List of MBA Colleges in Himachal Pradesh Based on 2024 Ranking

The top MBA colleges in Himachal Pradesh, located amid the state's beautiful nature, include IIM Sirmaur, NIT Hamirpur, Shoolini University, Solan, and Himalayan Institute of Management, Sirmaur. These colleges, ranked by some agencies, offer MBA courses in multiple specializations including MBA in Finance and MBA in Hospital Management in Himachal Pradesh.

• IIM Sirmaur is the best MBA college in Himachal Pradesh, per NIRF ranking 2023. The institute is ranked 98th among the top Management colleges in India.
• The average fee for an MBA from these colleges is INR 1-2 lakh per year. 13 colleges in the state charge an average annual fee of more than INR 2 lakh.
• Admissions to these colleges are done through entrance exams like CAT, MAT, and HPU MAT. Check CAT Application Process.
• MBA in Himachal Pradesh University is done after one clears the rounds of the HPU MAT exam.

Learn More:  Colleges Offering Correspondence MBA in Himachal Pradesh

Listed below are the details of fees, exams, cutoff, ranking, admission process, and placements of some of these colleges.

Top MBA Colleges in Himachal Pradesh: Ranking

The ranking of the institution is done through research conducted by various ranking agencies. These agencies conduct research based on certain parameters and every agency has its methodologies. Some of the ranking agencies are NIRF, Outlook, India Today, Times, QS Ranking, etc. These agencies conduct their survey and also collect data provided by the participating institutes and release various ranking lists like Top MBA Colleges in India or best MBA Colleges in Uttrakhand based on categories like State-wise, city-wise, stream-wise, etc.

Mentioned below are some of the best colleges in Himachal Pradesh for MBAs which have been ranked by these agencies.

Top MBA Colleges in Himachal Pradesh with NIRF Ranking 2023

National Institutional Ranking Framework is a method adopted by the Indian government to rank top Education institutions in India based on various parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for different domains. NIRF is the most trustworthy and popular Ranking agency in India.

NIRF ranks the institutions across India based on 5 parameters and they are (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and, (5) Perception. The rendered pie chart below depicts the weightage of different parameters used for Ranking top colleges in India:

IIM Sirmaur is the best MBA college in Himachal Pradesh by NIRF ranking. The institute is ranked 98 among the top Management colleges in India. Tabulated below is the list of top MBA colleges in Himachal Pradesh.

Top MBA Colleges in Himachal Pradesh: Business Today Ranking 2023

Business Today and Marketing & Development Research Associates (MDRA) have jointly prepared the country’s most scientific and methodical ranking of the best B-schools Survey 2023. Based on the most recent data, the ranking provides the most credible and exhaustive rankings of India’s Best B-schools. Below is the list of top MBA colleges in Himachal Pradesh, per Business Today ranking for the year 2023.

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Top Private MBA Colleges in Himachal Pradesh

Listed below are the top Private MBA Colleges in Himachal Pradesh with their fees.

Top Government MBA Colleges in Himachal Pradesh

Check out the table below for the top Government MBA colleges in Himachal Pradesh with fee structure.

Top MBA Colleges in Himachal Pradesh: ROI (Return on Investment)

ROI is calculated based on the average annual fees of the institute and the average salary package of the institute. ROI gives an idea, of whether the investment made in the studies will be worth it or not.

*ROI={(Average Placement Package)/(Average Annual Fee)}*100%

Top MBA Colleges in Himachal Pradesh: Cutoff

The following table lists some of the best MBA colleges in Himachal Pradesh with their cutoffs.

Top MBA Colleges in Himachal Pradesh: Admission Process

There are a total of 38 MBA Colleges in Himachal Pradesh out of which 10 are public and 27 are private colleges. Admission into MBA colleges is conducted usually through the national or state-level entrance examination. Some of the exams that are accepted are HPU MAT, CAT, MAT, CMAT, etc. The exams are then followed by group discussions and personal interviews at the college level.

Source: Official Survey

Described below are some of the top MBA colleges in Himachal Pradesh in detail to help you make a better choice.

Shoolini University, Solan

Shoolini University started in 2004 but was recognized as UGC approved private university in 2009. It is accredited by NAAC with a grade of B++. The university has 12 schools and 6 academic faculties under its wings. They offer UG, PG, and doctorate-level courses in various disciplines.

• Shoolini University has been ranked among the top MBA colleges in India, with 76-100th rank by NIRF and 130th rank by Business World.
• It has been ranked 13th by ELETS among India's top Universities.
• They take admission into MBA courses through any of the recognized entrance examinations like HPU MAT, CAT, CMAT, MAT, GMAT, or any other state/national level management aptitude test. This will be followed by group discussions and personal interviews.
• Any vacant seats will be filled based on the merit of a bachelor's degree.
• Around 150 students are admitted into MBA courses every year.
• The average annual fee for an MBA course is INR 2,02,708.
• The institute offers 100% placement. The average placement package is INR 6.4 lakh and the highest package offered up till now is INR 20 lakh per annum.
• The top companies that come for recruitment are PWC, Oliver, Wyman, Samsung, Yamaha, India Today, Reuters, etc.

Source: Official Website

Top MBA Colleges in Himachal Pradesh: Entrance Exam Wise

Institutes in Himachal Pradesh accept entrance exam scores such as CAT, MAT, CMAT, HPU MAT, GMAT, NMAT, XAT, ATMA, and HPCET. Given below is a brief about the same.

Top MBA Colleges in Himachal Pradesh Accepting CAT

The Common Admission Test (CAT) is one of the most common MBA entrance exams and is conducted every year by IIMs throughout the country. The CAT 2023 exam is scheduled for November 26, 2023. The CAT application form and edit window are now closed. IIM Lucknow will release CAT admit card 2023 on October 25, 2023 (5 PM onwards). To download the hall ticket, you need to visit the official website, iimcat.ac.in 2023, and log in using your CAT user ID and password. Check how to download CAT 2023 admit card

Some of the top MBA Colleges in Himachal Pradesh accepting CAT are given below:

• Shoolini University
• Faculty of Pharmaceutical Sciences, Shoolini University, Solan
• Bahra University
• AP Goyal Shimla University

Top MBA Colleges in Himachal Pradesh Accepting HPU MAT

It is a state-level entrance test conducted for admission into MBA programs offered by 7 participating institutes. The exam is conducted by HPU Business School.

• HPU MAT is conducted once a year today. Registration starts in April.
• The exam offers about 120 seats in the 7 participating institutes.
• It is a 2-hour offline mode exam.

The question paper consists of 200 multiple-choice questions divided into 4 sections: English, Critical Reasoning, Business Environment, and Arithmetic Comprehension. Each correct answer holds 1 mark and there is no negative marking for wrong answers.

Some of the top MBA Colleges in Himachal Pradesh accepting HPU MAT are given below:

• Bells Institute of Management and Technology
• Himachal Pradesh University
• Himalayan Institute of Management
• Arni University
• Career Point University

Also, Check,

• Top MBA Colleges in Himachal Pradesh Accepting MAT
• Top MBA Colleges in Himachal Pradesh Accepting CMAT
• Top MBA Colleges in Himachal Pradesh Accepting NMAT
• Top MBA Colleges in Himachal Pradesh Accepting XAT

Top MBA Colleges in Himachal Pradesh: Placement Wise

Shoolini University is the only university ranked among the top MBA colleges in Himachal Pradesh, the institute offers 100% placement. The average salary offered to MBA graduates is around INR 6.4 lakh per annum and the highest salary offered till now is INR 64.12 lakh per annum.

Source: Official Website

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Top MBA Colleges in Himachal Pradesh for HR

Master of Business Administration or MBA in HR (Human Resource Management) is a 2-year postgraduate program and is open to individuals with a Bachelor’s degree in any stream. MBA in Human Resource Management is a popular option for candidates aspiring for a seat in B Schools in India. 

MBA in Human Resource Management is perfect for individuals with good communication skills and an ability to envision a larger picture for an organization. At present, skilled HR professionals are required in all public and private sector organizations.

Some of the top MBA Colleges in Himachal Pradesh for Human Resources are given below:

• NIT Hamirpur
• Shoolini University
• Bahra University
• Himachal Pradesh University

Top MBA Colleges in Himachal Pradesh: FAQs