Top 10 MBA Colleges in Chennai – As Per NIRF Ranking, Fees, Placements

MBA is one of the preferred choices that a student would consider to enter the business and management world, by pursuing it from any leading MBA college. Chennai, being an educational hub, houses a few of the top MBA colleges in its rank list, offering wide ranges of specialisations and opportunities for the aspirants.

It is very much important for the dreamers who would like to pursue their study in this vibrant city to know the leading MBA institutes. Here is the comprehensive guide to the best MBA in Chennai as per NIRF ranking, their fees, placement statistics, and eligibility criteria.

 

S.No.	Colleges	Fees	Salary	NIRF	NAAC
1.	IIMM	10 LPA	20 LPA	1	A++
2.	LIBA	16 LPA	15 LPA	32	A
3.	GLM	17 LPA	15 LPA	31	A
4.	DOMS	1.5 LPA	7 LPA	40	B+
5.	SRMIST	5 LPA	8 LPA	50	B
6.	VIT	7 LPA	10 LPA	60	A
7.	IFMR	15 LPA	12 LPA	47	A+
8.	HITS	3 LPA	6 LPA	70+	B
9.	MSSW	2 LPA	6 LPA	80+	B
10.	SAREETHA	3 LPA	6 LPA	90+	B

 

List of Top 10 MBA Colleges in Chennai As Per NIRF Ranking

The NIRF ranking is used as a benchmark for top-class academic excellence, as well as the quality of placements. The rankings consider multiple parameters such as teaching, research, graduation outcomes, and outreach.

Here is a detailed analysis of top 10 MBA colleges in Chennai as per NIRF 2024:

1. Indian Institute of Technology, Madras (IIT Madras)

–   NIRF Rank: 1

– Tuition Fee: ₹10 Lakh

– Placement Avg. Salary: ₹15-20 LPA

– Specialisations: Operations, Finance, Marketing, Systems, HR

2. Loyola Institute of Business Administration (LIBA)

– Rank: 32

– Fees: ₹16.5 Lakh

– Placements: ₹9-15 LPA

– Specialisations: Marketing, Finance, HR, Operations, General Management

3. Great Lakes Institute of Management

– NIRF Rank: 31

–  Fees: ₹17 Lakh (approx.)

–  Placements: ₹12-15 LPA (Average)

–  Specialisations: Analytics, Marketing, Finance, Operations, Strategy

4. Anna University – Department of Management Studies (DOMS)

• NIRF Rank: 40
• Fees: ₹1-1.5 Lakh (approx.)
• Placements: ₹4-7 LPA (Average)
• Specialisations: Marketing, Finance, HR, Operations

5. SRM Institute of Science and Technology (SRMIST)

– NIRF Ranking: 50

– Tuition Fees in INR: ₹3-5 Lakh

– Placement salary in INR: ₹5-8 LPA (Average)

– Specializations: Marketing, Finance, HR, Operations, Data Science

6. VIT Business School (VIT)

– NIRF Ranking: 60

– Tuition Fees in INR: ₹3-7 Lakh

– Placement salary in INR: ₹6-10 LPA (Average)

– Specializations: Marketing, Finance, Operations, HR, Business Analytics

7. Institute for Financial Management and Research (IFMR)

– NIRF Rank: 47

– Fees: ₹14-15 Lakh (approx.)

– Placements: ₹10-12 LPA (Average)

– Specializations: Finance, Data Science, Economics, Marketing

8. Hindustan Institute of Technology and Science (HITS)

– NIRF Rank: 70+

– Fees: ₹3-4 Lakh (approx.)

– Placements: ₹4-6 LPA (Average)

– Specializations: Finance, Marketing, HR, Operations

9. Madras School of Social Work (MSSW)

– NIRF Rank: 80+

– Fees: ₹1-2 Lakh (approx.)

– Placements: ₹4-6 LPA (Average)

– Specializations: Human Resource Management, Industrial Relations

10. Saveetha University – Saveetha School of Management

– NIRF Rank: 90+

– Tuition Fee: Rs.2-3 Lakh (approximately)

– Placement: 4-6 LPA (Average)

– Specializations: Marketing, Finance, HR, Systems

Is admission to top MBA colleges in Chennai worth it?

An MBA from one of the top MBA colleges in Chennai is definitely a wise investment for several reasons. These institutes have a strong academic record and are even well-equipped with the approach of holistic development for the student to lead them towards the leadership roles. Here is why admission to these top institutes is worthwhile:

1. Quality of Education: In the top 10 MBA colleges in Chennai according to NIRF Ranking. The curriculum is updated regularly as the business landscape keeps changing. In most of these colleges, the students are also exposed to international arenas through tie-ups with other global institutions.
2. World-Class Faculty: In these colleges, the students are mentored by some of the best faculty members with both academic and industry experience.
3. Best Placement Options: The placement of top 10 MBA colleges in Chennai is very satisfactory as a large number of big company representatives of several sectors often pay a visit to these institutions to recruit students with very good packages.
4. Networking and Alumni Support: These institutions have a very sound alumni network that provides significant benefits for mentorship, internships, and final placements.
5. Diverse Specializations: The specializations provided by the top 10 MBA colleges in Chennai run from traditional specializations like marketing and finance to newer fields such as business analytics, data science, or entrepreneurship.

Top 10 MBA Colleges in Chennai Accepting Entrance Exams

Top 10 MBA colleges in Chennai have really stiff admission processes, and the process is mainly through performance in entrance exams at the national and state levels. Here is a list of entrance exams for admission in top MBA colleges in Chennai:

– CAT (Common Admission Test): CAT is accepted widely by all top B-schools across India, including IIT Madras and LIBA.

– XAT (Xavier Aptitude Test): Accepted at most private colleges like LIBA and Great Lakes.

– MAT: Scores accepted by colleges like SRM, VIT and Saveetha School of Management

– CMAT: Institution like Anna University and MSSW accepts scores

– TANCET (Tamil Nadu Common Entrance Test): State-level exam; accepted by Anna University, DOMS and other local institutions are some examples.

While there are some colleges that hold their own entrance exams, others use their own entrances or accept the GMAT scores, especially if the candidates are international.

10 MBA Colleges in Chennai Eligibility for Admission

Knowing how to check for eligibility for admission to top MBA colleges in Chennai is very important since this will tell you exactly what you have to guarantee with regard to satisfying all the eligibility criteria. The eligibility of most colleges is quite similar:

1. Qualifications for Education: Bachelor’s degree in any discipline from a recognized college/university with at least 50% marks. In case of a candidate belonging to SC/ST, the minimum percentage required is 45%.
2. Entrance Exam Score: As mentioned above, valid scores in entrance exams like CAT, XAT, MAT, CMAT, or TANCET shall be a requirement.
3. Work Experience: Though not usually mandatory, most institutes such as Great Lakes and IFMR prefer candidates with work experience from 1-3 years.
4. Group Discussion/Personal Interview: After the entrance test, all the institutes take GDs and PIs to understand the communication skills of students, their leadership quality, and managerial aptitude as well.
5. Language Proficiency: The written and spoken English should be good because most of the courses are offered in English only.

Placement Records of Top MBA Colleges in Chennai

One of the most prominent reasons for getting an MBA is good placement opportunities. The top 10 MBA colleges in Chennai have, overtime, maintained remarkable placement records wherein the amount of salaries offered to the graduates increase consistently. Here’s a snapshot of the placement performance of some of the top colleges:

– IIT Madras: 100 % placement: a place like Amazon, McKinsey, and Goldman Sachs with package ranges from ₹15-25 LPA.

LIBA: An excellent record in LIBA is there: more than 90 % placements with packages ranging from ₹9-18 LPA for companies like Deloitte, HCL, Accenture.

Great Lakes: Average placement salary ₹12-15 LPA with top recruiters like Cognizant, Infosys, and Mu Sigma.

Anna University (DOMS): Affordable fees mean good ROI; the institute hosts companies like TCS, Infosys, and Wipro recruiting students with average packages ranging between ₹5-7 LPA.

– SRMIST: SRM offers an impressive placement record, with average salaries around ₹6-8 LPA and top companies like IBM, HDFC, and Asian Paints hiring graduates.

Specialisations by Top 10 MBA Colleges in Chennai

One of the biggest strengths about doing an MBA from Chennai is the amount of diversity among the specializations offered. The **top 10 MBA colleges in Chennai** offer a plethora of specializations as per the different interests of various students and the demand of various industries. Students get the opportunity to make their MBA experience as per what they might want to pursue after completing the course. These include:

– Marketing

– Finance

– Human Resource Management

– Operations

– Business Analytics

– Data Science

– Systems Management

– Entrepreneurship

– Supply Chain Management

Some colleges, such as IFMR and Great Lakes, too specialize in niche areas

Conclusion

Pursuing an MBA from one of the top MBA colleges in Chennai offers myriad benefits, ranging from world-class education to strong placement opportunities. Through the vast specializations provided by the top 10 MBA colleges in Chennai, students can opt for whatever field of study suits their career aspirations. The placement records of top 10 MBA colleges in Chennai speak of the bright future that awaits those graduating with an MBA degree, as most have found employment in leading international and Indian organizations.

Admission here is highly competitive, and only students who have good grades in entrance exams for admission in top MBA colleges in Chennai are considered for admission. Moreover, eligibility for admission in top MBA colleges in Chennai ensures that only highly qualified students are considered, making the learning environment even more holistic.

In conclusion, the top 10 MBA colleges in Chennai ensure a comprehensive learning experience that is academically enriching yet strong in industry connections, thus justifying the investment for someone looking to carve out a bright business and management career.