What are the different types of MBA programs in India?

Should I do an MBA or not? What about my career growth? What should I do after my undergrad?

Haven’t we all been through this stage at least once in our lives? The answer is simple and unanimous: stepping into the corporate world with enhanced skills and knowledge. But how does one do it? MBA, or Masters in Business Administration, is the passport to your dream life. It is focused on building leadership skills and learning business principles.

MBA is a renowned name in the educational and corporate world. Master of Business Administration (MBA) is a program that gives an excellent platform to all who wish to assume managerial or higher positions. India is offering competitive MBA programs currently to the dynamic youngsters willing to fulfil their career objectives in India and abroad.

Top colleges and universities offering each MBA programme in India

The MBA programmes at JAIN (Deemed-to-be University) CMS B-School are one of the most sought-after MBA programmes in India and connect you with a network of highly experienced academicians, practitioners, corporate partners, and alumni. Established in 2009, CMS Business School, JAIN (deemed-to-be University), has established a strong track record of education with a combination of industry and academia in management. It holds an A and A* rating by CRISIL S&P Company (B-School) and is certified by ISO 9001:2015 for its quality management system by TUV Nord.

The philosophy here at the B school is one of co-creation. The MBA programmes at CMS Business School are imparted with innovation and creativity, focusing on developing the core management competencies required in modern business, such as decision-making, problem-solving, strategic thinking, global perspective, and leadership. There is a wealth of opportunity available for you to broaden your experience and skills and benefit from your MBA journey.

Regular MBA programs offered by JAIN (Deemed-to-be University) CMS B-School

Single Specializations

• Marketing
• Finance
• Human Resource Management
• Banking, Finance and Allied Services
• International Finance and Accounting (integrated with ACCA)
• Logistics and Supply Chain Management
• Systems and Operations Management
• Business Analytics
• Entrepreneurship and New Venture Creation
• Aviation Management
• Sports Management
• Luxury and Fashion Management
• Digital Business

Dual Specializations

• Marketing and Finance
• Marketing and Human Resource Management
• Finance and Human Resource Management
• Finance and Business Analytics
• Marketing and Business Analytics
• Human Resource Management and Business Analytics
• Marketing and Logistics and Supply Chain Management
• Marketing and Entrepreneurship and New Venture Creation
• Finance and Entrepreneurship and New Venture Creation
• HRM and Entrepreneurship and New Venture Creation
• Aviation Management and Logistics and Supply Chain Management
• Aviation Management and Marketing
• Aviation Management and Human Resource Management
• Average Package

 Duration of different MBA programs

Scope and Eligibility Criteria for different MBA programs

MBA is a course that facilitates independent ideology, exemplary entrepreneurship and is a doorway to fulfilling the most significant career objectives symptomatically. The scope for miscellaneous MBA programs continues growing.

Here we discuss miscellaneous MBA programs:

MBA in banking and finance:

MBA in banking and finance is mainly into producing the professionals carrying opulent knowledge on banking and financial services. Being the two most irreplaceable compartments in a business, banks and finances give the right direction to every institution in all stages of developments.

Eligibility criteria for MBA in Banking and Financial Services:

1. The MBA aspirant should be a graduate.
2. The aspirant should have passed the entrance exams like CAT, XAT, GMAT and MAT.
3. Students must clear the assessments if and as conducted by the business school/institute.

Scope for MBA in Banking and Finance:

MBA in banking and finance always enjoys optimum scope worldwide. Both during the recession and avid economic environments, the MBA holders in banking and finance are welcomed.

MBA in Marketing:

The popularity of MBA in marketing continues to grow with miscellaneous corporate setups entering intellectual competitions worldwide. Majority of businesses prefer employing an inhouse team of Sales and Marketing. The MBA in marketing doesn’t restrict the pursuer to one single domain but opens the path to other sectors like entrepreneurship and entrepreneurial management.

Eligibility criteria for MBA in marketing:

1. The aspirant must secure 50% marks in their bachelor degree in any stream from any recognized university.
2. Students must clear the entrance exams like GMAT, CAT or other equivalent exams.
3. Students must clear the assessments if and as conducted by the business school/institute.

Scope for MBA in Marketing:

As the word suggests, marketing shines out as the inseparable part of the Sales department. And India is gradually developing as a corporate hub. It’s offering multifaceted opportunities for the small scale and largescale industries to grow exponentially. IT, Retail, Tourism, Bank and Finances, Media, Advertisement agencies, consultancy, market feasibility and research are some of the renowned work fronts for those pursuing MBA in Marketing.

MBA in finance:

MBA finance, one of the best MBA programs is an ideal choice for those willing to pursue a fruitful career in Financial Management. Corporate Financial planning, corporate acquisition, mergers, banking and financial management are some of the renowned areas.

Eligibility Criteria for MBA in finance:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. Candidates must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD).

Scope for MBA in finance:

Banking, corporate finance, investment management mergers and acquisition, international finance, insurance management, stock portfolio management and accounting and taxation are some of the known areas offering scope for MBA in finance.

MBA in Human Resource Management:

Employing the best and keeping the employee turnover under control are some of the viable tasks across organizations. The demand for MBA in Human Resource Management, therefore, continues to grow almost every month. The graduates willing to pursue a career in Human Resource Management (HRM) could receive excellent opportunities in India and abroad.

Eligibility Criteria for MBA in Human Resource Management:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. Candidates must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD) or both.

Scope for MBA in Human Resource Management:

MBA in Human Resource Management is mostly for the people more sensitive to the manpower circulating in an organization. This program ensures that the one entrusted with the HRM role has opulent manpower and the workers carry ample skills towards the collective development of a company. An MBA in HRM gets high positions across all kinds of corporate spheres.

MBA in Luxury Management:

MBA in Luxury Management includes syllabus to train students in handling premium services and luxury goods. Bangalore has become a mecca for quality education. MBA admission in Bangalore is a dream for dozens of aspirants inspired by the concept of entrepreneurship and business. Luxury industries prefer those with detailed knowledge of luxury goods.

Eligibility Criteria for MBA in Luxury Management:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. Candidates must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD) or both.

Scope for MBA in Luxury Management:

MBA in Luxury Management sees and will continue to see a widespread scope worldwide. India is welcoming hundreds of luxury brands from all over the world. India is set out to soon overtake China as the world’s patent luxury market. As an MBA aspirant fulfils his/her dream as an MBA holder in Luxury Management, the scope continues to rise and expand every month. One can pursue the career as a Luxury Brand Manager, Manager of Merchandising, PR Specialist, Visual Merchandiser or Product Manager.

MBA in Sports Management:

Sports is one of the most preferred pastimes all over the world. India, being a marvellous home to all kinds of competitive sports, offers an expandable scope for MBA in Sports Management. MBA in Sports Management includes the curriculum focusing on the development of sports activities or sports events. Those having pursued an MBA in Sports Management develop a knack to budget, organize, control, direct and audit sports events/activities.

Eligibility Criteria for MBA in Sports Management:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. The aspirants must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD) or both.

Scope for MBA in Sports Management:

Those having pursued an MBA in Sports Management can apply for government jobs. One can oversee an excellent career as a marketing or advertising manager. This is the field has offered some of the highest compensations worldwide. One can go ahead even as an organizer of a sporting event. Miscellaneous tournaments in India and abroad welcome the young blokes having pursued an MBA in Sports Management.

MBA in Aviation Business Management:

The nation currently thrives on air travel. More than 350 airports are under construction in India. This development has created a new demand. It’s the demand for thousands of business management professionals. Right from the newly established to the best college for MBA in India would welcome warmest responses from the MBA (Aviation Business Management) aspirants. MBA in Aviation Business Management presents unique and concrete syllabus to grow in one of the finest PG programs available today.

Eligibility Criteria for MBA in Aviation Business Management:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. The aspirants must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD) or both.

Scope for MBA in Aviation Business Management:

India is all set to witness hundreds of career prospects in Aviation Business Management. Those having pursued MBA in Aviation Business Management can go ahead in the industries like Air Cargo operations, Aviation Fuel Companies, Allied Aviation service provision, National and International Airlines, National and International Airports and Aerospace Regulatory Divisions.

MBA in Logistics and Supply Chain Management:

MBA in Logistics and Supply Chain Management focuses on shaping managerial skills in the aspirants. It caters extensively to the logistics and supply chain management and fostering the relevant approaches in those pursuing the program. Logistics and supply chain would be an industry accommodating an active demand by companies and markets.

Eligibility Criteria for MBA in Logistics and Supply Chain Management:

1. The aspirant should have pursued graduation from any of the recognized universities.
2. The aspirants must clear the entrance exams like MAT, GMAT, XAT or CAT.
3. Top business schools offer this program and they may conduct a personal interview or Group Discussion (GD) or both.

Scope for MBA in Logistics and Supply Chain Management:

Dozens of businesses worldwide are continuously on the lookout for young minds and new intellects. Logistics and supply chain management is no exception to it. Miscellaneous opportunities are available across domains like general management, business operations, operational management, entrepreneurship and project analysis. Logistic analysis, logistic management, sales office, material plans, Research domains and Business Development Manager are some of the most relevant areas.

Career prospects, average salaries and job roles for graduates of each MBA program

MBA in Marketing

MBA in Marketing is a two-year postgraduate programme in marketing fundamentals where you have scope to progress in the fields of customer relationship management, sales management, product development, advertising, e-business, retail marketing, and distribution management. MBA graduates in marketing have diverse scope to apply in any type of industry, be it Information Technology (IT), hotels, hospitals, aviation, manufacturing, textiles, exports, etc.

MBA in Finance

MBA in Finance is a two-year postgraduate programme that imparts financial management expertise to individuals. The professionals pursuing an MBA in Finance have ample career opportunities in the areas of consulting, structured finance, stock and commodity markets, mutual fund houses, equity analyst firms, financial planning and wealth management, investment banking, assurance, compliance, and insurance. If they are planning to start something of their own, they can try their hand in the areas of wealth management, financial planning, and investment advisory services.

MBA in Human Resource Management

MBA in Human Resource Management is a two-year postgraduate programme to impart strategic training on human resource management in corporate organisations. It's one of the most sought-after programmes that helps the students pursue careers that involve the acquisition, development, and retention of high-quality employees. This includes staffing, planning, recruitment, and selection of employees, training and development, performance management, leadership, compensation and benefits administration, employee relations, and employee health, safety, and security.

Banking, Finance, and Allied Services

As the banking and finance sectors have modernised over the past few years, an MBA in Banking, Finance, and Allied Services allows students to combine academic rigour with enhanced financial skills. This programme will allow students to explore diverse opportunities in the private or public financial sectors, such as banks, regulation companies, auditing companies, etc.

MBA in International Finance and Accounting (integrated with ACCA)

MBA in International Finance and Accounting (integrated with ACCA) prepares the students to become qualified accountants. The ACCA certification is like a cherry on top of the cake that increases their employment opportunities as employers value the skills and knowledge acquired through this course. A career in finance and accounting offers the opportunity to work in a variety of roles and industries with excellent financial reward.

MBA in Logistics and Supply Chain Management

The MBA in Logistics and Supply Chain Management provides students with knowledge of all functional areas of an organisation. Students can choose this course to prepare themselves as entrepreneurs or to pursue professional careers as logistics analysts, sourcing specialists, global supply analysts, purchasing managers, and so on.

MBA in Systems and Operations Management

As the manufacturing industry grows with each passing day, it is undeniable that there will be numerous job opportunities for individuals pursuing an MBA in systems and operations management. The postgraduates of this degree programme can apply for lucrative job positions in manufacturing industries such as automobiles, engineering goods, heavy machinery, iron-steel and other metal industries, chemical and fertiliser industries, telecom, IT, and energy sectors, services industries, etc.

MBA in Business Analytics

MBA in Business Analytics is a two-year postgraduate programme that trains students to collect, store, and analyse data for improving business efficiency. With the digital universe having data of 2.7 zettabytes in the most unstructured manner, it can be safe to say that there are ample opportunities to excel in this field.

MBA in Entrepreneurship and New Venture Creation

The MBA programme is a unique combination of entrepreneurship and management that brings together core management principles with an appreciation and awareness of entrepreneurship. This postgraduate programme provides extensive engagement to students through hands-on, real-life experiential learning to imbibe the essence of creating, managing, and sustaining enterprises.

MBA in Aviation Management

MBA in Aviation Management is a tailor-made MBA programme to expose the majority of the Indian population to the concept of aviation. As several Indians have still not been accustomed to this industry, there is a massive pool of untapped potential for investors from India and abroad. This dynamic and ever-evolving market is likely to create a plethora of opportunities for aspirants in industries such as aviation regulatory authorities, national and international airports, national and international airlines, ground handling companies, air cargo operators, aviation fuel companies, MO companies, global travel and tourism operators, and allied aviation service providers.

MBA in Sports Management

As thrilling as the sports industry is, it also offers varied job opportunities in this field after the completion of this postgraduate programme. Individuals pursuing an MBA in Sports Management will be able to explore opportunities in sports franchises, sports leagues, sports teams, sports merchandise manufacturers (Nike, Adidas, Reebok, etc.), event management firms, sports broadcasters, sports management MNCs, player management, national sporting associations, government and private sports authorities, recreation facilities, fitness clubs, educational institutes, etc.

MBA in Luxury and Fashion Management

India is growing at a fast pace when it comes to luxury and fashion management these days. Not only are foreign luxury brands entering India, but there are several ingenious local brands coming up too that are dominating the luxury and fashion industries. With so much happening in terms of financial growth, it is imperative that it create numerous job opportunities in this sector. Students pursuing an MBA in Luxury and Fashion Management can take up different administrative and managerial roles in leading luxury and fashion brands like Celine, Gucci, Dior, Calvin Klein, H&M, etc.

MBA in Digital Business

An MBA in Digital Business opens diverse opportunities for you in the field of digital media and marketing. There is a huge demand for professional digital marketers in established companies, start-up businesses, and solo entrepreneurial and freelancing ventures who can navigate the system and get maximum digital reach for their organisation or entity.

Differentiation between MBA programs in terms of emphasis on theoretical learning vs practical exposure

The MBA programme is such a holistic course that it allows the amalgamation of practical and theoretical learning for its pursuers. Getting a degree is not important, but having adequate knowledge of what you learn helps shape your career. If you consider MBA programmes, theoretical and practical knowledge are like two sides of the same coin. While both of them are equally important, they also have some differences that set them apart from each other.

Importance of internships and industry projects in MBA programs

Have you ever been asked about your experience even though you have had none because you are a fresher? Well, this is a fundamental problem that is observed by several professionals who are transitioning into their corporate careers. That’s where internships and industry projects come into the picture. By definition, an internship is an official or formal programme that imparts practical experience for newcomers in an occupation or profession. Industrial projects, on the other hand, are assignments given to students after they have visited any industry or corporate setting where they need to discuss their findings and learnings.

So, what are the benefits of doing these internships and industry projects in MBA programmes? Let’s discuss.

• Get first-hand corporate experience: Whether you are doing an internship or visiting onsite for your project, the practical exposure garnered during this time will provide you with first-hand corporate experience. When you meet new people every day and discover new roles and challenges in a practical setting, you understand the ground reality and get an idea of how to prepare yourself for the same.
• Build a diverse chain of network: Industrial visits or internships provide you with life-time opportunities to interact and build bond with your trainers and other professionals working there. Besides learning from them, you can also create diverse network channels to benefit you in your future endeavours.
• Opportunity to convert your internship to full-time employment: Sometimes, your trainer or mentor becomes so impressed with your skill set (hard skills and soft skills) that he or she feels that you can be the right fit for a role in the organisation.
• Bring in valuable industry feedback: After going through an internship or an industrial visit, you are rewarded with a certificate of experience that will help you make an impression on the recruiters during the hiring process. This valuable industry feedback will give you the competitive edge that will set you apart from your competitors.

Impact of specialization in MBA on future job prospects and career growth

It is an undeniable fact that the marketplace is growing every day, and with this, more job prospects and career opportunities are also expected to grow exponentially. However, this also means that the competition is also going to increase as the population of the world is not decreasing at any point in time. According to a leading statistical agency, employment in the business sector is projected to grow by five percent between 2019 and 2029. As there are so many undergraduate students in India trying to make a lucrative career, the best way to stand out in a crowd of business graduates is to earn your MBA.

Let us take some examples and observe how different MBA specialisations will have a significant impact on future job prospects and career growth.

• MBA in Human Resources: The people are the backbone of any company. No organisation can grow without manpower. And who manages and takes care of this manpower? An MBA in Human Resources Management paves the pathway for graduates who want to make a difference in employees’ lives. You can work in different areas related to human resource management, such as recruitment, operations, employee relations, employee benefits, training and development, etc.

• MBA in Marketing: Can an organisation thrive if it cannot cater to the dynamic needs of its customer base? That’s where marketing comes in; it prepares the individuals to create, promote, price, and manage products and services. An MBA in marketing allows you to dwell into several areas such as market research, market analysis, product development, distribution, etc.

• MBA in Finance: Finance holds the organisation together, and considering the fast-paced world we are living in, there are ample opportunities for those who want to pursue an MBA in this field. Financial analysts collect operational data, establish costs for services and goods, provide cost analysis for companies, and analyse trends. MBA graduates in finance can grow in several domains, such as investment, banking, and other financial allied services.