Friday, May 30, 2014

India's best B school for pursuing MBA, their rank, lowest , average and highest CTC

Hello Friends,
MBA is a hot cake selling like anything. However, out of the hundred cakes available in the market only few or good. You taste a balloons and Ribbons cake, brownie Points cake and a Celejor cake and a Monginis cake vis-à-vis cake from a local bakery not seeling 3-4 days. If you really understand a cake, you will find a difference in the quality. Then you may at least settle down for a Monginis or a similar level cake but definitely just for a sake of eating a cake, you will not any cake.

Most of you must have read my old blog post tiled Myth and Facts about MBA.
This blog provide details about mBA programme, B school rankings, whether you should opt a B school or not.  If you have not read it, I request you to please go through following blog post:

While designing a project for recruitment and an innovative planned recruitment for my organization, I did a little research about top 100 B schools though various B school surveys and found that even amongst the top 100 B achools many were useless and non reliable. Hence, I excluded UCFAI Business schools (IBS), ITM (Other than Navi Mumbai), Amity, Balaji to name few. Following B schools are only seems to be worth to pursue your management post graduation. The most shocking thing is, most of the B schools do not want to disclose the lowest package their students get.
I have not included ISM Dhanbad, NITIE Mumbai and TISS (of course, both of them are good B schools but they were not the B school we were looking for our need. They also well deserve the place in op 50 B schools of India.
If you look at the Data, you will find that even a B schools like IIT, Welingkar and few others do not have even 100% placements. These data are from year 2013 and 2014 collected from their official website and other career website.

Students need to understand that doing MBA from any B schools does not yield a good result, a good job, a good career and a good salary. You need to choose a right B schools rather than wasting time. One of my very close friend chose a B schools from Mumbai and my reaction was why? The B school was not reputed enough, not ranked enough and she could earn much better salary by continuing her job rather than wasting 2 years for the PG course. Anyway, it was her choice. My strong advise is, if you do not get a good B schools (mentioned in my above blog and this blog, please do not opt for MBA. Better start your job, gain experience and try for a good job from these B schools only.
All the best and have a safe career. Please feel free to ask your query.

Sr. No.
Name of the institute
Location
Average placement per students
Average package
Ranking
Lowest CTC
Highest CTC
1
S P Jain
Mumbai
1
12.38 lakhs p.a.
10-20
Not disclosed
27.47 lakhs
2
Management Development Institute (MDI)
Gurgaon
1.2
12.8 lakhs p.a.
13
Not disclosed
21.8 lakhs
3
Faculty of Management Studies (FMS)
Delhi
1
16.18 lakhs p.a.
1-10
Not disclosed
60
4
Indian Institute of Foreign Trade (IIFT)
Delhi

12.4 lakhs
1-10
6.42 Lakhs
22 lakhs
5
ISB Hyderabad
Hyderabad
1.10
17.41 lakhs
1-10
10
31 lakhs
6
ISB Mohali
Mohali
NA
Freshly opened
Non ranked


7
IIM Ranchi
Ranchi


22
8 lakhs
12.97 lakhs
8
IIM Shillong
Shillong
0.42
12.22
23
-
12.22lakhs
9
IIM Trichy
Trichy
1
10.92
24
6.04 lakhs
18.25 lakhs
10
IIM RAIPUR
Raipur
1.15
12.03
36
6.5 lakhs
19 lakhs
11
IIM Rohtak
Rohtak

9.68
37
Not disclosed
17 lakhs
12
IIM Udaipur
Udaipur
0.85
10.37
38
Not disclosed
Not disclosed
13
T A Pai Management Institute (TAPMI), Manipal
Manipal
1
8.59
44
Not disclosed
13.66 lakhs
14
Institute of Management, Nirma University
Ahemdabad
0.92
7.4 lakhs
41
Not disclosed
15 lakhs
15
Welingkar Institute of Management, Mumbai
Mumbai
0.75 for MMS
0.81 for PGDM
0.14 for executive PGDM
6.38 Lakhs for MMS
7.03 for PGDM
15.5 for executive PGDM
50
Not disclosed
Not disclosed
16
Symbiosis Institute of Business Management (SIBM), Pune
Pune
1
11.30 lakhs
16
Not disclosed
Not disclosed
17
Narsee Monjee Institute of Management Studies (NMIMS)
Mumbai
Not disclosed
15.30 lakhs
15
Not disclosed
30 lakhs
18
Shailesh J Mehta School of Management, IIT Bombay, Mumbai
Mumbai
1.03
14.26 lakhs
17
Not disclosed
23.36
19
Institute of Management Technology (IMT), Ghaziabad
Ghaziabad
1
8.94 lakhs
11
Not disclosed
23 lakhs
20
Jamnalal Bajaj Institute of Management Studies, Mumbai
Mumbai
1
16.18
12
Not disclosed
26 lakhs
21
Xavier's Institute of Management, Bhubhaneswar
Bhubaneshwar
1
12.08 lakhs
20
Not disclosed
18
22
Department of Management Studies, IIT Delhi
Delhi
1
8-10 lakhs
21
Not disclosed
14 lakhs
23
KJ Somaiya Institute of Management Studies and Research, Mumbai
Mumbai
1
7.5 lakhs
27
Not disclosed
15 lakhs
24
Mudra Institute of Communication, Ahmedabad
Ahmedabad
1
12.3 lakhs
28
Not disclosed
19.3 lakhs
25
Vinod Gupta School of Management, IIT Kharagpur
Kharagpur
0.88
11.37
31
Not disclosed
Not disclosed
26
Department of Management Studies, IIT Madras, Chennai
Madras
1
9.07
32
7 lakhs
14 lakhs
27
Department of Management Studies, IIT Roorkee
Roorkee
0.85
7.5 lakhs
33
Not disclosed
11 lakhs
28
FORE School of Management, Delhi
Delhi
98.5
8 lakhs
34
Not disclosed
33 lakhs
29
Goa Institute of Management, Goa
Goa
0.96
7.9 lakhs
35
Not disclosed
15 lakhs
30
Great Lakes Institute of Management, Chennai
Chennai
0.94
11.02
36
Not disclosed
26.72 lakhs
31
Industrial and Management Engineering, IIT Kanpur
Kanpur
0.42
8.47
37
5.75 L
22 L
32
International Management Institute, Delhi
Delhi
1
9.8
38
Not disclosed
18 L
33
BIM (Mharathidasan Institute of Management, Trichy
Trichy
1
8.02 lakhs
41
Not disclosed
14 lakhs
34
Loyola Institute of Business Administration, Chennai
Chennai
0.69
8 lakhs
45
Not disclosed
Not disclosed
35
Management Group, Birla Institute of Technology and Science, Pilani
Pilani
1
8 lakhs
46
5.5
16
36
Lal Bahadur Shastri Institute of Management, Delhi
Delhi
1
2.92  lakhs
44
2.16
14.5 lakhs
37
Symbiosis Institute of Management Studies, Pune
Pune
1
11.3 lakhs
49
Not disclosed
19.22 lakhs
38
Alkesh Dinesh Mody Institute for Financial & Management Studies.
Mumbai
85
3.25 lakhs lakhs

2.10 lakhs
5 lakhs
39
N L Dalmia Institute
Mumbai
86
5.15 lakhs
87
4 lakhs
10.15
40
IMT Nagpur
Nagpur
0.9
6.25
57
Not disclosed
13.5
41
IIM Kashipur
Uttarakhand
1
Not disclosed
56
6
13.5 L
42
Sydenham Institute of Management Studies, Mumbai
Mumbai
1.6
10.04 L
59

13. 5 L
43
Xavier's Institute of Social Sciences, Ranchi
Ranchi, Jharkhand
0.9
4.5 L
60
3.25 L
7.25 L (For marketing)
44
university business school,  Punjab University, chandigarh
chandigarh
0.8
5L
69
8 L
Not disclosed
45
International School of Business and Media, Pune
Pune
1
6.4 L
78
4L
15 L
46
(ITM Navi Mumbai) Institute for Technology and Management, Navi Mumbai
Navi Mumbai
1
4.28
85
Not disclosed
7.25 L
47
Department of Management Studies, Pune University MBA, Pune
Pune
0.8

4.25 lakhs
87
Not disclosed
5.3 lakhs
48
Chetana’s institute of management
Mumbai
0.9
6 lakhs
Non ranked
Not disclosed
6.5 lakhs
49
Department of Management Studies, Pondicherry University, Pondicherry
Pondicherry
1
2.15 lakhs
97
2.15
7.2 lakhs

I hope to receive similar love for this article too.

Govind
Mumbai
May 30, 2014

Govind@simplycareer.net

7 comments:

  1. Excellent work as always Govind, thank you.

    Could you also post a similar information for colleges offering Distance MBA - I believe that would be very helpful. I have recently started following your blog, so if you have similar articles already, please direct me to the same. Just to provide context - I am working and have experience in HR field, but would l like to add to my qualification by earning an MBA degree - though it is unfortunately not possible for me to stop working and consider full time MBA. Even the evening courses offered by JBIMS or Wellingkar does not help me since I work as per US timings. So, I think Distance MBA is the only option left for me. Please suggest - I live in Kalyan (MH)

    ReplyDelete
    Replies
    1. Hi Bhaskar
      I think we have discussed about it long back
      Why dont you opt following universities
      1. Pondicherry University, DDE 2 years distance MBA exam centre at Mumbai
      2. Bharti Vidyapeeth, Navi Mumbai campus, distance MBA
      3. D Y Patil University, Distance MBA, Navi Mumbai campus

      Delete
  2. Hello Sir, I want to know about ADMI, Mumbai. How is it for MMS finance. I have heard mostly PSUs hire from here. Is it a good B school. Plz comment.

    ReplyDelete
    Replies
    1. Hi Amol,
      It is a B category B schools. I have been there once to do one of HR sessions and found the students impressive. so the faculty including placement coordinator Ms. Kavita Mishra
      The factual data:
      Fee: 1 lakh p.a.
      placement percentage: 85
      Minimum salary: 2.1 lakh p.a.
      Maximum salary: 5 lakhs p.a.
      average salary: 3.25 lakhs p.a.

      RoI: 1 year

      Considering this, the institute is not bad. If you have to chose amongst any B category B school, you should give preference to this as they are working very hard to create reputation and corporate relationship (at least more than 10 times they have contacted me for various occasion)

      Delete
  3. Dear Mr. Govind,


    Is it ok to study Diploma Management from Narsee monjee ?


    Regards,
    Aziz.

    ReplyDelete
    Replies
    1. No, it does not have any value. You may think about its executive part time MBA but it is costly. Same MBA as a twinning programme (Part time) you may do it from IBSAR, Navi Mumbai through pondicherry University at 10% of NMIMS's cost

      Delete
  4. Dear Sir

    I want your advice regarding getting further institutional degrees for better career opportunities.
    I have an experience of 7 to 8 yrs. in Banking/Non Banking Finance industry in Credit and Operation sector. And at present I want get more exposure in my career but some how I got stuck in the situation. So kindly guide me by replying with some best distance MBA educational institutes details and any other advices you have in your mind.

    Thanking you
    Soumojit

    ReplyDelete

Thanks for your comment on blog.simplycareer.net. Please search for required information through tags, keywords on this blog as I have already added lot of required information. If you still do not find it, I'll revert you shortly.

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