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We often hear people say that they are pursuing MBA. We have all heard of it. However, we are hardly aware of its significance in the careers of entrepreneurs, individuals dealing with a business or in the profiling of someone who has to do managerial tasks. MBA or Master of Business Administration is a business degree that is one of the most sought-after and high-paying courses you can take to flourish in jobs.
What to expect from a management degree?
There are online management courses, offline or in-person classes or a cross-breed of both in Indian business schools. Once you plunge into the degree, the curriculum will teach you all about economy, finance, accounts and sales marketing. Doing an MBA would open doors of an array of job roles. From showing expertise in real business projects to gaining the management acumen, there is a lot to learn and unlearn from the management colleges in India.
Why should you choose to attend a leading management college in India?
Attending a business management school and obtaining a degree in MBA enhances chances of success in your professional life by 91% and your financial stability by 79%. Individuals who are looking to expand their start-up or want to increase their annual package or looking forward to broadening their networking skills for business mergers will benefit from their experience in management colleges.
What is the most important profit that you can accumulate if you happen to do an MBA from a renowned college?
Most pass-out students of MBA are their own boss, that is, they invest their time and money in building a company from scratch. Also, if students like you want to explore the technology and sales industry, then this course is a must (about 17% MBA alumni are into the tech industry and about 18% are in marketing or sales departments of prominent brands).
The ‘National Institutional Ranking Framework’ analyses the overall performance of all colleges in different streams and publishes a rank card every year to show which are the top ones, which are the ones you need to focus on getting into. The agency’s rank list for this year, that is, 2020 was published in June on 11th. Institutes who undergo scrutiny and a complete evaluation by MHRD and eventually secure a position in NIRF list, then you can be assured that it is the ideal one for you. The NIRF ranking for top management colleges in India of 2020 are mentioned below: –
| Name of the college | NIRF Ranking 2020 | NIRF Score 2020 |
|---|---|---|
| NIRF Score 2020 | 1 | 82.75 |
| Indian Institute of Management, Bangalore | 2 | 81.32 |
| Indian Institute of Management, Calcutta | 3 | 80.39 |
| Indian Institute of Management, Lucknow | 4 | 73.85 |
| Indian Institute of Technology, Kharagpur | 5 | 70.43 |
| Indian Institute of Management, Kozhikode | 6 | 69.96 |
| Indian Institute of Management, Indore | 7 | 69.04 |
| Indian Institute of Technology, Delhi | 8 | 67.19 |
| Xavier Labour Relations Institute, Jamshedpur | 9 | 67.11 |
| Management Development Institute, Gurugram | 10 | 65.95 |
Since MBA in all specializations is a prestigious degree and showcases the students’ capability to thrive in adverse situations as the degree is no cake walk. Usually, there is no limitation on the number of call letters/offer letters you will receive once you have passed out from the top management colleges of India mentioned above. Now, to make your search list for which recruiter comes to which college, we have listed down placement reviews given by students and the top six recruiters that come to the colleges mentioned in a table –
| Name of the college | Placement Score (based on alumni reviews) | Top Recruiters coming to the college |
|---|---|---|
| Indian Institute of Management, Bangalore | 4.8 | |
| Indian Institute of Management, Calcutta | 4.7 | |
| Indian Institute of Management, Ahmedabad | 4.6 | |
| Indian Institute of Management, Lucknow | 4.6 | |
| Indian Institute of Technology, Kharagpur | 4.5 |
Best MBA Colleges in India (Based on the Course fee)
There are colleges for students of all kinds of economic backgrounds. We have given a list of some of the world-class private and public management colleges in India so that you can have a look and determine which one can be afforded.
Best private MBA colleges with the average course fee
| Name of the college | Course Fee |
|---|---|
| 1. XLRI Xavier College of Management, Jamshedpur | Rs. 16,80,000 |
| 2. MDI Gurgaon | Rs. 11,90,000 to 23,58,000 |
| 3. SPJIMR, Mumbai | Rs. 14,50,000 |
Best public MBA colleges with their average course fee
| Name of the college | Course fee to be paid |
|---|---|
| 1. Indian Institute of Management, Ahmedabad | Rs. 21,00,000 |
| 2. Indian Institute of Management, Bangalore | Rs. 19,50,000 |
| 3. Indian Institute of Management, Calcutta | Rs. 19,00,000 |
| 4. Indian Institute of Management, Lucknow | Rs. 14,00,000 |
| 5. Indian Institute of Technology, Kharagpur | Rs. 9,27,000 |
Through the Common Admissions Test or CAT, you can get admission in the top IIMs and other reputed business schools. Usually, there are two cut off lists presented for CAT – one is qualifying cut-off and the other one is the ultimate final cut-off. There are certain parameters that are considered while setting the cut-off. Those factors are as follows: –
The standard of the question paper (easy, medium, difficult)
The quantity of students who appeared and passed the exam
The number of seats, quota, or non-quota, available in the management institutions
Finally, how the college is ranked
All MBA aspirants who manage to obtain that cut-off are called for a written ability test, then a group discussion round and to wrap it up, they have a personal interview session. Now, we have listed down the expected cut-off percentile for this year’s general category students who can get admission into the IIMs.
| Name of the IIM college | Expected cut-off in percentile for CAT aspirants |
|---|---|
| 1. IIM Ahmedabad | 100-99 |
| 2. IIM Bangalore | 100-99 |
| 3. IIM Calcutta | 99 |
| 4. IIM Lucknow | 97-98 |
| 5. IIM Indore | 97-98 |
| 6. IIM Kozhikode | 97-98 |
| 7. IIM Amritsar | 95-96 |
| 8. IIM Nagpur | 95-96 |
| 9. IIM Sambalpur | 95-96 |
| 10. IIM Tiruchirappalli | 94-95 |
| 11. IIM Raipur | 94-95 |
| 12. IIM Ranchi | 94-95 |
| 13. IIM Kashipur | 94-95 |
| 14. IIM Vizag | 92-94 |
| 15. IIM Udaipur | 92-94 |
| 16. IIM Bodhgaya | 92-94 |
| 17. IIM Shillong | 90 |
| 18. IIM Sirmaur | 90 |
Best MBA Colleges in East India
There goes a whirlpool of queries in the minds of the candidate who is applying for MBA. He may be doubtful about the best college or he might not be able to find out if there are any business management colleges in the region of India where he resides. So, in case you live in east India, you must check out these colleges –
Indian Institute of Management, Calcutta
Rajiv Gandhi Institute of Management, Shillong
Birla Institute of Technology, Ranchi
Indian Institute of Management, Ranchi
KIIT School of Management, Bhubaneswar
Best MBA Colleges in North India
To cut the story short, the top-notch management colleges are located in north India. These colleges are the focal points of recruitment by powerful firms or brands or companies. So, in case you are comfortable with shifting to northern zone of India or if you already reside in one of the cities, then do consider applying to these top five management colleges –
Faculty of Management Studies, DU
Indian Institute of Management, Lucknow
Indian Institute of Management, Indore
Management Development Institute, Gurgaon
Indian Institute of Foreign Trade, Delhi
Best MBA Colleges in West India
If you want to secure a more than handsome salary after completing MBA, then you must pursue the course from any of the colleges located in west India. Western India is the central point of all industries and, hence, has a lot to offer to its students. So, in case you are not uneasy with shifting to west India or if you are already residing in west India and want to continue living there, then you must go in details about these top five colleges –
Indian Institute of Management, Ahmedabad
Indian Institute of Management, Udaipur
S.P. Jain Institute of Management and Research, Mumbai
NMIMS, Mumbai
Goa Institute of Management, Goa
Best MBA Colleges in South India
The internship offers and job offers for MBA graduates from any of the colleges in south India are very lucrative. Chennai, Bangalore, and Hyderabad are the hubs of business, social networking, popular academia and most importantly, big industries. So, since it is that phase of the year when you have to make your college choices for pursuing MBA, then you have to consider applying to all the management colleges listed down –
The internship offers and job offers for MBA graduates from any of the colleges in south India are very lucrative. Chennai, Bangalore, and Hyderabad are the hubs of business, social networking, popular academia and most importantly, big industries. So, since it is that phase of the year when you have to make your college choices for pursuing MBA, then you have to consider applying to all the management colleges listed down –
Admission Procedure for Best MBA Colleges in India
There are more than six thousand management colleges in India out of which five thousand are private colleges and the rest are public colleges. The kind of education that is given to students at these colleges are as good as that of the colleges from abroad. Apparently, the eligibility criteria for MBA admission differs from one institute to another. However, there are some rules that are the foundation level guidelines to be fulfilled perfectly. Those guidelines are –
Applicants must have finished their graduation level studies from any recognized university and should have secured a minimum of 50% as an aggregate mark during that period.
Students who are in their final year of graduation can also apply for the MBA degree in top colleges in India.
In case you are looking for admission not based on merit, but through an entrance test, then you need to pass any or all of the following national or state level exams –
CAT
XAT
CMAT
MAT
SNAP
MAH CET
GMAT
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