Master of Business Administration (MBA) is one of the best courses that offer career openings in multiple industries. Being a postgraduate course that can be taken up by undergraduates from any stream, this course is the most demanded course among both students and working professionals.
MBA courses serve as a life changer in the major student population by inculcating business administration and managerial skills. Due to its immense value, MBA is offered in various top colleges such as Cheran Arts and Science College, one of the best MBA colleges in Coimbatore and others.
This article is a complete insight into the MBA course meaning, eligibility criteria, admission, career scope, and much more.
| TABLE OF CONTENTS: ● Course Highlights ● Course Meaning For MBA ● Eligibility Criteria to Pursue MBA ● Admission Procedure for MBA ● Specializations Offered in MBA ● Top Colleges to Pursue MBA and their fees ● Career Scope for MBA ● Conclusion ● FAQs |
Course Highlights:
Master of Business Administration (MBA) is a course that is aimed at preparing candidates for a strong career in any field of business with its chosen specialization.
Know more about the course below:
| Course | MBA |
| Full Form | Master of Business Administration |
| Course Description | The Master of Business Administration (MBA) course is focused on inculcating business administration and management techniques, tactics, methodologies, and nuances for its implementation in future business platforms. This course prepares the students in various aspects that include handling the business efficiently and incorporates multiple life skills such as critical thinking, and decision making which are essential for the successful running of any business. |
| Level | Postgraduate Level |
| Duration | 2 years |
| Mode | Semester / Annual |
Course Meaning for MBA:
Master of Business Administration (MBA) is a postgraduate course that is being significantly offered at top colleges like Cheran Arts and Science College, one of the leading MBA colleges in Coimbatore and others.
This course is developed to educate administration and managerial skills over a course of time i.e., 2 years via a combination of traditional and modern teaching methods. Candidates grab a whole new level of knowledge about the business world and prepare themselves to appear successful in this MBA course.
Eligibility Criteria to Pursue MBA:
The basic eligibility criteria to pursue a Master of Business Administration (MBA) at any renowned college like Cheran Arts and Science College, one of the best MBA colleges in Tamilnadu and others are as follows:
- Candidates should have completed a UG degree in any stream from any recognized educational institution.
- Candidates should have scored at least a minimum of 50% aggregate marks in the UG degree.
The eligibility criteria are subject to variations based on your chosen college.
Admission procedure for MBA:
The admission procedure to any course is dependent on the chosen college.
The general admission procedure for MBA is provided either on a merit basis or an entrance exam basis.
Certain colleges like Cheran Arts and Science College, one of the best colleges in Tamilnadu for Arts and Science consider UG degree scores for merit-based admission.
Certain other colleges consider entrance exams such as MAT, CAT, SAT, GMAT, etc for admission to MBA courses.
Specializations Offered in MBA:
MBA courses at esteemed colleges like Cheran Arts and Science College, one of the top private colleges in Coimbatore and others are offered in numerous specializations.
Here is the list of some MBA specializations:
- Human Resource
- Finance
- Marketing
- Supply Chain Management
- Business Analytics
- Operations Management
- Hotel Management
- International Business
- Banking and Finance
- Systems Management
- Data Science and Data Analytics
- Sales and Marketing
- Healthcare Management
- Digital Marketing
- Information Technology
- Entrepreneurship
Top Colleges to Pursue MBA and their Fees:
As India is emerging into one of the business giants among the global countries, business education has got remarkable importance in India. As a result, numerous business education colleges have been established to provide impeccable business education.
Here are some of the top MBA colleges in India along with their fees details.
| Top colleges for MBA in India | Average Fees in INR |
| Cheran Arts and Science College | Around INR 50,000 |
| IIT Ahmedabad | 23,00,000 |
| IIT Bangalore | 23,00,000 |
| IIT Calcutta | 23,00,000 |
| IIT Delhi | 10,40,000 |
| IIT Kozhikode | 9,50,000 |
| IIT Lucknow | 10,05,000 |
| IIT Indore | 16,10,000 |
| National Institute of Industrial Engineering, Mumbai | 7,03,000 |
| IIT Madras | 4,00,000 |
Career Scope for MBA:
As the world today is speeding up with business advancements, the demand for business administration and management professionals is never-ending. As the business arena continues to expand, so does the demand for skilled managerial professionals. Therefore the career scope for MBA is vast all around the world.
MBA graduates are hired for a wide range of job positions in various top companies such as TCS, Infosys, IBM, Amazon, Microsoft, etc.
Let us take a look at different job positions that are available for MBA graduates:
| Job Roles | Average Salary in INR |
| Marketing Analyst | 4.53 LPA |
| Marketing Executive | 3 LPA |
| Sales Manager | 4.57 LPA |
| Human Resource Manager | 8.13 LPA |
| Talent Acquisition Specialist | 6.5 LPA |
| Compensation Manager | 5 LPA |
| Financial Analyst | 3.5 LPA |
| Accounting Manager | 4 LPA |
| Business Analyst | 4 LPA |
| Information System Analyst | 5 LPA |
| IT Strategist | 10 LPA |
| Software Manager | 15 LPA |
Conclusion:
Significant progression in the business world is ever happening, thus creating an expanded career pool. Master of Business Administration (MBA) pursued in the best MBA colleges in Coimbatore will be the fitting key to establishing your career in the business world.
FAQs:
- What is the average salary scale for fresher MBA graduates?
The average salary scale for fresher MBA graduates is INR 3 to 5 LPA. With experience, the salary scale can reach up to INR 25 LPA.
- Which stream in 12th is considered suitable for business management courses?
Commerce stream in 12th is considered suitable for business management courses. But students from all other streams can also pursue business management courses.
- Which MBA specializations are the best?
Some of the best MBA specializations are as follows:
- Marketing Management
- Human Resource Management
- Finance
- Information Systems
- Operations and Supply Chain Management
- What are the common entrance exams for MBA?
Some of the common entrance exams for an MBA are MAT, CAT, CMAT, and GMAT.
- Is MBA costly?
The cost of the MBA course depends on your chosen business college. Average MBA fees range from INR 2,00,000 to INR 24,00,000 for the entire course.
