Master of Business Administration (MBA) program is quickly becoming one of the most sought-after postgraduate programs in India. MBA is an industry-oriented and practice-based program that equips students with the necessary skills to become successful business professionals.

The demand for the MBA program is increasing rapidly as more job opportunities with attractive salaries require managerial skills. Moreover, the growing number of startups in the economy means that having management expertise is essential for success. Here are a few insights into this postgraduate program to help you decide whether you should opt for this course or not:

Worth of the MBA Course

MBA is a postgraduate degree course aimed at nurturing a future manager in you. It also aims at enhancing your skills and helps you acquire the required business traits.

If you are looking for a managerial position or want to start your own business, this course would be beneficial for you. It is also ideal for anyone with years of experience and willing to grow in their company. During this journey, one can learn about Business and how to effectively administer people and resources to make logical and smart decisions.

MBA: A Prerequisite for Modern Manager

The MBA degree is one of the most relevant and beneficial management courses you can opt for. Most of these courses are designed practically, keeping in mind the changing business environment. Some courses are affiliated with industries to provide students with relevant internships that aim to train them in becoming more employable by learning to face real-life business situations. 

This Management course enables students to make informed decisions, tackle difficult situations, and do branding and effective implementation of plans – which are the core qualities of an entrepreneur or manager.

If you are taking admission to one of the Best B-Schools in India, like the School of Management Sciences (SMS), Varanasi, you can be sure that you are on the path to being a good entrepreneur during the two-year duration of the degree program. This autonomous business college works hard to instil qualities like Trust; a Sense of Ownership; a Sense of Contribution; Innovation; Modesty & Mutual Respect in its students.

Selection Criteria for MBA Admission

MBA in India is only valid if is a 2-year full-time course approved by AICTE, Ministry of HRD, and Govt. of India. The admission criteria for the MBA program at SMS Varanasi is:

• Graduate degree in any discipline with a minimum of 50% aggregate marks from a recognised university. SC and ST category students need to have a minimum of 45% aggregate marks to be considered for this course.
• Students need to present a valid scorecard for one of the following exams:
  • CUET PG
  • UPSEE
  • CAT
  • MAT
  • XAT
  • CMAT
  • SMS online test

Students will also have to undergo a personal Interview for admission to the SMS MBA program.

Please note: It is not necessary to have Math or English in your qualifying examination for admission to the MBA Program.

MBA can be done after B.E., B.Tech, B.Sc., or B.C.A.

Many students ask if they can do the MBA program after their graduation in B.E., B.Tech, B.Sc., or B.C.A.

Yes, you can pursue Master of Business Administration(MBA) degree course after any of these degrees!

Most of the top colleges offer specializations for students with engineering backgrounds like Cyber Security, Data Science, Machine Learning, etc. Many employers also prefer candidates with technical skills along with managerial skills.

Hence, doing an MBA course after these degrees will help you get better job opportunities and also make you more marketable.

Structure of the MBA Course

MBA is a two-year course including four semesters. The first two semesters focus on Fundamental Concepts and Skill Development and the last two semesters focus on Specialized Fields that the student has opted for.

In the MBA course, major subjects are Managerial Economics, Financial Management, Managerial Accounting, Human Resource Management, IT skills, Managerial Communication, Basics of Marketing, Business Ethics, Corporate Governance, etc.

Apart from theoretical subjects, there is an emphasis on IT skills, presentation skills, and personality development through GD, mock interviews and seminars.

Cost of Pursuing MBA

Every B-school has its own fee structure. It may cost you around Rs. 1 lakh to Rs. 12 lakhs or more to pursue a full-time MBA program.

MBA course fees vary according to facilities, infrastructure, and other features a college is providing to its students.

SMS Varanasi provides an affordable MBA program that costs around Rs 81,000 per semester (or Rs 3,24,000 for four semesters). The students have to pay the following fees (as a one-time payment):

• Admission Fee of Rs 10,000,
• Caution Money(Refundable) of Rs 5,000, and
• Alumni Fee of Rs 7,500 (Not applicable for students who did their Bachelor’s from SMS Varanasi).

New students taking admission to the MBA program can avail of Dr Sarvepalli Radhakrishnan Scholarship if they have scored 60% and above in Class 10th, 12th, and Graduation. This scholarship is worth 10% of the fee for the first year.

Students who pursued an undergraduate program from SMS Varanasi can also avail of Babu Nageshwar Singh Scholarships for Post Graduation Studies if they have scored 60% or more overall in their degree program. This scholarship is worth 15% of the fee for the first year. 

Salary after MBA

Just completing the MBA course does not guarantee an attractive package. The salary package of a MBA graduate depends upon several factors, like:

Skills, such as:

• Client handling capacity
• Good communication and Presentation skills
• Decision-Making Quality
• Adaptability and Optimistic Behavior

Knowledge, which includes:

• Academic Records
• Hand On Experience (Practical Knowledge)
• Ability to Showcase Knowledge

As a fresher, one can expect a decent package from INR 3-4 lakhs. There’s no upper limit to what one can earn. With experience, your salary package will grow exponentially.

Therefore, an MBA program in India is not just an educational certification but also an important step towards building a great career! Make sure to make the best of it! Consider joining the MBA course at SMS Varanasi if you are looking for a successful career in the field of business!