Table of Contents
MBA in Strategic Management Colleges in India - Strategic Management Courses in India:
What is Strategic Management?
Strategic Management is a management concept that encompasses many different aspects. It is a management course that covers topics ranging from business strategies to human resources. It provides insight into the world of buyers and sellers. This course is also designed to provide a broader perspective on the business decisions that are made and then analyzed. Strategic management courses are less well-known in India than any other course.
MBA in strategic management colleges in India
MBA in strategic management colleges in India is a course offered to students pursuing their Master’s degree. It is a course designed with theory and industry-based examples for students’ better understanding.
Every student is assigned tasks to analyze and study various companies and their approaches to the same. This course also teaches how to understand consumer behavior and the underlying causes of client reactions. They are also taught how to interpret data that has been collected. There is extensive instruction in business principles and business methodology.
Course Fees for two years: 1L - 15L
Colleges that offer MBA in Strategic Management Courses in India
- IIT Kanpur
- Xavier Institute of Management, Bangalore
- Institute of Management NIRMA University; Ahmedabad
- IFMR University of Chennai
The strategic management course introduces students to management techniques and organizational theory. The courses benefit students by teaching management skills and helping them understand these skills both practically and theoretically, as well as by improving their leadership abilities. The curriculum includes a variety of industrial experiences that students will learn and comprehend. Students who want to study full-time can attend a college that offers Strategic Management Courses.
Master of Business Administration or MBA in Strategic Management is a two-year postgraduate degree that is created to ensure that students are able to make managerial decisions that will increase the efficiency of a business. In this program, students will learn the ability to analyze business and strategic thinking.
People Also Ask
1. What is an MBA in strategic management?
Answer. MBA in strategic management colleges in India
Simply put, a strategic management MBA, or strategy MBA, is a regular MBA with a specialized concentration in strategy. As US News and World Report point out, an MBA in Strategic Management is fundamentally different than an MBA concentration in a specific area of business, such as finance or marketing.
2. What can I do after MBA in strategic management?
Answer. Students can work as Financial Analysts, Business Analysts, Research investigators, Project Analysts, Compliance officers, Product Strategists, etc. The highest annual salary of around INR 18,00,000 can be expected after completing this course, while an average annual salary of around INR 4,00,000-INR 10,00,000 is given.
3. What is strategic management in India?
Answer. Image result for MBA in strategic management colleges in India
Strategic management is the development and implementation of all the goals and objectives of an organization. It involves the details of the method that a company will employ to achieve its goals.
4. Which MBA is best for strategy?
Answer. Best MBA in Strategy Degrees
- Strategic Management Consulting—Master of Business Administration (M.B.A.)
- MBA in Strategic Management.
- Strategic Management, MBA.
- Full-Time MBA Program – Strategy Major.
- Accelerated Daytime MBA Concentration in Strategy.
- MBA Strategic Management.
- MBA in Strategic Management.
MBA Strategic Management is a specific course of specialization only available at a handful of institutions in India. The cost of the course could be anywhere from INR 92,000 to 15,00,000. dependent on the institution.
The purpose for the class is to build the ability to understand a specific aspect of business. It is, in essence, ensuring that students are able to master the business theories that explain what elements determine a company’s success or its failure to be able to take the right strategic choices.
The course is planned to provide students with knowledge of commerce, as well as the area of computers and programming.
Students who have successfully completed the MBA in Strategic Management have career possibilities in many areas. Students may work as Business Analysts, Financial Analyst Analysts, Research investigators, and Project Analysts. They can also work as Compliance officers Product Strategists and many more.
The highest annual income of about INR 18,00,000 is possible upon completion of the course, and an average annual income of INR 4,00,000 to INR 10,00,000 is offered.
Other options for further study after the completion of the course may include CFA FRM, CRMA, CFA as well as CRMA, FRM, and CFA. Students can pursue the MPhil as well as a Ph.D. qualification in Management.
MBA Strategic Management Job Prospects and Career Options
- MBA Strategic Management graduates will find employment in both the public and private sectors.
- They can work in a variety of fields such as advertising, e-business, and management.
- Following graduation, they will be able to work in a variety of reputable companies.
- They can be employed as a Business Analyst, Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer, Product Strategist, Strategic Initiatives Associate, Project Management Coordinator, and so on.
The below table lists some of the top job profiles along with their description and salary.
| Job Profile | Job Description | Average Annual Salary |
|---|---|---|
| Business Analyst | To help the company by guiding businesses in improving processes, products, services, and software through data analysis | INR 6,50,000 |
| Business Development Coordinator | A person who is in charge of handling any logistics required for running a business by to provide support to an organization in administrative functions like purchasing, billing, reporting and filing | INR 4,50,000 |
| Marketing Consultant | Provide marketing strategies and execute these strategies by monitoring outcomes, identifying new markets, etc. | INR 6,40,000 |
| Consumer Insight Analyst | To help companies to understand their clients by performing research and data collection with regards to sales trends and client satisfaction. | INR 5,00,000 |
MBA Strategic Management: Course Highlights
The main points with regards to this course have been highlighted like the fees, salary that can expect, job opportunities, etc in the table below:
| Course Level | Postgraduate |
| Full-Form | Master of Business Administration in Strategic Management |
| Duration | 2 years |
| Examination Type | Semester wise |
| Eligibility | Bachelors of any discipline from a recognized university with a minimum 50% aggregate. |
| Admission process | Entrance based |
| Course fees | INR 92,000- INR 15,00,000 |
| Average Starting Salary | INR 5,00,000 to INR 10,00,000 |
| Top Recruiting Companies | Tata Consultancy Services, Reliance, Cognizant, Wipro, ICICI Bank, Amazon, Apple, etc |
| Job position | Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer |
Why Should You Study MBA Strategic Management?
- Students with this degree have an advantage over other candidates during job interviews because they are skilled at strategizing and managing.
- A candidate with a degree in this course is assumed to have valuable marketing and strategic skills.
- Having advanced strategic management expertise is beneficial because it can be used for personal development and future career advancement.
- When compared to a regular degree or other specializations, the salary difference is relatively large.
- You can work as a budget analyst, project management coordinator, process coordinator, business development coordinator, marketing consultant, consumer insight analyst, and so on.
- You can work in business, marketing, financial services, and both the public and private sectors.
- Salary packages are quite competitive, with an average salary of around INR 5,00,000 – 10,00,000, and most colleges have a strong placement drive.
- You could also choose to do various certificate courses that are internationally recognized in the future to help you advance your career.
MBA Strategic Management Admission Process
The universities use an entrance-based admissions system, with a few colleges having a round of personal interviews as well. The admission process for admission through exams varies from college to college.
- Most colleges have an online application system where you can apply through the prescribed link once the link is opened.
- In the case of colleges that require an entrance exam or an interview, the outcome will be based on your performance in both graduation and the entrance exam.
- In the case of colleges that offer admission based on CAT or MAT scores, it will be based on how well you performed in the common entrance exams.
Steps to follow for applying for MBA Strategic Management :
- Step 1: Go to the website of the college that you are interested in.
- Step 2: Check if they have their own exam and if you are eligible for the same.
- Step 3: Check if they take students based on the marks of any of the common exams like CAT, MAT, etc.
- Step 4: Create an id or fill in a form as prescribed. Fill in the details and pay the prescribed fees. Also, submit the required documents if needed.
- Step 5: Finally, keep checking the college website for recent updates and notifications with regard to the same.
MBA Strategic Management Eligibility
- Students must complete their Bachelor’s of any discipline from any recognized university.
- Students must have a minimum of 50% aggregate marks in their graduation.
- Students must qualify in the required entrance examination to be eligible for the course.
MBA Strategic Management Entrance Exams
Most colleges in India admit students based on their performance in the CAT or other common MBA exams, or on exams administered by the colleges themselves. The pattern of questions would differ from college to college.
Some of the most popular MBA entrance exams are discussed below.
- GMAT: This is an internationally recognized MBA entrance exam that will allow you to study at top colleges worldwide, including India. Analytical Writing Assessment, Integrated Reasoning, Quantitative Reasoning, and Verbal Reasoning are the four sections of the test.
- CAT (Common Admission Test): This is the common MBA entrance exam held by the IIM for admission to the Indian Institutes of Management across India. The exam is divided into three parts: verbal ability and reading comprehension, data interpretation and logical reasoning, and quantitative ability.
- Management Aptitude Test (MAT): The standardized test for admission to Business Schools (B-Schools) in India for MBA and related programs.
- CMAT: The AICTE-approved Common Management Admission Test is an online computer-based test for admission to all management programs.
MBA Strategic Management Syllabus
This is the syllabus for the MBA students enrolled for this course, there might be a few changes depending from college to college.
| Semester I | Semester II |
|---|---|
| Modern Business Organization and Management | Business Research Methodology |
| Global Business Environment & Economics | Modern Marketing Management |
| Accounting & Financial Management | Information Technology for Business |
| HR & OB | Production Operations & SCM |
| Business & Corporate Law | Business Communication Skills |
| Semester II | Semester IV |
| Business Policies & Strategic Management | Business Ethics & Corporate Governance |
| Introduction To Strategic Management | Global Strategic Management |
| Environment For Strategic Management | Strategic Finance |
| Strategic HRM | Implementation Of Strategies |
| Strategic Marketing Management | Project Work |
*Few subjects may vary from college to college.
MBA Strategic Management Top Colleges
MBA Strategic Management is a specific specialization course and it is available in only a few colleges in India. The table below gives the top colleges with respect to this course in India along with the fee structure and expected placement package.
| College Name | Location | Average Annual Fees |
|---|---|---|
| IIT Kanpur | Kanpur | INR 92,617 |
| Xavier Institute of Management (XIMB) | Bangalore | INR 7,70,000 |
| Institute of Management, NIRMA University | Ahmedabad | INR 4,47,600 |
| Lovely Professional University | Jalandhar | INR 2,32,000 |
| IFMR Krea University | Chennai | INR 8,80,000 |
| Thapar Institute of Engineering and Technology | Patiala | INR 4,14,860 |
| Indian Institute of Technology | Chennai | INR 14,000 |
| Suresh Gyan Vihar University | Jaipur | INR 42,500 |
| C K D Institute of Management & Technology | Punjab | INR 1,65,000 |
| Osmania University, Department Of Business Management | Hyderabad | INR 50,000 |
MBA Strategic Management Distance Education
MBA Strategic Management is only available online in a few colleges in India.
- The duration of these courses ranges from one to four years, but the average is two years.
- MBA Strategic Management Distance Learning tuition is typically INR 50,000 per year.
- Study Materials and an online lecture series will be included in the course.
- Students will be required to take term and course end examinations.
Two of the most popular colleges providing this course in distance mode have been tabulated below.
| University Name | Location | Duration | Average Annual Fees |
|---|---|---|---|
| Suresh Gyan Vihar Distance Education | Jaipur | 2 Years | INR 42,500 |
| Venkateshwara Open University | Pune | 2 Years | INR 42,750 |
MBA Strategic Management vs MBA Human Resources
MBA HR is a course designed for candidates who have a solid business foundation and want to specialize in human resource management. In contrast, an MBA in Strategic Management will provide candidates with the skills needed for a career in business management. The two courses are contrasted below.
| Parameters | MBA Strategic Management | MBA Human Resources |
|---|---|---|
| Full-Form | Masters in Business Administration in Strategic Management | Masters in Business Administration in Human Resources |
| Course Overview | A postgraduate course that has been designed to ensure that the students know how to make management decisions that will improve a company's performance. | The program imparts knowledge and training in managing, paying, and recruiting the workforce of the organization. |
| Eligibility | Bachelors of any discipline from any recognized university with a minimum 50% aggregate. | Bachelors of any discipline from any recognized university with a minimum 50% aggregate. |
| Admission process | Entrance based | Entrance based |
| Average Annual Fees | INR 9,50,000 - INR 15,00,000 | INR 1,00,000 - INR 17,00,000 |
| Average Starting Salary | INR 5,00,000 - INR 10,00,000 | INR 4,00,000 - INR 8,00,000 |
| Colleges | NIRMA University, IFMR university | Xavier Labour Relations Institute (XLRI), Indian Institute of Management (IIM)Ranchi, Management Development Institute |
| Job positions | Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer | HR Generalist, Staffing Director, Technical Recruiter, Compensation Manager, Employee Relations Manager |
MBA in Strategic Management Colleges in India Insights
Strategic Management of Innovation
Strategic Management of Innovation is a 12-month course for those who want to take on challenges while working. The overview of this course focuses on candidates who have previously worked in the industry and have prior experience in the industry. It aims to improve and implement innovations at your workplace. Techniques for analyzing strategic innovation and executing business processes are covered in this program. It is also taught how to innovate with competitors.
Course Fees for 12 months: INR 90,000 – 1L
Colleges for above Course
- Indian Institute of Management Bangalore
M.Sc Strategic Management
The Master of Science in Strategic Management (M.SC) program is designed to provide specialists in business strategy, strategic thinking, and analytics. It is an opportunity for aspiring professionals to improve their skills through studies focused on strategic thinking and management. The program is designed to develop business leadership, strategic decision-making, negotiation, and quantitative skills, as well as critical knowledge of contemporary business and management techniques and tools, as well as theories. It is an excellent opportunity for students to demonstrate their abilities and talents.
Course Fees for 2 years: INR 20,000-1L
Colleges that offer MSC in Strategic Management Courses in India
- Christ University, Bangalore
Strategic Management Short Course
This is a one-of-a-kind 100-day Strategic Management Certificate Course for managers and executives. Students with previous work experience are also eligible to apply for strategic management short courses. It assists candidates in developing leadership and management skills.
The course is designed to teach candidates market analytics. There are several aspects to consider, including Strategic Management, Strategic Application, and the same execution. Case studies and group discussions are conducted. The overall objective of this course is to understand the process of the market using appropriate techniques.
Fees for this Course: INR 1.25L
Colleges that offer Strategic Management short courses in India:
- IIM Ahmedabad
- IIM Kozhikode
Online Strategic Management Courses
Each student is assigned tasks to analyze and research various companies and their approaches to the same. This course also teaches how to learn consumer behavior and the underlying causes of client reactions. They are also taught how to interpret data collected during data collection. Business principles and business methodology are taught in detail.
- Strategic Management: From Insight to Decision
- Strategic Management Certification
- Strategic Management
Students who choose strategic management courses through distance learning can contact their desired institution for more information about the course, as the duration and fees vary depending on the institution.
Strategic Management Colleges
Colleges that offer Strategic Management Courses in India
- IIM Bangalore
- IIM Indore
- IIM Calcutta
- IIM Ahmedabad
- SPJIMR Mumbai
- IIM Kozhikode
- IIM Lucknow
- IIT Madras
Strategic Management Course Benefits
There are numerous job opportunities available for students interested in pursuing a career in Strategic Management. Strategic Management Course Content assists you in developing various industry aspects such as analyzing, researching, data collection, and consulting.
With more experience in various electives, one gains confidence in the work assigned.
There are job specifications, and you will not be required to work around the clock.
It provides students with a specific decision-making framework as well as an industry perspective.
Frequently Asked Questions
1. Is an MBA in strategic management worth it?
Answer. Experts say a strategy specialization makes MBA students marketable for multiple business jobs, not just consulting roles or positions with “strategy” in the title. Experts say the degree provides exceptional training for future C-Suite executives, whether they plan to lead established companies or startup ventures.
2. What is the scope of strategic management?
Answer. Strategic management is both an Art and science of formulating, implementing, and evaluating, cross-functional decisions that facilitate an organization to accomplish its objectives. The purpose of strategic management is to use and create new and different opportunities for the future.
3. What are the 5 benefits of strategic management?
Answer. The Advantages of Strategic Management
- Discharges Board Responsibility.
- Forces An Objective Assessment.
- Provides a Framework For Decision-Making.
- Supports Understanding & Buy-In.
- Enables Measurement of Progress.
- Provides an Organizational Perspective.
- The Future Doesn’t Unfold As Anticipated.
- It Can Be Expensive.
4. What are the 5 stages of strategic management?
Answer. The five stages of the process are: setting goals or objectives, analysis, strategy formation, strategy implementation, and strategy monitoring
5. Does MBA Strategic Management have any scope in India?
Answer. Yes, as it all boils down to the best strategy that will bring in more revenue or profits to the company, the scope for this course is increasing in India.
6. Is this a good field- MBA in strategic management colleges in India?
Answer. Yes, MBA in strategic management colleges in India is a good field as people who are skilled in business tactics or strategies are always in demand.
7. What can I do with an MBA in strategy?
Answer. Some common job titles and salaries for those with an MBA in Strategic Management include:
- Senior Strategy Manager: $136,420 average salary.
- Management Consultant: $119,506 average salary.
- Senior Product Manager: $127,756 average salary.
- Management Consultant: $119,506 average salary.
8. Which College MBA is best?
Answer. Top 10 MBA colleges in India as per NIRF 2021
| Name of the college | NIRF Ranking 2021 |
|---|---|
| IIM Ahmedabad | 1 |
| IIM Bangalore | 2 |
| IIM Calcutta | 3 |
| IIM Kozhikode | 4 |
| IIT Delhi | 5 |
| IIM Indore | 6 |
| IIM Lucknow | 7 |
| XLRI, Jamshedpur | 8 |
| IIT Kharagpur | 9 |
| SJMSOM, IIT Bombay | 10 |
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