New courses are added every day on the educational platforms. While some of them gain popularity, others lose their importance over time. However, one course that has remained favourite despite being taught for more than 100 years, is MBA. With constant syllabus updates to cater to the changing business requirements, MBA is one of the top courses studied worldwide.
MBA Full Form
MBA full form is Master of Business Administration. MBA programs provide students with theoretical and practical training in better understanding the business management functions. The course offers specializations in fields such as finance, accounting, marketing, IT, HR, etc. to students with keen interest in the chosen field.
According to the Cambridge Dictionary, MBA meaning in English is:
noun [ C ]
UK /ˌem.biːˈeɪ/ US /ˌem.biːˈeɪ/
Abbreviation for Master of Business Administration: an advanced degree in business, or a person who has this degree.
MBA Courses List
MBA is a two-year programme that is divided into 4 semesters of six months each. During the course, the students learn various areas of business administration and eventually, specialise in one.
The first year of MBA program focuses on offering a general idea about various aspects of management. Towards the end of the first year, the students are introduced to the specialised areas from which they can choose their area of specialisation. MBA courses list with specializations available in India include:
● MBA in Business Management
● MBA in Finance
● MBA in Information Technology (IT)
● MBA in Business Analytics
● MBA in Marketing Management
● MBA in Human Resource Management
● MBA in Logistics Management
● MBA in Operations Management
● MBA in Health Care Management
● MBA in Event Management
The basic MBA requirements include having a bachelor’s degree with at least 1-2 years of work experience. Having work experience adds weight to your MBA application. While not necessary, having a bachelor’s degree in a related field will help you in choosing your MBA specialisation.
MBA subjects can vary from institute to institute. The curriculum is updated regularly to cover all the latest topics. Some of the important subjects include:
● Business Economics
● Corporate Finance
● Financial Planning
● Strategic Management
● Marketing Management
● Organisational Behaviour
● Integrated Decision Making
MBA Courses Fees
In India, MBA courses fees range from roughly INR 3 lakhs to INR 30 lakhs. The cost of the course depends on the curriculum, infrastructure, facilities, and reputation of the college. Some institutes have a higher fee as they provide 6 months internship training to the students.
The approximate fee structure of MBA program at some of the popular institutes in India is as follows:
● Mangalmay Institutions, Greater Noida – INR 2,60,000
● FMS, Delhi – INR 21,000
● IIM Ahmedabad – INR 23,00,000
● IIT Bombay – INR 8,32,000
● BITS, Pilani – INR 8,00,000
● Christ University, Bangalore – INR 4,20,000
Mangalmay Institutions offers MBA programs that are designed to meet student’s needs. The course is taught using innovative teaching pedagogy that prepares students for a competitive business world. With an excellent placement record, Mangalmay is ranked among the top MBA colleges in India.
MBA Course Details
|Minimum Percentage||50% in Bachelor’s Degree|
|Subject Requirements||Bachelor’s or Honours Degree|
|Fees Structure||INR 3 to 30 Lakhs|
|Average Salary||INR 6 to 7 Lakhs|
|Job Roles||Marketing Manager, HR Manager, Operations Manager, Business Development Manager, Business Analyst (IT), Financial Analyst, SAP Consultant.|
|Top Recruiters||Asian Paints, Castrol, InfoSys Limited, Airtel, ICICI Bank, HCL Technologies Ltd., Google, Wipro Technologies, Genpact, Cognizant, IBM, Techmahindra Ltd etc.|
Aspirants must meet the basic MBA Program Eligibility criteria to get admission in their chosen institution. Some institutes offer admission on merit basis while others have stringent admission processes that the eligible candidates must go through.
Though different institutes have different MBA eligibility criteria, the most common requirement is that the applicants must hold a bachelor’s degree in any related field with a minimum of 50 % of total marks from a recognized university. Besides, students appearing for the final year of their bachelor’s degree can get a provisional admission in the MBA course.
Meeting the criteria only ensures that the aspirants are eligible to appear for the entrance exam that the institute deems mandatory for admission.
MBA Program FAQs
Q1. Can I specialise in more than one field?
Dual Specialization allows students to gain expertise in two different fields. You can do Dual Specialization in the same 2-years course by choosing two specialisation fields.
Q2. Which is the most popular MBA specialisation in India?
MBA specialisation in Finance, Marketing, Entrepreneurship, and Operations are more popular than other fields owing to the lucrative job offers and career scope.
Q3. I have a bachelor’s degree in mathematics. Can I do an MBA?
If you have at least 50% aggregate marks in your bachelor’s degree, you are eligible to do an MBA. Your academic background in mathematics will be helpful if you wish to specialise in data analytics.
Q4. I want to specialise in an unconventional field. What are my options in India?
MBA in Real Estate Management, MBA in Public Policy Management, MBA in Luxury Brand Management, MBA in Rural Management, MBA in NGO Management are unconventional yet popular MBA specializations available in India.
Q5. Are there any MBA scholarships in India ?
MBA scholarships allow students to study for an MBA at a fraction of the cost. There are many institutes that offer scholarships but you will have to meet the eligibility criteria defined by the institute to apply for scholarships.