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What is the full form of an MBA?
MBA Full Form – Master of Business Administration
The MBA is a post-graduate course that teaches students the necessary skills to manage any business correctly. The MBA full form is “Master of Business Administration.” The MBA is a globally recognized degree that can open doors to exciting career opportunities. An MBA can help you gain the knowledge and skills needed to start your own business or take on a leadership role in an existing organization. The possibilities are endless!
If you’re interested in pursuing an MBA, you should know a few things. First, you’ll need to have a bachelor’s degree from an accredited institution. You’ll also need to take the GMAT (Graduate Management Admission Test) and submit your score and your application.
Eligibility for MBA course
To be eligible for an MBA course, you must have completed graduation in any stream from a recognized university or college. Most colleges require 50% minimum marks in graduation for MBA admission, whereas 45% are required for students of the reserved category. If you meet these basic requirements, you can apply for an MBA program.
Entrance exams in India for MBA admission
1. Common Admission Test (CAT)
2. Management Aptitude Test (MAT)
3. Xavier Aptitude Test (XAT)
4. Graduate Management Admission Test (GMAT)
5. Symbiosis National Aptitude Test (SNAP)
6. Indian Institute of Foreign Trade entrance exam (IIFT)
7. Ahmedabad University Management Entrance Test (AUMET)
These are some of India’s top MBA entrance exams for admission to various MBA colleges. The score of these exams is considered for admission into the top MBA colleges in India.
MBA tuition fees
The fees of MBA colleges in India have been increasing over the years. Today, the average cost of an MBA degree from a good college is more than Rs.1 million. So if you’re planning on pursuing an MBA, you can expect to spend at least Rs.100,000 on tuition fees alone. However, some colleges charge much more than this – up to Rs.3 million or more. Therefore, it’s important to do your research and choose a college that fits your budget.
While the cost of an MBA may be high, it’s still a popular choice for many students. An MBA can lead to better job prospects and higher salaries.
Types of MBA
Full-time MBA: As the name suggests, full-time MBA programs are designed for students who can dedicate their entire time to studying. These course usually last between two and three years.
Part-time MBA: Part-time MBA programs are designed for working professionals who want to earn an MBA while working. This Course typically last between two and four years.
Executive MBA: Executive MBA programs are designed for experienced executives and managers who want to earn an MBA while working. This Course typically last between one and two years.
Distance learning MBA: Distance learning MBA programs are designed for students who want to earn an MBA but cannot attend a traditional brick-and-mortar school.
Specialization in MBA
Some specializations can be undertaken as part of an MBA course. These specializations are designed to cater to businesses’ specific needs and demands in different industries.
Common subjects taught during the first year of an MBA course include management principles, finance, accounting, and marketing. Students will take specialized courses during the second year according to their chosen specialization.
More popular MBA specializations include human resources management, information technology management, and project management.
- MBA in Finance
- MBA in marketing
- MBA in human resource
- MBA in digital marketing
- MBA in International Business
- MBA in Information technology
- MBA in business analytics
- MBA in Hospitality Management
Subjects
- Marketing
- Business planning
- Principles of management
- Computer Application
- Retail management
- Business Communication
- Communication skills
- HR management
- Finance management
- Organizational behavior
- Economics
- Business environment
- Entrepreneurship
- Business laws
- Taxation
- Project work
Scope of Master of Business Management
The course of MBA is very high. Most of the students pursuing an MBA get a good job and a good package.
Many students start their businesses after completing their MBA, and most of them are successful today.
MBA graduates have a lot of scope in career growth and development. They can choose to work in various industries and sectors. The skills and knowledge gained during the MBA program help them perform well in these roles.
There is also a lot of scope for entrepreneurship among MBA graduates. Many students start their businesses after completing their MBA.
Top profile and salary after MBA course
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Resource
- Manager Operation Manager
- Product Manager
- Infrastructure Manager
- Risk Manager
Salary
Most students who do an MBA from a good management college can quickly get a package ranging from 300000 to ₹ 1000000 annually. The average starting salary of MBA students is close to ₹ 500000. So, if you are planning to do an MBA, you can expect a good pay package.
Top colleges
- IIM Ahmedabad
- IIM Bangalore
- IIM Kolkata
- XLRI Jamshedpur
- IIT Madras
- IIT Delhi
- VIT Vellore
- SRM Chennai
- Kalinga Bhubaneswar
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