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Best Indian colleges for MBA

Master of Business Administration or MBA is one of the most popular graduate programs in India and abroad. The two-year MBA program acts as a gateway to a host of career and business opportunities. This course provides knowledge related to business administration and business operations management. Students of any background, including science, business, and humanities, can earn an MBA. Therefore, this article is all about the best Indian colleges for MBA.

Such students should also possess skills such as excellent communication, leadership, problem solving, management, inquiry orientation, analytical thinking, an eye for detail, goal orientation and ability to work under pressure, strong mathematical skills, etc. MBA is the most popular among all and includes theory classes, practical projects and internships. Both recent graduates and candidates with a few years of work experience opt for a full-time MBA.

India is home to some of the top Indian colleges for MBA, such as the Indian Institute of Management (IIM), Ahmedabad; Indian Institute of Management (IIM), Bangalore; Indian Institute of Management (IIM Calcutta), Kolkata; Indian Institute of Management (IIM), Lucknow; Indian Institute of Technology (IIT), Kharagpur; Indian Institute of Management (IIM), Kozhikode; Indian Institute of Management (IIM), Indore; Department of Management Studies (DMS) IIT Delhi, Delhi; XLRI Xavier School of Management, Jamshedpur; Management Development Institute (MDI), Gurgaon, etc. MBA in India can be a good option for applicants looking for an affordable fee structure with a high return on investment.

In India, an MBA degree is offered in various specializations. Some of the most prominent are the following:

  • General Administration
  • Marketing
  • Operations manager
  • Health analysis
  • Event management and public relations
  • Marketing
  • Financial management
  • Marketing
  • Finance and Marketing
  • Industrial engineering

There are approximately 5200 MBA colleges in India offering the course in a full-time, part-time, distance and online mode of study. These universities offer degree, diploma and certificate courses. Out of these, the top 20 MBA universities in India ranked by NIRF offer degree courses in a full-time mode of study.

Eligibility criteria for MBA

The eligibility criteria for the MBA course may differ from one university to another. However, the basic eligibility criteria for taking an MBA are as follows:

Candidates must have passed graduation in any discipline or equivalent from a recognized university as the basic eligibility criteria for MBA (full-time). Most institutes follow the minimum score criteria at graduation, which is 50% on average or equivalent. Some of the universities also offer a 5 percent relaxation to students in the reserved categories. Candidates for senior year graduation are also eligible to apply for MBA, provided they present proof of completion of the graduation degree within the duration specified by the institute.

In addition to merit-based admission, many top-notch MBA universities in India also accept national and state level entrance exam scores including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc. for MBA admissions.

Although there are many MBA universities in India, there are some of the best that have been listed by NIRF. Below is a list of Top 10 MBA Universities in India ranked by NIRF:

College Name

NIRF’20 Ranking

IIM Ahmedabad

1

IIM Bangalore

2

IIM Calcutta

3

IIM Lucknow

4

IIT Kharagpur

5

IIM Kozhikode

6

IIM Indore

7

Department of Management Studies (DMS) IIT Delhi, Delh

8

XLRI Xavier School of Management, Jamshedpur

9

MDI, Gurgaon

10

 

Following is the list of top 10 MBA colleges in India ranked by Outlook:

College Name

Outlook’20 Ranking

IIM Bangalore      

1

IIM Ahmedabad

2

IIM Calcutta

3

IIM Indore

4

IIM Lucknow

5

XLRI Xavier School of Management, Jamshedpur

6

MDI Gurgaon

7

IIM Kozhikod

8

S.P. Jain Institute of Management and Research (SPJIMR), Mumbai

9

IIM Trichy

10

 

Following is the list of top 10best Indian colleges for MBAranked by Times:

College Name

Times’20 Ranking

IIM Shillong

1

IIM Raipur

2

IIM Udaipur

3

IMT Ghaziabad

4

KJ Somaiya Institute of Management, Mumbai

5

MDI Gurgaon

6

Amity Business School, Noida

7

IIM Kashipur

8

IIT Kharagpur

9

Symbiosis Institute of Business Management (SIBM), Pune

10

 

Here is the list of some of the top privatebest Indian colleges for MBA:

Private Colleges

Course Fee (in Rs)

XLRI Xavier School of Management, Jamshedpur

23,60,000      

MDI Gurgaon

18,48,000

SPJIMR, Mumbai

17,50,000

 

Here is the list of some of the top publicbest Indian colleges for MBA:

Public Colleges

Course Fee (in Rs)

IIM Ahmedabad

23,00,000

IIM Bangalore

18,70,000

IIM Calcutta

10,00,000

IIM Lucknow

5,96,000

IIT Kharagpur

9,26,700

 

What are the study options after MBA?

MBA graduates can choose from multiple courses to pursue higher education or certification. The popular courses are mentioned below:

  • Chartered Financial Analyst (CFA)
  • Financial Risk Manager (FRM) Exam
  • Certified Information Systems Auditor (CISA
  • Certification in Risk Management Assurance (CRMA)
  • Certified in Production and Inventory Management (CPIM)
  • Project Management Professional (PMP)
  • Second MBA from an international business school

MBA Placement Trends

  • Finance Manager
  • Marketing Manager
  • Sales Manager
  • Human Resources Manager
  • Operations Manage
  • Product Manager
  • Data Analytics Manager
  • Digital Marketing Manager
  • Advertising Sales Manager
  • NGO Manager

Graduates from below top 9 MBA colleges in India get a median salary of Rs 10-20 LPA:

  • Department of Management Studies (DoMS IIT Madras)
  • IIM Udaipur
  • IIM Trichy
  • IIM Raipur
  • IIM Ranchi
  • DMS IIT Delh
  • IIM Kozhikode
  • IIM Indore
  • IIT Kharagpur

Graduates from below 5 top MBA colleges in India fetch a median salary of Rs 20-30 LPA:

  • Shailesh J. Mehta School of Management (SJMSOM IIT Bombay
  • IIM Lucknow
  • IIM Bangalore
  • IIM Ahmedabad
  • IIM Calcutta

Graduates from below top 2 MBA colleges in India bag a median salary of more than Rs 10 LPA:

  • Indian Institute of Technology (IIT Roorkee)
  • IIT Kanpur

Top Recruiters for MBA Graduates

MBA graduates of all domains are in high demand. All organizations, large or small, private or government, hire MBA holders in various capacities. Below is the list of some of the top companies in India hiring MBA postgraduates along with their placement qualifications:

Colleges

Location ratings (based on reviews)

Top recruiters

IIM Bangalore

4.8

3M, AT Kearney, Abbot, Accenture, Acura, Adani Group, Aditya Birla Group, Amazon.com, American Express, Arthur D Little, Arvind Brands, Asian Paints, Askmebazaar.com, AVIVA, Axis Bank, Barclays Capital, Biocon, Capital Uno, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Google, HDFC Bank, Heinz, Hindustan Unilever, HSBC, Hyundai, IBM, ICICI, ITC, JP Morgan Chase, McKinsey, Morgan Stanley, Nerolac, Nomura, Philips India, Practo, Urban applause.

IIM Calcutta

4.7

Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank

IIM Ahmedabad

4.6

A T Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser

IIM Lucknow

4.6

Aditya Birla Group, American Express, Asian Paints, Axis Bank, Bank of America, Cadbury, CITI Bank, CITI Financial, Coca-Cola, Colgate Palmolive, Dabur, ebay, Genpact, Godrej, Hewitt, Hewlett Packard, HSBC, HT Media, IBM, ICICI, Inductis, Infosys, McKinsey, Microsoft, Nestle, NSE, SAP, Yahoo

IIT Kharagpur

4.5

Accenture, American Express, BCG, Bosch Ltd, Capital One, Deloitte, Deutsche Bank, EXL Services, Facebook, Ford Motors, Goldman Sachs, IBM, Kepler Canon, KPMG, LinkedIn, Microsoft, Morgan Stanley, PWC, Samsung, UBS, VISA, ZS Associates

 

How affordable is studying MBA in India?

About 50% of MBA colleges have a fee structure ranging from Rs 1-2 Lakhs. Some of these universities are:

  • IIT Kanpur
  • DMS IIT Delhi
  • IIM Lucknow
  • IIT Roorkee
  • National Institute of Industrial Engineering (NITIE Mumbai)
  • DoMS IIT Madra
  • SJMSOM IIT Bombay
  • IIM Kozhikode
  • IIT Kharagpur
  • IIM Calcutta

About 31% of MBA colleges have a fee structure ranging from Rs 10-20 Lakhs. Some of these universities are:

  • IIM Udaipur
  • IIM Raipur
  • IIM Ranchi
  • IIM Indore
  • IIM Bangalore

About 6% of MBA universities have a fee structure of more than Rs 20 lakh. Some of these universities are:

  • IIM Ahmedabad

Top Private Management Colleges in India with Best ROI (Return on Investment) in 2020

COLLEGE NAME           

AVERAGE ANNUAL FEE     

AVERAGE SALARY PACKAGE        

ROI RANK

XLRI Jamshedpur           

INR 4,26,000  

INR 22,35,000

1

SIBM Pune      

INR 5,90,000  

INR 17,48,000

2

SPJIMR Mumbai           

INR 9,30,000  

INR 22,90,000

3

MDI Gurgaon 

INR 9,43,000  

INR 20,13,000

4

Lovely Professional University [LPU]           

INR 2,90,000  

INR 6,00,000  

5

IMT Ghaziabad           

INR 10,35,000

INR 12,50,000

6

SIBM Bangalore           

INR 8,20,000  

INR 9,79,000  

7

ISB Hyderabad

INR 34,63,000

INR 25,06,000

8

Great Lakes Chennai           

INR 16,00,000

INR 11,00,000

9

 

Top Management Colleges in India: Region Wise

There is a long list of top management universities in India.

  • Maharashtra emerges as the largest player with 837 universities.
  • Other popular destinations to pursue management education in India include Tamil Nadu, Uttar Pradesh, and Delhi NCR.

Top Management Colleges in Maharashtra

COLLEGE NAME         

TOTAL MBA FEES

IIT Bombay     

INR 1,00,000

SP Jain Mumbai         

INR 17,50,000

JBIMS Mumbai           

INR 1,00,000

Symbiosis Pune          

INR 19,20,000

NarseeMonjee Mumbai        

INR 18,50,000

NITIE Mumbai

INR 12,00,000

WESCHOOL Mumbai 

INR 22,00,000

IMED Pune     

INR 4,50,000

KJ Somaiya Mumbai  

INR 14,34,000

IMT Nagpur    

INR 12,10,000

SIMSREE Mumbai      

INR 1,38,000

BIMM Pune    

INR 8,90,000

SIES COMS Mumbai   

INR 9,00,000

PIBM Pune      

INR 15,90,000

BIMHRD Pune

INR 8,90,000

 

Top Management Colleges in Delhi NCR

COLLEGE NAME

TOTAL MBA FEES

IIT Delhi          

INR 9,60,000

MDI Gurgaon 

INR 18,80,000

IIM Rohtak      

INR 16,70,000

IMI New Delhi

INR 16,33,000

IIFT New Delhi

INR 15,20,000

JamiaMilliaIslamia, New Delhi          

INR 1,30,000

Department of Commerce, New Delhi          

INR 31,400

FMS New Delhi          

INR 1,92,000

FORE School of Management, New Delhi     

INR 15,98,000

Amity Global Business School, Noida

INR 7,80,000

IMT Nagpur    

INR 20,70,000

Amity University, Noida         

INR 6,80,000

BIMTECH Greater Noida        

INR 12,50,000

Jaipuria Institute of Management, Noida      

INR 9,90,000

Indraprastha University, New Delhi  

INR 1,40,000

 

Top Management Colleges in India: Entrance Exam Wise

Management colleges in India accept different exams for different courses. For MBA, top exams include AIMA UGAT and IPU CET, whereas, for MBA, top exams include, CAT. MAT, and CMAT. Categorized below are some of these best colleges according to entrance exam score they accept.

COLLEGE NAME         

BBA FEES

ICFAI Foundation for Higher Education, Hyderabad     

INR 7,80,000

KIIT School of Management, Bhubaneswar  

INR 8,40,000

ICFAI Business School, Hyderabad     

INR 7,80,000

GITAM Institute of Management, Visakhapatnam          

INR 6,00,000

OP Jindal Global Business School, Sonepat   

INR 12,00,000

IMS Kolkata    

INR 2,73,000

SRM University, Sonepat        

INR 4,68,000

Shobhit University, Meerut   

INR 1,68,000

GLS University, Ahmedabad  

INR 1,38,000

NDIM New Delhi        

INR 1,08,000

 

Top Management Colleges in India Accepting CAT

COLLEGE NAME         

CAT CUTOFF 2020

IIM Ahmedabad         

90

IIM Bangalore

99

IIM Calcutta   

99

IIM Lucknow   

97

IIM Indore      

97

IIM Kozhikode 

97

IIT Madras      

85

IIT Delhi          

90

IIT Bombay     

90

IIT Roorkee     

95

 

Top Management Colleges in India Accepting MAT

COLLEGE NAME         

MAT CUTOFF 2020

JIMS New Delhi          

63

IIHMR University, Jaipur        

67

SRM Chennai  

67

KIIT Bhubaneswar      

80

Alliance University, Bangalore          

67

VIT Vellore     

80

UPES Dehradun          

87

BIMTECH Greater Noida        

70

BIT Mesra, Ranchi      

43

Jaipuria Institute of Management, Noida      

67

 

Top Management Colleges in India for MBA Finance

COLLEGE NAME         

AVERAGE FEES

IIM Bangalore

INR 23,15,000

IIM Calcutta   

INR 27,00,000

IIM Indore      

INR 15,70,000

IIT Kharagpur 

INR 10,40,000

XLRI Jamshedpur        

INR 15,00,000

IIT Bombay     

INR 10,00,000

IIT Roorkee     

INR 8,20,000

SP Jain Mumbai         

INR 17,50,000

Great Lakes Chennai  

INR 16,00,000

IIM Raipur      

INR 14,50,000

 

Top Management Colleges in India for MBA in Marketing

COLLEGE NAME         

AVERAGE FEES

IIM Bangalore

INR 23,15,000

IIM Calcutta   

INR 27,00,000

IIM Indore      

INR 15,70,000

IIT Bombay     

INR 10,00,000

FMS Delhi       

INR 1,92,000

ISB Hyderabad

INR 37,50,000

IIM Trichy       

INR 18,30,000

IIT Madras      

INR 8,00,000

NarseeMonjee Mumbai        

INR 18,50,000

Symbiosis Pune          

INR 19,20,000

 

Top MBA Colleges in India: Frequently Asked Questions

Q.1.What changes has IIM Indore made to the CAT 2020 exam pattern?

Answer. IIM Indore has released a new press release on September 16. According to this, CAT 2020 will only be for 2 hours, instead of 3. Each section will have 40 minutes and candidates will not be able to change sections. Tutorials related to the updated exam pattern will be available from October 2020.

Q.2.What changes can students make to the CAT application form this year?

Answer. IIM Indore has opened the form correction window for the CAT 2020 application form until 5:00 p.m. September 29. The IIM Council allows students to make 3 changes:

  • Firm
  • Photography
  • Test city preferences

Any changes other than these will not be entertaining.

Q.3. What are the best management universities in India?

Answer. IIMs and IITs are the best universities for MBA in India. The best IIMs include IIM Ahmedabad, IIM Bangalore, IIM Lucknow, IIM Calcutta, and IIM Kozhikode. Among the IITs, the best names include IIT Bombay, IIT Madras, IIT Delhi and IIT Kanpur. Also, government universities like FMS Delhi and NITIE Mumbai, and private B schools like SP Jain Mumbai, NarseeMonjee, XLRI Jamshedpur and MDI Gurgaon also offer a good education.

For BBA, the best universities in India are SSCBS (ShaheedSukhdev Singh College of Business Studies), New Delhi, NMIMS Mumbai, and Chandigarh University.

Q.4. Which University is Best for MBA in Finance in India?

Answer. MBA Finance is one of the leading MBA specializations in India. It is offered by more than 2000 MBA universities in India. Some of the best universities in India for MBA Finance are IIM Kozhikode, SP Jain Mumbai, IIFT New Delhi and MDI Gurgaon.

Q.5. Why is MBA so expensive?

Answer. MBA is one of the most popular courses and the basic eligibility criterion is also not too difficult. Students from any stream can pursue this course. In addition to this, also MBA offers the most lucrative career options to students. The package offered after completing MBA is one of the highest in India. Also, there is a huge demand for the course, thus making it one of the most expensive courses.

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