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Master of Business Administration or MBA is one among the foremost popular post-graduate programmes in India and abroad. The two-year MBA programme acts as a gateway to a plethora of job and entrepreneurial opportunities. This course provides understanding associated with the administration of the business and managing the business operations. Students from any background, including Science, Commerce and Humanities can pursue MBA. Such students should also possess skills like excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to figure struggling , strong mathematical skills, etc. The full-time MBA is that the hottest among all, and includes theory classes, practical projects, and internship. Fresh graduates also as candidates with a couple of years of labor experience choose a full-time MBA.
India is home to a number of the top-rated MBA colleges like 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 are often an honest choice for aspirants trying to find a reasonable fee structure with a high return on investment.
In India, an MBA degree is offered across various specialisations. Some of the most prominent ones are as follows:
General Management
Marketing
Operations Management
Healthcare Analytics
Event Management and PR
Marketing
Finance Management
Marketing
Finance and Marketing
Industrial Engineering
There are approximately 5,200 MBA colleges in India that offer the course in a full-time, part-time, distance-learning and online mode of study. These colleges provide degree, diploma and certificate courses. Out of these the top 20 MBA colleges in India ranked by NIRF offer degree courses in a full-time mode of study.
The eligibility criteria for MBA course may differ from college to college. However, the basic eligibility criteria to pursue an MBA is as follows:
Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).
Most of the institutes follow the minimum score criteria in graduation which is 50 per cent on average or equivalent. Some of the colleges also offer a five per cent relaxation to students from the reserved categories.
Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.
Although there are plenty of MBA colleges in India, there a few top ones that have been listed by NIRF. Following is a list of top 10 MBA colleges 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, Delhi | 8 |
| XLRI Xavier School of Management, Jamshedpur | 9 |
| MDI, Gurgaon | 10 |
| 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 Kozhikode | 8 |
| S.P. Jain Institute of Management and Research (SPJIMR), Mumbai | 9 |
| IIM Trichy | 10 |
Following is the list of top 10 MBA colleges in India ranked 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 private and public MBA Colleges in India:
| 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 |
| 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 |
Refer to the infographics below to get a detailed overview of the top seven Cities / States of MBA Colleges in India:
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 Manager
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 Delhi
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
Refer to the infographic below to get a detailed overview of the median salary for MBA Colleges in India:
MBA graduates from all the domains are in high demand. All organisations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of few top companies in India that recruit MBA postgraduates along with their placement ratings:
| Colleges | Placement Ratings (Based on Reviews) | Top Recruiters |
|---|---|---|
| IIM Bangalore | 4.8 | 3M, A T 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 One, 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 Clap |
| 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 |
IIT Kanpur
DMS IIT Delhi
IIM Lucknow
IIT Roorkee
National Institute of Industrial Engineering (NITIE Mumbai)
DoMS IIT Madras
SJMSOM IIT Bombay
IIM Kozhikode
IIT Kharagpur
IIM Calcutta
Around 31% MBA colleges have fee structure that ranges from Rs 10-20 lakh. Some of these colleges are:
IIM Udaipur
IIM Raipur
IIM Ranchi
IIM Indore
IIM Bangalore
Around 6% MBA colleges have fee structure of more than Rs 20 lakh. Some of these colleges are:
- IIM Ahmedabad
Refer to the info-graphic below to get a detailed overview of the break-up of MBA colleges in India based on fee:
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