Best 10 Top MBA colleges in India
Adding to my last hub on Top 10 MBA colleges in the World, here is a list of Best 10 Top MBA colleges in India 2010. MBA degree have the most sought out education for fresh as well as experienced graduates in India. As the number of MNCs have increased many fold in IT, ITES and research, there have been a growing demand of managers from reputed institutes. India have come a long way from days when Indian have to always look for US or Europe to get MBA educations. In last 10 years the standard of education have improved drastically and image of Indian education have gone much higher. There has been a huge increase in foreign students enrolling for Indian premier MBA colleges.
So here goes the list of top Best 10 Top MBA colleges in the India 2010.
1. Indian School of Business ISB Hyderabad
ISB Hyderabad have become the global face of Indian MBA education. ISB was founded by some best minds in Indian Corporates and Education in 2000. In less than 10 years of its foundation, ISB have become the front runner in providing world class MBA courses in India. Even though its fees is bit higher than other B Schools in India, ISB Hyderabad is a not for profit organisation.
As per ISB, its vision is 'Our vision is to be an internationally top-ranked*, research-driven, independent management institution that grooms future leaders for India and the world.'
Average Internation Salary
Average Domestic Salary
ISB have some of the most highly qualified faculties in their campus most of which have doctorate degree. Most of the faculty in ISB are visiting faculty from various B schools in US, Europe and Australia. Some of them are also from various corporate houses.
Some of the distinct program offered by ISB are:
- Full Time Post Graduate Programme In Management.
- Post Doctoral Research Fellowship Programme.
- Executive Programmes.
Apart from these many certificate programs are also available. For more details, check the school website.
2, Indian Institute of Management, IIM Ahmadabad
IIM Ahmadabad have been one of the most premier management institute in India for a long time. IIM-A was the first of all IIMs established in 1961 by great Indian scientist and legend Dr. Vikram Sarabhai as an autonomous body with some collaboration of Indian Government.
It has been ranked top among all the 7 IIMs since then. It had initial with Harvard University which helped it evolve in a world class business school.
As per IIM A, its mission is 'A globally respected institute that shapes management practices in India and abroad by creating new frontiers and developing ethical, dependable, entrepreneurial, and socially sensitive leader-managers committed to excellence.'
IIM A is celebrating it 50th year of establishment and success.
Average Internation Salary
Average Domestic Salary
IIM A faculty comes from both public and private domain and a large number of visiting personnel from various corporate houses. Some of these faculty members are part of various policy maker organizations and corporate boards.
Some of the distinct programs offered by IIM A are:
• Two-year Post-Graduate Programme in Management (equivalent to MBA)
• Two-year Post-Graduate Programme in Agri-business Management (equivalent to MBA)
• Fellow Programme in Management (equivalent to Ph.D.)
• One-year Post-Graduate Programme in Management for Executives (PGPX, equivalent to MBA)
• One-year Post-Graduate Programme in Management in Public Management and Policy (PGP-PMP, equivalent to MBA)
• Faculty Development Programme for Teachers in Universities and Colleges
3. Indian Institute of management IIM Banglore
Indian Institute of Management IIM Bangalore was the third IIM to be set up after IIM Ahmadabad and IIM Calcutta. IIM B was established in 1973 mainly to cater to public sector as the previous two IIMs were bent towards the private sector.
IIM B has a great advantage of being located in India's biggest silicon valley. The institute have collaboration with INSEAD and offer an exclusive International Masters Program in Practicing Management (IMPM).
As per IIM B, its mission is 'IIM Bangalore aims at augmenting the management resource of nation through program of teaching, research, training, consultancy and other professional services.'
IIM Bangalore didn't disclose their average salary this year. Other IIM to do same was IIM Lucknow. However it was very evident from various sources that there was an average hike of 10-15% as compared to last year offered salaries. Average package of IIM B was also similar to IIM A.One new phenomena which came to picture this year in IIM's placement was the large number of PSU participating in the recruitment process.
Like other IIMS, faculty for IIMB also comes from various public and private domain. Most of the faculty member are having doctorate degree. Like IIM A , IIM B also have various visiting faculties from various corporate and PSUs giving lectures in its class rooms.
Some of the distinct programs offered by IIM Bangalore are:
- Post Graduate Programme in Management (PGP)
- Post Graduate Programme in Software Enterprise Management (PGPSEM)
- Post Graduate Programme in Public Policy Management (PGPPPM)
- Executive Post Graduate Programme in Management (EPGP)
- Fellowship Programme in Management (FPM)
Apart from the above PG and doctoral programmes, IIM B also offers various executive courses which ranges from 2 days to 1 year. For more details, please check the school website.
4. Indian Institute of Management IIM Calcutta
IIM Calcutta was the oldest IIM established in 1961 by government on India with collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and various Indian industries.
IIMB campus is spread in 135 acres of land and comprise of many faculty and administrative blocks. IIMC no works as a autonomous body and like other IIM's offers various Post graduate and executive courses.
Like IIM A, IIM C is also celebrating its golder jubilee this year.
Average Domestic Salary
Average International Salary
Data not Available
USD 86, 7851
Like IIM A & B, IIM Calcutta have also a mixture for Faculty from public and private sector who are one of the finest in Asia. Institute have around 70 residing faculty apart from various visiting personalities on its campus. Most of the faculty member have doctorate degree.
Some of the distinct courses offered by IIM Calcutta are:
- Post Graduate Program in Management
- Post Graduate Diploma in Computer Aided Management
- Post Graduate Program for Executives
- Post Graduate Diploma in Business Management
- Fellow Program in Management
Apart from these courses, IIM C also offers some executive programmes. Please check the school website for more details.
5. Falucty of management Studies FMS Delhi
Faculty of Management Studies FMS Delhi is situated in the North Campus of University of Delhi. It was established in 1954 and was the first business school in India to offer full time MBA programme. It has been regularly been featured among the list of Top business schools in India and a very string alumni network.
As per FMS, its mission statement is 'Academic excellence and leadership in university based management education in India through high quality teaching, research, case development, innovative courses and pedagogy of learning'
FMS placement 2010
Number of offers
Total Number of candidates
Average domestic salary
FMS faculty are few of the most qualified faculty in University of Delhi. Its include a rich mix of in house and visiting members from various government and private sector personalities. Professor Kuriakose Mamkoottam is the dean of the business school.
Some of the distinct courses offered by FMS Delhi are:
- MBA Full Time
- MBA Part Time
- MBA -MS Full Time
- MBA HCA Part Time
- Management Development
- Doctoral Programme
6. Indian Institute of Management IIM Lucknow
Situated in cultural city of Lucknow, Indian Institute of Management IIM Lucknow was established by Government of India in 1984. It is first of the IIMs to have more than one campus at different location. The second campus for IIM Lucknow is in Noida which is mainly for executive education and part time courses.
IIM Lucknow campus is spread in an area for 185 acres and is about 21 Km from the Lucknow railway station.
As per IIM Lucknow, its mission is 'Is to be a global, socially conscious and integrated school of management, towards management development, both in India and abroad.'
Average Salary for IIM Lucknow:
As IIM - B, IIM Lucknow also didn't disclose salaries and placement details for 2010. However from different sources it was evident that average salaries in IIM Lucknow for 2010 was around INR 11-12 lacs for domestic and USD 90,000 for international placements. IIM L student offers for most of its 22o student which appeared in final placements. Total offered salary rise was in the range of 20-25%.
Some of the distinct courses offered by IIM Lucknow:
- Post Praduate Programme in Management PGPM
- Post Graduate Programme in Agribusiness Management PGP ABM
- International Programme in Management for Executives IPMEX
- Part time PGPM
- Fellowship Programme in Management FPM
7. XLRI Jamshedpur School of Business and Human Resources
XLRI Jamshedpur was established in 1949 by Fr Quinn Enright in Jamshedpur which is also known as Steel city of India. Since then XLRI has been one of the most premier business school in India.
Xavier Labour Relations Institute, known as XLRI has its mission stated as 'To contributed its best to the professional growth and management of innumerable institutions that's serve the public especially organized industry, labour, service agencies engaged in rural development, education, health and other public systems'.
XLRI has two campus, one in Jamshedput and other in Singapore.
XLRI Placement 2010:
XLRI was back to its good old days of placement after last year slump where average domestic salary was in the bracket of INR 14 lacs per year. Major companies which offered jobs to XLRI students were Accenture, IBM, HCL, HP, Mahindra Satyam, Tech Mahindra, Wipro, TCS, Mind Tree, SAP, Future Group, Apollo Hospitals, Infosys, AppLabs, Axis Bank, Exide, Genpact, and Tata Motors.
Address and Contact details for XLRI Jamshedpur:
Circuit House Area (East)
Jamshedpur 831 035 Jharkhand - India Tel: +91-657-398 3333 Fax: +91-657-222 7814 Website: www.xlri.ac.in Email: firstname.lastname@example.org XLRI Singapore Image International[S]Pte Ltd 167, Jalan Bukit Merah #07-11, Connection ONE Singapore 150167. Ph: 6272 0785 Fax: 6272 0750
Some of the distinct courses offered by XLRI are:
Business Management BM
- General Management Programme GMP
- Executive Management Programme for Defense Personnel
- Fellow Programme in Management
- Executive Fellow Programme in Management ExeFPM
- International and Corporate programme
- Management development Programme MDP
8. Management development Institute MDI Gurgaon
Management Development Institute MDI Gurgaon is among the most prominent MBA school in Nothrern India. MDI campus is spread in 37 acres of lush green area which also includes a 6 hole golf course. It has constantly figured in top 10 MBA colleges list in India for last 10 years.
As per MDI director, V. K. Gupta, MDI's aim is to incorporate the world’s best academic practices into all our programmes, namely our management and executive programmes, as also our training programs for the Top Management of the corporate world.
MDI Average Salary 2010:
For PGPM, Average domestic salary for 2010 was INR 10.43 lacs where as highest salary was INR 18.53 lacs. Biggest recruiter for PGPM student was ICICI bank.
For PGHR, the highest domestic salary is INR 16.9 lacs and the average salary is INR 11.48 lacs. Biggest recruiter were Cognizant and SBI.
For PGPIM highest domestic salary was INR 11.83 lacs and the average salary is Rs. 9.8lacs. Biggest recruiter was Cognizant.
Some of the distinct courses offered by MDI gurgoan are:
- Post Graduate programme in management
- Post Graduate programme in HR
- National management programme
- Part time post graduate programme in Management
- Fellowship programme in management
- Executive PGPM
- PGP in International management
9. SP Jain Institute of Management and Research
SP Jain Institute of Management and Research is one of the most premier institute for management studies in India. Its has a great location advantage of being present in the heart of Mumbai. SP Jain have also started its international campus in Dubai and Singapore. Apart from that it have a partnership with New South Wales's Australian school of Business.
Its mission is to be a globally recognised institute with concurrent presence in socially relevant segments of Indian society.
SP Jain Institute of Management Average salary 2010
The final round of placement of SP Jain just completed in Dec and the actual figures are not available, how ever it is evident from various sources that average domestic salary was in the range of INR 10 lacs per annum. For lateral student, average hike was around 50% compared to last salary drawn.
Some of the distinct courses offered by SP Jain are:
- Post Graduate Diploma in Management 2 years
- Post graduate proramme in Mnagement 11 months
- Post Graduate executive management programme
Apart from this, SP jain also offers various othe MBA and executive programs from its Singapore, Dubai and Australia centers.
10. Jamna Lal Bajaj Institute of Management Studies, JBIMS Mumbai
JBIMS Mumbai is one of the oldest business school in India. Founded in 1965, it was established by University of Mumbai in collaboration with Stanford School of Business, Stanford University.
Since its foundation, JBIMS have been regularly featured in top MBA school in India list. The full time Master of Management Studies is the flagship course of JBIMS.
JBIMS campus is based in the south Mumbai which is the heart of Indian business establishment. Due to its proximity with Nariman point, JBIMS has been successful in partnering with the topmost business companies.
JBIMS Average salary 2010:
No. Of Participating companies
Average salary (INR)
Highest salary (INR)
Some of the distinct courses offered by JBIMS Mumbai are:
- MBA full time 2 years (Master of Management Studies)
- MBA Part time
- Doctoral programme
Apart from that, JBIMS also provides some short term certificates programmes as well.
So here I completes the list of Best Top 10 MBA colleges in India. If you have any suggestions or comments, please use the comment section below. If you want to contact me, you can reach me at email@example.com .
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