List of Top B Schools in India
Introduction of Top B Schools
India is a home for 3000 business schools offering PGDM / MBA courses and each management institute claims to provide the best quality education and opportunities without backing up their claims with any facts. However an MBA can really pay off and be a life changer if done from one of the Top B Schools in India.
Finding the right B School among the most reputed of the country is another challenge that the aspirants experiences. Even before writing the exams it is important for the aspirants to know more about their dream B School and what is required from them to secure a seat in that B School.
In order to help you in the final selection of a B School, we have listed some of the top Business Schools of India.
Parameters that we have looked at while selecting Top B Schools
1. Placement statistics
Placement statistics of B schools is definitely not the only criteria to decide the rankings of the Business School but it surely is among the numerous parameters to decide on the preferred B School.
However, as the other parameters can only be visualized and objectively measured long later after one graduate from the MBA programme, salaries at the time of campus placements are used as an indirect measure to judge the quality of the MBA programme.
The advantage with salary data is that such data are broadly objective – one can lay a finger on them and develop some general understanding about the quality of placements at a B School.
2. Cut-off score in entrance exam
Cutoff percentile is a strong indicator in terms of quality of B School as well as the quality of the students at a B School – the higher the cutoff, the better the quality of the students and better the B School.
It is also important to note that the quality of students directly impacts the quality of learning, especially as the amount of peer learning that happens at top B Schools is quite significant.
It is important that the B School is located in an area close to the industry, education hubs and policy-making bodies. B Schools in metro cities are the top choice due to the presence of industrial houses belonging to various sectors.
Fee is not an independent factor to appraise a B School, it is used in conjunction with other parameters like placement and brand value to evaluate the quality of the B School.
The RoI of B School needs to be considered carefully, particularly when the fee level is high. This would mean that unless a student gets a pay package of a certain value, the fee expense doesn’t make much financial sense.
These days, there are numerous banks which offer education loans on easy terms, and that can fulfill the requirements of completing your operating expenses of the course in Top B Schools.
The faculty is the prime factor when it comes to rank the B Schools. Faculty is the one who is responsible for imparting quality education, and continuous support from faculty members brings out the best in the students.
6. Industry Linkage
This factor is considered important now a days because of the increasing value of doing live projects with reputed companies during college tenure. It gives students the opportunity to get industrial exposure and expand practical knowledge during the tenure of your course. Industry partnerships ensures that students obtain interesting and knowledge-enhancing internships and live projects during their course with reputed companies. These projects help in obtaining desired jobs in future as well.
A brand is formed over the years when great practices are carried on over and over again for a long tenure, creating a rich legacy. A great brand is what makes a college rank in the list of Top B Schools. It’s always recommended that you join a ‘branded’ institution with proper industry backup. It create students as per immediate market requirements for ready acceptance in relevant job profile in reputed organisations
How to fund your MBA at Top B Schools?
As they say, the single most important factor in the selection of an institute would be the return on investment. We need to take into consideration the amount of money (in terms of salary) we can expect to make after MBA from a given institute and how much money will be spent in getting the degree. And, in this respect the fee charged by the B-schools becomes extremely significant. Also, for most of us the question of "where will the money come from?" always haunts us while thinking about the top B Schools.
Sources of Financing
A. Education Loan
Now a days, it is comparatively easy to get an education loan from banks at concessional interest rates especially if you are studying at top B Schools, because of the Ministry of Human Resource Development's commitment to make sure that no deserving candidate must have to forgo his Management Education dream because of lack of money.
- A number of banks, both in the public and the private sector, are willing to provide education loans to those who have gained admission to the reputed B Schools.
- Loans from such banks cover the price of tuition and could also cover some of the additional costs like computer fee, library fee, hostel fee, and laptop. If the student wants to go to get an exchange plan, even that cost is covered in the loan.
- The interest rate charged by the banks could differ -- with all the Public Sector Banks being on the lower side (around 9%).
- Mostly a moratorium of 1-2 years may be attached to the loan, meaning in this period you just have to pay the interest part of the loan -- the repayment of the principal begins only after this period is over.
- The interest component of the Education Loan is exempt from Income Tax - according to the GoI rules. Consequently, if a loan has been shot at a 10% interest rate and the person is at the 30% Income Tax bracket, the effective interest rate is merely a 7 percent.
- No security or collateral is required on loans up to some limit (normally around Rs. 4 Lakhs). For loans above this limitation, the banks may/may not need security. It would mostly depend on how good the B School is.
- Sometimes, it may so happen that a given bank may not recognise the B School to which the student has secured admission. In that case too, the bank could offer a loan to the student if he is able to furnish adequate collateral/security.
Banks are willing to open their wallet if you get selected at one of Top B Schools in India and that too even with out collateral
B. Merit-cum-means Scholarship
Many Top B Schools itself provides a merit-cum-means scholarship to the deserving students. Generally, they offer scholarship based on their financial background, qualification, performance in the entrance test, performance in the B School etc.
How to get into Top B Schools?
The following table brings you the list of top MBA entrance exams in India along with the important dates which you must take to get into Top B Schools:
|Exam||Application Window||Exam Date||Result Date|
|Common Admission Test (CAT)||First week of August to last week of September||Single day test window in December||Second week of January|
|Xavier Aptitude Test (XAT)||First week of September to first week of December||First Sunday of January||Last week of January|
|Indian Institute of Foreign Trade (IIFT)||Third week of July||Fourth Sunday of November||Third week of December|
|Common Management Aptitude Test (CMAT)||Second week of October to last week of December||Fourth week of January||First week of February|
|Management Aptitude Test (MAT)||Second week of December to third week of January First week of March to third week of April First week of July to third week of August First week of October to third week of November||First and second week of February First and second week of May First and second week of September First and second week of December||Last week of February Last week of May Last week of September Last week of December|
|NMAT by GMAC||First week of July to last week of September||One and half months window from first week of October to third week of December||Third week of January|
|Symbiosis National Aptitude Test (SNAP)||Third week of August to last week of November||Third Sunday of December||Second week of January|
|Maharashtra Common Entrance Test (MAH CET)||Third week of January to second week of February||First week of March||Fourth week of March|
|Tamil Nadu Common Entrance Test (TANCET)||Fourth week of January to fourth week of February||Third week of March||Second week of April|
|Andhra Pradesh Integrated Common Entrance Test (APICET)||First week of March to first week of April||First week of May||Third week of May|
|Telangana State Integrated Common Entrance Test (TSICET)||Second week of March to third week of April||Third week of May||Fourth week of May|
|Karnataka Post Graduate Common Entrance Test (PGCET)||First week of June to fourth week of June||Last week of June||First week of August|
|Karnataka Management Aptitude Test (KMAT)||Third week of May to first week of June||First week of July||Fourth week of July|
|Odisha Joint Entrance Exam MBA (OJEE MBA)||First week of February to fourth week of March||Third week of May||Fourth week of May|
|Himachal Pradesh University Management Aptitude Test (HPUMAT)||Third week of April to third week of May||First week of June||Third week of June|
|IRMA Entrance Exam||First week of October to third week of January||Second week of February||Fourth week of March|
|MICA Aptitude Test (MICAT)||First week of September to first week of December First week of January to first week of February||Second week of December Second week of February||First week of February First week of March|
|TISS National Entrance Test (TISSNET)||Fourth week of September to first week of December||First week of January||Second week of February|
|UPES Management Entrance Test (UPES MET)||Third week of January||First week of February||Last week of February|
Note: The above mentioned dates are based on last year’s schedule and subject to change based on the discretion of the exam conducting bodies.