Beyond IIMs| 10 outstanding Business Schools in India

Beyond IIMs| 10 outstanding Business Schools in India

Yes, IIMs are the best Business Schools in India but look beyond the IIMs for these BSchools which can give even the IIMs a run for their money.

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Attention: These are top business schools in India. (Fuccha)
Attention: These are top business schools in India. (Fuccha)

MBA Education is an important decision and one that requires considerable thought. Traditionally, MBA was an option considered only after a few years of work experience, with one of the many tony Business Schools in India.

In India, however, many freshers opt for MBA right after their graduation and write Management entrance exams in their final year of graduation itself. An MBA education is for life and the aim of every aspirant is to get into an IIM or a top MBA college which are considered the holy grail of management education.

Choosing the Right B-School

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With only around 4,200 seats in all IIMs combined, the competition is intense and the pressure high. Still, there are many other institutes which offer top class management education in India. One has to be careful though in choosing the right college because it is a huge investment both in terms of time (2 precious years of early career) and money (Top Business Schools fees range between Rs 10 – 20 lakhs).

Some of the pointers one has to look out for during selecting the right MBA schools in India are –

  • Academic Strength – Faculty profile, Research and Innovation measures as the industry values a strong foundation in academics. MBA is not just a ‘skills course’!
  • Alumni Network – Well-placed Alumni reflect the status of the institute, and beyond campus placements, it is the alumni who can help foster and mentor your career
  • Corporate Interface – It’s about simulated experiences, schools need to participate in corporate competitions and have a corporate presence on campus with lectures and seminars.
  • Placement History – This needs to show a clear growth trajectory (especially in placement packages). A good indicator would also be lowest average salaries of last 100 students as well as the profiles and sectors offered.

Top 10 (Non-IIM) B-Schools in India

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Here are ten Business Schools in India that given competition to the IIMs on all these parameters –

Xavier Labour Relations Institute (XLRI), Jamshedpur

Business Schools 2017
Xavier Labour Relations Institute, Jamshedpur

XLRI is synonymous with Human Resource Management in India; with most of its alumni performing exceedingly well in the HR domain. It is the oldest management institute in India (since 1949) and has maintained a consistently high rank, with 100% placements every year. this is the school to aim for an outstanding career in HR.

Programmes Offered –

  • PGDM Courses – PGDM (General Management), PGDM (Business Management), PGDM (Global Business Management), PGDM (Human Resource Management)
  • FPM (Full Time and Executive) Executive Courses including MDP Programmes

Facilities & Infrastructure –

The completely residential, green, 40-acre campus in Jamshedpur, has separate accommodation for men and women. Sports facilities, gyms, a unique Behavioural Lab (to study human subjects and create primary research on Human resources) – you’ll find it all here.

How to Apply –

XLRI conducts its own entrance, XAT or Xavier Aptitude Test; in fact, the test is a benchmark on its own and is used by several other management colleges as well. Post the entrance exam, eligible candidates are called for a Group Discussion and Personal Interview. Those selected, are invited to join the program.

Important Dates –

Registrations for XAT begin in Mid-August and continue till December. The exam takes place in the first week of January, (last held on January 08, 2017). The results are announced in February and classes start in June.

Placement Information –

  • Final Placements – Class of 2017 – Batch Size of 359
  • Average Salary – Rs. 19 Lakh
  • Summer Placements – Class of 2018 – Batch Size of 361
  • Record Placement in 2.5 days

Faculty of Management Studies (FMS), Delhi

FMS-_The_Red_Building_of_Dreams

Strong Alumni, Academic Strength, Best Return on Investment – that’s how you can sum up the FMS MBA experience. Offering an MBA certificate instead of a PGDM certificate, this Delhi University course has a record of well-placed alumni.

However, what sets it apart from the other top ten Business Schools in India is the Return on investment, it has the lowest course fees – the annual fee for Full Time MBA is only Rs. 10,480 per annum!

Programmes Offered –

  • MBA (Full-time & Executive – Evening Programme), MBA – Executive HCA – Health Care Administration
  • Management Development Prog, Doctoral Programme

Facilities & Infrastructure –

FMS does not have an exclusive campus and is located on the premises of Delhi University. Students can avail the residential hostel facilities available to the PG students of Delhi University.

The Shanti Prasad Jain Advanced Management Research Center (SPJARC) is a nerve centre for all academic pursuits here. It promotes management research, organises seminars, conferences and conventions for management learning.

How to Apply –

The college takes admissions via the CAT Result. Students have to apply for the college separately through an online process, after the CAT results eligible candidates are called for a GD & PI.

Important Dates –

The FMS registration process opens between September second week to December second week.

After the CAT results in February, the shortlisted candidates are announced by February second week.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size of 209
  • Companies Participated – 81
  • Average Salary – Rs. 20.6 Lakh Per Annum

FMS has a unique placement policy where students who wish to pursue their own start-ups, can return to the placement process for 2 years after graduation. They also have a tie-up with Teach For India where students can join the fellowship and return for placements.

SP Jain Institute of Management & Research, Mumbai

Opt for SP Jain Institute of Management & Research, Mumbai. (India Education)
Opt for SP Jain Institute of Management & Research, Mumbai. (India Education)

SPJIMR is a consistent, top-ranked Business School in India and is consistently evolving by offering industry-driven programmes.

Started in 1981, it has a wide network of alumni and a vibrant corporate interface thanks to its location!

Programmes Offered

  • Full-Time Residential Programmes – PGDM, PGPM, GMP, PGMPW (For Women), Fellow Programme in Management
  • Family Managed Business Programmes
  • Executive Education, Social Sector, Entrepreneurship Programmes

Facilities & Infrastructure

The school runs out of the Bharatiya Vidya Bhavan Campus in Andheri, Mumbai and has a complete university campus feel to it. The locational advantage is immense and can bring in precious industry exposure.

How to Apply –

SPJIMR has a unique admission process – an international method of profile listing. Students are expected to fill out profiles with essay questions and SOP, this is further shortlisted with the help of CAT or GMAT marks. After the shortlisting students are called for a PI.

Important Dates –

The registrations are from October to December while the interviews begin in January third week.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size of 229
  • Companies Participated – 104
  • Average Salary – Rs.20.9 Lakhs Per Annum

Management Development Institute (MDI), Gurgaon

MDI Gurgaon (GetMyUni).
MDI Gurgaon (GetMyUni).

MDI was started in 1973 as an institute for training & research in management, since then it has carved a name for itself as a premier management institute. Located conveniently in Gurgaon, the corporate capital of India, it has created a strong industry partnership. It also has been the first Indian Business School to get international accreditation and has several accomplished faculties.

Programmes Offered –

  • PGP Programme Specializations – Management, Human Resource Management, International Management, Energy Management, Public Policy & Management
  • National Management Programme & FPM

Facilities & Infrastructure –

One of the best campuses, the MDI campus is spread across 40-acres covering state of the art facilities for residential hostels, classrooms and recreation facilities.

How to Apply –

Apply for the full-time course separately. After the CAT exam, the shortlisted candidates are invited for a GD & PI.

Important Dates –

Admission registrations begin from the first Week of September until December first week. Final selections are announced between April & May after the GD & PI sessions.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size – 343
  • Companies Participated – 143
  • Average Salary – Rs.18.89 Lakhs Per Annum

Indian Institute of Foreign Trade (IIFT), New Delhi

IIFT 2014-16 PC

IIFT is India’s best Business School to specialise in Foreign Trade. Established in 1963, to professionalise foreign trade management, it now offers comprehensive programs in management. It has expanded its campus to Kolkata and Dar-Es-Salaam (Tanzania), the Delhi campus continues to be the best.

With strong industry ties, it now a think-tank for government and industry. For students aiming for a career in Trade, Policy and Commerce, this is even better than IIMs in India!

Programmes offered:

  • MBA in International Business (Full-time & Executive)
  • Executive, Doctoral & Certificate Programs

Facilities & Infrastructure –

Spread across 6 acres near JNU in Delhi, the IIFT campus has modern facilities, hostels, a world-class library and a computer centre. The institute has three centres which pioneer research and training in Foreign Trade – Centre for WTO Studies, Centre for International Trade in Technology (CITT) and Centre for MSMEs.

How to Apply –

IIFT conducts its own admission test – one of the toughest B-School entrance examinations, the written exam is at par with the CAT. In 2015 for the Batch of 2016-18, 42,976 candidates applied for the exam of which 1506 candidates were shortlisted for 564 seats, leading to about 1% conversion rate!

Important Dates –

Registrations start in July (Week 2) and last until September. The exam takes place on Fourth Sunday of November. The course starts in the First Week of July.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size of 258
  • Companies Participated – 94
  • Average Salary – Rs. 18.41 Lakh Per Annum

International Management Institute (IMI), New Delhi

International Management Institute. (Image: Jeduka)
International Management Institute. (Image: Jeduka)

The only B-School with a corporate sponsorship; it was set up in 1981 by Sanjiv Goenka, Chairman of the RPG Goenka Group. With such a focus on corporate management and industry, IMI has grown over a few decades – with campuses in Bhubaneshwar and Kolkata. It is also one of the seven B-Schools to get the prestigious AMBA accreditation.

Programmes Offered –

  • PGDM Courses – Management, Human Resources Management (HRM), Banking & Financial Services
  • Executive PGDM & FPM

Facilities & Infrastructure –

IMI has an exclusive campus in the Qutb Institutional Area in New Delhi. The campus boasts of state of the art facilities complete with tech facilities and a full-fledged library.

How to Apply –

Candidates have to apply to IMI separately. CAT is the main entrance exam for Indian students and the institute shortlists candidates based on the CAT scores after which they are called for a GD & PI session.

Important Dates –

The registration for IMI is during the period November – January. Shortlisted candidates are called for GD & PI post-February.

Placement Information –

  • Final Placements – Batch of 2017 –
  • Average Salary – Rs. 12.54 Lakhs Per Annum

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. (Fuccha)
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. (Fuccha)

Started in 1981, under the Mumbai University, the NMIMS is now a deemed university. It has spread into other disciplines teaching more than 6,000 students in 9 specialised schools. However, its flagship Business School remains top-rated among Business Schools in India. Its convenient location (Mumbai) has enabled it to grow its corporate partnerships and foster alumni networks.

Programmes Offered

  • MBA Full-Time Programs – MBA (HR), MBA (Pharma), MBA (Law), MBA (Entrepreneurship & Family Business)
  • Executive, Doctoral, Part-Time and Specialised Programs
  • Diploma Certificates in Management

Facilities & Infrastructure –

NMIMS is located in the Mumbai Campus which also houses 11 other schools. The infrastructure is modern and up to date with technology.

There are also two centres for research, the Pravin Dalal Centre for Entrepreneurship & Family Management, and Jasani Centre for Social Entrepreneurship and Sustainability Management.

How to Apply –

You can apply by giving their own entrance test, the NMAT, conducted by GMAC (those behind the GMAT). NMAT is accepted by over 20 Business Schools and is a computer-based test. NMIMS shortlists candidates based on NMAT Scores and invites them for a GD & PI. You may also redo the NMAT test again for a fee.

Important Dates –

Registration for NMAT and NMIMS beings in July and goes until October. The exam window is a 75 day period usually from October to December. The results are announced in Third Week of January post which the shortlists are announced.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size of 522
  • Companies Participated – 166
  • Average Salary – Rs. 17.58 Lakhs Per Annum

National Institute of Industrial Engineering (NITIE), Mumbai

National Institute of Industrial Engineering (NITIE), Mumbai (CollegeDunia)
National Institute of Industrial Engineering (NITIE), Mumbai (CollegeDunia)

Considering a solid career in Industrial and Manufacturing Management? Opt for NITIE (since 1963), a training institute to promote the industrial sector. Today, students from NITIE are making a mark not just in manufacturing sectors but across the prism in varied roles and industries.

Programmes Offered –

  • PGDIM (Industrial Management), PGDISEM (Industrial Safety and Environmental Management), PGDMM
  • (Manufacturing Management), PGDPM (Project Management)

Facilities & Infrastructure –

Spread over a 67-acre campus in Mumbai, NITIE boasts of a lake and the tallest B-School Hostel, a 15 floor Boys hostel! The B-School also has several research centres like NITIE Centre for Communication Studies, Centre for Supply Chain Management and Centre for SME.

How to Apply –

NITIE accepts GATE scores for its PGDMM and PGDIE courses while CAT for PGDIM and PGISEM courses.

The only restriction is that only Engineers are eligible for admission to these courses. After the exam is conducted, NITIE shortlists the candidates for GD & PI.

Important Dates –

Registration begins in November till January. Shortlisted candidates are informed in February.

Placement Information –

  • Final Placements – Batch of 2016 – Batch Size of 391
  • Companies Participated – 115
  • Average Salary – Rs. 15.82 Lakhs Per Annum

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

JBIMS is the Management School of the Mumbai University but thanks to its efforts towards staying relevant in management education, it has managed to rank among the top ten Business Schools in India consistently. It was started in 1965 and today has several programs including its flagship MMS program. With great placement packages and strong alumni network.

It was started in 1965 and today has several programs including its flagship MMS program. With great placement packages and a strong alumni network, it is a perfect choice for students looking out for holistic education.

Programmes Offered

  • MMS Program
  • MSc Finance, Part Time and Doctoral Programs

Facilities & Infrastructure –

A new campus is coming up in Kalina Centre near the commercial hub of BKC in Mumbai. It is expected to have state of the art facilities.

How to Apply –

Till now, JBIMS has followed the DTE norms and common counselling. However, beginning the admissions for the batch of 2017-19 it will take test scores from CAT and MHCET, and conducts its own admission process of GD & PI. This should open up the possibilities for outside Maharashtra applicants and increase chances of admissions.

Important Dates –

The new dates are yet to be announced depending on the change in the admission process.

Placement Information –

  • Final Placements – Batch of 2017 – Batch Size of 116
  • Companies Participated – 72
  • Average Salary – Rs. 18.76 Lakhs Per Annum

Indian School of Business (ISB), Hyderabad

ISB Hyderabad. Photo courtesy: Inside IIM
ISB Hyderabad. Photo courtesy: Inside IIM

ISB aims to compete with the best in the world with a formidable global ranking. It has faculty from across the globe offering unique courses that set apart itself from other schools in India. It has both academic and industry associations which give an advantage to the student who seeks a world class management education in India!

Programmes Offered –

  • PGPM, PGPM (Working Professionals), PGPM (Senior Executives), PGPM (Family Business)
  • FPM and Executive Education

Facilities & Infrastructure –

ISB considers the entire student strength of both campuses in Mohali and Hyderabad as one Class. It has sprawling campuses – Hyderabad (260 acres) and Mohali (70 acres) with fantastic architecture. Since the students are more senior than other Business Schools in India, the facilities are also in accordance.

ISB has several institutes and centres of excellence focusing on becoming think tanks for public policy and corporate India.

How to Apply –

ISB follows the international system of admissions. It considers the GMAT/GRE scores for admissions and applicants have to submit customised applications including SOPs and essays.

Important Dates –

Registrations for 1st Cycle close in mid-October and decision offers are made from November to December, while the 2nd cycle closes in Mid-January and offers are made till March.

Placement Information –

  • Final Placements – Batch of 2016 – Batch Size of 812 across Mohali & Hyderabad
  • Companies Participated – 297 offering 1151 offers
  • Average Salary – Rs. 22.58 Lakhs Per Annum

Buck up now and prepare for joining the Batch of 2020 in the best Business Schools in India!

Comments

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4 COMMENTS

  1. Useful post. Definitely this will give a big relief to MBA colleges other than IIM. It will be more helpful if you add best private and govt business school to this list.

  2. Thanks for Sharing the Information About All B-school in India. But this Articles not included all the private and government college in India. Thanks for the information.
    Keep It Up!

  3. Searching b school for management education itself is a big task. One decision can affect our career a lot. I have also gone through lots of advice on internet and come up with few common suggestions. Your list contains all those colleges. I would also like to add MISB Bocconi here if anyone like me is looking for an International business school in Mumbai. Thanks for above information. Keep posting.

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