Master in Business Studies (MBS), is a two years postgraduate Business Study degree course in India. 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 wants to increase their knowledge for accelerating their career by exploring and acquire 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.
Key Highlights of Master in Business studies [MBS]
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 |
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.
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 |
Top Colleges
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 |
Syllabus
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 |
Job Prospects and Career Options
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:
All The Candidates Applying For The MBS Program Need To Comply With The Eligibility Criteria Prescribed By The College. The Basic Eligibility Criteria Are:
MBS Entrance Examinations Basically Cover 4 Sections:
Quantitative Ability
Here Are A Few Common Preparation Tips Candidates Should Follow To Clear The MBS Entrance Exam -
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.
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:
