Master of Business Administration (MBA) 2024: Admission Process, Entrance Exams

2 Years
Post Graduation
Full Time

MBA (Master of Business Administration) is one of the popular and commonly opted for post graduate level management degree in India, for the graduates seeking to acquire more business skills and increase chances of finding a better job in the corporate. However, India has nearly 5,000 business schools that offer graduate business management programs with day and part time and distance learning MBA programs in all India Council for Technical Education (AICTE) affiliated institutions.

The two-year full-time MBA got more of the student support. The purpose is to offer a thorough insight into the core management specializes such as marketing, finance, human resources, operations and strategy. The curriculum is supposed to have the proper sense of learning as both the theory and practice are covered through case studies, projects, internships and interaction with the experts from various industries. The best Indian MBA business schools like IIM and ISB have gained global fame for their well-designed courses, ‘his eminence’ faculty, prestigious job placements and high remunerations. 

MBA General Highlights 2024

Aspect Details
Duration Typically 1 to 2 years, full-time or part-time options
Specializations Marketing, Finance, Human Resources, Operations, etc.
Admission Criteria Bachelor's degree, entrance exam (e.g., GMAT, GRE), work experience, interview
Curriculum Core courses in management, electives, capstone projects
Learning Format Classroom lectures, case studies, group projects, internships
Global Opportunities Exchange programs, international internships, global campuses

Master of Business Administration [MBA] Admission Process

Step Description
1 Check the eligibility criteria and admission process for the MBA programs at the colleges of your choice.
2 Register for the entrance exams that the colleges you are applying to require.
3 Prepare for the entrance exams and personal interview.
4 Take the entrance exams.
5 If shortlisted, attend the personal interview.
6 Receive your admission offer.
7 Accept your admission offer and pay the required fees.
8 Enroll in the MBA program.

Master of Business Administration [MBA] Eligibility

1. Graduate degree in any discipline: Those who are running for this position must have completed a bachelor degree or any other equivalent qualification from the recognized university, from any discipline. 

2. Minimum percentage criteria: Among the most demanded educational standards, very few institutes settle for a 50% aggregate or more. Crucial B-schools like some too demand 60% of the marks.

3. Entrance test performance: According to their scores in entrance tests such as CAT/XAT/CMAT/MAT, students who get the required cut-off marks of colleges and universities as set by them, are considered to be eligible for admission. 

4. Work experience: Among the top B-schools, it is preferred to have 2-3 years of relevant work experience prior to MBA. Nevertheless, fresh graduates can use the many opportunities and openings to the various MBA programs. 

5. Personal interview: Every institute has its own criteria that needs to be met and in this procedure candidates are evaluated again not only on academic qualities, e.g. communication, analytical skills, leadership skills etc through a personal interview.

MBA Entrance Exams

GMAT (Graduate Management Admission Test): An internationally recognized certification that tested critical thinking, analytical writing, integrated reasoning, quantitative, and verbal skills.

GRE (Graduate Record Examination): Measures verbal reasoning and quantitative reasoning, analytical writing, and critical thinking which are usually required by MBA programs.

CAT (Common Admission Test): The Indian Institutes of Management (IIMs) and other eminent management universities in India conduct entrance examination to test candidates' aptitude in quantitative, verbal, and data interpretation skills.

MAT (Management Aptitude Test): The most widely accepted entrance examination in India is for admission to MBA colleges, which tests the applicant's mathematical, analytical and language skills.

XAT (Xavier Aptitude Test): Conducted by XLRI, Jamshedpur which evaluates student's verbal and logical ability, quantitative aptitude, decision-making skills, and general awareness for the MBA programs.

CMAT (Common Management Admission Test): The national level examination in India for admission to management programs, testing mathematical techniques, logical reasoning, language comprehension and general awareness, among others.

Master of Business Administration [MBA] Syllabus

Syllabus Details
Business Communication Principles and practices of effective business communication, both written and verbal. Students learn how to communicate effectively with different audiences, including clients, employees, and managers.
Managerial Economics Students to the basic concepts of economics, such as demand, supply, and market structures. Students also learn how to apply economic principles to business decision-making.
Financial Accounting Fundamentals of financial accounting, such as the preparation of financial statements and the analysis of financial data.
Cost Accounting Concepts and techniques of cost accounting, such as cost classification, cost allocation, and budgeting.
Quantitative Methods for Business Quantitative methods and tools used in business, such as statistics, mathematics, and operations research.
Marketing Management Principles and practices of marketing management. Students learn how to develop and implement marketing strategies to create and capture customer value.
Human Resource Management Practices of human resource management. Students learn how to recruit, select, train, and manage employees.

Top 10 Government Master of Business Administration [MBA] Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Government Master of Business Administration [MBA] Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
IIM Calcutta Kolkata, West Bengal INR 3,100,000
Department of Management Studies IIT Delhi New Delhi, Delhi NCR INR 1,170,000
IIT Guwahati Guwahati, Assam INR 507,350
ISM Dhanbad - Indian Institute of Technology, Jharkhand Dhanbad, Jharkhand INR 269,700
NIT Surathkal Surathkal, Karnataka INR 155,570
NIT Trichy Tiruchirappalli, Tamil Nadu INR 168,250
NIT Durgapur Durgapur, West Bengal INR 186,100
IIM Ranchi Ranchi, Jharkhand INR 1,593,000
IIT Jodhpur Jodhpur, Rajasthan INR 400,000
National Institute of Industrial Engineering Mumbai, Maharashtra INR 2,048,000

Top 10 Private Master of Business Administration [MBA] Colleges in India with Fee Structure

Tabulated below is the collection of the Top 10 Private Master of Business Administration [MBA] Colleges in India with Fee Structure, including their key features.

Name of the institute Location Fees
Department of Management Studies, Indian Institute of Technology (Indian School of Mines) Dhanbad, Jharkhand INR 190,250
Sir Padampat Singhania University Udaipur, Rajasthan INR 193,000
IIIT Allahabad Allahabad, Uttar Pradesh INR 251,536
University of Petroleum and Energy Studies Dehradun, Uttarakhand INR 850,600
University School of Management Studies, Guru Gobind Singh Indraprastha University New Delhi, Delhi NCR INR 144,000
Bharathidasan Institute of Management Tiruchirappalli, Tamil Nadu INR 825,300
ICFAI Business School Hyderabad, Telangana INR 1,602,000
Harcourt Butler Technological University Kanpur, Uttar Pradesh INR 135,000
PSG Institute of Management Coimbatore, Tamil Nadu --
K J Somaiya Institute of Management Mumbai, Maharashtra INR 1,041,000

MBA Course Placements

Master of Business Administration (MBA) is a two-year postgraduate program that prepares students for careers in business management. I

College Average CTC Placement Package (INR lakhs)
Indian Institute of Management Ahmedabad (IIMA) 33.81
Indian Institute of Management Bangalore (IIMB) 33.82
Indian Institute of Management Calcutta (IIMC) 34.20
Indian Institute of Management Kozhikode (IIMK) 29.85
Indian Institute of Management Indore (IIMI) 25.01
Indian Institute of Management Lucknow (IIML) 26.50
Faculty of Management Studies, University of Delhi (FMS) 32.40
Jamnalal Bajaj Institute of Management Studies (JBIMS) 28.00

MBA Course Jobs and Salary

Specialization Average Salary (INR lakhs per annum)
Marketing 10.5
Sales 11.0
Product 11.5
Operations 12.0
Finance 12.5
Human Resources 13.0
Business Development 13.5
Strategy Consultant 14.0
Investment Banker 14.5
Management Consultant 15.0

Master of Business Administration [MBA] Overview 2024 FAQs

An MBA or Master of Business Administration is a graduate level degree program which is designed to provide students with a broad set of business skills and knowledge and thus allows them to perform competently in managerial roles under different business environments.

The requirements for the admission usually include bachelor's degree from a recognized university, successful performance on entrance tests (for example, GMAT, GRE, CAT) and sometimes the experience in a work place.

Specialization areas differ but frequently encompass Marketing, Finance, Human Resources, Operations Management, Entrepreneurship, Healthcare Management, and others.

The time span for a particular MBA program depends on its format. The schools with full-time programs generally offer one to two years curricula, while part-time or executive MBA programs usually take longer.

The course modules typically consist of main subjects like finance, marketing, operations, strategy and organizational behaviour as well as other elective courses in specific areas.

Copyright 2024, ShikshaLelo. All rights reserved.