Ask anyone about the best and the safest way to earn a big fat pay cheque, and 9 out of 10 people would answer you 'Join a top MBA college!' It sure isn't as simple as it sounds. With over a hundred people vying for every single seat in the top 20 MBA colleges of the country, a sensible choice with a calm mind can do wonders for you. While the biggest parameter of rating any college as a 'premier college' is with average pay package that the students command once they pass out, another not-so-unimportant parameter is the fees that it asks for!
One of the biggest learning that MBA gives is a thorough cost-benefit ratio analysis. Consider it pre-training, and make sure you do a proper cost-benefit analysis before short listing your 'dream college'. To make your job easier, here is our list of the top 5 Government owned MBA colleges in India that provide value for your money!
- Faculty of Management Studies, Delhi
This is one MBA college in India which may be preferred over the celebrated IIMs. The reason is simple. A place in the top 10 MBA colleges of the country according to a number of credible surveys to go with a negligible annual fee of Rs 10,480 (US $200) make FMS an irresistible option. And if that wasn't enough to make up your mind, here is another fact for you! The average salary offered to a student from FMS is well over Rs 16 lakhs per annum!
- Indian Institute of Foreign Trade, Delhi
IIFT is one of the most sought after MBA colleges in the country. One of the biggest reasons for its popularity is the staggering average pay package of 11 lakhs. But this is not the lone reason which makes it such a great option for any MBA aspirant. An annual fee of 5 lakh is one of its biggest USPs.
- Indian Institute of Technology, Delhi
Though IITs are best known for their prestigious Engineering degree, the past few years have seen a surge in the reputation of the MBA course offered by the IITs. With a total fee of nearly 4.8 lakhs and an average package of over 8 lakhs, IIT Delhi is a great value for money option for the MBA aspirants to study in one of the best campuses across the country.
- Indian Institute of Rural Management, Anand
IRMA, as it is commonly known, has produced a number of notable hotshots. Its flagship MBA program has a number of takers. A total fee of 4.2 lakhs and an average package of close to 10 lakhs completely justify the hype around this top college!
- Indian Institute of Technology, Roorkee
India's first Engineering College, IIT Roorkee has come a long way since its inception. A fee of 4 lakhs and a handsome average package of over 9 lakhs have added MBA aspirants to its already long fan list.
We may have missed out on some other exceptional colleges that provide great value for money. Is there any other Government college which should have made the list? Fill in the comment & let us know what you think.