MBA full form, that is, Master of Business Administration, is a postgraduate degree course that has gained popularity over the decades. The course’s popularity is evident through the fact that some might not know MBA full form but are aware of the fact that the course provides excellent career advancement opportunities in today’s world.
Students across the globe pursue an MBA degree upon the completion of their undergraduate education and are offered some of the highest-paying jobs in the corporate world. Despite the pandemic and loss of employment, MBA graduates from top universities were recruited in abundance and compensated with lucrative salaries.
It’s no secret that an MBA or Master of Business Administration is one of the most sought-after degrees in the world.
An MBA degree is famously known for imparting leadership traits and polishing the necessary skills required to succeed in the industry. Students can pursue a career in management both in the private and public sectors.
As per recent statistics, India needs roughly 35,000 and 40,000 managerial position holders every year. This constant demand for MBA graduates makes the MBA degree a lucrative option for students from all verticals.
But what is the MBA eligibility criteria? Who can enrol into an MBA program? Let’s find out.
The Craze around MBA as a Discipline and New Interventions
In the Indian educational domain, cracking competitive exams like CAT or GMAT is no cakewalk as the competition is usually neck to neck. Even 99 percentile holders are sometimes not eligible to appear for IIM interviews. Only the top 1% of students fight for a position in the top 6 IIMs (Indian Institute of Management). You probably know people who have appeared for these examinations at least once or more.
Not to mention, Bachelor degrees are inevitably made more remunerative in the corporate market when supplemented by an MBA degree. Therefore, the craze around MBA courses continues to grow, especially in the pandemic-stricken world where corporate finesse has reached its peak.
Statistics suggest that there have been around 3.66 crores of higher education enquiries in India in the last academic calendar, among which 5.97 lakh students chose management.
As one takes cognisance of the Indian context, it becomes clearer that MBA degree holders are often saturated.
In such a close-knitted competing scenario, upGrad with its remote education model, offers a golden opportunity where students can acquire world-class knowledge from world-renowned professors and experts and end up securing international job offers with high-end salaries. With the pandemic still going strong, online education is what’s enabling learners globally to upskill and attain knowledge.
One such MBA program is the MBA (Global) from Deakin Business School. We’ll discuss it in further detail below.
Who is eligible for enrolling in an MBA course?
The master of business administration degree is a converging point for students from different streams and fields. It is highly sought after due to its all-inclusive nature.
Required educational qualification for MBA:
Students need to meet a certain educational qualification for MBA. Students interested in the program usually require a Bachelor’s Degree in one of the following fields before enrolling into an MBA course:
Students interested in the program usually require a Bachelor’s Degree in one of the following fields before enrolling into an MBA course:
- Bachelor of business administration (BBA)
- Bachelor of Technology (B.Tech)
- Bachelor of Pharmacy and Pharmaceuticals
- Bachelor of Computer Ap application (BCA)
- Bachelor of Science (BSc)
- Bachelor of Arts (BA)
- Bachelor of Statistics (B.Stat)
- Bachelor of Legislative Law ( LLB)
Furthermore, any such similar bachelor’s degree from a recognised board course is acceptable.
Other eligibility criteria to pursue MBA:
Apart from the educational qualifications, business schools often require the students to meet specific benchmarks as well, and they may vary depending on the MBA course the candidate is opting for. Below is the list of eligibility for MBA, based on chosen specializations.
|Eligibility for MBA Specialization
|MBA in Human Resource Management
|MBA in Project Management
|MBA in Business Analytics
|MBA in Operations Management
|MBA in Information Technology
|MBA in International Business
|MBA in Marketing
|MBA in Finance
|MBA in Consulting
|MBA in Engineering Management
|MBA in Entrepreneurship
If you want to succeed as a business leader or a managerial head on the world platform, a global MBA is the way to go. upGrad’s MBA program is designed to help students hone their managerial and leadership skills and ensures that they benefit from exciting career-building workshops and sessions with industry professionals. The program has dual credentials from Deakin Business School and IMT Ghaziabad.
- 2000+ hours of classes
- 40+ live sessions
- 20+ expert sessions
- Harvard case studies to work on
- 6-week capstone project
The classes of the new batch will be taking off from September 30, 2021.
Here is a list of the extensive topics covered in the syllabus of the program of the Deakin Business School:
- Marketing management
- Fundamentals of leadership
- Decision science
- Business economics
- Global capstone project
- International business
- Accounting and finance
- Human resources Management ethics and legal
- Sales and distribution management
- Operation and supply chain management
- Leadership engagement and people performance
- Leading change for sustainable future
- Strategy formulation
- High performing organisations
Global Business School & upGrad Advantage
MBA from a global business School like the DBS opens the door to endless career opportunities. Some of the fields in which you can step into are:
- Business development
- Industrial relations
1. Networking Facilities
Networking opportunities and group discussion sessions with industry mentors on various topics highlight the industrial culture and work environment. upGrad’s paid learner base of 40,000+ allows students to pursue networking opportunities across the world.
2. Peer-to-peer Connection
These programs also focus on structuring a peer-to-peer network in which learners from all walks of life are working towards achieving a similar goal.
3. International Collaboration
This upGrad program provides an opportunity to learn from the top educators of Australia and India in collaboration with experts who have decades of experience.
4. Opportunities Abroad
After completion of the course, students receive the opportunity to appear for interviews with 300+ hiring companies working with upGrad, such as Flipkart, American Express, Zivame, and Goldman Sachs, to name a few. Students can even expect offers from foreign companies and have prospects of settling abroad.
5. 360° career support
Before you appear for interviews, you are made “interview ready” by mentors who conduct one-on-one mock interviews. They even structure your resume with personalised inputs specific to each hiring company. Simply put, experts from across the world help curate your career.
- Deakin Business School ranks among the best 1% of all b-schools worldwide.
- There are a pool of international job offers on completion.
- Exposure to exciting internships.
- Receiving PGP in Management from esteemed institutions like IMT Ghaziabad.
- Personal-level mentorship from seasoned leaders.
- Individuals can form a network with peers who can help your career to escalate.
- Instant solution to queries through doubt-resolution classes.
- Alumni status of both DBS and IMT.
- Exposure to the work culture of the future.
Internationally, the offline MBA program is designed to be completed within two years. However, some institutions also offer an accelerated course of 1 year, for instance, the 12-month Deakin Business School MBA (Global) Degree.
If you are currently working, you can also choose this part-time online degree from upGrad, which also exposes you to international educators and mentors.
MBA Eligibility Criteria for DBS
Any candidate enrolling for this program must fulfil the below-mentioned criteria:
- Must be a graduate (have a bachelor’s degree) with at least 50% passing marks
- Full-time work experience of at least three years
- The program fee for Indian residents is Rs. 5,29,800 (including taxes).
- No cost EMI is available.
- EMI options starting from Rs 12620 per month are also available.
How do you apply for the MBA course?
The Admission process is relatively straightforward. It consists of the following steps:
- Fill out the global MBA application form on upGrad’s website.
- Your profile will get evaluated based on professional experience and academic scores.
- On selection, you will receive an offer letter. You need to pay a caution amount and block your seat.
Other Related MBA courses Offered by upGrad
Students receive this DBA degree with more than 12 specialisations. Designed for working professionals, DBA opens limitless avenues for research and international networking opportunities.
In case you want to take note, the DBA course commences on September 30 2021.
Duration: 36 months
Fees structure: Rs. 6,00,000 (including taxes); EMI option starting from Rs. 16771 per month
The course provides six industry-relevant specialisations.
Students also receive a one-week immersion program at the university campus in Liverpool along with a degree that World Education Services have recognised.
Take note that the course commences on September 30, 2021.
Duration: 18 months
Fees structure: Rs. 5,70,000 (including taxes) with immersion
Get a chance to get hired by the 300+ partners of upGrad, opportunities to study abroad, and exposure to the study material of one of the best business schools in India.
New batches begin from February 1, 2022
Duration: 24 months
Fees structure: Rs. 275000; EMI starts at Rs.9443 per month
Students get a chance to learn from the top educators of a NAAC grade A institution, ranked within the top hundred of India. They also receive a unique specialisation in strategy and leadership and an Advanced Certificate from upGrad.
Classes are scheduled to take off from November 28, 2021.
Duration: 2 years
Fee Structure: Rs. 200,000
Nourish your entrepreneurship skills with an MBA!
From a dropshipping company to a restaurant, companies and startups need an MBA holder to run a profitable business. In a country like India, where MBA degree holders are in saturation, the discerning factor becomes the quality of education.
An MBA from upGrad only acts as a globally recognised certification but also nourishes your entrepreneurship skills. It helps you update yourself with evolving times and sharpen your business skills to gain a competitive advantage. And with a degree from the top 1% Business School in the world, you are likely to experience booming corporate success.
Learn MBA Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.
Does this course have an age limit?
For the time being, this course does not have any upper age limit. However, the candidate should possess a Bachelor's Degree.
Who is eligible to enrol in an MBA program?
Anyone who has a bachelor's degree is eligible for an MBA program. The need to have secured at least 50% marks on graduation. They also need to have subsequent work experience to fulfil the MBA eligibility criteria.
Can students pursue MBA after class 12th?
Students with a minimum passing marks of 60% in the 10th and 12th standards can pursue an MBA. However, care should be taken that there isn't a gap of over three years after completing 12th. They should also pass the entrance exam for MBA.
How are GMAT and CAT different from each other?
The CAT (Common Admission Test) and GMAT (Graduate Management Admission Test) are two of the most competitive entry tests for management. The contrast between CAT and GMAT is that CAT is a national exam, whereas GMAT is an international exam. The best business schools accept the results from both of these exams. The GMAT test is distinct from the CAT in terms of format, scoring, and questions. GMAT has an Analytical Writing Section, but CAT does not. For the majority of international programs in the USA, Europe, Asia Pacific, and Australia, GMAT is commonly recognized as a requirement. In addition to IIMs, more than 160 non-IIM Management Institutes also accept CAT scores.
How is an MBA different from an ordinary Master’s program?
Only candidates who have successfully completed their first cycle of university education, i.e., their Bachelor's degree, are eligible to apply to the Master’s in Business Administration (MBA) program, which is a graduate-level study track equivalent to the Master of Science (MSc) and Master of Arts (MA) degree programs. Only students with a bachelor's degree and a minimum required amount of credits are eligible. The MBA program places more emphasis on practical instruction than the MA or MSc programs do, along with real-world business experience. This frequently involves making sensible choices for the actual company environment and carrying out management initiatives on the actual market.
What is an EMBA, and how is it different from an MBA?
A University offers an MBA Master's degree program to help students thoroughly grasp management and business. An executive MBA is a postgraduate program designed for professionals in the workforce, such as managers, executives, and leaders. Both academic and practical expertise is emphasised in a standard MBA program. On the other hand, an Executive MBA places more emphasis on real-world knowledge to hone judgment and problem-solving abilities. The distinction is evident in the entrance standards; candidates for EMBA schools typically need 10 years of management experience to enroll, whereas MBA applicants only need 3-5 years of experience to meet the admission requirements.