MBA Handbook

Basic pre-MBA Queries

Prepared By: Nihit Jain Email: nihit_jain@rediffmail.com

Important
Ive made every effort to present exhaustive information about preMBA 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

Prepared by Nihit Jain

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 - 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. Lets 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 masters 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.

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.

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.

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.

Specializations
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Specialization is the most essential and looked on aspect of MBA. Many institutes are already recognized for the specialization they provide. It is normally 2nd year when the specialization is selected in many institutes but in some case it has to be chosen during 1st year itself. There are institutes which dont 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 dont. Institutes which dont 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 CAT XAT MAT SNAP IBSAT NMAT IIFT Entrance State Entrance (Few Entrances) M-CET GCET ICET Conducted By Institute/ State IIM XLRI AIMA Symbiosis ICFAI NMIMS IIFT 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.

Institutes in India

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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 14 Narsee Monjee Institute of Management Studies (NMIMS), Mumbai 15 Institute of Management Technology (IMT), Ghaziabad Prepared by Nihit Jain 12

16 National Institute of Industrial Engineering (NITIE), Mumbai 17 Symbiosis Institute of Business Management (SIBM), Pune 18 Xaviers Institute of Management (XIMB), Bhubhaneswar 19 Tata Institute of Social Sciences (TISS), Mumbai 20 Shailesh J Mehta School of Management (SJMSOM), IIT Mumbai 21 Dept of Management Studies (DoMS), IIT Delhi 22 Symbiosis Center for Management and Human Resource Development (SCMHRD), Pune 23 Mudra Institute of Communications (MICA), Ahmedabad 24 Indian Institute of Management (IIM), Shillong 25 KJ Somaiya Institute of Management and Research (SIMSR), Mumbai 26 Industrial and Management Engineering, IIT Kanpur 27 Symbiosis Institute of International Business (SIIB), Pune 28 TA Pai Management Institute (TAPMI), Manipal 28 Vinod Gupta School of Management (VGSoM), IIT Kharagpur 30 Dept of Management Studies, IIT Madras 31 International Management Institute (IMI), Delhi 32 Institute of Rural Management (IRMA), Anand 33 Symbiosis Institute of Business Management (SIBM), Bangalore 34 NIRMA Institute of Management, Ahmedabad 35 ICFAI Business School, Hyderabad 36 Goa Institute of Management (GIM), Goa 36 Department of Management Studies, IIT Roorkee 38 Great Lakes Institute of Management, Chennai 39 Welingkar Institute of Management, Mumbai 40 FORE School of Management, Delhi 41 Xaviers Institute of Management and Entrepreneurship (XIME), Bangalore 42 Xaviers Institute of Management and Research, Mumbai 43 Loyola Institute of Business Administration (LIBA), Chennai 44 Bharathidasan Institute of Management (BIM), Trichy 45 Lal Bahadur Shastri Institute of Management (LBSIM), Delhi 46 Master of Finance & Control (MFC), Delhi University Prepared by Nihit Jain 13

47 Symbiosis Institute of Mass Communication (SIMC), Pune (PGDCM) 48 University Business School, Chandigarh 49 Birla Institute of Management Technology (BIMTECH), Noida 49 Institute of Management Technology (IMT), Nagpur 51 Institute for Financial Management & Research (IFMR), Chennai 52 Symbiosis Institute of Telecom Management (SITM), Pune 53 Symbiosis Center for Information Technology (SCIT), Pune 54 Xaviers Institute of Social Sciences (XISS), Ranchi 55 Dept. of Management Studies, (NIT) Trichy 56 Indian Institute of Forest Management (IIFM), Bhopal 57 Institute of Management Development Research (IMDR), Pune 58 Department of Management Sciences, Pune University 59 Sydenham Institute of Management Studies (SIMSREE), Mumbai 59 ICFAI Business School, Mumbai 61 Master of Human Resource and Organizational Development (MHROD), Delhi University 62 Alliance Business Academy (ABA), Bangalore 63 Department of Business Administration, Christ University, Bangalore 64 Institute for Technology and Management (ITM), Navi Mumbai 65 Amity Business School (ABS), Noida 66 International School of Business and Media (ISBM), Pune 67 Symbiosis Institute of Operations Management (SIOM), Nashik 68 Indian Business Academy (IBA), Bangalore 69 NIILM Centre for Management Studies, Delhi 70 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 75 International School of Management Excellence (ISBE), Bangalore 76 SIES College of Management Studies, Navi Mumbai Prepared by Nihit Jain 14

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.

Institutes with Specific Specialization

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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

Advertising and Communication Mudra Institute of Communications (MICA), Ahmedabad Symbiosis Institute of Mass Communication

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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.

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

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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.

Wrapping Up

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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 dont 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.

References

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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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