Shortlisting the best management college in India? Check this detailed analysis on IIFT, IIMB and MDI

Are you unable to lock on 2-3 top MBA colleges based on which you will start planning? Well, intha case we have shortlisted IIFT, IIM B, and MDI and will present their details here to plan for these premier colleges. In such cases, it is always essential to narrow down the search and shortlist at least 3 colleges from the list of some top management colleges in India where you can try your luck. The scope offered by IIM B, IIFT, and MDI is excellent. Students can easily earn between 15 to 20 Lakhs INR PA after graduating from any of these colleges. The fees of the flagship programs offered by these top management colleges in India range between 8 – 20 Lakhs INR. Here below, we will share the details like course fees, career opportunities, and others about these top management colleges in India.

Top Management Colleges in India – Admission Procedure at MDI, IIM B & IIFT

IIFT takes a computer-based test conducted by the National Testing Agency for MBA admission. Shortlisting procedures are done by group discussion and personal interview.

  1. For MBA – IB Programme, entrance exams required-
  • Domestic Candidates (in India) – IIFT Exam
  • International Candidates (outside India) – GMAT
  1. For Executive Programmes – Written Entrance Examination
  2. For Doctoral Programme – Written Entrance Examination

IIM B accepts CAT / GMAT / GRE / IIMB Test scores for admission in management courses.

On the other hand, MDI takes selection through 55% weightage on CAT score and 30% weight to PI score. These are admission criteria offered by these top management colleges in India.

History of Top Management Colleges in India – IIFT, IIMB, MDI

IIFT was established in 1963 which was conferred the status of Deemed University in 2002. IIFT Kolkata Campus was built in the year of 2006. In 2018 the third campus of IIFT was built in Kakinada of East Godavari district in Andhra Pradesh. Noticing the rising demand for top management colleges in India, after IIM Calcutta and IIM Ahmedabad, IIM Bangalore came to existence in 1973. MDI was built in 1973 by Industrial Finance Corporation of India and in Gurgaon.

Course offered by Top Management Colleges in India

Course offered by IIFT

  • Two-year MBA (International Business)
  • MBA (International Business) – Weekend classes
  • Executive Post Graduate Diploma Programmes 
  • Certificate Programme In Export-Import Management 
  • Certificate Programme In Capital & Financial Markets 
  • Certificate Programme In Global Trade Logistics And Operations 

Course at IIM B

  • Doctoral Programme (PhD) (Five-year full time)
  • Post Graduate Program in Management (Two-year full time)
  • Post Graduate Programme in Public Policy & Management (One-year full time)
  • Executive Post Graduate Program (1 year full-time)

Course offered by MDI

  • Post Graduate Programme in Management [PGPM] (2 years)
  • National Management Programme (1 year 5 months)
  • Fellow Programme in Management [FPM] (3 years)
  • Executive Post Graduate Diploma in Management [Ex-PGDM] (3 years)

Course fees at IIFT, IIM B, and MDI

The fees at these top management colleges in India are mentioned below:

Fees at IIFT Delhi

CourseFees (Approx)
MBA-IBFull-TimeGeneral/OBC (INR)SC/ST/PH (INR) International Candidate (USD)
7.60 LPA3.50 LPA27,500 
MBA-IBWeekend7.50 LPA3.75 LPA25,000
Executive ProgrammesGeneral/OBC(INR)SC/ST/PH (INR)
3.5 Lakhs1.75 Lakhs

IIM Bangalore Course Fees –

CourseFees in INR
Post Graduate Program in Management (PGPM)21,39,000
Executive PGPM21,39,000
Post Graduate Program in Enterprise Management18,60,000
Post Graduate Program in Business Analytics21,15,000
Doctor of Philosophy (Ph.D.)Stipend – 40,000 Per month
Certificate ProgramStipend – 25000 Per Month

MDI Fees – The course fee for Fellowship Programme in Management and Executive Fellowship Programme in Management is 1,30,000 INR PA. The course fee for PGPM ranges from 8,00,000 INR PA to 11,00,000 INR PA.

Scope at top Management Colleges in India – IIFT, IIM B & MDI

IIFT has an excellent track record of placements at both of its campuses. Ninety-four companies visited the campus this year to hire students. The average package offered to students of the institute is around 18.41 Lakhs INR PA which is one of the highest average packages among all top management colleges in India. A total of 20 students received international placements from among which three students will get a package of more than 1 Crore INR. Top recruiters were – Goldman Sachs, ITC, JP Morgan, Citibank, HSBC, HP, CRISIL, Shell, Dell and Cognizant Business consulting.

Scope at IIM B

Students of IIM B received the highest domestic salary of 24.54 Lakhs INR PA and an average of 23 Lakhs INR PA. Some top Consulting firms are – Accenture, The Boston Consulting Group, EY-Parthenon, Zinnov, IBM Consulting, Deutsche Bank, Barclays, Goldman Sachs, and many others. 

MDI Scope

Students of MDI got jobs with the highest domestic salary of 20.93 INR Lakhs PA. The sectors which are offered jobs are – BFSI, Consulting, FMCG/FMCD, IT, Others, Conglomerate, E-Commerce, Pharma. Top recruiters were – Deloitte USI, JP Morgan Chase & Co., KPMG, OYO Rooms, Airtel, American Express, and others.

Both these three colleges, i.e. MDI, IIFT & IIM B, are rated among the top management colleges in India. The reason for choosing MDI or IIFT is simply because there is a lot of competition for IIMs, so colleges like MDI or IIFTs can be reasonably easy to get through and the quality of education is at par with IIMs. So, if you have it in you to make it big but are confused which colleges to target, then you can focus on these 3 management colleges in India to fulfil your dream.

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