Most students in India call ambition MBA. Yes, this MBA course is one of the most sought-after by students and employers alike. With a bachelor of engineering degree becoming the new university education, an MBA has become a “must-have” in the minds of many Indian students and parents. Wider opportunities, more engaging employment, and global exposure make this course even more appealing. Many of India’s Top B-schools in Kolkata, with their diverse curriculum structures, teacher skills, and overall cost-effectiveness of courses, have become favorite MBA destinations in the world.
In general, there are two types of students enrolled in their full-time management program in India. The first category includes students who take the MBA entrance exam after completing their bachelor’s degree. These students have less than industry experience and they take the various Indian entrance exams like CAT, XAT, etc. for this 24-month course. The second division consists of experts from different industries who have more than 2 years of work experience and have applied for an MBA degree. The growing tendency of people to gain some industry experience before earning a postgraduate degree has led to the introduction of 1-year MBA programs at many of the country’s top institutions. The duration of this course is typically 12-15 months, and globally highly regarded GMAT (Graduate Management Admission Test) scores are widely considered.
Where to study?
As mentioned earlier, there are many Indian B-schools that are considered to have the same or higher standards as their foreign competitors. Almost every MBA candidate can usually be found on the priority list to attend these schools. Based on ranking (global and Indian), infrastructure, and location profiles, we have compiled a list of the top B-schools in Kolkata.
The Grand Old Indian Institute of Management can be considered the mother of B schools in the country. Founded in 1961, these companies continue to produce world-class management professionals. There are currently 19 IIMs across the country and proposals for six new IIMs have been established. Out of the 19 schools, IIM-Ahmedabad was the top-ranked school for many years, followed by IIM-Bangalore, IIM-Kolkata, IIM-Lucknow, and IIM-Kozhikode. These institutes offer a variety of full-time and part-time management courses and primarily look at CAT scores.
The Faculty of Management Studies (FMS) is the oldest (founded in 1954) and the most prestigious management education institution in India. Located in Delhi, the school selects only a limited and elite group of students and jokingly calls its enrollment process the “rejection process” rather than the “selection process”. CAT scores are considered for admission and the school offers full-time, executive, doctoral and bachelor’s degrees in management studies. This company is also considered to offer the best ROI (Return on Investment) in the country.
Established in 1949 as Xavier Institute of Labor Relations, Xavier’s Jamshedpur School of Management has consistently been regarded as one of the top 5 B-schools in India. The school admits students based on the exclusively administered XAT (Xavier Aptitude Test). Many other B-schools in the country also accept XAT scores. XLRI is known for its Human Resource Management (HRM) course and General Management Program (15-month MBA preferred by GMAT) along with its leading business management (BM) course.
SP Jain Institute of Management and Research is one of the leading management institutes in the country. Located in Mumbai, the institute was established in 1981 to train more than 700 students per year in a variety of part-time and full-time management programs. This institution accepts students based on their CAT or GMAT scores.
The Indian Business School, a private business school, was the first business school in South Asia to be accredited by the Association of Advanced Colleges of Business. The university has two campuses, Hyderabad and Mohali, and approximately 850 students graduate each year. Founded in 2001, B-School was one of the first schools in the country to offer an exclusive 1-year program for experienced professionals only. It only accepts GMAT scores for its admission process. The school is one of the top colleges in the country with an increasingly modern and international management program.