MBA in Information Technology: Brief Summary
||MBA in Information Technology (MBA-IT)
||2 years (4 semesters or 6 trimesters)
|Level – Degree/Diploma
||Graduation in any discipline
|Key skills required
||Proficiency in calculus and statistics
||Rs 10,000 to Rs 6,00,000 (Average: 1 to 2 Lacs)
|Average Starting Salary
||Rs 5 lacs per annum
||Entrance Test + Group Discussion + Personal Interview
|Top Recruiting Companies
||Johnson & Johnson, Nike, Ernst & Young, PricewaterhouseCoopers, Tesla, LinkedIn, Procter & Gamble, Accenture, A.T. Kearney, Deutsche Bank, Credit Suisse, IDEO, PepsiCo, Unilever, and GE.
Why MBA in Information Technology (IT)?
In a world where technology has become so much important, it would require skilled people to not only develop it but to plan, sell and manage the businesses of technology. Here comes the role of MBA graduates specializing in Information Technology. It is comparatively a newer specialization in MBA.
An MBA in Information Technology helps students to manage both IT systems and employees. The knowledge acquired by candidates during this course opens up huge opportunities for students to work the in Information Technology domain of different firms (in different field). Students will be able to get jobs in IT industries, Banking and Finance sectors, and all other sectors concerning IT Management.
Fee charged by the colleges offering MBA in IT can range from Rs 10,000 to even Rs 6,00,000. Some top colleges offering this course are:
MBA in Information Technology Job Roles and Career Opportunities
IT Managers have huge opportunities to work in IT domain of any big company or directly in technology firms. Indian IT giants like TCS, Infosys, WIPRO, Tech Mahindra, HCL Technologies etc. hire MBA IT from top Indian B Schools for business development roles and offer an attractive entry level salary.
MBA-IT graduates are given a variety of job roles. Some of them are mentioned as below:
- Project Manager
- Business Development Manager/Executive
- Marketing Manager
- Corporate Strategy Manager
- Analytics Manager
- System Manager
- Data Processing Manager
- Business Analyst
- IT Manager
- IT Consultant
- IT Director
- Chief Technology Officer
Chief Technology Officer
CTOs are responsible for the technological development of their company. They identify risks and opportunities for the business. Companies working in the fields such as artificial intelligence, internet of things, and cyber security etc. have these kinds of positions.
People who can oversee the entire information technology department and directly manage senior managers within the IT division in the company are most suitable for this position. The average salary of a CTO in India is Rs 25 lacs per annum.
Chief Information Officer
CIO is the company executive responsible for the management, implementation, and usability of information and computer technologies that support enterprise goals. The number of CIOs has increased greatly with the expanded use of IT and computer technology in businesses. People who have graduated in business administration and information technology are suitable for this job. The average salary is Rs 20 lacs per annum.
Job of a project manager is to plan, budget, oversee and document all aspects of the specific project. Project manager handles the timing and budget of a project in an organization. They may work closely with upper management to make sure that the scope and direction of each project is on schedule, as well as other departments for support. The average salary is Rs 18 lacs per annum.
Program manager is responsible for the delivery of the output/product of a program. He/she provides strategic guidance to teams and project managers in ways that promote the company’s culture.
People who can oversee the progress of operations and develop efficient strategies and tactics are suitable for this job. The average salary of this position is Rs 19 lacs per annum.
IT Director’s job includes overseeing the infrastructure of technical operations, tracking the technology itself as well as the IT team in order to achieve goals, meet quotas, eliminate security risks, increase user satisfaction, and maintaining operations and systems. The average salary for this job is Rs 34 lacs per annum.
MBA in Information Technology: Salary
India is one of the best places for MBA IT Graduates, as it is a hub of many IT MNCs and job opportunities in cities like Bangalore, Chennai, Hyderabad, Pune, Noida, Gurugram etc are huge. The average salary offered to a fresher is Rs 3-5 lacs per annum while it is Rs 10-15 lacs per annum offered for candidates who have experience of 5 years or more.
The average salary of a manager in an IT company can go up to Rs 12 LPA. Entry level IT Manager salary is about Rs 5 lacs, which is actually more than the starting salary offered to any other MBA specializations’ graduate.
The salary hike in this industry is 6% per year or above and opportunities in the industry is expected to grow at same rate as Industry will continue growing at the rate of about 15% per annum.
Top recruiters for MBA in IT students
An MBA-IT graduate can find jobs in the following fields within IT management:
- IT Governance
- IT Financial Management
- IT Service Management
- IT Configuration Management
MBA-IT professionals can also find career options in Defense, Space agencies, and also in the Automobile sector.
|Government Sector Jobs
- Indian Railways
- Indian Air Force
- Tata Consultancy Services
- Larsen & Toubro
- Brain & Company
- Goldman Sachs
- JP Morgan
- Morgan Stanley
- Walt Disney
MBA in Information Technology: Syllabus
In the business courses, MBA-IT will cover all the essentials of all the specializations like finance, marketing, human resource, operations etc. Students will also be taught leadership and management techniques in the workplace. Some of the topics are:
- Analytical Decision-Making
- Corporate financial strategy
- Leadership development
- International business
- IT in Business Management
- IT and its Core Concepts and Issues
- Development of Information System
- Project Management
- System Development Project Management
- Information System Strategy
- Telecommunication Management
- IT Management Issues
- IT Risk and Management
Method of education will include lectures, classroom discussions, individual and group projects, paper submissions, case studies, quizzes, internships, and industrial visits etc.
Popular colleges offering MBA in Information Technology
Top Colleges in India MBA in IT are:
|Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
||Masters in Information Management (MIM)
||Accepts CAT/MAT/XAT/MAH-CET/CMAT for admission
|KJ Somaiya Institute of Management Studies and Research, Mumbai
||Masters in Information Management (MIM)
||Admission through Somaiya Entrance Test (SET)
|Symbiosis Centre for Information Technology
- MBA in IT Business Management
- MBA in Data Sciences & Data Analytics (DS&DA)
- Executive MBA in IT
|Admissions are done through Symbiosis National Aptitude Test (SNAP)
||Rs 11,85,000 (MBA-IT)
|Balaji Institute of Modern Management, Pune
||PGDM in Information Technology and Marketing
||Exam scores accepted in this college are: CAT, MAT, XAT, CMAT, MAH-CET
|Management Development Institute, Gurgaon
||Post Graduate Programme in Management in Information Technology
||College accepts scores of CAT & GMAT for admission
Other colleges offering MBA in IT are:
Requirements for MBA in Information Technology
MBA in Information Technology programs require all applicants to have a Bachelor’s degree from a recognized university.
Other Eligibility Criterion:
- Students may have to demonstrate proficiency in Calculus and Statistics for admission.
- Some programs of MBA-IT also require students to have majored in some specific fields of business or technology such as Computer Science, Library Science, Industrial Engineering etc.
- Colleges also require scores of national entrance exams like CAT/MAT/ATMA/CMAT/GMAT. Some colleges also provide admission based on their own entrance score i.e SET/NMAT/SNAP
Why should you choose to do an MBA in Information Technology (IT)?
IT sector in India has been witnessing over 20% growth in the last decade and there is no sign of any slow down. It has been exporting software valuing over $ 120 billion in FY 2015, making it the largest exporting industry in India. Studying an MBA in Information Technology opens up huge opportunity for students to work in the Information Technology domain of different firms.
The IT Industry has generated employment opportunities for over 20 million Indians directly and indirectly. If a person wants to be part of a growing industry and love challenges, MBA in Information Technology is the right option. It will allow students to combine their business expertise with a passion for technology, resulting in high growth career in information management or the information technology industry.
This program expands the Information Technology in all facets of business including Outsourcing, e-commerce, IT and ITES sectors. Though the exact curriculum differs from one college to the other, the course usually starts with financial accounting, marketing, and operations management, and moves on to the fundamentals of information technology in computer science, Database Management and Networking, e-Business, telecommunications and so on.