MBA, which stands for master of business administration, is a dedicated academic program oriented toward management and marketing. It is a two-year post-graduate degree course in business management and administration that includes subjects such as organizational behavior, marketing, principles of management, supply chain management, etc. This course is considered one of the most popular post-graduate courses in India and abroad.
An MBA degree is a necessity for most managerial-level jobs across several domains and sectors. This is why nowadays a large number of BTech, BBA, BCom, BA, BSc, and BCA graduates opt for MBA in post-graduation. MBA admission is based on the MBA entrance exam followed by a personality assessment test round (Group Discussion or GD, Written Ability Test or WAT, and Personal Interview or PI).
There are several colleges/universities across India that are considered great for pursuing MBA. However, if consider number 1 it has to be IIM Bangalore. IIM Ahmedabad and IIM Calcutta are ranked number 2 and 3 respectively. Regardless of facing stiff competition from IIMs, top PGDM B-schools such as FMS Delhi, XLRI, SPJIMR, MDI, NMIMS, IMT, and IMI are on top as well.
Now, let’s dive into some top colleges that provide MBA admission in India:
- Indian Institute of Management Bodh Gaya (Bihar)
- Indian Institute of Management Sirmaur (Himachal Pradesh)
- Army Institute of Management, Kolkata (West Bengal)
- School of Management, O.P. Jindal University(Haryana)
- CMS Business School, Jain University(Karnataka)
- Christ University(Karnataka)
- Delhi School of Economics, University of Delhi(Delhi)
Generally, students are required to have more than 50 percent of their undergraduate degree from any stream to pursue an MBA course. The most popular MBA entrance exams are CAT, GMAT, XAT, etc. When it comes to fees, the MBA fee generally ranges between INR 10-25 lakhs depending on college to college. For instance, there are certain very popular top colleges where the fee, of course, is much lower than INR 10 lakhs such as FMS Delhi, JBIMS Mumbai, etc.
Top recruiters for MBA include Apple, Amazon, Bain & Company, Deloitte, Citigroup, Accenture, etc. The roles generally offered to them are of middle management levels such as Finance Manager, Product Manager, Strategy Manager, HR Manager, etc. After completing the MBA degree, students can conveniently get jobs with salaries ranging between INR 8 Lakhs to INR 30 Lakhs per annum.
All in all, MBA is a very popular course because students from any background – science, commerce, arts – can pursue it. As described earlier too, it is a two-year course that is divided into four or six semesters. However, there are some private institutes that offer one-year PGDM programs as well. If you wish to get admission to the best MBA colleges and need admission counseling, feel free to connect with the team at Collegestoria.