Eligibility Criteria for the top MBA colleges in India
To enroll in a Master of Business Administration program at any of the top MBA schools in India, applicants must meet specific academic standards. The MBA qualifying requirements for admission to the best MBA institutes in India are listed below:
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Applicants must have graduated from an accredited university with a graduate degree in any discipline under the 10+2+3 or 10+2+4 patterns. In order to be eligible, they had to have earned a minimum of 50% of the possible points overall.
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Applicants with at least 50% of the possible points in their cumulative honors degree under the 10+2+4 pattern from an accredited university as defined by the UGC Act.
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Applicants who have earned a bachelor's or master's degree from this university or any other legally recognized university through correspondence or the Open University System are also eligible.
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Candidates who meet any of the aforementioned requirements during admissions are also eligible to apply if they are in their last year of graduation.
Popular Entrance Exams for top MBA courses in India
CAT: The Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Ability (QA) parts make up the Common Admission Test (CAT). Candidates take both multiple-choice and non-multiple-choice questions on the computer-based test (CBT) known as the CAT. Typically, the exam lasts between two and three hours. Following the CAT exam, participating colleges make public their individual cutoff scores, which determine which applicants get accepted into the appropriate college.
MAT: The Management Aptitude Test (MAT) is administered in three different ways: online, via a computer, via paper, and through a proctored Internet-based test (IBT). Language comprehension, mathematical skills, data analysis and sufficiency, intelligence and critical reasoning, and Indian and global environment are the five areas that make up the exam.
The Indian government granted the Indian Institute of Management Ahmedabad autonomy when it was founded in 1961. Ninety-one postgraduate and doctorate courses are available at the IIM Ahmedabad. IIM Ahmedabad was ranked first in the management category in the NIRF 2023 ranking. Management is among the courses offered at IIM Ahmedabad. It is one of the best MBA courses in India.
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Average Package
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Highest Package
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Batch Size
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25 lakh
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34.36 LPA
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1.15 CPA
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455 Students
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Established in 1973, the Indian Institute of Management Bangalore has been acknowledged as a "Institute of National Importance." Numerous postgraduate and doctorate courses are available at the IIM Bangalore. Courses offered at IIM Bangalore include Ph.D., P.G.P., and M.B.A. Courses at IIM Bangalore are offered online, both full- and part-time. In the management category of the NIRF rankings 2023, IIM Bangalore is rated second. Prospective candidates must fulfill the eligibility requirements of IIM Bangalore. Take the entrance exams like CAT and GMAT if you want to apply to IIM Bangalore.
The third IIM to be founded in the nation, IIM Bangalore opened its doors in 1973. 218 out of 606 offers from consulting organizations have been made to the institute, making it the finest MBA college in India for the consulting industry. The world-class infrastructure of IIMB is located in the center of Bangalore City's southern region.IIM Bangalore provides a range of executive education programs, post-graduate programs, and specialty courses in fields including public policy and entrepreneurship.
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Fees
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Average Package
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Highest Package
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Batch Size
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24.5 lakh
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34.36 LPA
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90 LPA
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515 Students
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The Government of India, in partnership with the Government of West Bengal, the Alfred P. Sloan School of Management (MIT), Indian business, and The Ford Foundation, founded IIM Calcutta in 1961. As to the NIRF 2023 Ranking, IIM Calcutta came in at number 4 in the management category and 99th overall. IIM Calcutta MBA Based on the CAT results, admission is granted, and then there is a Personal Interview (PI) phase. The GMAT entrance exam is used to determine admission to the IIM Calcutta Executive MBA program. Subsequently, the selection process for candidates applying to IIM Calcutta is based on their educational background, work experience, GMAT score, personal interview, statement of purpose, and recommendation.
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Average Package
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Highest Package
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31 lakh
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32.36 LPA
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1 CR
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462 Students
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Private business school Indian School of Business (ISB) has two campuses: one in Hyderabad, the capital, and another in Mohali, Punjab. In 2001, the institute was founded. By receiving accreditation from the Association to Advance Collegiate Schools of Business (AACSB), the EFMD Quality Improvement System (EQUIS), and AMBA, ISB Hyderabad has become the 100th Triple-Crown.
Postgraduate management courses, working professional management, senior executive management, and family business management are available at the Indian School of Business. Additionally, the school offers the five specializations of ISB's Advanced Management Programs. It also offers several Live Virtual Programs, Open Programs, and Custom Programs within executive education, both currently offered and in the works. GMAT/GRE are approved for its flagship course, PGP.
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Average Package
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41.78 lakh
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32 LPA
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50 LPA
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900 Students
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Regarded as the Best MBA College in India for the Human Resource Sector is XLRI Jamshedpur. Founded in 1949, it is the oldest B-school in India. The upbeat and joyous college culture at XLRI is another well-known feature. It is also one of the few B-schools with a very even gender distribution. It provides courses for several post-graduate management programs, including PGDM(BM), PGDM(HR), and PGDM(GM).
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Average Package
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Highest Package
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25 lakh
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27 LPA
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50 LPA
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420 Students
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In the Indian state of Uttar Pradesh, the Indian Institute of Management – Lucknow (IIML) is situated. Founded in 1984, the university comes in fourth place among IIMs, behind IIM Calcutta, IIM Ahmedabad, and IIM Bangalore. Executive programs, fellowships, and post-graduate certificates in management are offered by the IIM Lucknow.
The Ministry of Human Resource Development has designated this institute as an Institution of Excellence. The CAT score is taken into account by IIM Lucknow, along with other IIMs, for shortlisting candidates for subsequent rounds.
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20.7 lakh
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27 LPA
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90 LPA
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571 Students
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In 1954, the Faculty of Management Studies was founded in New Delhi. It provides four courses at the graduate and doctorate levels in total. There is only one course available at the PhD level, although the college provides three postgraduate courses. In order to get admitted to FMS Delhi at the postgraduate level, an applicant must take the CAT and receive a passing score. In order to get admitted to the Ph.D. program at FMS Delhi, aspirants must pass the UGC-NET. One of the top mba colleges in india with fees wise is Faculty of Management Studies DU.
The Faculty of Management Studies is associated with the University of Delhi and provides scholarships and possibilities for placement to students who demonstrate merit. are offered by the Faculty of Management Studies as well. Additionally, the college wants to give its students a comfortable campus, which includes making sure that amenities like sports, a cafeteria, an auditorium, a library, an IT infrastructure, and more are available.
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Average Package
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Highest Package
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2 lakh
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27 LPA
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80 LPA
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273 Students
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According to the QS World University Rankings for Masters in Management for 2024, SP Jain (SPJIMR) is rated between 121 and 130. Additionally, the college is ranked 20th in the Management category by NIRF 2023 and 5th in the MBA category by Business Today 2023. An institution that is a part of Bharatiya Vidya Bhavan, the SP Jain Institute of Management and Research was founded in 1981. The Association of MBAs (AMBA), UK, NBA, and AACSB International have all granted approval to the S. P. Jain Institute of Management and Research and accredited it. The college, which is situated in Mumbai's Andheri West, provides PG, and other courses to students in management and other fields.
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Average Package
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Highest Package
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Batch Size
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24 lakh
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33 LPA
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70LPA
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300 Students
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Among the 20 Indian Institutes of Management, the Indian Institute of Management Kozhikode was founded in 1996. In the management category of the NIRF 2023 Ranking, IIM Kozhikode has secured the third rank. The institute provides numerous courses in a range of subjects. Postgraduate and doctorate studies are offered by IIM Kozhikode. There are 75 courses offered by IIM Kozhikode in total. Students who are interested in these courses need to confirm that they fulfill the requirements.
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Average Package
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Highest Package
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Batch Size
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22.5 lakh
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35 LPA
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90 LPA
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575 Students
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In 1966, the Indian Institute of Management Indore was founded. According to the NIRF Rankings 2023, IIM Indore is rated eighth in the management category. A total of 76 postgraduate and doctorate courses are offered at IIM Indore. Candidates should take the appropriate entrance exam, such as the CAT or GMAT, if they want to get admitted to IIM Indore for the selected programme. The results of the entrance exam determine admission to IIM Indore.
Excellent campus facilities are provided by IIM Indore. Sports, a canteen, a library, a gym, labs, a transportation hub, wifi, and many other amenities are available at IIM Indore. To help students get ready for their on-campus placements, the placement cell at IIM Indore sets up practice exams and interviews.
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Average Package
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Highest Package
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Batch Size
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22.5 lakh
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35 LPA
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90 LPA
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575 Students
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Bombay's Jamnalal Bajaj Institute of Management Studies It was established in 1965 by the University of Mumbai and is well known as JBIMS Mumbai. At the postgraduate level, JBIMS Mumbai offers courses in seven different disciplines for the MBA, M.Sc., and MHRD degree programs, and one discipline for the Ph.D. program. Students can choose from these courses in the fields of Management & Business Administration and Sciences. Candidates must have a valid MAH MBA CET, MHT CET, CAT, and CMAT score in addition to DTE CAP Counseling in order to be considered for admission to JBIMS Mumbai's MBA program.
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Average Package
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Highest Package
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6 lakh
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25 LPA
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50 LPA
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275 Students
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One of the top mba colleges in india placement wise is Management Development Institute (MDI), Gurgaon, which was founded in 1972. Situated on a 35-acre verdant campus, the institute offers students an unparalleled opportunity to immerse themselves in a creative setting while being surrounded by industry activity. An environment that is conducive to studying is created by state-of-the-art classrooms, IT infrastructure, dormitories, libraries, and other facilities situated in serene surroundings. The institute provides working executives and management students with a broad choice of programs. The Post-Graduate Diploma in Management (PGDM), the program's flagship offering, prepares management students for careers in responsible roles in a global workplace. The All-India Council for Technical Education (AICTE), a branch of the Indian government, has approved the postgraduate degree that the institute offers.
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Average Package
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16 lakh
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25 LPA
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60 LPA
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382 Students
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Located in Powai, close to Vihar Lake in Mumbai, the Indian Institute of Management Mumbai (IIM Mumbai), formerly known as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), is a prestigious business school run by the Ministry of Education (India), Government of India. According to NIRF 2023 rankings, IIM Mumbai is ranked seventh among B-Schools in India. In order to produce trained professionals, the Indian government founded it in 1963 with support from the United Nations Development Programme (UNDP) via the International Labour Organization (ILO).
Postgraduate certificates in a range of industrial engineering and management subjects are available from IIM Mumbai. Fellowship programs at the PhD level are also available. In the operation industry, it is regarded as one of India's top MBA programs. IIM Mumbai teaches more than 2000 professionals annually.
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Average Package
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Highest Package
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21 lakh
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27 LPA
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90 LPA
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402 Students
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14. IIFT Delhi
The Delhi-based Indian Institute of Foreign Trade (IIFT) was founded in 1963. Under the Ministry of Commerce & Industry, it is a separate entity. "Deemed to be University" status was awarded to IIFT Delhi in 2002. The Indian Institute of Foreign Trade is ranked 27th in the Management field by the National Institutional Ranking Framework (NIRF) 2023 report. In its third cycle of accreditation, IIFT Delhi received an A+ rating from the National Assessment and Accreditation Council (NAAC). The college holds an AACSB accreditation.
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Fees
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Average Package
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Highest Package
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Batch Size
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21 lakh
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30 LPA
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75 LPA
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400 Students
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15. SJMSOM (IITB)
Established in 1995, the Indian Institute of Technology Bombay now houses the Shailesh J Mehta School of Management (SJMSOM). A Master of Business Administration and a Doctor of Philosophy (PhD) programme are available at the Shailesh J. Mehta School of Management, IIT Bombay. The SJMSOM IIT Bombay states that the performance in a personal interview and CAT scores would be the primary factors used in the MBA programme's selection process. On the other hand, candidates who have earned an MBA, PGDM, or MTech from the Institute of National Importance within the last five years are exempt from taking the aptitude test. The selection criteria for the Ph.D. program will be based on the UGC-JRF/UGC-NET/CSIR-JRF/CSIR-NET within the last five years, or CAT/GATE/GMAT/GRE within the last five years. In addition, the candidates must show up for an interview.
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Fees
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Average Package
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Highest Package
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Batch Size
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14 lakh
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28 LPA
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65 LPA
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357 Students
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16. Tata Institute of Social Sciences (TISS)
Sir Dorabji Tata Graduate School of Social Work was the original name of the Tata Institute of Social Science Mumbai when it was founded in 1936. After then, it became known as the Tata Institute of Social Science Mumbai and was approved to become a deemed-to-be university in 1964. 56 courses at the diploma, undergraduate, graduate, and doctorate levels are available at TISS Mumbai. variety of specializations, MBA., Ph.D., and other courses are among the offerings at TISS. Tata Institute of Social Sciences requires students to take the CUET in order to be admitted. However, admission to the Master of Arts in Organization Development, Change, and Leadership and the Master of Human Resource Management & Labour Relations programs was previously determined by CAT scores; however, a recent change specifies that admission to these programs will now be made through CUET.
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Average Package
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Highest Package
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Batch Size
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1.85 lakh
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28 LPA
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65 LPA
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68 Students
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Since its founding in 1978, SIBM Pune has provided executive training programs in addition to a range of post-graduate degrees in management, innovation, and entrepreneurship. The present campus is situated outside of Pune City near Lavale, Mulshi Taluka. Post-graduation programs offered by SIBM Pune include PGDBM, MBA, Executive MBA, and MBA Innovation and Entrepreneurship.
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Fees
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Average Package
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Highest Package
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Batch Size
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22 lakh
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28 LPA
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50 LPA
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280 Students
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The Indian Institute of Foreign Trade, or IIFT, is a government agency that operates independently under the Ministry of Commerce & Industry in India. The institute was founded in 1963 and received status as a deemed university in 2002. In 2021, the Indian Institute of Foreign Trade received accreditation from the AACSB.
A range of postgraduate, doctorate, and postgraduate diploma programs in management, economics, international business, commerce, and finance are offered by IIFT Kolkata. Programs including the MBA in International Business, MA in Economics, Ph.D. in Management, Ph.D. in Economics, Executive Post Graduate Diploma in International Business, MBA in Business Analytics, Integrated Program in Management, MBA in International Business (Weekend), MBA in International Business (Online), and several certificate programs in Export Import Management are available at the Indian Institute of Foreign Trade Kolkata.
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Fees
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Average Package
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Highest Package
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Batch Size
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21 lakh
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29 LPA
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85 LPA
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140 Students
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Founded in 2008, the Indian Institute of Management (IIM) Shillong is a public institution with complete autonomy. IIM Shillong is ranked 26th in the management category of the NIRF Rankings 2023. Postgraduate and doctorate degree courses are offered by the college. Courses offered at IIM Shillong include M.B.A., M.B.A. Working Executives, Ph.D., and Ph.D. Working Professionals. The CAT entrance exam is required of applicants to the PG Program in Management and Business Administration at IIM Shillong. IIM Shillong's placement campaign is overseen by a placement cell that is operational.
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Fees
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Average Package
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Highest Package
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Batch Size
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21 lakh
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29 LPA
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85 LPA
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140 Students
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Mumbai's Narsee Monjee Institute of Management Studies (NMIMS) is a private university that opened for business in 1981. In the overall category, NMIMS Mumbai is ranked 88th by the NIRF Ranking 2023. The institute provides a large selection of graduate, postgraduate, and undergraduate courses. B.Tech, BBA, B.Sc., BA, MBA, M.Pharm, Ph.D., and numerous other courses are offered by NMIMS Mumbai. In order to enroll in courses at the Narsee Monjee Institute of Management Studies, students must fulfill the eligibility requirements set forth by NMIMS Mumbai.
A specialized placement department at NMIMS Mumbai helps final-year students land jobs in well-known companies with attractive compensation packages. Among the major employers at NMIMS Mumbai are Aditya Birla, Capgemini, Cognizant, and a number of other companies.
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Fees
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Average Package
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Highest Package
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Batch Size
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24 lakh
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26 LPA
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65 LPA
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600 Students
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Conclusion
According to the Indian Institutional Ranking Framework (IIRF), best 20 mba colleges in india are mentioned in this blog. They serve as furnaces for shaping the leaders of the future and for making dreams come true. As you go out on this quest to locate your ideal match, keep in mind that building a future that is exclusively your own is more important than simply earning an MBA. Therefore, do proper research about college before selecting, visit colleges, speak with former students.This is where your journey to join India's management elite starts.
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