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).
Top Management Colleges in India Based on NIRF Ranking
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 |
IIM Ahmedabad | 1 | 82.75 |
IIM Bangalore | 2 | 81.32 |
IIM Calcutta | 3 | 80.39 |
IIM Lucknow | 4 | 73.85 |
IIT Kharagpur | 5 | 70.43 |
IIM Kozhikode | 6 | 69.96 |
IIM Indore | 7 | 69.04 |
IIT Delhi | 8 | 67.19 |
XLRI, Jamshedpur | 9 | 67.11 |
MDI Gurugram | 10 | 65.95 |
Top Management Colleges in India Based on Careers360 Ranking
Ranking or rating or assigning performance scores to top management colleges in India by Careers360 is a yearly event. There are different parameters which lead to the decision making. From the fundamental research facilities to the faculty’s prowess over the course, the list is varied yet definite for the selection of top management colleges in India from the list of all management colleges. Careers360 ranking plus rating plus scores assigned for top b-schools of India is attached below -
Careers360 Rank (both government and private) | Careers360 Rating | Careers360 Score | Name of the college |
1 in government | AAAAA | 424.71 | Indian Institute of Management, Ahmedabad |
2 in government | AAAAA | 395.78 | Indian Institute of Management, Bangalore |
3 in government | AAAAA | 387.08 | Indian Institute of Management, Calcutta |
1 in private | AAAAA | 373.97 | Xavier School of Management, Jamshedpur |
4 in government | AAAAA | 370.23 | Indian Institute of Management, Indore |
2 in private | AAAAA | 365.74 | Management Development Institute, Gurgaon |
5 in government | AAAAA | 361.89 | Indian Institute of Management, Lucknow |
6 in government | AAAAA | 360.18 | Indian Institute of Management, Kozhikode |
7 in government | AAAA+ | 351.32 | |
8 in government | AAAA+ | 346.88 |
Top Management Colleges in India Based on Placements
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 |
|
Top Management 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.
Top private management colleges with the average course fee
Name of the college | Course Fee |
| Rs. 16,80,000 |
| Rs. 11,90,000 to 23,58,000 |
Rs. 14,50,000 |
Top public management colleges with their average course fee
Name of the college | Course fee to be paid |
| Rs. 21,00,000 |
| Rs. 19,50,000 |
| Rs. 19,00,000 |
| Rs. 14,00,000 |
| Rs. 9,27,000 |
Top Management Colleges in India (CAT cut-off)
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 CAT cut-off in percentile |
IIM Ahmedabad | 100-99 |
IIM Bangalore | 100-99 |
IIM Calcutta | 99 |
IIM Lucknow | 97-98 |
IIM Indore | 97-98 |
IIM Kozhikode | 97-98 |
IIM Amritsar | 95-96 |
IIM Nagpur | 95-96 |
IIM Sambalpur | 95-96 |
IIM Tiruchirappalli | 94-95 |
IIM Raipur | 94-95 |
IIM Ranchi | 94-95 |
IIM Kashipur | 94-95 |
IIM Vizag | 92-94 |
IIM Udaipur | 92-94 |
IIM Bodhgaya | 92-94 |
IIM Shillong | 90 |
IIM Sirmaur | 90 |
Top Management 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
Indian Institute of Management, Ranchi
Top Management 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 –
Indian Institute of Management, Lucknow
Indian Institute of Management, Indore
Management Development Institute, Gurgaon
Top Management 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
Top Management 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 –
Indian Institute of Management, Bangalore
Indian School of Business, Hyderabad
Indian Institute of Management, Kozhikode
Indian Institute of Management, Tiruchirappalli
Indian Institute of Technology, Madras
Admission Procedure for Top Management 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 –
Top Five Management Colleges in India Based on Top Specializations
Management degree in sales and marketing
Indian Institute of Management, Ahmedabad
Narsee Monjee Institute of Management Studies, Mumbai
Indian Institute of Management, Kolkata
Indian Institute of Management, Indore
Management degree in Human Resources
Indian Institute of Management, Bangalore
XLRI Xavier School of Management, Jamshedpur
Shailesh J. Mehta School of Management, IIT Bombay
Department of Management Studies, IIT, Roorkee
MDI Gurgaon
Management degree in Foreign Trade
Indian Institute of Foreign Trade, New Delhi
How to select the best management college in India?
Choosing an MBA college that matches your needs can be quite difficult. So, we are going to provide you with these steps that will make the entire process bearable and simple.
Choose a college that provides the specialization you are interested in.
College accreditation or affiliation matters the most. Look out for this.
Go through the list of faculty members (do a check on their experience and qualification).
Go through the course content and see if all you need to learn for your future is provided in there.
Infrastructure and alumni needs to be considered too.
Placement options give a clear idea about the legacy of the college, so, check that out always.
Frequently Asked Questions
Q. Which are the top management colleges in finance in India?
A. IIM Bangalore, FMS Delhi, SPJIMR Mumbai and Alliance University Bangalore are regarded as the leading management colleges in India offering specialisation in finance.
Q. Which are the top three management colleges in operations management in India.
A. IIM Bangalore, IIM Kolkata and IIM Indore are regarded as the best management colleges in operations management in India.
Q. Is CAT mandatory for MBA admissions in top Bschools in India?
A. While CAT is widely preferred, other entrance exams like XAT, MAT, CMAT, ATMA etc as well as state entrance exams and university entrance exams are also considered for MBA admissions.
Q. How can one check which BSchool to take admissions to?
A. The ideal plan to narrow down a BSchool would be to check the top colleges, specializations in which one is interested. While top BSchools in India can be checked through NIRF and other rankings, the specialization part is individual specific. Students should also look at facilities, placements as well as alumni connect for all colleges they wish to consider.
Q. Which is the best entrance exam to get into a top BSchool?
A. CAT is one of the most popular exams and the scores are widely accepted too. However, other exams like XAT, CMAT, ATMA and MAT are also preferred for admissions. The competition is tough when it comes to CAT so many students also prefer these entrance exams to get entry to the popular BSchools in India.
Q. Is India the best country for pursuing a degree in MBA?
A. India is home to good BSchools like the IIMs, IITs, XLRI to name a few. So pursuing MBA from here is good enough for a fruitful career. Choosing a country depends upon not just the institute but fees, ease of admissions and further career path. For an Indian student, these factors make India the best country to pursue MBA.
Q. What makes pursuing an MBA a popular career option?
A. The career prospects after MBA are so lucrative and ensure professional success that it has become one of the most expensive degree courses in the management field in India.
Q. Is MBA better than CA? Do their salaries differ?
A. The two degrees are different in not just the subject of study but also the profiles that come after completion. The salary structure differs not just for degrees but also the experience one has. While MBA is solely management oriented, CA is commerce related. MBA comes in different specializations while CA does not. An MBA is a two year course but CA has three levels to clear and takes far more time. It also includes articleship which is an integral part of the course while this is not mandatory for an MBA. Many students prefer MBA as its easy to complete and is less rigorous. Salaries ofcourse differ for both on account of the nature of work.
Q. Can I do an MBA right after completing XII boards examination?
A. No, you cannot. You need to complete graduation from a recognized university and then apply for an MBA.
Q. What is the most significant advantage of doing an MBA after doing BTech?
A. Doing MBA after doing engineering is beneficial because you will be able to possess both technical acumen and managerial acumen that is essentially required in the corporate world.
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