Admission to the Indian Institute of Management (IIM) is considered the Holy Grail for people looking to pursue a degree in management. One of the top educational institutions in India, IIMs are known for providing a plethora of growth opportunities to their students. However, with competition for places soaring, not everyone might be able to make the cut. Many other MBA colleges in India offer quality education apart from the IIMs to which one can apply.
In the same vein, we shall be discussing the 5 best private MBA colleges in India that you can enroll in if you’re unable to get into the IIMs.
1. XLRI – Xavier School of Management, Jamshedpur
Offering courses such as a PGDM in Business Management, HR Management, and an Executive FPM, XLRI is considered one of India’s best private MBA colleges for postgraduates. Apart from the AICTE, it has been accredited by the NBA, AMBA, and AACSB.
Known to be one of the best MBA colleges in India for HR Management studies, XLRI provides proactive placement support for students. Companies such as ITC, TCS, Axis Bank, and JP Morgan Chase regularly hire partners and frequently visit the campus for placements.
Candidates seeking admission must appear for the XAT Entrance exam first.
2. Indian School of Business, Hyderabad
Counted among the top MBA colleges in India, the Indian School of Business Hyderabad was established in 2001 & currently has two parallel campuses in Mohali and Hyderabad offering a variety of courses across different levels such as postgraduate, advanced management, and executive education programs.
ISB has emerged as one of the best MBA colleges globally, with many international applications exceeding the domestic ones. Affiliated to the AICTE, it also boasts a triple accreditation from AMBA, EQUIS, and AACSB.
However, you should have completed your graduation to be eligible for admission.
3. Management Development Institute, Gurgaon
Third, on the list of top MBA colleges in India is MDI Gurgaon – an autonomous private institution offering specialized postgraduate courses in HR and International Business & Business Management. It is spread across 37 acres and is also the first Indian B-school to receive accreditation from AMBA & SAQs in 2006.
With 65+ strategic partnerships globally, MDI Gurgaon has only bolstered its position among the best MBA colleges in India for students to gain industry knowledge using a mix of academia and hands-on practice.
4. S.P. Jain Institute of Management and Research, Mumbai
SPJIMR is among the top educational institutions in Mumbai for aspiring management professionals. Part of the Bhartiya Vidya Bhavan, SPJIMR is a privately held, autonomous entity that has consistently ranked among India’s top 10 MBA colleges over the last few years.
Offering postgraduate courses in Finance, Marketing Management, Operations, and Supply Chain Management, it has more than 53 full-time and over 20 adjunct faculty members. The teaching staff is highly experienced and has played a vital role in helping SPJIMR become one of the best MBA colleges in India for management-related education.
5. Narsee Monjee Institute of Management Studies, Mumbai
Ranked 24th in the list of top MBA colleges in India, NMIMS offers specialized management courses in Digital Transformation, Business Analytics, Banking, and Financial Services. It has been at the forefront of providing value-based education to students for some time and is a leading management research institution.
The flexibility to choose between a full-time/Executive MBA and a variety of Diploma and Certificate programs is a bonus for students. They can select their specialization before moving ahead to a full-fledged career in management & business administration.
Final Thoughts
While the IIM undoubtedly offers students more exposure, these private MBA colleges are not behind in the race and provide students countless academic and professional growth opportunities. Since most of them accept standard entrance test scores like CAT &GMAT, you won’t be required to appear for any additional tests to get admission to most of these colleges.
Moreover, the fact that salary packages offered are similar to the IIM makes them a good fit for candidates seeking an MBA.
