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! 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.Highlights: MBA colleges in Punjab
University Name
NIRF Ranking
Accepted entrance exams
MBA fees
Lovely professional University (LPU), Phagwara
32
LPU NEST/XAT/
INR 7,76,000
MAT/CAT/
CMAT
Chandigarh University (CU), Chandigarh
36
CUCET
INR 1,25,000 to INR 1,45,500
Thapar Institute of Engineering & Technology, Patiala
49
NMAT /CAT/ CMAT/ MAT/ TMAT/ GRE/ SNAP XAT/ GMAT/
INR 8,50,000 (Approximate)
Indian Institute of Management (IIM), Amritsar
51
CAT
INR 16,00,000
Chitkara Business School, Chitkara University, Rajpura
64
XAT / CAT / MAT / NMAT / CMAT/
INR 7,00,000
punjab University (PU), Chandigarh
82
CAT
INR 17,365
Universal Business School (UBS), Mohali
-
CAT
INR 1,70,000
Gian Jyoti Institute of Management and Technology (GJIMT), Chandigarh
-
MAT/CMAT
INR 1,89,100
PML SD Business School, Chandigarh
-
CAT/CMAT/GMAT/XAT/MAT/ATMA
INR 5,00,000
Amity University, Punjab (Mohali)
-
MAT/XAT/CAT/NMAT /CMAT
INR 7,96,000
Top 10 MBA Colleges in Punjab
1. Lovely professional University (LPU)
2. Chandigarh University (CU)
3. Thapar Institute of Engineering & Technology, Patiala
4. Indian Institute of Management (IIM), Amritsar
5. Chitkara Business School, Chitkara University
6. punjab University (PU), Chandigarh
7. Universal Business School (UBS), Mohali
8. Gian Jyoti Institute of Management and Technology (GJIMT), Chandigarh
9. PML SD Business School, Chandigarh
10. Amity University, Punjab
The best recruiters
Aditya Birla group | Flipkart | |
HDFC Bank | Wipro | Amazon |
Asianpaints | Myntra | Meesho |
University name | Top recruiters |
Lovely Professional University (LPU) | Microsoft |
Asian Paints | |
Flipkart | |
Wipro Ltd. | |
HDFC Bank | |
Tech Mahindra | |
Chandigarh University (CU) | Mindtree |
Tata Technologies | |
Deloitte | |
HDFC Bank | |
Birla Soft | |
Amazon | |
Panasonic | |
Dell | |
Schindler | |
Thapar Institute of Engineering & Technology | American Express |
KPMG | |
Deloitte | |
Ernst & Young | |
Tata Consultancy Services (TCS) | |
Nestle | |
Siemens | |
PwC | |
Indian Institute of Management (IIM), Amritsar | Bisleri |
BenQ | |
Aditya Birla Capital | |
Accenture | |
Cipla | |
Deloitte | |
Ernst & Young | |
HDFC Bank | |
Chitkara University | Pfizer |
Decathlon | |
Abbott | |
Airtel | |
Cipla | |
Citi Bank | |
ICICI Bank | |
Deloitte | |
Yes Bank | |
Morgan Stanley | |
Panjab University (PU), Chandigarh | Amazon |
American Express | |
Bharti Airtel | |
Dabur | |
Concentrix | |
Goldman Sachs | |
Universal Business School (UBS), Mohali | Oracle |
Aditya Birla Group | |
Dell | |
Nokia | |
Ceat | |
Cipla | |
ICICI Bank | |
Gian Jyoti Institute of Management and Technology (GJIMT), Chandigarh | Axis Bank |
Federal Bank | |
Philips | |
JCBL | |
Tata Consultancy Services (TCS) | |
Jaro Education | |
IndusInd Bank | |
Wipro | |
PML SD Business School, Chandigarh | Luminous |
Ernst & Young (EY) | |
PWC | |
Tynor | |
Code Young | |
Tech Mahindra | |
Turing | |
Yes Bank | |
Amity University, Punjab | Accenture |
Aditya Birla Group | |
Airtel | |
Deloitte | |
Ernst & Young (EY) | |
Flipkart | |
Cipla | |
Capgemini |
Thus, Punjab is one of the states in India that offers numerous alternatives of MBA colleges and institutes with excellent facilities for learning, teaching support, student service support, placement and more. The best colleges in Punjab for mba have been classified by NIRF as some of the best in the country and accredited by a number of approving bodies for their quality teaching and learning facilities.
Q1. Which is the best MBA college in Punjab?
Ans. According to the 2023 NIRF rankings for the Management category, the top MBA institution in Punjab is Lovely Professional University (LPU), located in Phagwara. It was ranked as the 32nd best institution for management education in the country.
Q2. Which is the best city for MBA in Punjab?
Ans. Chandigarh, along with Mohali and Patiala are the cities of Punjab with the largest number of reputed institutions for MBA education. Amritsar is also home to a number of top MBA colleges and institutions.
Q3. What are the MBA Fees in Punjab?
Ans. Since Punjab is home to a number of private institutions, the average fee range for completing an MBA from there is between INR 4 lakhs to INR 7 lakhs for the entire course.
Q4. Which is the best public university in Punjab?
Ans. The Indian Institute of Management (IIM) Amritsar is Punjab's premier public institution for management. It has been ranked by NIRF (2023) as the 51st best institution in India for management education.
Q5. Which is the best private college for MBA in Punjab?
Ans. Lovely Professional University or LPU, Phagwara has been identified by NIRF (2023) as the best private institution for management education in Punjab. NIRF has also been ranked as the 32nd best private institution for management education in India.
Q6. What is the average salary of MBA graduates in Punjab?
Ans. The average salary that an MBA graduate can earn in Punjab is INR 4 LPA to INR 7 LPA.
Q7. Which MBA college is best for internships in Punjab?
Ans. Chandigarh University (CU), IIM Amritsar and Universal Business School are among the top institutions in Punjab that offer excellent placement services in Punjab for MBA.