Course Information

Best MBA Colleges in Madurai – Course Details, Eligibility, Scope & Opportunities

MBA Madurai

MBA is like the cool kid in a class. Everyone wants to be like him or her but not all of them have the necessary means to pull it off. MBA is cream of the crop when it comes to higher education.

It’s a post graduation degree that is synonymous with career security, high salaries and tremendous professional growth. Ask any graduate about their further studies plans and nine out of ten would be contemplating about doing an MBA. MBA is a sophisticated course that is well-respected in corporate circles and the industry as a whole, which is why a large majority of the graduates flock towards the programme.

A relatively high course fee too doesn’t hinder them from pursuing MBA as many are confident of repaying education loans owing to a bright future.

Even though some of the MBA graduates may currently be unemployable due to a lack of technical knowledge, there many b-schools and management colleges that offer extremely comprehensive MBA programmes at different price slabs.

Before we get to all the details though, let’s take a brief look at the course…

What is MBA?

Master of Business Administration (MBA) aims that familiarizing the candidate with the underlying and precocious principles of business, management and administration. Any business or corporate entity is made up of a complicated web of different departments and individuals working in cohesion.

Finance, Human Resources, Operations, Business Development and Logistics are some of the areas that form any organization and efficient management of them all is the most important aspect of ensuring results.

MBA candidates are taught the fundamentals of the different areas mentioned above and the ways to tackle various problems that may arise in a business.

MBA isn’t just managerial in nature as it also focuses on enhancing a candidate’s leadership and administrative skills. While there is a general MBA course that covers all grounds, there are many branches offered that revolve around specific fields. The most popular ones have been listed below:

Finance
Marketing
Banking
Human Resources
Operations Management
Business Development
Logistics and Supply Chain Management
Tourism and Hotel Management
Hospitality
Retail Management
Hospital Management
International Business
Production Management
Agri-Business
Information Technology
Pharmaceutical Management

MBA Duration

Master of Business Administration (MBA) is a 2-year post graduate master’s programme that is split into 4 semesters. Each year contains 2 semesters with a minimum of 5 or more subjects in each term. The course also has a mandatory 6-month internship period.

As MBA is in heavy demand, there are different iterations offered by colleges which have been listed below:

Full-Time MBA: 2-Year MBA programme offered on campus on a full-time basis

Distance Learning MBA: 2-Year MBA programme for working professionals who may not be able to commit time to an on-campus course.

Executive MBA: 1-Year programme specifically designed for executives who have to juggle work and higher studies. Some institutes offer 2-year courses.

Let’s focus on the full-time MBA then…

MBA Eligibility Criteria

Candidate must have a Bachelor’s degree from any branch or stream. Engineering, management, arts & humanities, and commerce graduates can all apply for an MBA.
The minimum cut-off is 50% scored at the graduation level
Almost all MBA colleges would need you to pass an entrance exam, which are conducted at the national, state and university levels.

MBA Admission Procedure

What kind of an MBA programme would suit you? That’s the first question that you need to answer.
The next and most obvious move would be to inquire about an MBA entrance exam. All the details can be found the websites of the statutory bodies conducting the test.
MBA entrance exam rank lists are released and subsequently, colleges put out a cut-off list.
If you have been shortlisted by the college of your choice, the next step would be to clear the group discussion and personal interview rounds before admission is confirmed
Some institutes may do without the interview rounds and also an entrance exam; however, there are very few colleges which do so.

MBA Entrance Exams

CAT
XAT
TANCET
CMAT
GMAT
CUCET
MAT

Most MBA entrance tests contain MCQ and non-MCQ questions that test a candidate’s verbal reading, quantitative analysis, data interpretation, and general reasoning. MBA entrance exams are amongst the toughest in aptitude tests in India and require thorough training. Follow this link for more details and application forms for CAT.

MBA Course Syllabus

MBA courses are made up of theoretical lectures, practicals, real-world training and intense seminars and research projects. Semester-end written examinations, projects, internships, dissertation and Viva Voce are used for assessment of progress.

Every business school has a general MBA course that has an overview of business and administration; however, branch-specific specializations have a different set of subjects. We have a semester-wise breakdown of the subjects offered as part of the general MBA course:

Semester I

Management Concepts

Communication Skills

Statistics for Management

Economic Analysis for Business

Legal Aspects of Business

Organizational Behaviour

Accounting for Management

Semester II

Production & Operations Management

Human Resource Management

Financial Management

Information Management

Marketing Management

Business Research Methods

Quality Management

Semester III

Applied Operations Research

Enterprise Resource Planning

Consumer Behaviour

Integrated Marketing Communications

International Business Management

Strategic Management

Training and Development

Semester IV

Industrial Relations and Labor Welfare

Indian Banking Financial System

Materials Management

Supply Chain Management

Strategic Investment and Financing Decisions

Project Work in the relevant specialization

MBA Average Course Fees

The average course fee for MBA of colleges in Madurai is between Rs. 40,000 – 80,000 per annum. There are a handful of top private universities that are predictably costly as the course fee ranges between Rs. 1.5 – 3 lakhs per annum.

The fee of colleges in Madurai is comparatively lesser to other management colleges in India, which is a good thing as MBA is notorious for being exorbitantly pricey.

MBA Scope and Job Opportunities

Small as well as large business organizations place MBA grads atop the list of requirements as they bring in a higher level of technical expertise. The reputed b-schools and management institutes boast of an impressive 47% placement wherein corporate biggies hire the top-ranked students and offer them insane annual packages.

The jobs are there to be taken as there is diversity when it comes to the options. Hospitality, finance, baking, HR management, operations management, logistics and other such domains are known to be massive employers and as stated above, MBA graduates get first preference.

Some of the Employment areas you can get into after completion of MBA from best MBA colleges in Madurai:

Banks
Businesses and Companies
Multi-National Companies
Business Consultancies
Tourism and Hospitality
Financial Organizations and Firms
Institutes, Colleges and Firms
Recruitment Firms
Sales and Marketing
Brand Management
Public Relations
Event Management
Hospital Administration

Here are some of the top job roles and profiles:

Product manager
Financial manager
Marketing manager
Sales manager
Project manager
Accounting Manager
Treasurer
Operations manager
IT Manager
Supply Chain Manager
Brand Manager
Business Analyst
Human Resources Manager
Regional Sales Manager
Business Development Manager
Research and Development Specialist
Social Media Manager
Content Manager

Whether it is India or abroad, an MBA degree has great value and is given obvious weight above all other PG degrees. Due to the high number of MBA graduates, however, the competition has increased manifold and thus getting jobs is not as easy as it used to be even for those who have completed their MBAs.

Many graduates, despite having an MBA, are finding it tough to land jobs as it’s become a fad now to get the certificate which was once only reserved for a select few.

Having some experience and a solid understanding of the field that you’re in should help you get the desired job. There is also an option to do a Ph.D. or M.Phil. in management studies, if a candidate wishes to enter the highly rewarding research, analysis and development spectrum.

Yes, we know, let’s talk about the money…

MBA Salary and Payscale

A graduate who completes an MBA and has a couple of years of experience under his or her belt can see his overall salary package go up by almost 60%. Yes, that’s MBA in a nutshell for you.

Freshers with no prior work experience who have an MBA can take home an average of Rs. 3-4 lakhs per annum. MBA graduates with medium level experience get a handsome pay of Rs. 7-8 Lakhs per month.

For more clarification, let’s quickly look at the approximated salaries of some of the most common MBA job profiles: