What is MBA & how to apply in 2024

What is MBA? What is the eligibility for MBA? Benefits of doing an MBA, what is the working area of ​​an MBA?

Estimated salary after MBA course. Suppose you are looking for answers to these questions related to MBA. Then this post is for you only.

What is MBA?

The full name of the MBA is Master of Business Administration. MBA is a postgraduate degree.

MBA course proves to be helpful for all those people. Those who want to make their career in Business Management.

Nowadays there is a demand for MBA Professionals in all Multinational Companies. To do an MBA course, the candidate has to do graduation first.

Without Graduation, the candidate will not get admission to college. You have an entrance exam before admission.

The MBA degree started in the country of America in the 19th century. MBA course is of two years duration.

In two years you can understand MBA very well. In MBA, you have to study accounting, applied statics, business communication, business ethics, business finance managerial, management, and business law.

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Educational Qualification for MBA

If you want to do an MBA. So for that, it is mandatory for you to have a Graduation Degree first. Be it from any stream.

You should have 50% marks in Graduation Degree. CAT entrance exam is conducted by IIMs for taking admission in MBA in India.

Apart from this, you can get admission to MBA by giving CMAT, XAT, and MAT exams. If you qualify for the entrance exam. So you can take admitted to an MBA.

Apart from this, admission to an MBA in many colleges is also done without an entrance exam.

If you want to take admitted to an MBA from a good university abroad. So you should contact the university there and get information about the admission schedule there.

Various Fields of MBA – Various Fields of MBA

You can do MBA in many streams in India such as:-

• Human Resources
• Banking
• Finance
• Information Technology
• Marketing
• Accounting
• Supply Chain Management
• Operations Management
• International Business
• Rural Management
• Agri-Business Management
• Health Care Management

Human Resource (HR)

The term Human Resources was first used in the 1960s. The main function of a person related to human resources in an organization or institute is to arrange the necessary staff and workers for the organization.

Along with this, the interests and rights of every employee working in the institute or organization have to be taken care of.

A company is more likely to be successful only then. When she manages all her Employees well. In this way, the role of HR is very important for any institute or organization.

Banking

If you want to work on a good post in a bank. Then MBA can be a great option for you.

Finance

Like banking, the scope of finance is also very big. In the last few years, doing MBA in this field is also right.

Information Technology (IT)

It is a growing field. Which provides various job opportunities for people with technical skills, knowledge and in the field related to IT. There are some popular career options in the IT sector.

Marketing

There are a lot of job opportunities in the marketing field. If you have the ability to impress someone. Then this field can be a great option for you.

What is the salary after doing an MBA?

After doing an MBA, it is generally seen that placement is done at the initial level only on the annual pay scale ranging from 1,30,000 to 1,50,000.

Later on the basis of experience, an increase of up to 25-30 lakh annual pay scale is seen. If you get a job in a foreign company, this package can increase even more.

Based on the Mode of Education and Course Curriculum MBA in India can be classified into the following sections such as –

• Full-time MBA
• Executive MBA
• Part-time MBA
• Distance Learning MBA

1. Full-time MBA

A full-time MBA usually comprises 4 semesters. Which includes Research Ministry and Project Work, Industrial Exposure, and Summer Internship.

In this, students get their Respective Major and Minor Specialization Subjects.

The choice of specialization subjects generally includes Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behavior, Risk Management, and many more.

2. Executive MBA

As the name suggests Executive MBA is specially designed for working executives. So that they can pursue their career along with getting a degree.

It is also called EMBA. The program enables executives, business professionals, and managers of various organizations to explore opportunities for growth and development in their careers.

It provides further updating to the professionals in their managerial skills.

This course curriculum focuses on personal development, and the inter-relationships that exist between different relationships, and teaches aspirants to adopt a scientific approach to deal with various aspects of business and handle the responsibilities of senior management efficiently. As such it is different from a regular or full-time MBA.

Part-time MBA

Anyone can do a Part-time MBA. These are for all those people who cannot do a full-time MBA due to time constraints and various other reasons.

The people pushing it are mostly working people. Various vocational schools offer these courses.

Distance Learning MBA

Distance Learning is like Correspondence. There is no need to attend classes in a year or attend a few classes and appear for examinations.

Study material can be home delivered in the form of paper material, television programs, CD/DVD, e-mail, etc.

Most business schools and universities have a department of distance education. who offer these courses.

Top MBA Colleges in India

• Indian Institute of Management – Ahmedabad
• Indian Institute of Management – Bangalore
• Indian Institute of Management – Calcutta
• Indian Institute of Management – Lucknow
• Indian Institute of Management – Indore
• Indian Institute of Management – Kozhikode
• Faculty of Management Studies – Delhi
• XLRI: Xavier School of Management – Jamshedpur
• IMT: Institute of Management Technology – Ghaziabad
• SP Jain Institute of Management and Research – Mumbai

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