Masters in Business Administration or better known as the MBA is a certification degree course that is one of the most common PG options today. Not just in India, but the demand for MBA courses can be seen in many other countries too.
So, why is MBA getting so much in demand today?
One of the major reasons is that many big companies across the world have considered an MBA to be a standard benchmark. Many of these company prefer to hire candidates who have a certification in MBA. Also, there are many other companies that do not just consider the MBA degree of the candidate. They also check the college or institute from where the candidate has achieved the degree.
There are several renowned colleges across the globe that offers MBA programs for students. If you talk about India, there are a pretty good number of colleges here too.
But when talked about the best options, here are the top 8 MBA colleges in India as of 2021. This list is a combination of Government as well as private MBA colleges in India.
XLRI
When private business schools are also considered than XLRI Xavier School of Management is the oldest business school in India that got established in the year 1949. This business school established in the city of Jamshedpur offers a full-time MBA program to thousands of students. Apart from the full-time courses, the institute also offers part-time courses as well as interactive learning courses for interested candidates. The average fee for completing an MBA from this college is around Rs. 20 Lakhs to Rs. 24 Lakhs depending upon the specialisation and other factors.
Management Development Institute
Management Development Institute of MDI was set up in 1973 and is an initiative taken by the Industrial Financial Corporation of India. This college located in Gurgram, Harayana is one of the best private business schools in India. Students passing out from this college have attained placements in some of the best organizations in India as well as abroad. A student taking admission in this college may have to pay a fee structure of Rs. 21 lakhs to Rs. 25 lakhs.
SP Jain Institute of Management and Research
SP Jain Institute of Management and Research is another best private business schools operational in India. It has the affiliation of Bharatiya Vidya Bhavan and is located in Andheri, Mumbai. This college is known for its beautiful campus that is spread on an area of 45 acres. Also, it has a well-chosen team of faculties to train up the students in the most professional way. In the year 2020, this college was counted among the top 20 MBA colleges by NIRF. The fee structure of this college is approximately Rs. 18 lakhs.
Symbiosis Institute of Business Management
Symbiosis Institute of Business Management located in Pune is one of the most premier business schools available in the country. The college does not just offer a degree in MBA but also offers internship programs for the students in the college itself. The college also has a record of good placement for all the students passing out from it. Symbiosis is one of the most famous colleges that students prefer to go to for an MBA program. The approximate fee structure for getting an MBA program from this college is around Rs. 22 lakhs.
Great Lakes Institute of Management
Great Lakes Institute of Management of better known as GLIM was established in the year 2004 and is located in Chennai. The average fee structure of GLIM for an MBA program is around Rs. 12 lakhs. Apart from offering an MBA program, the college also has connections with different companies such as HDFC Bank, Avanse, and others for the purpose of the internship. The college has a record of offering 100% placement to its students. Some of the eminent companies where students from GLIM have got placed till now are Amazon, Infosys, Barclays, and others.
Narsee Monji Institute of Management Studies
The next name in this list of the college that we know better by the name of NMIMS. This college located in Mumbai, Maharashtra is known for its modern facilities available for a smoother education in its classrooms. The average fee structure of NMIMS for an MBA course is around Rs. 10 lakhs to Rs, 18 lakhs depending upon the facilities that you take such as accommodation and others.
The ICFAI Foundation for Higher Education
Established in the year 2006, this college is operational under the affiliation of the ICFAI university. The university is spread out on a huge area that comprises several facilities such as hostels, canteens, playgrounds, laboratories, and many others. The aim of the college is not just to cater to theoretical knowledge to the students. They have a team of faculties who are well-educated in the required fields and also are highly experienced with practical knowledge so that they can teach the students with the help of their experience too. Students may have to pay around Rs. 14 lakhs in order to get an MBA course completed from ICFAI.
BML Munjal University:
Located in Gurgaon, BML Munjal University or better known as BMU is another best business schools offering MBA courses for students. The university believes in the fact to make students competition-ready so that they can step out in the international world too with great confidence. Apart from the MBA, the college offers different undergraduate and postgraduate courses in many other options such as B.Tech, B.A., and others. BMU is the most budget-friendly college on this list as the fee structure of its MBA program is Rs. 10 lakhs that is much lesser than any other colleges on this list.
When it is talked about the best MBA colleges in India, the list can go endlessly. But if you have to choose just a few, you have to pick up the best among the best. The above-list displays some of such best colleges that offer MBA programs to students in India.