Do you want an MBA Admission in India?
Are you searching for top B-Schools & Management colleges for Master of Business Administration courses?
In this blog post, you will learn about the Management courses, Business Schools & MBA Admission process in India.
An MBA program helps you learn about the process, policies, functions & managerial skills to effectively and efficiently manage an organization.
An organization can be for business or any non-profit organization.
Managerial skills are compulsory for employees to perform their job roles in an organization.
The study of managerial skills has become a trend due to the rapid development of management theories, techniques, and practices over centuries.
The art & science of modern management is continuously evolving and impacts all the business and organizations.
Even for entrepreneurship and entrepreneurial ventures learning management skills has become compulsory.
In this blog post, you will learn about:
>> MBA Admission in India
>> MBA Course Curriculum
>> Management Specializations
>> B-Schools & Management Colleges
>> Admission Process & Eligibility Criteria
MBA Admission in India
MBA programs help you build a career in business management.
Organizations and business enterprises rely on managers to achieve their goals & objectives.
The goals and objectives are the purposes of an organization that leads to profit and financial gains.
Management is an essential function across all departments of an organization (finance, operations, marketing & human resource management).
All departments of an organization must coordinate with each other to accomplish the goals & objectives of an enterprise.
Masters of Business Administration helps you learn about the business management process and techniques.
An MBA program is offered in more than 15+ specializations to broaden the scope of management practices.
However, the core MBA specializations are Finance, Marketing, Operations, Human Resource Management, International Business, & Entrepreneurship.
Modern business practices have led to various MBA specializations such as Retail Management, Logistics & Supply Chain Management, Production Management, Tourism Management, Hospitality Management, etc.
MBA Course Curriculum
The 2 yrs full-time MBA program is designed to help you learn about the various management theories, specializations, business practices, & ethics in Business.
Also, practical training, project work, and internship help you gain advanced knowledge of modern business management practices.
| MBA Curriculum | Elective Subjects |
|---|---|
| Management Theory & Practices | Financial Management |
| Managerial Economics | Management of Human Resources |
| Quantitative Techniques for Managerial Applications | Marketing Management |
| Business Law | Product Management |
| Organizational Behaviour | Operations Management |
| Business Policy & Strategy Management | Information Management |
| Executive Communication & Research Methodology | Logistics & Supply Chain Management |
| Operations Research | Retail Management |
| Entrepreneurship Development | Hospitality & Tourism Management |
| Management Information System | Hospital Administration |
| International Business Environment | International Business & Trade |
| Accounting & Finance | Business Analytics |
| Capital Investment & Financial Decisions | Event Management |
| Retail Operations Management | Entrepreneurship & SMEs Management |
| Customer Relationship Management | Agribusiness Management |
| Business Ethics & Value | |
| Risk Management & Insurance | |
| Facility Design & Management | |
| Hospitality Law | |
| Presentation & Seminar | |
| Industrial Training | |
| Project Course Work |
Core MBA Specializations
Operation Management
Operation functions have evolved from the business strategy and focus on fulfilling the vision and mission of the organization.
It is one of the vital components of business management.
The operation management team is concerned with the better utilization of available resources for transforming inputs (materials, labor, capital, energy, skill, and technology) into outputs (goods or services) for customers.
It involves the production of goods and services effectively for customer satisfaction.
The Major Functions of Operation Management are:
>> Designing & Planning
>> Facility Planning
>> Production Management
>> Quality Management
>> Inventory Management
>> Logistic & Supply Chain Management
>> Product & Service Management
Marketing Management
Marketing is the process of demand management which deals with identifying and meeting human and social needs.
The role of the marketing team is selling goods and services to dealers and buyers.
Understanding the needs and demands of customers with effective communication and information gathering processes are essential for good marketing management.
The 4 P’s of marketing (Product, Price, Place, and Promotion) are the basic parameters for planning an effective marketing management strategy.
Selling is an inside-out approach, and marketing is an outside-in approach that focuses on customer needs and demands.
International Business & Trade
International Business & Trade is the process of selling and marketing produced products to the market of another country.
International trade has become a dominant feature of business due to globalization, outsourcing activities, open systems of commerce & investment.
Development in the field of communication & transportation has simplified the international business & trade process.
Though the process still involves doing business in different cultural and legal frameworks.
Working in an international business environment is similar to national business in various terms such as finance, accounting, human resource management, marketing, and operations management.
However, the implementation of marketing strategies for foreign markets is more dependent on the different rules, regulations, and customer expectations.
Human Resource Management
Employees are the greatest asset of an organization.
A successful business management process depends on the effective and efficient unitization of human & non-human resources.
Therefore business enterprises must pay considerable attention to staffing, training, recruitment, and fulfilling employee demand.
The HRM team is responsible for job analysis, human resources, planning, recruitment, training, promotion, & appraisal.
Human Resource Managers must have specialized knowledge to plan and staff employees as per their roles, functions, & organizational duties.
Recruitment of human resources is an ongoing process that is essential for achieving the goals and objectives of an organization.
Financial Management
Finance is one of the critical functions of business management for the success of an organization.
All Managers must know financial functions such as budgeting, analysis of cost and profit, return on investment of capital, & cash flow management.
Financial management is a two streams functions that include:
>> Budgeting, Accounting, and Auditing;
>> Management of Finance
Financial management is concerned with the procurement of funds as per the organization’s budget & efficient utilization of funds for maximizing profit.
Financial statements are necessary to understand the current and future conditions of a business.
Financial auditing ensures expenditure controls and covers investment decisions and risk management.
Information Management & Business Analytics
Information Management is the process of managing business-related data or information.
Computing, Databases, and Networking technology are necessary for information management in an organization.
Management Information System (MIS) & IT-enabled processes are essential for information management & analysis of performance in a business.
The purpose of Information Management is to measure an organization’s performance concerning its goals and objectives.
Information management and performance analysis is a 2 step process that involves:
>> Organizing and collecting data and information of the organization performance and,
>> Business data and information analysis are helpful in the control and improvement of the organization’s performance.
Information management & business analytics is helpful for the performance analysis across various categories such as:
@ Customer Satisfaction Measures
@ Human Resource Management Measures
@ Operational Measures
@ Marketing Performance Measures
@ Financial Performance Measures
Top B-Schools & MBA Colleges in India
Indian Institute of Management:
Indian Institute of Management has 20 campuses.
IIM Ahmedabad, IIM Bengaluru & IIM Kolkata are ranked as the Top 3 MBA Colleges in India.
IIM conducts a Common Admission Test (CAT) for the selection of students.
Xavier School of Management:
Xavier School of Management has 11 campuses.
XLRI, Jamshedpur is ranked as the best Private MBA Institution in India.
XLRI conducts the Xavier Aptitude Test (XAT) for the selection of students.
Symbiosis Institute of Business Management:
Symbiosis International University has 10 campuses.
SIBM, Pune is ranked as the best Private MBA institution in India.
Symbiosis conducts the Symbiosis National Aptitude Test (SNAP) for the selection of students.
Narsee Monjee Institute of Management:
Narsee Monjee Institute of Management Studies has 5 campuses.
NMIMS, Mumbai is ranked as one of the best private MBA institutions in India.
NIMS Conducts Narsee Monjee Aptitude Test (NMAT) for selection of students.
ICFAI Business School:
ICFAI Business School has 9 Campus.
ICFAI, Hyderabad is one of the best private MBA institutions in India.
ICFAI Business School Aptitude Test (IBSAT) is conducted for the selection of students.
Indian Institute of Foreign Trade:
Indian Institute of Foreign Trade has 2 campuses.
IIFT, Delhi is considered one of the top MBA colleges in India.
An entrance exam is conducted for admission in the Indian Institute of Foreign Trade International Business (IIFT-IB) program.
List of other premier management institutions in India for MBA admission.
| Institution Name | City |
|---|---|
| Indian School of Business (ISB) | Hyderabad |
| Management Development Institute | Gurugram |
| S. P. Jain Institute of Management and Research | Mumbai |
| Great Lakes Institute of Management | Chennai |
| T. A. Pai Management Institute | Manipal |
| International Management Institute | New Delhi |
| Xavier Institute of Management | Bhubaneswar |
| Kalinga Institute of Industrial Technology | Bhubaneswar |
| Institute of Management Technology | Ghaziabad |
| BML Munjal University | Gurgaon |
| Alliance University | Bengaluru |
| Amity University | Noida |
| FORE School of Management | New Delhi |
| Nirma University | Ahmedabad |
| Birla Institute of Management Technology | Greater Noida |
| Lovely Professional University | Phagwara |
| Loyola Institute of Business Administration | Chennai |
| Chandigarh University | Mohali |
| K. J. Somaiya Institute of Management Studies & Research | Mumbai |
| International Management Institute | Kolkata |
| Institute of Management Technology | Nagpur |
| Institute of Management Technology | Hyderabad |
| International Management Institute | Bhubaneswar |
| Bharati Vidyapeeth Institute of Management | Pune |
| University of Petroleum and Energy Studies | Dehradun |
| Welingkar Institute of Management Development | Mumbai |
| Jaipuria Institute of Management | Noida |
| Christ University | Bengaluru |
| New Delhi Institute of Management | Delhi |
| School of Management, Manipal | Udupi |
| Xavier Institute of Social Service | Ranchi |
MBA Admission Process
Most B-Schools & Management institutions prefer entrance exam scores for shortlisting students for the final admission process.
Due to the limited seats, only a handful of MBA aspirants can secure a seat in top management colleges in India.
There are around 200 tier-1 management colleges in India.
Most of them allow students to participate in their admission process based on the marks scored in CAT, MAT, GMAT, SNAP, XAT, NMAT, etc.
Shortlisted students are only allowed to participate in the group discussion, personal interview & written Tests for the final selection.
You can apply for MBA admission to various institutions as the entrance exam scores are valid for one year.
The selection of your application process for MBA admission is dependent on the preferred institution’s eligibility criteria & entrance exam score.
Most of the private management colleges in India begin their admission process soon after the entrance exams.
Every year more than 2 lakh students join various educational institutions in India to study Master of Business Administration courses.
To join a premier management college in India, you must strategically plan for your MBA admission.
Often students make errors in college & course selection due to the wide range of educational institutions, lack of knowledge about MBA programs.
However, experts career counselors might be able to help you avoid this trap.
Direct Admission in MBA Colleges
To apply for MBA Direct Admission, you must prepare a list of preferred institutions to apply for admission.
Most of the admission application process is via online mode.
Submitting an online application form is compulsory for educational institutions to send you an invitation for further admission process.
The selection of students for admission is dependent only after qualifying the screening process by educational institutions.
You can either connect with educational institutions via call, web meeting or visit the education institutions.
Screening is done for documents verification, interviewing the students, briefing about the courses and college.
A minimum of 50% marks in graduation and a valid score in an entrance exam would be essential to apply for direct MBA admission in India.
Generally, after a poor performance in MBA entrance exams, you might get disappointed and think of taking a year drop.
Despite wasting your time, you must look forward to the future by making the right decisions about your career.
Conclusion
Knowledge of managerial skills is a must for all individuals working in an organization to effectively and efficiently perform their job roles.
Executive MBA programs help working professionals learn managerial skills.
Students who are just starting their professional careers after completing their degree must join full-time MBA programs.
The classroom-based MBA program provides you better learning experience, along with training & various other career opportunities.
MBA Admission & selection process is dependent on your overall performance throughout your academic career, entrance exam and personal interview, and written test.
Learning managerial skills is mandatory for the employees to function uniformly in competitive & challenging environments.
Also, to start your own business or enterprise, you must learn about entrepreneurship and SMEs management.
Entrepreneurs and SMEs are the backbones of the nation’s economy.
However, running a successful and profitable business requires you to know about various management processes & functions of business organizations.
FAQ’s about MBA Admission in India
A) The MBA Admission process continues throughout the year. A valid score in any of the preferred MBA entrance exams (CAT, MAT, XAT, GMAT) would be required to participate in the admission and selection process.
A) The course fee for an MBA/PGDM degree in top B-schools of India varies from 8 to 30 Lakhs INR. Students can pay their tuition fees via education loans offered by most of the financial institutions in India. Many Management colleges in India offer an MBA in 2 to 3 lakh package to educate the underprivileged students.
A) All students must have at least 50% marks in any of the degree courses to study MBA in India as per criteria set up by the Association of Indian Universities and AICTE. A relaxation of 5% to 10% is allowed for SC, ST & other reserved category students.
A) All MBA courses offer good career opportunities. However, knowledge of technical skills apart from managerial skills would be required to perform the jobs effectively. The core MBA specializations are the best MBA courses such as Operations Management, Human Resource Management, Marketing Management, Supply Chain Management, Information Management, International Business & Trade, Finance & Accounting, Entrepreneurship & SMEs Management.
A) Yes, You can do an MBA without any entrance exams based on your graduation score or degree.
A) MBA is a postgraduate program after completing an undergraduate degree. Due to the complexity of the course curriculum, You cannot study MBA after class 12th. However, you can join undergraduate management courses such as BBA, BBM, BCA, B.COM, or Hospitality Management.