MBA programmes are popular master's degree programmes in business, management, and commerce. The MBA programme improves professional skills and helps students build strong professional and social contacts, which can lead to more career opportunities. Top MBA programmes provide well-structured and comprehensive coursework that is tailored to the company's objectives.
The MBA degree offers a variety of customizable specialisations that can be pursued by both undergraduates and working professionals. Graduates of tier-1 best business schools in the world, such as IIM Ahmedabad, IIM Bangalore, MDI Gurgaon, and FMS Delhi, earn roughly Rs 20 lakh per year on average. MBA positions are in high demand in corporate and business organisations. In India, earning an MBA opens the door to a myriad of job prospects.
Eligibility Criteria for MBA
MBA eligibility criteria differ by MBA college in India and are dependent on the type of MBA programme pursued. The following are some of the general eligibility criteria for all types ofMBA programmes:
B.Tech, B.Sc, BA, BBA, B.Com. are some of the most common bachelor's degree programmes. Candidates should have a score of at least 50 per cent throughout their bachelor's degree. (In the case of IIMs, it's 60 per cent). Applicants must have received a minimum of 60 per cent in their class 12 final exams from an Indian recognised board. Candidates must have passed the entrance exam and meet the MBA cutoff requirements set by the MBA colleges.Difference between MBA and PGDM
For a layman, the difference between MBA and PGDM can be a little difficult to understand. At first glance both might look the same as well in terms of curriculum and value addition, however, there are certain differences between the two. The primary distinction is that MBA is a degree and a PGDM is a Diploma course. Secondly, the PGDM programme is offered by stand-alone institutions or autonomous bodies, whereas MBA is offered by universities or colleges affiliated with universities. If we discuss the duration, an MBA programme is for two years divided into four semesters, whereas a PGDM programme can be anything between one year to two and a half years. These are the primary differences between MBA and PGDM. To know the differences in detail you can read Career360’s article on the difference between PGDM and MBA.
What after MBA?
After securing an MBA degree, candidates can either start working as a full-time professional or
pursue their own startup or higher studies. There are various companies that offer MBA jobs to
candidates with appropriate skills and experience.
Option 1: After completing an MBA degree programme, candidates can start working as fulltime employees in the corporate sector with an average salary of around Rs 12 lakh per annum.
Option 2: Candidates can also choose to pursue a PhD programme in management or a related field.
Career Options after MBA
Many students take up MBA degrees in order to get a job after completing their studies. After
getting an MBA, many of them find MBA job opportunities in various industries such as Human
Resources, Finance, and Operations.
Manager: A manager is responsible for the management of a team, department, or organization.
He or she works as a leader of a team and supervises the work of its members.
Sales Manager: A sales manager is responsible for the management of all the tasks involved in
the sales process. This professional is also responsible for ensuring that the targets are met and
that profits are maximized.
Marketing Manager: A marketing manager is responsible for various tasks and responsibilities
related to marketing such as campaigns, sales tasks, client proposals and marketing of different
products.
HR Manager: A human resource manager is responsible for the management of the human
resources function of an organization. His or her responsibilities include the recruitment process,
employee relations, and professional dispute resolution.