Which are the best MBA colleges in Visakhapatnam?

IIM Vishakapatnam, though new being established in 2015, is one of the rising B Schools in Vizag having good infrastructure, faculty as well as placements. It is Ranked 34th on the NIRF Management School Rankings.

For more information about IIM Vishakapatnam do follow the link below

https://www.careers360.com/university/indian-institute-of-management-visakhapatnam

For more information about MBA Colleges in Vishakapatnam do follow the link below

https://bschool.careers360.com/colleges/list-of-mba-colleges-in-visakhapatnam

Obviously you are asking this question because you want to join the best college in Visakhapatnam for your MBA.  So, let’s deliberate on what all constitute a “Best MBA college”. It is important to know this because, though you may not like it, a number of MBA colleges are in the business just to make money. The top two percent of MBA aspirants who come out with top scores in a tough entrance exam like CAT or GMAT get into the Indian Institutes of Management, an Indian School of Business (ISB) or an XLRI or MDI. For the rest, it is a tough call to decide which college to join. Here are some pointers to decide on a “Best MBA college” and what you should do to select one:

• Placements:  Get the details of the companies that visited the campus and the number of placements for the passing out batch. An institute that can give you these details with at least 70 percent placements is superior to one that claims 100 percent placements, which is not verifiable.

• Summer Placements: If a number of students of the passing out batch got their jobs after summer placements it shows that the quality of the students and the institution is top class and that it has a rigorous admission process.

• Learning and living facilities: Find out if the MBA college has smart classrooms, library, meeting spaces and enough space and infrastructure for extracurricular activities. It should also have exclusive living facilities and good electronic resources.

• Faculty quality: Check out if the MBA college has too many retired profs or too many fresh profs.  Also, check out their consultancies and papers published in reputed journals.

• Management Development Programmes: A number of well-attended MDPs mean that the faculty of the MBA college is sought after by future recruiters, indicating good placements.

• Recognition:  You can aspire for higher studies and employment with top class firms only if the degree is recognised by regulators like the UGC or AICTE, depending on whether the institute is a university department or a standalone institution.

If you find this too tedious, search for MBA college ranking by reputed ranking agencies. You can either log on to the website of National Institutional Ranking Framework (NIRF) by the central education ministry or Careers360 website to check the ranking of MBA colleges.

Based on these rankings, and ratings here is a list of top MBA colleges in Visakhapatnam.

IIM Visakhapatnam is obviously the top choice because of its brand value and excellent placement record. In the final placements for the 2018-20 batch, the official brochure says only one student out of the class strength of 100 opted out.  This means 100 percent students were placed and the median salary was pretty good at Rs. 12 lakh.

With A+ accreditation by NAAC, GITAM Institute of Management, Visakhapatnam is a safe bet. According to its website, 226 students got placed in the 2019-20 season with an average package of Rs. 5.5 Lakh.

The number of MBA colleges in Visakhapatnam is limited. You should ideally include MBA colleges in the Vijayawada region also to widen your scope as it is just seven hours away by road.

In the Vijayawada region, The IFMR Graduate School of Business, Sri City, ranked 3 by the NIRF and Koneru Lakshmaiah Education Foundation, Guntur with an NIRF rank of 70 along with KL University Business School, Guntur, rated AAA+ by Careers360 are good options.

If you still have any doubts about choosing the best MBA colleges, write to admissionhelp@careers360.com