MBA Degree - Admission, Eligibility, Fees, & Selection Process

1. MBA Degree - Admission, Eligibility, Fees, & Selection Process Education is the very important key to opening the golden door to a bright future. However, choosing the right place, university and course for your higher education is a prime concern. One of the common courses most students opt for higher studies is the MBA (Master of Business Administration). An MBA is a postgraduate degree programme that focuses on developing leadership and management skills and learning corporate principles. The MBA has its roots in providing these skills and knowledge to non-business professionals— from engineers to chemists to liberal arts experts. According to reports, it is projected that the overall job market for MBA students will surge by 33%, which is much faster than other occupations. In addition, work in the business and management sector is expected to increase by 5% by 2029. This is why the MBA program became the gold standard for advancement to executive and management positions—regardless of specialisation and industry. To know more about the MBA course overview, MBA admission, MBA eligibility, MBA course fees, etc., read below! MBA Course – An Overview MBA is a two-year master’s degree program that provides theoretical and practical knowledge of business management. The course deals with managing major business areas, including human resources, marketing, finance, sales, customer services, operations, etc. The program aims to develop numerous management and leadership qualities, business acumen, problem-solving abilities, business communication skills, the ability to tackle everyday work pressures, management skills, etc. MBA Eligibility Criteria If you want admission to an MBA degree, you must get through the eligibility criteria first. MBA admission criteria may vary from one university to another and one city to another. Let us look at the common eligibility criteria followed by most universities for a master’s degree: •Students need to pass a bachelor’s degree from any recognised university.

2. •In addition, students must score 45-60% marks depending upon university demand in the commerce stream. •Some universities consider national and state-level entrance exams. •Famous entrance exams are – CUET, IPU CET, NPAT, BHU UET, etc. After knowing about the eligibility requirement of the university, now let’s look at the step-by- step MBA selection process. •To apply for MBA admission, candidates must first choose a university. •Every university has an online application form that prospective students must fill out and submit. •Candidates can complete the payment of the MBA application fee online. •The MBA selection process depends upon the entrance exam score and cutoff marks. •At the end of the MBA admission, the merit list will be released on a specified day. •If an applicant is selected, they must be present on campus or submit an online report. MBA Course Fees Structure Pursuing an MBA degree boosts graduates’ technical or industrial expertise and finances, along with developing and knowing their self-confidence to undertake new projects. If you are keen to pursue this master’s degree, it is essential to understand and compare the MBA course fees of different colleges. Compared to other professional master’s degree programs, the MBA course fees are higher. Although, this is because there are many benefits in an MBA course that other courses don’t offer. The average MBA course fees in India range between INR 2 lakh to 25 lakhs; still, there are other parameters like the college’s location, the university’s ranking, and the hostels provided by the college. Reason for Doing the MBA Program Have a look at listed below best reasons why MBA programs are a good choice: •Boost your professional network. •Corporate network integration. •Exposure to industry professionals. •Rapid increment in salary, benefits, etc. •Smarter time management.

3. •They have increased employment opportunities. •Achieve better communication skills. •A better understanding of the international market. Conclusion A Master of Business Administration degree ensures that the candidates have enough learning and knowledge to be able to work in any area of their choice. In addition, it opens up endless career options for them. Thus, after completing this program, a student is not constrained to work in any specific sector or area; rather, they can choose to specialise in any field of their choice and work in that area.