MBA Full Form: Exam, Admission, Courses, Colleges, Fees, Syllabus, Job
MBA FULL FORM
MBA Full Form is the Master of Business Administration. It is a very popular postgraduate degree in business administration for students who specifically want to grow and succeed in a career in business management. With time, it has become a very special as well as a very demanding course which allows you to get to work in various multi-national companies that helps in a better gain of exposure and value. Not just that it provides a holistic approach to education but it also allows us to get better learning skills and practical knowledge in various fields that enhance the chances of better remuneration gain in the future.
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What is MBA?
MBA is simply a business administration related degree that allows students to have a wider aspect of the real situations and business industries by applying the theory and applications learnt under the program. The duration of the particular program highly depends on the students’ preferences, one can opt for a part-time course, a one-year course or a full-time of two years course. Generally, the medium of education deliverance for MBA is English, which follows around the world.
What is MBA Course & Curriculum?
According to a very general aspect, a typical curriculum that is being followed by some of the top Business Universities in the world, students have to deal with a “core” coursework in six foundational areas: finance, accounting, marketing, leadership & teamwork, economic statistics and operations, and accountability and ethics. This allows them to get exposure to different fields and their specifications, which is common for all.
Later, the majority of students pursue a specialization in one of these foundational courses, so as to get a profound degree in the particular course that could help them do their prescribed job in a better way.
List of MBA Courses In India
Some of the very popular and foundational courses that are offered by the MBA Program Institutes in India are as followed:
- MBA in Marketing
- MBA in Digital Marketing
- MBA in Finance
- MBA in Human Resources
- MBA in Business Management
- MBA in Rural Management
- MBA in Disaster Management
- MBA in Information Technology
- MBA in Insurance
- MBA in Logistics Management
- MBA in Healthcare Management
A few top & best MBA Programs are those which are in actual demand around the time, such as Digital Marketing, Event Management, and Healthcare Management, etc.
Getting Admission to MBA Program
Taking admission to the MBA program varies from place to place and person to person. Typically, it follows by an Entrance test that must be followed by all in order to get selected for the same. Various types of tests which could be pursued are:
- National-Level Test is conducted by an apex body of management institutes within the country, under which many b-schools are also included, such as CAT (Common Admission Test), MAT & CMAT which is very popular amongst the masses.
- State-Level Test is conducted by a particular state on behalf of other institutes keen to participate in it, such as KMAT or MAH-CET.
- Institute-Level Test is particularly conducted by some institutes for their own academic admissions, such as XAT.
Admissions for international b-schools are available through qualifications of GMAT or GRE scores, which are followed by a Statement of Purpose, Letter of Recommendation, etc.
Difference between MBA & PGDM
Let’s demystify the MBA & PGDM Program.
Simply, MBA is a “degree” program that s offered by UGC Affiliation whereas PGDM is a “diploma” program that is offered by AICTE recognised business schools. Though, this difference doesn’t carry any weight in the corporate world.
Frequently Asked Questions (FAQ)
MBA is simply a business administration related degree that allows students to have a wider aspect of the real situations and business industries by applying the theory and applications learnt under the program.
Master of Business Administration is MBA Full Form.
MBA Entrance exams for admission are CAT, MAT, GMAT, XAT, SNAP, CMAT Etc.
Three of the most paid MBA specialisations include- MBA in Business Analytics, MBA in Finance and MBA in Entrepreneurship. The salaries for each of these disciplines broadly lie in the range of 70,000 USD to 90,000 USD or 60,00,000 INR to 90,00,000 INR per annum.
An MBA professional in India can earn a starting salary of Rs. 10-12 lakhs per year. The average starting salary for an MBA graduate in India is Rs. 9 lakhs per year.
Many graduates often wonder whether they can pursue an MBA after completing a Bachelor in Commerce degree programme or are worth pursuing an MBA. If you are wondering about this too, you should know that you can pursue an MBA course after completing any bachelor’s degree programme, not just B Com.
Benefits received by an IAS / IPS officer: An IAS/IPS officer can receive less amount of salary than his MBA graduate counterpart working in a multinational company. But one needs to agree with the fact that the former receive more when it comes to perks and benefits.