The Full Form of an MBA is Master of Business Administration. MBA Course is a 2-year duration master’s course in management. MBA courses are available in various specializations such as MBA HR, MBA Finance, MBA Marketing, etc. PGDM is equivalent to an MBA when the college is certified by AICTE.
PGPM is also equivalent to MBA and is provided by IIMs in India. PGPM Full Form is a Post Graduate Programme in Management. Types of MBA include Distance MBA, Online MBA, and Executive MBA.
PGPX denotes Post Graduate Program for (working) Executives and EPGP is also an executive course on Management. PGPX and EPGP are for students who have worked for more than 5 years in the industry. Various masters courses are similar to MBA courses. MBE Full Form is Master of Business Education. MBI Full Form is Master of Business Informatics. MBS Full Form is Master of Business Studies. MMIS Full Form is Master of Management Information Systems. BBA and BMS are both undergraduate courses in management and are very similar in terms of the syllabus. BBA Full Form is Bachelor of Business Administration.
Courses | Full Form |
---|---|
MBA Full Form | Master of Business Administration |
PGDM Full Form | Post Graduate Diploma in Management |
BBA Full Form | Bachelor of Business Administration |
BMS Full Form | Bachelor of Management Studies |
PGPM Full Form | Post Graduate Programme in Management |
PGPX Full Form | Post Graduate Program for Executives |
FPM Full Form | Fellowship Program in Management |
MHRM Full Form | Master of Human Resource Management |
IMBA Full Form | International Master's Degree in Business Administration |
PGPBA Full Form | Post Graduate Program in Business Analytics |
EPGP Full Form | Executive Post Graduate Program in Management |
MBA Full Form
MBA stands for Master of Business Administration. MBA is an internationally recognized degree program that provides students with the skills an individual need to pursue business and management careers. In addition to providing comprehensive business training, MBA courses provide a platform to develop leadership skills, build professional networks and earn a six-digit salary.
MBA Admission takes place through Entrance Exam for MBA such as CAT, GRE, GMAT, XAT, NMAT, CMAT and SNAP. MBA Syllabus includes subjects such as Accounting and Financial Management, Systems and Processes, Auditing, Corporate Finance, Business and Corporation Law, Change Management, Leadership and Entrepreneurship, International Marketing, Accounting, Sustainability Management, and other related subjects.
The MBA Eligibility criteria vary by MBA university in India and depend on the type of MBA program selected. However, some of the general MBA Qualification for all types of MBA programs include:
- Applicants must have completed a bachelor's degree or be in the last year of a bachelor's degree in a minimum 3-year period.
- Applicants must achieve at least 50% of the total marks for all bachelor's degrees. (60% for IIM).
- Candidates must achieve a minimum score of 60% on the Recognized Council of India's 12th-grade postgraduate exam.
- Applicants must pass the MBA entrance exam required by the MBA colleges.
A Master of Business Administration prepares you for work in various industries and fields. A typical Master of Business Administration includes the following job positions. After that, MBA, the initial package in India is around INR 7-30 LPA which rises with experience. Some of the job roles after completing the MBA are Management Consultant, H.R. Manager, Investment Banker, Management Analyst, Marketing Manager, Operations Manager, Financial Advisor, I.T. Manager, and Finance Manager.
PGDM Full Form
A PGDM stands for Post Graduate Diploma in Management. AICTE-accredited schools are the only ones that offer PGDM courses. PGDM is equivalent to a Master of Business Administration when the college is approved by AICTE.
PGDM is a popular choice for emerging entrepreneurs and business leaders. PGDM is a multidisciplinary course that will prepare students for work in management profiles in multiple industries of business processes.
However, it is worth noting that companies do not generally distinguish between MBA and PGDM. Both courses provide job positions in the same management positions.
PGDM's Top Colleges are IIM Ahmedabad, Xavier University, Symbiosis International University, etc. PGDM Admission takes place through MBA entrance Exams such as CAT, MAT, etc
PGDM Job roles are available in the Finance sector, Production sector, Retail sector, Private business sector, Health care sector, Nonprofits sector, and Government sector, and the average salary ranges between INR 7 Lakhs and 25 Lakhs in the initial stages.
Top PGDM Colleges in India are:
- MICA-School of Ideas
- TAPMI
- FORE School of Management
- IMT Ghaziabad
- Goa Institute of Management
BBA Full Form
The abbreviation BBA refers to Bachelor in Business Administration. BBA course is an undergraduate course dealing with the basics of business management and administration. BBA is the bachelor's degree course of Master of Business Administration.
BBA Eligibility criteria for BBA Admission is that students after successfully passing 12th grade from any stream. BBA courses provide information and management and leadership skills training to prepare you for administrative and business roles.
The BBA program has entrance qualification criteria that need to be met. The criteria are that students must pass a 10+2 exam or equivalent by an accredited board or school. Some colleges consider it based on a 50% score on the qualifying exam. In addition, you must be between 17 and 25 years of age.
BBA Jobs provides salaries that range between INR 3 Lakhs to INR 5 Lakhs. The job roles after completing BBA are Marketing & Sales, Real Estate Business, Finance Manager, Human Resource Manager, Business Consultant, Marketing Manager, Information Systems Manager, Business Administration Researcher, Research and Development Manager, Tourism Management, International relations manager, etc.
Top BBA Colleges in India are:
- NMIMS, Mumbai
- IIM Rohtak
- ICFAI Foundation for Higher Education
- KIIT School of Management
- IIFT
BMS Full Form
The full form of BMS is Bachelor of Management. BMS course is a 3-year course designed to study the analytical aspects of business management and gain an in-depth knowledge of a few businesses or management-related topics such as human resource management, economics, marketing, business statistics, etc.
BMS Admission takes place through the Entrance Exam. BMS Eligibility criteria are that candidates need to complete their 10+2 levels with 50%.
The difference between BMS and BBA is that BBA deals with the depth of technical and analytical skills including subjects such as accounting, finance, aviation, and data management whereas BMS deals with managerial roles of education such as leadership management, international management, and Marketing Management. Many students go for a Master of Business Administration after BMS and BBA.
Top BMS colleges offer internships and on-campus internships for students. Companies in FMCG, I.T., E-commerce, consulting, materials, construction, housing, food and beverage, tourism and tourism, etc. The starting package in India is around Rs. 2 to Rs. 5 LPA. BMS Job roles include Consultants, Assistant Managers, Marketing Managers, H.R. Executive, Business Development Executives, Quality Managers, Product Managers, Marketing Managers etc.
BMS’s Top Colleges are:
- Jamia Hamdard
- Shaheed Sukhdev College of Business Studies
- Wilson College, Mumbai
- GITAM Hyderabad Business School
- KJ Somaiya College of Science and Commerce
PGPM Full Form
The Post Graduate Program in Management (PGPM) is a management postgraduate program provided by IIMs in India. In sum and essence, the PGPM course is similar to PGDM, and successful completion gives the candidate the right to receive the certificate. PGPM is equivalent to a Master of Business Administration.
PGPM Admission takes place through entrance Exams like the CAT. CAT is the only entrance exam accepted by IIMs.
PGPM Jobs roles include Marketing Manager, H.R. Executive, Quality Manager, Information Systems Manager, Business Administration Researcher, Business Development Executive, Research and Development Manager, etc. The average salary after the PGPM course ranges between INR 20 Lakhs to INR 30 Lakhs.
PGPM Top Colleges are:
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIM Indore
- IIM Kozhikode
- IIM Shillong
PGPX Full Form
The Post Graduate Proram for (Working) Executives (PGPX) is one of the finest full-time residency programs in the world. If you meet all of the criteria listed below and would like to apply for the PGPX 2024-25 program, you are suggested to use the program.
- Bachelor's degree or equivalent
- Active GMAT / GRE schools (GMAT / GRE schools are valid for five years from the application deadline of the applicant cycle.
- Minimum of 4 years of full-time postgraduate work experience.
FPM complete Form
The Fellowship Program in Management, also abbreviated as the FPM Program, is a doctoral program that offers courses in various areas of business and management. Provided by the Indian Institute of Management and other B High schools, the FPM course is a 4-year full-time program to train individuals interested in research and teaching.
The FPM Program offered by IIM fulfills objectives such as helping participants understand the foundations of management, management research, and related research methods, empowering participants to formulate an idea for the existing body of management ideas and contribute to it.
MHRM Full Form
MHRM, or Master of Human Resource Management, is a 2-year graduation course chosen by students who wish to pursue a successful career in human resource management.
The MHRM admissions process is essentially the same across all colleges. Students must meet the minimum eligibility criteria and be eligible for one of the many MHRM entrance exams like MAT, CAT, CMAT, etc. MHRM Eligibility is that students must have a Bachelor's degree in any discipline with at least 50% marks (5% discount for SC/ST applicants) from an accredited university/college/institute recognition.
Some of the top MHRM job opportunities are HR Manager, HR Executive, Production Manager, Product Development Executive, etc. Some of the top MHRM recruiting organizations are ICICI Bank, McKinsey, Axis Bank, HDFC Bank, etc. The average salary of an MHRM graduate in India is INR 6 lakhs per annum.
IMBA Full Form
IMBA refers to an International Master's Degree in Business Administration. Moreover, the IMBA has all the academic strength and thorough training of a regular MBA, but with a strong focus on international culture and business practices. LSBF Singapore, Tallinn University of Technology, ESEI International Business School Barcelona, and the University of Vienna are some of the colleges that provide IMBA.
This combination gives professionals a solid foundation in international leadership and adds a limit to their work ethic. The duration of IMBA is one year. The academic qualifications to pursue an IMBA are listed below:
- Bachelor's degree or equivalent in the economic or business field
- Valid GMAT / GRE schools (GMAT / GRE schools are useful for five years from the application deadline of the applicant cycle.
- Minimum of 4 years of full-time postgraduate work experience.
PGPBA Full Form
PGPBA stands for Post Graduate Program in Business Analytics. The course introduces individuals to the technical aspects of Business analytics, such as aviation and big data management, etc.
PGPBA eligibility criteria are that students must hold a bachelor's degree in any discipline. Domestic candidates should have qualified for the CAT exam, while international candidates must have a GMAT score.
EPGP Full Form
The Executive Graduate Program in Management (EPGP) is a one-year intensive full-time program at IIM Indore. EPGP is specially designed for experienced professionals to enhance their knowledge, skills, and abilities to manage and lead organizations.
The following objectives are achieved during the successful completion of the Executive Graduate Program in Management:
- Data analysis skills to identify and evaluate possible solutions to business situations, interpersonal communication skills, and the ability to work in teams.
- Raise awareness of the legal and financial business environment.
- Ethical aspects of managerial decision making and strategic and integrative thinking
What is MBA Full Form?: FAQs
Ques. How is the MBA program different from a regular Master's program (MSc or M.A.)?
Ans. Like the Master of Science (MSc) and Master of Literature (MA) degrees, the MBA is a graduate degree and is only available to applicants who have completed the first cycle of a college education.
Ques. Which entrance exams are required to apply to a business school?
Ans. To pursue a business degree, an individual needs to qualify for entrance exams such as CAT, GRE, GMAT, XAT, NMAT, SNAP, and IIFT.
Ques. What should be included in the admission interview?
Ans. The admissions interview is a brilliant opportunity in front of future professors and business mentors to display an individual's strength and talent. Interviewers usually want to know more about your long-term plan and how to apply the knowledge gained from the MBA program.
Ques. How does an MBA degree enhance an individual's career prospects?
Ans. The main reward of graduating with an MBA degree is the practical business knowledge acquired, rewarded with a significant salary increase. Graduates of our recommended MBA programs and executive masters report a salary increase of over 150%.
Ques. What is a letter of recommendation? What role does it play in the admission process?
Ans. A letter of recommendation is a formal letter written by a student's employer, professor, or dean to signify a student's standard or professional behaviour. It also includes an achievement or progress made by the applicant. The admission committee gives a significant amount of weightage to the letter of recommendation as it throws a light on the applicant's professional from a third person's perspective.
Ques. What are the top business colleges in India?
Ans. Some reputed business colleges and universities in India are listed below:
- Management Development Institute, Haryana
- Xavier School of Management, Jamshedpur
- International Management Institute, New Delhi
- Indian Institute Of Management, Ahmedabad
- S. P. Jain Institute of Management and Research, Mumbai
Ques. What is a good GMAT score?
Ans. A good GMAT score lies between 650 to 690. On the other hand, a GMAT score from 690 to 750 is considered as an excellent target.
Ques. What is the most considered aspect of business college admission?
Ans. The admission committee of a business university takes a holistic overview of an individual’s application. Hence a good academic qualification is not the only thing that matters. Some other aspects such as previous work experience, international experience, GMAT scores, and other co-curricular activities play an important role in an individual’s profile.
Ques. What are the different specializations provided in BBA
Ans. BBA includes a variety of specializations such as
- International Marketing
- Digital Marketing
- Business Analytics
- General Management
- International Management
Ques. What is the difference between PGDM and PGPM?
Ans. PGDM (Graduate School of Business Diploma) is a diploma issued by an AICTE-accredited body in a two-year full-time program.
PGPM (Graduate Program in Management) is a certificate course, not a diploma or degree course. The duration of this course is generally 1- 2 years and is usually offered by a university that is non-affiliated.
Ques. Which job is best after an MBA?
Ans. Some of the best job options for MBA graduates are -
- Financial Manager
- Health Services Manager
- Investment Fund Manager
- Information Technology Director
- Operations Research Analyst, etc.
Ques. Can I do BBA after the 12th?
Ans. Yes. Candidates aspiring to pursue the BBA course can pursue it after completing their 12th standards.
Ques. What is the salary after PGDM?
Ans. The average salary of a PGDM graduate is INR 7.73 lakh per annum.
Ques. What is the meaning of MHRM?
Ans. MHRM stands for Master of Human Resources Management.
Ques. What is the difference between Pgdhrm and MBA HR?
Ans. PGDHR, stands for Post Graduate Diploma in Human Resource Management, while MBA HR (Human Resource) is a particular specialization of MBA.
Ques. How long does it take to complete IMBA?
Ans. International Masters of Business Administration takes a minimum of 2 to 3 years to complete.
Ques. Who can apply for FPM?
Ans. Candidates having a master’s degree in a relevant stream including MA, MCom, MSc, MCA, MBA, and MTech, with a minimum of 55% aggregate marks can apply for the FPM program.
Ques. What is the BMS course salary?
Ans. The average salary of a BMS graduate ranges from INR 3 to 5 LPA.
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