What is an MBA? Courses, Fees, Eligibility

The full name of the MBA is Master of Business Administration, which is a two-year postgraduate course in the study of business management and leadership. The course merges theoretical information with practical exposure through the application of case studies and actual events to prepare the students to fill managerial and executive roles in various industries.

For Master of Business Administration, the candidates should have a bachelor’s degree in any field—Science, Commerce, or Arts—with a minimum aggregate of 50% marks. The requirements vary with institutions. The top institutions such as the IIMs usually require a better academic record (50%-60%) and a better CAT score (80 percentile and above). They also shortlist the candidates based on written tests and personal interviews. Other top colleges accept scores in entrance exams such as XAT, GMAT, and CAT with a minimum of 50% to 55% graduation percentage.

Only entrance examinations are used to determine admission to MBA programs; candidates’ personalities are then evaluated by a Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI). The CAT, CMAT, XAT, MAH CET, GMAT, and ATMA are entrance tests that are taken into consideration for programs.

Both public and private universities, including prestigious IIMs like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Indore, as well as other universities like XLRI Jamshedpur, FMS, ISB, and Vishwa Vishwani Institute of Systems and Management, provide programs to candidates. Depending on the college, the cost of an MBA degree might range from INR 10 lakh to INR 25 lakh. Depending on their interests, candidates can pursue a Master of Business Administration with a variety of concentrations, such as marketing, sales, or human resources.

On Master of Business Administration course completion, the candidates can opt for career opportunities in Sales Managers, Finance Managers, Marketing Managers, Human Resources Managers, Product Manager, etc, human resources. The income of the MBA graduates would range from INR 5 LPA to INR 25 LPA. Amazon, Flipkart, Deloitte, and Google are the leading recruiters.

Students can take courses in various modes such as Full-time Regular MBA, Distance MBA, Online MBA, Executive MBA, and Integrated MBA and the duration differs based on the type of course.

After completing the two-year postgraduate program, there are numerous employment options available. Students who earn a master’s degree in business administration are better equipped to lead in the corporate world and obtain employment across a range of industries.

Details of the Master of Business Administration course are shown in the table below:

Here is the general step-by-step guide for the Admission in MBA Course:

Step-1 Choose the program:
Research programs, examine curriculum, specializations, faculty, and facilities, and verify academic qualifications and exam criteria.

Step-2 Prepare Required Documents:
Gather academic mark sheets, certificates, exam scores (CAT, MAT, XAT, etc.), and recommendation letters.

Step-3 Fill out the Application Form and Pay the Fees:
Complete the form online or offline and submit the fee.

Step-4 Entrance Exams (if applicable):
Register, prepare, and appear for the required exam.

Step-5 Submit Application:
Submit the filled form and documents and track application status.

Step-6 Interview (if applicable):
Attend personal or virtual interviews.

Step-7 Await Admission Decision:
Monitor updates and receive offer letter if selected.

Step-8 Confirm Enrollment:
Accept the offer and pay the enrollment/tuition fee.

Step-9 Prepare for the Start of Classes:
Complete registration, find accommodation, attend orientation.

Step-10 Start Classes:
Begin your academic journey.

Since MBA courses are postgraduate programs, graduation is mandatory. However, eligibility criteria vary depending on the type of program and the universities offering it.

The various aspects of eligibility requirements for Tier 1, 2, and 3 MBA colleges are highlighted below:

MBA entrance exams are the gateway to top business schools in India. Preparing for them strategically increases chances of selection.

Understand the Exam Format: Know number of questions, sections, and time limits.

Create a Study Plan: Allocate time based on strengths and weaknesses.

Practice Tests: Take frequent mocks to adapt to real exam pressure.

Time Management: Allocate fixed time per section.

Online Resources: Use blogs, websites, and forums for strategies.

Vocabulary & Language Skills: Improve grammar, RC, and vocabulary.

Math & Quant Skills: Practice quantitative problem-solving.

Logical Thinking: Strengthen analytical reasoning.

Mock Interviews: Prepare if the program has PI rounds.

Students can opt for Full-time, Part-time, Distance, Online, Executive, and Integrated MBA programs.

MBA programs provide technical, managerial, and leadership skills through core and elective subjects.

Key Subjects:

• Marketing
• Finance Management
• HR Management
• Business Laws
• Business Environment
• Retail Management
• Taxation

Semester-wise Syllabus:

Semester 1
Organizational Behaviour, Managerial Economics, Quantitative Methods, Financial Accounting

Semester 2
Organization Effectiveness & Change, Environment of Business, Management Science, Financial Management

Semester 3
Business Ethics & CSR, Legal Environment of Business, Strategic Analysis

Semester 4
Project Study, Strategic Management, International Business Environment