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2022-12-27
The MBA course was originally conceived in the United States, where Harvard Business School launched the first Master of Business Administration in 1908.It was first devised to be a generalist degree designed to equip business professionals with the skills for business management across many industries.However much has changed since the early 20th century. Now B schools all over the world offer the program.
Based on the five categories above, the B schools in India offer different kinds of certification at the end of the MBA program. There are three main types:
MBA degrees
Post Graduate Diploma in Management (PGDM)
Post Graduate Program (PGP) certification
One distinctive feature of doing an MBA course in India is that recent bachelor's degree graduates with minimal work experience can enrol in MBA or PGDM programs.
Almost all B schools admit such students, with only a handful of schools, like the Indian School of Business (ISB), requiring candidates to have a minimum of 2 to 3 years of experience.
This is in stark contrast to MBA programs abroad, where all candidates are expected to meet a minimum experience requirement before enrolling.
A more difficult decision is whether to pursue an MBA degree or an equivalent qualification, such as PGDM or PGP.
Academically, PGDM/PGP programs are considered more practical and industry-focused when compared to MBA programs, which are usually more theoretical and technical.
However, when it comes to industry recognition and the job market, both an MBA and a PGDM/PGP are equal in the eyes of employers in India. What matters more is the
reputation of the business school.One place that an MBA degree may have an edge over its competitors is that MBA qualifications are recognized around the world.
Particularly if you study at one of the top MBA colleges in India, your qualification is likely to improve your chances of career success around the world.
Of course, how much you spend on your MBA degree is only one part of calculating your return on investment.You also need to consider your career opportunities post-MBA – particularly
when it comes to MBA salaries.Fortunately, a comparison of weighted average salaries (adjusted for purchasing power) of MBA graduates from all these top schools shows Indian programs
in a positive light too.The salary of an MBA graduate from Kellogg and INSEAD is ₹1.4 crores while from LBS and Stern is ₹1.3 crores.On the other hand, the average salary of an
MBA degree holder from ISB is ₹1.2 crores; at IIM Ahmedabad is ₹1.4 crores, and at IIM Bangalore it's ₹1.3 crores. This shows that when it comes to purchasing power,
MBA graduates from Indian business schools can easily compete with international students.
Although most prominent business schools outside India have a university affiliation and offer an MBA degree, things are slightly different at MBA colleges in India.
The more than 4,000 B schools in the country fall under one of five categories.
Those affiliated with public or private universities and falling under the University Grants Committee's (UGC) remit. This is the biggest group at over 3,600. Independent institutes approved by All India Council for Technical Education (AICTE), of which there are more than 300 Over 30 institutions governed by the Ministry of Education (MHRD) Institutes promoted by individual ministries A few autonomous institutes.
MBA Admission 2023 is done on the basis of an entrance exam in top universities. Candidates must sit for a national, state, or university level entrance exam such as CAT, XAT, etc
to seek admission to the MBA course for the academic year 2023-2025. MBA Admission 2023 is open in several B Schools such as IIM, XLRI, NMIMS, IBS, KSOM etc.
CAT is one of the most popular national-level MBA entrance exams to offer MBA Admission in India. CAT 2022 was conducted by IIM Bangalore to offer MBA Admission 2023 on November 27, 2022.
IIM Bangalore has released the CAT results on December 21, 2022, to offer MBA Admissions in India across top B Schools. XAT 2023 is a university-level MBA Entrance exam conducted
by XLRI Jamshedpur. XAT 2023 will be conducted on January 08, 2023, and the registration process is ongoing from August 10 - December 11, 2022. Registrations for other MBA Entrance
Exams for MBA Admission 2023 such as SNAP, NMAT, and IBSAT are also ongoing. The registrations for IIFT 2022 registrations have also been concluded on November 18, 2022.
MBA from IITs is done based on a valid CAT score. IIT MBA Admission is currently open in several IITs till January 31, 2023 and in IIT Jodhpur and IIT KGP till February 2023.
Candidates should score at least 50% aggregate scores from a recognized educational institute.
There is also 5% relaxation available for the reserved categories.
To get admission to the top MBA colleges, including IITs, and IIMs, a minimum of 60% aggregate marks is needed.
For specializations such as MBA Executive, colleges demand a minimum of 2 to 3 years of working experience from the candidates.
First, candidates can see the college they want to pursue and the entrance exam that it accepts.
Next, they need to apply for the entrance, sit for it and score past the cutoff marks to qualify.
Then, the applicants will be able to apply at the official portal of the colleges, with inserting their entrance exam scores.
A merit list will be issued on a particular date. If candidates find themselves on the list, they have to report being physically present at the college campus,
or also they can report online. Seat allotment will be done accordingly.
WAT- PI/ GD
Candidates who are shortlisted based on their merit in the entrance exams are finally selected for MBA Admission 2023 via a procedure that includes WAT, PI, and a GD round sometimes.
Candidates have to go through WAT or Written Ability Test at the IIMs, along with the PI round (Personal Interview).
In various IIMs, candidates have to go through the GD or group discussion round which takes place replacing the personal interview round
The WAT/PI GD rounds are then followed by a counseling session.
There are certain selection criteria at the business schools for MBA admission 2023. Candidates have to crack the entrance exams, followed by WAT, GD, and PL.
KOLKATA (West Bengal)
DELHI-NCR
PUNE
BANGALORE
MUMBAI
HYDERABAD
AHEMEDABAD
ORISA
OTHER'S
