An MBA qualification provides an integrated understanding of business practices. Candidates are prepared for senior management roles by exposing them to all areas of business, including accounting, finance, marketing, and human resources.
According to a recent survey, a Master of Business Administration (MBA) is highly recognised by employers worldwide and is currently the world’s most popular professional degree programme. There are numerous reasons to pursue an MBA degree. This blog covers everything you need to learn about an MBA qualification.
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What is an MBA?
The Master of Business Administration is the world’s most popular professional degree programme. An MBA programme is usually designed for business students with appreciable management-level experience gained in the workplace and who wish to develop their leadership skills further.
Business schools offer various types of MBA programmes. Each programme type is categorised based on the course duration and formats:
- One-year MBA
- Two-year MBA
- Online MBA
- Executive MBA
What is an MBA Qualification?
An MBA is a postgraduate qualification that provides students with high levels of knowledge and skills in business management. An MBA is a master’s degree and is highly valued by employers.
- An MBA degree is the prime business qualification anywhere in the world.
- Professionals choose an MBA degree as it helps them to stand out significantly in the competitive business world.
- An MBA degree develops the leadership and skills required to manage a business, government, and nonprofit organisation or start a business.
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Importance of an MBA Qualification
The Master of Business Administration programme is a business management degree that develops the leadership and skills required to manage a business or start a firm. The highly competitive market demands both managerially skilled and intelligent professionals.
An MBA qualification focuses on all the disciplines required to run a business: business strategy, finance, accounting, marketing, operations, technology, organisational behaviour, economics and entrepreneurship.
Other important aspects of an MBA Qualification include:
- An MBA qualification empowers graduates to engage with specialist and non-specialist colleagues from different disciplines.
- An MBA qualification explores key management practices and principles in HR, leadership, finance, marketing, IT, operations, innovation, economics and research.
- Promotes independent thinking, self-direction and autonomous behaviour in planning and implementing solutions for organisations.
- An MBA qualification involves mastery of prevailing business theories and expanding the business vocabulary by improving confidence and developing communication.
- An MBA programme is designed to assist students with solving intricate business problems ethically and sustainably by making informed decisions through the use of information and data innovatively and scientifically.
Entry requirements for an MBA Qualification
An MBA programme is usually designed for working professionals. Most universities and colleges have different entry requirements for the MBA and other higher certificate programmes. These entry requirements vary widely depending on the specialisation and the specific programme, as well as the host country. These entry requirements ensure students possess the requisite skills and knowledge to complete the programme successfully.
The general eligibility criteria for the admission to an MBA programme include:
- Relevant work experience
- A bachelor’s degree with an average of 50% or higher marks.
What Qualifications are needed to get into an MBA?
The MBA can be pursued by students from any background discipline, including commerce, humanities, and science. Professionals with a CA, CS, ICWA, and other degrees are also eligible to pursue an MBA.
To qualify to enter an MBA degree you need:
- A minimum of a 50% aggregate or an equivalent CGPA from a recognised university in any discipline.
- A graduate degree under any discipline’s 10+2+3 pattern, securing at least a 50% aggregate from a recognised university.
- An honours degree under the 10+2+4 pattern, securing at least a 50% aggregate from a recognised university.
- Candidates who have passed a bachelor’s or master’s degree through correspondence, or online through the open university system or any other legally recognised university, are exempted from the 10+2 pattern.
- Candidates who have a bachelor’s or master’s degree from a recognised university are eligible for admission to the MBA programme.
- Another essential qualification for admission into an MBA programme is the MBA entrance exam. Generally, MBA exams are conducted at different levels:
- National: CAT, MAT, CMAT
- State: MAH CET, TSICET, UPSEE, TANCET
- University/college: IIFT, SNAP, XAT, IGNOU OPENMAT
- Foreign universities or MBA abroad: GRE, GMAT
Apart from the MBA entrance exams named above, there are many more exams, including ATMA, NMAT IIFT etc, that some institutes accept as MBA qualification criteria.
What is an MBA Qualification? – FAQs
What is an MBA?
An MBA (Master of Business Administration) is the world’s most popular professional degree, designed to enhance leadership and management skills for business professionals.
What does an MBA qualification provide?
An MBA provides an integrated understanding of business practices across disciplines such as accounting, finance, marketing, and human resources, preparing candidates for senior management roles.
Why is an MBA highly valued?
An MBA is highly recognized by employers globally due to its focus on developing leadership and business management skills, making graduates stand out in the competitive business world.
What are the different types of MBA programmes?
MBA programmes vary in duration and format, including options like one-year MBA, two-year MBA, online MBA, and executive MBA.
What are the key entry requirements for an MBA programme?
General entry requirements include relevant work experience, a bachelor’s degree with at least a 50% average, and passing an MBA entrance exam such as CAT, GMAT, or GRE.
How does an MBA develop leadership skills?
An MBA fosters leadership by teaching critical skills in business strategy, finance, marketing, and more, while promoting independent thinking and decision-making in business management.
What is the importance of an MBA in today’s business world?
An MBA equips professionals with the knowledge to navigate a highly competitive market, preparing them to manage businesses, lead organizations, or start their own firms.
Can professionals from any discipline pursue an MBA?
Yes, students from commerce, humanities, science, and professionals with degrees like CA, CS, and ICWA are eligible to pursue an MBA.
What entrance exams are required for an MBA?
Entrance exams for MBA programmes include CAT, MAT, GMAT, GRE, and others, with different exams accepted by various institutions and countries.
How does an MBA programme prepare students for business challenges?
An MBA teaches students to solve complex business problems ethically and sustainably, using innovative, data-driven approaches to make informed decisions.
