Life throws a lot of choices at us, and we as people are defined by the way that we react to them. Some of those decisions are unimportant, such as which route to take to work or whether to have a second scoop of ice cream. Other decisions, such as whether to apply for a job or whether to move to a new city, are at the other end of the spectrum – they’re so important that we need to put a lot of thoughts, before we arrive at a decision. Read more about the Executive MBA in India.
One of the biggest decisions that many of us face is which business school to attend. After all, if you’re going to invest in your future then you might as well do it properly. You should set your sights as high as possible because getting into a good school will make a huge difference to both the standard of your education and the kind of salary that you’re likely to receive after you graduate and get a job.
And so with that in mind, let’s take a look at the best eight business schools in India.
Indian Institute of Management Ahmedabad (IIMA)
You’ll see the IIMA at the top of most lists like these because it’s consistently ranked at or near the top of the list of the best Indian MBA colleges for several years. Based in Ahmedabad, Gujarat, it has over fifty years of history and the kind of reputation for excellence that you can only earn through a long track record of success from faculty and students.
Indian School of Business (ISB)
The Indian School of Business has campuses in Hyderabad, Telangana, Mohali, Punjab, and despite being a relative newcomer (it turned 15 in 2016) it’s already making a name for itself. In 2008, it became the first Indian business school to enter the Financial Times’ Global MBA ranking. It was founded by execs from McKinsey and was backed by the Indian government, catering to 900 students across its two locations.
Management Development Institute (MDI)
The Management Development Institute (MDI) is based in Gurgaon, Haryana and is a particular favorite among students who want to go into the energy sector thanks to their PGP in Energy Management. Established in 1973 by the Industrial Finance Corporation of India, they now have a second campus near Murshidabad, West Bengal.
Xavier Institute of Management (XLRI)
The Xavier Institute of Management is based in Jamshedpur, Jharkhand, and it’s recognized as India’s oldest business management school thanks to its creation back in 1949 as the Xavier Labor Relations Institute. The courses on offer include Business Management, Human Resources Management and a 15-month full-time General Management program. There’s a lot of choice on offer for potential students.
The Faculty of Management Studies (FMS) is based in New Delhi and was initially established back in 1954 as a part of the University of Delhi. It has a mixture of part-time and full-time courses on offer and was one of the first Indian business schools to offer a full-time MBA. Students call the FMS ‘the Red Building of Dreams’ and it’s known for being one of the highest performing institutions in the country.
S. P. Jain Institute of Management and Research (SPJIMR)
The S. P. Jain Institute of Management and Research is a little different to some of the other names on our list. This is because it’s part of the Bharatiya Vidya Bhavan Educational Trust. Its 45-acre campus is in Mumbai, Maharashtra, and it welcomes around 700 students with just over a hundred academic staff. With its motto of “knowledge is nectar”, it’s grown rapidly since its inception in 1981 and has developed an impressive reputation.
International Management Institute (IMI)
This New Delhi institute is one of several Indian business schools to be founded privately in the 1980s. But it’s arguably the most eminent and a well respected one. There’s one interesting fact about IMI New Delhi. It was the first of India’s business schools to be corporate sponsored. It reflects its commitment to providing students with practical knowledge. This knowledge will surely be useful when they enter the world of business.
Jamnalal Bajaj Institute of Management Studies (JBIMS)
JBIMS was named after the industrialist and philanthropist Jamnalal Balaj. It was established in 1965 by the University of Mumbai in collaboration with Stanford University. This institute acts as Mumbai University’s Department of Management Studies. It also has a number of notable alumni including acclaimed filmmakers, voice-over artists, businessmen, entrepreneurs and more. It’s in the heart of South Mumbai. Many financial companies have based their headquarters at this place. This is a good news if you want to pick up a little work experience while you’re there.
Remember that a lot of different factors go into your choice of deciding where to study. Cost is a huge factor. You’ll need to cover both the cost of the course and the cost of living. This is why it’s often a good idea to choose a local business school to cut down on several costs. You’ll also want to make sure that the institute you choose has the course on offer that you want.
Most business schools will host regular open days. So that you can go and have a look around before you make a decision. Take advantage of this opportunity, because it’s the only way to know whether you’re making the right decision beforehand. Check out Convenience and Effective Means of Doing MBA.
Happy Studying!
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