MBA Handbook

MBA Handbook

Basic pre-MBA Queries

Prepared By: Nihit Jain

Email: [email protected]

Important

I’ve made every effort to present exhaustive information about pre-MBA queries in this handbook. Extreme care was taken to maintain absolute clarity; however, ambiguities, if any, are unintentional.

I heartily welcome your suggestions to enhance the handbook--your feedback will be appreciated.

Thank You. Nihit Jain

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Appendix

MBA – Master of Business Administration

MMS – Master of Management Studies

MMM – Master of Marketing Management

MS – Master of Science

MA – Master of Arts

CAT – Common Admission Test

XAT – Xavier Admission Test

SNAP - Symbiosis National Aptitude Test

IBSAT - ICFAI Business Studies Aptitude Test

NMAT - NMIMS Management Aptitude Test

MAT - Management Aptitude Test

M-CET – Maharashtra Common Entrance Test

GCET – Gujarat Common Entrance Test

ICET - Integerated Common Entrance Test

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Content

Introduction

Masters- MBA- MMS

Post Graduate- PGDBA- PGP- PGDBM- PGDM

Structure of Program- Full Time- Part Time- Distance Learning- Executive Program

Specializations

Entrance Exams- CAT- XAT- SNAP- IBSAT- NMAT- MAT- IIFT- State Entrances

Institutes in India

Colleges based on Specialization

General Admission Procedure

Wrapping up

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References

Introduction

Masters in Business Administration (MBA), a master's degree in

business administration, has gained widespread recognition in India.

Traditionally, MBA programs in India have predominantly targeted

fresh students without any work experience. The MBA degree has

become one of the most popular masters' degrees, and has since

achieved worldwide recognition. Management education in India is

growing at a rapid rate. It is not only considered good education, but

most see it as a platform for high-paying jobs. The perception of a

management education goes far beyond mere academic education or

research education. Applying and beginning your career through

management education is not really the toughest task as on date.

What keeps this tough is the decision to be made while choosing the

right college. Which is the right college?! What are the parameters in

judging the right college?! Who will tell me if a college is good or bad?

This handbook may not help you in choosing a pre-determined college,

rest assured, it will help you make your decision and guide you till you

reach the class room of your dream college. Getting into management

education is very simple, but choosing the right college is very

difficult. Not all MBAs are paid well. Doing MBA from right institute is

most essential and getting admission into that is the challenge.

 MBA is rewarding--if done from the right institute.  Before recession,

during recession and I'm sure even after recession this 3 letter word

will continue to attract each one of us: at least the aspirants. There

are lot aspirants who still have many unanswered questions. This

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handbook sincerely hopes to answer all of your questions--well almost

all. Anyone can pursue MBA, but the inputs gained during the course

are rewarded.

Let’s get started!

What this book will cover --

-          What is MBA all about?

-          Why should we consider pursuing MBA?  

-          What would be best MBA SPECIALIZATION?

-          Which college should I aim for?

-          Should I consider pursuing a full time program, Part time

program or distance learning MBA?

-          What is an Executive Program?

 This handbook answers all the above questions and more. I hope after

reading the handbook, most aspects of Management education i.e.

MBA in India will be clear.

To begin with, CAT (Common Admission Test) is not the only entrance

exam for MBA. This handbook covers not only details on other exams,

but also details of the score trend the various institutes follow. This

handbook will not predict the scores or justify the scores; rather it will

only give the readers an overview of the trend in order to help the

readers make clear judgments.

Further, people are normally confused in selection of the Institutes

and the exam that they need to appear. In order to facilitate the

students, I thought to capture the same along with few institutes

which accepts these scores.

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 Let us start with the basic difference…

What is an MBA?

Masters in Business Administration --- is a master’s degree offered by

selected institutes. The remaining offer Post graduate Diploma.

Masters

Master degree is provided by a university. This degree is further

categorized as MBA and MMS. There is hardly any difference between

the two. MBA stands for Masters in Business Administration whereas

MMS stands for Masters in Management Studies. The

colleges/institutes associated with Mumbai University admit students

under M-CET provide degree of MMS.

Deemed universities (status of autonomy granted by UGC) are also

recognized to provide MBA degree under their banner.

Broadly Masters Degree is divided into two parts.

- MBA

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- MMS

But with the introduction of new courses few other Master degrees

are MMM, MS, MA. These are further Management degree but

different specialization. Such as MA can be considered as Master of

Arts but when it is done from TISS, they have various specialization

such as disaster management, Human Resource Management and

Labour Relation, etc which is well renowned and of top quality.

Post Graduate

Post Graduate Degree is provided by autonomous institutes. In terms

of academics there is no different between PG and MBA. The

difference is only of the banner under which the degree is provided.

Both the degrees are recognized, provided an approval is granted by

UGC, AICTE.

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Post Graduate is further classified as below:

- PGP stands for Post Graduate Program

- PGDBM stands for Post Graduate Diploma in Business

Management

- PGDBA stands for Post Graduate Diploma in Business

Administration

- PGDM stands for Post Graduate Diploma in Management

As such there is no difference between any of these programs yet they

are named differently. The content of these courses is similar. Also the

pedagogy of teaching is almost similar. The pedagogy might differ

only to some extent depending on institute to institute.

Structure of Program

MBA/PG programs in India vary depending on the structure of the

program. The duration of the program is based on which type of

program we choose.

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Full-time Program is of two years. This is basically preferred by fresh

graduates and working professionals who are keen grow. Full time

program is considered to be the rigorous with hectic schedules. These

guys hardly get time to sleep.

Part Time Program is done by working executives. In order to pursue

the Part time program one needs to have minimum two years of work

experience and the duration of the course is three years.

Distance Learning or Correspondence MBA is generally preferred by

working executives. The basic idea behind pursuing distance MBA is

to add value in the resume so as to help in raising the ladder in

professional career.

Executive Program is a new approach to career development. This

program needs a minimum of two years work experience. Further

minimum work experience differs from one institute to other. In some

case it can be as high as 7 years.

Specializations

Specialization is the most essential and looked on aspect of MBA.

Many institutes are already recognized for the specialization they

provide. It is normally 2nd year when the specialization is selected in

many institutes but in some case it has to be chosen during 1st year

itself. There are institutes which don’t provide any specialization but

are focused on some core areas and provides electives in General

MBA; whereas there are few institutes which provide dual

specialization.

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There are various specializations available to choose from. I would

rather say it can be classified as Traditional and Modern. Here

traditional are those which are coming from very long time whereas

the recent addition into it can be termed as modern.

- Finance- Marketing- Human Resource - Operations- Information Technology- Telecom- Retail- Energy- Medical- Advertising and Communication- Tourism

These days’ students are more focused on their interest and move

ahead with the specialization that fulfill it. There are institutes which

are considered to be best in specialization that they provide.

Selecting right specialization is very important so as to grow in the

career. One can say that the selection of specialization shall be solely

focused on our interest.

Entrance Exams

Entrance exam is the first step towards journey to MBA. There are

many entrance exams conducted in India. Depending on which exam

you are appearing you can qualify for different institutes. Few

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Traditional

Modern

institutes conduct entrance exam for their own whereas many other

institutes don’t. Institutes which don’t conduct their own exams

accept the score of other institutes depending on their requirements.

Some of the entrance exams and the institutes that conduct it on All India Basis are as

follows.

Entrance Exam Conducted By Institute/ State

CAT IIM

XAT XLRI

MAT AIMA

SNAP Symbiosis

IBSAT ICFAI

NMAT NMIMS

IIFT Entrance IIFT

State Entrance (Few Entrances)

M-CET

GCET

ICET

States

Maharashtra

Gujarat

Andhra Pradesh

There are many institutes which do not conduct their own entrance

test. These institutes take the scores of tests conducted by various

other institutes. Some institutes also take scores from one or more

institutes.

There might be few institutes which take scores of other institutes as

well as conduct their own exam for those students who dint appear

other tests. Also there are many other states which conduct their state

entrance which has not been captured in above table.

Institutes in India

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The most important aspect of MBA is to choose right institute.

Selecting B School may be a nightmare when one needs to select

between two Good institutes. In order to facilitate the students, here I

tried to capture as many B Schools as possible. Now how do we rate

which B school is better than other? There are so many surveys

conducted each year, which survey shall we back upon and which one

shall not look on is again a difficult task.

Thus here you may get those B schools which have been rated by MBA

students, aspirants, alumni, recruiters and academicians. The below

listed institutes are based on perception based ranking conducted by

PagalGuy.com last year. Total no. of 5,960 People have taken part in

the polls. The PaGaLGuY.com B-school Rankings captures what India

thinks about its business schools and an accurate reading of the brand

perception that B-schools have.

The institutes as per perception ranking that provide MBA/PG

programs are as follows.

1 Indian Institute of Management (IIM), Ahmedabad

2 Indian Institute of Management (IIM), Bangalore

3 Indian Institute of Management (IIM), Calcutta

4 Indian School of Business (ISB), Hyderabad

5 Indian Institute of Management (IIM), Lucknow

6 Xaviers Labour Relations Institute (XLRI), Jamshedpur

7 Faculty of Management Studies (FMS), Delhi University

8 Indian Institute of Management (IIM), Indore

9 Indian Institute of Management (IIM), Kozhikode

10 Indian Institute of Foreign Trade (IIFT), Delhi

11 SP Jain Institute of Management and Research (SPJIMR), Mumbai

12 Management Development Institute (MDI), Gurgaon

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13 Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

14 Narsee Monjee Institute of Management Studies (NMIMS),

Mumbai

15 Institute of Management Technology (IMT), Ghaziabad

16 National Institute of Industrial Engineering (NITIE), Mumbai

17 Symbiosis Institute of Business Management (SIBM), Pune

18 Xaviers Institute of Management (XIMB), Bhubhaneswar

19 Tata Institute of Social Sciences (TISS), Mumbai

20 Shailesh J Mehta School of Management (SJMSOM), IIT Mumbai

21 Dept of Management Studies (DoMS), IIT Delhi

22 Symbiosis Center for Management and Human Resource

Development

(SCMHRD), Pune

23 Mudra Institute of Communications (MICA), Ahmedabad

24 Indian Institute of Management (IIM), Shillong

25 KJ Somaiya Institute of Management and Research (SIMSR),

Mumbai

26 Industrial and Management Engineering, IIT Kanpur

27 Symbiosis Institute of International Business (SIIB), Pune

28 TA Pai Management Institute (TAPMI), Manipal

28 Vinod Gupta School of Management (VGSoM), IIT Kharagpur

30 Dept of Management Studies, IIT Madras

31 International Management Institute (IMI), Delhi

32 Institute of Rural Management (IRMA), Anand

33 Symbiosis Institute of Business Management (SIBM), Bangalore

34 NIRMA Institute of Management, Ahmedabad

35 ICFAI Business School, Hyderabad

36 Goa Institute of Management (GIM), Goa

36 Department of Management Studies, IIT Roorkee

38 Great Lakes Institute of Management, Chennai

39 Welingkar Institute of Management, Mumbai

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40 FORE School of Management, Delhi

41 Xaviers Institute of Management and Entrepreneurship (XIME),

Bangalore

42 Xaviers Institute of Management and Research, Mumbai

43 Loyola Institute of Business Administration (LIBA), Chennai

44 Bharathidasan Institute of Management (BIM), Trichy

45 Lal Bahadur Shastri Institute of Management (LBSIM), Delhi

46 Master of Finance & Control (MFC), Delhi University

47 Symbiosis Institute of Mass Communication (SIMC), Pune

(PGDCM)

48 University Business School, Chandigarh

49 Birla Institute of Management Technology (BIMTECH), Noida

49 Institute of Management Technology (IMT), Nagpur

51 Institute for Financial Management & Research (IFMR), Chennai

52 Symbiosis Institute of Telecom Management (SITM), Pune

53 Symbiosis Center for Information Technology (SCIT), Pune

54 Xaviers Institute of Social Sciences (XISS), Ranchi

55 Dept. of Management Studies, (NIT) Trichy

56 Indian Institute of Forest Management (IIFM), Bhopal

57 Institute of Management Development Research (IMDR), Pune

58 Department of Management Sciences, Pune University

59 Sydenham Institute of Management Studies (SIMSREE), Mumbai

59 ICFAI Business School, Mumbai

61 Master of Human Resource and Organizational Development

(MHROD),

Delhi University

62 Alliance Business Academy (ABA), Bangalore

63 Department of Business Administration, Christ University,

Bangalore

64 Institute for Technology and Management (ITM), Navi Mumbai

65 Amity Business School (ABS), Noida

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66 International School of Business and Media (ISBM), Pune

67 Symbiosis Institute of Operations Management (SIOM), Nashik

68 Indian Business Academy (IBA), Bangalore

69 NIILM Centre for Management Studies, Delhi

70 Indian Institute of Social Welfare and Business Management

(IISWBM),

Kolkata

71 NL Dalmia Management Institute of Studies & Research, Mumbai

72 Army Institute of Management, Kolkata

73 MET Institute of Management, Mumbai

74 Department of Management Studies, NIT – Durgapur

75 International School of Management Excellence (ISBE), Bangalore

76 SIES College of Management Studies, Navi Mumbai

77 SDM Institute for Management Development, Mysore

78 Balaji Institute of Modern Management (BIMM), Pune

79 Institute of Petroleum Management, Gandhinagar

80 Bangalore Management Academy (BMA), Bangalore

81 Kirloskar Institute of Advanced Management Studies, Harihar

82 Maharashtra Institute of Technology School of Management

(MITSOM), Pune

83 National Insurance Academy School of Management (NIASoM),

Pune

84 Gitam Institute of International Business (GIIB), Vishakhapatnam

Source: http://pagalguy.com/rankings/

Many would be in dilemma by seeing few institutes in higher ranking

where as other institutes in low rank. This is because one would get

the realistic picture of people who has taken the polls.

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The ranks of the institute might change from year to year but what is

important here is to know good institutes where one can bank upon.

Institutes with Specific Specialization

There are few institutes which are specialized and famous for the

specialization that they provide. Few of such institutes with specific

specialization are as follows.

Rural Management

- Institute of Rural Management, Anand

- KIIT School of Rural Management, Bhubaneswar

- Xavier Institute of Management, Bhubaneswar

Foreign Trade/ International Business

- GITAM Institute of International Business (Formerly GITAM

Institute of Foreign Trade)

- Institute of Business Management & Research

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- Indian Institute of Foreign Trade

Human Resource

- Symbiosis Center for Management and Human Resource

Development

- Tata Institute of Social Sciences

- Xaviers Labour Relations Institute

Telecom

- Indian Institute of Telecom Management

- Symbiosis Institute of Telecom Management

Medical / Biotech / Healthcare

- Department Of Management Sciences (PUMBA)

- Institute of Clinical Research India

- Symbiosis Centre of Health Care /Symbiosis Institute of Health

Sciences

Advertising and Communication

- Mudra Institute of Communications (MICA), Ahmedabad

- Symbiosis Institute of Mass Communication

Travel & Tourism/Hospitality

- Christ University, Bangalore

- Indian Institute of Tourism and Travel Management (IITTM)

Gwalior

- Kuoni Academy of Travel

- National Institute of Tourism and Hospitality Management,

Hyderabad

Retail

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- Institute for Technology and Management, Kharghar

- K.J. Somaiya Institute of Management Studies and Research

- Welingkar Institute of Management Development & Research,

Mumbai

Energy/Oil and Gas

- Institute of Petroleum Management, Gandhinagar

- Indian School of Mines, Dhanbad

- Rajiv Gandhi Institute of Petroleum Technology

- University of Petroleum and Energy Studies

Information Technology

- Indian Institute of Information Technology

- Symbiosis Centre for Information Technology

- Symbiosis Institute of Computer Studies & Research

* The Institutes are listed in the alphabetical order and not in any

rank basis. It is just a tentative list. There may be many more

institutes which might provide such program which may not been

listed here.

General Admission Procedure

The admission procedure for MBA/PG is based on various parameters. The general admission procedure is as follows. Further it may vary from one institute to other. For example Group Discussion is common in many institutes but in ICFAI Business School they have Micro Presentation instead of Group Discussion.

The admission procedure that normally an institute follows is as below.

- Written Test

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- Group Discussion- Personal Interview

Admission procedures differ in some cases on yearly basis and also from institute to institute. Few institutes also make aspirants to write an essay where as few conduct psychometric test.

Normally written test is comprised of questions from following areas

(which may differ from institute to institute)

Logical Reasoning

Quantitative Technique

Data Interpretation

Verbal Ability

General Knowledge (In some case)

The students are short listed after written test. Only those students

who qualify the written test are called for GDPI. Based on GDPI and

other details (such as Academic, Extra Curriculum, and Work

Experience) final list of selected candidates is issued.

Wrapping Up

Management education is in much demand in India. Selecting the

right B school is much more important than doing an MBA. MBA from

premier or good institute counts. One can find many MBA qualified

people everywhere around us, but only those with good tag get an

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upper edge. Thus don’t be hasty in selecting the college, prepare

some steps/criteria on your own, which may help you in short listing

the college.

For example, the selection of college may be based on following

points:

Area of Interest

Faculty

Placement Record

Location and Infrastructure

Course Curriculum & pedagogy, etc.

One can add or delete the points based on our interest. This can be

considered as an example which may facilitate you to move ahead.

References

http://rankings.pagalguy.com

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http://www.icetinfo.com

http://www.ismdhanbad.ac.in

http://www.pdpu.ac.in

http://www.ipmg.ac.in

This data is copyright to Nihit Jain. Use and reproduction of this data is authorised for educational or other non-commercial purposes without prior permission from the copyright holder. Use or reproduction of the data for commercial purposes is prohibited without the prior written permission of the copyright holder.

The copyright holder will not be held responsible for any consequence from the use or misuse of these data by any organization or individual.

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