MBA in Business Management

A Master’s of Business Administration with a specialisation in Business Management, or simply an MBA in Business Management is a postgraduate degree programme that gives academic and practical instruction in business management and administration. An MBA programme is intended to provide graduates with a better understanding of general business management functions.

An MBA in Business Management course is a step up from a bachelor's degree in Business Management and often places the graduate considerably above those with merely bachelor's degrees. This programme is commonly offered by most major universities and colleges in India and lasts two years. To be admitted to an MBA in Business Management programme, an applicant must take the Common Admission Test (CAT) or any other entrance exam accepted by the business school, such as XAT, MAT, and so on, in addition to their previous academic performance.

MBA in Business Management programmes often contain core classes in Accounting, Management, Finance, Marketing, Business Law, and a variety of other subjects. Aspirants can also choose between a full-time MBA, part-time MBA, distance learning MBA, online MBA, executive MBA, and 1-year MBA programmes, all of which are designed to strengthen their skills in the field of Business Management.

Among the top MBA in Business Management colleges in India are IIMs, IIT Delhi, Xavier Institute of Management and Research, University of Hyderabad, BIBS Kolkata, NIMS University, and others. Candidates often pay between INR 2 lakhs and INR 25 lakhs for the course.

MBA in Business Management candidates have several job prospects in practically every industry or sector of the economy, both private and public. Graduates are also able to acquire the necessary knowledge and practices in their chosen area of study. Candidates are introduced to the corporate world and gain in-depth knowledge of the industry. Managers, Assistant Managers, Business Advisors, Business Analysts, Business Development Managers, Operation Analysts, and other job opportunities are available to graduates with this degree

All the important details about MBA in Business Management are given below:

For many professionals, acquiring an MBA in Business Management appears to be the next natural step in their professional development. The advantages of an MBA are applicable regardless of your sector or field of expertise. However, given the time and money required, some people may wonder if it is worthwhile to pursue an MBA in Business Management programme. Let us look at some of the benefits of studying this degree in order to answer why one should pursue an MBA in Business Management:

• A Better Understanding of the Global Market: Earning an MBA in this specialisation brings graduates in direct touch with students from all over the world, each with their own professional experience and perspective on the global economy. MBA students can broaden their understanding of various industries and sectors of the economy in India and internationally in addition to learning from academics.
• Improving Communication Skills: Effective communication is a crucial skill that professionals must have in order to succeed. Communication may be considered a "soft skill" in comparison to "hard skills" such as building a P&L model, but it is no less valuable. An MBA in Business Management degree can help graduates refine their verbal and written communication abilities, allowing them to properly explain concepts to people at various levels of a business, ensuring everyone can work together toward a single objective.
• Expand Your Professional Network: Earning an MBA degree definitely connects the graduates to a global network, giving them access to respected and clever people they might not have met otherwise. Aside from becoming a part of a larger community, graduates will have the ability to network with other professionals in the classroom and beyond.
• Employment Opportunities Are Extended: In a highly competitive job market, an advanced degree might help an applicant stand out from the crowd. An MBA in Business Management can be useful in any business, from energy to consumer items to start-ups. Employers often look for candidates with an MBA degree specialising in Business Management to hire or promote because they have marketing and finance skills that others in the firm may lack. This enables them to get started right away with various initiatives and assist their firm increase earnings.
• Better Time Management: Pursuing an MBA necessitates balancing extracurricular activities with a demanding academic load, not to mention other personal and professional commitments. Obtaining an MBA in Business Management can assist graduates in properly managing their time, which is not only a desirable ability among employers but also a valuable life skill.

MBA in Business Management programmes, like any other MBA programme, are available in a variety of modalities and formats. Traditionally, a two-year full-time MBA has been the most popular choice among management aspirants in India; however, due to flexibility, various types of MBA degrees have grown in popularity in recent years.

• Full-Time MBA: This is a two-year full-time MBA in Business Management programme. It is a residential programme that involves physical classes, live projects, semester-by-semester evaluations, a summer internship, and final placements.
• Part-Time MBA: A part-time MBA in Business Management is not a residential programme and is best suited for working individuals who want to gain key managerial skills. There are no campus placement or internship opportunities in Part-time MBA programmes. Part-time MBA programmes are available at both private colleges and public universities.
• Distant MBA: A candidate pursuing a distance MBA in Business Management degree does so through remote contact and correspondence. Because it is inexpensive and flexible, the course is ideal for persons with limited time and money. There is the option of finishing the course in 2-5 years.
• Online MBA: Because of its ease and flexibility, this is currently the most popular mode of MBA programme. Lectures are delivered via video conferencing in an online MBA in Business Management, and notes, examinations, and assessments are exchanged via LMS. Because there are no physical classes in an online MBA, one can study in one city while living in another. There are also no attendance restrictions because the lectures are recorded and saved in the LMS.
• Executive MBA: This programme is created specifically for working professionals with more than five years of experience. The curriculum is comparable to that of a full-time MBA in Business Management programme, however, it is shorter in duration (15 to 19 months).

The MBA Business Management entrance exams are taken by students to get admission to MBA colleges in India. The percentile score will determine the student's eligibility to get into a particular college. There are several national and state-level exams conducted by different organising bodies that they can take. Several institutes also conduct examinations for MBA admissions. 

The students can either take the entrance tests first and then select colleges or they may follow the reverse technique and find out the requirements of specific colleges and apply for them. Here are some of the popular MBA Business Management entrance exams:

Candidates applying for admission to BBA in Business Management must have satisfied the minimum eligibility criteria decided by the college. The eligibility criteria of MBA in Business Management is provided below.

• Candidates must have completed graduation from any stream. 

• Minimum aggregate required for admission will vary for all the colleges. The average percentage requirement is 55%. 

MBA in Business Management Admission Process

Admission to the MBA in Business Management will be done on the basis of their scores in the qualifying exam. Besides this, the colleges will also consider the performance of candidates in the entrance exam and personal interview while preparing the merit list. Selected candidates will then be called to confirm their admission and submit the required documents. 

MBA in Business Management Entrance Exam

Most of the colleges accept the scores of some of the national level entrance examination while the rest of the colleges conduct their own entrance examination. Candidates can check the admission process of the college to know about the entrance exams accepted at the college. Some of the popular management entrance exams are CAT, MAT, XAT and CMAT.

Admissions for MBA Business Management are conducted through the direct method and entrance test method. While the direct admission method is quite easier and students are admitted based on their scores, the entrance-based exams require students to appear for management aptitude tests like CAT, MAT, GMAT, NMAT, XAT, SNAP, ATMA and IBSAT. Here is the process of getting admission for MBA Business Management: 

• Students must fill up the forms for entrance exams.
• They have to take the test on the assigned dates.
• After the cut-off scores are declared, the eligible candidates will be called for the next rounds.
• They will have to participate in group discussions, personal interviews and writing ability tests that will influence the final decision of the colleges.
• Lastly, once the final results are out, students have to pay the tuition fees and complete the formalities of the admission process. 

MBA in Business Management is a popular MBA specialisation that is offered by several government and private colleges in India. These colleges offer top-class education to students and placement guarantees. The table below contains some well-known MBA colleges for Business Management in India: 

Studying MBA Business Management abroad help students gain an in-depth understanding of the global business environment and train future managers, executives and business owners to make executive decisions. It puts a strong emphasis on leadership and business development and trains students to develop business solutions with little information. The course structure of these universities is quite similar and most of them put emphasis on experiential learning. Below is a list of colleges to study MBA Business Management abroad:

MBA Business Management is one of the most sought MBA courses to pursue and is offered by several top government-owned and private colleges in India. The fee structure of the course is decided by the institute and will vary from one institute to other. Students should research well before applying and select a college that best suits their budget. The top MBA Business Management colleges in India are given below along with the fees charged by them: 

Different areas of business-related activities are covered under MBA Business Management syllabus. It contains a range of quantitative and qualitative subjects that are geared towards a thorough understanding of business operations in a globalised economy. The syllabus includes economics, statistics, and international business along with core subjects that increase competency along with specialised subjects like corporate finance, business law and information systems. We are providing a detailed semester-wise syllabus for MBA Business Management specialisation. 

First Year

Second Year

The course curriculum for MBA Business Management is organised in a manner that would help to conduct, evaluate and present market research to support an organisation’s business decision-making. Students will be able to analyze the impact of the trade policies of an organisation on its human resources management strategies, policies, and practices. The course curriculum for MBA Business Management includes:

• Two years of study across four semesters.
• Compulsory internship with an industry partner in the third semester.
• Choice Based Credit System exam pattern.
• Viva Voce and Projects.
• Summer Training in the second and fourth semesters.

MBA in Business Management graduates are more capable of thinking logically in critical situations and addressing difficult challenges. MBA graduates' salaries in India are, of course, directly proportional to their qualifications and experience. Furthermore, if graduates have the necessary skill set and are willing to stay current, their career is predicted to flourish indefinitely. With industries evolving tremendously and business perspectives shifting, the demand and scope for MBA for working professionals have shifted dramatically. Let us look at the average MBA in Business Management salary in India.

There are ample of job opportunities available after MBA in Business Management. Major sectors for a job in Business Management are financial institutions, corporate houses, private jobs, banks, government departments, media and publishing. Candidates can choose to apply for a job which suits their experience and skillset. Besides this, they can also complete training in Business Management before applying for a full-time job. Some of the profiles available after an MBA in Business Management are:

• Marketing Manager

• Financial Advisor

• Human Resource Manager

• Financier

• International Manager

• Supply Chain Manager

• Sales Manager

• Brand Manager

Candidates can also choose any of the job sectors provided below:

• Public Relation Firms

• Media, publishing

• Financial Institutions

• Private Banks

• Export-import Companies

• Corporate Houses

MBA Business Management is an extremely in-demand course. The students after completing the MBA course will get a respectable job and earn a high salary. Business colleges offer direct placement opportunities to students that help them secure lucrative jobs. The starting salary for MBA Business Management is around INR 6 lakhs and it goes higher for students who have graduated from top MBA schools. The mid-level salary range is between INR 15-20 lakhs. Senior-level salary is around INR 25 lakhs per annum. The job designations for MBA Business Management and their expected salary are given below: 

To build a successful business career, it is necessary to complete MBA Business Management. This degree equips students to emerge as leaders in the business world and makes them successful executives or entrepreneurs. To do well professionally, they need these particular skill sets that will help them succeed. Here are the skills required for an MBA Business Management degree:

• Initiative: Students need to display their initiative and tackle tasks without being told to do so. It will help them to evaluate situations, identify issues, and take steps to address the problems. This is a valuable skill that will help them handle challenging situations at the workplace. 
• Time Management: Being able to manage time effectively is a crucial skill that students require for business management roles. They must be able to divide their time wisely and complete them within the assigned time. 
• Team Player: Collaborating with others is an important skill which every MBA graduate must learn. Being a team player means that you must be able to communicate effectively with other members of the team and must know how to resolve disputes and function harmoniously.
• Leadership: For a successful business career, it is necessary to have leadership skills that include the ability to deliver your ideas logically to others and persuade others to effectively handle tasks assigned to them. They must develop good connections with others and continuously receive feedback from members and accept their ideas. 
• Strategic Thinking: Strategic thinking skills such as problem-solving, planning and management skills can help to solve difficult or complex problems at work. Business management professionals need to apply these skills to handle short-term problems and meet long-term objectives.