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. Let’s 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
‘Industry ready’ 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 bachelor’s 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 –Abroad). 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.
1.
IIM
Bangalore: Indian Institute of Management.
2.
IIM
Ahmedabad: Indian Institute of Management
3.
IIM
Calcutta: Indian Institute of Management
4.
XLRI
Jamshedpur: Xavier School of Management.
5.
SPJIMR
Mumbai
6.
IIM Indore
7.
IIM Lucknow
8.
ISB
Hyderabad
9.
MDI Gurgaon
10.
IIM
Kozhikode
11.
FMS 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
“Silicon Valley of India”, 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 city’s 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
India’s 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 cities’ students
aspire to study MBA from, here are the reasons why students love
Bangalore.
1. Bangalore 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. Internships and exposure to the
industry while studying in college becomes easier with easy accessibility of
companies.
3. Bangalore is a hub for students from
across India. This gives an opportunity to learn cross cultures and grow with a
broader mindset.
4.
Weather 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.
|
MBA College Name
|
Average annual fee structure
|
|
1. IIM Bangalore
|
10,70,000
|
|
2.
SIBM Bangalore
|
7,45,000
|
|
3.
XIME Bangalore
|
10,00,000
|
|
4.
Christ University
|
3,80,000
|
|
5.
IFIM Bangalore
|
16,00,000
|
|
6.
M.S. Ramaiah University of Applied Sciences
|
3,42,000
|
|
7.
ASM Bangalore
|
54,000
|
|
8.
Indus Business Academy
|
7,50,000
|
|
9.
Kristu Jayanti College
|
3,80,000
|
|
10.
Alliance School of Business
|
7,00,000
|
|
11.
Jain University
|
4,50,000
|
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 student’s 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.
|
MBA College name
|
Average Placement 2019
|
|
ASM Bangalore
|
4,50,000
|
|
M S Ramaiah University of applied sciences
|
7,60,000
|
|
Christ University
|
6,50,000
|
|
SIBM
|
9,80,000
|
|
Alliance School of Business
|
6,00,000
|
|
Indus Business academy
|
6,00,000
|
|
XIME Bangalore
|
7,70,000
|
|
IFIM Bangalore
|
7,50,000
|
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 student’s 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
“Industry ready”.
