Top MBA Colleges in India 2021

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: -

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 - 

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 - 

 
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

• Top public management colleges with their average course fee 

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.  

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 

• Birla Institute of Technology, Ranchi

• Indian Institute of Management, Ranchi 

• KIIT School of Management, Bhubaneswar 

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 – 

• Faculty of Management Studies, DU 

• Indian Institute of Management, Lucknow 

• Indian Institute of Management, Indore 

• Management Development Institute, Gurgaon 

• IIFT Delhi 

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 

• NMIMS, Mumbai 

• Goa Institute of Management, Goa 

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 – 

• CAT 

• XAT 

• CMAT 

• MAT 

• SNAP 

• MAH CET 

• GMAT 

Top Five Management Colleges in India Based on Top Specializations

Management degree in sales and marketing 

1. Indian Institute of Management, Ahmedabad 

2. Narsee Monjee Institute of Management Studies, Mumbai 

3. Indian Institute of Management, Kolkata 

4. Vinod Gupta School of Management, IIT Kharagpur 

5. Indian Institute of Management, Indore 

Management degree in Human Resources 

1. Indian Institute of Management, Bangalore 

2. XLRI Xavier School of Management, Jamshedpur 

3. Shailesh J. Mehta School of Management, IIT Bombay 

4. Department of Management Studies, IIT, Roorkee 

5. MDI Gurgaon 

Management degree in Foreign Trade 

1. Indian Institute of Foreign Trade, New Delhi 

2. JMI Delhi 

3. Loyola Institute of Business Administration, Chennai 

4. Institute of Management Studies, BHU, Varanasi 

5. Institute of Management, Nirma University, Ahmedabad 

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.