Full Details on MBA

Full Details on MBA

Full Details on MBA,Sep 05, 2023

Online MBA

Sep 05, 2023

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Full Details on MBA: List of Courses, Subjects, and Colleges

MBA is Master of Business and Administration, a globally recognized postgraduate programme that equips learners with specific skills to conquer business and management challenges. MBA facilitates students with the capabilities needed to advance their career goals and desires and build leadership qualities, bestowing the occasion to expand their professional connections while hastening the progress of their earned salary potential.

MBA offers an integrated approach to business education and a path to accomplish the desired objectives in commerce. Pursuing an extensive MBA degree Programme for two years from any renowned university can cost substantially, ranging between $10k to $50k.

However, Higher costs may remarkably increase for more esteemed colleges. Some of the world's top programmes potentially exceed $100k. Any students considering financial undertaking will consider the dormant Return on Investment(ROI).

The Average salary of an MBA Graduate in India is approximately INR 70k - 80k, while in other countries, it is approximately $80k-$90k, while in Canada, this figure falls around $70k.


MBA Course Overview

MBA stands for Master of Business Administration and is a broadly recognized postgraduate programme with a long history. In the Late 19th and 20th centuries, the MBA originated in the United States of America to meet the demands of a promptly industrialising economy.

The need for the first Business School arose with the complexities of expanding business, so the need for qualified professionals to manage them. The first Business School formed a new form of education that equips seekers with the knowledge and skills of the business world. Since then, the MBA become one of the most favourite postgraduation degree courses globally.

In the contemporary world, Thousands of students pursue an MBA course each year, which equips them with the skills required to conquer several domains, including Finance, Marketing, Operations, Human Resources, and analytics.

MBA opens the door to an ocean of opportunities in respective specialisations, including MBA Finance, MBA Pharma, MBA Digital Marketing, and many more. MBA arms students with a perfectly mixed education in business theory, practice, and application, preparing graduates to succeed in several fields and industries.

Key FeaturesDetails
Course[MBA] Master of Business Administration
DegreeMaster/ Post Graduate
Course typesFull-Time Regular MBA, Online MBA, Distance MBA, Part-Time MBA,
and Executive MBA
SpecialisationsMarketing, Finance, HR Management, Operations, Business Analytics, 
Consulting, Supply Chain Management, Energy, Entrepreneurship, 
Logistics Management, Healthcare Management, Hospital Management, 
Block Chain Management, and Technology
Average MBA SalaryIndia – INR 10,00,000 
USA – $80k - 90k
UK – £50k - 55k
Canada – CAD 80k - 90k
Australia – AU $60-$70k 
Average MBA Fee at 
Top Business Schools
$90,687 – $230,636
Popular Entrance ExamsGMAT, GRE, and CAT
India’s Top Business SchoolsIIM Ahmedabad, IIM Bangalore, IIM Calcutta, ISB, IIM 
Lucknow, IIM Ghaziabad, SPJIMR Mumbai, XLRI Jamshedpur,
USA’s Top Business SchoolsHarvard, Stanford, Columbia, MIT Sloan, Duke Fuqua, 
Cornell University-Johnson, Wharton School of Business, 
Michigan Ross, USC Marshall, UCLA Anderson, UT Austin McCombs, 
Carnegie Mellon Tepper, and UNC Kenan-Flagler
Euroope’s Top Business SchoolsINSEAD, Cambridge Judge, London Business Schools, Oxford, 
HEC Paris, and IMD
Australia’s Top Business SchoolsMonash Business School, Melbourne Business School, Australia Graduate
School of Management, and MGSM Macquarie
Canada’s Top Business SchoolsSchulich School of Business, Rotman School of Management, 
Ivy Business School, HEC Montreal, McGill Desautels,
M7 Business SchoolsHarvard Business School, Chicago Booth, Columbia Business 
School, Kellogg School of Management, Wharton School of 
Business, MIT Sloan, and Stanford GSB.
Ivy League Schools – MBAHarvard Business School, Wharton School of Business, 
Columbia Business School, Yale SoM, Johnson College of 
Business, and Dartmouth Tuck.

 

What is the Admission Procedure for an MBA?

In order to get admission into top Business schools, it is indispensable to understand what the admission council is looking for. The evaluation of the admission committee is based on some critical eligibility criteria: interpersonal skills, intellectual aptitude ability, demonstrated leadership qualities, and overall personal.

Entrance Exams such as the GMAT, GRE, and CAT furnish awareness of an individual’s intellectual aptitude. Interpersonal abilities are demonstrated on the basis of their extracurricular activities and prior work experience. Leadership roles in some events and volunteerism in other initiatives prove an individual's leadership ability. 
 

Factors Affecting Salary in MBA

Since MBA schools are very competitive and highly sought-after, many factors may influence the earning budding. These factors include industry sector, experience level, school reputation, and location.

Experience plays an important role when it comes to salary. A person with more experience is more likely to secure high-paying jobs and positions. MBA Specialisation also plays a role in an individual’s life; the entrance exam score also matters regarding salary. So, get good CAT and GMAT scores if you want top packages.

Location is also a factor on which salary matters, as salaries differentiate according to different locations. Lastly, the college or university's reputation from which individuals gained their degree also determines the salary packages.

Top Careers for MBA

CareersAverage Salary
Financial Analyst₹40,000-60,000
Personal Financial Advisor₹20,000-37,000
Financial Manager₹35,000-40,000
Training and Development Manager₹25,000-40,000
Financial Service Manager₹20,000-60,000

 

Entrance Exams An individual need to gain admission to TOP MBA Colleges

Students must take Entrance Exams such as the Common Admission Test (CAT) or Graduate Management Admission Test (GMAT) to gain admission to top Business schools.

Though both entrance exams are designed to investigate an individual’s aptitude for some business areas, they might differ in content and structure. CAT focuses on verbal and logical ability, while GMAT centres on quantitative reasoning and verbal skills. In recent years, more MBA colleges have increasingly accepted the GRE (Graduate of Record Examination).

GMAT will be the best choice for an individual who is willing to pursue an MBA. However, the GRE will be the best if one is unsure about whether an MBA is the right choice for their career.

Specialization in Online MBA

MBA in Marketing ManagementMBA in Operations Management
MBA in HR ManagementMBA in IT Management
MBA in Business AnalyticsMBA in International Business Management
MBA in Logistics and Supply Chain ManagementMBA in Data Science
MBA in Finance and Marketing (Dual)MBA in Data Science and Analytics (Dual)
MBA in Healthcare ManagementMBA in Marketing & HR Management
MBA in Project ManagementMBA in Retail Management
MBA in Banking & Finance ManagementMBA in Digital Marketing
MBA in Entrepreneurship and Leadership (Dual)MBA in Digital Marketing and Ecommerce
MBA in Financial Markets ManagementMBA in Banking, Financial Services and Insurance (BFSI)
MBA in Fintech ManagementMBA in Hospital & Healthcare Management
MBA in Oil and gas ManagementMBA in Agri Business Management
MBA in Hospitality ManagementMBA in Hospital Administration
MBA in Banking and InsuranceMBA in Human Resource Management and 
Finance Management (Dual)
MBA in Production and Operation ManagementMBA in Finance Management
.

Frequently Asked Queries

MBA stands for Master of Business Administration. MBA is a post-graduate course that is recognized and valid worldwide. MBA provides learners with the necessary knowledge and skills to enter careers in the business and management world.

Master of Business Administration is a two-year postgraduate course.

Several Indian Business schools offer full-time MBA Programmes that accept GMAT scores for Domestic students. International students are reunited to take the GMAT exam to apply.

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