Types of MBA Courses: Top Specialisations, Universities, Fees and More
Why an MBA above any other degree? Is doing an MBA worth it? All these questions pop up when choosing to pursue an MBA programme. Let me tell you that an MBA is a renowned programme in India, and the demand is surfing high in the business landscape. An MBA is an excellent option to upgrade your future career with a potential salary and offers multiple advantages such as flexibility, networking opportunities, a broad course curriculum, etc.
This blog will teach us about different types of MBA courses, various specialisations, top universities, and career prospects.
What are the Different Types of MBA Courses?
MBAs come in different formats; all you need is the right direction to choose from various options. Let’s examine the other types of MBA courses that will help you align with your career goals.
Full-Time MBA: This is a type of MBA in which students have to be physically present and should not opt for employment during the programme. There are basically two types: one-year and two-year programmes.
Below are the other features that can be taken to help you understand the course better.
| Parameters | Details |
| Eligibility Criteria | Graduate from any well-known university with 50% marks and 45% marks for reserved categories. |
| Ideal For | Graduates or professionals with 2-3 years of experience |
| Course Structure | Core subjects, electives, internships and live projects |
| Course Outcome | Comprehensive knowledge, wide networking options and career advancement |
- Part-Time MBA: This offers a more flexible learning mode than a full-time course, empowering you to continue your job while pursuing your studies.
The part-time MBA is less competitive and takes 18 to 24 longer months to complete. Depending on the university, part-time MBA courses can have in-person or weekend classes, giving you control over your learning schedule.
Here are the other parameters to look into.
Parameters Details Eligibility Criteria Bachelor’s degree from a reputed degree with 50% of marks. Ideal For Mid-level professionals seeking to advance their careers. Course Structure Flexible time, weekend and evening classes Course Outcome Potential for promotion, enhanced skill-set. - Executive MBA: Among other types of MBA courses, executive MBA is designed for working professionals and executives with 5 years of experience. It aims to upscale your career and help you climb the corporate ladder. It is considered a subset of a part-time MBA because classes are taken primarily on weekends, allowing you to continue with your job.
- Below are some other parameters for a better understanding of the course.
| Parameters | Details |
| Eligibility Criteria | Bachelor’s degree from a well-known university with a minimum of 50% of marks. Two years of work experience is required at the managerial level. |
| Ideal For | Senior executives and working professionals |
| Course Structure | Focused on leadership and strategy |
| Course Outcome | C-suite positions, leadership roles, entrepreneurial ventures. |
Online MBA: This is a complete online MBA programme that offers a flexible learning format. Aspirants don’t have to attend offline classes, and even exams are taken in an online mode. Online MBA is cost-effective and allows aspirants to study at their own convenience.
Here are the other features of the online MBA programme.
| Parameters | Details |
| Eligibility Criteria | Graduate from a recognised university. |
| Ideal For | Professionals who want flexibility in study and work. |
| Course Structure | Self-paced learning and online modules |
| Course Outcome | Career upliftment, global career opportunities. |
What are the Popular MBA Specialisation?
- MBA in General Management: In this programme, you’ll gain a wide range of business knowledge, which will help you learn various aspects of business, including human resources, marketing, and other business systems.
- MBA in Marketing: This is among many types of MBA courses in which you’ll learn about marketing and different subjects, such as promotion strategy, marketing research, international marketing, and marketing psychology.
- MBA in Digital Marketing: This online marketing course includes SEO, social media, and content marketing for the digital landscape.
- MBA in Human Resources: This course guides students in managing work dynamics, training, and the recruitment process.
- MBA in Finance: Among other types of MBA courses, finance provides expertise in financial management, investment analysis, and managing corporate finance of an organisation’s financial resources.
- MBA in Operations Management: This course focuses on production process optimisation, managing supply chain and improving operational efficiency.
- MBA in Information Technology: This program mixes business management with IT skills, later preparing students to manage industry and technology-based business environments.
- MBA in Event Management: There are many other types of MBA courses, but the MBA in Event Management programme offers students the opportunity to develop planning skills and organise and implement various events, from corporate functions to large-scale events.
- MBA in Business Analytics: This course offers statistical modeling, proper decision-making, data analysis and driving business performance.
- MBA in Entrepreneurship: There are other types of MBA courses, but the MBA in entrepreneurship course offers developed skills to help you grow a successful business venture and manage your own business as a company or startup.
MBA Specialisation Course Fee and Average Package
Below are the MBA specialisation along with the course fee and salary package for precise comprehension of the course.
Top MBA Specialisation | Course Fee in INR | Average Package in INR |
MBA in General Management | 10,00,000 to 30,00,000 | 10 LPA to 40 LPA |
MBA in Marketing | 3,00,000 to 25,00,000 | 5 LPA to 20 LPA |
MBA in Digital Marketing | 3,00,000 to 15,00,000 | 5 LPA to 10 LPA |
MBA in Human Resource | 5,00,000 to 20,00,000 | 4 LPA to 8 LPA |
MBA in Finance | 5,00,000 to 25,00,000 | 4 LPA to 10 LPA |
MBA in Operations Management | 4,00,000 to 20,00,000 | 8 LPA to 15 LPA |
MBA in Information Technology | 5,00,000 to 25,00,000 | 3 LPA to 6 LPA |
MBA in Event Management | 2,00,000 to 15,00,000 | 3 LPA to 15 LPA |
MBA in Business Analytics | 6,00,000 to 15,00,000 | 3 LPA to 10 LPA |
MBA in Entrepreneurship | 2,00,000 to 25,00,000 | 10 LPA to 30 LPA |
Please Note: The fees and salary given above are subject to change.
Top B-Schools for Full-Time MBA Programme
MBA is regarded as one of the primary degrees with reputed weightage in India, and many students choose it to advance their careers. Check some of the popular MBA B-Schools that offer MBA programmes in India.
Top MBA B-Schools | NIRF Ranking | Fee Structure in INR |
IIM Ahmedabad | #1 | 33,00,000 |
IIM Bangalore | #2 | 24,50,000 |
IIM Indore | #8 | 20,11,800 |
NMIMS Mumbai | #21 | 24,00,000 |
XLRI Mumbai | #9 | 55,00,000 |
Great Lakes of Management | #31 | 14,77,800 |
IIFT Delhi | #15 | 21,77,314 |
Jamia Millia Islamia | #3 | 3,00,000 |
Please Note: The fees mentioned above can change depending on the university, location, and chosen course.
Top Online Universities for MBA Programmes
MBA is a sought-after programme, and now aspirants can take advantage of an online MBA course that offers the same course structure as a regular MBA programme. Let’s check out some of the top online MBA universities in India.
Top Online Universities with Courses | NIRF Ranking | Fee Structure in INR |
Amity Online MBA | #28 | 1,95,000 |
Manipal Jaipur Online MBA | #79 | 1,75,000 |
LPU Online MBA | #45 | 1,62,800 |
Jain Online MBA | #85 | 1,20,000 |
MAHE Online MBA | #4 | 2,80,000 |
OP Jindal Online MBA | – | 1,60,000 |
DY Patil Online MBA | #81 | 1,69,200 |
Uttranchal Online MBA | #151-#200 | 80,000 |
Please Note: The salary above is subject to change and can depend on location, course chosen, and university. For full clarification, students can get expert counselling from Hike Education.
How to Choose the Right Course for an MBA?
- Choose Your Goals: When thinking about pursuing an MBA degree, start with research and your field of interest. You should have clarity while doing an MBA programme, like a salary hike, enhancing your domain knowledge, or achieving advanced qualifications. These reasons will fit right when identifying your career goals.
- Accreditations: Check the universities’ accreditations, as they depict the quality of education. There are various accreditation bodies, such as UGC, NAAC, AICTE, and AACSB.
- Reputation: Check if the university is reputed and credible, which adds weight to your MBA degree. Look for renowned rankings such as NIRF, QS Ranking, etc., which set the university apart.
- Cost of the Programme: Check the university and course fees to understand the fee structure. Many universities offer EMI and installment options to reduce the financial burden.
- Location of the Institution: The location matters the most when opting for a regular or part-time MB. If your university is far from your home, it might cost you money and time.
- Course-Curriculum: There are different types of MBA courses, each serving a different curriculum. Check if the course curriculum you’ve chosen aligns with your career goals. Review and research the syllabus and compare the knowledge you’ll fetch. Having a clear idea about the programme can help you understand the electives, assignments, mode of examination, etc.
- Placements: When choosing an MBA programme, placement is the key reason why many aspirants join the course. They expect that getting into a top B-school with a good placement record can help them get job opportunities at top MNCs.
Conclusion
Choosing the right MBA course requires deep research, personal commitments, career goals, etc. Different types of MBA courses are available, from which students can choose according to their preferences.
You can select from available types of courses such as full-time MBA, part-time MBA, executive MBA and online MBA. Whether you’re a fresher or a graduate looking for quality education, these MBA courses can help you achieve your career goals and help you thrive in your life.
For more information, visit Hike Education for free student counselling, where you can get in-depth details about the chosen course.
Types of MBA Courses: FAQs
Q1. What are the different types of MBA courses?
There are other types of MBA courses available, which include:
- Full-time MBA
- Part-time MBA
- Executive MBA
- Online MBA
Q2. Which MBA is most in demand?
Here are the in-demand MBA programme
- MBA in General Management
- MBA in Marketing
- MBA in Human Resource
- MBA in Finance
- MBA in Business Analytics
Q3. Which MBA is best for the CEO?
If you aim to become a CEO at an investment firm or marketing organisation, then choosing an MBA in finance and marketing will be considerable.
Q4. How much is the salary of an MBA graduate?
The average salary of an MBA graduate in India ranges from INR 7 to 12 LPA, and sometimes it can be as high as INR 40 for positions like investment banker and management consultant.
Q5. Which MBA is most difficult?
An MBA in operations management is one of the toughest specialisations.
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