MBA or Master of Business Administration is one of the popular, 2 year professional courses which is the ever demanding one in India and across the globe. It is a semester based course (mostly 4 semesters) deals with the theoretical aspects of business. There are two types of MBA- General and Specialized, and cover different subjects including Commerce, economics, Management etc. Post Graduate Diploma in Management (PGDM) is equivalent to MBA, but a PGDM graduate can’t do the PhD since it is not recognized. But now most of the organizations/firms prefer PGDM over MBA because of the industry relevance. There are also other programs like Post Graduate Programs (PGP) in business for the future Managers.

Advantages or Benefits of Master of Business Administration Degree

MBA and other programs in Management are highly demanding in the present scene because of the emergence of the large corporate houses, MNCs and industrial giants and the world wide economic growth. The social and individualistic view point is change largely, were people are more concentrated on Career growth and maximize the earning rather than job security.

MBA boosts individuals passion and hunger for success

• Acts as a Career Accelerator
• Develops the quality of Leadership and ladder to entrepreneurship
• Add value to the competency

Eligibility Criteria for MBA

Any graduates or corresponding discipline under the recognized Indian university (or AICTE recognized bachelor degree) are eligible for taking the entrance examination for the program. Students who are in the final year exam are also eligible. First the candidates have to clear the entrance examination, which is accepted by the desired institution and have to apply to each B- School. For example the GMAT (Graduate Management Aptitude Test) will help to seek admission in the respected B-Schools outside the country like US, Europe, Australasia etc. After clearing the entrance test, each candidate have to go through a set of selection process, depends upon the institutions.

Admission Procedure for MBA

As we discussed above the initial step in getting an admission in a reputed institution is to have a decent score in the Common admission test (CAT). The other popular MBA entrance examinations include XAT, GMAT, JMET or MAT etc. Most of the B- Schools in India accept any of the scores of these tests. Different Schools have different criteria for the admission, but generally have two stages-

• Written Admission Test( Multiple Choice test in Language, Quantitative, logical& reasoning and general business awareness)
• Personality Assessment ( The qualified student of the written test have to pass through Group discussion and Interview)

MBA Entrance exams in India

• AIMT - Army Institute of Management & Technology Entrance Exam
• AMU - Aligarh Muslim University MBA Entrance Exam
• APIME - Asia Pacific Institute of Management Exam
• ATMA - AIMS Test for Management Admissions Entrance Exam
• BIM - Bharathidasan Institute of Management Exam
• BIMTECH - Birla Institute of Management Technology Exam
• BK School of Business Management Exam
• CAT - Common Admission Test
• EMAT - Electronic Management Aptitude Test
• EMPI - Entrepreneurship & Management Process International Business Exam
• FMS Entrance Test - Faculty of Management Studies Entrance Test
• FSM Entrance - FORE School of Management Entrance Exam
• GIM - Goa Institute of Management Entrance Exam
• GMAT - Graduate Management Admission Test
• HP CMAT - Himachal Pradesh Combined Management Aptitude Test
• IBSAT - ICFAI Business School Aptitude Test
• IGNOU OPENMAT - Indira Gandhi National Open University OPEN Management Admission Test
• IIBF - Indian Institute of Banking & Finance Exam
• IIFT - Indian Institute of Foreign Trade Exam
• IIIT - Indian Institute of Information Technology Entrance Exam
• IISWBM - Indian Institute of Social Welfare & Business Management Entrance Exam
• IITD - IITD Department of Management Studies Exam
• IMDR - Institute of Management Development and Research Entrance Exam
• IMI PGDM - International Management Institute Exam
• Indian School of Mines University Entrance Exam
• IPMG - Institute of Petroleum Management Exam
• IRMA - Institute of Rural Management Entrance Exam
• JBIMS - Jamnalal Bajaj Institute of Management Studies Entrance Exam
• JEMAT - Joint Entrance Management Aptitude Test
• JIMS - Jagannath International Management School Entrance Exam
• JMET - Joint Management Entrance Test
• Karunya School of Management Entrance Exam
• KIAMS - Kirloskar Institute of Advanced Management Studies Entrance Exam
• KIITEE Examination - KIITEE Management Entrance Exam
• LBSIM - Lal Bahadur Shastri Institute of Management Entrance Exam
• MAH CET - Maharashtra Common Entrance Test for MBA/MMS/PGDBM/PGDBA
• MAT - AIMA Management Aptitude Test Exam
• MBS - Mumbai Business Schoo Entrance Exam
• MDI - Management Development Institute Admission Entrance Exam
• MICAT - Mudra Institute of Communications Ahmedabad Admission Test
• NDIM - New Delhi Institute of Management Exam
• NIBM - National Institute of Bank Management Entrance Exam
• NITIE - National Institute of Industrial Engineering Exam
• NMAT - Narsee Monjee Management Aptitude Test
• NUIM - Nirma University Institute of Management Exam
• PIMR - Prestige Institute of Management and Research Entrance Exam
• RMAT - Rajasthan Management Aptitude Test Exam
• SDM Institute for Management Development Entrance Test
• SIMSR PGDM - KJ Somaiya Institute of Management Studies Research Entrance Exam
• Skyline Business School Entrance Exam
• SNAP - Symbiosis National Aptitude Test
• SPJIMR - S P Jain Institute of Management & Research Exam
• TANCET - Tamil Nadu Common Entrance Test Exam
• TAPMI - T.A. Pai Management Institute Entrance Exam
• UPMCAT - Uttar Pradesh Management Common Aptitude Test
• VIT - MBA Entrance Exam
• XIMB - Xavier Institute of Management Entrance Exam
• XLRI XAT - XLRI Jamshedpur School of Management XAT Exam

How to fill in MBA Entrance Application form

The application form will get through online or offline by paying a DD of Rs. 500/- to Rs. 1,500/-(from the official website or from the admission centres of different Colleges). The form should need extra attention while filling and provide the official name, contact details, age and other correct information. Don’t forget to paste the recent passport size photo in the form. It is advisable to take the copy of the form and fill that first helps in minimizing the errors.

MBA Entrance Exam Pattern

Each institute has its own written admission test, like XAT for XIMB, SNAP for Symbiosis, etc. or part of a common test like CAT conducted by the IIMs used by sever other institutes.MBA Entrance Exam is mostly 2-hour multiple-choice tests, now institutions are going for Computer based tests and online tests. The B- schools conducts test once a year or in a periodic manner.

The Written Tests examines the competency in

• Quantitative Ability -QA(include problems related to Number Systems, P & L , Percentages, Averages, Progression, Work, Speed, Geometry and Algebra)
• Data Interpretation –DI( Required to evaluate and give precise information from Tables, Charts and Graphs)
• Verbal Ability –VA is a test of your English knowledge
• Reading Comprehension (RC)
• General Awareness/Business Awareness (GA/BA)
• Logical Reasoning –LR (examine the skills on Data Sufficiency exercises, puzzles and deductive reasoning).

Coaching Centers for MBA Entrance Exam

Competition in the MBA entrance examination is so hard that it is difficult to get in the reputed and desired institutions, which offer better facilities and employers. A small change in the percentage will cost for as big difference in the over all rank. Hence to have a competent score candidate are going through vigorous training and here Coaching centers are come to play their part. Coaching is needed to keep up a competitive frame over other students and to help improve. Some of the top coaching centers for MBA Entrance exam are given below,

• Aggarwal classes
• Bansal Classes Pvt Ltd.
• Brilliant Academy
• Brilliant school of Management
• Brilliant Tutorial
• Career Launcher
• Career Point
• Cflogic
• Elite Academy
• FIITJEE
• Hi India
• IMS India
• Insight coaching center
• Professional Tutorial
• Seeman Entrance Coaching center
• Sharp Mind
• T.I.M.E
• Trumps and Gates

Reference Books for MBA Entrance Exam

• CAT Solved Paper by Upkar’s
• CAT Solved Papers and Mock Test Papers by Pratiyogita Darpan
• Complete Guide for MAT by Disha Experts
• Data Interpretation and Logical Reasoning by Arun Sharma
• Logical reasoning and DI section by S Chand or by Pearson Education
• MAT Score Accelerator by Disha Experts
• Quantitative ability by O.P Sinhal
• Quantitative Aptitude for CAT by Avinash Agarwal, Shipra Agarwal
• Target FMS by Disha Experts
• Verbal Ability by Wren and Marten
• Verbal Ability Guide for CAT by PT Education Ltd

Top 10 MBA Colleges in India

• Indian Institute of Management Ahmedabad
• Indian Institute of Management Calcutta
• Indian Institute of Management Indore
• Indian Institute of Management Kozhikode
• Indian Institute of Management Lucknow
• LIBA – Loyola Institute of Business Administration
• Nirma Institute of Managemen Ahmadabad
• SIBM – Symbiosis Institute of Business Management
• XIMB – Xavier Institute of Management Bhubaneshwar
• XLRI Management Institute Jamshedpur

Other Reputed Colleges/ Universities offering MBA program

• Amity Business School Noida
• FMS – Faculty of Management Studies
• IIFT – Indian Institute of Foreign Trade
• IIPM – Indian Institute of Planning and Management
• IMT – Institute of Management Technology Ghaziabad
• IRMA – Institute of Rural Management Anand
• ISB – Indian School of Business Hyderabad
• JBIMS – Jamnalal Bajaj Institute of Management Studies
• MDI – Management Development Institute
• MICA – Mudra Institute of Communications, Ahmedabad
• NMIMS – Narsee Monjee Institute of Management and Higher Studies
• SIMSR – KJ Somaiya Institute of Management Studies and Research
• SPJIMR – S.P. Jain Institute of Management and Research
• TAPMI – T.A. Pai Management Institute

MBA course curriculum

The main course curriculum for the MBA course in India includes:-

• Full-time MBA - A full-time MBA usually comprises 4 semesters (dissertation and project work+ industrial exposures+ summer internship). They have a major and minor specialization subjects.
• Executive MBA - Executive MBA, part time MBA, distance learning MBA and even online MBA courses are increasingly becoming popular in India.
• Part-time MBA.
• Distance Learning MBA.
• Online MBA.

MBA Specializations

The choice of specialization subjects generally include:

• MBA in Consumer Behavior
• MBA in Criminal Justice
• MBA in e-Business
• MBA in Education
• MBA in Engineering
• MBA in Entrepreneurship
• MBA in Executive
• MBA in Finance
• MBA in General management
• MBA in Global management
• MBA in Health Care
• MBA in Hospitality and Tourism
• MBA in Human Resources
• MBA in Industrial management
• MBA in Information Technology
• MBA in International Trade and Business
• MBA in Knowledge management
• MBA in Leadership
• MBA in Marketing
• MBA in Media
• MBA in Nonprofit and Government
• MBA in Operations and Logistics
• MBA in Organizational
• MBA in Risk Management
• MBA in Sport management
• MBA in Systems
• MBA in Technology management
• MBA in Telecommunications

MBA Projects

Project Topics in Marketing for MBA

• Advertising effectiveness study
• Competition Analysis
• Consumer Perception Survey
• Customer Data Analysis
• Customer Loyalty study
• Customer Profiling
• Customer Satisfaction Survey
• Effectiveness of channels (distributors/ DSAs) in service delivery
• Effectiveness of channels (on-line/ Internet) in service delivery
• Effectiveness of promotion schemes
• Measurement of Brand awareness and brand perception
• Service Blueprinting
• Service Process Mapping
• Service Quality Study
• Service standards Study on effectiveness of employee’s role in service delivery
• Study of Institutional markets
• Study of purchase influencing factors

Project Topics in Finance for MBA

• Activity-based costing and management
• Asset liabilities management in Indian banks
• Audit and Accounting
• Budgeting and Cost Control
• Cash Management
• Comparative rating
• Debtor management
• Dependency on external finance: an inherent industry identifying?
• Effective customer recovery system
• EQA - Earnings Quality Analysis
• Financing in SME sector
• Industry analysis and company analysis on a scenario basis, fight, growth potential and credit
• Inventory Control
• Investing Banking
• New financial approaches for the economic sustainability in manufacturing industry
• Null base budgeting
• Performance evaluation of initial public offers in India
• Product and Customer Profitability
• Risk capital
• Risk management using derivatives
• Universal business
• Wealth management
• Working capital management

Project Topics in HR for MBA

• Attrition or Retention
• Benefits and Compensation
• Compensation Management
• Competency Mapping
• Employee Research
• Employee satisfaction and surveys
• Group Dynamics
• HR Information Systems
• HRM Policy
• Human resource information system
• Job Enrichment
• Labor Laws, Labor Relations and Grievance Handling
• Leadership Development
• Management Development
• Motivation and Stress Management
• Organizational Behavior
• Payroll
• Recruiting & Hiring
• Recruitment and Retention

MBA Course Evaluation

The course is evaluated on the basis of

• Assignments
• Projects
• Internal Assessment
• University Examination

Most of the institution will provide a number of gust talks, seminars, industrial visits, work shop and other discussion so as to make the students more capable and potential as to work in the corporate.

MBA Text Books

• Accounting and Finance by Nitin Balwani, EB
• Business Communication by Parag Diwan
• Business Communication today by Bovee, Thill and Schatzman,
• Business Environment by Saleem, Pearson
• Business Ethics: Concepts & Cases by Velasquez , Prentice Hall Of India
• Business Statistics by JK Sharma, Pearson
• Essentials of Entrepreneurship & Small Business by Zimmerer & Scarborough
• Financial Accounting by R. Narayanaswamy, PHI
• Financial Management by Prasanna Chandra, TMH
• Industrial Marketing by Francis Cherunilam , HPH
• Introduction to Information Technology, Pearson
• Introduction to Marketing by Adrian Palmer, Oxford
• Management Information systems by Ashok Arora and Akshya Bhatia, EB
• Managerial Economics by Dominick Salvatore, Thomson
• Operations Management by William Stevenson, TMH
• Operations Research by JK Sharma, McMillan
• Organizational Behaviour by Uday Pareekh, Oxford
• Production and Operations Management, Biztantra
• Research Methodology by Dipak Kumar Bhattacharyya, EB
• Services Marketing — Text and cases by Rajendra Nargundkar ,Tata Mc Graw Hill

What to do after MBA?

After finishing the MBA course, students will be capable of various management skills and practice in the following areas.

• They can unravel industrial problems in altering state of affairs and in the wake of transforming of the technology.
• Students can use theoretical and analytical skills and offer most favorable resolution to various industrial issues.
• By means of this knowledge, they can be proficient and effective managers.
• They can use management skills for opportunity planning and enlargement of organizations.
• Students can contribute to research and development, new products innovation, modifying the existing products and develop their innovative ideas.
• They can provide the business, industries and society in their recreation of excellence by enchantment of the customers.
• After MBA students can also go for Ph.D programs in Indian Universities or Foreign Universities.

Job and Career options for MBA

There are lots of prospects available to the fresh and capable Managers after the end of MBA. They can:

• Find employment in Indian or Multi-national companies
• Government and Public Sector jobs
• Hand out as Executives in service sectors like Banks, Hospitals, and Airlines etc.
• Be the owner of industries or business houses
• Work as Management Consultants and Promoters to different Industries
• Work as Trainer or become academicians

Job Types

• Account Manager.
• Brand Manager.
• Card Payments Operations Head.
• Equity Research Analysts.
• HR Generalist Business Partner.
• IT Services Marketing Head.
• Management Consultant.
• Marketing Manager.
• Project Managers.
• Recruitment Manager.
• Vice President - Investment Banking.
• Zonal Business Manager - Telecom.

Remuneration after MBA

The globalization and the MNCs and high industry growth made no extreme in the salary or compensation part for the MBA graduates. Now it is highly depends upon the individual performance or by achieving the group targets. Even though there is a minimum industry standards but no limit to the maximum salary. This also makes the course so attractive to the younger generation.

MBA graduates from different specialization will receive diverse pay packages. The remuneration received by Finance fresher’s from the top institutions in on an average of 10.5 lakh per annum. The MBA finance graduates with more than 5- 7 years of experience will easily gain a salary of 18 lakh or more in different companies. MBA Sales and Marketing fresher will get an initial pay package of 8.9 lakh on an average and an MBA in System will receive a salary on an average of 8 – 10 lakh.