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MBA / BBA
MBA / BBA Full Form, Course, Eligibility, Admission, Colleges 2024
MBA
(Master of Business Administration)
MBA is a two-year professional postgraduate degree programme that focuses on the principles of modern management, giving students a broad understanding of business while also building leadership and soft skills to put that knowledge into practise. The full version of MBA is Master of Business Administration.
The minimum eligibility criteria for MBA admission is a 50 percent bachelor’s degree (5 percent relaxation is possible in some MBA colleges), however major MBA colleges in India, such as IIM Ahmedabad, IIM Bangalore, and IIM Calcutta, require a minimum of 60%. After passing the MBA entrance exams, students must pass the GD/PI rounds.
What is MBA?
MBA stands for Master of Business Administration. The first MBA college was established in the USA in 1881 after a donation from Joseph Wharton which is now known as The Wharton School of the University of Pennsylvania. During the early 1900s only the universities of the USA provided MBA courses while other countries preferred to learn business on the job. The first College in Asia that provided MBA courses was set-up in 1953 in Calcutta and is known as The Indian Institute of Social Welfare & Business Management (IISWBM).
We have various types of MBA degrees available to the students of India. Students can go offer full time MBA, executive MBA. distance MBA, Online MBA or even 1 year MBA. Each of the types of MBA caters to different segments of the students with unique demands and problems.
- MBA is widely recognized as an international postgraduate degree.
- MBA helps students nurture their managerial and business skills.
- MBA course covers subjects ranging from accounting, management and developing skill sets which is required in both private and government companies.
Why MBA?
Students pursuing MBA have been on the rise for the last several years. Every year more than 2,00,000 students sit for the CAT Exam which is the most popular MBA entrance Exam in India. But why do students study MBA? What are the main advantages of doing this course
- Developing Management Skills: The MBA syllabus focuses on providing knowledge and case studies which help manage a firm or company. It includes accounts, financial management, leadership skills, marketing knowledge and much more.
- Specializations in MBA: MBA has various specialisations which helps students to focus on any particular segment of business management. MBA specializations include MBA Finance, MBA Hr, MBA Marketing, MBA Business Analytics, MBA IT etc.
- Placement and Salary: According to reports almost every student gets a hike after doing an MBA degree. Colleges provide placement opportunities to students where students get a chance to choose from their dream companies. The average salary after completing an MBA degree ranges from INR 7,00,000 to INR 9,00,000 which may rise to INR 15,00,000 to INR 20,00,000 depending on the college.
- Building Connections: Apart from the placement opportunities the college also provides a platform to interact with other students or alumni. These connections help students to get into the companies they like or get the salary they want. People leverage such connections to help each other in need.
- Entrepreneurial Opportunity: When students come from a business background or have gained enough knowledge about any particular industry they want to start business in then they have to use the knowledge provided by MBA to start their own business.
- Impact of Covid: Due to covid the importance of MBA is on the rise. All the companies are preparing for post covid business and due to various changes in workspace good managers are required to facilitate transition. With millions switching in this post covid world, good managers are becoming ever more important.
MBA Admission
MBA Admission takes place through MBA entrance exams which can be All India entrance Exams like CAT, MAT, GMAT or MBA entrance Exams conducted by Universities like SNAP, XAT, NMAT.
MBA Admissions are based on the group discussion and personal interview post the entrance exam for MBA. The institutes use GD/PI to examine each candidate’s attributes that cannot be measured by their academic score or admission exam result (CAT, XAT, CMAT, MAT, SNAP).
MBA Eligibility
MBA Eligibility criteria might vary from college to college, but the overall gist is the same.
- Students must complete their graduation. Students who are in the final year of graduation can also apply provided a provision certificate is submitted.
- Students must have a minimum of 50% in graduation in order to study MBA. Top institutes like IIMs and IITs ask for 60%in graduation.
- Students belonging to the reserved categories like OBC, SC and ST get 5% relaxation in the percentage asked in some MBA colleges.
MBA Jobs and Placements
The main purpose of doing an MBA Course is due to the high salary after Master of Business Administration. MBA Salary varies from one MBA specialization to the other. MBA Finance jobs have the most returns of INR 15Lacs to 20 Lacs per annum. MBA Internships are part of the course curriculum and it is mandatory. This helps students get valuable acquaintance with the work culture.
BBA
(Bachelor of Business Administration)
BBA Course is a three year undergraduate business management course that imparts managerial and entrepreneurial skills to students through BBA Subjects. BBA courses are available in various specializations such as Finance, Marketing and HR Management. Bachelor of Business Administration is availble to students from all streams like Arts, Science and Commerce.
BBA Full Form is Bachelor of Business Administration. As the BBA full form suggests, the BBA Syllabus is designed to impart adequate business administration skills to the students. BBA Subjects are Principles of Management, Macroeconomics, Human Behavior & Ethics at Workplace, Management Accounting, Banking & Insurance.
Who Should do BBA?
BBA course requires certain skills to pursue. Some of the BBA skills required are mentioned below.
- BBA degree is ideal for candidates who want to pursue MBA or get into the Management sector.
- Candidates aspiring to open their own business or become an entrepreneur can opt for the Bachelor of Business Administration.
- Passionate and Ethical individuals who are true to themselves can do this course and try their hand in business.
- The course helps one in understanding the market requirements and various global trends. This BBA skill is good for those who are thinking of entering the market sector.
Students who want to work in business administration and see themselves do an MBA Course over the course of time should definitely do this course.
Types of BBA
With the growing demand for BBA degrees, colleges across India have started catering different types of BBA to the aspirants. Apart from regular BBA, students have the opportunity to pursue Online BBA and BBA distance education.
BBA Admission Process
Students who wants to study BBA Degree can take admission in any BBA College. The admission process process are of two types-entrance exam based and direct admission.
- Direct Admission for Bachelor of Business Administration is based on the marks secured by the candidate at the secondary level (+2).
- Students from any stream with a minimum of 50% marks in 12th can apply for BBA admission in colleges and universities across India.
- The application process of these exams usually starts in the month of April-May every year.
BBA Eligibility
- Education Qualification: Candidates must have passed their class 12th examinations from any stream and a recognised board in order to be eligible for BBA course.
- Minimum Marks: Candidates must have at least scored a minimum aggregate of 50% marks in 12th. Some premier colleges ask for 60% marks.
- Age Limit: Candidates must be aged between 17 to 22 years for general category, and 17 to 24 years for reserved categories.
BBA Jobs and Placements
BBA Jobs include positions like Business Development Executive, Executive Assistant, Marketing Executive etc. BBA Salary ranges from INR 3 Lakhs to INR 7 Lakhs.
BBA scope of management courses is increasing day by day. On completion, there are great job opportunities in the industrial world. In the management sector you can reach the top designation, in a quick span of time. It opens a number of career paths in the future.
The initial package in India is around Rs. 2 to Rs. 3 lacs per annum after Bachelor of Business Administration.
IIRM Business School, Hyderabad
Admissions Open for PGDM 2024-26
INSTITUTE OF INSURANCE AND RISK MANAGEMENT, HYDERABAD
(A Joint Initiative of IRDAI and Govt. of Telangana)
“The Emerging Institute of National Importance”
“Industry-Oriented Transformational Learning”
Accreditations
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KEY HIGHLIGHTS
- IIRM is founded and self financed institution founded by IRDAI & backed by Government of Telangana
- IIRM is the centre of excellence of National repute, in line with IIMs in India with stringent policies & guidelines laid down by the government of India
- IIRM offered PGDM Program is planned with 130 Credits and can offer 3 Specializations
- IIRM with all its industry collaboration learnings, offers Marketing specialization & Operations which is in high demand
- IIRM students after its PGDM course completion are offered with high employability opportunities
Post Graduate Diploma in Management
(Full-Time | Duration - 2 Years)
Recognized by All India Council for Technical Education (AICTE), New Delhi
PGDM
with Dual Specializations
First Year (3 Trimesters)
- General Management Subjects
- Specialization in Core Subjects
- Industry Oriented Experiential Learning
- Learning & Development (L&D)
- Guest Lectures & Webinars
- Internship
Second Year (3 Trimesters)
- General Management Subjects
- Specializations
- Industry Acclimatization
- Project Work
- Guest Lectures & Webinars
- Pre-Placement Training
- Placement Process
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MBA and BBA FAQs
MBA or Master in Business Administration is a 3-years postgraduate degree course that deals with the study of fundamentals of Management Studies including marketing management, strategic management, business management and many others.
MBA salary in India varies depending upon the specializations in MBA, however the average MBA salary in India can be between INR 10 – 15 LPA.
Candidates who have completed their graduation in any stream with a minimum aggregate of 50% marks and have a valid score of any entrance exams such as CAT, GMAT, GRE, MAT, etc.
A 5 year MBA is an integrated MBA program which combines the study of both undergraduate and postgraduate programs of BBA and MBA in 5-years. A 5-year MBA program can be pursued after completing 12th.
To be eligible for MBA one must have completed their graduation in any stream with a minimum aggregate of 50% marks and have a valid score of any entrance exams such as CAT, GMAT, GRE, MAT, etc.
BBA means Bachelor of Business Administration and is a management course with a course duration of 3 years.
The average salary of a BBA graduate can range anywhere between 4.5 to 7 LPA
The basic eligibility for BBA admission is an aggregate of 55% marks in Class XII from a recognized educational board. However, some state universities (like the Delhi University) admit students based on their aggregate percentage in 10+2
BBA entrance exam is a basic management and aptitude test. Which means that the test would examine a candidate’s general aptitude and knowledge in management principles. Practising regularly for the test is a no-brainer. However, these following tips should be considered for better performance:
Clear quantitative approach – Most of the quantitative questions are Class X level. Therefore you must be familiar with the basic concepts, formulas and shortcuts.
Writing mock tests – Practicing sample question paper informs about the exam pattern in advance which therefore helps in formulating a strategy to attempt the BBA exam more effectively. Mock tests for NPAT, SET and other major BBA entrance exams can be found online at Collegedunia.com
Managing time – Time management is an important factor when you’re looking to attempt about 120-150 questions in nearly 2 hours. Prepare a time table and follow it religiously.
Reading newspapers – Reading newspapers regularly will help you to enhance your general knowledge skills. Questions related to the latest trends are usually asked in PI (personal interview) rounds.
Yes, maths is not a compulsory subject to take admission in BBA.
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