Master of Business Administration [MBA] From Panjab University, Chandigarh

Master of Business Administration or M.B.A is one of the most reputed 2 year post-graduation degree in the world which is designed to develop skills in management and business.

The average fee for pursuing this course may range anywhere between 2 to 17 lacs INR depending upon the institute or university which provides education in this course. Basic eligibility for MBA is an undergraduate degree in any discipline.

An MBA graduate at an entry level can earn anywhere between 4 to 15 lacs INR annually depending on his/her expertise and the respective institute. Various job profiles in the field are Account Manager, Brand Manager, Equity Research Analysts and Project Manager.

Also the course is provided by more than 3000 institutes throughout the country where the admission and the selection is based on entrance exam. Students can opt for Full-time MBA or Part-time MBA or even Executive MBA.

Duration

Usually in India, the duration of MBA is 2 years, which is divided into 4 semesters. However, in India if you want to pursue a professional MBA course or executive MBA course then the duration will be slashed by one year.

MBA for people with good work experience is also offered in some good business schools in India with a time duration of one year. 

Regular MBA- The duration of the course is 2 years and each year is divided into 2 semesters. Also a person needs to complete the internship during the middle of 1^st and 2^nd year of the course which is designed to enhance the practical knowledge of management to help students become thorough with business administration skills in an advanced manner.

Executive MBA- Online MBA, also known as E-MBA is a Management Course focused around working professionals. The courses are structured to impart management education to professionals aspiring to move to mid-level or senior level management. The duration of the course varies from 1 year to 2 years.

What is MBA about?

MBA is the pursuit of innovative and traditional business methodology developed through collaborative teamwork, individualized self-discipline, and interaction with professors and the business world. The objective is to bring all these aspects together to become a socially responsible and innovative manager, ready to tackle immense issues experienced by companies with poise, knowledge, and for the benefit of the organization and customer service as a whole.

Also it is thought that this course gives a detailed overview of business challenges to make a person fit for becoming a businessman, however the overview is discussed in deep to create a person with excellent managerial and administrative skills and not business skills. Hence it is not necessary that an excellent MBA grad can be an excellent businessman as well.

Who should go with the course?

A person who is interested in solving various challenges related to smooth business running should opt for this course. This course requires a person who is skilled in managing a team and have the ability to take tough decisions in unfavorable situations. Hence a person who loves to take challenges while maintaining calm in tough environment are more likely to find solace in this course. Apart from this, having great communication skills and ability to maintain healthy relationships will only act as a feather in the cap.

What are the streams available in India?

There are more than 40 streams to choose while opting for an MBA in India. A brief list of some of the popular streams are-

1. Finance- MBA in finance is the oldest form of MBA specialization. It prepares you in various subjects like costing, budgeting, International finance, Capital Management etc.  After studying these subjects a person become specialized in Financial Management.
2. Marketing- MBA Marketing is very dynamic and competitive. MBA in marketing helps a student to understand consumer behavior, market, advertising and other important fields.
3. Human Resource (HR) - This includes diversity, mergers and acquisitions, labor markets and emerging economics and international leadership. Individuals with good communication skills, a charismatic personality, and confidence may opt for this course.
4. Operations-MBA in Operations, deals with Production Management or Shop Floor Management. Students learn how to maintain process flows, develop vendor and inter-departmental relationships.
5. Information Technology (IT)-MBA in IT is designed to educate & develop managers who can effectively manage the planning, design, selection, implementation, usage & administration of emerging and converging information & communications technologies.

Where to study?

Almost all the universities offer an MBA course, however there are some Management colleges in India which have an extra edge in terms of infrastructure, level of education and placements. Some of those top MBA colleges in India are-

Candidate must be pass in graduation in relevant stream from any recognized university.