Top MBA Colleges in PunjabåÊBased on 2023 Ranking
| Updated On - Dec 31, 2022
Top MBA Colleges in Punjab include Lovely Professional University, Chandigarh University, LM Thapar School of Management, IIM Amritsar, Chitkara University, etc. Punjab has 281 MBA colleges including 178 private and 21 Government colleges. There are 194 full-time and 7 part-time MBA colleges in Punjab.
- Lovely Professional University is the best MBA college in Punjab with a rank of 34 in the NIRF rankings for 2022.
- Some colleges that have been featured in all ranking lists are IIM Amritsar, Chitkara University, Lovely Professional University, PCTE, 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, and Chandigarh Group of Colleges Mohali. Check Best MBA Colleges in Delhi
Top MBA Colleges in Punjab: Rankings
Every year, various ranking agencies like NIRF, Economic Times, Business Today, The Week, and many more releases the list of top engineering colleges. These rankings are based on different parameters like - Teaching, Learning & Resources, Graduation Outcomes, Facilities, and many more.
Top MBA Colleges in Punjab: NIRF Ranking 2022
National Institutional Ranking Framework also known as NIRF is a methodology adopted by the Indian government to rank top Education institutions in India. NIRF ranks an Institute based on 5 different parameters. It is under the Ministry of Education. Every year NIRF publishes ranking lists of top Institutions in India for 8 different domains. NIRF is the most trustworthy and popular Ranking agency in India.
- Lovely Professional University has topped this list. It ranks 34th among the top MBA colleges in India as per the NIRF ranking 2022.
- Chandigarh University and LM Thapar School of Management are at ranks 40 and 53 respectively.
| NIRF Ranking 2022 | College Name | NIRF Score |
|---|---|---|
| 34 | LPU - Lovely Professional University | 54.30 |
| 40 | Chandigarh University (CU) | 53.23 |
| 53 | LM Thapar School of Management | 50.11 |
| 55 | IIM Amritsar - Indian Institute of Management, Amritsar | 49.88 |
| 80 | Chitkara University, Chandigarh | 44.74 |
NIRF ranks its colleges based on 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:
Top MBA Colleges in Punjab: The Times Ranking 2022
The Times is the largest-selling English-language daily newspaper in the world and the third-largest newspaper in India by circulation. Optimal Media Solutions - The Times has partnered with Avance India to conduct a ranking survey. Every year it publishes a list of Top Engineering colleges in India to help students to select the right college for them. The Times survey is based on different parameters to rank a college like Education Quality, Infrastructure, Placement, etc.
Chandigarh School of Business Jhanjeri - Mohali is one of the top private MBA colleges in India as per the Times Ranking 2022. The Institute has a seat intake of 240 for MBA/ PGDM courses.
- There are 5 MBA colleges from Punjab ranked by The Times. Chandigarh School of Business Jhanjeri - Mohali is the best MBA college in Punjab and is ranked 41 among the top MBA colleges in India.
- Chitkara Business School Rajpura has secured 58th place followed by Chandigarh Business School of Administration Landran at 76th position.
- Punjab College of Technical Education Ludhiana is spotted at 83rd place in the list of top Management colleges in India released by The Times.
- Indian Institute of Management - Amritsar is one of the best MBA colleges in Punjab. It is ranked 97 and is the only government MBA college in Punjab ranked by The Times.
Tabulated below are the Top MBA colleges in Punjab ranked by The Times 2022 Ranking.
| The Times Ranking 2022 | College Name |
|---|---|
| 41 | Chandigarh School of Business, Jhanjeri, Mohali |
| 58 | Chitkara Business School, Rajpura |
| 76 | Chandigarh Business School of Administration, Landran, Mohali |
| 83 | Punjab College of Technical Education, Ludhiana |
| 97 | Indian Institute of Management, Amritsar |
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 top b-schools of Punjab is 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:
Top MBA Colleges in Punjab: ROI (Return on Investment)
Return on Investment is defined as the returns one can expect from their jobs about 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 on the ROI list.
Top MBA Colleges in Punjab: Admission Process
Punjab has 184 private management colleges that offer MBA and 30 MBA government colleges.
The list below states the admission exams that are asked by top MBA colleges in Punjab:
|
Exam Name |
No. of Colleges |
|---|---|
|
33 |
|
|
26 |
|
|
26 |
|
|
12 |
|
|
8 |
|
|
2 |
|
|
1 |
|
|
1 |
|
|
1 |
|
|
1 |
|
|
1 |
|
|
1 |
|
|
1 |
Chitkara University
The university has been counted in the top two best colleges of Punjab offering an MBA. Chitkara University’s management department has topped several ranking lists.
- The university was established in the year 2008 and the campus is located in 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.
- The number of companies that 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.
Lovely Professional University
One of the biggest private universities in Punjab, Lovely Professional University has managed to secure ranks for the first time in several ranking agencies. It has been ranked among the 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 in International Business, MBA in 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
- The 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, and Jaro Education.
Top MBA Colleges in Punjab: Entrance Exam Wise
Admission into all the top MBA colleges in Punjab is based on entrance exam scores, 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 appears for the exam every single year.
- The CAT exam is held online and the exam duration is 3 hours. The paper itself is divided into 3 sections.
- The sections and question divisions are Quantitative Analysis (34 questions), Verbal Ability and Reading Comprehension (34 questions), and Data Interpretation and Logical Reasoning (32 questions).
- The CAT exam is held in over 300 plus centers in multiple cities in the country.
The colleges that accept CAT scores 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 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.
33 colleges accept CMAT scores 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 accepting CMAT | Top MBA Colleges in Punjab accepting CAT |
| Top MBA Colleges in Punjab accepting MAT | Top MBA Colleges in Punjab accepting XAT |
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.
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 range 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 to most MBA colleges in Punjab is based on entrance exams like CAT, MAT, CMAT, XAT, GMAT, etc. Others admit students based on merit.
Ques. Is Lovely Professional University good for MBA?
Ans. Lovely Professional University has been ranked for the first time in several 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. Three colleges offer an MBA course through the distance in Punjab and 1 one has a part-time MBA.
Ques. How many public colleges are there offering MBAs 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.
Top MBA Colleges in PunjabåÊBased on 2023 Ranking
![Lovely Professional University - [LPU]](https://static.zollege.in/public/college_data/images/appImage/1611655411classrooms.png?tr=h-208,w-263,c-force)
![Lovely Professional University - [LPU] logo](https://static.zollege.in/public/college_data/images/logos/15577242161545129260LPUseal.jpg?tr=h-60,w-60,c-force)
Lovely Professional University - [LPU]
Jalandhar, Punjab | NCTE, UGC, COA, PCI, IAP Accredited
MBA/PGDM
₹ 3.80 Lakhs
![Chandigarh Business School of Administration - [CBSA]](https://static.zollege.in/public/college_data/images/appImage/17452_CBSM_APP.jpg?tr=h-208,w-263,c-force)
![Chandigarh Business School of Administration - [CBSA] logo](https://static.zollege.in/public/college_data/images/logos/1516880588Logo.jpg?tr=h-60,w-60,c-force)
Chandigarh Business School of Administration - [CBSA]
landran, Punjab | AICTE Accredited
MBA/PGDM
₹ 92.00 K
![Chitkara University - [CU]](https://static.zollege.in/public/college_data/images/appImage/1594119075Web2020Head60.jpg?tr=h-208,w-263,c-force)
![Chitkara University - [CU] logo](https://static.zollege.in/public/college_data/images/logos/1594118848chitkarauniversitylogo.png?tr=h-60,w-60,c-force)
Chitkara University - [CU]
Patiala, Punjab | NCTE, UGC, COA, PCI, INC Accredited
MBA/PGDM
₹ 5.63 Lakhs