Master Of Business Studies
What is a Master in Business Studies-MBS
Master in Business Studies (MBS), is a two years postgraduate Business Study degree course in India. Business Studies concerns with the wide network of business activities in different forms whether it's Industrial or Commercial. The aim of the program is to develop an understanding among the candidates about the classification and forms of business organization required other essential skills like self - reliance, initiative, creative, problem - solving approach and sound, logical decision - making skills and the ability to manage time project and resources. The course of study is designed to provide in-depth knowledge, information, techniques and about the activities associated with business in a comprehensive manner. The master’s course of study is suitable for those candidates wants to increase their knowledge for accelerating their career by exploring and acquire a critical understanding of Business Studies. The study is focused on theoretical and practical aspects and principles techniques in an academic discipline such as Taxation and Business Law, General Management, Economic Analysis, Research Methodology, Management Accounting, Retail Management, Organizational Behaviour, Business Environment.
Key Highlights of Master in Business studies [MBS]
- Course: Master in Business studies [MBS]
- Duration: 2 years
- Eligibility: Two years’ diploma in business management or two years’ diploma in management science of any statutory university.
- Admission Process: Merit-based/ Entrance exam
- Top Entrance Exam: CAT, MHT CET, CMAT, GMAT, etc.
- Top Colleges: Neville Wadia Institute of Management Studies and Research, Arihant Institute of Management Studies, College of Business Management, etc.
- Average course fees: INR 2 Lakhs - 5 Lakhs
- Job Options: Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc.
- Average Salary Package: INR 3 Lakhs – 5 Lakhs
- Further Study Options: Ph.D. (Business Studies)
The basic admission process of the MBS course is, a candidate is required to qualify the entrance examination and some colleges grant admission on merit-based as well. Admissions in the top MBS colleges in India are done through entrance exams like CAT, MAH CET, GMAT, and CMAT.
A few of the MBS course top colleges are listed below:
| College | City | Fee Structure | Admission Process | Average Salary Package |
|---|---|---|---|---|
| Neville Wadia Institute of Management Studies and Research | Pune, Maharashtra | INR 1.70 Lakh | Entrance based | INR 5 Lakhs |
| Arihant Institute of Management Studies | Pune, Maharashtra | INR 1.03 Lakh | Entrance based | INR 4 Lakhs |
| College of Business Management | Krishnagiri, Tamil Nadu | INR 46,000 | Entrance based | - |
| Bharati Vidyapeeth Deemed University | Pune, Maharashtra | INR 75,000 | Entrance test followed by counseling | INR 1 Lakh |
| Savitribai Phule Pune University | Pune, Maharashtra | INR 18,000 | Based on the merit list prepared by the concerned department | INR 6.5 Lakhs |
The graduates of Master in Business Studies are usually hired in companies like Accenture, Infosys Limited, EY (Ernst & Young), HDFC Bank Private Ltd, HCL Technologies Ltd., Amazon.com Inc, Wipro Technologies Ltd., Genpact, Cognizant etc.
The average annual salary offered to a graduate of Master of Business Studies [MBS] is INR 3 Lakhs - 5 Lakhs per annum. This amount varies as per industry, seniority, experience, and diligence at the workplace.
Master in Business studies [MBS]: Course Comparison
MBS vs. MBA
MBS (Master in Business Studies) and MBA (Master in Business Administration) are almost the same courses that deal with the commerce, finance, marketing and human related issues of an economy. Aspirants also search for the difference between MBS and MBA courses. Master in Business Administration (MBA) course is a 2 year postgraduate professional degree in business management. This program can be pursued both from full time and from distance learning. It totally depends on your area of interest which course you would like to pursue. Below we have compared these two degrees and pointed out common differences between them.
Top Colleges
What are the Top Colleges of Master in Business studies [MBS]?
| College | City | Fee Structure | Admission Process | Average Salary Package |
|---|---|---|---|---|
| Neville Wadia Institute of Management Studies and Research | Pune, Maharashtra | INR 1.70 Lakh | Entrance based | INR 5 Lakhs |
| Arihant Institute of Management Studies | Pune, Maharashtra | INR 1.03 Lakh | Entrance based | INR 4 Lakhs |
| College of Business Management | Krishnagiri, Tamil Nadu | INR 46,000 | Entrance based | - |
| Bharati Vidyapith Deemed University | Pune, Maharashtra | INR 75,000 | Entrance test followed by counselling | INR 1 Lakh |
| Savitribai Phule Pune University | Pune, Maharashtra | INR 18,000 | On the basis of merit list prepared by the concerned department | INR 6.5 Lakhs |
| Naralkar Institute of Career Development & Research | Pune, Maharashtra | INR 2 Lakhs | Entrance based | INR 3-5 Lakhs |
| DSRF Institute of Computer Science & Management Studies | Pune, Maharashtra | - | Entrance based | INR 7.75 Lakhs |
| Yashwantra Chavan Institute of Social Science Studies and Research | Pune, Maharashtra | - | Entrance based | INR 4.25 Lakhs |
| Sharddchandra Pawar Arts and Commerce College | Pune, Maharashtra | - | Entrance based | INR 3-4 Lakhs |
| LK Phatak Institute of Technology & Management | Pune, Maharashtra | - | Entrance based | INR 4.50 Lakhs |
What is a Master in Business studies [MBS] Future Scope?
In terms of future scope, MBS not only serves its purpose in improving a student on a professional but also on a personal level. After successful completion of the MBS course, the graduates will have so many future scopes; they are:
- A master’s degree in business studies program will give you the skills to create your own business, or to take on business and management roles within more creative industries.
- After the completion of the MBS course, a graduate can also opt for further studies like Ph.D. in Business or Management studies.
- The students completing Master in Business Studies [MBS] have huge job opportunities in the growing business sectors and management sectors of India as well as abroad too.
- Graduates could join the world of business in a variety of dynamic roles, from financial accountants to marketing managers.
- You can avail of opportunities in multinational companies and abroad too.
Master In Business Studies [MBS] Admission Process?
Admission To The MBS Degree Program Is Based On Entrance Tests And Direct Interviews Of The Short-listed Candidates. Few Institutes Also Grant Admission On A Merit Basis As Well. Application Form For The Admission Can Be Availed Either From The University’s Website Or By Visiting The Admission Office Of The Same.
- Interested Candidates Can Apply Online With The Required Information And The Admission Is Based On The Marks Obtained In The Bachelor’s Degree.
- Certificates Of All Your Previous Degrees Are Needed During The Admission Process.
- Grade Transcripts Of All Your Previous Degrees. If You Are Currently Undertaking A Degree Program, An Up-to-date Interim Transcript Will Be Sufficient At This Stage.
- Also Required Are Two Academic References, Preferably From Your Most Recent Degree.
- If The Candidates Meet All The Minimum Entry Requirements And All The Documents Have Been Received Then The Application Form Will Be Passed To The Appropriate Academics Within The School.
- Prospective Supervisors Will Take An Interview Of The Applicant And Make A Decision Following The Interview.
- The Final Selection For Admission In MBS Will Be Based On The Performance In The Entrance Test And Interview. The Weightage Of Interview And Entrance Exam Scores Can Be Varied From College To College.
- Entrance Examinations Conducted By Different Universities Are Also Followed By Further Rounds Of Group Discussion And Personal Interviews. Depending Upon The Cut-off Or The Score, Admissions Will Be Provided In This Course.
Master In Business Studies [MBS]: Eligibility Criteria
All The Candidates Applying For The MBS Program Need To Comply With The Eligibility Criteria Prescribed By The College. The Basic Eligibility Criteria Are:
- The Candidates Have To Complete Bachelor Degree Like, Bachelor Of Commerce (B.Com), Bachelor Of Business Administration (BBA) Or Any Other Bachelor Degree With Relevant Subjects Or Equivalent Examination.
- Candidates Scored Minimum Aggregate 55% Marks, Such Candidates Are Eligible To Take Admission To The Master’s Degree Study Program.
- To Pursue This Course, Candidates Need To Appear For The College Or University Level Entrance Exam Too, Which Is Further Followed By The Group Discussion And Personal Interview Round.
What Are The Business Study Masters Entrance Exams?
The Aspirants Of Master Of Business Studies [MBS] Have To Prepare For A Series Of Grueling Examinations To Prove Their Credentials And Gain Admission Into The Top MBS Colleges In The Nation By Dint Of Merit:
Some Of The Top Exams With Important Dates Are Mentioned In The Table Below:
- CAT: It Is An Important Exam Conducted By The Indian Institute Of Management(s) [IIMs) And Is Preferred As The Qualifying Exam By Most Top Management Institutes And B-schools In India.
- CMAT: Conducted By The All India Council For Technical Education [AICTE], The CMAT Exam Is Widely Accepted As A Qualifying Exam By A Large Number Of Government-sponsored Management And Business Institutes In India.
- MAH CET: MAH CET Is The Common Entrance Test For Admission Into Post Graduate Courses In Management In The State Of Maharashtra. It Is A State Level Entrance Exam That Is Being Conducted By The Directorate Of Technical Education (DTE) Maharashtra For The Admission In MBA, MMS, PGDBM, PGDM Courses.
- TANCET: TANCET Stands For The Abbreviation Of The Tamil Nadu Common Entrance Test. TANCET Exam Is A State-level Common Entrance Exam Conducted By Anna University, Chennai.
How To Prepare For The Master In Business Studies [MBS]
MBS Entrance Examinations Basically Cover 4 Sections:
Quantitative Ability
- General And Business Awareness
- General English
- General Intelligence And Reasoning
Here Are A Few Common Preparation Tips Candidates Should Follow To Clear The MBS Entrance Exam -
- Knowledge Of The Exam Paper Pattern: The Paramount Step In Preparing Well For The Entrance Exam Is A Deep-rooted Understanding And Comprehension Of The Paper Pattern And The Syllabus.
- Effective Time Management: Focus Points Should Be Kept In Mind, With Particular Emphasis On Weaker Subjects And The Daily Practice Of Numerical Problems. A Timetable Should Be Drawn And The Candidate Should Follow The Timetable With Dedication And Diligence.
- Enrolling In Coaching Institutes: A Coaching Class Or A Tutor Especially For Clearing The Entrance Exam Is A Bonus As The Teacher Will Help A Candidate To Focus On Weaker Zones And Will Aid In Practice And Comprehension Of Topics.
- Practice Makes Perfect: Candidates Should Practice And Revise Before The Exam So That It Reduces The Unnecessary Pressure One Day Before The Examination.
- Prepare Separate Notes: As There Are 4 Sections In The Entrance Examination Of Master Of Business Studies And Each Of Them Hold Their Own Importance. The Difficulty Level Of Each Section Changes By Every Year. So, You Should Give Equal Attention To Each Subject And Prepare Separate Notes To Register Each Of Them.