Top MBA Colleges in 2016

With better career opportunities providing higher salary, holistic perspective over the business world, high-level networking, leadership opportunities etc, students resolved that MBA can help them to escalate their career at one go.

MBA, the most sought post graduate degree program to persist in the business world, indeed has a wide range of criteria to be taken care of before opting for it. Criteria such as the MBA specializations, whether to opt for 1 year or 2 year MBA, which college to go for; have certainly put students in a plight.

MBA degree can be done as a 2 year traditional degree or as a 1 year MBA program which is an accelerated choice for students having crystal clear career goal as their dream. Some of the most popular specializations chosen today in MBA are Finance, Human Resource Management, Marketing Management, Operations Management etc. The expansion in the global business economy has given rise to new MBA specializations like Rural Management, Information Technology, Supply Chain Management, International Business (IB) etc.

Even if the specializations are chosen, another dilemma that takes form is whether to choose a government college or a private college. Keeping in mind the value of the degree offered, facilities, placements and career options the colleges provide, you should go ahead opting for the colleges best for you.

In order to help you grab a seat in the top B-Schools in India, various entrance exams like CAT, MAT, SNAP, XAT etc are conducted across India. List of top 5 B-Schools in India are categorized below with their exceptional qualities that made them to be on top:

Indian Institute of Management (IIM) Bangalore:

Located in India’s high technology capital, IIMB is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving it the added advantage of integrating classroom knowledge with practical experience. IIMB is the only Indian business school to feature among the Top 50 B-schools on the Financial Times Executive Education 2015 Rankings, alongside the London Business School, Harvard School of Business, University of Oxford and several others.

IIMB has also been ranked among the Top 30 Business Schools in the world on the Financial Times’ prestigious Master in Management Rankings for 2015. IIM Bangalore has recently topped the list of best management institutes in the ‘India Ranking 2016’ – the first-ever national ranking of universities by the Government.

Faculty of Management Studies, University of Delhi:

FMS is among the few Top B-Schools of India, where every permanent faculty member is a Ph.D degree holder. Every student in FMS is a part of Management Science Association (MSA), a student body comprising of different panels that focus on distinct functional areas of interest.

To encourage entrepreneurship, FMS provides a placement holiday to students who wish to pursue their own ventures and allows them to participate in a subsequent placement process for up to two years, in case they want to avail the opportunity. Nestled in a strategic location that is at the crossroads of busy corporate and student activity, FMS hosted over 200 business leaders in the last year to facilitate a comprehensive learning curve for its students.

Indian Institute of Management, Ahmedabad (IIMA):

IIMA is consistently rated as the Top B-School in India by reputed national agencies. The institute has been ranked 16th in the Financial Times (FT) Masters in Management Rankings 2016 as well as ranked 24th in the Financial Times Global MBA Ranking 2016 in its top 100 list of B-Schools, announced in January 2016. The enviable record of the entire batch getting placed year after year, over the past 20 years, also points to the quality of the students admitted and the quality of training they receive.

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai:

NMIMS is located in Mumbai, Maharashtra, India. It is a private university one of the leading MBA College since last 34 years and has awarded as 13th top Business World B-School Survey in 2014. The placement programs of 2015 included MBA, MBA HR, MBA Banking and MBA Capital Markets. The average pay offered is Rs. 16.51 lakh per annum, which is around 8% higher than last year.

NMIMS School of Business Management (SBM) is ranked 12th in top 100 management schools & 5th place in top 10 Pvt B-schools in Outlook Drshti B School survey 2014, 9th rank top 25 B-schools, 3rd rank top 35 Pvt. Colleges, 2nd rank top 25 Pvt. Colleges in West Zone in The Week Hansa Research B-School Survey 2014 etc.

Department of Management Studies, IIT Delhi:

Department of Management Studies (DMS), IIT Delhi is known for its 100% placements record which is the reflection of the timeless ties and relationships with their corporate partners. DMS, IIT Delhi has been ranked in the top 2 schools in the “Business and Management Research” category of the “Stanford Ranking” for 2015. Outlook has ranked IIT Delhi 6th among the top 10 B-schools in India 2016. DMS, IIT Delhi shares top three ranks in India for business and management studies along with IIM Ahmedabad and IIM Bangalore in QS India University Rankings 2015.

Study In India: The Advantages of Indian Systems of Global Education

India is well known for its diversity in languages, cultures, traditions, flora fauna, and geographical disparities. Being one of the oldest civilizations, India is acknowledged for its significant contributions to the knowledge world. Since ancient times it has proved its excellence in the field of academics. India has nourished many talents in fields like Mathematics, Physics, Economics, Astronomy, Management and Finance over years. In ancient times many foreign travelers traveled to India to enrich their knowledge and education. Ancient university of Nalanda has its golden history of enriching scholars from several corners of the globe during the period of Buddha and Mahavir timing 6th century BC. Prudent education system has its roots back to many centuries in the history of India.

The present education system in India is mostly influenced by the British system of education. Under the influence of British colonialism the modern Indian education system has prospered with systematic approach. In the post-independence era there have been significant reforms in the Indian system of education to make the standards distinct and widely adaptable. In 21st century independent India is roaring as an economical superpower with its fast growing economy, industrialization and globalization. There are numerous world-class educational Institutions exist in India. The standards of education are at par with the top-notched institutions of the world. Even there are institutions which are regarded as the most preferred in their respective majors.

In the mean while India has developed holistic system of education catering for the comprehensive development of an individual. From time immortal there exist an essence of emotional bonding between the student and the teacher in Indian system of education. Out of many structures of education provided in India the “Gurukul” system of education has proven its excellence over others. In the recent years this system of education is being adopted by many frontline educational institutions for attaining superior outcomes.

There are numerous vanguard institutions like Indian Institute of Technology (IIT), Indian Institute of Management (IIM), Delhi University (DU), Jawaharlal Nehru University (JNU), Symbiosis International, Xavier’s Institute, TATA Institute are present and excelling in India. They have proven their standards on the global platform. India provides its scholars wide choices for individually preferred field of excellence. With world-class facility campus equipped with latest technologies, Indian educational establishments provide its students life time opportunity of education and curricula development. With affordable and qualitative educational system, Indian educational establishments stand apart from its competitive counterparts.

Technically speaking India offers top of the standards facility to experiment and learn so as to develop the creative side of personality. Indian education system emphasizes on creating personalities rather than preparing workaholic machines. The value education has enriched Indian system of education with every facet of life for joyful learning. This is the rationale behind creating global leaders with marvelous potential. Indian is transforming itself as global hub for business process outsourcing. With its relatively low man-hour overheads it is attracting global investors with fair opportunities for futuristic investments. The international exposure of Indian economy has opened up many doors for foreign direct investments. To meet this demand of technical man-force, educational systems in India are continuously devising strategies to provide best of the quality education to its students.

As the cost of education in India is relatively low as compared to the other developed countries, it has gathered wider acceptance from students around world. The opportunities are plenty and this invites people around the globe to explore their share. The future of Indian education system is focusing more on knowledge economy. This provides abundant resources for exposure and experience for any student to learn through a state of rapid changing economy stage.

The options for study in India are widely diversified with wide presence of broad range of choices for education. You can choose to study on campus, off campus, on distance and correspondence learning modes. The flexibility of education system allows virtually everybody to ascertain their scope of education at any level. Moreover you have a friendly atmosphere while thinking of study in India. India is a country with varied of educational standards spread across its length and breadth. Sovereign Government of India facilitates the intermingling of cross-cultural relationships. With all theses distinct advantages, India is adopted as the numéro une choice of education.

Whether you are an Indian or a foreigner, India has unique opportunities in terms of quality and value added education with state-of-the-art infrastructures and veteran faculties for each one of you. This facilitates the person in you to transpose in to a globally acclaimed citizen.

Trigger the Entrepreneur in You

The thought rolls back to days when we used to pore over discriminating the terminologies ‘Engineering’ and ‘Technology’. As given to understand, Engineering is a design process bringing in innovative thinking and customized solutions in any field, be it construction, power distribution or design of machine intelligence. And by contrast, Technology is a process or tool to execute these designs. Over twenty five years back, as a young engineering aspirant, some of us have debated on this dichotomy of nomenclature, a civil-mechanical-electrical engineering as against a chemical-production technology. Nevertheless, ‘a professional course’ as we call it moulds and directs the student to make a profession of his/her stream of study. Apart from the opportunities in the mainstream functional areas like Project management, Design, Research & Development, or Pedagogy, the quintessential commonality in all streams of study also helps ‘the engineer’ adapt to swings of the market and make smart shifts in career. Year 2000, for instance witnessed a phenomenal shift of career of engineers from all streams of study into IT, a sector which then exhibited a tectonic boom.

Till a decade ago, our country continued to run short of the number of engineers produced annually as against the intake in both the private and public sectors as per a survey. The statistics shows that engineering colleges sprung up in number from a fair 1500 colleges in 2007 to a mind-boggling 3300 in 2015 in India, with a small state of Kerala alone shouldering over 150 engineering colleges. Has this lowered the bar or shrunk the demand for the profession, is for experts to comment. However, living facts like, India presently churns out more engineers than US and china put together, may add food to these thoughts. Haven’t we stratified multifarious our output of engineers in India. The premier group of IITs followed by a group of corporate backed institutes, NITs, the pick of state colleges and then the rest. On one, we see a brilliant topper from IIT Mumbai walk away with a plum crore plus annual CTC on campus placements and on the other an engineer from strata lower down, still struggling for an upkeep in the initial years. A leading UK based global recruiter firm suggested that engineering roles were the hardest to fill as has been agreed upon by 45% of recruiters globally. As per Nasscom report in 2011 only 17.5% of engineering graduates were deemed employable. India’s information technology industry spends nearly $1 billion a year to make them job-ready, the report said. Again, telling upon the prevalent quality crunch. Eventually we heard reports like, over 50% merit quota seats vacant in Kerala, AICTE bringing down the number of engineering seats by six lakhs etc.

The scenario here triggers the need for an entrepreneurial upbringing of our young engineers. If we track the career path of engineers from premier institutes in India in the recent past we can see that a good share of them either venture on their own or take a short term industry exposure and then go enterprising. The story from the premium B schools in India is no different. Moreover their curriculum itself introduces entrepreneurship. IITs and IIMs have shown growing fervor for entrepreneurship with as high as 4-5% of students preferring startups to plush placement offers. At IIM Kozhikode 15 of the batch passed out the previous year are entrepreneurs. A recent report reveals that 41 students out of the new batch of various IITs are at various stages of their startup blueprints. Interesting statistics there! The question is, why are such initiatives just restricted to premium institutes and not others? Why can’t we raise the bar and bridge the gap. To be a successful entrepreneur is perhaps the toughest of all assignments, but certainly the most gratifying one at the end of the day.

Let’s go through a few successful examples. Sachin and Binny Bansal, two ex-IITians from Delhi after some initial exposure in Amazon, ventures into an e-commerce start up in 2007 beginning with small transactions of book and electronics. Now, in less than eight years the company has evolved into a billion dollar business house Flipkart, on an M&A spree gobbling over all small timers. The case study of Make my trip, OLX and UBERs of the world, unfolds similar success stories. A 19 year old young lad, a Harvard sophomore invented a networking tool with a simple intention of getting connected to his friends in college, in 2004 which turned an instant hit. The site now is one of the biggest in the world with over 40crore connections, Facebook by Mark Zuckerberg. Endless goes the success stories of startups in India. This is not just restricted to the IT and e-commerce sector. Services sector, logistics etc also has witnessed flavors of success through startups. Redbus, Taxi4sure goes the names of innumerable startups conceived by brilliant young engineers and in a span of just 7-8 years established a, strong brand equity. Grey orange robotics established in 2009 is the first of its kind venture offering logistics automation solution. Robots move shelves stacked with various products scanning barcodes, yet again the brainchild of two BITs pilani youngsters.

“Zao Foods”, a Mitali Khalra vision to inculcate a habit of eating nutritious food. She came up with ‘cafe Crostini’ in south delhi. Indiblogger. in was started as a free blogging platform, but the founders had some bigger game plans, to connect the corporate world, companies and brands to their customers as a revenue model.

‘Under the mango tree’, a social venture promoting bee keeping, by Vijaya Pastala, an MIT alumni took 14 years to establish. Swapnil kamat and his wife Ruchira had to undergo hardships before establishing their dream venture, Work Better-Training and Development, an executive training company focusing on teaching behavioral and cognitive skills to corporate employees. Helpingdoc. com, an online venture by a team of medical professionals conceptualized the idea of providing medical support online. An overview reveals that, innovative ideas have explored all facets of life, low cost energy, artificial intelligence, robotics, biotech, health, fashion, food, technology, service, and what not. Investors are now running after genuine ideas of business to fund for. Not just the angel investors or venture capitalists but even the corporate allot funds to invest in startups.

Ratan Tata, the ‘Tata group’ honcho, stepping aside from the day-to-day responsibilities of the corporate conglomerate, took interest in investing in 10 startup ventures shortlisted. The investments typically vary between 1-5 Crore and spread across dotcoms, health care, clean energy etc. The pick of them all is ‘Swasth India’, a Mumbai based affordable healthcare setup providing medical services to low income population, again an IIT Mumbai alumni venture. Franchise India, recently hosted a forum in Mumbai inviting business ideas. We also have Pro Bono consultants providing services to startups non-profit with social relevance and commitments. IIT Mumbai has an Entrepreneurship Cell, a non-profit independent student body which instills the spirit of entrepreneurship among students and working professionals. The Entrepreneur cell of IIT Kharagpur recently held an entrepreneur awareness drive, a massive initiative to encourage students across the country to embrace the concept of entrepreneurship. These E-cells incubates startup ideas by connecting investors and entrepreneurs of similar interests. The Global entrepreneur summit, Eureka – International Business plan competition etc are some of the events which drive the young budding engineers. IIT Chennai also runs an incubation cell C-Tides and Research Park for Startups. Kerala is no behind in startup initiatives and promotions. We have Kerala Startups Society, a not-for-profit organization with the objective of building a vibrant startup ecosystem. Regular meets are organized to interact with investors, successful entrepreneurs and players. Based in the IT technology park- Trivandrum, is Kerala Startup Mission (KSUM) formerly known as ‘Techno-park-Technology Business Incubator’. Under the guidance of Kris Gopalakrishnan of Infosys we have the startup village, another technology business incubator in kochi.

An innovative business model is all about identifying a social problem to work an effective solution. Thus the startup drive is not just a commercial drive but one of social relevance. A friend of mine recently travelling from Orlando airport to the hotel while on a business tour took an airport cab to destination paying about 90 bucks, but on return smartly took a Uber cab for as low as 25bucks for the same distance. A cost effective solution offered here. A decade ago if one planned a multi city travel in India, it involved a lot of planning and follow-ups with travel agents, hotels, cabs etc. Whereas now it all gets done in a jiffy fiddling with a chosen smart mobile App. Instance of life made easy and smart with start ups. Understandably the mortality rate of startups, are high and not all ventures flourish evenly. But for the youth it is a learning curve to introspect, re-model, and evolve to success.

The recent business visits by the Indian PM to the US, EU and middle east especially the one to the silicon valley, has generated overwhelming response in terms of investments proposals to India. The digital India drive by the Prime minister intends to generate innovative ideas in digital Technologies which include Cloud Computing and Mobile Applications. As we all know the new generation engineer is sharp, innovative and creative with a higher level of IQ than their predecessors. Now we have the brains, the bucks, the governance and all it takes is some out-of-the-box thinking to churn out the “ideas”. Let the academia with the conducive faculty instill this passion in our youths.

May the buzz line for the budding engineers be ‘trigger the entrepreneur in you’. Thank you!

(The writer is a Mumbai based corporate marketer)