MBA In Rural Management - Eligibility, Admission, Colleges, Syllabus & Career Opportunities

What Is An MBA In Rural Management?

MBA in Rural Management is a special management teaching program in which students aim to equip themselves with the skills necessary to develop, manage, and enhance rural businesses, communities, and economies. The course includes an application of management principles for rural development, agrarian business, and social entrepreneurship, allowing sustainable development for non-sectoral development.

Some of the major areas of MBA in rural management are as follows:

• Areas of concentration: Rural Development, Agricultural Business, Microfinance, Social Entrepreneurship and Sustainable Development. 
• Skills Developed: Policy Building, Rural Marketing, Supply Series Management, Financial Inclusion, Project Scheme. 
• Industries covered: Agriculture, NGOs, micro-financing, rural banking, government bodies and corporate CSR initiatives. 
• Job Profiles: Rural Development Manager, Agribity Consultant, NGO Manager, Micro-Finance Analyst and CSR Strategist. 
• Top colleges offering MBA in rural management: IRMA Anand, IIM Ahmedabad (PGP-FABM), XIMB (RM), Pest School of Rural Management and TISS  Mumbai.

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Why Choose An MBA In Rural Management?

India stands as a promising option for pursuing an MBA in Rural Management, given the buoyant rural economy and an increasing reclined interest towards sustainable development, agribusiness, and rural entrepreneurship. This MBA equips students with strategic viewpoints, managerial skills, and policy understanding to seek growth in the rural sectors and stay ahead with the latest trends and technologies. Here's why pursuing an MBA in Rural Management in India proves to be a sensible decision:

Scope of MBA in Rural Management

1. Expanding Career Opportunities: These all take you to any job in agribusiness, rural development, microfinance, NGOs, government organizations, and corporate CSR.
2. Higher Earning Potential: The rural management graduates are in high demand as inclusive growth is the motto of government and nonprofit organizations. The lucrative job accounts like rural marketing, financial inclusion, and impact assessment promise high wages along with job security and stability.
3. Global & Government Opportunities: The transformation towards rural India, in consideration of the country's focus, attracts this MBA to the doors of multinational companies, PSUs, development banks, and even international NGOs.
4. Diversity at Work: From agribusiness consulting and supply chain management to rural banking, social entrepreneurship, and policy-making, an MBA in Rural Management discusses a wonderful topical and versatile career choice in sectors like agriculture, finance, healthcare, and education.

Even the best Indian B-schools like IRMA, IIM Ahmedabad (PGP-FABM), XIMB, and TISS Mumbai that offer this MBA have great alumni and networking access.

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MBA In Rural Management: Key Highlights

MBA in Rural Management opens up various avenues of career development while also making the student a strategic thinker. An MBA in Rural Management emphasizes and focuses on the developing personality of a student into a social entrepreneur and a leader. The course has the knowledge, exposure, and problem-solving skills taught to students relevant to the industry in order to prepare them for the rural development sector. Before selecting the course of MBA in Rural Management, there are some key highlights to look into: 

Note: The course fee and the average salary aforementioned are subject to change and may vary.

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Key Benefits Of Pursuing MBA In Rural Management

There are many benefits to pursuing an MBA in Rural Management, which goes as follows: 

• Indeed, this is a pertinent development which can be greatly benefitting to an MBA in Rural Management graduate; they play a vital role in making a difference in the lives of people living within rural communities. 
• With population growth and continuous urbanization, there is an increased demand for professionals in the field with adequate training. Thus, this is one potential area for securing high-end jobs for MBA graduates. 
• Rural development can be very rewarding and meaningful. An MBA can also use his skills for real change. 
• Rural development is an area of growing focus and, therefore, ensures long-term stability in a career, combined with opportunities for growth.

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Admission Process For MBA In Rural Management

• Exams such as CAT, MAT, GMAT, XAT, SNAP, or university-specific exams are available.
• Some institutes may require work experience in rural development or related fields.
• Admissions depend on the combination of a group discussion and a personal interview following the entrance exam. The purpose of the GD/PI is to evaluate qualities in candidates beyond academic and exam scores.

MBA Rural Management Eligibility Criteria 

• Admission requires a bachelor's degree in any discipline. 
• The minimum 50% for the Bachelor's program should aid entrance.

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Detailed Syllabus Covered In MBA Rural Management

The MBA in Rural Management has a mixture of required management courses in marketing, finance, and human resources and rural-specific topics in agriculture economics, microfinance, and rural entrepreneurship.

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MBA In Rural Management: Top B-Schools, Salary Packages & Fee Structure

Regarding the prospects offered after the program, which is also an important consideration when selecting a good B school for rural management specialization, some of the leading B schools in India have been compared on the average, median, and highest CTC along with their respective fee structure in the table below. MBA In Rural Management fee structure varies directly for institutes, but even among such diversities, ROI proves to be another important consideration. This comparison renders various insights to aspiring marketers with respect to their placement scenarios and costs of their programs as overleaf:

Note: Please note that the aforementioned fee structure and average package are subject to change and may vary. Please visit the official website for more information.

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Career Opportunities After MBA In Rural Management

An MBA in Rural Management provides access to a diverse array of stimulating and profitable career opportunities in various sectors of the rural management industry.  Here are some of the most sought-after options, which go as follows:

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Top B-Schools Offering MBA In Rural Management

These are a few of the top Indian MBA B-schools that hold an MBA in Rural Management from both the private and government sectors, covering the said area of specialization under Rural Management, and a list of the top B-schools that must be considered while thinking of an MBA in Rural Management:

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MBA In Rural Management: Top Recruiters

Here is a list of top companies that recruit MBA graduates in rural management, offering diverse career opportunities tailored to the unique challenges of rural areas and providing growth potential for professionals in this field, including: