After offering a list of private colleges, LetsSayYes presents a list of government MBA Colleges in India in 2022. These two blogs are scripted to throw some light on admission procedures, cut-off scores, fee structure, and other necessary details that can help students to get some clarity. There are already huge debates among students to choose between private or government colleges. Today, private colleges also provide equally well education with a brand name and a good placement that is at par with that of government MBA colleges in India.
Benefits of getting a degree from government MBA Colleges in India
A few decades old-established Government MBA Colleges in India hold prestigious value in your resume which is why they are often sought after by the majority of MBA Aspirants across the whole country. A pass out of IIM always carries the tag across their heart all along with their life. That is what adds value if you plan to do your MBA from a government college.
So let’s quickly what are the top 8 government MBA Colleges in India and their specifics.
6 Best Government MBA Colleges in India
1) IIM Colleges
There are 20 IIMs in India. IIM Ahmedabad is at the top of the Indian MBA Institutes.
The IIMs are not only India’s top ranked management institutes in numerous rankings and polls, but they are also designated by the government as Institutions of National Importance. In India, there are 20 IIMs that provide MBA, PGP, PGDM, and Executive MBA. The oldest IIMs in India are IIM Ahmedabad and IIM Calcutta. They were both founded in 1961. IIM Bangalore was founded in 1973, 12 years later. There were fourteen IIMs founded between 2008 and 2016.
Admission to the IIMs’ MBA/PGP programs is competitive and takes place through the CAT exam. However, all the IIMs hold equivalent brand value, there is an extra value for older IIMs such as Ahmedabad, Bangalore, Calcutta, Kozhikode, Indore, and Lucknow.
Cut off Score: An Average of 90- 95 percentile across all IIMs for the general category students. However, the top IIMs close the call at 99percentile.
Fee Structure: IIM offers MBA Executive programs for two years. All the top IIMs charge the course fees at 23 lacs whereas IIM Trichy and Sirmaur have fees ranging from Rs.11 to 16 lacs.
IIMs are spread around the country and offer the best pedagogy, faculty, facilities, and training.
These universities are also noted for their high-paying placement prospects in both the private and public sectors.
Six of the 20 IIMs are ranked among the top ten management institutes in India by the NIRF-MHRD.
The IIMs in Ahmedabad, Bangalore, and Calcutta are among the top 50 management schools in the world.
Admission to IIMs’ PGP/MBA programs is determined by the CAT test result, the Written Ability Test (WAT), the Group Discussion (GD), and the Personal Interview (PI).
2) Faculty of Management Studies
FMS or Faculty of Management Studies, Delhi is another government MBA Colleges in India. It has the lowest fee structure among other colleges. Postgraduate and doctorate programs are available at FMS Delhi. The institute provides a total of four courses. The University of Delhi’s Faculty of Management Studies offers full-time programmes. The institute offers M.B.A., Executive M.B.A., Executive M.B.A. Healthcare Administration, and Ph.D. Management programmes.
The training might last anywhere between two and six years. To enrol in FMS Delhi courses, you must first meet the qualifying requirements. Candidates can only proceed with the FMS Delhi admission procedure after satisfying the qualifying criterion. Minimum qualifying grades in graduation are required for admission to the FMS Delhi PG program. For admission to M.B.A. and Ph.D. In management programs, candidates must additionally take the Common Admission Test (CAT).
Fee Structure: An MBA course has a fee of approx. Rs. 30,000 whereas MBA Executive programs charge their students Rs. 1,00,000. Click here to get to the college’s official website.
Cut off Score: 90-95 percentile score in CAT as well as 50 % in graduation
3)Jamnalal Bajaj Institute of Management Studies, JBIMS
Jamnalal Bajaj Institute of Management Studies, Mumbai, was founded in 1965 and is notable for producing leaders who have gradually shaped India’s economic climate. JBIMS is an autonomous private business school associated with the University of Mumbai, located in the heart of the country’s financial metropolis. Masters in Management Studies (MMS), Master in Human Resource Development (MHRD), and Masters in Finance are all two-year full-time master’s degree programmes offered by the B-school (MSc Finance).
Part-time MMS courses in Master of Marketing Management (MMM), Master of Financial Management (MFM), Master of Human Resource Development Management (MHRDM), and Master of Information Management are also available at the school (MIM).
Select students have access to restricted residential and accommodation options within the campus. The Jamnalal Bajaj Institute of Management Studies in Mumbai has large, well-connected classrooms with Wi-Fi. There are air-conditioned buildings on campus. Students at JBIMS in Mumbai have access to sports facilities. The library of Mumbai’s Jamnalal Bajaj Institute of Management Studies houses about 40,000 books as well as hundreds of periodicals and publications.
Fee Structure: JBIMS offers MBA/PGDM courses for a duration of 2-3 years in various subjects. SO, the fee structure ranges from 1.5 to 7 lacs.
Cut off Score: 95 percentile for CAT and 95.37 percentile for MH-CET exam. Click here for the official site.
4) Indian Institute of Foreign Trade, IIFT
The Indian Facility of Foreign Trade (IIFT) is a civil service training institute in New Delhi, India, that trains members of the Group ‘A’ Gazetted cadre, popularly known as the Indian Trade Service cadre. In the year 1963, the Indian government sanctioned it as government MBA Colleges in India. It was established with a view as a Centre of Excellence in International Trade and Business. It will be an autonomous educational institute under the Ministry of Commerce and Industry as of 2021. It received the tag of Deemed University in the year 2002.
In 2005 and 2015, the National Assessment and Accreditation Council (NAAC) designated IIFT as a Grade ‘A’ Institution. The MBA (International Business) program is entirely residential. A common area with a television and table tennis table is available in the hostels.
fee Structure: It Charges a fee of Rs. 17- 18lcs for the two-year course.
Cut off Score: IIFT conducts its own set of exams in which general candidates need to score 115 to 118 to get admission.
5) MSU Baroda
The Maharaja Sayajirao University of Baroda, Vadodara is the full name of MSUB. Gujarat is where the university is located. The University Grants Commission has recognized MSUB Vadodara. In the NIRF Ranking 2021, the university was placed 117th in the engineering category up from 116th in the engineering category in 2020.
The Maharaja Sayajirao University of Baroda was placed 24th in the pharmacy sector in the NIRF Rankings of 2021, with an overall score of 53.33. The university was placed 14th in the NIRF 2020 Rankings. The institution was placed 90th in the university category in the NIRF Rankings of 2021. The university has received NAAC accreditation and an ‘A’ rating.
Fee Structure: Rs. 30,000 for two year course.
Cut off Score: A CMAT Score of 270 is all it takes to have a seat at MSU.
Indira Gandhi National Open University is the last on this list of government MBA Colleges in India. This university offers students from any age group and encourages them to pursue as well as complete their education irrespective of age. An AICTE Approved two years course is similar to any other degree college.
Fee structure: Rs. 58,000 for four semesters. Students need to pay in advance s before the session has begun.
Eligibility for admission: 50 % in the undergraduate course with a minimum of 3 years.
Since all major government MBA colleges in India have been listed in this blog. Carefully go through each one of them and make a decision accordingly. All the best for preparation and as well as selecting the right college for you.