What is an MBA (Master of Business Administration)?
The full form of an MBA Degree is Master of Business Administration. It is a most popular national and international post-graduate course for two years. After completing an MBA program there are many good job opportunities in India and abroad. So In this program students improve their skills and study how to grow an organization and generate large revenue . It is also an advanced degree through which the professionals lead different organizations in both the public and private sector. Today different types of organization, companies, and industries are increasing rapidly. So there are a large number of MBA Degree professionals needed for leading these industries.
Similarly the students can do a regular MBA or Postgraduate Diploma in Management. These programs will be completed in one or two years with four or six semesters. So as you know there are many private and government MBA Colleges where these programs are available and you take admission. But the MBA Degree or diploma programs fee may be different in private and government colleges. There are some other modes of MBA courses such as regular, online and distance-education. So the students choose these modes according to their interest based on their professional experience such as executive MBA.
Difference Between MBA Degree and PGP or PGDM
Many students confuse very much during choosing MBA or PGDM so we will clear here both MBA (Master in Business Administration) and PGDM (Post-Graduate Diploma in Management).
So MBA is a degree course and offered by both government and private universities or those colleges which are affiliated theses universities. Similarly PGDM is a diploma program offered by business schools or colleges which are recognized by AICTE (All India Council for Technical Education). As some observers say that many students think PDMA is not as effective as an MBA degree. So it is not true and both have the same outcomes in terms of employment prospective. Similarly after completing PGP or PGDM, the candidates are offered a diploma by colleges or universities. Similarly after completing MBA, the candidates are offered a degree by colleges or universities.
Specialization Types in MBA Courses
There are many specializations in MBA courses so many students become very confused during choosing the specialization. So we are describing here most popular specializations. And so you read these points carefully and choose your interesting MBA courses specialization and suit your career.
- MBA in Finance
- Human Resource Management
- International Business
- Operation Management
- Information Technology
- Rural Management
- Agribusiness Management
- Health Care Management
- MBA in Supply Chain Management
So there are many options for MBA specialization for a candidate who wants to take admission in an MBA program as mentioned above. We are describing below about these specializations.
MBA in Finance (MBA Degree)
It is the most popular specialization in the MBA program and many candidates choose this for good career prospective. So In this specialization you will teach about costing, international finance, budget, and capital management etc. When you will study this deeply then you will become an expert in related areas. You can get a good career opportunity in the banking sector of India and everyone knows the growing size of indian banking sector or abroad also. Also you can do work in other sectors also as insurance industry, mutual fund, stock exchange, and financing consulting sector. So you will handle highly responsible departments and organizations.
MBA in Marketing
Similarly after completing an MBA in marketing you will have a very dynamic and competitive career. In this a candidate will study deeply about consumer behaviour, aspects of advertisement, and many other interesting skills which are related to the marketing of products and services. Also you will teach in this specialization about developing business plans, identifying the strength and weakness of an industry’s business and how to improve and grow business.
MBA in Human Resource Management
Human Resource management chooses those candidates who want to become a part of human resource function and strategies. In this workforce diversity, mergers and acquisitions, managing demand and supply of labour markets in international leadership are included. And if you have good personality, communication skills, reliability, and confidence, you should choose an MBA in HR.
MBA in International Business
The main aim of MBA in international business is to provide deep understanding of the organizational capabilities for international operations such as international markets and finance etc. In this specialization you will get the opportunity to travel around the world to hone a cross-cultural perspective.
MBA in Operation Management
In this you will learn dealing with a production manager or shop floor management related function and most of the students of engineering background choose this specialization. So after completing this degree you will get good salary offers as an operational manager.
MBA in Information Technology
Similarly in this program you will manage the planning, design, selection, implementation, usage and administration of emerging and converging information and communication technologies. If you have an IT background then you will play an essential role in the business team such as implementing hardware and software solutions to solve the problems.
MBA in Supply Chain Management
You will get a unique and exciting opportunity for an MBA in Supply Chain Management. It will include inventory management, and transportation of various materials required by the client or a company. So you will do analysis of the activities and take decisions to plan and control private and public physical distribution and transportation channel systems.
Admission Procedure in MBA Degree Or Diploma
So as you know that there are many colleges and universities in India and abroad which provide MBA degree or Diploma courses in different specializations. The admission procedure may be different in different colleges and universities.
Similarly some institutions have criteria for higher percentages, and good background in qualifying examination. But some colleges have a similar criteria such as a bachelor’s degree or equivalent in any discipline with at least 50% aggregate marks. Those candidates are appearing in the final year examination of undergraduates also eligible in examinations.
So In India the colleges and universities offer MBA degree or Diploma courses in full-time, part-time, and distance learning mode. Spme most popular MBA exams are conducted by IIMs, S.P Jain Mumbai, Management Schools of IITs, MDI, NITIE Bombay, XLRI Jamshedpur, BIM Trichy, Goa Institute of Management, FMS Delhi and other colleges. Similarly these colleges conducted written tests, group discussion and interview and final selection is based on written exam and group discussion and personal interview.
Syllabus of MBA Degree
Generally there are four semesters in MBA and syllabus are described below semester wise.
Semester – 1
- Organizational Behaviour
- Marketing Management
- Quantitative Methods
- Human Resource Management
- Managerial Economics
- Business Communication
- Financial Accounting
- Information Technology Management
Semester – 2
- Organization Effectiveness and Change
- Management Accounting
- Management Science
- Operation Management
- Economic Environment of Business
- Marketing Research
- Financial Management
- Management of Information System
Semester – 3
- Business Ethics & Corporate Social Responsibility
- Strategic Analysis
- Legal Environment of Business
- Elective Course
Semester – 4
- Project Study
- International Business Environment
- Strategic Management
- Elective Course
Job Opportunities After Completing MBA Degree
After completing the MBA program, the candidates get a job for sure and it is not a tough task for them. There are many job opportunities available after MBA in India or abroad. The candidates also have many questions regarding jobs, scope, nature of work and career opportunities in MBA courses. So we are describing you below clearly the salary packages as an organization’s manager profile after completing MBA degree or diploma courses.
MBA Job Profile and Avg. Salary Packages Per Annum (In Lakh)
- Product Manager – 15
- Data Analytics Manager -14
- Digital Marketing Manager – 4.5
- Advertising Sales Manager – 8.5
- NGO Manager – 5
- Project Manager – 13
- Telecom Manager – 7
- Transport & Logistics Manager – 6
- Finance Manager – 9.6
- Marketing Manager – 10
- Sales Manager – 10
- Human Resources Manager – 4
- Operations Manager – 7
- Infrastructure Manager – 11
- International Business Manager – 9
- Risk Manager – 10
- Energy & Environment Manager – 6
- Import & Export Manager – 6
- IT & Systems Manager – 7
- Healthcare & Hospital Manager – 4
- Materials Manager – 6
Top Companies Which Provide Good Salary Packages of MBA Aspirants
So there are many top companies which provide good job opportunities and salary packages in India and abroad for MBA aspirants. So thus these companies are 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 and many other companies.
Similarly above companies have their own different criteria for job selection procedure. So you first checked these companies and industries selection criteria and after completing this you can join these groups and make a career here.