Top Management Colleges in India - List of Government & Private Management Colleges, Admission & Fee Details

Nowadays, there’s an increasing number of students hoping to do management degrees after their 12th. Courses in the field of business management are among the most popular courses at the undergraduate and graduate level, in India and Abroad. Business management is the art of supervising and controlling people and operations in business settings.  In this article, we have provided an overview of some of the top management colleges in India. 

Top Management Colleges in India

With a total of a little over 6,000 management colleges in India, the premier list of top colleges contains the IIMs and other top private college institutions. Rated by agencies like Outlook, NIRF, India Today, etc, these colleges offer a wide variety of business degrees, from Associate, Bachelor’s, Master’s degrees. 

Starting the list for Top Private Management Colleges Are:

1. XLRI Xavier School of Management, Jamshedpur:

XLRI is the oldest business school in India and one of the Top Management Colleges in India, founded in 1949. It has also been awarded the Best College for HR in the Asia-Pacific.  The institute has a beautiful campus, with an amazing IT lab, Student recreational center, auditoriums, and a residential area for students. 

Read More: The XLRI campus sprawls over a 40-acre landscape, with state-of-the-art amenities and faculty. The business school offers a wide portfolio of management programs. 

It has been awarded the two most prestigious accreditations, namely the AACSB (The Association of Advanced Collegiate Schools of Business) and AMBA (Association of MBAs). XLRI has also earned the accreditation of the NBA (National Board of Accreditation).

Eligibility to Apply to XLRI:

• The candidate must hold a Bachelor’s degree from any recognized university (for pursuing an MBA).
• Apart from this, interested candidates have to appear for the XAT 2024 (Xavier Aptitude Test).
• Foreign or NRI students can apply through the universally acknowledged entrance exams such as GMAT. 

Note: Keep in mind, CAT is not accepted by XLRI, since CAT scores are used only for IIMS, India. 

2. S.P Jain Institute of Management and Research, Mumbai:

Another top-business school in India is the S.P Jain Institute of Management and Research. It has always been ranked among the Top-Business schools every year, by the NIRF, India Outlook, etc. The college provides many Management, Post-Graduate, Certificate programs.  SPJIMR also has three international campuses located in Dubai (2004), Singapore (2006), and Sydney, Australia (2012).

International Collaborations-

The SPJIMR also collaborates with reputed and FT-ranked business schools internationally. Some schools are:

• Brandeis University, United States
• Robert.H.Smith School of Business, United States
• Stevens Institute of Technology, Europe among others.

The school also provides Global Fast Track (GFT), an intense 3-week course towards the end of the third semester.  

Eligibility For  S.P Jain Institute of Management and Research:

Candidates interested must have passed from any one of the following entrance exams:
GMAT
CMAT
CAT
XAT
NET (for FPM), etc.

3. Management Development Institute, Gurgaon:

The Management Development Institute is located on a 40-acre green campus in Gurgaon. It is one of the top leading business schools rated by the NIRF.  It was founded by the Industrial Finance Corporation of India and was the first B-School accredited by the AMBA.  The PG Programs offered by MDI are recognized by All India Council for Technical Education (AICTE). 

Read More: Its PGPM (Post Graduate Program in MBA) has been awarded *A* Grade by the NBA. It provides 100% placement to its students in top-ranking corporate companies. The MDI also provides the “Post-Graduate Program in International Management”. This program is in partnership with ESCP-EAP (Europe), to give its students a truly international experience. 

Eligibility for MDI, Gurgaon:

• Candidates must have scored a minimum of 50% marks in their 10th and 12th examination from a recognized board. 
• Candidates should also hold a 3-year full-time Bachelor’s degree from a recognized university, scoring a minimum of 50% marks. 
• Candidates appearing in the last year of their graduation exam can also apply. 
• Apart from this, Candidates must have scored a minimum of 680+ in their GMAT exam or a 95 percentile in their CAT exam.

4.  SVKM’s Narsee Monjee Institute of Management Studies, Mumbai:

Narsee Monjee University is also known as India’s Top Distance Management University. It was founded in 1981 and was awarded the ‘Deemed to be University status.  The NMIMS is spread in over 29 cities in India with 9 regional offices. It has been awarded the Grade A+ by NAAC Awarded Autonomy Category 1. 

Eligibility for SVKM’s Narsee Monjee Institute of Management: 

• Candidates who have scored a minimum of 50% marks in their Bachelor’s degree are eligible to apply.
• Candidates also need to pass the entrance exams such as GMAT, NMAT, etc. Keep in mind, the institute does not accept CAT.

5. Great Lakes Institute of Management, Chennai:

Established in 2004, Great Lakes Institute of Management, is one of the leading business schools of India, with campuses in Chennai and Gurgaon. The institute has been awarded 4th rank amongst B-schools by Outlook and 5th by the NIRF.  Its international associations have a long list which contains names such as,

• IIT Stuart School of Business
• BAUER College of Business, Houston
• Universite de Bordeaux   
• BABSON
• UMKC, Kansas
• HKUST Business School

Eligibility for Great Lakes Institute of Management:

• Only Fresh graduates with less than 2 years of work experience are eligible to apply. 
• Candidates are required to appear for CMAT/GMAT/CAT/XAT. They use XAT and CAT simply to screen candidates for admission.
• Candidates should also possess a Bachelor’s degree from any recognized university. 
• Rank holders in college/Universities will have a special preference. 

Top Management Government Colleges in India:

Government colleges are a go-to for students who can’t find decent colleges near their homes or students who simply don’t have the deep pockets required to study in a private management institution. 

Below is a brief list of all the top government colleges that provide a world-class management program. IIMs are generally considered top-class in management programs. Here we try to round up colleges other than the reputed and already established IIMs.

1. Faculty Of Management Studies, Delhi University:

Faculty of Management Studies is one of the top-most colleges under the Aegis of Delhi University, which provides the best management programs and exposure to its students.  It is considered among the leading government business schools owing to its very high ROI and excellent placement record. The pedagogy followed by the school combines case studies, fieldwork, and instrumented feedback, which ensures its students are encouraged to have an open mind and the adventure to gather ideas. 

FMS is among the founding members of AMDISA (Association of Management Development Institutions of South Asia) and has a rich history of collaboration with

• Rotterdam School of Management, Netherlands
• Manchester Business School, England
• INSEAD Fontainebleau, France
• Wisconsin University, USA
• ESADE, Spain among many others.

It also conducts Foreign Exchange Programs with many reputed institutes.

Eligibility to Apply to Faculty of Management:

• The admission of the candidate is based on extempore speech, a personal interview, and a group discussion.
• Candidates have to appear for CAT (Common Admission Test), after registration. This score will judge 60% of the weightage in drawing the admission merit list.
• Admission of the candidate is generally through the cut-off list which is released every year. 

2. Jamanalal Bajaj Institute of Management Studies, Mumbai:

JBIMS has continuously been named among the top 10 ranking B- school institutes of the country in the government sector. It was established in 1965 and has continuously strived to provide a first-class exceptional quality of education to its students.  It provides great placement to its students every year amongst top-ranking corporate companies. The Institute also provides hostel facilities to students residing outside of Mumbai, on the basis of Merit-List.

Eligibility to Apply to JBIMS, Mumbai:

• Candidates must secure a minimum of 50% marks in their Bachelor’s from a recognized University.
• Candidates need to appear for the MH-CET (Maharastra Common Entrance Test) and Group Discussion.  The final selection, however, is done on the basis of Academic Record, Nature of practical experience, and performance in the interview round.
• The institute also accepts CAT/CMAT, along with MH-CET scores. 

3. IIM, Bangalore:

The Indian Institute of Management is the leading graduate institute of management in Asia. The vision of IIM seems to be very promising as they are already achieving excellence and are becoming a globally renowned academic institution, providing excellence in management, innovation, entrepreneurship for business, government, and society.  The institution has been accredited by the EFMD Quality Improvement System (EQUIS) for a period of 5-years in 2016.

They also have a vibrant student-exchange program with several partner universities in North America, Europe, Australia, South America, Asia.  It has been awarded, ‘The 5- Palme’ by Eduniversal. The award has since been given to only 2 B-schools. It also achieved the highest package in student placement.

Eligibility to apply to IIM, Bangalore:

• Candidates must have a minimum of 50% marks in their Bachelor’s. 
• They must also have a minimum of 4 years worth of work experience in any industry. 

Difference Between a Private Management College and a Government College:

The basic difference between a private college and a government college is the source of their funding. 

• Funding of Government and Private Colleges:

Private colleges and government colleges acquire funds from different sources. While government colleges are funded by the State government, private colleges are funded by student fees and trust funds. Students are charged a lower fee in government colleges since they are funded by the government and hence the operating, and maintenance charges are all covered by the government. 

In private colleges, the operating cost, infrastructure maintenance, and practically everything is covered by the student's tuition fee, they generally have high fee structures. 

• The Infrastructure of Government and Private College:

When it comes to infrastructure, government colleges usually lose the race. With ill-equipped labs, badly maintained classrooms, lack of modern technology and amenities, government colleges don’t have much to offer in terms of infrastructure.  With private colleges, the case is very different. Some private colleges provide state-of-the-art amenities, a gym, a swimming area, modern technology, well-maintained classrooms, up-to-date labs, and libraries. 

• The Teaching Staff of Government and Private colleges:

Generally, the teaching staff in a government college are not well-directed due to a lack of resources. However, in private institutions, teachers are all well-equipped, well-directed, although not highly qualified sometimes, they have skills to get through the standards set by the institution in regards to the achievement rates.

The class size in government colleges is generally very big, with students up to 60 or 70 in one class. Private colleges have a smaller size. Due to the increased relationship between students and teachers, it is easier for students studying in a private institution to receive the special attention they deserve, than a student of a government college. 

• Placements in Government and Private colleges:

Government colleges provide better placement opportunities than small private colleges. More and more employers prefer government colleges since they are better recognized. Hence sometimes despite the lack of facilities, students in government colleges get better placement packages than students of a private college.  

Note: Students must choose a business school considering their finances, networking options, program interests, and career goals so that you make the best decision for your future.