MBA: Course, Admission 2024, 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:

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

•  
  IIM Bangalore
• IIM Calcutta
• IIM Kozhikode
• IIT Delhi
• IIM Indore
• IIM Lucknow
• Xavier Labour Relations Institute (XLRI)
• IIT Kharagpur
• IIT Bombay

2. Part – Time MBA Course

Many institutes offer normal full-time MBA or PGDM degrees, however not everyone can study management programmes through regular classroom learning style, with programme duration of two years. Part-Time MBA is an excellent option for students to accomplish their MBA dreams.

As a result, numerous MBA institutions in India are now providing part-time MBA courses. Part-Time MBA courses are rapidly expanding in India, and the Best Part Time MBA Degrees in India 2019 are now provided by MDI, IMT, Symbiosis, and NMIMS, among others. Furthermore, Part Time MBA from IIMs has enhanced the notion of completing Part Time MBA Courses. The below mentioned is the list of the colleges that offer Part Time MBA:-

• MDI Gurgaon
• IMT Ghaziabad
• JBIMS Mumbai
• NMIMS Mumbai
• LBISM New Delhi

3. Distance MBA Courses

Below is the list of most preferred colleges for Distance MBA Courses

• Symbiosis Centre For Distance Learning
• Indira Gandhi National Open University
• L.N. Wellingkar Institute of Management
• ICFAI University
• Amity University

4. Online MBA Course

Because of its ease and flexibility, this is now the most common method of MBA education. Lectures are delivered via video conferencing in Online MBA courses, while notes, examinations, and assessments are stored in a Learning Management System (LMS). Because there are no actual courses in Online MBA, one can study in one location while living in another.

There are also no attendance restrictions because the lectures are recorded and preserved in the LMS. In India, there are over 170 Online MBA colleges, the majority of which are private universities. Listed below are the most preferred colleges for online MBA

• AMITY University
• Bangalore University
• Jain University Online
• Annamalai University Online
• ICFAI University
• DY Patil University Online
• Bharathidhasan University Online
• Manipal University Online
• Indira Gandhi Nantional Open University Online
• NMIMS University Online

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

• 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

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

Industry Placement Post-MBA (2023)

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 -

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 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

ROI for MBA Programs

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 -

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.

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.