Admission process in TOP MBA Institutes in India
In today’s special, we intend to shed light into some of the top MBA institutes in India - ones that have been long serving aspiring business leaders as key to the top of the corporate ladder.
As they aim for the top of the corporate ladder, many would be managers across the country may seek inspiration from the approach charted by today’s business leaders - especially if they are planning to invest time and money in pursuing an MBA. Similarly, an overwhelming proportion of young students who dream about leading the 21st century entrepreneurial India, also eventually set their eyes on the top MBA institutions in the country.
Therefore, in today’s special, we are bringing you an overview of some of the most popular MBA institutes in India in terms of learning experience, placement record, infrastructure and future orientation.
1. Indian Institute of Management, Ahmedabad (IIM-A)
Indian Institute of Management, Ahmedabad (IIM-A) is deemed the best B-School in the country and is often spotted in top-ten of a lot of global B-School rankings. Thousands of students partake in the race to secure a seat in this prestigious institute every year despite the hefty fees of INR 14.5 lakh.
IIM-A outperforms all other Business Schools across the country on virtually every aspect - be it in terms of placement record, learning experience, living experience, future orientation, and so on.
The tuition fee in this 51-year old institute is: 11,55,000 (excluding hostel and food) whereas the total student intake capacity (as per 2012-13 academic session) stands at 381. Admission to IIM-A is determined on the basis of candidates’ performance in CAT and GMAT.
2. Indian Institute of Management, Calcutta (IIM-C)
Apart from many other positive aspects such as placement prospects and the quality of the faculty, IIM-C is also renowned as one of the bests in its class when it comes to research. The Ford Foundation was one of its founding partners of this over 50 year old institute. Located in Joka, IIM-C spans over a vast area barely 20 km away from the Howrah Railway Station.
Tuition fees (excluding hostel and food) stand at approximately INR 8,55,000. The total student intake capacity (as per 2012-13 academic session) is 462 and admission to the institute is determined on the basis of CAT and GMAT.
3. XLRI Jamshedpur
Xavier School of Management, or XLRI (Jamshedpur) is a leading private, business management school based in Jamshedpur, Jharkhand. Founded in 1949 as the Xavier Labor Relation Institute (hence, XLRI), the institute is renowned as not only one of the best privately funded Business School in the country, but also as one of the oldest that has contributed immensely to India Inc.
Admission into XLRI is determined on the basis of its own entrance test: XAT. The overall expenditure in the two year program stands at just under 15 lakh (excluding hostel and food). The total student intake capacity in the 2012-13 academic session was 240.
4. Faculty of Management Studies, University of Delhi (FMS, Delhi)
Faculty of Management Studies, or FMS, is a prestigious institute with over five decades of management education history. An integral part of the Delhi University, the institute was enacted under the aegis of another institution - Delhi School of Economics. It is renowned for providing one of the cheapest MBA programs in the country.
There are a total of 219 seats in offering as per the records of the 2012-13 academic session. The tuition fee is just under INR 21,000 and admission is done through CAT and GMAT.
5. Indian Institute of Management, Kozhikode (IIM-K)
IIM-K happens to be one of the 13 Indian Institutes of Management founded by Government of India. Established in 1996, the institute has fast emerged as one of the top B-Schools not only in India, but also in terms of global standards. Located in Kozhikode, the third largest city in Kerala, the institute spans over two hills, both being part of the Western Ghat.
The tuition fee, excluding food and hostel charges, stands at just over INR 900,000. The total student intake capacity, as per the 2012-13 academic session is 356. Admission is conducted through CAT.
6. S.P. Jain Institute of Management & Research (SPJIMR)
Located in Andheri, Mumbai; SPJIMR is administered by the trust of Bharatiya Vidya Bhavan. The institute offers a mentorship program dubbed Abhyudaya wherein students are tasked with the responsibility to mentor underprivileged children. The student committee also focuses on developing and sensitizing participants towards various types of involvement in social issues by running external visits and tieups with industry for rural development.
Tution fee stands at approximately INR 700,000. Admission into the 227 seats (as per the 2012-13 academic calendar) is determined on the basis of candidates’ performance in CAT, XAT and GMAT.
7. Management Development Institute (MDI)
Management of Development Institute (MDI) is located in Gurgaon - a satellite city of the national capital in Haryana. Despite its hefty course fee, the institute managed to attract over 17,000 applicants last year.
MDI is renowned for its world class infrastructure alongside top class faculty and excellent placement records. The whole campus is equipped with wi-fi connectivity and it subscribes to over 13,000 international management journals. The institute has also embarked on a number of orthodox initiatives for the benefit of students, including Prayas - a student run co operative store as well as SEED-MDI - a hub for entrepreneurship.
The tuition fee (except hostel and food) is a little over INR 850,000. The student intake capacity is 239 (as per the 2012-13 academic session) and the admission process is determined by CAT, GMAT.