MBA in Business Management

MBA in Business Management

An MBA in Business Management is a postgraduate degree that equips students with advanced skills and abilities in business management and leadership. This program provides students with a comprehensive understanding of basic business expertise like finance, marketing, accounting and general management with the core management skills. The degree is a stepping stone for those seeking to advance their careers in managerial and executive positions across various sectors.

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An MBA in Business Management is a postgraduate degree that equips students with advanced skills and abilities in business management and leadership. This program provides students with a comprehensive understanding of basic business expertise like finance, marketing, accounting and general management with the core management skills. The degree is a stepping stone for those seeking to advance their careers in managerial and executive positions across various sectors. 

An MBA in Business Management is a graduate program designed to equip students with the skills and knowledge which is important to excel in leadership and managerial positions in different industries in various sectors. The main topics that are covered in this course are operations, human resources, strategy and entrepreneurship. These topics provide a comprehensive understanding of how businesses function and grow. Students under this program develop critical skills like communication, problem-solving, decision-making and leadership. The key competencies that are important in today’s dynamic and competitive business environment. Many MBA programs offer specialisation options allowing students to tailor their studies to align with specific career goals such as international business, project management or sustainability. 

An MBA in Business Management often involves real-world case studies, internships and network opportunities, giving students practical experience and connections that can significantly boost their career prospects. One who aspires for advancement in their current roles, pivots to a new industry or starts their own business, this degree proves essential to them. Graduates typically pursue careers in management, consulting, corporate leadership, finance, marketing and entrepreneurship. In general, an MBA in Business Management leads to varied career prospects and instills a mindset focused on innovation, strategic thinking, and long-term success.

A minimum cumulative score of 50% or higher or an equivalent CGPA from an accredited university is required for admission to this program. For an MBA in Business Management students can have a bachelor’s degree in any discipline. Students must pass MBA entrance exams like the CAT, SNAP, XAT and GMAT to be admitted to the course. Most of the universities in India will accept these entrance exam scores to qualify students for admission. However, some of the colleges conduct their entrance exams to qualify students. After submitting entrance exam scores students must appear for group discussion and personal interview rounds to qualify for admission. 

MBA in Business Management jobs are available in both the public and private sectors. The course offers various career opportunities in corporate houses, multinational companies, banks, financial institutions and healthcare institutions, the automobile sector and many others. There are broader MBA Business Management job opportunities that can be pursued after completing the course from a reputed college or university. The scope of an MBA in Business Management is very high because of its increased demand.

The MBA in Business Management program is one of the most diverse in terms of job opportunities and higher education. Depending on their future goals, students will be able to find related work in their field or the appropriate course for future education. An MBA in Business Management graduate has a variety of options for employment or furthering their education. 

Highlights

Some of the most important features of the degree program named MBA in Business Management are mentioned below in the table such as course name, course level, duration and many other features. People interested in completing the degree program named MBA in Business Management can refer to the following information.

Particulars 

Details 

Course Name

MBA in Risk and Insurance Management 

Course Level

Postgraduate 

Course Duration  

2 years 

Entrance Exams

CAT, XAT, CMAT, NMAT or SNAP

Eligibility Criteria

Qualified bachelor’s degree with 50% or more

Admission Process

Merit-based or through entrance exams

The top college's average fees

14.13 Lakhs to 23.80 Lakhs

The top college's average salary

19.53 Lakhs per annum to 31.81 Lakhs per annum

Industry Type 

Finance, Consulting Technology

Top Recruiters 

Amazon, JPMorgan Chase, Deloitte, ICICI Bank, Morgan Stanley, Apple, BCG, Infosys, Wipro, Google, Reliance Industries Limited, Tata Consultancy Services, Accenture, Bain & Company, Cognizant, Microsoft, McKinsey, Goldman Sachs, Aditya Birla Group, A.T. Kearney, Citigroup

What is an MBA in Business Management 

An MBA in Business Management is an advanced business graduate degree focusing on management, business and entrepreneurship. MBA students are also specialized in other areas of business such as finance or risk management. Schools now mostly offer specialty majors for sports management, the entertainment or health care industry management.

Executive MBA provides existing professionals who are unable to attend a full-time program of study. The courses in an MBA may be part-time, online or international or full-time and all the courses usually have different admission requirements. 

A postgraduate course titled Master of Business Administration shortly MBA, is a program whose prime motive is to offer superior leadership and business skills to students to ensure smooth handling of business issues. The main goal of this program is to equip the students with an overall understanding of different functions in a business like finance, marketing, operations and human resources. An MBA in Business Management is a two-year program. MBA gives the students a hands-on learning experience with case studies, internships and group projects where they are placed in actual business scenarios to implement the lessons they have learned. 

Eligibility

The admission criteria for the MBA in Business Management are discussed below:

  • Students should have a bachelor's degree. This degree can be in any discipline from any recognized university. A 50% or equivalent CGPA or more passing percentage is needed for admission.

  • For students under the reserved category ( OBC/SC/ST) 5% relaxation is offered from the required 50% percentage. 

  • Students can apply in their final year after submitting a no-objection certificate from the principal of their college.

  • For top universities score of 60% or more is required for admission

  • A good score in the entrance exams is needed for those who wish to get admission to top colleges. 

Admission Process

The steps for the admission process for an MBA in Business Management are as follows:-

  • Students must fulfill the admission criteria mentioned above.

  • Few of the colleges/ universities have criteria that demand at least one year of relevant experience. Experience is important to understand management studies. The individuals can acquire the skills better for their advancement in the future.

  • Students need to pass entrance exams like CAT, XAT, CMAT, SNAP, GMAT and other private university-based examinations, depending on the requirements of different universities. Depending upon the cut-off or the score admissions will be provided in this course. 

  • All invited candidates must complete the online or offline admission form and attach all required papers, including their Aadhar card number, proof of address, proof of residency, grade sheets 10 and 12 and graduation grade sheet.

  • After clearing the entrance exams needed by the respective universities, students need to appear for the group discussion round and the personal interview round. These rounds are conducted to assess students’ communication skills and problem-solving abilities.  

  • The final selection in the universities is based on the overall score, which is calculated based on the entrance exam score GD/PI performance and work experience.

Subjects

An MBA in Business Management is the most desired and sought-after career among the youth of our nation because of its knowledge-oriented curriculum and fantastic career prospects. An MBA in Business Management career opportunity is one of the most coveted Post-Graduate qualifications in India. In preparing for various career entrance examinations students tend to get perplexed regarding the applications to colleges. 

Subjects 

Business Communication

Cost & Management Accounting

Digital Marketing

Information Technology Management

Financial Accounting

Human Resource Management

Entrepreneurship and Venture Capital Management


Quantitative methods

Micro Economics and Macro Economics

Strategic Management

Information Technology and E-Business

Supply chain management

Organisational Behaviour

Business Analytics

International Business

Corporate finance

Marketing Management

Legal Aspect of Business

Project Management


Production and Operations Management

Career Prospects 

Obtaining an MBA in Business Management tremendously improves career prospects in a wide range of industries and leadership positions. Graduates have strategic management, financial management, leadership, and analytical skills, which are most sought after in the competitive job market of the present day. One of the most prevalent career options involves management consulting roles, in which professionals guide organizations to become more efficient and profitable. 

Moreover, most go on to work in finance, marketing, operations, or human resources, frequently moving into mid-to-senior-level management roles shortly after graduation. The degree also provides access to executive leadership positions like Chief Operating Officer (COO), Chief Executive Officer (CEO), or Chief Financial Officer (CFO), especially for those who pair the MBA with work experience.

Entrepreneurship is another significant route, as the program provides the skills and knowledge required to establish and run a business successfully. Both multinational corporations, startups, and non-profit organizations alike are looking for MBA graduates who can tackle complex business environments. Additionally, the international network developed throughout an MBA program can lead to global career prospects and collaborations. 

In all an MBA in Business Management is a highly adaptable and valuable credential that can significantly fuel career advancement and provide access to a broad variety of professional opportunities. 

Colleges with specialisations in  Business Management / Specialised PGDM/MBA in Business Management - Fees

The table mentioned below gives a list of top B schools that offer the program Business Management. The table mentions the duration of this program in each college. It mentions the fee of the program, interested students may go through the table to get essential information about the programs and colleges.

College Name 

Program Name

Duration 

Fees 

XLRI-Xavier Labour Relations Institute, Delhi

PGDM–BM

2 Year

₹14.13 Lakhs  

XLRI-Xavier Labour Relations Institute, Jamshedpur

PGDM–BM

2 Year

-

MDI-Management Development Institute, Gurgaon

PGDM

18 Month

₹16.70 Lakhs

SPJIMR- S P Jain Institute of Management & Research, Mumbai

PGDM–BM

2 Year

₹22.50 Lakhs

XIMB-Xavier Institute of Management, XIM University, Bhubaneswar

MBA-BM

2 Year

₹23.80 Lakhs

IIM Tiruchirappalli- Indian Institute of Management, Tiruchirappalli

PGPBM

21 Month

₹14.50 Lakhs

IIM Bodh Gaya-Indian Institute of Management, Bodh Gaya

MBA (Digital Business Management)

2 Year

₹18.01 Lakhs

Chandigarh University

Global Business Management

2 Year

-

Colleges with specialisations in  Business Management / Specialised MBA/PGDM in Business Management : Average Package 

The table mentioned below gives a list of leading colleges that offer the program Business Management. The table also mentions the name of the program in each college and the average package. Based on the average package, interested students may decide which colleges to apply for. XLRI, Jamshedpur is the best private college in India that provides this program, it has an average package of ₹29.89 Lakhs per annum and the program is for 2 years.

College Name 

Program Name

Duration 

Average Package 

XLRI-Xavier Labour Relations Institute, Delhi

PGDM–BM

2 Year

₹20.04 Lakhs per annum

XLRI-Xavier Labour Relations Institute, Jamshedpur

PGDM–BM

2 Year

₹29.89 Lakhs per annum

MDI-Management Development Institute, Gurgaon

PGDM

18 Month

₹24.21 Lakhs per annum

SPJIMR- S P Jain Institute of Management & Research, Mumbai

PGDM–BM

2 Year

₹31.81 Lakhs per annum

XIMB-Xavier Institute of Management, XIM University, Bhubaneswar

MBA-BM

2 Year

₹19.53 Lakhs per annum

IIM Tiruchirappalli- Indian Institute of Management, Tiruchirappalli

PGPBM

21 Month

-

IIM Bodh Gaya-Indian Institute of Management, Bodh Gaya

MBA (Digital Business Management)

2 Year

-

Chandigarh University

Global Business Management

2 Year

-

Future Scope 

After completing a degree in MBA in Business Management future scope is bright and promising. The future scope is continually expanding as the world’s economy is driven by the dynamic nature of the global business environment. As companies nowadays seek professionals with a strong mindset and strong managerial, analytical and strategic decision-making skills MBA graduates are well-positioned to take on leadership roles across different industries. Nowadays with the rise of digital transformation, sustainability and the rise in the global markets future business leaders will need to handle the complex changes making the skills gained through an MBA more relevant than ever. Graduates can pursue careers in sectors such as finance, consulting, marketing, operations, human resources and supply chain management with many advancing quickly into executive or senior management positions.  

Additionally the program named MBA in Business Management inculcates entrepreneurial skills which fosters entrepreneurial thinking, empowering students to start and grow their ventures with confidence. As businesses primarily focus on innovation and data-driven strategies, MBA graduates will find growing opportunities in areas such as business analytics, technology management and international business. The degree also enhances global mobility which further allows the professionals to work in diverse markets and industries worldwide. Furthermore the professional networks and leadership skills developed during the program can open doors to long-term career growth, industry influence and personal satisfaction and growth making the MBA in Business Management a future-ready and high-impact qualification. 

FAQs

An MBA in Business Management is a postgraduate degree that equips students with advanced skills and abilities in business management and leadership.

The degree also provides access to executive leadership positions like Chief Operating Officer (COO), Chief Executive Officer (CEO) or Chief Financial Officer (CFO).

Some of the colleges that are best for an MBA in Business Management are XLRI-Xavier Labour Relations Institute, Delhi, XLRI-Xavier Labour Relations Institute, Jamshedpur, MDI-Management Development Institute, Gurgaon, SPJIMR- S P Jain Institute of Management & Research, Mumbai, XIMB-Xavier Institute of Management, XIM University, Bhubaneswar, IIM Tiruchirappalli- Indian Institute of Management, Tiruchirappalli, IIM Bodh Gaya-Indian Institute of Management, Bodh Gaya, Chandigarh University.

Some of the skills that are needed for business management are Leadership, Problem solving, Decision-making, Time management, Delegation, Financial Management, Negotiation, Conflict resolution, Emotional intelligence, Strategic thinking, Innovation, Marketing, Planning, Teamwork, Networking, Organizational skills, Communication skills, Project Management, Analytical skills, Budgeting.

Yes, the business management degree is worth it as the demand for business managers is on the rise in many industries and across various sectors such as healthcare, retail, finance, hospitality, banking and even small businesses.