Chennai, also known as Madras, is the capital of Tamil Nadu and from the past two decades, it has emerged as one of the leading medical centres of the country. There are many prominent research institutes, namely Council of Scientific and Industrial Research, the Central Leather Research Institute, M.S. Swaminathan Research Foundation.Chennai has a rich culture where traditional dance forms like Kuchipudi and Bharata Natyam are learnt by city residents. A major tourist destination “Mamallapuram”, a historic town, situated south of Chennai is an architectural marvel.
Students pursuing graduation should be aware of essential parameters like fee structure, average placements, admission process etc. to finally select the best MBA college in Chennai. This article has been compiled after in-depth research about the various MBA colleges and will provide you with relevant information regarding the best MBA college in Chennai.
Some of the parameters we used to judge these MBA colleges included:-
- Faculty Experience
- Industry Exposure
- University Collaborations
- Physical Infrastructure
- Average Package
Our industry experts with more than 20 years of experience have rated these top MBA colleges on the above factors, and this quantitative data has been then supplemented with qualitative factors such as student feedback, faculty accessibility etc. to give you one of the best B-school ranking lists available online.
MBA colleges in Chennai accepting CAT, XAT, CMAT and GMAT scores:-
- As a management aspirant, you should be aware of the list of best MBA colleges that accept CAT, XAT or GMAT scores for the final intake of students in the two-year management program
- One of the best MBA colleges in this city is Great Lakes which accepts GMAT/CAT/XAT/CMAT scores for the enrollment of students to their Post Graduate Programme in Management. Great Lakes believes in providing its students education par excellence with a global outlook. It is an institution which fosters excellence in management, innovation and entrepreneurship for the development of society as a whole.
- One of the top MBA colleges IIT Chennai (Dept. Management studies) accepts CAT scores for the intake of students for enrollment to their management programs. The institute endeavours to be globally unique in its pedagogy, insights, creativity and expertise in management thought and practice.
- Another top MBA college for pursuing management course is the Loyola Institute of Business Administration. It accepts CAT and XAT scores. This institute imparts quality management education and believes in inculcating in students ethical values, sensitivity to the environment and strong leadership skills.
- Another MBA college which has gained a good reputation in the field of management education is Institute of Financial Mgt & Research. It accepts scores of CAT / XAT / CMAT / GMAT & GRE scores followed by written ability test (WAT) and personal interview. A point to be noted here is that IFMR has focused on translating critical aspects of management education into pragmatic managerial excellence so that these managers excel in their endeavours.
- A student who intends to do an MBA from Anna university is an excellent choice. The students have to appear for TANCET (Tamilnadu common entrance test) to get enrolled in the MBA programme.
Chennai – Preferred city to pursue Management Programs (MBA)
Let’s have a look at the reasons:-
A) Epicenter for various business activities:-
Several development sectors and business processing organizations (BPOs) have evolved in Chennai, and it has contributed majorly to the economic growth of this city. Many IT companies like Wipro, Mahindra, TCS, Infosys, IBM, HP etc. have their offices in this city. Chennai is also known as ‘India’s Automobile Centre’ as it is the hub for many domestic and international automobile companies. Many companies like BMW, Nissan, Hindustan Motors, Royal Enfield, Ashok Leyland etc. have their manufacturing units here.
B) Immense career opportunities for Management students:-
A youth equipped with requisite skill and knowledge will have innumerable opportunities for growth in Chennai. Tidel Park, one of India’s largest IT parks, is situated here. Huge conglomerates like the TVS group and the Murugappa group employ a large number of people. Chennai has many electronic manufacturing companies like Samsung, Motorola, Sony Ericcson etc. have great avenues for growth to the management graduates.
Let’s have a look at the fee structure and the average salary structure of various colleges:-
Top MBA colleges in Chennai - Fee structure and average salary (subject to revision):-
|
Name of Colleges
|
Fee Structure
|
Avg. Placement Salary
|
|
Great Lakes Institute of Management
|
Rs. 11,39,000 (total fees)
|
Rs 13 LPA (approx.)
|
|
Department of Management Studies (IIT)
|
Rs. 8,00,000 (total fees)
|
Rs 12.44 LPA
|
|
Loyola Institute of Business Administration
|
Rs. 12,70,970 (total fees)
|
Rs 9.5 LPA
|
|
Institute of Financial Mgt & Research
|
Rs 12,00,000 (total fees)
|
Rs 8 LPA
|
|
Department of Management Studies (Anna University)
|
Rs 1,55,000 (total fees)
|
Rs 6 LPA (approx.)
|
|
ITM Business school
|
Rs 2,84,000 (total fees)
|
Rs 5 LPA(approx.)
|
|
Adhiyamaan College Of Engineering
|
Rs 70,000(approx.)
|
Rs 2,45,000
|
The best business colleges in India are the ones which offer management education that keeps pace with Global MBA environment. The management colleges should have either been accredited with one or more international accreditations or should be in the process of being awarded with it. These top colleges have a unique pedagogy and highly qualified faculty; the students at the best MBA colleges in India get consistently higher average placements year after year as they become industry ready.
The top ranking MBA colleges include not only the Indian Institutes of Management (IIMs) but also some of the other university-affiliated and private MBA colleges which are doing much better than many of the newer IIMs. The best MBA colleges and a number of IIMs have a similar fee structure, but some of the newer IIMs placements, IIM Admission process and the IIMs average salary in placement tend to lag behind in a number of these best MBA colleges. This exhaustive list of top colleges to pursue your management education from has been compiled after comprehensive research of MBA universities and colleges by our panel of experts.
Conclusion:-
Therefore, we recommend that first analyze as to what are the parameters which are important for you and then decide the college which caters to these parameters. Most importantly, you have to give in 100% to achieve your goal. All the best !!!