MBA is one of India’s most popular postgraduate courses, which provides access to a highly lucrative job market to candidates. Pursuing MBA can be an expensive affair as most IIMs and other top-ranking B-schools have a fee structure that is unaffordable to many management aspirants. Most candidates not having the financial capacity to pay fees have to give up their dream course. But many colleges offer courses at low fees, providing students with an opportunity to pursue their dream course within their budget.
The reason for high fees at IIMs and other top-ranking B-schools is due to the nature of their establishment. Institutions offering management courses are autonomous and are dependent on the fee for upkeep of their budget. In comparison, colleges affiliated with universities have a large budget and are funded and aided by the government and other non-governmental societies. So fees for MBA programs at Universities and affiliated colleges are much lower in comparison.
The MBA eligibility criteria is pretty simple. Graduates from any stream are eligible to pursue Management. There are many national level tests conducted by various governing agencies, like CAT by IIM’s governing body and MAT by ATMA. Students could pursue an MBA in a variety of modes, regular, online, and distance education. The only requirement is graduation from a recognized university.
Top 50 institutes tend to prefer CAT and MAT scores, or they conduct their admission process. Other than these few Institutes, most universities and colleges also allow students to take admission based on graduation marks and the GD/PI process.
Some universities and colleges offer an MBA course based on their assessment. In this case, marks of management tests like CAT, XAT, MAT are not given much weightage, and merit is based on qualifying degree marks. Sometimes colleges also prefer students with working experience or high achievers in sports and extracurricular activities.
The procedure for direct admission into colleges is straightforward.
- Register at the Institute’s website and fill the application form.
- Apply and pay the application fees.
- Upload the relevant documents.
- Give the GD/PI at the Institute and get the final admission offer.
- Pay the fees.
MBA After B Tech
In recent years a new trend has surfaced – engineering graduates going for an MBA degree. Technology is an integral part of the industry, so having management and tech skills gives candidates an advantage in managing the company. Students tend to go for MBA after Btech to enhance their career opportunities further. B Tech graduates have the advantage when they appear for CAT and other management level exams; they could easily crack the analytical part of the test.
Graduates usually accumulate a few years of working experience before going to management schools. When they graduate from a B school, they have access to several job opportunities. Choosing an appropriate management stream is essential, as the right combination could offer a lucrative career path, for example, doing MBA engineering management or MBA General Management. Several IIT’s have also started MBA programs that are best suited for B-Tech graduates.
There are several job opportunities for candidates with both Engineering and Management background. Candidates could work at a managerial position or go for a financial analyst position. Big brands like Amazon, JP Morgan, Facebook, etc., actively hire individuals who have technical and business skills.