MBA or Master of Business Administration is right now one of the highest coveted-for-degrees in our country. Several students dream of pursuing this highly prestigious course so that in the end, they can bag a high salaried job and earn status in society. But getting enrolled in an MBA course is not quite easy.
First of all, you need to clear the entrance examinations in order to prove your merit. Secondly, the tuition fees for an MBA degree is quite high in India. If you are planning to pursue an MBA degree, then you need to arrange for the hefty charges well in advance. But the most important issue which almost all the students face is about choosing the right business school. In this era when management courses are gaining so much popularity, every institute, academy and college claim of having an amazing business-oriented faculty. But the truth is that not all colleges are equally good. There are multiple business colleges in India, but only a few can guarantee your success.
The benefit of joining top MBA colleges in India:
- When you enroll yourself with a reputed MBA college, you earn a brand name for yourself which will be there for you for the rest of your life.
- You get to be meet and acquire knowledge from the alumnus of these renowned business schools who are now leading names in the business world.
- The faculty in top MBA colleges is of exceptionally high grade. You get in-depth details about the industry and learn a lot.
- Top MBA colleges offer excellent placement opportunities. You will get the chance to join some highly-reputed companies across the country if you join one of the best business schools.
- In future, if you want to start your own business, you can get the funding quite easily because of your brand name associated with your MBA college.
So, if you want to join one of the topmost MBA colleges of India, you can follow the below-given list of MBA colleges. We have curated a list so that you can have all the necessary information at one place and do not face any difficulty in your pursuit of success and achievements.
1. IIM Ahmedabad:
Established in the year 1981, this is one of the leading MBA colleges in our country. It is a government-owned business college. If you want to get admission in IIM Ahmedabad, then you have to go through a rigorous admission process. In order to be eligible for appearing in the preliminary screening, you need to clear the CAT entrance examination. The scores of this exam should meet the eligibility criteria of the college.
Also, to participate in the Common entrance test or CAT, you will need an aggregate of at least 50% in your Bachelor’s degree.
IIMA is well known for its lucrative placement trends. Over the years, many high profile brands and companies have come to the institute during placement drives. Firms like Mckinsey & Co., Roland Berger, Citibank, Barclays actively participate during placements. You can bag prestigious jobs with profiles like general management, consulting, finance, marketing and sales, research and advisory. IIMA is known for its international placements in countries like Singapore, Germany, Malaysia and UAE.
2. IIM Calcutta:
IIMC is the first-ever business school to offer postgraduate courses in management. It has across 85 partner institutes across the globe. Securing admission in IIMC is also not an easy task. For that, you need to clear through your CAT exam. After that, the B school will conduct a personal interview round and written ability test (WAT). They will also consider your aggregate in your Bachelor’s degree as well as the result of 10th and 12th board exams.
Student every year try their level best to join this highly prestigious business college because of the exceptional employment opportunities that it offers to the students. After completion of the course, the placement drive starts at around March every year. Reputed companies join the institute during the placement drives. As a result, all the deserving candidates get a chance to bag a high-salaried job.
IIMC also offers scholarship opportunities to meritorious students. The foreign exchange opportunities that IIMC offers help the students to get a better international level exposure while pursuing business studies. Louvain School of Management, Erasmus University, Rotterdam School of Management are some of the international partners of IIMC.
3. DMS IIT Delhi:
Department of Management Studies: You can get enrolled for MBA in DMS IIT Delhi if you have cleared the CAT entrance examination with required percentile. Established in the year 1993, this business college has a sprawling campus of 320 acres. It offers courses like MBA, PhD and Executive MBA. For joining MBA degree course, you should have scored a handsome CAT percentile. Also, keep in mind that in this college, the aggregate of your Bachelor’s degree needs to be at least 60%.
In the year 2017-19, there was 100% placement result. All the students managed to secure prestigious jobs in reputed companies. There were in total 111 stu7dents, and they got a whopping 128 offers. Now everyone is happily settled in conventional business sectors like consulting, marketing and sales, IT and analytics and so on. Reputed brands like Capgemini, Amazon, Accenture, IBM, HDBC, HP, Deloitte, GAIL, EY, Shell etc. visit the campus placement drive of DMS IIT Delhi.
4. XLRI Xavier School of Management:
This is a Jamshedpur based business school. If you want to apply for admission to XLRI-XMS, then you need to clear the XAT or Xavier Aptitude Test. The exam takes place in the month of January every year. Students in over 72 cities participate in the examination. There are multiple components in XAT exams, and a student needs to score well in each of the components.
Depending on your XAT score, you will be shortlisted for group discussions and personal interview. The business college also takes into consideration your performance in the personal interview, group discussion, relevant work experience, academic records and extra-curricular activities.
XRL-XMS is highly popular among the students because of its excellent placement record. It has collaborations with some of the well-established business enterprises and companies. The B school witnesses 100% placements every year. The annual package that these companies offer during placements ranges from 20 LPA to 50 LPA. Students get the opportunity to work in sectors like consulting forms, BFSI, analytics, finance, business management and so on.
XLRI-XSM is also known for its highly beneficial scholarship programs. All those meritorious students who cannot manage the heft fee structure of the business school can apply for scholarship opportunities like Pirojsha Godrej Scholarship, Aditya Birla Scholarship, Capital First Scholarship and so on. These scholarships reduce the burden off the shoulders of the parents as well as the students.
5. MDI Gurgaon:
Management Development Institute is one of the top-grade business schools of India. It is a private business management institute. The Industrial Finance Corporation of India established MDI. It is a highly reputed business institute because it is the first-ever Indian business school to have received overseas accreditation. It also has the accreditation of highly sought-after South Asian Quality Standards or (SAQS).
In order to enrol yourself in the MBA course, you need to fill an online form. The registration charge is around Rs 2200. Candidates will be shortlisted on the basis of their CAT scores as well as other details mentioned on the forms. If you are shortlisted, then the college authority will organise a personal interview and group discussion round. If you clear these rounds, you will be granted admission.
You will be highly impressed by the outstanding placement record of the B School. With every placement season, the college has been able to increase the average as well as the highest salary package secured by the deserving students. The highest package goes as high as 40 LPA.
Companies like Asian paints, Coca-Cola, ITC ltd, L’Oreal, Nivea, Mother Diary, OYO Rooms and many more actively collaborate with MDI Gurgaon during the placement seasons.
6. IIM Lucknow:
This one is the fourth B school to become a part of the IIM group. It is recognised by reputed and renowned organisations like AACSB. It has leading collaborations with some of the major business schools all over the world, for instance, Bocconi University, the University of St. Gallen, Turku School of Economics etc.
In order to enrol yourself in IIM Lucknow, you have to achieve handsome percentile in CAT exam. Shortlisting process depends on your CAT score, achievements, academic performance and work experience. Then if you clear all these, you will have to appear for group discussions and personal interview.
The placement track record of this B school has been quite good. Reputed companies have collaboration with IIM Lucknow. During placement drives, students grab high salaried job packages. You can get jobs in companies like Accenture, Deloitte, Flipkart, Amazon and so on.
You can also bag scholarships to support your tuition fees if you are meritorious enough. IIML offer need-based scholarships according to the financial background and academic performance of the students. It offers a fellowship grant, contingency grant and conference support.
7. IFIM Business School:
IFIM is one of the most renowned business schools in India. This is a privately owned business college. It accepts the score of entrance exams like XAT, KMAT, CAT etc. You need to register yourself for enrolling to this college. You can apply online as well as offline. Aa per the eligibility criteria of IFIM, you need to be graduate with an aggregate of 50%. You will have to go through a rigorous selection process, namely, Group exercise (GE), Academics, work experience (WE) and innovation potential test (IPT).
Over 150 companies participate during the placement session. The college witnesses 100% placement every year. Companies and firms like BFSI, Oracle, Nestle, Infosys, Cognizant, ITC, Wipro and Mindtree are active participants in the placement drives.
IFIM is also popular for its attractive scholarship schemes like Super scholarship, academic scholarship, and scholar scholarship. These scholarships waiver up to 75% tuition fee.
8. IIM Bangalore:
One of the highest-ranking B Schools in India, IIM Bangalore has got the accreditation of EQUIS. You need to clear CAT entrance examination with at least 80% aggregate. If you are shortlisted, then you will have to appear in the group discussion session and personal interview round.
Talking about placements, IIM Bangalore experiences footfall of several reputed companies during placement drives. You can manage to bag a high salaried job in companies like MAQ software, Deloitte, Accenture, IBM, Coca Cola, Google, Cognizant, and so on.
IIM Bangalore also offers merit-based as well as need-based scholarships. So if you want to reduce the burden of hefty tuition fees, then you can apply for scholarships like Yes Bank scholarship, Hindustan Unilever scholarship, Runwal Education Trust Scholarship and so on.
9. NIMS University:
NIMS University in Jaipur offers multiple courses. But one of the most coveted for course here is MBA. If you want to apply for MBA in NIMS university, then you will need to register for that. You can do so online as well as offline. You need to clear CAT exams to secure your admission in NIMS. There are several rounds that you have to go through before the final selection.
The placement opportunity that it offers is amazing. Big companies and brands like Nivea, Accenture, IMB, Deloitte and so on visits the campus during placement days. Deserving students get high paid packages quite conveniently.
Also, there is a facility for scholarships. You can avail them if you fulfil the eligibility criteria as per the college authority.
10. IIM Indore:
The last addition to our list is IIM Indore. We cannot conclude the list without mentioning this B-school. MBA in IIM Indore is a highly sought-after course. If you want to enrol yourself in IIM Indore, then you will need to secure at least 50% aggregate in your Bachelor’s degree. Also, you will have to clear the CAT entrance exam with a percentile of 90%. You will be shortlisted by considering your score of the tenth and twelfth standard. Also, the final selection will be made on the basis of personal interview and written ability test score.
Placement facility at IIM Indore is extraordinary. Brands like PepsiCo, HDFC, ONGC, Ericson, Wipro, Titan, Tata Motors have a successful collaboration with the B school. They visit the campus during placement days. The average package that a student can expect from the business school is around 20.79 LPA. The highest salary package that the college has offered till date is 85.29 LPA.
You can also apply for the need-based scholarship if your family’s financial income is Rs 9 lakh annually.
Hope you find this blog quite useful. But one thing that you need to keep in mind is that the information that we have provided here purely depends on the criteria of the colleges as mentioned in different sources. These details are subject to change anytime without prior intimation. Therefore, always double check all the details before taking the final step. Now that you know about the top MBA colleges of India pull up your socks and get ready to dive into the world of business and management.