Top 10 MBA Colleges in Vizag 2024 – Admission, Course Fee

If you are looking for information on Best MBA Colleges in Vizag? then you are in the right place. Vizag, short for Visakhapatnam is a busy port city in Andhra Pradesh, India. It is known for its well-developed infrastructure. It is home to many top-notch higher education institutions offering management and MBA courses. 

In Vizag, you will find a mix of private and public colleges and universities providing full-time MBA programs. In this blog, we will discuss the reputed management colleges in Vizag and their MBA courses. So, keep reading to discover more details about the best MBA colleges in Vizag. Let’s get started! 

What is an MBA?

MBA is a popular program with a whopping 3 lakh students currently pursuing it. This big number shows how much people like it. MBA has become a leading program in today’s world. This creates a lot of buzz in the job market. 

If you have good planning skills and want to help businesses grow, an MBA is the perfect program. It offers exciting career options like Entrepreneur, Business Specialist, and Marketing Analyst.

If you’re thinking about pursuing an MBA in Vizag, it can be beneficial to explore options beyond your current location. For instance, researching the top colleges in Bangalore for an MBA could provide valuable insights into different educational opportunities and career prospects.

Why Should You Pursue an MBA from Vizag?

Vizag is one of India’s oldest port cities. It is bustling with economic activity and is known for its strong infrastructure and industries. It is not just about business though; Vizag is also a hotspot for quality higher education. You will find top-notch institutions here in fields like management, technology, and engineering. 

When it comes to MBA colleges and business schools, Vizag does not disappoint. These institutions are well-connected to industries. This offers you a learning experience with real-world exposure.

Eligibility Criteria for an MBA

To get into an MBA college in Vizag, you need to meet some basic requirements. Along with that, you must also score well in a management entrance exam and pass the interviews or group discussions held by the institution. 

Here is what you typically need:

• A Bachelor’s degree in any field from a recognized university.
• At least a 50% average score in your graduation.
• Some institutions might prefer candidates with 2 to 5 years of work experience in a relevant industry, but it is not always mandatory.

When applying to an MBA colleges in Vizag, there are various entrance exams you can consider. These include CAT, XAT, MAT, GMAT, CMAT, ICET, APICET, and more.

Admission Process for MBA Colleges in Vizag

Here is what you need to do to get into an MBA college in Vizag:

1. First, check if you meet the course requirements.
2. Then, take a management aptitude test, which could be national, state, or from the college itself.
3. Your exam results will determine if you can proceed further.
4. If you do well on the exam, you will move on to group discussions or personal interviews for final selection.

List of the Top 10 Best MBA Colleges in Vizag

You have got 10 top-notch MBA colleges if you are considering attending one in Vizag. Let’s have a look at them.

1. GITAM School of Business

GITM Business School is a part of the esteemed GITAM Deemed-to-be University. You will find a top-rated A++ business school in India. 

With various accreditations like NAAC and approvals from bodies like BCI and PCI, it is recognized for its quality education. They offer a full-time MBA course approved by AICTE. It is considered a valuable professional program. 

To join, you can clear the GITAM Aptitude Test (GAT) or have a valid score in exams like CAT, MAT, XAT, GMAT, CMAT. You can specialize in 9 different areas within the course. 

Here, you will learn from experienced faculty and industry experts, receive financial aid, and benefit from excellent placement services. This ensures a good return on investment after completing your studies.

• Course Fees: Rs 970,000
• Accreditations: AICTE, BCI, PCI, NAAC A++ Grade
• Accepted Entrance Exams: CAT, XAT, MAT, GMAT, CMAT, GITAM
• Placement Package: Rs 980,000 per annum

2. Vignan Institute of Information Technology

Established in 1997, the Vignan Institute of Information Technology is a private educational institution. It is affiliated with Jawaharlal Nehru Technological University, Kakinada (JNTUK). It is accredited by UGC, AICTE, and NBA. It holds a NAAC A+ rating. 

Their MBA program offers 4 specializations. One notable aspect of Vignan IIT is its affordable yet quality education. The full fee for their MBA program is Rs 89,400. Their placement services ensure you have access to top job opportunities with attractive packages in reputed firms.

• Course Fees: Rs 89,400
• Accreditations: UGC, AICTE, NBA, NAAC A+, etc
• Accepted Entrance Exams: Integrated Common Entrance Test (ICET)
• Placement Package: Rs 500,000 per annum

3. Sun International Institute of Tourism and Management

Sun International Institute of Tourism and Management is a private institution in Visakhapatnam. It is recognized by AICTE. It focuses on tourism, hotel management, and business studies.  They offer a 2-year MBA program with real-world experience through internships and industry interactions. 

This allows you to earn while you study. You can specialize in HRM, finance management, or marketing management. You can even opt for dual specializations. The institute guarantees placements for MBA graduates, with starting salaries averaging up to Rs 6 LPA.

• Course Fees: Rs 310,000
• Accreditations: AICTE
• Accepted Entrance Exams: APICET 
• Placement Package: Rs 600,000 per annum

4. Ambedkar Institute of Management Studies (AIMS)

Established in 1995, the Ambedkar Institute of Management Studies (AIMS) is a private management institution. It is recognized by the AICTE. They offer a 2-year full-time Post Graduate Diploma in Business Management (PGDBM) course. 

To enroll, you need to qualify in management entrance exams like CAT, MAT, ATMA, or TS-ICET. The course fee is Rs 1.5 lakhs, with options for financial aid like EMI payments. AIMS boasts high placement rates after graduation.

• Course Fees: Rs 150,000
• Accreditations: AICTE
• Accepted Entrance Exams: CAT, MAT, ATMA, TS ICET 
• Placement Package: Rs 375,000 per annum

5. Risali Institute of Management

The Risali Institute of Management is affiliated with Bharathiar University. It is recognized by UGC and NAAC. It offers a full-time MBA program with specializations in areas like aviation and airline management, agribusiness, and entrepreneurship. 

To get into the program, you need to perform well in the Andhra Pradesh ICET (APICET). The total fee for the program is Rs 2.8 lakhs. The institute provides placement support. It collaborates with prestigious companies to offer attractive job opportunities to MBA graduates.

• Course Fees: Rs 280,000
• Accreditations: UGC, NAAC ‘A’
• Accepted Entrance Exams: APICET 
• Placement Package: Rs 300,000 per annum

6. Indian Institute of Management (IIM), Visakhapatnam

In 2015, the Indian Institute of Management (IIM) began in Visakhapatnam. It earned a spot among India’s top 30 business schools according to NIRF rankings in 2023. 

As an AICTE-approved institution, it is renowned for its rigorous academics, esteemed faculty, industry partnerships, and focus on research. Their two-year full-time Post Graduate Program in Management (PGPM) offers specializations in 9 management areas. 

To join, you will need a good CAT score, followed by GD-PI rounds. The program costs around Rs 18.25 lakhs. It is designed to integrate placements with a dedicated team. It connects PGPM graduates to various job opportunities in top industries.

• Course Fees: Rs 18,25,000
• Accreditations: AICTE, NIRF Rank 29 in Management Category 
• Accepted Entrance Exams: CAT
• Placement Package: Rs 15,00,000 per annum

7. GEMS Business School

Established in 2006 under the Mysore Maharaja Institute of Higher Education, GEMS Business School is approved by UGC and AICTE. They offer an industry-focused MBA program to help enhance your professional skills. 

With AICTE recognition and collaborations with industrial companies, you can specialize in 13 different areas. 

To join, you will need to perform well on the GEMS Online Admission Test. Their placement services are top-notch. This provides attractive job options from various fields and top companies.

• Course Fees: Rs 490,000 to Rs 730,000
• Accreditations: UGC, AICTE
• Accepted Entrance Exams: GEMS Online Admission Test
• Placement Package: Rs 620,000 per annum

8. Andhra University

Andhra University is a public university founded in 1926. It has a long history of providing top-notch higher education. It is a NAAC-rated ‘A’ grade institution and ranks among India’s top 50 universities according to NIRF. 

The MBA program is offered through the Department of Commerce and Management Studies, College of Arts and Commerce. It offers 5 specializations: finance, marketing, HRM, retail management, and banking and finance services. 

With a course fee of nearly Rs 3 lakhs, the university’s placement services ensure a great return on investment after completing the program.

• Course Fees: Rs 300,000
• Accreditations: UGC, NAAC ‘A’
• Accepted Entrance Exams: APICET/AUSIB
• Placement Package: Rs 450,000 per annum

9. Srinivasa Institute of Management Studies (SIMS)

Established in 1995, Srinivasa Institute of Management Studies (SIMS) is an ISO-certified institution. It offers undergraduate and postgraduate education in computer applications and business management. The MBA program at SIMS is approved by the AICTE. 

To get admitted, you need to pass the Integrated Common Entrance Test (ICET). The course offers 8 specialization areas along with general management. The course fee is affordable, totaling Rs 70,000. You can pay this amount in installments over the 4 semesters. 

SIMS provides placement services. This includes professional training and campus placements after graduation.

• Course Fees: Rs 70,000
• Accreditations: AICTE, ISO
• Accepted Entrance Exams: APICET 
• Placement Package: Rs 450,000 per annum

10. Integral Institute of Advanced Management (IIAM)

The Integral Institute of Advanced Management (IIAM) was founded in 1987 in Vizag. It is a private institution recognized by the AICTE. They offer a 2-year PGDM course, equivalent to an MBA with 5 specialization areas. 

To enroll, you go through screening based on entrance exam performance, group discussion, and personal interview. The course includes placement services. This provides professional assistance and opportunities through campus selection.

• Course Fees: Rs 300,000
• Accreditations: AICTE
• Accepted Entrance Exams: MAT, CAT, XAT, CMAT, GMAT, ATMA,  any STATE CET
• Placement Package: Rs 420,000 per annum

Advantages of an MBA Degree

MBA is a popular degree with a high demand. If you are interested in management studies, it could be a great option for you. It teaches you about business strategies and tactics. This helps you become well-versed in Management & Business Studies.

Studying for an MBA gives you practical experience in real-world business situations. Whether you are starting your own business or working to improve an existing one is valuable. You must show both your skills and your degree in the job market. This combination can lead to significant career growth.

Frequently Asked Questions

Conclusion

If you are aiming to find the best MBA college for yourself, consider Vizag or Visakhapatnam. It is a great option with both government and private MBA colleges that have a strong reputation nationwide. 

These colleges offer fantastic opportunities for career growth and development. This makes them worth considering for you. If you complete your studies from MBA colleges in Vizag, it can lead to advancement in your career.