How to Get Master of Business Administration
Master of Business Administration is a comparatively new study program that started in the USA in the early 20th century when industries established and companies searched for scientific approaches to management. The key courses of MBA cover various aspects of business like marketing, finance, accounting, statistics, human resources, and operations. These courses refer to the strategy and analysis of management. Now MBA is a famous academic study which is taught all over the world in the universities online and offline.
The program is a powerful study which opens the doors of opportunities to its students both in indulging business practically or managing and administrating the companies. In India, the significance of this program is especially high because of the country’s fast-growing industrial and business sector. If you are in India and wondering what career to choose, do not hesitate to pick MBA as your one powerful option to a bright future. India is also a suitable country for the foreign students to apply to MBA study programs in the universities. With more than 300 universities and 17000 colleges, low cost of study and second largest English speaking population this country makes a fine option for you to study MBA.
How You Get Masters of Business Administration?
We give you here some tips to help you start from the scratch for your MBA program. First, you need to acquire BA degree with minimum 55% marks. It is better if you study business in BA but not compulsory for successfully entering in MBA. Taking GMAT is required so that you are accepted in MBA. Research the program study in different universities and options that you have at hand. Each program has different requirements and you can pick what suits you. Apart from these academic requirements, you need to get some real business world experience. The practical knowledge from close will enable you to imagine the things better and understand your program deeper.
MBA Universities in India
Here are some top universities in India that offer MBA program. You can check the list here and pick one university that is closest to you or that seems the most suitable institution to you:
- Indian Institute of Management, Ahmedabad
- Indian Institute of Management, Calcutta
- XLRI – Xavier School of Management
- S.P. Jain Institute of Management and Research
- Management Development Institute, Gurgaon
- Faculty of Management Studies, University of Delhi
- Indian Institute of Management, Kozhikode
- Indian Institute of Management, Indore
- International Management Institute, Delhi
- Indian Institute of Foreign Trade (IIFT)
- School of Business Management, NMIMS University
- National Institute of Industrial Engineering
- Institute of Management Technology, Ghaziabad
- Symbiosis Institute of Business Management
- Symbiosis Institute of Business Management
- Department of Management Studies, Indian Institute of Technology Delhi
- T. A. Pai Management Institute
- Rajiv Gandhi Indian Institute of Management
- Birla Institute of Management Technology, Greater Noida
- Shailesh J. Mehta School of Management
- Institute of Rural Management, Anand
- Symbiosis Centre for Management and Human Resource Development
- Symbiosis Centre for Management and Human Resource Development
- Goa Institute of Management
- Jamnalal Bajaj Institute of Management Studies
- Prin. L. N. Welingkar Institute of Management Development and Research (WeSchool, Mumbai)
- LalBahadurShastri Institute of Management
- K. J. Somaiya Institute of Management Studies and Research
- National Institute of Agricultural Extension Management
- Sydenham Institute of Management Studies, Research and Entrepreneurship Education
- National Institute of Technology, Tiruchirappalli
- Bharathidasan Institute of Management (BIM)
- AIMS Institutes
- Asia-Pacific Institute of Management
- Loyola Institute of Business Administration
- Indian Institute of Management, Ranchi
- PSG Institute of Management
- Indian Institute of Social Welfare and Business Management
- Amity Business School, Noida
- Jaipuria Institute of Management, Lucknow
- Institute for Financial Management and Research
- KIIT School of Management
- Institute of Management Technology, Nagpur
- Sri Balaji Society’s Balaji Institute of Modern Management
- Xavier Institute of Management and Entrepreneurship, Bangalore
- SCMS Cochin School of Business
- Institute of Management, Christ University
- Prestige Institute of Management and Research
- Vaikunth Mehta National Institute of Cooperative Management
- SIES College of Management Studies
Fees of MBA and Admission Process in India for 2017 and 2018
The fee of MBA program is slightly different from one specific program to another. There is finance, marketing, operations management etc. You can find the total expensive somewhere from 4 Lakh INR to 17 – 20 Lakh INR. Entry level degree costs a little lesser. This sounds a bit costly but the future is promising for the successful MBA students. They get highly paid jobs and enjoy a privileged life in their career.
The admission process for MBA consists of three things entrance exam, group discussion or personal interview or both. Interested candidates can prepare for these with the help of group course or through individual tutoring sessions either online or offline. The purpose of these tests is to improve your skills and not just acquire the high score!
What MBA Program is Best for You?
When it comes to doing MBA, you need to consider what time duration and level of MBA program you should choose. The top best is full two-year MBA program. This takes couple of years and regular study. You can take the same curriculum in 3-4 years as a half-time student. Executive MBA is for those who want to improve their career. They can take weekend classes and finish the course in 2 years. Specialty MBA is to improve your knowledge in certain area like computational finance. Online MBA is a great opportunity for students who are living in far flung areas but you need to find only those online MBA programs that are accepted globally.
What Salary Can You Expect after MBA?
The salary of an MBA qualified individual as a fresh graduate starts at 8,000 per month. The salary keeps on increasing with experience and big firms pay more. You can easily INR 100,000 earn after 3-4 years of experience and even more at some posts.