RUBAN MAN

Always Optimistic

EDUCATION

THE DIFFERENT TYPES OF MBA DEGREES AND THEIR BENEFITS

Are you an undergraduate degree holder wondering how to fortify your career in the global platform with a lavish pay scale? Or are you the one who is slothing in a stooping job and yearning to upgrade your job profile to managerial levels?

If yes, it is time to vitalize your educational qualification with an MBA degree. MBA degree is the straight-hit road toward high-profile job roles in the business gallery of today’s world. What could be better for your future than pursuing an MBA at a top college like Arya College Jaipur?

Let this article be an eye-opener for you to know more about different MBA courses and their future prospects.

What is an MBA?

MBA is a very common talk word among the student community considering higher education after graduation. Technically describing, a Master in Business Administration(MBA) is a 2-year postgraduate management degree that can be pursued by students from any stream, say, medicine, engineering, arts, and so on.

MBA course centralizes on inculcating managerial skills along with academic knowledge in specialized fields. The prime focus of an MBA is to instigate managerial thought patterns in the students via practical divulgence into the universal business sphere.

The value of any degree multiplies when earned from reputed institutions and Arya College, one of the MBA colleges in Jaipur multiplies your MBA degree value with its educational implementation.

Admission procedure for MBA:

The admission procedure for an MBA degree varies from college to college. Certain MBA colleges in India provide admission on a merit basis while other colleges consider entrance exams for admission to MBA.

Merit-based admission10+2 & UG marks
Entrance-based admissionCAT/CMAT/GMAT/CET/NMAT score

Types of MBA degree and their benefits:

As an MBA degree is not confined to students, even working professionals from various backgrounds pursue MBA to accomplish their career goals. Globally, 24% of students of age 20-34 pursue MBA in their postgraduate studies while India accounts for 15.6% of it. Valuing the educational fire boom among people for MBA, educational institutions provide different types of MBA degrees that suit candidates from all walks of life.

Here is an overview of different types of MBA degrees at MBA colleges in India along with their benefits:

Types of MBAEligibility criteriaDuration Benefits 
Full-time MBAUG degree after 10+2 with 50% aggregate in UG.
Certain colleges provide 5% relaxation to reserved categories like SC/ST/OBC.
2 yearsStrong foundation in the management sector immediately after UG degree.Gaining excellent management skills.High practical exposure to the business field with seminars, industrial visits, group discussions, and so on.Paves way to high managerial roles with a large pay scale,
Part-time MBAUG degree after 10+2 with 50% aggregate in UG.2-4 yearsCandidates facing difficulty with the time slot of a regular MBA can study part-time MBASame course curriculum as regular MBA thus inculcating management skills.A key to managerial job roles.
Online MBAUG graduation2-3 yearsStudents unable to commute to study on campus will benefit from an online MBA.Course curriculum similar to regular and enhances management skills.
Distance MBAUG graduation2-4 yearsCandidates like working professionals seeking MBA for promotions can pursue distance MBA.Confined curriculum that supports candidates for job upscaling.
Executive MBAUG degree + 5-10 years of work experience15-18 monthsBeneficial for candidates with ample work experience to upgrade job positions.Incorporate only practical management training thus providing real-time experience in a shorter duration.
Integrated MBA10+2 with a minimum of 50% aggregate5 yearsCandidates who aspire to establish their career in the management sector only can benefit from an integrated MBA.Any UG degree supported with MBA will provide a clear view of management operations in respective fields.High managerial job opportunities in the desired field.
One-year MBAUG degree + 2-5 years work experience1 yearThe best choice for high-positioned candidates to upgrade their resumes in a short span.

MBA specializations:

Different colleges like Arya College, one of the esteemed MBA colleges in Rajasthan provide different MBA specializations. 

Below you can find the list of MBA specializations along with their course fee range:

MBA specializationsCourse fee(INR)
Marketing 7-20 Lakhs
Business Analytics5-15 Lakhs
Information Technology1.3-25 Lakhs
Project Management6-15 Lakhs
Banking and Finance0.8-25 Lakhs
Finance 4-20 Lakhs
Supply Chain Management50,000-30 Lakhs
Human Resources15-20 Lakhs
International Business50,000- 30 Lakhs
Operations Management3-27 Lakhs
Entrepreneurship 5-15 Lakhs
Hotel Management2-8 Lakhs

A few colleges like Arya, one of the MBA colleges in Jaipur with low fees provide MBA courses of different specializations with the aim of uplifting students.

Top colleges for an MBA:

Pursuing the desired course at the right college is the best way to reach your managerial job goals swiftly. Here is the list of top MBA colleges in India according to NIRF:

Top MBA Colleges in India
Indian Institute of Management(IIM), Ahmedabad
IIM, Bangalore
IIM, Calcutta
IIM, New Delhi
IIM, Kozhikode
IIM, Lucknow
IIM, Indore
Xavier Labour Relations Institute, Jamshedpur
National Institute of Industrial Engineering, Mumbai
IIT, Madras

Adding to these, there are many best private MBA colleges in Jaipur like Arya College that offer impeccable MBA courses.

Job scope after an MBA:

The penultimate reason for both students and working gigs to plunge into an MBA degree is the return it pays back by landing you in remarkable job roles both in India and abroad. Here are a few job roles that await you after pursuing MBA.

  • Project Manager
  • Finance Manager
  • Data Analytics Manager
  • Marketing Manager
  • Sales Manager
  • HR Manager
  • Operations Manager
  • Risk Manager
  • Supply Chain Manager
  • Administrative Officer
  • Management Consultant

Below down is a graph that gives an idea about the job scale of the above jobs in India and abroad:

Points scored

Here is a table that helps you analyze the pay scale for MBA graduates based on their specialization:

MBA specializationsAverage salary in India(INR)Average salary abroad
Marketing 8.49 LPA$ 91,000
Business Analytics8 LPA$ 126,000
Information Technology11 LPA$ 110,000
Project Management16.79 LPA$ 83,000
Banking and Finance6.78 LPA$ 73,000
Finance 7.5 LPA$ 98,000
Supply Chain management12.57 LPA$ 83,000
Human resources6.36 LPA$ 68,000
International business10 LPA$ 93,000
Operations management8.02 LPA$ 83,000
Entrepreneurship 8.83 LPA$ 72,000
Hotel management6 LPA$ 59,000

Conclusion:

The rate of employability of MBA graduates has increased gradually from 43.99% in 2015 to 55.09% in 2022 thus signifying the expanding job opportunities for MBA graduates worldwide including India. Various MBA colleges in India provide different types of MBA with various specializations thus encouraging people from different backdrops to take up the course. An MBA degree is surely a value-added mark for your educational profile. Consider it for your future career.

FAQs:

  1. What is the higher education option after MBA?

MBA graduates can pursue Ph.D. in their respective fields if they wish to.

  1. Who are the top recruiters of MBA graduates?
  • Amazon
  • HCL
  • Infosys
  • Wipro
  • Microsoft 
  1. Is it better to pursue BBA before MBA?

BBA students have basic knowledge in the field of business administration compared to other streams. But, it is not mandatory. Students from any stream can pursue MBA.

  1. Is GATE considered for MBA admission?

No, GATE is not considered for MBA admission.

  1. MBA course in semester mode or yearly mode?

Depending on the college, an MBA degree is either a semester or yearly mode.