MBA ie Master of Business Administration is a two-year master’s degree course. MBA provides many career options to students in the field of management. In this, you are taught about the information related to business such as business management, marketing, business skills, etc. If you want to become a businessman, then in MBA courses, you get to learn many qualities to become a better businessman. But for this, you need to know what is MBA and other information related to it.
Admission to MBA Course 2022 is based on MBA Entrance Exam followed by GD/PI round. To apply for an MBA course, students should have more than 50% marks in graduation in any stream from any recognized university. However, many private colleges also provide the facility of doing MBA courses without an entrance exam.
If you have also made up your mind to do an MBA, then today’s post-What is MBA is going to be very useful for you, in which I have shared with you all the important information related to MBA like MBA Subjects, MBA Course details, What is MBA and how old is Mba are shared.
What is MBA
The full form of MBA is ‘Management of Business Administration. It is a 2-year postgraduate course, in which you are taught about Management and Marketing. You must have a minimum of 50% in your graduation to get admission to an MBA.
It is one of the most popular postgraduate programs in India and abroad. This post-graduate program offers a lot of job opportunities in the corporate world mainly at the managerial level. Students of all streams like Science, Commerce, Arts, Maths, etc. can make their career further in this. However, the MBA course is the most popular course after BBA (Bachelor of Business Administration).
A regular MBA is usually a two-year course, divided into 4 semesters. However, some private institutes also offer one year PGDM (Post Graduation Diploma in Management) program. Provides a comprehensive and in-depth education to dentists
MBA Full Form
MBA Full Form is “Master of Business Administration“, and MBA Full Form is “Master of Business Management”. It is a 2-year post-graduate course that students can pursue MBA through various modes including regular, online, and distance education.
After doing an MBA, you can find jobs in many areas, such as planning, strategy, execution, team leadership, interaction with clients, coordination with other departments, work and taking responsibilities, reporting to higher authorities regarding projects, etc.
Now you must have understood what is MBA, now let me tell you about the syllabus and eligibility for MBA.
Qualification for MBA
The qualification or eligibility criteria for MBA may vary slightly in each college but the further mentioned MBA qualification is almost the same.
The student should have graduated in any stream from any recognized university.
The student must have a minimum score of 50% in a Bachelor’s degree, while the minimum score for the reserved category students is 45%.
Final year graduate candidates are also eligible to apply for an MBA course, but for this, they will have to produce proof of completion of graduation degree from the institute within the stipulated period.
how many years is the course MBA
MBA is a two-year professional degree course, in which you are taught about management and marketing-related subjects. However, this 2-year course is divided into 4 semesters of 6-6 months, in which you are made to study related to business.
Types of MBA
Here you are being given information about some programs provided for MBA courses, which you can choose according to your time and ability.
How to take admission in MBA Course?
Admission to MBA is mostly done through All India Entrance Exams, which are as follows:
Out of all these entrance exams, the GMAT and CAT exam are generally valid in all colleges. Based on marks obtained in the MBA entrance examination, students get colleges. The marks obtained in these entrance exams are valid for admission to various colleges.
The application fee for these entrance exams can range from 1500 to 2500 rupees. There are also some private colleges where you can take admitted without giving entrance exams.
The regular MBA course is a two-year program divided into 4 semesters. The Syllabus for General Subjects is further explained to you:
MBA Semester 1 Syllabus:
- Organizational Behavior
- Marketing Management
- Quantitative Methods
- Human Resource Management
- Managerial Economics
- Business Communication
- Financial Accounting
- Information Technology Management
MBA Semester II Syllabus:
- Organization Effectiveness and Change
- Management Accounting
- Management Science
- Operation Management
- Economic Environment of Business
- Marketing Research
- Financial Management
- Management of Information System
MBA Semester III Syllabus:
- Business Ethics & Corporate Social Responsibility
- Strategic Analysis
- Legal Environment of Business
- Elective Course
MBA Semester IV Syllabus:
- Project Study
- International Business Environment
- Strategic Management
- Elective Course
What are the subjects in MBA
Students doing MBA have to choose MBA courses according to their specialization in their second year. Below you are given a list of some top MBA courses, from which you can choose:
- Marketing Management
- Human Resource
- Supply Chain Management
- Health Care Management
- Information Technology (IT)
- Rural Management
- Agribusiness Management
MBA course fee varies from college to university. The fees for MBA courses in government colleges are much less than in private colleges.
The average fee for an MBA course in government colleges ranges from Rs 2 to 20 lakhs.
On the other hand, if we talk about MBA Fees in private colleges, then they can be on an average from 10 lakhs to 30 lakhs.
If you do an MBA course from India’s top IIM (Indian Institute of Management) institutes like Rohtak, Nagpur, Jammu, and Amritsar then their fee is around 10-15 lakhs.
On the other hand, if you clear the entrance exam for MBA, then you get admission to a government college, apart from clearing the entrance exam, your private college also has fewer faces.
Top Colleges in India for MBA
Including the Indian Institute of Management (IIM), there are many best colleges in India from where you can study MBA, out of which the list of some of the top colleges is given below:
- IIM Ahmedabad: Indian Institute of Management
- IIFT New Delhi: Indian Institute of Foreign Trade
- IIM Calcutta: Indian Institute of Management
- ISB Hyderabad: Indian School of Business
- IIM Bangalore: Indian Institute of Management
- SPJIMR Mumbai: SP Jain Institute of Management and Research
- XLRI Jamshedpur: Xavier School of Management
- IIM Indore: Indian Institute of Management
- FMS New Delhi Faculty of Management Studies
- IIM Lucknow: Indian Institute of Management
- MDI Gurgaon: Management Development Institute
- IIM Kozhikode: Indian Institute of Management
How to do an MBA with Distance Learning
MBA Distance Education is a 2-year only Post Graduation Management Course. A distance MBA course is most suitable for students who are unable to do regular MBA courses. Some colleges also offer admission in MBA distance education based on the performance of the students in entrance exams like CAT, MAT, XAT, and ATMA. Whereas many private colleges also provide admission for MBA distance learning courses without entrance exams.
MBA Benefits of doing
There are also many benefits of getting an MBA degree, which you can take advantage of after doing an MBA. So let’s know about those benefits:
- After doing an MBA, if you work in any company, then you get a good salary.
- After getting good experience in the business field, you can start your start-up.
- After completion of the MBA, you can make your career in various fields like- Finance, Consulting, E-Commerce, etc.
- After MBA, by doing a Ph.D., you can also do teaching at a good university.
MBA salary depends on how your performance was during MBA, your qualification and how much knowledge you have acquired as well as from which college you have done MBA and in which company you are employed, in the beginning, your fresher Salary may be below when you do, but your salary increases if you perform well in your work.
Career options after MBA
After doing an MBA, you get many job options, some of which are as follows:
- finance manager
- financial advisor
- IT Manager
- HR Manager
- operations manager
- marketing manager
- business analyst
- business consultant
MBA is a post-graduation degree of two years, which you can do after completion of graduation, its fee depends on the college, in which college you have taken admission, if we talk about the average fee then it is 2 lakh to 20 Lakhs, after completing MBA you get a manager job in the industry.
Hope you now understand about (What is MBA) and complete details of MBA courses like- eligibility for MBA, Fees, Course Duration, and How to apply for colleges that offer MBA.
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How old is MBA?
MBA course is of 2 years, in which there are 4 semesters in 6-6 months.
What is MBA called?
MBA is called “Post Graduate in Business Management.
Which entrance exams have to be given for MBA?
Generally, to do an MBA course in all colleges, you have to give CAT and GMAT Entrance Exams.