The MBA or Master’s in Business Administration program has become a much sought after degree in India and especially Punjab. Over the years the demand for higher education has sky rocketed with more and more students acquiring college degrees. Employers in major corporations, including tech and IT are looking for MBA graduates in Sales, finance, marketing and even Economics.
The level playing field has been raised and the job market in India has become even more competitive than before. More and more students in India and Punjab are opting out of the conventional engineering or medical fields to pursue MBA programs in the hope of broadening their career options. The MBA program offers not only broader career options, but better salaries, business opportunities and better management positions in MNC’S as well other large corporates.
The year 2013-2014 saw a meteoric rise in the number of B-Schools offering MBA programs. The approximate surge in B-schools climbed from only 3000 in 2009-10 to a staggering 4500 in 2013-14. As more students opted for the degree, the rising demand necessitated the creation of several tier 3 and tier 4 business schools. Most if not all these b-schools offer the MBA program in regular, part time as well as distance learning formats. While most students choose the regular format of attending B-schools because of the obvious benefits of networking and being part of a larger consolidate business network, many still opt for the part time and distance learning formats to earn the MBA degree, which by itself promises better career options.
While different schools, including the leading IIM’s and other top schools such as the Indian School of Business (ISB) and S.P. Jain Institute of Management have certain special MBA qualification requirements, on the whole, the basic qualification requirements for an MBA degree remain the same.
Let’s look at the basic qualification requirements for an MBA program in India:
- You should have passed your 10+2 exams.
- You should have secured at least 50% in any subject in a graduate/college degree or 45 % for SC/ST or persons with disability (PWD) category.
Note: The Bachelor program should be a minimum format of at least 3 years or 4 years.
- As mentioned above there are 3 different ways of securing the degree: distance learning, regular and part time.
- In the event of a CGPA system the equivalent percentage would be based on the equivalence certified by the university / institution from where they have obtained bachelor’s degree.
- Take either the CAT OR MAT exams. (CAT is the common admissions test for MBA’s and MAT is the Management aptitude test.)
- Depending on how you score, in any of the above exams, you can qualify for different top B-schools in the country.
Here is a short list of the best B-schools in India:
- IIM, Ahmedabad
- IIM, Delhi
- IIM, Calcutta
- IIM, Bangalore
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