Odisha state is considered as a hub for mineral-based industries due to its large mineral deposits. Odisha covers the complete life cycle of industrial projects for time-bound & hassle-free new investment. Thus, the business community is welcome to explore many business opportunities in Odisha.
Hon’ble Chief Minister of Odisha Mr. Naveen Patnaik while inaugurating the incubation centre near Bhubaneshwar on 3rd February 2022 has said that O-Hub will be the first point to identify the best in the industry for co-creation and development of business with their new ideas and it will be a conglomeration for business houses and innovation. This indicates that such initiative of Government of Odisha would provide a platform for innovators and entrepreneurs to develop products or services, establish formal businesses and interact with stakeholders of the ecosystem.
In view of the above, it can be emphasized that there will be great demand for MBA candidates in Odisha State and as a result the importance of Top MBA Colleges in Odisha also scales upwards.
This article is aimed at providing adequate data to the prospective candidates who intend to pursue 2 year Postgraduate Degree in MBA in top Colleges/Universities in Odisha state, so that there will be no dilemma before selecting the right college at the right time.
There are several Agencies who award rankings to Top MBA Schools/Universities in India every year. We have provided agency-wise rankings in the tables below:
NIRF (National Institutional Ranking Framework), a popular Agency approved by the MHRD (Ministry of Human Resource Development) to rank institutions of higher education in India based on 5 (five) Parameters – Teaching, Learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity and perception. Hence, rankings awarded by NIRF assumes importance to know the top MBA Colleges in Odisha to make a choice. The following table provides the same.
TOP MBA SCHOOLS/UNIVERSITIES IN ODISHA STATE - NIRF RANKING 2021
Sl.No.
Name of the School/University
City
NIRF'21 Rank
01
Kalinga Institute of Industrial Technology (KIIT)
BHUBANESWAR
31
02
Xavier University
34
03
Indian Institute of Management
SAMBALPUR
61
04
International Management Institute
62
The objective of Times B School research is to arrive at a list of top business schools offering full time 2-year management courses in India. The research consists of 3 major modules (1) Desk Research (2) Factual survey (3) Perceptual Rating survey. After the data is collected, a methodical analysis will be carried out to rate the various B schools that participated in the survey/study.
TOP MBA SCHOOLS/UNIVERSITIES IN ODISHA STATE AS PER TIMES B SCHOOL RANKING 2021.
Times B School Ranking 2021
1-75
All India
1-10
East Zone
Xavier Institute of Management
Bhubaneswar
06
Kalinga Institute of Industrial Technology (KIIT), Deemed to be University
-
08
International Management Institute (IMI)
37
--
Institute of Management and Information Service
51
The MBA Outlook report provides an overview of popular MBA entrance exams in India, with a particular focus on top locations in the country for students who wish to pursue MBA. The report also focuses on top specialisations, browsing behaviour of students and what do they look for when choosing a B-school in India. Following table depicts top MBA schools / Universities in Odisha state in the India’s top B Schools for East Zone.
INDIA’S TOP MBA SCHOOLS 2022 – OUTLOOK MAGAZINE SURVEY EAST ZONE – ODISHA STATE
Rank - Outlook Magazine Survey
Xavier Institute of Management XIM University
Centurion University of Technology and Management.
Institute of Management and Information Science
09
05
10
Eligibility Criteria and Process of admission in top MBA Colleges/Universities in Odisha State:
Following are the Common Entrance Tests considered by top MBA Colleges/Universities in Odisha state for admission to 2 year post graduate degree in Master of Business Administration (MBA).
OJEE - Odisha Joint Entrance Examination (OJEE) is a state level Examination conducted by Odisha State Government.
Other Common Entrance Examinations which are considered by top MBA Colleges and Universities in Odisha state are:
Common Admission Test (CAT)
CAT is the mandatory computer based Common Admission Test for admission to MBA/PGDM programmes in 20 Indian Institutes of Management (IIMs) and other top MBA colleges in India. It is the largest national level MBA entrance test in India.
Xavier Aptitude Test (XAT)
XAT is an online CBT (computer based) management entrance exam for admission to MBA/PGDM courses offered by XLRI Jamshedpur, XIMB Bhubaneswar, SPJIMR Mumbai, IMT Ghaziabad, etc along with other 156 management institutes the country.
Common Management Admission Test (CMAT) :
CMAT is a National Level Entrance Examination for admission to Management Programme(s) in the country which is considered by top MBA Colleges/Universities in Odisha State
Management Aptitude Test (MAT)
MAT is a standard aptitude test conducted in India since 1998 by the All-India Management Association (AIMA). MAT is used for admission to MBA and allied programmes by over 600 business schools across India including top MBA Schools/Universities in Odisha state.
AIMS Test for Management Admissions (ATMA)
AIMS Test for Management Admissions or ATMA is a national-level exam conducted by the Association of Indian Management Schools (AIMS) for admission to MBA, PGDM, MCA and PGDBA courses.
Now, we will move to find out the cut off percentile in top MBA Colleges/Universities in Odisha:
Sl. No.
Name of the top MBA College/University
Location
Percentile
90-92
Sambalpur
90-91
KIIT School of Management
75-80
70-75
Asian School of Business Mgmt.
School of Management Birla Global University
07
Faculty of Management studies Sri Sri University
Cuttack
65-70
Institute of Business & Computer studies
60-65
It can be observed from the above tables that majority of top MBA Schools/Colleges are in Bhubaneswar city. Hence, we will discuss below top MBA Schools/Colleges in Bhubaneswar and fee structure.
FEES STRUCTURE vis-à-vis ROI OF TOP MBA SCHOOLS/COLLEGES IN BHUBANESWAR
Return on Investment (ROI) is a popular profitability metric used to evaluate how well an investment has performed. In the undermentioned table, we have also added another column to show “returns” through average annual pay package a student/aspirant is expected to get through placements (campus or directly with experience) from top IT and other Multinational companies in India, against the fees he/she payable to the top MBA Colleges in Odisha.
Sl No
Name of the College/University
Average Course fee (2 years)
Average Annual ROI(Rs in Lakhs)
20.0 L
23.0 to 25.0
11.0 L
6.0 L
12.71 L
6.91
6.86 L
1.75 L
8.43
1.25 - 2.25 L
5.0
4.65 L
4.46
FEES STRUCTURE vis-à-vis ROI OF TOP MBA SCHOOLS/COLLEGES IN ODISHA (OTHER THAN BHUBANESWAR)
Indian Institute of Management, Sambalpur
10.0 L
14.91 - 26.4 (Highest in this season)
Faculty of Management studies Sri Sri University, Cuttack
6.78 L
6.11
SPECIALIZATIONS OFFERED IN TOP MBA SCHOOLS/UNIVERSITIES
IN ODISHA STATE
PLACEMENTS:
Following are the top International IT and other Multinational Companies that recruit Students from top MBA colleges/Universities from Odisha state.
Some of major companies that visit Top MBA Colleges in Odisha
Amazon
Apple
Boston Consulting Group (BCG)
JP Morgan Chase & Co
Google
Deloitte
Accenture
Morgan Stanley
AT Kearney
Microsoft
Following are the top Indian IT and other big Companies/Banks that recruit Students from top MBA colleges/Universities from Odisha state.
Some of top IT companies that visit Top MBA Colleges in Odisha
TCS
Reliance Industries Ltd
Cognizant
Wipro
Infosys
ICICI Bank
Hindustan Lever
Aditya Birla Group
SBI Bank
HDFC
Majority of the Companies with the streams Consulting, Marketing, Operations, Finance, and Human Resources have offered highest annual salary (CTC) to the candidates who successfully completed Post graduate degree in MBA from the top MBA colleges/Universities from Bhubaneswar, Sambalpur, and Cuttack Cities in Odisha state.