What is Master of Business Administration?

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Master of Business Administration is one of the most popular graduate programs in India and abroad. The two-year program is a gateway to a wealth of career opportunities in the corporate world. Here are some important facts about the MASTERS OF BUSINESS ADMINISTRATION program: What makes MASTERS OF BUSINESS ADMINISTRATION such a popular course is that students of any background, including science, business, and humanities, can follow it.

A regular MASTERS OF BUSINESS ADMINISTRATION or graduate diploma in management (PGDM) is generally a two-year course divided into four or six semesters. However, there are certain private institutes that also offer one-year PGDM programs. A MASTERS OF BUSINESS ADMINISTRATION can be obtained in various modes, such as regular, online and distance education. Interested candidates can also find customized programs based on their professional experience, such as Executive MASTERS OF BUSINESS ADMINISTRATION. Many management institutes offer a Graduate Diploma (PGD) or Graduate Program (PGP) in Management in lieu of a MASTERS OF BUSINESS ADMINISTRATION degree. There is not much difference between the two, save for their titles.

The full-time MASTERS OF BUSINESS ADMINISTRATION is the most popular of all and includes theory classes, practical projects, and internships. Both recent graduates and candidates with a few years of work experience opt for a full-time MASTERS OF BUSINESS ADMINISTRATION. Some colleges prefer recent graduates, while others give higher preference to candidates with a few years of work experience. On the other hand, the Executive MASTERS OF BUSINESS ADMINISTRATION is suitable for candidates with more than 5 to 10 years of work experience, as it is designed to improve their managerial and leadership skills to stay relevant in the job market. Online MASTERS OF BUSINESS ADMINISTRATION, part-time MASTERS OF BUSINESS ADMINISTRATION and distance MASTERS OF BUSINESS ADMINISTRATION programs are ideal for candidates who want to study while working.

What is the scope of MASTERS OF BUSINESS ADMINISTRATION?

A master of business administration (MASTERS OF BUSINESS ADMINISTRATION) is a higher level than a bachelor of business and generally places the graduate well above those who only have college degrees. Most universities and colleges offer MASTERS OF BUSINESS ADMINISTRATION programs, which typically last two years. To enter a MASTERS OF BUSINESS ADMINISTRATION program, the applicant must take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria.

MASTERS OF BUSINESS ADMINISTRATION programs generally include core classes in accounting, management, finance, marketing, and business law. Management training is the core of any MASTERS OF BUSINESS ADMINISTRATION curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human aspects of running a large or small company. Increasingly, MASTERS OF BUSINESS ADMINISTRATION programs are expanding their focus to include international business training and focus on the responsibilities and corporate responsibility of companies within their communities.

The MASTERS OF BUSINESS ADMINISTRATION degree is considered essential for entering certain fields, including strategic planning and hedge fund and private equity firms. However, other financial services fields may no longer consider a MASTERS OF BUSINESS ADMINISTRATION as an entry-level degree to start with. It is not uncommon to gain professional experience before applying to elite MASTERS OF BUSINESS ADMINISTRATION programs.

While MASTERS OF BUSINESS ADMINISTRATION candidates may focus on one of the core disciplines of the degree, such as management or finance, many MASTERS OF BUSINESS ADMINISTRATION programs allow students to develop concentrations in specific industries. For example, a MASTERS OF BUSINESS ADMINISTRATION student might specialize in sports management, entrepreneurship, entertainment business, or health management. Even within an administrative specialty, MASTERS OF BUSINESS ADMINISTRATION degrees can allow for a concentration in information technology, hospitality, education, or criminal justice. Some MASTERS OF BUSINESS ADMINISTRATION programs partner with various professional health care programs, such as schools of nursing, to offer joint degrees. 

Specialized MASTERS OF BUSINESS ADMINISTRATION programs are also available to students whose lives and careers do not allow them to attend school full time. Executive MASTERS OF BUSINESS ADMINISTRATION programs are designed for working professionals who hope to improve their credentials and qualifications. These courses of study generally schedule classes for evenings and weekends, sometimes also requiring short residencies from intensive courses. Executive MASTERS OF BUSINESS ADMINISTRATION programs are usually open only to candidates who already have substantial professional experience and therefore tend to focus on more advanced topics such as leadership development.

When is a MASTERS OF BUSINESS ADMINISTRATION worth it?

A MASTERS OF BUSINESS ADMINISTRATION is only worth the expense, time, and effort when the graduate plans to work in a business-related field, in management, or as a company founder. For those who work in other industries, unless they are in management or leadership positions, a MASTERS OF BUSINESS ADMINISTRATION may not be helpful.

Also, not all MASTERS OF BUSINESS ADMINISTRATION degrees are the same. The number of colleges, universities, and business schools offering a MASTERS OF BUSINESS ADMINISTRATION is increasing, making the space quite crowded. Unless a student earns a degree from a reputable program, it might not be as valuable as expected, while going to a top-tier business school greatly increases the value of the degree. Recruiters and hiring managers are unlikely to consider a MASTERS OF BUSINESS ADMINISTRATION obtained from an unknown educator or who only works online to carry the same weight as a top 10 school. For professionals who give up a few years of work to go back to school, doing so not in a second or third level school could end up being a waste of time, money and opportunities.

Hiring managers also know that having the letters MASTERS OF BUSINESS ADMINISTRATION after an applicant's name doesn't automatically make them an ideal employee. Some believe that people who have achieved leadership positions with the title would have done so without it as well. Also, having an MASTERS OF BUSINESS ADMINISTRATION will not make a candidate stand out if they are already flawed in other ways, such as being obtuse, slow to adapt, or bossy. While many entrepreneurs have MASTERS OF BUSINESS ADMINISTRATIONs, startups are not always looking to hire other MASTERS OF BUSINESS ADMINISTRATION holders. Instead, they often hire innovative thinkers who can innovate and offer a different perspective than their own.

MBA can help you get a job interview, but it does not guarantee that the applicant will get that job. On the other hand, people with work experience looking to boost their career can open avenues for growth and promotion with a part-time or MASTERS OF BUSINESS ADMINISTRATION program.

Eligibility for MASTERS OF BUSINESS ADMINISTRATION

The eligibility criteria for full-time MASTERS OF BUSINESS ADMINISTRATION are as follows: The basic eligibility criteria for MASTERS OF BUSINESS ADMINISTRATION (full time) is Graduation in any discipline or equivalent from a recognized university. Most institutes follow the minimum score criteria at graduation, which is 50 percent on average or equivalent. For students in the reserved category, the minimum score is 45 percent overall. Candidates for final year graduation are also eligible to apply for a MASTERS OF BUSINESS ADMINISTRATION, provided they present proof of completion of the graduation degree within the duration specified by the institute.

MASTERS OF BUSINESS ADMINISTRATION admissions

Admissions to all B schools are normally made through an admissions test. This test can be one of the following types: National level test conducted by a higher assessment body or a national higher B school on behalf of the other participating universities. For example: CAT, MAT, CMAT or ATMA. State level testing conducted by a state level testing body or a top state B school on behalf of the other participating colleges in that state. For example: MAH-CET, OJEE, KMAT, TANCET or APICET. Test taken by a B school to enter their own MASTERS OF BUSINESS ADMINISTRATION program. In some cases, these scores may also be accepted as grading criteria by other B schools, for example: IIFT, XAT, NMAT, SNAP, and IBSAT. Test conducted by a university to enter the MASTERS OF BUSINESS ADMINISTRATION programs offered by its affiliated universities. For example: KIITEE, HPU MAT. The qualifying examination is usually followed by a second-level selection round which could be a group discussion or a personal interview conducted by the university for which the student has qualified.

Main MASTERS OF BUSINESS ADMINISTRATION entrance exams

Below is the list of the best MASTERS OF BUSINESS ADMINISTRATION exam scores that are valid for admission to various B schools. Click to view the official CAT mock test

CAT

XAT

CMAT

MAT

SNAP

NMAT

 

Popular MASTERS OF BUSINESS ADMINISTRATION Specializations

MASTERS OF BUSINESS ADMINISTRATION Finance 

MASTERS OF BUSINESS ADMINISTRATION Marketing

MASTERS OF BUSINESS ADMINISTRATION IT 

MASTERS OF BUSINESS ADMINISTRATION HR

 

MASTERS OF BUSINESS ADMINISTRATION skills

A manager is expected to lead a team of professionals, therefore the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MASTERS OF BUSINESS ADMINISTRATION / PGDM, below:

Full-time MASTERS OF BUSINESS ADMINISTRATION: Required Skills

Vision for business

Good communication skills

Problem solving skills

Management skills

Strong math skills

Research oriented

Analytical thinking

Leadership qualities

Eye for details

Goal oriented and ability to work under pressure

 

MASTERS OF BUSINESS ADMINISTRATION courses and specializations

In addition to the generic MASTERS OF BUSINESS ADMINISTRATION course, there are many MASTERS OF BUSINESS ADMINISTRATION specializations available to candidates. It is recommended that each candidate choose a branch or specialization in their MASTERS OF BUSINESS ADMINISTRATION program, as it best equips them with the necessary skills for specific domains such as finance, operations, human resources, marketing, to name a few.

Some of the most popular MASTERS OF BUSINESS ADMINISTRATION specializations are listed below:

Finance

Infrastructure

Marketing

International Business

Sales

Disaster Management

Human Resources

Energy & Environment

Operations

Import & Export

Product

IT & Systems

Business Analytics

Healthcare & Hospital

Digital Marketing

Business Economics

Entrepreneurship

Agriculture & Food Business

Advertising

Materials Management

NGO Management

Oil & Gas

Pharma

Retail

Project Management

Rural Management

Sports Management

Supply Chain

Telecom

Textile Management

Transport & Logistics

Forestry

Public Policy

Hospitality

   

MASTERS OF BUSINESS ADMINISTRATION subjects

Students taking the MASTERS OF BUSINESS ADMINISTRATION program are exposed to a variety of subjects. In a two-year program, students start with core subjects like Organizational Behavior, Marketing, Management Principles, to name a few. In the second year, they are exposed to subjects such as Entrepreneurship and Business Law, among others. Often times, MASTERS OF BUSINESS ADMINISTRATION schools classify these subjects as core and electives and give students the opportunity to choose between electives. Some of the subjects that most MASTERS OF BUSINESS ADMINISTRATION courses offer are listed below:

Marketing

Human resources management

Business planning

Financial management

Principles of Management

Commercial laws

Communication skills

Entrepreneurship

Business communication

Computer application

Organizational behavior

Taxes

Sales management

Project work

Economic Sciences

Business environment

 

The regular MASTERS OF BUSINESS ADMINISTRATION course is a two-year program divided into four-six terms / semesters. The MASTERS OF BUSINESS ADMINISTRATION subjects by semester for the general course are listed below:

MASTERS OF BUSINESS ADMINISTRATION Semester I Program

Organizational behavior

Marketing management

Quantitative methods

Human resources management

Business Economics

Business communication

Financial Accounting

Information technology management

 

Semester II MASTERS OF BUSINESS ADMINISTRATION Program

Organizational change and effectiveness

Management accounting

Management sciences

Operation management

Economic environment of business

Market research

Financial management

Information Management System

 

Semester III MASTERS OF BUSINESS ADMINISTRATION Program

Business ethics and corporate social responsibility

Strategic analysis

Legal environment of business

Elective course

 

MASTERS OF BUSINESS ADMINISTRATION Semester IV Program

Project study

International business environment

Strategic management

Elective course

 

Scope of the MASTERS OF BUSINESS ADMINISTRATION: top companies

The scope of the MASTERS OF BUSINESS ADMINISTRATION is huge in today's job market. MASTERS OF BUSINESS ADMINISTRATION graduates are in high demand across all industries and across all domains. Most MASTERS OF BUSINESS ADMINISTRATION institutes provide campus placement to their students upon completion of the full-time MASTERS OF BUSINESS ADMINISTRATION course for a smooth start to their career. All organizations, large or small, private or government, hire MASTERS OF BUSINESS ADMINISTRATION holders in various capacities. Below is the list of some of the top companies hiring MASTERS OF BUSINESS ADMINISTRATION graduates through campus locations?

BCG

Citibank

Deloitte

ITC

Avendus

Samsung

Mahindra

ITC

Reliance

Vodafone

ICICI Bank

EXL

HDFC

Larsen & Tubro

JP Morgan Chase & Co.

HSBC

PWC

Philips

McKinsey & Company

Nestle

Aditya Birla Group

Cipla

RPG

Flipkart

Tata

Saint Gobain

TAS

Crisil

Wipro

Credit Suisse

Microsoft

Bajaj

Accenture

Infosys

Microland

GAR

Amazon

Pidilite

Asian Paints

McKinsey&Company

Conclusion

Obtaining a MASTERS OF BUSINESS ADMINISTRATION can improve one's career path or help you land a high-paying job. However, the expense is typically only offset if the degree is obtained from a top-tier business school and the career pursued is business-related. Despite the cost-benefit analysis, the vast majority of business school alumni themselves report very positive and high-value experiences from their MASTERS OF BUSINESS ADMINISTRATION degrees.

If someone can't afford the cost, can't get into a higher program, or doesn't have the time to juggle work and study, there are fortunately other good options to pursue, such as the CFA or a master's degree in Finance or Economics.

Frequently asked questions related to the MASTERS OF BUSINESS ADMINISTRATION course

Q: Which MASTERS OF BUSINESS ADMINISTRATION course is the best?

A: All MASTERS OF BUSINESS ADMINISTRATION courses or specializations have bright prospects for students in the field of business management. However, the best MASTERS OF BUSINESS ADMINISTRATION course depends solely on the candidates and their interest. Some of the best MASTERS OF BUSINESS ADMINISTRATION courses in India are MASTERS OF BUSINESS ADMINISTRATION in Sales and Marketing, MASTERS OF BUSINESS ADMINISTRATION in Operations, MBA in HR, MBA in Finance and MBA in Information Technology.

Q: What are the best MASTERS OF BUSINESS ADMINISTRATION universities in India?

A: IIM A, B and C are considered the best MASTERS OF BUSINESS ADMINISTRATION universities in India. Apart from these three MDI, FMS, SPJIMR, IMT, JBMIS, NMIMS, IBS, GIM, GLIM and others. For the list of all the best MASTERS OF BUSINESS ADMINISTRATION universities in India, click here.

Q: What are the eligibility criteria for MASTERS OF BUSINESS ADMINISTRATION?

A: The eligibility criteria for MASTERS OF BUSINESS ADMINISTRATION is Graduation. However, many colleges prescribe minimum grades in aggregate at graduation (50% for general candidates and 45% for SC / ST candidates).

Q: How can I get admission to a MASTERS OF BUSINESS ADMINISTRATION course?

A: The admission process to the MASTERS OF BUSINESS ADMINISTRATION includes entrance exam, group discussion and personal interview. Many colleges offer admission based solely on graduation score. In order to gain admission to the MASTERS OF BUSINESS ADMINISTRATION course, the candidate will need to complete an application form and follow the admission process.

Q: Do I have to sit for the MASTERS OF BUSINESS ADMINISTRATION entrance exam?

A: Most of the MASTERS OF BUSINESS ADMINISTRATION Level 1 and Level 2 institutes in India accept candidates based on the score of the MASTERS OF BUSINESS ADMINISTRATION entrance exam. So, if you want to get a MASTERS OF BUSINESS ADMINISTRATION from a reputed MASTERS OF BUSINESS ADMINISTRATION university, you have to take an entrance exam.



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