Best MBA Colleges in Chennai

MBA stands for Master of Business Administration and revolves around how a business is managed and administered. It is a 2-year post graduation course. MBA is also considered as one of the more expensive business courses in India, but its popularity exists due to the value it provides for that cost. 

The major subjects taught under MBA are Management accounting, Financial accounting, Managerial economics, Marketing management, Business ethics, Strategic management

A major examination which is held to grant admission into the MBA courses is the CAT Examination. CAT is a national level entrance exam which is considered for the admission process by almost every business college and business schools. Other than that, there are a few other entrance exams which grant admissions into the MBA courses which are CMAT and MAT. Different State-level and Institute-level examinations are also conducted to grant admissions into various Business colleges. 

MBA is offered in both regular in-class and online/distance form of education as well. Distance education means that a student can get admission in a college and participate in the classes going on from a different city or even from a different Country through online classes. 

Another type of MBA which has been popularized just recently in India is Executive MBA. This is a foreign concept and is available only to those people who are working and already have a work experience of at least 5 years. Those people who want to brush up their skills in their particular or in different specializations can choose this course. 

From the past few years, every company or firm demands at least an MBA degree from the candidates who interview to be a manager or some other position in the field of management. MBA has become a necessity nowadays for those who want to pursue management as a field. A fresher's salary for someone who has completed their MBA ranges from Rs. 5 Lakhs to 22 Lakhs. Many top companies provide great salary packages for MBA graduates. 

The admission process has already started for some top MBA colleges in India, such as IIM. 

Top MBA Colleges in Chennai: Eligibility Criteria

Before applying for admission, a student needs to know that what are the eligibility criteria which he or she needs to fulfil to apply for a particular college:- 

1. The student should have completed a Bachelor's or Undergraduate degree in any course. 

2. The student should have at least 50% marks in the final qualifying examinations of the Undergraduate degree.  Prestigious and top universities demand at least 60% in their eligibility criteria. 

If a student can fulfil all these criteria, then he or she can further apply for the admission process. It should be noted that different colleges may have their different eligibility criteria and if a student wishes to apply in that particular college, then they have to ensure that the other criteria defined by that particular college are maintained. 

Top MBA Colleges in Chennai: Admission Process

1. The first step for an admission process is to register for an entrance exam for MBA courses. As almost every business school or business college demands different entrance exams for the admission process. 

As said earlier, CAT is the most famous entrance exam for MBA and is accepted by almost 1200 Colleges in India. 

2. After applying for the entrance exam and appearing for it, results are announced within 1 or 2 months. Students who have a score higher than the cutoff declared by their preferred college will be called by the college to apply for the next stage of the admission process. 

3. After which, these colleges also take some of their tests and rounds. For example:- students have to give a written ability test, Personal interviews and group discussion rounds are also a part of the admission process to be further shortlisted. 

4. From the shortlisted students, who have cleared the above rounds are then selected and admitted to the college and are eligible for the further enrollment process. 

Top MBA Colleges in Chennai: Specialization in MBA

As mentioned earlier, an MBA is a Postgraduate program, but there are various types of specializations under it. This means that a student can choose from the specialization subjects given, for example: - There are various subjects for Specializations such as finance, HR, Marketing & Sales etc. Students can choose any specialization according to their interest. 

But a student needs to think about this before applying to the college because not every college provides all the specializations. Some colleges may have limited ones. Also, if a student does not want to specialize in any field, then he or she can even choose to do an MBA in General management. 

1. MBA in General Management: - 

As explained earlier, an MBA in General Management means it offers general knowledge to business administration and management. It does not provide specialization in any particular field.  Below we have provided different colleges which provide MBA in General management degree. 

MBA in IT Systems and Management: - 

This specialization in IT Systems and Management helps a candidate grab the knowledge of managing administrative systems and Information technology tasks.  The course's speciality is that it has both technical and administrative knowledge. 

Career options available after MBA

1. MBA is a postgraduate course so a candidate may want to enter a job or to start their own company. In India, MBA is more prevalent than ever before, with the salary for MBA graduates also increasing over the years. A fresher can get an average salary from Rs. 5 Lakhs to even 20 Lakhs. There are jobs available in public sectors, private sectors, Industries, corporates, and firms.  Also, top colleges and best colleges provide placement opportunities from their end. They have a placement cell through which they invite top companies from India as well as foreign to recruit their students. 

2. Many candidates can also go for further studies such as PhD. 

Top companies which recruit MBA graduates: - 

• Mckinsey 

• Boston Consulting Group

• Mastercard

• Avendus Capital 

• JP Morgan 

• Amazon

• Ernst & Young

• Reliance Jio

• IDFC Bank

• Flipkart 

• Star India

• Airtel 

• Dell

• ICICI Bank 

• Samsung 

• Yes Bank 

• Lime Road

• Loreal 

• Mahindra 

• Tata Administrative Service
  
  

FAQS

Question 1: - What is the full form of an MBA?

Answer: - The full form of MBA is Master of Business Administration. It is a 2-year post graduation course that helps in gaining managerial skills. 

Question 2: - What are some specializations available in MBA? 

Answer: - Specializations such as Human resource management, Financial Services, Business Analytics, and MBA IT are available in MBA. 

Question 3: - Does IIT Madras provide MBA degrees? 

Answer: - Yes, IIT Madras does provide an MBA degree. It provides many specializations and a variety of types of MBA. 

Question 4: - Which is the best college in Chennai for an MBA? '

Answer: - In Chennai, the best college for MBA in IIT Madras. Its fees range from Rs. 6 lakhs to 13 Lakhs. 

Question 5: - What is the fresher salary a person can expect after completing an MBA degree? 

Answer: - A person can expect to earn at least between Rs. 5 Lakhs and 20 Lakhs after completing an MBA degree from a renowned college/university. 

Question 6: - To become a Brand Manager, do I need to complete an MBA Degree? 

Answer: - Many companies nowadays demand at least an MBA degree for being a manager or for applying to the post. 

Question 7: - Is there any distance learning MBA course in Chennai? 

Answer: - Yes, ANNA university provides distance learning courses in Chennai. 

Question 8: - Is Reliance Jio one of the top recruiters for MBA candidates in India? 

Answer: - Yes, Reliance Jio is one of the top recruiters in India. It provides packages of around Rs. 15 to 20 Lakhs. 

Question 9: - What are the fees of Hindustan institute of technology and science for an MBA? 

Answer: - Approximately, it is around Rs. 5 Lakhs.

Question 10: - Can a science student opt to do an MBA? 

Answer: - Yes, MBA is a very versatile course and students from any course can pursue it. The student just needs to follow certain eligibility criteria which are:- 

1. The student should have completed a Bachelor's or Undergraduate degree in any course. 

2. The student should have scored a minimum 50% aggregate in the final examinations of the Undergraduate degree. Prestigious and top universities also demand 60% as to fulfil the eligibility criteria. 

If a student can fulfil all these criteria, then he or she can apply further for the admission process. It should be noted that different colleges may have their particular eligibility criteria and if a student wishes to apply in that particular college, then he or she has to complete other criteria also as defined by that particular college.