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29th Nov 2020

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All About MBA

By: Anjali Hans on July 30, 2018

MBA is an abbreviation used for Master of Business Administration. As the name suggests, it is an academic program of the Postgraduate level, institutionalizing nuanced study of Business related domains in the students' curriculum. This course is an advanced product of BBA, that is, Bachelors of Business Administration.

What is MBA? Know All About MBA

Students get the opportunity of studying various Business fields which include:

  • Finance
  • Accounts
  • Applied Statistics
  • Business Law
  • Business Ethics
  • Entrepreneurship
  • Managerial Economics
  • Management
  • Marketing
  • Business Communication
  • Operations

MBA is a professional degree and the Accreditation bodies ensure the quality of education and consistency when it comes to an MBA degree.  

The MBA course is designed in a perfect manner to prepare individuals for the world of Business. With MBA being such an important degree for business-oriented aspirants, the University/ Institutes assure an amalgamation of theoretical and practical knowledge through a flexible curriculum. The curriculum involves solving case studies, real-world examples of business problems and the students are asked to solve the same. Not only this, a sense of unity is customized in the students by asking them to work in groups. Moreover, the academic institutes leave no stone unturned in promoting their students. Proper on-field exposure, advanced teaching, regular guest lectures from experts and academicians, and high salary placement offers are the goals of institutes these days.

Who can opt MBA?

If you really have an interest in giving your career a Business perspective and you don't know your field of expertise, then you should definitely invest 2 years in pursuing MBA. Individuals who have a Bachelor's degree in any stream are eligible to study MBA from any University, by meeting the institute's eligibility criteria. Moreover, if at present, you are working in any firm or anywhere else after Graduation, and you still wish to go for an MBA, you absolutely can.

But, somehow, if you are aware of your actual and particular interest in Business Administration, then instead of studying MBA as a whole, you could easily opt for a specialized business Master's degree in any related field like Finance, Management or Business Communication. In this way, you will have a much stronger hold over your area of expertise from the very beginning.

Similar Course Types:

  1. PGDM (Postgraduate Diploma in Management)
  2. Executive MBA

To be specific, MBA is a regular, full time, 2 Years Master's Degree while Executive MBA is also a 2 Years Master's degree but it is part-time in nature. The classes are conducted in evenings and sometimes, through online mode.

Benefits of MBA

MBA, as a course, ensures a full personality development, sharpening your administration and technical skills.

  • It gives you recognition and leadership that is not guaranteed by a workplace alone.
  • It teaches you to work in a stressful environment and to tackle situations at work.
  • Specializations and electives are an important part of the MBA curriculum.
  • A number of career opportunities are opened after MBA.

Continuing with the last point of the previous segment, next we come up with the Job and Career Opportunities available after completing MBA.

The scope of an MBA is increasing day-by-day, and this course has become one of the top job oriented professional programs and has been a choice of lakhs of people every year. Through your skills and work experience (if any), you could achieve a job with a managerial designation as well. Companies consider all the aspects while recruiting an MBA degree holder, as Business has a requirement of excellent work.

A few Job Profiles which can be opted for after MBA are enlisted below to help you have a better idea:

  • Brand Manager
  • Accounts Manager
  • Marketing Executive
  • International Business Manager
  • Marketing Executive
  • Business Technical Consultant
  • Business Development Executive
  • Marketing Manager
  • Management Consultant

How to get into Top MBA Colleges?

There are some of the Top MBA Colleges in India which have certain eligibility criteria to admit students. National level entrance exams are conducted every year to test students' aptitude in general skills like Verbal ability, General Knowledge, Logical Reasoning, Essay writing, and Data Interpretation.

The top MBA entrance exams for admissions into IIMs, Symbiosis, IITs, and other B-Schools of the country are:

Salary Packages with MBA in hand:

There is a need for ethical professionals in the field of management and for that, MBA qualified individuals are preferred the most. According to reports from Universities, and students' reviews, it is evident that handsome salary packages are offered by top recruiters in the country. Companies like Google, Microsoft, Goldman and Sachs, Deloitte, etc are some of the top brand names which visit Universities for final recruitments.

The starting salary package begins from INR 2-3 Lakhs and the highest package can be in 7 digits also. Also, it will be apt to point that increment in this sector is prominent which is attained depending on your capabilities.

Top MBA colleges in India:

MBA is one of the prominent courses prevalent, opted by several students. With increasing scope and career opportunities, you can have a great career trajectory with a Postgraduate Business Degree in hand. 

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MBA Study : Scope and stats

emerging as the most
popular MBA destination
MBA aspirants
prefer South India
Average percent of Women
opting for MBA is 18%
higher than men

Know the detailed analysis on MBA Trends in India

Applications Closing Soon for 2020 Batch at:
ICFAI Business School (IBS), Hyderabad
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100 % Case Based Learning

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