List of MBA Colleges in Vadodara Based on 2024 Ranking

The top MBA colleges in Vadodara give both full-time and vocational MBA education to students coming from different parts of the country.

• There are a total of 13 colleges, out of which only 3 are public and 10 are private MBA colleges in Vadodara.
• These top colleges include Maharaja Sayajirao University of Baroda [MSU], one of the oldest universities in India.
• Some other members are Navrachana University [NUV], Parul University, and ITM Vocational University.
• MSU Vadodara has consistently been ranked as the best MBA college in Vadodara for years.

Top MBA Colleges in Vadodara: Rankings

There are plenty of ranking agencies in India that release the list of top MBA colleges in India every year. These agencies also release other ranks like the top engineering colleges in India. These rankings are based on various parameters like Faculty Quality, Placements, Exam Patterns, Perception of the University, Gender Diversity, etc.

These agencies release rankings for various categories like course-wise, state-wise, city-wise, etc. Separate ranking lists are also released for private universities and public (government) universities. Mentioned below are the top MBA colleges in Vadodara rankings as released by some of the top college/university ranking agencies in India.

Top MBA Colleges in Vadodara with The Times Ranking

The Times is an Indian English daily newspaper and digital media and one of the most trustworthy and largest-selling English language daily newspapers in the world. Optimal Media Solutions - The Times has partnered with Avance India to conduct a survey every year and releases a list of Top Education Institutions in India for different domains. Rankings given by The Times to any college are based on various factors like Education Quality, Facilities, Faculties, Placements, Infrastructure, etc.  

Parul Institute of Management And Research Vadodara is one of the best private MBA colleges in India. It is the only Management college in Vadodara ranked by the Times in the list of top B-Schools in India. The college has a seat intake of 420 for MBA courses. Parul Institute of Management And Research Vadodara is ranked 116 on the list of top MBA colleges in India.

Top MBA Colleges in Vadodara: QS Ranking

QS University rankings are released in advance by the agency. The list of top universities has already been released.

• Out of all the top MBA colleges in Vadodara, only MSU Vadodara has been included in the list.
• The institute has been listed in the rank band 76-80 in the list.
• In the QS University Rankings for India, MSU Vadodara was listed in the rank band of 66-70.
• This can be supposed to be a drop of 6-14 ranks or an average of 10 ranks.
• No other MBA college/university from Vadodara has been included in this list.

QS (Quacquarelli Symonds) is a British company specializing in education that releases a list of global university rankings every year.

• Since last year, QS has been releasing ranks specifically for Indian universities.
• QS also releases many other ranks including those of BRICS nations, Mainland China, Japan, etc.
• QS University rankings are based on 8 different indicators.

The chart below names these 8 indicators and also compares their weightage.

Source: QS Official Website

Top MBA Colleges in Vadodara: Business Today Ranking

Business Today is a fortnightly magazine in India publishing since 1992. The magazine releases a list of top MBA colleges in India every year.

• Business Today has mentioned 2 MBA colleges from Vadodara in its ranking list this year.
• ITM Vocational University has been ranked 155 in India while MSU Vadodara has been ranked 247.
• MSU Vadodara has shown an improvement of 15 ranks this year compared to the Business Today Ranking.
• The institute has also been ranked as the 31st best Government B School in India by the ranking agency.
• Also, it has been mentioned as the 7th position in India in terms of ROI (Return on Investment)
• ITM Vocational University did not participate in Business Today’s survey.

Top MBA Colleges in Vadodara: ROI (Return on Investment)

ROI or Return on Investment shows how profitable it is to pursue a particular course from a particular university. The return you get (placement package) on the money you invest (fee) should always be an important factor before choosing an institute. The following table lists the top MBA colleges in Vadodara in order of the ROI they offer.

• MSU Vadodara ranks as the best MBA college in VadodaROI-wiseise.
• It was also ranked as the 7th best MBA college in IndROI-wiseise.
• Parul University ranks 2nd in Vadodara. The institute charges an average fee of INR 1,80,000 for the 2 years of an MBA and offers an average placement package of INR 3,20,000.
• Other entrants are NUV and ITM Universe.

Top MBA Colleges in Vadodara: Admission Process

There are a total of 13 colleges in Vadodara. Out of these, 3 are public, i.e., government-funded, while 10 are private MBA colleges. The following chart compares the number of private and public MBA colleges in Vadodara.

Source: Official Survey

Admissions to these colleges are based on of various top MBA entrance exams. Some institutes might give admission on the merit basis or after considering some other factors for special students.

The following table shows the number of top MBA colleges in Vadodara accepting the score of different exams.

ITM Vocational University

ITM Vocational University, Vadodara is a part of the Group of Institutions from Mumbai which has campuses located in multiple cities across India.

• The institute has been ranked as the best MBA college in Vadodara by Business Today.
• ITM Vocational University offers a special iConnect MBA program in 3 specializations: Marketing, Finance, and Human Resources.
• The institute also offers an MBA in Financial Markets with a seat intake capacity of 60. This program remains in high demand.
• The iConnect MBA program includes a 5-month internship in the curriculum and a 1-month project with an NGO as a part of CSR (Corporate Social Responsibility) activity.

ITM Vocational University has completed its placements and has achieved 100% results. The university also offers scholarships to deserving students based on the results t of the Vidyadhan Scholarship Test (VST). The following table gives details of this.

Parul University

Parul University was established in 2015 by the Parul Arogya Seva Mandal Trust. The university has been recognized, appr moved, and accredited by multiple authorities including UGC, AICTE, NAAC, NBA, COA, BCI, MCI, PCI, etc.

• The university has been ranked among the top private MBA colleges in India by many agencies including Outlook, India Today, Times B School, and Business Standard.
• The university has a total of 540 seats in its MBA program after combining the seats of all the institutes under it. This is described in the table below.
• Parul University offers MBA in 17 different specializations including Big Data Analysis, Tourism, Agribusiness Management,and  Business Analytics, or to extend a helping hand to students, the university offscholarshipsship worth INR 5 crore every year.
• With its “International Students Affairs Cell”, the university has been hosting around 1200 international students from 49 countries in Africa, Europe pe, Gulf, and South East Asia.

At Parul University, Vadodara, 75% of the seats are filled by the Admission Committee of the respective courses, while the remaining 25% of seats under different quotas are filled according to merit.

For the placements, 107 companies visited Parul University and collectively achieved a 100% placement result.

• The highest CTC offered was INR 12 lakh while the average CTC was INR 3.6 lakh.
• The top recruiters were Federal Bank and BYJU.
• With a total of 107 offers for this batch, Oriqa Ltd. was the top recruiter with 13 accepted offers.

The following chart shows the no. of companies visiting the campus in the past years and the number of students getting selected.

Source: Parul University Official Website

The highest placement for this batch has been registered in the Marketing specialization with 64 offers. The following chart compares the number of offers made in different specializations.

Source: Parul University Official Website

Top MBA Colleges in Vadodara: Entrance Exam Wise

Admission to these top MBA colleges in Vadodara is mainly done through 4 popular national-level MBA entrance exams. These exams include CAT, CMAT, XAT, and MAT. So far, Gujarat does not organize any state-level entrance exam for admission to the top MBA colleges in Gujarat. Mentioned below are some of these colleges according to the entrance exam score they accept and the entrance exam scores they don’t accept.

Top MBA Colleges in Vadodara Accepting CAT Score

CAT or Common Admission Test is a national level and the most important entrance exam for pursuing MBA in India.

• Every year more than 2 lakh students appear for the CAT exam.
• The exam is for 3 hours and has 3 different sections, Verbal Ability & Reading Comprehension (VARC), Data Interpretation & Logical Reasoning (DILR), and Quantitative Analysis (QA).

There are 4 top MBA colleges in Vadodara accepting the score of the CAT exam. These are listed below.

• ITM Vocational University
• Parul University
• Parul Institute of Management
• Parul Institute of Management and Research

Top MBA Colleges in Vadodara Accepting CMAT Score

CMAT or Common Management Admission Test is conducted by the National Testing Agency (NTA) for admissions in MBA/PGDM programs in 1000+ colleges.

• Candidates with a graduation degree in any discipline are eligible to apply for the CMAT exam.
• The admission fee is INR 1600 for general category boys and INR 1000 for girls.
• The exam’s duration is 3 hours and it consists of 100 questions. These are divided into 4 different sections.

Following are some of the top MBA colleges in Vadodara accepting CMAT scores.

• Maharaja Sayajirao University [MSU], Vadodara
• CK Shah Vijapurwala Institute of Management [CKSVIM], Vadodara
• Navrachana University [NUV], Vadodara
• ITM Vocational University, Vadodara

Also, Check,

Top MBA Colleges in Vadodara: Placement Wise

Almost every college has completed its placement season this year for both final placements and summer placements. Most of the top management colleges in India are now eyeing placements. These colleges witness some of the top recruiters from entire India visiting their campus every year.

• The average number of recruiters for a particular university varies from 80-100.
• Most of the top MBA colleges in Vadodara get an average placement package of around INR 3-5 lakh.

The following chart shows the CTCs offered in some of these top MBA colleges.

Source: Institute Official Websites

The top recruiters offering attractive packages in these colleges are:

The MBA specialization you choose also matters a lot when it comes to placements. MBA Marketing is the most lucrative MBA specialization as most recruiters look for candidates from this field. Check the top MBA colleges in Vadodara streamwise.

• Top MBA Colleges in Vadodara for Marketing
• Top MBA Colleges in Vadodara for Finance
• Top MBA Colleges in Vadodara for Human Resource Management
• Top MBA Colleges in Vadodara for Information Technology
• Top MBA Colleges in Vadodara for Entrepreneurship

Top MBA Colleges in Vadodara for Marketing

Marketing comes out to be the most lucrative MBA specialization. Most of the recruiters visiting a college campus are from the marketing field.

• More than 60% of recruiters visiting a particular campus for MBA placements are from the Marketing sector.
• India’s marketing sector is the 2nd fastest-growing market in entire Asia. The advertising and marketing sector is expected to cross the $10 billion mark.
• The sector is growing at a rate of 33.5% compound annual growth rate (CAGR).

Some of the top MBA colleges in Vadodara for Marketing are:

• Maharaja Sayajirao University [MSU], Vadodara
• ITM Vocational University, Vadodara
• Parul University, Vadodara
• Sardar Patel Institute of Management Science and Technology [SPIMST], Vadodara

Top MBA Colleges in Vadodara for HR

HR or Human Resource Managers are the most important part of a company as they ensure that the day-to-day activities are carried out smoothly and that there is always support for the employees.

• Currently, India’s HR industry is growing at a rate of 21%.
• Statista’s survey revealed that 72% of global managers believe digital HR to be an important component of the corporate world.
• Also, around 83% of the companies in South-East Asia have prioritized their HR tech advancements and HR management software.

Some of the top MBA colleges in Vadodara for HR are:

• Maharaja Sayajirao University [MSU], Vadodara
• Navrachana University, Vadodara
• C.K. Shah Vijapurwala Institute of Management [CKSVIM], Vadodara
• ITM Vocational University, Vadodara

Top MBA Colleges in Vadodara: FAQs