The city of Bangalore has seen a high number of IT and BPO companies, making it an attractive destination for young professionals. However, there are not many schools that specialize in business courses. If you want to study at a prestigious college or university, but don’t have the time or money to seek another job in Mumbai, Delhi, or Chennai, you might want to consider studying at one of the MBA colleges in Bangalore.
History of MBA in Bangalore
The history of the MBA in Bangalore goes back to the late 1960s. The first business school to offer an MBA course was the Indian Institute of Management, Ahmedabad. A few years later, the city’s first MBA program started at the National Institute of Public Finance and Policy (NIPFP), which is now known as the Indian School of Business (ISB). The ISB has been one of the most prestigious business schools in India and has consistently ranked amongst the top 10 MBA colleges in India.
Since then, there have been several other business schools that have started offering MBA courses in Bangalore. These include Columbia Asia College, Harish-Chandra Research Institute of Management Studies (HCIMS), National Law School of India University (NLSIU), Symbiosis International Business School (SIBS), and TVSB Greater Noida Campus.
In terms of enrolment size, Bangalore remains one of the largest centers for MBA education in India with over 1,000 students currently enrolled in programs at various business schools here. This includes both full-time and part-time programs.
Benefits of Studying in MBA Colleges in Bangalore
- The city has a thriving business ecosystem.
- Several multinational companies have their headquarters here.
- The city offers excellent educational opportunities, including world-class universities like the Indian Institute of Technology Bombay and the National Institute of Technology Karnataka.
- There are plenty of job prospects after you finish your MBA.
- The cost of living is low, making it possible to live comfortably on your earnings
Eligible Criteria for Admission into MBA Colleges in Bangalore
- You must have a Bachelor’s degree in business or equivalent
- You must have at least two years of relevant work experience
- You should have strong quantitative abilities and excellent analytical skills
- You should be able to speak and write English fluently
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MBA Colleges in Bangalore
- American International Group:
AIB’s London Business School has been consistently ranked among the best business schools worldwide. Its full-time program includes courses in accounting, finance, marketing, human resources management, and international business management.
- Symbiosis Institute Of Management And Technology:
Sastry Graduate Institute Of Management (SGIMT) was founded by noted economist Dr.(V V Sastry). SGIMT offers an innovative full-time MBA program that emphasizes hands-on learning opportunities within global companies.
- Indian Institute of Management Bangalore (IIMB):
It is known for its strong business program, and IIMB is one of the most prestigious MBA colleges in Bangalore. The school has a rich history dating back to 1944 and offers both full-time and part-time programs. In addition to its impressive curriculum, IIMB also boasts some excellent facilities, such as an on-campus library and fitness center.
- National Law University – Bengaluru (NLU-B):
One of the newer MBA colleges in Bangalore, NLU-B offers a comprehensive program that covers all aspects of business management. The school has a strong focus on ethics and entrepreneurship, which makes it ideal for students who want to develop sound business skills outside the classroom. In addition to its excellent faculty, NLU-B also offers great facilities, such as an on-campus gym and computer labs.
- Anderson School of Management at the University of California, Los Angeles (ASM-UCLA):
Anderson School of Management at UCLA is one of the oldest and most prestigious business schools in America. The school offers an MBA program that is accredited by AACSB International. UCLA’s Anderson School also has a strong reputation for its innovative teaching methods and its close relationship with businesses.
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Average Tuition Fee for MBA Colleges in Bangalore
The average tuition fee for an MBA program in Bangalore is approximately Rs. 36 lakhs. However, this figure can vary significantly depending on the particular school that you choose to attend. Some of the more expensive programs will charge upwards of Rs. 50 lakhs per year, while some of the less expensive schools may only charge around Rs. 25 lakhs per year.
Notable Alumni at MBA Colleges in Bangalore
- Prakash Padmanabhan
Padmanabhan is the founder and CEO of Infosys, one of India’s largest software companies. He was named one of the world’s 50 greatest leaders by Fortune magazine and has been awarded several prestigious awards, including the Padma Bhushan, India’s highest civilian honor.
- Chetan Bhagat
Bhagat is an Indian author and blogger who has written several bestselling books, including Five Point Someone and Half Girlfriend. He has also been featured on Forbes’ 30 Under 30 list multiple times and was recently appointed as a UNICEF Goodwill Ambassador.
- Kiran Mazumdar-Shaw
Mazumdar-Shaw is a corporate executive and entrepreneur who is best known for her role as co-founder and CEO of Infosys Ltd., one of India’s leading information technology (IT) companies. She holds a BBA from IIM Ahmedabad and an MS from Harvard Business School, where she was inducted into the school’s hall of fame in 2009.
Frequently Asked Questions
Q: What is the average GMAT score of MBA applicants?
A: The average GMAT score for MBA applicants is 740. However, the range of scores is quite large, with a low of 645 and a high of 800. The majority (about two-thirds) of MBA applicants have scores between 700 and 799.
Q: What other cities offer similar programs?
A: We have cities with similar programs such as Mumbai, Delhi, and Hyderabad.
Q: How many students are accepted into MBA programs each year?
A: The majority of MBA programs in Bangalore accept between 10-15 new students each year. However, there are always a few spots open, so applicants should keep an eye out for admissions announcements and apply early if they want to be considered.