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

The very idea of pursuing a Master of Business Administration course from the land of Karnataka is reassuringly one of the bright decisions you will ever make in your life.

This state proudly comprises some of the finest MBA colleges in the country which boast of world-class education, state-of-the-art infrastructure, and good placement opportunities.

In this article, we will discuss the top 10 MBA colleges in Karnataka according to the NIRF ranking, course fee, placements, and entrance exams required for admission.

This article shall even focus on the specializations provided by these colleges and shall even enlighten you whether pursuing an MBA from one of the top institutions is worth it or not.

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

The National Institutional Ranking Framework, or NIRF in short, is an all-inclusive ranking that judges higher education institutions on various parameters of performance such as teaching and learning, research, and placement outcomes, amongst others.

Following is a list of the top 10 MBA colleges in Karnataka as per the rankings of NIRF:

1. Indian Institute of Management (IIM), Bangalore

Rank By NIRF: 2

Fees: ₹23 Lakhs -approximate

Specializations: General Management, Finance, Marketing, Operations, and HR.

Placements: The average package offered is almost ₹33 LPA, with continuous recruitment by BCG, McKinsey, and Amazon.

2. T. A. Pai Management Institute (TAPMI), Manipal

NIRF Ranking: 38

Fees: ₹16 Lakhs [approx.]

Specializations: Finance, Marketing, Operations, Human Resources, Business Analytics.

Placements: Average salary of ₹12.5 LPA with topmost recruiters like Deloitte, Cognizant, and KPMG.

3. Symbiosis Institute of Business Management (SIBM), Bangalore

NIRF Ranking: 39

Fees: ₹ 16 Lakhs-approx.

Specializations: Marketing, Finance, Operations, Human Resources, Data Analytics.

Placements: Average compensation: ₹ 11 LPA; companies like Accenture, PwC, and EY are hiring.

4. Xavier Institute of Management and Entrepreneurship, Bangalore

NIRF Ranking: 45

Fees: ₹ 12 Lakhs – approx.

Specializations: General Management, Finance, Marketing, Operations, IT.

Placements: ₹9 LPA average salary with top recruiters including Infosys, Wipro, and TCS.

5. Alliance School of Business, Alliance University, Bangalore

NIRF Ranking: 60

Fees: ₹13 Lakhs [approx.]

Specializations: Marketing, Finance, Operations, Human Resources.

Placements: Offers average packages of ₹8.5 LPA from companies like Amazon, Flipkart, and ICICI Bank.

6. Christ University Institute of Management, Bangalore

NIRF Ranking: 72

Fees: ₹8 Lakhs,

Specialisations: Marketing, Finance, Operations, Human Resources, and International Business.

Placements: Average compensation: ₹ 6.5 LPA, Major recruiters: Infosys, TCS, and Deloitte.

7. Institute of Management, NITK Surathkal

NIRF Ranking: 82

Fees: ₹2.5 Lakhs

Specialisations: General Management, Finance, Marketing, Operations.

Placements: Average compensation: ₹7 LPA. Firms that hire students: HP, Bosch, and L&T.

8. RV Institute of Management, Bangalore

NIRF Ranking: 85

Fees: ₹7 Lakhs [Approx.]

Specializations: Marketing, Finance, Human Resources, IT.

Placements: The average salary is around ₹6 LPA.

Major recruiters are Infosys, IBM, Capgemini, among others.

9. St. Joseph’s Institute of Management, Bangalore

NIRF Ranking: 90

Fees: ₹9 Lakhs [Approx.]

Specializations: Marketing, Finance, Human Resources, and Operations.

Placements: Average package stands at ₹5.5 LPA, with recruiters such as EY, KPMG, and Amazon.

10. MS Ramaiah Institute of Management, Bangalore

NIRF Ranking: 95

Fees: ₹6 Lakhs (approx.)

Specializations:  General Management, Marketing, Finance, Human Resources.

Placements: The average package is ₹5 LPA, with recruiters like TCS, IBM, and Infosys.

Is Admission to Top MBA Colleges in Karnataka Worthy?

With a booming economy and also with several IT and manufacturing industries’ hub, Karnataka provides ample opportunities to its MBA pass-outs.

The top MBA colleges of Karnataka boast of state-of-the-art curriculum, excellent faculties, and strong industry links.

Based on the placement reports coming out of the top 10 MBA colleges of Karnataka, one may safely say that most graduates can be found in well-reputed organizations with lucrative salary packages, often much above the national average.

Top 10 MBA colleges in Karnataka are also highly responsive to the needs of the industry, offering specializations such as Arena, Business Analytics, Finance, Marketing, and Operations.

Thus, preparing their students for all kinds of leadership roles. As a matter of fact, investing in an MBA degree from these prestigious colleges is worth the decision an aspirant makes in quest of earning a good value return.

S.no	Colleges	Fees	Salary package	NIRF Ranking	NAAC grade
1.	IIMB	23 LPA	33 LPA	2	A
2.	TAPMI	16 LPA	12.5 LPA	38	A
3.	SIBM	16 LPA	11 LPA	39	A++
4.	Xavier’s	12 LPA	9 LPA	45	A+
5.	ASB	13 LPA	8.5 LPA	60	A++
6.	CHRIST	8 LPA	6.5 LPA	72	A++
7.	IMT	2.5 LPA	7 LPA	82	A
8.	RVI	7 LPA	6 LPA	80	A++
9.	St. JOSEPH	9 LPA	5.5 LPA	90	A
10.	MSR	6 LPA	5 LPA	95	A++

 

MBA Entrance Exams Supported by top 10 MBA Colleges in Karnataka

Top MBA colleges in Karnataka accept only those students who come through different competitive entrance examinations.

The most widely accepted entrance examinations for admission to top MBA colleges in Karnataka include:

1. Common Admission Test (CAT): Most widely accepted, including IIM Bangalore.
2. XAT: Accepted by Xavier institutes like XIME.
3. GMAT: Accepted by top business schools like TAPMI.
4. Symbiosis National Aptitude Test: Compulsory to get into SIBM Bangalore.
5. Karnataka PGCET: Accepted by colleges such as RV Institute of Management, St. Joseph’s Institute.
6. NMAT by GMAC: Accepted by Alliance University.
7. CMAT:Accepted in colleges such as Christ University.

Entrance examinations should be prepared long in advance since the admission to these colleges are pretty competitive and requires good scores for assuring a seat in the top 10 MBA colleges in Karnataka according to the ranking of NIRF.

10 MBA Colleges in Karnataka Admission Eligibility

The general eligibility to seek admission in the top 10 MBA colleges in Karnataka is given below:

1. Qualifying Examination: Candidate should have a minimum of 50% marks in any undergraduate program from a recognized university. In the case of reserved categories, it is 45%.
2. Entrance Examination: The candidate should have valid scores in any one of the entrance examinations such as CAT, XAT, GMAT, or PGCET.
3. Work Experience: Though not binding, some institutions like IIM Bangalore encourage applicants with 2-3 years of work experience.
4. Group Discussion and Personal Interview: Almost all the reputed MBA colleges of the country conduct group discussion and personal interview before selecting the candidates.

Placement Records of Top MBA Colleges in Karnataka

The placement records of the top 10 MBA colleges in Karnataka reflect an excellent track record in placing their students into well-paying roles across industries.

Regular recruiters include companies from consulting, IT, banking, and FMCG. Here is a snapshot of the placement package highlights from top MBA colleges in Karnataka.

IIM Bangalore: The highest average package provided by it is ₹ 33 LPA, with top recruiting firms like McKinsey, Goldman Sachs, and Google.

TAPMI: Its placements are provided with an average CTC of ₹ 12.5 LPA by several visiting companies that include Deloitte and Accenture.

SIBM Bangalore: As far as SIBM Bangalore is concerned, the average salary is a decent ₹ 11 LPA offered by the students in the form of PwC and EY.

XIME: The students have been placed at an average salary of ₹9 LPA in firms like Infosys and Wipro.

Christ University: At Christ University, the students can get an average salary of ₹6.5 LPA, with recruiters like TCS and Infosys.

Conclusion

In the end, a very solid foundation among these top 10 MBA colleges in Karnataka would be provided to candidates who aspire to be management professionals. With difficult entrance tests, strong placement records, and many specializations, these colleges promise very good career prospects in today’s globalised business environment.