For a student, choosing the right Business School is a brain-wrenching process. With this article, we will help you to find out which is the best college for MBA in India, and at the same, we will have to consider some facts and some analysis. Some of the things to keep in mind is that these colleges should excel in the curriculum as well as research.
They should also provide exemplary placements to students. A perfect MBA should enable you to solve problems, provide you with the right know-how and make you a strategic thinker. A degree has the power to give your entrepreneurial career a boost or put you in a leadership position from day one.
Some of the best MBA colleges in India are also globally ranked. The three schools that hold the position in the top 50 worldwide are IIM Ahmedabad, IIM Bangalore, and IIM Kolkata. All these schools are known for their exemplary faculty, sprawling campus, and lucrative locations. The schools fall under the category of premium business schools.
An MBA degree opens the door to a variety of jobs and business opportunities. The course aims to impart the knowledge and training to enable you to manage an organization. It should also hone leadership and communication skills. All in all, the best college for MBA in India should make the student an all-rounder.
Top 10 Best Colleges for Online MBA in India
Without wasting much time, let's cut to the chase and list the top 10 colleges for MBA in India. The list below is based on NIRF ratings.
IIT Delhi Department of Management Studies
IIT Kharagpur VGSOM (Vinod Gupta School of Management)
IIT Bombay SJMSOM (Shailesh J. Mehta School of Management)
Besides these, other B-schools carry the name and legacy. When an established group comes up with an educational institute, then surely they will have a good plan for the same.
The course structure is updated, and faculty learn and also learn a lot through exposure. One such name is Bennett University, an initiative of The Times Group.
The Times Group is very well known and has been in the market for over 180 years. They have successfully carved a niche for themselves. Bennett University has a curriculum that is designed and curated by industry experts and also offers a paid industrial internship in the 2nd year of the program. In addition, in some courses, they also offer a 100% placement guarantee. Top companies are on the recruiter's list and placement offers are lucrative.
There are around 3000 MBA colleges in India with more than 8500 MBA programs. India has some of the best MBA colleges in the world; these can be private or public. Various entrance exams are held throughout the year. Some colleges prefer to conduct their exams and some enroll based on the common exams of top institutes like CAT, CMAT, MAT, XAT, NMAT, SNAP, ATMA, and GMAT.
The average salary of the top 10 colleges for an MBA in India is approx. ₹25,00,000. On the other hand, the cost of these business schools cannot be ignored. On average, tuition fees for top universities are approx. ₹11,00,000. It should also be taken into account that additional costs will be involved during the 2-year program.
Eligibility Criteria for MBA Admission
There are some basic things that students need to know before embarking on an MBA for their further studies. One of them is that students from various backgrounds are eligible for the program, be it in science, business or arts. Moreover, even holders of professional degrees like MBBS, CA, and CSI are also eligible to study MBA.
A full-time MBA will always be more desirable and fruitful than a part-time, executive, or one-year program. A bit of work experience will always give a candidate an edge. The minimum eligibility criteria for this program is Post Graduate with 50% marks.
MBA vs PGDM
Another thing that students are always confused about is the difference between MBA and PGDM programs. PGDM is awarded by institutes that are approved by AICTE while MBA is awarded by a college that is approved by UGC. If we look at the demand and supply, PGDM is much more in demand in the corporate world as compared to the MBA course.
Through this article, we have tried to include the top 10 colleges for MBA in India. There are also other factors included here that are important for a student to keep in mind to help them narrow down their final college. It's always better to talk to one of the college alumni before you call. The student's perspective is the most important and cannot be found on any university website or in any post or blog.