Summary: B Schools In India
The need for state-of-the-art, qualitative, competent education and academic growth is rampant in a fast-paced, dynamic world where excellence is taking over every social realm. As society inclines toward economic prosperity, a rise in the need for talent and manpower in the corporate field is predicted. In a flourishing economy in India, the demand for business professionals is on the rise. And, more so, if they have graduated from the Top and Best B Schools In India. Therefore, with the booming surge, the social trend and inclination towards graduating from the best business schools in India and many opportunities, many aspirants have a chance to enrol into top business schools and undergo the training to be “industry-ready”.
In a recent economic wave, the emergence, demand and prospects in top B-Schools in India are rampant. With new and remarkable institutions and many applicants enrolling, the economy’s future and B-Schools look bright and fulfilling in India. Over 6,000 business schools offer a variety of business, corporate and management courses. However, out of this multitude, there are the best B-Schools in India that guarantee to build well-prepared candidates for the corporate world. Thus, the Business Schools not just have excellent infrastructure, facilities and sometimes a little too high fees but use the best faculty, pedagogy, industry interaction and industry-oriented specializations in their curriculum and academic programmes in India.
In addition to these factors, aspirants must delineate the essentials of business schools in India and accordingly make a choice that would positively reinforce their career and prospects. Location, fee, placements, opportunities, industry interaction, first-hand experience and so on form the most crucial factors that distinguish business schools from the sea of business schools that exist. To make this task of analysis, identification and tedium a little easier, here is an elaborate list of the 15 top B Schools in India.
Indian Institute of Management (IIM), Bangalore
IIMs have forever been hailed as the best B Schools in India, with almost every student of business and management aspiring to secure a seat in any of the IIMs. With quality education, infrastructure and opportunities, IIMs such as that in Ahmedabad, Calcutta, Lucknow, Kozhikode, Indore and the rest rank as the top B-Schools in India.
Established in 1973, the Indian Institute of Management (IIM), Bangalore ranks as the best among the top business schools in India. The institute provides a range of MBA, Executive Management Education and Doctoral Programmes in Business and Management with a fee of about 23,20,000 for 2 years. Accredited by EQUIS, a reputed international body of accreditation, Indian Institute of Management (IIM), Bangalore has an excellent 100% placement record, associations with Accenture, BCG, Kearney, Bain & Company, McKinsey, Microsoft, RPG Group, Goldman Sachs, Avendus Capital, EY, HUL and so on with an average salary record of 28.98 LPA.
XLRI Jamshedpur – Xavier School of Management
One of the oldest and top business schools in India is the Xavier School of Management (XLRI) Jamshedpur, founded in 1949 by Fr Quinn Enright, S.J. This premier, private institution has over the years grown to be one of international repute and ranking, branded as one of the Top business schools in India, providing enriching and quality education in business management and research and programmes as that of PGDM-BM (Business Management), PGDM-HRM (Human Resource Management) and Executive PGDM. The notable alumni of Xavier School of Management (XLRI) Jamshedpur have spread their wings worldwide, holding posts in top corporate organizations.
Xavier School of Management (XLRI) Jamshedpur is accredited by AACSB, AMBA and the National Board of Accreditation (NBA). With a 100% placement record, the average salary of placements here is about 25.08 LPA.
3. Indian School of Business, (ISB) Hyderabad
The evolution of the Indian School of Business, Hyderabad in 2001 occurred from a dire need for the best business school in Asia. This institution is one of the top business schools in India for an MBA (Master of Business Administration) and delivers education on a global level pertaining to a worldwide operating standard. This unique feature demarcates it to be the best, so it stands out as a distinct and novel B-School from the other top B-Schools in India. With AACSB accreditation, a world-class campus, international exposure, special programmes and top-class faculty, the Indian School of Business, Hyderabad is known for a benchmark-setting average placement salary record of 34.07 LPA.
The best part about the Indian School of Business, Hyderabad is that the institute is entirely functioning on funds appropriated by private corporations, individuals and organizations from all over the world who identify with the vision and mission of this non-profit organization.
SP Jain Institute of Management and Research, (SPJIMR) Mumbai
The SP Jain Institute of Management and Research, Mumbai, operated by Bharatiya Vidya Bhavan, AACSB accredited, is one of the top business schools in India, autonomous and consistent in its ranking each year amongst the top ten management institutes in India. This institution, with its unique features of a lake, Cultural Centre, Botanical Garden, YogKutir, and Institute of Holistic Health Sciences, incorporates health and well-being with academics making a mark as one of the top B-Schools in India.
The plethora of courses offered at SP Jain Institute of Management and Research are PGDM – Post Graduate Diploma in Management, PGDM (BM) – Post Graduate Diploma in Management ( Business Management), PGPM – Post Graduate Programme in Management, GMP – Global Management Programme, PGMPW – Post Graduate Management Programme for Women, FPM – Fellow Programme in Management, Post Graduate Family Managed Business (PGFMB) programme, Post Graduate Executive Management Programme (PGEMP) and Post Graduate Programme in Development Management (PGP-DM). This business school is recognised globally for its variety of Postgraduate courses. The best feature of this institution is the various short-term programmes offered – Start Your Business (SYB), and Management Development Programmes (MDPs). They also have upcoming MDPs,
- Executive Certificate Programme in Fintech & Blockchain
- Certificate Program in Supply Chain Management
- Business Analytics for Strategic Business Decisions
- Executive Certificate Program in Digital Marketing & Social Media Strategy
Indian Institute of Foreign Trade, (IIFT) New Delhi
Established in 1963, the Indian Institute of Foreign Trade (IIFT) New Delhi was initiated by the Government of India as an autonomous body and Centre of Excellence in International Trade and Business. One among the top B-Schools in India, IIFT, in association with the Ministry of Commerce, offers the best MBA course in International Business and Economics. Securing a seat in this institution thus becomes a dream for many students who wish to pursue a career in International Business.
With two campuses in Delhi and Kolkata, the Indian Institute of Foreign Trade (IIFT) New Delhi is a deemed-to-be University awarded ‘A’ NAAC accreditation with 100% domestic and international placement records and a very high average salary scale of 46.40 LPA.
Management Development Institute, (MDI) Gurgaon
Established in 1973, the Management Development Institute, MDI Gurgaon, is one of the 10 top B-Schools in India and many ways, at par with IIMs. The institute, situated on a lush-green 40-acre campus, has set a quality benchmark for education and placement records. Such is the popularity of this institution that CAT aspirants prefer this place to many other IIMs for PGDM courses. In addition, what makes Management Development Institute, MDI Gurgaon, one of the top B-Schools in India is the ample student exchange programs with countries like New Zealand, Australia, South Africa, America, Europe and so on.
The full-time Postgraduate Programmes of the Management Development Institute, Gurgaon, have been accredited internationally by AMBA, while all programmes in the institute are AICTE approved. The college also has a record of excellent placement with an average salary package of 40.79 LPA. The Management Development Institute, Gurgaon has to its credit that it was the first internationally accredited Indian B-School and one of every five students at Management Development Institute (MDI) Gurgaon spends their last term of course abroad since the institute offers the largest International Exchange Programme in India.
- Narsee Monjee Institute of Management Studies (NMIMS) Mumbai
This multidisciplinary university with a legacy of more than 45 years, situated across 8 campuses and 17 schools, offers over 100 courses. Established in 1981, the institute, ranked as one of the top B-Schools in India, helps create great leaders in the corporate world, entrepreneurs and stakeholders. The courses offered to ensure experiential learning, exposure and training that will back the student up for a lifetime in mainstream society. With the option of an executive education programme for professionals, the curriculum for all courses is dynamic.
There are classroom-real world simulations which are used as innovative pedagogical practices. Another highlight of this institution is the social awareness it promotes among the students, and so it is ranked as one of the best business schools in India. With AACSB accreditation, management programmes are offered at 4 campuses, specialising in Finance, Information Systems, Marketing Operations, Decision Sciences and much more. The course fee is around 10,42,000, and the institution has a 100% placement rate with an average salary package of 38.57 LPA. The institution associates with companies such as Bain, Cognizant, Deloitte, IBM, Microsoft, Goldman Sachs, Amazon, Google, Wipro, JP Morgan and many more.
- Institute of Management Technology, (IMT) Ghaziabad
Set up in 1980, the Institute of Management Technology (IMT) Ghaziabad is ranked as one of the best business schools in India that offers quality management education in the private sector. The programs offered by the institute are designed to make students aware of and equipped with the skills needed to face the real world – evolving needs of the business world, ultra-modern academic facilities, international connections, vibrant campus life, holistic development and so on.
With a great legacy, leadership, learning facilities and located in an IT hub, Institute of Management Technology (IMT) Ghaziabad is one of the top-ranked premier top B-Schools in India, AACSB accredited, NBA approved, 50 plus international partners, faculty that has published research publications is reputed journals, 100% placement record with the highest CTC of 62 LPA. The institute offers placements with companies such as Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Tech Mahindra, Piramal Enterprises, Infosys and much more.
- IIT Bombay – Shailesh J Mehta School of Management
IIT Bombay established the Shailesh J Mehta School of Management in 1995 with a vision to promote and propagate interdisciplinary learning. Thus, the objective was to convert those professionals with a technical background to “Renaissance Leaders”. It was named after Dr Shailesh J. Mehta remarkable alumni and generous contributor.
The main motto of the Shailesh J Mehta School of Management is to prepare the youth and students to face the challenges of tomorrow, and so, the institute is considered one of the best business schools in India. The course fee at the institute is INR 8,30,000 with 100% placement offers and the highest salary of 34.4 LPA.
- International Management Institute, (IMI) Delhi
Established in 1981, the International Management Institute (IMI) Delhi consistently ranks among India’s top 5 business schools. With an AMBA and SAQS accreditation, the institute always emphasizes quality research on the part of the faculty members and publications in international peer-reviewed academic journals, making it one of the top B-Schools in India.
All the programs offered by the International Management Institute (IMI) Delhi are approved by AICTE. An interesting fact about the International Management Institute (IMI) Delhi is that it is India’s first corporate-sponsored B-School. Its sponsors range from Nestle, ITC, SAIL, and Tata Chemicals to Williamson Magor, BOC and RPG Enterprises. On an international level, the institute is linked with UNDP, ILO, UNCTAD, World Bank and Asian Productivity Organization. Accepting only CAT, GMAT scores, the fee in the college is 19.25 LPA with consistent placements, the highest record of 29.75 LPA as the highest salary package and partnerships with companies such as Tech Mahindra, Capgemini, Citi Bank, Nestle India, Deloitte and much more.
- TAPMI Manipal
The T A Pai Management Institute, established in 1980, is known for its deep-rooted value system, ethics, and acceptance of diversity. From 01 August 2021, TAPMI will be a constituent unit of the Manipal Academy of Higher Education (MAHE) and offer MBA degree programs in place of PGDM programmes. The courses offered are MBA, MBA (HRM), MBA (BKFS) and MBA (Marketing). Accredited by both AASCB (Advance Collegiate Schools of Business) and AMBA (Association of MBAs), the course fee is 16,00,000 for two years.
With overall placements reaching 100%, the highest average salary is 25 LPA, with a vast network of over 5000 alumni, most of whom are placed at CXO levels. These features turn the T A Pai Management Institute, Manipal, into one of the top B-Schools in India.
- Xavier University, Bhubaneshwar
Xavier University, Bhubaneshwar is a premier top-quality institute for business and management studies and ranked as one of the top business schools in India. Built on a foundation of the Jesuit principle Magis, the institution strives to achieve more in all ways possible. The Jesuit spirit reflects in the institution’s functioning – the faculty, staff, students, and alumni are one large family, working in unison to make the university what it is. Academics and achievements are of top priority here, but there is the larger agenda of building a just and humane society.
Xavier University, Bhubaneshwar has the following constituents – Xavier Institute of Management Bhubaneswar (XIMB), School of Human Resource Management (XAHR), School of Rural Management (XSRM), School of Sustainability (XSOS), School of Human Settlements (XAHS), School of Commerce (XSOC), School of Communications (XCOMM), School of Computer Science and Engineering (XCSE), School of Economics (XSE), Xavier Law School (XLS) and School of Governance and Public Affairs (SGPA). With multifarious awards and accolades to its name, the institute has a 100% placement rate from top recruiters like CBC, Deloitte, TCS, Godrej, MRF, HSBC, IOCL, Nestle etc.
- Symbiosis Centre for Management and Human Resource Development, (SCMHRD) Pune
Established in 1993, and ranked as one of the top business schools in India, the MBA course at Symbiosis Centre for Management and Human Resource Development is very prestigious at the national and international levels. The B-School specializes in HR, Marketing, Finance, Operations, Infrastructure Management and Business Analytics. With an emphasis on holistic learning and practical experiences, the curriculum and technical and academic competence of the course at this B-School is intense. The course offered here is UGC recognized Symbiosis International University-affiliated MBA programme with a course fee of 17.43 lakhs.
The institution with an AASCB accreditation is a trusted name in the top business schools in India owing to quality education and 100% placement with top recruiters like Raymond, Colgate, Palmolive, Yes Bank, HSBC, Aditya Birla Group, Loreal, PepsiCo and the highest salary package of up to 38.5 LPA.
- Faculty of Management Studies, (FMC) New Delhi
One of the oldest B-Schools in the country, the Faculty of Management Studies (FMC) New Delhi was established in 1954 and is also called “The Red Building of Dreams”. The benchmark that the institution has set equals the IIMs in India. The most remarkable fact is that with the best quality education it provides, this B-School charges significantly fewer tuition fees of about 1,92,000 per course, making it an aspiration for many and one of the top business schools in India. The college guarantees 100% placement, and the highest salary offered was that of 48 LPA in 2021.
- Jamnalal Bajaj Institute of Management Studies, (JBIMS) Mumbai
Established in 1965 and called the CEO factory, this institution is consistently voted the best B-School in the country. The Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai is known to have produced some of the most outstanding leaders in the industry. They often come around to share their experiences in the practical world. Most of the visiting faculty here are alumni and great business leaders to provide hands-on knowledge about the positives and negatives of the real world. This innovative feature makes the B-School one of the top business schools in India.
The course fee for domestic applicants is 6 lakhs while 12 lakhs for foreign applicants. The Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai has 100% placements with an average salary of 18.91 LPA. The top recruiters from the industry are Abbott, AkzoNobel, Capgemini, Tata Motors, Piramal, JP Morgan Chase, HSBC etc.
With a growing need for business professionals in the corporate world, there is a rise in scope for individuals to enrol and get trained in the business world – that too at the best B-Schools. Thus, one must engage in enough research and study to zero in on a B-School that is one of the top business schools in India and would suit individual needs.
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