MBA stands for Master of Business Administration in its complete form. It is one of India’s and the world’s most popular post-graduate programmes. MBA Admissions in 2021 will be based on MBA Entrance Exams, with a GD/PI round following. To apply for an MBA programme, students must have a minimum of 50% in their undergraduate degree from any field. CAT, GMAT, and XAT are some of the most prominent MBA entrance tests. Some of India’s premier MBA colleges, including as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, XLRI, and ISB, accept candidates through these Exams, which are followed by individual GDPI rounds.
Most programmes also provide elective courses and emphases for those interested in pursuing additional education in a certain field, such as accounting, finance, marketing, or human resources. In the United States, MBA programmes typically require forty to sixty credits (sixty to ninety in a quarter system), which is significantly more than the thirty credits (thirty-six to forty-five in a quarter system) required for degrees that cover some of the same material, such as the Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing, and Master of Science in Management.
The MBA is both a professional and a terminal degree. MBA programmes are accredited by organisations that assure uniformity and quality of instruction. Many nations’ business schools offer full-time, part-time, executive (abridged coursework generally taking place on nights or weekends) and remote learning student’s programmes, many of which have specific concentrations. The “Executive MBA,” or EMBA, is a degree programme that is comparable to an MBA but is designed for and aimed towards corporate executives and senior managers who are currently working.
Candidates who want to study an MBA abroad must take a slightly different path than the standard one. For MBA abroad admission, they must take the Graduate Management Aptitude Test (GMAT) as well as the language competence examinations Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS). Academic requirements for MBA programmes in other countries are the same as for domestic programmes, requiring a 50 percent aggregate in graduation or equivalent from a recognised university. Most MBA programmes in other countries demand three to five years of work experience.
MBA course syllabus is more market-oriented, with topics such as business management, marketing, management principles, supply chain management, and operations management, among others. Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, and others are among the top Master of Business Administration recruiters. Finance Manager, Product Manager, Strategy Manager, HR Manager, and other middle management positions are available. Students who have finished an MBA programme may expect to earn between INR 8,00,000 and INR 20,00,000. Top MBA institutions have a track record of excellent placement offers ranging from INR 16,00,000 to INR 27,00,000.