More than 2000 Mba schools in India are offering two year MBA programs. The students are a mix of fresh graduates without any work experience and people with good work experience. Among these Mba colleges (IIM) are the oldest institutions for management education in India. Admission to any of the IIM schools requires passing CAT,
however other business schools requires passing either CAT, GMAT or MAT each of which qualifies candidates for entrance into any management institutions in India, apart from these entrance tests there are few business schools which conducts aptitude test individually which qualifies candidates for that particular business school.
The IIM and other autonomous business schools offer a post-graduate diploma in management (PGDM) or Post Graduate Programme in Management (PGPM) which is recognized in India as similar to an MBA degree.
Government accreditation bodies such as AICTE established that autonomous business schools can offer only the PGDM or PGPM, whereas a post-graduate degree can be awarded by a university-affiliated colleges, in two-year full-time program. However, a PGDM or PGPM holder cannot pursue Ph.D. since it is not recognized. Non-government accredited one-year fast-track programs have proliferated in India, especially for candidates with work experience. Such programs are commonly known as Post Graduate Programme (PGP) in Business Management.
MBA has three specializations mainly such as
1. Marketing
2. Human resources
3. Finance
Till few years aho Human resource specialization was taken by few based on the salaries being offered to students who took hr as specialization. This was due to fact that India had huge talent pool and people wasn’t an issue in Indian business organizations , but as soon the It revolution happened and so many jobs were created , and to manage and ensure a good resource sticks with organization the value of human resource management skill increased to another level.
Still, HR as a function is a low strength domain at most of the Indian Mba -schools (almost 2000 now) in the sense that typically the percentage of students who decide to be part of this stream at B-schools hovers at around the 10% mark.
In simpler words, it is a self-fulfilling prophecy being enacted in the brains of MBA students - "Because there haven't been any good placements in HR in the previous years, students will not choose HR as a career. Since there would be a lesser number of students choosing HR, they would be getting lousy professors. Since they would be getting lousy professors, good companies won't recruit from their college, resulting in lousy placements. These lousy placements would
spark off the initial idea of HR not being a good option.
Well-established institutes like XLRI Jamshedpur, TISS, SCMHRD and MDI Gurgaon are doing a wonderful service to this discipline; the professors from these institutes have been taking up guest lectures at a gamut of other Mba -schools thereby contributing to the overall development of the HR domain. Students who opts for human resource management are trained in hiring new talent, managing current resources, setting rules for promotions,identifying resources with better skills and helping employees with there daily needs and helping them compliant with rules of the organization and the land. Most of human resource managers have a desk job and is a quiet powerful rank in any good organization.