Top 10 Management Colleges in India: If we think about which is one of the most important things to do in life, business, job, or even at home. I guess it is safe to say that it’s management. We all need proper management of thing, whether its personal or professional life. Hence, management is also required in various company departments, whether it is Human Resource Management, Marketing Management, or Financial Management. And thus, the management field has a huge scope as a career option because you require it in a business or a job.
Top 10 Management Colleges in India
The management field has many different options to choose from and frame your career path in various fields like marketing, HR, or finance. But to do so, you also require proper education and training from a well-reputed institute. So, here is a list of the Top 10 Management Colleges in India listed by NIRF in 2020.
Indian Institute of Management (IIM) Ahmedabad
The number one management college in the country is IIM Ahmedabad, listed by the NIRF in 2020. The various programs offered by the institute are the undergraduate, postgraduate, and doctoral programs in various fields of management. The institute also offers part-time postgraduate programs and other diploma courses for working students. The institute goes by the motto of “Progress through Application of Knowledge.” With a total student of around 992, the institute also has an affiliation with 78 leading business schools worldwide. CAT exam score is the criteria for admission. Some of the details about the institute are as follows.
- Accreditation: EQUIS, EFMD
- Average Package: 13 lakh per annum
- Highest Package:8 lakh per annum
- Top Recruiters: MC Kinsey, Master Card, Boston Consulting Group
Indian Institute of Management (IIM) Bangalore
IIM Bangalore is one of the best management colleges in India and is currently ranked second place by the NIRF in the list of top management colleges. More than 109 highly qualified and experienced academic staff at IIM Bangalore offer the best learning and teaching in the country. The institute has various courses such as post-graduate and doctoral programs in management. The MBA program is the main flagship of this college which can be done as a One-year full-time, two years full-time, and two years executive program (which offers weekend classes). For admission, the candidate must have working experience from 0-4 years and the CAT exam cleared with a good score.
- Accreditation: EQUIS EFMD
- Average Package (last year): 26 lakh per annum
- Highest Package (last year): 30 lakh per annum (international)
- Top Recruiters: Amazon, Accenture, Bains and Company, and Microsoft.
Indian Institute of Management (IIM) Calcutta
The IIM Calcutta has been recognized as an institute of national importance by the government of India and is one of the top-notch management institutes in the country. This was the first-ever IIM to be established in India and currently has more than 1100 students. The institute goes by the motto of “Knowledge for the Benefit of All.” The institute offers the MBA course for the time duration of 1 and 2 years. 2 years course is a full-time MBA course whereas 1 year MBA is for the working-class people with previous working experience. The college also offers doctoral courses to a minimal number of students.
- Accreditation: AACSB
- Average Package (last year): 8 lakh per annum
- Highest Package (last year): 80 lakh per annum
- Top Recruiters: McKinsey, PricewaterhouseCoopers, Accenture, BC
Indian Institute of Management (IIM) Lucknow
Being recognized as the “Institution of Excellence” by the Indian Ministry of Human Resource Development, IIM Lucknow is one of the supreme management colleges in the country. With over 200 acres of campus and more than 1150 students, it offers various courses such as post-graduate diplomas, fellowship, and executive management programs. The college also offers a one-year full-time MBA program and two-year PGP. the motto of the institute is “Better management towards the better nation.” Some important details are as follows.
- Accreditation: AMBA
- Average package: 26 lakh per annum
- Highest Package: 51 lakh per annum
- Top Recruiters: Amazon, BCG, Deloitte, PricewaterhouseCoopers
Indian Institute of Technology (IIT) Kharagpur
The first institute in IITs to be listed as an institute of national importance, IIT Kharagpur is a public technical and research university in West Bengal. The institute has been awarded the status of “Institute of Eminence” by the government of India. IIT Kharagpur was established in 1951 by the government of India and now approximately have more than 12,000 students. It was first established as an engineering institute, but now it offers various other courses in other fields such as management, law, humanities, etc.
- Accreditation: DOE-MHRD
- Average Package (last year):5 lakh per annum
- Highest Package (last year): 19 lakh per annum
- Top Recruiters: HUL, Reliance, Tata, L&T, Barclay, Microsoft.
Indian Institute of Management (IIM) Kozhikode
The government of India has established IIM Kozhikode in the year 1996. The motto of the institute is “Diligence Leads to Excellence.” The college campus spreads around 111 acres, and the number of students approximately 878. The main flagship program of this institute is the 2 years full-time MBA program. It also offers doctoral programs in the management field with only 10-15 students per year only.
- Accreditation: AMBA
- Average Package (last year): 69 lakh per annum
- Highest Package (last year): 58 lakh per annum
- Top Recruiters: ICICI, Amazon, Deloitte, IBM.
Indian Institute of Management (IIM) Indore
The IIM Indore goes by the motto of “The Root of all Achievement is Management.” The government of India established IIM Indore in the year 1996. The institute has more than 1300 students in post-graduate and doctoral programs, and the campus area is around 193 acres. The institute offers 2 years full-time post-graduate MBA program, a one-year executive post-graduate MBA program, an integrated 5-year B.A. plus MBA program, and 2 years integrated executive weekend MBA program.
- Accreditation: AQUIS, AACSB, AMBA
- Average Package (last year): 10 lakh per annum
- Highest Package (last year): 45 lakh per annum
- Top Recruiters: Google, Ernst & Young, Amazon, Aditya Birla Group
Indian Institute of Technology (IIT) Delhi
Although known for its B.Tech. And MTech program, as the main flagship IIT Delhi also provides management courses with such a quality that it has managed to enter the top ten management colleges in India. The institute offers various fields of engineering, physical sciences, management, and humanities & social sciences. The campus area of the institute is 375 acres and is also recognized as an institution of national importance. Some of the details about the placements and top recruiters are as follows.
- Accreditation: DOE-MHRD
- Average Package (last year): 16 lakh per annum for PG course.
- Highest Package (last year): 1 Crore lakh per annum
- Top Recruiters: American Express, Amazon, E&Y, Axis Bank
Xavier Labour Relations Institute (XLRI)
XLRI is a private business school founded in 1949 and is run by the Society of Jesus. Their motto is “Excellence and Integrity.” The B school currently has more than 887 students. XLRI is one of the best management institutes in India, which offers various full-time and part-time management programs. The institute offers different PGDM postgraduate courses in various fields of management.
- Accreditation: AACSB, AMBA, NBA
- Average Package: 08 lakh per annum
- Highest Package: 50 lakh per annum
- Top Recruiters: Goldman Sachs, Airtel, Tat Electronic, IDFC Banks
Management Development Institute (MDI)
The industrial, financial corporation of India established MDI in the year 1973. With a campus, around 37 acres, 12kms away from IGI Airport. MDI is a premium business school located in Gurugram near the capital city of Delhi. They go by the motto of “Perfection in Action is Yoga.” MDI offers a full-time postgraduate diploma, executive programs, and fellowship research programs in the management field. The courses offered by the institute are PGDM diploma (Not Degree) courses which are considered equivalent to the MBA program.
- Accreditation: NBA, AMBA
- Average Package: 15 lakh per annum
- Highest Package: 44 lakh per annum
FAQs (Top 10 Management Colleges in India)
Which is the Best Management college in India?
Ans- IIM Ahmedabad
Which is Management college has the best placement in India?
Ans- IIM Ahmedabad.