MBA Colleges in Himachal Pradesh

Himachal Pradesh is in the Northern Region of India, with Agriculture as the main occupation and the major source of employment. Himachal Pradesh is one of the fastest-growing regions in the Pharmaceutical Industry in India while the Tourism sector contributes around 7% of the State’s GDP.

The following are the key industries in Himachal Pradesh:

• Textiles
• Pharmaceuticals
• Food procurement and processing
• IT and ITes
• Electronics
• Light Engineering
• Cement
• Tourism
• Hydropower

Himachal Pradesh has made considerable economic progress offering unmatched opportunities for Industry and Entrepreneurs with the best availability of state-of-the-art infrastructure.

Initiatives of the Government of Himachal Pradesh:

The government’s “Startup/Innovation Projects/New Industries Scheme” envisages the creation of self-employment and employment generation, upgrading the skills of Entrepreneurs.  

The aim of this Scheme is to provide young Entrepreneurs with appropriate support and training to set up their Units under professional guidance and to accelerate economic growth to provide large-scale entrepreneurial and job opportunities in the State.

The vision of the Government of Himachal Pradesh is to advance the State as the most economically developed state in the Country and to make it the best state in the Business sector.

Prospects of Management Graduates/Post Graduates in Himachal Pradesh:

The Government of Himachal Pradesh’s initiative through setting up of Start-ups provides students with access to cutting-edge technology, world-class infrastructure, high-quality mentorship, early risk capital, and global exposure.  Such an initiative of the Government of Himachal Pradesh is expected to provide high-end jobs to Management Graduates /Post Graduates in the next decade.

Many MBA Colleges/Business Schools have emerged in Himachal Pradesh to cater to the growing demands for qualified Managers to hold responsible positions in the hierarchy of the Companies. This led to a confusing state for students to decide on which Management (MBA/PGDM) College to pursue Management Programmes in Himachal Pradesh. 

This article is intended to keep well-informed of the updated data with respect to Top Business Schools in Himachal Pradesh to enable the prospective candidates to decide without ambiguity.

Top MBA Colleges in Himachal Pradesh State as per Rankings:

To meet the current demand, many MBA Colleges have been set up in Himachal Pradesh, and as such the importance of Top MBA Colleges has emerged for eligible students to decide the best college for pursuing a bachelor’s degree in management in Himachal Pradesh.

This article is intended to keep abreast of the information with respect to top M.B.A. Colleges in Himachal Pradesh to enable the prospective candidates to decide without any ambiguity.

Rankings of Management Colleges/Institutes are vital for the aspirants to understand which College is doing the best in terms of imparting education and suitable training in all respects.  So, these rankings help students to take a lead in finding top MBA Colleges in Himachal Pradesh State. There are several Agencies that award rankings to top MBA Colleges in India every year. 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 assume importance for the top MBA Colleges in Himachal Pradesh to make a choice. The following table provides the same.

Top Business Schools In Himachal Pradesh State Based On All India Rankings 2022 Awarded By NIRF :

Top Public/Private MBA Institues in Himachal Pradesh based on popularity:

In the following table, a list of top MBA Government (Public) and Private Colleges in Himachal Pradesh is depicted:

Eligibility Criteria and Process of admission in top MBA Colleges in Himachal Pradesh:

• A citizen of India
• Must have passed a bachelor’s degree of 3 years from a recognized university/college.
• 45% minimum marks (40% for reserved categories) in their qualifying examination.
• Candidates who are in the final year of their graduation can also apply provided the necessary proof is submitted as required. Group Discussion and Personal Interviews are necessary in the case of many top MBA Colleges in Himachal Pradesh.
• Domicile rule is applicable and 85% of seats shall be allocated to local candidates of Himachal Pradesh, as per Government rules.

Following are the Common Entrance Tests considered by MBA Colleges in Himachal Pradesh for admission to a 2-year postgraduate degree/diploma in Master of Business Administration (MBA)/PGDM).

• Himachal Pradesh Common Entrance Test (HPCET) is a state-level exam conducted every year for admission of candidates to undergraduate and postgraduate courses offered at various ‘B” Schools in Himachal Pradesh.

Other Common Entrance Examinations which are considered by Top MBA Colleges and Institutions in Himachal Pradesh state are:

• Common Admission Test (CAT) 

CAT is the mandatory computer-based Common Admission Test for admission to MBA/PGDM programs 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.

• 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 in Himachal Pradesh.

• Management Aptitude Test (MAT) 

This 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 programs by over 600 business schools across India including top MBA Schools/Institutes in Himachal Pradesh.

• 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.

• Graduate Management Admission Test (GMAT)

GMAT is the first and only standardized exam specifically designed for admission to graduate business and management programs. It sets the standard to predict the academic performance of aspiring candidates in today''s graduate management programs.  Top MBA Schools trust this examination for admission to an MBA degree.

• 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 in the country.

Fees Structure vis-à-vis ROI of top MBA Colleges/Institutes in Himachal Pradesh state:

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 the 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 Himachal Pradesh.      

Top MBA Colleges In Himachal Pradesh – Fees Structure Vis-à-vis ROI (Return On Investments):

ROI (Return on investment) referred to above is the annual salary package in CTC

Fee structure varies depending on the specialization chosen by the candidate.

Top Trending Specialisations offered in Top MBA Colleges in Himachal Pradesh State:

Given below are the details of top trending specializations that are offered in various MBA programs in various Colleges/Institutes in Himachal Pradesh State:

• Finance

This specialization/Branch in MBA in the field of Finance includes various facets like investments, portfolio management, derivative securities, capital markets, corporate finance, international finance, financial institutions behavior, Advertising, etc.,

• Operations and Production Management:

This offers advanced knowledge on various facets of business practices, auditing, and tax laws, and exposes the candidates to organizational efficiency, business valuations, and management of innovations.

• Marketing Management

This is one of the most opted and topmost specializations of MBA, which focuses on advanced concepts of Marketing viz., Digital Marketing, Consumer behaviour, Advertising etc.,

• Business Analytics

This is also one of the most popular MBA specializations which deal with Core business Fundamentals and gets training to consider business from a data-driven perspective.  It has multi-faceted exposure to various fields in business analytics like Artificial Intelligence & Deep Learning, Multivariate Data Analysis, Business Analytics and Intelligence, business Forecasting, Social Entrepreneurship, and Marketing Analytics.

• IT Management

This subject broadly enables the candidates to improve the skills needed to manage both IT systems and employees, in-depth business knowledge, information security, telecommunications, and IT project management.

• Human Resource Management

This specialization deals with recruitment, and management offers training and empowers knowledge in managing the workforce of an organization with appropriate direction and guidance.

• Supply Chain Management

This enables the candidates to get exposure to Company Resource Planning, Global Trade, Inventory Management, Retail, Risk Management, Sales and Operations Planning, Sourcing and Procurement, and supply chain optimization.

• Health Care Management

This has assumed importance in the recent past, with various Corporate Hospitals and Multinational pharmaceutical companies looking for MBA candidates having this specialization.  This course includes subjects such as Principles of Health Service Management, Organization Behaviour, Materials and Equipment Management, Health Economics, and Strategic Human Resource Management. 

• International Business Management

This is one of the Top most MBA specializations, being unique and focuses on the subjects like Foreign Trade Finance and Forex Risk Management, Foreign Trade Policy, and Export Management and trains the candidates on various procedures and documentation involved in export and import, methods of approaching customers in foreign countries, currency conversation & fluctuation, raising capital from the international market, and distribution market.

• Agriculture Business Management

This specialization has assumed importance in the recent past with the focus of successive Governments on the agriculture field. This top MBA specialization mainly focuses on the business areas of agricultural production and global trade.  This specialization also deals with Agriculture food policy, Agriculture Finance, Marketing, Strategic Food marketing, Management for Agribusiness Projects, Market Research, and Information systems, International Agri-food trade.

Top MBA Colleges – Placements:

Students of the MBA Programme with specialization in Finance, Marketing, General Management, Business Analytics, and Entrepreneurship stand a fair chance of grabbing the highest salary package during campus placements, specialization chosen, College/Institute, Company, the experience of the candidate, and finally performance in the Written Test/PI are the major factors that are responsible for getting the highest annual package by the students from top MBA Colleges in Himachal Pradesh.

During the placement drive  in 2022 average domestic salary package offered ranged between Rs.2.75 to 11.00 LPA (CTC) in Top MBA Colleges / Business Schools in Himachal Pradesh.

A list of top Recruiting Companies visiting Top MBA Colleges in Himachal Pradesh State is provided in the table hereunder:

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Conclusion:

Postgraduate Programme MBA/PGDM is a two-year professional degree, and many Techies/Graduates prefer to pursue this Programme to get a raise in their salary, enhance their employability, launch his/her own business, and emerge as a Leader holding much higher responsibility in their career.

There are over 34 MBA Colleges/Business Schools in Himachal Pradesh offering MBA/PGDM Programs, including 15 private Colleges/Institutes, 19 Government (Public) Colleges/Deemed to be Universities.

Students aspiring to pursue MBA/PGDM in top MBA Colleges in Himachal Pradesh must obtain an appropriate rank/score in HPCET/CAT/MAT or any other equivalent Common Entrance Test, besides holding an undergraduate degree with required marks.

Students have a wide choice of specializations to choose from depending on their interest and need.