An MBA degree is the most widely accepted course not only in India but also abroad. Students passing out from the renowned management institutes of the country are either placed in the best companies of the world or running their own businesses. The Master of Business Administration (MBA) is a two-year program that aims to make the candidate proficient in all the management fields and an expert in one particular field of specialization, namely Human Resource (HR), Finance, Marketing, Information Technology and operations management.
Selection Process of Top B-Schools in India
For seeking admission in any of the top MBA colleges in India, the candidate is required to qualify any of the state/national level (CAT, MAT, XAT, SNAP, NMAT, etc.) or any other entrance exam conducted by the particular institute. Candidates need to appear for the written test, which consists of questions related to English, mathematics and logical & analytical reasoning. Shortlisted candidates are then required to sit in the further rounds – Group Discussion (GD) and personal interview (PI). If the candidate clears all the rounds, he/she will get a call for admission.
With so many management colleges in the country, a question is bound to arise in the minds of MBA aspirants – which of these business schools are worth aspiring for? An unbiased list of top B-Schools, which details the names of renowned MBA colleges in India, can be an indispensable tool for candidates looking for admissions to any of the top management institutes of the country. This list is prepared based on a number of parameters, including:
1. Cut-off score in entrance test
Getting into one of the top b-schools in India is what MBA aspirants aim for, while the top b-schools wish to admit students with good academic record. It is a symbiotic relationship, in which both management colleges and students benefit from each other.
The cut-off percentile in the entrance test is, therefore, a strong indicator to assess the calibre of the students at an MBA college. The higher the cut-off score, the better will be the quality of the students at the college.
2. Placement record
It is generally observed that the renowned b-schools of the country achieve a good placement record. Some MBA graduates also opt out of the placement process to join family-run enterprises or start their own ventures. A management institute is ranked as the top b-schools of the country only if it is able to place all its students in good-paying positions.
3. Miscellaneous factors
Apart from the cut-off score and placement record, there are a number of other factors as well that play a significant role in making a management college part of the top MBA colleges in India. Well-developed infrastructure and highly-experienced faculty are some other factors based on which the b-schools are evaluated.
While these parameters are extremely important, care needs to be taken while studying these data. The number of faculty teaching MBA subjects at the b-school is a direct indicator of the quality of education offered. Also, the number of full-time professors versus guest lecturers is another significant factor that needs to be considered.
The Indian Institutes of Management (IIMs), Xavier School of Management (XLRI), Faculty of Management Studies (FMS) and Management Development Institute (MDI) are some of the management colleges counted as the top b-schools of the country.