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List of Top MBA Colleges in India 2016

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Top MBA Colleges in India 2016

With the globalized economy on the run towards excellence, the competition strengthens among the individuals to outperform in the business world whether it is in Indian market or in an international market. But here the question may arise is why MBA is chosen by the students more nowadays? Is it because of its highly rewarding career path or has it become a trend?

With better career opportunities providing higher salary, holistic perspective over the business world, high-level networking, leadership opportunities etc, students resolved that MBA can help them to escalate their career at one go.

MBA, the most sought post graduate degree program to persist in the business world, indeed has a wide range of criteria to be taken care of before opting for it. Criteria such as the MBA specializations, whether to opt for 1 year or 2 year MBA, which college to go for; have certainly put students in a plight.

MBA degree can be done as a 2 year traditional degree or as a 1 year MBA program which is an accelerated choice for students having crystal clear career goal as their dream. Some of the most popular specializations chosen today in MBA are Finance, Human Resource Management, Marketing Management, Operations Management etc. The expansion in the global business economy has given rise to new MBA specializations like Rural Management, Information Technology, Supply Chain Management, International Business (IB) etc.

Even if the specializations are chosen, another dilemma that takes form is whether to choose a government college or a private college. Keeping in mind the value of the degree offered, facilities, placements and career options the colleges provide, you should go ahead opting for the colleges best for you.

In order to help you grab a seat in the top B-Schools in India, various entrance exams like CAT, MAT, SNAP, XAT etc are conducted across India. List of top 5 B-Schools in India are categorized below with their exceptional qualities that made them to be on top:

Indian Institute of Management (IIM) Bangalore: Located in India’s high technology capital, IIMB is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving it the added advantage of integrating classroom knowledge with practical experience. IIMB is the only Indian business school to feature among the Top 50 B-schools on the Financial Times Executive Education 2015 Rankings, alongside the London Business School, Harvard School of Business, University of Oxford and several others.

IIMB has also been ranked among the Top 30 Business Schools in the world on the Financial Times’ prestigious Master in Management Rankings for 2015. IIM Bangalore has recently topped the list of best management institutes in the ‘India Ranking 2016’ – the first-ever national ranking of universities by the Government.

Faculty of Management Studies, University of Delhi: FMS is among the few Top B-Schools of India, where every permanent faculty member is a Ph.D degree holder. Every student in FMS is a part of Management Science Association (MSA), a student body comprising of different panels that focus on distinct functional areas of interest.

To encourage entrepreneurship, FMS provides a placement holiday to students who wish to pursue their own ventures and allows them to participate in a subsequent placement process for up to two years, in case they want to avail the opportunity. Nestled in a strategic location that is at the crossroads of busy corporate and student activity, FMS hosted over 200 business leaders in the last year to facilitate a comprehensive learning curve for its students.

Indian Institute of Management, Ahmedabad (IIMA): IIMA is consistently rated as the Top B-School in India by reputed national agencies. The institute has been ranked 16th in the Financial Times (FT) Masters in Management Rankings 2016 as well as ranked 24th in the Financial Times Global MBA Ranking 2016 in its top 100 list of B-Schools, announced in January 2016. The enviable record of the entire batch getting placed year after year, over the past 20 years, also points to the quality of the students admitted and the quality of training they receive.

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai: NMIMS is located in Mumbai, Maharashtra, India. It is a private university one of the leading MBA College since last 34 years and has awarded as 13th top Business World B-School Survey in 2014. The placement programs of 2015 included MBA, MBA HR, MBA Banking and MBA Capital Markets. The average pay offered is Rs. 16.51 lakh per annum, which is around 8% higher than last year.

NMIMS School of Business Management (SBM) is ranked 12th in top 100 management schools & 5th place in top 10 Pvt B-schools in Outlook Drshti BSchool survey 2014, 9th rank top 25 B-schools, 3rd rank top 35 Pvt. Colleges, 2nd rank top 25 Pvt. Colleges in West Zone in The Week Hansa Research B-School Survey 2014 etc.

Department of Management Studies, IIT Delhi: Department of Management Studies (DMS), IIT Delhi is known for its 100% placements record which is the reflection of the timeless ties and relationships with their corporate partners. DMS, IIT Delhi has been ranked in the top 2 schools in the "Business and Management Research" category of the "Stanford Ranking" for 2015. Outlook has ranked IIT Delhi 6th among the top 10 B-schools in India 2016. DMS, IIT Delhi shares top three ranks in India for business and management studies along with IIM Ahmedabad and IIM Bangalore in QS India University Rankings 2015.

We recommend students to check some leading educational portal to get latest updates on news, exams, results, admissions, bank exams, scholarships, etc. We found some of the websites on internet where students can check the latest updates on Education. One of such site is Minglebox. On this website the information is divided in different sections, for MBA news updates at MBA, Engineering at Engineering, Study Abroad at Study Abroad.

posted Nov 14, 2016 by Rupali Thakur

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Very often MBA aspirants are confused between MBA and PGDM and often have difficulty in choosing between the two. This article will clarify you the difference between these two management programs.

MBA Vs PGDM

What do MBA and PGDM stand for? 

MBA (Master of Business Administration) is a degree, while PGDM (Post Graduate Diploma in Management) is a diploma program. As per the norms of the UGC, Colleges/Institutes affiliated to a university can offer MBA degrees. The autonomous/private Business Schools which are not affiliated to any university can offer the Post Graduate Diploma in Management (PGDM) programs.

Hence, even apex institutions like IIM, XLRI, and SPJIMR offer PGDM and not the MBA degree since these institutions are autonomous bodies and are not affiliated to any university. As such, there is no difference in what is being taught in PGDM and MBA.

 

Curriculum:

However, the autonomous business schools frequently change the syllabus to meet the industry standards. A syllabus change in an MBA program is rare since the college offering the program has no authority to change syllabus. Before you make a decision you should also note that MBA programs are a lot cheaper than PGDM programmes.

Which is better: MBA or PGDM?

In an MBA degree, you will be provided with theoretical knowledge of management concepts and practices. Theoretical knowledge may be useful if you want to get into research. Also, MBA syllabus is not amended very regularly as the college offering MBA has no authority to change the syllabus. This can be a major deterrent in the management arena because the real business environment is very dynamic and full of sudden unexpected changes. Hence, the MBA degree is more academic and theoretical in nature.

The PGDM programme, if done from an above average business school, will drill you with efficient training and will give you insights into real life business situations. It is more practical in nature. Since autonomous business schools have freedom to change syllabus, the PGDM programme will be structured in a manner most suitable to the real business environment.

However, the fact is that the industry treats MBA and PGDM graduates in an equal manner. Even in the global job industry, same treatment is given to MBA and PGDM graduates.  In fact, the industry is concerned more with the skill set of the students rather than the degree. Hence doing either MBA or PGDM will have the same impact on your career. Your starting salary will depend more on the reputation and brand name of your college/business school and not on the degree name. Hence you must carefully choose your college/business school if you want to pursue an MBA or PGDM.

Research and Higher Education after MBA/PGDM:

You must note that not all Universities/Institutions accept PGDM as a Master’s equivalent for admission into their Ph.D programs. You will be eligible for Ph.D, if you complete MBA or you complete PGDM from AICTE (All India Council for Technical Education) approved institutions.

Hence, if you wish to pursue Ph.D after MBA, you must make sure that you have either an MBA degree or a PGDM from AICTE approved institutions. If you wish to pursue your Ph.D abroad, it is always better to complete an MBA degree from any reputed college or university.

Therefore, whether you do an MBA or a PGDM, you will be entitled to the same benefits. Make sure you choose your college/business school carefully and you go through the syllabi of various institutions before you make a decision.

 

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