All You Need To Know About MBA And Eligibility for MBA

Introduction

MBA is the abbreviation for Master of Business Administration. The MBA course duration is two years and is designed for those who desire to work in management as entrepreneurs, company executives, technocrats, or managers. This course includes marketing, entrepreneurial learning, organizational behavior, human resource management, and more.

MBA Course Highlight

MBA Eligibility: Bachelor’s Degree

Eligibility for MBA is a Bachelor’s Degree in one of the following domains:

• Bachelor of Business Administration (BBA)
• Bachelor of Pharmacy and Pharmaceuticals
• Bachelor of Technology (B.Tech)
• Bachelor of Computer Ap application (BCA)
• Bachelor of Arts (BA)
• Bachelor of Science (BSc)
• Bachelor of Statistics (B.Stat)
• Bachelor of Legislative Law ( LLB)

Any bachelor’s degree from a recognized institute is acceptable.

MBA Entrance Exams Eligibility

Is an entrance exam necessary for MBA?

It is impossible to get admission into the most exemplary MBA programs without taking an MBA entrance exam. Furthermore, there is no opportunity for direct MBA admission to prestigious universities. So, it is advised not to be misled by anybody promising immediate admission to premier B-schools. Many private colleges also provide direct admission to MBA programs based on their different entrance tests, personal interviews, or the candidate’s grade point average from high school.

The eligibility criteria for MBA different entrance exams are mentioned below:

MAT Exam Eligibility for MBA Details

MAT full form: Management Aptitude Test

Conducting body: All India Management Association (AIMA)

MAT eligibility for MBA: Any Graduate can enrol.

MAT exam syllabus:

1. Language Comprehension
2. Data Analysis
3. Intelligence & Critical Reasoning
4. Indian & Global Environment
5. Mathematical Skills

Exam dates: Feb, May, Sep, Dec. 

Exam fee: INR 1550

XAT Exam Details

XAT Full Form: Xavier Aptitude Test

Conducting body: Xavier Labour Relations Institute (XLRI)

XAT eligibility for MBA: Candidates with any bachelor’s degree can enrol. Last year’s graduate students can also apply.

XAT Syllabus:

Part 1:

1. Quantitative Ability
2. English Language & Logical Reasoning
3. Decision Making

Part 2:

1. GK
2. Essay Writing

Exam date: Tentatively January (Check the official website)

Exam fee: INR 1700/-

IIFT – Indian Institute of Foreign Trade

IIFT full form: Indian Institute of Foreign Trade

Conducting body: Indian Institute of Foreign Trade

IIFT eligibility for MBA: Any Bachelor Degree holder can apply

IIFT exam date: Not fixed

IIFT exam fee: INR 1550/- for Gen and OBC, INR 775/- for SC/ST/PH

IIFT exam syllabus:  

• Quantitative Ability 
• Data Interpretation
• Analytical & Logical Reasoning
• Reading Comprehension
• Verbal Ability

CMAT Exam Details

CMAT full form: Common Management Admission Test

Conducting body: AICTE

CMAT Eligibility: Candidates with any under degree with 50 percent marks, and last year gradudates can apply. For reserved candidates, 45 percent marks will be required.

CMAT Exam Syllabus:

1. Logical Reasoning
2. Language Comprehension
3. Quantitative Techniques
4. General Awareness
5. Data Interpretation

Exam date: January

Exam fee: INR 1400/- for General. INR 700/- for females and reserved categories.

Graduate Management Aptitude Test (GMAT)

GMAT full form: Graduate Management Aptitude Test

Conducting body: GMAC

GMAT eligibility criteria for MBA: A degree from a renowned university. No age limit.

GMAT exam syllabus:

1. Analytical Writing Assessment
2. Integrated Reasoning
3. Quantitative Aptitude
4. Verbal Reasoning

Exam date: February, March

Exam fee: INR 15000 to INR 16000/-

NMAT Exam Details

NMAT Full Form: NMIMS Management Aptitude Test

Conducting body: Graduate Management Admission Council (GMAC)

NMAT Eligibility: Minimum three years bachelor’s degree with 50% mark

NMAT exam syllabus:

1. Language Skills
2. Quantitative Skills
3. Data Interpretation & Data Sufficiency
4. Logical Reasoning

Exam date: Not fixed

Exam fee: INR 2000

Is CAT Compulsory for MBA?

Business schools prefer candidates who’ve passed the CAT examinations. Several MBA universities do not ask for CAT tests but offer MBA admissions to help you advance your career.

You can pursue an MBA without taking the CAT, but consider the following:

• Before enrolling for MBA at any college that gives admission without CAT, check the college accreditation by the UGC and AICTE. Some institutions in India claim to provide you with admission without the CAT exam. However, there may be not recognized by the UGC or AICTE. In that case, the MBA degree will be worthless. 
• Send your question to the college you are enrolling for or a career counsellor. Avoid paying fees to consultants.
• Make sure you meet all the eligibility for MBA mentioned on the college website.

Eligibility for MBA Abroad

• The foreign colleges offer MBA programs in multiple disciplines. Aspirants seeking an MBA from a foreign university must meet the college’s eligibility criteria for MBA.
• Candidates seeking admission to MBA Abroad must have a bachelor’s degree with a minimum aggregate score of 50% from a recognized university. They must pass the requisite language proficiency exam.

MBA Eligibility for Different Types of MBA

The table shows the eligibility for MBA for different modes of MBA available in India.

How To Get Admission?

Apply for the MBA course

Candidates can apply online or in person. Applicants are free to apply to the institutions or universities of their choice. To be considered for subsequent admission rounds, one must score higher than the university’s minimum qualifying percentage.

Selection criteria for MBA

Following the written test, special group meetings and personal interview rounds are undertaken to create the final merit list of nominees. After evaluations have been completed, universities publish the results and publish a merit list of selected applicants. 

Selections are made after a variety of evaluations, namely:

• A written examination, 
• An entrance test, 
• A group discussion, and
• A personal interview. 

The final allotment of candidates’ seats will occur after the completion of the admission process.

The candidate must pay the offline/online MBA fees and enrol for the respective academic year.

Higher education opportunities after MBA

These courses after MBA can help you to enhance your skills, improve your resume, and contribute to career-oriented personality development. Students, after finishing their MBA, can also enrol for a PhD course.

Higher education opportunities after the MBA course are

• Doctor of Business Administration
• Financial Risk Management
• Chartered Financial Analyst (CFA)
• PhD in Management
• Human Resource Management
• Post-Graduate Diploma in Computer Applications
• Certified Information Systems Auditor (CISA)
• Data Science and Analytics
• Foreign Language Courses
• Coding Courses

MBA Job Options With Pay Scale

The starting salary depends on the location, role, company, and domain. Several programs offer an Online MBA with placement assistance in the top companies, which can increase the chances of an aspirant landing high-paying packages. Here we have some job roles with the average pay scale for MBA graduates in India. 

MBA Specialisations 

MBA – Finance

Financial Management is a renowned worldwide recognized MBA concentration that allows students to work anywhere in the world with enormous development opportunities in retail banking, financial services, insurance, and other industries. It is primarily concerned with the planning, management, and regulation of any industry’s or individual’s financial resources/assets.

Types of Jobs

• Finance Advisor/Manager: Your primary responsibility will be to advise your customers on how to manage their wealth, such as where to put money to maximize returns and assist them in accomplishing their long-term financial objectives.
• Banking: You must evaluate the global financial market and provide financial advice to corporations, governments, and other organizations on how to generate cash, conduct mergers and acquisitions, and more
• Business Analyst: You must assess numerous trends and requirements of a business/start-up and effectively communicate the solutions/suggestions to the owners, stakeholders, and managers. You will be working with Corporate Finance, which entails balancing risk and profitability, maximizing stock value, managing money by selecting investment portfolios, and so on.

MBA – Marketing

Marketing Management is primarily concerned with conventional marketing, that is, selling your ideas and concepts. Your primary objectives will be branding, sales, distribution routes and tactics, market research, and customer behavior.

Digital Marketing is occasionally hitting new heights with the market being more digitally active. The MBA does not cover digital marketing in depth. So, if you want to pursue certification courses after earning your MBA in Marketing, Digital Marketing is the ideal choice. The opportunities in Digital Marketing will be limitless.

Types of MBA in Marketing jobs:

• Marketing Manager – Marketing Managers are responsible for presenting the company’s image to customers. A marketing manager develops a marketing strategy and determines how to keep existing consumers.
• Brand Manager – A brand manager is in charge of the marketing and positioning of a company’s brands and collecting competitor brand data.
• Sales Manager – A sales manager creates income for the company through selling, distribution, after-sales support, and so on. You also need to keep your current consumers.
• Product Manager – A product manager is in charge of releasing new items and managing the company’s current product range. You will also be responsible for the incumbent goods’ profitability and market expansion.
• Market Research Analyst – A market research analyst’s responsibility is to collect data, analyze data, and interact with the development team. So that an appropriate marketing plan is developed.
• Advertisement Manager – An advertisement manager is in charge of advertising items through various advertising channels such as TV, radio, newspaper, magazine, and so on, as well as assisting the marketing team in fulfilling objectives.
• Digital Marketing Managers – web/online marketing outlets such as search engine marketing,  social media marketing, email marketing, content marketing, search engine optimization, and much more.

MBA – Human Resources

Human Resources (HR) management is the study of managing a company’s most valuable asset: its employees. To engage with Human Resources both inside and outside the organization, you must go beyond broad understanding and go deeper.

HR Managers must concentrate on various industries. They are as follows:

• Training and Development – Improving employee performance to achieve the organization’s objectives.
• Recruitment – obtaining the proper capabilities for the firm, including personnel acquisition, talent retention, and onboarding procedures.
• Performance Appraisal – Evaluating workers’ performance, identifying areas for improvement, promoting staff, etc.

MBA – Operations

Operations Management (OM) is constantly refining and updating as practices and procedures develop, necessitating maximum efficiency. You can pursue MBA courses in India, such as Six Sigma and Lean techniques for advancement in Operations Management.

Types of Operations in Marketing jobs:

• Operations Manager: Operations managers oversee the production/manufacturing process daily and work to improve production efficiency. You must maintain product quality by making the best use of available resources and time. You can work in any of the following departments: purchasing, inventory management, vendor management, supply chain, logistics, and, most crucially, production management.
• IT Manager: Today’s manufacturing and operations rely largely on technology. You will be in charge of IT administration and operation as an IT manager.

Conclusion

Obtaining an MBA degree is a long-term investment that will provide you with a platform for everlasting earning potential. Investing in an MBA degree today will pay rewards in the future.

Now that you know about MBA courses, eligibility for MBA, and career choices after MBA, go ahead and make a rewarding career in this field.