CAT aspirants to secure admission in Indian Institutes of Management and other leading B-schools have shot up to a seven-year high, with about 2,31,000 applications received for CAT 2017 and 2,32,434 in 2016, against 2,18,664 registrations for the test in 2015.
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Thousands of B-Schools accept the examination's score to offer MBA but what matters is how many offer a meaningful and impactful education that can land one a job in top corporate.
To make the right decision, candidates must factor the Infrastructure, Quality of Faculty and Placements offered by the institute into their decision. Infrastructure helps a potential MBA student decide how certain facilities such as library and computer lab are being used; the more they are, the better and more vibrant the learning environment is considered to be.
Other than that, there are different type of faculty: core, adjunct and visiting. This detail helps you assess the potential learning experience and exact student-teacher ratio at the campus and the higher the strength of permanent faculty, the better is the learning experience.
Placement is another most important parameter while selecting a management institute. The aspirants must check the placement records of the institute, the company's profiles, sectors of recruitments and average salaries offered. Besides the number, the quality of placements matter equally, such as nature, reputation and the variety of companies that come to campus.
Official Notification of CAT 2018 is yet to be announced, so it is better you get prepared with the welter of information. We bring you 10 top ranking B-Schools with best placement records. This will provide a credible yardstick that aspirants can use to decide which B-school to apply to.
1. Faculty of Management Studies, University of Delhi, Delhi
The institute is considered to be the Best Return on Investment B-school. It has the lowest course fees, at INR 10,480 per annum while the highest package offered goes up to INR 98 Lacs! The average package offered to students opting for campus placements is INR 20.6 Lacs per annum and the institute has maintained a 100% placement record.
2. Indian Institute of Management, Ahmedabad
IIM Ahmedabad has recorded the highest placements in 2017. It has also maintained its reputation as the most premier management institute of the country, offering 100% placements. The institute have always had an extremely rich mix of firms from diverse sectors. For 2017, the institute witnessed a hike of 10.4% in the maximum salary being offered to its students, which is an increase of INR 5 Lacs per annum! The highest domestic salary offered stood at INR 53 Lacs, while the average salary rose by INR 44,000. The placement reports of top B-schools, especially IIMs, indicate how MBA as a career option is advancing,
3. Indian Institute of Management, Bangalore
IIM Bangalore saw enhanced hiring by leading strategy consulting firms for 2017. The average domestic salary rose up to INR 21 Lacs while average overseas salary increased to INR 52.13 Lacs. As the premier management institute of the country, IIM Bangalore has maintained a record of 100% placements, with highest offers by leading recruiters including Boston Consulting, Goldman Sachs and Accenture.
4. Indian Institute of Management, Calcutta
The highest domestic salary offered to the student in 2017 was INR 20 Lacs per annum while the highest international package stood at INR 86.9 Lacs. The maximum offers were made from finance and consulting sector. The institute has maintained its reputation as one of India's leading management institutes for over 50 years now and the list of its alumni are quite clearly unmatched, including CEO of Nooyi, Vikrant Bhargava and Malli.
5. SP Jain Institute of Management and Research, Mumbai
The institute has been consistently placed among the top-ranked B-schools of India and has been evolving by offering industry-driven programs, training the future managers for upcoming challenges. It has a wide network of alumni and a vibrant corporate interface. The institute has a unique admission process- an international method of profile listing, followed by shortlisting of candidates based on their scores in CAT/GMAT. The average salary offered to its students in campus placement goes up to INR 20.9 Lacs per annum.
6. Management Development Institute (MDI) Gurgaon
MDI was established as an institute for training and research and managed to secure a place among the premier B-schools of the country. It is also the first Indian management institute to get international accreditation and has distinguished faculty houses. The average salary offered to the students participating in the campus placement drive exceeds up to INR 18.89 Lacs per annum.
7. Indian Institute of Foreign Trade (IIFT), New Delhi
It is the best institute to specialize in Foreign Trade in India. With strong industry ties and most of its alumni performing outstandingly well, it has become a think-tank for the government and industry. Candidates aspiring for a career in Trade, Policy and Commerce must aim for this institute. The average salary offered to the students here is INR 18.41 Lacs per annum.
8. National Institute of Industrial Engineering (NITIE), Mumbai
NITIE is a training institute to promote the industrial sector and apt for those looking for a career in Industrial and Manufacturing Management. Spread over a 67 acre campus, NITIE has a lake, the tallest B-school hostel and several research centers such as NITIE Centre for Communication Studies, Centre for Supply Chain Management and Centre for SME. Average salary offered to students participating in campus placements exceeds up to INR 15.82 Lacs.
9. International Management Institute (IMI), New Delhi
This is the only institute in the country with a corporate sponsorship and one of the seven institutes to get the prestigious AMBA accreditation. The institute focuses on corporate management and industry. The average package offered to the students exceeds up to INR 12.54 Lacs per annum, making it one of the top picks.