Top MBA Colleges in India
The business world always makes business administration a premium profession which large folk would wish to pursue. Master of Busines Administration is a breaking point to this career path. The changing economy and business environment always help this premium course stay in the limelight. Across the world, there are plenty of universities offering the best classes to mould the young professional as these young aspiring minds are the hope and dreams of a nation. The curriculum and the infrastructure they provide is worthy enough to chase one’s dream job or passion to be an entrepreneur.
Master of Business Administration moulds an individual into professional with necessary technical as well as first-hand knowledge about the industry through their various training methods. Today, the business world has changed a lot attracting more and more youth to be part of this world. The top colleges in India offer a prestigious MBA program with very good placements into top firms across the world.
Master of Business Administration
MBA is a very prestigious post-graduate degree opted by a lot of graduates across the world which paves their way to a successful career. The two-year MBA program develops professional and entrepreneurs and provides them with a plethora of job as well as entrepreneurial opportunities. The program inculcates an individual with skills for administration and management of business operations.
The graduates from any background, like Commerce, Science, and Humanities can pursue MBA. The full-time MBA is highly popular among the students as it can be pursued by students from all background. Along with their bachelor’s degree, the students should also possess certain skills like communication, leadership, analytical thinking, problem-solving, ability to manage and work under pressure, strong-mathematical skills etc. These skills along with the MBA degree can help an aspirant to achieve great heights.
Earlier Mumbai, Delhi, and Bangalore are considered as the cities that had good MBA colleges. But today when we look at the college’s list that is ranked top position makes clear that not only the metropolitan cities have got top B-school. Good MBA programs can be found across India. Today, MBA is accessible to a large number of students with affordable course fee and standard program and good placement opportunities.
The full-time MBA program includes theory classes, practical projects, and internship works etc. India is well-known for its top-rated MBA colleges like IIMs and the affordable fee-structure and top recruitment makes MBA programs in India a good choice. The MBA is offered in different specialisation some of the significant ones are:
- General Management
- Finance Management
- Operations Management
- Healthcare Analytics
- Event Management and PR
- Industrial Engineering
In this article, we discuss in detail the top MBA colleges in India along with their fee structure offered by different B-schools. The following are the top-ranked colleges based on NIRF (National Institutional Ranking Framework). NIRF is launched by Honourable Minister for Human Resources Development in the year 2015. The framework outlines a methodology to rank institutions across the country.
Top-ranked MBA colleges in India based on NIRF (National Institutional Ranking Framework)
|College Name||NIRF’20 Ranking||Fee (Approx.in Rs)|
|Department of Management Studies (DMS) IIT Delhi||8||3,13,500|
|XLRI Xavier School of Management. Jamshedpur||9||20,95,000-23,60,000|
The Times ranking of top 10 MBA colleges in India
|College Names||Times Ranking|
|KJ Somaiya Institute of Management, Mumbai||5|
|Amity Business School, Noida||7|
|Symbiosis Institute of Business Management (SIBM), Pune||10|
Top Private B-Schools in India
|College Name||Course Fee|
|Xavier Labour Relation Institute (XLRI), Jamshedpur||20,95,000 – 23,60,000|
|Management Development Institute (MDI), Gurugram||21,34,000 – 25,00,00|
|S P Jain Institute of Management and Research (SPJIMR), Mumbai||17,87,500|
|Symbiosis Institute of Business Management (SIBM), Pune||20,72,000|
|Great Lakes Institute of Management (GLIM), Chennai||11,76,000|
|SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Mumbai||10,50,00 – 18,00,000|
|Amity University, Bangalore||11,66,000|
|The ICFAI Foundation for Higher Education (IFHE), Hyderabad||14,00,000|
MBA Admission Procedure
The MBA/PGDM is a two-year program with a specialisation in major areas like finance, human resource, marketing, operation, international business, healthcare management, rural management etc. The criteria to get into these colleges are the following:
- Common entrance exams like CAT, CMAT, XAT, GMAT, KMAT.
- The personal interview
- Group discussion.
The good score in this test qualifies the candidate’s way to the top college. The group discussion and personal interviews are organised by the college authorities to gauge the candidate performance.
How to choose the right B-school?
It is important to make the right choice when choosing a B-school for MBA/PGDM. The criteria’s used to appraise the colleges mainly include learning and living, student quality, faculty quality, alumni quality, and research. The faculties at the colleges should be well-qualified with doctoral degrees, UGC NET qualifications and work experience which gives the student experience from experts. The extra-curricular activities like the organisation of International Management Fest and industrial visit mould them to industry-ready. The course fee may vary from different colleges in accordance with the facilities they provide. But in Kerala, the B-schools offer affordable tuition fees compared to other institutes outside Kerala without compromising the quality of the program.
The colleges need approval from AICTE and the accreditation from NBA (National Board of Accreditation), ensures the quality standard of technical education in India. There are several colleges in Kerala is NBA accredited which ensures the students better employability and a sound environment to nurture and grow.