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Update on
December 27, 2019

Do you know that according to leading global accreditation body AACSB International, India has largest number of B-schools and MBA programs in the world! Yes, that’s right. With more than 10,000 different MBA Courses offered by 3,500 B-schools and Universities, India’s is the largest MBA education market in the world. Indeed, given the large scale, there are many different types MBA Courses offered in India. But don’t worry. This article written by top MBA Education Expert at MBAUniverse.com will simply things for you and will help is selecting the right MBA course for you.

 

Before we go into details, let’s start with the basic question: What is MBA? MBA ka Full Form kya hai! Well, MBA full form is “Master of Business Administration”. Some institutes use the MBA full form as Master in Business Administration. In MBA colleges of Maharashtra MMS – Master of management Studies is used as the MBA full form. MBA is a specialized Masters Degree offered by MBA Colleges. MBA started in the United States about 100 years ago. MBA came to India in 1950s. XLRI Jamshedpur and IIMs are pioneers of MBA education in India.

 

Types of MBA Courses
There are different types of MBA Courses which can be classified based on duration, mode of study and target audience. Key types of MBA courses in India are:

  1. 2 Years Full Time MBA/PGDM courses offered by all the IIMs and all other MBA colleges in India
  2. One year MBA – A fast track full time rigorous MBA programme with the same content and curriculum as that of 2 years MBA
  3. Executive MBA- It is offered to middle or senior level executives who wish to groom their management skills. The course is offered with a shorter or longer time duration in the range of 2 to 5 years with once a week or weekend classes.
  4. Part Time MBA- Also known as Executive MBA for working professionals who do not wish to quit their job is completed in 3 years with flexibility of week end classes
  5. Distance MBA- Distance MBA is offered by many top MBA colleges to the candidates across the globe. The qualification to join the course is same as to the full time course but the candidate can attend the classes online, through distance learning. Program duration is 2 years or more.

You can click on links above to read about each of the MBA courses.

 

MBA Courses

 

Different Names of 2 Year Full Time MBA Courses
In India, MBA courses, and their equivalent programs, offered by the MBA colleges and B-schools are known by different names. So, while most IIMs and all Universities offer “MBA”, AICTE approved B-schools like XLRI and MDI offer “PGDM”. But don’t get confused. It’s not the name, but the Ranking, Curriculum, Pedagogy, Faculty and Placements determine how valuable the MBA course/ B-school actually is.

But its good to know four different types of MBA Programs in India.     

  1. MBA/PGP courses offered by IIMs: The courses offered by IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode and other 14 IIMs are MBA degree programs now. However, while some of the IIMs have changed the titles of their programs to MBA, others have kept them as Post Graduate Programs (PGP) in Management, although they award degree instead of diploma now.
  2. MBA Courses offered by University: The courses offered by University or University affiliated B-schools like FMS Delhi, IITs, NITIE, NMIMS University or Symbiosis University
  3. PGDM courses offered by private B-schools: XLRI, SPJIMR, MDI, IMI, IMT and hundreds of others offer PGDM courses which are MBA equivalent
  4. MMS courses offered by 300+ Maharashtra B-schools: JBIMS, SIMSREE, PUMBA, K J Somaiya, Welingkar, N L Dalmia among others offer University affiliated MBA courses which are known as MMS courses

MBA Core Courses
A typical MBA program is divided into “Core Courses” and “Specialization”. The objective of Core Courses (offered in 1st year) is to create the Foundation with good understanding of all the core business areas like Marketing, Finance, HR, Economics etc. MBA programs offer different Specialization areas (generally in 2nd Year) to increase Knowledge, Skills and Job prospects of candidates in the area of their choice.

 

Key Core/ Foundation Courses are:

  • Principles of Management
  • Business Strategy
  • Marketing
  • Human Resource Management
  • Finance
  • Managerial Economics
  • Accounting
  • Applied Statistics
  • Business Communication
  • Business Ethics
  • Business Law
  • Entrepreneurship
  • Supply Chain
  • Operations

MBA Specializations Courses and Subjects
Most of the MBA programs offer different Specialization areas (generally in 2nd Year) that candidates can take to increase their knowledge, skills and job prospects in the area of their choice. There are more than 50 different MBA specialization offered (based on Functions or Industry Sectors/Domains), but MBA Marketing and MBA Finance are the most popular MBA Specialization in India. MBA Human Resource (HR) and MBA International Business are also popular specializations. MBA in Business Analytics is a new but increasingly popular specialization. MBA subjects in the first year of the MBA courses are more or less same. In the second year the MBA course subjects become different depending upon the specialization opted by the students. Some of the top MBA colleges offer choice of MBA specialization in the first year itself and the MBA subjects  in such cases are as per the specialization offered.

 

List of MBA Courses and Specializations in India 
Key MBA specialization are:

  1. MBA in Marketing
  2. MBA in Finance
  3. MBA in Human Resources (HR)
  4. MBA in International Business
  5. MBA in Operations & Supply Chain
  6. MBA in Business Analytics
  7. MBA in Rural Management & Agri Business
  8. MBA in Family Business & Entrepreneurship
  9. MBA in Information Systems
  10. MBA in Production and Quantitative Methods  

You can read more about each of these MBA Specializations at the end of this article.

 

MBA Fee
The MBA fee in many top MBA colleges is very low, for example FMS Delhi has recently increased its fee from Rs.25 thousand to Rs.1.92 lakhs, IP University Delhi MBA fee is Rs.76 thousand only. The MBA colleges affiliated to Central Government or State Government universities have low fee structure as compared to private PGDM colleges, Private university affiliated colleges and IIMs.

 

The fee for JBIMS Mumbai is Rs.6 lakhs while the fee for SPJIMR, MDI, NMIMS, IMI, IMT is in the range of 17 to 21 lakhs. IIM Ahmedabad, IIM Bangalore, IIM Calcutta have high fee structure between 21 and 23 lakhs. Read More on MBA colleges fee in India

 

MBA Admission
MBA Admission process in any MBA college is a 3 step process. The first and foremost requirement to get admission in good MBA program is to apply, appear and score high in one of the MBA entrance tests, followed by final selection round and on the basis of your performance admission offer is made to you.

 

1st Step: MBA Entrance Test
There are 8-9 most preferred MBA entrance tests leading to MBA admission in top MBA colleges.

  • CAT conducted by IIMs, is the gateway to IIMs, FMS, SPJIMR, MDI, IMI, NITIE and 500 other MBA colleges.
  • Next most important MBA entrance exam is XAT conducted by XLRI which gives opportunity to get MBA admission in XLRI, XIMB, SPJIMR, IMT and 145 other MBA colleges.
  • CMAT conducted by NTA offers admission opportunity in more than 400 AICTE approved MBA/PGDM colleges in India.
  • MAT conducted by AIMA four times in a year, also offers MBA admission in 300 MBA colleges
  • ATMA conducted by AIMS is also a national level MBA entrance exam leading to MBA admission in 200 MBA colleges
  • NMAT conducted by GMAC is the MBA entrance test for admission to NMIMS and thirty other B-schools
  • SNAP conducted by Symbiosis international University is the MBA entrance exam for MBA admission in 16 Symbiosis institutes
  • IIFT conducted by NTA is a prestigious MBA entrance exam for MBA admission to 3 campuses of Indian Institute of Foreign Trade – Delhi, Kolkata and Kakinada
  • MAH-CET, state level MBA entrance exam conducted by DTE Maharashtra offers admission opportunity to JBIMS, K J Somaiya, SIMSREE, PUMBA and more than 330 MBA colleges in Maharashtra

2nd Step: GD-PI Round
After clearing the cut offs in the MBA entrance test, you are shortlisted for final selection round which includes Group Discussion (GD) and Personal Interview (PI). In many top MBA colleges you need to appear in Written Ability Test (WAT) along with the GD-PI.

 

3rd Step: Final Admission Offer
Based on your performance in MBA entrance exam, academics, GD-PI round and other parameters as decided by the MBA college, you are offered admission to the MBA program as per your merit position. Read More on MBA Admission 

 

MBA Specializations
Before you select any MBA specialization, it is important that you understand your strengths and interests. If you select any specialization like Marketing or Finance, you will study a lot of subjects and courses within the same area to become an expert on it. 

 

MBA in Marketing
The MBA Course in Marketing is offered by almost all the top MBA colleges. MBA in Sales & Marketing Management is one of the most preferred MBA courses opted by the students to get skills in the areas of Consumer Behaviour, Sales Management, Branding, Product Development, Market Research, Advertising & Communication, Services Marketing, Rural Marketing, Digital Marketing amongst others. Read more.

 

MBA Course in Finance
Managing the Assets, Liabilities and Cash-Flows of a company in the right manner has become a key business requirement. Hence, MBA Finance has become one of the most preferred MBA Specialization in India.

 

MBA Finance specialization can be achieved by study of following MBA courses: Financial Statement Analysis, Financing of Firms, Fixed Income Securities, Financial Modelling, Fraud Risk Assessment and Governance Mechanism, Risk Management, Management of Financial Institutions, Mergers, Acquisitions & Corporate Restructuring, Portfolio Management, International Finance, Private Equity & Venture Capital, amongst others. Read More

 

MBA in Human Resources Management
MBA specialization in HR has acquired the status of one of the preferred MBA courses in India.

 

XLRI Jamshedpur, TISS Mumbai and SCMHRD Pune are well known for their exclusive specialized MBA HR programs. In addition, almost all B-schools offering MBA HR courses in India. Attracting and retaining the best human resources at the work place has become a challenge and therefore the demand for candidates who have done MBA in HR is growing year after year in the corporate and industry.

 

MBA HR Specialization offers following different courses: Fundamentals for Human Resource Management, Organization Behaviors, HRM Planning, Employment Relations Laws, Bargaining and Negotiation Process, Employee Empowerment, HR Audit, Psychology of HRM, International HRM, Ethics and Morality. Read More 

 

MBA in Business Analytics
MBA specialization in Business Analytics is a comprehensive program that covers the latest analytics tools and techniques along with their business applications. The importance of MBA course in Business Analytics is consistently growing as the demand for the talent to analyse and demystify Big Data is going up year after year. Courses offered by IIM Bangalore and Great Lakes Institute of Management Chennai are regarded as the best in this area.  

 

Key courses and topics covered in the MBA in Business Analytics are Artificial Intelligence & Deep Learning, Multivariate Data Analysis, Optimization, Business Analytics and Intelligence, Business Forecasting, Supply Chain Analytics, Marketing Analytics, Social Media Analytics, Model-Business Decision, Digital Marketing Analytics, Research for Marketing Decisions among others. Read More 

 

Read more about other Specialized MBA Courses:

  • MBA in International Business
  • MBA in Operations & Supply Chain
  • MBA in Rural Management & Agri Business (Link)
  • MBA in Family Business & Entrepreneurship (Link)
  • MBA in Information Systems
  • MBA in Production and Quantitative Methods  

MBA Courses by IIMs in India
MBA Courses List in India offered by 20 IIMs include all the MBA courses offered by them. While top and older IIMs offer different types of MBA courses in different streams apart from flagship MBA courses, including doctoral courses in Management, new IIMs offer flagship 2 years MBA programmes called PGP or MBA after passing of IIM Bill 2017.

 

Besides, apart from MBA course specializations offered in the second year, some of the IIMs also offer specialized MBA courses in different streams like MBA in Food & Agriculture, MBA in Agriculture Business Management, MBA in Human Resource Management, MBA in Sustainability Management among others. Below is shared the list of MBA Courses offered by IIMs:

Name of the IIM offering MBA courses
List of MBA courses offered
IIM Ahmedabad
PGP, PGP-FABM, ePGP
IIM Amritsar
PGP
IIM Bangalore
MBA, MBAEM, MBAPM
IIM Bodh Gaya
PGP
IIM Calcutta
MBA
IIM Indore
PGP, PGP-HRM
IIM Jammu
MBA
IIM Kashipur
PGP, EPGP
IIM Kozhikode
PGP, EPGP (IIMK, IIMK Kochi Campus)
IIM Lucknow
MBA, MBA-ABM, MBA-SM
IIM Nagpur
PGP
IIM Raipur
PGP
IIM Ranchi
PGP, PGP-HRM
IIM Rohtak
PGP, EPGPX
IIM Sambalpur
PGP
RGIIM Shillong
PGP, PGPEX
IIM Sirmaur
MBA
IIM Tiruchirappalli
PGP, PGPM-HR, PGPBM
IIM Udaipur
MBA
IIM Visakhapatnam
MBA


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