MBA stands for Masters in Business Administration. MBA is one of the most popular choices of postgraduate degree for candidates who wish to pursue career in managerial level jobs. MBA is a 2-year professional degree in postgraduate category. The course focuses on attributes of modern-day management, where students are provided the know how of business administration and development of leadership qualities and other
Our well qualified research team at MyBestGuide (MBG) has drafted this article to give you all the relevant information about the course. This article will also analyse and discuss some of the best colleges for MBA in Chennai.
MBA Admission:
One of the ways to secure admission in top MBA colleges are via entrance exams. Entrance exams can be nationwide exams such as CAT, MAT, GMAT or entrance exams conducted by universities or colleges likes SNAP, XAT, NMAT etc. Most of these entrance exams also has Group Discussion (GD) and Personal Interview (PI).
Certain colleges may also conduct merit based MBA admissions. These admissions are conducted based on marks achieved by students in their graduation degree and then admitted students are helped to clear exams like MAT or ATMA.
MBA Entrance Exams and Fees:
Some of the most common entrance exams for MBA and their application fees are as below:
| ENTRANCE EXAM | APPLICATION FEES (INR) |
| CAT | 2,200 |
| MAT | 1,650 |
| GMAT | 18,300 (approx.) |
| SNAP | 1,750 |
| XAT | 1,800 |
| NMAT | 2,300 – 2,800 |
MBA Syllabus and Specialisation:
MBA syllabus is divided in four semesters. MBA syllabus is drafted in a way that the course imparts professional knowledge pertaining administration of business to ensure they get good placement opportunities. First and the second semester general covers theory and the core management subjects. Candidates choose their specialisation 3rd semester onwards and fourth semester is usually a compulsory internship.
Some of the Core Specialisation in MBA are:
| Specialisation | Subjects |
| MBA HR | Fundamentals of HR Management HRM in service sector Managing Redundancy Performance Management |
| MBA Marketing | Human Resources Business Environment Marketing Management Consumer Behaviour Business Operations |
| MBA IT | Computer Applications in Management Data Data Mining |
| MBA Finance | Financial Reporting Managerial Accounting Portfolio Management Financial Risk Management |
Types of MBA Course:
MBA course are now available in various format to suit the needs of all
- Full time MBA
- Part-time MBA
- Distance MBA
- Online MBA
- Executive MBA
- 5-year Integrated MBA
- Postgraduate Diploma in MBA
Now that we have cleared the basics, the question arises that which college should one join in Chennai that will help you excel in all the aspects of MBA. In order to compile this list of Top 5 MBA colleges in Chennai, our research team at MyBestGuide (MBG) has focused on criteria such as, study material, faulty, student reviews, SERP, location, fee structure etc.
List of MBA Colleges in Chennai
Given below is a list of the top 5 best MBA colleges in Chennai. Furthermore, these results are based on our research and certain factors. Because we feel these factors are most suitable for students to excel. These factors include campus placements, faculty, campus size, and much more. However, despite the ranking, all these colleges are the best of the best so lest get to it.
| Institute | Fees | Contact Details |
|---|---|---|
| 1. Loyola Institute | 35000/- to 40000/- | a.044-28178291 b.044-28178292 helpdesk@loyalacollege.edu loyolacollege.edu |
| 2. DoMS IIT Madras | 8Lakhs to 10Lakhs | a.044-22574550 b.044-22578431 vln@iit.ac.in doms.iitm.edu.in |
| 3. Great Lakes Institute | 7Lakhs to 12Lakhs | a.044-30809000 admissions@greatlakes.edu.in greatlakes.edu.in |
| 4. Rajalakshmi | 35000/- to 40000/- | a.044-67181111 cemm@rajalakshmi.edu.in rajalakshmi.org |
| 5. Xaviers Institute | 4Lakhs to 8Lakhs | a.044-67179400 b.0484-2972972 info.simsr@somaiya.edu simsr.somaiya.edu/en |
1. Loyola Institute Of Business Administration – Best MBA College in Chennai
To begin with, first on our list of best MBA (Management) colleges in Chennai we have the Loyola Institute Of Business Administration. Loyola Institute of Business Administration looks to imbibe the Jesuit values in their students. But they also help nurture individuals that can create a difference tomorrow. The institute has been accredited by the SAQS, the AACSB (Association to Advance Collegiate Schools of Business) as well as the NBA (National Board of Accreditation).
| 1) PEO: Professional competency – Firstly, to achieve excellence through the development of managerial competency. |
| 2) PEO: World-Class Leaders – Secondly, to equip with relevant knowledge in the business domain |
| 3) PEO: Ethically Sensitive – Next, to impart ethically sensitive leadership practices |
| 4) PEO: Socially Conscious – To transform into global principled leaders who are socially conscious |
Fees and admission
- Post Graduate Diploma in Management [PGDM] Total Fees: ₹ 15,26,000
- Application Fee: ₹1,500
- Exams that are Accepted: CAT and XAT.
- Cutoff: 70 Post Graduate Diploma in Management Business Analytics
- Ranking: It is ranked 50th by NIRF
- 6 Streams: HRM, Finance, Marketing, Systems Management, Operations Management, as well as Business Analytics.
Why choose Loyola Institute of Business Administration?
The Loyola Institute of Business Administration is our top pick for the best MBA Colleges and PGDM Institutes and Chennai and is definitely a college worth considering. From faculty to campus to extracurriculars they have it all and much more. Furthermore, click here to visit LIBA’s official college website.
2. DoMS IIT Madras – Best Management College in Chennai
Following LIBA, we have the Department of Management Studies IIT Madras who takes second place in our list of best Management Colleges in Chennai. Firstly, being an IIT institute the college already has a big name and recognition that precedes it. Moreover, at present, the department of management at IIT Madras is home to the largest number of management research scholars in the country.
Furthermore, the institute’s notable Alumni have landed jobs in top firms around the world. In addition to this, the faculty at IIT Madras is very goal-oriented and driven. And they look to bring out the best from their students. The students can also take part in foreign exchange programs. This will enhance their MBA experience.
Fees and admission
- MBA 1st Year Fees: ₹ 4,00,000
- Application Fee: ₹1,500
- Exams that are Accepted: CAT, XAT, MAT, and GMAT.
- Cutoff: 85 MBA Information Systems
- Ranking: It is ranked 15th by NIRF
- 6 Streams: Organizational Behaviour & HRD, Finance, Marketing Management, Integrative Management, Operations Management, and Information Systems.
Why choose DoMS IIT Madras?
The Department of Management Studies IIT Madras is one of the best MBA colleges in Chennai. Also, being an IIT institute you can expect nothing less than the best. Additionally, click here to visit the official website of DoMS IIT Madras for more.
Also, click here for the best CAT exam coaching centres in Chennai.
3. Great Lakes Institute of Management – Best MBA Course in Chennai
After IIT Madras, we have the Great Lakes Institute of Management. This institute ranks third in our list of best MBA colleges in Chennai. To begin with, the Great Lakes Institute of Management is a private management institute. It has world recognition. Furthermore, it is one of the best PGDM and MBA programs not only in Chennai but in India as well.
The Great Lakes Institute has world-class faculty, outstanding alumni, amazing programs as well as a 23-acre vast campus. Furthermore, the main vision of the institute is to create leaders for the future and mold students that can bring about change in the corporate world. Additionally, they strongly believe in equipping their students with a skilled and analytical mindset to deal with any challenge that comes their way.
Fees and admission
- Post Graduate Diploma in Management [PGDM] First Year Fees: ₹ 11,76,000
- Application Fee: ₹1,500
- Exams that are Accepted: CAT, XAT, CMAT, as well as GMAT.
- Cutoff: 70 Post Graduate Diploma in Management Finance
- Ranking: It is ranked 23rd by NIRF
- 5 Streams: HRM, Finance, Marketing, Operations Management, as well as Strategy Management.
Why choose Great Lakes Institute of Management?
The Great Lakes Institute has earned its place in our list of top 5 PGDM institutes and MBA colleges in Chennai. Their goal-hungry mentality is something they definitely look forward to imbibing in their students. Lastly, they would definitely be a top pick to pursue further studies. Additionally, click here to visit the official website of the Great Lakes Institute of Management.
4. Rajalakshmi School Of Business – Best Management Course in Chennai
The next best MBA college in Chennai on our list is Rajalakshmi School of Business. RSB is a private institute located in Tamil Nadu and has been running since 2015. Furthermore, the prestigious college offers a 2-year full-time PGDM program which is approved by the AICTE. Additionally, despite establishing itself in the year 2015, the institute made its way to the 2016 list of emerging business schools in the Times of India.
Rajalakshmi School of Business believes in promoting the best management education. They also want to produce global leaders. Furthermore, their mission is to give impactful education and equip their students with the best. Lastly, the college is home to expert faculty who promise nothing but the best.
Fees and admission
- Post Graduate Diploma in Management [PGDM] Total Fees: ₹ 6,00,000
- Application Fee: ₹1,500
- Exams that are Accepted: CAT, XAT, CMAT, GMAT, MAT as well as ATMA.
- Cutoff: Check the college website.
- Ranking: It is ranked 8th by NIRF
- 5 Streams: Human Resource Management and Organizational Behaviour, Finance, Marketing, Operations, as well as Business Analytics.
Why choose Rajalakshmi School of Business?
The Rajalakshmi School Of Business is one of the best PGDM institutes in Chennai. It is definitely a college to consider with the progress it has made in so little time. Lastly, it would be a smart choice to choose this school and your future would surely be in safe hands.
Also, click here to visit the official college website for more information, and click here for the best online coaching classes for CAT.
5. Xaviers Institute Of Management And Entrepreneurship – Top MBA College in Chennai
Last but not the least, we have Xavier’s Institute of Management. It is very rare to find a person who has not heard of St. Xavier’s institutes. The St. Xavier’s Institute of Management has a lot of prestige and is very well known. Furthermore, it has the faculty and alumni to back this prestige and name that it holds. They not only look forward to educating students but also imbibe certain values.
Additionally, the college is known for its PGDM program and is one of the best MBA colleges in Chennai. Moreover, along with world-class faculty, they have opportunities for foreign exchange as well.
Fees and admission
- Post Graduate Diploma in Management [PGDM] Total Fees: ₹ 8,00,000
- Application Fee: ₹1,500
- Exams that are Accepted: CAT, XAT, CMAT, GMAT, MAT as well as ATMA.
- Cutoff: Check the college website.
- Ranking: Not Mentioned.
- 6 Streams: Human Resource Management, Finance, Marketing, Information Technology and Analytics, Operations, as well as General Management.
Why choose XIME?
If you’re trying to get into the best MBA colleges in Chennai the XIME is definitely a top choice. Additionally, if you are looking for more information regarding XIME then click here to visit the official website.
Also, click here to learn more about NIRF.
FAQs | MBA Colleges In Chennai
The most popular type of MBA that is in demand across the globe is the general MBA. However, having a specialization is also very helpful if not as good as the general MBA.
According to our research, the best MBA college in Chennai is the Loyola Institute of Business Administration. We feel that this is the best college in Chennai after considering many factors that we think will benefit the student. Furthermore, it is a great college overall to pursue your MBA.
Common aptitude exams of some form are a must for most MBA admissions. So if you do not give the CAT exam you will have to give another type of common entrance exam to be eligible for an MBA admission.
There are a number of common entrance exam tests that one can take in order to be eligible for admission to management colleges. Furthermore, the best management colleges in Chennai accept exams like the XAT, NMAT, GMAT, CMAT, MAT, and ATMA examinations for you to apply for admissions.
First comes the LIBA college for management. Then we have the DoMS IIT Madras. Next is the Great Lakes Institute followed by Rajalakshmi School of business. Lastly, we have the XIME Institute.
A. A 5-year MBA is an integrated MBA program which combines the study of both undergraduate and postgraduate programs of BBA and MBA in 5-years. A 5-year MBA program can be pursued after completing 12th.
A. For MBA 12th marks does not matter, as MBA admissions are offered based on the scores of entrance exams and for minimum eligibility candidates require 50% marks in graduation.
A. To pursue an MBA from IGNOU one must complete their graduation and fulfill minimum requirements for the course. Apart from this, aspirants must qualify an entrance exam called IGNOU OPENMAT Exam conducted by Indira Gandhi National Open University.
