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MBA Handbook

Basic pre-MBA Queries

Prepared By: Nihit Jain

Email: nihit_jain@rediffmail.com

Important

I’ve made every effort to present exhaustive information about pre- MBA queries in this handbook. Extreme care was taken to maintain absolute clarity; however, ambiguities, if any, are unintentional.

I heartily welcome your suggestions to enhance the handbook--your feedback will be appreciated.

Thank You.

Nihit Jain

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Appendix

MBA – Master of Business Administration MMS – Master of Management Studies

MMM – Master of Marketing Management

MS – Master of Science MA – Master of Arts CAT – Common Admission Test

XAT – Xavier Admission Test

SNAP - Symbiosis National Aptitude Test

IBSAT - ICFAI Business Studies Aptitude Test

NMAT - NMIMS Management Aptitude Test MAT - Management Aptitude Test

M-CET – Maharashtra Common Entrance Test

GCET – Gujarat Common Entrance Test

ICET - Integerated Common Entrance Test

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Content Introduction Masters - MBA - MMS Post Graduate - PGDBA - PGP - PGDBM
Content
Introduction
Masters
- MBA
- MMS
Post Graduate
- PGDBA
- PGP
- PGDBM
- PGDM
Structure of Program
- Full Time
- Part Time
- Distance Learning
- Executive Program
Specializations
Entrance Exams
- CAT
- XAT
- SNAP
- IBSAT
- NMAT
- MAT
- IIFT
- State Entrances
Institutes in India
Colleges based on Specialization
General Admission Procedure
Wrapping up
References
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Introduction

Masters in Business Administration (MBA), a master's degree in business administration, has gained widespread recognition in India. Traditionally, MBA programs in India have predominantly targeted fresh students without any work experience. The MBA degree has become one of the most popular masters' degrees, and has since achieved worldwide recognition. Management education in India is growing at a rapid rate. It is not only considered good education, but most see it as a platform for high-paying jobs. The perception of a management education goes far beyond mere academic education or research education. Applying and beginning your career through management education is not really the toughest task as on date. What keeps this tough is the decision to be made while choosing the right college. Which is the right college?! What are the parameters in judging the right college?! Who will tell me if a college is good or bad? This handbook may not help you in choosing a pre-determined college, rest assured, it will help you make your decision and guide you till you reach the class room of your dream college. Getting into management education is very simple, but choosing the right college is very difficult. Not all MBAs are paid well. Doing MBA from right institute is most essential and getting admission into that is the challenge.

MBA is rewarding--if done from the right institute. Before recession, during recession and I'm sure even after recession this 3 letter word will continue to attract each one of us: at least the aspirants. There are lot aspirants who still have many unanswered questions. This handbook sincerely hopes to answer all of your questions--well almost all. Anyone can pursue MBA, but the inputs gained during the course are rewarded.

Let’s get started!

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What this book will cover --

- What is MBA all about?

- Why should we consider pursuing MBA?

- What would be best MBA SPECIALIZATION?

- Which college should I aim for?

- Should I consider pursuing a full time program, Part time program or distance learning MBA?

- What is an Executive Program?

This handbook answers all the above questions and more. I hope after reading the handbook, most aspects of Management education i.e. MBA in India will be clear.

To begin with, CAT (Common Admission Test) is not the only entrance exam for MBA. This handbook covers not only details on other exams, but also details of the score trend the various institutes follow. This handbook will not predict the scores or justify the scores; rather it will only give the readers an overview of the trend in order to help the readers make clear judgments.

Further, people are normally confused in selection of the Institutes and the exam that they need to appear. In order to facilitate the students, I thought to capture the same along with few institutes which accepts these scores.

Let us start with the basic difference…

What is an MBA?

Masters in Business Administration --- is a master’s degree offered by selected institutes. The remaining offer Post graduate Diploma.

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Masters

Master degree is provided by a university. This degree is further categorized as

MBA and MMS. There is hardly any difference between the two. MBA stands for

Masters in Business Administration whereas MMS stands for Masters in

Management Studies. The colleges/institutes associated with Mumbai University

admit students under M-CET provide degree of MMS.

Deemed universities (status of autonomy granted by UGC) are also recognized to

provide MBA degree under their banner.

also recognized to provide MBA degree under their banner. Broadly Masters Degree is divided into two

Broadly Masters Degree is divided into two parts.

- MBA

- MMS

But with the introduction of new courses few other Master degrees are MMM,

MS, MA. These are further Management degree but different specialization. Such

as MA can be considered as Master of Arts but when it is done from TISS, they

have various specialization such as disaster management, Human Resource

Management and Labour Relation, etc which is well renowned and of top quality.

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Post Graduate

Post Graduate Degree is provided by autonomous institutes. In terms of academics there is no different between PG and MBA. The difference is only of the banner under which the degree is provided. Both the degrees are recognized, provided an approval is granted by UGC, AICTE.

recognized, provided an approval is granted by UGC, AICTE. Post Graduate is further classified as below:

Post Graduate is further classified as below:

- PGP stands for Post Graduate Program

- PGDBM stands for Post Graduate Diploma in Business Management

- PGDBA stands for Post Graduate Diploma in Business Administration

- PGDM stands for Post Graduate Diploma in Management

As such there is no difference between any of these programs yet they are named differently. The content of these courses is similar. Also the pedagogy of teaching is almost similar. The pedagogy might differ only to some extent depending on institute to institute.

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Structure of Program

MBA/PG programs in India vary depending on the structure of the program. The duration of the program is based on which type of program we choose.

of the program is based on which type of program we choose. Full-time Program is of

Full-time Program is of two years. This is basically preferred by fresh graduates and working professionals who are keen grow. Full time program is considered to be the rigorous with hectic schedules. These guys hardly get time to sleep.

Part Time Program is done by working executives. In order to pursue the Part time program one needs to have minimum two years of work experience and the duration of the course is three years.

Distance Learning or Correspondence MBA is generally preferred by working executives. The basic idea behind pursuing distance MBA is to add value in the resume so as to help in raising the ladder in professional career.

Executive Program is a new approach to career development. This program needs a minimum of two years work experience. Further minimum work experience differs from one institute to other. In some case it can be as high as 7 years.

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Specializations

Specialization is the most essential and looked on aspect of MBA. Many institutes

are already recognized for the specialization they provide. It is normally 2 nd year

when the specialization is selected in many institutes but in some case it has to be

chosen during 1 st year itself. There are institutes which don’t provide any

specialization but are focused on some core areas and provides electives in

General MBA; whereas there are few institutes which provide dual specialization.

There are various specializations available to choose from. I would rather say it

can be classified as Traditional and Modern. Here traditional are those which are

coming from very long time whereas the recent addition into it can be termed as

modern.

- Finance

- Marketing

- Human Resource

- Operations

- Information Technology

- Telecom

- Retail

- Energy

- Medical

- Advertising and Communication

- Tourism

Traditional

Modern

These days’ students are more focused on their interest and move ahead with the

specialization that fulfill it. There are institutes which are considered to be best in

specialization that they provide.

Selecting right specialization is very important so as to grow in the career. One

can say that the selection of specialization shall be solely focused on our interest.

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Entrance Exams

Entrance exam is the first step towards journey to MBA. There are many entrance exams conducted in India. Depending on which exam you are appearing you can qualify for different institutes. Few institutes conduct entrance exam for their own whereas many other institutes don’t. Institutes which don’t conduct their own exams accept the score of other institutes depending on their requirements.

Some of the entrance exams and the institutes that conduct it on All India Basis are as follows.

Entrance Exam

Conducted By Institute/ State

CAT

IIM

XAT

XLRI

MAT

AIMA

SNAP

Symbiosis

IBSAT

ICFAI

NMAT

NMIMS

IIFT Entrance

IIFT

State Entrance (Few Entrances) M-CET GCET ICET

States Maharashtra Gujarat Andhra Pradesh

There are many institutes which do not conduct their own entrance test. These institutes take the scores of tests conducted by various other institutes. Some institutes also take scores from one or more institutes.

There might be few institutes which take scores of other institutes as well as conduct their own exam for those students who dint appear other tests. Also there are many other states which conduct their state entrance which has not been captured in above table.

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Institutes in India

The most important aspect of MBA is to choose right institute. Selecting B School may be a nightmare when one needs to select between two Good institutes. In order to facilitate the students, here I tried to capture as many B Schools as possible. Now how do we rate which B school is better than other? There are so many surveys conducted each year, which survey shall we back upon and which one shall not look on is again a difficult task.

Thus here you may get those B schools which have been rated by MBA students, aspirants, alumni, recruiters and academicians. The below listed institutes are based on perception based ranking conducted by PagalGuy.com last year. Total no. of 5,960 People have taken part in the polls. The PaGaLGuY.com B-school Rankings captures what India thinks about its business schools and an accurate reading of the brand perception that B-schools have.

The institutes as per perception ranking that provide MBA/PG programs are as follows.

1 Indian Institute of Management (IIM), Ahmedabad

2 Indian Institute of Management (IIM), Bangalore

3 Indian Institute of Management (IIM), Calcutta

4 Indian School of Business (ISB), Hyderabad

5 Indian Institute of Management (IIM), Lucknow

6 Xaviers Labour Relations Institute (XLRI), Jamshedpur

7 Faculty of Management Studies (FMS), Delhi University

8 Indian Institute of Management (IIM), Indore

9 Indian Institute of Management (IIM), Kozhikode

10 Indian Institute of Foreign Trade (IIFT), Delhi

11 SP Jain Institute of Management and Research (SPJIMR), Mumbai

12 Management Development Institute (MDI), Gurgaon

13 Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

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Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

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Institute of Management Technology (IMT), Ghaziabad

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National Institute of Industrial Engineering (NITIE), Mumbai

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Symbiosis Institute of Business Management (SIBM), Pune

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Xaviers Institute of Management (XIMB), Bhubhaneswar

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Tata Institute of Social Sciences (TISS), Mumbai

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Shailesh J Mehta School of Management (SJMSOM), IIT Mumbai

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Dept of Management Studies (DoMS), IIT Delhi

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Symbiosis Center for Management and Human Resource Development (SCMHRD), Pune

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Mudra Institute of Communications (MICA), Ahmedabad

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Indian Institute of Management (IIM), Shillong

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KJ Somaiya Institute of Management and Research (SIMSR), Mumbai

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Industrial and Management Engineering, IIT Kanpur

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Symbiosis Institute of International Business (SIIB), Pune

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TA Pai Management Institute (TAPMI), Manipal

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Vinod Gupta School of Management (VGSoM), IIT Kharagpur

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Dept of Management Studies, IIT Madras

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International Management Institute (IMI), Delhi

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Institute of Rural Management (IRMA), Anand

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Symbiosis Institute of Business Management (SIBM), Bangalore

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NIRMA Institute of Management, Ahmedabad

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ICFAI Business School, Hyderabad

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Goa Institute of Management (GIM), Goa

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Department of Management Studies, IIT Roorkee

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Great Lakes Institute of Management, Chennai

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Welingkar Institute of Management, Mumbai

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FORE School of Management, Delhi

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Xaviers Institute of Management and Entrepreneurship (XIME), Bangalore

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Xaviers Institute of Management and Research, Mumbai

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Loyola Institute of Business Administration (LIBA), Chennai

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Bharathidasan Institute of Management (BIM), Trichy

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Lal Bahadur Shastri Institute of Management (LBSIM), Delhi

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Master of Finance & Control (MFC), Delhi University

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Symbiosis Institute of Mass Communication (SIMC), Pune (PGDCM)

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University Business School, Chandigarh

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Birla Institute of Management Technology (BIMTECH), Noida

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Institute of Management Technology (IMT), Nagpur

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Institute for Financial Management & Research (IFMR), Chennai

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Symbiosis Institute of Telecom Management (SITM), Pune

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Symbiosis Center for Information Technology (SCIT), Pune

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Xaviers Institute of Social Sciences (XISS), Ranchi

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Dept. of Management Studies, (NIT) Trichy

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Indian Institute of Forest Management (IIFM), Bhopal

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Institute of Management Development Research (IMDR), Pune

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Department of Management Sciences, Pune University

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Sydenham Institute of Management Studies (SIMSREE), Mumbai

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ICFAI Business School, Mumbai

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Master of Human Resource and Organizational Development (MHROD), Delhi University

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Alliance Business Academy (ABA), Bangalore

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Department of Business Administration, Christ University, Bangalore

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Institute for Technology and Management (ITM), Navi Mumbai

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Amity Business School (ABS), Noida

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International School of Business and Media (ISBM), Pune

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Symbiosis Institute of Operations Management (SIOM), Nashik

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Indian Business Academy (IBA), Bangalore

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NIILM Centre for Management Studies, Delhi

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Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata

71 NL Dalmia Management Institute of Studies & Research, Mumbai

72 Army Institute of Management, Kolkata

73 MET Institute of Management, Mumbai

74 Department of Management Studies, NIT – Durgapur

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75 International School of Management Excellence (ISBE), Bangalore

76 SIES College of Management Studies, Navi Mumbai

77 SDM Institute for Management Development, Mysore

78 Balaji Institute of Modern Management (BIMM), Pune

79 Institute of Petroleum Management, Gandhinagar

80 Bangalore Management Academy (BMA), Bangalore

81 Kirloskar Institute of Advanced Management Studies, Harihar

82 Maharashtra Institute of Technology School of Management (MITSOM), Pune

83 National Insurance Academy School of Management (NIASoM), Pune

84 Gitam Institute of International Business (GIIB), Vishakhapatnam

Source: http://pagalguy.com/rankings/

Many would be in dilemma by seeing few institutes in higher ranking where as other institutes in low rank. This is because one would get the realistic picture of people who has taken the polls.

The ranks of the institute might change from year to year but what is important here is to know good institutes where one can bank upon.

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Institutes with Specific Specialization

There are few institutes which are specialized and famous for the specialization that they provide. Few of such institutes with specific specialization are as follows.

Rural Management

- Institute of Rural Management, Anand

- KIIT School of Rural Management, Bhubaneswar

- Xavier Institute of Management, Bhubaneswar

Foreign Trade/ International Business

- GITAM Institute of International Business (Formerly GITAM Institute of Foreign Trade)

- Institute of Business Management & Research

- Indian Institute of Foreign Trade

Human Resource

- Symbiosis Center for Management and Human Resource Development

- Tata Institute of Social Sciences

- Xaviers Labour Relations Institute

Telecom

- Indian Institute of Telecom Management

- Symbiosis Institute of Telecom Management

Medical / Biotech / Healthcare

- Department Of Management Sciences (PUMBA)

- Institute of Clinical Research India

- Symbiosis Centre of Health Care /Symbiosis Institute of Health Sciences

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Advertising and Communication

- Mudra Institute of Communications (MICA), Ahmedabad

- Symbiosis Institute of Mass Communication

Travel & Tourism/Hospitality

- Christ University, Bangalore

- Indian Institute of Tourism and Travel Management (IITTM) Gwalior

- Kuoni Academy of Travel

- National Institute of Tourism and Hospitality Management, Hyderabad

Retail

- Institute for Technology and Management, Kharghar

- K.J. Somaiya Institute of Management Studies and Research

- Welingkar Institute of Management Development & Research, Mumbai

Energy/Oil and Gas

- Institute of Petroleum Management, Gandhinagar

- Indian School of Mines, Dhanbad

- Rajiv Gandhi Institute of Petroleum Technology

- University of Petroleum and Energy Studies

Information Technology

- Indian Institute of Information Technology

- Symbiosis Centre for Information Technology

- Symbiosis Institute of Computer Studies & Research

* The Institutes are listed in the alphabetical order and not in any rank basis. It is just a tentative list. There may be many more institutes which might provide such program which may not been listed here.

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General Admission Procedure

The admission procedure for MBA/PG is based on various parameters. The general admission procedure is as follows. Further it may vary from one institute to other. For example Group Discussion is common in many institutes but in ICFAI Business School they have Micro Presentation instead of Group Discussion.

The admission procedure that normally an institute follows is as below.

- Written Test

- Group Discussion

- Personal Interview

Admission procedures differ in some cases on yearly basis and also from institute to institute. Few institutes also make aspirants to write an essay where as few conduct psychometric test.

Normally written test is comprised of questions from following areas (which may

differ from institute to institute)

· Logical Reasoning

· Quantitative Technique

· Data Interpretation

· Verbal Ability

· General Knowledge (In some case)

The students are short listed after written test. Only those students who qualify

the written test are called for GDPI. Based on GDPI and other details (such as

Academic, Extra Curriculum, and Work Experience) final list of selected

candidates is issued.

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Wrapping Up

Management education is in much demand in India. Selecting the right B school is much more important than doing an MBA. MBA from premier or good institute counts. One can find many MBA qualified people everywhere around us, but only those with good tag get an upper edge. Thus don’t be hasty in selecting the college, prepare some steps/criteria on your own, which may help you in short listing the college.

For example, the selection of college may be based on following points:

· Area of Interest

· Faculty

· Placement Record

· Location and Infrastructure

· Course Curriculum & pedagogy, etc.

One can add or delete the points based on our interest. This can be considered as an example which may facilitate you to move ahead.

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References

http://rankings.pagalguy.com

http://www.icetinfo.com

http://www.ismdhanbad.ac.in

http://www.pdpu.ac.in

http://www.ipmg.ac.in

This data is copyright to Nihit Jain. Use and reproduction of this data is authorised for educational or other non-commercial purposes without prior permission from the copyright holder. Use or reproduction of the data for commercial purposes is prohibited without the prior written permission of the copyright holder.

The copyright holder will not be held responsible for any consequence from the use or misuse of these data by any organization or individual.

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