LIST OF TOP MBA/PGDM COLLEGES IN PUNJAB BASED ON 2020 RANKING

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There are a number of top MBA colleges in Punjab offering full-time, part-time and correspondence MBA programs. Out of 4432 best MBA colleges in India, Punjab holds 211 full-time colleges, 3 correspondence and 1 part-time MBA college.

  • Punjab has 184 private and 30 public colleges that offer MBA.
  • Some colleges that have been featured in all ranking lists are Chitkara University, Lovely Professional University, PCTE, University Business School, Panjab University, etc.
  • The colleges providing distance education are Punjabi University Department of Distance Education Patiala, Directorate of Distance Education I.K. Gujral Punjab Technical University Jalandhar, Chandigarh Group of Colleges Mohali.
  • The best MBA college in Punjab as ranked by a number of ranking lists is Lovely Professional University.

Also, Check: Best MBA Colleges in Delhi

Top MBA Colleges in Punjab: Rankings

A number of ranking agencies and newspaper magazines publish ranking lists every year for the top MBA colleges in Punjab. Some of the agencies have a set of their own parameters on the basis of scores that are assigned, while some others conduct surveys to rank institutes.

For this article, ranking lists of NIRF, The Week, Business Today and Times B-Survey have been referred to. Rank for 2019 and rank for 2020 have been taken and compared to see how much rank difference there is.

Top MBA Colleges in Punjab: NIRF Ranking

National Institutional Ranking Framework is a ranking list that is released by the Ministry of HRD of the Government of India. The institution releases ranking lists as per different schools i.e. management ranking, engineering ranking, etc. For the table below, the ranking list of management schools for 2019 and 2020 are referred to and listed.

College Name

NIRF Ranking 2020

NIRF Ranking 2019

Change

Average Annual Fees

Lovely Professional University

49

52

+3

INR 2,32,000

Chandigarh University

51

64

+13

INR 2,25,000

Thapar Institute of Engineering & Technology 54 NP - INR 4,15,000

Chitkara University

75

75

0

INR 2,63,000

  • Lovely Professional University has topped this list. It ranks 49th among all the top MBA colleges in India.
  • Chandigarh University and Chitkara University are at ranks 51 and 75 respectively.

NIRF ranks its colleges on the basis of a set of parameters it has. It assigns scores for each parameter and a final total score. The following chart symbolizes how much each parameter weighs in the total score:

NIRF Ranking Parameters and Weightage

Top MBA Colleges in Punjab: The Week Ranking

The Week is a news magazine that publishes all the latest news in the country. It is published in Kochi, Delhi, Mumbai, Bangalore, and Kottayam. The magazine conducts a survey each year to rank the top MBA colleges in India.

The list of Punjab colleges ranked in 2019 and 2018 by The Week is given below:

College Name

The Week 2019 Rank

The Week 2018 Rank

Change

Average Annual Fees

Lovely Professional University

60

NA

-

INR 2,32,000

PCTE

79

72

-7

INR 95,350

Chitkara Business School, Chitkara University

82

112

+30

INR 2,63,000

Chandigarh Business School of Administration

104

124

+20

INR 90,000

Top MBA Colleges in Punjab: Times B School Ranking

Times B School releases annual rankings of the top b-schools in the country. For 2019, there were two colleges from Punjab ranked by the agency.

College Name

Times B School Ranking 2019

Average Annual Fees

University School of Business, Chandigarh University

64

INR 1,86,000

Apeejay Institute of Management, Technical Campus, Jalandhar

65

INR 80,750

Top MBA Colleges in Punjab: Business Today Ranking

Business Today, a part of the India Today group, is a business magazine that is published every fortnight. It has been in circulation since 1992. Every year it publishes a list of the best b-schools in India. The list of 2019 and 2018 for top b-schools of Punjab are as follows.

College Name

Business Today 2019 Rank

Business Today 2018 Rank

Change

Average Annual Fees

Chitkara Business School

74

78

+4

INR 2,63,000

PCTE

78

82

+4

INR 95,350

Lovely Professional University

83

NA

-

INR 2,32,000

University School of Business, Chandigarh University

124

139

+15

INR 1,86,000

Chandigarh Business School of Administration Mohali

173

196

+23

INR 90,000

Baba Farid College of Management and Technology

259

266

+7

INR 1,00,000

Business Today ranks the colleges based on a set of parameters they have set. The chart below demonstrates the percentages of each parameter of Business Today:

Business Today Ranking Parameters and Weightage

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

Return on Investment is defined as the returns one can expect from their jobs in relation to the annual fees they paid for their MBA programs. Here we have an average annual fee and average placement package in LPA (Lacs per annum) to calculate ROI. The ROIs for some of the MBA colleges in Punjab are as follows:

College Name

Average Annual Fees

Average Placement Package

ROI Rank*

University Business School, Panjab University

INR 18,725

INR 9,00,000

1

PCTE

INR 95,350

INR 8,00,000

2

University School of Business, Chandigarh University

INR 1,86,000

INR 16,00,000

3

Lovely Professional University

INR 2,32,000

INR 14,00,000

4

Apeejay Institute of Management, Technical Campus, Jalandhar

INR 80,750

INR 3,20,000

5

Chitkara University

INR 2,63,000

INR 6,50,000

6

*Return on Investment = {(Average Placement Package)/(Average Annual Fee)}*100%

ROI wise University Business School, Panjab University is the best in Punjab with an average annual fee of INR 18,725 and an average placement package of INR 9 Lacs.

  • Chitkara University has maintained its position as the top MBA college in Punjab after the calculation of ROI.
  • Apeejay Institute of Management Technical Campus, Jalandhar is the second university in the ROI list.

Top MBA Colleges in Punjab: Admission Process

Punjab has 184 private management colleges that offer MBA and 30 MBA government colleges.

Number of Top MBA Colleges in Punjab

The list below states the admission exams that are asked by top MBA colleges in Punjab:

Exam Name

No. of Colleges

CMAT

33

CAT

26

MAT

26

XAT

12

GMAT

8

NMAT

2

MAHCET

1

ATMA

1

CUCET

1

GRE

1

LPUNEST

1

SLIET SET

1

NIPER JEE

1

Chitkara University

The university has been counted in the top two best colleges of Punjab offering MBA. Chitkara University’s management department has topped a number of ranking lists. 

  • The university was established in the year 2008 and the campus is located at Patiala, Punjab.
  • The full-time MBA program at Chitkara University is for two years.
  • The MBA program has 11 different specializations available: Marketing, Finance and Banking, Business Analytics, HRM, Financial Markets Practice with BSE, Healthcare Management with Fortis, Pharmaceutical Management, etc.
  • Number of companies which visited: 150+ from 26 industries.
  • Pre-placement offers: 50+ and International offers: 30+
  • Major recruiters: Deloitte, Reliance, Nestle, ITC, Dabur, Airtel, Aditya Birla, Amul, Philips, HDFC Bank, Zomato, Trivago, Moody’s, Kellogg’s, etc.
Chitkara University Placement Data

Lovely Professional University

One of the biggest private universities in Punjab, Lovely Professional University has managed to secure ranks for the first time in a number of ranking agencies. It has been ranked among top MBA colleges in Punjab.

  • The university was established in 2005 by the Lovely International Trust and started classes officially in 2006.
  • LPU’s full-time MBA program is two years long and of 6 terms.
  • There are 10 specializations including general MBA and MBA honors. The specializations include MBA in Tourism and Hospitality, MBA in Financial Markets, MBA in Corporate Audit and Tax Management, MBA International Business, MBA Corporate Affairs, and Governance, etc.

Placement statistics for the recent placement drive at LPU are as follows:

  • Total number of companies visiting the campus: 562
  • Highest package: INR 28 LPA
  • Highest stipend offered: INR 50,000
  • Number of companies offering dream packages: 43
  • Top recruiters: Cognizant 1894 offers, Tech Mahindra 429 offers, Capgemini 360 offers, Amazon 258 offers, etc.
  • Other recruiters: Amazon, Air Vistara, Urban Pitara, Om Careers, Hamilton Land Developers Pvt.Ltd., Max Super Speciality Hospitals, Dr. Lal Path Lab, etc.

PCTE

PCTE Group of Institutes has an MBA degree that is highly ranked among all other top MBA colleges in Punjab. The university is over two decades old and has international students from over 42 countries.

  • PCTE’s MBA program is two years long and has over 120 plus seats.
  • There are two specializations for PCTE’s MBA program: MBA General and MBA International Business.
  • For the 2017 to 2019 batch, the placement statistics are as follows:
  • Number of companies that visited campus: 130
  • Number of companies offering salaries higher than INR 6 LPA: 19
  • Top recruiters: Crisil, Capital First, Berger Paints, Goldman Sachs, ICICI Bank, Axis Bank, Federal Bank, Godrej, Jaro Education.

PCTE Placement Data

Top MBA Colleges in Punjab: Entrance Exam Wise

Admission into all the top MBA colleges in Punjab is on the basis of entrance exam score, merit basis through quota and also through group discussions and personal interviews. The entrance examinations accepted are CAT, MAT, CMAT, XAT, GMAT, etc.

Top MBA Colleges in Punjab Accepting CAT Score

CAT or Common Admission Test is the most asked for management entrance exam score for admission into the MBA program. Lacs of students appear for the exam every single year.

  • CAT exam is held online and the exam duration is 3 hours. The paper itself is divided into 3 sections.
  • The sections and question division are Quantitative Analysis (34 questions), Verbal Ability and Reading Comprehension (34 questions) and Data Interpretation and Logical Reasoning (32 questions).
  • CAT exam is held in over 300 plus centers in multiple cities in the country.

The colleges that accept CAT score in Punjab are:

  • Lovely Professional University, Jalandhar
  • Chitkara University, Patiala
  • Punjab Institute of Management and Technology, Fatehgarh Sahib
  • Dr. BR Ambedkar National Institute of Technology, Jalandhar
  • DAV University, Jalandhar
  • Chandigarh Group of Colleges, Mohali

Top MBA Colleges in Punjab Accepting CMAT Score

CMAT or Common Management Admission Test is conducted by the National Testing Agency (NTA) every year for admission into MBA or PGDM program.

  • The exam is held in an online form and is three hours long.
  • There are a total of 100 questions that are spread out over three sections: Quantitative Techniques and Data Interpretation, Logical Reasoning, Language Comprehension, and General Awareness.
  • CMAT exam is held in over 75 cities in the whole country.

There are 33 colleges that accept CMAT score for MBA admission in Punja. Some of them are:

  • Lovely Professional University, Jalandhar
  • Chitkara University, Patiala
  • Chandigarh Group of Colleges, Mohali
  • Gian Jyoti Institute of Management and Technology, Mohali
  • DAV Institute of Engineering and Technology, Jalandhar
  • Guru Nanak Dev Engineering College, Ludhiana

Top MBA Colleges in Punjab: Placement Wise

Each college offering an MBA program holds a placement drive for its students. Placements are held during the second year for MBA students. All the top MBA colleges in Punjab had national and international recruiters.

  • The average number of recruiters in all of the top institutes was around 150 to 200.
  • The highest number of companies visited the Lovely Professional University placement drive, 562 companies.
  • The average placement package was around INR 9 LPA.

The chart below depicts all the average placement packages received by the top MBA colleges in Punjab for the recent placement drives.

CTC offered in Top MBA Colleges In Punjab (2)

Top MBA Colleges in Punjab for Finance

Finance is an ever-growing sector and employs a majority of fresh MBA graduates in banks, financial services, stock markets, etc. Finance specialization is a popular MBA specialization in Punjab and around 72 colleges have it. Some of the top MBA Finance colleges in Punjab are:

  • Lovely Professional University, Jalandhar
  • Guru Nanak Dev University, Amritsar
  • Chitkara University, Patiala
  • Chandigarh Group of Colleges, Mohali
  • School of Management Studies, Punjabi University, Patiala

Top MBA Colleges in Punjab for Marketing

Marketing is needed in all companies and it is a popular specialization for MBA aspirants. In Punjab, over 77 colleges have an MBA in Marketing specialization. Some of the colleges are:

  • Indian School of Business, Mohali
  • Guru Nanak Dev University, Amritsar
  • Chandigarh Group of Colleges, Mohali
  • Chitkara University, Patiala
  • School of Management Studies, Punjabi University, Patiala

Also, check

Top MBA Colleges in Punjab: FAQs

Ques. Which is the best college for MBA in Punjab?

Ans. Chitkara University’s MBA program has been ranked first by many agencies closely followed by Lovely Professional University and PCTE.

Ques. What are the fees for MBA in Punjab?

Ans. MBA fees for any college in Punjab ranges from INR 18,725 to INR 2.63 Lacs.

Ques. Which MBA specialization is the best?

Ans. Currently, MBA in Business Analytics is in demand closely followed by Finance, Marketing, and HR.

Ques. Which college has the highest CTC in Punjab?

Ans. The highest CTC has been recorded from the University School of Business, Chandigarh University followed by Lovely Professional University.

Ques. Which entrance exam is required for MBA admission in Punjab?

Ans. Admission in most MBA colleges in Punjab is on the basis of entrance exams like CAT, MAT, CMAT, XAT, GMAT, etc. Others admit students on the basis of merit.

Ques. Is Lovely Professional University good for MBA?

Ans. Lovely Professional University has been ranked for the first time in a number of ranking lists for 2020 and that too in high ranks.

Ques. What is the duration of a full-time MBA degree?

Ans. A full-time MBA degree is delivered over two years in 4 to 6 semesters in total.

Ques. Are there any distance education MBA Colleges in Punjab?

Ans. There are three colleges that offer an MBA course through the distance in Punjab and 1 that has a part-time MBA.

Ques. How many public colleges are there offering MBA in Punjab?

Ans. There are 184 private MBA colleges and 30 colleges that are public that offer MBA in Punjab.

Ques. Is PCTE the best college for MBA in Punjab?

Ans. PCTE is one of the top three MBA colleges in Punjab after Chitkara University and Lovely Professional University.

Reviews

A
8.7 /10

Placement Experience :

The one thing you have to least worry about at IIM Amritsar is placements. It has 100% placements year after year. From the average being at 12.61 LPA to upwards of 50 LPA it is growing every year. Students from the batches performing exceptionally well in their respective profiles has been a testament of the talent brewed in the institute and thus many reputed recruiters are finding their way to Amritsar to tap the talent. Top recruiters include HDFC Bank, Thomas Cook, Motilal Oswal, Essar etc

Course Curriculum Overview :

For the first year every student has to study the same courses and as you progress in the second year you get a chance to select a choice of your specialisation. I did it in marketing. There is also a compulsory internship in the summer where we study how to apply theory to the practical grounds. the internships are with leading companies the country gives a lot of insight on corporate world. The course is designed with keeping the new and up keeping trends in market.

Admission :

I always wanted to achieve big things in life and being in the top business school in India was one of them. IIM Amritsar made a college student into a leader. The first step was cracking CAT. After that when you think it is all easy it actually gets tough. The PI and written test was the big leap.In the final selection, a low weightage is given to the CAT score in comparison to a higher weightage for PI-WAT round, academics, work experience among other parameters.

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Ludhiana, Punjab