Top MBA Colleges in VisakhapatnamåÊBased on 2023 Ranking
| Updated On - Dec 31, 2022
The top MBA colleges in Visakhapatnam (or the top MBA colleges in Vizag) include IIM Visakhapatnam, GITAM Institute of Management, Andhra University, AQJ Centre for PG Studies, Alwar School of Business, and many other names. Admissions in these colleges are mainly done through top management exams like the state ICET (APICET), and national exams like CAT, MAT, and XAT.
- There are 45 good MBA colleges in Visakhapatnam, out of which 44 are private and only Andhra University is a government college. These colleges offer almost all the top MBA courses like MBA in Finance, MBA in Marketing, and MBA in HR.
- The Andhra University’s School of Distance Education also offers MBA distance education to students. The average fee of this course here is INR 18,000 per year and the total course duration can go up to 3 years. Check the top MBA colleges in Visakhapatnam through ICET
- For regular MBA courses, the average fee is INR 50,000-80,000 per year in most colleges, However, some colleges might charge more for management courses. Check the fees charged by government MBA colleges in Vizag.
- If you want to save money by completing your course in less time, check the top MBA colleges in Visakhapatnam for 1-year MBA. You might need work experience to be eligible for this course.
- The average placement package after completing MBA from these colleges generally ranges from INR 2-5 lakh per year.
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Top MBA Colleges in Visakhapatnam: Ranking
Multiple ranking agencies release the list of top colleges in India based on different parameters every year. Some of the ranking agencies are NIRF, Business Today, and Times B School, that issue rankings lists in different categories including state-wise and city-wise.
These rankings are based on parameters like Perception of the University, Teacher-Student Ratio, Placement Reports, Faculty Quality, and many more. Many ranking agencies release separate ranking lists for Private B schools and Government B schools. For the tables below, we have referred to the lists of Top MBA Colleges in India released by different agencies. So, read ahead to find the best MBA colleges in Visakhapatnam rank-wise.
Top MBA Colleges in Visakhapatnam: NIRF Ranking 2022
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 the best BBA colleges in India:
Tabulated below is the list of top MBA colleges in Visakhapatnam as per NIRF rankings 2022.
| NIRF Ranking 2022 | College Name | NIRF Score |
|---|---|---|
| 33 | IIM Visakhapatnam - Indian Institute of Management | 54.36 |
Top MBA Colleges in Visakhapatnam: The Week Ranking
The Week releases a comprehensive list of MBA colleges in India and the subsection of it contains state-wise ranking as well. This is a collective survey of MBA colleges, and the ranking is based on the various facets of a globally appealing Business School.
- The Week has only ranked GITAM as the top MBA college in Visakhapatnam.
- It has been ranked 42 among the top MBA colleges in India. Previously it ranked at 56.
- GITAM witnessed considerable improvement in terms of ranking by jumping 14 ranks above.
- The average annual fee for MBA at GITAM Visakhapatnam is INR 3,00,000.
Admissions to GITAM Visakhapatnam are done through various entrance exams like CAT, MAT, XAT, and CMAT. Check what has been the GITAM Vizag MAT Cutoff in past years.
Read More: Also read how to score enough marks to crack this cutoff by going through MAT Preparation Tips.
Top MBA Colleges in Visakhapatnam: Times B School Ranking
The Times B school ranking takes a consolidation of business schools and compiles the management courses offered by top management colleges in India.
- The survey is executed between the 1st week of January and the 2nd week of February.
- The research has 2 major modules: Factual Survey and Perceptual Rating Survey.
- Times B-School has ranked the GITAM Institute of Management at 37 among the top management schools in India.
As we can see in all of these rankings, GITAM is the only college that manages to feature in all of these lists. So, this is one college which you should explore.
Top MBA Colleges in Visakhapatnam: ROI (Return on Investment)
ROI plays an important role when choosing a college for higher studies. It tells one how profitable your education is, and how long will it take to break the fees. Comparing ROI while arriving at a decision can drastically change the course of a career post-graduation. Here are the top MBA colleges in Visakhapatnam, ranked based on the ROI they offer.
| College Name | Average Annual Fees | Average Placement Package | ROI Rank* |
|---|---|---|---|
| Avanthi Institute of Engineering and Technology | INR 27,000 | INR 3,50,000 | 1 |
| Pydah College of Engineering and Technology | INR 33,000 | INR 2,40,000 | 2 |
| Sanketika Vidya Parishad Engineering College | INR 27,100 | INR 1,60,000 | 3 |
| Dr. Lankapalli Bullayya College, Visakhapatnam | INR 1,40,000 | INR 2,80,000 | 4 |
| Andhra University (AU) | INR 1,50,000 | INR 3,00,000 | 4 |
| GITAM | INR 3,00,000 | INR 3,40,000 | 6 |
*ROI Percentage={(Average Placement Package)/(Average Annual Fees)}*100%
As the table shows, Avanthi Institute of Engineering and Technology offers the best ROI among all the colleges. The average return on investment of these colleges is 300%. GITAM also offers a good package to students compared to other colleges, but it also charges a big fee.
Also see, Top MBA Colleges in Andhra Pradesh (AP)
Top MBA Colleges in Visakhapatnam: Cutoff
Almost every college releases a cutoff list of top MBA entrance exams to admit students to their courses. Only a very small number of colleges give direct admission. The table below shows the best MBA colleges in Visakhapatnam with their cutoff scores, as released for different exams.
| College Name | Exam | Cutoff |
|---|---|---|
| GITAM Visakhapatnam | MAT | 60 |
| IIM Visakhapatnam | CAT | 92 |
| GITAM Institute of Management, Visakhapatnam | CAT | 65-70 |
| GITAM School of International Business | CAT | 50 |
| MAT | 80 | |
| NMAT | 140 | |
| GMAT | 500 |
This table does give some insights, but these are not all. Check all the data about the cutoff of top MBA colleges in Visakhapatnam by clicking on the links below.
Top MBA Colleges in Visakhapatnam: Admission Process
There are 45 MBA colleges in Visakhapatnam, out of which 44 are private and only 1 is a government college (public). The admission process of colleges in Visakhapatnam begins with the entrance exams. Aspirants are required to be updated with the date and timing of individual applications.
Source: Official Survey
GITAM Institute of Management (GIM)
GITAM Institute of Management is one of the premier institutes of Visakhapatnam. It has been ranked 33rd by Outlook and 37th by The Week. It has also been awarded 33rd by Business Today. The institute is located on a hundred-acre lush green campus in Visakhapatnam.
- GIM Visakhapatnam offers graduate, post-graduate, and doctoral academic programs.
- Admission into MBA programs is done through national-level entrance exams like GMAT/ CAT/ XAT/ MAT.
- Several specializations are offered in MBA including Human Resources Management, Business Analytics, Marketing, and Operations Management, among many others.
- A total of 240 seats are available for the MBA program at the GITAM Institute of Management.
IIM Visakhapatnam
Indian Institute of Management (IIM), Visakhapatnam offers full-time postgraduate and doctoral programs in the field of management. It has been ranked at 31st position by Outlook India among the top management colleges in India.
- The B-school offers programs in the field of management under various specializations. It includes Finance, Accounting, Production, and Operations Management.
- Admission to the IIM Visakhapatnam is offered through merit scored in the national level entrance test, i.e., CAT.
- The B-school has an annual intake of 60 students in its MBA program.
- The institute achieved 100% placement and an increase in the average salary of 4.47%. The highest salary offered at the institute was INR 22 LPA and the average salary was INR 17.07 LPA.
The following graph shows the minimum marks required in CAT for admission to IIM Visakhapatnam:
Source: Official Website
Andhra University (AU)
Andhra University leads the conversation on management education in Visakhapatnam. The college has many popular courses in Arts, Science, Technology, Engineering, Management, Law, Pharmacy, and Education.
- The university offers an MBA with an average annual fee of INR 1,50,000. It is offered under 2 specializations, i.e., General and Retail Management.
- The selection is done based on the state-level entrance exam APICET.
- Andhra University has the accreditation of the University Grants Commission (UGC) and the National Assessment and Accreditation Council (NAAC).
- It has a stellar placement record, with students grabbing packages as high as INR 13 LPA.
Top MBA Colleges in Visakhapatnam: Entrance Exam Wise
Admissions to Visakhapatnam MBA colleges are done primarily through entrance exams like CAT/XAT/MAT/CMAT/GMAT. APICET (Andhra Pradesh Integrated Common Entrance Test) is the state-level entrance exam that analyzes student admissions. Admission also happens based on merit and quota in some colleges in the city.
Top MBA Colleges in Visakhapatnam through ICET
ICET or popularly known as APICET (Andhra Pradesh Integrated Common Entrance Test) is conducted by Sri Venkateswara University. It is a state-level entrance exam conducted in an online mode for admission to MBA/MCA programs across Andhra Pradesh.
Some of the top MBA colleges in Visakhapatnam accepting ICET scores are listed below:
- Pydah College of Engineering & Technology
- Chaitanya Engineering College
- Baba Institute of Technology & Sciences
- Samata College
- Srinivasa Institute of Management Studies
Top MBA Colleges in Visakhapatnam through CAT
CAT or Common Admission Test is the premier entrance exam accepted all over India for admission in management courses. Over 600 institutes accept the score CAT exam in India, an exam which is conducted on a rotational basis by the IIMs in India.
Some of the top MBA colleges in Visakhapatnam accepting CAT scores are mentioned below:
- GITAM Institute of Management
- AQJ Centre for PG Studies
- Ambedkar Institute of Management Studies
- Srinivasa Institute of Management Studies
- Integral Institute of Advanced Management
| Top MBA Colleges in Visakhapatnam through CMAT | Top MBA Colleges in Visakhapatnam through MAT |
| Top MBA Colleges in Visakhapatnam through XAT | Top MBA Colleges in Visakhapatnam accepting NMAT |
Top MBA Colleges in Visakhapatnam: Placement Wise
Management colleges in Visakhapatnam offer students some of the best placement opportunities in the state.
- An average management college in Visakhapatnam receives around 150 offers.
- Top Management colleges in India like IIM Visakhapatnam and ICFAI Business School receive more than 400 offers.
- The average MBA salary in India is INR 6-9 lakh, with packages jumping to 1 crore as well.
- IIM Visakhapatnam received the highest salary of INR 22 LPA and broke its previous records.
The following graph shows the average salary offered to students enrolled in top MBA colleges in Visakhapatnam.
Source: Official Website
Avanthi Institute of Engineering and Technology has the best placement package amongst the top MBA colleges in Andhra Pradesh. Andhra University's placement record has been the highest with INR 13 lakh per annum.
Top MBA Colleges in Visakhapatnam for Finance
India’s finance industry is booming at a tremendous rate. With the growing investment, companies are hiring multiple people to handle finance for their companies. The financial sector is growing at 7.5% and is estimated at USD 3 trillion in 2020.
Some of the top MBA colleges in Visakhapatnam for Finance are mentioned below:
- Andhra University (AU)
- GITAM Institute of Management
- Dr. Lankapalli Bullayya College
- Vizag Institute of Technology
- Alwar School of Business
Top MBA Colleges in Visakhapatnam for Marketing
Marketing is the new HR, says the expert reviewing placement cycles for decades. The advertising and marketing sector is set to touch $10 billion by the end of 2020. With the influx of digital marketing and fierce competitors rising from mobile phones, the sector is growing at a rate of 30%.
Some of the top MBA colleges in Visakhapatnam for Marketing are mentioned below:
- GITAM Institute of Management
- Dr. Lankapalli Bullayya College
- Sanketika Vidya Parishad Engineering College
- Noble Institute of Science & Technology
- Srinivasa Institute of Management Studies
Also, Check
Top MBA Colleges in Visakhapatnam: FAQs
Ques. Which college is best for MBA in Visakhapatnam?
Ans. The best MBA colleges in Visakhapatnam are IIM Visakhapatnam, Andhra University (AU), GITAM, Dr. Lankapalli Bullayya College, and Visakhapatnam, among many others.
Ques. How many MBA colleges are there in Visakhapatnam?
Ans. There are a total of 45 MBA colleges in Visakhapatnam.
Ques. What is the average cost of MBA colleges in Visakhapatnam?
Ans. The average cost of an MBA course in Visakhapatnam is INR 2-3 lakh.
Ques. What is the average cut-off for any student?
Ans. The diverse range of colleges accepts one percentile or the other, depending upon the college.
Ques. What is the entrance process for these colleges?
Ans. Candidates will have to sit in entrance exams such as APICET, CAT, XAT, SNAP, IBSAT, GMAT, CMAT, MAT, ATMA, NMAT, and IMU-CET, or scores based on the college of their choice.
Ques. Which college guarantees the highest pass-out salary?
Ans. Andhra University (AU) promises the highest pass-out salary at INR 13 lakh to its students.
Top MBA Colleges in VisakhapatnamåÊBased on 2023 Ranking
![Gitam Institute of Management - [GIM]](https://static.zollege.in/public/college_data/images/appImage/17674_cvr new.png?tr=h-208,w-263,c-force)
![Gitam Institute of Management - [GIM] logo](https://static.zollege.in/public/college_data/images/logos/1472814356logo.png?tr=h-60,w-60,c-force)
Gitam Institute of Management - [GIM]
Visakhapatnam, Andhra Pradesh | UGC, AICTE Accredited
MBA/PGDM
₹ 3.60 Lakhs
![Indian Institute of Management Visakhapatnam - [IIMV]](https://static.zollege.in/public/college_data/images/appImage/1501738109cvr.png?tr=h-208,w-263,c-force)
![Indian Institute of Management Visakhapatnam - [IIMV] logo](https://static.zollege.in/public/college_data/images/logos/1569415172iimvlogo.png?tr=h-60,w-60,c-force)
Indian Institute of Management Visakhapatnam - [IIMV]
Visakhapatnam, Andhra Pradesh | MHRD Accredited
MBA/PGDM
₹ 13.00 Lakhs