MBA- a degree every person’s heard of. It is the world’s most popular graduate management degree. Students, as well as employers, love to sit on the CV. Enormous amounts of students and working professionals apply to different specializations of MBA each year.
Being a versatile degree, Fundamentals of management are deep-rooted in MBA which prepares you for the industrial world along with overall development of soft skills as well hard skills across the subjects of marketing, finance, accounting, and so on.
In this article, we’ll be covering every detail revolving around this degree from -the definition of MBA to the best universities for MBA.
What is an MBA?
MBA stands for Master of Business Administration.
This degree was first introduced in 1908 by the Harvard University Graduate School of Administration (now known as Harvard Business School).
An MBA degree does not just make your CV stand out but it can give you a massive career boost you’ve been waiting for. MBA makes your knowledge in the domain of business deeper, helps you grow your professional network and makes you financially well-off.
Whom is an MBA suitable for?
While in the older times MBA was mainly pursued by the finance or consulting enthusiasts, MBA has now become the top graduate course for individuals from a diverse variety of disciplines. Students from healthcare, technology, media, military, and many other industries enroll themselves for this program. Irrespective of the background, MBA proves to be beneficial for individuals from every sector out there as it provides students with lucrative job opportunities and deep knowledge.
Types of MBA programmes
MBA courses come in different types, durations and formats, depending upon your suitability you can choose the best one out.
|MBA program||Suitable candidates||Course duration||format|
|Full-time MBA||full -time students||2 years||Two year|
|Part-time MBA||Working professionals||More than 2 years||Evening, weekend, hybrid|
|Executive MBA||Working executive-level professionals||1-2 years||Part-time, hybrid, remote|
|Online MBA||Working professionals||More than 2 years||Completely online|
MBA is a generalist degree but you can specialize in the areas of interest. Business schools provide various specializations for MBAs like MBA in entrepreneurship, finance, marketing, Human Resources, healthcare management, business analytics, and so on. MBA core courses are usually combined with a special track of courses designated to the specialization selected. There are also options of dual degrees offered by many universities which combine your general MBA with a specialized business master’s.
MBA makes you competent for various roles of high responsibility. Some of the jobs that you could take up after an MBA are as follows:
- Financial advisor
- Financial manager
- IT manager
- HR manager
- Management analyst
- Operations manager
- Marketing manager
- Investment banker
Top MBA colleges in India
India has many prestigious universities offering MBA. The fee ranges from INR 19 lacs to INR 20 lacs. Some of the top colleges for MBA in India are as follows:
- IIM Bangalore
- IIM Ahmedabad
- IIM Calcutta
- IIM Lucknow
- ISB Hyderabad
- IIM Kozhikode
- IIFT New Delhi
- NMIMS Mumbai
- FMS Delhi