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  • Discription: A Foundation Course
  • Duration: 4 Months (100 hours)
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  • Discription: An Advance Course
  • Duration: 9 Months (80 hours)
  • Fees: Rs 15,000
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Exam & College Information

About MBA

  • MBA is a 2-year Management Program.
  • Most of the MBA programs are general management programs, where the students study subjects related to various areas of business such as finance, marketing, human resources, operations management, etc, in the first year, and then choose an area of specialization in the second year.
  • Over the two years of MBA, students will also study about various factors ( i.e. laws, trends, markets, economies) that affect the businesses and the running of the businesses. Students will also be exposed to ‘real-life situations’ to make sure that they don’t crumble under pressure if the going ever gets tough in the future.
  • One must not forget that an MBA (especially in India) is a pretty rigorous program. Kiss goodbye to 10 hours of sleep, and say hello to all-nighters where you have to slog in order to meet deadlines. Ask your friends to bear with (or without) you for two years, since you’re hardly going to have enough time to breathe, never mind socialize.
  • Don’t get discouraged, though. Some of your best times will be in your B-School, especially if it is one of the higher-ranked ones where the programs are residential. Studying at good MBA institutes actually becomes a pleasure, something to remember. Meeting deadlines and completing projects becomes enjoyable. Most importantly, you make some excellent friends, and develop as an individual on the whole.

Why MBA

Following are the few of the reasons why students or executives go for an MBA program:

Career Advancement

  • A graduate is normally offered an Operational Roles like:
    • Accountant
    • Hiring Process Executive
    • Floor Supervisors in Mall/Retail Outlets…etc
  • An MBA is offered a functional Role like:
    • Business Analyst
    • Marketing Manager
    • Public Relation Officer/Manager
    • Consulting…etc

High Salary

  • An average graduate earns around Rs. 15,000 pm at the beginning of the career and earns about Rs. 40,000 pm after 5 years of work Experience.
  • An MBA from a good B-school gets a starting salary of around Rs. 50, 000 pm and gets around Rs. 80,000 pm + Incetives, after 5 years of work experience.

Practical Knowledge

  • The knowledge that will help you progress in your career will not be found only in books or on the internet.
  • The Teaching methods employed in top B-schools are very innovative and effective. These include:
    • case studies
    • presentations
    • projects
    • research papers
    • Peer group Interactions…etc
  • An MBA is offered a functional Role like:
    • Business Analyst
    • Marketing Manager
    • Public Relation Officer/Manager
    • Consulting…etc
  • It helps in gaining the practical knowledge for running a Business.

Personality development

  • The following factors contribute to the Personality Development during an MBA program from a good B-school:
    • The typical MBA class consists of people from highly diverse backgrounds i.e. engineering, law, science, literature, Experienced, freshers, etc.
    • Group assignments and projects
    • Outbound activities, like conducting research, attending conferences, paper presentations, etc.
    • English as language of communication due to people from different geography
    • Managing your tasks in short span of time is a daily thing.

Starting Your Own Business

  • An ideal MBA program helps you in becoming business savvy.
  • The first year of an MBA program gives you the idea of all the crucial business functions i.e. Finance, Marketing, Operations, IT, etc.
  • It also helps you to understand the Market Dynamics by exposing you the subjects like Economics.
  • The Case studies & Projects in MBA helps you in dealing with real work business problems.
  • Eventually, you can branch out as an independent entrepreneur: running your own successful business.

MBA Vs PGDM/PGPM

MBA

  • If a college is affiliated to / part of a University, it offers an MBA program.
  • Since most of the University are government owned, the fees of an MBA program will be much lower. However, an MBA program from private University (like Symbiosis, NarsinhMonjee, etc) will cost you more.
  • It has been observed that the pedagogy & syllabus of an MBA program from government Universities are mostly out-dated.

PGDM

  • If a college is not affiliated to / part of a University, but approved by AICTE, it can offer a PGDM program.
  • PGDM program are mostly run by private colleges and the fees are very high. (Avg Fees Rs. 10,00,000 for 2 years)
  • The pedagogy an syllabus are mostly concurrent as the college has the freedom to design their own curriculum.
  • The placements are mostly good for top B-schools offering PGDM.

Note: There is No difference between an MBA and a PGDM program, in terms of its value, if the college is highly reputed. Example: JBIMS vs. IIM A MBA Specializations

MBA Specializations

Following are the Core specializations offered in most of the B-schools

  • Marketing
  • Finance
  • Human Resource Management
  • Operations
  • Information Technology management
  • International Business

Some B-schools offers very niche specializations like:

  • Retail Management (K J Somaiya)
  • Media (MICA)
  • Rural Management (IRMA)
  • Family Business Management (Nirma, EDI)
  • Industrial Management (NITIE)
  • Banking Management (NIBM, Symbiosis)
  • Labour relations Management (XLRI)
  • Social Sciences (TISS)
  • Agri-Business management (IIM A, NIAM)

How to choose a B-school

One must consider the following aspects before choosing (or applying to) a B-scchool

Reputation of a B-school

Whether you buy a car or pursue your MBA – the Brand does matter. The Reputation of an institute is very important as it is going to remain with you for lifetime (considering that most people pursue MBA only once in their life). The reputed institutes have better Pedagogy, Faculties, Industry interface and Placements.

The learning during an MBA program is not only from the books or the lectures delivered by eminent professors, but also from your peer group in that B-school. Since most of the bright minds go for reputed institutes, the peer group learning will also be much better if you pursue your management program from a the reputed institutes.

The reputed B-schools also provide an environment and support system which nurtures the Entrepreneurs.

Rigourofthe selection process& Qualityof students

Why is the quality of the students at a given institute important?

  • Retail Management (K J Somaiya)
  • Your batchmates are often the best source of learning: Most institutes in India follow a case-based learning methodology which in turn depends on the quality of interaction one has with the peer.
  • Building the right networks: A couple of years down your MBA, your batchmates are going to be at key positions in the corporate world. It is important to create the right networks and good quality students have a higher chance of making it big in their careers.
  • Future Reputation: The quality of students eventually drives the image of the institute. And you are going to be known by the institute you went to for the rest of your life.

A top institute attracts the best students and the best students, in turn, gravitate towards the best institutes in the country. Thus, a good institute and good students have a symbiotic relationship. If the number of students who wish to join an institute increases, the selection process naturally becomes more difficult. As a rule of thumb, the quality of a b-school is directly proportional to the rigour of the selection process.

Programsofferedby the Institute

Many students also apply to institutes based on the programmes offered by them. Programmes offered can be classified into two categories:

General Management Programme (GMP)

Specialisation-based Programme (SP)

A General Management Programme gives a student the flexibility to join any sector and thus affords maximum diversification and placement opportunities as opposed to a specialisation-based programme. All the IIMs and most of the Ivy League schools offer this programme to students.

Some B-Schools offer programmes catering to a specific sector or specialising in a specific area. Institutes like XLRI (PM&IR), MICA, IRMA, and TISS, are the best in their respective sectors and students should have no reservation while applying to them.

Return on Investment (Fees Vs. Placements)

The single most important parameter in the selection of an institute would be the return on investment. We need to consider how much money (in salary terms) we can expect to make post an MBA from a given institute and how much money will be spent in acquiring the degree.

For example, if a student has an option of MMS from K.J.Sommayya and PGDM from K.JSommaya, s/he must opt for MMS as both the programs are equally reputed and provide equal opportunity for placements but for the MMS Program, being a University affiliated course, the fees are much lower than the PGDM program (which is a private program) …So, the return on Investment will be higher in MMS program

On the other hand, if a students gets admission in IIM A, s/he should not leave that just because the fees are close to 18 Lacs as the return on investment will be much higher in long run compared to other institutes.

Also, Financing one's management education is much simpler than it was in the past. If a student gets an offer of admission from the top B-Schools, he/she need not give up on account of the financial cost.

Selection Process

Following are the common stages of Selection Process of most of the B-school:

  • Written Test/Entrance Test (Like CAT, SNAP, CET, XAT, NMAT, etc)
  • Group Discussion (GD)
  • Personal Interview

In addition to above stages, some B-schools have following stages as part of their selection process:

  • Written Assessment Test (Essay Writing)
  • Psychometric Test
  • Case Study discussion/ Presentations

List of Good B-schools in India

In addition to above stages, some B-schools have following stages as part of their selection process:

Crème de la Crème

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A+

A

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B

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List of Prominent Exams

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