The Master of Business Administration (MBA or M.B.A.) is a master’s degree in business administration, which attracts
people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the
late 19th century as the country industrialized and companies sought out scientific approaches to management. The core
courses in the MBA program are designed to introduce students to the various areas of business such as accounting,
finance, marketing, human resources, operations management, etc. Students in MBA programs have the option of taking
general business courses throughout the program or can select an area of concentration and focus approximately one-fourth
of their studies in this subject.
Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business
education. Business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and
distance learning students, with specialized concentrations. While there is a high premium attached to the MBA in India,
the profile of the business school awarding the degree is what adds value to the qualification, according to industry and
The MBA is considered a golden ticket to the world of professional success in India. A degree from a leading business
school such as the Indian Institutes of Management (IIMs) or the Indian School of Business (ISB) ensures a plum job, a
fat pay packet and a successful professional life.
At the recent student placements conducted by the Indian School of Business, 346 domestic and international companies
lined up with a variety of roles, including several senior management positions for students.
Scope of MBA
The scope for a MBA graduate is unparalleled. Apart from attractive pay packets and placements being offered at college-
level itself, it opens doors to various sectoral opportunities. The Indian Corporate world has seen many MBA
professionals occupying top slots in the corporate ladder.
Apart from Corporate careers, one can opt for entrepreneurship, work in co-operatives, NGO’s as the opportunities are
literally unlimited. Even when the industry goes through trends/fads, like the recent dot com fad, MBAs are the first in
and among the first out, thereby reaping the benefits of a rising industry and the smartness of exiting to a different
industry when the fall happened. This is due to the multi-dimensional, multi-tasking quality an MBA possesses. For
example: A MBA with Finance specialization does not necessarily fare poorly when the industry hits the doldrums. He gets
onto marketing of financial services (say, marketing of mutual funds or insurance products), thereby reducing career
Today, a Management Degree has become an attractive proposition, as there are attractive entry level salaries (including
$ salaries offered by some MNC’s) and typically, a Management Graduate gets absorbed into a Company through the Campus
Placement Program of the Institute. The MBA Program offers a lucrative career option to both experienced professionals as
well as fresh graduates.