Scored well in the Common Admission Test? Dreaming to study in a Ivy-league B-school? But couldn’t make it to the IIMs! This is the story most heard in the month of June and July, when most B-schools in India release their admission lists. The fact is, a good score in the common admission test won’t guarantee you a seat in the IIMs. Indian Institutes of Management (IIM) or for that matter almost all top B-schools in India, be it public or private, focus quite a bit on prior work experience and relevant academic performance.
As a matter of fact, IIM Ahmedabad and IIM Bangalore are notorious for being the hardest business schools to crack. In a survey conducted by the Times Higher Education in 2014, it was disclosed that IIM Ahmedabad and IIM Bangalore admitted only 0.35 per cent of applicants for the class of 2013-2015, a figure which is the lowest amongst the top 100 business schools. However, the survey also validated the position of the Indian MBA graduates, who have consistently outscored and outperformed their peers.
People often wonder, what it is that even after scoring above 98 percentile in the annual common admission test, keeps students from getting admission in IIMs. The reason, however, is simple – huge inconsistency between the demand and availability graph. Or to put it in simple words – too much competition, too many candidates. Candidates apart from possessing terrific academic skills also need professional skills as well as consistent academic records and no to forget a fair bit of luck too. With more than 3 lakh candidates vying for the best business schools in the country, it can be very difficult to make into the top IIMs.
So the answer to the initial question is easy: You didn’t go wrong anywhere, and it is time you look beyond IIMs and look for other top MBA colleges:
Established in 1973, MDI Gurgaon is one of the top B-schools in India. Courses offered are Post Graduate Programme in Management, Human Resources, International Management, Post Graduate Diploma in Public Policy and Management. A great option for pursuing MBA from a self-constituted private business institute. Also, MDI Gurgaon is accredited by SAQS and AMBA London.
- Tuition Fee: 14.9 Lacs ( Total for PGPM)
- Total Intake of Students- 505
- Minimum Score for qualifying: >95 %ile(CAT), 680(GMAT)
- WEBSITE: mdi.ac.in
Xavier Institute of Management Delhi
Established in 1987, XIM-D is one of the leading business schools of the country. The college truly provides global business education through their various programmes.
- Tuition Fee: 3, 89,000 Per Annum
- Total Intake of Students: 397
- Minimum Score for qualifying: 94(CAT)
- WEBSITE: w3.ximb.ac.in/
Indian School of Business Hyderabad
Established in 2001, ISB, Hyderabad is another prominent Indian B-school. As per the rankings released by the Financial Times in 2015, ISB ranked at the 36th position in the world. It offers courses such as The Post-Graduate Programme in Management (PGP), Post-Graduate Programme in Management for senior executives (PGPMX) and Management Programme for Family Business (MBA).
- Tuition Fee: Rs. 23, 89,000
- Total Intake of Students: 420
- Minimum Score for qualifying: 690 (GMAT)
- WEBSITE: www.isb.edu
Institute of Management Technology (IMT) – Ghaziabad
Established in 1980, IMT Ghaziabad, is another premier institute that figures among the top ten business schools in India. It offers a two year full MBA programme as well as post graduate diploma programmes in Finance, Marketing, Executive and doctoral programmes.
- Tuition Fee: Rs.7, 85, 000 Per Annum
- Total Intake of Students: 540
- Minimum Score for qualifying: 8 (CAT), 96(XAT)
- WEBSITE: imt.edu
Symbiosis Institute of Business Management (SIBM)
Established in the year 1971, Symbiosis is anticipated as a well-known premier institute for MBA.
- Tuition Fee: 3,90,000
- Total Intake of Students: 209
- Minimum Score for qualifying: 120/180 (conducts its own test)
- WEBSITE: sibm.edu/