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 MBA COURSES

What is an MBA?

In today’s time, the job market is full of students who have the basic qualification, like bachelors, in their field of education. Though this is a great stepping stone to start a career and may even qualify students to be hired by various companies, it will not lead to much progress.
When it comes to hiring, companies prefer individuals who have completed a higher degree of course and are able to handle managerial level tasks. Hence doing a masters gives the student some credibility, and instill a sense of confidence in the employer that they are making the right decision in hiring you.
mba courses intro
The most respected course at master’s level which is sought after by employers is a Masters in Business Administration. The students of this course are considered to be well versed in the skills required to manage a business. This course has a well-developed syllabus structure in order to create professionals ready to tackle all situations in a business environment.
Master’s in Business Administration is a 2-year course (time period may vary) and is taught in most well-developed universities all over the world. The course is designed to teach students core subjects of business-like accounting and finance, along with managerial subjects like analytics and human resources.
Applying for an MBA course is fairly easy, as a background in any discipline qualifies you for it. Individual universities may have their own criteria for example GPA scores and previous work experience at the time of admission.
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Benefits of an MBA

Completing any form of master’s degree is beneficial to an individual. Following are some of the ways completing a Masters in Business Administration would benefit a professional

As a bachelor’s degree in any field of education, you have gained entry-level skills that will make you eligible to work for companies. However, individuals won’t be considered more complex tasks as they are not skilled enough to handle them. MBA students are considered as equipped with the tools to handle high-level tasks.

Many times, professionals, especially in a technical field, realize that they have opted for a career path which is not to their liking or may not develop into something fruitful. Master’s in Business Administration is a course that can help develop your full potential and also help you set on a path of career progress.

As a more professional with a higher skill set, you would be treated as a valuable commodity to the company. This would directly affect the salary and perks that a company would provide you with. An MBA degree can help you gain all these perks in your company.

Working at a high managerial post puts professional in contact with many people. A large group of these people are professionals well connected in their field of work. An MBA student can benefit from this network of professionals which couldn’t be created without a credible degree in hand.

Eligibility Criteria

  • Bachelor’s degree from an accredited institution or university
  • Minimum of three years of work experience, depending on your roles
  • Statement of Purpose
  • Resume
  • Letters of Recommendation (Professional as well as Academic)
  • Proof of English proficiency through IELTS/TOEFL
  • GMAT score over 650

Types of MBA :

mba courses types
Masters in Business Administration is a prestigious course which can help one develop into a well-rounded professional. Many people apply for this course in a year all over the world. in order to make it easier for the students, there are several ways in which one can pursue this degree depending upon the amount of time they can dedicate to the course.

Following is a description of the types of masters in business administration courses available

Full-time MBA course

This is the traditional way of pursuing a master’s in business administration and is the majority format in which an MBA is taught all over the world. The tenure of this type, of course, lasts for 2 years and requires students to be actively present in their classes.

Part-Time MBA course

As the name suggests, this type, of course, doesn’t require a constant presence by the student at the campus. This is a preferred way of education for individuals currently working or ones without work experience. Though the course covers all the essential topics, the time period of the course can very well-exceed to up-to 3 years.

Executive MBA course

This course is for people who have been in the game for quite some time. The course is targeted to professionals with a  lot of work experience under their belt, looking to enhance their skill set and resume. the course lasts only 1 year and the classes are generally conducted on weekends.

Distance /Correspondence MBA course

It is similar to a part-time course; however, you will not be attending any type of classes on campus. You will be provided with offline correspondence for your subjects and will be required for the examination in the end. This is a good option for students who do not have strong financial support.

Online MBA course

These types of courses have become famous with recent development in web and internet technology. The students of this type, of course, are provided with the material and lectures online and all correspondence is taken care of through a screen.

There are many types of MBA courses, each with their own advantage. Students may opt for the course that suits their conditions the most. However, students of full-time MBA courses are said to be equipped with the knowledge of the course better than any other course type. This is to do with the fact that full-time students are immersed in the course and interact with fellow students and experienced professors on a daily basis.

MBA specializations

mba courses specialization
Master’s in Business Administration is a course with a syllabus which covers a vast number of subjects. This course helps one become a more rounded professional, but many opt for courses which have a more focused syllabus on one aspect of business management. Following are some of the well-known specializations provided with Masters in Business Administration.

 1) Marketing

Businesses have always existed in order to sell certain goods or services to their consumers. In order to stay in business and remain relevant in the market, it is important to reach the correct consumers. Professionals taught in the field of marketing are equipped with the tools to create a correct strategy to reach the masses.

2) Finance

Finance is the study of the money system, shares and investment. Though businesses rely heavily on sales of their goods and services, a large amount of their economy revolves around smart investment. MBA in Finance professionals are taught market analysis and studying current trends in order to make smart and informed suggestions.

3) Human Resources

Masters in Business Administration is a managerial course which teaches individuals how to organise and lead a business. The most important resource that any business has on their side is the people who work for them. Individuals studying the subject of human resources have knowledge of managing a large number of people and have expertise in subjects like conflict resolving and compensation management.

4) International Business

In recent times countries have been able to forge meaningful bonds with each other, leading to opening their gates to trade. This globalisation has caused the need for individuals who understand global trade and laws. Students of international business are knowledgeable in these subjects, and many more, which makes them a valuable commodity for multinational corporations.

5) Information Technology

The advancement of technology has caused it to be used in every walk of life and trade possible. Businesses today rely on much-advanced software’s which help them gain information insight into today’s market. This has caused the need for professionals who are keen knowledge of business and computing. MBA specializing in information technology produces such professionals.

MBA course fees

mba fees
Master’s in Business Administration is a demanding course and can be only taught in well-established universities with world-class faculty and resources at their disposal. Therefore, it goes without saying that an MBA is an expensive course and one might have to shell out some cash in order to pursue this course.

The fees that you will be paying for the above course depends on many factors. Pursuing the course abroad will cost you more than national courses. Also, a full-time course is more expensive than a part-time course, however, it is more beneficial. If you plan on specializing in an extravagant field which requires special equipment, for example, information technology, it may cost you more.

Following is the fee structure(approx) for Master’s in Business Administration in some of the top colleges : 

University of Cambridge : $78628.15
London Business school – $65711.36 (first year)
University of Oxford – $80869.10
Harvard University – $106201.59
Columbia University – $86993.44
University of California (Berkeley) – $86993.44
New York University – $104392.13
Yale University – $96319.13
Duke University – $110377.27
Dartmouth College – $80451.53

MBA Courses Details

mba courses details
The idea behind the curriculum of Master’s in Business Administration is to create well-rounded professionals who are capable of tackling all the situations that are faced by someone in a managerial position. They have to be a jack of all trades and be able to handle all aspects, from accounting to human resources.

Following is a list of subjects that are taught in an MBA courses :

  • Principle of management
  • Business legislation
  • Business communication and information services
  • Accounting for managers
  • Financial management
  • Marketing management
  • Cost accounting
  • The economic environment of business
  • Strategic management
  • Business ethics and corporate governance
  • International business management

The above-listed course detail is an overview of what a standard Master’s in Business Administration course looks like. The course syllabus will differ based on the specialization opted for by the individual. The first semester courses would be more or less surrounding the concepts of business and management. The course will divert towards core subjects based on specialization from second semester onwards.

Most courses will require students to work as an intern in a company as part of their curriculum. Most other courses will require for them to complete a project to gain required credits.

Jobs after MBA

Master’s in Business Administration is a field of learning that can put you on the map for job hunters. As an MBA holder, you would be considered for many job titles, as the degree you hold makes you eligible for most managerial posts in a company. 
types of jobs after MBA
The company that would hire you would be heavily based on the specialization that you would have picked up when pursuing your master’s in business administration. Currently, the following specializations are in great demand

  • Finance

  • Marketing

  • Data analytics

  • Information technology

  • Private equity

  • Human resources

The following are some of the job titles that an MBA holder can be considered along with the average salary (in INR) that one might make

  • Operations manager – 7.97 lakhs

  • Human Resources Generalist – 2.94 lakhs

  • Marketing manager – 7.56 lakhs

  • Business development executive – 3.18 lakhs

  • Marketing executive – 3.05 lakhs

  • Business analyst – 5.96 lakhs

  • Financial analyst – 3.24 lakhs

  • Finance manager – 11.42 lakhs

  • Management consultant – 13.5 lakhs

  • Regional sales manager – 11.83 lakhs

Best MBA Courses List

Masters in Business Administration remains one of the most sought-after courses all over the world. There are many reasons attributed to this popularity. Its wide range of application in businesses all across the field and a platform for people seeking a career change are some of the main reasons.

This has caused many institutes, well-known and recently established, to add Master’s in Business Administration into their school’s curriculum. However, as this is a very demanding course, only a few have been able to produce well-rounded professionals in this field. Following is a list of top most MBA schools in the world as listed by the QS World Ranking

mba courses top schools - mit sloan

1: Stanford Business School (USA)

2: Harvard Graduate School of Business (USA)

3: The Wharton School, University of Pennsylvania (USA)

4: London Business School (UK)

5: MIT Sloan School of Management (USA)

6: INSEAD, Paris (France)

7: HEC, Paris (France)

8: Booth School of Business,

9: University of Chicago (USA)

10: IE Business School (Spain)

11: Columbia Business School (USA)

Conclusion

Master’s in Business Administration is a demanding course and would require all of one’s attention and hard work in order to complete it. But it is the best bet in making a career path for you that leads all the way to the top.

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