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Today, MBA aspirants have numerous options regarding choosing the best B-School. Usually, most of the students look for a B-School with good placement percentage, companies visiting for placements, packages offered teaching and learning environment. There is a general perception that if a student wants to bag a high package, he/she needs to opt for a top B-School. The fee structure at the top B-School is high compared to other institutes.
However, it is not necessary to get worried about fee structure. It is necessary to look at the returns a student gets after getting placed with a high package. With an objective to clarify all your doubts about the fee structure and returns, CollegeDekho brings you the list of top B-Schools in India which have been performing exceptionally well regarding placements and is complete value for money.
Also Read: Quick View of Placements at IITs in 2016
According to an analysis by a leading journal - Business Line's Inform & Inspire Rankings and Ratings, the performance of top B-Schools in all the areas during the academic year 2015-16 is mentioned below. These colleges promise a good Return on Investment, which is definitely value for money in the long run. To simplify, the amount of money you spend paying fees at these top management schools in India, is equated by the time you complete your course, because, by default, the package you are offered, makes it worth your while.
Return on investment of top B-Schools in India:
Indian Institute of Management, Ahmedabad:
The average fee structure at IIM-Ahmedabad for MBA course is Rs. 18.50 lakh (for two years). However, in the year 2015, the average package that some of the students bagged were Rs. 20.47 lakh per annum. It is clear that the average package bagged by a student is more than the fee structure. Giving more emphasis to mind-sharpening activities rather than classroom lectures would be the reason for students performing exceptionally well during placements. Amazon and Accenture stood as the top recruiters with 21 and 16 offers in the recent summer placements.
Indian Institute of Management, Bangalore:
IIM-Bangalore has also been performing well in placements. The institute has achieved as a top institute in Central Asia in rankings that were released recently. In the recent FT Rankings, IIM-Bangalore bagged 19th spot. The fee structure at IIM-B is Rs. 20.20 lakh and the average package that was offered by some of the companies is Rs. 19.39 lakh per annum. Various reputed consulting agencies are lining up to the Institute for recruiting students.
Indian Institute of Management, Calcutta:
IIM-Calcutta's average package during the last placement season was Rs. 20 lakh per annum and the fee structure is Rs. 16.20 lakh. The institute has been performing well in areas, and IIM-Calcutta is famous for its PGDM programmes. There is high demand for these programmes. Recently, IIM-Calcutta launched a programme in Corporate and Business Laws.
Faculty of Management Studies, Delhi:
Discussing the average package of FMS, Delhi is noteworthy. The fee structure at the institute is Rs. 1,00,000 and the average package offered by various reputed companies are around Rs. 17.04 lakh. Management courses offered here are affordable, and the returns are high.
The institute recorded 100% placements within a span of two and half days in the month of October 2016. The fee structure of the institute is around Rs. 16.75 lakh and the average package offered by some of the companies is around Rs. 17 lakh per annum. According to HRD Ministry's 'India Ranking Report 2016', XLRI bagged 13th spot among the top 100 business schools.
S.P Jain Institute of Management and Research, Mumbai:
PGDM course offered at SPJIMR; Mumbai also has much demand, and as far as placements are concerned, the institute is performing well. The fee structure is around Rs. 16.75 lakh and the average offered by a reputed company in the year 2015 was Rs. 14.50 lakh per annum.
Management Development Institute (MDI), Gurgaon:
MDI, Gurgaon is also given more emphasis to practical oriented learning rather than classroom lectures. The fee structure is around 17.15 lakh, and the average package offered to students by various companies is Rs. 16.48 lakh per annum.
Indian Institute of Foreign Trade (IIFT), Delhi:
IIFT Delhi is also one among the popular institutes for its management programmes. Various reputed companies visit the Institute for recruiting students. Here, students are not only equipped with various skills but also they have managerial skills to tackle the problems that arise in business organisations. The average package that a student is expected to get here is around Rs. 13.7 lakh and the fee structure of IIFT Delhi is Rs. 14 lakh.
Indian Institute of Management (IIM), Indore:
PGDM programmes by IIM-Indore also have great demand among the students. The institute lays more emphasis on case studies and market or industrial visit same like other top B-Schools. The average salary package that the student is expected to secure is around Rs. 13.9 lakh and the fee structure is Rs. 13 lakh.
International Management Institute (IMI), Delhi:
IMI Delhi is also one among the top B-Schools which is famous for its PGDM programme in Banking & Finance as well as Human Resource Management. Usually, consulting agencies frequent IMI, Delhi for recruitment. Various reputed firms also participate in placements. The fee structure is Rs. 14.96 lakh and the average salary package that a student can bag is approximately Rs. 9.31 lakh.
Institute of Management Technology (IMT), Ghaziabad:
IMT Ghaziabad offers PGDM courses in Finance, Executive MBA, Marketing and General Management. The minimum salary that a student can expect during placements is Rs. 9.5 lakh and the average package is approximately Rs. 9.96 lakh. The fee structure is Rs. 15 lakh for various courses.
Apart from the institutes mentioned above, the following institutes are also among Top 20 management schools in India in terms of Return on Investment (ROI):
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- T.A. Pai Management Institute (TAPMI), Manipal
- National Institute of Industrial Engineering (NITIE), Mumbai
- Jankidevi Bajaj Institute of Management Studies (JBIMS), Mumbai
- K.J. Somaiya, Mumbai
- Xavier Institute of Management, Bhubaneshwar (XIMB)
Note* - Data & Inputs from thehindubusinessline.com