MBA full form or meaning is Master of Business Administration.
An MBA is a post-graduate course during which students are taught all the necessary skills about how to manage any type of business correctly.
Whether a business is a big or small family business, it requires a lot of skills to run properly and profitably, such as marketing, sales, employment management, etc., and all this is taught in detail during MBA course.
MBA is the most famous course in business management, which aims to enhance business and management skills in students and prepare them for every kind of business challenge.
Today the demand for MBA course is very high, because the students who have done this course are getting a good job, and they are helping a lot in taking forward any kind of company.
Every year around 400000 students take admission in MBA course in India
Eligibility for MBA course
Any student who has completed graduation in any stream from a recognized university or college can join the MBA course.
Most colleges require 50% minimum marks in graduation for MBA admission, whereas 45% of marks are required for students of reserve category.
There are two types of the admission process for admission to MBA Colleges in India, Direct Admission and Admission Through Entrance Exam.
Entrance exams in India for MBA admission
Many entrance examinations are conducted every year for admission in government and private MBA colleges in India.
Based on the score of this entrance exam and personal interview, admission is done in the top MBA colleges in India, some of the top MBA entrance exam is as follows-
Many MBA colleges in India, which do not conduct their own entrance exam, either give you direct admission based on your graduation marks or they provide admission based on your CAT or MAT score.
MBA tuition fees
Over time, the demand for MBA course increased and so did its fees.
Today the fees of any good MBA college is above 1000000.
So today it may take you at least ₹ 100000 to complete an MBA course in India and even more than ₹ 3000000.
Types of MBA
MBA courses in India are available in different formats which people join according to their needs. Some of the important types of MBA are as follows-
- Full-time MBA- 2 years
- Distance mode
- online mode
- Executive MBA
Specialization in MBA
Many specializations have been made according to the need and demand under the MBA course.
All students are taught common subjects during the first year of the MBA course, and during the second year, subjects are taught according to which specialization the student has taken.
some famous MBA specialization is as follows-
- MBA in Finance
- MBA in marketing
- MBA in human resource
- MBA in digital marketing
- MBA in International Business
- MBA in Information technology
- MBA in business analytics
- MBA in Hospitality Management
- Business planning
- Principles of management
- Computer Application
- Retail management
- Business Communication
- Communication skills
- HR management
- Finance management
- Organizational behaviour
- Business environment
- Business laws
- Project work
Scope of Master of Business Management
In today’s time, the scope of MBA is very high. Most of the students pursuing MBA get a good job as well as a good package.
A good student who has understood the nuances of business during the MBA course proves to be very helpful in taking a company forward.
Many students start their own business after completing their MBA, and most of them are successful today.
Top profile and salary after MBA course
After doing MBA, people in different company get the top profile to work.
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Resource
- Manager Operation Manager
- Product Manager
- Infrastructure Manager
- Risk Manager
Most students who do MBA from a good management college can easily get a package ranging from 300000 to ₹ 1000000 annually.
The average starting salary of MBA students is close to ₹ 500000
- IIM Ahmedabad
- IIM Bangalore
- IIM Kolkata
- XLRI Jamshedpur
- IIT Madras
- IIT Delhi
- VIT Vellore
- SRM Chennai
- Kalinga Bhubaneswar
which is the best course in MBA?
All the specializations or courses of MBA courses are excellent, and they are in demand in the market
Which is the best specialization or course of MBA, it can vary according to the need of a student and the demand of the market.
Yet if seen, the most demanding Sales and Marketing, Business Management, MBA in Operation, MBA in HR, MBA in Information Technology.
Similar full forms-