Kanhaiya Kumar
Table of Contents
MBA in Strategic Management/ Master of Business Administration in Strategic Management
Are you looking forward to do higher education an MBA? Is MBA in Strategic Management worth it? Are you looking for colleges to pursue MBA in Strategic Management? We are here for clearing all your queries beginning from the introduction to strategic management to career opportunities available after pursuing MBA Strategic Management.
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MBA in Strategic Management Overview
MBA in Strategic Management- What is MBA in Strategic Management? Master of Business Administration in Strategic Management is a 2-year MBA program designed for providing education to designed to educate experienced working executives, managers, entrepreneurs, and other business leaders so that they are kept informed of the latest knowledge on the executive leadership level.
MBA in Strategic Management is divided into 4 semesters. This course provides students with a thorough understanding of the fundamental logic of competitive advantage, based on a thorough analysis of the various traits and situations of individual enterprises and an appreciation of the broader competitive dynamics.
MBA in Strategic Management syllabus includes subjects like Foundations of Business Management, Organizational Behaviour, Quantitative Analysis, Financial and Management Accounting, Managerial Economics, Financial Accounting, Marketing Management, Business Communication, Catalyzing Social Impacts, Managing Groups and Teams, Sustainable Systems, Leadership and Change, Production And Operation Management, Computer Application In Management, Corporate Strategy, Corporate Accountability, Cultural Issues in Management, etc.
MBA in Strategic Management scope is increasing and many job opportunities are generated every year as a career in Strategic Management assures financial and professional enrichment. Graduates can choose careers as Project Analyst, Business Analyst, Financial Analyst, Business Analyst, Research Investigator, Associate of Strategic Initiatives, Coordinator of Project Management, Compliance Officer, Product Strategist, etc. Students can also do higher study in CFA, FRM, CRMA, etc.
MBA Strategic Management highest salary for can reach up to INR 41.6 LPA with INR 3.4L per month and the lowest salary can be INR 5.5 LPA. The Strategic Management average starting salary is INR 5-10 LPA with highest starting salary INR 18 LPA.
MBA in Strategic Management can be done by undergraduate students who passed national-level or college-level entrance exams followed by group discussion and personal interviews. For doing MBA Strategic Management a student must have skills like setting objectives, examining the competitive environment, studying the internal organization, reviewing tactics, and ensuring that management implements the strategies company-wide are all responsibilities of the management team.
MBA in Strategic Management Highlights
| Course Name | MBA in Strategic Management |
| Full-Form | Masters of Business Administration in Strategic Management |
| Course Type | Postgraduate |
| Course Duration | 2- years |
| Admission Process | Entrance Exam + GD-PI |
| Eligibility Criteria | Graduate from any discipline with 50% aggregate |
| Entrance Exams | CAT, XAT, CMAT, GMAT, NMAT, SNAP |
| Total Course Fees | INR 92,000 – INR 15,00,000 |
| Average Starting Salary | INR 5-10 LPA |
| Areas of Employment | Corporate Houses, Business Houses, MNCs, Startups, etc. |
| Job Profiles | Project Analyst, Business Analyst, Financial Analyst, Business Analyst, Research Investigator, Associate of Strategic Initiatives, Coordinator of Project Management, Compliance Officer, Product Strategist, etc. |
| Top Recruiters | Tata Consultancy Services, Wipro, Tiger Analytics, Ford, IBM, Indiamart, Just Pay, Reliance, Cognizant, Ecom express, Deloitte, Reckitt Benckiser, HSBC, HDFC bank, etc. |
MBA in Strategic Management- Why choose MBA in Strategic Management? With the expansion of companies and industries worldwide, the scope for MBA Strategic Management is also increasing. Graduates can build a good career in this field by developing skills like analysis, statistics, examining and reviewing business tactics as well as functions of the organization.
Here’s a list of benefits of pursuing an MBA in Strategic Management:
- Students with MBA Strategic Management degree have an advantage over other applicants during job interviews because they are well-trained at strategizing and handling.
- It is assumed that a candidate with MBA Strategic Management degree is marketing and strategy expertise.
- Having an advanced level of strategic management knowledge is advantageous because it may be utilized for one’s own improvement and possible career development.
- In comparison to a traditional degree or other specializations, the package offered is very large.
- One can work as a budget analyst, project management coordinator, process coordinator, business growth coordinator, marketing manager, customer insight analyst, and so on.
- One can find employment in industry, advertising, financial services, as well as the public and private sectors.
- The average income range offered is between INR 5,00,000 and INR 10,000,000, and most universities have a strong emphasis on placement.
MBA in Strategic Management is a 2- year course with a total of 4 semesters. The MBA Strategic Management syllabus provides a deep and profound understanding of Business Modeling, Data Analytics for Decision Making, Strategic Management, Company Strategy, Business Development Strategies, Strategic Goal Setting, Strategy Formulation, Project Management, Tax Management, Financial Management, and Business Presentation Skills.
1st year MBA in Strategic Management subjects are Global Business Environment & Economics, Accounting & Financial Management, Modern Business Organization and Management, Business & Corporate Law, HR & OB, Modern Marketing Management, Business Research Methodology, Information Technology for Business, Production Operations & SCM and Business Communication Skills.
2nd year MBA in Strategic Management subjects are Business Policies & Strategic Management, Environment For Strategic Management, Introduction To Strategic Management, Business Ethics & Corporate, Strategic Marketing Management, Strategic HRM, Global Strategic Management, Implementation Of Strategies, Strategic Finance, Governance, and Project Work.
MBA in Strategic Management fees varies from INR 92,000 PA to INR 15 LPA.
MBA in Strategic Management has a good scope as the average salary is INR 5-10 LPA and highest starting salary can be INR 18 LPA. The highest salary can reach up to INR 41.6 LPA.
MBA in Strategic Management graduates can make careers in high-profile jobs and can earn good money. Many top recruiting companies provide employment opportunities to MBA Strategic Management graduates. Tata Consultancy Services, Wipro, Tiger Analytics, Ford, IBM, Indiamart, Just Pay, Reliance, Cognizant, Ecom express, Deloitte, Reckitt Benckiser, HSBC, HDFC bank, etc are top recruiters of MBA in Strategic Management.
MBA in Strategic Management graduates can make a career as a Project Analyst, Business Analyst, Financial Analyst, Business Analyst, Research Investigator, Associate of Strategic Initiatives, Coordinator of Project Management, Compliance Officer, Product Strategist, etc.
MBA in Strategic Management- When can one apply for MBA in Strategic Management?
- Average 50% in BBA, BA, B.Sc, B.Com, BCA from any recognized university (45% for ST/SC students)
- Participate in national, state & university level entrance exams like CAT, XAT, NMAT, GMAT, CMAT, SNAP
- Appear in GD-PI
- No age restriction
- Work experience is recommended in few colleges.
- Final year students can also apply by submitting a No Objection Certificate from their college
MBA in Strategic Management can easily be pursued by anyone as this course can be completed according to one’s compatibility and needs. There are 4 main types of pursuing MBA in Strategic Management –
- Full-Time (2 Years): Bachelor’s degree with 50% passing marks along with a valid score in CAT, XAT, or any other MBA exams. It can be pursued at any esteemed college or university by physically attending classes. This type is highly beneficial as students learn about international businesses and markets very well and also they get placements in big industries at high profiles.
- Part-Time (2-3 Years): 50% marks in graduation along with 2-3 years of work experience. Admission is based on profile and performance in GD/PI rounds. This is for the candidates who work full-time and attend classes at night. This helps the students to enhance their business skills.
- Online (2-4 Years): 50% marks (45% for reserved category) in graduation from any discipline. This is best for those people who cannot lose their job or change locations. This helps them to learn business skills and gain a degree by just sitting at their home
- Distance (2 Years): 50% marks in any bachelor’s degree and a valid CAT/MAT/GATE or any other MBA exam score (Some colleges select students based on merit). Students can complete the course by not attending regular classes.
MBA in Strategic Management Admission Process
- Candidates should enroll in colleges/ universities offering MBA Strategic Management
- Candidates must meet the eligibility criteria
- Eligibility score as set by college/ university should be checked
- The academic records should be proved through valid documents
- Some colleges/ universities accept first come, first served while others check performances in various entrance tests.
What are the eligibility criteria for MBA in Strategic Management?
MBA Strategic Management eligibility criteria are as followed:
- To pursue MBA in Strategic Management, candidates need to graduate with a bachelor’s degree from a recognized university.
- Most of the B-schools require 50% in graduation.
- Final year students can also apply (If your results are not out, you can get a certificate from the college)
- Some MBA Strategic Management courses may need some work experience.
Which entrance exams can be given for pursuing MBA in Strategic Management?
Here is a list of MBA Strategic Management entrance exams:
| Exams | Important Dates | Exam Pattern |
|---|---|---|
| CAT 2023 | Registration- 1st week of August 2023Exam Date- 26th November 2023 | Important Topics:· Verbal Ability & Reading Comprehension· Data Interpretation & Logical Reasoning· Quantitative Ability No. of Questions: 66 Exam Duration: 120 Minutes |
| XAT 2024 | Registration- 3rd week of August 2023Exam Date- 1st week of January 2024 | Important Topics:· English Language/ Verbal & Logical Reasoning· Decision Making/ Analytical Reasoning· Quantitative Ability/ Data Interpretation· Essay Writing· General Awareness No. of Questions: 100Exam Duration: 120 Minutes |
| NMAT 2023 | Registration- 1st week of August 2023Exam Date- 3rd week of October 2023 to 3rd week of December 2023 | Important Topics:· Quantitative Skills· Language Skills· Logical Reasoning No. of Questions: 108Exam Duration: 120 Minutes |
| GMAT | Registration- August 2022Exam Date- January 2023 to April 2023 (Exam Dates are not fixed) | Important Topics:· Analytical Writing· Assessment· Integrated Reasoning· Quantitative Reasoning· Verbal Reasoning No. of Questions: 80Exam Duration: 3 Hours 7 Minutes |
| CMAT 2023 | Registration- 20 January 2023Exam Date- 12 March 2023 | Important Topics:· Language Comprehension· Quantitative & Data Interpretation· Logical Reasoning· General Awareness· Innovation & Entrepreneurship No. of Questions: 100Exam Duration: 3 Hours |
| SNAP 2023 | Registration- 2nd week of August 2023Exam Date- 2nd week of December 2023 | Important Topics:· General English· Quantitative, Data Interpretation & Data Sufficiency· Analytical & Logical Research No. of Questions: 60Exam Duration: 60 Minutes |
MBA in Strategic Management Syllabus
MBA in Strategic Management- What are the subjects taught in MBA Strategic Management? MBA Strategic Management curriculum focuses on three main aspects of strategy management, they are corporate management, executive leadership, and technology and people. The syllabus provides a deep and profound understanding of the course.
What is taught in MBA in Strategic Management? MBA Strategic Management syllabus includes subjects like Business modeling, Data Analytics for Decision Making, Strategic Management, Strategic Goal Setting, Strategy Formulation, Project Management, and Business Presentation Skills.
A list of subjects for a 2-year MBA in Strategic Management course is given below semester-wise:
MBA in Strategic Management syllabus for 1st year (Semester 1 & 2):
| Semester 1 | Semester 2 |
|---|---|
| Global Business Environment & Economics | Information Technology for Business |
| HR & OB | Business Research Methodology |
| Business & Corporate Law | Production Operations & SCM |
| Accounting & Financial Management | Modern Marketing Management |
| Modern Business Organization and Management | Business Communication Skills |
MBA in Strategic Management syllabus for 2nd year (Semester 2 & 3):
| Semester 3 | Semester 4 |
|---|---|
| Introduction To Strategic Management | Global Strategic Management |
| Environment For Strategic Management | Implementation Of Strategies |
| Strategic Marketing Management | Strategic Finance |
| Business Policies & Strategic Management | Business Ethics & Corporate Governance |
| Strategic HRM | Project Work |
MBA in Strategic Management Projects
MBA in Strategic Management course curriculum is all about fundamental logic of competitive advantage, based on a thorough analysis of the various traits and situations of individual enterprises and an appreciation of the broader competitive dynamics.
A list of MBA in Strategic Management project ideas is given:
- Strategic Resources in Small ICT Corporations
- Corporate Governance Effects on Strategy of Corporations
- Reward Systems and Strategy
- Investments and Corporate Strategy
- Business Strategy
- Factors influencing the transition of businesses
- Strategy Implementation in the Construction Industry
- Sustainable Supply Chain Management
- Strategic Sustainable Development
- Management Control Measures
- Public Relations Excellence
- Profitable Business Model
- Foreign Market Analysis
- Business Strategy Resource
- IT Strategies in Organizations
MBA in Strategic Management Top Colleges in India
MBA in Strategic Management Distance Education
MBA Strategic Management Distance Learning average fees is INR 39,700 to INR 90,000 per year. It is a 2-year degree course, and students graduated with 50% in any stream. Students with a bachelor’s degree in management discipline will get a preference.
Here is a list of institutions providing distance learning in strategic management:
- IGNOU
- MIT Pune
- IMT Ghaziabad
- Annamalai University
- Amity University
- ICFAI University
- Sikkim Manipal University
- Jaipur National University
- Venkateshwara Open University
- Lovely Professional University
- University Of Madras
- Symbiosis Centre for Distance Learning
- Suresh Gyan Vihar Distance Education
- Narsee Monjee Institute of Management Studies
For more details on MBA Strategic Management Distance Education, contact FormFees.
MBA in Strategic Management top colleges and their fees are listed below:
| Name of the Institution | Location | Average Annual Fees |
|---|---|---|
| Indian Institute of Management | Ahmedabad | INR 16.0 L |
| IFMR Korea University | Kerala | INR 1.12 L |
| Indian Institute of Management | Bangalore | INR 1.90 L |
| Indian Institute of Management | Kolkata | INR 13.5 L |
| IFMR Korea University | Lucknow | INR 9.62 L |
| NIRMA University | Ahmedabad | INR 4.50 L |
| Amity University | Noida | INR 6.60 L |
| IFMR Graduate School of Business | Chennai | INR 7.28 L |
| XLRI – Xavier School of Management | Jamshedpur | INR 11.6 L |
| Ajeenkya DY Patil University | Pune | INR 1.05 L |
| St. Joseph’s University | Bengaluru | INR 4.20 L |
| BML Munjal University | Gurgaon | INR 5.25 L |
| Jain University | Bangalore | INR 4.95 L |
| Malla Reddy University | Hyderabad | INR 1.25 L |
| IFMR Krea University | Chennai | INR 8.80 L |
| Xavier Institute of Management | Bangalore | INR 7.70 L |
| Institute of Management, NIRMA University | Ahmedabad | INR 4.47 L |
| Lovely Professional University | Jalandhar | INR 2.30 L |
| Thapar Institute of Engineering and Technology | Patiala | INR 4.14 L |
| C K D Institute of Management & Technology | Punjab | INR 1.65 L |
| Suresh Gyan Vihar University | Jaipur | INR 42,500 |
| Osmania University, Department of Business Management | Hyderabad | INR 50,000 |
MBA in Strategic Management Top Colleges Abroad
MBA in Strategic Management can be pursued from top countries around the world. Interested candidates need to qualify for exams such as GMAT, GRE, IELTS, TOEFL, and PTE to apply for MBA Strategic Management course.
Here is a list of top MBA Strategic Management colleges in the world:
| Name of the Institution | Location | Average Annual Fees |
|---|---|---|
| Harvard University | Boston, USA | INR 60.38 L |
| Stanford University | Stanford, USA | INR 24.75 L |
| Yale University | New Haven, USA | INR 67.58 L |
| Indiana University | Bloomington, USA | INR 44.01 L |
| University of Birmingham | Birmingham, UK | INR 21.69 L |
| Luther College | Regina, Canada | INR 18.82 L |
| Dalhousie University | Halifax, Canada | INR 14.37 L |
| Victoria University | Melbourne, Australia | INR 13.60 L |
| The University of Adelaide | Adelaide, Australia | INR 10.33 L |
| Griffith College | Dublin, Ireland | INR 11.00 L |
MBA in Strategic Management Scope
MBA in Strategic Management scope is also increasing. Graduates can build a good career in this field by developing skills like analysis, statistics, examining and reviewing business tactics as well as functions of the organization.
Some of the main benefits of pursuing MBA Strategic Management are listed below:
- Strategic Management
- Strategy Development
- Business Strategy
- Business Modelling
- Business Development Tactics
- Establishing Strategic Goals
- Corporate Presentation Skills
- Tax Management
- Financial Management
- Project Management
- Data Analytics for Decision Making
- Company Growth on Fluctuating Markets
All the above skills are included in the curriculum so that students can excel very well in a strategic management career. The course aims to help students learn the advancement and execution of business and corporate strategies. Also, they are taught about industries, competition, cost, and situations.
Skills like creativity, art, administration, marketing, technology, and culture as well as internship experiences help them to get a good job opportunity in the field of Strategic Management.
MBA in Strategic Management Career Opportunities
MBA in Strategic Management – What are the career opportunities for Strategic Management? Some of the major MBA Strategic Management career options are:
- Project Analyst: The main duty is to contribute to the overall plan, budget, and strategy of the project. Carrying out and delivering a feasibility analysis for projects under consideration, defining critical performance metrics, and keeping track of the overall project.
- Business Analyst: The main duty is to make wise recommendations on the company’s strategies, they provide an in-depth study of market trends and current affairs. These suggestions must be backed up by facts and numbers. For success, strategic business analysts need solid business judgment and a strategic perspective.
- Financial Analyst: The main duty is to analyze, and develop financial models to aid in corporate decision-making, creating reports and financial strategies for the organization’s officials, analyzes market trends, and offers advice in light of those developments.
- Research Investigator: The main duty is to conduct in-depth investigations and gather information for a variety of objectives while assuring the validity and quality of the material used to resolve cases.
- Strategic Initiatives Associate: The main duty is to set the problem’s parameters and scope, collaborate with cross-functional stakeholders at various levels and our customers to suggest the best possible strategic solutions, communicate the approach for the initiatives, drive qualitative and quantitative analysis of the program, and monitor and ensure the program’s impact.
- Project Management Coordinator: The main duty is to execute the project plan, assures communication with and between project and constituent management, and coordinate the use of internal and external resources, as well as expertise, as necessary to accomplish project goals.
- Compliance Officer: The main duty is to monitor all operational practices to make sure the business abides by all applicable laws and moral principles through gathering, documenting, analyzing data, and managing the flow of information.
- Product Strategist: The main duty is to identify new prospects, evaluate the performance of the company’s products, and aid in the creation of long-term strategic plans for upcoming product lines. He/she is responsible for the formulation and implementation of strategies for products.
- IT Manager: The main duty is to supervise a company’s computer systems, ensuring they are up to date with technology, keeping the system secure, and meeting the demands of the business.
- Financial Manager: The main duty is to oversee all economic-related concerns and transactions that take place within the organization. They must supervise the company’s financial health and create or analyze financial reports in their capacity as financial managers. Additionally, they are in charge of trend analysis and providing financial and economic guidance to senior management for profitability and efficiency.
- HR Manger: The main duty is to take administrative decisions for an entire sector. In addition to this, he/ she is in charge of overseeing the organization’s workload, hiring new employees, and filling open jobs in all relevant fields.
- Financial Advisor: The main duty is to draw customers to their business. He/she gives their clients advice on financial goals or investment plans, as well as investment, retirement, tax, and insurance-related matters.
MBA in Strategic Management Jobs
MBA in Strategic Management – What job can I do after MBA Strategic Management? MBA Strategic Management is a growing career and one can earn very well in this field. Top companies recruit MBA Strategic Management students directly via campus placements with a good fresher’s salary. Here is a list of top job profiles and their salary (per annum) which students can go for after completing MBA in Strategic Management –
| Job Profiles | Average Salary |
|---|---|
| Project Analyst | INR 8.7 LPA |
| Business Analyst | INR 7.0 LPA |
| Financial Analyst | INR 12.0 LPA |
| Research Investigator | INR 13.5 LPA |
| Strategic Initiatives Associate | INR 24.0 LPA |
| Project Management Coordinator | INR 20.0 LPA |
| Compliance Officer | INR 10.0 LPA |
| Product Strategist | INR 21.4 LPA |
| IT Manager | INR 20.0 LPA |
| HR Manger | INR 24.0 LPA |
| Financial Manager | INR 11.9 LPA |
| Financial Advisor | INR 3.72 LPA |
MBA in Strategic Management Top Recruiters
MBA Strategic Management is a kind of specialization that can provide students with vast career options in the field of marketing in many governments as well as private companies. Few of them are listed below-
- Accenture
- Alibaba Group
- Amazon
- Coca Cola Company
- Cognizant
- Deloitte
- Ecom Express
- Ford
- HDFC Bank
- HSBC
- IBM
- IndiaMART
- Just Pay
- L’Oréal
- McKinsey & Company
- Reckitt Benckiser
- Reliance
- Sia Partners
- Tata Consultancy Services
- Tiger Analytics
- The Boston Consulting Group
- Unilever
- Wipro
Frequently Asked Questions about MBA in Strategic Management
Q. What is MBA in Strategic Management?
Ans. Master of Business Administration in Strategic Management is a 2-year MBA program designed for providing education to designed to educate experienced working executives, managers, entrepreneurs, and other business leaders so that they are kept informed of the latest knowledge on the executive leadership level.
Q. What is the salary for MBA in Strategic Management?
Ans. MBA Strategic Management average starting salary package is INR 5,00,000 – INR 10,00,000.
Q. What is the scope of Strategic Management?
Ans. Strategic Management is the ongoing planning, monitoring, analysis, and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.
Q. Top Tier 1 and Tier 2 MBA in Strategic Management Colleges
Ans. Tier 1 MBA Strategic Management Colleges in India:
Tier 2 MBA Strategic Management Colleges in India:
- Symbiosis Institute of International Business
- TA Pai Management Institute, Manipal
- IMI Delhi
- Symbiosis Institute of Business Management, Bangalore
- IIM Ranchi
Q. What is the required percentile of IIMs for MBA in Strategic Management?
Ans. CAT cut offs for admission in IIMs are in the range between 95-100 percentile for all categories. For General category students the cut off percentile is around 98-100 percentile. The cut offs are lower for Reserved category students.
Q. Which entrance exam helps to qualify MBA in Strategic Management Abroad?
Ans. A high GMAT score can help you gain admission to MBA in Strategic Management programs at colleges and universities around the world. Other exams are GRE, IELTS, TOEFL, and PTE.
Q. How to apply for an MBA in Strategic Management?
Ans. Candidates have to clear common MBA entrance exams such as IIFT, GMAT, MAT, CAT, ATMA or XAT to be selected for the personality assessment round of admission, which usually includes Group Discussion/Extempore/Presentation/Written Ability Test and Personal Interview.
Q. What are the top entrance exams to crack MBA in Strategic Management colleges/ universities?
Ans. Top entrance exams to get admission in MBA Strategic Management CAT, XAT, NMAT, GMAT, CMAT & SNAP
Q. What is the difference between MBA in Strategic Management and Masters in Strategic Management?
Ans. An MBA Strategic Management course offers a more flexible curriculum as compared to a Master Strategic Management. A Master of Strategic Management is a good course but students completing MBA in Strategic Management tend to have a higher salary and more exposure than those students with Master’s.
The MBA imparts a broad, comprehensive understanding of business and its various aspects. The MSc offers the depth, leaning more towards the technical or minute components of the selected topic.
Q. What are the questions asked in MBA Strategic Management interview?
Ans. Here are a few examples of questions that are asked in PI rounds of Strategic Management:
- What business systems are required to achieve success?
- Where are you going to compete?
- How would you describe your management style?
- Can you describe the methods you use to assess operational effectiveness?
- What process do you follow when making an important decision?
- What is our value proposition to our customers?
- How will we win against our key competitors?
- What capabilities are needed to achieve success?
Also, some personal questions are asked like why you chose to make a career in strategic management, your achievements to date, strengths & weaknesses, your problem-solving abilities, and many more. While giving the interview one must be confident, to the point, and engaged with the interviewer.
Q. Can an MBA get a government job?
Ans. The Government of Karnataka offers lucrative job opportunities to MBA graduates across various departments and ministries. An MBA degree is a popular career catapult not only in large corporations but also in Government jobs.
Q. What can I do with an MBA in strategic management?
Ans. Graduates can build careers as Advertising, Promotions, and Marketing Managers, Business Analyst, Financial Analyst, Business Analyst, Management Analyst, Market Research Analysts, Research Investigator, Project Analysts, Compliance Officer, Sales Managers, Product Strategist, Associate of Strategic Initiatives, Coordinator of Project Management, Top Executive, and many more.
