When thinking about a degree in business management, the first thing that comes to our mind is an MBA. The unmatched popularity that the degree enjoys, makes it one of the most sought-after courses pursued by students and working professionals alike. When it comes to studying an MBA in India, the prestigious IIMs are the first preference for students followed by many reputed private business schools. Besides, students often look for the options to study abroad in the top business schools which in itself is a great feat to achieve. The popularity of management courses has exponentially risen which has led to many universities offering comprehensive and specialized MBA programs with numerous specializations. India’s premier institutions for technology, IITs, have also started offering MBA degree programs which are in many ways preferred over other institutions. In this blog, we will explore why you should pursue an MBA in IITs.
Why Pursue an MBA in IITs?
The booming growth of businesses has backed the need for professional courses like MBA in India with the top MBA colleges in India offering both 1 year MBA programs for professionals and standard 2 year MBA courses for management aspirants. But from the past two decades, IITs have etched their names in offering specialization courses in MBA. Even though the Indian Institutes of Management (IIMs) have secured top five ranks in the list of business schools in the NIRF rankings 2019 but with IIT-Kharagpur at the 6th spot, a new development in the field of Business Management in India is being witnessed. The phenomenon of MBA might be recent in IITs, but they are giving a tough competition to the top B-Schools established way long back. The innovativeness and the technological quest has made the Business Administration degrees in IITs popular than that of MBAs offered by other B-Schools. Unique specializations like Management in Telecommunication Systems have become a trademark for the technological institutions. Here are some of the factors which make an MBA in IITs a great choice for management aspirants.[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
Out of 16 IITs, 7 are offering management courses with IIT Delhi taking the lead. MBA in IITs has become a new and viable option for management aspirants as it offers a great range of MBA specialization courses that are not seen in other business schools in India. The best thing about these postgraduation programs in IITs is that they are in sync with the changing trends and the curriculum is a conglomeration of technology and business. With hi-tech resources and a career-oriented approach, the MBA program in IITs has a great appeal for students wishing to build a career in the field of Management. Students often are confused about choosing the right combination for themselves. Here is our detailed blog on How to Pick the Right MBA Specialisation?
Low Tuition Fees
While an MBA in top B-Schools in India or abroad can be exciting but the hefty tuition fees may drain your savings. On average, an MBA from the IIMs and other private B-Schools can charge you Rs. 7 Lakh-30 Lakh. On the contrary, pursuing it from IITs will cost you around Rs. 2 Lakh-9 Lakh. The affordability of the MBA in IITs along with quality education recognized worldwide in management studies is one such factor that has led many students to opt for this course.
Unified Entrance Exams
Earlier, IITs offered admissions through their standard JMET entrance test but after 2011, the institutions chose the CAT exam as the standard test for MBA in IITs. The common test conducted by IIMs on a rotation basis and accepted by almost all the management schools has made it easy for students to aim for various institutions. To be able to give the CAT exam, the candidate needs to be a citizen of India and should have a bachelor’s degree from a recognized institution. For the complete information on the CAT exam, read our comprehensive blog on CAT.
Also Read: CAT exam pattern
List of IITs
Like any other B-School, IITs have standard eligibility criteria for the candidates applying for an MBA. A student needs to have a bachelor’s degree from a recognized university with 60% aggregate. Besides, a valid CAT score is necessary to get into any one of the IITs. On average, 65-75 percentile in CAT is required to secure admissions for an MBA in IITs. Moreover, IIT Delhi accepts the GMAT score also. To give you a brief overview, tabulated below is a list of the IITs offering MBA programs, their fee details, and the rankings:
|Institution||Program Name||Fees in Lakh||Number of Seats||NIRF Rankings 2019|
2. MBA in Telecom Management
3. Executive MBA
2. Executive MBA
3. Executive MBA
IITs are a brand name in imparting professional education. The unconventional blend of technology and management that you would be provided within in IITs is uncontestable. Thus, pursuing an MBA in IITs has a great advantage and opens the door to an array of career opportunities. For more than a decade now, IITs have been an important part of reshaping the country’s business ideologies by providing an alternative to high priced management courses. We at Leverage Edu believe that everyone should be given the opportunity to receive the best education regardless of their age and financial state. If you are looking for the best options to get professional education at a low cost, our experts may have a list of solutions for you to choose from. Book your 30-minutes free career counselling session with our career experts now!