MBA in Artificial Intelligence: Career Prospects and Top Colleges

Vaishali Pandey
November 23, 2024

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Artificial Intelligence (AI) is becoming a key part of business decision-making and automation. With more companies using AI, there’s a rising demand for professionals who can manage and use AI effectively. An MBA in Artificial Intelligence helps you stand out by combining business skills with AI knowledge, preparing you for leadership roles in this growing field.

MBA in Artificial Intelligence: Highlights

Below are the key highlights of the program:

Parameters

Details

Duration

2 years

Eligibility

Graduation with 50% or above marks

Course Type

  • Full -Time
  • Online

Entrance Exams

  • CAT
  • MAT
  • GMAT
  • CMAT
  • XAT
  • NMAT

Average MBA in Artificial Intelligence Course Fee

INR 3 - 10 lakhs

Average MBA in Artificial Intelligence Salary

INR 3 - 12 LPA

Career Opportunities

  • Data Scientists
  • AI Data Analyst
  • Product Manager
  • Data Mining Expert
  • Statistician
  • Software Developer

Top Recruiters

  • HDFC
  • TCS
  • DELL
  • Flipkart
  • Proctor
  • Larsen & Toubro Ltd
  • Anchor Electricals
  • Biomax Fuels Ltd

What is an MBA in Artificial Intelligence?

An MBA in AI is a two-year postgraduate program that combines business management with Artificial Intelligence and Machine Learning expertise. It prepares students to make data-driven decisions and implement AI strategically in various sectors. 

The program focuses on developing managerial skills and technological knowledge, making graduates capable of leading AI-driven projects and teams.

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Why Study an MBA in Artificial Intelligence?

Here are the key benefits of studying this course:

1. Comprehensive Knowledge: 

Students will gain expertise in business management and the AI ecosystem, preparing them for leadership roles in tech-driven industries.

2. Problem-Solving Skills: 

Students will learn how to identify and critically analyse complex problems in the business environment, using AI tools and techniques to address them.

3. Hands-on Experience: 

Candidates will gain practical experience by conducting experiments in simulated environments and using AI tools to build, train, and deploy business applications.

4. Business Impact Understanding: 

The course will help candidates develop the ability to evaluate how external factors impact value creation and business strategies, using AI to drive business outcomes.

5. Solution-Oriented Mindset: 

You will learn to find potential solutions to complex business challenges while assessing risks and evaluating outcomes.

6. Leadership Development: 

Candidates are prepared to lead role-specific management projects and drive innovation within organisations by applying AI solutions.

7. High-Demand Job Profiles: 

AI professionals are in high demand, with MBA graduates possessing advanced technical and business skills sought after across industries.

8. Career Opportunities: 

Graduates can take various career paths, including research, management, and government roles, which offer vast career growth potential.

MBA in Artificial Intelligence: Eligibility Criteria

Candidate must meet the following eligibility criteria to get admission for MBA in Artificial Intelligence: 

Eligibility

Details

Educational Qualification

A bachelor’s degree in any field (preferably in Computer Science, Data Science, or related disciplines) from a recognised institution.

Minimum Marks

At least 50% marks or higher in the undergraduate degree.

Entrance Exams

Admission often requires candidates to appear for relevant entrance exams.

Work Experience

While not mandatory, candidates with relevant work experience in the field are usually given preference.

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MBA in Artificial Intelligence: Entrance Exams

To gain admission to an MBA in AI and ML program, candidates may need to appear in one or more of the following entrance exams. 

Below is a list of exams, their full forms, and upcoming exam dates.

Entrance Exams

Full Form

Exam Date

CAT

Common Admission Test

November 24, 2024

November 30, 2025

CMAT

Common Management Admission Test

May 2025

MAT

Management Aptitude Test

February 25, 2025

NMAT

NMIMS Management Aptitude Test

To be announced

GRE

Graduate Record Examinations

April 21, 2025 - May 4, 2025

SNAP

Symbiosis National Aptitude Test

December 8, 2024

GMAT

Graduate Management Admission Test

To be announced

XAT

Xavier Aptitude Test

January 5, 2025

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MBA in Artificial Intelligence: Admission Process

The admission process for an MBA in Artificial Intelligence generally involves the following steps. While specific procedures may vary slightly by institution, the core steps are below:

1. Undergraduate Degree Requirement

Complete an undergraduate degree with a minimum academic performance record, as specified by the institution.

2. Online Application Submission

Access the official website of your chosen college or university. Sign up as a new user, complete the online application form, and ensure you meet the institution’s eligibility criteria.

3. Upload the Documents

Scan and upload all required original documents, attaching them to your application.

4. Application Fee Payment

Register, pay the application fee, and submit the completed application form.

5. Entrance Exam and Interview

Participate in any required entrance exams. Qualified candidates are typically invited to an interview during the final selection process.

6. Admission Confirmation and Fee Payment

Upon document verification, you will receive an admission confirmation. Submit the program’s academic fee via one of the college’s specified payment methods.

7. Enrollment Confirmation

After fee processing, an enrollment number and ID will be sent via SMS or email to confirm your admission.

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Top MBA in Artificial Intelligence Colleges 

Choosing the right college for an MBA in Artificial Intelligence is important because it affects the quality of education, career opportunities, and networking. Here is a list of top colleges in India offering an MBA in AI and information on fees, expected salaries, and entrance exams.

College Name

Course Fee

Expected Salary

Entrance Exam

IIM Ahmedabad

INR 26.5 lakhs

INR 30 LPA

CAT

IIM Bangalore

INR 26 lakhs

INR 30 LPA

CAT

IIM Calcutta

INR 25 lakhs

INR 28 LPA

CAT

IIT Madras

INR 10.3 lakhs

INR 20 LPA

CAT

Indian School of Business, Hyderabad

INR 12.1 lakhs

INR 25 LPA

GMAT

GRE

IIT Delhi

INR 26.5 lakhs

INR 14 LPA

CAT 

XLRI Jamshedpur

INR 28.6 lakhs

INR 18 LPA

XAT

NMIMS Mumbai

INR 25 lakhs

INR 18 LPA

NMAT

Symbiosis Institute of Business Management, Pune

INR 22.2 lakhs

INR 16 LPA

SNAP

Great Lakes Institute of Management

INR 17.45 lakhs

INR 15 LPA

CAT

XAT

GMAT

IIM Lucknow

INR 20.6 lakhs

INR 25 LPA

CAT

IIM Kozhikode

INR 20.5 lakhs

INR 22 LPA

CAT

Institute of Management Technology, Ghaziabad

INR 21.38 lakhs

INR 12 LPA

CAT

GMAT

XAT

CMAT

ATMA

Woxsen School of Business

INR 14.4 lakhs

INR 10 LPA

WAT

CAT

GMAT

XAT

NMAT

GRE

Amity University

INR 5.29 lakhs

INR 8 LPA

CAT

GMAT

XAT

MAT

CMAT

NMAT

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Top Online MBA in Artificial Intelligence Colleges in India

Several colleges in India offer online or distance education courses in artificial intelligence (AI) for candidates who cannot take a full-time MBA in AI. These programs provide flexibility while ensuring quality education. 

Below is a list of top online MBA programs in Artificial Intelligence, along with details on duration, eligibility, and course fees.

College Name

Duration

Eligibility

Course Fee

IIT Kanpur E-Masters in Artificial Intelligence and Machine Learning

1-3 years

Bachelor’s or Master’s degree in Computer Science, IT, or MCA with 55% or above marks and a minimum of 2 years of work experience 

INR 8 lakhs

DY Patil University 

2 years

Bachelor's degree with minimum 50% marks.

INR 1.4 lakhs

Amrita Online

2 years

Bachelor's degree with minimum 50% marks.

INR 2.4 lakhs

Jain University

2 years

Bachelor's degree in any stream with 50% marks or above

INR 2 lakhs

MBA in Artificial Intelligence: Syllabus

The MBA in Artificial Intelligence syllabus covers a range of subjects, from foundational business principles to advanced AI and machine learning applications. 

Below are the semester-wise topics included in this program:

Semester

Syllabus

1st

  • Organisational Behaviour and Design
  • Managerial Economics and Indian Economics Policy
  • Marketing Management
  • Financial Reporting, Statements, and Analysis
  • Statistics and Quantitative Techniques
  • Information Management
  • Managerial Skills and Communication
  • Professional Upskilling (Practical)

2nd

  • Human Resource Management
  • Corporate Finance
  • Operations Management
  • Entrepreneurship
  • Legal and Business Environment (Micro and Macro)
  • Indian Ethos and Corporate Strategy
  • Research Methods in Business
  • Business Analytics
  • Professional Upskilling (Practical)

3rd

  • Analytics Toolkit for Decision Sciences
  • Introduction to Machine Learning
  • Natural Language Processing
  • Data Visualisation
  • Artificial Intelligence and Its Applications
  • Deep Learning - I
  • Internship

4th

  • Advanced Machine Learning
  • Deep Learning - II
  • Business Intelligence
  • Big Data Management and Security
  • Project

MBA in Artificial Intelligence: Specialisations

Below is a list of specialisations in MBA in Artificial Intelligence, allowing students to focus on areas within AI, along with their focus areas:

Specialisation

Details

Artificial Intelligence and Machine Learning for Business

Focus on integrating AI and ML in business strategies

Emerging Business Tech

Study of new and upcoming technologies affecting business

Generative AI for Business Practitioners

Application of generative AI techniques in business scenarios

AI Ethics and Bias for Business Practitioners

Understanding ethical considerations and managing bias in AI

AI and Business Applications

Practical applications of AI across business functions

Customer Analytics and AI

Leveraging AI to gain insights into customer behaviour

Generative Thinking

Developing innovative solutions through generative techniques

Python

Programming in Python for AI applications

Natural Language Processing

Techniques for processing and analysing human language

Project Management

Managing AI-driven projects within a business framework

Skills Required for MBA in Artificial Intelligence

Below are the required skills for the MBA Artificial Intelligence program:

1. Computing, communication, and collaboration skills

2. Programming languages such as Python, R, and Java

3. Linear algebra and statistics

4. Signal processing techniques

5. Problem-solving skills

6. Neural network architecture

7. Time management and organisational skills

8. Leadership skills and interpersonal skills

9. Analytics and Strategic thinking skills

10. Decision-making and multitasking skills

Scope of MBA in Artificial Intelligence

An MBA in Artificial Intelligence offers various career paths in technology, healthcare, finance, and more. Below is a list of potential job roles for graduates:

Career 

Job Roles

Software Engineer

  • Data Mining Analyst
  • Data Scientists
  • Research Scientist
  • Working with the military Services
  • Assisted Healthcare Technician
  • Software Developer

Game Programmer

  • Computer Scientist
  • Algorithm Engineer
  • Human-Generated Machine Learning Designer
  • Principal Data Scientists
  • AI Developer
  • NLP Scientists

Data Engineer

  • Machine Learning Engineer
  • Machine Learning Developer
  • Robotics Programmer
  • Machine Teaming Manager
  • Business Intelligence Developer
  • Computer Vision

If you're interested in pursuing a career in data science, explore the details of an MBA in Data Science, including courses, colleges, and career opportunities.

MBA in Artificial Intelligence: Jobs and Salary

After completing an MBA in Artificial Intelligence, graduates can explore a variety of job roles across industries. 

Below is a list of job titles and their corresponding salary ranges:

Jobs

Salary

Robotic Scientist

INR 8 - 18 LPA

Technical Service Manager

INR 14 - 24 LPA

Data Analyst

INR 4 - 12 LPA

Data Scientists

INR 5-7 LPA

Game Programmer

INR 6 - 15 LPA

Product Manager

INR 22 - 31 LPA

Business Intelligence Developer

INR 6 - 9 lakhs

Lead Network Engineer

INR 18 - 20 LPA

Computer Scientist

INR 6 - 18 LPA

Security Analyst

INR 5 - 6 LPA

Data Architect

INR 21 - 36 LPA

Data Communications Analyst

INR 1.4 - 24 LPA

If you're looking for data scientist jobs, it's essential to understand what are data scientists and what do they do?

MBA in Artificial Intelligence: Top Recruiters

Below is a list of top recruiters in the AI field, and graduates of MBA in AI can expect to be recruited in various industries. 

Top Recruiters

Equifax

NVIDIA

AIG

Amazon

ABB

Reliance

ADA

Oracle

Juniper Network

Microsoft

Infosys

TCS

DELL

Flipkart

Proctor

Larsen & Toubro Ltd

Anchor Electricals

Biomax Fuels Ltd

MBA in Artificial Intelligence: AI Domains

The MBA in Artificial Intelligence program prepares students for various AI domains that students can specialise in, such as:

Top AI Domains

Virtual Agents

Deep Learning

Machine Learning

Robotics

Virtual & Assisted Reality

Natural Language Processing

Speech/Voice Recognition

Cognitive Automation

Neural Networks

 

Recommended Books for MBA in AI and Machine Learning

For those interested in further exploring AI and Machine Learning, here are some recommended books to enhance your knowledge:

Book Name

Author Name

TensorFlow in 1 Day: Make your own Neural Network

Krishna Rungta

The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World

Pedro Domingos

Machine Learning: A Probabilistic Perspective

Kevin P. Murphy

An MBA in Artificial Intelligence prepares you for an exciting career combining business skills and AI knowledge. This program gives you the tools to manage AI projects and make smart decisions in tech-driven industries. With AI changing how businesses work, this MBA can make you a strong candidate in today's job market.

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FAQs for MBA in Artificial Intelligence

What is Artificial Intelligence in an MBA?

An MBA in AI combines core business principles with advanced technology skills, such as machine learning, speech recognition, and decision-making algorithms.

Is an MBA in AI worth it?

Yes, the demand for AI professionals increases as AI continues to grow across various industries. Graduates can pursue roles such as Data Analysts, Machine Learning Engineers, Algorithm Engineers, Computer Scientists, and Robotics Programmers.

What is the salary for an MBA in Artificial Intelligence?

The salary for an MBA in AI typically ranges from INR 6 LPA to INR 17 LPA, with experienced professionals earning up to INR 17 LPA or more.

How much does an MBA in AI cost?

The cost of an MBA in AI generally ranges from INR 10 lakhs to INR 30 lakhs for a two-year program.

What is the future scope of an MBA in AI?

An MBA in AI opens career opportunities in industries like technology, finance, healthcare, retail, and manufacturing. Graduates can work as AI consultants, data scientists, project managers, business analysts, or AI strategists.

Can I pursue AI after BBA?

Yes, a Bachelor of Business Administration (BBA) equips students with business acumen, which is valuable when transitioning into AI and data science fields. Many BBA graduates are successfully moving into roles in AI and data science.

What is the salary of an MBA in Artificial Intelligence in the USA?

In the USA, the average salary for an MBA in AI is around $152,301 per year, with entry-level salaries starting at $115,004 per year and experienced professionals earning up to $204,300 annually.

What is the salary of AI professionals with a Master's degree?

AI professionals with 7 years of experience can expect an average salary of INR 14.5 LPA.

Is Artificial Intelligence available in IITs?

Yes, several IITs, such as IIT Roorkee, IIT Madras, IIT Kharagpur, and IIT Guwahati, offer courses in Artificial Intelligence.

 Which companies hire AI engineers?

Top companies that hire AI engineers include Google, Amazon, Meta, Microsoft, NVIDIA, Adobe, Apple, and Zoho.

 What is a 1-year course in AI?

The 1-Year PG Diploma in Artificial Intelligence & Machine Learning at GLA University is a comprehensive program that provides students with essential AI and machine learning skills.

Who is eligible for the MBA in Artificial Intelligence course?

Candidates with a bachelor’s degree in any field (preferably with a background in Computer science and Data Science) and a minimum of 50% marks are eligible for this program.

Top colleges offering MBA in Artificial Intelligence?

Some top colleges offering an MBA in AI include Amity University, BML Munjal University, and SRM School of Management.

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