India has given some of the finest management leaders and CEOs to the world. From Sundar Pichai, Satya Nadella to Indra Nooyi, the list of talented industry leaders from our country is a long one. It is fitting then, that management is a highly sought-after career choice among millions of students in our country. The MBA program provides a great avenue for enhancing one’s employability and brand value in the marketplace. With CAT 2021 exam scheduled on November 28 this year, it is crucial for aspirants to be aware of the best MBA colleges in India which will enable them in developing their skillset and grabbing lucrative placement opportunities. Today, due to the high demand put on educational institutions across the world to teach online, there are also great distance learning MBA programs available that might be suitable for working professionals as well. During the lockdown period, online teaching apps have also allowed the aspirants to continue their preparation for management exams unabated.
The NIRF (National Institutional Ranking Framework) rankings for the year 2021 were released by the government on September 9. More than 4000 educational institutes were ranked based on a variety of factors. Here are the top MBA colleges across India in 2021 according to the NIRF rankings released by the Government of India.
No surprise there. Established in the year 1961 and located in the capital of Gujarat, this autonomous institution comes up as the undisputed winner when compared to any other MBA college in India. The courses offered are 2-year PGP full time, PGP-FABM (Food and Agriculture Business Management), 1 year MBA along with Executive MBA and many other MBA programs. The weightage given to the CAT score while shortlisting candidates for the final round of admission has been reduced over the years to just 65% now. Its alumni include top industry leaders, CEOs, renowned national and international personalities, top sports presenters, writers, bureaucrats and eminent businessmen. The total fees payable for the PGP program is Rs. 23,00,000/-. The average domestic salary was reported to be around Rs. 26.13 LPA and highest domestic salary was Rs. 55.88 LPA.
Established in 1973 in the capital of Karnataka and the Silicon Valley of India, this is one of the top 3 IIM’s. The institute has an edge over its contemporaries by virtue of its location. It lies in close proximity to some of the biggest and highly advanced corporate establishments in India including top IT companies, FMCG companies and likewise, thus providing its students the opportunity to gain practical insight and learn the application of the concepts learnt in the classroom. The institute offers a variety of MBA programs along with Executive and Doctoral programs. Moreover, the institute has partnered with Goldman Sachs to promote entrepreneurship among women. IIM Bangalore ranked 2nd in the previous year’s NIRF rankings as well. The cut off for shortlisting students for the WAT, PI round is usually north of 97th percentile and the total fees payable for the 2-year MBA program is Rs. 23,20,000. The average domestic salary stands at Rs. 28.98 LPA with a median salary of Rs. 28.60 LPA.
IIM Calcutta is the oldest national institute established by the government of India for PG and research in the field of Management. Established in the capital of West Bengal in the year 1961, it is a preferred choice among the candidates interested in Finance. It has 85 partner institutes across the globe. In fact, it started the international student exchange program in 1999. For, candidates seeking admission in IIM Calcutta, taking the CAT exam is mandatory. Minimum cutoff for shortlisting the candidates is 85 percentile, in practice though, it might jump up to 98 percentile in the final shortlist for the WAT, PI round. The total fees payable for the 2-year PGDM was Rs. 22,60,000/- for the 2020-22 batch. The average salary was reported to be around Rs. 25,35,000/- while the highest salary was Rs. 75,00,000 in the year 2018.
Apart from the ones mentioned above, there are many other great MBA institutions in India. Notable among them is the FMS Delhi, where the placement is at par with top IIMs while the total fees payable is peanuts compared to even average institutions. We hope that the information provided in this article helps you in making a well-informed decision while choosing to apply for an MBA program in India.