What do Raghuram Rajan, Indira Nooyi, Dr Sankar Datta, Prasoon Joshi, and Dr K. Radhakrishnan have in common? They are the top leaders in their respective spheres of work. And, they are graduates from prominent MBA colleges in India!
If you are one who is interested in studying business and management, then the Masters of Business Administration (MBA) is the most popular postgraduate degree to choose from. There is a myriad of general and new-age courses offered by the top Indian MBA colleges.
A degree from the best MBA colleges in India can:
- Provide the right know-how
- Make you a strategic thinker
- Enable you to solve problems
An MBA can empower you to start your own business venture, or take up management roles to change the world
There are 3000 MBA colleges in India with over 8500 MBA courses.
India houses some of the best MBA colleges on the globe. These are either private institutes or government ones.
You need to appear for entrance tests to get into MBA colleges in India. Many institutes accept common entrance test scores, such as CAT, CMAT, MAT, XAT, NMAT, SNAP, ATMA, and GMAT. While many others conduct their own entrance tests to grant admissions.
Here is the list of the best private MBA colleges in India for you. Many known faces in the business world have roots from these institutes.
Top Indian MBA Colleges in India – Private Institutes
Xavier Institute of Management (XIMB) – Bhubaneswar
Established in 1987, XIM-B is ranked as the sixth among the hundred best private MBA colleges in India, by Education World in 2020.
The college offers the highest number of electives (fifty-three) in its MBA- Business Management, among all B-schools in the country. It also offers executive MBA programmes for working professionals.
Indian School of Business (ISB) – Hyderabad & Mohali
ISB was established in 2001 in Hyderabad, to be a world-class business school in Asia. It also has a campus in Mohali since 2012. ISB has been ranked 28th in the Financial Times Global MBA list.
It offers courses such as The Post-Graduate Programme
– In Management (PGP)
– For Working Professionals (PGP Pro)
– For Family Business (PGP MFAB).
Xavier School of Management (XLRI) – Jamshedpur
Established in 1949, XLRI is one of the oldest business schools in India. It has been ranked third in India by Business Today’s “India’s best B-schools 2019” and first in Outlook India’s “Top Private MBA Institutes” of 2020. It has also been featured among the top 30 business schools, for its societal responsibility and impact, released by Positive Impact Rating for Business Schools (in Davos).
It offers various management programmes in:
– Human Resources
Notable alumni: Shantonu Aditya, President, Discovery – SET India
Joshua Karthik Rallapati (2005), CEO and Co-Founder, Stories in Motion
Institute of Management Technology (IMT) – Ghaziabad
IMT Ghaziabad was established in 1980 and has been ranked 2nd in the Supreme B-School category of the Competition Success Review survey, 2020.
It offers MBA programmes in:
– PGDBM Full time
– PGDBM Marketing
– PGDBM Finance
– PGDBM BFS (Banking & Financial Services)
– PGDBM DCP (Dual Country Programme)
Great Lakes Institute of Management (GLIM) – Chennai & Gurgaon
This institute was established in 2004 in Chennai. Its Gurgaon campus was set up in 2010. It has been ranked 1st among standalone business schools in India, in the Outlook list; and 9th top B-School in the country in the Business India survey.
The institute offers:
– Two year PGDM – for all
– One-year PGPM – for professionals with work experience
– PGPM – Flex for working professionals
It also offers e-learning programmes in new-age fields like Analytics and Data, Science, Strategic Digital Marketing, Management.
T.A. Pai Institute of Management (TAPMI) – Manipal
This private, autonomous college was established in 1980. It has been ranked 6th among private MBA institutions by Outlook in 2020. The institute offers two-year Post Graduate Diploma Programmes (PGDM), spread over six terms in:
– Healthcare Management
– Banking and Financial Services.
Notable alumni: Rajeev Jain – Managing Director, Bajaj Finance Ltd.
Sharad Agarwal – Head, Lamborghini, India
International Management Institute (IMI) – New Delhi, Kolkata, Bhubaneswar
IMI was first established in 1981 in New Delhi. It is India’s first corporate-sponsored business school, with backing from RPG Enterprises, Nestle, ITC, SAIL, Tata Chemicals, Williamson Magor, etc.
IMI now has campuses at Kolkata and Bhubaneswar too. IMI Delhi is ranked 9th in the best private MBA colleges in India by the Outlook survey.
The Institute currently offers PGDBM in:
– Human resources
– Banking & Financial Services
ICFAI Business School (IBS) – Hyderabad
IBS Hyderabad was established in 1995. This institute is one of the very few management schools in India to have a 100% case method approach. It has been ranked as the 8th best private MBA institute of the country by Outlook, 2020.
It offers one of the largest MBA programmes in Asia with a student intake of over 1000 each year. The institute also offers a PGPA programme in Business & Data Analytics.
WeSchool (Welingkar Institute of Management Development & Research) – Mumbai
This Mumbai based institute was established in 1977. It offers two year full-time programmes such as:
Post Graduate Diploma in:
– Business Design
– Rural Management
The college also offers Masters of Management Studies and part-time distance learning courses in Marketing, Finance, Human Resource, Operations, and Healthcare.
Notable Alumni: Ridham Desai, MD and Head of India Research, Morgan Stanley,
Institute of Rural Management Anand (IRMA) – Anand
Established in 1979, IRMA was founded to prepare management professionals for the under-served segments of the economy. IRMA has been ranked 8th in the UTD Top 10 Indian Business School Ranking for Research.
IRMA offers Post Graduate Diploma in Rural Management.
Notable Alumni: R S Sodhi – Managing Director, GCMMF (Amul)
Daman Singh – Writer
Some of the best MBA colleges in India are government institutes. Many of them are synonymous with the top standards of education. We have listed the top ten such institutes for you.
Top MBA Government Colleges in India
Indian Institute of Management – Ahmedabad (IIM-A)
This iconic institute was established in 1961. IIM-A has maintained a top spot among all MBA colleges in India for many years.
It ranks first in the NIRF 2020 ranking for the best MBA colleges in India. It ranks first in the survey by Business World, and also in the Business Today rankings, in the Top Indian MBA colleges (Business School).
It ranks twentieth in the international Financial Times Masters in Management Ranking list, for the year 2020.
It offers programmes in:
– MBA Management (MBA, two-year course)
– MBA in Food and Agri-business Management (MBA- FABM, two-year course)
– MBA for executives (MBA- PGPX, one year course)
– e-Mode Masters in Management Studies
– e-Post Graduate Diploma in Advance Business Analytics
Notable Alumni: Late C. K.Prahlad – Business strategist and thinker
Sanjeev Bikhchandani –Founder of Naukri.com, Info Edge, Jeevansaathi.com and Ashoka University
Deep Kalra – Founder & CEO, MakeMyTrip.com
IIM – Bangalore (IIM-B), Bengaluru
IIM-B was founded in 1973 and has been ranked as the second-best B-School in India. IIM-B is the only Indian management school to be a member of the Global Network for Advanced Management.
It ranks second in the NIRF 2020 ranking for the best MBA colleges in India.
It offers MBA in:
– Enterprise Management
– Public Policy Management
– Business Analytics
– Executive MBA
Notable alumni: Sameer Suneja –Group CEO, Perfetti Van Melle
Karan Bajaj – Founder & CEO, WhiteHat Jr
Sahil Barua – Co-founder of Delhivery
IIM – Kolkata (IIM-C)
IIM-C is the first among IIMs to be established in 1961.
It ranks seventeenth in the international Financial Times Masters in Management Rankings list, for the year 2020. It ranks third in the NIRF 2020 ranking for the best MBA colleges in India.
IIM-C is renowned for courses in finance, investment banking, consulting, marketing, operations, general management, and information systems. It offers Post Graduate Diplomas in Management. It also offers executive MBA programmes.
Notable Alumni: Sanjay Gupta – Country Manager and VP (Sales & Operations), Google India
Pranay Chulet – Founder & CEO, Quikr
IIM – Lucknow (IIM-L)
Established in 1984, IIML is often ranked among the first five Business Schools in the country. The institute offers Post Graduate Programme in:
– Agribusiness Management
– Sustainable Management
It also offers an international programme in management for executives.
IIM-I is ranked fourth among the best MBA colleges in India by NIRF for the year 2020.
Amit Banati – SVP & CEO – Asia Pacific, Middle East & Africa, Kellogg co
Nishant Saxena – CEO – International Business, Cipla
IIM – Indore (IIM-I)
Established in 1996, IIM -I offer Post Graduate programmes in:
– Human Resource Management
– A five-year integrated program in Business Management
It also offers executive Post Graduate Programmes in Management. IIM-I is ranked seventh among the best MBA colleges in India by NIRF for the year 2020.
Notable Alumni: Rahul Razdan- CEO, JioChat
Joseph Radhik- India’s leading photographer & Co-founder at PEP Ink
IIM – Kozhikode (IIM-K)
Founded in 1996, IIM-K is ranked sixth among the top Indian MBA colleges, by NIRF for the year 2020. It also ranks fifth in the Outlook list for Top Indian MBA colleges (Public Institutions) for the year 2020.
Courses offered here are Post Graduate Diploma in:
– Liberal Studies & Management
– Business Leadership
It also offers executive MBA courses.
Management Development Institute (MDI) – Gurgaon
The College established in 1973 is one of the top B-schools in India. Courses offered are Post Graduate Programme in:
– Human Resources
– International Business
– National Management Programme
– Energy Management
– Public Policy and Management
– Executive programmes
Notable alumni: Sanjay Verma – CEO –Asia Pacific, Cushman & Wakefield
Sanjay Gupta – Marketing Director – APAC, Uber
Faculty of Management Studies, (FMS) affiliated to Delhi University – New Delhi
Established in 1954, FMS is one of the oldest Business Schools in India. It offers:
– MBA (general)
– MBA in entrepreneurship
– Executive MBA degree
FMS (Delhi) has been ranked twelfth in the Outlook list for Top Indian MBA colleges (Public Institutions) for the year 2020. It finds the eighth place in Business Today’s listing for the best MBA colleges in India, 2020.
Notable Alumni: Mukundan Ramakrishnan – Managing Director, Tata Chemicals Ltd
Ajay Shukla – Co-founder and CSO Higher Education UAE
Jamnalal Bajaj Institute of Management (JBIMS) – Mumbai
JBIMS is the department of Business Studies, of the University of Mumbai, and was established in 1965. Here, the programmes offered are:
– Masters in Management Studies (full-time)
– Master of Science in Finance
-Masters in Marketing Management/ Finance Management, / Human Resource Management/ Information management (Part-time).
Notable Alumni: Uday Kotak – MD & CEO, Kotak Mahindra Bank
Ajay Piramal – Chairman, Piramal Healthcare
Siddharth Roy Kapur – Ceo, UTV Motion Pictures
Indian Institute of Foreign Trade (IIFT) – New Delhi
Established in 1963, in New Delhi, IIFT finds a place among the 10 best colleges for MBA study.
IIFT conducts its own entrance exam. It has been ranked 27th in the Outlook ranking for the best MBA colleges in India. IIFT has four campuses; at New Delhi, Kolkata, Kakinada (2018)and Dar-Es-Salaam (Tanzania)
It offers executive post-graduate programmes in International Business; and Certificate Courses in Financial & Capital Markets and Export Management.
Notable Alumni: Ruchita Misra – Indian writer & author
Ramesh Natarajan, Founder of Litmus World Marketing Technologies
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