Top 10 Mba Colleges In Chennai is an article drafted and crafted by WAC’s Research team as more and more students are finding Professional Colleges in order to crack the exam with the best marks possible. Getting into the Best MBA colleges in chennai can give any student an edge over others and it is really beneficial for any student to join the top MBA colleges in Chennai.
- What is MBA?
- How to Choose MBA Colleges in Chennai?
- Why Choose MBA Colleges in Chennai?
- List of Top 10 MBA Colleges in Chennai
- Disclaimer
- Why MBA Course?
- Admission Criteria of MBA Colleges in Chennai
- Admission Process of MBA Colleges in Chennai
- Conclusion
- Frequently Asked Question
What is MBA?
What is an MBA? A Master of Business Administration, or MBA, is a general graduate business degree that teaches students technical, managerial, and leadership skills. Earning an MBA gives you valuable business acumen, expands your professional network, and creates new opportunities. It’s an ideal option to consider whether you want to enhance your career, transition to a new industry, or become an entrepreneur.
An MBA is a generalist degree that covers a variety of business principles, such as accounting, economics, finance, and marketing. Throughout your program, you’ll apply ideas from the classroom during real-world consulting projects and gain exposure to an array of business functions.
Increasing Demand for MBAs
- An MBA degree in India holds a lot of prestige! It is among the most popular postgraduate courses in the country. And why not! It promises attractive pay packages and is the gateway to an exciting, high-flying career. No wonder there is a mad rush of students wanting to grab a seat in premier MBA colleges. Last year over 2.5 lakh students took CAT, the grueling entrance exam.
- Further, with the Indian economy booming, and the start-up culture gaining momentum, the need for expertise across an array of management domains is on the upswing. Here are some stats! A recent survey by the Graduate Management Admission Council (GMAC) found 90%of the employers in the Asia Pacific intended to hire MBAs in 2018.
- The demand for management professionals is picking up the pace with every passing year, and the education domain is catering to it. There are more than a thousand institutes across the country that offers full-time residential MBAs. And oh, let’s not forget distance learning, online programs, part-time and executive options.
MBA Options In India VS Abroad
- Confused about whether to join an overseas MBA program or stick to its Indian counterpart? Well, you are not alone! With so much hype pertaining to foreign universities, it’s a common dilemma faced by students today. Let’s take a look at both options to get an insight as to how they stack up against each other.
- An MBA in India is spread over two years. Most overseas programs are for a period of 1 year other than those in the US which follow a two-year curriculum.
- Pursuing a homeland course (even at the IIMs) is way cheaper compared to an international one. Apart from steep tuition fees, there are living costs, travel, and other expenses to contend with which may require taking out heavy loans. Unless you have deep pockets, the exorbitant expenditure involved can become a financial burden.
- Studying abroad provides more exposure and an opportunity to interact in a multi-diverse environment. This can be a plus for those eyeing the global stage for a future career. However, if you are planning on working in the domestic sector, a degree from a reputed MBA college in India is more rewarding.
- Admission to Indian MBAs is through tough entrance exams like CAT. In contrast, foreign universities weigh in work experience, soft skills along with a GMAT score for the selection criterion.
- Getting good jobs is a breeze with an Indian degree, thanks to excellent campus placements. There is no such guarantee with an overseas program.
Types of MBA Courses
MBA programs in India are available in three formats with distinctive characteristics. These include the full-time, part-time, and executive programs.
Full-Time MBA
The full-time MBA is a two-year course that is held on-campus. Aspirants have to attend classes regularly to cover the rigorous curriculum. Since this mode doesn’t require work experience, it is ideal for fresh graduates looking to enhance their credentials before hitting the job market.
Part-Time MBA
The part-time and executive programs are spread over a period of one year. Classes for both programs are held in the evenings or during weekends. The part-time format is oriented towards working professionals who want to hold their full-time jobs and also sharpen managerial skills for career progression.
Executive MBA
The executive mode is primarily designed for senior managers with 5-8 years of work experience looking for a career leap within the organization.
Admission to the full-time programs is more competitive compared to part-time and executive options. Also, the traditional course is more expensive. In the case of the executive option, the tuition cost is generally picked up by the employer.
Scope of MBA
- MBA hopefuls must ensure that finding a new line of work after MBA is anything but a troublesome undertaking. Openings for work after MBA in India are wide, and it is the obligation of the understudies to get the correct activity from the choices accessible. While considering the openings for work after MBA, the understudies must cause a rundown of alternatives, to examine the upsides and downsides and get rid of the thistles to weave the way of accomplishment.
- Understudies may have endless inquiries at the top of the priority list with respect to the openings for work after MBA in India, for example, work scope, nature of work, jobs and obligations, aptitudes required, and others. A few understudies intend to pick an occupation that is intriguing as opposed to getting a vocation that pays more and the other way around. It is consistently imperative to dissect whether a specific activity suits you or not.
How to Choose MBA Colleges in Chennai?
Wondering whether pursuing a Master of Business Administration (MBA) program is worth the time, effort, and financial investment? If you are targeting a top-notch executive career, we believe it is. The highly respected degree offers aspirants a plethora of advantages. Besides landing cushy jobs with astronomical pay packages, it helps gain business acumen, widens your career prospects and business credibility.
There’s more! The advanced degree is a career accelerator, increases your earning power, provides access to an extensive alumni network, and even helps fulfill dreams of becoming entrepreneurs. Not to mention, you get a chance to travel abroad and rub shoulders with corporate biggies.
So what is an MBA? It is a professional degree designed to accentuate skill-sets needed to thrive in the cutthroat business environment. The curriculum, a combination of theoretical content and practical application is aimed at deepening knowledge and consolidating fundamentals in a variety of business-related disciplines (operations, marketing, economics, corporate financing, and basic accounting).
Apart from providing an overview of general management, the program includes a broad range of specializations that can be chosen based on specific interests, ambitions, and long-term professional goals.
Why Choose MBA Colleges in Chennai?
Looking to earn your MBA degree from Chennai, but wondering whether it’s a viable destination? Don’t think twice! For starters, the city takes pride in its education system and boasts the highest literacy rate in India. But, wait there are several other reasons why students flock to the capital of Tamil Nadu for the advanced program in management.
Top-Rung MBA Colleges
The MBA colleges in Chennai rank among the best in the country. They offer top-notch infrastructure, distinguished faculty, and a terrific academic curriculum for excellent job prospects.
Work Opportunities
One of the fastest-growing cities in India, Chennai is a major business hub with a concentration of prominent industrial sectors like automobile manufacturing, software, electronics, telecom, financial services, and more. Not to mention, some of the niche companies of the world have their headquarters here. Fresh MBA graduates scouting for employment will never be short of options.
Low Cost of Living
Thanks to reasonable accommodation, cheap transport facilities, affordable eateries, the cost of living in Chennai is considerably lower than in Mumbai and Delhi. The city has great connectivity and is also relatively safe.
Things To Do
With multiple beaches, beautiful temples, churches, vibrant nightlife, a dynamic theatre scene, an amazing variety of cuisine, and wonderful weekend getaways, the “Gateway of South India’’ has a lot to offer students wanting to let their hair down.
List of Top 10 MBA Colleges in Chennai
The Institution’s / Organization’s Ranking done by WAC is a result of the research done by our team. It is totally Independent of the Rankings done by the Govt. Bodies. if any Institute has any Queries regarding any Information Updates or has conflicting ideas in terms of Ranking positions can contact us. Email at [email protected] or Call on +91-9818198188.
So in your search of the MBA Colleges in Chennai, we are suggesting you the Top 10 MBA Colleges in Chennai:
Rank 1 : Loyola Institute of Business Administration
Founded in 1979, LIBA, one of the oldest MBA colleges in Chennai is affiliated with the University of Madras and managed by Jesuits. The campus located within the premises of sprawling Loyola College is lush green and scenic. Equipped with the high-tech infrastructure, a knowledgeable faculty, and the best facilities, the institute imparts a quality education infused with the essence of innovation and entrepreneurship.
Course Name – Entrance & Eligibility
LIBA offers a full-time PGDM (2 years) course spread over six trimesters. Admission is on the basis of XAT/CAT scores followed by Group Discussion/Personal Interview (GD/PI). The academic rigor is the perfect blend of lectures, workshops, summer internships, case studies, projects, seminars, conferences, and serious debates. The course focuses on strengthening foundational business concepts before proceeding towards advanced learning tailored to specific areas of interest.
Placements
LIBA boasts an envious placement record. It ensures career development for its students, through recruitment drives, job fairs, and a widespread alumni network. The highest package for the outgoing batch was Rs.17 lakhs and the average Rs.10 lakhs per annum. Prominent recruiters include Citi Bank, Yes Bank, Wipro, JP Morgan Services, ICICI Securities, Asian Paints, Nestle, Walmart India, Mahindra & Mahindra Ltd. Tata Motors, Bharti Airtel, etc.
Differential Factor
LIBA has tie-ups with corporate biggies like Bharti Foundations, Palaniswamy Trust, Hyundai Motors India Limited, etc. to offer scholarships to brilliant minds. It also has collaborations and exchange programs with foreign universities such as Binary University Malaysia, University of Dayton USA, and Santa Clara University, USA to name a few.
Contact
- Address : Tank Bund Road, Nungambakkam, Chennai 600 034 India.
- Phone :+91 44 28177100
- Website : www.liba.edu/
Rank 2 : Great Lakes Institute of Management
Since its inception in 2004, there is no looking back for GL. In the short span of just 14 years, the institute has cemented its position as a premier MBA College in the country. The beautifully landscaped campus with modern infrastructure, distinguished academicians, strong corporate connections, and an innovative curriculum is the ideal destination to acquire a prestigious degree.
Coming to honors, the institute was ranked 3rd by Outlook India & 4th by Businessworld in One year MBAs (2017-18), 9th by Business India & 14th by Business Today in Top B-schools and 2nd in Private B-schools by NIRF. It also grabbed the 16th spot in the Private B-school ranking by NIRF (2018).
Course Name – Entrance & Eligibility
- GL offers a one-year full-time Post-Graduate Program in Management (PGPM) along with a two-year full-time Post Graduate Diploma in Management (PGDM) program. The former is designed for professionals/entrepreneurs and requires 2+ years of work experience.
- The latter, an AICTE approved program helps groom students with managerial skills and leadership qualities. Admission for PGPM and PGDM courses rests on the GMAT and on CAT/ XAT/CMAT scores respectively. Students can opt for specializations in Marketing, Operations & IT, Finance, Analytics, and AI & Machine Learning.
Placements
- Despite being a newbie in the domain, GL achieves good placements by connecting students with niche companies. The 2018 batch recorded an excellent season. The average CTC was 12.17 lakhs and the highest domestic CTC 18.3 lakhs per annum.
- Diverse companies like Accenture, Amazon, Deloitte, Aditya Birla Group, Infosys, Barclays, L& T, Capgemini, Flipkart, Ola Cabs, HCL, HSBC, Mindtree, Swiggy, HCL, Tata Consultancy Services, Tech Mahindra, Wipro, etc. participated in the recruitment drive.
Differential Factor
The institute is globally accredited by AMBA, UK, and SAQS. The 27 acres, LEED Platinum-rated green campus is counted among the best in the world. GL has an extensive (7800+) alumni network spread across 30 countries.
Contact
- Address : East Coast Road, Manamai Village ThirukazhukundramTaluk, Kancheepuram District. Tamil Nadu – 603102
- Phone :+91-44-30809000
- Website : www.greatlakes.edu.in
Rank 3 : Department of Management Studies IIT Madras
DoMS, a business school under the umbrella of the Indian Institute of Technology Madras (IITM), came into existence in 2004. It is counted among the top MBA Colleges of Chennai. Away from the hustle and bustle, the grassy campus full of flora and fauna, lakes, animals, and more is beautiful. The icing on the cake is good infrastructure, fantastic amenities, an excellent curriculum, and highly qualified faculty. DoMS doesn’t participate in the rankings system and strongly believes in its motto ‘Quiet Excellence Demonstrated’.
Course Name – Entrance & Eligibility
The MBA at DoMS (46 seats) is a full-time, two-year course, split into a total of 4 semesters. A valid CAT score, previous academic performance, and work experience are considered for shortlisting candidates. The curriculum, a wonderful balance of theory, practical activities, case studies, internship, workshops, and projects provides an enriching learning experience for all-around development.
Placements
In terms of the placement scenario, DoMS is decent. Students manage to nail lucrative jobs with good salaries. The highest package for the 2018 batch was 17.40 lakh and the average 16.63 lakh per annum. A total of 27 companies including the likes of Google, Wipro, Amazon, RBS, Tech Mahindra, Dell, Cisco, Virtusa, Cognizant, etc. chipped in the enlistment process.
Differential Factor
The IIT tag certainly adds appeal to the institute. The cost of the program is nominal making the ROI rather good. Batch sizes at DoMS are small which facilitates better interaction between students and faculty. The institute has an exchange program with leading foreign universities.
Contact
- Address : Delhi Avenue, Gajendra Circle, Indian Institute of Technology, Chennai, Tamil Nadu 600036
- Phone : 044 2257 4550
- Website : www.doms.iitm.ac.in/
Rank 4 : Institute for Financial Management and Research
IFMR, a non-profit organization is recognized as one of the best establishments to pursue MBA. It was founded in 1970 with the objective to mentor students with knowledge, skills, and attributes to function successfully in the business world. The fully residential, Wi-Fi-enabled campus set on 40 acres is located in Sri City, 70kms from Chennai.
Equipped with modern infrastructure, all the basic amenities, and a dynamic curriculum, IFMR promises a rewarding learning experience. In terms of ranking, the institute bagged the 38th spot among ‘Top Management institutes in Andhra Pradesh’ by NIRF (2017) and 15th in the ‘Top Private Business Schools in India’ category by Business World (2016).
Course Name – Entrance & Eligibility
IFMR offers a full-time (2-year) MBA program based on the trimester pattern. The admission criterion to the course is a valid score in entrance exams like CAT/ XAT/ CMAT / GMAT & GRE. The extensive curriculum (22 core and around 55 elective modules spanning 8 disciplines) helps provide practical exposure as well as theoretical knowledge for holistic development.
Students have a choice of specializing in streams like Finance, Marketing, IT & Operations, HR, and Financial Engineering, with additional specializations in Banking Financial Services and Insurance (BFSI) and Data Sciences (i.e. Business Analytics). The 2-month summer internship at the end of the first year is mandatory.
Placements
Thanks to a well-structured placement cell, the campus recruitments at IFMR are impressive. Most of the students obtain good jobs matching their profiles. The average package offered to the 2018 batch was around Rs.9 lakh and the highest Rs.18 lakh per annum. Companies that visited the campus were Credit Suisse, HSBC, Capgemini, Deloitte, Wipro, HDFC, JP Morgan, KPMG, Accenture, and Cognizant among several others.
Differential Factor
The institute has partnered with MIT and Harvard for research undertakings. The faculty members are Ph.D. holders from IITs, IIMs and reputable universities like Minnesota, Texas, Ohio, Georgia and A&M. IFMR also offers scholarships of Rs.1 lakh to the top 10% of students based on merit.
Contact
- Address : 5655, Central Express Way, Sector 24, Sri City, Chittoor –517 646
- Email : [email protected]
- Website : www.krea.edu.in/ifmrgsb/
Rank 5 : SSN School of Management
SSN School of Management was founded in 2000 to equip students with skills, concepts, and tools to make an impact in today’s competitive business environment. Spread over 250-acres, the campus with open green spaces is clean and environment-friendly. Outfitted with world-class infrastructure, a well-stocked library, labs, spacious classrooms, and excellent facilities, the institute has everything to impart an exceptional learning experience. SSN was ranked 33 among ‘Top 50 Management Institutes for Research and Teaching’ in India by NIRF (MHRD) in 2016.
Course Name – Entrance & Eligibility
- The full-time MBA at SSN is a two-year, fully residential program divided into four semesters. Admission for (120 seats) is through the CAT/XAT/CMAT/ATMA/MAT /TANCET score. The course involves general lectures plus case studies, active discussions, projects, workshops, and presentations.
- The first year is about gaining in-depth knowledge of basic business concepts while the second focuses on dual specializations (Marketing, HR, Finance, and Operations) and a variety of electives. Exams are held after each semester. A 2- month internship is compulsory to gain hands-on experience.
Placements
SSN goes the distance to help students clinch good placements. Apart from providing them opportunities for interactions with prospective employers, the institute offers training on polishing soft skills and interview etiquette. The 2018 placement season was pretty decent. The average package was around 4lakh and the maximum 6.5 lakh per annum. Companies like HCL, HDFC, Axis Bank, TCS, IndusInd Bank, Godrej, and Deloitte among others participated.
Differential Factor
SSN offers a two-part internship. The first stint (4 weeks) is between the 1st and 2nd year while the next leg (16 weeks) is in the final semester. Other highlights of the curriculum include industry analysis, book reviews, industrial visits, and guest lectures by eminent personalities. Meritorious students with financial constraints get a good scholarship.
Contact
- Address : Old Mahabalipuram Road, Kalavakkam, Chennai-603110
- Phone : 044 2746 9700
- Website : www.ssn.edu.in
Rank 6 : Institute for Technology and Management (ITM) University
Institute for Technology and Management, popularly known as ITM was established in 1993. Viewed among one of the leading B-schools of the country, ITM has emerged as a popular choice for MBA aspirants in Chennai. The 25-year old campus known for world-class faculty, exceptional facilities, and state-of-the-art syllabus has produced some dynamic business leaders. The institute has been consistently ranked among the top 3 business schools of South India by CSR.
Course Name – Entrance & Eligibility
- ITM extends a two-year full-time AICTE approved PGDM program spread over 4 semesters. Selection for the course is based on the score attained in CAT/XAT/MAT/CMAT/ATMA/GMAT & State CET. The curriculum, designed to fit market trends combines theory and practical activities along with workshops, projects, and internships.
- Emphasis is laid on strengthening basic aspects of management in the first year followed by specializations (Finance, Marketing, Supply Chain & Operations Management, and Human Resources Management )in the second.
Placements
The placement system at ITM is extremely well organised enabling the institute to enjoy an exceptional record. The highest salary for the 2015-17 placements stood at Rs.6.5 lakh, average at Rs.5.2 lakh and lowest at Rs.2.5 lakh per annum. Key recruiters included TCS, Tata Capital, CUB, HDFC Bank, BNB Paribas, CAMS, Jet Airways, Kotak Mahindra, Shoppers Stop, HCL, Phillips, Aditya Birla Group. etc.
Differential Factor
Thanks to its unique location in SIPCOT IT Park, students enjoy good industrial exposure and placements. The institute has collaborations with international universities for exchange programs. Students are encouraged to participate in NGO activities to imbibe moral values.
