What an MBA Degree Is and What You Need to Know?
What is an MBA?
MBA is one of the most popular post-graduate courses in India and abroad. The full form of MBA is Master of Business Administration. For most of the managerial level jobs across domains and sectors an MBA degree is a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for MBA in post-graduation.
How get Admission in MBA ?
MBA Admission takes place through Entrance Exams like CAT, MAT, XAT, GMAT etc. GMAT is beneficial for students who wants to study MBA Abroad. CAT is the most popular as well as the most difficult MBA Entrance Exam in India. More than 2 Lakhs students sit for CAT each year to get admission in IIMs and other B-Schools that accepts CAT.
MBA Entrance Exams take place between November and April followed by admission to B-Schools on the basis of marks obtained in these exams. It is expected that CAT 2022 exam will be held on the last Sunday of November 2022 in 3 slots.
CAT, MAT, XAT, GMAT, etc are the most popular entrance exams in India. All tier-1 and tier-2 MBA colleges take in MBA aspirants on the basis of CAT scores. Other entrance exams for MBA are mostly limited to a particular institute or state. The following table mentions the application deadlines of the MBA entrance exam for the academic year 2022. Duration of MBA Entrance Entrance Exams is 120 minutes.
| Exam Name | Registration Date | Exam Date |
| ATMA | December 8, 2021 – February 20, 2022 | February 27, 2022 |
| CAT | To be announced | To be announced |
| CMAT | February 16 – March 17, 2022 | April 9, 2022 |
| GMAT | Throughout the year | Throughout the year |
| MAT | December 28 – February 2022 | February 26 – 27, 2022 (IBT Mode) March 05, 12 & 13, 2022 (IBT Mode) March 06, 2022 (PBT) |
| NMAT | To be announced | To be announced |
| SNAP | August 31, 2021 – November 27, 2021 | December 19, 2021 January 8, 2022 January 16, 2022 |
| XAT | August 10 – November 30, 2021 | January 02, 2022 |
Eligibility for MBA?
MBA eligibility is the stepping stone in determining whether you are eligible to apply for an MBA course. The general MBA eligibility criteria is securing a minimum of 50% marks in graduation. Students from any field are eligible for MBA admission, but some colleges such as IIT Kharagpur require students to hold a 4-year bachelor’s degree. MBA has no age limit for students but certain MBA Exams like ATMA require the student to be 21 years of age at the time of exam.
- Students must complete their graduation in any stream from a recognized university in order to study MBA.
- They must have a minimum of 50% in graduation in order to study Master of Business Administration. Top institutes like IIMs and IITs ask for 60% in graduation. Learn
- Students belonging to the reserved categories like OBC, SC and ST get 5% relaxation in the percentage asked in some MBA colleges.
MBA courses in India
The most preferred top MBA courses in India relate to the high career growth oriented management education that not only offers great leaning experience but also the courses are designed as per industry requirement, whatever could be the type or duration of MBA program. An MBA grooms you to gain expertise in the specialized area of MBA course while gaining overall good knowledge in other areas. In current scenario and going by the career growth projections, the list of MBA courses in India that are top 10 specializations include:
- Finance
- Marketing
- Human Resource Management
- International Business
- Rural Management
- Business Analytics
- Supply Chain
- Agri Business Management
- Family Business and Health Care Management
MBA in Foreign
Students who want to study MBA Abroad must complete 16 years of education which means that the student must complete 4 years of graduation along with 12 years of schooling. The cost of an MBA Abroad is pretty high; up to INR 80 lakh and even a few crores in some cases but there are plenty of MBA scholarships for studying abroad available for assistance.
- MBA in Canada
- MBA in Germany
- MBA in Australia
- MBA in USA
MBA Abroad Eligibility
Students pursuing MBA Abroad must clear entrance Exam such as GMAT. GMAT is a computer aptitude test for students who want to study MBA in Abroad.
Students applying for MBA in Abroad countries must have significant work experience (3-5 Years)
Students must have completed graduation in management or a related field from a recognized college or university.
Students applying for MBA Abroad must be proficient in the local language. some of the most popular language proficiency tests are TOEFL and IELTS.
GMAT
GMAT is the best exam for management dreams throughout the world. GMAT Exam has the highest acceptability in Best Business Schools in the World. There has been an increase of 44% new B-Colleges who accept GMAT Exam. GMAT exam can be given any time of the month and the slots can be booked 6 months in advance.
Students can take GMAT preparation from different centres all over India. Students can do GMAT preparation through self-study as well.
Best Business Schools in the World
Out of Top 10 MBA Colleges in the world, there are 6 colleges from USA. MBA in USA is one of the most popular destinations for MBA aspirants around the world.
| QS Full Time MBA Global MBA Rankings 2022 | College Name | Fees (INR) |
| 1 | Stanford Graduate School of Business | ₹58.9 L/Yr |
| 2 | Harvard Business School | ₹56.2 L/Yr |
| 3 | Penn (Wharton) | ₹63.7 L/Yr |
| 4 | HEC Paris | ₹68 L/Yr |
| 5 | MIT (Sloan) | ₹60.4 L/Yr |
| 6 | London Business School | ₹96.5 L/Yr |
| 7 | IE Business School | 60.2 L/Yr |
| 8 | INSEAD | ₹50.4 L/Yr |
| 9 | Columbia Business School | ₹59.2 L/Yr |
| 10 | IESE Business School | 78.2 L/Yr |
Top MBA Colleges in India
IIT MBA
IIT MBA is one of the best choice of MBA degree is India. apart from IIMs various IITs in India also provide MBA. This is a common MBA degree and not PGPM provided by IIMs. Duration of MBA from IIT is 2 years.
| NIRF Management Rankings | College Name | Fees (INR) |
| 5 | IIT Delhi | 2,20,000 |
| 9 | IIT Kharagpur | 82,679 |
| 10 | IIT Bombay | 2,28,000 |
| 13 | IIT Madras | 2,05,000 |
| 14 | IIT Roorkee | 2,14,000 |
| 16 | IIT Kanpur | 2,43,000 |
| 30 | IIT Dhanbad | 2,22,000 |
Best IIM in India
IIMs in India are the pioneer of business management courses in India. Management courses in IIMs are PGP which is equivalent to MBA, PGDM and Executive MBA. MBA time period in IIM is 2 years. IIMs have certain courses which are short certificate courses.
| NIRF Management Rankings 2022 | College Name |
| 1 | IIM Ahmedabad |
| 2 | IIM Bangalore |
| 3 | IIM Calcutta |
| 4 | IIM Kozhikode |
| 6 | IIM Indore |
| 7 | IIM Lucknow |
| 15 | IIM Raipur |
| 17 | IIM Tiruchirappalli |
| 18 | IIM Udaipur |
| 21 | IIM Ranchi |
| 23 | IIM Shillong |
| 28 | IIM Rohtak |
| 33 | IIM Kashipur |
| 40 | IIM Nagpur |
| 61 | IIM Sambalpur |
| 67 | IIM Amritsar |
MBA Colleges in Mumbai
SJMSOM IIT Bombay, NITIE, SPJIMR, NMIMS are top MBA colleges in Mumbai.
Top 10 MBA colleges in Mumbai.
| College Name | Fees (INR) |
| Shailesh J Mehta School of Management | 4,88,100 |
| National Institute of Industrial Engineering | 5,98,000 |
| SP Jain Institute of Management and Research | 17,50,000 |
| NMIMS | 10,42,000 |
| KJ Somaiya Institute of Management | 7,81,785 |
| Amity University, Mumbai | 5,15,000 |
| National Institute of management | 40,700 |
| BITS school of Management | 24,50,000 |
| Kaizen School of Management | 30,900 |
| The Second Wind | 12,00,000 |
| NAMS | 59,900 |
| TIMSR | 63,790 |
MBA Colleges in Delhi
FMS, IIT Delhi IIFT, IMI are top MBA colleges in Delhi. Top 10 MBA colleges in Delhi.
| College Name | Fees (INR) |
| Faculty of Management Studies, IIT Delhi | 4,80,000 |
| Indian Institute of Foreign Trade | 8,85,000 |
| International Management Institute | 8,70,000 |
| JMI | 23,500 |
| Amity University | 6,72,000 |
| University of Delhi (FMS) | 96,000 |
| GD Goenka University | 3,72,500 |
| Asian Business School | 7,65,000 |
| KR Mangalam University | 2,60,000 |
| AKGIM | 1,27,943 |
| Delhi school of Business | 8,45,000 |
| Sharda University | 2,60,000 |
MBA Colleges in Kolkata
IIM Calcutta, BIMS, Amity University, Adamas are top MBA colleges in Kolkata. Top 10 MBA colleges in Kolkata.
| College Name | Fees (INR) |
| IIM-C | 27,00,000 |
| BIMS | 5,51,000 |
| Amity University Kolkata | 3,90,000 |
| Adamas University | 2,51,400 |
| Brainware University | 3,70,000 |
| SVIMCS | 2,20,000 |
| Praxis Business School | 3,89,000 |
| CIMS | 14,925 |
| University of Calcutta | 16,508 |
| MAKAUT | 1,00,300 |
MBA Colleges in Chennai
LIBA, Anna University, XIME, BIHER are top MBA colleges in Chennai. Top 10 MBA colleges in Chennai
| College Name | Fees (INR) |
| LIBA | 15,26,000 |
| Anna University | 59,080 |
| XIME | 3,50,000 |
| BIHER | 1,00,000 |
| RSB | 6,00,000 |
| MOP Vaishnav College for Women | 1,24,000 |
| Easwari Engineering College | 41,000 |
| National Institute of Business | 14,700 |
| NICM | 49,000 |
| SSNCE | 35,000 |
MBA Colleges in Hyderabad
NMIMS, CMRCET, Woxsen, ICFAI are top MBA colleges in Hyderabad.
Top 10 MBA colleges in Hyderabad
| College Name | Average Fees |
| NMIMS, Hyderabad | INR 827,000 |
| CMRCET, Hyderabad | INR 50,000 |
| Woxsen University | INR 725,000 |
| St. Joseph’s Degree College and PG College | INR 54,000 |
| ICFAI Business School | INR 801,000 |
| CBIT, Hyderabad | INR 43,000 |
| Engineering Staff College of India | INR 230,000 |
| Amjad Ali Khan College of Business Administration | INR 140,000 |
| VVISM, Hyderabad | INR 370,000 |
| DMBS, Hyderabad | INR 451,000 |
MBA Colleges in Bangalore
IIM Bangalore, KJC, DSCMIT, CMR are top MBA colleges in Bangalore.
Top 10 MBA colleges in Bangalore
| College Name | Average Fees |
| KJC, Bangalore | INR 370,000 |
| DSCMIT, Bangalore | INR 63,750 |
| CMR University | INR 175,000 |
| BMS College of Engineering | INR 25,300 |
| NSB Academy | INR 380,000 |
| T John College, Bangalore | INR 267,700 |
| SJIM, Bangalore | INR 420,000 |
| The Oxford College of Engineering | INR 70,000 |
| RCM, Bangalore | INR 790,000 |
| CMRIT, Bangalore | INR 900,000 |
MBA Colleges in Pune
SCMHRD, IMED, NIA, BIMM are top MBA colleges in Pune.
Top 10 MBA colleges in Pune.
| College Name | Average Fees |
| SCMHRD, Pune | INR 940,000 |
| IMED, Pune | INR 225,000 |
| National Insurance Academy | INR 943,000 |
| BIMM, Pune | INR 480,000 |
| RIIM, Pune | INR 475,000 |
| SIDTM, Pune | INR 660,000 |
| BIMHRD, Pune | INR 480,000 |
| MITCOM, Kothrud | INR 207,500 |
| Sinhgad Business School | INR 150,000 |
| DYPIMR, Pune | INR 130,000 |
How After the MBA Salary?
Specialization wise MBA Salary in India
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The types of jobs for which you will be eligible for in the future, will be determined by your specialization. Choosing the right MBA specialization may enhance your resume, especially if you feel that your undergraduate degree alone is holding you back from making progress. Choosing the best MBA specialization is mandatory as employers recruit employees based on their specialized skills. The majority of the students are selected from marketing, followed by the finance specialization.
MBA Salary as per specialization
| MBA Specialization | Average MBA Salary* |
| MBA Finance | Rs 2,00,000 to Rs 14,70,000 |
| MBA Human Resource Management | Rs 4,50,000 to Rs 15,50,000 |
| MBA Information Technology | Rs 10,000 to Rs 6,00,000 |
| MBA Logistics Management | Rs 6,25,000 to Rs 8,50,000 |
| MBA Marketing Management | Rs 14,25,000 to Rs 20,43,000 |
IIM MBA Salary in India: Average/ Highest Domestic Placements 2022
| Name of IIM | Highest Domestic CTC (per annum – Rs in lakh) | Average Domestic CTC (per annum – Rs in lakh) |
| IIM Ahmedabad | 55.88 | 26.13 |
| IIM Bangalore | 32.10 | 26.18 |
| IIM Calcutta | — | 29 |
| IIM Lucknow | 51 | 26 |
| IIM Kozhikode | 46.88 | 22.50 |
| IIM Indore | 41.50 | 23.60 |
| IIM Shillong | 32.00 | 19.17 |
| IIM Rohtak | 22.80 | 13.74 |
| IIM Ranchi | MBA – 22.37 MBA HR – 26.50 | MBA – 15.11 MBA HR – 14.55 |
| IIM Raipur | 28.12 | 15.20 |
| IIM Tiruchirappalli | 25.00 | 14.96 |
| IIM Kashipur | 45 | 13.82 |
| IIM Udaipur | 40.00 | 13.84 |
| IIM Nagpur | 19.20 | 13.12 |
| IIM Visakhapatnam | 27 | 13.08 |
| IIM Bodh Gaya | 20 | 11.20 |
| IIM Amritsar | 40 | 12.61 |
| IIM Sirmaur | 26 | 11.28 |
| IIM Sambalpur | 18.92 | 11.61 |
| IIM Jammu | 24.50 | 10.64 |
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