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Pranjal Singhal

Content Curator | Updated on - Aug 17, 2021

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.
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Top MBA Colleges in Vadodara: Rankings

There are plenty of ranking agencies in India which 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 Pattern, 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 top MBA colleges in Vadodara rankings as released by some of the top college/university ranking agencies in India.

Top MBA Colleges in Vadodara: NIRF Ranking

The National Institutional Ranking Framework (NIRF) is the most trusted ranking agency in India. NIRF surveys are conducted by the HRD Ministry, Govt. of India every year. These rankings are released for different categories including Universities, Colleges, Management, Engineering, Pharmacy, etc.

  • MSU Vadodara [Maharaja Sayajirao University] is the only institute mentioned in the NIRF ranking list 2020.
  • However, the institute is mentioned in the overall college list and not the management list.
  • In the overall list aslo, MSU Baroda is mentioned in the 151-200 rank band along with Nirma University.
  • MSU Vadodara’s best performance was in 2016 when NIRF ranked it as the 76th best university in India.

NIRF rankings are based on various parameters. These parameters and their weightage are shown in the chart below. Also, it compares these weightages with that considered in 2017.

NIRF Ranking Parameters

Source: NIRF Official Website

Top MBA Colleges in Vadodara: QS Ranking

QS University rankings are released in advance by the agency. The list of top universities in 2020 has already been released.

College Name QS India Rank 2020 QS India Rank 2019 Change Average Annual Fee
MSU Vadodara 76-80 66-70 -(10) INR 14,500
  • 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 of 76-80 in the 2020 list.
  • In the QS University Rankings for India 2019, 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 which releases the 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.

QS University Ranking Parameters

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.

College Name Business Today Ranking 2019 Business Today Ranking 2018 Change Average Annual Fee
ITM Vocational University 155 (Not Participated) - INR 62,000
MSU Vadodara 247 262 +15 INR 14,500
  • 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 2018.
  • The institute has also been ranked as the 31st best Government B School in India by the ranking agency.
  • Also, it has been mentioned at the 7th position in India in terms of ROI (Return on Investment)
  • ITM Vocational University did not participate in Business Today’s survey in 2018.

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 ROI they offer.

College Name Average Annual Fee Average Placement Package ROI Rank*
MSU Vadodara INR 14,500 INR 4,00,000 1
Parul University INR 90,000 INR 3,20,000 2
CKSVIM Vadodara INR 1,09,000 INR 3,00,000 3
Navrachana University INR 1,03,000 INR 2,40,000 4
ITM Universe INR 1,95,000 INR 2,80,000 5
  • MSU Vadodara ranks as the best MBA college in Vadodara ROI wise.
  • It was also ranked as the 7th best MBA college in India ROI wise.
  • Parul University ranks 2nd in Vadodara. The institute charges an average fee of INR 1,80,000 for the 2 years of 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.

Top MBA Colleges in Vadodara

Source: Official Survey

Admissions to these colleges are done on the basis 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 ITM-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 in 2019.
  • 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 2016-18 batch placements and has achieved 100% results. The university also offers scholarships to deserving students based on the result of Vidyadhan Scholarship Test (VST). The following table gives details of this.

Rank Prize
1st Rank Cash Prize of INR 50,000 or 100% waiver in Tuition Fee of First Year
2nd & 3rd Rank Cash Prize of INR 25,000 or 100% waiver in Tuition Fee of First Year
4th to 10th Rank Cash Prize of INR 10,000 or 100% waiver in Tuition Fee of First Year
11th to 20th Rank Cash Prize of INR 7,500 or 50% waiver in Tuition Fee of First Year
21st to 50th Rank Cash Prize of INR 5,000 or 30% waiver in Tuition Fee of First Year
51st to 100th Rank 20% waiver in Tuition Fee of First Year

Parul University

Parul University was established in 2015 by the Parul Arogya Seva Mandal Trust. The university has been recognized, approved 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, Business Analytics, etc.
  • In order to extend a helping hand to students, the university offers scholarship worth INR 5 crore every year.
  • With its “International Students Affairs Cell”, the university has been hosting around 1200 international students from 49 countries of Africa, Europe, Gulf and South East Asia.
Institute Name MBA Seat Intake
Parul Institute of Management and Research 300
Parul Institute of Engineering and Technology 180
Parul Institute of Management 60

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

For the placements of 2018-19 batch, 107 companies visited Parul University and collectively they 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’s.
  • 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.

parul university mba placement

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.

Parul University MBA Placements Specialization Wise

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 in 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 CAT exam.
  • The exam is for a duration of 3 hours and has 3 different sections, Verbal Ability & Reading Comprehension (VARC), Data Interpretation & Logical Reasoning (DILR), and Quantitative Analysis (QA).
  • CAT 2020 will be conducted on November 29 by IIM Indore.

There are 4 top MBA colleges in Vadodara accepting the score of 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 score.

  • 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 towards placements 2020-21. 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.

CTCs offered in Top MBA Colleges in Vadodara

Source: Institute Official Websites

The top recruiters offering attractive packages in these colleges are:






Alembic Pharmaceuticals

ICICI Prudential Pvt. Ltd.

Kotak Mahindra Bank


ATOS Origin






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

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 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 by the end of 2020.
  • The sector is currently growing at a rate of 33.5% in terms of 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 in a smooth way and that there is always support for the employees.

  • Currently, India’s HR industry is growing at a rate of 21%.
  • Statista’s survey in 2016 revealed that 72% of the 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

Ques. Which is the best MBA college in Gujarat?

Ans. IIM Ahmedabad is the best MBA college in Gujarat. Others include Nirma University, Ahmedabad, GNLU Gandhinagar, etc.

Ques. Which are the best MBA colleges in Vadodara based on ROI?

Ans. According to the ROI (Return on Investment) factor, the best MBA college in Vadodara is Maharaja Sayajirao University [MSU], Vadodara. Other top entrants are Parul University and CKSVIM Vadodara.

Ques. Which are the top MBA colleges in Vadodara accepting CMAT?

Ans. These are some of the institutes accepting CMAT score:

  • MSU Baroda
  • CKSVIM Vadodara
  • ITM Universe

Ques. How is FMS Baroda?

Ans. FMS Baroda is a good institute offering MBA education in the city.

  • It is the best MBA college in Vadodara ROI wise.
  • The institute charges a fee of INR 14,500 for the 2 year MBA program.
  • Average placement package from this institute is INR 4 lakh.

Ques. Which are the top MBA colleges in Vadodara for Finance?

Ans. The top MBA colleges in Vadodara for Finance are:

  • MSU Baroda
  • ITM Vocational University
  • Sigma Institute of Engineering

Ques. Which colleges in Vadodara offer MBA in Entrepreneurship?

Ans. There are 3 colleges offering MBA in Entrepreneurship here:
  • Parul University
  • Parul Institute of Management and Research
  • CKSVIM Vadodara


9.7 /10

Campus Life :

ITM Vocational University, Vadodara gives it's students and alumni a great college life experience. Our college host many public health campaigns life free eye-checkups, blood donation camps, tree plantation, etc. There are many events which help the students in building networks like hackathons, workshops, talent hunts. Previous year, the college hosted a GUJCOST sponsored National Workshop on computer Networks: Design and Simulation will provide comprehensive learning experience in order to enhance skills in computer networking design for better career opportunities.

Placement Experience :

The placement cell at the University is really a great launching platform for all of the students as it makes us industry ready by give us several practice sessions of the interviews and tips on how to cope up with others. Myself and my fellow classmates were provided opportunities to participate in and even sometimes bag positions, whether it maybe studies, projects based learning, conferences, paper publishing, each and every activity which can shape us. Finally, I would like to say, ITMVU shaped me to be a better person, taught me the actual teamwork.

Course Curriculum Overview :

The best thing about this college is that it provides a speciaisation in Data Science and Cloud Computing, both of which are in great demand in the IT industry and I think that itself is a huge plus point. ITM Vocational University has sufficient labs for all the courses available here. The Institute also provides some of the basic courses like mechatronics, electrical, civil, mechanical etc. We have 2 exams per semester one internal exam of 20% marks and one external exam of 80% marks and also an oral exam.

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6.4 /10

Campus Life :

over my collage duration their was lot of event were their, some of them are organized by our collage & some of them organized by other collages/company even in our collage also visited by radio mirchi RJ akash sir, yea it was quite entertaining. In our library most of books are their which are commanded by syllabus and if you not found any book try to search on our collage own library catalog/browser/website Our most of all the classroom equipped with projector system and and some of the classes are based on theater system (seat level is higher at the end and lower at start) which will effortlessly allow you to learn properly i don't know about any social group,clubs or website which run by students.

Placement Experience :

honestly i didn't get chance to attend campus placements because of my backlogs, but their has to be something needs to change like every can/able get a chance to campus placement, their has to something like this kind of feature i'm proposing. rockman,IBM, inoxcva etc i don't know much more because my three friends are in these company's i don't know about average package as of i did not attended campus placement sometimes 100:5 100:1 it varies upon companies like IBM it took +-20

Course Curriculum Overview :

i'd chosen mechanical because i wanted to be product designer, about the faculty to student ratio , i would say if you open with them then they open with you , our most of all faculty members are Mtech and some of them are Phds, i truly love their teaching methods because they totally different.

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7.0 /10

Course Curriculum Overview :

BBA is an open course I believe because there are subjects of commerce, arts and science too, therefore, I took it. Talking about the faculty, they are really great. Around 90% of my faculty teaches very well and all of them provide materials too. When I was in the first year, the student-faculty ratio was 50:1 but now when I'm in the second year the ratio has increased to 75:1 as they made two classes now which was 3 in the first year. They teach us mainly through presentations. The exams are conducted on a timely basis, End semester exams are compulsory obviously but mid-semesters are not compulsory. The internals consists of 60 marks and Externals are of 40 marks. The internals is covered through tests and assignments. Talking about the difficulty level it is mostly easy but could be tough for few subjects like IT and QT. For me it was easy as I took notes in all the classes and didn't studied much before exams as I had my notes.

Campus Life :

In my department, the committee organises Eclipse in march which is the BBA department's fest it goes for a week and consists of many business-related competitions and sports tournaments. Apart from that, a talent hunt competition is also held every year mostly in august or September and there is Feb Fest in February. In sports mainly cricket and football are always organised and there is actually the whole university's sports day held in the month of January which consists of track and field events and some indoor games. The University has a cultural club which celebrates various festivals and auspicious events. The college library is also nice, not huge not too small most of the books are available there. In classrooms, we have a projector and computer.

Internships Opportunities :

In my course, there are two internships which we have to do. First is the social internship at the end of the first year and the second is the corporate internship which is at the end of the second year. Unfortunately, due to COVID -19 I was unable to go for my social internship but before that, the college does provide you with internship organizations where you can apply or you can also find it on your own.

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8.8 /10

Campus Life :

The faculty conducts annual youth program in the month of January, where various kinds of activities and programs are conducted. The faculty has one of the oldest, largest, and renowned library of india, students can ask and find any book & journals of there need. The classroom are well furnished with wooden benches and large green board, the classrooms also have Fan and air conditioning facilities. Faculty provides facility of sports to students and staff, interested students can get the required training in athletics, swimming, badminton, basketball, football, tabletenis, hockey, cricket with dedicated grounds. The faculty also provides gym facility to promote social intercourse amongst the students of the Union by developing the Union as a club for the students to grow social interest of students generally by maintaining a library, a reading-room, a writing-room, a games-room and a refreshment room; to maintain a co-operative banter and to promote social service.

Course Curriculum Overview :

A B.Com degree is structured to provide the students managerial skills in disciplines related to commerce. Also, by the end of the program, students gain an in-depth knowledge on core subjects like accounting, law, statistics, finance, marketing In each class there are approximately 60-70 students The teachers of the faculty have experience in teaching of more than 10-15 years, the teachers make you understand the concepts through all kind of languages and inputs. Here examination are divided into two parts per semester, namely internal examinations which are MCQ based questions of 30 marks. They are conducted around sept-oct(odd sem) and feb-march(even sem), and the second examination is end semester examination which is a subjective detailed Exams of 70 marks, it is conducted around nov-dec(odd sem) and April-May(even sem), the examination are quite easy to crack if you attend the class and revise the study on timely basis

Placement Experience :

The faculty doesn't provide you campus placement but after graduating from B.COM the future ahead is quite bright, as the college is renowned it gets easy for you to apply for a job in a good company. Every year, many private and government banks hires the fresh graduates. Candidates can work in public as well as in private sector. You can apply for government jobs like bank, UPSC, etc. The course also prepares the students for CA and CS. Anyone can also pursue for master degree program.

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