MBA: Course, Admission 2025, Fees, Jobs, Salary

An MBA, or Master of Business Administration, is a 2-year post graduate degree focused on business management and administration. It is designed to equip students with the skills and knowledge that students require in leadership roles across industries. This program covers specializations such as finance, marketing, operations, human resources, strategy, and entrepreneurship. MBA can now be pursued in various formats like full-time, part-time, online programs, and executive (for working professionals) catering to different needs and schedules.

All things considered, an MBA gives people the abilities required to succeed in managerial roles and advance organizational success. It provides access to a career that can lead to a wide range of industries and is highly valued by employers globally.

Before going forward, watch this - 

MBA Latest Updates:

• The  CAT exam 2024 is scheduled on 24th Nov, 2024.
• The XAT registration 2025 for the MBA/PGDM courses is open and the last date is 30th Nov, 2024. Candidates can visit and register themselves on the official website. Further, the XAT exam 2025 will be conducted on 5th Jan, 2025.
• NMAT 2024 registration is ongoing for MBA in HR Management for the academic session 2025-27 – the last date to apply is 10th Oct, 2024. Further, NMAT 2024 exam is scheduled from 5th Nov to 20th Dec, 2024.
• The KMAT Karnataka 2024 exam will be conducted in the first week of Nov 2024, tentatively.
• The MBA in HR Management program for the academic year 2025–2027 is now accepting applications for NMAT 2024; the deadline is 10th October, 2024. Also, the NMAT 2024 exam has a date range of 5th November, 2024, to 20th December, 2024.

Fun Fact - 

Gender Diversity in MBA Programs

In the following chart, we have picked four random colleges from all over the world to noticeable variation in the gender breakdown across different MBA programs.

While institutions like IIM Ahmedabad have a significantly higher percentage of male students (70%), others like INSEAD are closer to a balanced gender ratio (52% male, 48% female).

Best features of MBA programs -

The MBA course details are displayed in the table below:

 

Particulars	MBA Courses Details
MBA Full Form	Master of Business Administration
MBA Courses Level	Post Graduation
MBA Courses Types	Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA
MBA Courses Fees	INR 2 Lakh - INR 27 Lakh and above
MBA Courses Eligibility Criteria	Undergraduate Degree Program
MBA Courses Duration	Full-time MBA: 2 years Online MBA Course Duration: 2 Years Executive MBA: 1 - 1.5 year  Integrated MBA: 5 years  Distance MBA Course Duration: 1-4 Years
MBA Courses Admission Process	Entrance Exam + Group Discussion + Personal Interview
MBA Courses Top Entrance Exams	CAT, CMAT, XAT, MAH MBA CET, etc.
MBA Courses Top Colleges	IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, etc.
MBA Courses Top Specializations	Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics
MBA Top Job Profiles	Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, etc.
MBA Average Salary	INR 5 LPA - INR 25 LPA
MBA Top Recruiters	Boston Consulting Group, McKinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe

What is the MBA Course Duration?

The course duration of MBA varies from 2-5 years. The duration of the programme differs on the basis of the type of the course. Further, the more detail about the MBA course duration and curriculum explained in the table below: -

MBA Eligibility Criteria

The candidates who are interested in pursuing the course of MBA should make sure that they are eligible enough as per the criteria. The MBA Eligibility criteria can be found below: -

• One must have secured a minimum of 50% in their graduation.
• Students must pass an entrance exam such as the CAT, XAT, or GMAT.

MBA courses are postgraduate programs and hence require graduation as a mandate. But there is more to the eligibility criteria that one should know because the eligibility criteria differ according to the type of MBA course, and the colleges offering MBA courses.

The below table highlights the different facets of eligibility criteria one needs to know before taking admission into tier 1, tier 2 and tier 3 MBA colleges -

MBA Admission Requirements

All MBA Colleges normally require entrance exams for admission. One of the following test formats may be used for MBA courses:

• National examinations, such as the CAT, MAT, CMAT, or ATMA, administered on behalf of the other participating colleges by a premier national B-school or an apex testing body.

• Institution-level test for admission to its own MBA program. State-level tests administered by a state-level testing body or a premier state.
• B-school on behalf of the other participating colleges in that state, such as MAH-CET, OJEE, KMAT, TANCET, or APICET. These results may occasionally be accepted as a prerequisite by other B-schools as well, such as XAT, NMAT, SNAP, and IBSAT.
• A university-conducted exam for enrollment in MBA programs offered by its affiliated colleges, such as KIITEE, LUMET, and HPU MAT.

MBA Applications at IIMs - Trend Over the Years

The data shows a general upward trend in the number of applicants over the six-year period, increasing from 2,40,000 in 2018 to 2,75,000 in 2023. This indicates a growing interest in MBA programs. Let's look at the data in the following chart and tables -

MBA Applications at IIMs (2018-2023)

How to apply for MBA -

Direct MBA Admission Process Without Entrance Exam

While the majority of MBA programs in India require admission through entrance exams such as the CAT, MAT, XAT, or GMAT, some universities also offer direct admission or management quota admission for specific seats.

Direct MBA Admission Eligibility Criteria -

In addition to filling out the application form, candidates must submit all required supporting documentation, including work experience certificates (if applicable), academic transcripts and certificates, and any other documents the school may specify.

State-wise MBA Admission Process

MBA admissions procedures can differ state by state, but they often follow a similar format. Below is a summary of the MBA admissions process by state:

 

States	MBA Admission Process
Delhi	For institutions like IIMs and FMS, candidates usually need to appear for the CAT and then go through a selection process involving group discussions and personal interviews.
Maharashtra	Top MBA programs like those at the Jamnalal Bajaj Institute of Management Studies (JBIMS) often require candidates to take the Common Entrance Test (MAH-CET) conducted by the state government.
Karnataka	Institutions like the Indian Institute of Management Bangalore (IIMB) may consider the Common Admission Test (CAT) scores and follow a selection process similar to the national-level process.
Andhra Pradesh/Telangana	For institutes like the Indian School of Business (ISB), candidates can use CAT/GMAT scores, and the selection process includes essays and interviews.
Tamil Nadu	Top institutions like the Indian Institute of Technology Madras (DoMS IITM) consider CAT scores, followed by group discussions and interviews.
Uttar Pradesh	Institutes like the Indian Institute of Management Lucknow (IIM Lucknow) and Management Development Institute (MDI) Noida typically require CAT scores and conduct interviews.
West Bengal	For institutes like the Indian Institute of Management Calcutta (IIM Calcutta), CAT scores are essential, and they have a rigorous selection process.

 

Frequently Asked Questions -

Where can I study an MBA online??

Some of the platforms that provide Online MBA are Coursera, IGNOU, & Amity University.

Which colleges offer the best MBA courses??

The Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, IIT Delhi, XLRI Jamshedpur, IIM Lucknow, and IIM Mumbai.

How to apply for MBA at IIM Ahmedabad?

To apply for an MBA at IIM Ahmedabad, one has to register for CAT, go through the Shortlisting, Personal Interview (PI), & Final Selection at the end.

MBA Recommended Books

Depending on one's prior education and experience, there are different ways to prepare for MBA courses. Nonetheless, a general list of books that are recommended reading prior to enrolling in MBA courses is provided below:

 

Book Title	Author(s)
How to Prepare for Verbal Ability and Reading Comprehension for CAT	Arun Sharma and Meenakshi Upadhyay
How to Prepare for Data Interpretation for CAT	Arun Sharma
How to Prepare for Quantitative Aptitude for CAT	Arun Sharma
Quantitative Aptitude for Competitive Examinations	R.S. Aggarwal
A Modern Approach to Verbal & Non-Verbal Reasoning	R.S. Aggarwal
The Pearson Guide to Logical Reasoning and Data Interpretation for the CAT	Nishit K. Sinha
Word Power Made Easy	Norman Lewis

Top MBA Entrance Exams 2024 in India

Best MBA programs Aspiring students in India who want to enroll in elite business schools eagerly await entrance exams. These MBA entrance exams are a means of gaining admission to nationally recognized MBA programs. Aspiring MBA candidates should plan ahead and study hard for these tests in order to increase their chances of being accepted into prestigious MBA programs in India.

 

The list of top MBA degree tests, along with the application deadlines for the forthcoming academic year, is provided below and is valid for admission to different B-schools:

 

MBA Entrance Exams	MBA Exam Dates
CAT	24 Nov '24
MAT	Sep '24
CMAT	May '25
XAT	Jan '25
ATMA	Jul '25
MAH CET	Jul '25
TANCET	Mar '25
NMAT	Oct '24
SNAP	Dec '24

MBA Application Deadlines

The list of top MBA exams, along with the application deadlines for the forthcoming academic year, is provided below and is valid for admission to different B-schools:

 

MBA Entrance Exams	MBA Exam Dates
NMIMS Management Aptitude Test (NMAT)	Oct '24
Symbiosis National Aptitude Test (SNAP)	Dec '24
Xavier Aptitude Test (XAT)	Jan '25
Common Admission Test (CAT)	Nov '24
Management Aptitude Test (MAT)	Sep '24 (Tentative)

MBA Tuition fees

The MBA Fees ranges from IINR 20, 000 – INR 40 Lakhs. The MBA fee structure of varies on the basis of the institute as well as the type of the programme. Moreover, MBA Program Fees in Government College average around INR 20, 000 – INR 1,20,767. The fee in the government colleges is less as compared to the private institutes. The MBA fees in Private Colleges vary from INR 3,40,000 – INR 9,60,000.

Tier 1 MBA Colleges in India Fees - 

There are several colleges in India that offer the MBA Course. The Top Tier 1 MBA Colleges in India are listed in the table below: -

Read more about -

MBA Fees
MBA Colleges in India

MBA fees less than INR 10 lakh

The following universities whose MBA tuition is under INR 10 lakh:

B-School	Course Name	Fees
IIT Delhi - Department of Management Studies	MBA Telecommunication Systems Management	INR 8.080 lakh
IIT Bombay - Shailesh J. Mehta School of Management	MBA	INR 8.32 lakh
NITIE-Mumbai	PGD Industrial Safety and Environmental Management	INR 8.50 lakh
IIT Kharagpur-Vinod Gupta School of Management	MBA	INR 9.30 lakh
BITS-Pilani	MBA	INR 9.26 Lakh
IIT Roorkee	MBA	INR 6.23 lakh
IIT Delhi - Department of Management Studies	MBA	INR 8.80 lakh

MBA Cutoff 2024

MBA cutoffs can change from year to year based on various factors, so it's crucial to rely on the most recent and official information from the respective institutions. Candidates can check the MBA cutoff 2023 for CAT and MAH MBA CET in the tables given below -

CAT Cutoff for MBA IIM Admission -

There may be variations in the CAT cutoff percentile for MBA admission to different IIMs from year to year. The lowest percentile a candidate must achieve on the CAT to advance to the next round of the selection process, which usually consists of personal interviews (PI), written ability tests (WAT), and group discussions (GD).

The below data shows the CAT Percentile Cutoff for Top MBA Institutes (2023) -

CAT Percentile Cutoff for Top MBA Institutes -

The table below shows the CAT cutoff for MBA admission to IIMs for candidates -

There are majorly 6 types of MBA courses, ie, Full time, Part Time, Distance, Online, Executive, and Integrated. The candidates can pursue the courses as per their comfort. To know in detail about all the courses, kindly refer to the table below: -

1. Full Time MBA Course

A full-time MBA (Master of Business Administration) degree is a general management degree that aims to provide students with a deep understanding of how businesses run and how business executives rise to meet ever-changing conditions and problems.

Regardless of where a student studies, the core (mandatory aspects) of an MBA programme will nearly always contain courses in finance, marketing, strategy, human resources, and operations management. Moreover, the colleges offering Full Time MBA Course is mentioned below: -

• IIM Ahmedabad

• 
• 

   

   

  5. Executive MBA Course

  This programme is solely for working professionals with more than five years of experience. The curriculum is identical to that of a Full-Time MBA course, however it is shorter in duration (15 to 19 months). Executive MBA courses are costly, and some employers offer applicant sponsorship. Listed below are the Top 10 Colleges for Executive MBA Courses

  • Indian Institute Of Management Ahmedabad
  • Indian School of Business
  • Indian Institute of Management, Bangalore
  • IIM Calcutta
  • Xavier School of Management, Jamshedpur
  • IIM Lucknow
  • Faculty of Management Studies
  • IIM Kozhikode
  • IIM Indore
  • Indian Institute of Foreign Trade

  6. Integrated MBA Course

  The Integrated MBA course, also known as the IPM (Integrated Programme in Management), is a five-year curriculum that integrates undergraduate (BBA) and postgraduate (MBA) studies (MBA). It is one of the most sought-after programmes in which students may enter immediately after graduating from high school. The below mentioned is the list of the best colleges offering Integrated MBA course: -

  • Indian Institute of Management, Ranchi (IIM Ranchi)
  • Indian Institute of Management, Jammu (IIM Jammu)
  • Indian Institute of Management, Bodh Gaya (IIM Bodh Gaya)
  • Indian Institute of Management, Rohtak (IIM Rohtak)
  • Indian Institute of Management, Indore (IIM Indore)
  • Xavier University
  • Narsee Monjee Institute of Management (NMIMS)
  • Nirma University Institute of Management
  • SRM Institute of Science and Technology
  • NIIT University

  MBA Colleges Application Process: Step by Step Guide

  MBA Colleges Application Process: Step by Step Guide
  • Know your MBA entrance exam Application starting date and Deadlines.
  • Go to the official college website or the entrance exam page and fill the application form.
  • Sign up for the MBA Entrance Exams.
  • Double check and submit your applications.
  • Repeat the same process to apply for other colleges offering a MBA course.

  MBA Courses After 12th

  While MBA courses typically require a bachelor's degree for admission, there are some integrated programs that allow students to pursue an MBA directly after completing their 12th grade. Here is a list of integrated MBA courses that can be pursued after 12th:

  • Integrated MBA in Business Administration
  • Integrated MBA in Finance
  • Integrated MBA in Marketing
  • Integrated MBA in Human Resource Management
  • Integrated MBA in Operations Management
  • Integrated MBA in International Business
  • Integrated MBA in Entrepreneurship
  • Integrated MBA in Information Technology
  • Integrated MBA in Supply Chain Management
  • Integrated MBA in Healthcare Management
  • Integrated MBA in Hospitality and Tourism Management
  • Integrated MBA in Retail Management
  • Integrated MBA in Communication Management
  • Integrated MBA in Sports Management
  • Integrated MBA in Agribusiness Management
  MBA Courses Abroad for Indian Students

  International MBA programs for Indian students

  In order to pursue MBA programs abroad must deviate slightly from the conventional path. For MBA admission abroad, students must take the Graduate Management Aptitude Test (GMAT), the International English Language Testing System (IELTS), and the Test of English as a Foreign Language (TOEFL). The academic requirements for MBA programs abroad are the same as those for domestic programs: graduation with a 50% aggregate from an accredited university or equivalent.

  For the majority of MBA programs offered overseas, three to five years of work experience are necessary. Enrolling in MBA programs overseas can be expensive, with the total cost of the program reaching INR 80 lakh to INR 1 crore. The top destinations for international MBA programs.

  Top Universities for MBA Courses in the USA
  Massachusetts Institute of Technology	Stanford University	University of Pennsylvania
  Top Universities for MBA Courses in the UK
  London Business School	University of Cambridge	University of Oxford
  Top Universities for MBA Courses in Canada
  University of Toronto	Western University	Queen's University
  Top Universities for MBA Courses in Germany
  Mannheim Business School	WHU - Otto Beisheim School of Management	Frankfurt School of Finance & Management
  Top Universities for MBA Courses in Australia
  The University of Melbourne	University of New South Wales	Macquarie University

  MBA Scholarships
  There are a number of colleges that offer scholarships for the course of MBA. Furthermore, the MBA scholarships are awarded on various bases. It can involve merit based, on the basis of the need of the student or category. 
  The scholarships are generally awarded to support the candidates who hail from financially weak backgrounds. The authority that sets the minimum grade point for the scholarships is the Financial Aid and Awards Committee of the respective institute. Moreover, the detailed information about MBA scholarships as per different colleges is mentioned in the table below:-

  Top MBA Specializations for Career Growth

  Candidates may choose to pursue an MBA with a specialization in a particular field in addition to the standard MBA courses. Applicants can choose from a wide range of Types of MBA specializations and which one to choose. It is advised that all candidates for MBA programs select a branch or area of specialization, as this provides them with the necessary training for specialized fields like marketing, sales, operations, finance, and human resources, to mention a few -

   

  

   

  MBA Specializations List

  Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list -

  1. MBA in Digital Marketing
  2. MBA in Business Analytics
  3. MBA in Data Analytics
  4. MBA in Entrepreneurship
  5. MBA in Finance
  6. MBA in Strategy
  7. MBA in International Business
  8. MBA in Human Resource Management
  9. MBA in Risk Management
  10. MBA in Operations

  MBA Specializations List

  Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list -

   

  MBA in Digital Marketing

  MBA in Business Analytics

  MBA in Data Analytics

  MBA in Entrepreneurship

  MBA in Finance

  MBA in Strategy

  MBA in International Business

  MBA in Human Resource Management

  MBA in Risk Management

  MBA in Operations

  MBA Specializations List

  Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list -

   

  MBA in Digital Marketing

  MBA in Business Analytics

  MBA in Data Analytics

  MBA in Entrepreneurship

  MBA in Finance

  MBA in Strategy

  MBA in International Business

  MBA in Human Resource Management

  MBA in Risk Management

  MBA in Operations

  Following pie-chart shows the Top MBA specializations provides insights into current trends in business education and the job market -

  

  Top MBA Specializations (2023)
  Specialization	Popularity Percentage
  Marketing	30%
  Finance	25%
  HR	20%
  Operations	15%
  Business Analytics	10%

  Read more about MBA Specializations here - Which MBA Specialization is Best Paid in India 2024

  MBA vs PGDM

  PGDM and MBA are postgraduate degree programs designed to teach candidates various managerial and entrepreneurial concepts. To gain a better understanding of the key differences between the two courses, refer to the table below, which highlights some of the most significant ones:

  Particulars	MBA	PGDM
  Full Form	Master of Business Administration	Post Graduate Diploma in Management
  Qualification	Master's degree offered by central-level universities	Postgraduate diplomas offered by autonomous institutes, or B-schools.
  Affiliation	Universities offer these programs, which are subject to the regulations and approval of the relevant institution and higher education authorities.	Autonomous institutes offer PGDM courses certified by agencies such as AICTE, but the curriculum and grading procedures are decided by the institute.
  Curriculum Flexibility	Limited flexibility	Greater flexibility in curriculum designing
  Duration	2 years	1 - 2 years
  Admission Criteria	Entrance Exam + Merit	Entrance Exam + Merit
  Global Recognition	MBA degrees are often recognized worldwide	The degree of global recognition varies according to the reputation of the institute that offers the program.

  Online MBA Courses

  Watch this to gain more perspective on MBA v/s PGDM -

  

   

  Online MBA Courses with No entrance exam

  Online MBA courses are growing in popularity every day because of their flexibility and convenience. Lectures in an online MBA program are given via video conference, and assessments, tests, and notes are shared through an LMS. Since there are no on-site classes, one can enroll in online MBA courses while living in a different city. Additionally, it enables candidates to advance their careers by allowing them to learn and work at their own pace. Some of the platforms that provide Online MBA are Coursera, IGNOU, Amity University and more. Students interested in challenging online MBA courses can review the table below, which lists some of them:

  Online MBA Courses	Course Provider	Fees (in INR)
  Introduction to Fundamentals of MBA	Amity University	Free
  Master of Business Administration	IU International University	INR 4,70,916
  Mini MBA in Marketing	Taxila Business School	Free

   

  

   

  Read in detail about Online MBA

  MBA Scholarships for Students

  There are a number of colleges that offer scholarships for the course of MBA. Furthermore, the MBA scholarships are awarded on various bases. It can involve merit based, on the basis of the need of the student or category. 

  The scholarships are generally awarded to support the candidates who hail from financially weak backgrounds. The authority that sets the minimum grade point for the scholarships is the Financial Aid and Awards Committee of the respective institute. Moreover, the detailed information about MBA scholarships as per different colleges is mentioned in the table below:-

  Name of the college	Name of the scholarship
  IIM Ahmedabad	IIMA Special Need-Based Scholarships SC/ST Scholarships
  IIM Bangalore	Aditya Birla Scholarship OPJEMS Scholarship NTPC Scholarship Scheme Employment in Social Sector Scholarship Ministry of Tribal Affairs Scholarship (ST) Ministry of Social Justice and Empowerment Scholarship (SC) Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
  IIM Kozhikode	IIMK Merit Scholarship IIMK Need-Based Financial Assistance (NBFA)
  IIM Calcutta	Scholarships sponsored by companies such as Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, OP Jindal Engineering & Management Scholarship
  IIM Lucknow	Need-Based IIML Scholarships
  IIM Indore	Need-Based Financial Assistance
  XLRI-Xavier School of Management	Aditya Birla Scholarship Mirae Asset Foundation Scholarship  IDFC First Bank OP Jindal Engineering & Management T Thomas

  Career Options after an MBA

  There are various job and career that one can follow depending on their interest after completing their MBA courses. Private equity, investment banking, management consulting and others are few examples of careers that an individual can opt for after their MBA.

  • Banking and Finance

  If you are skilled at security and investment research, portfolio management, and so on, banking and finance might be a good fit for you. MBA graduates can find employment in banks, insurance companies, security firms, and other financial institutions both in India and overseas.

  Bank positions are accessible in both governmental and private institutions. Students must pass the recruitment examinations administered by the different banks in order to work in public sector banks. Students seeking positions in private banks must go through a bank-led selection procedure that includes group discussions, personal interviews, written aptitude tests, and so on.

   

  
  • Investment Banking

  An MBA career in investment banking is in great demand. If you believe you are competent at making financial decisions and know how to generate a successful return on investment, investment banking should be a career option for you. Employees in this sector are responsible for connecting investors with groups in need of financing.

  • Management Consulting

  Management consulting is the ideal employment after an MBA if you are strong at problem solving. Management consulting specialists are responsible for resolving organisational issues.

  You will also be in charge of implementing innovative ideas and problem-solving strategies. Your managerial abilities will come in handy in this career, and you will be able to put what you learned while studying for an MBA to use.

  • Entrepreneurship

  Starting your own firm is the finest job option following an MBA. One of the primary aspirations of many MBA students is to become entrepreneurs. Indeed, being an entrepreneur has become one of the most popular alternatives for MBA graduates.

  MBA courses not only improve your business management abilities but also your creative and imaginative thinking. After earning an MBA, you may use all of these concepts to your own firm and become an entrepreneur.

  • Data Analyst

  As technology advances and the digital world enters the corporate sector, the demand for data analysts has skyrocketed. Data analysts are needed in a variety of areas, including retail, management, e-commerce, finance, and information technology. Several management schools also provide expertise in data analytics, which opens up numerous opportunities for a job following an MBA.

  • Private Equity

  Similar to investment banking, a person's investing abilities and expertise are important in a job profile linked with private equity. Fullerton, Fidelity Investments, Axis Securities, JP Morgan Chase, Kotak Wealth Management, Bajaj, ICIC Prudential Asset Administration, India Bulls Housing Finances and others are among the renowned businesses that provide job after MBA for private equity roles.

  Also Read: Why MBA Grads are Opting for ACCA Course

  MBA Career Services

  MBA is more than simply a course,it refines and rebuilds your complete personality, beginning with improving your interpersonal skills to developing your hidden abilities. Furthermore, you will improve your presenting abilities, encounter real-world business challenges, and acquire a problem-solving approach.

  Both the PGDM and the MBA course provide about the same employment options. As there is no significant difference between the two, both diplomas and degrees qualify you for the same profession after completing a PGDM or MBA. Both courses have nearly identical curriculum. MBA courses are linked with institutions, they follow a rather strict study schedule. However, PGDM programmes at business schools feature a flexible curriculum that is tailored to market trend.

  Also Read: CA Salary In India in 2024

  MBA Graduate Employment Statistics

  The MBA graduate employment statistics for 2023 provide valuable insights into the job market and the preferences of graduates after completing their degrees. Here’s a breakdown of the data:
   
  Industry Placement Post-MBA (2023)
  Industry Placement Percentage
  Consulting 40%
  Finance 25%
  Technology 20%
  Marketing 10%
  Others 5%
  The MBA graduate employment statistics for 2023 provide valuable insights into the job market and the preferences of graduates after completing their degrees. Here’s a breakdown of the data:

  

  Industry Placement Post-MBA (2023)

  Industry	Placement Percentage
  Consulting	40%
  Finance	25%
  Technology	20%
  Marketing	10%
  Others	5%

  This data offers an overview into what jobs are available for recent MBA graduates, taking into account changes in the job market and industry trends. It can act as a guide for prospective MBA candidates, assisting them in comprehending the various career pathways that may become open to them upon graduation.

  Career counseling for MBA students

  Are you wondering what you should do following your MBA? After an MBA, you can take a variety of short-term courses to build competence in a lucrative industry. Here are the top 5 short-term MBA courses list :

  • Financial Risk Management [FRM]
  • Doctor of Business Administration
  • Certified Information Systems Auditor (CISA)
  • Chartered Financial Analyst [CFA]
  • Ph.D. in Management

  MBA Salary in India - Role Based

  The following table shows the salary range offered to different MBA roles -

  MBA Profile	MBA Salary
  Supply Chain Manager	INR 3,42,752 LPA – INR 11,98,483 LPA
  Operations Manager	INR 3,71,015 LPA – INR 9,97,945 LPA
  HR Manager	INR 3, 69, 454 LPA – INR 10, 14, 633 LPA
  Marketing Manager	INR 4, 13, 682 LPA – INR 9, 13, 232 LPA
  General Manager	INR 6,00,000 LPA – INR 26,16,370 LPA

  Also watch - 

   

  

  MBA Salary in India Specialization Wise

  Choosing a specialized field is recommended as it helps a student to gain in-depth knowledge related to the area of specific interest.

  MBA Specializations	Average Salary	Salary Range
  MBA in Marketing	INR 7,82,000	7L-25L
  MBA in Digital Marketing	INR 5,50,000	5L-25L
  MBA in Finance	INR 7,30,000	7L-22L
  MBA in HR	INR 5,20,000	5L-8L
  MBA in Business Analytics	INR 5,40,000	5L-18L
  MBA in Entrepreneurship	INR 5,50,000	5L-20L
  MBA in Operations	INR 7,60,000	5L-10L
  MBA in IT	INR 5,77,000	5L-12L
  MBA in Event Management	INR 6,00,000	2L-18L
  MBA in Healthcare	INR 6,00,000	5L-12L

  MBA Average Salary Post-MBA & ROI

  Here’s a graph showing the average salary post-MBA and the ROI for various MBA programs for the year 2023 - 

  

  Average Salary Post-MBA Table

  Region	Average Salary (INR)
  US MBA Programs	₹87,15,000
  UK MBA Programs	₹87,55,000
  Indian MBA Programs	₹25,00,000
  Singapore MBA Programs	₹74,40,000

  ROI for MBA Programs

  Program	ROI (years)
  IIM Ahmedabad	2.5
  IIM Bangalore	3
  Harvard Business School	4
  INSEAD	2

  MBA Job Placement

  Here is the data for job placement sector-wise for the year 2023 which can help candidates to gain insights as to which specialization are most likely in demand -

  

  Sector	Placement Percentage
  Technology	35%
  Consulting	30%
  Finance	20%
  Healthcare	10%
  Others	5%

  MBA Top Recruiters

  Below mentioned is the list of the top recruiters in MBA:-

  MBA Private Recruiters
  Deloitte	ITC	Tata
  HDFC	Larsen & Toubro	Microland
  ICICI Bank	EXL	Accenture
  JP Morgan Chase & Co.	HSBC	Amazon
  Mahindra	Goldman Sachs	Wipro
  McKinsey & Company	Nestle	Aditya Birla Group
  Reliance	Vodafone	Microsoft

  MBA Government Recruiters
  RBI	Bharat Electronics Limited	IBPS
  Engineering Projects India Limited	IIT Kharagpur	City Union Bank
  Coal India Limited	SBI	Central Bank of India
  NABARD Consultancy Services	National Housing Bank	Bank of Baroda

  MBA Alumni Network

  Alumni networks provide a platform for students to connect with successful professionals across various industries. MBA alumni network benefits aspiring students as they share internship opportunities within their organizations, providing valuable work experience. In the following table, we will find the the top alumnus from top tier MBA Colleges in India - 

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  S.No.	Name of the MBA College	Alumni Network	Profession
  1.	IIM Ahmedabad	Raghuram Rajan	Former chief economist at the International Monetary Fund (IMF) and governor of the Reserve Bank of India.
  		N. R. Narayana Murthy	Co-founder of Infosys
  2.	IIM Bangalore	Sanjay Bakshi	Finance Educator and Investor
  		K. Radhakrishnan	Former ISRO Chairman
  3.	Indian School of Business (ISB)	Ajit Gulabchand	Chairman and Managing Director of Hindustan Construction Company (HCC)
  4.	XLRI Jamshedpur	Suresh Narayanan	Chairman and Managing Director of Nestlé India
  5.	Faculty of Management Studies (FMS), Delhi University	Kiran Bedi	First woman Indian Police Service officer and social activist
  		Raghav Bahl	Founder of Network18 Group

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  These alumni have significantly impacted a variety of industries, including technology, consulting, finance, and social impact. Their accomplishments serve as a testament to the influence and professional options that these esteemed universities can offer.

  Meet MBA Faculty

  Here’s an overview of the MBA faculty profiles and administrative staff in some of India's top MBA colleges, let's know more about it in the following section -

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  S.No.	Name of College	No. of Faculty Members	Names of some of the renowned Faculty members	MBA faculty profiles
  1.	IIM Calcutta	80+ full-time faculty	Aditi Bhutoria	M.Sc. in Economics from the London School of Economics and Political Science.
  			Abhipsa Pal	Ph.D, Information Systems, Indian Institute of Management Bangalore
  2.	IIM Ahmedabad	100+ full-time faculty members	Promila Agarwal	Ph.D, Faculty of Management Studies, University of Delhi, New Delhi
  			Saravanan A	Ph.D., International Investment Law, Indian Institute of Technology, Kharagpur
  3.	XLRI Jamshedpur	60+ faculty members	Dr A Kanagaraj	Ph.D in Finance
  4.	SPJIMR	40+ full-time faculty members	Dr. Pritam Singh	Former Director and thought leader in management education
  5.	FMS Delhi University	30+ faculty members	Sunita Singh Sengupta	Ph.D
  6.	Indian School of Business (ISB)	40 permanent faculty members with additional visiting professors	M. J. Menon	Renowned for work in strategic management

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  MBA Campus Life

  Let's look student life at top MBA colleges in India which includes a wide range of extracurricular activities, and state-of-the-art facilities.

   

  

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  College	Student Life	Facilities	Extracurricular Activities
  IIM Lucknow (IIML)	A focus on leadership development with an emphasis on peer learning and teamwork. A thorough curriculum that incorporates both theoretical and practical applications.	Campus: Well-equipped labs and classrooms designed like amphitheaters with modern infrastructure. Library: This is one of India's biggest management libraries. Hostels: Cozy apartments with all the utilities.	Annual Fest: "Aavhan," featuring management competitions and cultural performances.
  IIM Ahmedabad (IIMA)	Students with different educational backgrounds, encouraging insightful conversations and teamwork. Case studies and hands-on learning are prioritized in an extensive curriculum.	Campus: State-of-the-art facilities, including roomy classrooms and study areas, are part of this contemporary campus. Library: A wealth of information, including a sizable collection of digital materials, books, and journals. Sports Facilities: Students play a variety of sports, such as badminton, basketball, and cricket, to improve your fitness and team spirit.	Annual Event: "Chaos," a renowned management and cultural event that draws attendees from all over the nation.
  IIM Bangalore (IIMB)	Diverse student body with an emphasis on innovation and entrepreneurship characterizes the vibrant campus culture. Prioritizing experiential learning and case-based education.	Campus: State-of-the-art infrastructure with advanced classrooms and collaborative spaces. Library: Comprehensive resources with a focus on digital access and research. Hostels: Well-maintained accommodation with various amenities for student comfort.	Annual Fest: "Vista," a management fest that attracts participants from various institutions.

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  These top MBA colleges in India offer a unique blend of strong facilities, a wide range of extracurricular activities, and rigorous academics that define student life. These educational establishments not only facilitate career advancement but also promote individual growth via extracurricular activities, athletics, and community service, equipping students for forthcoming professional obstacles.