Wondering if pursuing a Master of Business Administration (MBA) programme is worth the time, commitment and financial investment? If you are targeting a top-notch executive career, we believe it is. The well-established degree provides a wealth of advantages for aspirants. In order to attain business acuity, it helps to improve your career opportunities and your business reputation, besides landing cool jobs with enormous payrolls. There is more! The advanced degree is a career booster, promotes your earning ability, offers access to a wide network of alumni and also helps us realise business dreams. Not to mention, you have the ability to fly abroad and to rub your shoulders with bigger businesses. So pursuing MBA is a dream for many. To pursue a course, you need to decide upon a college. As Chennai is an educational hub, we bring to you some of the best MBA Colleges in Chennai.
Best MBA Colleges in Chennai
MBA is a professional degree designed to provide the skills required to survive in the corporate race. The curriculum is a combination of theoretical content and practical application aimed at deepening knowledge and consolidating fundamentals in a variety of business-related disciplines (operations, marketing, economics, corporate financing, and basic accounting). If you are looking to pursue your MBA degree from Chennai, this article is for you. The city prides in its education system and literacy level. Many students from across the country fly to Chennai to pursue their professional degrees. Some of the additional reasons are top MBA colleges, work opportunities, low cost of living, recreational activities and more. The location of some of the best MBA colleges in Tamil Nadu is such that students have a balanced study-life balance. Let us check out these best colleges in Chennai for MBA.
1. Loyola Institute of Business Administration
- Address: Tank Bund Road, Nungambakkam, Chennai 600 034 India
- Contact Number:+91 44 28177100
- Website: liba.edu
LIBA is an affiliate of the University of Madras and operated by Jesuits. It is one of the oldest MBA colleges of Chennai as it was established in 1979. A luxurious green and picturesque campus is situated within the extensive Loyola College. Equipped with high-tech equipment, a professional faculty and the best facilities, the Institute offers quality education, which is driven by creativity and entrepreneurship. Loyola Institute offers admission for the course on the basis of scores obtained by the candidate in XAT/ CAT exam. This will be followed by a group discussion or a personal interview. The college has a good combination of lectures, workshops, summer internship, case studies, projects, seminars, conferences, and serious debates.
LIBA prides in its placement records. The college ensures career development through regular recruitment drives, job fairs and a widespread alumni network. The previous year, the average package was Rs. 10 lakhs per annum and the highest package was Rs 17 lakhs per annum. The top recruiters of the college are Citi Bank, Yes Bank, Wipro, JP Morgan Services, ICICI Securities, Asian Paints, Nestle, Walmart India, Mahindra & Mahindra Ltd. Tata Motors, Bharti Airtel etc. What makes this college different is that it is tied up with bog corporates like Bharti Foundations, Palaniswamy Trust, Hyundai Motors India Limited, etc. It also has exchange programs with foreign universities such as Binary University Malaysia, University of Dayton USA, and Santa Clara University, USA, etc.
2. Great Lakes Institute of Management (GL)
- Address: East Coast Road, Manamai Village ThirukazhukundramTaluk, Kancheepuram District. Tamil Nadu – 603102
- Contact Number:+91-44-30809000
- Website: www.greatlakes.edu.in
Established in the year 2004, Great Lakes Institute of Management has never stopped growing. In a short span of time, the college has positioned itself as a premier MBA college in India. The campus is beautifully landscaped with modern infrastructure, distinguished academicians, strong corporate connections and an innovative curriculum. The institute was ranked 3rd by Outlook India & 4th by Businessworld in One year MBAs (2017-18), 9th by Business India & 14th by Business Today in Top B-schools and 2nd in Private B-schools by NIRF. The course offered by the college is designed for professionals with 2+ years of experience.
Admission to this college is done based on the results of the GMAT/ CAT/ XAT/ CAT exams. The various specializations that are offered to the students for MBA are Marketing, Operations & IT, Finance, Analytics, and AI & Machine Learning. The college has good placement by connecting students with top-notch companies. The previous year, the average CTC was Rs. 12.17 lakhs per annum and the highest CTC was Rs. 18.3 lakhs per annum. Some of the best companies that conduct their placement drives in Great Lakes Institute of Management are Accenture, Amazon, Deloitte, Aditya Birla Group, Infosys, Barclays, L& T, Capgemini, Flipkart, Ola Cabs, HCL, HSBC, Mindtree, Swiggy, HCL, Tata Consultancy Services, Tech Mahindra, Wipro, etc.
3. Department of Management Studies IIT Madras (DoMS)
- Address: Delhi Avenue, Gajendra Circle, Indian Institute of Technology, Chennai, Tamil Nadu 600036
- Contact Number: 044 2257 4550
- Website: doms.iitm.ac.in
Department of Management Studies is a business school that falls under the umbrella of IIT Madras. It was established in 2004. The college is located away from the hustle and bustle of the city. The grassy campus is full of flora and fauna, lakes, animals and more. What makes it better is the good infrastructure, fantastic amenities, excellent curriculum, and highly-qualified faculty. The college does not participate in rankings. Every year, the college has an annual intake capacity of 46 students for its MBA course. The curriculum is a good balance of theory, practical activities, case studies, internship, workshops, and projects. This provides an enriching learning experience for all-around development.
DoMS is decent in terms of placement. The average annual package offered to students is Rs. 16.63 lakhs and the highest is Rs. 17.40 lakhs. Around 27 companies participate in the placement drive. Few of these best companies are Google, Wipro, Amazon, RBS, Tech Mahindra, Dell, Cisco, Virtusa, Cognizant, etc. The batch size of the classes is small which ensure interaction between students and faculty. The college has an exchange program with leading foreign universities.
4. Institute for Financial Management and Research (IFMR)
- Address: # 5655, Central Express Way, Sector 24, Sri City, Chittoor – 517 646
- Website: ifmr.ac.in
IFMR is a non-profit organization. It is recognized as one of the Best MBA Colleges in Chennai. The college was founded in 1970. The main objective of this college is to mentor students with knowledge, skills, and attributes to function successfully in the business world. The campus is fully residential and Wi-Fi enabled. The college is located in Sri City, 70kms from Chennai. The institute bagged the 38th spot among ‘Top Management institutes in Andhra Pradesh’ by NIRF and 15th in the ‘Top Private Business Schools in India’ category by Business World. The admission to this college is done based on the scores of CAT/ XAT/ CMAT/ GMAT/ GRE.
It is mandatory for students to complete a two month summer internship at the end of the first year. The college is well structured and has a well functional placement cell. Most students obtain good jobs in the placement drives conducted by the college. Of the various companies that take part in this placement drive, some of them are Credit Suisse, HSBC, Capgemini, Deloitte, Wipro, HDFC, JP Morgan, KPMG, Accenture, and Cognizant.
5. SSN School of Management
- Address: Old Mahabalipuram Road, Kalavakkam, Chennai-603110
- Contact Number: 044 2746 9700
- Website: www.ssn.edu.in
SSN Management School was founded in 2000 to provide students with skills, principles and tools to affect the dynamic entrepreneurial world of the present day. The campus, spread over 250 acres, is clean and environmentally friendly with open green areas. The Institute has an outstanding learning environment equipped with world-class infrastructure, well-stored library, laboratories, large lectures and excellent facilities. SSN was ranked 33 among ‘Top 50 Management Institutes for Research and Teaching’ in India by NIRF (MHRD)
The various MBA specialities offered by this college are Marketing, HR, Finance, and Operations. The college conducts a good placement drive which offers students an opportunity to interact with prospective employers. The college also offers training on polishing soft skills and interview etiquette. The average CTC offered to students is Rs. 4lakh per annum and the highest is Rs. 6.5 lakhs per annum. But students can also take part in off-campus placement drives and land in a better paying job. Some of the companies that take part in the placement drive here are HCL, HDFC, Axis Bank, TCS, IndusInd Bank, Godrej and Deloitte.
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