MBA Jobs, Scope and Salary in India
MBA or Master of Business Administration is a comprehensive and prestigious two-year
postgraduate
course that empowers students with the skills required to excel in the business world. The MBA
subjects and syllabus 2024 covers a wide range of topics, including Accounting, Finance,
Marketing,
Operations, Business Strategies, and Leadership.
The real-world projects, internships, short-term projects, and interactive case studies foster
critical thinking and effective communication among students to lead their careers with confidence.
The MBA Admission 2024 is based on the management entrance exams and personal
interviews conducted
by the universities.
To be eligible for an MBA program in India, students must have a bachelor's degree with a minimum of
50% aggregate (45% for SC/ST/PwD categories). The MBA fees ranges between INR 3,00,000 - 15,00,000
Per Annum, depending on the type of institution and various other factors.
The MBA job scope is vast and diverse as the salary for the graduates is around INR 4-30 LPA,
thereby giving a high return on investment(ROI) to the aspirants. Students can work in top
organizations like KPMG, JP Morgan, BCG, Deloitte, Amazon, Google, Flipkart, Proctor & Gamble, etc.,
which helps the graduate in the development of leadership and managerial skills.
What is
MBA
Course?
Why Choose an MBA Course?
Types of MBA Courses
MBA Eligibility Criteria
MBA Admission 2024
Top MBA Entrance Exams
MBA Specializations
Top MBA Colleges in India with Fee Details
MBA Cutoff 2023
MBA Syllabus and Subjects 2024
PGDM vs MBA
MBA Salary in India
MBA Placements in Top Colleges in India 2024
Courses After MBA
Career Options After Master of Business Administration Course
Master of Business Administration Scholarships
Skills to Excel as a Best MBA Graduate
MBA Course Details
| Degree | Masters |
|---|---|
| Full Form | Master of Business Administration |
| Duration | 2 Years |
| Age | No specific age restriction for MBA, but some exams, like ATMA do have a minimum age criteria of 21 years at the time of application. |
| Minimum Percentage | 50% in Graduation |
| Average Fees | INR 2,00,000 - 25,00,000 per year |
| Similar Options of Study | PGDM, Executive MBA, PGP |
| Average Salary | INR 10 - 30 LPA |
| Employment Roles | Business Consultant, Product Manager, Investment Banker, Marketing Manager, HR Manager, etc. |
| Top Recruiters | JP Morgan, BCG, Deloitte, Amazon, Google, Flipkart, Proctor & Gamble, etc. |
What is MBA Course?
The Master of Business Administration MBA course focuses on developing strategic thinking, leadership capabilities, and advanced management techniques for senior-level positions in organizations. The MBA course duration is two years, typically divided into four semesters. Students gain valuable industry exposure through summer internships, live projects, and corporate interactions. The master of business administration jobs are extensive and offer opportunities across various sectors including consulting, finance, technology, healthcare, and manufacturing. There are various roles ranging from mid-level management to executive positions in various fields which include finance, marketing, human resources, operations, strategy, etc. The average starting salary for MBA graduates from top B-schools is around INR 20-30 LPA, while from other institutions it ranges between INR 8-15 LPA.
MBA Eligibility Criteria
Admission to prestigious colleges for MBA courses requires candidates to fulfill a certain set of eligibility criteria. Below mentioned are the MBA requirements for admission:
MBA eligibility criteria
require the aspirant to attain 50% of aggregate marks and above in
Graduation in any stream from a recognized university.
Candidate needs to clear
entrance exam cut-offs for admission as per the college
requirement. Most top B-schools require CAT/XAT/GMAT scores.
Work experience of 2-3 years
is preferred by many top B-schools, though not mandatory for all programs.
There is no specific age limit
for
pursuing this course, though most candidates are between 23-30 years.MBA Admission Process
Master of Business Administration is one of the most pursued postgraduate courses. To take MBA admission 2024, students need to fulfil certain steps.
Below mentioned are the MBA admission requirements:
MBA registration can be
carried out through online portals of respective B-schools.
Students need to meet
eligibility for MBA course, which is a minimum of 50% in graduation
examinations.
As per the college
requirement students need to clear the MBA entrance exam as an
eligibility criterion.
Shortlisted candidates are called
for Group Discussion and Personal Interview rounds.
Final selection is based on
composite score considering entrance exam, GD/PI, academic record, and work experience.
Students need to provide
valid documents for the document verification process after getting
selected and paying the fees.Popular MBA Entrance Exam 2024
MBA admissions in India are primarily based on entrance exam scores. Below listed are the major MBA entrance exam details:
National Level Entrance Exams for MBA:
CAT
XATOther Important MBA Entrance Exams:
GMAT
CMAT
MAT
SNAPA Quick Glance at the MBA Entrance Exams
The requirements for MBA eligibility vary since they depend on the conducting body. Some general guidelines for the MBA entrance exam are provided below:
The MBA entrance exams test
analytical, quantitative, verbal, and logical reasoning abilities along with general
awareness.
Most entrance tests are
computer-based and contain multiple-choice type questions.
The MBA entrance exams assess
a candidate's aptitude for management education and potential for business leadership.MBA Specializations
MBA programs are available across various specializations catering to different career
aspirations.
There are plenty of career opportunities after MBA in top private and multinational companies
offering
excellent salary packages. Students must choose a specialization aligned with their career
goals.
Below mentioned is the MBA specialization list offered in India:
Top 10 MBA Colleges in India With Fees
| NIRF Ranking 2024 | Top Colleges for MBA | Total Program Fees | Average Placement Package | Entrance Exam |
|---|---|---|---|---|
| 1 | IIM Ahmedabad | INR 23,00,000 | INR 35.00 LPA | CAT |
| 2 | IIM Bangalore | INR 24,50,000 | INR 33.80 LPA | CAT |
| 3 | IIM Calcutta | INR 27,00,000 | INR 34.20 LPA | CAT |
| 4 | IIM Kozhikode | INR 19,50,000 | INR 29.50 LPA | CAT |
| 5 | IIT Delhi - DMS | INR 9,60,000 | INR 28.50 LPA | CAT |
| 6 | XLRI Jamshedpur | INR 23,60,000 | INR 32.70 LPA | XAT |
| 7 | FMS Delhi | INR 2,16,000 | INR 32.40 LPA | CAT |
| 8 | IIM Lucknow | INR 18,50,000 | INR 30.50 LPA | CAT |
| 9 | MDI Gurgaon | INR 22,89,000 | INR 26.07 LPA | CAT |
| 10 | SPJIMR Mumbai | INR 20,50,000 | INR 26.06 LPA | CAT/GMAT |
Best MBA Colleges in India City Wise
Below listed are the location-wise MBA colleges in India with the program fees:
| Location | Average MBA Program Fees |
|---|---|
| Top MBA Colleges in Delhi | INR 5,00,000 - 25,00,000 |
| Top MBA Colleges in Mumbai | INR 8,00,000 - 22,00,000 |
| Top MBA Colleges in Bangalore | INR 10,00,000 - 25,00,000 |
| Top MBA Colleges in Pune | INR 6,00,000 - 20,00,000 |
| Top MBA Colleges in Hyderabad | INR 7,00,000 - 18,00,000 |
| Top MBA Colleges in Chennai | INR 5,00,000 - 16,00,000 |
| Top MBA Colleges in Kolkata | INR 4,00,000 - 15,00,000 |
Types of MBA Courses
MBA qualification is available in full-time, part-time, executive, and distance mode options. The several MBA course types are detailed below:
Full-Time MBA
It is a two-year graduate course divided into four semesters. Students who choose the full-time learning option are required to participate in regular classroom instruction. The advantage of a full-time course is that students can gain comprehensive industry exposure through summer internships and campus placements.
Executive MBA
An Executive MBA is designed for working professionals with significant work experience. The program is typically completed in 1-2 years with classes scheduled on weekends or in modular formats to accommodate working schedules.
Part-Time MBA
A part-time MBA is typically a 3-year course. Professionals who are currently employed and unable to take time off for full-time study can benefit greatly from the part-time MBA program. Classes are usually held in evenings or weekends.
MBA Distance Education
Distance learning allows working professionals to earn an MBA while continuing their jobs. IGNOU, SCDL, NMIMS, etc. are some of the prominent institutions offering distance MBA programs. Admission is usually based on academic performance and sometimes entrance tests.
Master of Business Administration Syllabus and Subjects
MBA full form is Master of Business Administration, the course is designed to impart
advanced knowledge of business management and strategic leadership skills. MBA subjects
focus on
building capabilities that enable students to handle complex business challenges.
The list of core MBA subjects is as follows:
Organizational Behavior
Managerial Economics
Financial Accounting &
Analysis
Marketing Management
Quantitative Methods
Operations Management
Human Resource Management
Corporate Finance
Business Research Methods
Strategic ManagementMBA Integrated Courses
There are several integrated MBA courses in India that combine undergraduate and postgraduate studies.
BBA-MBA
An Integrated BBA-MBA course is a five-year program that allows students to complete both bachelor's and master's degrees in business administration. Below are a few important pointers:
The duration of the BBA-MBA
course is five years.
The BBA-MBA fees in India
are between INR 8,00,000-20,00,000 for the entire program.
IIM Indore, IIM Rohtak, and
other premier institutes offer integrated programs with excellent placement
opportunities.MBA vs Executive MBA
While both MBA and Executive MBA are management degrees, they cater to different audiences and have distinct features. Below is the difference between MBA and Executive MBA:
| Parameter | Regular MBA | Executive MBA |
|---|---|---|
| Target Audience | Fresh graduates or candidates with 0-2 years experience | Working professionals with 5+ years experience |
| Course Duration | 2 Years Full-time | 1-2 Years (Part-time/Weekend) |
| Work Experience Required | 0-2 years (Preferred but not mandatory) | 5+ years (Mandatory) |
| Class Schedule | Weekdays (Full-time) | Weekends/Evenings/Modular |
| Average Fees | INR 5,00,000 - 25,00,000 | INR 10,00,000 - 40,00,000 |
| Placement Assistance | Yes | Limited or No placement assistance |
Below mentioned points give a deep insight into why choose an MBA course:
MBA graduates can discover
excellent career opportunities in various top companies across consulting, finance,
technology, and other sectors with significant salary growth.
The course provides high
career growth and leadership opportunities while enabling graduates to pursue various
senior management positions and entrepreneurial ventures.
With increasing business
complexity and globalization, the demand for skilled business leaders has been growing
consistently across industries.
Recent studies indicate that
MBA graduates experience an average salary increase of 50-100% post-MBA, with
top B-school graduates seeing even higher returns.
The expanding Indian economy
and increasing foreign investments have created numerous opportunities for qualified
business leaders across sectors.Courses After MBA
Upon completion of an MBA, professionals can opt for various career advancement
opportunities.
However, some choose to pursue further education for specialized knowledge or academic
careers.
The students can also explore many other professional certifications that boost their
careers.
Below are a few options that can be pursued after MBA:
PhD in Management
Fellow Program in
Management (FPM)
Professional
Certifications (CFA, FRM, PMP, Six Sigma)
Executive Education
ProgramsCareer Options After Master of Business Administration
There are abundant job opportunities for MBA graduates across various industries and functions. MBA graduates are offered excellent job options with competitive salary packages that include:
Management Consultant
Investment Banker
Product Manager
Business Development
Manager
Marketing Manager
Operations Manager
HR Manager
EntrepreneurMBA Salary in India
MBA salary for graduates varies significantly based on the B-school reputation,
specialization,
work experience, and industry. In addition to these factors, geography and the specific
role also
influence MBA salaries in India.
The average starting salary range for MBA graduates from top B-schools in India is INR
20-35 LPA,
while from other institutions it ranges between INR 8-15 LPA. With experience and career
progression,
there is substantial growth in compensation and leadership opportunities.
MBA Scholarships
There are various scholarships available to students who want to pursue an MBA degree. The scholarships are given based on merit scores, financial need, and other criteria. Below given is the list of MBA scholarships available to students:
Aditya Birla Scholarships
JN Tata Endowment
Scholarship
KC Mahindra Scholarships
Inlaks Scholarships
Aga Khan Foundation
Scholarships
Narotam Sekhsaria
Scholarships
Institute-specific Merit
ScholarshipsSkills Required to Pursue MBA
MBA aspirants should exhibit some personality traits and skills required to be effective leaders and managers. Some of these skills are listed below:
Strategic thinking and
problem-solving abilities
Leadership and team
management skills
Excellent communication
and presentation skills
Analytical and
quantitative abilities
Business acumen and
commercial awareness
Adaptability and change
management capabilities
Networking and
relationship building skills