Full Form of MBA, Career Options, Salary

The full form of MBA is Master of Business Administration. MBA is an internationally recognized degree course. It is designed for developing the skill which is required for a career in Business and management.

MBA is a most valuable, demanding, and popular post-graduation degree course across all over India and abroad also. In the early 20th century, the United States has organized MBA degree course. MBA is two academic year course. It has two modes of education these are regular and distance mode.

Full Form of MBA

Currently, the MBA is the most popular and professional degree courses in the world. There are more than 2500 MBA programs are available worldwide, most of the programs are offered in the English language.

In 1908 Harvard Graduate School of Business Administration started their first MBA course with 15 faculties, 33 number of regular students, and 47 number of special students.

But this minimum student had been increased quickly in a few years. In 1920 students admitted more than 300, in 1930 more than 1070 students. Only American Universities offered MBA courses at this time but other countries preferred that people learn their Business from their jobs or workplace.

MBA Programms

  1. Accounting
  2. Human resources
  3. Applied statistics
  4. Business communication
  5. Business ethics
  6. Business law
  7. Finance
  8. Business strategy
  9. Management
  10. Operation management
  11. Marketing
  12. Entrepreneurship
  13. Managerial economics

Top MBA Programms:

  1. MBA Finance
  2. MBA Marketing
  3. MBA HR
  4. MBA IT

Career after MBA and Salary

As we discussed above, MBA is the most popular post-graduate degree course. Many candidates are joining in various categories of jobs after completing their MBA course. A few categories of services are given below:

  • Product Manager – ₹ 15 lakhs per annum
  • Data Analytics Manager – ₹ 14 lakhs per annum
  • Project Manager – ₹ 13 lakhs per annum
  • Infrastructure Manager – ₹ 11 lakhs per annum
  • Marketing Manager – ₹ 10 lakhs per annum
  • Sales Manager – ₹ 10 lakhs per annum
  • Finance Manager – ₹ 9.6 lakhs per annum
  • International Business Manager – ₹ 9 lakhs per annum
  • Advertising Sales Manager – ₹ 8.5 lakhs per annum
  • Operations Manager – ₹ 7 lakhs per annum
  • Transport and Logistics Manager – ₹ 6 lakhs per annum
  • Human Resources Manager – ₹ 4 lakhs per annum
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MBA Entrance Exams

  1. CAT
  2. CMAT
  3. SNAP
  4. XAT
  5. MAT
  6. NMAT

Few name of institute where MBA was first started:

Name of the instituteMBA course categoryYear of starting
Harvard graduate school of business administrationMaster of Business Administration1908
Massachusetts Institute of TechnologyManagement and leadership education1930
University of Chicago Booth School of BusinessExecutive Master of Business Administration (EMBA)1943
Thunderbird School of Global ManagementGlobal Management1946
The University of Western OntarioMaster of Business Administration1950
University of PretoriaMaster of Business Administration1951
European SchoolMaster of Business Administration1957
Korea University Business SchoolMaster of Business Administration1963
Athabasca UniversityMaster of Business Administration1994

Top MBA Colleges in India

  • IIM Ahmedabad – Indian Institute of Management
  • IIM Bangalore – Indian Institute of Management
  • IIM Calcutta – Indian Institute of Management
  • IIM Lucknow – Indian Institute of Management
  • IIT Kharagpur – Indian Institute of Technology
  • IIM Kozhikode – Indian Institute of Management
  • IIM Indore – Indian Institute of Management
  • DMS IIT Delhi – Development of Management Studies
  • XLRI Xavier School of Management
  • MDI Gurgaon – Management Development Institute

MBA Top Recruiter

  1. TATA
  2. ITC
  4. Philips
  5. Nestle
  6. HDFC
  7. RPG
  8. BCG
  9. Wipro
  10. Microsoft
  11. Amazon
  12. Bajaj
  13. Mahindra
  14. Reliance

More Related Full Form

BBA Full FormAIIMS Full Form
MBBS Full FormBCA Full Form
NCERT Full FormFull From of Banking Terms
BPO Full FormB. Tech Full Form

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Frequently Asked Questions

Q1: Which is the best course in MBA?

Ans: Whatever the course offered MBA all are having specialization of bright future for students in the business management field. Best MBA course depends on the candidates and their interest. In India There are many best MBA courses which are (i) MBA in operations (ii) MBA in HR (iii) MBA in Finance (iv) MBA in Sales (v) MBA in marketing (vi) MBA in Information Technology.

Q2: How do I get admission in MBA program?

Ans: In India, the MBA admission process is complete with an entrance examination, group discussion, and interview. There are many colleges offering an MBA course by looking at candidate graduation scores only.

Q3: What is the duration of MBA courses?

Ans: MBA is a two academic year course. It is divided into four semesters. Also, it has a summer internship program after completing the first year.

Q4: What is the difference between BBA and MBA?

Ans: Bachelor of Business Administration or BBA is a three years’ graduation degree course while Master of Business Administration or MBA is a two-year post-graduation degree course.

Q5: What are the eligibility criteria for MBA?

Ans: Candidates must have a graduation degree from any recognized college or University. Many colleges are needed 50% of marks for general candidates and 45% of marks for SC/ST candidates.

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