Top 10 MBA colleges in India
Education is somewhat of a huge importance for everyone’s life – child and adult alike. People have been stressing the prospect of type of education since ages but no one indulged in knowing the type that the students like. Some might love to become a doctor, or a teacher, or a writer. But, all of the mentioned are mainstream, which each and every student ultimately chooses to do. However, the stream of MBA – though now gaining speedy popularity – is still somewhat of a less common stream.
Amidst the tens of thousands of Management Graduates churned out, only around 7% turn out to be employable, as reported in the study conducted by ASSOCHAM. MBA graduates are spending lakh of rupees on their management education, but after graduating, most of them are earning a measly 800 to 10,000 rupees per month – that too, only when they are able to find replacements. Campus recruitments have gone down by a whooping 45%, thanks to the economic slowdown from 2014 to 2016 as well as the low education quality. As a result, 220 MBA schools have already shut down in top cities including Delhi-NCR, Bangalore, Mumbai, Kolkata, Lucknow, etc. Around 120 more such schools are written to meet the same fate this year.
For the lucky few that make it to the management institutes, there are reports of an almost pathological ignorance among students to issues that extend beyond the ledger, even in their own backyard. Experts believe that Indian Business School Graduates tend to make professional decisions based on profitability rather than social responsibility. Perhaps India’s oppressive caste system plays a major role, mostly negative, for a self-centered corporate culture, but it could be easily argued that the situation is identical everywhere. Due to India’s humungous size, it appears divisions that certainly exist elsewhere—between oligarchs and working poor, the stark real world and the sterile academy—are more pronounced and perhaps more visible.
A coin always has two sides, and therefore this program is bound to have pros as well as cons. Also, the pros have been outweighing the cons recently, making the programme of MBA one of the most sought after path of education ever.
Here are some of the top MBA Colleges in India :
1. Faculty of Management Studies (FMS), University of Delhi, Delhi :
Faculty of Management Studies is a business school located in New Delhi, India. It was established in the year of 1954 under the aegis of the University of Delhi and is often cited as the best business schools in India, owing to its great ROI and very high placement statistics.
2. Indian Institute of Management Ahmadabad (IIMA) :
Indian Institute of Management Ahmedabad is a public business school located in Ahmedabad, Gujarat. It was the second Indian Institute of Management (IIM) to be established, after IIM Calcutta. Established in 1961, the institute offers post graduate diploma programmes in management and agri-business management.
3. Indian Institute of Management Bangalore (IIMB) :
Indian Institute of Management Bangalore is a public business school located in Bangalore, Karnataka. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad. It offers Post Graduate, Doctoral and executive training programmes.
4. Indian Institute of Management Calcutta (IIMC) :
Indian Institute of Management, Calcutta abbreviated as IIM Calcutta or IIM-C, is a public business school located in Joka, Kolkata (Calcutta), India. It was the first Indian Institute of Management to be established. Established in 1961, IIM Calcutta is a fully autonomous institution and offers several postgraduate and doctoral programmes in management, as well as a bouquet of executive education programmes.
5. Indian Institute of Management Kozhikode (IIMK) :
The Indian Institute of Management Kozhikode is one of the 20 Indian Institutes of Management set up by the Government of India. The Institute, founded in 1997 in collaboration with the State Government of Kerala, was the fifth IIM to be established.
6. Indian Institute of Management Lucknow (IIML) :
The Indian Institute of Management Lucknow is an autonomous public business school in Lucknow, Uttar Pradesh, India. It was established in 1984 as the fourth Indian Institute of Management (IIM) by the Government of India.
7. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai :
Jamnalal Bajaj Institute of Management Studies is the Department of Management Studies of the University of Mumbai. Established in the year 1965, the institute is named after noted industrialist and philanthropist, Jamnalal Bajaj.
8. P. Jain Institute of Management & Research (SPJIMR), Mumbai :
S.P. Jain Institute of Management and Research (SPJIMR) is a constituent business school of the Bharatiya Vidya Bhavan. SPJIMR sits on a 45-acre campus in the western suburbs of Andheri in Mumbai. The Institute has an annual intake of some 700 students under various programmes. Its oldest programme is the two year Post Graduate Diploma in Management (PGDM).
9. Shailesh J. Mehta School of Management (SJMSOM), Indian Institute of Technology Bombay (IITB) :
Shailesh J. Mehta School of Management (popularly known as SJMSOM or simply SOM) is a public business school and part of Indian Institute of Technology Bombay. SJMSOM was established in 1995.
10. XLRI Xavier Institute of Management, Jamshedpur :
XLRI – Xavier School of Management is a management school founded in 1949 by the Society of Jesus (Jesuits) and based in Jamshedpur, Jharkhand, India.
MBA is now one of the most aspired for Post Graduate qualifications in India. While preparing for various entrance exams, students are often confused about which colleges to apply to, when it comes to MBA. Some parameters are to be minutely considered before applying to any college of brand value of the business school, cost of tuition fees, average salary of the entire batch, etc.