Sounak Banerjee Associate Content Manager
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MBA course fee varies from INR 5,00,000 - INR 40,00,000, hence one has to keep in mind certain parameters while selecting a college with highest ROI. Before you take admission to any college and take an education loan, you must find out the best MBA courses with the highest ROI and the colleges that offer these courses
MBA is the most popular, most costly and highest opted course in India. The course fees for MBA specializations vary between INR 10,00,000 - INR 25,00,000.
The top MBA colleges in India that provide MBA Courses with the Highest ROI are IIM Ahmedabad, XLRI Xavier School of Management, MDI Gurgaon – Management Development Institute, IIT Kharagpur and many more.
The course fees for the MBA courses with the highest ROI vary from INR 5,00,000 - 25,00,000.
The highest ROI from various MBA courses varies from 80% - 100% or even more. The placement can either be provided by the institute itself or the students can get themselves placed through off-campus placement.
Parameters While Selecting a College
India offers a wide range of MBA specializations. Since there are so many MBA specializations to choose from, students are often perplexed about which one to pursue. The following are some of the considerations that have proven to be useful in deciding on an MBA specialization.
MBA Specialisation Scopes
Students should choose specializations that provide a diverse range of opportunities so that they can pursue a variety of careers after completing their MBA. Some of the MBA courses with the Highest ROI are MBA in Finance, MBA in Marketing, MBA in Business Management and MBA in Hospitality Management.
Program Length
The difference between an MBA vs PGDM is frequently misunderstood by students. Most of the time, this causes them to put their time in jeopardy. They should gain a better understanding of the differences between an MBA and a PGDM. The ROI largely depends on the amount of time devoted to completing the course.
Reputed Institute for MBA Specialization
It is often a good idea to choose institutes or colleges that are well-known for the MBA specialization. MBA from IIMs or MBA from IITs is well known for its MBA program. Some other private colleges like Symbiosis and Narsee Monjee are also renowned for their MBA courses and MBA placement.
Return on investment for MBA specialization
Students must receive at least twice the amount invested in the program. As a result, one should pursue an MBA specialization that will provide a high return on investment.
What is ROI?
If you've been looking for the best business schools in India, you've probably come across the word ROI (ROI). The term "return on investment" refers to the difference between the amount you receive after completing a course and the amount you spend on it. Take note of the following:
- A college with a low course fee but a high salary package would have a high return on investment (ROI).
- The ROI of a college with a high course fee but the same compensation package as the previous college would be lower.
Since an MBA is a costly course, many students look for MBA scholarships in India and apply for education loans in India to cover the expense of their education. It is particularly important for such a student to choose an MBA college with a high Return on Investment (ROI) to ensure that he or she can pay off their student loans on time and get the most out of their degree.
See Also: What is ROI of an MBA?
List of MBA Colleges Offering the Best ROI
| Top MBA Colleges in India | Average Salary | Fees | RoI Score(in %) |
|---|---|---|---|
| IIM Ahmedabad | INR 25,83,126 | INR 23,00,000 | 12.31 |
| XLRI Xavier School of Management | INR 24,30,000 | INR 20,00,000 | 21.50 |
| SPJIMR Mumbai | INR 22,00,000 | INR 17,50,000 | 25.71 |
| IIM Indore | INR 20,79,000 | INR 16,00,000 | 29.94 |
| IIM Lucknow | INR 24,25,000 | INR 14,16,000 | 71.26 |
| FMS Delhi | INR 23,20,000 | INR 1,92,000 | 1108.33 |
| IIFT Delhi | INR 18,00,000 | INR 17,25,000 | 4.35 |
| IIM Kozhikode | INR 20,67,000 | INR 19,00,000 | 8.79 |
| MDI Gurgaon – Management development Institute | INR 19,17,000 | INR 16,00,000 | 19.81 |
| IIT Kharagpur | INR 16,11,000 | INR 9,00,000 | 79 |
| DMS IIT Delhi | INR 18,47,000 | INR 9,60,000 | 92.40 |
| SIBM Pune | INR 20,14,000 | INR 18,80,000 | 7.13 |
| Vellore Institute of Technology | INR 7,25,000 | INR 6,97,000 | 4.02 |
| JBIMS – Jamnalal Bajaj Institute of Management studies | INR 17,42,000 | INR 3,00,000 | 480 |
MBA Courses with Highest ROI
Here we will be presenting the top 10 colleges for the top 5 MBA Courses with the Highest ROI. The tabular representation below will help you to choose the best MBA courses with the highest ROI.
MBA in Finance ROI
MBA in Finance is the highest pursued course, hence this course is available in most renowned institutes. MBA in Finance can also be pursued in Online mode or in distance learning mode.
| College Name | Fees (INR) | Salary (INR) | ROI (in%) |
|---|---|---|---|
| Vinod Gupta School of Management | 5,21,900 | 18,00,000 | 244.89 |
| Symbiosis Institute of Business Management | 9,60,000 | 20,00,000 | 108.33 |
| ICFAI Foundation for Higher Education | 7,02,000 | 8,00,000 | 13.96 |
| ICFAI Business School | 7,10,000 | 13,00,000 | 83.30 |
| PSG College of Technology | 73,910 | 6,00,000 | 711 |
| Institute of Management, Nirma University | 5,02,000 | 9,00,000 | 79.28 |
| Alliance University | 13,50,000 | 22,00,000 | 62 |
| Loyola Institute of Business Administration | 13,26,000 | 14,00,000 | 5.58 |
| Globsyn Business School | 7,95,000 | 16,00,000 | 101.26 |
| IFMR Graduate School of Business | 13,05,000 | 12,00,000 | 14.28 |
MBA in Marketing ROI
MBA in Marketing is the second highest opted course among freshers and professionals. MBA in Marketing admission has already been started. Have a look at the table to find out the course fee and salary for jobs through MBA placement.
| College/University Name | Average Fee Charged | Salary | ROI (in%) |
|---|---|---|---|
| Department of Management Studies, Indian Institute of Technology | INR 8,19,000 | INR 19,00,000 | 57 |
| Indian Institute of Management | INR 4,35,000 | INR 34,00,000 | 87 |
| Symbiosis Institute of Business Management | INR 19,00,000 | INR 28,00,000 | 47.37 |
| ICFAI Foundation for Higher Education | INR 14,04,000 | INR 30,00,000 | 53 |
| Department of Management Studies, Indian Institute of Technology | INR 3,41,000 | INR 19,00,000 | 82 |
| University School of Management Studies, GGSIPU | INR 1,34,000 | INR 6,00,000 | 78 |
| BITS, Mesra | INR 5,54,000 | INR 49,00,000 | 89 |
| NIMS University | INR 1,20,000 | INR 3,00,000 | 60 |
| Chandigarh University | INR 3,60,000 | INR 35,00,000 | 90 |
| Ramaiah Institute of Technology | INR 1,08,000 | INR 7,60,000 | 86 |
MBA in Business Management ROI
MBA in Business Management is widely available in most renowned colleges. There are numerous colleges for MBA in Business Management but we have represented here the top 10 colleges.
| College name | Average fees | Average Salary | ROI (in%) |
|---|---|---|---|
| Xavier Institute of management | INR 10,80,000 | INR 14,30,000 | 32.41 |
| University Of Hyderabad | INR 83,580 | INR 3,50,000 | 76 |
| Lovely Professional University | INR 2,50,000 | INR 5,75,000 | 130 |
| NIMS University | INR 60,000 | INR 4,79,000 | 698 |
| JSS Academy of higher education and research | INR 1,79,000 | INR 5,50,000 | 207 |
| Prestige Institute of Management and Research | INR 1,20,000 | INR 4,50,000 | 275 |
| Chandigarh University | INR 1,80,000 | INR 5,96,000 | 231 |
| Guru kashi University | INR 1,00,580 | INR 4,65,000 | 360 |
| Amity Global Business School | INR 3,90,000 | INR 5,80,000 | 48.72 |
| Nalsar University of law | INR 3,43,000 | INR 4,66,000 | 35.86 |
MBA in Hospital Management ROI
MBA in Hospital Management Admission has already been set off in all the colleges, you can check the syllabus of the MBA in Hospital management. MBA in hospital management is offered by all private organizations.
| Name of Institute | Average Fees | Average Salary | ROI(in %) |
|---|---|---|---|
| Gitam Institute Of Management - [Gim] | INR 1,80,000 | INR 5,00,000 | 177.78 |
| Teerthanker Mahaveer Institute Of Management And Technology - [Tmimt] | INR 1,38,600 | INR 5,00,000 | 260 |
| Rathinam Institute Of Management - [Rim] | INR 5,20,000 | INR 9,00,000 | 73 |
| Royal Global University - [Rgu] | INR 2,47,000 | INR 4,00,000 | 61.94 |
| Measi Institute Of Management Royapettah | INR 1,20,000 | INR 4,00,000 | 233 |
| Isme School Of Management & Entrepreneurship | INR 3,90,000 | INR 7,00,000 | 79 |
| Maharishi Markandeshwar - [Mmu] | INR 1,28,000 | INR 5,00,000 | 290 |
| Lovely Professional University - [Lpu] | INR 3,04,000 | INR 12,00,000 | 290 |
| Symbiosis Institute Of Health Sciences | INR 4,44,000 | INR 10,00,000 | 125 |
| IIHMR University | INR 9,60,000 | INR 9,00,000 | -6.25 |
| Amity Global Business School - [Agbs] | INR 3,90,000 | INR 10,00,000 | 156 |
MBA in Tourism Management ROI
| College Name | Average Fees | Salary | ROI(in %) |
|---|---|---|---|
| Singhania University, Jhunjhunu | INR 4,20,000 | INR 6,50,000 | 54 |
| Pondicherry University | INR 7,40,718 | INR 8,30,000 | 12.05 |
| Adarsh Institute of Management and Information Technology | INR 5,00,000 | INR 6,70,000 | 34 |
| Institute of Business Management and Research | INR 1,15,000 | INR 3,90,000 | 239 |
| Integral University | INR 1,25,000 | INR 7,45,000 | 496 |
| Shoolini University | INR 2,32,000 | INR 5,25,000 | 126 |
| CMR University | INR 4,50,000 | INR 6,20,000 | 37.78 |
| Oriental University | INR 50,000 | INR 3,00,000 | 500 |
| Parul University | INR 90,000 | INR 5,25,000 | 83 |
| Jharkhand Rai University | INR 1,00,000 | INR 1,80,000 | 80 |
How to Calculate MBA Courses with Highest ROI?
While investing money in a course like MBA, students do give thought to the long-term return from the course. If you want to calculate the highest ROI for MBA courses, then you can not just consider the numbers. You will also have to consider the huge networking it is going to provide you post-completion of the course.
Calculate the Average Salary-to-Debt Ratio
An MBA can be expensive, but the cost is offset by higher starting salaries for MBA graduates. The average salary-to-debt ratio is commonly used by experts to calculate and compare the ROI of an MBA program to that of others. The salary figure is typically based on starting salaries, whereas the debt figure is the total debt you would expect to incur in order to obtain the degree. This method is most commonly used by experts and media to bring out the exact quote.
Consider Potential Signing Bonuses While Calculating
In addition to starting salary, MBA graduates should think about potential signing bonuses, which can help offset student loan payments.
Take Into Account Long-Term Salary Projections
Long-term salary projections are taken into account and raises and other income boosts that an MBA graduate may receive over time. The salary-to-debt ratio can then be calculated using that projection rather than a starting salary. The time period can vary, but a typical length of time to calculate is about ten years. Experts can then compare their projected 10-year salary to a 10-year salary without an MBA for an additional perspective.
Compare MBA Program to Other Professional Programs
Aside from the degree itself, as well as the education and implications it provides, the MBA experience can be compared to that of other professional degrees. A typical full-time MBA program lasts one to two years of study. Medicine or law degrees, on the other hand, take longer to complete—and it will take you longer to start working at your new higher pay rate.
Value of Education
Any MBA degree will clearly benefit your skill sets and knowledge of advanced business concepts, as you will become a more knowledgeable and capable manager or a business owner. However, it also benefits any future employer because MBA programs tend to produce more productive and higher-quality employees.
Consider the Benefits of Entrepreneurship
The sense of independence that comes with owning your own business cannot be overstated, but it is also difficult to quantify financially. Some people prefer to have complete control over their business, whereas others may prefer smaller managerial roles with another company to actual business ownership. This is a matter of personal preference, and entrepreneurship is not for everyone. However, for those for whom entrepreneurship does work, the freedom alone may be worth the cost of the degree.
FAQs
Ques: What is the best MBA programme?
Ans: Students in the field of business management will benefit from any of the MBA courses or specialisations. The best MBA programme, on the other hand, is entirely dependent on the candidates and their areas of interest. MBA in Sales & Marketing, MBA in Operations, MBA in HR, MBA in Finance, and MBA in Information Technology are some of the best MBA programmes in India.
Ques: What are the best MBA colleges in India?
Ans: The IIMs A, B, and C are among India's best MBA schools. MDI, FMS, SPJIMR, IMT, JBIMS, NMIMS, IBS, GIM, GLIM, and others are among the others.
Ques: What are the MBA eligibility requirements?
Ans: Graduation is a prerequisite for MBA entry. However, several colleges set minimum graduation marks (50 percent for general candidates and 45 percent for SC/ST candidates).
Ques: How do I apply for an MBA programme?
Ans: An entrance test, a group discussion, and a personal interview are all part of the MBA admissions process. Many colleges only accept students based on their graduation grades. To be admitted to an MBA programme, an applicant must complete an application form and go through the admissions process.
Ques: Is it necessary for me to take an MBA entrance exam?
Ans: The majority of India's Tier-1 and Tier-2 MBA programmes approve applicants based on their MBA entrance exam results. So, if you want to pursue an MBA from a reputable MBA college, you'll need to take an entrance exam.
Ques: What is the duration of the MBA programme?
Ans: The MBA programme lasts two years and is split into four semesters. In the first year, this course requires a summer internship.
Ques: I have a bachelor's degree in arts. Which MBA course is the best choice for me?
Ans: HR, Sales & Marketing, Tourism & Hospitality, Entrepreneurship, and General MBA are the best MBA specialisations for Bachelors in Arts degree holders.
Ques: Can I pursue an MBA programme through a correspondence course?
Ans: Yes, several universities, such as IGNOU, Annamalai University, and Osmania University, offer correspondence MBA programmes (distance education mode).
Ques: Will I be able to find a good job after completing my MBA programme?
Ans: Yes, most MBA colleges provide job placement to their graduates at the end of the programme. Check if the college you've shortlisted for admission has a placement cell to ensure you get a job. Check out its placement reports to see which businesses engage in on-campus recruiting.
Ques: What is the difference between an MBA and a Postgraduate Diploma in Management?
Ans: The student receives a degree after completing the MBA programme, while the student receives a diploma after completing the PGDM programme.
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