What does Tier 1 MBA B-Schools means?
Tier-1 MBA Colleges are India’s best business schools. Some of India’s Tier 1 colleges includes the Indian Institute of Management (IIM) Ahmedabad, IIM Bangalore, IIM Kozhikode, IIT Delhi, and XLRI. Tier 1 institutions in India excel in academics, infrastructure, faculty, research, placements, and presence on national and international platforms, and they also strengthen their alumni network. Top Tier MBA B-Schools
List of Top Tier 1 MBA Colleges in India Courses, Fees 2024-2025:-
All Tier 1 management institutions in India follow the same admissions approach. The following are the entrance requirements for Top Tier 1MBA B-Schools Courses, Fees 2024-2025.
|Tier 1 MBA Colleges||India||Courses||Fees (in Rs)|
|Indian Institute of Management|
|Gujarat||MBA, Executive MBA||INR. 24,61,000|
|Indian Institute of Management (IIM) Bangalore||Karnataka||MBA, PGDM||INR. 24,50,000|
|Indian Institute of Management (IIM) Kozhikode||Kerala||MBA, PGDM||INR. 20,50,000|
|Indian Institute of Management (IIM) Calcutta||West Bengal||MBA, PGDM||INR. 27,00,000|
|Indian Institute of Technology (IIT) Delhi||Hauz Khas, New Delhi||MBA||INR. 11,20,000|
|Indian Institute of Management (IIM) Indore||Madhya Pradesh||MBA, PGDM||INR. 21,14,222|
|Xavier School of Management (XLRI), Jamshedpur||Jharkhand||MBA, PGDM||INR. 12,90,000|
|National Institute of Industrial Engineering, Mumbai||Maharashtra||MBA, PGDM||INR. 7,03,000|
|Indian Institute of Technology (IIT) Bombay||Mumbai||MBA||INR. 4,91,000|
Tier 1 MBA B-Schools in India – Eligibility Criteria 2024-2025
All Tier 1 management institutions in India follow the same admissions approach. The following are the entrance requirements for Tier 1 colleges:-
- 1. Candidates must have a minimum of 50% in their bachelor’s degree from a recognized university.
- 2. Candidates need to take the Common Admission Test (CAT).
- 3. Students getting the highest percentiles in entrance tests will be selected. Shortlisted candidates are called for several rounds, such as Personal Interview (PI), Group Discussion (GD), and Counseling.
- 4. Candidates who pass all of the rounds will be admitted to post-graduate programs at tier 1 MBA institutions.
Tier 1 MBA B-Schools in India – Admission Process 2024-2025
All Tier 1 management institutions in India follow the same admissions process which is listed below:-
- 1. First, candidates must finish the registration process.
- 2. Candidates need to fill out an application form.
- 3. Pay application fees online
- 4. After completing online application form Admit cards are available for download one week before the test.
- 5. The results will be accessible online.
MBA Admission in Tier 1 and Tier 2 Colleges & B-Schools: Entrance Exams & Important Dates 2024-2025
|Registration Begins||Registration End||Exam Dates|
|CAT 2023||Aug 2, 2023||September 13, 2023||November 26, 2023|
|XAT 2024||July 15, 2023||November 30, 2023||January 7, 2024|
|NMAT 2023||Aug 1, 2023||October 10, 2023||Oct 10 to Dec 19, 2023|
|SNAP||Aug 23, 2023||November 23, 2023||Dec 10, 17 & 22, 2023|
|TISSNET 2024||Dec 14, 2023||January 5, 2024||February 15, 2024|
|CMAT 2024||Feb, 2024||March 2024||Expected in May|
How to Get the Best MBA College in Tier 1: Important points to remember
- 1. Candidates must have a minimum aggregate score of 55-60% and should fulfill all the basic eligibility criteria.
- 2. Candidates should keep an eye on the application form deadlines and exam dates for the particular test.
- 3. While filling the application form candidates should upload the documents in proper size and format.
- 4. Aspirants should study the test pattern and curriculum before beginning their preparation.
- 5. The last five-year question paper can be solved for better preparation.
- 6. Aspirants should review the fundamental ideas of business and ethics in order to adequately prepare for the GD round or interview.
Are Tier 2 MBA Colleges also Equally good?
Tier 2 MBA colleges have modern facilities and some charge affordable tuition fees. Tier 2 MBA colleges also have a good faculty and placement cell. Some private tier 2 MBA programs also provide exchange programs with international universities. These institutes are also recognized among the top 50 MBA institutions in the world. The majority of them select students based on common entrance tests such as CAT, XAT, CMAT, SNAP, MAT, MAH-CET, and GMAT. As a result, candidates may not be required to appear for other exams. In other words, tier 2 MBA programs in India should be your second choice if you don’t get into the top 25.
How are TIER 1 Colleges different from TIER 2 Colleges?
Top tier 1 universities are considered the most challenging colleges to get admittied. These tier 1 institutions are known for innovative studies, academic excellence, the highest levels of innovation, creativity, and scholarship. 2 Tier MBA institutions have modern amenities and some charge affordable fees. Tier 2 MBA institutions also have an excellent faculty and placement cell. Tier 1 schools are ranked 20th, Tier 2 schools are ranked 50th, and Tier 3 institutions are ranked 100th.
List of Top Tier 2 MBA Colleges In India 2023-2024:-
|Institute Name||Course||Expected Cut-offs||Fees(in RS)|
|Indian Institute of Management Raipur (IIMR)||PGP||CAT : 80%||INR. 15,92,960|
|Symbiosis Institute of International Business (SIIB)||MBA(IB)||SNAP: 98 percent||INR. 10,95,500|
|S.P. Jain Institute of Management & Research||PGDM||CAT: 92 Percentile||INR. 20,42, 000|
|Symbiosis Institute of Business Management, Bangalore||PGDM||SNAP: 95 percentile||INR. 18,90,000|
|Great Lakes Institute of Management, Chennai||PGDM||CAT: 90 percentile, |
XAT: 90 percentile
|Goa Institute of Management (GIM), Goa||PGDM||CAT: 90 percentile|
CMAT: 198 percentile
|Indian Institute of Technology Madras (IIT Madras), Chennai||MBA||CAT: 96 percentile||INR. 9,14,000|
|Indian Institute of Technology Roorkee (IIT Roorkee)||MBA||CAT: 95.75 percentile||INR. 9,68,200|
|Institute of Management Technology (Nagpur)||PGDM||CAT: 90 percentile||INR. 14,50,000|
|International Management Institute (IMI), Delhi||PGDM||CAT: 90 percentile||INR. 18,20,000|
|Indian Institute of Management (IIM) Udaipur||PGP||CAT: 90 percentile||INR. 10,00,000|
|FORE School of Management New Delhi||PGDM||CAT: 87.25 percentile||INR. 17,00,000|
|LIBA (Loyola Institute of Business Administration), Chennai||PGDM||CAT: 86 percentile |
XAT: 80 percentile
|Jamia Millia Islamia,New Delhi||MBA||CAT: 85 Percentile||INR. 47000|
What are Tier 3 MBA colleges in India?
Tier 3 MBA institutions in India are those that do not demand a particularly high cut-off percentile in the MBA admission examination. These colleges have equally good infrastructure, facilities, and course curriculum to give you a qualitative MBA course. Tier 3 MBA colleges in India include IIM Kashipur, IIM Nagpur, NIT Tiruchirappalli, and many more. Candidates who complete their courses at Tier 3 MBA institutes in India may anticipate a good placement package.
MBA admission to Tier 3 colleges is done through entrance tests such as MAT and college-based entrance exams such as SNAP, NMAT, and so on. All of these B-Schools take the CAT as well.
What is the average pay for MBA graduates from Tier 3 universities?
Top MBA Tier 3 institutions provide placements ranging from INR 7 LPA to INR 15 LPA.
Is it worthwhile to get MBA admission at a Tier 3 college in India?
Tier 3 MBA institutions in India are those where a high cut-off percentile in the MBA admission examination is not required. This implies that students who have low test scores may gain admission to these top Tier 3 MBA institutions in India and receive a quality MBA degree. They are still excellent places to learn and establish a career. Some of the colleges on this list provide a high return on investment.
List of Top Tier 3 MBA Colleges In India 2023-2024:-
|Institute Name||Course||Fees (in RS)|
|K. J. Somaiya Institute of Management Studies and Research, Mumbai||PGDM||INR.9,59,100|
|BIMHRD Pune – Balaji Institute of Management and Human Resource Development||MBA||INR. 8,45,000|
|Symbiosis International University||MBA||INR. 9,00,000|
|Birla Institute of Management Technology||PGDM||INR. 17,00,00|
|Indian Institute of Forest Management (IIFM), Bhopal||PGDM||INR. 7,80,000|
|Lal Bahadur Shastri Institute of Management (LBSIM) Delhi||PGDM||INR. 15,50,00|
|Welingkar Institute of Management Mumbai||PGDM||INR. 13,00,000|
|Jaipuria Institute of Management||PGDM||INR. 13,50,000|
|Amity University||MBA||INR. 15,56,000|
|University of Petroleum and Energy Studies (UPES)||MBA||INR. 16,00,000|
|Balaji Institute of Modern Management (BIMM), Pune||MBA||INR.9,65,000|
|ICFAI Business School, Hyderabad||MBA||INR. 16,02,000|
|Birla Institute of Technology and Science (BITS-Pilani)||MBA||INRs. 9,26,000|
|T.A. Pai Management Institute Manipal||MBA||INR. 16,50,000|
|Thapar Institute of Engineering and Technology||MBA||INR. 8,00,000|
Most demanding specializations in MBA in Top Tier Colleges B-Schools
Master of Business Administration prepares you for a career as a company leader at the executive level. You’ll learn vital skills like strategic thinking and people management. However, as essential as an MBA is, you may further advance your professional career by obtaining a specialized MBA in a certain field of business. MBA specializations in several areas such as banking and finance, insurance, and healthcare are also available to meet business need for skilled skills. Here are the top seven MBA specializations that you can choose from.
1. MBA in Marketing
Marketing is a popular specialization that is frequently seen as one of the simpler ones owing to its primary focus on customer behavior, market research, and branding. This specialization is concerned with the financial oversight of businesses and investments.
2. MBA in Finance
MBA in Finance graduates can pursue a variety of rewarding careers in the public and private sectors, including Financial Advisor, Investment Banker, Hedge Fund Manager, Stock Trader, Equity Analyst, and many more. Despite the common opinion that finance is difficult and that only commerce or finance students thrive in finance topics, non-finance students, including engineers, excel in finance subjects and go on to work in key financial professions.
3. MBA in Human Resource Management
Human resource (HR) experts play an essential role in ensuring that companies have the appropriate people in the right jobs and that those employees are motivated and engaged. If you’re seeking to work in this important industry, getting an MBA in human resources is an excellent option. It is a management curriculum that is both demanding and stimulating. MBA in HR provides expertise and training in managing an organization’s employees.
4. MBA in International Business
An MBA IB degree transforms one into a truly global citizen, extending the range of professional alternatives for worldwide transfers and allowing one to work as an international business consultant or global company manager. MBA in International Business can help you work in the international market department, international placement offices, import and export departments, global shipping businesses, the worldwide tourist sector, international consulting organizations, and international logistics and courier companies.
5. MBA in Business Analytics
An MBA in Business Analytics will provide you with a combination of business knowledge and analytical abilities. It improves your understanding of data-driven decision-making and prepares you to tackle complicated business problems. It aids in deciding which datasets are relevant and how they may be used to address issues and boost production, efficiency, and income. An MBA in Business Analytics will teach you technical as well as management abilities.
6. MBA in Logistics and Supply Chain Management
MBA in Logistics and Supply Chain Management program can help you advance your career by offering you with the skills required to get a promotion during your present job, improve your prospects with alternative employers, or make a career change. This specialization gives students the analytical skills and managerial methods necessary for the movement of products and services via inventory, customer service, warehousing, and storage.