MBA, short for – Master of Business Administration, is a highly valued degree designed to develop the skills required for careers in business and management. Attaining an MBA allows you to learn how to successfully manage, lead, organize and adapt in a variety of business environments. The skills learned through an MBA program prepare you with practical skills as well as theoretical knowledge that you can further your business aspirations with. An MBA can translate your raw potential into great opportunities.
Most MBA programs include a core curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Some schools require that MBA candidates complete an internship at a company or organization, which can lead to concrete job opportunities after the program.
Who can do MBA or What qualifications do you need to do an MBA?
In general, schools do not require a specific undergraduate major in order to apply for a Master of Business Administration. An MBA can further your career goals, whether your undergraduate degree is in music, medicine, engineering, or liberal arts.
Eligibility Criteria to Get Admission in MBA
The minimum eligibility criterion for admission is at least a 3-year bachelor’s degree with at least 50 per cent marks or equivalent (45 per cent for SC/ST or persons with disability (PWD) category, of any of the Universities (please check specifications) or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. Here, are some Bachelor courses-
Most People Ask That Do They Need an Undergraduate Business Degree to Get Admission in MBA
NO , you do not need to have an undergraduate business degree to get admission in MBA. You can get admission in MBA if you have following graduation degree. Check List of Qualifications To Get Admission in MBA .
List of MBA Specializations, Streams
1. MBA in Finance
Finance is one of the most sought after MBA specializations that focuses on management accounting and control, the Indian capital and money market, banking, privatization and international finance. After completing a degree in MBA in Finance, one can opt for various jobs in banks, financial consultancies and financial institutions. One can also find job opportunities in areas like consumer and investment banking, institutional finance, merchant banking, corporate finance and international finance.
2. MBA in Marketing
Like MBA in Finance, MBA in Marketing is also a very popular among MBA aspirants. MBA in Marketing offers ample opportunities to aspirants who wish to get in the fast lane of making big bucks. MBA in Marketing requires sharp skills and knowledge in the field of marketing, advertising, and public relations. With MBA in Sales & Marketing, one can accelerate their entry and progress in the corporate world.
3. MBA in Information Technology (IT)
In the recent times, MBA in Information Technology has become very popular in Indian B-Schools. Since, we are living in a technologically advanced world where everything is connected to technology, the IT industry needs highly qualified and skilled people to take on the mantle of managing teams and projects. MBA in IT imparts knowledge and skills to future IT managers and also makes them understand various aspects of a project like planning, design, selection, implementation, use and administration of emerging and converging information and communications technologies.
4. MBA in International Business
Nowadays, most companies run their operations globally for which they need skilled and highly educated manpower to manage things well. An MBA degree in international management proffers exciting, bright, and fast paced career in global business management. To get through to this field, one must have spectacularly good business sense, and ability to settle in the multicultural work environment.
5. MBA in Operations Management
Operations is one of the four pillars of a business enterprise and MBA in Operations, equips the candidate in exactly what all is needed to run a business enterprise efficiently and effectively. Operations Management includes, planning, organizing, controlling and supervising manufacturing processes. This specialization is ideal for candidates from engineering background.
6. MBA in Leadership
MBA in Leadership is gaining popularity. It equips students with an interdisciplinary business education and students also gain the essential aspects of leadership needed for success in the business world. This program usually focuses on disciplines like finance, management and marketing and the methods of team building, corporate communication, and conflict resolution.
7. MBA in Strategy
In the past few years, management programs that specialize in strategy have received a good response from MBA aspirants. MBA in Strategy equips students with strategic thinking required for the effective management of competitive market dynamics. The strategic lessons include industry and environmental analysis, internal analysis and competitive advantage, organizational structure, design and alignment, market evolution and dynamics and so on.
8. MBA in Entrepreneurship
As the name suggests, MBA in Entrepreneurship is designed for aspirants who wish to become successful entrepreneurs. To ensure the continual development of a company, nowadays, organizations hire specialists for managerial positions who can effectively manage the operations and lead the organization. This program focuses on business strategies that lead to innovations. It is also a controversial specialization because many of the experts believe that it is something that cannot be taught.
9. MBA in Innovation
Innovation is in-built, it cannot be taught. Do you also think this way? It’s time to change your outlook and move forward with the world. This program provides a strong foundation to future managers and helps them in developing their skills, knowledge, and thinking. To get success in innovation management, one must know how to manage effectively.
10. MBA in Corporate Social Responsibility
As a result of the global economic slowdown, MBA in Corporate Social Responsibility is increasingly becoming popular these days. It is a unique program that accumulates the teaching and learning in management with state-of-the-art thinking in corporate social responsibility. Students get to study the nature of different organizations, including private, public, and not-for-profit organizations, their management, and the dynamic environment in which they operate.
MBA Admission Procedure in Top Colleges
MBA admission process in top MBA colleges opens every year in the month of July/August and closes after 2-3 months from the opening date. While IIFT, IIMs, XLRI, NMIMS, SIBM among others open their admission process in July-August, other top MBA colleges like FMS, MDI, SPJIMR, IMI, IMT begin their admission process in September-October and close it in December. If you are planning to do MBA from one of the top MBA colleges in India, you must be aware how to take admission in MBA college and understand very well the MBA admission process of the MBA college where you want to apply.
MBA colleges like FMS Delhi, IIFT Delhi, XLRI Jamshedpur, MDI Gurgaon, SPJIMR Mumbai, NMIMS Mumbai, IMI New Delhi, IMT Ghaziabad, IITs follow the 4 steps Admission process to their flagship MBA/PGDM programmes.
- Indian Institute of Management Ahmedabad
- Indian Institute of Management Bangalore
- Indian Institute of Management Calcutta
- XLRI-Xavier School of Management, Jamshedpur
- SP Jain
For more information about Top 10 MBA Colleges in India
Top 10 Government MBA Colleges
- Indian Institute of Management (IIM)-A (Ahmedabad)
- Indian Institute of Management (IIM)-B (Bangalore)
- Indian Institute of Management (IIM)-C (Calcutta)
- Indian Institute of Management (IIM)-L (Lucknow)
- Indian Institute of Management (IIM)-I (Indore)
For Complete Information check Top 10 Government MBA Colleges
Top best executive MBA colleges
- Indian School of Business (ISB)
- Indian Institute of Management- Ahmadabad (IIMA) …
- Indian Institute of Management- Calcutta (IIMC) …
- Indian Institute of Management- Bangalore (IIMB) …
- Indian Institute of Management- Lucknow (IIML)
Top 10 MBA Colleges in the World
The QS Global MBA Rankings 2019 have been released today, ranking business schools from around the world. The rankings are also split up into regions: Asia, Europe, Canada, Oceania, Latin America, and the US.
The rankings are based on a total of 13 criteria which form the basis of five key indicators: employability; entrepreneurship and alumni outcomes; return on investment; thought leadership; and diversity. Learn more about our methodology here.
The top 10 business schools in the World
- Stanford Business School, US
- Harvard Graduate School of Business, US
- The Wharton School at the University of Pennsylvania
- London Business School, UK
- MIT Sloan School of Management, US
For Complete Information check Top 10 MBA Colleges in the World
I hope this information will help you in finding best B-School for MBA. Choose wisely as per your preference.