MBA (Master of Business Administration) in India is becoming a dream of every third student in India. Most of the population of youth in India opts for MBA rather than going for other post-graduation degrees like M.Tech, MCA etc. Even if the student is from a technical background, then also he prefers to get a degree in Business Administration rather than post-graduation in the technical stream.
With the increase in substantial demands in the industry for professional, the number of MBA colleges in India is increasing day by day. The Indian Institute of Management (IIM's) are being referred to as the best colleges of MBA which imparts the high quality of business education to students so that they can become the world first class entrepreneurs. Other than IIM's, MBA colleges are referred as B-schools. These B-schools in India offer courses like finance, human resources, marketing, operation etc. In addition to that, other streams like fashion technology, hotel management, communication etc. are also the part of Master of Business Administration.
For the admission in renowned MBA colleges and Business schools, various types of competitive entrance exams are conducted at both national and state level. Some of them are as follows:
- GMAT (Graduate Management Admission Test)
- CAT (Common Admission Test)
- XAT (Xavier Admission Test)
- NMAT (Narsee Monjee Management Aptitude Test)
- CMAT (Common Management Admission Test) etc.
These exams are conducted every year and millions of students fight in these competitive examinations so that they can get admissions in college of their dream. For the
- Verbal ability.
- Quantitative Aptitude.
- Reasoning Ability
- Data Interpretation and
- Data Sufficiency
When the entrance exam is being cleared by the students then they need to clear the Group discussion and personal interviews round in the respective colleges in which they have been selected. When they clear all these rounds also then the admission of the student is being confirmed. The salaries that the MBA students gets varies depending, from which college they have completed their studies. The IIM students get more salaries while the student from other B-schools get salaries depending upon the goodwill of the college.
Some of the IIM College's are-
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIM Lucknow
- IIM Udaipur
- IIM Ranchi etc.