Looking MBA colleges in Chennai? then you are in the right place. MBA is easily one of the most popular postgraduate courses in India and abroad alike. A degree in Master of Business Administration is quite essential to attain a managerial position in a job, hence making it a beneficial qualification to have.
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Chennai is one of the most prominent metro cities of India and is famous for housing business schools that impart quality education to their students. As per the latest statistics, There are about 149 approved MBA/PGDM colleges in Chennai; 122 of these are private MBA colleges, and the remaining 24 are government-aided ones. It is worth noting that most of these colleges are among the best colleges for entrepreneurship in 2024, making them one of the most sought-after institutes by students from across the nation.
Additionally, the city is witnessing a huge rise in the number of startups, which technically means that every MBA graduate will be in demand in the market after the completion of their course. With flexible options available for students, such as full-time courses, part-time courses, and distance education, they can opt for the ones that fit their schedules.
Why Should You Study for an MBA in Chennai?
Pursuing an MBA from Chennai has exceptional financial benefits. Since most colleges accommodate students from various parts of India, this gives the students a chance to work with a diversified culture that makes the education process fascinating, entertaining, and productive.
There are a lot of colleges in Chennai that students can choose from to pursue an MBA. Throughout the state, students can find exceptional colleges that provide courses in finance, business, marketing, and so much more.
Eligibility Criteria for the MBA Program in Chennai:
Many factors depend on which students can get themselves enrolled in MBA programs in Chennai. Some of them are:
1. Grades:
MBA programs in Chennai demand that students graduate from a recognized university with a minimum grade of 50% or more or an equivalent CGPA. Although there is no upper age limit to pursue an MBA, certain entrance exams in Chennai for an MBA made it compulsory for the candidates to be 21 years or older.
2. Work experience:
Certain colleges in Chennai require the students to provide proof of work experience. Preferably around 2-3 years since it validates the presence of professional skills within the candidates. Moreover, Students in restricted categories, such as SC, ST, PwD, and OBC, are granted at least 5% of their MBA eligibility requirements to be waived upon graduation.
3. Selection process:
Few colleges in Chennai have additional criteria to select their students, such as group discussions and personal interview rounds. These bring out the characteristics of a candidate, their thinking ability, leadership skills, etc. However, these are subjective to the colleges and vary throughout the state. Additionally, some business schools in Chennai demand English proficiency tests from the students, such as TOFEL or IELTS, to confirm the English speaking and reading abilities of the students.
Top MBA Colleges in Chennai:
Here are some of the top MBA colleges in Chennai. Let’s have a look at them:
1. Indian Institute of Technology, Madras (IIT Madras)
Although extremely popular for its Engineering courses, this college is ranked as one of the top colleges in India to pursue an MBA. The Department of Management Studies was established about a decade back to impart the Masters of Bachelor Administration program to their students. Additionally, IIT Madras boasts of having India’s biggest number of management research academics.
The work carried out by these research groups is often published in prestigious publications all over the world. Besides the MBA program, IIT Madras offers PhD, MS, and executive research programs.
After graduation, the students receive an average annual salary of INR 16.66 LPA.
- Establishment year: 2004
- Average course fee: INR 1,00,000 – INR 8,00,000
- Accepted entrance exams: CAT
- Placement package after graduation: INR 20,19,000
2. Great Lakers Institute of Management
The Great Lakers Institute of Management was established by Dr. Bala V Balachandran, a Padma Shri awardee and professor of accounting information and management at the Kellogg School of Management.
Currently, there are two GLIM colleges, one located in Chennai and the other in Gurgaon. The institute only provides full-time courses in PGDM, PGPM, PGXPM, and PGPM flex. Additionally, the college offers full-time and executive post-graduate MBA programs in marketing, operations, finance, strategy, data science, business analytics, and cloud computing.
- Established year: 2004
- Average course fee: INR 14,10,000
- Accepted entrance exams: CAT/XAT/GMAT/CMAT
- Placement package after graduation: INR 18,10,000
3. Anna University
Anna University is one of the most popular state-run public universities in India. The college is named after C. N. Annadurai, the then-prime minister of Tamil Nadu. This university follows a dual-semester structure for all its MBA programs. Apart from this, they also offer engineering and management courses via affiliated institutions.
This university is quite popular among aspiring students since it particularly targets achieving practical knowledge in the field of management. The expert staff makes sure that every student is exposed to diverse situations via projects, activities, and more.
- Established year: 1978
- Average course fee: INR 82,000
- Accepted entrance exams: CAT/MAT/CMAT/GMAT/XAT/ATMA/TANCET
- Placement package after graduation: INR 5,00,000
4. Loyola Institute of Business Administration
The management studies department at Loyola Institute of Business Administration was established with the aim of producing competent and committed leaders who are ethical and socially responsible, follow principles, excel in entrepreneurship, and have a global perspective. This business school provides a two-year full-time flagship PGDM course in addition to other programs like PhD, a one-year executive diploma, and a part-time PGDM.
It is easily one of the best MBA colleges in Chennai and is ranked among 86 among MBA colleges in India. The average salary package offered to students graduating from this institute is around 9 LPA.
- Established year: 1979
- Average course fee: INR 17,09,000
- Accepted entrance exams: XAT/CAT
- Placement package after graduation: INR 11,00,000
5. Xavier Institute of Management and Entrepreneurship
Xavier Institute of Management and Entrepreneurship is a private business school and one of the most sought-after colleges among students in India. It was established with the vision of creating empowered and goal-oriented professionals. Xavier Institute of Management and Entrepreneurship boasts of working with expert professionals who impart life skills and entrepreneurship skills to the students, among many others.
This institute offers a two-year, full-time PGDM program. Additionally, the curriculum is built in such a way that it encourages students to indulge in practical applications of the theoretical knowledge being imparted by the professors.
- Established year: 2017
- Average course fee: INR 8,50,000 to INR 11,50,000
- Accepted entrance exams: CAT/MAT/XAT/CMAT/ATMA/GMAT
- Placement package after graduation: INR 10,30,000
6. Bharath University
Dr S. Jagathrakshakan founded Bharath University the first-ever self-financing engineering college in Chennai, with the financial assistance of Sri Lakshmi Ammal Educational Trust. The college promotes an authentic and skill-based curriculum, thus ensuring every graduate excels in the field of entrepreneurship with exceptional global market knowledge.
The program attempts to influence worldwide business practices through innovative, astute thinking and academic research while providing a blend of theory and simulated real-life experience. Currently, Bharath University provides open and customized management development programs, a Ph.D. program, full-time and part-time PGDM/MBA programs, and a Ph.D. program.
- Established year: 1989
- Average course fee: INR 1,02,300
- Accepted entrance exams: CMAT/CAT/XAT
- Placement package after graduation: INR 4,50,000
7. Sri Sairam Institute of Management Studies
Sri Sairam Institute of Management Studies is a private MBA college in Chennai that is connected with Anna University. It offers various options in MBA courses, such as HR, financing, operations, and systems. Additionally, the course is a two-year full-time MBA program. Students can choose between residential and non-residential programs as well.
- Established year: 1998
- Average course fee: INR 1,50,000
- Accepted entrance exams: CAT/CMAT/XAT/GMAT
- Placement package after graduation: INR 4,90,000
8. Institute of Technology and Management
Institute of Technology and Management has various branches spread all across India and is quite reputed for its management courses. Not surprisingly, this institute has taken into account to be among the highest colleges in Chennai. It is a 4-acre property which popularly features all the latest facilities to make the learning environment for students.
This institute conducts various activities, projects, and research for the students to gain hands-on experience in the world of management and business. With the two-year MBA program with various specializations available.
- Established year: 1993
- Average course fee: INR 1,20,000
- Accepted entrance exam: MAT/CAT/XAT
- Placement package after graduation: INR 5,50,000
9. MEASI Institute of Management
MEASI Institute of Management is affiliated with Madras University. It is an autonomous institute offering a Master of Business Administration with specializations in various categories such as finance, marketing, logistics, human resources, systems, and hospital management. Moreover, it is the only university in Chennai that offers an MBA and PhD in management degrees.
With a widespread campus, this institute is known to accommodate students from across the globe, diversifying its culture and teaching process. This exposes the students to various norms, skills, and resources which are quite difficult to attain otherwise.
- Established year: 1987
- Average course fee: INR 3,22,000
- Accepted entrance exam: TANCET/CAT
- Placement package after graduation: INR 5,55,000
10. Rajalakshmi School of Business
Rajalakshmi is one of the top MBA colleges in Chennai. It has a flexible curriculum, which enables the students to choose courses and classes of their choice. This college aims to provide the best, industry-relevant, globally impactful management education to its students.
Many students seek residential courses here since the widespread campus has separate hostels for men and women. This enables the students to study at the university without worrying about the distance and transport.
Moreover, some of their top recruiters are OYO, butterfly, bisleri, Forbes, vivo, and Red, among many others.
- Established year: 2015
- Average course fee: INR 2,90,000
- Accepted entrance exam: CAT/CMAT
- Placement package after graduation: INR 7,80,000
Future of MBA Graduate in Chennai:
Chennai is one of the mainstream commercial and commercial cities of south India. As per statistics, Chennai contributes majorly in India’s economy, making it India’s fifth most productive metro area and the third highest in terms of GDP per capita.
Chennai is known to have one of the best qualities of life among Indian cities. Other than that, this city has witnessed the rise of many startups, making MBA graduates in demand.
This city also attracts tons of foreign visitors since it is known for its hospitality and safety. With a low to average cost of living, this city is best for students and job seekers.
Graduates of MBA programs possess strong leadership and team-building skills. Startups prefer MBA holders because they are competent in managing several departments and staff members. Every startup’s cornerstone and top priority is networking and forming solid partnerships.
A business that has strong relationships can succeed anyplace. MBAs are quite good at creating these foundations and can take advantage of their current networks, which turn into important connections for future employment prospects. Startup organisations in Chennai have no trouble filling MBA positions since they recognize the demand.
Frequently Asked Questions
1. Which is the best college for an MBA in Chennai?
IIT Madras, Great Lakers Institute of Management, Loyola Institute of Business Administration, etc are some of the popular MBA colleges in Chennai.
2. What are the fees for an MBA in Chennai?
The cost of obtaining an MBA in Chennai can range from INR 2 lakh to INR 22 lakh in government institutions and from INR 7 lakh to INR 30 lakh in private universities.
3. How many MBA colleges are there in Chennai?
Currently, there are around 150+ MBA colleges in Chennai, of which 124 are privately owned, and the government runs 7 MBA colleges.
4. Which branch of the MBA has the highest salary package?
The top MBA specializations that accompany a high salary package are Business Analytics, Information Technology, Finance, Marketing, and Economics.
5. How can I join an MBA program in Chennai?
The top entrance exams accepted by MBA colleges in Chennai are TANCET, CAT, etc.
6. Can I get admission to an MBA program in Chennai without a CAT?
Yes. Candidates can enroll in an MBA program without taking the CAT exam. A few more esteemed MBA programs admit students directly without the need to take the CAT exam.
Conclusion
Earning an MBA degree can make the graduates stand ahead of the competition and hence enjoy a successful career in the world of management and business. With more and more companies hiring MBA graduates, the demand for them is rapidly escalating in the market as well.
Apart from this, with the massive increase in developments in Chennai, MBA graduates can expect various opportunities in the market. If you are prepared to advance in your career, you can look into the Master of Business Administration (MBA) programs offered by respectable Chennai colleges.
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