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MBA
Master of Business Administration
Overview
The MBA is the world’s most popular graduate management degree. Employers love it and students can’t get enough of it. Thousands of ambitious professionals apply to different types of MBA program each year.As a generalist degree, the MBA gives you fundamental management knowledge, meaning you’ll get a holistic view of business across areas like marketing, finance, and accounting, all while developing those vital soft skills and leadership skills.Famous MBA alumni include CEOs of multinational companies, successful entrepreneurs, and former Presidents. George W Bush, Michael Bloomberg, Tim Cook, Satya Nadella, Sundar Pichai, Sheryl Sandberg—they all have MBAs.So what can you do with an MBA degree? What types of MBA programs are available? And is an MBA worth it?
Advantages of Getting an MBA
- Global Perspective: Gain insights from peers worldwide, broadening your understanding of global markets and diverse industries.
- Enhanced Communication: Improve verbal and written communication to effectively convey ideas across all organizational levels.
- Expanded Network: Join a global alumni network and connect with influential professionals for career growth.
- Better Career Prospects: Stand out in a competitive job market with advanced skills in marketing, finance, and leadership.
- Time Management: Master the art of balancing academics, work, and personal life, a skill highly valued by employers.
Types of MBA Programs
While the traditional full-time MBA degree is a popular option, the MBA today comes in all shapes and sizes. Business schools offer various types of MBA programs suited to different profiles of students.
The full-time MBA is the original, immersive, on-campus experience, designed for early and mid-career students who may be looking to completely change their career path. The two-year, full-time MBA program is most popular in the United States and offered by the group of elite M7 business schools. In India, the Postgraduate Diploma in Management is also offered as an MBA alternative.
The part-time MBA allows you to combine work and study, meaning you don’t miss out on your salary and the opportunity cost of pursuing a full-time program. Part-time MBA classes typically take place in evenings, weekends, or in flexible modular formats, combining online learning with in-person sessions.
The Executive MBA is a part-time MBA program targeted at experienced, executive-level professionals with over 10 years of work experience. EMBA programs bring senior leaders together to upskill, network, and knowledge share, with participants bringing their professional projects into the classroom.
The Online MBA is a super-flexible, part-time MBA experience, allowing you to continue working while studying from the comfort of your home. Online MBA programs typically require a residential component (1-2 weeks), although there are an increasing number of 100 percent-online MBA programs. Many online MBAs also allow you to pay per module and plan your own study time. This means durations for online MBA programs can vary, although most take around two years to complete.
Top 5 MBA Colleges in India NIRF Rankings
NIRF releases the college rank list annually. Colleges are ranked by various factors such as infrastructure, education, placement, teaching methodology, etc.The following table presents the top 5 MBA colleges in India, along with their 2023 NIRF rankings:
| NIRF Ranking (2023) | College Name |
|---|---|
|
1
|
Indian Institute of Management (IIM), Ahmedabad
|
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2
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Indian Institute of Management (IIM), Bangalore
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3
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Indian Institute of Management (IIM), Kozhikode
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4
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Indian Institute of Management (IIM), Calcutta
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5
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Indian Institute of Technology (IIT), Delhi
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Top 5 MBA Colleges in India NIRF Rankings
Besides IIMs, there are numerous MBA colleges in India that are highly renowned. Candidates who complete their MBA degree from these non-IIM colleges are able to bag high-paying job offers from premier recruiters across the world.
| College | Exam Accepted |
|---|---|
|
Faculty of Management Studies, Delhi |
CAT |
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SPJIMR, Mumbai
|
GMAT, XAT, CAT
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XLRI, Jamshedpur
|
XAT, GMAT
|
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JBIMS, Mumbai
|
MAH CET, ATMA, CAT, MAT, CMAT
|
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IIFT, New Delhi
|
CAT
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Top MBA Entrance Exams To Get Into Top Colleges In India
The CAT exam is no doubt the most popular of all management entrance exams in India. The Common Admission Test is conducted every year, and it serves as a gateway for management aspirants to fulfil their dream of getting into IIMs. Every year, one of the 20 IIMs conducts the exam on a rotational basis. The CAT is the most sought-after MBA entrance exam so far and is taken by almost over 2.5 lakh candidates every year.nt is also offered as an MBA alternative…view more
It is often regarded as the second most common entrance exam for management aspirants after the CAT exam. XAT is conducted by XLRI – Xavier School of Management for the graduate programmes in management courses in XLRI and 11 XAMI member institutes in India. XAT is usually conducted in the month of January every year….view more
There are more than 2,300 graduate business schools worldwide that accept Graduate Management Admission Test (GMAT) scores. Candidates are assessed on their analytical writing, integrated reasoning, quantitative reasoning, and verbal reasoning skills. Through GMAT, candidates can get admission to graduate management programmes nationally and globally. A large number of colleges in India accept GMAT scores, in addition to global management schools….view more
Narsee Monjee Aptitude Test is usually conducted during the month of October-December every year, in a 75 days exam window. A candidate is allowed to take 3 attempts of NMAT in a year, including no-shows. The only condition is to wait for at least 15 days between two attempts. The results are announced instantly after taking the exam. NMAT exam scores are the prerequisite for NMIMS – Bangalore, Hyderabad and Mumbai Campus, ICFAI, Alliance University, ARM University, and BIT University, among other universities. Aspirants can visit the official site to get all the details regarding the exam….view more
Symbiosis National Aptitude is conducted by Symbiosis International University (Deemed) for admission into their graduate programmes. SNAP has an extra section for General Awareness and has no sectional time limit. So, anyone can set aside as much time or as little time for the respective sections as they want. Conducted in the month of December, this is the gateway to the prestigious Symbiosis Group of Institutions….view more
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