Candidates often search on the internet what MBA is? This question arises in the minds of many. MBA or Master of Business Administration is a two-year degree program that provides exposure to various general management and business practices and procedures keeping in mind real-world problems. When it comes to business and management, an MBA degree is one of the most popular and in-demand career options. The most important entrance exam for admission to MBA is CAT. Today in this article we’ll discuss how to get good colleges to study MBA , cutoff for MBA exams and salary after doing MBA.
What is the full form of MBA?
The MBA Full Form in English is “Master of Business Administration”. There are different types of MBA courses such as Part Time MBA , Online MBA , Distance MBA and Executive MBA . Apart from this, there are courses in business management like MBA Human Resource Management, MBA Marketing, MBA Sales Management, MBA Business Analytics, MBA IT Management. This degree provides options for taking specialisation. In this article you will get to know MBA course details.
MBA Course Fees
Every candidate who thinks of doing an MBA definitely has this question in his mind: how much money does it cost to do an MBA. MBA fees vary for every MBA college in India. Generally, private MBA colleges in India charge higher fees than government MBA colleges. The fee structure of MBA is decided based on the resources invested during the duration of the MBA course such as hostel facilities, mess, study materials, student exchange programs and industrial visits.
However, the average fee structure for an MBA course for top MBA colleges like IIM , SPJIMR , MDI Gurgaon can range from around Rs 20 lakh to Rs 25 lakh for the entire course. Additionally, other government MBA colleges in India charge a minimum average fee of around Rs 50,000 to Rs 4 lakh per year.
Eligibility Criteria for MBA
The MBA eligibility criteria are different for each MBA college in India and it depends on the type of MBA course one wants to pursue. However, some common eligibility criteria for all types of MBA courses are given below:
- Candidates must have completed their undergraduate degree or be in the final year of their undergraduate degree from any stream which is of minimum three years duration.
- Some of these popular undergraduate degree programs are B.Tech, B.Sc , BA , BBA , B.Com
- Candidates must have obtained at least 50 percent aggregate marks during their undergraduate degree. (60% for admission to IIM).
- Candidates must have obtained a minimum of 60 percent marks in their Class 12 final examination from a recognized board in India.
- Candidates must pass the entrance examination with the required MBA cutoff specified by the MBA colleges.
Admission in MBA on merit basis
Admission to MBA programs in private and public universities is based on the level of examination conducted by the respective state or national organizations. This MBA admission process is completely done on the basis of entrance examination.
MBA Entrance Exam:-
Common Admission Test (CAT):
Common Admission Test or CAT is one of the biggest management entrance exams conducted by any of the IIMs for MBA admission in India. Top MBA colleges in India require students to appear for the CAT exam to gain admission into their institutes. The best colleges for MBA usually ask for CAT scores at the time of admission.
NMAT (Narsee Monjee Admission Test):
NMAT exam is a university level management admission test conducted by GMAC on behalf of Narsee Monjee Institute of Management Studies. Candidates who qualify the NMAT exam followed by group discussion and personal interview are offered MBA admission into NMIMS.
XAT – Xavier’s Aptitude Test
XAT is one of the most popular MBA admission tests accepted by around 170 institutes for MBA admission. Some of the best colleges in India accept XAT scores. XAT exam is conducted by XLRI Jamshedpur to provide MBA admission in various types of MBA courses.
SNAP (Symbiosis National Aptitude Test)
SNAP or Symbiosis National Aptitude Online Test is a national level online examination conducted by Symbiosis University. Candidates who qualify the examination with Group Discussion and Personal Interview are offered MBA admission to any of the 16 Symbiosis colleges.
IIFT (Indian Institute of Foreign Trade)
Indian Institute of Foreign Trade is considered one of the best colleges for MBA and conducts a national level annual entrance examination for admission to the three specializations offered by the institute. Candidates who qualify the examination with Group Discussion and Personal Interview are offered admission to IIFT, New Delhi.
MBA Cutoff
MBA cut-off is released for each MBA college after the admission process is over. The cut-off details are also mentioned in the batch profile and ranking as per category and specialisation. The batch profile of an MBA degree program includes various factors such as the educational background of the students, average age among others. Below is the list of top MBA colleges in India. You can also check their cut-off details.
MBA Cut-off
| Colleges accepting CMAT score | Expected CMAT Cut Off (2024)* | Tuition Fee (Approx.)** |
|---|---|---|
| Jamnalal Bajaj Institute of Management Studies | 99.92 percentile | INR 6 to 7 lakh |
| Goa Institute of Management | 99.85 percentile | INR 4.28 to 20.5 lakh |
| K J Somaiya Institute of Management Studies and Research | 99.2 percentile | INR 17.3 lakh |
| Great Lakes Institute of Management, Chennai | 99.06 percentile | INR 9 to 11 lakh |
| Xavier Institute of Social Service, Ranchi | 95 percentile | INR 8.90 lakh |
| IFIM Business School, Bangalore | 85 percentile | INR 15.9 lakh |
| Asia-Pacific Institute of Management | 85 percentile | INR 9.65 lakh |
| Jaipuria Institute of Management, Noida | 82 percentile | INR 1.4 to 14.8 lakh |
| BIMTECH, Greater Noida | 75 percentile | INR 13 to 14 lakh |
| BIT, Mesra | 75 percentile | INR 5.5 lakh |
| DY Patil School of Management, Pune | 75 percentile | INR 2.3 lakh |
| XIME, Bangalore | 75 percentile | INR 11.00 lakh |
| Christ University Institute of Management | 70 percentile | INR 7.70 lakh |
| WeSchool Mumbai-Welingkar Institute of Management | 70 percentile | INR 11.00 lakh |
| WeSchool Bangalore-Welingkar Institute of Management | 70 percentile | INR 11.00 lakh |
| Institute of Management Studies, Ghaziabad (IMS Ghaziabad) | 70 percentile | INR 7.95 lakh |
| D Y Patil University School of Management (DYPUSM) | 70 percentile | INR 8.40 lakh |
| Jagannath International Management School (JIMS) | 70 percentile | INR 8.00 lakh |
| Universal Business School | 70 percentile | INR 8.48 lakh |
| NSB Academy | 70 percentile | INR 6.00 lakh |
| KIIT School of Management, Bhubaneswar (KSOM) | 80 percentile | INR 13.60 lakh |
| Alliance School of Business – Alliance University | 75 percentile | INR 13.50 lakh |
| Indus Business Academy, Bangalore | 60 percentile | INR 5.58 lakh |
| Indira Institute of Management (IIMP) | 70 percentile | Rs 2.20 lakh |
| SRM Institute of Science and Technology | 80 percentile | INR 4.70 lakh |
| Amrita School of Business – DMS, Bangalore | 80 percentile | INR 7.50 lakh |
| Aims Institute of Management Studies | 70 percentile | INR 4.85 lakh |
| Accurate Group of Institutions | 70 percentile | INR 5.60 lakh |
| SSN School of Management | 75 percentile | INR 4 lakh |
| Rajagiri Centre for Business Studies (RCBS) | 70 percentile | INR 6 lakh |
| ISME, Bangalore | 60 percentile | INR 8.25 lakh |
| VIT Business School, Vellore | 60 percentile | INR 7.00 lakh |
MBA Salary
MBA salary depends on the specialisation chosen by the candidate. After MBA in India, the average salary for the highest earning candidates can range from around Rs 4,00,000 to Rs 32,00,000 per year. Your MBA specialisation will determine what type of jobs you will be able to secure in the future. Most of the time, students are selec ted from marketing specialisation. Some of the important factors that determine the salary depend on the MBA specialisation chosen by the candidate, experience of the candidate, industry, institute/college from which the candidate has passed.
So this was all about the Masters in Business Administration course (MBA). If you want to work in big MNCs that pay lavish salaries then this course is absolutely perfect for you.
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