Do you know what is the full form of MBA? The answer is that the full form of MBA is Master of business administration. MBA is a postgraduate degree program which is helpful for all those who want to pursue a career in business management. An excellent career is one of the biggest advantages of MBA.
Nowadays there is a lot of demand for MBA professionals in all multinational companies. You must have completed graduation for MBA course, without graduation you will not get admission in any MBA colleges. To get admission in one of the top MBA colleges, you need to appear for the MBA entrance exam.
Exams which include CAT, MAT, XAT etc. By the way, the duration of MBA course is of two years. That’s why today I thought that why not you should be given complete information about what is the full form of MBA, so that all the doubts in your mind will be removed. So without further delay let’s start.
Table of Contents
What is the full form of MBA?
The full form of MBA is Master of Business Administration. It was first introduced to the United States in the late nineteenth century.
It has so far evolved and emerged as an effective program that equips the students with the necessary knowledge about various strategies that can be practically implemented in the corporate world.
The benefits of MBA are immense and hence we are going to share complete details of MBA courses and best colleges for MBA.
M – Master’s
B – Business
A – Administration
What is MBA?
MBA courses from best universities for MBA provide in-depth training and equip students with the most essential skills to become successful leaders, managers and businessmen. full form of MBA
It not only includes core subjects or electives, but also a period of one or two years of conversation, teamwork, group discussion, and social interaction, in which students develop essential skills which plays a vital role.
What is the educational qualification for MBA?
Every MBA student must have certain educational qualification to pursue MBA course. If you want to do MBA, then it is mandatory for the student to have a graduation degree. For MBA admission, it is mandatory for the student to have secured minimum 50% marks in graduation degree. full form of MBA
In India, CAT and other MBA entrance exams are conducted by IIMs to get admission in MBA courses. However, many top NBA colleges are now offering admission to MBA courses without any entrance exam.
Skills Required for MBA Course
After completing the MBA degree, a candidate is expected to work as a manager for companies. To be successful, the candidate must have the skills and qualities necessary for leadership. Some of the essential skills for MBA aspirants are discussed below:
Managerial skills: A candidate with an MBA course must have the managerial skills required to handle multiple assignments and responsibilities. Good management skills are essential for successful management as a leadership role requires a person to perform multiple tasks. full form of MBA
Learning Skills: MBA is a degree program that requires students to stay updated with the latest professional developments. MBA degree requires the students to keep up with the learning level and stay updated with the latest business developments.
Analytical Skills: Apart from business, MBA curriculum also includes analytical skills. To make sense of the massive amount of data being collected by businesses, candidates must possess the necessary data interpretation skills. full form of MBA
Communication skills: Apart from being able to communicate clearly and confidently, candidates also need to have a good understanding of rules and regulations to effectively perform their duties. MBA degree requires students to have clear and concise oral, written communication skills. full form of MBA, full form of MBA
Decision-making skills: A successful MBA candidate should be able to take decisions according to the best interests of the business. An MBA candidate should be able to make decisions that are in the best interest of the company and its shareholders.
History of MBA
The MBA course was started in the United States by the Harvard Graduate School of Business Administration in the year 1908 with 15 employees, 33 regular students and 47 special students, along with America, this course gradually spread all over the world and today there are many MBA programs in the whole world. colleges will meet. full form of MBA, full form of MBA
Why choose MBA?
MBA degree is one of the most popular and sought after degree programs in the field of commerce, business and management. The MBA course offers various specializations that are accessible to all and can be pursued by freshers as well as working professionals. The average MBA salary for graduates in India from Tier-1 MBA colleges like IIM Ahmedabad, IIM Bangalore, MDI Gurgaon and FMS Delhi is around Rs 20 lakh per annum. There is a huge vacancy for MBA jobs in corporate and business organizations. Pursuing an MBA degree in India is a gateway to a host of job opportunities. full form of MBA, full form of MBA
MBA Course Details- Fees
Every candidate who thinks of doing MBA, this question definitely comes in his mind that how much money does it cost to do MBA. The MBA fee varies for each MBA college in India. Generally, private MBA colleges in India charge higher fees than government MBA colleges. The fee structure of MBA is decided on the basis of resources to be invested during the duration of MBA course such as hostel facilities, mess, study materials, student exchange programs and industrial visits.
However, the average fee structure for an MBA course for top MBA colleges like IIM, SPJIMR, MDI Gurgaon can be around Rs 20 lakh to Rs 25 lakh for the entire course. Additionally, other government MBA colleges in India charge a minimum average fee of around Rs 50,000 to Rs 4 lakh per annum.
What is the salary of MBA?
After doing MBA, it is often seen that at the initial level, the campus placement ranges between 1,20,000 to 2,50,000 lacs per month. The average pay after a successful MBA course from the best colleges for MBA is around 25 lakhs per annum depending on the experience and skills. If you join a multinational company or have done MBA course, then this package can be higher.
MBA Admission Process
Most of the time, admission in MBA is provided on the basis of entrance test in business schools in India. However, some of these schools prefer to conduct their own entrance test and give admission on the basis of marks. full form of MBA, full form of MBA
Admission in MBA on the basis of merit
Admission to MBA programs in private and public universities is based on the level of examination conducted by the respective state or national organizations. This MBA admission process is completely done on the basis of entrance test.
MBA admission based on entrance exam
All the eligible candidates who are interested in pursuing their career after completing MBA course in India need to qualify the entrance test depending upon the institute in which they are applying. The candidate also has to go through various screening and interview processes before getting selected. full form of MBA, full form of MBA, full form of MBA
National Entrance Exams: There are many entrance exams conducted at the national level for MBA admission. Some of the top national level MBA entrance exams are CAT, MAT, XAT, ATMA, CMAT, IIFT.
University Entrance Exams: Some reputed MBA colleges conduct various exams at the university level for admission to their students. Such university level tests are NMAT / NMIMS, CUSAT, SNAP, IPU CET.
Top MBA Colleges Conducting Entrance Exam
Various MBA colleges in India conduct several entrance exams for their students. Many MBA colleges in India accept many entrance exams depending on the eligibility criteria and admission requirement. full form of MBA, full form of MBA
|Indian Institute of Foreign Trade||IIFT|
|Woxsen School of Business||XAT|
Entrance exam in india for MBA admission
Many entrance exams are conducted every year for admission in government and private MBA colleges in India. Admission in top MBA colleges in India is done on the basis of score of this entrance exam and personal interview, some of the top MBA entrance exams are as follows:-
Many MBA colleges in India that do not conduct their own entrance exam, either give you direct admission on the basis of your graduation marks, or consider CAT or MAT score. full form of MBA, full form of MBA, full form of MBA
Common Admission Test (CAT)
Common Admission Test or CAT is one of the biggest management entrance exams conducted by any one of the IIMs for MBA admission in India. Top MBA colleges in India require students to appear in CAT exam to take admission in their institutes. Best colleges for MBA usually ask for CAT score at the time of admission. Candidates can find the relevant CAT details mentioned in the table below:
|CAT||CAT Selection Process|
|Cat Registration||CAT Cutoff|
|Cat Result||Cat Toppers|
Narsee Monjee Admission Test (NMAT)
NMAT exam is a university level management admission test conducted by GMAC on behalf of Narsee Monjee Institute of Management Studies. Candidates who qualify the NMAT exam followed by Group Discussion and Personal Interview are offered MBA admission in NMIMS. Relevant NMAT details are mentioned in the table below:
|NMAT Eligibility||NMAT Admit Card|
|NMAT Result||NMAT Preparation tips|
|NMAT Application||NMAT Cutoff|
Xavier’s Aptitude Test (XAT)
XAT is one of the most popular MBA Admission Test accepted by around 170 institutes for MBA admission. Some of the best colleges in India accept XAT scores. XAT exam is conducted by XLRI Jamshedpur to provide MBA admission in various types of MBA courses. The relevant XAT details are given in the table below:
|XAT Eligibility Criteria||XAT Exam Dates|
|XAT Admit Card||XAT Syllabus|
|XAT Exam Pattern||XAT Result|
|XAT Cutoff||XAT Preparation Tips|
|XAT Selection Process||XAT Application form|
Symbiosis National Aptitude Test (SNAT)
SNAP or Symbiosis National Aptitude Online Test is a national level online test conducted by Symbiosis University. Candidates who qualify the test along with Group Discussion and Personal Interview are offered MBA admission in any one of the 16 Symbiosis Colleges. The relevant SNAP details are mentioned in the table below:
|SNAP Dates||SNAP Syllabus|
|SNAP Eligibility Criteria||SNAP Application Process|
|SNAP Admit Card||SNAP Result|
|SNAP Cutoff||SNAP Selection Process|
Indian Institute of Foreign Trade (IIFT)
Indian Institute of Foreign Trade is considered to be one of the best colleges for MBA and conducts a national level annual entrance exam for admission to the three specializations offered by the institute. Candidates who qualify the test along with Group Discussion and Personal Interview are offered admission to IIFT, New Delhi. The respective IIFT details are given in the table below:
|IIFT Dates||IIFT Syllabus|
|IIFT Eligibility Criteria||IIFT Application process|
|IIFT Admit Card||IIFT Result|
|IIFT Cutoff||IIFT Selection Process|
Top MBA Specializations?
The MBA degree is designed to give exposure to the students in various fields of study. It is generally divided into two batches, one with a specialization and the other with a general management or business administration background. Generally, students are given the option to choose both core and elective subjects in the first and second year respectively. full form of MBA, full form of MBA
|MBA in Marketing Management||MBA in Finance & Accounting||MBA in Computer Application|
|MBA in Human Resource Management||MBA in Entrepreneurship||MBA in Communication and Media Management|
|MBA in Information Technology||MBA in Rural Management||MBA in Banking & Finance Management|
|MBA in International Business||MBA in Telecom Management||MBA in Pharmaceutical Management|
|MBA in Digital Marketing Management||MBA in Sustainability Management||MBA in Supply Chain Management|
|MBA in Telecom Management||MBA in Agriculture & Food Business||MBA in Disaster Management|
Top Government MBA Colleges in India?
Government MBA colleges in India are most popular among students and considered best in terms of ROI and placements. Candidates can check the list of top government MBA colleges in India in the table below:
|UBS Chandigarh||Aligarh Muslim University, Aligarh|
|FMS BHU||Bangalore University|
|IIFT Delhi||Department of Commerce, University of Delhi|
|Jamia Millia Islamia, New Delhi||Pondicherry University|
|LN Mishra Institute of Economic Development and Social Change, Patna||IIM Ranchi|
Top Private MBA Colleges in India
There are many private MBA colleges in India that offer MBA degree programs. These MBA colleges are known for their quality and reputation. Candidates can check the top private MBA colleges in India mentioned in the table below:
|GITAM Institute of Management, Visakhapatnam||Techno India University, Kolkata|
|Christ University, Bangalore||Doon Business School, Dehradun|
|MIT School of Management, Pune||School of Management, Dr DY Patil University|
|KJ Somaiya SIMSR||School of Business, UPES, Dehradun|
|SIIB Pune||MDI Gurgaon|
Which are the best MBA colleges in the world?
If you are looking for MBA courses from best universities for MBA which is internationally recognized, we have researched and found out the best MBA colleges across the globe.
|Stanford Business School, US||Harvard Graduate School of Business, US|
|The Wharton School at the University of Pennsylvania||London Business School, UK|
|MIT Sloan School of Management, US||INSEAD, Paris|
|HEC Paris||University of Chicago Booth School of Business, US|
|IE Business School, Spain||Columbia Business School, US|
The salary of MBA depends on the specialization chosen by the candidate. After MBA in India, the average salary can be around Rs 4,00,000 to Rs 32,00,000 per annum for the highest earning candidates.
|MBA Specialization||Average MBA salary|
|MBA in Finance||Rs 2,00,000 to Rs 14,70,000|
|MBA in Information Technology||Rs 10,000 to Rs 6,00,000|
|MBA in Human Resource Management||Rs 4,50,000 to Rs 15,50,000|
|MBA in Marketing||Rs 14,25,000 to Rs 20,43,000|
|MBA in Logistics Management||Rs 6,25,000 to Rs 8,50,000|
MBA Full Form FAQs
The full-form of MBA is Master of Business Administration.
The MBA course is of 2 years, in which students are provided with information about all aspects related to business.
An MBA graduate from a Tier-1 school and having the appropriate skills can easily earn between Rs 10 lakh to 15 lakh per annum.
MBA is a degree program that opens up various employment opportunities for students from different backgrounds in high job positions.
CAT, XAT, SNAP, CMAT, IIFT are the top MBA entrance exams.