High Income, Respect, Managerial Position and Strong Network!
This is exactly what I want after I start with my work! Do you? Are you someone who dreams of getting a 6 figure pay package? Or someone who wishes to take their family business to another level making your parents proud? If your answer is yes, Master in Bussiness Administration is just a perfect course for you! The following article explores the top MBA colleges and entrance exam in India.
Before we move on with the details, I would like to bust some myths about the program :
Myth 1: MBA requires work experience.
Reality: In India, the majority of the colleges will admit you irrespective of your work experience. Although getting some work experience can add value to your profile, but not compulsory at all.
Myth 2: MBA doesn’t pay well!
Reality: MBA is one of the highest paying courses in the world, but from where you pursue it matters. Be very careful while choosing your college.
During the article, we will explore the top colleges in India for MBA, admission process, entrance exams and the advantages of pursuing the course.
Types of MBA in India
- Two Year Program: You can apply straight after your graduation.
- One Year Program: One year program typically requires work experience of 2-5 years.
- Part-Time MBA: This is also dedicated to working professionals and take 2-3 years to complete the course.
Top MBA Colleges in India
- Indian Institute of Management, Ahmedabad.
- Indian Institute of Management, Bengaluru.
- Indian Institute of Management, Kolkata.
- Indian Institute of Management, Lucknow.
- Indian Institute of Management, Indore.
- Indian Institute of Management, Kozhikode.
- S.P. Jain Institute of Management & Research (SPJIMR), Mumbai.
- Faculty of Management Studies, Delhi.
- Xavier Labor Research Institute (XLRI), Jamshedpur.
- Management Development Institute, Gurgaon (MDI)
- International Management Institute, Delhi.
- International Management Institute, Kolkata.
- International Management Institute, Bhubaneshwar.
- Indian Institute of Foreign Trade, Delhi.
- Jamnalal Bajaj Institute of Management Studies, Mumbai.
- Tata Institute of Social Sciences (TISS), Mumbai.
- Symbiosis Institute of International Business, Pune.
- Narsee Monjee Institute of Management Studies, Mumbai.
- Great Lakes Institute of Management, Chennai, and Gurgaon.
- Institute Of Management Technology, Ghaziabad
Top MBA Colleges in New Delhi & NCR
- Faculty of Management Studies, Delhi.
- Indian Institute of Foreign Trade, Delhi.
- Management Development Institute, Gurgaon (MDI)
- Great Lakes Institute of Management,Gurgaon.
- Department of Management Studies, IIT, Delhi
- Institute Of Management Technology, Ghaziabad
- Birla Institute Of Management Technology, Greater Noida
- Birla Institute Of Technology & Science, Pilani
Top MBA Colleges in Mumbai, Pune and Bangalore
- Jamnalal Bajaj Institute of Management Studies, Mumbai
- Tata Institute of Social Sciences (TISS), Mumbai
- Symbiosis Institute of International Business, Pune.
- Narsee Monjee Institute of Management Studies, Mumbai
- Shailesh J Mehta School of Management, Indian Institute of Technology, Mumbai
- Indian Institute of Management, Bengaluru
- Xavier Institute Of Management & Entrepreneurship, Bangalore
Top MBA Colleges for Executive Programs In India
- Indian Institute of Management, Ahmedabad
- Indian School of Bussiness, Hyderabad
- Indian Institute of Management, Bangalore
- Indian Institute of Management, Lucknow
- Indian Institute of Management, Calcutta
- Faculty of Management Studies (FMS), Delhi
- Xavier Labour Relations Institute (XLRI), Jamshedpur
- Indian Institute of Management (IIM) – Indore
- Indian Institute of Foreign Trade (IIFT)
- Narsee Monjee Institute of Management Studies (SVKMs NMIMS)
- Symbiosis Institute of Business Management (SIBM), Pune
- Institute of Management Technology – IMT
- Institute of Management, Nirma University Ahmedabad
- Vinod Gupta School of Management (IIT Kharagpur)
MBA Admission Process in India
To get admission in the top MBA colleges in India, you are required to write an entrance exam which is followed by group discussion and personal interview. Here is a list of top entrance exams in India for MBA.
- Common Aptitude Test (CAT)
- Xavier Aptitude Test (XAT)
- Narsee Monjee Management Test (N-MAT)
- Graduate Management Admission Test (G-MAT)
- Symbiosis National Aptitude Test (SNAP)
- Indian Institute of Foreign Trade (IIFT)
WHO CAN PURSUE MBA?
Anyone who has pursued graduation in any stream is eligible to apply for MBA. Although to clear the entrance exam with a high score, you should possess high numerical and analytical skills with a knack of the English language.
ADVANTAGES OF PURSUING MBA
Other than the increase in the pay, there are many other advantages of pursuing MBA:
1-Better Networking: Once you are studying at a B-School, you will interact with talented individuals from all around India. This will help you in enhancing your connections which could help you in the real world!
2-Eligible for Big Firms: It is a common trend among big firms to filter candidates based upon their degrees. If you don’t have an MBA, you can even apply!
3-Higher Income: MBA on your CV is a direct route to get a high salary!
4-Increased Work-Commitments: The entire experience of MBA grills the student and make them competent for the outside world.
THE SCOPE OF MBA IN INDIA
A management professional is required in almost all the fields ranging from big firms to small start-ups. Today, we even have specialized management programs designed specifically for the targeted field – Sports Management, Fashion Bussiness Management, Luxury Brand Management, Hospital Management, Technology Management, etc.
Read more: 7 Best Trending Careers of 2019 in India
Initial Average Salary: INR 50,000-80,000 (This is just an average number, your package will highly depend upon your college ranking, number of internships and skills)
Pull up your socks, work towards your goals and help yourself with a secure future! All the best!
Have any other MBA related detail to share with us? Kindly share with us in the comment section.