MBA has been picking up the lime in the past few decades. Students have been creaming up the best salary package from the market after getting an MBA degree. Therefore, it is important to know what are the top private MBA colleges in India in 2022 where you can apply to get a golden egg for yourself. Many students look for some income from online sources through blogging whereas several opt for higher education.
Why do you need an MBA?
Many come with a belief that MBA helps to get a higher salary package and better opportunities in progressing their career graph. Regardless of your business or area of professional specialization, an MBA may help you succeed. However, considering the time and financial investment, some people may ask if an MBA is worthwhile. An MBA can assist people who want to work in management positions, with financial institutions, or as entrepreneurs develop the leadership qualities needed to thrive in these fields.
In terms of Salary packages, for students graduating from top private MBA Colleges in India, the students tend to receive a package ranging from 11 LPA to 20 LPA. MBA students’ all-around development throughout their stay at a business school makes them a very appealing prospect for organizations looking for talent with acute business acumen and leadership qualities to help drive future growth.
MBA graduates from top private MBA colleges in India work in a variety of fields, including healthcare and finance. With so many employment opportunities available following an MBA, students may find it difficult to narrow down their desired roles. Furthermore, knowing what you want to do after your MBA might help you narrow down your options for business schools and MBA specializations. To assist you, we’ve compiled a list of the most popular MBA jobs in India in the hopes of making your selection easier.
LetsSayYes reveals a selected list of top private MBA colleges in India where one can definitely make a successful career. So, let us start with the top 10 List.
Top private MBA Colleges in India
1. XLRI Colleges
Xavier’s School of Management is a private college managed by the Society of Jesus in Jamshedpur. Established in 1949, this college is among the oldest business school in India. This college offers 2 year PGDM course in Business Management. The course curriculum is designed to foster knowledge as well as attitude to conquer the business world and emerge as a good leader.
Admission: XLRI admission procedure starts in the month of August. However, after the pandemic COVID 19, the admission bulletin may come a month before/ after. Interested candidates need to register for an online exam XAT, conducted all across India. There is a seating capacity of 180 students for 2 year PGDM Course. They also accept GMAT Scores. Click here to learn more about XLRI.
Cut off Score: The recent cut off score shared by. the Institute has been overall 94 for male students and 92 for female students.
Fee Structure: A PGDM course for Business management as well as Human Resource Management in this College charges a fee of Rs. 20.60 lacs.
2. Indian School of Business (ISB)
Based in Hyderabad, ISB is another top private MBA college in India. It offers PGP, EEO, and YLP programs based on the previous history of work experience. Postgraduate programs select a candidate based on their CAT/ GMAT scores and 12th std. percentage. The selection criteria also focus on leadership potential and personal qualities in a student. Early Entry Option, another program, for working professionals. ISB offers several MBA programs for family businesses, and senior executives too. This institute offers a one-year course PGDM course. Click here for the official website.
Fee Structure: The fee structure is a littlest higher. its stands at Rs. 34.10 lacs. ISB accepts an average GMAT score of 710 and 311 in GRE.
3. Management Development Institute
Established in 1973, It is one of the premier institutions while putting in the list f top private MBA colleges in India. it was established by the Industrial Finance Corporation of India in Gurgaon. It has been a harbinger of the best opportunities in India and has remained a top choice among students. This college offers PGPM and PGP-HR courses to the students with summer placements and final placements offers. View the website here.
Cut off Score: Students need to get a score of around 93%tile to 95%tile in CAT to reserve a seat in MDI.
Fee Structure: With a limited seat of 60 per year, the institute demands a total of Rs 21.36 lacs fee for the course.
4. S.P. Jain Institute of Management & Research
Often shortened as SPJIMR, It is a nonprofit top private MBA college in India, established under the reign of Bhartiya Vidya Bhawan in 1981. View the complete site here. SP Jain accepts admission in various courses such as PGPM Finance, PGDM, PGPFMB, and PGDM.
Cut off: This Institute is one of the top private MBA colleges in India. In the year 2020, the cut-off score accepted was 92 percentile. However, the minimum score for the qualifying exam is 85 percentile. This can vary on the yearly results.
Fee Structure: The cost of education at S P Jain college falls under the range of 20 lacs. It is 18 lacs to be precise including residence, tuition fees, and other development charges.
5. Symbiosis Institute of Business Management
Symbiosis Institute of Business Management, Pune falls under the private deemed university with more than 30 colleges spread across Pune, Bangalore, Hyderabad, Nashik, Nagpur, Noida, and Indore. This college organizes its own set of entrance tests based on a similar pattern as CAT. Known as SNAP, Symbiosis institute conducts this exam in the month of January to February.
Cut off score: A minimum score of 96 percentile is a must to get an entry to any of the campuses at Symbiosis University.
Fee Structure: SIBM Pune charges approx. Rs. 10- 12 lacs for the entire course.
6. NMIMS, Mumbai
Narsee Monjee Institute of Management Studies was established in 1981, with a vision of providing the best quality MBA education in that era to meet the demand for a professional degree. Today, NMIMS has become a brand when it comes to the education and placements of students. The institute offers a two-year degree program MBA including a Summer internship and guaranteed placements. Another top private MBA colleges in India, NMIMS is gaining affection among students.
Cut off Score: Cut off scores for various campuses may vary. overall it ranges from 85 to 95b percentile with the Mumbai campus topping the list.
Fee Structure: NMIMS states an average salary package of Rs. 18.409 LPA charges its students an amount of Rs. 10.80 for the MBA course. However, there are other courses available too.
Conclusion – Top Private MBA Colleges in India
In the above-mentioned list of 6 top private MBA colleges in India, Students can select any of their dream colleges, study hard to get into any one of these and hope for the best placements. Every MBA student looks for better ROI, so not only does it only a great role in taking admission to a college but also works hard throughout in order to land a higher salary job.