Best MBA Courses: Eligibility, Fees, Career Scope, Salary and More
The craze for MBA courses in India is quite evident, as having an MBA degree provides you with much-needed exposure to job opportunities. This is one of the very reasons students keep looking for the best MBA courses and colleges on the web.
If you are among the students who aspire to pursue an MBA but are not aware of the details about the best MBA courses, colleges, subjects, eligibility, and more, this article will guide you through the very details of it.
What is MBA?
The full form of MBA is master in business administration and it is a master level degree in the management domain. MBA is of the very recognized degrees in India that actually opens the students’ door opportunities. The ambition to pursue MBA is not just limited to commerce or art students but even engineers also prefer doing an MBA post completion of their B.Tech.
MBA itself is a very diverse program and one needs to choose a subject to specialize in. Some of the very commonly known subjects in MBA are marketing, business management, Human resources, etc.
Having completed your MBA from a reputed university or college could literally present you with so many opportunities that bachelor-level degrees might not. It is a highly celebrated program that is wildly popular among Indian students.
A student pursuing MBA will have the opportunity to learn about how businesses and industries operate the core standards of management. The syllabus and the subjects involved in MBA give a very insightful view of business management and administration.
The MBA program is highly valued in India and abroad as well which is why it provides the academic career with a boost that helps students to explore better career opportunities. So, the students need to choose the right subject to specialize in.
That will define your career ahead in the stream. Students shall be aware of such essential information before going for MBA, as it has a very important role to play in supporting the career of students.
Career Scope after MBA
MBA as the name suggests is a master’s program usually of 2-year duration. The students who have completed their graduation or bachelor’s degree in a certain stream may then opt from several subjects to specialize in.
Now that it is clear, that students get to specialize in certain subjects, the syllabus for such subjects has been framed accordingly. The students will get to learn the very core fundamentals of the subjects they chose and over the period of 2 years, they’ll learn every professional aspect of the subject they chose.
Many students aspire to land high-paying jobs in some of the very recognized companies in the world. Well, such well-paying positions in top companies demand expertise in the craft associated and having an MBA clearly suggests the student specializes in a certain subject and is, therefore, a potential option for the job.
There are so many domains to master in starting from business administration and business management, to human resource and even hotel & hospitality management. Not only MBA helps you with understanding the core vitals of a subject, but it also helps you increase your chances of getting a well-paying job.
What are the best colleges for doing an MBA?
India has some of the best MBA colleges in the world. In fact, India has a reputation for management colleges and these colleges offer some of the best MBA courses in India. To get admission at one of these colleges the students need to qualify for the CAT (Common Admission Test).
Some of the best colleges for MBA in India include the IIMs (Indian Institute of Management). The IIMs have a separate reputation for management or MBA courses in India, and it is the dream of every MBA aspirant to find a seat there.
It’s quite difficult to get a seat at the IIMs because of the huge number of students attending the exam versus the limited number of seats. In fact last year amidst the pandemic and other challenges 83% of the 2.3 lakh registered candidates appeared for the CAT exam
Other than the IIMs, several other colleges are considered as top MBA colleges in India. Some of those top MBA colleges in India include:
- IIFT (Indian Institute of Foreign Trade)
- Xavier School of Management (Jamshedpur)
- Management Development Institute (Sukhrali)
- Faculty of Management Studies
- XIMB (Xavier Institute of Management Bhubaneswar)
- International Management Institute
- JBIMS (Jamnalal Bajaj Institute of Management Studies)
- Indian School of Business Hyderabad
- Symbiosis School of Business Management, Pune
- P Jain Institute of Management and Research
- Banaras Hindu University
- Birla Institute of Technology and Science, Pilani
- Loyola Institute of Business Administration
These were only some of all the best MBA colleges in India and there are certainly more that you can find on the web. These are the colleges that have a reputation for offering the best MBA courses in India, and that is the reason most of the students aim to find a seat at these institutions.
Not just the best MBA courses in India, but also the other things that come along with it such as placement opportunities and more. Companies from all over the world approach these reputed management institutions for their Hiring needs.
Students get the opportunity to pursue their dream internships at companies like McKinsey, Softbank, and Boston Consulting Group. Many of the IIMs such as IIM Rohtak and IIM Udaiphasave registered 100% placements with an average annual package of more than INR 11 Lakhs.
Best MBA Courses: Eligibility, Fees, Career Scope, Salary and More
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MBA in General Management
It is one of the most popular specializations in MBA. A majority of the students look forward to pursuing MBA in this specialization. General management is basically the complete overview of business and organizational management. The students get to learn about the core concepts of management and the way businesses operate.
This MBA course is very much celebrated and provides the students with much-needed exposure to placement opportunities. Many companies look for candidates who have specialized in general management for managerial positions.
The career after this course is pretty good, and therefore this specialization makes it to the list of best MBA courses that you can find. The course involves some of the very basic subjects of organizational management, and here are some of them:
- Financial Management
- Human Resources Management
- Marketing Research
- Business Laws
- Customer Relation Management
- Economics
- Retail Management
- Basics of Accounting
These are only some of all the subjects included in the General Management specialization in MBA. There are plenty of other subjects involved in general management such as Principles of Management, Business Environment, Communication Skills, and many more.
As the name suggests, general management basically gives you core insights into how management works in general and what are the principles and features it operates on. This is one of the very reasons the students who have completed their MBA specializing in general management have the option to try their career in diverse sectors such as the food industry, automobile industry, or healthcare, education at management positions.
Eligibility Criteria
- The students must have completed their matriculation (10th) and higher secondary education (12th) from a recognized board.
- The student must have completed their graduation in any stream of education.
- At least 55% marks are expected throughout the academic career of the student.
- Different colleges have their own set of requirements and entrance tests, therefore, the students have to qualify for the interviews and the required entrance exams.
Some of the very commonly known exams that colleges often require you to qualify to find a seat for pursuing an MBA include CAT, XAT, MAT, GMAT, and ATMA.
These were some of the lesser-known facts about the general management course. The mentioned details certainly justify the fact that general management is one of the best MBA courses students can opt for.
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MBA in Finance
It is basically a specialization subject in MBA that revolves around the concepts and theories related to finance. Some of the sectors that this specialization covers include corporate finance, banking, and things of that nature. As it is very clear from the name itself that this MBA specialization is entirely about the world of finance and guides the students through the core principles of the finance sector.
The world of finance is evergreen as money is one of the major things that fuel every operation in this world. May it is businesses, governments, real estate, taxation, banking, personal finance, wealth management, or any other individual or organization, in the end, more or less, everyone needs money.
The management of money through practices like accounting, banking, etc is called finance. So, it is clear that there is a very good scope for professionals with expertise in the subject of finance. In fact, in recent years there is a massive growth in the number of fintech start-ups and companies that have established themselves. These emerging companies definitely increase the career opportunities for students with MBA in finance.
MBA in finance is a very popular course and is considered one of the best MBA courses. Well, in that case, let’s try and understand what are the subjects involved in this specialization of MBA:
- International Finance
- Fundraising
- Securities Analysis
- Investments
- Corporate finance
- Hedge Fund Management
- Corporate Investment Management
These are only some of all the subjects involved in MBA in finance and there are some more like disbursement and small business finance, etc. Apart from some of the very basic and important subjects, the other subjects may vary from college to college.
Like it is mentioned, there is a good scope in terms of career opportunities in the finance industry. Usually, the career roles include banker, cash manager, and investment banking associates, credit managers, and specialists.
Eligibility Criteria
- Qualify the interviews and entrance exams conducted by different colleges and business schools as per their requirements.
- Having a great hold over mathematics other than good communication and management skills that business schools normally look for.
- The tier-1 or the best MBA colleges as discussed earlier in this article particularly look for a great GMAT score.
- Other than the mentioned requirements, for getting a seat at a good college the students will need a good score throughout their academic career or at least 55% for normal colleges.
These were some of the details that you must know before planning to pursue an MBA in finance. The career opportunities are great in this field however it would require some serious knowledge in mathematics and accounting. So, if you feel this fits your aspirations and can help you grow, then you must find the best colleges that offer MBA in finance and go by the procedure to find admission.
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MBA in Marketing
This MBA specialization guides the students through the very concepts and theories of marketing. Marketing is a vast domain and contains a lot of other sub-domains. Sales, leads, etc are all a part of marketing. Marketing is a practice that is used by every business or individual in this world consciously or unconsciously.
The ads, hoardings, banners we see everywhere around us are very clear examples of marketing. Marketing is not just limited to advertising but way beyond that. The terms of how businesses operate have been changing constantly and so are the marketing practices followed. We shifted from newspaper ads to radio ads, then TV commercials and now we’re using the internet to advertise and market.
Marketing is basically understanding the behavior of the market and developing strategies accordingly to promote a certain business or an organization or even an individual as well. Like it has been mentioned, every business ever needs marketing, and that is the reason the industry is evergreen.
Yes, the marketing industry is full of opportunities therefore it might just be the right decision if you prefer to pursue MBA in marketing. No matter what kind of business it is, there is always a need for a professional with expertise in marketing.
So, there is definitely a very good scope in the field of marketing and the aspiring candidates may choose to do their MBA in marketing for a better career and job opportunities. Like it is mentioned, marketing itself is a very vast concept, and there are a lot of subjects involved in marketing, some of them are:
- International Marketing
- Branding
- Digital Marketing
- New product strategy
- Marketing strategy
- Forecasting
- Marketing Management
These were some of the products in marketing and there are definitely some more like sales force management, operations, consumer insights strategy, and more. These subjects are very essential in the field of marketing and give the students a clear view of how exactly marketing is done.
There are plenty of career opportunities out there in the field of marketing. Especially in the field of digital marketing, there are humungous opportunities. Businesses have turned online or they’re planning to, in fact, several other businesses operate entirely online.
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Eligibility Criteria:
- The students must have completed their matriculation (10th) and higher secondary education (12th) from a recognized board.
- The student must have completed their graduation in any stream of education.
- At least 55% marks are expected throughout the academic career of the student.
- Different colleges have their own set of requirements and entrance tests, therefore, the students have to qualify for the interviews and the required entrance exams.
These were some of the details about the MBA in marketing which is also considered as one of the best MBA courses. One shall be aware of these details before going for the specialization. Marketing is a very potential sector and aspiring candidates must understand these details very carefully.
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MBA in Hospitality Management
It is one of the most popular and best MBA courses. Hospitality management refers to the hotel industry basically however it involves some part of the travel industry as well. MBA in hospitality management is a master’s program where the students get to learn about the management principles used in the hospitality industry.
Hospitality is one of the growing and actively operating industries that is expanding globally. Therefore, many hotel chains and resorts need professionals with expertise in hospitality management.
This clearly shows there is a good scope ahead after completion of this MBA program. It is certainly one of the best MBA programs firstly because of the high demand as the industry is rewarding and a career in this industry will be fruitful.
Yes, there are definitely good job opportunities in the hospitality industry. This MBA course has some very interesting subjects such as:
- Organizational Management
- Principles and Practices of Management
- Communication Skills
- Personality Development
- Event Management
- Hospitality Marketing and Sales
- Hospitality Law
These were only some of all the subjects involved in hospitality management, one of the best MBA courses for students to specialize in. There are some more subjects like Accommodation management, Marketing Management and more.
As mentioned, there are good career opportunities in the hospitality industry, and post completion of the course the students are likely to have fruitful careers. Usually, the job roles for MBA graduates in the hospitality industry include Sales Executive, Marketing Manager, Food and Beverage Manager, Accountant, etc.
Eligibility Criteria:
- The students must have completed their matriculation (10th) and higher secondary education (12th) from a recognized board.
- The student must have completed their graduation in any stream of education.
- At least 55% marks are expected throughout the academic career of the student.
- Different colleges have their own set of requirements and entrance tests, therefore, the students have to qualify for the interviews and the required entrance exams.
These were some of the very important details that any student shall consider before opting MBA in hospitality management. It is certainly one of the best MBA courses and presents quite a good range of opportunities for the students.
Conclusion
So, these were pretty much some of all the best MBA courses and there are actually more which can be considered one of the best MBA courses but the mentioned ones are more popular and common among students.
Courses to check out
