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Yes, this is the normal procedure. But if you really wish to study in a good B-School that provides quality education, then WLCI Business School is an excellent choice. They offer a Professional Diploma in Business Management including a unique traineeship programme where students are given practical training. You can specialize either in Marketing, Finance or HR. All the courses are industry oriented with excellent faculties.
Their placement cell is quite praiseworthy. Admissions are going on and you can either visit the nearest WLCI campuses or download the form from WLCI website.
Recently, they have launched a scholarship programme through which students can avail up to 100% scholarship after clearing a test. The Last Day for Registration is 20th January, 2014 and you can apply at http://wlciadmissions.in/scholarship

Hi,
* To pursue PhD you need to pass master's / M.Phil with minimum 55%. You need to sit for an entrance exam. Below is the list of some of the PhD entrance exams :
-UGC NET exam
-Symbiosis PhD Entrance Examination
-AIMA PhD Entrance Exam
-JNU PhD Entrance Exam
-Alagappa University PhD Entrance Exam
-Kurukshetra University PhD Entrance Exam
-University of Hyderabad PhD Entrance Exam
-BR Ambedkar Open University PhD Entrance Exam
-BITS Pilani PhD Entrance Examination
-ICT Mumbai PhD Entrance Exam
* Below is the list of universities offering PhD :
-Delhi Technological University (DTU)
-Goa University
-Anna University
-Acharya Nagarjuna University
-Banaras Hindu University
-Government M.H. College of Home Science
-Indian Institute of Science
-Jadavpur University
-Jain University
-Birla College of Arts Science & Commerce
-Coimbatore Institute of Technology
-Government Arts College
While selecting the best, you need to check some of the important parameters such as recognition, year of establishment, batch size, syllabus, faculty, fees, placements etc.
Hope it helps. Please feel free to revert. Click on the thumbs up or mark it as the best, if you found this useful.
Wish You Luck!