S.P. Jain Institute of Management & Research, Mumbai
Top-scoring parameters: Alumni Strength, Leadership & Governance, Campus Life, Accreditation & Linkages
Differentiator: Institute is actively engaged with its alumni
S.P. Jain Institute of Management and Research (SPJIMR) is considered by many as one of the premier business schools in the country. It imparts education through a blend of Western efficiency and Eastern ethos in management studies, social sector management, and entrepreneurship through its several programs. Students here learn skills through maximum exposure to business and academics worldwide and are encouraged to influence industry practices and contribute to the larger national agenda.
The institute was inaugurated by the then British Prime Minister Margaret Thatcher. It has continuously tried to remain relevant to industry needs and realities of the changing marketplace. In January 2015, final placements at SPJIMR saw a marginal increase in average salary from Rs 17.2 lakh last year to Rs 18.2 lakh. Over 200 students were placed in companies including Amazon, TAS, Microsoft, HUL, P&G, Asian Paints, Mondelez, Colgate Palmolive, Dell, Citibank, General Electric, Flipkart, GSK and HSBC. A constituent unit of the Bharatiya Vidya Bhavan, the institute aims to influence practice and promote value-based growth.
Faculty of Management Studies, DELHI
Top-scoring parameters: Student Profile, Leadership & Governance, Placements, Alumni Strength
Differentiator: High academic standards with focus on concepts, theory and practical orientation
For more than half-a-century, the Faculty of Management Studies has been playing a crucial role in the growth of the corporate sector by being one of the early proponents of a formal degree of Master of Business Administration. The school had a very modest beginning with a three- year part-time postgraduate management program in Business Administration for senior and middle level executives in 1954.
The first set of professors was trained at the Stanford University Business School and the institute was started at the Delhi School of Economics under the leadership of Prof A. Dasgupta. FMS has collaborated with European Foundation for Management Development (EFMD) and is also the founder member of the Association of Management Development Institutions in South Asia (AMDISA). It is working towards regional cooperation in management education and development.
FMS is also one of the participating institutions in the India-EEC Exchange and Co-operation Programme for Management Professors. In 2002-03, FMS signed MoUs with University of Wisconsin and University of Trinidad.
Institute of Management Technology, Ghaziabad
Top-scoring parameters: Student Profile, Accreditation & Linkages, Faculty Profile, Leadership & Governance
Differentiator: Symbiotic collaboration with industry leads to contemporary learning modules
A preferred business management institution in the country, IMT is known for its student exchange program. The institute offers specialized collaborative programs including a unique dual-country PGDM program, providing their students an exposure to campuses in India (Ghaziabad) and in Dubai.
The institute focuses on symbiotic industry collaborations and works with some cutting-edge companies to incorporate contemporary modules in its learning delivery models. This not only helps to keep the faculty competency current, but also enables the students’ learning agenda focussed on relevant and practical issues. IMT ropes in experts from abroad not just to train the students but also the faculty, which is carefully selected from among the leading corporate houses or B-schools across the world.
This year, IMT has received “unparalleled interest and support from companies”. Almost 90 per cent of the students have been placed. At IMT, the highest domestic package was Rs 23 lakh per annum and the average was around Rs 10 lakh per annum. More than 90 companies have visited IMT so far including Microsoft, Google, Café Coffee Day and Snapdeal.
National Institute of Industrial Engineering, Mumbai
Top-scoring parameters: Leadership & Governance, Alumni Strength, Infrastructure, Academic Excellence
Differentiator: Faculty with PhDs in niche areas of specilization
The National Institute of Industrial Engineering (NITIE), Mumbai was established by the government of India with the assistance of United Nations Development Programme (UNDP) through the International Labour Organization (ILO) in order to create skilled professionals. It is funded by the government and initially had knowledge centres in Hyderabad, Chennai and Delhi. During the 1980s, these were shut down and the decision was taken to have a single centre at Mumbai. In 2013, the institute celebrated its 50th anniversary.
More than 40,000 executives have been trained by NITIE in various disciplines; they participated in the short-term development programs conducted by the institute. The fields and operating environments offered at NITIE are considered to be among the very few for these niche fields of study. It plays a major role in developing and encouraging small and medium-sized industries. The programs offered at NITIE are unique: Postgraduate Diploma in Industrial Engineering; Postgraduate Diploma in Industrial Management; Postgraduate Diploma in Industrial Safety and Environmental Management (PGDISEM); Postgraduate Diploma in Manufacturing Management(PGDMM); and Postgraduate Diploma in Project Management.
Birla Institute of Management Technology, Noida
Top-scoring parameters: Leadership & Governance, Infrastructure, Campus Life, Accreditation & Linkages
Differentiator: Innovative learning delivery model
Birla Institute of Management Technology has been in the field of business education for over two decades and was established under the aegis of the Birla Academy of Art and Culture, and supported by Birla group of companies. The location of the institute at Greater Noida proved to be a logistical nightmare for industrial experts coming into the campus. The institute not only managed to get them, but also persuaded industry to focus on the development of the Greater Noida region.
In February 2015, BIMTECH partnered with Wadhwani Foundation to establish a startup incubator called ‘Centre of Excellence for Entrepreneurship’. A series of programs will be designed and delivered by the incubator to build knowledge, provide mentoring and open up networking opportunities.
Tata Institute of Social Sciences (TISS), Mumbai
Top-scoring parameters: Alumni Strength, Infrastructure, Student Profile, Leadership & Governance
Differentiator: Foremost institution in the field of social sciences and research
A social science institute with campuses in Mumbai, Hyderabad, Guwahati and Tuljapur, it is the first school of social work in India. It was recognized as a deemed university by the UGC in 1964. Over the years, the institute has made a significant contribution to policy, planning, action strategies and human resource development. At the invitation of the government of Andhra Pradesh, TISS decided to set up a permanent campus there on a 100-acre plot.
In the period between 2009 and 2011, the institute signed three MoUs: With APARD in 2009 for 3-month certificate course in Rural Development and Decentralised Planning (RD&DP); with Osmania university in 2010 to strengthen social sciences education and strengthen collaborative research; with Azim Premji Foundation in 2011 to facilitate the promotion of initiatives of education and research in all areas of institutional activities. From 2005 onwards, the institute launched several new courses such as diploma progams in Sustainable Development in Ladakh and Andaman & Nicobar and close to 10 Masters’ degree programs.
Xavier Institute of Management, Bhubaneswar
Top-scoring parameters: Alumni Strength, Leadership & Governance, Infrastructure, Faculty Profile
Differentiator: Most technology- intensive campus in the country
The Xavier Institute of Management, Bhubaneswar (XIMB) was instituted through an agreement between the Government of Orissa and the Orissa Jesuit Society. It is the flagship business school of the newly established Xavier University Bhubaneswar (XUB). XIMB train leaders who work for organizations but also serve the society.
The institute also has a huge repository of case studies/research of Indian businesses. The Centre for Case Research (CCR) has the role of conducting case-based research within the sphere of management and social science research. The institute has adopted the “Open Access System” in its library, which allows readers to access information easily. Besides print material, XIMB provides access to electronic databases, such as EBSCO, ProQuest and ELSEVIER.
XIMB announced that placements for the PGDM batch of 2012-14 were 100 per cent and the average annual compensation stood at Rs 12.08 lakh per annum. About 54 companies visited the campus, out of which 18 were new recruiters. Consulting, marketing, finance and systems saw a major rise in the number of lucrative jobs being offered.
T.A. Pai Management Institute, Manipal
Top-scoring parameters: Alumni Strength, Leadership & Governance, Infrastructure, Accreditation & Linkages
Differentiator: Second B-school in India to get global accreditation AACSB
A private autonomous business school in India, it was the second B-school to get global accreditation to the Association to Advance Collegiate Schools of Business (AACSB) after Indian School of Business. TAPMI has a teacher-student ratio of 1:18. In March 2014, the institute joined hands with the University of Dubai to offer Indian students a value-added 18-month MBA and assured career placement in Dubai after graduation.
With the Indian economy poised to grow, TAPMI has instituted Postgraduate Diploma Courses in Banking and Financial Services, International Business and Healthcare Management in June 2010. TAPMI conducts student and faculty exchanges with Sheffield Hallam University, UK and with the Asian
Institute of Management, Manila.
The whole 2013-15 batch of 391 students has been placed in various companies. More than 100 companies made their way to the campus. Microsoft gave the highest domestic offer of Rs 14.55 lakh and 18 students have received offer letters. Two students were hired by an Abu Dhabi-based company and were given an annual package of Rs 15 lakh each.
Symbiosis Institute of Business Management, Pune
Top-scoring parameters: Student Profile, Leadership & Governance, Infrastructure, Campus Life
Differentiator: Experiential learning and connect with alumni
One of the premier business management institutes in the country, SIBM is located in Pune and students from across the country flock to the school. It has tie-ups with HUL — which conducts a series of workshops on FMCGs — and also an affiliation with State University of Michigan. The three most unique initiatives that create a differentiation are experiential learning, joy of giving and alumni connect. Under experiential learning, students share their experiences at SIBM with aspiring students across 22 cities.
In the ‘Joy of Giving’, there is an effort to help blind/mentally disabled children financially. ‘Alumni connect’ strengthens business awareness amongst students through regular interactions and special projects with alumni. It is also the strong alumni of SIBM who bring it to news highlights every now and then. In July 2014, SIBM launched a two-year MBA course in Innovation and Intrapreneurship. SIBM also introduced innovation as a subject in other disciplines and set up an incubation centre called SIBM Innovation and Venture Incubation Centre.
Symbiosis Centre for Management & HR Development, Pune
Top-scoring parameters: Leadership Governance, Alumni Strength, Student Profile, Infrastructure
Differentiator: Contemporary approach to studies and social sensitization
Though the name suggests that the institute offers courses only in management and HR, students are more attracted to the finance and marketing courses here. Being a considerably young institute compared to other B-schools, SCMHRD has managed to create a brand of its own and has still become one of the most sought-after business management institutes.
The teaching method is participatory and involves group tasks, outdoor sessions, case studies, interactive lectures and projects. The SAP laboratory and Oracle Centre are examples of the institute’s tie-up with the industry players. Even the internal processes, beginning from admissions to placements are all managed by students, which helps them understand the importance of teamwork, budget management and so on. The faculty have also contributed to various European universities.
Welingkar Institute of Management & Research, Mumbai
Top-scoring parameters: Leadership & Governance, Campus Life, Accreditation & Linkages, Corporate Connectedness
Differentiator: Students are mentored by stalwarts from different walks of life
Prin. L. N. Welingkar Institute of Management Development and Research is a part of Shikshana Prasaraka Mandali Pune that manages 43 equally eminent educational institutes in Maharashtra. The faculty include professors from Stern School of Business, New York University, IMD Switzerland and HEC School of Management, France.
In 2012, Welingkar collaborated with public sector behemoth MTNL to launch two new management courses for telecom sector—Post graduate program in telecom management (PGPTM) and certificate course in telecom marketing and management (CTMM). WeSchool wanted to tap the rapidly growing telecom sector, which will soon call for a workforce with sound technical knowledge and good management skills.
It is the first Institute to offer a Design and Innovation program. Weschool has set up India’s first memetics lab: “innowe”, and works with Centre for Creative Leadership to deliver the ‘Global Citizen Leader program’, for its PGDM students.
Top-scoring parameters: Leadership & Governance, Infrastructure, Corporate Connectedness, Alumni Strength
Differentiator: World-class infrastructure
The Institute of Management, Nirma University, became a constituent unit of Nirma University in 2003. Recognized by the UGC and accredited by NAAC, it has a huge campus, great faculty and good infrastructure. The institutes with which NIRMA has academic collaborations are Universiti Utara Malaysia; Hangyang University, South Korea; Florida Atlantic University, USA; Coggin College of Business, North Florida University, USA; California
State University, USA and so on.
In the last academic year, NIRMA started the five-year Integrated BBA-MBA at the undergraduate level. In January 2015, the institute signed an MoU with National Institute of Securities Markets (an educational initiative of SEBI) to develop investors’ awareness and education programs to be offered at district headquarters and talukas in Gujarat.
FORE School of Management, Delhi
Top-scoring parameters: Leadership & Governance, Alumni Strength, Corporate Connectedness, Student Profile
Differentiator: Transparent processes and designing MDPs
The FORE School of Management, a non-profit institution, offers research, consultancy, seminars, academic conferences and publications in addition to its main academic programs. It has two campuses: South Delhi and Sonipat. For more than 30 years, FORE has been providing contextual learning to students and has developed tomorrow’s corporate leaders.
A key activity at FORE School of Management has been designing, developing and conducting innovative MDPs to promote professional management in India. Realizing the greater competitive pressures as well as growth opportunities, FSM has developed many MDPs, training and consultancy services to equip managers from corporate and academicians with knowledge, skills and attitudes required for effectively responding to these pressures and opportunities. These programs have been designed with a proper blend of conceptual and experiential learning. FORE recently signed an MoU with Northampton Business School and Anglia Ruskin University to promote exchange of students, teaching and research personnel. It has also signed MOUs with ESC Rennes School of Business and Asian Institute of Technology.
K.J. Somaiya Institute of Management Studies & Research, Mumbai
Top-scoring parameters: Leadership & Governance, Alumni Strength, Corporate Connectedness, Infrastructure
Differentiator: Institute is rooted in Gandhian values and has a healthy faculty-to-student ratio
Established by Padma Bhushan Late K.J. Somaiya, it aims to provide its students a meaningful and relevant education that emphasizes both the liberal and professional aspects of higher education, steeped in rich Indian culture and heritage and rooted in universal religious philosophies of the world. Today, it is an autonomous institute under the University of Mumbai and has a research centre for PhD in management.
The institute does have tie-ups with corporates like BASF, Reliance Industries Ltd, CRISIL, NSE and Maharashtra Electricity Regulatory Commission among its clients. The institute has collaborative arrangements with international business schools like Ingolstadt Technical University, Germany and IMC KREMS, Austria. The institute has a healthy faculty-student ratio of 1:15 and more than half the faculty have industry-rich experience. It has 98 core faculty members, where at least one-third of them have PhDs and another one-third are at various stages of completing their doctoral studies. Located in the financial hub of Mumbai, it has state-of-the-art infrastructure spread over 1.5 lakh sq.ft.
Goa Institute of Management, Goa
Top-scoring parameters: Campus Life, Leadership & Governance, Infrastructure, Alumni Strength
Differentiator: Institute is research-oriented and has four centres of excellence
Located in Goa, this autonomous school offers a full-time two-year postgraduate diploma in Business Management, postgraduate diploma in Healthcare Management and executive MBA and also is a resource centre for PhD programs in management for Goa University.
The institute believes in being a ‘learning organization’ where the concept of knowledge management influences the belief and conviction of all its students and faculty. GIM believes in continuous transformation and has devised innovative methods of learning. There are three principles in which GIM strongly believes and adheres to. First is high importance to ethics and values, second is creativity and innovation and, third, respect for everyone.
In 2014, GIM placed 96 per cent of its PGDM batch and the number of companies has significantly gone up from 26 to 59. Companies from the IT/ITeS and BFSI sectors have accounted for the highest number of offers — 40 per cent and 35 per cent respectively. The average salary of those placed is about Rs 8 lakh, with the maximum being Rs 14.8 lakh.