Best MBA Colleges in Chennai 2024 with Fees Details and Low Fees, Government, Private

Best MBA Colleges in Chennai 2024 – In Chennai, there are 150 excellent MBA colleges. 120 MBA institutions are privately held, 7 MBA colleges are owned by the public/government, and 1 college is owned by a public-private partnership. TANCET MBA, MAT, CAT, and XAT are some of Chennai’s leading MBA colleges’ most widely accepted entrance tests. Some of the well-known MBA programs in Chennai are IIT Madras, Great Lakes Institute of Management, and Anna University. In this article, we are going to read about Best MBA Colleges in Chennai 2024 with Fees Details and Low Fees, Government and Private Colleges. 

The following are the updated rankings for some of the best MBA colleges in Chennai:

IIT Madras has dropped in rating, falling to 15 in 2023 from 10 in 2022.

Anna University has risen in the rankings, moving from 59th in 2022 to 49th in 2023.

Best MBA Colleges in Chennai: Highlights 2024

The two-year program lays the groundwork for a variety of corporate job prospects. Most companies choose candidates based on their exam results, academic standing, and work history. After being shortlisted, these individuals must subsequently stand for a Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI). The appropriate business schools then compile a merit list.

The following are the highlights of the top MBA Colleges in Chennai:

No. of Colleges150
Annual FeesINR < 1 lakh: 60 colleges INR 1-2 lakh: 15 colleges INR 2-3 lakh: 19 colleges INR 3-5 lakh: 22 colleges INR > 5 lakh: 26 colleges
Top SpecialisationsSales and Marketing, Finance, Human Resources, Operations, IT and Systems
Accepted Entrance ExamsTANCET, MAT, CAT, CMAT, XAT, ATMA, NMAT, etc.

How can I get admission to top MBA colleges in Chennai?

The following are the requirements for pursuing a full-time MBA:

  • The candidate must hold a bachelor’s degree or its equivalent from a recognized university.
  • The candidate must have a minimum aggregate graduation percentage of 50%. The minimal aggregate percentage for restricted category students is 45%.
  • Final-year graduate candidates can also apply for an MBA if they can show documentation of completing their Bachelor’s degree within the time frame allowed by the institute.

What are the entrance exams for MBA colleges in Chennai?

To gain admission, MBA colleges in Chennai allow a variety of entrance tests. The following are the top two admission examinations recognized by MBA colleges in Chennai:

TANCET MBA: TANCET is an entrance test used to fill PG seats in Tamil Nadu colleges. The state-level entrance test for MTech/ MArch/ MPlan/ ME, MBA, and MCA programs is administered by Anna University. Candidates must have an excellent preparation approach to qualify for the exam and gain admission to a TANCET-participating college.

Management Aptitude Test (MAT): The All India Management Association (AIMA) administers a national-level entrance exam for admission to MBA/PGDM programs. The MAT test is administered in three modes: offline (Paper Based Test or PBT), online (Computer Based Test or CBT), and remotely proctored (Internet Based Test or IBT). The study method should be in line with the MAT exam schedule and syllabus.

CAT: The Common Admission Test (CAT) is a national-level management aptitude test used to gain admission to MBA programs at 20 IIMs and over 1,200 B-schools in India. The CAT exam consists of three sections: verbal ability and reading comprehension, data interpretation and logical reasoning, and quantitative aptitude. The CAT exam preparation should comprise phased completion of the CAT course, mock test practice, and review.

Which are the most popular exams accepted by MBA Colleges in Chennai?

TANCET is the most popular exam accepted by MBA Colleges in Chennai. The other exams accepted by the colleges are MAT, CAT, XAT, CMAT, NMAT, etc.

Which is the best College for an MBA in Chennai?

Every year, the National Institutional Ranking Framework (NIRF) ranks colleges. The ranking is based on factors, and the ranking changes from year to year based on the success of the college/university on parameters such as infrastructure, placements, faculty, and so on.

The table below lists the top MBA colleges in Chennai based on NIRF rankings during the last three years, from 2021 to 2023:

College NameNIRF 2021NIRF 2022NIRF 2023
IIT Madras131015
Great Lakes Institute of Management243131
Anna University575949

What are the top Private MBA Colleges in Chennai?

Among the top ten MBA programs in Chennai. The following is a list of private MBA colleges in Chennai, along with their total tuition fee/seat intake and entrance exams/eligibility criteria:

Private CollegesTotal Tuition Fee/Seat IntakeEntrance Exams/Eligibility
Great Lakes Institute of Management AdmissionINR 9 lakh – INR 11 lakhEntrance Exam: CAT, XAT, CMAT Degree with 50% aggregate
Saveetha Institute of Medical and Technical Services AdmissionINR 7 lakh Seats: 120Entrance Exam: CAT, XAT, CMAT, TANCET MBA Degree with 50% aggregate
Loyola Institute of Business Administration AdmissionINR 13 lakh Seats: 240Entrance Exam: CAT, XAT Degree with 50% aggregate
Hindustan Institute of Technology and Science AdmissionINR 3 lakh – INR 4 lakh Seats: 210Entrance Exam: CAT, XAT, CMAT, HITSCAT Degree with 50% aggregate

What are the top Government MBA Colleges in Chennai?

Among the top MBA programs in Chennai. Here is a list of public/government MBA colleges in Chennai, along with tuition prices, seat availability, and entrance exams/eligibility requirements:

Public/Government CollegesTotal Tuition Fee/Seat IntakeEntrance Exam/Eligibility
IIT Madras AdmissionINR 1 lakhEntrance Exam: CAT Degree with 60% aggregate
University of Madras AdmissionINR 28,000 – INR 56,000 Seats: 1,260Entrance Exam: TANCET MBA, MAT, CAT, XAT, CMAT Degree with 60% aggregate
College of Engineering, Anna University AdmissionINR 35,000 Seats: 120Entrance Exam: TANCET MBA Degree with 50% aggregate
IMUC AdmissionINR 4 lakh Seats: 75Entrance Exam: IMUCET Degree with 50% aggregate

Which MBA college gives the highest salary in Chennai?

Return on Investment (ROI) indicates how much profit or benefit you will receive if you pursue a course at a specific college. It evaluates the return on the candidate’s investment in tuition and the return on investment in the form of placements. In terms of annual fees, IIT Madras has the highest median package of any institute.

 Refer to the table below to learn about the Chennai MBA colleges with the highest average annual price and placement package:

College NameTotal Tuition FeeAverage Placement Package
IIT Madras MBAINR 1 lakhINR 20 LPA
Great Lakes Institute of ManagementINR 9 lakh – INR 11 lakhINR 11 LPA
Saveetha Institute of Medical and Technical Services MBAINR 7 lakhINR 6.45 LPA
Loyola Institute of Business Administration MBAINR 13 lakhINR 11 LPA
Hindustan Institute of Technology and Science MBAINR 3 lakh – INR 4 lakhINR 4.50 LPA

Note: The above statistics are based on the latest data available.

Which top MBA colleges in Chennai have the best placements?

Below is the list of MBA courses in Chennai along with their annual placement package and list of prominent recruiters:

College NameAnnual Placement PackageTop Recruiters
IIT Madras PlacementINR 20 LPAAccenture, Cognizant, Dell, Deloitte, IBM, ICICI Bank, Morgan Stanley, P&G, Mahindra, etc.
Saveetha Institute of Medical and Technical Services PlacementINR 6.45 LPABOSCH, TCS, JABIL, Accenture, Kaar Technologies, Capgemini.
Loyola Institute of Business Administration PlacementINR 11 LPABMW, Deloitte, KPMG, Dell, Dabur, SBI Life, TATA Motors
Great Lakes Institute of Management PlacementINR 11 LPAAccenture, ADP, Brain, Bristlecone, Deloitte, Cognizant
Hindustan Institute of Technology and Science PlacementINR 4.50 LPAInfosys, Mahindra, Tata, Wipro, Polaris, Electrical Plants

How affordable is studying MBA in Chennai?

Pursuing MBA courses in colleges in Chennai is affordable as most of the colleges have a total tuition fee of less than INR 1 lakh. Tabulated below are the names of MBA Colleges in Chennai along with their total tuition fee structure:

Fee RangeNames of Colleges
< INR 1 lakhRajalakshmi Engineering College, University of Madras, SRM Valliammai Engineering College, etc.
INR 1-2 lakhDoMS IIT Madras, Sai Ram Institute of Management Studies, Alpha College of Engineering, etc.
INR 2-3 lakhMEASI Institute of Management, Ethiraj College for Women, Indian Institute of Logistics, etc.
INR 3-5 lakhHindustan Institute of Technology and Science, SRM Institute of Science and Technology, Sathyabama Institute of Science and Technology, etc.
INR > 5 lakhGreat Lakes Institute of Management, Saveetha Institute of Medical and Technical Sciences, Academy of Maritime Education and Training, etc.

Which specialization is best for an MBA in Chennai?

Sales and Marketing, Finance, Human Resources, IT and Systems, Operations, Retail, Healthcare and Hospital, International Business, Business Analytics, Supply Chain, Transport and logistics, IB, Travel and Tourism, Business Economics, Agriculture and Food Business, Pharma, Project Management, Public Policy, Rural Management, Data Science, and other specializations are available at MBA colleges in Chennai.

Finance, Sales & Marketing, and Human Resources are the most popular.

Refer to the table below for a comprehensive overview of MBA programs in Chennai:

SpecializationsNumber of Colleges
Human Resources53
Sales & Marketing51
IT & Systems30

For Admission and the best courses-related content visit the Best Courses Page.

Leave a Comment