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India's top b-schools based on the alumni's job profiles!
For the first time, leading education magazine Careers360 has ranked India's top 75 b-schools on the basis of the companies where their alumni are employed and the type of profiles they enjoy. Read on to know where they are now and how much they are earning.
Final placement is the culmination of a long and winding journey that every MBA-holder undertakes and the beginning of a new professional journey.
A good start goes a long way in providing sustained growth for any aspirant. Hence the craze to get into a good school, where not only placement is assured, but a great profile too.
So far, students had only the take of their peers and disjointed news items to guide them as to the kind of jobs they can aspire to by joining a particular college.
To help students plan better, we, for the first time, have attempted to look at the kind of placements that an MBA aspirant can look forward to when s/he applies to a school.
Since colleges are very cagey about providing the info we turned to the next available source -- LinkedIn.
We identified at least 200 colleges ranked by one or the other publication and attempted to see the kind of profiles its alumni present to the world.
We narrowed our search to those who passed out in 2012 so that only entry-level jobs come into our database. Nearly 73 colleges had no or a few profiles on LinkedIn.
After the first level of scanning, we identified 132 colleges for which at least 50 profiles were available.
Post scanning 15,801 profiles, we could finally gain access to 5,231 profiles. We grouped the profiles on the basis of type of firm (MNC, publicly listed and emerging) as well the type of profile (managers, deputy managers etc and executives). Each profile was categorised into one of the nine categories and analysed.
The results were amazing. Top ranking colleges had substantial managerial profiles. For eg ISB, the topper, had almost no executive profile.
We have only presented the aggregate ranking. In the coming days we will present a pen picture of each college in terms of the kind of companies where the students are employed, type of work, location, and growth possibilities.
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15. Vinod Gupta School of Management, IIT Kharagpur
In 15th place is the Vinod Gupta School of Management (VGSOM), Kharagpur.
It is interesting to note that it is named after a distinguished alumnus, Vinod Gupta.
Established in 1993, and the first b-school to be set up within the IIT campus, it caters to over 950 postgraduate students annually.
According to the alumni report compiled by Careers360, 72 per cent of its MBAs work at the deputy level, while 26 per cent hold managerial positions.
14. Faculty of Management Studies, Delhi
Up next is the University of Delhi's Faculty of Management Studies.
The FMS is one of the few institutes on this list that has a low-cost MBA programme -- the fee for a two-year MBA here is Rs 2 lakh, which is inclusive of accommodation.
The average annual salary of its graduates, according to the alumni report, is Rs 16.34 lakhs.
13. Department of Management Studies, IIT-Roorkee
The Department of Management Studies at the Indian Institute of Technology Roorkee is ranked at Number 13.
The report stated that 66 per cent of its alumni are working at the deputy level and 31 per cent of its graduates are managers.
Among its successful alumni include India's first and highest-paid professional blogger Amit Agarwal, leading philanthropist Sir Ganga Ram, and Ashok Soota, founder of Happiest Minds Technologies.
12. National Institute of Industrial Engineering, Mumbai
With 69 per cent of its graduates serving at deputy level positions at various organisations, the National Institute of Industrial Engineering, Mumbai is at Number 12.
11. Management Development Institute (MDI), Gurgaon
Launched in 1973, the Management Development Institute, Gurgaon comes in eleventh.
An MBA at the MDI costs Rs 12 lakh for two years. Post completion of the course, a graduate earns an average salary of Rs 11.31 lakh per annum.
Among the institute's alumni who hold key positions are Vikas Bajaj, Joint MD at Bajaj Motors and Anand Bagri, senior vice president, Axis Bank.
10. Indian Institute of Foreign Trade (IIFT)
Delhi's leading b-school, the Indian Institute of Foreign Trade makes it to the top ten.
The average cost of an MBA programme at this institute is Rs 11 lakh, which including lodging expenses of Rs 90,000.
According to the alumni report, graduates from this institute earn an average annual salary of Rs 12 lakh.
9. Indian Institute of Management, Kozhikode
The Indian Institute of Management, Kozhikode claims ninth spot.
Its top recruiters include Deloitte, ICICI Bank, Cognizant Technologies, Deutsche Bank, Citibank, JPMC and HCL.
VP of Citibank Bhaskar Prasad, head PMO of HSBC Girish Kathaplia, and VP of Walmart Munir Suri have all graduated from this institute.
8. SP Jain Institute of Management and Research, Mumbai
In eighth place is the SP Jain Institute of Management and Research, Mumbai.
Sixty two per cent of its MBAs are working at deputy level positions, 32 per cent serve as managers and six per cent as executives.
7. Shailesh J Mehta School of Management, Mumbai
The Shailesh J Mehta School of Management from IIT-Bombay finds itself in seventh place.
The institute charges about Rs 9 lakh for a two-year MBA programme, which covers hostel accommodation.
A majority of its graduates hold deputy level (58 per cent) and managerial (40 per cent) positions, according to the report.
The average domestic salary of its graduates after completion of the course is Rs 13.72 lakhs per annum.
6. Indian Institute of Management, Lucknow
In sixth place, we have IIM Lucknow.
While the average fee for a two-year management programme at the institute is Rs 12.02 lakhs, MBAs graduating from this institute earn an annual salary of Rs 12.97 per annum.
5. Indian Institute of Management, Ahmedabad
Rounding off the top five is the Indian Institute of Management, Ahmedabad.
While 50 per cent of its graduates work at managerial positions, the rest are employed at the deputy (40 per cent) and executive (10 per cent) levels.
The average fee for a two-year residential programme at IIM-A is Rs 13.3 lakhs.
According to the alumni report, graduates from this institute earn an average salary of Rs 16.43 lakhs per annum post completion of the programme.
4. Indian Institute of Management, Bangalore
IIM Bangalore makes it to fourth position.
The average fee for a two-year MBA programme costs about Rs 15 lakh and the approximate annual salary of its graduates is pegged at Rs 15.13 lakhs.
Notable MBAs from this institute include K Radhakrishnan, chairman of ISRO and leading authors Ravi Subramanian and Karan Bajaj. IFS officer and diplomat Ravi Neelakantan also graduated from IIMB.
3. Xavier Labour Relations Institute, Jamshedpur
In third place is the Xavier Labour Relations Institute (XLRI), Jamshedpur.
While the average fee for an MBA programme at the XLRI is about Rs 13 lakh (inclusive of lodging expenses), the average alumni salary is reported to be Rs 14 lakh per annum.
2. Indian Institute of Management, Calcutta
With 49 per cent of its graduates working as managers and deputy managers (45 per cent), the Indian Institute of Management, Calcutta emerges the runner-up.
Its list of successful alumni features Indra Nooyi, chairman and CEO of PepsiCo and Ajit Balakrishnan, founder of Rediff.com, among others. Leading scholars Ramchandra Guha and Krishna Palepu and bestelling author Amish Tripathi also graduated from here.
1. Indian School of Business, Hyderabad
Eighty four per cent of graduates who studied at the Indian School of Business are working as managers today.
That makes it the top-ranked business school in the country.
While the average fee for an MBA programme at ISB works out to Rs 22 lakh, exclusive of lodging expenses, the average annual salary an ISB graduate earns at the end of the programme is Rs 18.83 lakh per annum.
Top b-schools ranked between 16 and 25
The top b-schools ranked between 26 and 50
The top b-schools ranked between 51 and 75
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