What, Why and how to do MBA in India?

What, Why and how to do MBA in India?

Himanshu ShekharUpdated on 16 Aug 2023, 07:24 PM IST

What, Why and How to Do MBA in India? If we look at the history of the MBA, we will find that it was first introduced by Harvard University Graduate School of Administration in 1908. Indeed having these three letters, “MBA” on your resume makes you stand apart but the true meaning and practical aspects of these three letters course is a vast area to learn about. If you are looking for the answer to why MBA is important, to be specific, an MBA program helps you a lot to build the premises of your business knowledge and your professional growth.

What, Why and how to do MBA in India?
How to do MBA

What, Why and How to Do MBA in India?

Though the post-graduate study program, Master of Business Administration or MBA, finds its origin in the United States it is the course that is desired globally. MBA is an apt study program, especially for those who aim to shape their career with business acumen and entrepreneurial ambitions. The thing which adds more value to this course is that no matter what academic stream one had, be it Science, Commerce, Arts, or any other stream, the doors of the MBA program are open for all.

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Post Graduation courses like MBA have also contributed a lot to the economic growth and academic standards in various countries along with India. Moreover, if talking about an individual, pursuing MBA from a prestigious B-School also leads one to get a handsome package. This is also the reason why pursuing an MBA has become a charming career in India.

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Now the question arises, why should we do MBA When other such courses are also out there which provide the exposure and advantages discussed above? What does an MBA degree offer you that could make you think to pursue it as your career? Why do people do MBA? Why MBA is important? To answer this question, one has to look into the following aspects that justify why they should go for MBA:

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Understanding of Business

If you are a student who has no idea about what happens in a business nor do you belong to a business family, then MBA is truly the key source that tells you how to think and behave in a business situation. MBA helps you to know how to look at the situation from a marketing perspective or a sales perspective or a finance perspective. Overall, it gives you an understanding of how to look at a situation from a Business perspective.

Boosts your Self-Confidence

When one pursues their MBA from a B-School, they live around students who are extraordinarily good, very ambitious, and talented and have already done a lot in their life. So you suddenly end up surrounded by such accomplished groups of people and that increases your confidence. Though you feel like you don’t know anything this acts as a push for you because it makes you take part in that competition and try to win. From leading in group assignments and giving class presentations to organizing huge events, MBA teaches you everything.

Provides an opportunity to change the industry

In addition, MBA does provide you with an opportunity to change the role or industry you have been working in. Suppose, one is a software developer or works in finance and they want to change their industry from software development to product management or marketing from finance, then an MBA is a great way to get that change because the recruiter already knows you have given your 1-2 years to a curriculum to get training that prepares you, particularly for the industry or company for which recruiting is being done.

MBA is important for a better job profile

MBA is important nowadays because, in today’s world, all the recruiters in one or another way are looking for this degree. The truth is for any business role, more and more companies or more and more recruiters expect an MBA degree from their candidates. So, if you are looking for a career in the business or management world but if you don’t have an MBA degree, it somewhat becomes a disadvantage.

But why do people do MBA in India when they are financially capable enough and have the option to pursue it outside India or in any other country? There are several reasons which justify why one should go for India when it comes to pursuing a postgraduate course like MBA:

Reasonable Cost of Study

For every course out there, India provides high-end quality education at a reasonable and affordable cost. Whereas, for an MBA, universities in countries like Europe charge even more than $ 1,00,000 which will not allow you to save a few bucks at the end of the day. Spending on studies is an investment and MBA programs in India give you a big return on your investment.

Multiple programs of MBA to choose from

MBA is not a program that is counted as only one. In India, there are diversified types of MBA programs offered such as Full-Time MBA, Pat-Time MBA, Distance MBA, Online MBA, Executive MBA, and Integrated MBA. so, even if you are a working person, you will still be able to pursue an MBA in India. There will be no boundings on your working hours.

Number of options of top B-Schools

Over the period, the management sector in India has evolved and developed a lot so are the B- Schools. All the top management schools across the country offer quality education and a globally accredited curriculum. Goa Institute of Management, Indian Institute of Management Bangalore (IIMB), International Management Institute (New Delhi), Indian Institute of Management Ahmedabad, etc. are example of such management institutes which provide excellent exposure to their MBA students.

India is a leading emerging market

At this present time, India is in the position of leading emerging markets with innovations and changes popping up in every passing minute. So, it makes it more exciting to pursue a business management course like MBA at such an innovative place. Since Indian Companies are extending their global reach, knowledge, and practice of how to do business in India are becoming more important to the people, no matter wherever they are based.

Exciting and enriching career opportunities

In addition, India’s economic growth is also creating new and exciting opportunities for MBA students and adding value to their degrees. Big brands and big-name companies like Amazon, McKinsey, and Uber also hire those who have completed their MBAs from Indian Business Schools.

How to do MBA in India? Why pursue an MBA?

If you are planning to do MBA in India, there are certain pointers you have to keep in mind while deciding to pursue an MBA degree in India. These things mainly involve -what type of entrance exams are out there for different types of MBA courses, what are the eligibility criteria for such entrance exams, which are the top B-Schools or management Institutes in the country, and what is their fee structure, and selection criteria, etc., and these are the questions one has to find the answers for to go for MBA in India.

Advantages of MBA Completing an MBA program demonstrates a commitment to learning, developing, and applying skills that help an organization succeed.

Masters of Business Administration (MBA) and Post Graduate Diploma In Management (PGDM)

In India, there are specifically 2 kinds of management degrees offered which are Masters of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM). The former is a 2-years degree course whereas, the latter is a 1-year degree and is offered by various IIMs across the country.

Due to the change in needs of the industry standards, there have been introduced various other types of MBA/PGDM degrees and these are- Online MBA, Distance Learning MBA, and Executive MBA.

MBA Specializations

An MBA degree provides one with the opportunity you specialize in the following areas:

Eligibility criteria for MBA

To pursue an MBA course, aspiring students must give management entrance exams that take place at the National and State levels across the country. In addition, they have to fulfil the following eligibility criteria to apply for the exam:

  • Candidates must be graduated from any of the streams with at least 50% marks or equivalent CGPA from a UGC-recognized University or Board or the institution recognized by the Ministry of Human Resources Development Department of Higher Education (MHRD).
  • Aspirants who belong to the category of Schedule Caste (SC) or Schedule Tribe (ST) or PWD Category are required to secure a minimum of 45% marks to be eligible to give MBA Entrance exam.

Entrance Exam that an aspirant can look for

There are so many entrance exams out there through which an aspirant can pursue MBA as their career. If they fulfil the basic eligibility criteria discussed above, thereafter they are required to appear for any of the entrance exams:

Following are those management entrance exams that take place on the National Level-

Some entrance exams take place at the States Level as well-

Moreover, there are some management schools in India as well, which conduct their own management entrance exam to offer admissions into MBA Programs. These Institutes are-

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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

HELLO,

With a 74 percentile in CAT ,EWS category and 8/8/7 academics , you are in good spot for many non IIM colleges like :-

1.BIMTECH

2.AIM DELHI

3.AMITY GROUP

4.IMT

5.IMT NAGPUR

6.SDM IMD

7.Great Lakes (GLIM) Institute of Management

8.Alliance University

9.IBS Business School

10. Institute of Management,

Hello there,

Yes, you should surely give a try. Your score and being Non-Engineer gives you an edge. The previous trends shows that cutoff typically hovers around 75-84 for EWS category. Therefore you must give a try.

NIBM  gives proper weightage to academics as well, therefore your 8\8\8 would work

HELLO,

With an overall 98.54 percentile ( QA/DILR 97.55, VARC 94.89) and strong academics 9/9/0, you have a good profile. As a B.Tech candidate you can expect calls from :-

  • IIM Shillong
  • IIM Udaipur
  • IIM Trichy
  • IIM Ranchi
  • IIM Raipur
  • IIM Kashipur
  • IIM Nagpur
  • IIM Indore is Boderline

Hope this

Hello there,

The IIMs you should expect are listed below:

  • A 90-100% chance: IIM Lucknow, IIM Indore, IIM Kozhikode, IIM Shillong, IIM Mumbai, and all CAP IIMs( Udaipur, Trichy, Ranchi, etc.).
  • A 50-70% CHANCE: IIM Calcutta and SPJIMR.
  • A very competitive chance, IIM Ahmedabad and IIM Bangalore

Your biotech background

Hello there,

With a 70 percentile it is not easy to make it in the IMT Hyderabad because the cutoff usually reaches 85-90+ for general category, even IMT Nagpur has low chances since the cutoff usually reaches 75-85. However, IMI Kolkata, is your safe option, since the cutoff is around