List of Top MBA/PGDM Colleges In Chennai based on 2020 Ranking

Swati Mishra Swati Mishra
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Chennai, the capital city of Tamil Nadu, has a total of 144 management colleges. Out of these colleges, 35 are public colleges and 104 are private MBA colleges in Chennai. Candidates seeking admission in management colleges in the state should refer to the various rankings, facts of the top MBA colleges in Chennai. With the help of these stats, candidates can take a better admission decision for them.

  • Some of the top MBA colleges in Chennai are IIT Madras, Great Lakes Institute of Management, Loyola Institute of Business Administration, Anna University, etc.
  • IIT Madras is the top college in Chennai and has attained a top place in rankings released by various agencies.
  • IIT Madras is one of the top MBA Colleges in India, also it is the topmost college in the Engineering category too. 

Top MBA Colleges in Chennai: Rankings

Various top organizations release a ranking of top MBA colleges in Chennai. Some of the organizations/agencies are NIRF, The Week, Business Today, India today, etc. These ranks are based on different parameters which are different for the different ranking agency. Mentioned below are few of the ranking agencies. 

Top MBA Colleges in Chennai: NIRF Ranking

National Institutional Ranking Framework is a methodology adopted by the government of India to rank top institutions of India on the basis of various parameters. It is under the HRD Ministry.

Name of the College

NIRF 2019 Ranking

NIRF 2018 Ranking

Change

Average Annual Fee

IIT Madras, Chennai (Department of Management Studies)

15

Not Participated

-

INR 4,00,000

Great Lakes Institute of Management, Chennai

18

16

-2

INR 11,00,000

Loyola Institute of Business Administration [LIBA], Chennai

36

32

-4

INR 1,52,000

Anna University, Chennai

43

28

-15

INR 41,000

SRM Institute of Science and Technology, Chennai

73

51-75

-

INR 3,10,000

  • NIRF has ranked 5 MBA colleges from Chennai in the rankings.
  • NIRF 2019 rankings have placed IIT Madras, Chennai as the top MBA College in Chennai. To be specific the Department of Management Studies (DOMS) of IIT Madras has been ranked as the top MBA College in Chennai.
  • IIT Madras has been ranked 15th in the rankings.
  • IIT Madras is followed by the Great Lakes Institute of Management which has been placed 18th in the rankings. Last year, the college was ranked 16th.
  • Other included institutes are Loyola Institute of Business Administration at 36th rank, Anna University at 43rd rank and SRM Institute of Science and Technology at 73rd rank.

NIRF bases its rankings on 5 different parameters. The following chart shows the comparison of the weightage allotted to these parameters.

NIRF Ranking Parameters and Weightage

Top MBA Colleges in Chennai: The Week Ranking

The Week is an Indian News magazine that provides ranking to top MBA colleges in India every year.  The following table shows the top MBA colleges in Chennai according to the rankings.

College Name

The Week Ranking 2019

The Week Ranking 2018

Change

Average Annual Fee

IIT Madras

20

22

+2

INR 4,00,000

Loyola Institute of Business Administration (LIBA) Chennai

32

35

+3

INR 1,52,000

SRM Chennai

75

78

+3

INR 3,10,000

Hindustan Institute of Technology and Science, Chennai

92

114

+22

INR 2,53,000

  • IIT Madras, Chennai (Department of Management Studies) has been ranked as the top MBA College in Chennai. IIT Madras has been placed in the 20th position in the 2019 ranking by the magazine. The institute has improved two places from the last year.
  • Loyola Institute of Business Administration has been ranked 32nd in the list. The institute has improved by three places from the 2018 rankings.
  • LIBA is followed by SRM Chennai and Hindustan Institute of Technology and Science.

Top MBA Colleges in Chennai: Business Today Ranking

Business Today is an Indian magazine that is published by Living Media India Limited. The magazine ranks top management colleges in the country every year.

College Name

Business Today Rank 2019

Business Today Rank 2018

Change

Average Annual Fee

Great Lakes Institute of Management, Chennai

18

15

-3

INR 11,00,000

IIT Madras

32

38

+6

INR 4,00,000

Loyola Institute of Business Administration (LIBA) Chennai

44

49

+5

INR 1,52,000

SRM Chennai

100

102

+2

INR 3,10,000

Hindustan Institute of Technology and Science, Chennai

102

95

-7

INR 2,53,000

  • The magazine has ranked 5 colleges from Chennai in its ranking.
  • Great Lakes Institute of Management which is a private college of the state has emerged as the top MBA College in Chennai as per the magazine.
  • Great Lakes Institute of Management has been ranked 18th in the list. However, the institute has seen a decrease in its ranking from the previous year.
  • It is followed by IIT Madras which has been ranked 32nd in the list.
  • Other institutes in the list are LIBA, SRM and Hindustan Institute of Technology and Science.

The following chart shows the division of ranking parameters used by Business Today according to the weightage assigned to them.

Business Today Ranking Parameters and Weightage

Source:Business Today Official Website

The following chart shows the division of ranking parameters used by Business Today according to the weightage assigned to them.

Top MBA Colleges in Chennai: India Today Ranking

India Today is the most widely spread news magazine in India. The magazine ranks top management institutes of the country. The following table can be referred to know about the best MBA colleges in Chennai.

College Name

India Today Ranking 2019

Average Annual Fee

Great Lakes Institute of Management, Chennai

15

INR 11,00,000

DOMS IIT Madras

38

INR 4,00,000

Loyola Institute of Business Administration (LIBA) Chennai

49

INR 1,52,000

Hindustan Institute of Technology and Science, Chennai

95

INR 2,53,000

SRM Chennai

102

INR 3,10,000

  • Great Lakes Institute of Management has been ranked as the top MBA college in Chennai according to India today ranking.
  • The institute has been ranked 15th on the list.
  • The institute is followed by the Department of Management Studies, IIT Madras which has been ranked 38th on the list.
  • IIT Madras is followed by Loyola Institute of Business Administration and Hindustan Institute of Technology and Science, Chennai.

Top MBA Colleges in Chennai: Return on Investment (ROI)

The term “Return on Investment” here means how much return a college provides you for the money spent on education. Here, the major parameter is the Placement package. Consider the given table to understand the return of investment of top MBA colleges in Chennai.

College Name

Average Annual Fee

Average Annual Placement

Return on Investment (ROI)

Great Lakes Institute of Management, Chennai

INR 11,00,000

INR 13,10,000

119%

DOMS IIT Madras

INR 4,00,000

INR 12,44,000

311%

Loyola Institute of Business Administration (LIBA) Chennai

INR 1,52,000

INR 9,50,000

625%

Hindustan Institute of Technology and Science, Chennai

INR 2,53,000

INR 3,50,000

138%

SRM Chennai

INR 3,10,000

INR 4,00,000

129%

ROI is calculated on the basis of the following formula-

ROI= (Average Annual Package/Average Annual Fee)* 100

  • Thus, as per the calculation, Loyola Institute of Business Administration (LIBA) is the top MBA College in Chennai in terms of ROI.
  • LIBA is followed by DOMS IIT Madras and Great Lakes Institute of Management.

Top MBA Colleges in Chennai: Admission Process

There are 144 MBA Colleges in Chennai, out of which 104 are private MBA Colleges and 35 are public MBA Colleges. These colleges give admissions mainly on the basis of top MBA entrance exams like CAT, TANCET, MAT, etc. Their ratio is shown in the chart below.

Number of Top MBA Colleges in Chennai

Candidates can know about the admission process of top MBA colleges in Chennai here-

IIT Madras, Chennai (Department of Management Studies) Admissions

DOMS IIT Madras is a public MBA college in Chennai. The college has been ranked as one of the top MBA colleges in Chennai. Candidates must have a qualified CAT Exam for admission at the institute.

  • Other than this, candidates must have completed their graduation with minimum 60% marks from a recognized university. The minimum percentage for SC/ST candidates is 55%.
  • Candidates shortlisted on the basis of CAT scores and academic details will be called for interview. Those shortlisted after the interview will be eligible for final admission.
  • It must be noted IIT Graduates with a CGPA of 8 and above on 10 are exempted from the CAT score.
  • As per the latest data, the average annual package of the DOMS IIT Madras is 12.44 lacs.
  • Some of the top recruiters are Accenture, Amazon, Cisco, Cognizant, Dell, Ford and McKinsey.

The institute offers an MBA degree in six different specializations. These are listed in the table below.

Finance

Human Resource and Organizational Behaviour

Marketing

Integrative Management

Operations

Information Systems

IIT Madras conducted its Final Placements for batch 2017-19 in December 2018 and saw more than 30 companies visiting the campus.

  • The biggest share of the roles was offered in the fields of Analytics, Marketing, Consulting, and Operations.
  • In most of the top MBA colleges in India, the highest placement is done in the field of Marketing. IIT Madras made a difference by securing the largest number of placements in Analytics and Consulting.
  • The average CTC offered was INR 12.44 lakh and the highest was INR 29.06 lakh.
  • The institute saw new recruiters this year like Fractal Analytics, Zycus, ZS Associates, etc.
  • The average work experience was 19.5 months in a batch of 65 students.
  • The students also received 2 international offers.

The following chart shows the highest packages offered domain wise.

IIT Madras MBA Placements 2019

Source: IIT Madras Official Website

Loyola Institute of Business Administration (LIBA) Chennai Admissions

Established in 1979, Loyola Institute of Business Administration (LIBA) is a premier B-school. The pre-requisite to be eligible for LIBA is to appear for CAT/XAT exam. Candidates should be a graduate from a recognized college with a minimum of 60% marks in STD X, STD XII & Graduation.

  • Candidates can apply in online mode for the institute. Candidates will be required to fill an application form with all required details along with fee payment.
  • Candidates shortlisted on the XAT/CAT scores will be called for Group Discussion and Personal Interview for final admission.
  • The average annual package of the candidates from the institute is Rs 9, 50, 000.
  • The highest package received by the students of the college is 1700000.
  • Top recruiters of the LIBA Chennai include Amazon Kindle, Bank of America Merrill Lynch, Citi Bank, Airtel, Cognizant, Deloitte, Walmart, etc.

Great Lakes Institute of Management, Chennai Admissions

The admission process of the Great Lakes Institute of Management Chennai is based on the valid scores of CAT/GMAT/XAT+/CMAT. The college has almost 120% of the increase in average CTC.

  • Other than this, candidates must have a Bachelor’s degree in any discipline from a recognized institution with at least 50% marks.
  • Candidates shortlisted on the basis of entrance exams will be called for a personal interview.
  • The final admission will be on the basis of entrance exam scores and performance in the interview.
  • The average annual package of the candidates from the institute is Rs 13, 10,000.

Top MBA Colleges in Chennai: Accepted Entrance Tests

These are top exams for admission in MBA in Chennai.

  • CAT- Common Admission Test (CAT) is an online test conducted for admission in management courses. 
  • XAT- Xavier Aptitude Test (XAT) is a computer-based national-level entrance exam conducted for admission in management courses. At present, the XAT score is being used by more than 150 institutes for the admission. (Read More XAT Exam)
  • MAT- Administered in 1988, Management Aptitude Test (MAT) is a standard test to screen candidates for admission to MBA and allied programs.
  • GMAT- The Graduate Management Admission Test is a computer adaptive test conducted for admission in MBA courses. The exam assesses certain analytical, writing, quantitative, verbal, and reading skills in written English.

Top MBA Colleges in Chennai: Accepting CAT Score are:

CAT or Common Admission Test is the most popular and most competitive exam in India for management education. Every year, more than 2 lakh students appear for CAT to get admission in some of the top MBA colleges in India. Different IIMs conduct CAT every year taking turns.

Following are the top MBA colleges in Chennai accepting CAT exam for admission-

  • Indian Institute of Technology Madras, Chennai (Department of Management Studies)
  • Great Lakes Institute of Management, Chennai
  • Loyola Institute of Business Administration (LIBA)
  • Hindustan Institute of Technology and Science, Chennai

Top MBA Colleges in Chennai: Placement Wise

MBA Placements for the 2019 batch have been completed in almost every college, for both Final Placements and Summer Placements. The top MBA colleges in Chennai hosted some of the top management recruiters from both India and Abroad.

  • The average number of recruiters in these top institutes varied between 50-100.
  • The average placement package in most of these institutes ranged between INR 3-4 lakh.

The following chart shows the CTCs offered by some of the top MBA colleges in Chennai

CTCs offered in Top MBA Colleges in Chennai

Read More,

Top MBA Colleges in Tamil Nadu

Top MBA Colleges in Karnataka

Top MBA Colleges in Kerala

Top MBA Colleges in Andhra Pradesh

Top MBA Colleges in Odisha

Top MBA Colleges in Telangana

Top MBA Colleges in Chennai: FAQs

Ques. Which is the top public MBA College in Chennai?

Ans. Indian Institute of Technology Madras, Chennai (Department of Management Studies) is the best public MBA College in Chennai as per various rankings.

Ques. Which is the top private MBA College in Chennai?

Ans. Great Lakes Institute of Management, Chennai is the best private MBA College in Chennai as per various rankings.

Ques. What is the average annual fee of DOMS IIT Madras?

Ans. The average annual fee of IIT Madras is INR 4,00,000.

Ques. What is the average annual fee of Loyola Institute of Business Administration (LIBA)?

Ans. The average annual fee of Loyola Institute of Business Administration (LIBA) is INR 1,52,000.

Ques. Which is the top MBA College in Chennai accepting CAT score?

Ans. The top MBA college in Chennai accepting CAT score is DOMS IIT Madras.

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