Master of Business Administration or MBA is one of the most popular post-graduate programmes in India and abroad. The two-year programme is a gateway to a plethora of job opportunities in the corporate world. Here are some important facts about the MBA program:
- What makes MBA such a popular course is that students from any background – including Science, Commerce and Humanities – can pursue it.
- A regular MBA or Post-Graduation Diploma in Management (PGDM) is generally a two-year course divided into four or six semesters. However, there are certain private institutes that offer one-year PGDM programmes as well.
- One can pursue MBA in various modes, such as, Regular, Online and Distance-Education. Interested candidates can also find programmes customised based on their professional experience such as Executive MBA.
- Many management institutes offer Post-Graduate Diploma (PGD) or Post-Graduate Programme (PGP) in Management instead of an MBA degree. There is not much difference between the two, but for their titles.
- The full-time MBA is the most popular among all, and includes theory classes, practical projects, and internships.
- Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA. Some colleges prefer fresh graduates while some colleges give higher preference to candidates with a few years of work experience.
- On the other hand, the Executive MBA is fit for candidates with more than 5 -10 years work experience as it is designed to enhance their managerial and leadership skills to stay relevant in the job market.
- Online MBA, Part Time MBA and Distance MBA programmes are ideal for candidates who wish to study while working.
Full-time MBA eligibility criteria are as follows:
- The basic eligibility criteria for MBA (full-time) is Graduation in any discipline or equivalent from a recognised university
- Most of the institutes follow the minimum score criteria in Graduation which is 50 per cent in average or equivalent. For Reserved category students, the minimum score in 45 per cent in aggregate
Final-year Graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of Graduation degree within the duration specified by the institute
Students pursuing MBA programme are exposed to a range of subjects. In a two year programme, students begin with core subjects such as Organisational Behaviour, Marketing, Principles of Management, to name a few. In the second year, they are exposed to subjects such as Entrepreneurship and Business Law, among others. Often MBA schools classify these subjects as core and electives and give a chance to students to choose between the elective subjects. Listed below are some of the subjects that most MBA courses offer:
- HR management
- Business planning
- Finance management
- Principles of management
- Business laws
- Communication skills
- Business Communication
- Computer Application
- Organizational behavior
- Retail management
- Project work
- Business environment
The regular MBA course is a two year programme divided into four-six terms/semesters. Listed below are the semster-wise MBA subjects for general course:
|MBA Semester I Syllabus|
|Organizational Behaviour||Marketing Management|
|Quantitative Methods||Human Resource Management|
|Managerial Economics||Business Communication|
|Financial Accounting||Information Technology Management|
|MBA Semester II Syllabus|
|Organization Effectiveness and Change||Management Accounting|
|Management Science||Operation Management|
|Economic Environment of Business||Marketing Research|
|Financial Management||Management of Information System|
|MBA Semester III Syllabus|
|Business Ethics & Corporate Social Responsibility||Strategic Analysis|
|Legal Environment of Business||Elective Course|
|MBA Semester IV Syllabus|
|Project Study||International Business Environment|
|Strategic Management||Elective Course|
Full-time MBA has many streams such as :
- Human Resources
- IT & Systems
- Rural Management
- Disaster Management
- Digital Marketing and many more …
MBA/PGDM Jobs and Career Opportunities
An MBA degree holder is expected to take up the managerial responsibility of the department they are hired for. A manager’s job profile broadly includes planning, strategising, execution, leading the team, liaison with clients, coordinating with other departments, delegation of work and responsibilities, reporting to higher authorities regarding projects undertaken.
|MBA jobs||Average salary per annum (Rs in lakh)|
|Human Resources Manager||4|
|Data Analytics Manager||14|
|Digital Marketing Manager||4.5|
|Advertising Sales Manager||8.5|
|Transport & Logistics Manager||6|
|International Business Manager||9|
|Energy & Environment Manager||6|
|Import & Export Manager||6|
|IT & Systems Manager||7|
|Healthcare & Hospital Manager||4|
|Supply Chain Manager||8|
|Public Policy Manager||7|
*The salary data has been obtained from Payscale.com