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]]>Raghav has recently completed BBA from a prestigious institute. On the last day in college, he is sitting in the canteen with two of his best friends on campus, Lynda and James. Lynda and James are foreign exchange students who have often described to Raghav how their time in India has been a great learning experience for them. They got to experience a new culture, meet new people, and learn far more than they could learn from books and classes. Raghav plans to pursue MBA and owing to the experience of James and Lynda; even he wants to get into a college which offered student exchange programs. However, Raghav is not sure which MBA colleges in India have the best student exchange programs. Raghav is not the only one who is unsure about this. There are a lot of students who are not unaware of such opportunities.

A post graduate degree is not just about studying in the class but about getting exposed to new experiences. Most MBA colleges in India promote summer internship programs, but students often find internship placements within India. Exposure to a foreign country and culture can be significant catalysts for the development of your career. The experience gained in the summer internship programs contribute to the building of a management perspective. Exchange programs can make a huge difference in defining the success of your career. Just like Lynda and James, if you have considered an exchange program, you should know which Institutes in India offer the best student exchange programs.
We have referred to the rankings of MBA colleges in India in two of the best magazines: Outlook India’s 100 best B-school and Business Line business school ranking. The top 12 colleges from the list have been mentioned below:

Business line business school ranking 2015-16
Outlook India’s 100 best B-school
IIM-A is the top college in both the ratings we considered. The student exchange program of IIM-A is incredibly vibrant. IIM-A has 79 partner Universities across the world which send and receive exchange students from the IIM-A. IIM-A provides an excellent opportunity to learn as well as experience new cultures.
| Asia | Asian Institute of Management, Makati City, Philippines
Asian Institute of Technology, Pathumthani, Thailand |
| Australia | Australian Graduate School of Management, Sydney
The University of Melbourne, Australia |
| Europe | Copenhagen Business School, Frederiksberg, Denmark
EDHEC, Cedex, France |
| North America | Stern School of Business, NYU, New York
The Anderson School at UCLA, Los Angeles |
| South America | Universidad De Lo8 Andes School of Management, Bogota, Colombia
Universidad ESAN9 Peru |
| Canada | McGill University, Montreal
Sauder School Of Business, Vancouver |
| South Africa | University of Capetown, South Africa
Gordon Institute of Business, Johannesburg |
| New Zealand | University of Otago, New Zealand |
| Dual Degree Programs | ESSEC, Cedex, France |
| The University of Bocconi, Milano, Italy | |
| HEC School of Management, Paris, France | |
| European Business School (EBS), Oestrich-Winkel, Germany | |
| University of Cologne, Germany | |
| ESCP Europe |
IIM-C is the 2nd best B-school in India per both the rankings. The PGP program provides the opportunity to spend a term at a partner university with which the college has a MoU. IIM-C has a tie up with 83 international institutes across the world.
| Europe | The London School of Economics and Political Science, UK
Copenhagen Business School, Denmark |
| Asia Pacific | The University of Sydney Business School, Australia
Tsinghua University School of Economics and Management, China |
| America | Fundacao Getulio Vargas, Brazilian School of Public and Business Administration, Brazil
Ivey Business School, Canada |
XLRI is one of the best B-schools in India. It is 3rd best as per the Outlook magazine. Below is the list of foreign Universities which have tie-ups with XLRI for student exchange programs:
| The United States of America | AB Freeman School of Business
Tulane University Weatherhead School of Management Case Western Reserve University Darden School of Business University of Virginia Carlson School of Management University of Minnesota |
| Europe | ALBA Graduate Business School, Greece
Audencia Nantes School of Management, France Bordeaux Business School, France EM Lyon Business School, France Grenoble Ecole de Management, France IESEG School of Management, France Malardalen University, Sweden ESADE Business School, Spain Universiteit Antwerpen Management School, Belgium University of Gdansk, Poland Muenster School of Business Administration and Economics, Germany University of Muenster, Germany |
| Australia | Graduate School of Management, La Trobe University |
| South East Asia | Asian Institute of Management, Manila
Asian Institute of Technology, Bangkok |
IIM-B is the 3rd best institute according to Business Line rating. IIM-B offers an excellent student exchange program and has partnered with more than 50 Universities across the world. Some of them are as follows:
FMS is one of the top B-schools in India. FMS offers numerous collaborative and exchange programs in various institutions across the world. Some of the tie-ups by the Institute are:
Foreign Exchange Programs
IIM-K is one of the top B-schools in India and offers great student exchange programs. IIM-K have partnered with universities across the globe, some of which are:
IIM- L is also one of the best B-schools in India and enjoys the 5th position in the Business line rankings. IIM-L offers excellent student exchange programs owing to their international association and tie-ups with numerous universities across the globe, some of which are as follows:
| Europe | Universite Catholique de Louvain, Belgium
Copenhagen Business School, Denmark ESSEC Business School, France Ecole de Management, France Universite Jean Moulin, France REIMS School of Management, France ESCP-EAP, European School of Management, France European Business School, Germany Leipzig School of Management, Germany ESADE Business School, Spain Jonkoping International Business School, Sweden The university of St. Gallen, Switzerland |
| USA | George Mason University
University of Connecticut Kelly School of Business |
| Canada | Brock University
Carleton University Michael G Degroote School of Business |
| China | Beijing Jiaotong University |
The ranking showed top 10 B-school based on various parameters like placement, faculty, infrastructure, industry exposure, ROI, etc. But MBA is not just about these. Taking up a term in a new country is moving out of your comfort zone. You can experience a new culture and meet new people. Moreover, the challenges you face in a foreign country and the way you resolve the issues teach you valuable life lessons. The exchange program isn’t a year in your life; it’s a lifetime in a year.
Do you agree? Let us know in the comments below.
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]]>Fact File: According to the FICCI- KPMG Indian Media and Entertainment Industry Report 2015, the Indian Media Industry is expected to grow at a CAGR of 13.9 percent, which means it is expected to reach INR 1964 billion by 2019 from INR 1026 billion, which was recorded in 2014.
With the boom in communication technology, the Indian media industry has witnessed a steep incline in the number of career options. Communication technology and media makes the world a smaller place by bringing together people from different cultures. The media industry continues and will always continue to be the most prestigious industry full of esteemed individuals.
Communication and Journalism as disciplines of study open the gates to a successful career in the media industry. Here, we will spread some light on the top MBA colleges in India which offer Communication and Journalism specialisation. But before that, let us discuss in brief what Communication and Journalism have to offer as a career path.
Journalism is a unique and dynamic discipline, which involves tracking events and going into the heart of the matter to uncover the true stories. It is not an easy profession to pursue which is why veteran journalists are treated with immense respect. Journalists work in some of the most difficult conditions to bring us the information from around the world.

Prime Minister Narendra Modi felicitating the leaders of The Express Group
The job of journalists is becoming tougher by the day. Someone who wishes to pursue journalism will not let educational qualification impede their career. The appeal of journalism lies in the plethora of subjects that one can pursue. Finance, economics, politics, entertainment, sports, culture, and science are among the more popular domains on offer. Careers in journalism can turn out to be highly rewarding as they require both creativity and perseverance.
Communication is a broad term which encompasses journalism as one of its important components. In the context of this article, communication refers to mass communication on behalf of organisations. This communication can be through advertising, public relations activities, CSR activities, or even through company spokespersons.
Mudra Institute of Communication, Ahmedabad, was established in 1991. It offers post-graduation courses, which are equivalent to an MBA. MICA offers specialisation in the field of Communication, Marketing Research, Digital Communication, Brand Management, Media Management and Advertising. With a unique infrastructure and campus culture, it is one of the best MBA colleges in India.

Symbiosis Institute of Media and Communication, located in Pune is one among the very few specialised institutes. It was established in 1990 with two full-time post-graduation degree programs. It offers courses in Mass Communication, Brand Communication, Public Relation, Media Management and Research Analytics. The course offered has a rigorous structure, thereby preparing student completely for the industry.
The Indian Institute of Mass Communication, established in the year 1965, is a top MBA college, headquartered in Delhi. It now has campuses in Aizawl in Mizoram, Amaravati in Maharashtra, Dhenkanal in Odissa, Jammu (J&K) and Kottayam in Kerela. The IIMC is funded by the Indian Government. It is one of the top business schools in India in the discipline of Mass Communication for teaching, training, and research. It includes disciplines like print, photo, radio, and television journalism. Courses offered here include Communication Research, Public Relations, Advertising and Media.

The Catholic Bishops’ Conference of India established Xavier’s Institute of Communication in the year 1969 with the aim to develop a professional school in Media. This business school offers numerous courses like Journalism and Mass Communication, Public Relations, Corporate Communication, Advertising and Marketing Communication. The Institute has campuses at two locations – St. Xavier’s College campus and the St. Xavier’s High School campus, Mumbai. It is definitely among the top MBA colleges in India.

In the year 1973, the Department of Journalism and Mass Communication was established by the Banaras Hindu University. Its MBA program has a unique teaching methodology that involves field visits and projects on different topics. BHU offers courses such as Doctorate courses in Mass Communication, Diploma in Hindi Journalism and Communication Skills. Other courses offered at the BHU include Theatre Communication, Health Communication, and Corporate Communication.
A Praqtical Look: To pursue your dream job, it is important that you start from one of the best MBA colleges in India which have a good reputation in the industry. A strong reputation and a well-established alumni network go a long way in bringing the right job offers to the campus doorstep.
What place do you want to hold in the field of Media and Communications? Which is your dream college? Do you dream to study in one of the top MBA colleges in India? Let us know in the comments.
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]]>A boy named Manoj was in the final year of his graduation. A B.A. student from Loyola College in Ahmedabad, he wanted to do an MBA in HR after graduation from one of the top MBA colleges in India.
He spoke about his ambition to Ashwin, who was his senior from Loyola. Ashwin after completing his MBA in Finance from IIM-Calcutta and was now working with JP Morgan Chase as a Senior Analyst.
Manoj: “I am studying really hard for CAT, I hope I’m able to get into one of the IIMs.”
Ashwin: “Why are you restricting yourself to thinking just about the IIMs? You do realise that some of the best HR colleges are not even IIMs, and they have their own entrance tests.
Manoj: “Wow! How could I be so ignorant? Please tell me more!”
Ashwin: “XLRI and TISS are perhaps the most coveted colleges for HR. You need to pass XAT for getting into XLRI; similarly, TISS would require you to go through TISSNET.”
Ashwin had appeared for many exams like XAT, NMAT, SNAP, IIFT, IRMA, etc. Ashwin told Manoj that preparing for these exams wasn’t easy. It did require a lot of hard work and dedication. Manoj was inspired and started for preparing for other examinations.

Many students face the same dilemma. Is appearing for CAT the only way to get admission in MBA colleges? Are there no colleges that do not accept CAT score?
This article comes as a relief for those students who fear that the CAT exam is the only gateway to MBA. There are many MBA entrance exams apart from CAT, for which a student can appear for to get into a good B-school. However, there are also business schools that accept candidates irrespective of whether they have appeared for CAT or not. Here is a list of the some of the top MBA colleges in India that do not accept the CAT score:
XLRI offers Post Graduate Diploma in Management in fields like Business Human Resource and General Management. XLRI shortlists students by their score in Xavier Aptitude Test (XAT). The candidate also has to submit an essay within 20 minutes after the completion of the competitive exam. After the candidate is shortlisted based on his XAT score, he has to appear for either PI or GD and PI both, based on the field he chooses to do PGDM. XAT will take place on on 8th January’17 for the 2017 intake.
Narsee Monjee Institute of Management Studies is one of the top MBA colleges in India. It offers MBA in Pharmaceutical Management, Capital Market, Banking, Human Resource, etc. To get into NMIMS, a candidate needs to clear NMAT. A candidate can attempt NMAT up to 3 times to better his scores. NMAT doesn’t have negative marking. The final merit list is prepared based on the NMAT Score, Written Test marks (as applicable), Group Discussion, Personal Interview, Presentation (as applicable) and work experience. The test taking window for NMAT 2016 is 75 days long, from 7th October to 20 December.
Symbiosis International University has 11 colleges spread over Pune, Bengaluru, Nashik, Hyderabad and Noida. These colleges offer MBA in Marketing, Human Resource, Finance and Operations. To get into Symbiosis colleges, a candidate needs to go through SNAP. SNAP is usually organised in the month of December, and this year, it is going to be conducted on 18th December. General awareness business scenarios and current affairs make up almost 20% of SNAP. After the students are selected based on the SNAP score, they appear for GD and then PI.

Mudra Institute of Communication, Ahmedabad offers PGDM in Communications, Fellow Program in Management – Communications and many other Post Certificate programs. Candidates who want to get admission in MICA need to give CAT, GMAT or XAT along with MICAT. MICAT tests students in areas such as Divergent Thinking Abilities, Written Communication Abilities and General Awareness about contemporary social and business issues, including areas relevant to media, marketing, advertising & current affairs and Analytical & Verbal Abilities. MICAT-I is on December 11, 2016 and MICAT II on Februrary 12, 2017.

IIFT was established by the Government of India in 1963. It is one of the top MBA colleges in India with its flagship course in International Business. IIFT has its institutes in Delhi and Kolkata. It offers MBA course in International Business. The exam that a candidate needs to clear to become a part of the institute is curated by the business school itself. The exam has a special General Knowledge section, which contains around 26 questions. After the IIFT exam, students are shortlisted to write an essay, baed on which they are shortlisted for GD and PI. This year, the IIFT examination date is set as 27th November, 2016.

Institute of Rural Management, Anand was established in 1979. It is amongst the top institutes of India that offer programs in Rural Management. IRMA accepts scores of both CAT and XAT for the admission. Apart from CAT and XAT, the candidate has to appear for Issues of Social Concern test. Based on the CAT/ XAT score, Issues of Social Concern test, group activity and personal interview, a candidate is selected. The date for IRMA test is 12th February 2017.

TISS is one of the top MBA colleges in India for HR studies. Their unique focus means that they test candidates in a different way, beginning with TISSNET. Admission into TISS is on the basis of the TISSNET score and subsequent GD/PI rounds. TISSNET 2017 is scheduled on January 7, 2017. As per the Institute website, negative marking will not apply for TISSNET 2017.
So, one doesn’t necessary have to give CAT to get into a top B-school in India. So, do you think Manoj will be able to get into one of the best B-schools in India without giving CAT? Let us know in the comments section below.
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]]>“Time to get back to our mediocre life!” exclaimed my elder sister after watching the first ever woman Olympic Silver Medalist set the country on fire.
“Maybe, you can be like her someday. I mean, you plan to do MBA in Finance. Do you even realise how important you can be in these times when the global economy is becoming more complex than ever and when every big company badly needs someone to steer it’s business to record profits?” – I said after seeing a fear of the future on her face.
To which she said “I don’t want to have such far-fetched dreams when even getting into a top MBA Finance College is such a fight.”
Well it sure is a tough fight.
“Now, Will it be easy?” – No.
“Worth it”- Yes, Absolutely!
The opportunities that the top MBA Finance Colleges in India offer make me believe that my sister’s future is secured. Having worked hard enough for MBA entrance exams, I’m sure she’ll soon make it to a well-deserved MBA Finance College. And pursuing one of the most coveted specialisation FINANCE can help her unlock so many opportunities to reach to the top management in any big company. For who knows, a person studying Finance in a top MBA Finance College in India can very well be like Satya Nadella who supposedly honed his skills while attending Kaplan’s entrepreneurial finance class at the Booth School of Business, University of Chicago and then applied those skills at Microsoft!

The top MBA Finance Colleges in India offer a huge range of opportunities and benefits to their students from a well established network of alumni to a distinguished faculty base that creates the best all- round learning experience for students.
PRAQTISE FACT FILE: According to a research conducted by MBAUniverse.com, the B-Schools in India are now focussing to change their teaching methods from boring classroom lectures to more diverse mind sharpening activities like Case Studies, Simulations, Market/ Industry Visits and Rural Immersions among others.
While many private institutes offer MBA Finance, it is the most renowned institutes, including the IIMs that give the students the privilege of learning Finance comprehensively to become a good professional. And so, to help my sister solve the big dilemma that she soon would be facing while choosing an MBA Finance College once her CAT results are out, I tried to compile a list of the best Finance MBA colleges in India. After considering a number of factors and after looking at a number of top MBA colleges in India that offer the best opportunities to students in terms of placements, packages, faculty and exposure, I compiled the following list of colleges that can be considered as the top MBA Finance Colleges in India in 2016:
| Indian Institute of Management, Calcutta |
| Indian Institute of Management, Ahmedabad |
| Indian Institute of Management, Bangalore |
| Indian Institute of Management, Lucknow |
| Xaviers Labour Research Institute, Jamshedpur |
| Jamnalal Bajaj Institute of Management Studies, Mumbai |
| S.P. Jain Institute of Management and Research, Mumbai |
| Indian Institute of Management, Indore |
| Indian Institute of Management, Kozhikode |
| Management Development Institute, Gurgaon |
| Faculty of Management Studies, Delhi |
| Indian Institute of Foreign Trade (IIFT) |
| Narsee Monji Institute of Management Studies, Mumbai |
| International Management Institute, Delhi |
| Symbiosis Institute of Business Management, Pune |

Having done MBA Finance from a top B-school can open a plethora of career opportunities for a student. This course has been specifically designed to hone the decision making skills of a person when facing a financial dilemma. And the demand for such people is higher than it ever was in these times of economic distress. It’s a money spinning degree with MNCs all around the world offering hefty packages to credible MBA Finance holders. It sure is an alluring career with amazing growth opportunities.
Having said this, it’s one of the courses that would give you an edge over others in attaining the huge ambitions that an ordinary student usually dreams of with despair. Even the biggest dream of working at the Wall Street and earning huge money can be achieved by the deserving MBA Finance degree holders!

Share your queries and experiences regarding the top colleges for MBA or regarding specialisation in Finance in the comment section below.
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]]>I stared into the darkness as its fascinating sight and aroma beckoned me closer and closer to explore its depths. As the sheer flavour of the liquid rose in the form of vapour and engulfed my nostrils, I lost all my inhibitions. With wild abandon, I pressed my lips to the edge of the cup and embraced the blistering hot concoction as it numbed my tongue with its heat. Soon, the heat faded, and the malted taste slithered over my taste buds as I reveled in silent ecstasy.
“Dude, you have been staring at that coffee for a long time! I have to rush,” remarked my friend as he pulled the coat over his shoulder and his tie hung loose from his neck.
“Ah, it’s your big day brother!” I retorted in my coffee-laden impulsiveness.
“Well, one of the many big days. These people somehow seem to have some kind of repulsion towards me. Microsoft probably did not like my hair, while Cognizant may have found the beard a bit too much.”
“Why do you say that, my friend?” I remarked as I prepared myself for another coffee-induced moment of ecstasy.
“Well, I am not sure what the problem is. I am a nice guy! I mean, I might have bunked a few classes here and there, and a few semester exams, but I love technology man. You remember Poko, right! Man, she was my baby! I spent three weeks crafting that robot dog of mine. But no, these companies want something more, it seems. I’m just not able to figure it out.”
“Well, that is why I opted for the financial sector. You can play your way around them with smooth talk and finesse. The technology buffs need to know your technical skills so they might not go for freeloaders like you.”
As I watched him struggle with the tie, I offered him one last piece of advice before he went for the interview. “Brother, take Poko with you. She might impress them!”
“I sold her bro, part by part. Had to pay for the fees, man,” he screamed as he rushed off into the pale grey building.
As I mulled over the coffee, I could not help but think about the entire placement scenario. This propelled me deeper into the prospect of understanding this intricate process. Thus, began an eventful day.

I started pondering over my friend’s lament and tried to understand what exactly I was missing out on. My research led me to a point where the only way forward was to go “full-statistical” with my concerns. When in doubt, go mathematical on that pesky little question that just refuses to fade. This is what I found through my travels into the statistical depths of placements at top MBA colleges in India.

Well, by the looks of these figures, I was left a bit spellbound. I felt like I was somehow viewing only half of the picture. This urged me to dig deeper and understand the changing trends in the placement scenario. Just to give you an insight into the world of placements, let me tell you a small but alarming fact:
PRAQTISE Fact File: According to a survey conducted by the website mbauniverse.com, it was seen that as far as average salary is concerned, most institutes are lying to us. According to the website, most institutes, including the best ones, mix both foreign as well as domestic placement figures to inflate the average salary figure. What this means is that by clubbing foreign salary estimates which are converted to rupees, in the end, the institutes can showcase much higher figures than the actual estimates. This is usually a gimmick used by most institutions to garner media attention.

This fact took me a bit aback, as I reeled back to my friend’s lament. He was an outlier but he had thoroughly grasped the CAT syllabus and exceled his way into this institute with great performances in various MBA entrance exams. The important element in this particular case was that I needed a more solid piece of evidence that could help me understand the trends of average salaries in top b schools in India. So, I decided to use the figures mentioned above to check the percentage increase in average CTC from 2015 to 2016. This way I had a more concrete basis for comparison. Here’s the analysis for you in a glimpse:
| Name of the Institute | % increase in average CTC |
| IIM-A | NA |
| IIM-B | 23.71 |
| IIM-C | 11.64 |
| XLRI | 8.82 |
| FMS, Delhi | 20.31 |
| IIM-K | 14.61 |
| IIM, Rohtak | 0.34 |
| JBIMS | 4.08 |
| IIM, TRICHY | 0.00 |
| SPJIMR, Mumbai | 5.60 |
| NMIMS, Mumbai | 3.51 |
| IIM, Raipur | 9.64 |
| SIBM, Pune | 9.04 |
| IMI, Delhi | 51.83 |
On this note, I found a direct contradiction to the start of our conversation. In almost all cases, the colleges that I had researched about had seen an increase in the average salary. This meant a direct increase in the quality and number of placements as well. Somehow, my friend’s lament seemed a bit misguided here, owing to the fact that there was a definite increase in the scope of getting placed, at least for the top b schools in India.

A PRAQTICAL Look: Most people consider placements to be a time when you have to put on your best attire and have a whole folder full of achievements, along with more than one personality development books in your bag. However, sometimes all you need is the passion for your realm of study. For instance, a student from NIT Trichy, named Aanand Srinivas talked about a friend of his who got placed into his dream automobile company, even though the entire campus had labeled him as an outlaw. He was an individual who was more inclined towards watching races and taking apart automobiles, than rote learning from engineering books like the others.
The case of this passionate student gave me a whole new perspective towards the conversation that sparked my research into placements in the first place. My friend also seemed to fit into this same category of outlaws, who have no hope of surviving any placement process. The immense stigma associated with this may have caused him to develop the lamenting perspective that he carried around. It’s a good thing that companies have also started to pay heed to outlaws and unconventional students.
As more and more companies are expanding their avenues in terms of eligibility, one cannot help but wonder how the placement process will evolve in the future. The trend for now shows that there is security in terms of placements for intellectual experts as well as for outlaws & freeloaders at top B-schools.
What do you think about the recent placement trends for MBA courses? Share your opinions in the comment section.
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