MBA: A Detailed Guide

11 minute read

Every organization looks for dynamic professionals with a specialized skill set. Completing a bachelor’s degree may not help you stand apart from the crowd and that’s why it becomes important to obtain a specialization to gain expert knowledge of your chosen field thus creating a great impression on your future employer. It will help them understand your passion for learning and developing new skills. A globally recognized professional degree will also lead you to explore immense career opportunities. MBA is considered to be the most preferred postgraduate degree and when pursued from an internationally acclaimed university, the biggest advantage is exceptional global exposure to the business world. If you are someone searching for the right MBA program, here’s a comprehensive article which will walk you through the various important aspects of pursuing a Master of Business Management.

Features  Details 
Course Name MBA
MBA Full Form Master of Business Administration
Course Level Post Graduation
Types of MBA Full-Time MBA, Part-Time MBA, Distance MBA, Online MBA, Executive MBA and Integrated MBA
MBA Course Fee INR 2 lakh to 27 lacks and above
MBA Admission Process Entrance Exam+ Group Discussion+ Personal Interview
Top MBA Colleges There are 5000+ colleges in India offering Full-Time MBAs. Most popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, FMS Delhi, SPJIMR Mumbai, XLRI, IIM Indore, and IIM Kozhikode among others
Top MBA Specialisations Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics
Average Salary Post-MBA INR 5 lakh to 25 lahks per annum
Top Recruiters Post MBA Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc.

MBA: Program Overview

MBA is a popular academic course among students from all disciplines such as science, commerce, engineering, and humanities. Full-time MBA programmes are the most popular among students. MBA programmes are beneficial to both new graduates and working professionals. MBA programmes teach managerial skills that are applicable to any business. After finishing this course, students want to advance to management positions. The Master of Business Administration (MBA) is the original postgraduate degree granted by business schools around the world, and it was initially offered in 1908 by Harvard University’s Graduate School of Administration (now Harvard Business School).

Why You Should Pursue an MBA?

It is the most sought-after postgraduate degree that every management student aspires for. The reason why it has become popular is the various benefits that you can avail while pursuing this course. Here, we have listed the major reasons why you should pursue this program:

  • Endless Learning Outcomes – The main objective of pursuing an MBA is to enable students to grasp every central element that constitutes the field of Business and Management. Regardless of your academic background, it will provide you with the essential knowledge and skills to run a business along with helping you discover diverse managerial careers. Therefore, students from various backgrounds, whether technical, business, arts, or science, can pursue an MBA to enhance their abilities and aspire for greater career prospects.
  • Better Career Opportunities – MBA is a globally recognized degree which provides a wide variety of career opportunities to explore in various industries. This degree can help you look for job opportunities in different fields such as Information Technology, Finance, Human Resource, Economics, Business Management, Statistics, Hotel Management, Arts, Fashion Designing, Cultural Management, etc.
  • Great Salary Potential – There is a significant difference between the salary of a management graduate and the package of a postgraduate with this degree. In comparison to other employees, MBA professionals will always stand out and are more heavily compensated. Whether in the public or private sector, you can acquire a higher package compared to someone with a graduate degree.
  • Be Your Boss – By pursuing an MBA, you can gain sufficient knowledge to execute your own business which is why many students become entrepreneurs after completing the course. MBA provides you with the requisite knowledge and skills needed to potentially develop and operate your own business. Students can learn Business Management, Business Planning, Financial Handling and Business Analysis to understand the key essentials of entrepreneurship.
  • Personal Development – An MBA can play an imperative role in the personal development of an individual. With a new perspective on the business world, you will get remarkable exposure to the field of Management by studying under the guidance of business leaders. The course will enhance students’ problem-solving skills along with enabling them to become amazing conversationalists and advisers.

Explore: SOP for MBA: Essentials to Mention & Samples

Types of Masters of Business Management Programs

The programs offer a wide variety of specializations. Each program holds a unique value and is designed according to different career fields. There are various types of MBA programs such as:

  • Full-Time MBA Programs – A full-time Masters of Business Administration program provides students with sufficient knowledge and skills to enter the fast-paced industry of Business and Management. The course duration can stretch from 2-3 years depending on the curriculum of different universities and colleges. The course imparts students with a strong theoretical and practical foundation in business concepts. Most universities offer 2-year full-time MBA programs for those wanting to get advanced exposure to the industry.
  • Part-Time MBA Programs – Part-time MBA programs are designed for working professionals who are already working in the industry and need to enhance their knowledge of a particular specialization in the field of Business and Management. Pursuing a part-time MBA program can be beneficial to avail upscale opportunities without having to break away from your regular job.
  • Executive MBA Programs – These programs are also designed for working professionals aiming to enhance and sharpen their administration and managerial skills. This course can help professionals expand their career potential, acquire leadership qualities and gain international management experience. The most interesting feature of this course is its flexibility to customize your course as well as study timings. 
  • Distance MBA Programs – Distance learning refers to obtaining an education without actually having to attend a course in a college. There are various ways of pursuing distance Masters of Business Management programs through online or correspondence courses that allow students to gain knowledge and do thorough discussions over teleconferencing and videoconferencing. One of the interesting features of pursuing distance MBA programs is that the courses can be completed from the comfort of your home without interrupting your work commitments. The courses also come with flexibility in terms of study schedules.  


1st Semester  2nd Semester  3rd Semester  4th Semester
Business Communication and Soft Skills Marketing Management Corporate Governance and Business Ethics Projects and Assignments of Internship 
Corporate Social Responsibility Business Law  Supply Chain Management
Tools and Framework of Decision Making Corporate Finance  Corporate Finance – 2
Principles of Accounting Operations Management Marketing Research
Micro-Economics  Macro-Economics Managerial Economics 
Organisational Behaviour – 1 Organisational Behaviour – 2 Business Intelligence
Quantitative Methods and Statistics Project Management Financial Modeling 
Principles of Marketing Management Optimization and Project Research Strategic Management

Subjects Covered in Masters of Business Management

Finance Subjects 

Risk Management  Project Management, Planning and Analysis
Fixed Income Securities International Financial Management 
Security Analysis  Financial Reporting 
Portfolio Management  Corporate Taxation
Corporate Taxation  Management Control System
Investment Management Quantitative Analysis of Financial Decisions
Financial Derivatives 

Marketing Subjects

Brand Management Digital Marketing 
B2C Marketing  B2B Marketing 
Retail Management  Marketing Management 
Sales and Distribution  Rural Marketing 
Consumer Behaviour Advertising and Sales Promotion 
Marketing of Financial Products  Consumer Behavior 

HR Subjects 

Human Capital Management  Human Resource Management 
Labour Laws  Strategic HR Management 
Business Communication  Business Ethics
Compensation and Reward Management  Talent Acquisition and Retention 
HR Planning and Development  Human Resource Audit 
Cross culture and international HR Management  Learning and Development Management
Organisational Design Performance Management and Competency Mapping

Operation Projects 

Logistics Planning and Control  Theory of Constraints 
Project Management  Supply Chain Management 
Inventory Control and Management  Operation Analytics 
Production, Planning and Control  Business Strategy and Consulting 
Product Development and Innovation  Global Operation Management 
Production Engineering and Lean Management 

Eligibility Criteria

While enrolling in an MBA course, certain requirements need to be fulfilled to get admission into your desired college. The following are the major eligibility criteria:

  • Applicants are required to complete their secondary and senior secondary education from a recognized board of education. 
  • Applicants are required to have completed their bachelor’s degree with an aggregate total of 50% in the course. 
  • There is no restraint regarding the course you studied during the bachelor’s. Students from any background can pursue MBA.
  • Applicants are required to give certain entrance tests specified by the college or university they are applying for.
  • Applicants are required to give the GMAT or GRE examinations to get admission into an MBA college. 
  • Applicants are required to have work experience of a minimum of 2-3 years in any respective field.
  • Some universities also require applicants to qualify for language proficiency tests such as IELTS or TOEFL.

Also Read: Eligibility for MBA


Since a manager is expected to lead a group of professionals, effective communication and leadership abilities are crucial for a manager to possess. Here are some of the abilities needed for an MBA/PGDM:

Full-time MBA: Required Skillset
Business acumen Good communication skills
Problem-solving Skills Management skills
Strong mathematical skills Research-oriented
Analytical thinking Leadership qualities
Eye for detail Goal-oriented & able to work under pressure

Different Specializations

MBA is a course that is structured to help you develop leadership and managerial skills. The initial phase, i.e. the first year of an MBA program is structured to build a solid foundation of the basic management concepts and understanding of the core subjects of the field. The latter part of the program is structured to help you learn and develop skills in a specialized area of Business and Management. You can choose the specialization you want to work in and study it in a detailed manner.

Let us have a look at some of the different specializations:

MBA in Marketing MBA in Finance MBA in Insurance 
MBA in Insurance & Risk Management MBA Operations MBA in Productions
MBA Healthcare Management MBA in International Business MBA in Logistics and Supply Chain Management
MBA in Banking MBA in Interior Designing MBA in Airport Management
MBA in Information Technology MBA in Aviation Management MBA in Agribusiness
MBA in Entrepreneurship MBA in Power Management MBA in Material Management
MBA in Media Management MBA in Data Analytics MBA in Agriculture
MBA in Energy Management MBA in Communication MBA in HR
MBA in Logistics MBA in Computer Science MBA in Pharmaceutical Management
MBA in Retail Management MBA in Construction Management  MBA in Foreign Trade 
MBA in Digital Marketing  MBA in Healthcare MBA in Accounting 
MBA in Quality Management  MBA in Fashion Management  MBA in Banking and Finance

Explore: Best Country for MBA

Top Colleges Abroad

Most of us aspire to pursue our MBA abroad, the trouble is always choosing the right college or university for ourselves. Mentioned below are the top colleges to pursue this course from abroad:

Name of University  Location  QS Global MBA Ranking  Average Cost Per Annum in INR
INSEAD  Singapore  3 76,05,000
London Business School  United Kingdom  6 82,90,640
The Wharton School  United States of America  1 1,23,79,221
HEC Paris  France 7 49,19,000
Kellogg School of Management United States of America  10 57,03,750
Harvard Business School  United States of America  5 1,11,71,692
Stanford Graduate School of Business  United States of America  1 1,13,64,276
MIT Sloan  United States of America  3 1,17,38,760
The University of Chicago Booth School of Business  United Kingdom  8 91,26,000

Must Read: How to write SOP for MBA

Top Countries for Masters in Business Administration

The programs are offered in universities and colleges across the globe. We have listed down the countries renowned for their programs and their leading Management institutes and Business schools:

Top Colleges in India 

Mentioned below are the top business schools in India with their NIRF ranking.

Name of College  NIRF RANKING
IIM Bangalore 2
IIM Indore 7
IIM Ahmedabad 1
IIM Lucknow  4
IIM Kozhikode 6
IIM Calcutta  3
MDI Gurgaon 10
IIT Delhi  8
VGSOM – IIT Kharagpur 5
XLRI Jamshedpur 9

Entrance Exams in India 

Here is a table of the list of entrance exams for Masters of Business Management in India, along with their tentative and announced dates.

MBA Exam Name  Application Status
CAT Over (last date was September 21, 2022)
CMAT To be announced
SNAP Underway (last date is November 24, 2022)
IIFT  Underway (last date is November 24, 2022)
XAT Underway (last date is November 30, 2022)
MAT Underway (Last date December 13, 2022)
NMAT  Over ( last date was October 10, 2022)
ATMA To be announced

Career Scope: Jobs Roles and Salary

A job with this course qualifies a person for managerial positions such as team lead and department manager. Planning, strategy, execution, team leadership, client liaison, departmental coordination, delegating work and responsibilities, and reporting to higher authorities about projects undertaken are all generally part of a manager’s job description. Some of the well-liked career paths after the course are listed below, along with the associated salaries:

MBA jobs Average salary (INR)
Finance Manager 9.6 LPA
Marketing Manager 10 LPA
Sales Manager 10 LPA
Human Resources Manager 4 LPA
Operations Manager 7 LPA
Product Manager 15 LPA
Data Analytics Manager 14 LPA
Digital Marketing Manager 4.5 LPA
Advertising Sales Manager 8.5 LPA
NGO Manager 5 LPA
Project Manager 13 LPA
Telecom Manager 7 LPA
Transport & Logistics Manager 6 LPA
Infrastructure Manager 11 LPA
International Business Manager 9 LPA
Risk Manager 10 LPA
Energy & Environment Manager 6 LPA
Import & Export Manager 6 LPA
IT & Systems Manager 7 LPA
Healthcare & Hospital Manager 4 LPA
Materials Manager 6 LPA
Retail Manager 5 LPA
Supply Chain Manager 8 LPA
Public Policy Manager 7 LPA

Top Recruiters

MBA Top Recruiters
BCG Citibank
Deloitte ITC
Avendus Samsung
Mahindra Aditya Birla Group
Reliance Vodafone
HDFC Larsen & Toubro
JP Morgan Chase & Co. HSBC
PWC Philips
McKinsey&Company Nestle
Asian Paints Cipla
RPG Flipkart
Tata Saint Gobain
TAS Crisil
Wipro Credit Suisse
Microsoft Bajaj
Accenture Infosys
Microland GAR
Amazon Pidilite

Also Read: MBA Career Options

Job Oriented Courses

After completing your degree, there are millions of other courses you can explore to get deeper into a specific field. There are job-oriented courses after MBA that will help you progress in your career. These courses are structured to help you develop skills that are oriented to the role you will be filling and specifically structured to help you enter your chosen career field. Some of these courses include: 

  • Society for Human Resource Management Certification: Conducted by the HR Members Association, this course trains students for highly competitive situations and for handling pressure in the business industry.
  • Marketing Management Professional Care: Structured to provide an overall view of the field of Marketing Management, this course is for those who want to move forward in a career in Marketing.
  • Certification for Financial Analyst: This is a course in Finance and teaches students about the important aspects of the financial world. 

Also Read: Job Oriented Courses after MBA


Q1. What is the qualification for an MBA?

Ans. MBA Admission requires students to obtain a bachelor’s degree from a recognised university with a minimum of 50% of total grades or higher. Candidates must also pass entrance tests such as the CAT, XAT, MAT, SNAP, and others, depending on the college’s requirements.

Q2. Which MBA course has the highest salary?

Ans. Which MBA makes the most money? MBA in Business Analytics, MBA in Finance, and MBA in Entrepreneurship are three of the highest-paying MBA specialisations. Salary ranges for each of these fields range from 70,000 USD to 90,000 USD (or 60,00,000 INR to 90,00,000 INR per year).

Q3. How many years is an MBA?

Ans. In general, an MBA is a two-year post-graduate degree programme in business management and administration.

Hopefully, this blog helped you explore the key integrals of an MBA as well as the career prospects that you can discover after completing the degree. It is important to make an informed decision about choosing the right program. Let Leverage Edu experts can guide you through the process of selecting an ideal MBA program, accomplishing the application process and fulfilling the essential steps to successfully land in your dream business school.

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    1. Hello Isaac,
      Great to know that you are planning to pursue MBA in Canada. Here are a few detailed guides that will help you know more about the MBA in Canada:
      You can even connect with our Leverage Edu experts at 1800572000 and they will help you with kickstarting your MBA journey in Canada in 2022!

    1. Hello Isaac,
      Great to know that you are planning to pursue MBA in Canada. Here are a few detailed guides that will help you know more about the MBA in Canada:
      You can even connect with our Leverage Edu experts at 1800572000 and they will help you with kickstarting your MBA journey in Canada in 2022!

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