Which are the some of Top MBA Colleges in India? Which state in India is the best for MBA?
In a thriving economy, there is a big need for talent that exceeds the expectations of the current growth rate. Keeping this growing requirement in mind, a craze to become a B-school graduate among the students hasspurt up. During the last decade there is a significant demand for management professionals. With over 3000 colleges offering a management degree, a significant amount of colleges boasts about offering great quality management education and placements. Considering the need of the hour, selection of course and college to pursue MBA rightly becomes important. Letu2019s have a look at the factors you should consider while searching for top MBA colleges, that will not just offer a course, but make you u2018Industry readyu2019 and management expert. MBA course offers specialisation in about 30 fields. Some of the few MBA specializations in demand in India are as Entrepreneurship, Strategic management, International Management, Finance, Marketing, Human Resource, Information Technology management. Choosing specialisation becomes a crucial decision as the course forms a foundation of career and employment opportunities. It will impact your future ambitions and decisions. Another factor you may wish to consider is your placement and salary, as each specialization has its own merits. While in change with technology, digital marketing, Global MBA, Health care management, tourism, are also emerging fields. MBA eligibility criteria in India is any bacheloru2019s Degree from a recognized University/Institute. This academic program is 2 years long. Some of the top entrance tests conducted in India for admission to the course are MAT (Management Aptitude Test), CAT (Common Admission Test), CMAT (Common Management Admission Test), SNAP (Symbiosis National Aptitude Test), XAT (Xavier Aptitude Test), GMAT (Graduate Management Aptitude Test u2013Abroad). While CAT score is accepted in all government colleges like IIM and most of the private institutes, some of the top private institutes for MBA conduct their own entrance exam such as XAT by Xavier and SNAP by Symbiosis college. Scores and cut-offs for most of the good MBA colleges start from 80 percentile and goes as high as 99 percentiles for top colleges such as IIMs. Top private MBA institutes like SPJIMR-Mumbai, FMS-Delhi, MDI-Gurgaon and IMT-Ghaziabad usually have cut off above 95 percentiles. While you might have a high score, it's important to consider various other criteria while choosing a college such as course specializations, College ranking, College infrastructure, Placement, learning opportunities and Industry connect, Fees structure and Eligibility criteria. It may help you understand the culture of a college and how that educational environment suits your personality. This will help you understand if the program that they offer supports your study habits and will help you achieve your professional goals. According to NIRF, National Institute of Ranking framework, which is approved by MHRD, Government of India here is a list of top MBA colleges in India. Most of the IIMs are considered as top colleges for pursuing an MBA degree with IIM - Bangalore leading the list. Followed by this are IIMs in Ahmedabad, Calcutta, Lucknow and IIM Kozhikode. Some of the top private institutes are International Management Institute-New Delhi Management Development Institute Gurgaon International Management Institute Kolkata Xavier Labour Relations Institute (Xlri) Thiagarajar School Of Management S. P. Jain Institute Of Management & Research Vellore Institute Of Technology Lal Bahadur Shastri Institute Of Management, Delhi Birla Institute Of Technology Department Of Business Administration - Tezpur University Institute Of Management, Nirma University Xavier Institute Of Management & Entrepreneurship, Bangalore Great Lakes Institute Of Management, Chennai MBA provides lucrative job opportunities with attractive salary packages. Salary packages in some of the MBA colleges in India go as high as 75lakhs to 1 crore. The average salary in the top MBA colleges is around 15 to 30lakh per annum with most of the top institutes having a starting package of 12lpa and above. In the year 2019,the best MBA colleges in India placement wise are IIM-A PGPX, whose grads received a whopping Rs. 1.38 crore package, the highest international salary. The average salary being Rs 28.76 lakh and Rs 54.55 Lakh being the highest domestic salary and. FMS college in Delhi has an average salary of 20 lakh and IIM-B has its average salary increased by 2 lakhs. Many top Institutes like IIMs, XLRI Jamshedpur have an average salary of 16 to 18 lakhs per annum. Here are the top MBA colleges in India with fees as high as Rs. 40 lakhs to low as nominal fees of Rs. 22,000. MBA fees in India range from Rs 20,000 to Rs 40 lakh. While the fees of MBA programmes offered by universities and government colleges are on the cheaper side, the same programme offered by private institutes is expensive. MBA fees at IIMs range from Rs 9 lakh to Rs 23 lakh, with IIM Amritsar fees being 9 lakh and the fees of the MBA programme at IIM Ahmedabad is Rs 23 lakh. There are the Government University MBA departments or affiliated colleges which are good and have a low fee structure. MBA at FMS Delhi of Delhi University is offered at a fee of Rs. 22,000 for the entire MBA programme, SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs.1.36 lakhs. The Pune University MBA is offered at a low fee of Rs.2.45 lakhs. As the MBA is not fined for a desk job which requires only fine-tuned knowledge in some subject but having first-hand experience on various management and soft skills become important. To provide these skills, a good infrastructure is a necessity. While you choose from MBA colleges in India based on its ranking, course, fees and other aspects, consider the infrastructure and extracurricular activities conducted by the college. IIM Ahmedabad has one of the beautiful campuses, designed to provide a space to promote interactions and discussions. Spread over 100 acres IIM Bangalore also has a beautiful campus which has all-stone architecture. It has a night canteen inside the campus and state of the art music room. Indian School of Business Hyderabad is spread over 260 acres and has a huge courtyard in the middle of the academic centre. The student hostels are called villages each having studio services apartments. Some of the best mba colleges in india are u2013 1.tIIM Bangalore: Indian Institute of Management. 2.tIIM Ahmedabad: Indian Institute of Management 3.tIIM Calcutta: Indian Institute of Management 4.tXLRI Jamshedpur: Xavier School of Management. 5.tSPJIMR Mumbai 6.tIIM Indore 7.tIIM Lucknow 8.tISB Hyderabad 9.tMDI Gurgaon 10.tIIM Kozhikode 11.tFMS Delhi And the lists even stop. Other among the top MBA institutes with great infrastructure are IIM Lucknow, IIM Kozhikode, IIM Indore, Goa Institute of management, Great Lakes Institute of Management, Symbiosis Institute of Business Management and Indian Institute of Forest Management. In order to transform students with all-round development, a multitude of opportunities for sports and other extracurricular activities plays an important role. Business schools become living laboratories where you can experience first-hand multitasking, competing and interaction. While studying in MBA colleges, you get an opportunity to learn from the vast diversity of your fellow mates. Extending classroom learning experience such as organizing guest lectures, participating In seminars, inter-business school competitions, publishing in house magazines, social and cultural activities help you attain better exposure to the outside world. Committees and clubs organizing debates, quizzes and other meetups to discuss trending topics provide a right platform to students to explore and develop in their area of interest. While it's necessary to know the college ranking of MBA colleges in India before choosing a college, we suggest you look at other aspects of the college as mentioned above. MBA gives you a multi-fold exposure, which makes it crucial for you to choose the college wisely. Considering the fact that MBA studies are not confined to 4 walls but activities that involve industries and companies that act as resources to you while studying, choosing a college from a city that provides easy accessibility to all such resources is a wise decision. Here is a list of the top 5 cities to consider while deciding a college to pursue an MBA from. Ahmedabad,Gujarat: Currently Ahmedabad is the third fastest-growing city in the world. It has several theatre groups, student clubs and a range of other student-led activities giving you just the right opportunity. Bangalore, Karnataka: This garden city is known as u201cSilicon Valley of Indiau201d, making it home for many successful start-ups and MNCs. It has one of the vibrant lives, giving you an opportunity to explore. Delhi: Delhi is a good option for students aspiring for an MBA as the Return on Investment is faster and efficient. Delhi is known for its fastest-growing retail industries and the cityu2019s economy consists of integral sectors like construction, power, telecommunications, health and community services and real estate. Hyderabad, Telangana: Hyderabad houses The Indian School of Business, which ranks as one of the top business schools. There are many other great business schools in the city with a great reputation and adopted with robust teaching methods. Mumbai, Maharashtra: Mumbai is a densely populated city on Indiau2019s west coast. Its high standard of management education through institutions such as XLRI, Jamnalal Bajaj and S P Jain is an excellent option for students to explore. Bangalore is one of the top citiesu2019 students aspire to study MBA from, here are the reasons why students love Bangalore. 1.tBangalore houses most of the top MNCs like Wipro, Infosys. Start-ups are flourishing at a very high rate and Bangalore also houses industries from other sectors like garments, E-Commerce, manufacturing etc. This will impact placements as companies prefer to hire from local top colleges. 2.tInternships and exposure to the industry while studying in college becomes easier with easy accessibility of companies. 3.tBangalore is a hub for students from across India. This gives an opportunity to learn cross cultures and grow with a broader mindset. 4.tWeather in Bangalore is a plus point, as anyone from outside easily gets acquainted with. As mentioned above, there are few top MBA colleges in Bangalore which you can consider. Bangalore is home to more than 100 MBA colleges and programs, housing some of the best MBA colleges. The NIRF ranks IIM Bangalore as the best MBA college in India in 2019. MBA colleges in Bangalore are IIM Bangalore, Christ University, XIME Bangalore, IFIM Bangalore, SIBM Bangalore. Here are the top MBA colleges in Bangalore MBA College NametAverage annual fee structure 1. IIM Bangalore t10,70,000 2.tSIBM Bangaloret7,45,000 3.tXIME Bangaloret10,00,000 4.tChrist Universityt3,80,000 5.tIFIM Bangaloret16,00,000 6.tM.S. Ramaiah University of Applied Sciences t3,42,000 7.tASM Bangaloret54,000 8.tIndus Business Academyt7,50,000 9.tKristu Jayanti Colleget3,80,000 10.tAlliance School of Businesst7,00,000 11.tJain Universityt4,50,000 TAPMI Manipal and SDMIMD Mysore are good B-schools in Karnataka but not located in Bangalore. The top five specialisations offered in Bengaluru are Finance, Human Resource Management, Sales & Marketing, International Business, and Information Technology. You can also choose from Entrepreneurship, Strategic management, International Management, Finance, Marketing, Human Resource, Information Technology management, which are a few MBA specializations in demand in India. Students having good scores in MAT/CAT/CMAT/XAT/KMAT exams are eligible to apply in the colleges. Bangalore continues to live up to its reputation of being a studentu2019s choice with many MBA colleges offering affordable programmes. Most of the colleges charge less than Rs 5 lakh as annual course fees. With roughly 37 per cent having an annual fee under Rs 2 lakh. Only one-third of the MBA courses have higher than Rs 5 lakh annual fee. The standard of any collegedepends on student support and placements. Based on Return of Investment here are some of the best MBA colleges in Bangalore placements wise are: MBA College nametAverage Placement 2019 ASM Bangaloret4,50,000 M S Ramaiah University of applied sciencest7,60,000 Christ Universityt6,50,000 SIBMt9,80,000 Alliance School of Businesst6,00,000 Indus Business academyt6,00,000 XIME Bangaloret7,70,000 IFIM Bangaloret7,50,000 Bangalore being the IT hub, Infosys, TCS, Microsoft, Dell, SAP labs Accenture, Royal Enfield, Textron and Cognizant are some prominent companies visiting colleges for placement. Top colleges like IIM attract companies like AT Kearney, The Boston Consulting Group, Bain & Co., Goldman Sachs, JP Morgan, McKinsey & Company, Adani Group, Anheuser-Busch InBev, EXL Services, Microsoft, Oliver Wyman along with EXL, Boston Consulting Group, Deloitte, Amazon and other companies. College life becomes one of the most significant and memorable days in studentu2019s life. The inter-college events from the best MBA colleges in Bangalore like Un-maad by IIM, Inbloom by Christ university and Utopia by SIBM provide the right platform for students to interact with other college students and form a wide network of people from their own educational background even before they graduate. MBA students get even better opportunities with international study tours, exchange programmes, organized structure study, outbound training, summer internships, weekly presentations & seminars and industry exposure with sessions by industry experts. Facilities like Infrastructure, Wifi enabled campus, sports, gymnasium facilities, health centre, hostel, library, computer lab facilities are also needed to be considered as they help in the overall growth of the students. Considering all the above aspects, MBA admission in Bangalore rises every year as Bangalore is one of the best cities to pursue MBA with overall development and preparation, termed by many as u201cIndustry readyu201d.
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