MBA Program: Full Form, Course, Fees, Admission, Subjects, Career

Author: bgu Category: General Date: 07 Jan 2025

MBA (Master of Business Administration) is one of the most sought-after degrees in international business administration that open doors to high career prospects.

Here are some stats that you should know to understand the superiority of an MBA:

According to the Graduate Management Admission Council (GMAC), over 90% of MBA graduates worldwide secure employment within three months of graduation, with many landing positions in top-tier organizations.
The average return on investment for an MBA is significant. In India, MBA graduates can expect to earn 150-200% higher salaries compared to their pre-MBA earnings, according to a survey by the Economic Times.

If you are aspiring to become an entrepreneur or rise through the ranks in a corporate company, an MBA is your key to many opportunities. Get to know about MBA course details and its value via this blog from us, Birla Global University.

MBA: Full Form and Overview

MBA Full Form: Masters of Business Administration
Duration: Generally it takes about 2 years for the full-time MBA programs (1 year for executive MBA)
Types of MBA Programs: 200 full-time/ part-time/ executive/ online
Global Popularity: The average annual production of MBA graduates globally is above a quarter of a million.
Average Salary for MBA Graduates: Over $100,000 per annum as per location and a specific line of practice.

The MBA degree full form encapsulates its purpose — to provide advanced education in business and management.

MBA degree information and design all together enhance the core competencies and lay down the basic management knowledge that one needs; at the same time, it works on skills one must possess such as leadership, strategic thinking, decision-making, etc.

MBA Course Details:

The MBA course provides students with a choice of subjects that are intended to prepare candidates for further leadership positions.

Below is an outline of the MBA courses subject details that you can expect throughout the program:

Core Subjects: Accounting, Economics, Marketing, Finance, Operation management, Human resource management
Electives: According to the specialization list like International Business, Digital Marketing, Data Analytics or Finance
Project Work: Applying laid-down theories in business practice settings
Case Studies: An important aspect of training that assists learners in the effective resolution of multifaceted business issues

Besides these core fields, the flexibility of MBA courses provides internships, live projects, and business simulations which enable the students to invest their time practically working across the diverse fields.

Also Read - Checklist: How to Choose a Right MBA College for Your Successful Career in Management?

MBA Admission Process:

For considering an MBA degree, candidates must fulfill certain MBA eligibility criteria. In MBA programs various factors are used to put students through including qualification results of entrance exams and interviews. Here’s a general breakdown of the MBA admission criteria:

Educational Qualification: Minimum of any Bachelor’s degree with a certain percentage, generally acceptable marks may be between 50%-60% for MBA admission.
Entrance Exams: Nearly MBA all information highlights that all the colleges demand the candidate to have appeared for the CAT, GMAT, XAT, and several other tests.
Work Experience: The experience in the relevant field, however, is recommended and should be mentioned.
Personal Interview: Then there is a round of personal interviews after the clearing of the entrance examination.

The MBA in abroad eligibility includes the GMAT scores, IELTS/TOEFL scores of language proficiency, and the experience certificate.

MBA Fees:

The costs of an MBA course may differ from one college to the other and from one geographical region to another.

On average MBA information reveals that the fees can be from INR 5- 30 lakhs in India while it may cost up to $60000- $150000 in some foreign reputed universities. But, since most students may not be able to afford the cost of this program, there are scholarships, financial aid, and loan facilities for the program.

MBA Specializations:

Another great factor about an MBA program is the fact that there are many MBA specializations that you can pursue. Some of the popular specializations include:

Marketing: There is a strong emphasis on consumer behavior, advertising, brands and services, and market research respectively.
Finance: Provides valuable information to the reader concerning investments, assessment of financial statements, and portfolio organization
Operations: Specialises mostly in the supply chain, movement of goods, and streamlining of the process.
Human Resources (HR): Equip students for positions in employee relations, strategic human resource management, and organizational development
Information Technology (IT): Suitable for anyone who plans to advance to the highest level in information technology organizations

Also Read- MBA in HR: Salary, Scope, Fees, Benefits, Career, Jobs, Syllabus, Eligibility & More

Since there are many fields to specialize in, you can easily align your job according to your preferences. The general subjects to be covered in the MBA courses list are normally in general management fields and the specific management fields of your interest.

Career After MBA:

After completing an MBA, you have a wide array of career options after MBA. The opportunities are wide and varied: whether you are thinking of joining a multinational organization or a start-up company of your own, or indeed going for further specialization. Some common job opportunities after MBA include:

Business Consultant: Specializing in providing consultancy services relating to organizations’ strategic plans and processes
Marketing Manager: Marketing management of market leaders, conducting market surveys, and developing brands
Financial Analyst: Markets, involves trying to identify trends in financial data and providing advice in investing.
HR Manager: Recruiting, staffing training, and developing the employees
Entrepreneur: Starting your own business with quite a good perception of how businesses work

Students are also able to secure positions as project managers, business analysts, or data scientists at that, based on preferences. With so many MBA jobs and opportunities, all these can be enjoyed by pursuing the course at the right and the best college such as ours, Birla Global University. Have it in your mind!

Conclusion

In conclusion, having covered all the MBA course details, it is evident that an MBA is not a course or a degree but an initiation to a successful business profession. You never have to worry after MBA what can I do as the MBA itself is great. Whether you dream of starting your own business or climbing the ladder at a large corporation, an MBA gives you the tools, background, and contacts necessary to do so.

So, pick up your MBA at the best MBA colleges as ours, Birla Global University.

FAQs:

How to get MBA admission?

To get MBA admission, candidates must meet the eligibility criteria, clear relevant entrance exams (such as CAT, and GMAT), and perform well in interviews. Most colleges also require a minimum undergraduate percentage and work experience for full-time programs.

Is 12th marks important for MBA?

While 12th marks are not directly considered for MBA admissions, they do impact your undergraduate performance, which can be a part of the eligibility criteria.

Which degree is best for MBA?

Degrees like BBA, BCom, and BTech are often considered ideal as they provide foundational knowledge useful for business studies.

Can I do an MBA after 12th?

You cannot pursue an MBA immediately after the 12th, as it requires a bachelor’s degree for admission.

Blog