A two-year postgraduate program called the Master of Business Administration (MBA) or MBA Strategic Managerial is intended to teach students how to make management decisions that will enhance a company's success. The students will learn business analysis and strategy abilities as part of this program. Candidates for this course must have earned a bachelor's degree from an accredited institution. Students are allowed to graduate in any stream. Many colleges also need a graduation grade point average of at least 50%. prestigious colleges may demand 60%."
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What is MBA Strategic Management About?
Students who pursue an MBA in strategic management are equipped with market expertise. It teaches how to approach the market so that the company generates revenue and profit.
Through the use of several case studies, the degree will instruct students on how to be strategic.
The students will be required to evaluate several businesses and their business strategies.
The analytical skills of the students are improved by this course, which also provides them with knowledge of market research and data collection. Additionally, it teaches students how to effectively use the data they receive.
The Modern Business Organization and Management, Business Policies & Strategic Management, Business Research Methodology, etc. are some of the topics taught in this course.
Students will get a thorough understanding of analytical skills and how to predict how clients or customers would respond.
MBA Strategic Management: Highlights of the Course
In the table below, the key details of this course—including costs, expected salaries, employment prospects, etc.—have been highlighted:
|Full-Form||Master of Business Administration in Strategic Management|
|Examination Type||Semester wise|
|Eligibility||Bachelors of any discipline from a recognised university with a minimum 50% aggregate.|
|Admission process||Entrance based|
|Course fees||INR 92,000- INR 15,00,000|
|Average Starting Salary||INR 5,00,000 to INR 10,00,000|
|Top Recruiting Companies||Tata Consultancy Services, Reliance, Cognizant, Wipro, ICICI Bank, Amazon, Apple, etc|
|Job position||Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer|
Why Take an MBA in Strategic Management?
Students with this degree have a competitive advantage over other applicants during job interviews because they excel at management and strategy.
It is thought that a candidate with a degree in this subject have important marketing and strategic thinking abilities.
Strategic management expertise at an advanced level is beneficial for one's own development and potential future career advancement.
Comparatively speaking to a regular degree or other specializations, the pay gap is quite large.
You can work as a budget analyst, project management coordinator, process coordinator, business development coordinator, marketing consultant, consumer insight analyst, etc. The job opportunities are numerous and excellent.
You can work in the public and private sectors as well as in business, marketing, and financial services.
With an average salary of between INR 5,00,000 and INR 10,00,000, the salary packages offered are quite competitive, and the majority of colleges have strong placement programs.
You might later decide to enrol in a variety of internationally recognised certificate programmes that will help you advance up the career ladder.
Admissions for MBAs in Strategic Management
The universities use an entrance-based admissions system, though some colleges may also conduct personal interviews. Different colleges have different admissions procedures when it comes to exam-based admission.
The majority of colleges offer an online application process where, once the link is opened, you can submit your application using the designated link.
Your performance in graduation and the entrance exam will determine your outcome if the college has an entrance exam or interview.
Your performance on the common entrance exams will be taken into account if a college bases admission on your CAT or MAT scores.
|MBA GD Topics||One Year MBA||MBA without Entrance Exams|
How to Apply for an MBA in Strategic Management:
Step 1:Visit the website of the college you are interested in.
Step 2: Find out if they have a test of their own and see whether you qualify to take it.
Step 3: Verify whether they accept applicants based on their performance on any of the popular tests, such as the CAT or MAT.
Step 4: Create an ID or complete the appropriate form. Complete the form and pay the required fees. Moreover, send any necessary documentation.
Step 5: Lastly, keep monitoring the college website for notifications and new developments regarding the matter.
Eligibility for MBA in Strategic Management
Students must earn their Bachelor's degree in any discipline from a university that is recognised.
Students must graduate with a minimum cumulative grade point average of 50%.
To be eligible for the course, students must pass the requisite entry exam.
MBA entrance exams for strategic management
The majority of institutions in India admit students based on their performance on the CAT or other common MBA exams, as well as on the results of tests held by the colleges themselves. Different colleges would have different question formats.
The following section discusses some of the most prominent MBA entrance tests.
The GMAT is a globally recognised MBA entrance exam that enables you to enrol in the best universities worldwide, including those in India. The test is divided into four sections: Verbal Reasoning, Integrated Reasoning, Quantitative Reasoning, and Analytical Writing Assessment.
CAT (Common Admission Test): This is the common entrance exam for MBA admission to the Indian Institutes of Management throughout India, which is administered by the IIM. Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Ability make up the three portions of the test.
The Management Aptitude Test (MAT) is the uniform test used in India for MBA and related programmes at Business Schools (B-Schools).
For admission to all management programmes recognised by AICTE, candidates must pass the CMAT, or Common Management Admission Test, an online computer-based exam.
|Entrance Exams||Application Date||Exam Date|
|CAT||August 3, 2023 – September 14, 2023||November 27, 2023|
|XAT||August, 2023||January 1, 2023|
|SNAP||August 2023 – November 2023||December, 2023|
|CMAT||February 16, 2023 – March 17, 2023||April 9, 2023 (3:00 PM to 6:00 PM)|
How Should I Study for the MBA Entrance Exam in Strategic Management?
The following things should be considered as you study for the MBA entrance exams:
Spend at least five hours a day studying. Set a schedule and follow it.
Follow the specified course syllabus when studying.
Your verbal ability, reading comprehension, data interpretation, logical reasoning, and quantitative ability can all be improved with practise.
Solve past exam questions and practise with practise tests.
Invite some pals over to help you practise for interviews.
Review the fundamentals of math, commerce, and marketing that you learned in 10+2.
When taking practise exams, time yourself so you can pinpoint your weak points.
While studying, pay closer attention to your areas of weakness.
How to Enroll in a Reputable MBA Strategic Management College
The majority of institutions admit applicants with graduation averages of at least 50 to 60 percent. Therefore, be sure to do well on your graduation.
As many MBA entrance examinations as you can, try to take.
A cutoff of greater than 95 percentile is typical for the majority of elite universities. Therefore, be sure to perform well on the entrance examinations.
Keep up with all the college news that pertains to the institutions you wish to apply to. Call the management and ask for the most recent information if you are unsure.
Continue practising for interviews by yourself.
To acquire a firm understanding of what to do, speak with alumni from such universities.
MBA Curriculum for Strategic Management
This is the course syllabus for MBA students, though there may be minor variations from college to college.
|Semester I||Semester II|
|Modern Business Organization and Management||Business Research Methodology|
|Global Business Environment & Economics||Modern Marketing Management|
|Accounting & Financial Management||Information Technology for Business|
|HR & OB||Production Operations & SCM|
|Business & Corporate Law||Business Communication Skills|
|Semester II||Semester IV|
|Business Policies & Strategic Management||Business Ethics & Corporate Governance|
|Introduction To Strategic Management||Global Strategic Management|
|Environment For Strategic Management||Strategic Finance|
|Strategic HRM||Implementation Of Strategies|
|Strategic Marketing Management||Project Work|
Important Books for MBA in Strategic Management
The list below includes some of the books that MBA students studying strategic management will find useful.
|The Principles of Scientific Management||Taylor, F.W.|
|Strategy for a Networked World||Ramirez, R., & Mannervik,|
|The Social License: How to Keep Your Organization Legitimate||J. Morrison|
|Strategy Without Design: The Silent Efficacy of Indirect Action||Chia, R.C.H., & Holt, R|
Top Colleges for MBA Strategic Management
Only a few colleges in India offer the specific specialisation course known as MBA Strategic Management. The top colleges in India offering this course, along with the cost breakdown and anticipated placement package, are listed in the table below.
|College Name||Location||Average Annual Fees|
|IIT Kanpur||Kanpur||INR 92,617|
|Xavier Institute of Management (XIMB)||Bangalore||INR 7,70,000|
|Institute of Management, NIRMA University||Ahmedabad||INR 4,47,600|
|Lovely Professional University||Jalandhar||INR 2,32,000|
|IFMR Krea University||Chennai||INR 8,80,000|
|Thapar Institute of Engineering and Technology||Patiala||INR 4,14,860|
|Indian Institute of Technology||Chennai||INR 14,000|
|Suresh Gyan Vihar University||Jaipur||INR 42,500|
|C K D Institute of Management & Technology||Punjab||INR 1,65,000|
|Osmania University, Department Of Business Management||Hyderabad||INR 50,000|
Here is a comparison of the top universities in India that provide an MBA in strategic management. In the table below, we have compared the application process, tuition, recruitment, and other factors at three of the best colleges that offer this course.
|Parameters||NIRMA University||IFMR Krea University||IIT Kanpur|
|Overview||It is a deemed University located in Ahmedabad. It is one of the top business schools in India and provides various UG and PG level courses across Management, Engineering, Science, Arts and Commerce.||IFMR Graduate School of Business at Krea University is a private business school located in Sri City. It is a specialised Business School mainly focusing on MBA and PGDM courses.||One of the topmost Public Technical and Research Universities in India, IIT Kanpur has been consistently ranked in the management category as well. It mainly focuses on Engineering, Management and Research-Based Science Courses.|
|Eligibility||50% minimum aggregate in qualifying exams||50% minimum aggregate in qualifying exams||55% minimum aggregate in qualifying exams|
|Admission Process||Entrance Based||Entrance Based||Entrance Based|
|Average Fees||INR 4,47,600||INR 8,80,000||INR 92,317|
|Average Annual Salary||INR 9,10,000||INR 8,20,000||INR 8,80,000|
|Top Recruiting Companies||Amul, Dabur, ITC, Hindustan Unilever, McEnroe, Mondelez International, Nestle India Limited, Reckitt Benckiser, TTK Prestige, Zydus Wellness||ANZ, Bajaj Finserv, Bank of America, Barclays, Crisil, Federal bank, Fincare, GIC Housing Finance, HDFC Bank, ICICI Prudential Life, Societe Generale, IDFC First Bank, JP Morgan Chase, Deloitte USI, Ernst & Young||Tiger Analytics, ford, IBM, Indiamart, Just pay, Ecom express, Deloitte, Reckitt Benckiser, HSBC, HDFC bank|
MBA Distance Education in Strategic Management
There are very few colleges in India that offer an MBA in Strategic Management via distance learning.
These courses can last anywhere from one to four years, but typically they last two years.
MBA Strategic Management Distance Learning costs around INR 50,000 per year.
Study Guides and an online lecture series are included in the course.
Exams at the end of the term and of the course are required of the students.
The two most popular colleges offering this course online are listed in the table below.
|University Name||Location||Duration||Average Annual Fees|
|Suresh Gyan Vihar Distance Education||Jaipur||2 Years||INR 42,500|
|Venkateshwara Open University||Pune||2 Years||INR 42,750|
MBA Human Resources versus MBA Strategic Management
Candidates for the MBA HR programme should have a strong foundation in business and want to concentrate more on human resource management. However, candidates for the MBA in Strategic Management will be given the skills necessary for a career in business management. Below are comparisons between the two courses.
|Parameters||MBA Strategic Management||MBA Human Resources|
|Full-Form||Masters in Business Administration in Strategic Management||Masters in Business Administration in Human Resources|
|Course Overview||A postgraduate course which has been designed to ensure that the students’ know how to make management decisions which will improve a company's performance.||The programme imparts knowledge and training in managing, paying and recruiting the workforce of the organization.|
|Eligibility||Bachelors of any discipline from any recognised university with a minimum 50% aggregate.||Bachelors of any discipline from any recognised university with a minimum 50% aggregate.|
|Admission process||Entrance based||Entrance based|
|Average Annual Fees||INR 9,50,000 - INR 15,00,000||INR 1,00,000 - INR 17,00,000|
|Average Starting Salary||INR 5,00,000 - INR 10,00,000||INR 4,00,000 - INR 8,00,000|
|Colleges||NIRMA University, IFMR university||Xavier Labour Relations Institute (XLRI), Indian Institute of Management (IIM)Ranchi, Management Development Institute|
|Job positions||Financial Analyst, Business Analyst, Research Investigator, Project Analyst, Compliance Officer||HR Generalist, Staffing Director, Technical Recruiter, Compensation Manager, Employee Relations Manager|
Career Options and Job Prospects for MBAs in Strategic Management
MBA in Strategic Management graduates will find employment in both the public and private sectors.
They can operate in a range of industries, including those relating to management, e-business, and advertising.
After earning their degree, they can find employment in a variety of reputable firms.
They can have positions such as project management coordinator, financial analyst, research investigator, business analyst, compliance officer, product strategist, strategic initiatives associate, and more.
Some of the top job profiles are listed in the table below, along with a brief description and starting pay.
|Job Profile||Job Description||Average Annual Salary|
|Business Analyst||To help the company by guiding businesses in improving processes, products, services and software through data analysis||INR 6,50,000|
|Business Development Coordinator||A person who is in charge of handling any logistics required for running a business by to provide support to an organization in administrative functions like purchasing, billing, reporting and filing||INR 4,50,000|
|Marketing Consultant||Provide marketing strategies and execute these strategies by monitoring outcomes, identifying new markets, etc.||INR 6,40,000|
|Consumer Insight Analyst||To help companies to understand their clients by performing research and data collection with regards to sales trends and client satisfaction.||INR 5,00,000|
Future Potential of MBA Strategic Management
With so many and varied career opportunities available, an MBA in strategic management makes it simpler for you to select one that fits your needs or interests.
You can enrol in a selection of internationally recognised certificate programs that will advance your profession.
If you are interested in a career in risk management, you can study for the Financial Risk Management certificate course and pass the necessary qualifying exam, which is given by the internationally renowned association GARP.
You can enrol in CRMA, a certification program that will help you gain recognition as a risk management assurance professional who can handle risk management profiles with ease.