Best MBA Colleges in Chennai 2024: Ranking, Fees, Admissions, Courses, Placements

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Best MBA Colleges in Chennai 2024: Ranking, Fees, Admissions, Courses, Placements

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Commonly asked questions
On Best MBA Colleges in Chennai 2024: Ranking, Fees, Admissions, Courses, Placements

Q:   How many MBA colleges are there in Chennai?

A: 

There are about 150+ best MBA Colleges in Chennai. Among them, 124 MBA colleges are privately owned, 7 MBA colleges are owned by the public/government, and 1 college is owned by public-private organisations. TANCET MBA, MAT, CAT, and XAT are some of the most accepting entrance exams in the top MBA colleges in Chennai. IIT Madras, Great Lakes Institute of Management, and Anna University are some of the top MBA colleges in Chennai.

Q:   Which is the No. 1 MBA college in Chennai?

A: 

Hi, to determine the No. 1 MBA college in Chennai, you should go through its NIRF rankings over the past three years. Listed below are some of the top MBA colleges in Chennai along with their NIRF rankings over the past three years, i.e. from 2021 to 2023:

College Name

NIRF 2021

NIRF 2022

NIRF 2023

IIT Madras

13

10

15

IIT9 Lakes Institute of Management

24

31

31

Anna University

57

59

49

Hope this information proves beneficial for you!!

Q:   Is it worth joining MBA colleges in Chennai?

A: 

Hi, to assess the worth of joining an MBA college in Chennai, you need to go through its Return on Investment (ROI). Listed below are some of the top MBA colleges in Chennai along with their total tuition fees and average placement package:

College Name

Total Tuition Fee

Average Placement Package

IIT Madras MBA

INR 1 Lacs - INR 17 lakh

INR 16 LPA - INR 21 LPA

Great Lakes Institute of Management MBA

INR 9 Lacs - INR 11 lakh

INR 11 LPA

Saveetha Institute of Medical and Technical Services MBA

INR 7 lakh

INR 6 LPA

Loyola Institute of Business Administration MBA

INR 14 lakh

INR 11 LPA

Hindustan Institute of Technology and Science MBA

INR 3 Lacs - INR 4 lakh

INR 5 LPA

Hope this information proves beneficial for you!

Q:   What are the affordable MBA colleges in Chennai?

A: 

It is estimated that joining MBA colleges in Chennai can be affordable as most of the colleges have their total tuition fee of less than INR 1 lakh. Listed below are some of the colleges along with their total tuition fees:

Low-cost CollegesTotal Tuition Fee
University of MadrasINR 28,000 - INR 56,000
Gojan School of Business and TechnologyINR 35,000
Loyola Institute of TechnologyINR 35,000
Rajalakshmi Engineering CollegeINR 35,000
Guru Nanak CollegeINR 46,000 - INR 51,000

READ MORE: MBA Preparation Tips

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Q:   What is the eligibility criteria for admission to MBA colleges in Chennai?

A: 

The eligibility criteria to pursue a full-time MBA course in MBA colleges in Chennai are as follows:

  • The candidate must have completed graduation in any discipline or equivalent from a recognised university
  • The candidate must have a minimum aggregate percentage of 50% in graduation. For reserved category students, the minimum aggregate percentage is 45%
  • Final-year graduation candidates can also apply for MBA provided they present the proof of completion of the Graduation degree within the duration specified by the institute

Q:   What is the mode of TANCET exam?

A: 

Anna University conducts TANCET exam in an offline mode. The offline centre based exam has objective type questions to be answered on an OMR sheet. OMR or Optical Mark Recognition sheet acknowledges human-created marks on a specially printed paper. OMR sheets are commonly used in surveys, exams, etc.

Anna University evaluates the responses by all the candidates using the OMR device which scans the sheet after reflecting a light. The OMR device looks at the contrasting reflectivity of the light at certain positions on the form. Shaded areas on the form will reflect less light. Therefore, the shaded blocks are detected as the response from the test-taker.

Q:   When should I start preparing for MBA entrance exam?

A: 

In the final year of graduation, preparation for an MBA begins. The majority of management aspirants begin their preparation as soon as they begin their third year of their bachelor's degree programme because it takes months to properly prepare for MBA entrance exams. However, there are a lot of challenges in preparing for an MBA entrance exam, including the lengthy syllabus, the difficulty of the questions, and the degree of competition. 

Here are some suggestions to help you study for your MBA entrance exams:

  • Study the fundamental grammatical and writing principles for the verbal segment to become familiar with the language's structure.
  • To hone their quantitative abilities, students should complete a lot of practice exams and sample papers.
    Create a schedule and follow it
  • Students should not overstress themselves and should get enough rest.

Q:   How much should I score on the TANCET to get into the best colleges?

A: 
According to the previous year's trends, you need to score above the 90 percentile to get into top colleges. According to the seat allotment rank and scores, here is the list of colleges with their required scores: 1. PSG College of Technology: 94.95 2. University of Madras, Chennai: 95.76 3. Thiagarajar School of Management, Madurai: 95.76 4. Sri Sivasubramaniya Nadar College of Engineering: 96.87 5. University Departments of Anna University: 99.41 You can check the score required to get into your dream college at this page: https://www.shiksha.com/mba/tancet-exam-cutoff.
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Q:   What are the top distance MBA colleges in Chennai?

A: 

There are about 20+ distance MBA colleges in Chennai. Some of the colleges are mentioned below along with their total tuition fees:

Distance MBA CollegesTotal Tuition Fee
SRM Institute of Science and Technology, KattankulathurINR 9 lakh
Institute of Distance Education, University of MadrasINR 7,000 - INR 20,000
All India Institute of Management StudiesINR 4,000 - INR 10,000
Tamil Nadu Open UniversityINR 25,000
Centre for Distance Education, Anna UniversityINR 12,000

Q:   What job profiles are available to students after completing an MBA degree?

A: 

Hi, Following an MBA, the highest-paying jobs in India range in salary from INR 5 to 30 LPA. Following are some of the well-liked post-MBA career possibilities and their associated salaries:

MBA job profiles

Average salary (INR)

Finance Manager

17.3 LPA

Marketing Manager

12.5 LPA

Sales Manager

6.6 LPA

Human Resources Manager

12.1 LPA

Operations Manager

10.7 LPA

Product Manager

20.8 LPA

Data Analytics Manager

29.4 LPA

Digital Marketing Manager

11.8 LPA

NOTE: The above mentioned salaries has been taken from Ambitionbox, therefore it may vary in future.

 

Hope this information proves beneficial for you!!

Q:   What is the total tuition fee of best MBA colleges in Chennai?

A: 

Hi, Loyola Institute of Business Administration has the highest total tuition fee of INR 14 LPA, while Hindustan Institute of Technology and Science has the lowest total tuition fee ranking from INR 3 lakh - INR 4 lakh.

Refer to the table below for a detailed overview of the top MBA colleges in Chennai along with their total tuition fee:

College Name

Total Tuition Fee

IIT Madras

INR 1 lakh - INR 17 lakh

Great Lakes Institute of Management

INR 9 lakh - INR 11 lakh

Saveetha Institute of Medical and Technical Services

INR 7 lakh

Loyola Institute of Business Administration

INR 14 lakh

Hindustan Institute of Technology and Science

INR 3 lakh - INR 4 lakh

Hope this information proves beneficial for you!!

Q:   What are the top specialisations offered by top MBA colleges in Chennai?

A: 

Hi, There are many specializations offered by a number of MBA colleges in Chennai. Finance, Human Resources, Sales & Marketing, etc., are some of the top MBA specializations offered by MBA colleges in Chennai.

Listed below are some of the top specializations offered by a number of MBA colleges in Chennai:

Top SpecialisationsNumber of Colleges
Finance58
Human Resources57
Sales & Marketing54
Operations42
IT & Systems30

Hope this answer proves beneficial for you!!

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Q:   What is the placement package offered to MBA graduates of top MBA colleges in Chennai?

A: 

Hi, IIT Madras offered the highest placement package to MBA graduates of INR 16 LPA - INR 21 LPA. Prominent recruiters include Accenture, Cognizant, Dell, Deloitte, IBM, ICICI Bank, Morgan Stanley, P&G, Mahindra, etc. while Hindustan Institute of Technology and Science offered the lowest placement package of INR 5 LPA and the prominent recruiters participated include Infosys, Mahindra, Tata, Wipro, Polaris, Electrical Plants, etc.

Listed below are some of the top MBA colleges in Chennai along with their average placement package and the prominent recruiters:

College Name

Annual Placement Package

Top Recruiters

IIT Madras Placement

INR 16 LPA - INR 21 LPA

Accenture, Cognizant, Dell, Deloitte, IBM, ICICI Bank, Morgan Stanley, P&G, Mahindra, etc.

Saveetha Institute of Medical and Technical Services Placement

INR 6 LPA

BOSCH, TCS, JABIL, Accenture, Kaar Technologies, Capgemini.

Loyola Institute of Business Administration Placement

INR 11 LPA

BMW, Deloitte, KPMG, Dell, Dabur, SBI Life, TATA Motors

Great Lakes Institute of Management Placement

INR 11 LPA

Accenture, ADP, Brain, Bristlecone, Deloitte, Cognizant

Hindustan Institute of Technology and Science Placement

INR 5 LPA

Infosys, Mahindra, Tata, Wipro, Polaris, Electrical Plants

Hope this information proves beneficial for you!!

Q:   What are the top MBA colleges accepting TANCET in Chennai?

A: 

The table below shows the top MBA colleges accepting TANCET in Chennai along with their total tuition fees:

College NamesTotal Tuition Fee
Saveetha Institute of Medical and Technical ScienceINR 7 lakh
Hindustan Institute of Technology and ScienceINR 3 Lacs - INR 4 lakh
B.S. Abdur Rahman Crescent Institute of Science and TechnologyINR 5 Lacs - INR 7 lakh
University of MadrasINR 28,000 - INR 56,000
Dr. M.G.R. Educational and Research InstituteINR 1 lakh

Q:   Which are the most important topics to focus for TANCET preparation?

A: 

Hi, TANCET sections include Questions from Business situations, Comprehension Passage, Graduate level Mathematics, Determining Data Sufficiency, English Language. The important topics to focus while preparing for TANCET are same as CMAT. Here are few tips which you should consider while preparing for TANCET. 

1) Try preparing all the topics listed in the official syllabus. Leaving any topic will risk your chances of obtaining a high score. However, at the last minute, avoid picking up a new topic.

2) Candidates should choose or select the appropriate study material so that they can easily understand it and it will help them to understand the structure of the exam. Negative marking is applicable in the test.

3) Therefore, another TANCET MBA preparation tip is to avoid guesswork. Mark the answers which you are sure of else leave them unanswered. The candidates must concentrate on enhancing their vocabulary as they will have to answer different questions in this section of the exam. Read the newspaper on a daily basis, it will help you prepare for the further rounds of admission. Hope it helps.

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