Full Form of MBA: Master of Business Administration
What is MBA?
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.
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.
Some MBA programs:
- Human resources
- Applied statistics
- Business communication
- Business ethics
- Business law
- Business strategy
- Operation management
- Managerial economics
Top MBA program:
- MBA Finance
- MBA Marketing
- MBA HR
- 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
Top MBA Entrance Examination:
Few name of institute where MBA was first started:
|Name of the institute||MBA course category||Year of starting|
|Harvard graduate school of business administration||Master of Business Administration||1908|
|Massachusetts Institute of Technology||Management and leadership education||1930|
|University of Chicago Booth School of Business||Executive Master of Business Administration (EMBA)||1943|
|Thunderbird School of Global Management||Global Management||1946|
|The University of Western Ontario||Master of Business Administration||1950|
|University of Pretoria||Master of Business Administration||1951|
|European School||Master of Business Administration||1957|
|Korea University Business School||Master of Business Administration||1963|
|Athabasca University||Master of Business Administration||1994|
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:
- ICICI BANK
More Related Full Form:
|BBA Full Form||AIIMS Full Form|
|NCERT Full Form||Full From of Banking Terms|
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Frequently Asked Questions (FAQs):
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.