
MBA (Master of Business Administration) is a postgraduate degree which was first introduced by Harvard University Graduate School of Administration (now known as Harvard Business School) in 1908. If you want to learn management skills, start your own business or advance your career, this course is a perfect fit for you.
The admission process for MBA program in India involves the following steps.
Follow these steps to fill out the application form for the same:
Also Read: MBA Entrance Exam Preparation Without Coaching
There are four types of MBA programs which a student can opt for according to their career stage, desired time commitment, and specific career goals:
Full-time MBA: This program helps students to gain real-world experience through first-hand projects and internships and the time duration of this program is 2 years.
Part-time MBA: This program is specially designed for working professionals who want to advance their education while pursuing their respective jobs and the time duration for this is 2-4 years.
Executive MBA: This program is ideally suitable for mid-to-senior level professionals (C-suite positions) with work experience of 5+ years and the time duration for this is 1-2 yrs in a part-time format.
Online/Distance learning MBA: This program is particularly for those working professionals who are unable to attend regular classes with online/correspondence options and the time duration is 2+ years.
Accreditation: Whether the college is AICTE approved and UGC recognized or not.
Reputation and Ranking: A good reputation of the college plays a major role in getting better job opportunities and valuable network.
Faculty Expertise: Experienced professors and their valuable teachings can drastically enhance students learning experience.
Affordable fee structure: Cost which is within the financial reach of an average person.
Internships and Placements: Check for the placement data (average/median packages and brand value in the market).
Alumni network: A strong alumni network plays a vital role throughout in a graduate’s professional life.
Location: Consider a B-school which is close to home and is a best fit according to ones needs. Location can influence networking opportunities, access to specific industries and cost of living.
Campus culture: Determine if the school’s campus environment is a good fit or not.
Student counseling services: To check for resources like career counselors, academic advisors, mental health support systems which plays a vital role in student’s well being and success.
The most crucial and important step in the MBA admission process in India is cracking the entrance exam and the most popular ones are CAT (Common Aptitude Test), Xavier Aptitude Test (XAT), or Graduate Management Aptitude Test (GMAT).
CAT (Common Aptitude Test)- This is conducted by IIMS (International Institute of Management Studies) and is the most popular entrance exam for MBA admissions in India. This is typically conducted in November.
XAT (Xavier Aptitude Test)- This is organized by XLRI (Xavier School of Management, Jamshedpur) and is another significant entrance examination. This is held in January.
GMAT (Graduate Management Aptitude Test)- This is conducted by Graduate Management Admission Council (GMAC). It is often required for international MBA programs. It is a standardized exam for assessing quantitative, verbal, analytical, and data interpretation skills crucial for student’s success in a business school. This entrance exam is conducted throughout the year.
Also Reads: Top MBA Colleges Accepting CUET PG Scores
The eligibility criteria for MBA courses in India may vary depending upon the type of program one is opting for and the institution from where one is doing it. The basic requirements are:
The standard teaching pattern of MBA courses in India is as follows:
Top industries which are hiring MBA professionals are:
Answer: There is no such best MBA program. Students can choose their MBA course according to their academic interest, choice of certification course, and training program offered by the college/university they are opting for.
Answer: No, prior work experience in not compulsory to apply for an MBA program; however, it can be of an added advantage to students if they have some prior work experience. Prior experience will also contribute to practical application of theoretical knowledge which they will gain in a proper classroom setup by renowned lecturers.
Answer: No, there is no maximum age limit to apply for the same, but it is always advisable to begin it right after the graduation as people are visionary and are more responsive at this young age.
Answer: Yes, PGDM is better than MBA because it is more practical oriented whereas MBA focuses mainly on the theoretical aspect. A student just need to check on the accreditations before applying that whether the institute which is offering the program is AICTE approved or not.
Answer: Some top universities and colleges do offer dual specialization allowing students to combine two areas like Marketing & Finance or Operations & HR in their second year, making graduates more versatile and employable. IIMs, IITs, Symbiosis, NMIMS, Christ University, Amity, etc., are amongst those top colleges/universities.