This content description is about the MBA profession, admission notification, eligibility criteria, salary of an MBA graduate and the list of best MBA institutes in India offering admission. Read the full story to know more about MBA admission 2023 and how can you make your career in this domain.
Table of Contents
About MBA Course
MBA (Master of Business Administration) is one among the most popular courses of management that deals with all the ethics of business and business management. Originally, MBA was started in the United States in the 20th century when the companies in the United States required a person who has a scientific approach to management. MBA course comprises with the subjects such as finance, accounting, Marketing, human resource and business operations.
MBA is postgraduate degree course and the admissions in MBA are offered by many institutes on the basis of entrance exam score. In India, there are many institutes offering part-time, full time and executive courses in the field of management. The MBA institutes in India are affiliated to AICTE or UGC. Apart from that, the autonomous institutions in India like Indian Institute of Management (IIM) and Indian Institute of Technology (IIT) are offering courses in MBA.
Why and Who can Choose MBA?
Those who are fond of learning the ethics of Management principles and using those skills either in a managerial position in an organization (or) entrepreneurship are eligible to choose a course in MBA. As it is a Master’s course for those serious level thinking candidates, the admissions in MBA in many institutes are on the basis of entrance exam scores.
MBA Course Overview
Many candidates after their graduation opt for MBA degree course. Candidates also have the choice to pursue integrated MBA course after 12th. Check out a basic overview of this program below.
|Course level||PG level|
|Course duration||2 years|
|Minimum eligibility||A pass in any graduation level exam is required.|
|Admission process||Some institutes admit candidates on the basis of entrance exam, other on the basis of merit.|
|Top recruiters||Tata Consultancy Services, Infosys, Banks, Amazon, Deloitte, Cognizant, Hindustan Liver, Aditya Birla Group, Accenture|
|Job position||Business Analyst, Business Strategist, Business Development Analyst, Team leader, Department Director, Financial Analyst, Lead Management Consultant, Portfolio Manager, Product Manager, Operational Analyst, Operational Manager|
Candidates who meet the following eligibility criteria can apply for MBA entrance exam 2023.
- A graduate degree in any stream from a recognized college/ university is required.
- The candidates should also obtain specified minimum marks in their graduation level exam as decided by the institute they are applying to.
- Candidates are advised to get detailed eligibility criteria of the institute they are applying to by visiting the official website of the concerned institute.
Admission in MBA
Most of the universities in India are offering admissions to the candidates in MBA degree program on the basis of CAT exam, while few other institutes in India are offering MBA admissions on the basis of their own entrance exam. Based on the entrance exam scores, the candidates have to appear group discussion session followed by an individual interview with the department representatives. There are some institutes that offers admission to their MBA course on the basis of marks of the candidates in the qualifying exam.
Types of MBA
On the basis of course and duration, the MBA is classified as three, such as Regular MBA program, Part-time MBA, and Distance MBA.
- Regular MBA program: As Name Implies, regular MBA program is a full-time course. The course duration of Regular MBA Program is 2 years. Around 70% of MBA institutes in India are offering admissions on the basis entrance exam that conducted either by any national bodies or by the university itself.
- Part-time MBA: The part-time MBA program is good for working professionals or for those who aren’t able to sit for a full-time course. The duration of part-time MBA course is 3 years, which consist of 2-3 hours classes on week days. The fee for attending a part-time MBA course is half or less than the fee for a full-time MBA course.
- Distance MBA Course: Learning MBA without attending college regular studies is called distance MBA. Those who are enrolling in distance MBA Course learning are learning classes either through online or by studying books.
List of MBA Entrance Exams
There are many MBA entrance exams conducted In India. Following are some national level management entrance exams 2023–
- CAT- Admission for all IIMs and 150 more institutes
- XAT- Admission for XIM Bhubaneshwar, XLRI Jamshedpur
- SNAP- Admission for Symbiosis University, Noida
- MHCET- Admission for colleges in Maharashtra state
- CMAT- All India Council of Technical Education
Career in MBA
An MBA candidate can choose their career in many management fields. A study says 65% of candidates are doing MBA to change their careers: An MBA pass-out can work on following domains
- Business Analyst
- Business Strategist
- Business Development Analyst
- Manager of an organization
- Team leader
- Department Director
- Financial Analyst
- Lead Management Consultant
- Portfolio Manager (or) product manager
- Operational Analyst (or) manager
Salary of MBA Pass-out in India
The salary of an MBA candidate will vary on the basis of organization, he is working for and the type of assigned job. According to the reports, a fresher level MBA candidate in India will get salary around INR 3 to 5 LPA.
Top Ten MBA Colleges in India
A list of top ten colleges in India that offers MBA degree program is provided below.
|Name of the College||Official Website|
|Indian Institute of Management (IIM) Ahmedabad||http://www.iimahd.ernet.in/|
|Indian Institute of Management (IIM) Calcutta||https://www.iimcal.ac.in/|
|Indian Institute of Management (IIM), Bangalore||http://www.iimb.ernet.in/|
|Indian Institute of Management (IIM), Lucknow||http://www.iiml.ac.in/|
|Xavier Labour Relations Institute (XLRI)||http://www.xlri.ac.in/|
|Faculty of Management Studies (FMS)||http://www.fms.edu/|
|Indian Institute of Management (IIM) Kozhikode||https://www.iimk.ac.in/|
|Indian Institute of Management (IIM), Indore||https://www.iimidr.ac.in/|
|S. P. Jain Institute of Management and Research||http://www.spjimr.org/|
|Jamnalal Bajaj Institute of Management Studies (JBIMS)||http://www.jbims.edu/|
Question 1: If I hold a graduation degree in engineering, can I apply for admission to any MBA degree program?
Answer: Yes of course you can go for MBA as your postgraduate course after engineering. In fact, most of the candidates pursuing an MBA degree are those holding a BE/ B.Tech degree.
Question 2: Can I apply for MBA program in any college on the basis of my CAT score?
Answer: Probably not. There might be some colleges that offer enrolment to the candidates into their MBA degree program on the basis of their own entrance exams. Candidates should carefully read the information brochure containing the admission process of the college they wish to get enrolled in.
Question 3: When should I expect the release of application form for MBA admission 2023?
Answer: The application forms are released differently for admission to MBA programs of different colleges. Details regarding the mode and schedule of availability of the application form can be obtained by visiting the official website of the concerned institute.
Question 4: Is there any specific eligibility requirement for admission to distance MBA program?
Answer: Normally, most colleges that offers MBA distance education enrolls the candidates with certain work experience in the relevant field. Candidates can get the detailed eligibility criteria from the official website of the college of their choice.
Question 5: I have not completed my graduation yet. Can I still apply for MBA admission 2023?
Answer: Candidates who are in the final year of their graduation degree course who will appear in their final exams in the year 2023 can apply for MBA admission 2023. Admissions of such candidates will be provisional and will become final only if they clear the final exam with required percentage of marks before the commencement of the admission process.