Top 10 MBA Colleges in Punjab

With many universities and reputed institutes in various cities, Punjab is one of the most attractive states in the country to complete management education. With a number of public and private institutions offering MBA programs or equivalent PGDM programs, students can choose an MBA college from a number of reputed alternatives. This blog explores the details of the best MBA colleges in Punjab along with complete details about their admissions, fees, placement services, etc. Continue reading to explore the best accredited MBA colleges and institutions in Punjab!

Highlights:  MBA colleges in Punjab

Top 10 MBA Colleges in Punjab

Punjab is a primarily agrarian state in northern India that is a major contributor to the national economy – not only through its primary production but also through its services in the higher education sector. Punjab is home to many management colleges and universities offering courses like MBA or PGDM. The state has more than 250 well-established colleges and universities that offer MBA program. There are both private and public universities in Punjab that offer full-time MBA courses for management enthusiasts.

Listed below are 10 accredited colleges and universities that offer MBA programs or equivalent courses to undergraduate students.

The following colleges are listed here according to their NIRF ranking (2023), their highest accreditations, fee ranges and placement support features.

1. Lovely professional University (LPU)

LPU was established by Lovely International Trust in Phagwara in 2005 and is rated as the best university for management education in Punjab by NIRF (2023). With NAAC A++ rating and accreditations from approving bodies like UGC, NCTE and BCI, LPU is undoubtedly one of the best management education options in the state. The university's MBA program is also offered with all the major student support facilities in addition to advanced academic pedagogy that enables hassle-free and hassle-free learning.  LPU is the best colleges for MBA in punjab.

2. Chandigarh University (CU) 

Chandigarh University (CU) is one of the best universities for management education not only in Punjab but also in India. It has major accreditations like those from UGC and NAAC (A+ rating). It has been ranked among the top 40 management institutions in India by NIRF (2023). It offers students a full-time MBA program that has been approved by AICTE as a valid professional degree. UK has 15 specialization options in the MBA course, from tourism and hospitality management to strategic HRM and fintech. Students who clear Institutional Entrance – CUCET can apply for admission to the course.

3. Thapar Institute of Engineering & Technology, Patiala

Thapar School of Engineering and Technology is part of the prestigious Thapar University and was established in 1956. It is one of the well accredited and recognized management institutes in Punjab with recognitions like UGC, NBA, AICTE etc. It is also rated among the top 50 Indian Institutes of Management by NIRF (2023). The MBA program offered at Thapar Institute of Engineering and Technology is offered in 10 areas of specialization and has been recognized by AICTE as a valid and competent professional degree.

The institution conducts its Thapar Management Aptitude Test (TMAT) entrance test for admission to the MBA course. Financial support through EMI and education loan options is available at the institute for students. The placement services offered here compensate professional care for future career endeavors and also provide attractive job opportunities to students in a number of top companies and MNCs.

4. Indian Institute of Management (IIM), Amritsar 

IIM Amritsar is the premier university of the state of Punjab. IIM-Amritsar, part of India's most renowned management institutions - IIMS, was established in the third wave of IIMs in 2015. It has been awarded an 'A' grade by NAAC and is ranked as India's 51st best institution for management studies. IIM Amritsar is one of the  top management colleges in Punjab. The MBA program offered by IIM Amritsar is for candidates who have qualified for the CAT exam.

The ROI of IIM-Amritsar is also quite satisfactory and students can secure employment in a number of top companies and organizations through the institute's placement services.

5. Chitkara Business School, Chitkara University

Chitkara University is a private university located in Rajpura, Punjab. It was first established in 2002 as a college of Punjab Technical University and was granted university accreditation by ASSOCHAM and other reputed organizations in 2009. and has also received A+ grade from NAAC. It is among the top 70 management institutions in India as ranked by NIRF (2023).

The MBA program at Chitkara University is offered by Chitkara Business School and is approved by AICTE. There are specialization options in more than 10 areas like Marketing, Finance, HRM, Business Analytics, Health & Healthcare IT, Retail Marketing etc.

6. punjab University (PU), Chandigarh

Punjab University (PU) is a public state university established originally in 1882 in Lahore. It was then revived in the capital city of Punjab-Chandigarh and boasts a legacy of providing quality higher education to students across North India and beyond. It is a NAAC 'A' rated university and has been ranked as the 25th best university in India by NIRF (2023). Punjab University offers a full-time 2-year MBA degree to students in three areas of specialization – HRM, International Business and Entrepreneurship. The selection criteria for the university is the student's academic record and their CAT score.

7. Universal Business School (UBS), Mohali

Established in Mohali in 2008, Universal Business School is one of the prestigious and well-known private colleges in Punjab. It is part of the Universal Group of Institutes and has been accredited by AICTE as offering a competent and valid MBA degree. The full-time MBA course at UBS is a postgraduate study program offered in 3 key specializations – Marketing, Finance and HRM. The eligibility criteria along with the candidate's CAT score is the criteria for admission to the course. The course also includes placement services that include placement assistance through training and grooming as well as campus placements with excellent ROI.

8. Gian Jyoti Institute of Management and Technology (GJIMT), Chandigarh

Gian Jyoti Institute of Management and Technology (GJIMT) was established in 1998 in the state capital. The institute is affiliated to IKG Punjab Technical University or PTU. It offers students a full-time MBA program that has been recognized by AICTE and is available with specialization options in areas such as marketing, human resource management, finance, management information systems, operations and business analytics. Accepted entrance exams for GJIMT include MAT and CMAT. GJIMT's placement support offsets a satisfyingly high return on investment after completing the course through campus jobs.

9. PML SD Business School, Chandigarh 

PML SD Business School is a private business school in Chandigarh which was established in 2020. It was supported by GGDSD College Society and is currently offering PGDM course for 2 years for management aspirants. The course is approved by AICTE and its available specializations include Business and General Management, Finance, Marketing and HRM.

10. Amity University, Punjab 

Amity University Punjab was established recently in 2021 in Mohali to extend the educational support of the prestigious Amity Group of Institutions to the state of Punjab. Within a short period of its establishment since 2021, Amity University Punjab has received a number of accreditations such as those from UGC, WASC, IACBE etc. It is also a member of AIU and has been awarded A+ grade by NAAC. The MBA program at Amity University Punjab is currently offered as a full-time 2-year course in the fields of Health Technology, General Management and Integrated 3-Continent Studies. Accepted management entrances at Amity University Punjab include MAT, XAT, CAT, NMAT and CMAT. The university also provides placement assistance in the MBA program.

The best recruiters

Recruiters from a range of sectors ranging from healthcare, marketing and business development, research and consultancy, BFSI, ITES sector to sports management and travel and tourism are hiring candidates who have acquired a professional management education such as through an MBA. The state of Punjab has a thriving economy contributed by various sources such as agriculture, sports, travel and tourism in addition to tertiary services, hence the job offer for MBA graduates here is quite high. 

Well-accredited MBA colleges in Punjab further offer placement services by partnering with MNCs, firms and companies across the country to provide the most attractive job opportunities to the students who graduate from them. Below are some prominent recruitment partners of Top 10 MBA Colleges in Punjab.