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 YearsMBA 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: -
Type of Course |
MBA Course Duration |
Full Time MBA Course |
2 Years |
Part Time MBA Course |
2-3 Years |
2-5 Year |
|
2-3 Years |
|
15-19 Months |
|
Integrated MBA Course |
5 Years |
Frequently Asked Questions -
What is the structure of an MBA course??
An MBA course is typically divided into core and elective courses. The first few semesters of the MBA program are dedicated to covering core courses. The completion of the core curriculum may require up to one academic year, depending on the MBA program.
How difficult is an MBA course??
Although an MBA program can be difficult at times, it can also be very beneficial and help you develop your knowledge, leadership abilities, and professional network. It's relatively simple for the typical student to graduate with an MBA.
Which MBA specialization has the best scope??
Among all the MBA specializations, MBA in Finance has proved to be the most sought after course.
Is an MBA worth it for career advancement??
Among the main factors contributing to the popularity of MBA degrees are job security and high salary. Compared to an employee holding a conventional Master's degree, the average salary of an MBA graduate is significantly higher.
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 -
Read in detail about MBA Eligibility.
Particulars
Tier 1 MBA Colleges
Tier 2 MBA Colleges
Tier 3 MBA Colleges
Educational Qualification
Should be greater than 50%
IIMs and IITs require 60% for selection.
50% or more
50% or more
Entrance Exams
CAT, XAT, GMAT
SNAP, NMAT, XAT, TISSNET
MAT, CMAT, and other state level or university level exams
Interview Criteria
GD + WAT + PI
WAT + PI, In some cases only PI is conducted.
Not WAT rounds, colleges conduct their own interview rounds to assess the personality.
Work Experience
Not Mandatory, is required in case of Executive MBA Admission.
Not Mandatory, but required for MBA executives in some colleges.
Not required
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)
Year | Applicants |
---|---|
2018 | 2,40,000 |
2019 | 2,44,000 |
2020 | 2,30,000 |
2021 | 2,50,000 |
2022 | 2,60,000 |
2023 | 2,75,000 |
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:
Frequently Asked Questions -
Some of the platforms that provide Online MBA are Coursera, IGNOU, & Amity University.
The Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, IIT Delhi, XLRI Jamshedpur, IIM Lucknow, and IIM Mumbai.
To apply for an MBA at IIM Ahmedabad, one has to register for CAT, go through the Shortlisting, Personal Interview (PI), & Final Selection at the end.
Depending on one's prior education and experience, there are different ways to prepare for MBA courses. Nonetheless, a general list of books that are recommended reading prior to enrolling in MBA courses is provided below:
Best MBA programs Aspiring students in India who want to enroll in elite business schools eagerly await entrance exams. These MBA entrance exams are a means of gaining admission to nationally recognized MBA programs. Aspiring MBA candidates should plan ahead and study hard for these tests in order to increase their chances of being accepted into prestigious MBA programs in India.
The list of top MBA degree tests, along with the application deadlines for the forthcoming academic year, is provided below and is valid for admission to different B-schools:
The list of top MBA exams, along with the application deadlines for the forthcoming academic year, is provided below and is valid for admission to different B-schools:
States
MBA Admission Process
Delhi
For institutions like IIMs and FMS, candidates usually need to appear for the CAT and then go through a selection process involving group discussions and personal interviews.
Maharashtra
Top MBA programs like those at the Jamnalal Bajaj Institute of Management Studies (JBIMS) often require candidates to take the Common Entrance Test (MAH-CET) conducted by the state government.
Karnataka
Institutions like the Indian Institute of Management Bangalore (IIMB) may consider the Common Admission Test (CAT) scores and follow a selection process similar to the national-level process.
Andhra Pradesh/Telangana
For institutes like the Indian School of Business (ISB), candidates can use CAT/GMAT scores, and the selection process includes essays and interviews.
Tamil Nadu
Top institutions like the Indian Institute of Technology Madras (DoMS IITM) consider CAT scores, followed by group discussions and interviews.
Uttar Pradesh
Institutes like the Indian Institute of Management Lucknow (IIM Lucknow) and Management Development Institute (MDI) Noida typically require CAT scores and conduct interviews.
West Bengal
For institutes like the Indian Institute of Management Calcutta (IIM Calcutta), CAT scores are essential, and they have a rigorous selection process.
Where can I study an MBA online??
Which colleges offer the best MBA courses??
How to apply for MBA at IIM Ahmedabad?
MBA Recommended Books
Book Title
Author(s)
How to Prepare for Verbal Ability and Reading Comprehension for CAT
Arun Sharma and Meenakshi Upadhyay
How to Prepare for Data Interpretation for CAT
Arun Sharma
How to Prepare for Quantitative Aptitude for CAT
Arun Sharma
Quantitative Aptitude for Competitive Examinations
R.S. Aggarwal
A Modern Approach to Verbal & Non-Verbal Reasoning
R.S. Aggarwal
The Pearson Guide to Logical Reasoning and Data Interpretation for the CAT
Nishit K. Sinha
Word Power Made Easy
Norman Lewis
Top MBA Entrance Exams 2024 in India
MBA Entrance Exams
MBA Exam Dates
CAT
24 Nov '24
MAT
Sep '24
CMAT
May '25
XAT
Jan '25
ATMA
Jul '25
MAH CET
Jul '25
TANCET
Mar '25
NMAT
Oct '24
SNAP
Dec '24
MBA Application Deadlines
MBA Entrance Exams
MBA Exam Dates
NMIMS Management Aptitude Test (NMAT)
Oct '24
Symbiosis National Aptitude Test (SNAP)
Dec '24
Xavier Aptitude Test (XAT)
Jan '25
Common Admission Test (CAT)
Nov '24
Management Aptitude Test (MAT)
Sep '24 (Tentative)
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.
State-wise -
University-wise -
Specifications
Details
MBA Government College Fees
INR 20, 000 – INR 1,20,767
MBA Fees in India Private College
INR 3,40,000 – INR 9,60,000
Specifications
Details
MBA Fees in Delhi
INR 2 – INR 22 lakhs
MBA Fees in Mumbai
INR 8 - INR 19.94 lakh
Specifications
Details
MBA Fees in Delhi University
INR 50, 000 – INR 1.9 lakh
MBA Fees in Amity University
INR 2.65 Lacs – INR 3.20 Lacs
MBA Fees in MDU
INR 99.92k
MBA Fees in Chandigarh University
INR 3.20 Lakh – INR 5.56 Lakh
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: -
Name of the MBA Colleges |
MBA Fees |
INR 23,00,000 |
|
INR 22,00,000 |
|
INR 19,00,000 |
|
INR 11,69,700 |
|
INR 9,08,000 |
|
INR 17,16,000 |
|
INR 20,960 |
|
INR 15,00,000 |
|
INR 20,50,000 |
|
INR 7,00,000 |
|
INR 8,10,000 |
|
INR 14,16,000 |
|
INR 5,45,000 |
|
INR 12,70,000 |
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
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 -
Institute | General | OBC | SC | ST |
---|---|---|---|---|
IIM Ahmedabad | 80 | 75 | 70 | 60 |
IIM Bangalore | 85 | 75 | 70 | 65 |
IIM Calcutta | 85 | 75 | 70 | 65 |
FMS Delhi | 97 | 90 | 82 | 75 |
The table below shows the CAT cutoff for MBA admission to IIMs for candidates -
The table below allows candidates to view the CAT cutoff for prestigious non-IIM colleges that offer MBA programs:
IIMs
CAT Cutoff 2023 (Percentile)
IIM Ahmedabad
85
IIM Bangalore
85
IIM Calcutta
85
IIM Lucknow
90
IIM Indore
90
IIM Kozhikode
85
IIM Amritsar
90
IIM Nagpur
85
IIM Sambalpur
93
IIM Trichy
93
IIM Raipur
93
IIM Ranchi
90
IIM Kashipur
94
IIM Vizag
80
IIM Udaipur
93
IIM Bodhgaya
93
IIM Shillong
75
IIM Sirmaur
92
IIM Rohtak
95
IIM Nagpur
85
IIM Jammu
93
CAT Cut Off 2023 for Top MBA Colleges (Non-IIM)
Top MBA Colleges
CAT Cut Offs (percentile)
SOIL (SOIL Institute of Management)
75
FMS, Delhi
98-99
IIFT Delhi
95-99
SPJIMR, Mumbai
95-99
IMT, Ghaziabad
95-99
JBIMS, Mumbai
96
MDI, Gurgaon
97-99
IMI, New Delhi
90
XIM, Bhubaneshwar
91
GIM Goa
85
K J Somaiya, Mumbai
86
TAPMI, Manipal
80
FORE, New Delhi
85
IFMR, Chennai
80
MICA, Ahmedabad
80
LIBA, Chennai
70
XIME, Bangalore
70
MBA Courses List
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: -
MBA Courses List |
MBA Course Duration |
MBA Course Fees |
Who can Study |
Full Time MBA Course |
2 Years |
2-25 Lakh |
Students |
Part Time MBA Course |
2-3 Years |
1-10 Lakh |
Working Professionals |
Distance MBA Course |
2-5 Year |
50k-1 Lakh |
Students/ Working Prof |
Online MBA Course |
2-3 Years |
50K-1.5 Lakh |
Students /Working Prof |
Executive MBA Course |
15-19 Months |
3.5-40 Lakh |
Working Professionals |
Integrated MBA Course |
5 Years |
1.5 – 9 Lakh |
Students (After 12th) |
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 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
International MBA programs for Indian students
In order to pursue MBA programs abroad must deviate slightly from the conventional path. For MBA admission abroad, students must take the Graduate Management Aptitude Test (GMAT), the International English Language Testing System (IELTS), and the Test of English as a Foreign Language (TOEFL). The academic requirements for MBA programs abroad are the same as those for domestic programs: graduation with a 50% aggregate from an accredited university or equivalent.
For the majority of MBA programs offered overseas, three to five years of work experience are necessary. Enrolling in MBA programs overseas can be expensive, with the total cost of the program reaching INR 80 lakh to INR 1 crore. The top destinations for international MBA programs.
Top Universities for MBA Courses in the USA | ||
Massachusetts Institute of Technology | Stanford University | University of Pennsylvania |
Top Universities for MBA Courses in the UK | ||
London Business School | University of Cambridge | University of Oxford |
Top Universities for MBA Courses in Canada | ||
University of Toronto | Western University | Queen's University |
Top Universities for MBA Courses in Germany | ||
Mannheim Business School | WHU - Otto Beisheim School of Management | Frankfurt School of Finance & Management |
Top Universities for MBA Courses in Australia | ||
The University of Melbourne | University of New South Wales | Macquarie University |
Top MBA Specializations for Career Growth
Candidates may choose to pursue an MBA with a specialization in a particular field in addition to the standard MBA courses. Applicants can choose from a wide range of Types of MBA specializations and which one to choose. It is advised that all candidates for MBA programs select a branch or area of specialization, as this provides them with the necessary training for specialized fields like marketing, sales, operations, finance, and human resources, to mention a few -
MBA Specializations List
Here are the MBA subjects that are provided at different institutions and universities in India. The MBA curriculum includes the MBA subjects that are primarily required to work in managerial jobs. The following is the list -
- MBA in Digital Marketing
- MBA in Business Analytics
- MBA in Data Analytics
- MBA in Entrepreneurship
- MBA in Finance
- MBA in Strategy
- MBA in International Business
- MBA in Human Resource Management
- MBA in Risk Management
- MBA in Operations
Following pie-chart shows the Top MBA specializations provides insights into current trends in business education and the job market -
MBA vs PGDM
PGDM and MBA are postgraduate degree programs designed to teach candidates various managerial and entrepreneurial concepts. To gain a better understanding of the key differences between the two courses, refer to the table below, which highlights some of the most significant ones:
Particulars | MBA | PGDM |
Full Form | Master of Business Administration | Post Graduate Diploma in Management |
Qualification | Master's degree offered by central-level universities | Postgraduate diplomas offered by autonomous institutes, or B-schools. |
Affiliation | Universities offer these programs, which are subject to the regulations and approval of the relevant institution and higher education authorities. | Autonomous institutes offer PGDM courses certified by agencies such as AICTE, but the curriculum and grading procedures are decided by the institute. |
Curriculum Flexibility | Limited flexibility | Greater flexibility in curriculum designing |
Duration | 2 years | 1 - 2 years |
Admission Criteria | Entrance Exam + Merit | Entrance Exam + Merit |
Global Recognition | MBA degrees are often recognized worldwide | The degree of global recognition varies according to the reputation of the institute that offers the program. |
Watch this to gain more perspective on MBA v/s PGDM -
Online MBA Courses with No entrance exam
Online MBA courses are growing in popularity every day because of their flexibility and convenience. Lectures in an online MBA program are given via video conference, and assessments, tests, and notes are shared through an LMS. Since there are no on-site classes, one can enroll in online MBA courses while living in a different city. Additionally, it enables candidates to advance their careers by allowing them to learn and work at their own pace. Some of the platforms that provide Online MBA are Coursera, IGNOU, Amity University and more. Students interested in challenging online MBA courses can review the table below, which lists some of them:
Online MBA Courses | Course Provider | Fees (in INR) |
Introduction to Fundamentals of MBA | Amity University | Free |
Master of Business Administration | IU International University | INR 4,70,916 |
Mini MBA in Marketing | Taxila Business School | Free |
MBA Scholarships for Students
There are a number of colleges that offer scholarships for the course of MBA. Furthermore, the MBA scholarships are awarded on various bases. It can involve merit based, on the basis of the need of the student or category.
The scholarships are generally awarded to support the candidates who hail from financially weak backgrounds. The authority that sets the minimum grade point for the scholarships is the Financial Aid and Awards Committee of the respective institute. Moreover, the detailed information about MBA scholarships as per different colleges is mentioned in the table below:-
Name of the college |
Name of the scholarship |
IIM Ahmedabad |
IIMA Special Need-Based Scholarships SC/ST Scholarships |
IIM Bangalore |
|
IIM Kozhikode |
|
IIM Calcutta |
Scholarships sponsored by companies such as Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, OP Jindal Engineering & Management Scholarship |
IIM Lucknow |
Need-Based IIML Scholarships |
IIM Indore |
Need-Based Financial Assistance |
XLRI-Xavier School of 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)
Industry | Placement Percentage |
---|---|
Consulting | 40% |
Finance | 25% |
Technology | 20% |
Marketing | 10% |
Others | 5% |
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 -
MBA Profile |
MBA Salary |
Supply Chain Manager |
INR 3,42,752 LPA – INR 11,98,483 LPA |
Operations Manager |
INR 3,71,015 LPA – INR 9,97,945 LPA |
HR Manager |
INR 3, 69, 454 LPA – INR 10, 14, 633 LPA |
Marketing Manager |
INR 4, 13, 682 LPA – INR 9, 13, 232 LPA |
General Manager |
INR 6,00,000 LPA – INR 26,16,370 LPA |
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 Specializations |
Average Salary |
Salary Range |
MBA in Marketing |
INR 7,82,000 |
7L-25L |
INR 5,50,000 |
5L-25L |
|
MBA in Finance |
INR 7,30,000 |
7L-22L |
INR 5,20,000 |
5L-8L |
|
MBA in Business Analytics |
INR 5,40,000 |
5L-18L |
MBA in Entrepreneurship |
INR 5,50,000 |
5L-20L |
MBA in Operations |
INR 7,60,000 |
5L-10L |
MBA in IT |
INR 5,77,000 |
5L-12L |
INR 6,00,000 |
2L-18L |
|
MBA in Healthcare |
INR 6,00,000 |
5L-12L |
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
Region | Average Salary (INR) |
---|---|
US MBA Programs | ₹87,15,000 |
UK MBA Programs | ₹87,55,000 |
Indian MBA Programs | ₹25,00,000 |
Singapore MBA Programs | ₹74,40,000 |
ROI for MBA Programs
Program | ROI (years) |
---|---|
IIM Ahmedabad | 2.5 |
IIM Bangalore | 3 |
Harvard Business School | 4 |
INSEAD | 2 |
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 -
Sector | Placement Percentage |
---|---|
Technology | 35% |
Consulting | 30% |
Finance | 20% |
Healthcare | 10% |
Others | 5% |
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 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 -
Raghuram Rajan
N. R. Narayana Murthy
Sanjay Bakshi
K. Radhakrishnan
Ajit Gulabchand
Suresh Narayanan
Kiran Bedi
Raghav Bahl
S.No.
Name of the MBA College
Alumni Network
Profession
1.
IIM Ahmedabad
Former chief economist at the International Monetary Fund (IMF) and governor of the Reserve Bank of India.
Co-founder of Infosys
2.
IIM Bangalore
Finance Educator and Investor
Former ISRO Chairman
3.
Indian School of Business (ISB)
Chairman and Managing Director of Hindustan Construction Company (HCC)
4.
XLRI Jamshedpur
Chairman and Managing Director of Nestlé India
5.
Faculty of Management Studies (FMS), Delhi University
First woman Indian Police Service officer and social activist
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 -
Aditi Bhutoria
Abhipsa Pal
Promila Agarwal
Saravanan A
Dr A Kanagaraj
Dr. Pritam Singh
Sunita Singh Sengupta
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
M.Sc. in Economics from the London School of Economics and Political Science.
Ph.D, Information Systems, Indian Institute of Management Bangalore
2.
IIM Ahmedabad
100+ full-time faculty members
Ph.D, Faculty of Management Studies, University of Delhi, New Delhi
Ph.D., International Investment Law, Indian Institute of Technology, Kharagpur
3.
XLRI Jamshedpur
60+ faculty members
Ph.D in Finance
4.
SPJIMR
40+ full-time faculty members
Former Director and thought leader in management education
5.
FMS Delhi University
30+ faculty members
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.
College
Student Life
Facilities
Extracurricular Activities
IIM Lucknow (IIML)
A focus on leadership development with an emphasis on peer learning and teamwork.
A thorough curriculum that incorporates both theoretical and practical applications.
Annual Fest: "Aavhan," featuring management competitions and cultural performances.
IIM Ahmedabad (IIMA)
Students with different educational backgrounds, encouraging insightful conversations and teamwork.
Case studies and hands-on learning are prioritized in an extensive curriculum.
Annual Event: "Chaos," a renowned management and cultural event that draws attendees from all over the nation.
IIM Bangalore (IIMB)
Diverse student body with an emphasis on innovation and entrepreneurship characterizes the vibrant campus culture.
Prioritizing experiential learning and case-based education.
Annual Fest: "Vista," a management fest that attracts participants from various institutions.
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.