Top 10 expensive B-schools in India
A B-School or a business school offers a degree in business management or business administration. Getting an admission into one of the best MBA college is a dream come true for any student. Some important factors which can lead to admission in B schools are academic grades, scores in the entrance exams, the internal exam by the colleges.
Some of the expensive and best B schools in India are:
Institute name | Fee in INR | Establishment year |
Indian Institute of Management Ahmedabad | ₹ 25,00,000 | 1961 |
IIM Bangalore | ₹ 21,00,000 | 1971 |
Management Development Institute | ₹ 23,96,400 | 1973 |
Institute of Management Technology, Ghaziabad | ₹ 17,50,000 | 1980 |
Indian Institute of Foreign Trade | ₹ 16,70,000 | 1963 |
Great Lakes Institute of Management | ₹ 16,65,000 | 2004 |
S.P. Jain Institute of Management and Research | ₹ 16,25,000 | 1981 |
International Management Institute, Kolkata | ₹ 14,49,149 | 2010 |
Soil School of Inspired Leadership | ₹ 14,73,226 | 2008 |
IFIM Business School | ₹ 12,00,000 | 1995 |
IILM Institute for Higher Education | ₹ 12,90,000 | 1993 |
Indian Institute of Management Calcutta | ₹ 11,25,000 | 1961 |
Which is the best B-School in India?
As per the Indian institutional ranking framework (IRFI) ranks are as follows:
Cluster ranks | Business school | City | State |
1 | IIM
IIM IIM |
Ahmedabad
Calcutta Bangalore |
Gujrat
West Bengal Karnataka |
2 | Faculty of management studies, University of Delhi
Indian School of Business (ISB) IIFT IIM XLRI |
Delhi
Hyderabad New Delhi Lucknow Jamshedpur |
Delhi
Telangana Delhi Uttar Pradesh Jharkhand |
3 | Management Development Institute
S.P. Jain Institute of Management and Research IIM IIM Jamnalal Bajaj Institute of Management Studies |
Gurgaon
Mumbai Indore Kozhikode Mumbai |
Haryana
Maharashtra Madhya Pradesh Kerala Maharashtra |
4 |
Shailesh J Mehta School of Management, IIT Bombay
Department of Management Studies, IIT-Delhi Vinod Gupta School of Management, IIT Kharagpur SCMHRD MICA |
Mumbai
New Delhi Kharagpur Pune Ahmedabad |
Maharashtra
Delhi West Bengal Maharashtra Gujarat |
5 | IIT
IIT IIT IIT IIT |
Rohtak
Raipur Ranchi Trichy Udaipur |
Haryana
Chhattisgarh Jharkhand Tamil Nadu Rajasthan |
6 | NMIMS School of Business Management
IIM Institute of Management Technology (IMT) International Management Institute (IMI) IIM IIM IIM |
Mumbai
Shillong Ghaziabad New Delhi Kashipur Visakhapatnam Nagpur |
Maharashtra
Meghalaya Uttar Pradesh Delhi Uttarakhand Andhra Pradesh Maharashtra |
7 | University Business School, Punjab University (UBS)
Department of Business Economics, DU FORE School of Management MHRM Department of Humanities and Social Science, IIT-Kharagpur SIMSREE |
Chandigarh
Delhi New Delhi Kharagpur Mumbai |
Chandigarh
Delhi Delhi West Bengal Maharashtra |
8 | Department of Management Studies, IIT-Roorkee
Indian Institute of Management |
Roorkee
Sambalpur |
Uttarakhand
Himachal Pradesh |
9 | GOA Institute of Management (GIM)
IIM IIM |
Goa
Jammu Sirmaur |
Goa
Jammu Himachal Pradesh
|
10 | Taxila Business School
Lal Bahadur Shastri Institute of Management Great Lakes Institute of Management IIM |
Jaipur
New Delhi Chennai Bodh Gaya |
Rajasthan
Delhi Tamil Nadu Bihar |
The best B schools are certainly the IIMs.
Which B-Schools is best for marketing in India?
Marketing is one of the specializations in MBA. Some of the best institutes offering Marketing as a part of the specialization either as a standalone specialization or as a dual specialization.
Name of the institute | Ranks | Course |
IIM Ahmedabad | 1st | PGP |
IIM Calcutta | 2nd | PGP |
IIM Bangalore | 3rd | PGP |
FMS Delhi | 4th | MBA |
XLRI Jamshedpur | 5th | PGDM-BM |
IIM Lucknow | 6th | PGP |
IIM Kozhikode | 7th | PGP |
IIM Indore | 8th | PGP |
SPJIMR Mumbai | 9th | PGDM |
IIFT Delhi | 10th | MBA(IB) |
Why is MBA so costly in India?
MBA or Master of business administration, which imparts knowledge of core business functions. Students in their second year can choose any business function or business functions as their specializations. The core functions are Human resource management, Marketing management, and finance management. Apart from these subjects, many subjects stemmed from supply chain management, operations management, MIS, and IT.
Many B-Schools in India and some are accredited to All India Council for technical education (AICTE) and some affiliated to University Grants Commission (UGC). A course in MBA opens doors to multiple job opportunities in India.
Most of the MBA education in India is expensive. Aspirants pay to prepare for the entrance exam, and if they get through the entrance exam, they pay a hefty fee to join the course. The aspirants have to pay for the application form too, which is also is a substantial amount. The MBA course is designed to train the students in certain specialized skills. The qualification gives a push and acceleration in the student’s career by sharpening their knowledge and skills in various business functions.
There is an opportunity cost involved in the hefty fee that the student pays to the institutes. The students pay for the institution’s reputation, the placements they bring, the alumni network support, the quality of education, the projects, and internships offered.
Some candidates with work experience take a break from their career and pursue MBA from premium institutes. The opportunity cost is the foregone salary, the work experience, and maybe a promotion. Hence, the premium MBA institutes charge a bomb.
Conclusion: MBA has become the most demanded course, and many students are opting for the course. This article provides insights into the premium institutes and the most expensive MBA institutes. The institutes offer excellent training and impart skills that will help you to grow in your career in your desired domain. Hence, there is an opportunity cost which shoots up the prices of the MBA courses.