MBA Packages in India
Saurav Anand
19/09/2023
If you are trying to know about MBA Packages in India then this article is for you.
You may wonder about the best MBA program in India that will get you high paying job after graduating from your MBA degree. MBA is a course with various specializations so if we do not have a clear idea of the subject we want to follow, it becomes very challenging to pick from a broad choice of MBA specializations. There are more than 5000 B schools in India to provide Management education. But not all MBA school provide you with good study experience, and attractive placement.
In this article you will get to know about many important aspects related to MBA placements in India. We have provided a lot of pertinent information on MBA specialization, jobs and salary that you can expect after completing your MBA.
You may get answers to many of your questions about MBA Packages in India in this article. You may read about the main features of an MBA, the best MBA in India, the best-paying specialization in India, the highest MBA salary in India, etc.
What is Master of Business Administration (MBA)?
MBA full form is Master of Business Administration
MBA can be a perfect starter for you in your business career. You can pursue MBA for a lot of reasons, like starting your own business can be a reason or if you wish to continue your education in the management profession, you can pursue an MBA as a postgraduate degree. MBA programs teach both theory and practice in business administration and investment management. A graduate of an MBA program should be as well-prepared as possible for general corporate management duties.
The Master of Business Administration (MBA) degree seeks to enhance the abilities required for a career in business and is a certificate that is recognized globally. But the MBA has benefits that transcend beyond business. There are currently more than 2,500 MBA programs available in the world. There are also accelerated full-time MBA programs available, despite the fact that full-time MBA programs typically last two years. Professionals with several years of leadership experience who do not match the prerequisites for a regular MBA are encouraged to enrol in part-time executive MBA (EMBA) programs. The number of credits a student enrols in each quarter or semester of school determines how long the executive and part-time MBA programs are going to last.
MBA Packages in India Key Highlights
Check key highlights for MBA Packages in India:
| MBA Duration | 2-years |
| MBA Eligibility | UG Degree in any stream with an aggregate of 50% marks |
| MBA Level | Post-Graduate |
| MBA Admission Criteria | Entrance and Direct admission both |
| Top MBA Specialization | MBA in Finance, Logistics and chain supply, sales and marketing, human resource management etc. |
| Highest paying MBA Specialisation | MBA in Business analyticsMBA in Finance |
| Highest MBA salary in India | Rs. 55.88 LPA |
What is the scope after MBA?
MBA Scope & Career Opportunities
MBA students have better opportunities for employment and higher education because to the diversity of specialties available to individuals who pursue MBA.
Either finding employment or completing a management PhD are options. The third choice is to launch your own firm using all the abilities and information you gained while earning your MBA as well as your newly discovered business management, IT, and other areas of competence. Using such abilities, you'll be able to effectively establish and grow your own business.
You will broaden your knowledge and abilities in a variety of career-related areas as part of obtaining your MBA, such as financial risk management, how to decipher corporate reports, how to create an investment portfolio, and how to increase stock value.
An MBA can be useful in a variety of fields, including banking, journalism, manufacturing, and entrepreneurship. Additional enterprises include those in the commercial and retail sectors, information technology, banking, and financial institutions. After that, you can select your favourite career from a list of specialties and begin working there. As an alternative, you could continue your education in that area.
MBA degree will help you with the following:
- Starting a business on one's own and turning into an entrepreneur.
- An increase in your income
- A change in job profile for better networking and knowledge.
- Increase the worth of one's resume
Those looking to earn an MBA degree may be interested in any of the following MBA programs:
- Part-time,
- Online MBA/PGDM,
- EMBA/PGDM for executives, etc.
Candidates can choose between a general MBA program and an MBA program with a specialization.
MBA Specialization in India
MBA is available in many specialisations, you can choose to do MBA in sports management, MBA in HRM, MBA in Logistics and Chain supply management, MBA in Finance, MBA in Business Analytics, etc. depending on your interest and the field you want to enter after your MBA graduation.
Let us first know about the different specialisations that Indian B schools offer to the MBA aspirants then we will learn about different salary packages for different MBA Specialisations:
MBA Specialization List in India
| MBA in Finance | MBA in Healthcare Management |
| MBA in Marketing | MBA in Pharmaceutical Management |
| MBA in Human Resource Management | MBA in Retail Management |
| MBA in International Business | MBA in Energy Management |
| MBA in Logistics & Supply Chain Management | MBA in Infrastructure Management |
| MBA Big Data Analytics/ Data Science/ Business Analytics | MBA in Agri-Business Management |
| MBA in Operations Management | MBA in Entrepreneurship |
| MBA in Banking & Financial Services | MBA in Family Managed Business |
| MBA in Insurance Business Management | MBA in Sustainability Management |
| MBA in Rural Management | MBA Dual Country Program |
MBA Salary for Different MBA Specialisations:
Among the different MBA specialisation in India, the MBA in Finance and MBA in Business analytics are highly paid MBA Specialisations. The list of other MBA specialization which are best paid are as follow:
- Business Analytics
- Information Technology
- Finance
- Marketing
- Economics
- Entrepreneurship
- Data Analytics
- International Business
- Investment Management
- Innovation Management
The list of MBA specializations is provided in the table below, together with the average salary, one can expect after earning that particular MBA specialization:
| MBA Specializations List | Average Salary |
|---|---|
| MBA in Marketing | Rs. 7.82 LPA |
| MBA in Digital Marketing | Rs. 5.5 LPA |
| MBA in Finance | Rs. 7.3 LPA |
| MBA in HR | Rs. 5 LPA |
| MBA in Business Analytics | Rs. 5.4 LPA |
| MBA in Entrepreneurship | Rs. 5.5 LPA |
| MBA in Operations | Rs. 7.6 LPA |
| MBA in IT | Rs. 5.8 LPA |
| MBA in Event Management | Rs. 6 LPA |
| MBA in Healthcare | Rs. 6 LPA |
MBA Salary Range for MBA Specialisations
Have a look at the range of MBA salary for different MBA specialisation in the table below:
| MBA Specializations List | Range |
|---|---|
| MBA in Marketing | Rs. 7-25 Lakhs |
| MBA in Digital Marketing | Rs. 5-25 Lakhs |
| MBA in Finance | Rs. 7-22 Lakhs |
| MBA in HR | Rs. 5-8 Lakhs |
| MBA in Business Analytics | Rs. 5-18 LPA |
| MBA in Entrepreneurship | Rs. 5-20 LPA |
| MBA in Operations | Rs. 5-10 LPA |
| MBA in IT | Rs. 5-12 LPA |
| MBA in Event Management | Rs. 2-18 LPA |
| MBA in Healthcare | Rs. 5-12 LPA |
Top Recruiters for MBA Graduates
You may work in practically any industry with an MBA. MBA degrees are very sought-after as businesses are expanding. Numerous specialties for the MBA create a wide range of appealing employment options. The tables below list the top employers of MBA graduates as well as the top recruiters.
The top corporations in India that hire MBA graduates are listed in the table below:
| BCG | Cipla | Credit Suisse | Reliance |
| Citibank | Tata | Saint Gobain | JP Morgan Chase & Co. |
| Deloitte ITC | Crisil | Asian Paints | Aditya Birla Group |
| Larsen & Toubro | PWC | McKinsey & Company | Nestle |
| Mahindra | Philips | RPG | Microsoft |
| Avendus | Amazon | ICICI Bank | Bajaj |
| Samsung | Pidilite | Flipkart | HSBC |
| Vodafone | Accenture | Microland | Wipro |
| ITC | Infosys | GAR | Credit Suisse |
MBA Admission Process
The factors used to select admission to MBA programs in India include academic performance up to your graduation degree, entrance examinations, group discussions, essay writing, and personal interviews. The respective institutes are responsible for managing these procedures. However, not all colleges demand entrance exams.
Check the thorough MBA admissions procedure below:
For MBA admission, a few factors are important.
- Your academic performance in classes 10 and 12,
- CAT exam results. To be accepted into a reputable MBA college, your score must fall between the 90th and 99th percentile.
- The institute will count the outcomes of the group discussion session and
- And finally the individual interview/ personal interview.
It is noteworthy that while some of India's Top MBA Colleges require entrance exams, others offer direct MBA admission based only on merit.
IIM CAT Cut Off and MBA seats
The table below shows the CAT 2023 Cut Off that the IIMs accepted for 2023 MBA admissions. It will provide you with a general notion of the CAT percentile you should strive for if you wish to be admitted to one of the IIMs.
MBA Eligibility Criteria
- The applicant must hold a 10+2+3 certificate in any field from a recognised institute.
- A minimum score of 50% is required for the general category, while a minimum score of 45% is needed for the reserved categories.
- Some organizations favour candidates with at least two years of job experience.
- Participants in this program may also be students who are in their last year.
- International students must have a valid passport and a student visa.
- Selection procedure for direct admission (applicant cannot currently be employed by the government)
The CAT is a requirement for students who want to apply to IIM. They can also use the MAT/XAT/CMAT/ATMA tests to apply to prestigious MBA schools.
Some colleges and institutions have their own distinctive admissions test.
MBA Entrance Exams in India
Table below has the details of MBA entrance exam in India:
| Entrance Exam | No. of Questions | Time duration |
|---|---|---|
| CAT | 66 | 120 minutes |
| ATMA | 180 | 180 minutes |
| XAT | 102 | 210 minutes |
| IIFT | 110 | 120 minutes |
| NMAT | 108 | 120 minutes |
| SNAP | 60 | 60 minutes |
| GMAT | 80 | 187 minutes |
| PGDBA | 50 | 180 minutes |
| IBSAT | 140 | 120 minutes |
| GATE | 65 | 180 minutes |
Entrance Exams Accepted at Top 10 MBA Colleges in India
For a list of the MBA entrance tests that are accepted at India's top 10 MBA colleges, see the table below.
Documents Required For Direct Admission
Following documents are required for direct admission in MBA:
- UG Provisional certificate/ Mark sheet
- Identity proof
- !0th / 12th Passing certificate
- Graduation certificate
- Migration certificate
- Photographs
- Entrance test marksheet (if any)
- Category and domicile certificate (if any)
Top MBA Colleges in India Placement Wise
Let us now see the top MBA Colleges in India placement wise. Check out the ranking of the best business schools in India by placement:
| MBA Colleges in India | Average Package 2023 (approx.) |
|---|---|
| IIM Bangalore | Rs. 35.30 LPA |
| IIM Calcutta | Rs. 35.10 LPA |
| FMS Delhi | Rs. 34.11 LPA |
| ISB Hyderabad | Rs. 34.21 LPA |
| Masters Union, Gurugram | Rs. 33.12 LPA |
| SPJIMR Mumbai | Rs. 33.02 LPA |
| XLRI Jamshedpur | Rs. 32.70 LPA |
| IIM Lucknow | Rs. 32.20 LPA |
| IIM Kozhikode | Rs. 31.02 LPA |
| IIM Indore | Rs. 30.20 LPA |
| IIFT Delhi & Kolkata | Rs. 29.10 LPA |
| SJMSoM IIT Bombay | Rs. 28.88 LPA |
| MDI Gurgaon | Rs. 27.67 LPA |
| TISS Mumbai | Rs. 27.22 LPA |
| IIM Shillong | Rs. 26.96 LPA |
| DMS IIT Delhi | Rs. 25.80 LPA |
| BITSoM Mumbai | Rs. 23.85 LPA |
| SCMHRD Pune | Rs. 23.80 LPA |
| IIM Raipur | Rs. 21.04 LPA |
| IIM Tiruchirappalli | Rs. 20.55 LPA |
Due to the growth of the IT and business management sectors, there is a greater need for MBA graduates. Graduates of the MBA program have access to work opportunities in a range of fields, including sports management, human resource management, financial management, etc., because the program offers such a wide array of specializations.
If you want to find a high-paying job after earning your MBA, you should be aware of the MBA placement packages offered by the top B Schools in India.
IIM Highest Packages for MBA in India
IIMs are very popular because of the attractive employment opportunities it provides for IIM graduates. The packages that IIM alumni get are very attractive. IIMs are hence the dream MBA college for every MBA aspirant. But one thing to note is that there is no any 100% guarantee for MBA Placements at IIMs.
Let's examine the MBA packages provided to graduates of India's most esteemed MBA institutions, the IIMs.
| Name of Institute | Highest Package |
|---|---|
| IIM Bangalore | RS. 80 LPA |
| IIM Calcutta | RS. 60 LPA |
| IIM Lucknow | RS. 55 LPA |
| IIM Indore | RS. 41 LPA |
| IIM Kozhikode | RS. 46 LPA |
| IIM Shillong | RS. 48 LPA |
| IIM Nagpur | RS. 31 LPA |
| IIM Amritsar | RS. 40 LPA |
| IIM Rohtak | RS. 22 LPA |
| IIM Ranchi | RS. 26 LPA |
| IIM Raipur | RS. 28 LPA |
| IIM Sirmaur | RS. 26 LPA |
| IIM Udaipur | RS. 27 LPA |
| IIM Kashipur | RS. 45 LPA |
| IIM Bodh Gaya | RS. 20 LPA |
| IIM Sambalpur | RS. 18 LPA |
| IIM Jammu | RS. 24 LPA |
MBA in Finance
Finance is a distinct and well-liked MBA specialty. The specialization possibilities accessible to students interested in the MBA program include international finance, taxation, tax planning, investment management, insurance management, financial statement reporting and analysis, to name just a few. After earning an MBA in finance, students can pursue the following well-known career paths:
- Accounting Manager,
- Risk and Insurance Manager,
- Financial Manager/Analyst
- Finance Manager
- Cash Manager Treasurer
MBA in Healthcare Management
Students can fill a variety of management positions at various medical facilities with an MBA in healthcare management. Here, students learn about significant daily responsibilities, moral judgment, laws, and administrative duties. People with an MBA in healthcare administration could work as:
- Hospital Administrator
- Pharmaceutical Product Manager
- Healthcare IT Consultant
- Hospital CEO
- Hospital CFO
MBA in HR
Aspirants may think about working as an HR executive at a company in the manufacturing sector, BPO/IT, corporate sector, service sector, education sector, banking sector, or other equivalent industries after earning an MBA in human resources. One may begin their profession as an HR Generalist or HR Specialist after earning an MBA in human resources.
An HR professional is in responsible of recruiting, onboarding, educating, and rating employees for a business or organization. Organizational structure, employee motivation, ethics, and general engagement are among the duties of HR managers.
After earning your MBA in HRM, check out the list of career profiles you can have.
An HR jobs include:
- Training and Development in Recruitment
- Payroll management,
- coordination of employee benefits, and
- managing competition
MBA in IT and Systems
Additionally, candidates have the option of earning an MBA in systems and IT. One is qualified to work for any organization at a competitive salary after earning such an MBA. Candidates can choose from the list of in-demand career fields below after earning an MBA in IT and Systems:
- Business Development Manager,
- Product Manager,
- Business Analyst,
- IT Manager/Consultant,
- Information Systems Managers,
- Systems Analysts
- Marketing Manager,
- Analytics Manager,
- System Manager, and
- Data Processing Manager,
MBA in Operations
Operations is yet another incredibly popular MBA focus. Candidates are informed of the high level of competition and popularity for this MBA specialization.
MBA holders can find employment in operations in the telecom, e-commerce, IT, and industrial sectors. After earning an MBA in operations, candidates may choose to pursue some of the following typical career paths:
- Operations Manager,
- Project Managers,
- Inventory Control Managers, and
- Supply Chain Manager
MBA in Entrepreneurship
In this field, an MBA is beneficial. It makes it possible for someone to launch their own business, be successful, and impact the world. The training also makes it feasible to access many other areas. Along with learning the essentials of licensing, marketing, and accounting, students also build strong work ethics, interpersonal skills, and leadership qualities. The following are the top career options after earning an MBA in entrepreneurship:
- Owner of a small business,
- Corporate Supervisor
- Sales manager,
- Fundraising, and Development
- Business Advisor
MBA in International Business
This specialisation is appealing because of the expanding economic connections between nations. Graduates of MBA schools receive in-depth training in this field, including instruction on global market competition, export and import, international financial standards, and international customs rules. Following completion of an MBA in international business, some of the top positions include:
- Marketing Analyst
- Government Affairs Director
- Export Manager
- International Finance Manager
- Export Coordinator
- Administrative Service Manager
- International Business Development Manager
MBA in Logistics and Supply Chain Management
Management Logistics and supply chain is essential in many industries, including manufacturing, e-commerce, retail, and more. Businesses need to concentrate more than ever on this subject because of the development of technology. An MBA in this area will enable the individual to use less expensive alternatives to improve the efficiency of processes. The candidate will gain knowledge on a variety of subjects, such as the usage of supply chain IT, organizational behaviour, specific protocols, and strategic management.
Job opportunities for persons with an MBA in logistics and supply chain management are appealing in the following sectors:
- Supply Chain Performance Analyst
- Demand Planning Analyst
- Supply Chain Consultant
- Warehouse Operations Manager
- Logistics and Transportation Analyst
- Purchase Manager
- Distribution Centre Supervisor
- VP of Supply Chain Operations
MBA in Sales and Marketing
Sales and marketing are one of the most sought-after MBA career specializations. The main justification is that graduates of MBA in Sales & Marketing programs always have a wide range of employment alternatives. Graduates with an MBA in sales and marketing can find employment in a variety of industries, including retail, banking, hotels, and the media. After earning an MBA in sales and marketing, candidates can take some of the following usual career paths:
- market research analyst
- sales manager
- product manager
- media planner
- internet marketing manager
MBA Packages in India for Freshers
Let's look at a few job descriptions and the salaries you may expect both as a fresher:
| MBA Profile | Fresher's Salary |
|---|---|
| Supply chain manager | Rs. 3.4 LPA |
| Operations Manager | Rs. 3.7 LPA |
| HR manager | Rs. 3.7 LPA |
| Marketing Manager | Rs. 4.1 LPA |
| General manager | Rs. 6 LPA |
MBA Salary after 5 Years in India
MBA Salary in India after 5 years in India will reach around Rs. 8 LPA. But there may be a little difference in the salary depending on your specialisation and job profile. As there are many specialisations in MBA that you can pursue and land in a reputable high paying job, you can earn up to Rs. 8 LPA. Let us see the MBA Salary after 10 years in India:
MBA Salary after 10 Years in India
For MBA graduates the MBA salary after 10 years in India will reach around Rs. 14 LPA. Depending on the specialisation, job profile and the company you are working with.
Let us see some of the MBA salary packages for experienced MBA graduates:
| MBA Profile | Experienced Salary in RS. |
|---|---|
| Supply chain manager | Rs. 11.99 LPA |
| Operations Manager | Rs. 9.9 LPA |
| HR manager | Rs. 10.1 LPA |
| Marketing Manager | Rs. 9.1 LPA |
| General manager | Rs. 26.20 LPA |
BCom + MBA Salary in India
Although MBA can be pursued by any student who fits the eligibility irrespective of the age and the subject he studied in graduation, but the students from commerce background, after completing their graduation, often go for MBA. BCom students have basic knowledge related to many subjects that are taught in MBA, like HRM, Organisational Behaviour, Economics, Statistics etc.
If you want to know the salary of a BCom and MBA graduate, you can check the average BCom + MBA salary in India in the table below:
| Job Profile | Average Salary |
|---|---|
| Account Manager | Rs. 5.9 LPA |
| Business Development Manager | RS. 5.9 LPA |
| Sales Manager | RS. 5 LPA |
| Human Resource Manager | RS. 7 LPA |
| Operation Manager | RS. 7.6 LPA |
| Management Consultants | RS. 11.7 LPA |
| Employee Relations Manager | RS. 7.2 LPA |
| Market Research Analyst | RS. 3.3 LPA |
| Finance Manager | RS. 10 LPA |
Highest MBA Salary in India
MBA in Finance will get you highest MBA salary in India. The highest MBA Salary in India is around Rs. 55.88 Lakhs Per Annum offered to an IIM Ahmedabad graduate according to 2023 MBA Package.
Let us know more about the highest salary giving MBA Specialisation – MBA in Finance:
This MBA specialization focuses on giving professionals the resources they need to meet the financial goals of an organization. An MBA in finance offers a thorough understanding of financial planning, analysis, taxes, internal audit, treasury management, merchant banking, insurance, and risk management. Specialization can lead to lucrative job opportunities such as financial analyst, financial counselor, corporate finance specialist, public accountant, and investment banker, to name just a few.
Why you should consider pursuing an MBA in Financial Management?
- Of all MBA programs, the MBA Financial Management Course offers the best work prospects and excellent salaries.
- Students who wish to advance their professions and make a name for themselves in the financial sector may go for an MBA in Financial Management.
- Candidates will learn complex analytical and quantitative techniques as well as cutting-edge technology tools for resolving financial challenges, preparing them to take on difficult problems in high-tech finance.
- This vital career offers a variety of options, both in India and overseas. Financial professionals may be employed by international businesses.
- The Financial Management Program will instruct you on themes and techniques in finance, computer science, and mathematics as part of your M.B.A.
MBA Financial Management Syllabus
Check the tables below to know about the syllabus of MBA in Finance that you will be taught in your MBA curricullum:
| Semester One | Semester Two |
|---|---|
| Management Theory and Practice | Marketing Management |
| Organizational Behaviour | Financial Management |
| Accountancy for Managers | Human Resource Management |
| Managerial Economics | Operations Management |
| Statistics for Managers | Research Methods for Business |
| Semester Three | Semester Four |
|---|---|
| Operations Research | Entrepreneurship |
| Strategic Management | Security Analysis and Portfolio Management |
| Financial Markets, Treasury & Risk Management | Financial Analysis and Reporting |
| International Financial Management | Management Information Systems |
| Strategic Cost Management | Final Project Report |
Finance is a distinct and well-liked MBA specialty. The specialization possibilities accessible to students interested in the MBA program include international finance, taxation, tax planning, investment management, insurance management, financial statement reporting and analysis, to name just a few. After earning an MBA in finance, students can pursue the following well-known career paths:
- Accounting Manager,
- Risk and Insurance Manager,
- Financial Manager/Analyst,
- Finance Manager
- Cash Manager Treasurer
Frequently Asked Questions about MBA Packages in India
Q. What is the highest MBA salary in India?
Ans. MBA in Finance will get you highest MBA salary in India. The highest MBA Salary in India is around Rs. 55.88 Lakhs Per Annum offered to an IIM Ahmedabad graduate according to 2023 MBA Package.
Q. Which is the highest paying MBA specializations?
Ans. The highest salary giving MBA Specialisation is MBA in Finance. This MBA specialization focuses on giving professionals the resources they need to meet the financial goals of an organization. An MBA in finance offers a thorough understanding of financial planning, analysis, taxes, internal audit, treasury management, merchant banking, insurance, and risk management.
This Specialization can lead to lucrative job opportunities such as financial analyst, financial counsellor, corporate finance specialist, public accountant, and investment banker, to name just a few.
Q. What is MBA salary for different types of MBA?
Ans. You can choose to do from different types of MBA like the
- Part-time MBA,
- Distance MBA
- Online MBA/PGDM,
- EMBA/PGDM for executives, etc.
Candidates can choose between a general MBA program and an MBA program with a specialization.
Check the starting salary for various types of MBA Below:
| Types of MBA | Salary |
|---|---|
| Regular MBA | Rs. 2.7 LPA |
| Distance MBA | Rs. 3.5 LPA |
| Online MBA | Rs. 5 LPA |
| Executive MBA | Rs. 4 LPA |
Q. What is MBA marketing salary in India per month?
Ans. The MBA Marketing salary in India per month is around Rs. 45K. it may vary according to the company. The freshers may not get such pay but as the experience adds on, the pay increases too.
Q. What is MBA salary in India?
Ans. The list of MBA specializations is provided in the table below, together with the average salary, one can expect after earning that particular MBA specialization:
| MBA Specializations List | Average Salary |
|---|---|
| MBA in Marketing | Rs. 7.82 LPA |
| MBA in Digital Marketing | Rs. 5.5 LPA |
| MBA in Finance | Rs. 7.3 LPA |
| MBA in HR | Rs. 5 LPA |
| MBA in Business Analytics | Rs. 5.4 LPA |
| MBA in Entrepreneurship | Rs. 5.5 LPA |
| MBA in Operations | Rs. 7.6 LPA |
| MBA in IT | Rs. 5.8 LPA |
| MBA in Event Management | Rs. 6 LPA |
| MBA in Healthcare | Rs. 6 LPA |
Q. Why pursue MBA in 2024?
Ans. MBA full form is Master of Business Administration
MBA can be a perfect starter for you in your business career. You can pursue MBA for a lot of reasons, like starting your own business can be a reason or if you wish to continue your education in the management profession, you can pursue an MBA as a postgraduate degree. MBA programs teach both theory and practice in business administration and investment management. A graduate of an MBA program should be as well-prepared as possible for general corporate management duties.
MBA degree will help you with the following:
- Starting a business on one's own and turning into an entrepreneur.
- An increase in your income
- A change in job profile for better networking and knowledge.
- Increase the worth of one's resume
Q. What is MBA Eligibility criteria?
Ans. MBA Eligibility Criteria are:
- The applicant must hold a 10+2+3 certificate in any field from a recognised institute.
- A minimum score of 50% is required for the general category, while a minimum score of 45% is needed for the reserved categories.
- Some organizations favour candidates with at least two years of job experience.
- Participants in this program may also be students who are in their last year.
- International students must have a valid passport and a student visa.
Selection procedure for direct admission (applicant cannot currently be employed by the government)
Q. What is the selection criteria for MBA in India?
Ans. The factors used to select admission to MBA programs in India include academic performance up to your graduation degree, entrance examinations, group discussions, essay writing, and personal interviews. The respective institutes are responsible for managing these procedures. However, not all colleges demand entrance exams.
Check the thorough MBA admissions procedure below:
For MBA admission, a few factors are important.
- Your academic performance in classes 10 and 12,
- CAT exam results. To be accepted into a reputable MBA college, your score must fall between the 90th and 99th percentile.
- The institute will count the outcomes of the group discussion session and
- And finally the individual interview/ personal interview.
It is noteworthy that while some of India's Top MBA Colleges require entrance exams, others offer direct MBA admission based only on merit.
Q. What is MBA Scope in India in 2024?
Ans. MBA students have better opportunities for employment and higher education because to the diversity of specialties available to individuals who pursue MBA.
Either finding employment or completing a management PhD are options. The third choice is to launch your own firm using all the abilities and information you gained while earning your MBA as well as your newly discovered business management, IT, and other areas of competence. Using such abilities, you'll be able to effectively establish and grow your own business.
You will broaden your knowledge and abilities in a variety of career-related areas as part of obtaining your MBA, such as financial risk management, how to decipher corporate reports, how to create an investment portfolio, and how to increase stock value.
Q. What are the entrance exams required to enter Top 10 MBA colleges?
Ans. For a list of the MBA entrance tests that are accepted at India's top 10 MBA colleges, see the table below.
| NIRF Ranking | Top 10 MBA colleges | Entrance exam |
|---|---|---|
| 1 | IIM Ahmedabad | CAT, GMAT |
| 2 | IIM Bangalore | CAT, GMAT |
| 3 | IIM Kozhikode | CAT, GMAT |
| 4 | IIM Calcutta | CAT, GMAT |
| 5 | Indian Institute of Technology Delhi | CAT |
| 6 | IIM Lucknow | CAT, GMAT |
| 7 | National Institute of Industrial Engineering, Mumbai | CAT, GMAT |
| 8 | IIM Indore | CAT, GMAT |
| 9 | XLRI-Xavier School of Management | XAT, GMAT |
| 10 | Indian Institute of Technology Bombay | CAT |
Q. What are the different MBA specializations in Demand?
Ans. HRM, MBA in Logistics and Chain supply management, MBA in Finance, MBA in Business Analytics, etc. depending on your interest and the field you want to enter after your MBA graduation.
Read the table below and know about the MBA specialisations that are in demand in India:
MBA Specialization List in India
| MBA in Finance | MBA in Healthcare Management |
| MBA in Marketing | MBA in Pharmaceutical Management |
| MBA in Human Resource Management | MBA in Retail Management |
| MBA in International Business | MBA in Energy Management |
| MBA in Logistics & Supply Chain Management | MBA in Infrastructure Management |
Testimonials
I am amazed by the fact that how can one single organisation be so resourceful. They helped me from the beginning till the end. 9 faced a lot of problems hurdles as they say it, but they had a solution for them all. I dont just appreciate the guidance they provide but also the suggestions they give during this transition. I am really more than thankful to the team for making everything so easy for me. May God bless them
My association with Mr Kanhaiya Agarwal, the founder of Formfees, a niche start-up in education space, goes back to school days. Kanhaiya and I were school friends and I have watched him closely during his evolution from a young charming boy to a hard core entrepeneur. During my preparation for management entrance exams, Kanhaiya and his team at Formfees helped me immensely in finalizing the startegy and fine tuning the execution. It is because of he and his team that I have been able to secure my dream seat at XLRI. I wish Formfees all the best for all its future endeavours.
When I Coming to know about 'Formfees', I saw in it an opportunity to keen aside all the queries regarding application processes with the Formfees team which is home to proper & correct information for all B School entrances along with that they also help me a lot with my GD PI preparations which made my way my dream College IIM AHMEDABAD to KUDOS to Kanhaiya Sir & Formfees.
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