What is MBA?

MBA full form is Master of Business Administration. The MBA course is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. It consists of specializations like Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, Accounting, Business Communication, Business Law, Business Ethics, Supply Chain Management, Operations Management, Sales, and so on. Aspirants who wish to pursue an MBA program in a reputed B-school can do so by appearing for various MBA entrance exams, such as CAT, MAT, XAT, NMAT, or CMAT followed by WAT, GD, and PI rounds. Many colleges also offer direct MBA admission on the basis of marks obtained upon graduation. Students can apply to such colleges by filling out the application form available online or offline. MBA aspirants can seek admission to regular, distance, or executive courses according to their convenience. MBA subjects or the course material in an MBA program revolve around the concepts and topics that are vital to understanding business management or management in general. The course is designed to impart and nurture managerial and administrative skills in future business leaders and entrepreneurs. Some of the top MBA colleges in India include IIM Bangalore, IIM Calcutta, IIM Ahmedabad, IIM Lucknow, and MDI Gurgaon. The MBA fees in India generally range between INR 10 lakh and INR 25 lakh depending on the MBA college or B-school chosen by a student. Pursuing an MBA course after graduation is definitely a lucrative choice for individuals who have a passion for management. An MBA degree can enhance an individual's skills and abilities and make them competent enough to work at managerial levels, thereby opening doors to countless career opportunities. From Marketing to Tourism and Healthcare, every economic sector in this day and age has the need for managers and offers a wide range of MBA jobs like Finance Manager, Marketing Manager, Media Planner, Product Manager, Sales Manager, and many more. MBA salary for freshers can range between INR 2-4 lakhs per annum, depending on the specialization they have pursued and the industry where they are looking for employment. A professional with an experience of 4-5 years, can easily hike their earning potential and get a salary between INR 7-15 lakhs per annum. Senior or Executive level MBA jobs offer a salary package between INR 20-30 lakhs per annum. Read further for a more detailed explanation about the MBA course and other important aspects like MBA admissions, MBA colleges, MBA entrance exams, etc. if you're planning on pursuing this course.