What is a Master in Business Studies [MBS] Course?
Master in Business Studies [MBS] is a postgraduate business study degree of 2 years which is divided into 4 semesters of study, 2 semesters each year. The Master of Business Studies degree program combines the study of advanced theory with research. Business Studies concerns with the wide network of business activities in different forms whether it's industrial or commercial. Some of the subject covers in this course are business finance & accounting, business economics, business law, business ethics, export marketing, etc.
The minimum eligibility criteria for the MBS course is a bachelor’s degree in business studies or two Years’ Diploma in Business Management or two Year’s Diploma in Management Science from any recognized University.
Check Bharati Vidyapeeth Deemed University Admissions
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Key Highlights of Master in Business studies [MBS]
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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 |
Check all the top colleges for Masters in Business Studies
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.
What is the 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.
| Exam Name | Exam Details |
|---|---|
| CAT | Check Here |
| MAT | Check Here |
| SNAP | Check Here |
| IIFT | Check Here |
| IBSAT | Check Here |
| CMAT | Check Here |
| MAH CET | Check Here |
| NMAT | Check Here |
| ATMA | Check Here |
| XAT | Check Here |
| TISSNET | Check Here |
| TANCET | Check Here |
How to prepare for the Master in Business studies [MBS] entrance exam?
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.
How to get admission in a good college of Master in Business studies [MBS]?
Generally, admission to most of the MBS colleges is on the basis of marks scored in the entrance examination, however, some colleges or universities may also grant admission on the merit based.
- For merit-based, candidates need to score a good percentage in their bachelor’s degree examinations. Generally, the cut off for the merit list for top colleges of MBS lies above 90% marks.
- For the entrance exam, be updated about the syllabus of entrance exams and practice previous year’s papers.
- Prepare well for class bachelor’s degree examinations and entrances, if any. Practice previous year’s question papers.
- Candidates need to be updated about those MBS colleges and their admission process where they want to apply.
- Apply at the college or university website when the application window is open.
Master in Business studies [MBS]: What is it about?
MBS is a 2 year Post graduation course, desirable for those who want to study about economics and management. It involves theoretical, and perhaps also practical, coursework in how to manage a company, construct a business model and generally run a business. It may also involve the study of accounting, entrepreneurship, finance, marketing and/or supply chain management.
- 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 who want to increase their knowledge for accelerating their career by exploring and acquiring 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, Rural Marketing.
- The program prepares a candidate for the real conditions and situations in the business industry and exposes them to the business environment by providing both the theoretical and practical knowledge of the subject.
- The Master in Business Studies [MBS] program covers subjects like human resource management, information technology, marketing, business economics, management accounting, finance, etc.
Master in Business studies [MBS]: Course Highlights
| Course | MBS |
| Full form | Master in Business Studies |
| Level | Post graduate |
| 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 |
| Average tuition fee | INR 2 Lakhs - 5 Lakhs |
| Job Positions | Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc. |
| Top recruiting companies | MNCs, ICICI Bank, Infosys, Cognizant, Wipro, Accenture, KPMG , TCS, IBM etc. |
| Average salary | INR 3 Lakhs - 5 Lakhs |
Why study a Master in Business studies [MBS] course?
MBS courses are pursued by a lot of students these days. Given below are some reasons why you can think of pursuing this course:
- Clarity about the fundamentals of doing business.
- Proper interpretation of the word Management and its importance.
- One gains knowledge about the steps involved in performing business activities.
- Knowledge is acquired about the types of business organisations.
- A Master degree in Business studies teaches you about how to manage finances while effectively marketing your goods and services as well as planning for your company’s next stage of growth. The sooner you learn all these skills, better will be the results.
- We can do business by going out and trying, but studying about it gives you the organized route of what you need to learn, and what you’ll face.
- This makes business studies an extremely broad area of study because there are a multitude of skills that a business professional should possess like good managerial skills, excellent communication skills, time management, impeccable business ethics etc.
- This course will help you to get an overview of how the things work in business, how to grab opportunities also in many other life situations.
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.
| Parameters | MBS | MBA |
|---|---|---|
| Level of Study | Post Graduate | Post Graduate |
| Duration | 2 years | 2 years |
| Course Overview | 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 objective of the MBA course is to help the students in professionalizing the foreign trade management of the country and increase the exports and imports by generating, analyzing and conducting research. |
| Eligibility | Two years’ diploma in business management or two years’ diploma in management science of any statutory university. | Graduation in discipline |
| Admission Process | Merit based/ Entrance exam | Entrance test + GD + PI |
| Average Course Fees | INR 2 Lakhs - 5 Lakhs | INR 10 - 15 Lakhs |
| Job options | Manager, Financial Manager, Business Analyst, Financial Advisor, HR Manager, Management Analyst, etc. | Business Development Manager, International Marketing Manager, Area Sales Manager, Senior Business Analyst, Global Business Manager, Investment Banker, International Business Consultant , International Finance Manager etc. |
| Salary Offered | INR 3 Lakhs - 5 Lakhs | INR 5 - 12 Lakhs |
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 |
Master in Business studies [MBS]: College Comparison
As you can see from the tables above, there are so many top colleges in India that offer this course. Below we have compared few of them with college highlights, NIRF 2020 ranking, fees, salary, ranking and placement companies:
| Parameter | Bharati Vidyapith Deemed University | Savitribai Phule Pune University | Neville Wadia Institute of Management Studies and Research |
|---|---|---|---|
| Overview | The Bharati Vidyapeeth University is accredited as 'A+' Grade University by National Assessment & Accreditation Council of India. The University is open to all students coming from different backgrounds, classes and creeds with the sole objective to educate and excel. | The university is one of the finest and popular universities in Pune city. SSPU also has many programs and cells formed to help students in various aspects of their educational journey. | Neville Wadia Institute of Management studies and research is a private educational institution which is located in the educational capital of India Pune. It is affiliated to University of Pune with recognition of the All India Council for Technical Education [AICTE] and Maharashtra. |
| NIRF 2020 ranking | 98 | 19 | _ |
| Location | Pune, Maharashtra | Pune, Maharashtra | Pune, Maharashtra |
| Admission process | Entrance test followed by counselling | On the basis of merit list prepared by the concerned department | Entrance based |
| Average annual fees | INR 75,000 | INR 18,000 | INR 1.70 Lakh |
| Average annual package | INR 1 Lakh | INR 6.5 Lakhs | INR 5 Lakhs |
| Top recruiters | HDFC Bank, Vodafone, India bulls, Syntel, ICICI Bank, ICICI Prudential, Aviva, Yes Bank, WNS Group, MetLife, Bajaj Allianz, IPCA Laboratories etc. | TATA Motors, GSK, Idea, Reliance, Novartis, Nielsen Bases, Chase, HDFC, Metric Global, SAS, Kotak Mahindra Bank etc. | Hindustan Lever Ltd, Johnson & Johnson Ltd, Britannia Industries Ltd, Philips India Ltd, Videocon International L, Whirlpool India Ltd, Godrej Consumer Products, Tata Motors etc. HSBC Bank Citibank |
What is the Master in Business studies [MBS] syllabus?
MBS in International Business course structure is the same as other MBA courses. The first year of the program consists of core subjects of management in the form of classroom lectures, workshops, and seminars. After completion of the first year, students go for summer internship. From second year the specialized courses are taught and also the electives are chosen in the second year.
The year wise syllabus of MBS degree program is mentioned below:
| SEMESTER 1 | SEMESTER 2 |
|---|---|
| Principles & Practice of Management | Human Resource Development |
| Business Economics | Management Accounting |
| Organizational Behaviour | Quantitative Techniques-Operational Research |
| Business Finance & Accounting | Production & Operations Management |
| Quantitative Techniques | Marketing - II |
| Marketing-I | Business Law |
| Computing & Web Technology | Logical Analysis, Programming & Visual Basic |
| SEMESTER 3 | SEMESTER 4 |
| International Business Management & Laws | Indian Business & Economic Environment |
| Research Methodology | Business Ethics |
| Management Information System | Project Work |
| Business Policy & Strategic Management | Marketing Specialisation |
| Marketing Specialisation | Export Marketing |
| Supply Chain & Logistic Management | Marketing Research |
| Advertisement & Sales Distribution Management | Services Marketing |
| HRD Specialisation | HRD Specialisation |
| Industrial Relations & Labour Laws | Management Consultancy |
| Personnel Administration & Disciplinary Proceedings | Training and Organisational Development |
| IT Specialisation | Case Studies in HRD and Labour Laws |
| Object Oriented Analysis Design and DHTML | IT Specialisation |
| Core Java with JDBC | RDBMS with Oracle |
| Dual Specialisation Marketing + IT | Business Intelligence |
| Supply Chain & Logistic Management | Dot Net Techniques |
| Advertisement & Sales Distribution Management | Dual Specialisation(Mktg. + IT) |
| HRD + IT | Services Marketing |
| Industrial Relations & Labour Laws | Business Intelligence |
| Personnel Administration & Disciplinary Proceedings | - |
Which are the Important Books for a Master in Business Studies [MBS]?
| Name of the Book | Author |
|---|---|
| Human Resource Development | Rakesh Kumar Sadan and Minakshi Sharma |
| Management Accounting | Dr. S.P. Gupta and Dr. K.L. Gupta |
| Web Technology: A Computer Science Perspective | Jeffrey Jackson |
| Principles and Practice of Management | LM Prasad |
| Encyclopaedia of Business Ethics & Society | Robert W. Kolk |
What are MBS Job Prospects and Career Options?
The Master degree in business studies holder have excellent career opportunities in both Public and Private Sectors, Colleges & Universities such as Hospitality and Leisure, Financial Institution, Sales and Marketing, Consultancy, Banking and Finance, Industrial and Manufacturing Organisation, Insurance Companies.
After the successful completion of the Master’s degree in business studies one can recognize as Accountant and able to work as Professor, Lecturer, Financial Analyst, Stock Analyst, Sales Manager & Securities Analyst, Development Officer, Assistant Controller, Equity Research Analyst & Finance Manager, Loan Officer, Business Analyst & Cashier, Assistant Administrative Officer, etc.
Some job profiles with descriptions and their average salary-
| Job Position | Description | Average Salary |
|---|---|---|
| Financial Manager | The responsibility of a finance manager is to provide financial reports and interpreting financial information to managerial staff while recommending further courses of action, advising on investment activities, and providing strategies that a company should take for maintaining the financial health of the organization. | INR 8.29 Lakhs |
| HR Manager | An HR manager enhances the organization’s human resources by planning, implementing, and evaluating employee relations and human resources policies, programs, and practices. | INR 7.09 Lakhs |
| Business Analyst | The business analysts perform detailed requirements analysis, documenting processes, and performing some user acceptance testing. | INR 6.07 Lakhs |
| Financial Advisor | A finance advisor contacts their clients to discuss their financial goals and offer them financial services design debt liquidation plans which consist of the time frame and priority of payoff. | INR 3.84 Lakhs |
| Management Analyst | Management analysts gather and organize information about the problem to be solved or the procedure to be improved, interview personnel, and conduct onsite observations to determine the methods, equipment, and personnel that will be needed. | INR 3.80 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]: FAQs
Ques: Are MBA and MBS courses the same?
Ques: What is the average salary of the graduates of MBS course?
Ques: What is the full form of MBS?
Ques: What is the difference between business studies and business management?
Ques: What are business studies?
Ques: What are the topics for the MBS entrance exam?
Ques: I have scored a 60% aggregate in my bachelor’s degree examination. Can I apply for admission in MBS top colleges in India?
Ques: How to prepare for top MBS entrance exams?
- The verbal ability section tests a student on the basis of reading comprehension, critical reasoning, vocabulary, and para jumbles and does as much reading as you can, so as to score well in this section.
- Quantitative Ability tests a student on some topics like Geometry, Menstruation, Probability, Progressions, Matrices, Permutations & Combinations, and some other important topics of mathematics. Class 11th and 12th maths is sufficient to clear this section.
- For reasoning ability, practice previous year papers to know the pattern of questions coming in the exam.
- For General Awareness, Current affairs, and static GK will be sufficient.
Ques: What types of job opportunities are available for MBS graduates?
Ques: What are the top recruiting companies available for the MBS graduates?
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