In India, we have 20 IIMs out of which the top 6 falls under a prestigious group called BLACKI. While most CAT aspirants want to get into IIMs, it is logically not possible as seats are limited. In most cases, the best of percentile holders fail to get a seat in one of the top 6 IIMs.
If you happen to find yourself at such a crossroad, there is no need to worry. India has some of the best business schools in the world, and if you have failed to secure a seat at one of the IIMs, you can surely get a place in other premier institutes.
Mentioned below are some of the most renowned and prestigious business schools in India, which are always on the hunt for bright and ambitious students like you.
- Faculty of Management Studies, Delhi
To be honest, FMS stands out all the criteria when compared to any IIM. Whether we talk about facilities or faculty, it holds a fair advantage. Over that, the fee structure is very affordable for any student which is only 50000 per year. The seats are limited to 200, so you better hurry up.
- Xavier Labour Research Institute, Jamshedpur
Among the oldest in the list, also known as XLRI is one of the top 5 B-Schools in India. Entrance exams are conducted by the institution themselves and in most cases is considered tougher than CAT. It is an expensive choice as the fees are around 17 Lakh but in all respects, the institute justifies the hefty price tag.
- SP Jain Institute of Management & Research, Mumbai
SPJIMR, Mumbai is one of the finest management institutes in India. The college accepts CAT, XAT and GMAT scores for admission and students regard that the eligibility criteria at SPJIMR are equivalent to that of IIMs.
JIMS, established in the year 1993 is one of India’s most premier institutes for management studies. It is recognized by NBA, AIU, and NAAC and also by SAQS (South Asian Quality Standards) and is well known for its quality education and facilities. The fees is very affordable (approx. 8 Lakh) and the institute surely justifies the price tag.
- Management Development Institute, Gurgaon
MDI’s strength lies in its massive industrial partnerships. With a 100% placement record year on year, most MDI graduates are offered a fatter paycheck than the best IIMs. To secure a seat in MDI, you need to meet their eligibility criteria as well as have a good bank balance considering the fees is around
24 Lakhs. The average CTC for MDI graduates is well over 19 lakhs and thus, the institute surely justifies its hefty price tag.
Shabnam Kumari
Research Scholar, Jagan Institute of Management Studies
