The business landscape continued to involve the professional business acumen to lead a perfect future with their organization. To approach this ultimate opportunity, we are offering our students to apply to the best real-world challenging top 10 MBA colleges in Chennai with business leaders. This article is going to motivate our readers a lot to pursue their degree from the place they deserve and get an excellent placement and knowledge. Two ways can help you to pursue your MBA course, which includes private and government institutions, both have great positive feedback from various MBA top students. Most of the top MBA colleges in Chennai conduct entrance exams for MBA admission.
With a lot of options available in the city, the students most often suffer from a lot of concerns and doubt while finding the best colleges for them to pursue MBA. This is because the course offers the best placement opportunities in future, and when done from a prestigious institution the opportunities can grow manifold. Therefore, we have introduced you to the top 10 MBA colleges in Chennai and also provided you with all the basic information you need to know about the particular institution, including fee structures and advantages. When made the right choice, you can also secure your successful business career with the top MBA colleges in Chennai. We will tell you which college you should choose and why, with their specializations. But before that, let have a quick glance at the definition of MBA.
What is MBA?
MBA is a professional course that focuses on the fundamentals of modern management and allows the students to understand the business while developing leadership and other soft skill to enhance their knowledge. The full form of MBA is Master of business administration.
Before admission into MBA colleges in Chennai or any other part in India, the aspirants must sit entrance exams, and the eligibility criteria for admission is a minimum of 50% in bachelors. The MBA entrance exams include CAT MAT, GMAT XAT, SNAP, etc.
We are suggesting to you the Best MBA colleges in Chennai, where taking admission will help you to achieve your dream goals.
What are the Specializations offered by MBA Colleges in Chennai?
Here are the specializations of pursuing an MBA from top MBA colleges in Chennai. From the following, you can choose what you want to pursue according to your interest:
- Finance
- Sales and marketing
- Human resources
- Operations
- IT and systems
- Transport and logistics
- Healthcare and hospital
- Supply chain
- Business analytics
- International business
Few other specializations provided by Best MBA colleges in Chennai are advertising, agriculture and food business, business economics, digital marketing, disaster management, energy and environment, entrepreneurship, family business, forestry, import and export, infrastructure, material Management, oil and gas, project management, strategic management, retail, rural management, textile management etc.
Career Opportunities After Pursuing MBA from Chennai
B-schools in Chennai offer various career opportunities by improving your knowledge and practice.
Chennai has become one of the most ever grown popular cities in India, including multiple foreign companies in all sectors. Day-by-day people are getting involved to start businesses in Chennai because of its development and growth. Including Telecom, real straight information, technology, health, banking, financial services, consulting, and retails. Chennai has become the most important part of the Indian economy, which has all the business opportunities for MBA students. There is a broad range of developed companies in Chennai, including a set of BMW manufacturing plants. The ever-growing companies in Chennai help the MBA students to work and help them to grow their companies globally.
Following skill set requirements out of MBA aspirants
MBA professional is required to have some specific skills for a better future for executing work and achieving the goals at a different level. We have listed the skills that are included in the requirements of MBA as professionals
- Adaptability
- Great Communication skill
- Leadership skill
- Conflict resolution
- Critical and problem solving
- Decision-making skills with innovation
- Initiative and drive
- Strategic thinking
- intellectual capacity
- Analytical and quantitative skills
- Global orientation
- Recognizing key factors
- Monitoring coaching skills
- Coordination and collaboration
List of Top 10 MBA Colleges in Chennai
- DoMS IIT Madras – Department of Management Studies
- Great Lakes Institute of Management, Chennai
- Loyola Institute of Business Administration
- SRM School of Management
- Hindustan Institute of Technology and Science, Chennai
- Sai Ram Institute of Management Studies
- Xavier Institute of Management & Entrepreneurship (XIME) Chennai
- Institute of Technology and Management (ITM) Chennai
- University of Madras
- Crescent School of Business
DoMS IIT MADRAS.
Established in the year 2004, to accommodate the most renowned course of Master in Business administration, DOMS (Department of Management Studies of IIT Madras) is the first IIT to welcome the enthusiasts from streams other than Engineering such as Management and has currently the largest number of management research scholars in India.
With the vision to be recognised as one of the best B-schools in Chennai, The Institute’s students gain information and improve soft skills thanks to a devoted and experienced faculty with academic and industrial backgrounds. Along with IIM Calcutta and IIT Kanpur, the department is a partner in the multi-institutional Diploma programme (PGPEX – VLM) for Visionary Leaders in Manufacturing. The Department also engages in consulting and executive development programmes. The College is approved by AICTE and has been ranked 13 by the NIRF in 2021.
Courses: Finance, HR and OB, Marketing, EMBA, PGPEX-VLM, PhD
Selection Procedure for MBA in DOMS:
Applicants can gain admission to the IIT Chennai MBA programme based on their performance in the IIMs’ CAT exam. NRIs and other international students are also able to apply for admission based on their GMAT results.
Placement and salary:
When it comes to placement the percentile is quite high for DOMS IIT MADRAS. It offers 90% placement to the students with an average salary – INR 12.44 LPA. Reputed companies that offer placement at IIT Madras include – TCS, Cognizant, South Indian Bank, Carwale, Infosys.
FEES: It ranges from 9-12 Lacs per annum.
2) Great Lakes Institute of Management:
The Great Lakes Institute of Management (often referred to as GLIM or Great Lakes) is a private business school in Chennai. Bala V. Balachandran, a professor at Kellogg School of Management, launched it in 2004 with its initial campus in Chennai. The second Great Lakes campus opened in Gurgaon, Delhi NCR, in 2011. Great Lakes University offers full-time and executive postgraduate management programmes. GLIM is one of India’s top private B-schools, notably in South India, because of its outstanding faculty.
In addition to that, Great Lakes is the youngest and 7th institute in India to receive the AMBA, UK accreditation.
Accreditation:
- 3rd (By Outlook India, Top Standalone Institution)
- 9th (By Business World, One Year Programs)
- 9th (By Business India, Top B-Schools)
- 24th (BY NIRF, TOP INDIAN B-SCHOOLS)
Courses offered:
PGPD, PGDM, PGXPM, PGPM-FLEX.
Eligibility criteria:
Selection to PGXPM and PGPM Flex in this top MBA college in Chennai is based on CAT/ XAT/ GMAT/ MAT/ CMAT/ Great Lakes Aptitude Test (GREAT), past academic performance, work experience followed by PI. While admission to MBA in Business Analytics and Global PGP for Family Enterprises Management is based on screening of applications and interviews.
Placement And Salary
Over the years, Great Lakes, Chennai, or GLIM Chennai as it is more well known, has had a string of successful placement campaigns. Placements for the PGDM class of 2022 have been completed successfully at the institute. The highest CTC was INR 33.26 LPA, and the average CTC jumped by 31% from INR 13.6 LPA to INR 17.86 LPA.
The interim report for PGPM placements in 2021 has been provided by Great Lakes Chennai. According to the report, 90% of the batch has already been deposited. The highest CTC provided was INR 31.75 LPA, with an average CTC of INR 13.63 LPA.
The final placement report for PGDM placements in the Great Lakes for 2021 has been released. The PGDM batch was placed in its entirety. The highest CTC was INR 21.5 LPA, while the average CTC was INR 21.5 LPA.
FEES: Ranges from INR 17.15 Lakhs to INR 31.72 Lakhs.
3) Loyola Institute of Business Administration
Established in 1979, LIBA is a top MBA college in Chennai. Its flagship programme is the PGDM, which is available in both full-time and part-time formats.
LIBA is a Jesuit business school. The Ignatian values of Magis (Excellence), Cura Personalis (Personal Care), and Ad Maiorem Dei Gloriam guide it (For the Greater Glory of God). They develop leaders who excel in the fields. Values and ethics guide this brilliance. They make every effort to ensure that the techniques they teach and their students learn are current, inventive, and dynamic.
It works with colleges in the United States, Mexico, France, Germany, Italy, Belgium, China, Australia, Kenya, Peru, Malaysia, Thailand, and Indonesia on a global scale. Universite De Namur
Accreditation:
AICTE approved, LIBA, Chennai has an impressive infrastructure with a NIRF Ranking of 50 in the Management Category.
Courses offered
- Executive Post Graduate Program in Business Analytics (BA)
- Executive Post Graduate Program in Healthcare Management (HCM)
- Executive Post Graduate Program in Human Resource Management (HRM).
Eligibility Criteria:
Admission to full-time PGDM is based on CAT/ XAT score followed by GD and PI rounds. While admission to part-time PGDM is offered based on Applications, WAT and PI. Apart from PGDM, LIBA also offers Executive Diploma, PGP in Logistics, Certificate and Online programs at the International and Domestic levels. Selection for these programs is based on candidates’ applications followed by a performance in PI.
Placement And Salary:
It holds a 100% placement record since its inception. In the current placement drive, the highest package was INR 18 LPA and top recruiters included Deloitte, Amazon Kindle, Cognizant, TCS, and many more.
FEES: Ranges from 1.5LPA to 3.5LPA.
4. SRM School of Management
SRM School of Management, Kanchipuram, was established in 1993 and is controlled by a private autonomous SRM University. SRM stands out because of its international staff, flexible and dynamic curriculum, intriguing research, and worldwide connections. Nanotechnology, genetic engineering, remote sensing and GIS, embedded systems, and computer forensics are among the cutting-edge programmes available to students. The majority of these courses are offered in partnership with foreign universities.
Accreditations:
The Management School in Chennai is accredited by NAAC with a grade of A+’ and recognized by UGC. SRM School of Management (SRMSOM) has also been ranked 39 for Overall by TOI 2020. The Department of Business Administration under SRMIST was started in the year 2007.
Courses Offered:
• MBA IN 13 STREAMS
• BBA
Eligibility Criteria:
Merit-based (graduation with 50%), The School also accepts the score of SRMJEE-M/ GMAT/ CAT/ MAT/ XAT/ TANCET/ CMAT for admission to its UG, PG and Doctoral Programs.
FEES: INR 3.6 LPA (MBA)
Placement And Salary:
SRM School of Management, Kanchipuram, witnessed 72.22% placements in 2020. A total of 72 students registered themselves and 52 of them got placed during the placement drive. The first day of placement drive witnessed record placement offers of 4751. 200+ new recruiters visited the campus during the placements drive. Top recruiters like Microsoft, TCS, Wipro, Infosys, Cognizant and many companies participated in the drive and the highest CTC offered was INR 41.6 LPA.
Fees: INR 3.6 LPA
5. Hindustan Institute of Technology and Science (HITS)
Hindustan Institute of Technology and Science (HITS) was formerly known as Hindustan College of Engineering is counted among one of the top 10 MBA Colleges in Chennai. It was founded in the year 1985 by Dr. K.C.G. Verghese and is headquartered in Chennai. It belongs to the Hindustan Group of Institutions and is a Deemed-to-be university.
Hindustan University is one of India’s top 50 private colleges and universities. Hindustan University’s School of Management was named the Best B-School in South India.
It is one of India’s oldest and most prestigious universities. The institute is located on a large campus with parts dedicated to studies, sports, and other co-curricular activities.
Accreditation:
HITS has been accredited by the National Assessment and Accreditation Council (NAAC) with an ‘A’ Grade and The National Institutional Ranking Framework (NIRF) ranked it 172 among engineering colleges in 2021.
Courses offered:
It offers a full-time MBA programme of a two-year duration under 17 specialisations. Out of these, two specialisations are offered in collaboration with IBM, one with IMAT and one with NSE.
- Banking, Financial Services and Insurance (in collaboration with IBM)
- Green Business (in collaboration with IMAT
- Business Analytics and Optimization (in collaboration with IBM)
- Media and Entertainment Management
- Aviation Management
PLACEMENT AND SALARY:
According to the official website, the Hindustan Institute of Science and Technology attained nearly 88.8% placements in 2020-21. Over 115 companies visited HITS during the same period and made more than 430 offers. The number of recruiters has shown a marginal rise from 113 to 115 as compared to 2020 placements. This year, the institute recorded a placement rate of 88.8% which is 20.1% higher than last year.
Annual FEES: INR 4.58 lakh- INR 5.68 lakh.
6. Sairam Institute Of Management Studies – [SIMS], Chennai:
Founder Chairman Shri. MJF Ln. Leo Muthu founded the institute with the motto “Prosperity through Innovative Management.” It is one of the most prestigious business schools in Tamil Nadu. In 1998, the Sri Sairam Engineering College established the Department of Management to meet the increased demand for management graduates across the country. The institution was granted autonomy and now offers a postgraduate programme leading to the award of an MBA degree by Anna University, which has been authorised by the AICTE and the Tamil Nadu government.
The department has modern facilities such as a syndicate room, seminar hall, computer centre, department library, audio and video equipment, and a central library with the most recent books and national and international journals.
Accreditations:
The institute’s highlights include being awarded the prestigious A3 League by Business Standard for 2021, as well as being classified as a Top Private Institute by Times B-School Survey 2021, Business Today India’s Best B-School survey ranking this institute among the Top 150 B-Schools.
Courses offered:
- Finance
- Marketing
- HRM
- System management
- OP management.
Placement and salary:
The highest salary offered till now is 4.7 LPA, with a promising placement record of 95%, SIMS gets the best companies in the town for placement offers such as Zoho, Inautix, Amazon, Wipro, TCS and much more!
Annual Fees: ranges from 75,000 P/A to 1.5 LPA.
7. Xavier Institute of Management and Entrepreneurship, Chennai:
XIME Chennai, which opened in 2017, is one of three XIME campuses in India and is considered one of the leading MBA Colleges in Chennai. Prof. J. Philip, former Director of IIM Bangalore and former Dean of XLRI, Jamshedpur, led a group of prominent academicians and professionals to found Xavier Institute of Management & Entrepreneurship (XIME), one of India’s top-ranking B-Schools. XIME began operations in Chennai in 2017, after more than two decades of high-quality academic recognition and a strong brand image in Bangalore. The campus offers a great blend of industrial expertise, scholastic temperament, and visual delight, thanks to its closeness to industrial titans and an aesthetically magnificent facade that resembles Harvard. XIME Chennai also boasts of 100% placements in the previous batch, with all students placed at distinguished firms.
Accreditations:
• Categorized A1 by Business Standard – 2021
• Ranked 1 by EdUniversal, Paris in 3 Palmes of Excellence Category, 2020
• Ranked 4 among ‘Top Leading B-Schools of Super Excellence by Competition Success Review – GHRDC, 2020
• Ranked 21 by Business India – 2020
• Ranked 68 for Private MBA by Outlook 2021
Eligibility Criteria:
Bachelor’s Degree in any discipline with a minimum aggregate of 50% marks (45% for SC/ST candidates)
Admission Criteria: valid CAT/ XAT/GMAT/CMAT/MAT/TANCET and ATMA scores+GD+PI
Placement And Salary:
With the maximum number of placements till now, their highest salary marked id 8.10 LPA. Companies such as Honeywell, IDFC Bank, Lennox, Dell, IndusInd Bank have visited the college in the year 2021 and selected a pool of candidates.
Annual FEES: INR 8.5LPA.
8. ITM Business School, Chennai:
ITM, which has a 30-year track record of success and is renowned as one of the top 10 MBA schools in Chennai, offers a diverse selection of courses, seasoned faculty, world-class facilities, and 100% placement support to its students in all five locations. The ITM business institute thinks that specializations should evolve in response to changing industrial needs. Faculty and industry specialists collaborate to construct the course syllabus, guaranteeing a balance of theory, practicality, and overall development.
Unlike other colleges, ITM offers a 5 months intense industrial internship for its students to work with some large logos of the corporate world, which sometimes have also converted as direct placements afterwards.
Accreditations:
ITM Business School, Chennai is awarded the title of ‘King of Brands’ in the National Education category and awarded the ‘Best Supporter Award’ for the APJ Abdul Kalam Social Forest project.
Eligibility Criteria:
Merit-based/ admission is done based on marks that appeared in National or State Level Management exams such as CAT/MAT/XAT/CMAT/GMAT/ATMA.
Placement And Salary:
With a promising placement percentage of 90%, the highest salary offered till now is 10.2 LPA. the overall average CTC of INR 6.18 LPA was offered, the average CTC of top 10% students was INR 8.3 LPA & the average CTC of top 25% students was INR 7.3 LPA. The highest CTC has risen to 42% & the average CTC has risen to 24% this year.
Annual FEES: INR 4.95 LPA
9. University of Madras:
Accreditations:
In 1857, the University of Madras (commonly known as Madras University or UNOM) was founded. Chepauk, Marina, Guindy, Taramani, Maduravoyal, and Chetpet are all campuses of this collegiate research university. The creation of Madras University was sparked by a public petition dated 11-11-1839. The University Board was established in January 1840, with Mr. George Norton as its President. Madras University is the mother of practically all of South India’s historic universities. In recent years, the University’s jurisdiction has been limited to three districts in Tamil Nadu. This is consequent to establishment of various universities in the State and demarcation of the University territories. This top MBA College in Chennai has been expanding its teaching and research operations while developing from strength to strength.
- The university ranked 28 and 47 under ‘University’ and ‘Overall’, respectively, by the NIRF 2021.
- The NAAC has conferred ‘five-star’ accreditation to the university. It has been given the status of University with Potential for Excellence (UPE) by the UGC.
- NIRF Rankings (2021) – 47 under ‘Overall’, 28 under ‘University’
Placement And Salary:
The average salary is 1.2 LPA and the highest CTC is 8LPA, with a promising placement percentage of 50-60%.
Annual FEES: Ranges from INR 50,000 – INR 98,000/-
10. CRESCENT SCHOOL OF BUSINESS:
BSA Crescent Institute of Science and Technology founded Crescent School of Business (CSB) in Chennai in 2016. (Deemed to be University). Being of the top business schools in Chennai, it offers a student-focused Customized Management Programme (CMP) that combines experiential learning, industry integration, and academic instruction from highly qualified academic faculty.
Crescent School of Business (CSB) is a reimagined Management and Business school in Chennai that provides world-class education to some of the country’s brightest young brains. Experiential learning, critical thinking, professional mentorship, in- and out-of-classroom learning, and industry engagement are all included in the CSB educational system to meet the needs of the New Economy.
Because they operate in an environment defined by an accelerated speed of innovation, breakthroughs in communication technologies, and a greater degree of social connectivity, today’s businesses require innovative leadership.
Accreditations: Aicte Approved.
Courses Offered: Mba/ Pgdm In 9 Specialized Branches.
Eligibility Criteria: Entrance Exam Based (Csbat, Cat, Xat, Mat, Cmat, Tancet, Gmat)
Salary And Placement:
Highest Ctc Is 7lpa, And Average Ctc Is 5 Lpa And A Promising Placement Percentage: 40-50%.
Fees: 7.14 Lpa.
FAQs
1. What is the average annual fee of pursuing an MBA in Chennai?
The average annual fee of pursuing an MBA in Chennai is 12 lakhs 23 lakh from the top MBA colleges in Chennai.
2. What are the most popular entrance exams for MBA in Chennai?
The most popular MBA entrance exams include CAT, CMAT, MAT, XAT, NMAT, SNAP, ATMA, and GMAT. There is also state-level exam such as MAH CET, TANCET, PGCET, KMAT, that also help you to get into the best MBA colleges in Chennai.
3. What are the top specializations offered by top MBA colleges in Chennai?
The top specializations offered by MBA colleges in Chennai include finance, sales and marketing, human resources, operations, IT system, logistics, healthcare, hospital, supply chain etc.
4. Does a postgraduate diploma in management and a regular MBA program have the same importance?
The basic difference between these courses is that MBA is a degree course. The diploma is the program that conducts autonomous by the institutes that are AICTE approved. MBA is a degree program that is conducted by universities and colleges.
