Top MBA Colleges in Chennai, Average Package, Cut off, Fees

MBA Colleges in Chennai: A bustling city noted for its cultural legacy and economic prominence, has developed as a major centre for higher education in India. Among the many educational choices available, MBA programmes stand out due to the city's strong business environment and academic infrastructure. This article digs into the top MBA colleges in Chennai, looking at average packages, fees, courses, cutoffs, and which entrance exams they accept.

Top MBA colleges in Chennai

The list below talks about the top MBA colleges in Chennai.

1. Indian Institute of Technology Madras (IIT Madras)

IIT Madras, known for its engineering and technology expertise, also includes the Department of Management Studies (DoMS), which offers world-class MBA programmes. DoMS IIT Madras is well-known for its rigorous curriculum and research-oriented approach, which provide students with cutting-edge management and leadership abilities. The institute's highly sought-after MBA programme blends core management principles with advanced electives to provide a holistic education.

There are 2 MBA programmes offered at IIT Madras - these are:

1. MBA in General Management
2. Executive MBA

The Fees for IIT Madras is much lower than an average MBA program which is approximately INR 9 lakhs for the entire program. The average package stood at 16.93 lakhs per annum. The CAT percentile is decent for IIT - M, it usually hovers around the 90%ile mark but can go lower in certain cases.

2. Great Lakes Institute of Management, Chennai

Great Lakes Institute of Management, founded in 2004, is a leading business school in Chennai, known for its innovative teaching and strong industry connections. The institute provides the flagship PGPM and PGDM programmes, which emphasise leadership, analytics, and technology integration. Great Lakes University provides a comprehensive learning experience through its diverse and skilled professors. The college maintains a stringent selection criteria to assure high-quality admissions.

In a sense, GLIM can be considered better than IIT Madras for an MBA considering the placements.

It offers two MBA programmes:

• PGPM (Post Graduate Program in Management)
• PGDM (Post Graduate Diploma in Management)
• Executive Programs

The fees for Great Lakes Institute of Management is slight different depending on the program. In case of the PGPM, it stands at INR 21.8 lakhs. While for the PGDM, it is currently at INR 20.80 lakhs
The Average package for GLIM increased to INR 15.1 lakhs per annum while the highest package reached the 37 LPA mark.

Cutoffs for Great Lakes Institute of Management:
CAT percentile: 85 and above
XAT percentile: 90 and above
Entrance Exams Accepted
CAT, XAT, GMAT, CMAT

Also Read, Best MBA Specializations In India

3. Loyola Institute of Business Administration (LIBA)

Loyola Institute of Business Administration (LIBA), which is linked with Loyola College, is well-known for providing value-based management education. LIBA, founded in 1979, provides a variety of programmes, including its flagship PGDM, which emphasises ethical business practices and social responsibility. The institute creates a nurturing environment with its strong alumni network and industrial connections.

There are two main MBA programmes offered at LIBA

• PGDM
• Executive Diploma Programs

Fees for the entire programme is around 17 lakhs based on the fee for 2022-2024 batch. The highest salary package awarded was of INR 20.5 lakhs per annum while the median salary package of the batch was INR 11 lakhs per annum

Cutoffs
CAT percentile: 80 and above
XAT percentile: 75 and above

4. Institute for Financial Management and Research (IFMR)

IFMR Graduate School of Business, part of Krea University, is a premier institution known for its emphasis on finance and research. IFMR emphasises analytical and decision-making abilities in its diverse MBA programme, which includes specialisations in finance, marketing, data science, human resources, operations, and strategic management. The institute's curriculum is meant to combine theoretical knowledge with practical application, and it is backed up by a faculty of experienced academicians and industry professionals.

It offers a total of 3 MBA programme options:

• MBA
• Integrated BBA + MBA
• Executive MBA

The total tuition fee for an MBA is INR 14.56 Lakhs where for the integrated course it is INR 29.56 Lakhs.

The cutoff for CAT is around 80%ile. In the case of XAT it slides down to about 75% and the college also accepts NMAT and the cutoff for the same is about 220.

5. VIT Business School (VITBS)

VIT Business School, part of the prestigious Vellore Institute of Technology, provides a dynamic MBA programme that emphasises innovation, entrepreneurship, and global business practices. The school offers specialisations in finance, marketing, human resources, operations, systems, and international business. VITBS, known for its innovative curriculum and strong industry interface, seeks to educate business leaders capable of facing global issues.

Fees for an MBA at VITBS is approximately INR 7 lakhs for the entire program
while the average package for VITBS was INR 9 lakhs per annum and the highest package was 15LPA.

The Cutoffs for VITBS are around the 70%ile mark. Your best scores among CAT / XAT / MAT / NMAT / GMAT / CMAT / ATMA are considered.