MBA Handbook

Basic pre-MBA Queries

Prepared By: Nihit Jain
Email: nihit_jain@rediffmail.com
Prepared by Nihit Jain 2
Important
Ive 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
References
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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 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.
Lets get started!
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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.
Let us start with the basic difference
What is an MBA?
Masters in Business Administration --- is a masters degree offered by selected
institutes. The remaining offer Post graduate Diploma.
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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
- 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.
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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.
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.
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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.
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.
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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 2
nd
year
when the specialization is selected in many institutes but in some case it has to be
chosen during 1
st
year itself. There are institutes which dont 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.
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.
Traditional
Modern
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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 institutes conduct entrance exam for their
own whereas many other institutes dont. Institutes which dont 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.
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Institutes in India
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
13 Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
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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
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
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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
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
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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.
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.
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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
- 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
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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
- 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.
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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
- 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.
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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 upper edge. Thus dont 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.
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References
http://rankings.pagalguy.com
http://www.icetinfo.com
http://www.ismdhanbad.ac.in
http://www.pdpu.ac.in
http://www.ipmg.ac.in
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