Degree Course Type 

Masters

Entry Level Qualification 

Graduate

Degree Course Duration 

2 Year

Course Fields 

Management

Degree Course Entrance Exam 

CAT, XAT, CMAT, ATMA

Average Course Fee 

20000 - 1500000

Average Salary Offered 

300000 - 1200000

Course Details 

Type of MBA Programs

The MBA is the world’s most popular graduate management degree. Employers love it and students can’t get enough of it. Thousands of ambitious professionals apply to different types of MBA programs each year.

As a generalist degree, the MBA gives you fundamental management knowledge, meaning you’ll get a holistic view of business across areas like marketing, finance, and accounting, all while developing those vital soft skills and leadership skills.

The most preferred top MBA courses in India relate to the high career growth-oriented management education that not only offers great learning experience but also the courses are designed as per industry requirements, whatever the type or duration of  MBA program. An MBA grooms you to gain expertise in the specialized area of the MBA course while gaining overall good knowledge in other areas. 

In the current scenario and going by the career growth projections, the list of MBA courses in India that are top 10 specializations include:

a. Finance

b. Marketing 

c. Human Resource Management

d. International Business

e. Rural Management

f. Business Analytics

g. Supply Chain

h. Agri-Business Management

i. Family Business and Health Care Management 

Course Highlights 

About Course 

A master of business administration (MBA) is a graduate degree that provides theoretical and practical training for business or investment management. An MBA is designed to help graduates gain a better understanding of general business management functions.

An MBA degree can have a general focus or a specific focus in fields such as Accounting, Finance, Marketing, Operation Management, Information Technology, Sports Management, Sales, and Relationship management. A master of business administration (MBA) is a level up from an undergraduate business degree and generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the CAT, XAT, MAT CMAT, ATMA, and GMAT and be accepted by the program based on its selection criteria.

MBA programs typically include core classes in accounting, management, finance, marketing, and business law. Management training is at the heart of any MBA curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human sides of running a large or small business.

Why Choose Course And Required Skills 

Better Job Prospects

An MBA can help you break through a few glass ceilings on your journey to the top of the corporate ladder. This is one of the most important reasons many people choose an MBA over other postgraduate degrees. 

The range of topics taught in an MBA curriculum can assist you in developing a wide range of qualities that companies need. An MBA graduate from a good university can always have an upper hand with recruiters as they possess intricate critical thinking abilities. A higher salary is also one of the positive outcomes as you climb up the corporate ladder with managerial roles. 

An advanced degree like MBA can always be an asset in any industry. Skills such as business intelligence, negotiation, public speaking, and business analytics always stand out in recruitment drives which are core blocks of this business management degree. For instance, once you join programs such as Executive MBA, you can definitely make it to the leadership roles in your respective domain and organization. Whereas if you are a beginner trying to launch your journey into managerial roles, the standard MBA program can help you attain that.

Career Transformation

A few decades back, it was common for graduates to start and end their careers in one company. Today, you won't see many individuals doing that. The degrees of interest and patience have evolved, as have the dynamics of the business world. In the recent pandemic times, layoffs have become more common, which is why it’s crucial to look out for career change when you anticipate your career graph stalling. And this is where an MBA from a prestigious B school can prove a magnificent asset for you. 

If you have been in an executive software developer role for several years and now wish to take up the role of a project manager or product manager, you can do so through an MBA.

Hence, if you are looking to change the nature of your job or career, an MBA is the way to go ahead.

Improves Personal Branding

Alumni from leading business schools receive tremendous respect in corporate setups.  This is due to the fact that top-ranked B schools have been around for a long time and have established strong brand identities.

The MBA curriculum includes assignments based on Business Model Analysis which enables MBA grads to analyze the stock of information, numbers, and data in order to predict and assuage the threats in the business models. These assignments help students become strategic thinkers to design their own brand and business model.

Many MBA grads have successfully launched their own startups that became billion-dollar unicorns over time. Sage, a software research organization, collated data on billion-dollar startups, including the founder’s educational backgrounds. According to this research, business schools outperform all other competitors. Blue Apron, one of the world's most popular food subscription services, and Cloudflare, a web-based performance, and security platform, are a few unicorn firms that began at business schools. 

Opportunity to Learn Managerial and Entrepreneurial Skills

Apart from the theory covered in lectures, MBA schools have a lot more to offer which can help students learn more intricate skills. Skills such as public speaking, leadership, teamwork, conflict management, and negotiations. This occurs as a result of the many projects, events, and assignments that students will navigate throughout their MBA journey.

Additionally, while pursuing an MBA, there are other options outside of the academic realm to assist you in discovering your entrepreneurial spirit. For example, you will find various student-led clubs on campus, such as finance, consulting, and cultural clubs, which can help you work out your learned managerial or entrepreneurial skills. Besides that, many employers seek applicants who possess qualities such as entrepreneurship and credibility.

Networking Opportunities

Networking and relationship building are pretty important in the corporate world. And an MBA offers a lot of diversity with students coming from various backgrounds and geographies. On-campus social events launch opportunities to develop contacts with alumni and students studying different disciplines. This will allow you to build strong professional relationships.

Apart from that, MBA Programs include group work as a required component of the curriculum. Students will not only learn from their peers, but they will form long-lasting bonds with one another, with the possibility of some of them becoming company founders in the future.

Availability of Distance Learning and Online Courses

Since the COVID-19 pandemic, education has shifted more towards an online mode of education. Nowadays, all colleges and universities operate in an online environment, allowing students to study from the comfort of their own homes. This applies to the MBA programs as well. Distance Learning and Online MBA Programs designed for working professionals allow them to combine work and study, which means they don't miss out on their salary and the opportunity to pursue a full-time program.

The great fact about these programs is that they are accredited. You live in a world where E-learning is given the same respect as on-campus education. In addition to that, fees for online MBA programs are less than the on-campus fees. Hence, to excel in your career, thinking about an MBA is worthwhile.

Eligibility  

The general MBA eligibility criteria is securing a minimum of 50% marks in graduation. Students from any field are eligible for MBA admission, but some colleges such as IIT Kharagpur require students to hold a 4-year bachelor’s degree. MBA has no age limit for students but certain MBA Exams like ATMA require the student to be 21 years of age at the time of exam. 

MBA can be done after completion of 3 or 4-year graduation (depending on the MBA college’s eligibility criteria). Apart from general MBA eligibility criteria; there are additional requirements such as work experience (in case of Executive MBA and MBA Abroad), entrance exam score, and performance in group discussion and personal interview rounds; all of which are subjective and depend on which MBA college a student is aiming for. Under MBA eligibility criteria, there are certain relaxations for reserved category students. Many MBA colleges and entrance exams offer a minimum of 5% relaxation in graduation for SC/ST/PwD/OBC categories.

MBA eligibility in Top MBA Colleges such as IIM Ahmedabad, IIM Bangalore, and IIM Calcutta is securing minimum cut-off score in the CAT Exam. 12^th marks, graduation scores, portfolio, and most importantly performance in group discussion and personal interview (GD/PI) round matters when considering the chances to get MBA Admission in IIMs. Securing more than 80% marks in class 12 and graduation is crucial to getting admission to top MBA colleges.

Entrance Exams Details 

Degree Course Syllabus 

MBA is generally for 2 years. However, some universities offer a 12-month MBA program as well.

​​​​​​​The core and elective subjects taught in MBA are as follows: 

Semester I 

1. Finance for Non-Finance

2. Joy of Management

3. Micro-Economics

4. Business Statistics

5. Marketing and Consumer Behavior

6. Excel Spreadsheet Modeling

7. Organizational Behavior

8. Marketing of Products and Services

Semester II 

1. Costing Products and Services

2. Synthesizing and Analyzing Data using R

3. Managing Operations and Supply Chain

4. Human Resource Management

5. Indian Banking and Financial Markets

6. Indian Economy in the Global Context

7. Managing Stakeholders and Legal Processes

8. Managing Financial Resources

Semester III 

1. Management of Design

2. Business Model and Intellectual Property

3. Leveraging IT for Business

4. Corporate Governance and Social Responsibility

5. Analyzing and Mitigating Risk

6. Applied Business Research

7. Problem-Solving and Consulting Skills

Semester IV 

1. Capstone Simulation

2. Ethics and Indian Ethos

3. Integrated Decision Making

4. Leadership Development

5. Applied Business Research Project

6. Project Management

7. Data Science Using R and Python

Top Colleges 

Course Fees 

MBA fees in India range from INR 20,000 to INR 40 lakh for the two-year full-time program. Take a look at MBA college fees in India range-wise and also know the reason why the MBA fee structure varies from one institute to another.

MBA fees in India for the full-time program range from INR 20,000 to INR 40 lakh. While the fees of MBA programs offered by universities and government colleges are pocket-friendly, the same programs offered by private institutes are expensive.

MBA college fee in India depends on several factors like infrastructure, hostel facility, extra-curricular activities, and pedagogy. For example, if an MBA institute offers an international immersion program wherein the candidates have to visit a foreign university for a semester or a certain duration, the course fee of that institute will be high. On the other hand, if the MBA institute is funded by the government, the fees will be low.

Yes, one of the major reasons behind the low MBA fees of government colleges and universities is financial aid given by the state or the central government to run their academic programs.

MBA aspirants who plan to pursue an MBA course in the upcoming academic session must start searching for the most suitable MBA college for themselves now. 

MBA Fees of IIMs

MBA fees of top B-Schools other than IIMs

MBA fees less than INR 10 lakh

MBA fees less than INR 5 lakh

MBA fees less than Rs 1 lakh

Top Recruiters And Salary 

MBA is one of the most in-demand postgraduate programs in the world. The skillsets offered in this course is required by all business corporation and companies. Adobe, Flipkart, Amazon, BCG, Goldman Sachs, McKinsey & Co, Essar Group, Bain & Company, TAS, and TCS are the top recruiters for MBA graduates from IIMs and other Colleges in India.

Top Recruiters Globally

Top Indian Recruiters

Course Scope And Career Options 

Why Choose an MBA?

According to Global Survey, ‘MBA is the most popular choice for graduate-level study among Indian students.’

1. According to a report by the Times of India, the employability of MBA graduates sits at 54%, which is the highest among different professional courses.

2. There are more than 14k job offers currently on monsterindia.com and more than 58k jobs on naukri.com.

3. The average annual salary of an MBA in India ranges between INR 7 LPA to INR 12 LPA for different specializations.

4. Some of the desirable job positions such as Business Operations Management, Marketing manager, Operations Research Analyst, and Management Analyst are considered ‘hot jobs’ according to the US and World News Report.

​​​​​​​
​​​​​​​Top Careers In MBA

According to AIMS, banking, finance, consulting, marketing, manufacturing and technology are some of the fields that are craving for MBA graduates. When it comes to actual job titles, here is a list of some of the most in-demand jobs:

Marketing Manager- Marketing managers are responsible for organizing and managing marketing campaigns to raise awareness and generate demands for products and services marketed. The average annual salary of a marketing manager is around INR 7.4 LPA.

Finance Manager- Financial managers oversee a company’s financial activities such as managing cash and investment activities, and financial transactions as well as performing data analysis and advising senior managers on profit-maximizing ideas. A financial manager’s average annual salary in India is INR 13 LPA.

Investment Banker- Investment bankers are investment professionals who provide financial advice and direct the investment of money. They lend their services to big organizations, start-ups, and, in some cases, even governments. Their salary ranges between INR 2 LPA to INR 40 LPA with an average annual salary of INR 4.5 LPA.

Chief Technology Officer- The Chief Technology Officer manages the technology team and oversees research and development as well as special projects that need a technical vision of a company. THE CTO looks after the entire IT department and is also responsible for developing, implementing, managing, and evaluating the company’s technological resources. The average annual salary of a CTO is INR 31 LPA.

Information Technology Director- The average annual salary of an Information Technology (IT) Director in India is INR 41 LPA. They are the persons in charge of technology within an organization which means they are responsible for the management of all information technology and computer-related activities in an organisation.

Product Manager- A Product Manager identifies the customer’s needs and wants and works with the engineering and the designing team to bring a product to life. They are responsible for the development of new consumer goods, business technologies, software platforms, etc. that people use in their everyday lives. The average annual salary is around INR 16.3 LPA.

Health Services Manager- Health Services Managers are in high demand as they manage public health programs, scientific research, and pharmaceutical or medical equipment manufacturing. Their basic job is to look after departments and areas such as nursing, finance, patient records, outpatient clinics as well as medical practices. The average annual salary of a Health Services Manager is INR 4.5 LPA in India.

Entrepreneurship Manager- Entrepreneurship managers are also known as business managers who ensure a company’s productivity and efficiency by supervising and leading a company’s operations and employees. On average, the annual salary of an Entrepreneurship Manager is INR 9 LPA.

Human Resource Manager- Human Resource Managers are responsible for recruiting, interviewing, and hiring of new staff. They consult with the top executives on strategic planning and also serve as a link between the management and the employees of an organization. The average annual salary of an HR manager is INR 7 LPA.

Admission Process 

In India, there are a number of colleges or universities that offer affordable MBA courses at reasonable fees. Thus, candidates who wish to pursue an MBA course from India have a number of options with them. But the question is, how to get into a college or university? The MBA admission process follows a common process. Candidates before taking admission must follow the following steps-

1. Choose a B-School

2. Check the MBA Entrance

3. Check Eligibility Criteria

4. Appear for the MBA Course Selection

5. Pay Fee & Take Admission

1. Choose a B-School

In India, a number of colleges are available that offer MBA courses in various specializations. Candidates who wish to take admission will first have to select a B-School of their choice. This may seem easy but most of the toppers have admitted selecting a B-School as one of the most difficult steps in the MBA admission process. Selecting a B-School may depend on certain factors like-

Location of the B-School- Some candidates prefer to take admission to nearby schools to their home. While some let go of the location factor and consider other factors before taking admission. Candidates prefer to take admission to B-Schools that are geographically accessible. Location factors may not affect the institute if reputed in most cases.

Reputation- No doubt that before taking admission to any B-School, candidates look out for how reputed the institute is. This has been the most dominant factor in deciding the B-School. While it is said that the older the B-School, the higher its reputation. However, this can not be generalized. It is also possible that a recently established institute also has a better reputation as compared to the old ones.

Specializations offered- It may happen that the other two factors are fulfilled, but what will a candidate do if the institute to which he is willing to take admission does not offer the MBA course of his/her choice? MBA courses can be divided into two groups i.e. general programmes of management (that aim to offer composite education in the managerial field, more commonly known as regular MBA courses), while the other is a specialized MBA course that aims to offer an MBA degree in any particular segment.

Selection procedure- Some of the B-Schools follow a rigorous selection procedure which becomes difficult to crack for candidates to average ability. There are a plethora of MBA colleges and each has its own selection procedure. However, if we monitor closely, the base setup of the selection procedure is similar for most of them.

Fee structure- The fee factor is vital. Top B-Schools charge a great amount from candidates. While some offer MBA courses at a lower cost. In today’s time when everything is digital, candidates can easily finance their education as it is much simpler and easier than in the past.

Return on investment i.e. placements record etc.,- Once everything is sorted. The big question comes. How are the placements? What will a candidate do about the reputation of the institute if the institute is unable to provide him with a good placement?

2. Check the MBA Entrance

Once the candidates decide which B-School they need to take admission to, the next step would be to check the entrance procedure in that particular B-School. MBA colleges like IIMs, SPJIMR Mumbai, NMIMS Mumbai, IMI New Delhi, FMS Delhi, MDI Gurgaon, etc., admit candidates through common entrance exams like CAT/ MAT/ XAT/ CMAT.​​​​​​​

3. Check Eligibility Criteria

Once the B-School and entrance exams are selected, an important element of the MBA admission process for candidates is to check their own eligibility for getting into the institute. Candidates can opt for a regular full-time MBA distance MBA or part-time MBA course. The basic eligibility criteria of all the B-Schools remain the same for MBA degrees except for a few of them that provide some specialized courses.

Below are the basic eligibility criteria requirements that all candidates are required to check in order to pursue an MBA degree from the B-Schools:

a. All candidates should have a Bachelor’s Degree in any discipline be it science, humanities, commerce, technology, etc., from any recognized Institution or University which is recognized Nationally

b. A minimum of 50 percent is a must for all candidates in their Bachelor’s. SC/ST/EWS candidates are given some leverage in this

c. Those candidates who are in their final year of graduation can also apply for an MBA course in any B-School. They are required to have their final graduation certificate within a time duration as prescribed.

4. Appear for the MBA Course Selection

Fill out the application form, appear for the test after checking the eligibility criteria, and then on the declaration of the result, appear for the selection procedure. Common MBA admission process 2023 for most B-Schools will be

WAT/GD - After clearing MBA entrance exams i.e. Common admission test or any other exam, candidates need to appear for a written ability test or group discussion. In this round, basic business-related topics are asked to assess a candidate’s knowledge.

PI - The personal interview round aims to judge the interpersonal skills of the candidate.

Note - It is not mandatory that all B-Schools follow this common process. Some institutes may just rely on entrance tests and personal rounds to admit candidates to the MBA course. However, top B-Schools like IIM’s, XLRI, FMS Delhi, Symbiosis International Deemed University, Bharti Vidyapeeth Deemed University, Narsee Monjee, etc., follow a set prescribed MBA admission process.

The candidate should know how to crack the GD-PI round to get admission. Most of the B-schools in India will conduct their selection rounds from March to April.

5. Payment of MBA Course Fees & Take Admission

All B-Schools prepare a final list of shortlisted candidates who have qualified for the next rounds. The merit list is generally prepared on the basis of entrance exam scores, the academic profile of the candidate, work experience if any, gender diversity, etc, On final selection, candidates need to appear for the counseling round in which fee payment ensures a fixed seat in the B-School. MBA course fees may vary from college to college. The highest could be from Rs. 16 Lacs to as low as Rs. 10,000 in some colleges.