After graduation, everybody must have a post-graduation plan. And must have heard the buzzword MBA, Master of Business Administration. It is the mainstream and most favourable master's course among undergrads in India and abroad. It can be pursued and get specialization in different categories.

Reasons to choose MBA, Master of Business Administration.

• Almost all domains and sectors require an MBA degree to be hired at managerial levels.
• These degree holders are leaders of the business world.
• Internationally, it is essential to obtain a high-level job in top companies.
• Approximately 79% of those with this degree work for established organizations.
• 10% of graduates opt for self-employment, that is, to become entrepreneurs. Most of the time, a person with this master's degree is a successful business person.
• The course is designed so that it helps the aspirant develop various business, interpersonal, and problem-solving skills.
• According to a website statistic, 91% of MBA graduates had hired in 2021.

Eligibility for joining the course:
The eligibility criteria differ from college to college. It is the first step on the road to an MBA career. Generally, to pursue the course, one has to score at least 50% of marks in graduation from any stream. Graduation course can be of 3 to 4 years.
To enter the business school, one must clear all levels of the Master of Business Administration process. The process includes:

• Entrance examination
• Group Discussion
• Interview round

These are the rounds B-schools follow, but the process can vary depending on the college. There are various entrance exams at both the national and state levels. The national level exams are conducted at the all-India level, and the all-India merit list is declared. In contrast, at the state level, particular states conduct entrance exams, and each state announces its cut-off point.
But few B-schools conduct their entrance exam and follow their partner selection process. CAT, XAT, CMAT, GMAT, SNAP, MAH CET, and OPENMAT are a few of the Master of Business Administration entrance exams.
A few B-schools ask for work experience depending on the course the student wants to opt for.

Categories of MBA, Master of Business Administration
A Master of Business Administration is pursued in 6 different modes. Nevertheless, B-schools are working hard to change the curriculum so that anyone working or fresh out of college can enrol in the course and get higher education. The commonly known mode are: Full-time course in Master of Business Administration It is most popular among fresh graduates. An aspirant who desires to pursue further studies and is willing to put in 2 years in a Master's program can opt for a full-time MBA program. During the first year of the course, the student gives an overview. This is followed by choosing a specialization during the second year of the course.

• Executive MBA
  

  This course is most suitable for working professionals. Individuals who want to upgrade their skills and have work experience can join the course if they are willing to take a break from their current job and opt to specialize. This course will help them to apply for higher-level positions.

• Online MBA
  

  During COVID-19, most people have opted for online MBA programs. It is a straightforward and flexible option for all individuals. Requirements to join the course depend on B-schools. Some B-schools offer this course for fresher, or some ask for experience.

• Distance MBA
  

  This is the correspondence course provided by the B-schools. Some students want to pursue an MBA from a renowned college but cannot be part of the college's infrastructure. Hence, these students go for distance education. Both working and non-working professionals can opt for this course.

• Integrated MBA
  

  An integrated MBA course or BBA MBA course is a 5-year course. It is a combination of undergraduate and post-graduate programs. Students can choose to join this program after completing their 12th grade from any stream, and they can both achieve their graduation and post-graduation together. Different colleges have different criteria for the selection of students. Some conduct entrance exams or even some select the students merit-based.

• Part-time MBA
  

  This course has an almost identical curriculum to a full-time course. The classes are conducted on weekends and after business hours on weekdays. This can be pursued along with the job. And it is quite cheaper than the full-time course.

Comparison of salary package of MBA grads and non-MBA grads
The above information must have given you an idea of the types of courses. Here is a quick comparison of the salary package of an MBA and non-MBA professional. Before that, let's understand some factors which influence the salary package.

Factors that determine salary package:

1. 1. Specialization
   

   The salary package for an MBA professional differs based on the specialization they have selected. Domains like finance, marketing, business analytics, human resources etc.

2. 2. Experience of the candidate:
   

   Working professionals, who have experience in the specific field in which the course is offered, can fetch a more significant package.

3. 3. Designation:
   

   The designation and the job profile for which the candidate is selected also determine the salary package.

4. 4. Institute and college
   

   Sometimes people join a college that is unknown or newly established, which leaves them in big trouble. Despite completing the course, they do not get jobs that are favourable. Therefore, it is very much necessary to select the proper B-school which has university grading and ranking. Also, this university provides better placement opportunities to its students.

5. 5. Industry
   

   The salary package also determines in which industry the candidate has got the job.

The average package which the candidate gets after completion is five lakhs per annum which can increase based on the company and profile the candidate is selected. Whereas, for Non-MBA graduates, the salary package starts at 2 to 3 lakhs per annum. There are, therefore, financial benefits to taking the Master of Business Administration course.

From the above-detailed explanation, you must have gained an understanding of the Master of Business Administration. As it is necessary to select the course carefully, selecting the best institute or B-school is imperative because only the best B-school can help develop skills and convert the individual into a professional.

Such an institute is ITM BUSINESS SCHOOL, VADODARA. The B-school offers a variety of Master of Business Administration programs that are UGC-recognised. And also renowned for providing excellent placements and remuneration packages in the industry. Find out more by clicking on the link below.