Master of Business Administration
Master of Business Administration (MBA) is a two-year post-graduate master’s degree, there is a similar course name Post Graduate Diploma in Management (PGDM), although both have the same value but MBA is a degree in Masters while PGDM is a post-graduate diploma course. However PGDM is diploma course but has the same prestige as that of an MBA, it can be understood by the fact that the most prestigious business school of India award PGDM certificate, like all the Indian Institute of Management. Basically, the main difference between MBA and PGDM is that MBA or Master of Business Administration is a degree course that can only be offered by the colleges affiliated to universities, whereas PGDM or Post Graduate Diploma in Management is a diploma course offered by autonomous institutes.
MBA offers different specific courses of business administration such as:-
| • Finance | • Import & Export | • Advertising | • Supply Chain |
| • Infrastructure | • Product | • Materials Management | • Telecom |
| • Marketing | • IT & Systems | • NGO Management | • Textile Management |
| • International Business | • Business Analytics | • Oil & Gas | • Transport & Logistics |
| • Sales | • Healthcare & Hospital | • Pharma | • Forestry |
| • Disaster Management | • Digital Marketing | • Retail | • Public Policy |
| • Human Resources | • Business Economics | • Project Management | • Hospitality |
| • Energy & Environment | • Entrepreneurship | • Rural Management | |
| • Operations | • Agriculture & Food Business | • Sports Management |
Eligibility:-
The minimum eligibility to pursue MBA is a bachelor’s degree in any stream or in any subject. There are few college which seek minimum aggregate marks which falls between 45% to 60%.
Admission Process:-
• Usually two ways are there to get admission to pursue MBA first is on the basis of marks obtained in graduation. There are some colleges which give admission in their colleges on the basis of marks obtained in graduation, these percentage marks differ from college to college.
• Second way to get admission is by clearing entrance examination in JMI.
Most prestigious entrance test conducted at national level:-
• Common Admission Test
•Management Aptitude Test (MAT)
• Symbiosis National Aptitude Test (SNAP)
• Xavier’s Aptitude Test (XAT)
• NMAT by GMAC
• Common Management Aptitude Test (CMAT)
• Indian Institute of Foreign Trade (IIFT)
• MICA Admission Test (MICAT)
• ICFAI Business School Aptitude Test (IBSAT)
Entrance test conducted at state level for both government and private colleges:-
• Gujarat Common Entrance Test (GCET)
• University of Hyderabad’s CET (UOHYD)
• Cochin University Science & Technology (CUSAT)
• Karnataka Management Aptitude Test (KMAT)
• Rajasthan Management Aptitude Test (RMAT)
• Tamil Nadu Common Entrance Test (TANCET) etc.
Colleges\Universities conduct entrance test of their own:-
• Jamia Milia Islamia (JMI), New Delhi
• SRM University’s Management Test (SRMJEE)
• Banaras Hindu University (BHU PET)
• Kalinga Institute of Industrial Technology (KIITEE)
• University of Petroleum & Energy Studies (UPES-MET) etc.
Best Colleges:-
Top 15 Government colleges for MBA\PGDM:-
• Faculty of Management Studies, University of Delhi, Delhi
• Jamnalal Bajaj Institute of Management Studies, Mumbai
• Indian Institute of Management Bangalore
• Indian Institute of Management Ahmedabad
• Department of Management Sciences, Savitribai Phule Pune University, Pune
• Institute of Management Studies, Banaras Hindu University, Varanasi
• Maharaja Sayajirao University of Baroda, Vadodara
• University Business School, Panjab University, Chandigarh
• Jamia Millia Islamia, New Delhi
• National Institute of Technology Warangal
• Indira Gandhi National Open University, New Delhi
• Indian Institute of Management Lucknow
• School of Management Studies, University of Hyderabad, Hyderabad
• Dr BR Ambedkar Open University, Hyderabad
• Indian Institute of Social Welfare and Business Management, Kolkata
Top 15 private colleges for MBA\PGDM:-
• XLRI Xavier School of Management, Jamshedpur, Jharkhand,
• Management Development Institute, MDI Gurgaon
• National Institute of Industrial Engineering, Mumbai
• S.P. Jain Institute of Management and Research, Mumbai
• Symbiosis Institute of Business Management, Pune
• Great Lakes Institute of Management, Chennai
• NMIMS School of Business Management, Mumbai
• ICFAI Business School, Hyderabad
• T.A. Pai Management Institute, Manipal, Karnataka
• International Management Institute, Delhi
• Xavier Institute of Management, Xavier University Bhubaneswar
• KIIT School of Management, Kalinga Institute of Industrial Technology, Bhubaneswar, Odisha
• School of Management, BML Munjal University, Gurgaon district, Haryana
• Institute of Management Technology, Ghaziabad
• Alliance School of Business, Alliance University, Bangalore, Karnataka
Syllabus:-
The syllabus for MBA and PGDM is almost same however there is some difference but it is almost not considerable. Two year course id divided into four semesters which includes both theoretical and practical study in the form of projects and Internships.
Following are the syllabus for MMBA\PGDM semester wise:-
| Semester 1:- | Semester 2:- | Semester 3:- |
| •Corporate Social Responsibility | • Macroeconomics | •Supply Chain Management |
| •Microeconomics | • Business Law | • Financial Modeling |
| •Principles of Marketing Management | • Operations Management | • Strategic Management |
| •Principles of Accounting | • Optimization and Project Research | • Business Intelligence |
| • Tools and Framework of Decision Making | • Corporate Finance | • Marketing Research |
| •Quantitative Methods and Statistics | • Project Management | • Managerial Economics |
| •Business Communication and Soft Skills | • Marketing Management | • Corporate Governance and Business Ethics |
| • Organizational Behaviour 1 | • Organizational Behavior 2 | • Corporate Finance 2 |
| Semester 4:- | ||
| • Internship Projects |
Career Prospects:-
After liberalization and globalization, the demand for skilled people especially in business administration has increased many folds thus MBA\PGDM is today considered the most lucrative and demanding professional study. This course opens a wide range of opportunities as far as occupation is concerned. It opens a very good chance to go abroad too for better career prospects. Usually, profession depends on the specialized skill, knowledge, or training one has obtained while pursuing MBA\PGDM, such as those who have specialized in marketing, have different field of profession, for finance, there is a different field of occupation, for operation, there is different prospects, similarly different felid of study have different field of occupation.
Some of the specialization and related career prospects:-
Marketing:-
• Analytical Marketing
• Business Development
• Senior Research Consultant
• Quality Assurance Head
• Online Marketing
• Social Media Management
• Communications Director
• Logistics Head
• Brand Manager
• Media Planner
• Public Relations Manager
• Market Search Analyst
• Retailing Management
• Customer Relationship Marketing
• Advertising and Promotions Marketing
• Product and Brand Management, etc.
Finance:
• Financial Advisor
• Accountant
• Investment Manager
• Treasurer
• Hedge Fund Management
• Banking
• Financial Analyst
• Insurance Manager
• Investment Banking Associates
• Stock Broker
• Cash Manager
• Sales and Trade
• Asset Management
• Private Equity
• Insurance and Risk Managers
• Corporate Banking
• Corporate Finance, etc.
Operations:-
• Operational Manager
• Inventory Management
• Deputy Manager
• Manufacturing Consultant
• Products Analyst
• Logistics Head
• Plant Manager
• Warehouse Head
• Supply Chain Manager
• Consultant
• Inventory Control Manager, etc.
