MBA, Eligibility, Highlights, Types Of MBA, Salary

Updated on 24 Aug 2021

MBA

MBA is a 2 year program available for all the graduate students looking for masters in business administration specialization. Students should have scored a minimum of 50% aggregate in bachelor's degree. MBA is a vast field with various opportunities and streams in marketing and finance etc.


MBA Course Details 

  • MBA full form is Master of Business Administration. 
  • MBA Fee ranges from INR 2-30 LPA depending on the college.
  • MBA Admissions are based on MBA Entrance Exams conducted either at the national or university level. 
  • Top MBA Entrance Exams: CAT, MAT, XAT, SNAP, NMAT, GMAT.
  • Regular MBA, Distance MBA, Online MBA, and Executive MBA are the most common types of MBA pursued in India.
  • A regular MBA or PGDM is a two-year course, however, students can also pursue One Year MBA programs.
  • Most of the colleges offer PGDM or PGPM courses which are more or less similar to MBA. 
  • Students who wish to excel in the MBA Specialization can opt from any of the Master of Business Administration Courses such as MBA Marketing, MBA Finance, MBA in HR, and alike. 
  • There are a variety of MBA Jobs available in both the private and government sectors. 
  • Top Recruiters of Master of Business Administration are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.
  • On average, an MBA Salary can range anywhere between INR 8-28 LPA. 
  • MBA Placements at top MBA colleges record the highest placement offers of INR 16-27 LPA.
  • Apart from IIMs, students can also pursue MBA From IITs. Seven IITs offer Master of Business Administration through their Department of Management Studies. 

MBA Highlights

MBA Full Form

Master of Business Administration

MBA Programs

Part-time, Full Time, Online, Distance, Correspondence

MBA Subjects

Project Management, Marketing Management, Principles of Marketing Management etc

Average MBA Salary (INR)

5,00,000 – 25,00,000

MBA Online

Amity University, Symbiosis Pune

Top MBA Colleges

All IIMs, IITs, NMIMS, Symbiosis, SP Jain etc

MBA Fees (INR)

2,00,000 – 27,00,000

MBA Specializations

MBA Finance, MBA Marketing, MBA Hr, MBA IT etc

 

 Types Of MBA


Types of MBA

Eligibility

Admission

Fees (INR)

Executive MBA

Bachelor’s Degree + Work Experience

Merit/ Entrance Based

15,00,000 - 27,00,000

Distance MBA

Bachelor's degree with 50% and to have a work experience of 2 to 3 years

Merit/Entrance-Based

40,000 - 70,000

Online MBA

Bachelor’s Degree

Merit-Based

40,000 - 50,000

1 Year MBA

Bachelor’s Degree with 5-10 Years of Work Experience

Entrance Exam

INR 7,00,000 - 24,00,000

Part-time MBA

Bachelor’s Degree with 50%

Merit/Entrance-Based

INR 10,00,000 - 17,00,000


Full Time MBA :- It’s a 2years professional course which is the most demanded course pursued by students. Students learn in depth in specific specializations. Its fee ranges from 2-30lakhs depending on colleges.

MBA admissions are entrance based conducted at national or university level.

Exams :-  CAT, MAT, XAT, SNAP, NMAT, GMAT.

Specializations :-  Marketing, Finance, Human Resource.  

Apart from IIMs, students can also join IITs and universities to study MBA. 


MBA Executive (Part time MBa) :- It is a one year part time MBA for working professionals which includes study on business administration mainly.

Students like working professionals, entrepreneurs, part time workers etc get to study marketing, finance, microfinance, and international business.

This course also includes strategic management and executive communication.

The admissions for EMBA are taken based on GMAT, GRE, etc., entrance exams. Few colleges also rely on CAT for EMBA admission.



One Year MBA

One Year MBA courses are designed for working professionals who do not wish to leave their jobs to pursue Master of Business Administration. There are multiple top MBA colleges in India offering one-year MBA courses, the top ones being IIM Ahmedabad’s MBA-PGPX.

  • For One Year MBA admissions students require GMAT scores or GRE scores of 650 or above. The students need a work experience of a minimum of 5 years or above.

  • The applications for one year MBA Admission 2021 will start from the month of November or December.

  • Some Top MBA Colleges, like ISB Hyderabad and Great Lakes accept a minimum work experience of 2 years for admissions in one year MBA.

  • One year MBA is very popular abroad, Kellogg one year MBA program is one of them, offering accelerated one year MBA from the month of June, in subjects like Strategy, Management, Accounting, and Finance.

  • The one year MBA fees are generally much higher, but there are some colleges like Great Lakes, Gurgaon offering a one year PGPM program with a fee less than INR 20 lacs.

 

IIMs Offering Online MBA

IIM

Course Name

Selection Criteria

Programme Fees

IIM Ahmedabad

e-Mode PGP

CAT, GMAT, GRE, IAT + Personal Interview

Rs 20 lakh

IIM Kozhikode

Executive Post Graduate Programmes (EPGP)

EMAT+ Personal Interview

Rs 12 lakh

IIM Shillong

PGP (Working Executive)

CAT, GMAT and Personal Interview

Rs 10 lakh

IIM Rohtak

EPGPX

CAT, GMAT, GRE, GATE + Personal Interview

Rs 7.15 lakh

IIM Raipur

e-MBA

CAT, GMAT + Personal Interview

Rs 10 lakh

 

MBA Salary


 


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