MBA courses - Details, Registration and Importance

Introduction

Nowadays, Masters in Business Administration or MBA courses are high in demand. Graduates from any stream prefer opting MBA courses as their post-graduation. Eventually, this has led to an increase in career options after doing MBA. MNCs are hiring MBA graduates and are offering them attractive salary packages. MBA courses are a good option to boost a career in business and sustain a secure future. Such courses helps to open a lot of other career opportunities that we will learn later in this article. 

Masters of Business Administration is a popular two-year professional degree that provides the students a wide range of career opportunities. Admission process begins with MBA Entrance Exams followed by GD/PI. Applicants must score a minimum of 50℅ in their graduation. MBA course syllabus is mainly market-oriented. Subjects include Marketing management, Supply Chain Management, Operations management, etc. 

mba courses
October 12, 2021
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Table of Contents

MBA courses overview 

As mentioned earlier, the full form of MBA is Masters of Business Administration. Admission in MBA courses is Entrance Exams based that is either conducted at university or national level. MBA programs may be part-time, full-time, online, distance or correspondence mode. The core subjects for the MBA course include Accounting and Financial Management, Business, Economics, Corporate Finance, Human Resource Management, Supply Chain Management, etc. 

Undoubtedly, MBA courses are expensive. The average fees for such courses may range between INR 2,00,000 to INR 27,00,000. Mainly, the fee structure is influenced by the university or college. It is the most popular post-graduation course in India and abroad. MBA degree has become a necessity for most of the managerial level jobs across India. Hence, it is opted by graduates belonging to every stream. Some important points about MBA courses are: 

  • This course can be opted by graduates in B.Sc, B.Com, B.A or B.Tech for instance. 
  • A regular MBA or Postgraduate Diploma in Management (PGDM) is generally a two-year course that is divided into four to six semesters. 
  • However, some private universities also offer a one-year PGDM course. 
  • MBA courses are available in different modes such as online, full-time, part-time or distance education. So that everyone can choose according to their convenience. 
  • However, the full-time MBA courses are the most valuable. It is because it includes theory and practical classes, projects, internships and placements. 

  • In order to apply for full-time MBA courses, experienced and fresh graduates both can apply. Contrary to this, Executive MBA courses are favourable for candidates with more than five years of work experience. 

MBA courses eligibility criteria 

The basic eligibility criteria for MBA courses is as below: 

  • Students who have completed their graduation or in the final year of graduation can apply. 
  • If you are a final year graduate, you can also apply for MBA courses but you have to present the proof of completion of graduation within a specified duration. 

  • Graduates from any discipline or equivalent course from a recognized university are eligible to apply for MBA courses. 
  • The candidates must score a minimum of 50% in their graduation. However, reputed colleges prefer 60% marks in graduation. 
  • Students belonging to the reserved categories like OBC, SC and ST get a 5% relaxation in the qualifying marks. 

MBA courses admission 

The process of admission is MBA Entrance Exams based. These tests can fit in either of the following four categories: 

  • National Level Test that is conducted by an apex testing body for the admission on reputed colleges across India. For instance, CAT, MAT or CMAT. 
  • State Level Tests are conducted at state level by a similar testing body on behalf of the participating colleges. For instance, OJEE, KMAT or APICET
  • Some B-school also conduct entrance exams for admission in MBA courses. For instance, IIFT, XAT, NMAT or IBSAT. 
  • In addition, some universities conduct entrance exams for admission in MBA courses. For instance, KIITEE, HPU MAT, etc. 

MBA Entrance Exams 

Admission to MBA courses require students to qualify entrance exams such as CAT or MAT. As mentioned above, these tests are conducted at a national level. So, they are generally difficult. 

  • CAT: It stands for Common Admission Test (CAT). It is essential to get admission in two-year MBA courses at 20 IIMs across India. Usually, CAT is held in the month of November and the registration process begins in the month of July. In addition, there is an eligibility criteria for the entrance exam. Students belonging to the general category must score a minimum of 50% in graduation (any stream). However, there is a relaxation of 5% marks for the students belonging to the reserved categories like OBC, SC and ST. 
  • MAT: It is a national level entrance exam and it stands for Management Aptitude Test. It is conducted in four sessions per year – February, May, September and December. To appear for the exam, candidates must possess a bachelor’s degree from a recognized university. Also, there is no upper age limit to appear for the exam. So, it is advantageous over CAT. 

MBA Courses subjects 

Different specialization courses have different subjects and syllabus. However, there are some common topics that are discussed below: 

  • Financial Management: This is the basic subject that you will learn while pursuing MBA degree. In this, an overall idea of budget and funds of the company is given. You will learn about financial ratios, debt ratios and market ratios. 
  • Human Resource Management: It will help you to learn how to manage a team and current labor policies that protects rights of the workers in the company. 
  • Customer Relationship Management: In this, you will learn how to attract potential customers and clients into buying your products and services. 
  • Marketing Research: This will help you to learn how to gather data from potential customers and clients. Further, you will learn how to use the data for the growth of the company. 
  • Operation Managements: In this, you will learn how to address the concerns in business operations such as quality, productivity and more. 

Types of MBA courses 

There are different types of MBA courses for students belonging to different fields. The details of them is listed below: 

  • Full-time MBA 
  • Executive MBA 
  • Online MBA 

  • Distance MBA 
  • MBA abroad 
  • Integrated MBA 
  • One-year MBA 

Full-time MBA courses 

Full-time MBA is a two-year professional degree course. Amongst all the MBA courses, this is most valuable as it provides students with a detailed exposure of curriculum. Basically, it includes projects, internships and placements that adds value. Admission is an MBA Entrance Exam based that is either conducted at national or state level. Some of the top MBA Entrance Exams include CAT, MAT, XAT and GMAT. Specialization in MBA courses is available that includes MBA in Marketing, MBA in Finance, MBA in HR, etc. The average fees range from INR 2,00,000 to INR 30,00,000 per year depending upon the college. 

Part-time MBA courses (Executive MBA) 

It is a type of part-time MBA course of one-year duration ideal for working professionals. It is ideal to educate job seekers and entrepreneurs. 

One year MBA courses 

It is favourable for working individuals who want an MBA degree while working. In order to enroll for one year MBA courses, the candidates must score 650 or above in GMAT or GRE. Some colleges in India like ISB Hyderabad offer one-year MBA courses to applicants with two year or above working experience. The fee structure is generally one the higher side. So, a few candidates can apply. 

Online MBA courses 

Online MBA is much different from the distance MBA. In this, there is no need to attend class-room lectures. The eligibility criteria for online MBA courses is a minimum 50% marks in graduation (any stream). Some top UGC-recognized universities offer the course like NIBM Pune, Amity Noida, Jaipur National University and the like. 

MBA distance courses 

It is a good option for students who cannot enroll for the regular MBA degree. It is a two-year correspondence/distance course. The eligibility criteria for the course securing a minimum of 50% marks in graduation (any stream). Also, a minimum of 50% marks in 10+2 is required. In addition, a minimum work experience is needed with a qualifying marks in MBA entrance exams such as CAT, MAT or XAT. 

Career and Scope after MBA specialization courses 

Master of Business Administration has a wide range of specialization courses which include MBA in Finance, MBA in HR, MBA in Supply Chain Management, MBA in Banking and Finance, etc. 

MBA in General Management 

It is a two-year duration course aiming to train students for planning, creation and management of resources. The admission for this specialization is an entrance exam based like CAT or MAT. The subjects include managerial economics, human resource management, finance, corporate environment, etc. The average fees range from INR 30,000 to INR 2,50,000. It primarily focuses on the operation management as it is an important part of the company. It deals to make sure that the production is carried out in a cost effective way and at the same time it should meet the expectations of consumers. Some of the job opportunities are: 

  • Operation Executives 
  • Areas Operation Manager 

  • Operation Manager 
  • General Operation Manager 
  • Manufacturing Consulting Manager 
  • Plant Manager 
  • Operation Research Analyst 

The average salary of an MBA in Operation Management is INR 3,00,000 to INR 15,00,000 per annum. 

MBA in Finance 

This one is also a two-year PG course. Likewise, it is entrance exam based. The subjects include financial accounting, financial management, financial marketing, etc. The average course fees  range from INR 3,00,000 to INR 8,00,000. The scope of career after MBA in Finance is good. So, investing for a degree in MBA in Finance is an economical idea. The curriculum prepares a student for a career in accounting, financial planning, banking, etc. Typically, the course of study includes financial modeling, global economics, stock market pitch projects, real estate investment and investment strategies. A list of career opportunities after MBA in Finance is as below: 

  • Investment Banker 
  • Accounting Manager 

  • Financial Analyst 
  • Credit Manager 
  • Insurance and Risk Manager 
  • Corporate Controller 
  • Cash Manager 

  • Credit Risk Manager 
  • Investment Portfolio Manager 
  • Asset Manager 

Without a doubt, most companies offer attractive salary packages to graduates belonging to MBA in Finance. In addition, the payment increases with the increase in experience. Initially, they can earn as much as INR 3,00,000 to INR 4,00,000 per annum which can increase with skills and experiences. 

MBA in Sales and Marketing 

Generally, it is a two-year program that prepares the students for a career in marketing. The course offer jobs in both executive as well as managerial posts. The curriculum mainly focus on topics such as Marketing Management, Operation Management, Digital Marketing, Social Media Marketing and more. 

Students who pursue MBA in Marketing as post-graduation have a spectrum of job opportunities awaiting them. In fact, the demand for graduates belonging to this section is high. The course focuses mainly on topics like accounting, advertising, consumer behaviour, etc. In turn, this helps the students to develop leadership and executive qualities throughout the curriculum. Some job opportunities are: 

  • Analytical Marketing 
  • Product and Brand Management 
  • Retail Management 

  • Public Relations Management Advertising and Promotion Marketing 
  • Customer Relationship Marketing 
  • Market Search Analyst 
  • Media Planner 
  • Logistic Head 

  • Online Marketing 
  • Social Media Manager 
  • Business Development 
  • Quality Assurance Head 

Usually, the earning potential is high. An individual holding an MBA degree in Marketing can easily earn INR 3,00,000 to INR 20,00,000 per annum. 

About us 

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You can apply for the opening if you possess a Bachelor’s degree, Master’s degree or a Diploma in the relevant subject. The payment will be given per correct answer. It has a flexible work schedule and you can easily earn up to INR 30,000 to INR 80,000. 

You can become a subject matter expert – here.

Final thoughts 

In the above article we learned about different aspects of MBA degree. Also, there are many specialization MBA courses like Finance, Operation Management and more. Each of them has their own sets of pros and cons. An MBA degree sounds fascinating but choosing a specialization course is not the end. You have to keep in mind the hardships and sacrifices it brings along. However, everything is not dull and gloom. At the end, it opens a lot of career opportunities. 

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