What is MBA?
test abc An MBA or Master of Business Administration is one of the most popular postgraduate degree programs in India. This 2-year long course offers some of the most lucrative jobs and salary packages to students. Graduates from premier colleges like IIMs and IITs can earn an average salary as high as INR 25 lakh per year.
Students completing their graduation in any field are eligible to apply for an MBA program. Only a minimum of 50% is required in a UG degree, while some top colleges ask for 60%. This is the reason why the top MBA colleges in India see more than 3,50,000 students graduating every year.
- September 27: CAT 2020 Form Correction Window Opened. Last date to correct all the details is September 29, 2020. Check Here!
- September 24: SNAP 2020 Application is ongoing. Candidates can apply till November 28, 2020.
- September 14: NMAT 2020 Application Process is ongoing. Last date to apply is November 20, 2020.
- CAT 2020 Registration concluded on September 23, 2020 at 5:00 p.m.
- CAT Exam Pattern has been changed.
- Due to COVID 19, MAT 2020 September session will be conducted in Remote Procters Internet-Based form. MAT 2020 PBT will be conducted on October 23, 2020.
- AICTE has released updated guidelines for MBA Admission Process 2020-21 due to COVID 19.
- XAT 2021 Registration will conclude on November 30, 2020
- COVID 19 Live Updates for GMAT
MBA course can be pursued in Full-Time, Part-Time, Distance Education/Correspondence, and also as Online MBA. However, one must remember that a full-time MBA course holds more value than any other mode.
Some of the best B schools in India offering MBA in full-time mode include IIMs (Indian Institutes of Management), IITs (Indian Institutes of Technology), government colleges like NITIE Mumbai, FMS Delhi, and private colleges like Symbiosis Pune, MDI Gurgaon, and Narsee Monjee Mumbai. One of the main reason to aspire for top MBA colleges is due to its MBA Placements.
Listed below are the top 5 B schools in India on the basis of ranking given to them by NIRF in 2020. Admissions in all the IIMs and IITs in India are done through CAT for the Indian students.
|NIRF Management Ranking 2020||College Name||Average Cost of MBA||Average Salary|
|1||IIM Ahmedabad||INR 23,00,000||INR 25,83,000|
|2||IIM Bangalore||INR 23,15,0000||INR 24,54,000|
|3||IIM Calcutta||INR 27,00,000||INR 27,90,000|
|4||IIM Lucknow||INR 20,00,000||INR 23,25,000|
|5||IIT Kharagpur||INR 10,40,000||INR 18,10,000|
Read more about Best MBA College
*IIT Kharagpur offers MBA courses through its Vinod Gupta School of Management (VGSOM).
The average MBA fees in India can range anywhere from INR 2 lakh to 25 lakh for the entire 2-year duration. This does not depend on the type of college you are opting to pursue the course.
However, in the case of Distance MBA, the fee is indeed a bit low. Some of the best colleges in India for distance MBA are IGNOU New Delhi, Symbiosis Centre for Distance Learning, and Amity University. IGNOU New Delhi charges INR 37,800 for its 2 year MBA course.
MBA admissions in India are done through both merit basis and entrance exams. Some of the top MBA entrance exams in India include CAT, MAT, XAT, CMAT, and NMAT. Many premier colleges accept GMAT for international students. Colleges like ISB Bangalore accept GMAT and GRE for Indian students. Now, all the MBA abroad aspirants can take GMAT Online by applying at mba.com
The top MBA specializations in India include Marketing, Finance, HR, Operations, IT, Foreign Trade, Entrepreneurship, etc. The chart below compares the average salary offered in each of these top MBA specializations.
Overall, the average salary of an MBA in India is around INR 7.5 lakh. However, this varies from college to college. The salary remains around INR 20-28 lakh in Tier 1 colleges, INR 12-18 lakh in Tier 2 colleges, and INR 3-7 lakh in Tier 3 colleges.
Read More: MBA vs PGDM
Graduates of MBA get to work in profiles like Sales Development Manager, Marketing Associate, HR Manager, Analytics Head, etc. MBA jobs are available in almost all the top tech and IT companies and various other firms across different sectors.
An MBA degree is considered globally. Check how doing an MBA Abroad can benefit you.
MBA Course Highlights
|MBA Full Form||Masters in Business Administration|
|MBA Entrance Exams||CAT, MAT, XAT, SNAP, GMAT, NMAT, and others|
|MBA Course Fee||INR 2-30 LPA|
|Types of MBA||Regular MBA, Distance MBA, Online MBA, and Executive MBA.|
|MBA Specializations||MBA Finance, MBA Marketing, MBA International Business, MBA Digital Marketing, MBA Business Analytics, and others.|
|MBA Salary||– Tier 1 Colleges: INR 20- 28 LPA
– Tier 2 Colleges: INR 12-18 LPA
– Tier 3 Colleges: INR 3-7 LPA
|Top Job Areas||Banking, Finance, Telecom, Events, Sports, Branding & Advertising, Digital Marketing, Foreign Trade, Human Resource Management, Marketing, etc.|
|Top Recruiting Companies||Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc|
What is MBA Admission Process?
MBA Admissions in India are mainly conducted through top entrance exams like CAT, MAT, XAT, CMAT and NMAT. Some colleges also consider the score of state level exams and private exams conducted by universities.
- The most important exam for MBA courses in India is CAT, which is conducted in the month of November every year.
- CAT Result is accepted by more than 1200 top MBA colleges in India, including the prestigious IIMs, IITs and other private B schools. Check the latest CAT 2020 Updates.
- Private institutes like NMIMS Mumbai and XLRI Jamshedpur conduct their own entrance exams for MBA admission. Some of these include NMAT, XAT, SNAP, etc.
- For international students, some IIMs consider the score of GMAT and GRE exams.
Alert: MBA Admission 2020 are still going on in many colleges as the exam dates and result dates have been postponed in wake of Covid 19.
How to Apply for MBA course?
Once you appear for the exam and clear the cutoff percentile for that exam as released by the college, you can then apply for admission. Given below are the details of steps involved in your MBA admission Journey.
- Step 1: Apply for entrance exam
- Step 2: Appear for entrance exam
- Step 3: Entrance exam result is declared
- Step 4: Colleges open their admission process
- Step 5: Log in to the official website of the college you choose, fill the form and deposit the application fees.
- Step 6: Colleges release their cutoff and candidates are shortlisted.
- Step 7: If shortlisted, you will get a call from the institute, appear for the internal selection procedure then. This would involve at least 1 of WAT, GD and PI rounds.
- Step 8: If you clear all the rounds and get the final offer letter, deposit the initial fees and register for the programme.
The most important role in MBA admission is played by the internal selection procedure of the MBA colleges. Once you clear the entrance exam and are shortlisted by the college, you will have to go through rounds like WAT, GD, PI. However, not all the colleges conduct all of these rounds.
- IIMs’ Final Selection Process focuses on majorly Written Ability Test (WAT) and Personal Interview (PI). Most of them don’t organize Group Discussion rounds (GD).
- On the other hand, most of the private B schools like SP Jain Mumbai and MDI Gurgaon organize GD rounds.
- Your academic record in Class X, Class XII and Graduation matters a lot when it comes to admission in the top IIMs like IIM Ahmedabad. These are used to compute your final composite score.
Apart from clearing the CAT cutoff or the cutoff for other entrance exams, you also need to meet certain eligibility requirements in order to participate in the final selection process of top MBA colleges in India.
You can click on this link to check every detail about the MBA Admission Process of IIMs, IITs and other private and government MBA colleges in India.
Also Read: MBA Admissions 2020 in Top B Schools
Do I Qualify MBA Eligibility Criteria?
MBA Eligibility criteria might vary from college to college, but the overall gist is the same.
- You need to have completed your graduation or must be in the final year of graduation.
- Your graduation score should be at least 50%. Premier institutes like IIMs and IITs ask for a minimum of 60% marks.
- Students of reserved categories like OBC, SC and ST get 5% relaxation in the percentage asked.
These are the basic requirements for MBA admission in India, but some colleges ask for more, like a work experience.
- XLRI Jamshedpur asks its applicants for 5 Years of work experience, that too in Managerial or Supervisory role.
- Even SP Jain Mumbai (SPJIMR) asks for 5 Years work experience.
- IIT Bombay asks for a mandatory 4 years of graduation course, and not 3.
- For IIT Kharagpur admission, students need to have either completed their 4 years of graduation or should have done a masters in Science, Economics or Commerce.
What are the Top MBA Entrance Exams?
One can appear for national level, state-level, and even for college-specific entrance exams to gain admission into any top MBA colleges in India. However, the competition in the case of the national level exam is considered more than that of a state-level exam.
Mentioned below are some of the top MBA entrance exams that are widely accepted by top management colleges across the country.
|MBA Entrance Exam||Conducting Body||Registration Date (Tentative)||Exam Date (Tentative)||Exam Mode|
|CAT||One of the IIMs||August 7-September 16, 2020||November 29, 2020||Computer-Based Standardized Test|
|XAT||XLRI Jamshedpur||September 12-November 30, 2020||January 3, 2020||Online|
|CMAT||National Testing Agency (NTA)||1st week of November 2020- 2nd Week of December 2020||4th Week of January 2021||Online|
|GMAT||Graduate Management Admission Council (GMAC)||Throughout the Year||Throughout the Year||Computer Based|
|ATMA||Association of Indian Management Schools (AIMS)||Closed (2020)||Done (2020)||Computer Based|
|MAH CET||DTE Maharashtra||3rd week of January-3rd week of February, 2021||3rd week of March 2021||Online|
|TAN CET||Anna University||January 2021||March 2021||Pen and Paper Based|
|SNAP||Symbiosis International (Deemed University)||Second week of August, -Third week of November, 2020||Second Sunday of December, 2020||Computer-based|
|NMAT||Graduate Management Aptitude Test||September 14-November 20, 2020||September 14-December 2, 2020||Online Computer Based Test|
|OPENMAT||IGNOU||June 30, 2020 (Extended)||To Be Announced||Computer Based Test Mode|
How to Prepare for MBA Entrance Exams?
To crack the top MBA entrance exams in India, you just need to focus on the syllabus of the exam. In addition to that, practice many previous year question papers. These 2 steps are enough to help you get through them. Some additional points to take care of are mentioned below.
- First of all, you should be clear whether you need coaching or self-study will be sufficient for you. There is no mandatory rule, choose what suits you best.
- The syllabus of these entrance exams is huge and therefore, it is suggested to break your syllabus down for having ease at learning.
- Make a proper time table in order to ensure that you cover all the topics on time. Time Management is the key in case of entrance exams, both while preparing and giving the exam.
- Specific focus should be given on the sections of Verbal Ability and Reading Comprehension, Logical Reasoning and Data Interpretation and Quantitative Aptitude. As these are the common sections of most MBA entrance exams.
- Last but not the least, one must solve mock papers as possible before the final exam.
|CAT 2020 Mock Test||MAT 2020 Sample Papers||XAT 2021 Practice Papers|
|GMAT 2020 Practice Papers||CMAT 2021 Practice Papers||SNAP 2019 Practice Papers|
Apart from cracking the entrances, one also needs to prepare well for the Group Discussion, WAT and Personal Interview rounds. Continuous self-grooming and general knowledge on what is happening around the world will help to clear these rounds.
Additional work experience of 6 months to 1 year may serve as a brownie point in getting admission to the top MBA colleges in India.
Read in Detail: MBA GD PI Preparation
What Makes a Good MBA Candidate?
Throughout the duration of the MBA programs, students are taught various management-oriented subjects both on-field and off-field to offer skills required to work as a successful manager.
Top MBA Specializations
Students can go for MBA specialization courses as well, from finance, operations, to human resources and marketing, there are plenty available. Specializing in any one field of MBA can help students to get through the specific industries they want such as marketing, sales, to name a few.
Some of the top MBA specializations are described below:
Finance consists of a broad spectrum that consists of management of money, debts, investments, banking, and other similar aspects.
MBA Finance is one of the most pursued specializations in management and business. Finance Management is an important and crucial aspect of any business and requires trained professionals to determine the aspects of funding and investment.
|Average Fees||INR 4-15 Lakhs|
|Average Salary||INR 5-12 Lakhs|
|MBA Finance Colleges in India|
Marketing is one of the most pursued fields that involves creating, delivering, communicating, and exchanging offerings that have value for customers, clients, partners, and society at large. The course MBA Marketing extends skills and learnings required for marketing or sales of a product, brand or company.
This course covers various skills that are needed when it comes to marketing or sales of a particular brand, company or organization. MBA Marketing subjects teach skills like branding, communicating, selling, advertising, and many other problem-solving skills.
|Average Fees||INR 8-15 Lakhs|
|Average Salary||INR 6-15 Lakhs|
|MBA Marketing Colleges in India|
MBA in HR Management
Human Resources is one of the most crucial aspects of any organization or company. Human Resource Management is important since it makes sure that an organization has an adequate number of people with the required skills and knowledge to fulfil the strategic aims of a company.
|Average Fees||INR 12-17 Lakhs|
|Average Salary||INR 5-10 Lakhs|
|MBA in HR Colleges in India|
MBA in Hospitality Management
MBA in Hospitality Management is one of the most paid sectors and an important part of the Indian economy. The course is beneficial to those who wish to secure a reputable job in hotels, restaurants, bars, Cruise, Airlines and other recreational areas.
This program concentrates mainly on marketing and event leadership subjects as they are of prime importance in the study of MBA degree.
|Average Fees||INR 3-4 Lakhs|
|Average Salary||INR 5-8 LPA|
|MBA in Hospitality Management colleges in India|
MBA in Business Analytics
Business Analytics is used by many companies and organizations to data-driven the decision-making process in terms of making good business decisions. It is a study of data through analysis of statistics and operations, the formation and evaluation of predictive models, applications used for optimizing techniques, etc.
The MBA in Business Analytics program covers both the technical and business domains which are needed for dealing with future challenges in technology and data-driven environments.
|Average Fees||INR 3-5 Lakhs|
|Average Salary||INR 4-15 LPA|
|MBA in Business Analytics colleges in India|
MBA in Digital Marketing
MBA Digital Marketing is one of the most famous marketing that encompasses all marketing efforts that use an electronic device or the internet. Nowadays, almost every company and organisation is making use of digital marketing platforms to market their products, services and to increase business opportunities all over the world.
Various online spaces have become effective branding, advertising, and marketing platforms, and simultaneously, the need for specialists and experts in this field is highly required, both in India and Abroad.
|Average Fees||INR 3-5 Lakhs|
|Average Salary||INR 4-8 LPA|
|MBA in Digital Marketing colleges in India|
MBA in International Business
MBA in International Business is a postgraduate management course of 2 years that prepares students to understand the global strategies, trends, and economy and work towards improving the country’s export management.
|Average Fee||INR 5-10 Lakhs|
|Average Starting Salary||INR 8-15 Lakhs|
|MBA in International Business colleges in India|
More MBA Specializations
Apart from the ones mentioned above, there are a wide variety of specializations that students can opt based on their area of interest and other factors.
|MBA IT||MBA in Operations Management|
|MBA Entrepreneurship||MBA in Supply Chain Management|
|MBA Event Management||MBA in Aviation Management|
|MBA Travel and Tourism||MBA Biotechnology|
|MBA in Event Management||MBA in Agriculture (Agribusiness)|
Source: University Websites and Payscale
MBA degree is in high demand because of the benefits it tags along. Apart from high packages and chances to work with top recruiters like Amazon, Apple, Bain & Company, Deloitte, Accenture, etc, there are various other perks of an MBA degree as well.
Check a detailed account on why should one study MBA.
What are the Types of MBA?
Apart from an MBA regular, students can also go with the other types of MBA in accordance with their needs. Distance MBA, Online MBA and Executive MBA are some of the popular MBA types to name a few.
The table below shows some of the important information regarding the types of MBA
|Parameter||Distance MBA||Online MBA||Executive MBA|
|Mode||Away from university infrastructure||Online through web facility||University/College-Based|
|Duration||2-5 Years||1-4 Years||2-3 Years|
|Eligibility||Bachelor's degree with 50% and to have a work experience of 2 to 3 years.||Bachelor’s Degree||Bachelor’s Degree + Work Experience|
|Average Fees||INR 20,000-70,000||INR 40,000-3,00,000||INR 2-20 LPA|
|Top Colleges||Indira Gandhi National Open University (IGNOU)||Amity University online
|Symbiosis Centre for Distance Learning (SCDL)||National Institute Of Business Management||NMIMS Mumbai|
|ICFAI University, Directorate of Distance Education||Assam Don Bosco University||SIBM Pune|
Source: College Websites and Payscale
Read in detail:
MBA Subjects are designed in accordance with the latest and contemporary needs of the business world. The course curriculum includes a brief study of old but relevant business techniques that are still beneficial.
The management strategies with which students are enlightened are conspicuous in the MBA syllabus. The course delivery methods comprise:
- Classroom lectures
- Guest lectures from qualified professionals
The weightage of external and internal examination is 60% and 40% respectively. An overview of the MBA Syllabus is given below:
|Semester I||Semester II|
|Organizational Behavior||Management Accounting|
|Business Communication||Management Science|
|Quantitative Methods||Marketing Research|
|Human Resource Management||Organization Effectiveness and Change|
|Marketing Management||Operation Management|
|Financial Accounting||Financial Management|
|Managerial Economics||Management of Information System|
|Semester III||Semester IV|
|Business Ethics & Corporate Social Responsibility||International Business Environment|
|Legal Environment of Business||Strategic Management|
|Strategic Analysis||Project Study|
Some of the common Elective Courses are described below with their respective disciplines:
|Specialization||Elective Courses Offered|
|Finance||Portfolio Management||Corporate Taxation|
|Risk Management||Corporate Governance|
|Financial Derivatives||Financial Reporting|
|Entrepreneurship||Entrepreneurial Management||Social Entrepreneurship|
|Marketing||Brand Management||Consumer Behaviour|
|Business Marketing||SalesForce Management|
|Human Resource||Compensation Management||Management of Industrial Relations|
|Managing Diversity||Training and Development|
Read More Detailed MBA Syllabus
What is the Difference: MBA IIM vs MBA IIT?
The table below shows some of the major differences between what it’s like to pursue MBA programs from IIT and MBA from IIM:
|Parameters||MBA from IIMs||MBA from IITs|
|College Overview||IIMs are considered the upstanding institute of management studies in India. It offers a variety of specializations that help students to become an industry expert and a quality leader. There are around 20 IIM Campuses in India, with the most famous ones in Ahmedabad, Bangalore, Indore, Kolkata, etc.||IITs are considered one of the most respected and renowned centres of engineering education, which has started providing management studies also. There are around 16 IIT campuses in India, with the most famous ones in Delhi, Mumbai, Kharagpur, Roorkee, Madras, etc.|
|NIRF Ranking||#1 IIM A, #2 IIM B ,#3 IIM C, etc.||#5 IIT Kharagpur, #8 IIT Delhi, #11 IIT Bombay, etc.|
|Average Total Fees||INR 18,00,000||INR 5,00,000|
|Average Placement Package||INR 23 LPA||INR 14 LPA|
|Highest Placement Package||INR 50 LPA||INR 35 LPA|
|Top Recruiting Companies||Deloitte, ICICI Bank, Infosys, CRISIL, HSBC, Ford, Indiamart, Mastercard, Flipkart, HCL etc.||Vedanta, Aditya Birla Group, ONGC, Dr. Reddy’s, Dunzo, Hindustan Unilever, Amway, Lenskart, etc.|
Source: Official websites.
What is the Difference: MBA vs PGDM?
Students often remain confused about what exactly is the difference between MBA and PGDM courses. The table below brings an end to that confusion.
|Qualification||Master of Business Administration||Post Graduate Diploma Course in Management.|
|Institute Type||Generally, the colleges which are affiliated to a university can offer an MBA course. For eg: FMS Delhi, NIMT, etc.||Autonomous institutes like IIMs, XLRI, SIBM, etc can offer PGDM courses. They are approved by AICTE.|
|Objective||It is more focussed on developing business and technical knowledge among students.||It is more focussed on giving practical knowledge. A practical approach is being used for every aspect. Moreover, students will become industry-oriented and adaptable to the corporate world.|
|Duration||As per UGC, it is for 2 years.||PGDM is for 1-2 years. A 2-year PGDM will be equivalent to an MBA.|
|Eligibility||Graduation with at least 50% marks in any stream||Graduation in any stream|
|Admission Process||Entrance Exam||Entrance Exams, Direct Admission is also offered in some private colleges.|
|Examination Type||Semester||Semester/ Trimester System|
|Fees||INR 2-30 LPA.||INR 3-12 LPA|
|Top College||IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIT Kharagpur, etc
||SP Jain Institute of Management & Research (SPJIMR), Great Lakes Institute of Management, IIM , Narsee Monjee Institute of Management Studies (NMIMS), etc|
|Average Salary||INR 5- 26 LPA||INR 4- 15 LPA|
Source: University Websites and Payscale
How Can I Study MBA Abroad?
This has become a trend nowadays that many students are opting for MBA Abroad from a better B-School in order to upscale their skills.
MBA Abroad comes with various types like Full-Time, Part-Time, Online/Distance and Executive MBA.
Apart from a regular MBA Abroad, one can also pursue MBA specialization courses like Marketing, Finance, Human Resources, Supply Chain Management, Hospitality, Project Management, etc.
Tabulated below are some of the major highlights of MBA Abroad:
|MBA Abroad Criteria||Bachelor's degree with at least 50% marks in business or related field from a recognized university.|
|Work experience of 3 to 5 years|
|Admission Process||Merit-Based/Entrance Exam (GMAT)|
|Language Proficiency Test Scores|
|Personal Interview Round|
|MBA Abroad Fees||INR 20 to 80 Lakhs.|
|Top Countries||USA, UK, Canada, Australia, Germany, etc|
|Average Salary||INR 40 LPA to 10 Crore.|
There are plenty of MBA scholarships available to study abroad as well.
Pursuing the course from foreign needs a good amount as well as time to invest, but at the same time, this option brings you the scope of growth and earning high by bagging a good international job.
What After MBA?
MBA is very popular in India, the number of MBA applicants is third-largest hereafter USA and China. The growth in salary after doing an MBA is also high in India as compared to that of other countries. Here, you will have around 213% of salary growth as compared to 75% in the USA and 71% in China.
Check out some of the popular departments in which jobs are offered to the MBA professionals in sectors like public, private and information technology.
|Operations & Project Management|
|Private Sector||Real Estate|
Read More About: MBA Placement Preparations
Tabulated below are some of the best companies offering jobs to these graduates.
|College||State||Companies||Mean Salary (INR)|
|Indian Institute of Management Ahmedabad||Gujarat||McKinsey, Boston Consulting Group, MasterCard, Avendus, JP Morgan, AB InBev, Airtel etc||25 lacs|
|Indian Institute of Management Bangalore||Karnataka||Avendus Capital, JP Morgan, Adani Group, Vedanta, Capgemini, Anheuser-Busch InBev, Asian Paints, Accenture Operations etc||24 lacs|
|Indian Institute of Management Calcutta||West Bengal||Bank of America Merrill Lynch, Barclays, Goldman Sachs, Arga Investment Management, Gaja Capital, Boston Consulting Group, McKinsey & Co., PricewaterhouseCoopers etc||25 lacs|
|Indian Institute of Management Lucknow||Uttar Pradesh||Amazon, PricewaterhouseCoopers, Ernst & Young, Citi, The Boston Consulting Group, Tata Administrative Service (TAS), ICICI Bank, Flipkart, Reliance Jio, Star India||23 lacs|
|Indian Institute of Technology Kharagpur||West Bengal||PwC, Ernst & Young, McKinsey & Co, Deloitte, ZS Associates, Axtria, Facebook, IBM, Bloomberg, ITC Infotech, Genpact, HSBC, ICICI Bank, Kotak Mahindra Bank, IDFC Bank, MPower Financing||18 lacs|
|Indian Institute of Management Kozhikode||Kerala||Goldman Sachs, HSBC, JP Morgan and Chase, Nomura, Deutsche Bank, Reliance Industries, RPG Group, AbInBev, Airtel, Mahindra, Tata Administrative Service (TAS), Rebel Foods||23 lacs|
|Indian Institute of Management Indore||Madhya Pradesh||Credit Suisse, Credit Suisse, Credit Suisse, StateStreet, Deloitte S&O, Asian Paints, HUL, L’Oreal, Pidilite Industries, Panasonic Life Solutions, Flipkart, Google, HUL||22.92 lacs|
|Indian Institute of Technology Delhi||New Delhi||Dr. Lal Path Labs, Henkel, Reckitt Benckiser, Synergy Consulting, Siam Makro, Capgemini, Hitlab, Wipro||16.01 lacs|
|Xavier Labour Relations Institute (XLRI)||Jharkhand||KPMG, PricewaterhouseCoopers, Boston Consulting Group, Accenture Strategy, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Standard Chartered||15 lacs|
|Management Development Institute||Haryana||Airtel, Dell, Flipkart, Hero Electronix, Lenovo, PhonePe, Samsung, Xiaomi, Tata Steel, ICICI Bank, Limeroad, YES Bank||22 lacs|
Check: MBA Placement
Major MBA job profiles, along with the descriptions and average salary are listed below:
|Job Profile||Job Description||Average Salary (INR)|
|Account Manager||Account Manager is responsible for achieving high sales targets and building relationships with new clients and leading team productivity. They also work to develop new business from existing clients and seek new sales opportunities.||INR 5 to 6 Lakhs|
|Sales Manager||Sales Managers are the one whose main concern is to look after the company's sale and to generate revenue by selling the company's products and services.||INR 9 to 10 Lakhs|
|Brand Manager||Brand Manager plans, develops and puts direct marketing efforts to increase the value and performance of a brand, service or product. They must focus on increasing profits and minimizing the loss of the brand and also actively seek opportunities to improve brand image and positioning as compared to the competitors.||INR 9 to 10 Lakhs|
|Human Resources Manager||These professionals are responsible for ensuring to look after the employees working in an organization. They are also involved in recruiting the best suitable staff for a company.||INR 4 to 5 Lakhs|
|Equity Research Analyst||Equity Research Analyst analyses financial data and public records of companies and uses this analysis to determine the value of the company's stock and to predict the company's future financial picture.||INR 3 to 4 Lakhs|
|Digital Marketing Manager||Since almost all the companies have a digital platform to promote their business, these people look after managing the company’s digital marketing.||INR 4 to 4.5 Lakhs|
|Management Consultant||Management Consultant’s key roles are to solve issues, create value, improve business performance and maximize growth. They give advice and help an organization to develop any skill set it might be lacking.||INR 10 to 12 Lakhs|
|Risk Manager||Every company goes through risk taking the officials behind managing the risks of the companies are known as Risk Managers.||INR 9 to 10 Lakhs|
|Marketing Manager||Marketing Managers are responsible for developing, implementing and executing strategic marketing plans for an entire organization in order to attract potential customers and retain existing ones.||INR 4 to 5 Lakhs|
|Healthcare & Hospital Manager||With growing healthcare and hospital sectors in the country, there has been a rise in the demand for officials who would manage these sectors. Therefore these managers look after the health and hospital sectors.||INR 5 to 6 Lakhs|
|Project Manager||Project Manager plans and prepares the budget and looks after all the aspects of a specific project. They work with upper management to make sure that the scope and direction of each project are on schedule, as well as other departments for support.||INR 7 to 8 Lakhs|
Check to know more about: MBA Jobs
If you want to improve your career trajectory then you can pursue a doctorate degree in MBA. A Ph.D. in management courses is known to be the highest degree that one could acquire. This can help an aspirant to hold a better grip over the subject. One may even make a career in the teaching under various top MBA colleges with this degree.
However, students can also go for various other courses after MBA like Certificate in Project Management, Certification in Risk Management Assurance (CRMA), Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), etc.
Read in Detail: What After MBA
Ques: Which MBA course is the best?
Ques. What is an MBA full form?
Ques. What are the types of MBA?
Different types of MBA are: Online MBA, Executive MBA, Distance MBA program and major specializations such as MBA in Finance, MBA in Marketing, MBA in International Business, MBA in Supply Chain Management, MBA in Biotechnology, etc.
Ques. Which MBA specialization is the best?
Ques. Why MBA after Engineering?
Ques. What is the MBA course list?
- Organizational Behaviour
- Financial Management
- Human Resource Management
- Marketing Research
- Business Communication
- Marketing Research
Apart from this, there are many subjects which are included in the MBA syllabus.
Ques. Why pursue MBA in Finance?
Ques. Why pursue MBA? What is MBA scope in India?
- Making business strategies for increasing brand value and company revenue.
- Management of a team.
- Dealing with the financial aspects of the business.
Ques. Is it better to pursue an MS/MTech or an MBA after studying engineering?
Ques. What is the process of pursuing an MBA from IGNOU?
Ques. Which MBA is better? MBA Marketing or MBA Finance?
Ans. Following are some of the skills required for MBA in Finance:
- Individuals from a Commerce background is preferable.
- Candidate must possess stock market awareness
- Knowledge regarding financial instruments
- Possess apt analytical, problem-solving skills and be a meticulous planner as well as a thorough researcher.
Following are the skills required to opt for MBA in Marketing-
- Complete knowledge about marketing strategies.
- Understanding of targeted consumers.
- Creative thinking and excellent communication skills.
- Must be a knowledge seeker and a keen learner.
Based on these skills, you can decide which MBA specialization is better for you.
Ques. Can I pursue MBA from distance education?
Ques. What are the job prospects after completing MBA Business Analytics, MBA Data Science or MBA Data Analytics?
Ans. Data Analytics is one of the most promising domains that brings a number of highly paid jobs. Some of the job positions are Data Analyst. Business Analyst, Data Science Manager, etc.
Ques. Has any entrance exam been postponed due to Covid 19?