What is MBA /PGDM?
An MBA, or Master of Business Administration, is a 2-year graduate degree focused on business management and administration. It aims to provide students with the skills and knowledge that they need in leadership roles across industries. This program includes specializations such as finance, marketing, operations, human resources, strategy, and entrepreneurship. MBA can now be taken in different formats like full-time, part-time, online programs, and executive (for working professionals) to meet various needs and schedules.
Overall, an MBA gives individuals the skills needed to succeed in managerial roles and enhance organizational success. It opens doors to a career that can lead to many industries and is highly respected by employers worldwide.
An MBA, or Master of Business Administration, is a 2-year graduate degree focused on business management and administration. It aims to provide students with the skills and knowledge that they need in leadership roles across industries. This program includes specializations such as finance, marketing, operations, human resources, strategy, and entrepreneurship. MBA can now be taken in different formats like full-time, part-time, online programs, and executive (for working professionals) to meet various needs and schedules.
Overall, an MBA gives individuals the skills needed to succeed in managerial roles and enhance organizational success. It opens doors to a career that can lead to many industries and is highly respected by employers worldwide.
Gender Diversity in MBA Programs
In the following chart, we have picked four random colleges from all over the world to noticeable variation in the gender breakdown across different MBA programs.
While institutions like IIM Ahmedabad have a significantly higher percentage of male students (70%), others like INSEAD are closer to a balanced gender ratio (52% male, 48% female).
Admission to MBA courses is solely based on entrance exams, followed by a Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI) to assess the candidates’ personality. Entrance exams that are considered for MBA courses are CAT, CMAT, XAT, NMAT, SNAP MBA CET, GMAT, and ATMA.
Candidates can pursue MBA courses from both government and private colleges including various top IIMs like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, or other colleges like XLRI Jamshedpur, FMS, ISB, and Vishwa Vishwani Institute of Systems and Management. The MBA degree fees range from INR 10 lakh – INR 25 lakh, depending on the college. Candidates can pursue an MBA in various specializations including HR, Sales, Marketing, Finance, and Operations, depending on their area of interest.
On graduating with MBA courses, candidates may choose to pursue careers in Sales Managers, Finance Managers, Marketing Managers, Human Resources Managers, Product Manager, etc, human resources. MBA graduates can expect to make between INR 8 LPA and INR 25 LPA in income. Top MBA recruiters include Amazon, Flipkart, Deloitte, and Google.
Students can pursue MBA courses in different modes including Full-time Regular MBA, Distance MBA, Online MBA, Executive MBA, and Integrated MBA and the duration varies according to the course type.
MBA Course Details: Highlights
MBA degree is a 2-year PG degree that offers vast career opportunities after course completion. Master of Business Administration prepares students for leadership roles in the business world and enables them to find work in varied industries.
MBA Course Details
| MBA Full Form | Master of Business Administration |
|---|---|
| MBA Course Duration |
Full-time MBA: 2 years Online/ Distance MBA: 1-2 years Executive MBA: 1-1.5 years Integrated MBA: 5 years |
| MBA Course Level | Post Graduation |
| MBA Course Types | Full-Time MBA, Part-Time MBA, Distance MBA, Executive MBA, Online MBA, and Integrated MBA |
| MBA Course Fees | INR 2 Lakh – INR 27 Lakh and above |
| MBA Admission Process | Entrance Exam + Group Discussion + Personal Interview |
| MBA Course Eligibility Criteria | Graduation from a recognized university with minimum required marks |
| MBA Entrance Exams | CAT, CMAT, XAT, NMAT, SNAP, etc. |
| MBA Top Colleges | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, etc. |
| MBA Top Specializations | Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing, and Business Analytics |
| MBA Jobs | Finance Managers, Marketing Managers, Sales Managers, Human Resources Managers, etc. |
| MBA Salary | INR 8 LPA – INR 27 LPA |
| MBA Top Recruiters | Boston Consulting Group, Deloitte, KPMG, McKinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc. |
Reasons to do MBA
Reasons to do MBA
- Promising Career:
The easiest way to boost your career is to obtain a Master of Business. Administration. Students focus onthe job opportunities that arise after getting a Master of Business Administration. MBA classes are becoming more essential to gain management skills and knowledge as the world grows more competitive.
- Develop Management Skills: Many Areas of Focus in Master of Business Administration allow students to focus on a specific part of business management. Each area helps students build a career in that specific field..
- High Salary: After completing a Master of Business Administration, nearly all students receive a salary increase. Students can pick from their preferred companies through job placement chances provided by universities. Based on the college, the average MBA pay ranges from INR 8,00,000 to INR 10,00,000, but it can reach INR 15,00,000 to INR 20,00,000 in certain situations.
- Entrepreneurship Abilities: Students find out how to run a business. For college students involved in a family business, this is especially helpful. The company will function more smoothly and produce greater profits because of the Master of Business Administration.
MBA Eligibility Criteria
- MBA coursesare postgraduate programs and hence require graduation as a mandate. But there is more to the eligibility criteria that one should know because the eligibility criteria differ according to the type of MBA course, and the colleges offering Master of Business Administration course.
- The below table highlights the different facets of eligibility criteria one needs to know before taking admission into tier 1, tier 2, and tier 3 MBA colleges.
Particulars | Tier 1 MBA Colleges | Tier 2 MBA Colleges | Tier 3 MBA Colleges |
Educational Qualification | Should be greater than 50% | 50% or more | 50% or more |
Entrance Exams | CAT, XAT, GMAT | SNAP, NMAT, XAT, TISSNET | MAT, CMAT, and other state-level or university-level exams |
Interview Criteria | GD + WAT + PI | WAT + PI, In some cases only PI is conducted. | Not WAT rounds, colleges conduct their own interview rounds to assess the personality. |
Work Experience | Not Mandatory, is required in case of Executive MBA Admission. | Not Mandatory, but required for MBA executives in some colleges. | Not required |
International MBA programs for Indian students
In order to pursue MBA programs abroad must deviate slightly from the conventional path. For MBA admission abroad, students must take the Graduate Management Aptitude Test (GMAT), the International English Language Testing System (IELTS), and the Test of English as a Foreign Language (TOEFL). The academic requirements for MBA programs abroad are the same as those for domestic programs: graduation with a 50% aggregate from an accredited university or equivalent.
For the majority of MBA programs offered overseas, three to five years of work experience are necessary. Enrolling in MBA programs overseas can be expensive, with the total cost of the program reaching INR 80 lakh to INR 1 crore. The top destinations for international MBA programs.
Top Universities for MBA Courses in the USA
Harvard University, Cambridge | Columbia University New York |
Stanford University, Stanford | Yale University New Heaven |
University of Pennsylvania, Philadelphia | New York University New York |
Top Universities for MBA Courses in the UK
University of Oxford Oxford | University of Warwick, Coventry |
University of Glasgow Glasgow | Newcastle University, Newcastle |
University of Exeter , Exeter | Coventry University, Coventry |
Top Universities for MBA Courses in Canada
University of Toronto , Toronto | University of Ottawa, Ottawa |
The University of British Columbia, Vancouver | University of Waterloo, Ontario |
York University, Toronto | McMaster University Hamilton , Ontario |
Top Universities for MBA Courses in Australia
The University of Melbourne, Melbourne | The University of Western Australia ,Perth |
University of Tasmania, Hobart | The University of Adelaide, Adelaide |
University of South Australia, Adelaide | Victoria University, Malborne |
Top MBA Specializations for Career Growth
Candidates may choose to pursue an MBA with a specialization in a particular field in addition to the standard MBA courses. Applicants can choose from a wide range ofTypes of MBA specializations and which one to choose. It is advised that all candidates for MBA programs select a branch or area of specialization, as this provides them with the necessary training for specialized fields like marketing, sales, operations, finance, and human resources, to mention a few –
MBA Specializations List
Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list –
- MBA in Digital Marketing
- MBA in Business Analytics
- MBA in Data Analytics
- MBA in Entrepreneurship
- MBA in Finance
- MBA in Strategy
- MBA in International Business
- MBA in Human Resource Management
- MBA in Risk Management
- MBA in Operations
MBA Specializations List
Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list –
MBA in Digital Marketing
MBA in Business Analytics
MBA in Data Analytics
MBA in Entrepreneurship
MBA in Finance
MBA in Strategy
MBA in International Business
MBA in Human Resource Management
MBA in Risk Management
MBA in Operations
MBA Specializations List
Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list –
MBA in Digital Marketing
MBA in Business Analytics
MBA in Data Analytics
MBA in Entrepreneurship
MBA in Finance
MBA in Strategy
MBA in International Business
MBA in Human Resource Management
MBA in Risk Management
MBA in Operations
MBA vs PGDM
PGDM and MBA are postgraduate degree programs designed to teach candidates various managerial and entrepreneurial concepts. To gain a better understanding of the key differences between the two courses, refer to the table below, which highlights some of the most significant ones:
Particulars | MBA | PGDM |
Full Form | Master of Business Administration | Post Graduate Diploma in Management |
Qualification | Master’s degree offered by central-level universities | Postgraduate diplomas offered by autonomous institutes, or B-schools. |
Affiliation | Universities offer these programs, which are subject to the regulations and approval of the relevant institution and higher education authorities. | Autonomous institutes offer PGDM courses certified by agencies such as AICTE, but the curriculum and grading procedures are decided by the institute. |
Curriculum Flexibility | Limited flexibility | Greater flexibility in curriculum designing |
Duration | 2 years | 1 – 2 years |
Admission Criteria | Entrance Exam + Merit | Entrance Exam + Merit |
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Global Recognition | MBA degrees are often recognized worldwide | The degree of global recognition varies according to the reputation of the institute that offers the program. |
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