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Top 100 Management Institutes in India & Entrance Tests
The boom in the financial sector has escalated the demand for trained management professionals but this also helped in proliferation of establishment of private business schools without developing proper infrastructure and employing skilled trainers. As a result standards and quality of education imparted to students in private B-schools has deteriorated as evident from the various survey results.This caused less demand from recruiters on campus placements and ultimately closure of large number of sub-standard private schools. As per media reports, many private schools unable to fill all the seats applied to AICTE for grant of permission to close the B-schools. However, revival of B-Schools is again being pursued considering the upward economic growth and demand from financial and business sector.
Reason for linking company's growth to the skilled and trained employees may be traced to the face lift of MBA sector and diversification of fields students skilled at undergraduate levels before entering to MBA studies. Analysis of background skills of a first year batch of MBA clearly reveals that students from almost every field attempt to acquire a MBA degree after obtaining an undergraduate degree. Retail management has dominated earlier but later specialization diversified to e-commerce, health-management, rural development, business etc. New fields emerging for hiring skilled trained staff include aviation, energy, education, human resource management, marketing, project management and supply chain management etc. Hiring needs of the concerned organizations kept changing considering mounting competition in different business sectors.Trends in hiring keep changing based on the growth of the market. A decade ago employers used to hire only specialized graduate than they preferred to specialized graduates with MBA degree. However, trend changed in the recent years and employers selected only graduates specialized in a particular field but again indications show that employers are looking for MBAs with specialization at undergraduate level in diversified fields.
Corporate world requires both leadership as well as professional and management skills to succeed as an individual and management programs offered by the best institutions use a mix of theory, discussions, case studies and project works as a member of a team to train them as a skilled worker. Top institutes offer a broader range of specializations and choosing a specialization among different options can be an extremely difficult task for a student. Keen Interest in a particular field must be the top priority besides considering other factors such as popularity of the course and opportunities available in the market. This may help meet the long-term career goals.Available popular specializations in the MBA sector include HR management, marketing, finance, international business, operations management, retail management, supply chain with operations and information technology. HR management is the popular choice at present and likely to stay for long given the demand for trained skilled professionals in different business sectors. A company can not survive in highly competitive business without support of trained marketing professionals. Companies visit campuses to recruit to hire MBA graduates for different marketing jobs.
Top 100 Management Institutes in India
Several independent agencies are involved in ranking management institutes in India. MHRD launched the National Institutional Ranking Framework (NIRF) to rank Indian Colleges and universities as per their specialization based on a methodology depending on certain parameters. These broadly covered “Teaching, Learning and Resources,” “Research and Professional Practices,” “Graduation Outcomes,” “Outreach and Inclusivity,” and “Perception”. NIRF considered more than 3,300 institutes across 20 parameters for 2017 rankings. Rankings are shown below.
Non-IIM institutes uisng CAT score
Andhra Pradesh: School of Management Studies, University of Hyderabad; GITAM School of International Business; Institute of Management Technology
Chandigarh: Chitkara Business School; University Business School
Gujarat: School of Petroleum Management; Institute of Management, Nirma University; Entrepreneurship Development Institute of India; MICA Sarkhej-Sanand H'way; Institute of Rural Management; Amrut Mody School of Management; Gujarat National Law University
Jharkhand: Xavier Institute of Social Service
Madhya Pradesh: Indian Institute of Information Technology & Management; Indian Institute of Forest Management;
Odisha: Xavier Institute of Management (XIMB); Asian School of Business Management; KIIT School of Management; Birla Institute of Management Technology (BIMTECH);
Tamil Nadu: National Institute of Technology,Tanjore Main Road, Tiruchirappalli; Bharathidasan Institute of Management (BIM), Tiruchirappalli; Institute of Financial Management & Research, Chennai; Great Lakes Institute of Management , Kancheepuram; Loyala Instute Of Business Administration, Loyala College Campus, Sterling Road, Nungambakkam, Chennai; Amrita School of Business, Amrita Vishwa Vidyapeetham, Amritanagar Coimbatore,
West Bengal: International Management Institute, Alipore; Indian Institute of Social Welfare & Business Management (IISWBM), Management House, College Square, West Kolkata; Army Institute of Management, Kolkata Judges Court Road, Alipore, Kolkata; Eastern Institute of Integrated Learning in Management (EIILM),Kolkata,West Bengal; Management Development Institute (MDI) Murshidabad, West Bengal; National Institute of Technology - Durgapur, Durgapur, West Bengal
Assam: Department of Business Administration, Tezpur University, Napaam; Department of Business Administration, Jawaharlal Nehru School of Management Studies, Assam University Silchar
Delhi: Vivekanand Institute of Professional Studies, Technical Campus, Delhi School of Business; Vips-TC, AU Block, Outer Ring-Road, Pitampura; Fore School of Management Adhitam Kendra; Faculty of Management Studies, University of Delhi, University of Delhi (Dept. of Commerce, Financial Studies & Business Economics) Department of Commerce, Delhi School of Economics, University of Delhi; Lal Bahadur Shastri Institute of Management, Dwarka, Lal Bahadur Shastri Institute of Management, Dwarka, New Delhi
Haryana: BML Munjal University, Gurgaon; Management Development Institute (MDI), Gurgaon;
Karnataka: Kirloskar Institute of Advanced Management Studies, Yantrapur, Harihar, ISBR Business School, Bangalore; National School Of Business, JP Nagar, Bangalore. International School Of Management Excellence Survey No. 88, Chembuna Hall, Nr. Dommasandra Circle, Sarjapur Road, Bangalore; T.A. Pai Management Institute (TAPMI)PB No. 9,Manipal, GIBS Business School , Krishna Arcade, Opp. Chaitanya Techno School, Hulimavu, Bannerghatta Road, Pai Layout, Bangalore; Adarsh Institute of Management and Information Technology, Devanathachar Street, Chamraj Pet, Bangalore; Myra School of Business Nr. Infosys, Opp. Power Grid, Yelwal, Mysore, Indus Business Academy, IBA campus, Kankapura Main Rd Bengaluru, Indian Institute of Science, Bangalore; CMS Business School (Jain University), Bangalore; National Institute of Technology, Karnataka, Surathkal, Mangalore; Institute of Finance & International Management (IFIM), Bangalore; Karnataka, Alliance UniversityChikkahagade Cross, Chandapura-Anekal Main Road, Anekal, Bangalore; Prin L.N. Welingkar Institute of Management Development & Research, (Bangalore); AIMS Institute of Higher Education (AIMS Institutes), Bangalore;
Maharashtra: Institute Of Management Technology, Nagpur; National Institute Of Bank Management, Pune; Institute For Technology And Management, Institutional Area, Navi Mumbai; Balaji Institute of International Business (BIIB), Pune; Flame School of Business, Pune; Balaji Institute of Telecom & Management (BITM), Pune; Balaji Institute of Modern Management (BIMM), Pune; S P Jain Institute of Management & Research, Andheri (W); Mumbai, Balaji Institute of Management & Human Resource Development (BIMHRD), Pune; Indian Institute of Cost and Management studies & Research, Pune; Prin L.N. Welingkar Institute of Management Development & Research (Mumbai)
Mumbai; K J Somaiya Institute of Management Studies & Research, Vidyanagar, Mumbai, National Institute of Industrial Engineering (NITIE), Mumbai,Maharashtra, National Insurance Academy Pune;Maharashtra, Shailesh J Mehta School of Management, IIT Bombay, Powai Mumbai
Punjab: LM Thapar School of Management, Thapar University, University Business School, Ludhiana
Telangana: Hyderabad School of Business Management, Vignana Jyothi Institute of Management, Bachupally; Siva Sivani Institute of Management, Secunderabad, Institute of Public Enterprise, Hyderabad
Bihar: Development Management Institute, DNS-RICM Campus,Shastrinagar; Chandragupt Institute of Management Patna (CIMP), CIMP Nagar, Mithapur Institutional Area, Patna,
Goa: Goa Institute of Management, Sanquelim Campus, Poriem Sattari,Panaji, Goa
J & K: The Business School, Jammu University of Jammu,Jammu Tawi, Jammu & Kashmir
Kerala: Rajagiri Business School, Rajagiri Valley, P.O. Kakkanad, Kochi,Kerala
New Delhi: Fortune Institute Of International Business, New Delhi;
International Management Institute, Qutab Institutional Area, New Delhi; Asia-Pacific Institute of Management, New Delhi; Apeejay School of Management, Dwarka Institutional Area, New Delhi; New Delhi Institute of Management, New Delhi
Entrance Examinations: Common Admission Test (CAT):
Responsibility for conducting CAT is assigned to any of the Indian Institute of Management that conducts using computer based mode of test sometimes in the November and arranges to declare the results during January. Online forms become available during first week of October and candidates are asked to fill these forms by the end of September. IIMs, India’s premier national institutes, provide quality education in management and research and their flagship program is the two year post graduate residential diploma popularly known as Master of Business Administration (MBA). The Executive Post Graduate programs are offered for working professionals. A rigorous selection process comprising of Group Discussions, Written Ability Test, Personal Interview and scores in the Common Admission Test (CAT) is conducted by the IIMs to evaluate and shortlist candidates for the post graduate program.Reservations are based in IIMs as per government norms and 15% seats for SC candidates, 7.5% seats for ST candidates and 27% seats for NC-OBC candidates and 3% seats are reserved for Persons with Disabilities.Information related to CAT and participating institutions are available on all IIM sites listed below.
IIM Ahmedabad, IIM Amritsar, IIM Bangalore, IIM Bodh Gaya, IIM Calcutta, IIM Indore, IIM Kashipur, IIM Kozhikode, IIM Lucknow, IIM Nagpur , IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Sambalpur, RGIIM Shillong, IIM Sirmaur, IIM Tiruchirappalli, IIM Udaipur and IIM Visakhapatnam. In addition to the above institutes, a list of state-wise institutions using CAT score for admission is provided in the right side bar.
Candidates appearing for the final bachelor's degree or equivalent qualification examination may appear in the common admission test but need to produce original certificate, on being shortlisted after qualifying the examination, from the head of the institution showing to achieve 50% marks or equivalent (45% in case of the candidates belonging to SC, ST, and DA category) based on latest available grades/marks. Each IIM will issue interview letters to the short listed candidates directly based on their own criteria (varying from institute to institute). Each IIM shortlists candidates for second stage of selection defining their own criteria and adopting different approaches that may include Written Ability Test (WAT), Group Discussions (GD) and Personal Interviews (PI).
Besides the performance in CAT examination, IIMs may even use previous academic performance of the candidates, relevant work experience and other similar inputs in short listing and ranking of candidates. All the IIMs may not necessarily use the similar academic cut-offs and the weights allocated to the evaluation parameters.
Management Aptitude Test (MAT)
MAT is carried out by All India Management Association (AIMA) four times (Feb, May, Sept and Dec) in a year using both types of popular examination formats (Paper/Computer based) since 1988 to facilitate Business Schools (B-Schools) to screen candidates for admission to MBA and allied programs. MAT score is considered by 600 or more B-Schools across India.Graduates in any discipline or students in the final year of Graduate Courses can apply for the MAT examination. It costs about Rs 1200/- for the general category candidates to appear in the examination. List of region wise institutes accepting MAT score is available here. Candidates willing to appear in the MAT examination may easily find information on every aspect of MAT googling the information on the net.
Graduate Management Aptitude Test (GMAT)
GMAT is a computer based online test conducted by Graduate Management Admission Council (GMAC), a global non-profit organization comprised of leading graduate business schools and candidates can take the examination once in a month. Results are immediately available with detailed reports. GMAT score is accepted by more than 6,000 graduate business school programs worldwide.GMAC is the owner and administrator of the GMAT® exam, the first and only standardized test specifically designed for graduate business and management programs. The GMAT exam is accepted at more than 6,000 programs around the world and administered at more than 600 test centers in 114 countries. It is the most widely used assessment for graduate management admissions and meets the needs of management schools, and current and prospective students through a wide array of products, services, and programs designed to open doors for students, professionals, and graduate management programs worldwide. The tools available at GMAT site are useful in finding and comparing schools, help planning for a business school and buy study materials for prpearation of GMAT tests.
Common Management Admission Test (CMAT)
CMAT is also an online computer based test that was being organized twice in a year by All India Technical Education (AICTE). However, the CMAT exam will be conducted only once a year on 3rd Sunday of January from academic year 2016-17 onwards. The CMAT-2016 will be conducted on 17th January 2016.There will be four sections in the test including following sections:
(a) Quantitative Techniques & Data Interpretation
b) Logical Reasoning
c) Language Comprehension and
d) General Awareness
Each section will have 25 questions and duration of the test would be three hours. There will be negative marking for wrong answers and 1 mark will be deducted for each wrong answer whereas 4 marks will be awarded for each correct answer. General / OBC candidates have to pay Rs.1400 and female /SC/ST/PWD category candidates will pay Rs.700 as examination fee for appearing in the examination. CMAT score is accepted by all AICTE approved Institutes / Departments / Constituent Colleges / Affiliated Colleges of Universities and there is no sectional cut off in the CMAT examination.
Symbiosis National Aptitude (SNAP) Test
SNAP is considered as a very high standard test considering its applicability as an entry gate to the diversified fields of studies being covered under Symbiosis International University. Test is being conducted under the aegis of ISU since 2007 for candidates aspiring to join MBA programs offered by institutes of Symbiosis International University. There is a common, mandatory Symbiosis National Aptitude (SNAP) Test and all the aspirants first have to register for SNAP Test and then they have to register with the institutes offering program of choice by paying separate institution registration fees. After getting shortlisted, candidates would then have to attend the GE-PIWAT process conducted by each of these institutes.
SNAP is conducted for admission to following Symbiosis Institutes
Indian Institute of Foreign Trade (IIFT)
The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research. The Institute visualises its role as:
- A catalyst for new ideas, concepts and skills for the internationalisation of the Indian economy.
- The primary provider of training and research-based consultancy in the areas of international business, for the corporate sector, Government and the student community, at large.
- An institution with proven capability to continuously upgrade its knowledge base with a view to meet the requirements of the Government, trade and industry through both sponsored and non-sponsored research and consultancy assignments.
The Institute's portfolio of long-term programs is diverse, catering to the requirements of aspiring International Business executives and mid-career professionals alike. These are
- Two-year MBA (International Business), New Delhi, Kolkata, and Dar-es-Salaam
- Three-year MBA (International Business) (Part-Time), New Delhi and Kolkata
- Executive Masters in International Business, New Delhi (18 months)
- Certificate Programme in Export Management, New Delhi (4 months)