Business administration is the process of managing all aspects of a business to enhance and / or improve the growth and sustainability of a business enterprise. It is generally a 2-year program with 2 or more semesters according to the policy of the institute.
The M.B.A curriculum strengthens the theoretical, analytical and applied knowledge base of business administration. The Master of Business Administration degree is one of the most sought after degrees that any stream-related candidate can obtain. IIM and other autonomous business schools offer a Post-Graduate Diploma in Management (PGDM) or Post Graduate Program in Management (PGPM), which is accredited to an MBA degree in India. Government accreditation bodies such as AICTE established that autonomous business schools in a two-year full-time program can only offer PGDM or PGPM, while postgraduate degrees can be awarded by university-affiliated colleges. The courses of PGDM or PGPM and MBA degrees are equivalent, although PGDM or PGPM is industry oriented and focuses primarily on creating soft skills. However, a PGDM or PGPM holder cannot pursue a PhD because it is not accredited. Non-government recognized business schools have developed because of the popularity of business administration. 1-year fast-track programs have also spread in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Program (PGP) in Business Management.
Major types of MBAs
General MBA - General MBA courses provide a study on all aspects of management and are often referred to as 'holistic management science'. After the first year, a candidate may take a specialization of their choice and understanding in the second year. General M.B.A. Provides a very broad base of knowledge and enables one to transfer to other fields as well.
Specialized MBA - Specialized MBA provides specialization in various branches of Business Administration like Retail, Infrastructure, Agriculture, Banking Finance Insurance etc. These courses provide focused study on certain skills specifically for industry professionals prepared for the aforesaid specialization.
Super Specialized MBA - In addition to the above mentioned courses, a new breed of M.B.A is cropping, eg - Super-Specialized MBA offered by ICoFP Business School in collaboration with Gauhati University. It is a 2-year industry integrated full-time MBA course. Then there is the MBA +++ (Triple Plus) offered by the International School of Management and Technology. MBA by Chronicle Business Academy There is also a Plus program (also known as a super-specialized MBA).
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