A Master in Business Administration or MBA is a highly recognised and prestigious degree around the world. It is a degree that most graduates and working professionals want to pursue. Lucrative employment opportunities at managerial positions in leading companies have increased the program's popularity among students in the last decade. Before discussing how an MBA degree will increase your career prospects, let’s quickly uncover different kinds of MBA programs and specialisations offered in India.
Different universities and colleges offer different kinds of MBA programs. However, the most popular ones are full-time MBA, Post Graduate Diploma in Management (PGDM) and Executive MBA. Full-Time MBA is a regular two-year programme, an Executive MBA is an advanced programme designed for working professionals, and PGDM is a two-year programme. The course curriculum of the PGDM is similar to a full-time MBA.
Please remember loans for students are easily available for MBA courses too. So, you can choose to earn a self-made badge by opting for an education loan.
Some popular MBA specialisations:

• Finance
• Marketing
• Human Resources
• International Business
• Supply Chain
• Project Management
• Oil & Gas
• Retail

How does MBA help in career building?

• Builds managerial and interpersonal skills – MBA programs are designed to scale up your existing skills and develop advanced management skills that will enable you to work in the competitive business world. These skills include but are not limited to leadership, critical thinking, team management and time management, and interpersonal and communication skills.
• High earning potential – An MBA degree is a sure-fire recipe to get high-salary jobs in the dynamic business world as aspirants acquire the necessary business skills during the course. However, to get a well-paid job, it is essential to choose your institute and specialisation wisely.
• Networking – Getting an opportunity to network with different people is one of the USPs of the MBA program. Students pursuing management degrees have a greater scope of networking with industry professionals, business leaders and alumni through social events and alumni gatherings. Even an internship during the MBA program provides an excellent opportunity to network with business professionals to secure a job.
• Global job opportunities – MBA degrees have worldwide recognition. Therefore, getting an attractive job offer from international companies will no more remain a distant dream. Whether you choose to work in India or abroad, a sea of job opportunities will open up for you post-completion of your course.
• Entrepreneurship opportunities – An MBA degree will build your entrepreneurship skills, so you can confidently start your business venture. Take a wise decision by choosing entrepreneurship as your specialisation if you aspire to start your own company after completing your MBA.

Eligibility Criteria
A graduate degree in any discipline from a recognised university with a minimum of 50% is one of the basic criteria to apply for a full-time MBA programme in India. However, besides a graduation degree, it is necessary to clear an entrance test to take admissions in MBA or PGDM programmes in top B-schools in India. There are three kinds of tests:

• National-Level tests like CAT and MAT
• State-Level tests like MAH-CAT, KMAT or OJEE
• Institute-Level tests like SNAP, XAT or OJEE.

It is vital to check with your institute before applying for the MBA program, understand their admission requirements and appear for the exam accordingly.
Top MBA Colleges in India

Name of Institute	National Institutional Ranking Framework’ 2022: Management
Indian Institute of Management, Ahmedabad	1
Indian Institute of Management, Bangalore	2
Indian Institute of Management, Calcutta	3
Indian Institute of Technology, Delhi	4
Indian Institute of Management, Kozhikode	5
Indian Institute of Management, Lucknow	6
Indian Institute of Management, Indore	7
XLRI- Xavier School of Management	8
National Institute of Industrial Engineering, Mumbai	9
Indian Institute of Technology, Madras	10

If you have secured a seat in an MBA programme but facing any financial problems, Avanse Financial Services is there to help you. At Avanse Financial Services, we offer loans for students with multiple benefits. So, connect with us today to know about the education loan rate of interest and other important details.