An MBA course or Master of Business Administration is a two-year postgraduate degree course that trains you with adequate business knowledge and management skills. With this course, you learn all about finance, management, and workforce management of an organization. The MBA scope is quite vast in India as the course specialises in core aspects of running and managing a business.
The best part about the MBA course is that students from all backgrounds such as commerce, engineering, science, and humanities can pursue it. Depending on your choice, you can avail of MBA courses as either full-time, distance learning, online MBA or executive MBA. The course is ideal for you if you wish to pursue a management-related career or kickstart an entrepreneurial journey.
Information About MBA Course
|Course Full Form||Master of Business Administration|
|MBA Course Duration||2 Years|
|MBA Course Fee||INR 2 lakhs to INR 27 lakhs and Above|
|MBA Admission Process||Entrance Exam+ Group Discussion+ Personal Interview|
|Top MBA Entrance Exam||CAT, MAT, XAT, CMAT, NMAT, ATMA, IIFT, IBSAT|
|Average Salary post MBA||INR 5 lakhs to 25 lakhs per annum|
As the MBA subjects focus on business administration, you must have specific skills to ensure a bright career with this postgraduate programe. The much-needed skills include:
- Excellent networking skills to understand the current network and opportunities to expand it.
- Brilliant communication skills to build successful and long-term professional relationships with your clients.
- Entrepreneurial mindset to understand the basics of entrepreneurship and expand it.
- Interest in the country’s economy to make accurate decisions by adhering to the country’s financial situation.
- Problem-solving skills to resolve various issues while running a business.
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Various start-ups and new businesses in the country are currently flourishing due to government support. A lot of people are looking to start their businesses or become entrepreneurs. This has created a need for strong business management professionals to help them in taking the right decisions and take their businesses to the next level.
An MBA course gives you an edge in the market. The MBA subjects are designed to impart excellent managerial skills. This involves creative, critical, analytical, and flexible thinking patterns. Based on your interests, you can pursue MBA in various specializations such as:
- MBA in Finance
- MBA in International Business
- MBA in Supply Chain Management
- MBA in Human Resources
- MBA in Digital Marketing
- MBA in Marketing
- MBA in Entrepreneurship
- MBA in Operations Management
- MBA in IT
- MBA in Banking and Finance
- MBA in Hotel Management
- MBA in Hospital Administration
Moreover, you only need a bachelor's degree in any stream to pursue an MBA.
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The MBA course subjects focus on developing the managerial and entrepreneurial skills of students. Moreover, the course also offers specializations such as sales, marketing, and finance to opt for a particular field of interest. The MBA subjects list includes:
- Corporate social responsibility
- Business law
- Principles of marketing management
- Principles of accounting
- Operations management
- Project management
- Marketing research
- Managerial economics
- Financial modeling
- Supply chain management
- Strategic management
- Elective course
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The postgraduate MBA course duration is two years.
An MBA course gives excellent prospects in both government and private sectors. This dynamic programe is highly recognised for upscaling a business and building a successful organization. Since the course is developing both your theoretical and practical knowledge, it gives you an edge in the market. After completion of this course, you can join various organizations as:
- Event manager
- Hotel general manager
- Human resource manager
- Retail manager
- Operations manager
- Branch manager
- Airport manager
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MBA salary in India ranges from Rs 5 lakh to Rs 12 lakh per annum. The salary, however, is more for experienced professionals. With an experience of 5-9 years, the average salary will be more than Rs 25 lakh per annum.
An MBA entrance exam is conducted by specific colleges or governments in India. The exam includes:
- National-level exams such as CAT, MAT, and CMAT
- State-level exams such as MAH-CET, APICET, and KMAT
- Institute-level exams such as XAT, NMAT, and IBAST
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