What Is The Full Form Of MBA?

An MBA’s full form is Master of Business Administration. It's an internationally recognised postgraduate program/course that students can take if they want a career in business and management. It provides a holistic business education making it possible for anyone from any stream to pursue an MBA program.

It is a course offered by almost every top management college in India alongside IIMs. Students that pursue an MBA can apply to several different fields in the corporate sector. It is one of the essential degrees to have for any managerial-level job.   

[Also read: MBA eligibility]

What Is An MBA?

An MBA's full form is Master of Business Administration. An MBA degree is a two-year master's program that students can pursue from any undergraduate degree program. Furthermore, students can also choose to pursue MBA specialisations in areas like Business Analytics, Sales and Marketing, and Human Resource Management Information Technology.

Since it is a versatile degree, MBA students have no trouble finding jobs in any field. On average, they also gain higher salaries and have an easier time progressing in their careers compared to people that don’t have MBAs. 

MBA Course Overview

Here's the general overview of what you can expect from a 2-year MBA degree. 

Name Of The Course	MBA (Master of Business Administration)
Course Level	Postgraduate
Course Duration	2 Years
Eligibility Criteria	Candidates must have a Bachelor’s degree from any specialisation from a recognised board/institution with a minimum aggregate of 50% (In the case of IIMs, it is 60%).
Admissions And Entrance Exams	CAT (Common Admission Test) MAT (Management Aptitude Test) XAT (Xavier Aptitude Test) ATMA  CMAT  GMAT (Graduate Management Admission Test) NMAT
Top Colleges In India	IIM. MDI Gurgaon (Management Development Institute). FMS Delhi (Faculty of Management Studies). SPJIMR Mumbai (SP Jain Institute of Management and Research).  XLRI (Xavier School of Management).
Average Course Fee	Government MBA colleges: ₹50,000 to ₹4 lakh Private MBA colleges: ₹20 Lakh to ₹25 Lakh
Careers	Manager, Sales Manager, Marketing Manager, HR Manager
Average Salary	₹15 Lakhs Per Annum
Top Recruiters	Google, NTPC, Citibank, Wipro, Deloitte, ITC, Larsen & Toubro, Vodafone, Nestle, Microsoft, Flipkart,  Amazon, and PwC.

Types of MBA Programs

• MBA Full Time (2 Years)

This is a general MBA course that most students opt for, and it is probably the most popular among all types of MBA programs. It lasts an average of two years and is best suited for freshers with no prior work experience. 

To pursue an MBA program, you must take an entrance exam like CAT, GMAT, etc. In addition to these, you can also take exams at national, state and institutional levels. The only requirement is to complete your undergraduate program or are in your final year. 

To apply for international institutions, candidates must have at least three to five years of work experience, depending on the college. However, this isn't mandatory in most Indian colleges. 

• MBA Full Time (1 Year)

Like the two-year MBA, this is also a full-time master's program,  but it's offered at a much faster pace. A vital feature of this program is that it builds upon the candidate's prior work experience through key management concepts and disciplines. 

This program is best suited for candidates with 2 to 10 years of experience, with its average fee being slightly higher when compared to a 2-year MBA program. Freshers are generally discouraged from applying to this program. 

• MBA Part-Time

A part-time MBA is a three-year program that offers the same types of courses as a two-year MBA program. The only key difference here is that classes are usually held during weekends and after business hours, as most candidates that take this course are working professionals. 

• MBA By Distance Education

This correspondence course offers the same classes and courses as a two-year MBA. As a result, it's well suited for working professionals. In addition, it is much less costly than a regular MBA course while still offering the same benefits. 

• PGDM (MBA Equivalent)

This is not an MBA degree. It's a diploma equivalent to an MBA offered at most Indian universities. People often confuse a PGDM degree with an MBA. However, they are not the same.

MBA Entrance Exam Syllabus 

The specifics may differ depending on the MBA entrance exam. However, each MBA exam has a common list of topics and common MBA subjects that are asked every year. The exam syllabus is divided into five main sections.

Quantitative Aptitude	Number Systems LCM and HCF Percentage Calculation Profit and Loss Simple And Compound Interest Speed, Time, And Distance Ratio and Proportion Linear and Quadratic Equations Binomial Theorem Probability Geometry Trigonometry
Data Interpretation	Bar Graphs Line Graphs Pie Chart Tables Column Graph Venn Diagrams
Logical Reasoning	Arrangements Prepositions Data Arrangement and Puzzles Logical Sequence, Matching & Connections Number & Letters Series Clocks & Calendars Blood Relations
Verbal Ability	Grammar Usage Reasoning Sentence Correction Fill in the blanks Idioms Paragraph Summary Facts/Inferences Meaning-Usage Match Synonyms & Antonyms
Current Affairs And GK	Constitution Government Laws History/Geography/Economics World Leaders Science Trade States & Capitals World Summits Famous People & Achievements

MBA Program: Core Subjects And Electives

An MBA degree is divided into two parts. One part involves a core curriculum meant to build the candidate's foundation and skills from the ground up in several areas like marketing, Human Resources, operations, accounting, business economics, etc. The other part involves the student choosing specialised courses that interest them. These are called electives. 

MBA Core subjects

Accounting and Financial Management Business Economics Corporate Finance Human Resource Management Leadership and Entrepreneurship Management of Change Management Theory and Practice Managing for Sustainability Marketing Management Research Methods Strategic Management

MBA Elective Subjects

Systems and Processes Advanced Studies in Industrial Relations Auditing Business and Corporations Law Business Economics Communication in Business Corporate Finance Current Developments in Accounting Thought Customer Behaviour Financial Accounting Financial Markets and Instruments Financial Planning Global Marketing Human Resource Management ICT Project Management Integrated Marketing Communications International Human Resource Management Investments Analysis IT Infrastructure Management PG IT Management Issues IT Risk Management Leadership - A Critical Perspective Management Accounting for Costs and Control Management of Change Strategic Human Resource Development Taxation 1 Training and Development Environment

MBA Syllabus In India

MBA Subject In The 1st Semester	MBA Subjects In The 2nd Semester
Corporate Social Responsibility Microeconomics Principles of Marketing Management Principles of Accounting Tools and Framework of Decision Making Quantitative Methods and Statistics Business Communication and Soft Skills Organisational Behaviour 1	Macroeconomics Business Law Operations Management Optimization and Project Research Corporate Finance Project Management Marketing Management Organisational Behaviour 2
MBA Subjects In The 3rd Semester	MBA Subjects In The 4th Semester
Supply Chain Management Financial Modelling Strategic Management Business Intelligence Marketing Research Managerial Economics Corporate Governance and Business Ethics Corporate Finance 2	Internship Projects

Conclusion 

An MBA is a perfect course for anyone looking to diversify their skillset and portfolio. It's an internationally recognised postgraduate program. In addition, students can choose various specialisations under an MBA degree to further help them advance in their careers. If you're looking for MBA colleges, consider colleges powered by Sunstone.

Sunstone is a higher education service provider with a pan-India presence in over 50+ leading institutions and colleges. They offer industry-aligned training modules with dedicated placement support to help you secure your future.