All About MBA: Full Form, Courses List, Admission Process, Fees, Eligibility, Syllabus, Jobs, Salary

About Masters of Business Administration (MBA)

MBA is an internationally accredited post-graduate degree for developing business and management skills amongst future business leaders and entrepreneurs. The full form of MBA is Master of Business Administration. A typical MBA degree covers a wide range of business fields like accounting, marketing & management. An MBA degree is not limited to a career in management so those interested in pursuing a career in the private, government & public sector can also benefit from an MBA degree.

In India specifically, there are two types of management degrees available.

Masters in Business Management (MBA): This degree is offered usually a 2-year degree.
Post Graduate Diploma in Management (PGDM): This degree is offered by autonomous institutes like the Indian Institute of Management(s) and is usually a 1-year course.

In recent times, various other versions of MBA/ PGDM have been introduced to adhere to the industry needs. Some of them include:

Online MBA
Distance Learning MBA
Executive MBA

The MBA course curriculum is a combination of some core subjects like Marketing, Economics, Accounting and Operations, and Elective courses to give management aspirants a chance to follow their own personal or professional interests.

MBA Specializations

Take a look at the table below to know about some of the MBA specializations.

Finance Management	Marketing Management
Human Resource Management	Rural Management
Health Care Management	Operations Management
Media Management	Sports Management
Hospitality Management	Interior Design

Masters of Business Administration (MBA) Highlights

All the important details about the Masters of Business Administration (MBA) course are mentioned below

Level	Post Graduate
Duration	2 Years
Exam Type	Semester
Minimum Qualification Requirement	Bachelor Degree
Average Initial Salary	INR 5 to 22 lacs per annum
Selection Process	Entrance Exam
Minimum Aggregate Score Requirement	50%-55%
Major Recruiters	Amazon, Citigroup, Deloitte, Apple, Bain & Company, Flipkart, Microsoft, Google, Tesla, LinkedIn, PepsiCo, Unilever, Nike, Ernst & Young and Deutsche Bank.

Masters of Business Administration (MBA) Eligibility Criteria

Admission to the MBA course is strictly on the basis of management entrance exams conducted on national, state, university/institute level. Besides this, students have to adhere to the following eligibility criteria:

Graduate from any stream with minimum 50% marks or equivalent CGPA from a UGC recognized Board or equivalent recognition from MHRD,
Students belonging to the SC/ ST or PWD category will require a minimum 45% marks to qualify for any MBA entrance test
Valid scores of MBA entrance exams like CAT, MAT, XAT, SNAP, NMAT & CMAT etc.

MBA Admission Process:

Getting admission to an MBA college is not a cakewalk. One has to overcome a series of difficult processes for admission to a top B-school in India. If you fulfil the basic eligibility criteria, you need to appear for any of the following entrance exams:

Common Admission Test (CAT)
Management Aptitude Test (MAT)
Symbiosis National Aptitude Test (SNAP)
Xavier’s Aptitude Test (XAT)
NMAT by GMAC
Common Management Aptitude Test (CMAT)
Indian Institute of Foreign Trade (IIFT)
MICA Admission Test (MICAT)
ICFAI Business School Aptitude Test (IBSAT)

The government also conducts tests for admission to MBA government colleges as well as private MBA colleges in the state. Some of them include:

Gujarat Common Entrance Test (GCET)
University of Hyderabad’s CET (UOHYD)
Cochin University Science & Technology (CUSAT)
Karnataka Management Aptitude Test (KMAT)
Rajasthan Management Aptitude Test (RMAT)
Tamil Nadu Common Entrance Test (TANCET) etc.

There are various management schools in India that also conduct individual management entrance exams for admission to their colleges.

Jamia Milia Islamia (JMI), New Delhi
SRM University’s Management Test (SRMJEE)
Benaras Hindu University (BHU PET)
Kalinga Institute of Industrial Technology (KIITEE)
University of Petroleum & Energy Studies (UPES-MET) etc.

Here a collated list of all the management entrance exams in national, state and college/ university level MBA exams for taking admission to the top colleges.

After your MBA entrance exam score is out, you can check out the B-school admission as released by that school. Wherever eligible, you can apply, following which, you will have to undergo the Group Discussion (GD) & Personal Interview) rounds.

Masters of Business Administration (MBA) Syllabus

Syllabus of MBA for first two semesters will be same for all the specializations. The third semester will contain subjects related to the specialization chosen by the candidate.

Semester 1	Semester 2
Business Communication	Economic Environment of Business
Financial Accounting	Financial Management
Human Resource Management	Management Accounting
Information Technology Management	Management of Information System
Managerial Economics	Management Science
Marketing Management	Marketing Research
Organizational Behaviour	Organization Effectiveness & Change
Quantitative Methods	Production & Operations Management
Semester 3	Semester 4
Business Ethics & Corporate Social Responsibility	International Business Environment
Legal Environment of Business	Project Study
Strategic Analysis	Strategic Management

Candidates must note that in addition to three main subjects, they will have to choose five additional subjects depending on the type of specialization opted by them. They can check the list of available subjects from the table provided below.

FINANCE
Security Analysis & Investment Management	Project Planning, Analysis & Management
Quantitative Analysis of Financial Decisions	Financial Derivatives
International Financial Management	Fixed Income Securities
Portfolio Management	Risk Management
Management Control System	Corporate Governance
Management of Financial Services	Financial Reporting
Corporate Taxation
MARKETING
Advertising Management	Analytical Marketing
Consumer Behaviour	Brand Management
Competitive Marketing	Retailing Management
Sales Force Management	Internet Marketing
Business Marketing	Marketing Channel
Sales Promotion Management	Advanced Research Techniques in Marketing
Service Marketing
OB & HRM
Management of Industrial Relations	Counselling Skills for Managers
Manpower Development for Technological Change	Managing Diversity
Human Resource Planning and Development	Human Resource Development: Strategies & Systems
Performance Management	Negotiation, Persuasion & Social Influence Skills
Cross-Cultural and Global Management	Personal Power & Leadership through Asian Values
Managing Interpersonal and Group Processes	Compensation Management
Training and Development	Leadership, Power & Politics
PRODUCTION & OPERATIONS MANAGEMENT
Advanced Operations Management	Decision Models and Optimization
Total Quality Management	Production Planning and Control
Operations Strategy	Quantitative Analysis of Risk and Uncertainty
Operations Research	Supply Chain Management
Modelling in Supply Chain Management	Technology, Innovation and New Product Management
Environment and Safety Management
ENTREPRENEURSHIP
Entrepreneurial Management	Family Business & Entrepreneurship
Social Entrepreneurship	Managing the Growing Business
Entrepreneurship, Creativity & Innovation	Financing the Entrepreneurial Business
INFORMATION TECHNOLOGY MANAGEMENT
Business Process Re-Engineering	Network Operations, Management & Security
Managing E-Business	Strategic Management of Information Technology
System Analysis and Design	Managing IT-Enabled Services
Database Management Systems	Knowledge Management
Business Intelligence
SERVICES MANAGEMENT
Management of NGOs	Hospitality Operations Management
Transportation Management	Service Operations Management
Tourism Marketing	Airport Management
Hospitality Marketing	Total Service Quality Management
Civil Aviation Management

MBA Career Options and Job Prospects

MBA is a highly skilled degree and opens up various opportunities for you. From working in the private, public or government sectors to venturing out to become an entrepreneur, an MBA degreeg goes a long way into shaping your career.

Career prospects after MBA are varied. Depending upon the B-school you have graduated from, the job prospects get impacted. Top B-schools in India such as the Indian Institute of Management(s) have the best placement strategies in place, and more often than not, their students are usually the best place in the industry.

Candidates can check the type of job profiles available for MBA graduates from the table provided below.

Employment Areas	Job Types
Banks	Account Manager, Administrative Officer, Human Resource Managers, Marketing Managers, Card Payments Operations Head, Vice President - Investment Banking
Brand & Marketing	Brand Manager, IT Services Marketing Head, Marketing Manager,
Business Consultancies	Human Resource Managers, Management Consultant
Educational Institutes	Trainer, Administrative Officer
Financial Organizations	Recruitment Manager, Administrative Officer, Equity Research Analysts, Human Resource Managers
Industrial Houses	HR Generalist Business Partner, Zonal Business Manager, Project Managers, Administrative Officer, Finance Managers, Marketing Managers
Multinational Companies	Lobbyist/Organizer, Recruitment Manager
Personal Business	Entrepreneur
Public Works	Research and Development Managers, Labour Management Relations Specialist
Tourism Industry	Human Resource Managers, Administrative Officer

Almost every company requires skilled managers to manage all their activities. Some of the major recruiters available for MBA graduates are provided below.

Amazon	Tata	Accenture
Flipkart	Cipla	Asian Paints
HCL	HP	PWC
ITC	Bajaj	HDFC
Mahindra	ICICI Bank	HSBC
Microsoft	Infosys	Aditya Birla Group
Reliance	Citibank	Deloitte

The starting average salary of MBA graduates in India ranges from Rs. 7 Lakh – Rs. 12 Lakh per annum. If you have studied from an Ivy League B-School in India, it can start from Rs. 15 Lakh per annum. Mid-level salary ranges from between Rs. 15 Lakh – Rs. 24 Lakh per annum. Senior-level salary ranges above Rs. 20 Lakhs per annum.