Top Private MBA Colleges in India 2021

 

Private Master of Business Administration (MBA) is one of the most admired post-graduate programs in India & abroad. The two-year MBA program acts as a gateway to numerous job & entrepreneurial opportunities. The MBA course provides an understanding of the administration of the business & managing business operations. Students from any background, such as Science, Commerce & Humanities can pursue a Private MBA. Such students should also possess skills such as good communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc. The full-time Private MBA is the trendiest among all and includes theory classes, practical projects, and internships. Fresh graduates, as well as candidates with a few years of work experience, also opt for a full-time Private MBA.

NIRF Ranking in India 

Under the Ministry of HRD, the Government of India - NIRF (National Institutional Ranking Framework) sets ranking for Institutions based on their overall performance in that year. The latest NIRF Ranking was declared online on June 11, 2020. The NIRF MBA Ranking 2020 has been declared after assessing the higher educational institutes on various factors like learning and resources, teaching, research & professional practices, graduation outcomes, outreach, and inclusivity.

 

List of Top Private MBA Colleges in India 2021

Here is a list of top institutions with NIRF Ranking offering MBA programs with guaranteed quality education & learning experience:

· Rank 1: XLRI-Xavier School of Management

· Rank 2: Management Development Institute, [MDI]

· Rank 3: SP Jain Institute of Management and Research, [SPJIMR]

· Rank 4: Symbiosis Institute of Business Management, [SIBM] 

· Rank 5: Great Lakes Institute of Management, [GLIM]

Top Private MBA Colleges in India in Details

1. XLRI-Xavier School of Management: 

Xavier Labour Relation Institute placed in Jamshedpur & established in the year 1949. It ranks 9th in the NIRF Ranking 2020 among prestigious business schools. The university has been one of the most preferred choices for MBA aspirants for a long time. It provides a 100% placement guarantee & also enables students to step into the business world with confidence.

Eligibility Criteria: The candidates interested in getting admission to the XLRI MBA program must have to clear XAT or GMAT exam with a decent score & perform well in the interview rounds. The candidate should also have passed their Bachelor’s degree with a minimum aggregate of 50% from any recognized university. To get enrolled in the program, the candidate must have at least 5 years of relevant experience working in a public, private, or government sector. 

Average Package and Fee Structure: Xavier Labour Relation Institute (XLRI) offers an MBA program with approximately 23, 00,000 INR. The average package shoots to around 22, 00,000 INR with top companies recruiting on-campus from various industries.

2. Management Development Institute, [MDI]: 

Established in the year 1973 as an autonomous institute & located in Gurgaon, Management Development Institute provides various courses in Management. Ranking on 10th by the NIRF Ranking, MDI is one of the pioneers in providing high-quality education in the field of Management studies. It is one of the top B-Schools offering PG programs of Management accredited by the All India Council for Technical Education.

Eligibility Criteria: The candidates interested in getting admission to the MDI MBA program must have clear GMAT, CAT, or MDI Test exam with a good score & perform well in the interview rounds. The candidate should also have passed their Bachelor’s degree with a minimum aggregate of 50% from any recognized university. To get enrolled in the program, the candidate must have at least 5 years of relevant experience working in a public, private, or government sector. Depending on the program chosen, the candidate requirement for having work experience can be decreased up to a minimum of 1 year.

Average Package and Fee Structure: MDI provides an MBA program with approximately 18, 00,000 INR. The average package at the institute shoots to around 20, 00,000 INR after the completion of a PG program.  

3. SP Jain Institute of Management and Research, [SPJIMR]: 

Located in Mumbai & established in 1981, SPJIMR is a well-known university both nationally and internationally. The business school manages to rank 18th among others by NIRF ranking 2020. It implements the latest teaching methods & blends classroom and non-classroom experience for the students. Affiliated to the University of Bombay and approved by the All India Council for Technical Education (AICTE), the university has several international recognitions like The Association of MBAs in the U.K & the Association to Advance Collegiate Schools of Business in the USA. 

Eligibility Criteria: The candidates who are interested in studying PG courses at SPJIMR; must have scored well in entrance exams like XAT, GMAT, or CAT. The candidate must have 3+ years of work experience before applying with an aggregate of 50% minimum in academics and have excellent class 10 and 12 results. 

Average Package and Fee Structure: With top companies hiring students holding a master's degree from SPJIMR, the average package is around 17, 00,000 INR. The course fees for the students can shoot up to 18, 00,000 INR. 

4.  Symbiosis Institute of Business Management, [SIBM]: 

Among the best private MBA colleges in India, Symbiosis Institute of Business Management is a very well-reputed private institute located in Pune with a good status when it comes to quality education. SIBM is a constituent of Symbiosis International University & was recognized in 1978. It is known to promote creativity and entrepreneurship in students. Approved by the University Grant Commission (UGC), it is accredited by National Assessment and Accreditation Council as 'A' Grade & National Institutional Research Framework (NIRF) as well. The NIRF Ranking 2020 positions this business school on 22 among many other well-known universities. 

Eligibility Criteria: The business school conducts its entrance exam known as SNAP. The admission is purely based on this exam along with a minimum aggregate of 50% from any recognized university or institution.

Average Package and Fee Structure: The fee for the PG courses in SIBM is approximately 17, 00,000 INR. The average package shoots up to 15, 00,000 INR.  

5. Great Lakes Institute of Management, [GLIM]: 

GLIM is approved by the All India Council for Technical Education [AICTE] & accredited by the National Board of Accreditation [NBA], South Asian Quality Assurance System [SAQS], and Association of MBAs [AMBA] London, UK, GLIM was recognized in 2004 by Dr. Bala V. Balachandran. The B-school ranks 23rd in the NIRF 2020 ranking list of all the top MBA colleges in India. 

Eligibility Criteria: The students eligible for the Master's program at GLIM must have scored well in either of the following entrance exams - XAT, GMAT, CAT, or CMAT. The other criteria include an aggregate score of 50% in academics along with a minimum of 2 years of work experience in any private, public, or government organization, and also their performance in the interview decide their admission success.

Average Package and Fee Structure: The courses are accessable for both international and national students. The fee for the courses is approximately about 17, 00,000 INR. The average package students receive is 10, 00,000 INR. 

 

MBA Scope

After completing a MBA course, students can choose to work in private, public or government sectors in various numbers of fields listed below: 

 

· Finance –  The Banks, Credit Rating Agencies, Insurance companies, trading and Broking Firms, & many more others.

 

· Marketing – Sales and Marketing departments, advertising agencies, event management companies, & many more others.

 

· Human Resource Management (HRM) – The students are offered roles in HR departments of national & multinational companies, recruitment and training agencies, counselling and career development firms, and many more others.

· Operations Management – Production, Distribution, Logistics Departments, and many others.

 

Top Companies

 

Top Companies Top Companies
Wipro	Vodafone
Axis Bank	IBM
Hindustan Unilever	Hindustan Unilever
Capgemini	TCS
HDFC Bank	Bosch Ltd
Tata Sky	Jindal Steel and Power
HCL	Accenture

 

Salary Package

 

Corporate Associate	Rs 2, 67,451 to Rs 1,071,953
Portfolio Manager	Rs 3,49,077 to Rs 3,031,68
Financial Analyst	Rs 2,06,686 to Rs 935,173
Credit Risk Manager	Rs 4,95,851 to Rs 2,769,011
Executive	Rs 1,43,624 to Rs 469,402
Senior Executive	Rs 162,566 to Rs 605,959