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- MBA in Information Technology: Admission, Syllabus, Colleges, Jobs, Salary
Every student desires to pursue an MBA abroad at a reasonable cost. Nothing compares to the low-cost MBA programs offered by foreign nations, either. According to a 2020 GMAC (Graduate Management Admission Council) poll, 81% of Indian students desire to study overseas, up from 76% in 2019. US, Australia, Canada, and New Zealand are among India's top selections for an MBA abroad program.
A well-liked 2-year MBA specialization for candidates who want to learn about business and information systems and combine business strategies with contemporary ideas of information security, project management, and telecommunications is the MBA in Information Technology (more commonly abbreviated as MBA IT).
The minimal qualifying requirement for MBA in information technology admission is a bachelor's degree in any subject with an overall grade point average of 50%. The results of entrance exams are used to determine admission to the best MBA IT colleges in India. National MBA examinations for which registration has started include the CAT and XAT. The average cost of an MBA in IT at top universities in India is INR 10-23 Lakh.
You may work as a project manager in India with an average income of INR 14 Lakh p.a (Approx), after completing the MBA Information Technology program. Business development manager, IT Consultant, Data Processing Manager, Business Analyst, etc. are other career options with an MBA in IT.
Everything You Need To Know About MBA IT
An MBA in IT combines the standard business understanding of an MBA with specialist courses on information security, telecommunications, and IT project management to provide you with the management abilities required to manage both IT systems and workers.
Why pursue an IT MBA?
- MBA IT is currently one of the most well-liked MBA programmes in India.Along with numerous work chances in the finance, tax, corporate, and other sectors, the applicants will also have access to several IT businesses.
- This course's applications are not limited to the IT industry. Candidates can pick the field in which they wish to work after finishing this course.
- The value of this course is anticipated to grow more in the future as organizations throughout the world completely digitize.
- Because it enables MBA graduates to demand greater compensation, the MBA is sometimes referred to as a career accelerator.
- It exists to sate one's zeal and success-hunger.
- You may hone your technical and business skills while exploring a range of business-related options.
Admissions to MBA IT
There are two ways to get into an MBA IT program: either by taking an entrance test or by getting admitted directly based on merit or management quota. There are typically 4 steps in the procedure.
- Register & Apply for the MBA Entrance Exam: The CAT is one of the key tests for the MBA. The official website, iimcat.in, is where you may register for it. You will need to register individually for other tests such as NMAT, XAT, CMAT, and SNAP.
- Show up for the MBA Entrance Exam: Attend the appropriate tests, then await the outcome.
- Shortlisting of Candidates: The number of students who took the tests and the number of seats available will be taken into consideration when shortlisting candidates. All colleges' cutoffs will be made public.
- Last Round of the Admissions Process: GD-PI-WAT: Both the group discussion and the personal interview are conducted in this round and are given varying weights.
MBA IT Qualifications
Students who want to pursue an MBA in IT must meet the requirements specified below:
- You need at least a 50% grade to graduate. Two prominent universities, IIMs and IITs, need a minimum score of 60%.
- Students from the OBC, SC, and ST categories are given a 5% reduction on the required percentage.
- Most MBA institutions allow final-year students to apply for MBA Admissions as long as they produce a provisional degree from their school.
MBA in another country: Requirements
Admission is based on the prerequisites for the MBA programme and the outcomes of the entrance exam accepted by international universities. The fundamental standards that are recognized across the world are listed below.
- He or she has to have a bachelor's degree in any field.
- To guarantee a spot at the best universities abroad, take the GMAT Exam.
- Be able to pass any of the well-known English language tests, such as the IELTS, TOEFL, PTE, and DUOLINGO.
- Letters of recommendation and a Statement of Purpose (SOP) (LORs).
- Resume (if required).
Permit to Work After an MBA Abroad
Following graduation from college, countries let students work there. To obtain a post-study work permit overseas, students must meet certain requirements. They will be able to remain and continue working here as a result. After studying, students are granted work visas in so many countries.
Foreign MBA Scholarship
Students can choose from over 950 scholarships for master's programs overseas, depending on the requirements. Numerous prizes and scholarships are provided by colleges abroad to aid students in earning their degrees on a tight budget.
IT MBA Syllabus
An MBA in IT places emphasis on the following areas:
- Entrepreneurship in IT
- Biodesign Data
- Data mining and big data
- Supply chain administration
- newest forms of energy
- Quantitative Approaches
- Organizational Behavior
- Organization Effectiveness and Change
- Management Economics and Science
- Financial Accounting in the Business Environment
- Financial Administration
- Accounting
- Human Resource Management
- Marketing Management
- Management of Information System
- Operations Business Communication
- Marketing Research Information Technology Management
All MBA courses follow the same fundamental course format. The first year covers all the foundations, and the second year introduces elective courses.
MBA IT Jobs
Below are some of the professions and salaries that you may obtain after earning an MBA in IT.
CTO (Chief Technology Officers)
Finding business possibilities and hazards is the CTO's responsibility. Additionally, they are responsible for overseeing the research and development (R&D) division and articulating the company's technological strategy to partners, management, investors, and staff. Their typical yearly income is Rs. 25 lakhs.
CIO (Chief Information Officers) (Chief Information Officers)
Senior executives in an organization with the title of chief information officer (CIO) are in charge of the information technology and computer systems that help the organization achieve its objectives. Their typical yearly income is Rs 20 lakhs.
Directors of Information Technology
An organization's IT infrastructure must be managed, strategically planned, and effectively implemented. They are also accountable for overseeing technical initiatives that are in line with corporate objectives. Their typical yearly income is Rs 34 lakhs.
Managers of information systems
The work of other IT specialists, such as computer engineers, systems analysts, data security experts, and computer support specialists, is managed by information system managers. Their typical yearly income is Rs. 11 lakhs.
Manager of IT software projects
The responsibility of the project manager is to plan, budget, supervise, and record every element of the particular project. To ensure that the scope and direction of each project are on track, they could collaborate closely with higher management as well as other departments for assistance. They make an average of Rs. 18 lakhs annually.
Program Manager
The Program Manager supports the company's culture by offering teams and project managers strategic counsel. They create effective strategies and tactics and keep an eye on how operations are going. They make an average of Rs. 19 lakhs annually.
MBA IT Future Perspective
- The Information Technology (IT) sector has created several possibilities across many industries and is the driving force behind India's economic change.
- Students can study many information technology-related topics in-depth with an MBA in IT.
- After completing this program, there is a wide range of work opportunities available not only in India but also throughout the world.
- It has been observed that prestigious international employers like McKinsey and Company, Boston Consulting Group, Bain and Company, etc. have begun to send recruits to India in recent years.
You can pursue the programs and certifications listed below after earning an MBA in information technology:
- A four-year Ph.D. program called the Fellow Programme in Management (FPM) is designed to prepare students for research and instruction in a variety of business and management topics.
- Exam for Financial Risk Managers: It is intended for professionals who want to work in risk management.
- There is an increasing need for certified information systems auditors (CISAs), who are required to keep an eye on an organization's information technology, business systems, and operational procedures. Your ability and expertise in this field will be aided by this qualification.
The Ranking's Top MBA Universities Abroad
Below is a list of some of the best universities in other countries where students can pursue an MBA degree. The Times Higher Education ranking announces the order of the universities on the list.
- Massachusetts Institute of Technology
- Stanford University
- University of Cambridge
- University of Oxford
- Harvard University
- University of California, Berkeley
- The University of Chicago
- Yale University
- London School of Economics and Political Science
- Duke University
When students are dissatisfied with the institution from where they received their MBA degree, they may decide to transfer to a larger, better MBA program at an internationally renowned business school. Additionally, you can pursue an M. Phil. and Ph.D. in management studies.It is reasonable to state that an MBA with affordable rates can be obtained overseas. An inexpensive MBA program overseas for Indian students offers a full combination of top-notch instruction and good employment rates. Particularly well-known for giving foreign students a good ROI are low-cost MBA institutions overseas.
