Best MBA Colleges in India
1. IIM Ahmedabad
Founder: Director is Ravi.J.Matthai.
Established: 1961
IIM Ahmedabad (Indian Institute of Management Ahmedabad) is a business school in Ahmedabad, Gujarat, India. In 2017, the Ministry of Human Resources of the Government of India designated the school as an Institute of National Importance. The institute, which was founded in 1961, offers master’s degree programs in management and agri-business management, as well as a fellowship program and a variety of executive training programs. On December 11, 1961, IIM Ahmedabad was founded with the active support of the Government of India, the Government of Gujarat, Harvard Business School, and prominent members of the Indian industry. The institute was founded by physicist Vikram Sarabhai and businessman Kasturbhai Lalbhai, both of whom are Ahmedabad natives. His name is commemorated by the Kasturbhai Lalbhai Management Development Centre and the Kasturbhai Lalbhai Chair in Entrepreneurship at the institute. Ravi J. Matthai, a management educator, and several other Ahmedabad-based businessmen were also instrumental in its formation. Between 1962 and 1965, Kamla Chowdhary was the institute’s first faculty member and program coordinator.
Placements: The placement process for graduating students is divided into two stages. The first is the laterals process, which takes place in January and involves firms interviewing students with prior work experience and offering them mid-level management positions. The second stage is the final placement process, which takes place in February. To avoid conflicts of interest and ensure a fair process, the newly elected committee of PGP1s handles this process. Companies from various industries and geographies hire candidates for a variety of positions.
2. IIM Bangalore
Founder: Director is Rishikesha.T.Krishnan
Established: 1973
The Indian Institute of Management Bangalore (IIM Bangalore or IIMB) is a public business school and National Institute of Importance in Bangalore, India. It was the third IIM to be established, following IIM Calcutta and IIM Ahmedabad.
The institute offers postgraduate, doctoral, executive education, and certificate programs. The school’s flagship program is the MBA, which is available in three formats: one-year full-time, two-year full-time, and two-year executive. In 1972, a committee led by Ravi J. Matthai, founding director of IIM Ahmedabad and IRMA, recommended the establishment of two more IIMs in response to the rising demand for graduates of the first two prestigious IIMs, IIM Calcutta and IIM Ahmedabad. The Bangalore Institute was established solely to serve the needs of public sector enterprises. The Karnataka government provided free land and a contribution of 3 million rupees (US$39,000) for the proposed institute. T. A. Pai and N. S. Ramaswamy have been named chairman and director, respectively. Indira Gandhi, India’s then-Prime Minister, dedicated the institute on October 28, 1973.
Placement
Every year, more than 100 companies from around the world visit the campus for summer and final placements. The Career Development Services oversee the placement processes, which are facilitated by the Placement Committee.
3. IIM Calcutta
Founder: Director is Uttam Kumar Sarkar.
Established: 1961
The Indian Institute of Management Calcutta (IIM-C) is an Indian public business school located in Joka, Kolkata, West Bengal. It was the first Indian Institute of Management to be established, and it was designated as an Institute of National Importance by the Government of India in 2017. Following India’s independence in 1947, the Planning Commission was tasked with overseeing and directing the country’s development. In the 1950s, India proliferated, and by the late 1950s, the Commission was having difficulty finding suitable managers for the large number of public-sector enterprises being established in India as part of its industrial policy. To address this issue, the Planning Commission invited Professor George Robbins of the University of California to assist in the establishment of an all-India level institute of management studies in 1959. The Indian government decided to establish two elite management institutes named Indian Institutes of Management in response to his recommendations.
IIM Calcutta has a global network of partner B-schools with which it runs student exchange programs. The student exchange program (STEP) for the postgraduate program is usually held in the fifth term, between August and September, and December. Every year during this period, more than a hundred students from IIM Calcutta leave for foreign institutes, and an equal number of students from various B-schools arrive to spend the term at IIM Calcutta. Other academic programs at IIM-C provide exchange opportunities as well.
4. IIM Indore
Founder: Prof. Himanshu Rai
Established: 1996
The Indian Institute of Management Indore (IIM-I) is a self-governing public business school in Indore, Madhya Pradesh, India. IIM Indore was founded in 1996 and is the sixth addition to the Indian Institute of Management (IIM) family of management schools. It was designated as an institute of national importance in 2017 along with the other IIMs. IIM Indore was founded in 1996 as the sixth Indian Institute of Management after IIM Calcutta (1961), IIM Ahmedabad (1961), IIM Bangalore (1973), IIM Lucknow (1984), and IIM Kozhikode (1984). It began operations at the Government Polytechnic College in Rajendra Nagar, Indore. Its first MBA (PGP) batch, consisting of 37 students, began in June 1998.
Dr. Vijendra Nath Asopa was appointed as the institute’s first Director. Dr. Rajan Saxena was appointed Director in 1999. [Citation required] IIM Indore received its first award, the Business Standard-sponsored Best Business School Award, at the “World Strategy Forum” held October 14–17, 1999 at the Nehru Centre in Mumbai.
5. IIM Kozhikode
Director: Prof. Debashis Chatterjee
Established: 1996
The Indian Institute of Management Kozhikode (IIM Kozhikode or IIMK) is a self-governing public business school in Calicut (Kozhikode), Kerala. The institute, founded in 1996 by the Government of India in collaboration with the Kerala State Government, is one of 20 Indian Institutes of Management (IIMs). It was the fifth IIM to be founded. The Government of India established the Indian Institute of Management Kozhikode in 1996 in collaboration with the Government of Kerala, and the first batch of 42 students began in 1997 at the National Institute of Technology Calicut’s temporary campus. The current campus at Kunnamangalam was identified in 2000. The institute was designed and built the following year by Joseph Stein (also the architect of the India Habitat Centre in Delhi) and Stein Mani Chowla Architects. IIM Kozhikode began using its hilltop campus in 2003. The campus was inaugurated by the then-President of India, APJ Abdul Kalam. The institute currently has 900 graduate students and 79 doctoral students enrolled full-time. Admission to the PGP course is based on the Common Admission Test (CAT) administered by the IIMs for admission to graduate management programs at 20 campuses. Test-takers regard the CAT as one of the most difficult exams in the world, with a success rate of about one in a hundred.
Placement, The placement drive for the batch 2022 at the Indian Institute of Management Kozhikode was completed, with 116 companies, including 39 new recruiters, making 571 offers to 546 students. The average CTC increased by 31.3 percent to INR 29.5 LPA, while the median CTC increased by 26.5 percent to INR 26.5 LPA.
