BUSINESS & MANAGEMENT
Bachelor of Business Administration
Bachelor of Business Administration is an Undergraduate Academic Degree which is awarded for a course or program in Business Administration. It is also known as B.B.A. which is an abbreviated form of the Bachelor of Business Administration. The duration of Bachelor of Business Administration is 3-4 years, divided into a number of semesters. B.B.A. Course is designed to provide basic understanding about Management education and to train the students in communication skills effectively which inculcate entrepreneurship skills. The students are prepared to explore opportunities being newly created in management profession. Business Administration study methodology involves training through practical experience in the form of case studies, projects, presentations, industrial visits, and interaction with experts from the industry. Bachelor’s degree programmes in Business Administration/ Business Studies/ Management Studies are called by various names by the different universities. Hence, they will have various names like B.B.M., B.B.S., B.M.S. courses, all of which are more or less the same thing. B.B.A. can also be pursued through Distance Learning Programs by various Institutions.
Any candidate who has passed HSC(10 + 2) exam from any stream with English as passing subject and secured minimum 45% marks at 12 std. Admission is base on the entrance test. Normally, there is an objective-type entrance test for admission to B.B.A./ B.B.S./ B.M.S. courses which evaluates English language, quantitative aptitude and reasoning skills. Some Institutes conduct no entrance test if one has :
- UGAT appeared students with a score of more than 500.
- 10+12+1 cleared students (1 year of University education).
- British ‘A’ level qualification with minimum grade B.
- Scored more then 70% marks in Class XII.
Bachelor of Business Administration Subjects
- Principles of Management.
- Business Mathematics and Statistics.
- Business Economics.
- Introduction to Operations Research.
- Financial and Management Accounting.
- Production and Material Management.
- Personnel Management and Industrial Relations.
- Marketing Management.
- Business Data Processing.
- Business Laws.
Bachelor of Business Administration Specialisations
- Legal Studies.
- Management information systems.
- Supply chain management.
Master of Business Administration
Master of Business Administration is a Postgraduate Academic Master Degree which is awarded for a course or program in Business Administration. It is popularly known as M.B.A. which is an abbreviated form of Master of Business Administration Degree. Master of Business Administration is one the most sought after courses which can be attained by students of any stream. It is normally a 2 years program with 2 or more Semesters. M.B.A. degree in India is examination oriented and concentrates on theoretical aspects of management. There are 2 types of M.B.A. – General MBA, which is often shorter in duration and Specialized MBA, which may take longer but is more marketable. The program is available in various subjects whose material focuses on commerce, management and economics related subjects. Programs usually include a thesis component, or may even be exclusively research based. The course strengthens the theoretical, analytical and applied knowledge base of Business Administration. The IIM and other autonomous business schools offer a post-graduate diploma in management (PGDM) or Post Graduate Programme in Management (PGPM) which is recognized in India as similar to an MBA degree. Government accreditation bodies such as AICTE established that autonomous business schools can offer only the PGDM or PGPM, whereas a post-graduate degree can be awarded by a university-affiliated colleges, in two-year full-time program. The curriculum of the PGDM or PGPM and MBA degrees are equivalent, though PGDM or PGPM is industry-oriented and mainly focuses on building soft skills. However, a PGDM or PGPM holder cannot pursue Ph.D. since it is not recognized. Non-government accredited Business Schools have mushroomed up owing to the popularity of Business Administration. 1 year fast-track programs have also proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Programme (PGP) in Business Management.
MBA course curriculum in India can be categorized into the following 4 segments:
1. Full-time MBA – A full-time MBA usually comprises 4 semesters, inclusive of dissertation and project work, industrial exposure and summer internship. The students take up their respective major and minor specialization subjects. The choice of specialization subjects generally include: Marketing, Finance, Human Resources, Operations and Logistics, Information Technology, Systems, International Trade and Business, Consumer Behaviour, Risk Management and many others.
2. Executive MBA – Executive MBA, part time MBA, distance learning MBA and even online MBA courses are increasingly becoming popular in India.
3. Part-time MBA.
4. Distance Learning MBA.
5. Online MBA.
Part Time, Distance Learning and Online MBA courses offer flexibility to the students to study according to the availability of time they have at their expense.
Eligibility of MBA in India
Admission to any of the IIM (Indian Institutes of Management) schools requires passing Common Admission Test (CAT), however other business schools requires passing either CAT, XAT, GMAT, JMET or MAT each of which qualifies candidates for entrance into any management institutions in India, apart from these entrance tests there are few business schools which conducts aptitude test individually which qualifies candidates for that particular business school. The short listed candidates of the IIMs and some other leading management institutes are expected to write essays. Group discussions and personal interviews are also conducted generally to determine the personality traits and communication skills of the candidates. For many management colleges in India, Admission: Many B-schools offer admission to a candidate on the basis of the cumulative scores of the Entrance Exam, GD/PIs, and sometimes work experience.
- Fundamentals of Accounting.
- Financial Accounting.
- Strategy and Marketing Management.
- Organizational Behaviour and Managing Human Resources.
- Entrepreneurship and Business Planning.
- Quantitative Analysis.
- Organizational Behaviour.