Saturday, October 16, 2010

BEST MBA Schools In India

Each year MBA aspirants, whether they may be final year students, fed up I.T employees, or people who looking for career shift, work hard and spend a good amount of their savings on entrance coaching fee and if luck permits they may end up in the top 5000. Some succeed,some quit, some start again and some make a compromise on their dream. All this for a dream consulting or investment banker job but reality bites and it bites hard, because once in you realize that only 1 or 2 among you may be lucky enough and even if you are the chosen one, you may end up as the most unhappy person in the world.

So the Moral of the story is don't run after money no matter what other say. Choose your path very carefully because once done there is no turning back. And of course MBA sure does offer you a lot of career options in many varied fields as it's not only about selling soaps and shampoo's.

TIP*- Many careers post MBA may offer lesser salary initially but after 5-7 years they end up as the highest paying jobs in the corporate world and vice versa.

I am just fed up with all the magazines and websites for making money by exploiting the dreams of MBA aspirants each year. Every year these magazines come up with a ranking that they may say is based on thousands of different factors but the truth is for most of the rankings Institutions pay huge sums of money. After years of turmoil I believe the primary factors on which you should choose a B school are,

1.Huge Alumni strength
2.Top Class Experienced Faculty
3.Placements
4.Infrastructure

I know that it's impossible for a MBA aspirant to measure these parameter but it's not that difficult to create a relative grading. Follow the following steps to get a fair idea about your future MBA college,

1.Visit college websites and spend considerable time on that.Get all the information about the courses, resident faculty, visiting faculty, placements, Quality of Internship programs, Guest Lectures etc.
2.Try to establish a contact with more than one existing student or an Alumni and verify all the information with him/her.
3.Though Brand name may be important factor it should not be the factor. Try to match your aspirations with the information that you have in hand and do a thorough study on your Major and Minor field i.e. Marketing/Finance etc.

Though many magazines publish top 50 or 100, I believe we only have 30 good quality MBA schools in the country.Following is the list of TOP 30 MBA colleges in India based on my vast experience.

TOP B Schools in country

TOP NOTCH ELITE B SChools
1.INDIAN INSTITUTE OF MANAGEMENT AHMEDABAD
2.INDIAN SCHOOL OF BUSINESS HYDERABAD
3.INDIAN INSTITUTE OF MANAGEMENT BANGALORE
4.INDIAN INSTITUTE OF MANAGEMENT CALCUTTA
5.XAVIER LABOUR RELATION INSTITUTE JAMSHEDPUR
6.FACULTY OF MANAGEMENT STUDIES DELHI

ELITE B Schools
7.MANAGEMENT DEVELOPMENT INSTITUTE GURGAON
8.INDIAN INSTITUTE OF MANAGEMENT KOZHIKODE
9.INDIAN INSTITUTE OF MANAGEMENT INDORE
10.S.P.JAIN INSTITUTE OF MANAGEMENT & RESEARCH MUMBAI
11.INDIAN INSTITUTE OF FOREIGN TRADE (IIFT)NEW DELHI & KOLKATA
12.GREAT LAKES INSTITUTE OF MANAGEMENT, CHENNAI
13.NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING MUMBAI

EXCELLENT B Schools
14.JBIMS MUMBAI
15.NARSEE MONJEE INSTITUTE OF MANAGEMENT MUMBAI
16.MUDRA INSTITUTE OF COMMUNICATION AHMEDABAD
17.XAVIER INSTITUTE OF MANAGEMENT BHUBANESHWAR
18.INTERNATIONAL MANAGEMENT INSTITUTE (IMI)NEW DELHI
19.SHAILESH J MEHTA SCHOOL OF MANAGEMENT MUMBAI (IIT Mumbai)
20.TISS Mumbai***HR
21.IRMA Anand***Agri Business
22.Department of Management studies (IIT Delhi)

VERY GOOD B Schools
23.INSTITUTE OF MANAGEMENT TECHNOLOGY GHAZIABAD
24.VINOD GUPTA SCHOOL OF MANAGEMENT KHARAGPUR
25.GOA INSTITUTE OF MANAGEMENT
26.Department of Management Studies (IIT Chennai)
27.SIBM Pune
28.SCMHRD Pune
29.IFMR CHENNAI
30.K.J. SOMAIYA INSTITUTE OF MANAGEMENT STUDIES & RESEARCH MUMBAI

2 comments:

Nemidor said...

'Learn or Perish' is the mantra by which Indian B schools can survive the threat from foreign B schools. Today many Indian B schools are focusing their attention on beautiful campuses, tie ups with reputed foreign universities, International placements, World Class Faculties and experienced bunch of students.

MBA education is not only about learning from books and gargantuan salary packages but it's also about understanding the ground realities and coming up with workable solutions for everyday problems at a small cost. Sadly very few schools are focusing on this aspect and instead every one is busy building their animate strengths like building campuses rather than inanimate strengths like intellectual know hows on the troubles our country is facing. None of our B schools is interested in helping Government with its social welfare projects or in case of recent examples like Commonwealth Games.

For e.g MBA students from Harvard are working in small villages in India to understand the problem the people in lower strata of society are facing and many of them have in fact started companies that have introduced innovative products in the market at a low price.

On the other hand in India 'Yes Bank' recently conducted a competition for B school students where they had to come up with a solution for a case study that focussed on financial inclusion for the weaker sections of the society.

MAX said...

Today the very first thing that MBA students are taught is to promote themselves and their colleges as the best MBA brands in the market.

MBA colleges today are like any other enterprise in the world, so the success of a institution should be measured using different factors such as the quality of the students getting into the institution ,the effort institution is putting in to churn out quality students every year ,and the progress/success of the students after each year in the market or if they have become good entrepeuners.

Recruiters can a play major role in gauging the quality of the students, recruited from different top colleges around the world, because at the end of the day they are the end users.

Also the ROI(return on investment) is major factor because some times top quality students refrain from studying at some of the costliest colleges in the world ,instead they go for a college with a better ROI albeit their starting salary would be less but a little later in their career they do get established just as any other guy from the posh colleges.

The colleges around the world today are mad about diversity but one important thing they tend forget is quality.

You don't solve problems in business by having diverse people around you, but by having the right people at the right place at the right moment of time.I agree that diversity is important to the business coming to recruit, but again it should not be at the cost of quality.