IIM Visakhapatnam, GITAM Institute of Management, Andhra University, AQJ Centre for PG Studies, Alwar School of Business, and various other institutions stand out as the top MBA colleges in Visakhapatnam (or Vizag). Entrance into these esteemed institutions is primarily based on performance in top-tier management exams such as the state ICET (APICET), as well as national exams like CAT, MAT, and XAT.
IIM Visakhapatnam is ranked as the best MBA college in Visakhapatnam according to the NIRF ranking 2023, securing the 29th position among India’s top management colleges.
In Visakhapatnam, there are a total of 45 MBA institutions, with 44 being private and only Andhra University representing the government sector.
These institutions offer a comprehensive range of MBA courses, including specializations in Finance, Marketing, and HR.
Andhra University’s School of Distance Education provides a distance MBA program with an average annual fee of INR 18,000 and a duration of up to 3 years.
For regular MBA courses across most colleges, the average annual fee ranges from INR 50,000 to 80,000, with some institutions charging higher fees for management programs.
Exploring options for 1-year MBA programs in the top MBA colleges in Visakhapatnam is advisable for those seeking to expedite course completion and save on costs. Eligibility for such programs may require prior work experience.
Upon completion of an MBA from these colleges, the average placement package typically falls within the range of INR 2-5 lakh per year.
Top MBA Colleges in Visakhapatnam: Ranking
Various ranking agencies annually publish lists of leading colleges in India, utilizing diverse criteria. Prominent agencies such as NIRF, Business Today, and Times B School release rankings across various categories, including state-wise and city-wise distinctions.
These rankings consider factors such as the University’s Perception, Teacher-Student Ratio, Placement Reports, Faculty Quality, and more. Many agencies specifically categorize rankings for Private B schools and Government B schools. In the tables presented below, we have consulted the lists of Top MBA Colleges in India provided by different agencies. Continue reading to discover the rankings of the best MBA colleges in Visakhapatnam.
Top MBA Colleges in Visakhapatnam with NIRF Ranking 2023
The National Institutional Ranking Framework (NIRF) is a methodology embraced by the Indian government to assess and rank premier educational institutions in the country, considering diverse parameters. Operating under the Ministry of Education, NIRF annually releases ranking lists across various domains for top institutions in India. Widely regarded as the most reliable and popular ranking agency in the country, NIRF is instrumental in providing valuable insights into the educational landscape.
NIRF evaluates institutions nationwide using five parameters: (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and (5) Perception.
The following table presents the rankings of the top MBA colleges in Visakhapatnam according to the NIRF ranking for the year 2023.
NIRF Ranking 2023
College/Institute Name
NIRF Score
29
Indian Institute of Management Visakhapatnam
57.57
101-150
Gandhi Institute of Technology and Management
–
Top MBA Colleges in Visakhapatnam with The Week Ranking
The Week compiles an extensive roster of MBA colleges in India, including state-wise rankings in its subsection. This survey represents a comprehensive evaluation of MBA institutions, with rankings determined by various aspects that contribute to the global appeal of a business school.
According to The Week, GITAM is recognized as the top MBA college in Visakhapatnam.
GITAM has achieved the 42nd position among the top MBA colleges in India, marking a notable improvement from its previous rank of 56.
The average annual fee for MBA at GITAM Visakhapatnam is INR 3,00,000.
Admissions to GITAM Visakhapatnam are facilitated through various entrance exams, including CAT, MAT, XAT, and CMAT.
Top MBA Colleges in Visakhapatnam: Times B School Ranking
The Times B school ranking compiles information from various business schools, focusing on management courses offered by top management colleges in India.
The survey is conducted between the first week of January and the second week of February, incorporating two main modules: the Factual Survey and the Perceptual Rating Survey.
GITAM Institute of Management has been ranked 37th among the top management schools in India by Times B-School.
It’s noteworthy that GITAM is the only college consistently featured in all these rankings, making it a college worth exploring.
Top MBA Colleges in Visakhapatnam: ROI (Return on Investment)
When deciding on a college for advanced studies, considering Return on Investment (ROI) is crucial. ROI indicates the profitability of your education and the time it will take to recover the expenses. Making comparisons in terms of ROI can significantly impact the trajectory of a career after graduation.
Below are the leading MBA colleges in Visakhapatnam, ranked according to the ROI they provide.
As indicated in the table, Avanthi Institute of Engineering and Technology stands out with the highest Return on Investment (ROI) among all the colleges. The average ROI for these institutions is 300%. While GITAM provides a competitive package to students compared to other colleges, it is noteworthy that it comes with a higher associated fee.
Top MBA Colleges in Visakhapatnam: Cutoff
Nearly every college publishes a cutoff list for prominent MBA entrance exams as a basis for admitting students to their programs. Only a minimal number of colleges provide direct admission.
The table provided below displays the top MBA colleges in Visakhapatnam along with their respective cutoff scores as released for various exams.
College Name
Exam
Cutoff
GITAM Visakhapatnam
MAT
60
IIM Visakhapatnam
CAT
92
GITAM Institute of Management, Visakhapatnam
CAT
65-70
GITAM School of International Business
CAT
50
MAT
80
NMAT
140
GMAT
500
Top MBA Colleges in Visakhapatnam: Admission Process
Visakhapatnam boasts a total of 45 MBA colleges, with 44 being private institutions and only 1 being a government (public) college. The admission process for these colleges in Visakhapatnam commences with entrance exams, and aspiring candidates need to stay informed about the specific dates and timings for individual applications.
IIM Visakhapatnam
The admission process for IIM Visakhapatnam’s PGPMCI program is currently open, with the deadline for applications set for November 24, 2023. The CAT 2023 Admit Card is scheduled to be released on November 7, 2023, and the exam itself is slated for November 26, 2023. IIM V admission is primarily based on scores from tests like CAT or GMAT. For those who have not taken these exams, alternative options include institute-conducted exams such as the IIMV test and EMAT. IIM Visakhapatnam offers various programs, including MBA, MBA for working professionals, and Ph.D. The required CAT cut-off for admission into the MBA program at IIM Visakhapatnam is 80 percentile (Overall) and 70 percentile (Sectional).
IIM Visakhapatnam Placements 2023 Report
The placement process for 2023 at IIM Visakhapatnam has been successfully completed, achieving a 100% placement rate. The average package at IIM Visakhapatnam has seen a notable increase of 10.29%, reaching INR 16.61 LPA, while the highest package reached INR 32.65 LPA.
For the Summer Internship Placements in 2024 at IIM Visakhapatnam, the highest stipend offered was INR 2.5 Lakhs per month. The average stipend showed a significant rise of 38%, reaching INR 79 K per month. The summer placements witnessed a 100% placement record, with the IT/ITES sector contributing to 22% of the internship offers.
Top MBA Colleges in Visakhapatnam: Entrance Exam Wise
Entrance exams such as CAT, XAT, MAT, CMAT, and GMAT play a pivotal role in the admission process for MBA colleges in Visakhapatnam. Additionally, the state-level entrance exam APICET (Andhra Pradesh Integrated Common Entrance Test) is a significant determinant for student admissions. Merit-based admissions and quota considerations are also factors influencing admission decisions in certain colleges within the city.
Top MBA Colleges in Visakhapatnam through ICET
The expected start date for the final phase counseling of AP ICET in 2023 is late October 2023. To participate in the AP ICET Final Phase Allotment 2023, applicants must ensure that their documents are ready in the specified scanned formats.
Here are some of the notable MBA colleges in Visakhapatnam that accept ICET scores:
Pydah College of Engineering & Technology
Chaitanya Engineering College
Baba Institute of Technology & Sciences
Samata College
Srinivasa Institute of Management Studies
Top MBA Colleges in Visakhapatnam through CAT
The Common Admission Test (CAT) is a widely recognized MBA entrance exam conducted annually by IIMs across the country. The CAT 2023 exam is set to take place on November 26, 2023. The application form and edit window for CAT are currently closed. IIM Lucknow is slated to release the CAT admit card 2023 on October 25, 2023, starting from 5 PM onwards. To download the hall ticket, you can visit the official website, iimcat.ac.in 2023, and log in using your CAT user ID and password.
Here are a few noteworthy MBA colleges in Visakhapatnam that consider CAT scores for admissions:
GITAM Institute of Management
AQJ Centre for PG Studies
Ambedkar Institute of Management Studies
Srinivasa Institute of Management Studies
Integral Institute of Advanced Management
Top MBA Colleges in Visakhapatnam: Placement Wise
Management colleges in Visakhapatnam stand out for providing excellent placement opportunities within the state.
On average, these colleges receive around 150 job offers, while prestigious institutions like IIM Visakhapatnam and ICFAI Business School receive over 400 offers.
The average salary for MBA graduates in India falls between INR 6-9 lakhs, with some packages soaring up to 1 crore. IIM Visakhapatnam, in particular, achieved its highest-ever salary record at INR 22 LPA.
Avanthi Institute of Engineering and Technology boasts the best placement package among the top MBA colleges in Andhra Pradesh.
Andhra University holds the highest placement record in the state, with an impressive annual salary of INR 13 lakhs.
Top MBA Colleges in Visakhapatnam for Finance
The finance industry in India is experiencing remarkable growth, driven by increasing investments. Companies are actively recruiting individuals to manage their financial affairs due to this expansion. The financial sector is currently growing at a rate of 7.5%, with an estimated value of USD 3 trillion.
Here are a few notable MBA colleges in Visakhapatnam that specialize in Finance:
Andhra University (AU)
GITAM Institute of Management
Dr. Lankapalli Bullayya College
Vizag Institute of Technology
Alwar School of Business
Top MBA Colleges in Visakhapatnam for Marketing
According to an expert with decades of experience in reviewing placement cycles, marketing is now considered as important as HR. The advertising and marketing sector is projected to reach $10 billion, experiencing a 30% growth rate due to the surge in digital marketing and heightened competition emanating from mobile platforms.
Here are a few prominent MBA colleges in Visakhapatnam known for their excellence in Marketing:
