The top MBA colleges in Himachal Pradesh, located amidst the beautiful Nature of the state, include names like 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.

• The average fee for an MBA from these colleges is INR 1-2 lakh per year. There are 13 colleges in the state that 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 own methodologies. Some of the ranking agencies are NIRF, Outlook, India Today, Times, QS Ranking, etc. These agencies conduct their own 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: NIRF Ranking 2022

National Institutional Ranking Framework is a method adopted by the Indian government to rank top Education institutions in India on the basis of 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 2022. The institute is ranked 69 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 World Ranking

Business World has also ranked only Shoolini University among the top MBA colleges in Himachal Pradesh in 2019.

• The institute has been given a rank of 130 in 2019. This is the same rank that it secured in 2018 also.
• Shoolini University gives admission on the basis of various state level and national level entrance exams including HPCMAT, CAT, MAT, NMAT, and GMAT.
• The institute also conducts rounds of group discussion (GD) and personal interviews (PI).

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 34 MBA Colleges in Himachal Pradesh out of which 19 are public and 15 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 in 2019, 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 on the basis of 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

It is a national-level, management aptitude test conducted for admission into MBA/PGDM courses in IIMs and 600+ B-schools across India. CAT is conducted by one of the IIMs on a rotational basis.

• It is a computer-based exam conducted once a year in the month of November. The registrations start in August.
• The exam is conducted in 156 cities across India and around 2.44 lakh students appear for the exam every year.
• The question paper consists of 3 sections: Verbal Ability & Reading Comprehension [VARC], Data Interpretation & Logical Reasoning [DILR], and Quantitative Ability [QA].

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 in the month of May. 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 20 lakh per annum.

Source: Official Website

The stream in MBA you choose matters a lot and depends on the college as various colleges have reputations for specific streams. Given below is a brief about the same.

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