Getting into the Indian Institute of Management ( IIM) requires a high percentile in CAT entrance exams and the ability to fork out a whooping amount for fees. Although many Indians aspire to enter into top-ranking IIMs for exposure, quality study, and BRAND value, there are other reputable institutes as well that provide equivalent exposure, quality education, and name. Here are the five most sought-after business schools after IIMs, separated on the basis of fee ranking affordability.
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Faculty Of Management Studies
The Faculty of Management Studies was established in 1954 under the aegis of Delhi University. It is one of the oldest B-schools known for its academic excellence, diverse culture, and networking. The fee for this institute is Rs 50,000 per semester, as per the 2023-25 bulletin information.
Professor A Dasgupta was the founder and Dean of this institute. Initially, the institute was a part of the Delhi School of Economics, which now has grown as a full-fledged management institute.
Courses offered:
- MBA (Full-time) Programme Doctoral Programme
- MBA Executive Programme
- MBA Executive (Health Care Administration) Programme
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Indian School of Business (ISB)
The Indian School of Business is a private business school, having campuses situated in Hyderabad and Mohali, India.
Courses offered:
- Post Graduate Programme in Management
- Post Graduate Programme in Management for Working Professionals
- Post Graduate Programme in Management for Senior Executives
- Post Graduate Programme in Management for Family Business
- Post Graduate Programme in Management for Young Leaders
ISB consistently ranks among the top business schools in India and has received recognition in global rankings as well.
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IIFT, Delhi
The Indian Institute of Foreign Trade (IIFT) was conceived in 1963 as an autonomous body under the Ministry of Commerce & Industry to develop the skills of Indians in the external trade sector.
The Institute received the “Deemed to be University” tag in 2002. In the subsequent three years, it was recognized by the National Assessment and Accreditation Council (NAAC) as a Grade ‘A’ Institution in 2005, followed by 2015.
Courses offered:
- Two-year MBA (International Business) at New Delhi and Kolkata.
- Ph.D. (Management) Programme at Delhi and Kolkata.
- Ph.D. (Economics) Programme at Delhi and Kolkata.
- Two-year MA (Economics – Specialization in Trade and Finance) at New Delhi and Kolkata.
- Two years & six months MBA (International Business) Weekend classes at New Delhi and Kolkata.
- Executive Post Graduate Diploma in International Business at New Delhi and Kolkata.
- Executive Post Graduate Diploma in International Business (Hybrid) at Delhi.
- Executive Post Graduate Diploma in International Business (On-campus) at Delhi.
- Two Years MBA in International Business in collaboration with the Institute of Finance Management, Dar-es-Salaam, Tanzania
- Post Graduate Certificate Programme in International Business and Finance (Hybrid).
- Certificate Programme in Export Import Management.
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Jamnalal Bajaj Institute of Business Studies
Jamnalal Bajaj Institute Of Management Studies, founded in 1965, comes under the aegis of the University of Mumbai. It is ranked among the top B-Schools in India and is known for its affordable fees, just like FMS. It is also one of the oldest B-schools in India.
JBIMS intakes students for a two-year Masters in Management Studies (MMS) Program through DTE CAP, held each year in July by the DTE Maharashtra. JBIMS Mumbai offers MMS and MSc Finance, MHRD, and a part-time MBA in Management for people who are working professionals. MAHCET, CMAT, and CAT are the qualifying examinations for admission to this institute.
Courses offered:
- Master of Management Studies (MMS)
- Master of Science in Finance (M.Sc. Finance)
- Masters in Human Resource Development (MHRD)
- Part-Time MMS Degree Programme (Part-Time MMS)
- Ph.D. Program in Management Studies (Ph.D.)
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XLRI, Jamshedpur
XLRI Xavier School of Management, just like ISB, is a private business school. It is, however, run by the Society of Jesus in Jamshedpur, Jharkhand, India. It is undoubtedly one of the oldest B-Schools in India, having been set up in 1949 in the steel city of Jamshedpur. Besides offering postgraduate diplomas in business, it has online PG Diplomas and runs fellow programs.
XLRI was ranked 9th in the National Institutional Ranking Framework (NIRF) in 2023 for the top management schools in India.
Courses offered:
- Postgraduate Diploma in Business Management (PGDBM)
- Postgraduate Diploma in General Management (PGDGM)
- PGDM (Logistics & Supply Chain Management)