General

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

Eligibility

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

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 - NarseeMonjee 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

Jobs

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

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.

Category General (Male + Female) Ladies (L)
Home University Other than Home University Home University Other than Home University
Open 5 3 2 2
PH 2 - - -
Defence 1 - - -
All India Seats 2
Management Quota 12
Minority 31

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