Are you planning for a Master in Business Administration degree? If your answer is a big yes, then in this article you will find all the necessary information you need to know before deciding to step into the field of MBA.

 

Master of Business Administration

One of the most prestigious degrees not only in India but all over the world is MBA. MBA which stands for Master of Business Administration is a top-level degree which focuses on the required skills required in business and management which enhances the career of the candidate in the desired field. MBA allows you to learn the principles of management, and leadership. 

You also learn to successfully organize and adapt to multiple business environments. The skills which you learn in your MBA helps you to enhance your business or an organization in a better way. An MBA has the potential of converting obstacles into opportunities.

 

What is MBA?

Master of Business Administration is a post-graduate degree which helps the students to understand the principles of business and management. It generally takes 2 years to complete your MBA. It generally helps you in forming up your connection in terms of network, skills, and brand. You also understand the value of soft skills, leadership, values, ethics, communication, and teamwork.

 

Structure

The course structure for the MBA has core subjects, and the electives one.

Core: –

  • Accounting 
  • Economics (Aggregate Economics and Managerial Economics)
  • Organizational Behavior
  • Quantitative Analysis (Business Statistics and Operations Research)
  • Financial Management
  • Human Resource Management
  • Marketing Management
  • Operations Management
  • Corporate Governance
  • Corporate Social Responsibility
  • Business Ethics

 

Electives: –

  • Entrepreneurship
  • Managing Non-Profits and Real Estate
  • International Business
  • Management Information Systems
  • Market Research
  • Business Law
  • Project Management
  • International Finance
  • Organizational Design Negotiations

Multiple other additional electives are added depending upon the Universities.

 

Specialization in MBA

Following is the list of the most popular specialization in MBA.

  • Marketing

Marketing is one of the trendiest topics in the present era. Marketing department plays a vital role in multiple organizations since they are the ones who have to make the growth in the revenue, have to increase the sales of the market and have to take care of the company growth and profit. 

Students those who are deciding to choose this specialization in their MBA will get to know about the principles and protocols of the key factors which are required within every organization. Some of the key factors are Market Research and Analysis, Consumer Behavior, Customer Analysis, Product Management, Business Ethics, Advertising, Brand Management, E-Commerce, and Digital Marketing.

  • Human Resources

It allows you to understand the key points to manage, acquire and systematically retain a workforce. In this specialization, you understand the principles to handle the team and get some valuable outcome from your team in a positive manner. You will be dealing with the recruitment, training and development, selection, promotion and designing jobs. 

You also have to maintain a good relationship between the employee, company and the customers. Apart from this, you will also be responsible for multiple get-together and off-site meetings. 

  • Finance

This is one of the most popular specializations in MBA. Also, the paychecks offered by various organizations make this specialization even more popular. Generally, in this specialization, you get to know about the functions of the financial world. You also get to know about the multiple theories over finance which you can apply for solving multiple business obstacles. 

It also gives you to decide your career choice in fields like Investment Banking, Asset Management, Portfolio Management, Risk Management and a lot more. 

  • Information Systems

The growth of technology has created a huge demand for employees with both technical and business knowledge. This specialization allows you to understand and deal efficiently with e-commerce. 

System Analysis, Data Analyst, Network Security, E-Business, Supply Chain Management, and Project Management are the various areas which come under this specialization. 

  • Consulting

This is another favorite specialization opted by many candidates. It allows some high profile jobs along with some high paychecks and also allows you to travel to multiple places. Consultants are required when solutions are required to the organization when the internal staff is not able to solve the problem. 

Operations Consulting, Strategy Consulting, and a lot more are the multiple sectors connected to consultant specialization.

  • Entrepreneurship

This specialization allows you to deal with all the obstacles and to work properly on your start-up. It gives you the theory along with the real-world projects. It allows you to enhance your creativity and logic to build a great business plan.

  • Operations Management

In this specialization, you learn to efficiently manage the multiple sectors of an organization. It allows you to deal with the multiple issues the organization face in the management department. Supply Chain Management, Quality Control, are some of the few examples that you are going to learn in this specialization.

 

Some other specialization in MBA

Apart from the above-listed specializations, the following are some extra specialization you can take in your MBA.

  • Health
  • Media
  • Non-profit

 

Subjects of MBA in popular Specializations

The subjects you will encounter in MBA Banking and Finance are as follows.

  • Managerial Economics
  • Business Environment and Ethics
  • Accounting and Finance for Managers
  • Management Control Systems
  • Merchant Banking
  • Marketing Management
  • Mutual Fund Management
  • Banking and Insurance Marketing
  • Corporate Communication
  • Principles of Management and Organizational Behavior
  • Commercial Banking and Role of RBI

 

The subjects in MBA Marketing are as follows.

  • Brand Management
  • Economic Analysis
  • Industrial Marketing
  • Sales Forecasting
  • Consumer Behavior
  • Marketing Ethics
  • Advertising Management
  • Principles of Sales Management
  • Marketing Concepts
  • Marketing Planning
  • Marketing Research
  • Marketing Audit

 

Subjects in MBA Human Resources are listed below.

  • Managerial Economics
  • Strategic Management
  • Corporate Communication
  • Industrial Relations Management
  • Organizational Development and Change
  • Compensation Management
  • Human Resource Development and Planning
  • Human Resource Management
  • The methodology of Training and Development
  • Principles of Management and Organizational Behavior
  • Personnel Management Concepts
  • Accounting and Finance for Managers
  • Marketing Management

Mostly the syllabus is the same in almost every University, but before opting for any Universities, you can look over the syllabus for a reconfirmation.

 

Master of Business Administration distance learning

 Following is the list of top institutes which allows MBA from distance learning.

  • Institute of Management Studies, Ghaziabad
  • Symbiosis Centre for Distance Learning (SCDL)
  • Indira Gandhi National Open University (IGNOU)
  • ICFAI University
  • Sikkim Manipal University
  • Annamalai University
  • Narsee Monjee Institute of Management Studies
  • Amity University
  • Lovely Professional University

These are just some of the few institutes which offer MBA as distance learning.

 

Master of Business Administration Graduation in One Year

Those students who have discontinued their studies after graduation can now complete their MBA in a single year. Credit Transfer Scheme allows the students to complete their one sitting MBA degree. 

The only eligibility is that the students must have passed their undergraduate from a recognized University.

 

Advantages of one-year graduation

Those students who have completed their MBA in a single year are eligible for various private and public sector jobs. They can also continue their further studies in the desired field. Those candidates who have passed the one-year degree course are presently working in companies like Google, Microsoft, Videocon, Dell, HCL and Wipro.

 

Career Opportunities after Master of Business Administration

The following are the sectors where an MBA can enhance their career.

  • Banking and Finance
  • Information System Management 
  • Investment Banking
  • Management Consulting
  • Private Equity
  • Data Analyst
  • Entrepreneurship

Generally, starting average salary of an MBA is between 14 lakhs to 20 lakhs per annum.

 

Top Universities for Master of Business Administration

Following are some of the top Universities in India for your MBA degree. 

  • Indian Institute of Management, Gujarat
  • Indian Institute of Management, Karnataka
  • Indian Institute of Management, West Bengal
  • Indian School of Business, Telangana
  • Indian Institute of Management, Uttar Pradesh
  • Indian Institute of Management, Kerela
  • Indian School of Business, Punjab
  • Management Development Institute, Haryana
  • Indian Institute of Foreign Trade, Delhi
  • Christ University, Karnataka
  • Institute of Management Technology, Uttar Pradesh
  • International Management Institute, Delhi

So these are some of the top colleges of India where you can pursue your MBA and take your career to a new height.

 

Conclusion

MBA is one of the highest-ranked degrees. You can take this course once you clear your CAT examination after which you will be shortlisted for various colleges. If you have any difficulties regarding your MBA, you can freely talk to us.