In recent years the demand for the MBA degree has tremendously increased. This is due to the robust growth in the business environment both nationwide and globally. In the former years the MBA Degree was limited to a single and generic specialisation. In recent years there are diverse courses offered within the stream of MBA and it is in a blended format that integrates working professionals and other people who cannot pursue the course in a regular mode. Unlike the traditional MBA , various other MBA programmes like the E-MBA or executive MBA require prior work experience.
In this Article,
- Types of MBA Programmes
- List of IIMs Offering EMBA
- Eligibility Criteria and Admission Procedure
- Benefits of Enrolling Yourself into an MBA Program
- Parameters to Consider before Choosing Your MBA Programme
Such types of MBA programmes enhance and mould the skills of students and equip them with all the necessary skills needed to upgrade their position in an MNC or to channel their career according to their aspirations and skills. There are prominent management institutions which have started to offer MBA programmes for working professionals and others. This article will give you an overview of the different types of MBA courses offered in India and the best colleges to pursue these courses from.
Types of MBA Programmes
There are a variety of MBA courses available in India, depending on the individuals’ flexibility. Candidates can select from the courses listed below that best suit their needs.
List of MBA Courses Offered in India
- MBA Programme: The MBA gives you basic management knowledge and expertise, simultaneously building a comprehensive grasp of management in areas of marketing, finance, and administration while also developing students’ leadership skills. An MBA can help you gain a better remuneration, improve your professional identity, and enhance your networking opportunities.The University Grants Commission has accredited and validated MBA programmes provided by higher education institutions around the country. The MBA is perhaps the most prominent postgraduate degree in the world.
- PGP Programme: The Post Graduate Programme in Management (PGP), is the premier curriculum offered by the Indian Institute of Management. The Post Graduate Programme in Management (PGP) offers a master’s degree in business administration (MBA). There are different MBA disciplines to choose from in India. MBA specialisations are available to students in a range of fields. The Post Graduate Programme in Management exposes young professionals to a multitude of perspectives and insights.
- PGDM Programme: The All India Council for Technical Education recognises B-schools/colleges that offer the PGDM. PGDM stands for Post Graduate Diploma in Management, and it is a professional diploma programme in business administration delivered by private colleges not associated with a university.
- Distance learning MBA: Off-campus classes are offered in distance mode MBA programmes. These programmes are available in a variety of modalities, which includes classes in the form of pre-recorded videos, live classes, hybrid classes etc.,
- Executive MBA: The Executive MBA (EMBA) is a professional graduate programme for working professionals. The curriculum might last anywhere from 12 to 16 months. Working professionals should pursue an EMBA because it focuses more on the finer points of business. EMBA students get the same MBA degree as full-time MBA students, but with the goal of advancing their current career.
- Part-time MBA: Part-time MBA programmes generally convene on weekends. For students who want to follow their dream of receiving an MBA, and who at the same time do not want to quit their job, a part-time MBA gives a flexible choice. Because lectures are held on Saturdays and Sundays, part-time MBA programmes are more flexible than full-time MBA programmes. Part-time MBA instructors are frequently on par with or better than full-time MBA instructors, therefore the learning experience is equivalent to a full-time MBA. While working full-time, a part-time MBA programme allows you to assess if your intended career advancement is in par with the industry demand and aids you in building the necessary skills. Part-time programmes usually span four to five years.
Eligibility Criteria and Admission Procedure
Every college or university has its own eligibility requirements.The eligibility criteria also differs for different types of MBA courses in india. The common eligibility requirements for a majority of the colleges are as follows
- Candidates must have 50% – 60% CGPA or equivalent in their undergraduate degree from a recognized university recognized by the government of India.
- Candidates from reserved categories have a relaxation of 5% in the graduation.
- Candidates must pass the entrance examinations like CAT, MAT, XAT, GMAT etc. prescribed by the universities .
- In case of candidates who are opting for an executive MBA, they need to have 2-8 years of work experience depending on the university norms
- Aspirants must have passed their 10+2 in any stream with a minimum aggregate of 60% marks from a recognized board.
List of IIMs Offering E-MBA
- IIM Bodh Gaya Management Development Programmes, MDPs
- IIM Calcutta – MBA PGPEX-VLM
- IIM Ahmedabad E- PGP
- IIM Raipur – Post Graduate Programme in Management for Working Executives
- IIM Ranchi- PGEXP
- IIM Kozhikode – Executive Post Graduate Programmes, EPGP
- IIM Trichy – EPGP Executive Post Graduate Programme in Management
- IIM Shillong – Master in Business Administration, Post Graduate Programme for Executives
- IIM Amritsar – Management Development Programmes, MDPs
- IIM Lucknow Post-Graduate Programme in Management for Working Executives
- IIM Jammu, MDP, FDPs
- IIM Rohtak – Executive PG Diploma Programme in Management
- IIM Indore – Post Graduate Programme in Management for Working Executives, PGPMX
- IIM Bangalore – EPGP
- IIM Kashipur – Management Development Programmes, MDPs
Benefits of Enrolling Yourself into an MBA Programme
- Improve the professional credibility: Doing an MBA degree will push you to explore new paths and ventures. It also equips you with the management skills and qualities required to thrive in the management industry. With credibility for your career also comes confidence. As an MBA Programme gives you real time exposure to the working environment. What you learned during your MBA journey is what is most important to employers, as it shows commitment and passion for your career. Gaining new knowledge and self-awareness builds your ability to confidently take on new challenges, both in classwork and your professional role.
- Flexibility: Unlike earlier times where management aspirants were forced to quit their jobs to pursue an MBA degree, the method of learning has changed in a drastic way today. MBA aspirants can pursue their management education from the comfort of their homes through online MBA programmes. Executive MBA programmes allow working professionals to pursue their MBA through weekend classes in hybrid models.
- Excel with industry required management qualities: An MBA degree equips students with all of the management qualities required to thrive in the industry. The corporate sector has a high demand for MBA professionals who possess managerial skills and qualities like leadership skills, communication skill, creative skills, collaboration, handling the
workforce seamlessly etc.
- Better remuneration and management of finances: An MBA degree provides better remuneration and job prospects . There will be no fear of job stability and security as MBA graduates are in demand in a large number of industries and there is no scarcity of jobs for MBA graduates. Students learn about finance, economics, human resource management etc. They get a strong grasp of financial management.
- Develop the professional network: The professional network that an MBA student creates during the programme and after they leave college is one of the most valuable aspects of the degree. These include people from both inside and outside your sector, and they’re often distributed around the globe, which can lead to future chances. Students make connections with experts in this field through the network of connections. They talk about their experiences and offer advice to learners on how to do things much better.
- Benefit from student exchange programmes, case-studies and internships: The course structure of an MBA Programme is effectively designed in such a way that students get ample amount of experience even before they set out into a professional career. The internships give them a real time experience of the working environment and how organisations function. Through case studies they get comprehensive insights of the past incidents and learn how to handle such challenging situations.
- Start your own dream company: This degree equips students with all the skills and abilities to start a company from scratch. The leadership qualities they have acquired throughout the programme will help them lead an organisation effectively.
Parameters to Consider Before Choosing your MBA Programme:
- Consider the length of your programme: Before enrolling into a programme, aspirants must gain a comprehensive understanding of the duration of the programme and the frequency of classes offered in Executive MBA programmes. This will help them sort their personal plans accordingly.
- Reputation of the institution : There are a number of MBA institutions which offer management education. But the quality of education is determined by the faculty and good name that the institution has gained over the years.
- Campus Life: Candidates must ensure that the college offers the best infrastructure and necessary amenities for students. Proper research must be done about the campus life and check if the basic needs of the students are met before enrolling themselves.
- Quality of the curriculum offered for online programmes and offline programmes: The diversity of the curriculum design utilised to integrate the possibilities of entrepreneurship and creative thinking is one of the most valued aspects of management education. Evaluate to determine if the educational techniques include research articles and research projects.
- Exposure through international exchange programmes: Through international exchange programmes candidates gain cross cultural understanding, experience about the international corporate environment etc. For candidates who wish to venture into the international setting, research on the options of international exchange programmes are necessary.
- Placements: Examine the past placements reports of the college and the participating organisations of the university. It will give you an overview of the job prospects that you can expect after graduation.
- Specialisations offered: The diversity of specialisations offered by the institution is very important as it will determine the preferred domain that you wish to get into. Pursuing an MBA in one specialisation and opting to get into a different domain is quite challenging. So candidates must make sure that the institution offers the desired specialisation according to the domain they wish to get into.