Chennai often earns the label of being the home of great academic and research centers. Today, it has well-established learning destinations. It also has some of India’s best institutes, and the city boasts a particular attractiveness for all those wishing to pursue excellence in business, engineering, or management studies.
The first among them is IIT Madras, which immensely contributes to developing the credibility of the city through high-class academic programs. Chennai houses over 140 management colleges and can be termed an ideal city for MBA aspirants.
In this blog, we will understand the top MBA colleges in Chennai. If you are looking to get admission to one of the top MBA colleges in Chennai then do not miss out on this detailed guide
Here’s a list of the Top MBA Colleges in Chennai
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1. Department of Management Studies (DoMS), IIT Madras
DoMS, IIT Madras Management School is one of the top MBA colleges in Chennai that operates a two-year MBA program with courses spread over seven sections. Being very strict with respect to its curriculum, the program makes an emphasis on specializations in the areas of HR, Marketing, and Finance. The 600-acre campus in Chennai creates an ideal environment for holistic learning, and because of this, DoMS is the most sought-after MBA institute in Chennai.
Key Details:
- Fees: Rs. 8 Lakhs
- Average Placement: Rs. 12.4 LPA
- Top Recruiters: TATA, Infosys, Amazon, Accenture, Cognizant, ZS Associates, Cisco, and more.
2. Great Lakes Institute of Management (GLIM), Chennai
Founded in 2004 by Bala V. Balachandran, GLIM is the first management education pioneer in India. It was the first Indian business school to introduce a one-year, full-time PGPM, approved by AICTE, in 2008. The institute offers both the full-time and executive management programs, besides going for AMBA accreditation, thus heightening its world credentials.
Key Details:
- Fees: Rs. 19.25 Lakhs
- Average Placement: Rs. 13.1 LPA
- Special Recognition: AMBA accredited, global connections.
3. Loyola Institute of Business Administration (LIBA), Chennai
Established in the year 1979 by Society of Jesus, LIBA is the constituent unit of Loyola College Society and one of the top MBA colleges in Chennai. Combining a strict emphasis on values and outstanding performance, LIBA’s PGDM course includes the holistic growth of the student: intellectual, social, emotional, and spiritual. It confers the two-year full-time PGDM with equivalent MBA status from AIU.
Key Details:
- Fees: Rs. 12.61 Lakhs
- Average Placement: Rs. 9 LPA
- Courses: Full-time PGDM, Part-time PGDM, and Executive Diploma.
4. Xavier Institute of Management & Entrepreneurship (XIME), Chennai:
XIME Chennai is an autonomous management institute with the sole purpose of entrepreneurial leadership and global engagement. Located in a serene environment, the institute has a 100 percent placement record for its students and also has a holistic approach to learning via both curriculum and extracurricular activities which makes it the top MBA colleges in Chennai.
Key Details:
- Fees: Rs. 7.5 Lakhs
- Average Placement: Rs. 6.24 LPA
- Specializations: General Management with thrust in innovation and international experience.
5. Institute for Financial Management and Research (IFMR), Chennai
Located in Sri City, Andhra Pradesh, IFMR is an institution of national importance. IFMR conducts a two-year PGDM program that has been hybridized to combine theoretical training along with practical exposure to industry. IFMR lays strong emphasis on research-based learning and at the same time provokes students to expose themselves to problem-solving in real life.
Key Details:
- Fees: Rs. 13.2 Lakhs
- Average Placement: Rs. 8.7 LPA
- Special Programs: Full-time and part-time PGDM/MBA, Ph.D., and management development programs.
6. SRM Institute of Science and Technology, Chennai
SRM’s School of Management is one of the prominent names in the list of MBA education and top MBA colleges in Chennai. The institute offers a two-year full-time MBA course with specializations in Marketing, Finance, HR, Operations, and Systems. Industry internships feature as a part of the course to ensure that students get practical hands-on experience and exposure.
Key Details:
- Fees: Rs. 5 Lakhs
- Average Placement: Rs. 6.8 LPA
- Good industry network and scheduled internship programs.
7. Hindustan Institute of Technology and Science (HITS), Chennai
Department of Management Studies, HITS Chennai offers various MBA programs like General Management, Aviation Management, Entrepreneurship, Healthcare Management, and Hospitality Management. The Institute feels that innovative learning, leadership development, and providing opportunities in dynamic careers are essential.
Key Details:
- Fees: Rs. 4.58 Lakhs
- Average Placement: Rs. 5 LPA
- Industry-relevant training along with cross-cultural exposure.
8. Sri Sai Ram Institute of Management Studies (SIMS), Chennai
SIMS, an Anna University affiliate, offers an excellent AICTE and Government of Tamil Nadu-approved MBA program. The faculty and infrastructural facilities are good with specializations in Marketing, Finance, HR, Operations, and Systems and is one among the top MBA colleges in Chennai.
Key Details:
- Fees: Rs. 75,000
- Rated as A + institution by Business India and categorized under A3 by AIMA.
9. Institute of Technology and Management Chennai.
ITM Chennai is adjacent to SIPCOT IT Park and provides PGDM with an innovative curriculum design coupled with industry integration. The institute ranks among the top 25 management schools in India with the best campus facilities in the state.
Key Details:
- Fees: Rs. 8 Lakhs
- Average Placement: Rs. 5.6 LPA
- AA+ Rating by Careers360 India’s Best B-Schools Survey.
10. Crescent School of Business (CSB), Chennai
CSB was established in 2016 and provides the Customised Management Programme that integrates experiential learning with academic intensity. It meets the corporate world’s need for changes at high speed as required in the fields of business analytics, international business, finance, and more.
Key Details:
- Fees: Rs. 7.14 Lakhs
- Average Placement: Rs. 4-6 LPA
- Besides an emphasis on experiential learning, industry integration is their focus.
Important Points to Remember in Selecting the Right MBA College
There are many points that have to be calculated against the goals decided during the career course while selecting the top MBA colleges in Chennai:
- Ranking and Accreditation: Select the top MBA colleges in Chennai those colleges which are ranked by authentic source as that reflects the institute’s quality and reputation in industries. All the programs must have AICTE or UGC standards.
- Bachelors’ Degree or Masters’ Diploma: Both have their own pros and cons. The degrees are apt if global acceptance is desired while diplomas help them academically with the flexibility of the curriculum.
- Placement and Alumni Network: Review placement statistics and alumni support systems. Top colleges have strong industry connections and boast high placement rates with attractive salary packages.
- Faculty and Infrastructure: Ensure that the college has experienced faculty along with facilities like libraries, labs, innovation centres, and more. A joint learning environment is necessary for growth in personal as well as professional life.
- Available Specializations: Select a college that offers your preferred MBA specializations in store. A whole lot of new specializations are offered in Business Analytics, Healthcare Management, Environmental Risk Management, and so on
- Value for Money and Financial Assistance: Look at the total cost, which covers tuition fees, accommodation and other expenses. Quite a few high colleges offer scholarships and financial aid to deserving students.
- International Exposure: Institutes offering exchange programs and collaborations with international institutions provide an added advantage since students are exposed to worldwide management practices.
- Research and Development Opportunities: Institute that provides research-based learning and opportunities for projects in the real world.
Also learn the Top 10 MBA Colleges in Mumbai
Best Entrance Exams for MBA in Chennai
Candidates must clear national as well as state-level entrance exams to get admission into the top MBA colleges in Chennai. Some of the crucial entrance exams are :
- Common Admission Test: It’s an online entrance test to gain admission in premier management colleges, including IIMs and IITs.
- Xavier Aptitude Test: XAT-A national level entrance test that over 150 institutes accept, some of which include Xavier institutes.
- Management Aptitude Test- MAT: The most accepted test to gain admission into MBA and other related courses.
- GMAT: Graduate Management Admission Test – computer-adaptive test that determines analytical, quantitative and verbal skills for admissions to the world’s best MBA programs and in India Final Words
Conclusion
If you are looking to get admission in one of the top MBA colleges in Chennai consider the above pointers discussed however, it is always important to choose the right college, keeping in mind the ranking, placement, faculty and specialization options. Keeping those pointers in mind will enable you to make an informed decision and embark upon a rewarding management career.
