What is Master of Business Administration (MBA)? MBA or Master of Business Administration is an internationally accredited post-graduate degree that hones and develops business and management skills in individuals striving to become future business leaders and entrepreneurs. A typical MBA degree covers a wide range of business fields such as accounting, marketing and management. However, pursuing an MBA degree does not limit an individual to a career in management. Those interested in establishing a profession in the private, government or public sectors can also benefit from an MBA degree.
A majority of MBA courses in India include a core curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that give individuals an opportunity to pursue their personal or professional interests. Certain business schools require that MBA candidates complete an internship in a company or organization, which can further their prospects of landing concrete job opportunities after the completion of their studies.
An MBA offers recognition and leadership that cannot be earned in the workplace alone. It prepares an individual to work and function in a diverse range of business organizations, thus expanding one’s potential and expertise. An MBA opens up a world of career opportunities for such degree holders.
|Course Level||Post Graduation|
|Duration||Two year Program with 4 semesters|
|Examination Type||Semester System|
|Eligibility||Graduation with Min 50% marks for general category|
|Admission Process||Entrance Exams; Popular are CAT, MAT, XAT, SNAP, CMAT and more|
|Course Fee||INR 1,00,000 to 21 Lacs (All Semesters)|
|Starting Salary||INR 4 to 112 lacs per annum|
|Top Recruiters||ITC, Citibank, HSBC, Larson & Tubro, Philips, Nestle, Amazon, Infosys and more|
There are more than 2000 colleges and universities teaching MBA in India. These colleges are located in the Government and Private Sector. The most popular of them are the Indian Institutes of Management located in India.
|Indian Institute of Management Bangalore||Bengaluru||Karnataka||1|
|Indian Institute of Management Ahmedabad||Ahmedabad||Gujarat||2|
|Indian Institute of Management Calcutta||Kolkata||West Bengal||3|
|Indian Institute of Management Lucknow||Lucknow||Uttar Pradesh||4|
|Indian Institute of Management Indore||Indore||Madhya Pradesh||5|
|Indian Institute of Technology Kharagpur||Kharagpur||West Bengal||6|
|Xavier Labour Relations Institute||Jamshedpur||Jharkhand||7|
|Indian Institute of Management Kozhikode||Kozhikode||Kerala||8|
|Indian Institute of Technology Delhi||New Delhi||Delhi||9|
|Indian Institute of Technology Bombay||Mumbai||Maharashtra||10|
|Indian Institute of Technology Roorkee||Roorkee||Uttarakhand||11|
|Management Development Institute||Gurugram||Haryana||12|
|Indian Institute of Management Udaipur||Udaipur||Rajasthan||13|
|Indian Institute of Management Tiruchirappalli||Tiruchirappalli||Tamil Nadu||14|
|Indian Institute of Technology Madras||Chennai||Tamil Nadu||15|
|S. P. Jain Institute of Management & Research||Mumbai||Maharashtra||16|
|National Institute of Technology Tiruchirappalli||Tiruchirappalli||Tamil Nadu||17|
|Great Lakes Institute of Management||Chennai||Tamil Nadu||18|
|Indian Institute of Management Raipur||Raipur||Chhattisgarh||19|
|Symbiosis Institute of Business Management||Pune||Maharashtra||20|
|SVKM`s Narsee Monjee Institute of Management Studies||Mumbai||Maharashtra||20|
|Indian Institute of Technology Kanpur||Kanpur||Uttar Pradesh||22|
|Indian Institute of Management Rohtak||Rohtak||Haryana||23|
|Indian Institute of Management Shillong||Shillong||Meghalaya||24|
|Indian Institute of Management Kashipur||Kashipur||Uttarakhand||25|
|ICFAI Foundation for Higher Education||Hyderabad||Telangana||26|
|International Management Institute New Delhi||New Delhi||Delhi||27|
|Indian Institute of Management Ranchi||Ranchi||Jharkhand||28|
|National Institute of Industrial Engineering||Mumbai||Maharashtra||29|
|Kalinga Institute of Industrial Technology||Bhubaneswar||Odisha||30|
|Indian Institute of Foreign Trade||New Delhi||Delhi||31|
|Indian Institute of Technology (Indian School of Mines) Dhanbad||Dhanbad||Jharkhand||32|
|T. A. Pai Management Institute||Manipal||Karnataka||33|
|Jamia Millia Islamia||New Delhi||Delhi||34|
|Faculty of Management Studies||Delhi||Delhi||35|
|Loyola Institute of Business Administration||Chennai||Tamil Nadu||36|
|PSG College of Technology||Coimbatore||Tamil Nadu||37|
|Fore School of Management||New Delhi||Delhi||38|
|Banaras Hindu University||Varanasi||Uttar Pradesh||39|
|Institute of Management Technology||Ghaziabad||Uttar Pradesh||41|
|Anna University||Chennai||Tamil Nadu||43|
|International Management Institute Kolkata||Kolkata||West Bengal||45|
|Vellore Institute of Technology||Vellore||Tamil Nadu||46|
|Institute for Financial Management and Research||Satyavedu||Andhra Pradesh||47|
|Amity University||Gautam Budh Nagar||Uttar Pradesh||49|
|Goa Institute of Management||Sanquelim||Goa||50|
|Institute of Rural Management||Anand||Gujarat||51|
|Lovely Professional University||Phagwara||Punjab||52|
|Bharathidasan Institute of Management||Tiruchirappalli||Tamil Nadu||53|
|K. J. Somaiya Institute of Management Studies & Research||Mumbai||Maharashtra||54|
|Institute of Management and Entrepreneurship Development||Pune||Maharashtra||55|
|University of Petroleum and Energy Studies||Dehradun||Uttarakhand||56|
|Birla Institute of Management Technology||Greater Noida||Uttar Pradesh||57|
|Koneru Lakshmaiah Education Foundation University (K L College of Engineering)||Vaddeswaram||Andhra Pradesh||58|
|Aligarh Muslim University||Aligarh||Uttar Pradesh||59|
|Indian Institute of Forest Management||Bhopal||Madhya Pradesh||60|
|Birla Institute of Technology||Ranchi||Jharkhand||61|
|Guru Gobind Singh Indraprastha University||New Delhi||Delhi||62|
|Jaipuria Institute of Management||Noida||Uttar Pradesh||63|
|Shoolini University of Biotechnology and Management Sciences||Solan||Himachal Pradesh||65|
|International Management Institute||Bhubaneswar||Odisha||66|
|Institute of Management Technology||Hyderabad||Telangana||67|
|Jaipuria Isntitute of Management||Lucknow||Uttar Pradesh||68|
|Jagan Institute of Management Studies||Delhi||Delhi||69|
|Institute of Management Technology||Nagpur||Maharashtra||70|
|Jaipuria Institute of Management||Jaipur||Rajasthan||71|
|SRM Institute of Science and Technology||Chennai||Tamil Nadu||73|
|Lal Bahadur Shastri Institute of Management||Delhi||Delhi||74|
While two-year MBA programs are still more common in India, one-year MBA programs have become increasingly popular. Part-time and online programs are also widely available for professionals who are not willing to, or who are unable to pursue full-time programs due to personal or professional constraints. Executive MBA programs in India target individuals with more years of managerial experience as compared to traditional MBA candidates.
Subjects will vary according to the specialization opted for. However a few of these subjects are the same in all specializations.
|Principles of Management|
|Accounting for Managers|
|Business Communication & Information Systems|
|Research Methodology & Quantitative Techniques|
|Human Resource Management & Organizational Behaviour|
|Economic Environment of Business|
|Summer Internship Project Assessment|
|Project Management OR Environment Management|
|Business Ethics & Corporate Governance|
|International Business Management OR Agri-Business Management|
Admission to an MBA program is strictly on the basis of management entrance tests conducted at national, state and institute levels. These exams are held across the country or within a campus, if the exam is unique to that particular university.
The minimum eligibility criteria for admission to a Master of Business Administration program is at least a 3-year bachelor's degree with at least 50 percent marks or equivalent CGPA from a UGC recognized board, or an equivalent qualification recognised by the Ministry of HRD, Government of India. For individuals belonging to an SC/ST or PWD category, a minimum of 45 percent marks or equivalent CGPA is required. The bachelor's degree or equivalent qualification obtained by the candidate entails a minimum of three years of education after the completion of higher secondary schooling. In the case of candidates being awarded grades/CGPA instead of marks, the equivalence would be based on the equivalence certified by the university/institution from where the bachelor’s degree has been obtained.
|Common Admission Test (CAT)|
|Management Aptitude Test (MAT)|
|Symbiosis National Aptitude Test (SNAP)|
|Xavier’s Aptitude Test (XAT)|
|NMAT by GMAC|
|Common Management Aptitude Test (CMAT)|
|Indian Institute of Foreign Trade (IIFT)|
|MICA Admission Test (MICAT)|
|ICFAI Business School Aptitude Test (IBSAT)|
State governments also conduct tests for admission to government as well as private MBA colleges in their respective states.
|Gujarat Common Entrance Test (GCET)|
|University of Hyderabad’s CET (UOHYD)|
|Kerela Management Aptitude Test (KMAT)|
|Tamil Nadu Common Entrance Test (TANCET)|
There are various management schools in India that also conduct individual management entrance tests for admission to their respective colleges.
|Jamia Milia Islamia (JMI), New Delhi|
|SRM University’s Management Test (SRMJEE)|
|Benaras Hindu University (BHU PET)|
|Kalinga Institute of Industrial Technology (KIITEE)|
|University of Petroleum & Energy Studies (UPES-MET) etc.|
After the MBA entrance test score is declared, candidates can check various B-school admission cut-offs as specified by the respective schools. If eligible, a candidate can apply to the business school, following which, he or she will have to undergo further testing in the form of Group Discussions (GD) and Personal Interviews.
A Full-time MBA comprises of 4 semesters and is a two-year program. It includes dissertation and project work, industrial training and summer internship. Candidates may choose their respective major and minor specialization subjects.
An Executive MBA is specially designed for working executives so that they can pursue their career and degree together. It is also known as EMBA. This program enables working professionals to enhance their growth prospects and further their careers. It is an upgradation of the managerial skills of professionals. The course curriculum comprises of personal development, inter-relationships between various business operations, adopting a scientific approach while dealing with different business aspects, and handling responsibilities of senior management reliably. The course duration can vary from 1-2 years.
A Part-time MBA is mostly pursued by those individuals who are unable to devote their time to a full-time MBA. The reasons may be personal or professional. Various business schools offer this program. The course duration is usually 3 years. Some classes need to be attended! At times classes are held over the weekends or in the evening.
Distance Learning MBA or MBA by correspondence implies that candidates do not need to attend classes, or may only attend a limited number of classes during the course duration. Study material is home delivered by mail, email, or online videos. Centres for examinations are designated. Many business schools have a Department of Distance Education that offers this program. The course duration may vary from 2-5 years.
An Online MBA as the name suggests, is offered online via the internet. Along with online lessons and other forms of virtual study, conventional study material may also be provided. The course duration may vary from 1-2 years.
Some common specializations of MBA are briefly explained below-
The following are some other specializations of MBA:
|Non-profit and Government|
|Operations and Logistics|
|Family Business and Entrepreneurship|
|Hospital and Health Care|
|Media and Entertainment Management|
|Automobile Dealership Management|
|Defence Technology Management|
|Oil and Gas|
The medium of instruction and examination is English. As per the Academic Calendar, examinations are conducted at the end of each semester. Each subject course will carry a total of 100 marks out of which 50 marks are reserved for internal assessments, and 50 marks are for the written examinations at the semester end. The duration of each written examination is 3 hours. The internal assessment marks are based on factors such as participation in discussions/case studies, seminars, group activities, class tests, mid-term tests, written assignments, and viva-voce.
The weightage given to each factor will be announced at the beginning of the semester, and the marks shall be shown to candidates in their respective mark sheets.
The minimum aggregate pass percentage marks at the end of each semester is 45%. And the minimum pass percentage marks in each subject at the end of each semester is 40%. If either of the two conditions are not fulfilled, then the candidate may reappear in the corresponding subject paper to secure the minimum marks required to pass that semester. A candidate will only be given four chances to reappear in a subject paper and obtain the necessary passing marks.
A candidate must successfully clear 12 papers out of 16 papers offered during the first year of the MBA program to be promoted to the second year of the MBA program. The candidate will have to successfully clear any remaining papers in the second year. Also, the eligibility of a candidate being promoted to the second year depends upon the completion of summer training.
Good B-Schools give the best chance for placements with good companies. Usually the placements take place as campus recruitments held anytime in the final year of studies. The placement dates vary from one college to the other; the process usually takes three days. Many international and national companies participate in the recruitment drive and almost all students are recruited in IIMs and other top B-Schools. Consulting, Finance, Sales and Marketing are the most popular positions in demand across the institutes. In 2017, the highest salary within the domestic companies was 53 Lacs per annum, while the highest international offer was 82 lacs per annum. The lowest can be 3.5 lacs per annum and the range is very wide. The average works out to be 12 to 36 lacs per annum depending on the ranking of the B_School.
Accenture Strategy was the top hirer in IIM, Ahmedabad closely followed by Amazon and The Boston Consulting Group. A. T. Kearney, Bain & Co., Goldman Sachs, JP Morgan, McKinsey & Company, Monitor Deloitte, Oliver Wyman were the other regular recruiters who participated in the campus recruitment. Other companies include Tata, Nestle, Reliance, and many more.
The IIMs or Indian Institutes of Management are a group of 20 institutes of management education and research in India. These are autonomous and public bodies They offer postgraduate, doctoral and executive education programmes. They are considered the best in India and are very popular amongst students. Top companies zoom into IIMs for placements.
Indian Institutes of Management in India with Fees and Seats
|Name||City||State/UT||Fees (Rs)||Seats (PGP)|
|Indian Institute of Management Calcutta IIM-C||Kolkata||West Bengal||21 Lacs||210|
|Indian Institute of Management Ahmedabad IIM-A||Ahmedabad||Gujarat||22 Lacs||385|
|Indian Institute of Management Bangalore IIM-B||Bangalore||Karnataka||21 Lacs||430|
|Indian Institute of Management Lucknow IIM-L||Lucknow||Uttar Pradesh||14 Lacs||436|
|Indian Institute of Management Kozhikode IIM-K||Kozhikode||Kerala||17.50 Lacs||375|
|Indian Institute of Management Indore IIM-I||Indore||Madhya Pradesh||16 Lacs||451|
|Indian Institute of Management Shillong IIM-S||Shillong||Meghalaya||12.68 Lacs||120|
|Indian Institute of Management Rohtak IIM-R||Rohtak||Haryana||12.83 Lacs||240|
|Indian Institute of Management Ranchi IIM-Ranchi||Ranchi||Jharkhand||14 Lacs||240|
|Indian Institute of Management Raipur IIM-Raipur||Raipur||Chhattisgarh||12.31 Lacs||210|
|Indian Institute of Management Tiruchirappalli IIM-T||Tiruchirappalli||Tamil Nadu||14 Lacs||180|
|Indian Institute of Management Kashipur IIM-K||Kashipur||Uttarakhand||12.50 Lacs||210|
|Indian Institute of Management Udaipur IIM-U||Udaipur||Rajasthan||9.50 Lacs||260|
|Indian Institute of Management Nagpur IIM-N||Nagpur||Maharashtra||11.50 Lacs||126|
|Indian Institute of Management Amritsar IIM-Amritsar||Amritsar||Punjab||9 Lacs||60|
|Indian Institute of Management Bodh Gaya IIM-BG||Bodh Gaya||Bihar||10.60 Lacs||120|
|Indian Institute of Management Sirmaur IIM-Sirmaur||Sirmaur||Himachal Pradesh||10.34 Lacs||[m]|
|Indian Institute of Management Visakhapatnam IIM-V||Visakhapatnam||Andhra Pradesh||12 Lacs||60|
|Indian Institute of Management Sambalpur IIM-Sambalpur||Sambalpur||Odisha||13.03 Lacs||[o]|
|Indian Institute of Management Jammu IIM-Jammu||Jammu||Jammu and Kashmir||12.91 Lacs||45|
The Post Graduate Programme in Management (PGP) is of two years’ duration and offers the Post Graduate Diploma in Management (PGDM). It is the main programme across all IIMs and these are considered the equivalent of regular MBA programmes. However, since the passage of IIM Act, most IIMs have started offering Masters in Business Administration (MBA)
The IIMs are registered under Indian Societies Registration Act and are autonomous in their operations and working. The HRD Ministry plays a minimal role in the functioning of the IIMs. The programmes offered by IIMs are listed below:
PGDM/PGP courses of two years duration, are considered equivalent to MBA.
All the admissions to IIMs is through the exam CAT and subsequent interview process.
The Common Admission Test (CAT) is a management aptitude test conducted by the IIMs for admission to their two-year PGP programmes at all IIMs. It is usually announced in the month of July each year and the exam is held in November. It is the most competitive exams in the world, with a success rate of around two in four hundred students appearing for the exam. Even with the recent addition of new colleges, the acceptance rate at IIMs is around 1.714%, one of the lowest in the world.
The test is conducted across the country and a few centres overseas; it is an online test and conducted over a span of few weeks starting in November. The test is difficult and one has to prepare well for this test. There is lot of teaching material published in books as well as coaching centres available for preparing for CAT. Advice from alumni is very valuable if available!
The admissions for the two-year full-time programme is done by shortlisting based on CAT scores in conjunction with candidate profile suitability. This is followed by evaluation of essays and a panel-interview round. The quality of prior work experience and future leadership potential is a critical factor in the selections! The process is difficult and needs lot of practice.
Please note that Eligibility criteria for admission through CAT may be different and specific to the institute. Usually for IIMs, the eligibility criteria are:
CAT Selection Process is same for all the IIMs and follow the following steps:
IIM Kashipur, IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Tiruchirappalli, IIM Udaipur, IIM Amritsar, IIM Bodhgaya, IIM Sambalpur, IIM Sirmaur and IIM Jammu - have one selection process called the Common Admission Process (CAP). In this process, WAT-PI round is common for all these campuses. The candidates will not have to appear in WAT-PI round of each of these campuses separately.
Candidates appearing for the Common Admission Test have to follow certain instruction, which are mentioned on the admit cards issued online. This will prevent last minute glitches and the the candidate can focus on just taking the exam in peace of mind!
A few instructions are mentioned below, but these are liable to be appended each year and the candidate should read instructions on the admit card.
A few important points are mentioned below:
IMPORTANT: Candidates with a metal implant, pacemaker, etc. in their body are required to carry an appropriate Medical Certificate
Once the CAT results are announced, the process of shortlisting starts. Just clearing the test does not ensure admission in IIM.
Common Admission Process (CAP) is the procedure followed by the IIMs to allocate seats to the CAT shortlisted candidates. The CAP could vary from one institute to the other. The latest established IIMs have a common CAP to follow. The older IIMs have their own Admission Process based on many other factors including CAT score.
Note: CAP dates are usually fixed after a gap of 2 weeks from the CAT results announcements so that candidates gets time to prepare. The shortlisted candidates receive the dates on their emails. The interview centres for CAP were Mumbai, Delhi, Bangalore, Kolkata, and Chennai.
Note: Please note there is no Group Discussion (GD) round in IIMs-Common Admission Process (CAP). Since each IIM prepares its own merit list, it is also expected that a candidate may get multiple admission offers from the different participating IIMs.
Common Admission Process (CAP) for 9 or 11 new IIMs consisted of two components as final selection round called final admission stage. The shortlisted candidates for CAP appeared for:
1. Common Written Analysis Test (WAT), and 2. Personal Interview (PI)
All the 9 or 11 CAP participating new IIMs announced their shortlisting criteria independent of others and despite going for Common Admission Process (CAP), final merit list was generated by each of them separately.
Students shortlisted for some older IIMs might not have to appear for the CAP, as some of the older IIMs share their PA scores with conducting IIM. Those candidates who have been called by more than 1 older IIM will have their scores averaged across the IIMs where they have been interviewed. Finally, the scores of PA Process will be shared with the other IIMs participating in CAP, who will then make their own merit lists according to the normalized scores.
|Name of exam||Common Admission Test (CAT)|
|Frequency||Once a Year|
|Conducted by||IIMs by rotation|
|Exam Dates||Spread over a few weeks; usually in November|
|Exam Announcement||Usually in July|
|Help-line||Liable to change; 1800 266 3549 (Toll Free)|