MBA in Business Management

A Master’s of Business Administration with a specialisation in Business Management, or simply an MBA in Business Management is a postgraduate degree programme that gives academic and practical instruction in business management and administration. An MBA programme is intended to provide graduates with a better understanding of general business management functions.

An MBA in Business Management course is a step up from a bachelor’s degree in Business Management and often places the graduate considerably above those with merely bachelor’s degrees. This programme is commonly offered by most major universities and colleges in India and lasts two years. To be admitted to an MBA in Business Management programme, an applicant must take the Common Admission Test (CAT) or any other entrance exam accepted by the business school, such as XAT, MAT, and so on, in addition to their previous academic performance.

MBA in Business Management programmes often contain core classes in Accounting, Management, Finance, Marketing, Business Law, and a variety of other subjects. Aspirants can also choose between a full-time MBA, part-time MBA, distance learning MBA, online MBA, executive MBA, and 1-year MBA programmes, all of which are designed to strengthen their skills in the field of Business Management.

Among the top MBA in Business Management colleges in India are IIMs, IIT Delhi, Xavier Institute of Management and Research, University of Hyderabad,BIBS Kolkata, NIMS University, and others. Candidates often pay between INR 2 lakhs and INR 25 lakhs for the course.

MBA in Business Management candidates have several job prospects in practically every industry or sector of the economy, both private and public. Graduates are also able to acquire the necessary knowledge and practices in their chosen area of study. Candidates are introduced to the corporate world and gain in-depth knowledge of the industry. Managers, Assistant Managers, Business Advisors, Business Analysts, Business Development Managers, Operation Analysts, and other job opportunities are available to graduates with this degree.

MBA in Business Management Highlights

All the important details about MBA in Business Management are given below:

Full Name	Master in Business Administration in Business Management
Short Name	MBA in Business Management
Level	PostGraduate
Field	Management
Duration	2 Years
Exam Type	Semester
Minimum Qualification Requirement	Bachelor Degree
Selection Process	Entrance Exam+ Scores in Bachelors’ degree
Average Initial Salary	INR 2 to 20 lacs per annum
Minimum Aggregate Score Requirement	50%-55%
Major Recruiters	Accenture, Capgemini, Deloitte, KPMG, Mckinsey and Company, Bain and Company, Grant Thornton

Why Study MBA in Business Management?

For many professionals, acquiring an MBA in Business Management appears to be the next natural step in their professional development. The advantages of an MBA are applicable regardless of your sector or field of expertise. However, given the time and money required, some people may wonder if it is worthwhile to pursue an MBA in Business Management programme. Let us look at some of the benefits of studying this degree in order to answer why one should pursue an MBA in Business Management:

A Better Understanding of the Global Market: Earning an MBA in this specialisation brings graduates in direct touch with students from all over the world, each with their own professional experience and perspective on the global economy. MBA students can broaden their understanding of various industries and sectors of the economy in India and internationally in addition to learning from academics.
Improving Communication Skills: Effective communication is a crucial skill that professionals must have in order to succeed. Communication may be considered a “soft skill” in comparison to “hard skills” such as building a P&L model, but it is no less valuable. An MBA in Business Management degree can help graduates refine their verbal and written communication abilities, allowing them to properly explain concepts to people at various levels of a business, ensuring everyone can work together toward a single objective.
Expand Your Professional Network: Earning an MBA degree definitely connects the graduates to a global network, giving them access to respected and clever people they might not have met otherwise. Aside from becoming a part of a larger community, graduates will have the ability to network with other professionals in the classroom and beyond.
Employment Opportunities Are Extended: In a highly competitive job market, an advanced degree might help an applicant stand out from the crowd. An MBA in Business Management can be useful in any business, from energy to consumer items to start-ups. Employers often look for candidates with an MBA degree specialising in Business Management to hire or promote because they have marketing and finance skills that others in the firm may lack. This enables them to get started right away with various initiatives and assist their firm increase earnings.
Better Time Management: Pursuing an MBA necessitates balancing extracurricular activities with a demanding academic load, not to mention other personal and professional commitments. Obtaining an MBA in Business Management can assist graduates in properly managing their time, which is not only a desirable ability among employers but also a valuable life skill.

Types of MBA in Business Management Courses

MBA in Business Management programmes, like any other MBA programme, are available in a variety of modalities and formats. Traditionally, a two-year full-time MBA has been the most popular choice among management aspirants in India; however, due to flexibility, various types of MBA degrees have grown in popularity in recent years.

Full-Time MBA: This is a two-year full-time MBA in Business Management programme. It is a residential programme that involves physical classes, live projects, semester-by-semester evaluations, a summer internship, and final placements.
Part-Time MBA: A part-time MBA in Business Management is not a residential programme and is best suited for working individuals who want to gain key managerial skills. There are no campus placement or internship opportunities in Part-time MBA programmes. Part-time MBA programmes are available at both private colleges and public universities.
Distant MBA: A candidate pursuing a distance MBA in Business Management degree does so through remote contact and correspondence. Because it is inexpensive and flexible, the course is ideal for persons with limited time and money. There is the option of finishing the course in 2-5 years.
Online MBA: Because of its ease and flexibility, this is currently the most popular mode of MBA programme. Lectures are delivered via video conferencing in an online MBA in Business Management, and notes, examinations, and assessments are exchanged via LMS. Because there are no physical classes in an online MBA, one can study in one city while living in another. There are also no attendance restrictions because the lectures are recorded and saved in the LMS.
Executive MBA: This programme is created specifically for working professionals with more than five years of experience. The curriculum is comparable to that of a full-time MBA in Business Management programme, however, it is shorter in duration (15 to 19 months).

MBA in Business Management Eligibility Criteria

Candidates applying for admission to BBA in Business Management must have satisfied the minimum eligibility criteria decided by the college. The eligibility criteria of MBA in Business Management is provided below.

Candidates must have completed graduation from any stream.
Minimum aggregate required for admission will vary for all the colleges. The average percentage requirement is 55%.

MBA in Business Management Admission Process

Admission to the MBA in Business Management will be done on the basis of their scores in the qualifying exam. Besides this, the colleges will also consider the performance of candidates in the entrance exam and personal interview while preparing the merit list. Selected candidates will then be called to confirm their admission and submit the required documents.

What is MBA Business Management Fees?

MBA Business Management is one of the most sought MBA courses to pursue and is offered by several top government-owned and private colleges in India. The fee structure of the course is decided by the institute and will vary from one institute to other. Students should research well before applying and select a college that best suits their budget. The top MBA Business Management colleges in India are given below along with the fees charged by them:

MBA Business Management Colleges	Average Annual Fees (in INR)
University of Hyderabad	85,000
IIM Indore	7,20,000
Xavier Institute of Management and Research	2,10,000
Lovely Professional University	2,62,000
IIM Calcutta	15,50,000
IIM Lucknow	9,50,000
Bengal Institute of Business Studies	3,08,000
Annamalai University	24,500
Acharya Nagarjuna University	44,100
Amity University	3,35,000

MBA in Business Management Salary

MBA in Business Management graduates are more capable of thinking logically in critical situations and addressing difficult challenges. MBA graduates’ salaries in India are, of course, directly proportional to their qualifications and experience. Furthermore, if graduates have the necessary skill set and are willing to stay current, their career is predicted to flourish indefinitely. With industries evolving tremendously and business perspectives shifting, the demand and scope for MBA for working professionals have shifted dramatically. Let us look at the average MBA in Business Management salary in India.

Popular Job Prospects	Average Starting Salary in INR (Per Annum)
Finance Manager	6-8 lakhs
Business Analyst	5-8 lakhs
Marketing Analyst	7-9 lakhs
Operations Manager	8-13 lakhs
Management Consultant	9-13 lakhs
International Business Manager	6-9 lakhs
Project Manager	6-12 lakhs
Business Development Manager	5-7 lakhs
Risk Manager	4-13 lakhs
Retail Manager	4-7 lakhs

MBA in Business Management Career Options and Job Prospects

There are ample of job opportunities available after MBA in Business Management. Major sectors for a job in Business Management are financial institutions, corporate houses, private jobs, banks, government departments, media and publishing. Candidates can choose to apply for a job which suits their experience and skillset. Besides this, they can also complete training in Business Management before applying for a full-time job. Some of the profiles available after an MBA in Business Management are:

Marketing Manager
Financial Advisor
Human Resource Manager
Financier
International Manager
Supply Chain Manager
Sales Manager
Brand Manager

Candidates can also choose any of the job sectors provided below:

Public Relation Firms
Media, publishing
Financial Institutions
Private Banks
Export-import Companies
Corporate Houses