MBA Admission

MBA Admission, Courses, Colleges, Fees and How to Apply: In today’s world, it has become more challenging to get a good job in any establishment with just a bachelor’s degree certificate. Lucrative jobs are quite competitive! As usual, the best-qualified candidate for the job will be selected. Imagine yourself vying for the position of a manager with just a B.Sc, B.Ed or LLB while your competitors have master’s certificates and other postgraduate qualifications.

From years of experience, a bachelor’s degree is becoming a less useful qualification for an enviable position in any high-paying company or establishment. However, at Passbuttons, we give you the best information and help find solutions to challenges. Previously, we discussed Federal government scholarships in Nigeria for the master’s programme. Well, this article will extensively discuss MBA admissions, courses, and colleges to run your MBA programme, eligibility requirements, and lots more.

About MBA

MBA which stands for the Master of Business Administration is a postgraduate programme offered in many institutions across the world. It is an advanced programme that trains students in business management and equips them with vast skills and knowledge to become great leaders. The major skills students are equipped with are critical thinking, analytical, and problem-solving skills.

It is very pertinent to note that most managerial positions in companies and establishments require an MBA degree. Therefore, a need for educational advancement. There are different categories of MBA programmes.

6 Categories of MBA Courses

The Masters of Business Administration programmes have about 6 categories of courses that students can leverage and advance their studies. They include:

Full-time MBA programme
Part-time MBA programme
Online MBA programme
Executive MBA programme
Distance Learning MBA programme
Integrated MBA programme

Now, let’s discuss them one after the other.

Full-time MBA programme

The Full-time MBA programme is particularly for regular students. Meanwhile, this programme runs for a period of two (2) years and involves physical classes, a summer internship, a research project, and a final placement. Also, full-time MBA courses are the most popular of all categories, and the tuition fee ranges from INR 2 lakh to INR 25 lakh.

Part-time MBA programme

This category is basically highly flexible, and it is particularly for working professionals who seek to advance their knowledge in MBA programs. It is not a residential programme hence, it does not involve internship opportunities or a campus placement. Tuition fee ranges from INR 1 lakh to 10 lakh. Moreover, students can choose program options ranging from accelerated two-year, Saturday, weeknights, and online.

Online MBA programme

This category is highly flexible and convenient as it allows workers to learn from their home or office comforts. Moreover, there are no physical classes, and as such classes and lectures are carried out through video conferencing, utilizing some online learning gadgets. Also, notes, assessments, and tests are submitted or shared in Learning Management Systems (LMS).

Executive MBA programme

The executive MBA programme is mainly for highly experienced working professionals with more than 5 years of experience. Moreover, this program is similar to the full-time MBA programme, however, they differ in their duration and cost. The executive MBA has a short duration of 15-19 months and it is quite expensive compared to the full-time MBA programme.

Distance Learning MBA programme

This MBA programme is exclusively for students with limited time and resources. Lectures, tests, and assessments are communicated using online tools. This type of programme is quite cheap and flexible, meanwhile, the course runs for 2-5 years.

Integrated MBA programme

The integrated MBA programme is a 5-year online programme exclusively for business professionals, entrepreneurs and managers who seek advancement in leadership and managerial skills. Moreover, the programme consists of three modules which include:

Emphasis Module
Financial Strategy Module
Operational Strategy Module

Note: These modules must be completed with a minimum GPA of 3.0 before you can be awarded the MBA degree.

MBA Top Specializations

Postgraduates who seek to obtain their master of Business Administration degree can specialize in one of the following areas:

Marketing
Finance
Sales
Operations
Business Analytics
Human Resources
Digital Marketing
Hotel Management

MBA Colleges

There are many colleges and institutions that offer students the opportunity to obtain their Master of Business Administration degrees. Therefore, students can enrol in one of the following institutions:

University of Chicago (Booth)
Indian School of Business
University of Pennsylvania (Wharton)
Great Lakes Institute of Management
Stanford University
Christ University
Dartmouth College (Tuck)
Harvard University
Crescent School of Business
Massachusetts Institute of Technology (Sloan)
Yale University
New York University (Stern)
FLAME University
ITM Business School
Duke University (Fuqua)
University of Virginia (Darden)
Cornell University (Johnson)
University of Southern California (Marshall)
Carnegie Mellon University (Tepper)
University of California–Los Angeles (Anderson)
The University of Texas at Dallas (Jindal)
Georgia Institute of Technology (Scheller)
Georgetown University (McDonough)
Indiana University (Kelley)
University of Washington (Foster)
Carnegie Mellon University (Tepper)
University of California, Berkeley (HAAS)
University of Texas–Austin (McCombs)
University of North Carolina–Chapel Hill (Kenan-Flagler)
Rice University (Jones)
The University of Rochester (Simon)
etc

To get admitted into any business school, you must take an entrance examination. Moreover, this test has various categories and eligibility is dependent on the host institution’s requirements. However, these tests include:

Institute Level Test: This test is conducted by an institution for admission into their MBA courses. However, some test scores may be acceptable to other participating colleges. Some of these tests include IBSAT, NMAT, XAT, and SNAP.
State Level Test: Just as the name implies, the state is responsible for conducting this particular test. A top business school usually conducts this test on behalf of other participating institutions. Some of these tests include KMAT, MAH-CET, OJEE, APICET or TANCET.
National Level Test: This test is conducted at the national level on behalf of all other participating schools. Also, the national level is the apex body that has the responsibility of conducting MBA tests. These tests include CAT, CMAT, MAT, and ATMA

MBA Fees

MBA tuition fees differ from one college to another and also depend on the type of courses. However, the tuition fee range is below:

Full-time MBA Fees: INR 2 lakh to INR 25 lakh.; Course duration for 2 years
Part-time MBA Fees: INR 1 lakh to 10 lakh; Course duration is 2 years
Online MBA Fees: INR 50,000 to INR 1,00,000
Executive MBA Fees: INR 4,20,000 – INR 36,00,000
Distance Learning MBA Fees: INR 35,000 to INR 1,00,000
Integrated MBA Fees: INR 1,00,000 – INR 17,00,000

Others are currently reading the following;

MBA Syllabus

The following courses make up the courses in the MBA syllabus:

Business planning
Business laws
Strategic Management
Marketing
Entrepreneurship
Finance management
HR management
Managerial Economics
Marketing Research
Organizational behavior
Taxation
International Business Environment
Retail management
Computer Application
Business Communication
Communication skills
Project work
etc

MBA Eligibility Requirements

MBA requirements may be dependent on the decision of the host university. However, there are general requirements needed to get admission into any business school. To qualify for any MBA admission, you must meet the following general requirements:

Applicants must have a bachelor’s degree in a related discipline from a recognized institution
Applicants must have a minimum of second-class lower or a postgraduate diploma (PGD) from a known institution.
Must have a satisfactory standardized test score.
The applicant must demonstrate good communication and leadership spirit.
Proof of work experience

How to Apply for MBA Programmes

MBA admission can be quite competitive, therefore students must increase their chances of being selected by taking careful steps in the application process. However, there are simple ways to prepare and apply programmes. Let’s dive right in.

Firstly, research and choose the MBA programs to apply.
Secondly, prepare and take the MBA test (GMAT, GRE etc.). A standardized test score is a major requirement.
If you’re an international student, then take the IELTS, TOEFL, or PTE exam.
Write your MBA admission essay, explaining why you should be given the admission, your career goals and your contributions if offered the admission.
Prepare a quality CV or resume
Get a letter of recommendation from your department
Submit your application online by providing all the requirements
Successful candidates will be communicated via email.

When to Apply for an MBA Programme

Business schools usually admit applicants in many rounds. The first round normally takes place towards December while round 2 takes place around January. Therefore, applicants should target these periods and apply

Conclusion

We have extensively discussed MBA Admission, Courses, Colleges, and Fees. Now, If you found this article interesting, then follow Passbuttons on all social media platforms using the links below for more updates. See you tomorrow.

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Frequently Asked Questions

How much does an MBA cost in Nigeria?

The cost of an MBA programme in Nigeria is around 250,000 naira. However, this cost varies from university to university.

Which college has the highest fees for an MBA?

MBA tuition fees can be quite expensive. However, schools like XLRI and MDI are too expensive

Which university is best for an MBA and lower fees?

The following colleges are ranked high for lower fees:

IGNOU Delhi
JMI New Delhi
UBS Chandigarh

How many years is the MBA programme?

The duration of the MBA programme is two (2) years. Join us at Passbuttons for more updates.