Top 10 Private MBA Colleges In India

Top 10 Private MBA Colleges In India

The top private MBA colleges in India offer the best infrastructure and pedagogy, the latest MBA curriculum, popular and niche specializations, practical training, foreign exchange programs, and campus placements. Although the course fee of these MBA colleges is on the higher side, the return on investment (ROI) is good. 

There are over 2900 private MBA colleges in India. Some of them are well-reputed and ranked on par with the IIMs. The top private MBA colleges in India include XLRI Xavier School of Management (Jamshedpur), Management Development Institute (MDI Gurgaon), National Institute of Industrial Engineering (NITIE Mumbai), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), Symbiosis Institute of Business Management (SIBM Pune), Great Lakes Institute of Management (Chennai), NMIMS School of Business Management (Mumbai), ICFAI Business School – IBS (Hyderabad), T.A. Pai Management Institute – TAPMI (Manipal), International Management Institute (IMI Delhi), etc. Read below all about MBA rankings and the best private MBA colleges in India.

 Private MBA Colleges in India: Eligibility Criteria

The eligibility criteria for an MBA course is graduation, however, the minimum score requirement may vary for niche specializations.

Candidates must have passed graduation in any discipline or equivalent from a recognized university

Most of the institutes follow the minimum score criteria in graduation as per the AICTE i.e. 50 percent aggregate or equivalent and five percent relaxation to students belonging to reserved categories

Professional degree holders such as MBBS/CA/CS/ICWA, etc. are also eligible to pursue MBA

ROI of Top 10 Private MBA Colleges in India

A major factor that contributes to an institute’s high rank is the Return on Investment or ROI. But what is ROI, ROI can be referred to as the balance or gap between the course fee and salary offered in the job secured on the basis of the course.

The ROI of top private MBA colleges in India is satisfactory which is why they find a place in all India rankings by agencies and business magazines. The best private MBA colleges in India with the average annual fee.

Top Private MBA Colleges in India	Average Annual Fee (in Rs)	Average Placement Package (in Rs)
NITIE Mumbai	11.43 Lakh	20.88 LPA
XLRI Xavier School of Management, Jamshedpur	23.60 Lakh	25.08 LPA
MDI Gurgaon	21.34 Lakh	23.15 LPA
IIFT Delhi	8.75 Lakh	21.08 LPA
SIBM Pune	10.20 Lakh	19.56 LPA
SPJIMR, Mumbai	17.87 Lakh	19.50 LPA
NMIMS School of Business Management, Mumbai	12.05 Lakh	17.79 LPA
TAPMI, Manipal	15.01 Lakh	11.50 LPA
Great Lakes Institute of Management, Chennai	11.81 Lakh	13.60 LPA
ICFAI Business School (IBS), Hyderabad	14.14 Lakh	7.88 LPA

Top Recruiters for MBA Graduates

MBA graduates from any domain are in high demand. All organizations (big or small, private or government) hire MBA degree holders in various capacities. Below is the list of a few top companies which visit the top private MBA colleges in India to recruit management graduates:

Top Private MBA Colleges in India	Top Recruiters
XLRI Xavier School of Management, Jamshedpur	Tata Projects, HR Consultancy, Schindler Elevators, EY, Genpact, Infosys, PricewaterhouseCoopers, Tata Consultancy Services, DIAGEO, Accenture, Addeco, Dr.Reddys Laboratories, Ameex Technologies, Cipla, Alten, Allianz Global Investors, McKinsey & Co., Boston Consulting Group, Accenture Strategy, etc.
MDI Gurgaon	Nestle, Coca-Cola, Airtel, Tata Consumer Products Ltd., ITC Ltd., Godrej Industries Ltd., JPMorgan Chase & Co., HSBC Bank, ICICI Bank, Bank of America, Axis Bank, Delhivery, Ninjacart, Uber, Amazon, PwC US Advisory, McKinsey Digital, Deloitte USI, Hinduja Group, etc.
NITIE Mumbai	Colgate-Palmolive, Johnson & Johnson, HUL, ITC, Diageo, P&G, Accenture Digital, Cognizant Business Consulting, E&Y, Deloitte India, KPMG, McKinsey, Asian Paints, Castrol, Maruti Suzuki, Coromandel, Crompton, Avery Dennison, etc.
SPJIMR, Mumbai	Alvarez & Marsal, The Bridgespan Group, Praxis Global Alliance, Accenture Strategy, Avalon Consulting, Bain & Company, Boston Consulting Group, Deloitte, Ernst & Young, GEP, IBM, KPMG, PwC, etc.
SIBM Pune	Wipro, Accenture, ICICI Bank, Capgemini, Cognizant, TCS, IBM, HCL Technologies, Amazon, Infosys, Genpact, HSBC, etc.
Great Lakes Institute of Management, Chennai	Accenture Strategy, Aditya Birla Capital, Dell, Deloitte, Decathlon, ITC Infotech, L&T Infotech, Magicbricks, Societe Generale, McKinsey, Crisil, Dell, Deloitte, KVB, JP Morgan, Ford, RBS, Cognizant, Infosys, ICICI, HSBC Technologies, etc.
NMIMS School of Business Management, Mumbai	Bosch, Reliance Industries, Agro Tech Foods, Bacardi, Whirlpool, Xiaomi, Aditya Birla Insurance Brokers, EY, HDFC Bank, J P Morgan, Aditya Birla Fashion & Retail, Axis My India, Birla Sun Life Insurance, Raymond, Cognizant Business Consulting, Mahindra Logistics, Maruti Suzuki, ICICI Bank, DHL Express, Essar, etc.
ICFAI Business School (IBS), Hyderabad	HDFC Bank, Tata Consultancy Services, ICICI Bank, Cognizant, HSBC, E&Y, Genpact, Wipro Limited, Deloitte, Accenture, IDFC Bank, Kotak Mahindra Bank, Amazon, etc.
IIFT Delhi	Bajaj Auto, Hero MotoCorp, Maruti Suzuki India Limited, TVS, Tata Steel, L&T, JSW & Metal Power, ITC, Pidilite, Dabur, Dell, Philips, Shell, TATA Sky, HT Media, Games 24x7, ABFRL, Goldman Sachs, HSBC, JPMC, Yes Bank, Citi Bank, ICICI Bank, DE Shaw, etc.
TAPMI, Manipal	Infosys, Tata Consultancy Services, ICICI Bank, Deloitte, Mu Sigma Business Solutions, E&Y, Raam Group, KPMG, Wipro Technologies, MakeMyTrip, Capgemini, Brillio Technologies, etc.

Job Roles Offered After Completing MBA?

With the growing demand for MBA, students can bag excellent opportunities in both the public and private sectors. MBA graduates can start their own businesses or work as an entrepreneur to implement their learning in the real world or start a school/ institution. Those seeking job opportunities can be recruited under the profiles listed below:

• Operations Manager
• Product Manager
• Finance Manager
• Sales Manager
• Marketing Manager
• Human Resources Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager

Frequently Asked Questions:

Q1. What are the Study Options After MBA?

Ans. Graduates from private MBA colleges can choose from multiple courses to pursue higher education or certification. The popular courses are given below:

• Certified Information Systems Auditor (CISA)
• Certification in Risk Management Assurance (CRMA)
• Certified in Production and Inventory Management (CPIM)
• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM) Exam
• Project Management Professional (PMP)
• Second MBA from an international business school

Q2. How Affordable is Studying in a Top Private MBA College in India?

Ans. Based on the below pie chart, it can be estimated that pursuing MBA in a top private college is expensive as around 86 percent of top private MBA colleges in India have fees of above Rs 5 lakh. About nine percent of top private MBA colleges in India have course fees in the range of Rs 3 to 5 lakh. About two percent best private MBA colleges in India have course fees in the range of Rs 2 to 3 lakh and about three percent of top private MBA colleges in India have course fees under Rs 1 lakh.

Refer to the infographics below for an overview of the course fee of the best private MBA colleges in India.

3. Is LNCT Good for an MBA? 

Ans. Best MBA College in Bhopal. LNCT MBA seeks to be a contextually-relevant business school with world-class academic standards that develop socially. Master of Business Administration or MBA is one of the most popular post-graduate programs in India.

4. What is there in the MBA course? 

Ans. The MBA course is an academic program oriented towards management and marketing. It includes subjects such as Organisational Behaviour, Marketing, Principles of Management, Supply Chain Management, Operations Management, etc.

5. What is the average package at LNCT Bhopal? 

Ans. The highest package is 19 lakh and the average package is 4.5 lakh. The college will also provide internships to the students.

6. Is MBA hard to study? 

Ans. MBA is not difficult for an average student but it may vary. Studying MBA pushes a person out of their comfort zone and adapts themselves to International Business trends, Application of new management tools and techniques and prepares them to survive the rapidly changing business environment.

7. Is MBA done after 12th? 

Ans. No, you can’t do an MBA after 12th as it’s a master’s degree and before master’s one needs to have a bachelor’s degree. 

8. Which MBA is best for becoming a CEO?

Ans.  A general MBA from a top business school is a good path to take for aspiring CEOs. However, if you already have a well-rounded business education, earning an MBA in finance or another relevant discipline could also be an effective approach.

Reviews:- 

MBA is one of the most popular postgraduate programs in India. The two-year program is a gateway to multiple managerial level job opportunities such as Finance Manager, Sales Manager, Marketing Manager, etc. This course curriculum is designed to impart knowledge related to the operations of a business and managing the business operations. 

Conclusion:- 

90 percent of the MBA colleges in India are run as private colleges while seven percent are run by the Government.

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