The Master of Business Administration is a popular career option after graduation amongst graduates. Be it a student hailing from a technical background like Civil Engineering or one with a non-technical program like MBBS, MBA is open for almost everyone, thanks to the plethora of specializations that it has to offer. Catering to the growing demand for such professionals, colleges and universities across the world, including those in India, provide this program thus giving an opportunity to enter the corporate world and secure high-level managerial jobs. So through this blog, we will discuss the various MBA courses in India and how are they helpful to you for a successful career ahead.
This Blog Includes:
MBA Courses in India: An Overview
With business schools like IIM Ahmedabad, IIM Bangalore, and ISB ranked in the top 100 in the QS Global MBA 2021 Rankings, the Indian institutes provide students with a platform to gain knowledge and global exposure in this field. Apart from the Full-time and Executive programs, there are also many institutes offering online MBA in India and 1 year MBA in India. Even though there is an array of MBA streams like MBA in HR, MBA in Information Technology, MBA in Healthcare Management, and MBA in Finance available, there are certain specialized MBA courses in India that are new and unique. Let us give you an insight into the various master in business administration courses that are prominent to just India.
|Name of the Course
|Master of Business Administration
|Types of MBA
|Part-Time MBA, Full-Time MBA, Online MBA, Distance MBA
|Entrance Exam and Personal Interview
|INR 4 Lakh – INR 28 Lakh
|MAT, CAT, CMAT, XAT, ATMA, IBSAT, NMAT
|IIM Calcutta, IIM Ahmedabad, IIM Bangalore
|INR 7 Lakh to INR 25 Lakh
|Amazon, Facebook, JP Morgan Chase, Adobe, etc
Also Read: CAT exam pattern
Why You Should Consider MBA?
This is one of the best things you need to know about an MBA. If you want to boost your career options, MBA would undoubtedly prove beneficial. As the business world is highly competitive as well as saturated with numerous companies, business owners always look for candidates that possess leadership and managerial skills to bring more contributions to the company. If you know the techniques of managing a business properly, you will be able to stand apart from the competitors. Here are a couple of great advantages you need to know about an MBA:
- Higher Salary
- Better Career Opportunities
- Develop Leadership Qualities
- Developing Industry Network
- Entrepreneurial Skill Development
What are the Different Types of MBA Courses?
There are different types of formats and modes available for MBA courses. Even though the full-time MBA program of a 2-year duration is the best choice, you will also find numerous popular choices that will help you achieve newer heights as per your career options. Nowadays, online MBAs and executive MBAs have started gaining too much traction, thanks to their flexibility. Here are the different types of MBA options you need to know:
- Full-Time MBA
- Distance MBA
- Part-Time MBA
- Executive MBA
- 5-Year Integrated MBA
MBA courses in India: Eligibility Criteria
When it comes to studying MBA programs in India, it is important to clear certain prerequisites. The candidate must have secured a minimum of 50% in a bachelor’s degree (minimum 3 years) from a recognized university. Further, if a candidate is applying for an Executive MBA in India, then at least 8-10 years of work experience is required. It is important to note that to secure admission in the MBA courses in India, the candidates need to clear certain MBA entrance exams with good scores. The most popular exams are given below:
Note: Each entrance test may have its own eligibility criteria. It is thus important to go through the criteria of the exam before applying.
MBA in Rural Management[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
In terms of contribution made to the national income, the rural economy constitutes a staggering 46% of it as per a paper published by the NITI Aayog. From construction activities and agriculture to manufacturing and household activities, the rural workforce forms an integral part of the Indian ecosystem. But to handle such a massive workforce and their related activities, the demand for professionals who are experts in rural management has been on the ascend. One such program to gain the requisite knowledge in this area is the MBA in Rural Management. The course imparts knowledge and equips students with skills to conceptualize strategies related to rural areas, cooperatives, and other institutions. Further, the students also learn about the strategies to manage the sector and implement sector-related policies on a larger scale. The graduates can work in various industries and can find employment at various posts in agri-businesses, micro-finance institutions, NABARD, etc. and so on. Unlike the other types of MBA courses in India, the curriculum of this 1-2 year program is specially designed with an aim to apply management principles so as to improve the rural sector. The key topics covered under this program are Macroeconomics, Rural Society and Polity, Financial Accounting, Green Business, and Sustainable Development, Agriculture Input Marketing, E-Business for Rural Enterprise Development, and Geo-informatics. Some of the most popular colleges offering MBA in Rural Management are:
- IIMs (Ahmedabad and Lucknow)
- Institute of Rural Management Anand
- IIFM Bhopal
- Xavier School of Rural Management
- Tata Institute of Social Sciences
- KIIT School of Rural Management, Bhubaneswar
MBA in Family Business
Did you know, family businesses alone constitute a whopping 85% out of all the businesses running in India? Out of the many MBA courses in India that allow students to enhance their entrepreneurship skills through a diverse syllabus and industry training is an MBA in Family Business. It offers students a platform to expand and strengthen their family business by acquiring knowledge in areas like Cost Management, Financial Statement Analysis, Marketing Analysis, Business Environment and Strategy, Distribution and Logistics, Family Relations during transitions, Sustainable Innovations, Operations and Decision Sciences, etc. Listed below are some of the top MBA colleges in India which offer this course:
- IIM Bangalore
- Indian School of Business (ISB)
- NMIMS Mumbai
- S.P. Jain Institute of Management and Research
Note: The course duration may vary between 10 months to 2 years depending on the university. It is advised to go through the criteria before applying.
MBA in Agribusiness
Agriculture and its allied sectors constitute an important section of the Indian economy. Agribusiness is one such area that aims at managing and commercializing the agricultural sector through the implementation of management principles at a macro and micro level. Owing to the fact that more than half of the population in India depends on agriculture for livelihood, there has been a growing demand for professionals in the field who have specialized in areas related to Agribusiness such as farm machinery, export-import, distribution, crop production, agrichemical, processing, breeding, finance management, taxation, trading and supply chain, etc. The curriculum of these types of MBA courses in India imparts knowledge and equips students with the skills required to manage the organizations that process, manufacture, market, and distribute consumer-friendly agricultural products. Some top colleges offering MBA Agribusiness are mentioned below:
- Institute of Agri-Business Management (IABM)
- Birsa Agricultural University
- SIIB, Pune
- Kerala Agricultural University
- ITM University
MBA in Disaster Management
Life is unpredictable and so are disasters. With an aim to prevent and reduce the damage caused by a natural or a man-made disaster and protect the resources, the need for disaster management professionals has been ascending all over the world. The students pursuing disaster management MBA courses in India will gain expertise in handling, mitigating and executing plans to cope with various life-threatening situations efficiently. Since the need for such experts is required in every industry, the MBA in Disaster Management graduates can build a rewarding and successful career by working in an array of profiles in both private and government agencies. Some of the common topics taught to the students in this program include Human Resource Management, Strategic Management, Risk Assessment, Management of Urban Disasters, Research methods, etc. Listed below are some of the popular universities and institutes offering this program in India:
- Anna University
- Tata Institute of Social Sciences
- Guru Gobind Singh Indraprastha University
- Indian Institute of Ecology and Environment
- Disaster Management Institute
- Disaster Mitigation and Management Centre
Apart from the above-mentioned MBA courses in India, here is a list of some other popular programs you might want to look forward to:
- MBA in Business Analytics
- MBA in Logistics and Supply Chain
- MBA in Production and Quantitative Methods
- MBA in Information Technology
- MBA in International Business
- MBA in Banking
- MBA in Entrepreneurship
- MBA in Airport Management
- MBA in Aviation Management
When you complete your MBA course, you will receive a degree. Whereas, when you complete the PGDM course, you will receive a diploma.
Even though there are different types of MBA courses available in India, an MBA in HR, Sales & Marketing, Operations, and Information Technology are some of the best options.
When you complete your MBA course, you will undoubtedly receive high-paying jobs.
Hopefully, through this blog, you have got all the necessary information regarding the various MBA courses in India. But if you are thinking to pursue an MBA in popular study abroad destinations then you must know that the deadlines for the 2023 intake are closing soon. To ease your admission process, you can reach out to us at Leverage Edu or contact us at 1800 57 2000 where our expert counsellors will assist you in not only choosing the university catering to your needs and area of interest but also help you in completing admission-related formalities.