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MBA in Business Management: The Complete Guide

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Jagpreet

11 April, 2024

MBA in Business Management: The Complete Guide

From every second Netflix series to the story of every working professional, matured and modern business management practices have become the need of the hour. You’ll see the main lead of a drama series use innovative tactics and improvise his business models to stay at the top of the game. How the market changes and how your favourite character handles the entire situation.  Coming out of this fiction, you will see a similar situation. With the changing world economy, many management tools and business practices have become obsolete. Thus, it poses a huge challenge for business professionals to stay relevant in the current scenario and beat the competition. So, if you are a working professional aiming to achieve success in the business, it is the best time for you to pursue an MBA Degree in Business Management.

In times like these, businesses look for employers who are skilled enough to tackle modern problems with modern solutions. Employers are looking for candidates with a strong understanding of business management combined with their niche skills. And the most efficient way to achieve this is by pursuing an MBA in Business Management. In fact, with the provision of online education, you can pursue an online MBA degree without compromising on any commitment. This is also one of the reasons why a huge pool of management aspirants are pursuing this programme.

What is an MBA in Business Management?

As the name suggests, the MBA in Business Management emphasizes primarily business operations, management crises, devising solutions with limited resources, and cross-cultural leadership. The course is usually two years long and includes modules like Change Management, Business Negotiation, and others. The MBA in Business Management or MBA (General) is the most popular management programme in India in both offline and online modes.

It is a practice-based course which involves studying case studies and working on real-time projects and training. Although every institution has a different structure, the end result will always be you becoming a competent business manager/leader.

To help you learn more about this programme, we have compiled all the essential details for you.

Course Name MBA in Business Management
Course Type Master’s Programme
Mode Full-Time, Part-Time, Distance, Online
Eligibility Must be a graduate from a reputed institution with a minimum of 50% marks in the last qualifying exam.
Duration 2 Years
Average Salary Offered INR 10 to 12 LPA
Employment Roles Business Operations Manager, Project Manager, Product Manager, Human Resource Manager, Financial Manager, Management Consultant, etc.

Why Opt for an MBA in Business Management?

In today’s world, the most anticipated step for many professionals is adding an MBA degree to their profile. And why not? Irrespective of the industry you work in, an MBA in Business Management benefits your career growth in countless ways. As you enter corporate life, learning business management tactics becomes essential to assuming senior or higher management positions.

These are a few reasons why you should consider opting for an MBA in Business Management:

  • Broader Perspective of the Global Market:

    Studying an MBA programme gives you the chance to interact with peers and professionals around the world. Networking is crucial for working professionals and that is how MBA benefits you.

  • Better Job Opportunities:

    Getting a lucrative job opportunity in this highly competitive job market is a challenge. With an MBA in Business Management, you get a wider pool of career opportunities with high salary packages in multinational corporations.

  • Enhanced Time Management and Communication Skills:

    Soft skills like communication and time management are fundamental for professionals to succeed. An MBA programme involves juggling between extracurriculars, project work and challenging course work.

Who can pursue an MBA in Business Management? 

There is no hard and fast rule for pursuing an MBA in Business Management. As business management forms the core of the business world, anyone who aims to assume a decision-making position in an organisation can pursue this course. You do not need any particular qualification; just an undergraduate degree from a reputed institution is enough. This course is designed for fresh graduates intending to enhance their academic credentials and working professionals who aspire to accelerate their career growth.

MBA in Business Management  Curriculum

Every university follows a different curriculum, and the below-mentioned is general coursework followed by most institutions.

Semester 1 Semester 2
Management Economics Corporate Finance
People & Performance Marketing Management
Quantitative Methods Financial Reporting
Management Information System Human Resources Management
Business Environment and Law Operations Research and Management
Wise Innovation Research Methodology

 

Semester 3 Semester 4
Business Strategy and Policy Entrepreneurship Development
Legal Business Aspects International Business
Design Thinking Project Management
Elective subjects Elective Subjects

MBA in Business Management Eligibility

Although every Indian university has different admission criteria, you must fulfil the following eligibility parameters to enrol in an MBA programme:

  • A candidate must have completed his bachelor’s degree from a recognised institution with a minimum of 50%. There is a 5% relaxation for reserved category students.

  • Depending upon the study mode, a candidate may have to appear for management entrance exams like CAT/CMAT/GMAT.

  • Some universities conduct their separate entrance exams followed by a round of group discussions and personal interviews.

  • In the case of an online MBA, generally, there are no entrance exam criteria.

MBA in Business Management: Mode

As every candidate has different requirements, this course gives you the option to choose your study format according to your convenience. Here are the different modes of MBA in Business Management:

  • Full-time MBA:

    This is often called a regular mode of education, in which the classes are conducted on the university campus and the candidates must attend all the academic activities in person.

  • Online MBA:

    For candidates who have time constraints and are looking for flexibility, online learning is the best option. Class sessions and exams are both conducted online.

  • Part-time MBA:

    It is less flexible compared to online MBA. In part-time mode, classes are generally conducted on weekends or evenings. However, this extends the overall duration of the programme.

  • Distance MBA:

    It is best for candidates without high-speed internet or a laptop. You will receive printed study material from the university and have to study at your own pace. However, for exams, you will have to visit the university’s regional centre.

Tips on Choosing The Right MBA College

Choosing the right college can be extremely overwhelming and confusing. There are a number of colleges offering MBA programmes in India both online and offline. The right college will align with your interests and goals most appropriately. Here are a few useful tips for finding an MBA college:

  • The college/university must be recognised and approved by government bodies such as UGC, DEB, NAAC or WES to offer the course.

  • Check the student support facilities and amenities provided by the university.

  • Go through the college/university’s fee structure. Do they provide financial assistance, or is there an EMI option available?

  • The location of the college also matters. An institution in a prime location will have more networking opportunities.

  • Research the university’s placement record and the assistance it provides to students. It is also important to check which companies visit campus and what packages they offer.

  • Review the coursework and see if it offers the training and knowledge you wish to seek.

MBA in Business Management Colleges

Regular MBA Colleges
Name of the College Fee
XLRI, Jamshedpur INR 14.3 (per annum)
SPJIMR INR 24 (Full course fee)
Lovely Professional University INR 2,00,000 (Per semester)
Amity University INR 3.89 (Per annum)
Chandigarh University INR 1,39,000 (Per semester)

 

Online/Distance MBA Colleges
Name of the College Fee
XLRI Online Learning INR 13.9 (Full course fee)
Chandigarh University Online INR 37,500 (Per semester)
Dr. D.Y. Patil Vidyapeeth, Pune INR 1,69,200 (Full course fee)
Online Manipal INR 43,750 (Per semester)
IMT CDL INR 31,000 (per semester)

 

Related: Top 10 Online MBA Colleges in India

While some institutions offer a general MBA that comprises management modules, few institutions provide PGDM in business management. Please note that PGDM is equivalent to MBA, though the courses may differ. An MBA is a two-year programme; however, a PGDM can last from 15 to 18 months.

Career Opportunities After MBA in Business Management 

Career Opportunities  Average Salary (INR) 
Business Operations Manager 17.9 LPA
Human Resources Manager 10.8 LPA
Purchase Manager 10.9 LPA
Management Consultant 26.7 LPA
Product Manager 21.2 LPA
Marketing Director 48.2 LPA
Finance Manager 16.9 LPA
Business Intelligence Analyst 8.6 LPA
Sales Manager 6.8 LPA
Project Manager 17.2 LPA

Source: AmbitionBox

The job opportunities and salary compensation will depend on your previous experience and the chosen industry.

Bottom Line

The lessons learned from the MBA in Business Management programme will bring you long-term growth undoubtedly. The skills acquired and knowledge gained from this course are in huge demand in the industry in the current scenario. Therefore, it is worth investing in an MBA programme.


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