Top 16 MBA Colleges for Operations Management in India 2024 (2024)

Operations, as the terms suggest, is managing a business’s inner workings in a way that it can run most efficiently. Before we dive into discussing Top MBA Colleges for Operations in India, let us first understand the purpose of Operations in an organisation. The primary function of operations management is to streamline the production processes, ensuring optimal utilization of available resources. Its overarching objective is to facilitate the realization of the organization’s desired business goals. Operations management encompasses a comprehensive set of responsibilities, including meticulous planning, structured organization, and diligent supervision of the entire production cycle, from the initial input stage to the final output delivery. By exercising judicious control over these critical aspects, operations management plays a pivotal role in enhancing operational efficiency and fostering organizational success.

Discussing the Top MBA Operations Colleges in India

There are many MBA colleges in India that offer courses in Operations Management. Here, we have mentioned some of the Top B-schools you can aim for, if you are looking for the best MBA Operations colleges in India.

1. XLRI, Jamshedpur

Xavier Labour Relations Institute, Jamshedpur is considered to be the Best MBA College in India for the Human Resource Sector. The college is also known for its reputation in the operation field. It is the oldest B-school in India, founded in the year 1949.XLRI is also known for its cheerful and jovial college culture. It is also one of the few B-schools that have a well-balanced gender ratio. It offers courses in PGDM(BM), PGDM(HR), PGDM(GM), and various other post-graduate management Programs.
Top recruiters visiting XLRI Jamshedpur are Bain & Co., Ericsson Global, Tech Mahindra, Deutsche Bank, Deloitte, and Cognizant, among others.

• Fees: 25.8 lakh
• Average Package: 29.89 LPA
• Highest Package: 75 LPA
• Batch Size: 420

2. IIM Bangalore

IIM Bangalore was established in the year 1973, it was the third IIM to be established in the country.
The college offers various Post-graduation programmes, executive education programmes and specialized courses in areas such as entrepreneurship and public policy Particularly known as, Doctor of Philosophy (PhD), ~ 5 years, Full-time; Master of Management Studies (Public Policy), (MMS(PP)), 1 year, Full-time; Master of Business Administration (MBA), 2 years, weekend; Master of Business Administration (MBA), 1 year, Full-time; Master of Business Administration (MBA), 2 years, Full-time; Executive Education Programme (EEP).

• Fees: 24.5 lakh
• Average Package: 35.31 LPA
• Highest Package: 80 LPA
• Batch Size: 512 Students

3. Indian Institute of Management Calcutta (IIMC)

The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961. IIM Calcutta is Known as the best MBA College in India for Finance. The main campus of IIM Calcutta, covering 135 acres of area, is located in Joka, on the outskirts of Kolkata.
IIM Calcutta offers a two-year full-time MBA, a one-year full-time Post Graduate Diploma(PGPEX-VLM), a one-year full-time MBA for experienced executives(MBAEx), a Doctorate in Business Administration programme, a two-year full-time Post Graduate Diploma in Business Analytics, and a one-year full-time programme in Healthcare Management.

• Fees: 31 lakh
• Average Package: 35.07 LPA
• Highest Package: 1.2 CPA
• Batch Size: 462 Students

4. IIM Mumbai(NITIE)

Indian Institute of Management Mumbai (IIM Mumbai) previously recognized as the National Institute of Industrial Engineering, Mumbai (NITIE Mumbai), is a prestigious business school under the Ministry of Education (India), Government of India located in Powai near Vihar Lake in Mumbai and is ranked 7th among B-Schools of India as per NIRF 2023 rankings.

It was established by the Government of India in 1963 with the assistance of the United Nations Development Programme (UNDP) through the International Labour Organization (ILO) to create skilled professionals.

IIM Mumbai offers postgraduate diplomas in various fields of management and industrial engineering. It also offers doctoral-level fellowship programs. It is considered one of the best MBA colleges in India, for the Operation sector. Annually, IIM Mumbai trains over 2000 professionals through its various week-long Management Development Programs (MDPs) and unit-based programs (UBPs) in different areas of Industrial Engineering & Management.

• Fees: 21 lakh
• Average Package: 27.75 LPA
• Highest Package: 78.20 LPA
• Batch Size: 407 Students

5. S.P Jain Institute of Management & Research (SPJIMR), Mumbai

The Shreyans Prasad Jain Institute of Management and Research (SPJIMR) is a private non-profit B-school based in Mumbai, India. Founded in 1981 under the aegis of Bharatiya Vidya Bhavan, The institute offers several full-time and part-time management programs. SPJIMR is situated on a 45-acre campus, in the metropolis of Mumbai. It is one of the oldest MBA colleges in India.

SPJIMR offers several postgraduate full-time programs, such as a 2-year, Post-Graduate Diploma in Management (PGDM), a Full-time doctoral program, and a Fellow Programme in Management (FPM).

• Fees: 24 lakh
• Average Package: 33 LPA
• Highest Package: 81 LPA
• Batch Size: 300 Students

6. JBIMS, Mumbai

Jamnalal Bajaj Institute of Management Studies was founded in 1965 by the University of Mumbai. JBIMS has been a pioneer in management education and one of the best MBA colleges in India. It is consistently ranked among the top 10 premier B-schools in the country with a legacy spanning over the past 52 years.

The Masters in Management Studies offered at the JBIMS is its flagship course. A two-year, full-time post-graduate MBA course was started in 1965 and since then, has been updated periodically to match the needs of the corporate world. This college has nurtured many prominent leaders, it is also known as the CEO Factory of India. In the second year of this program, specializations are offered, such as Finance, Marketing, Operations, Systems, and Personnel.

• Fees: 6 lakh
• Average Package: 28.02LPA
• Highest Package: 35.75 LPA
• Batch Size: 150 Students

7. Indian Institute of Management Lucknow (IIML)

IIM Lucknow was established in the year 1984, as the 4th prestigious IIM in the country. IIM Lucknow is known for its Flagship PGP program. It is also recognised as an “Institution of Excellence” by India’s Ministry of Human Resource Development. It offers post-graduate diplomas, fellowships and executive programs in management.

• Fees: 20.7 lakh
• Average Package: 32.20 LPA
• Highest Package: 1.23 CPA
• Batch Size: 571 Students

8. SJMSOM, Indian Institute of Technology Bombay (IITB)

Shailesh J. Mehta School of Management (popularly known as SJMSOM or simply SOM) is a public business school and part of the Indian Institute of Technology Bombay. SJMSOM was established in 1995. In 2000, the school was renamed to Shailesh J. Mehta School of Management, in honor of Dr. Shailesh J. Mehta who is a Mechanical Engineer graduate of IIT Bombay.

SJMSOM conducts education and research in leadership, economics, marketing, entrepreneurship, organizational behaviour, technology management, operations, strategy, and other areas. The school offers a full-time degree course (Master of Business Administration), a doctoral course, and Management Development Programs (MDP) for company representatives.

• Fees: 14 lakh
• Average Package: 28.88 LPA
• Highest Package: 54 LPA
• Batch Size: 120 Students

9. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

NMIMS Mumbai is one of the best MBA colleges in India. Narsee Monjee Institute of Management Studies (abbreviated as SVKM’s NMIMS) is a private deemed university located in Mumbai. What started with baby steps in 1981, NMIMS has today emerged as a globally reputed university.

NMIMS Mumbai Programme and the courses Offered By NMIMS Mumbai include MBA, MBA-HRM, MBA- Pharmaceutical Management with a wide range of specializations.

• Fees: 24 lakh
• Average Package: 26.63 LPA
• Highest Package: 67.80 LPA
• Batch Size: 600 Students

10. Indian School of Business, Hyderabad

The Indian School of Business (ISB) is a non-profit business school established in India in the year 2001. It has two parallel campuses in India, in Hyderabad (Telangana) and Mohali (Punjab). Hyderabad Campus is the older Campus, which spreads across 260 acres.
The institute is known for its Global Collaborations, Outstanding Faculty, and International Exposure. It offers certificates in various post-graduate management programs.

• Fees: 41.78 lakh
• Average Package: 33.26 LPA
• Highest Package: 66 LPA
• Batch Size: 900

12. SIOM, Nashik

Symbiosis Institute of Operations Management, Nashik is an AICTE-approved private institute for higher education in Nashik, Maharashtra, it was established in the year 2005. SIOM Nashik offers an MBA in Operations Management and Agriculture. The institute is famous for its program in Operation Management.

• Fees: 13.20 lakh
• Average Package: 11.25 LPA
• Highest Package: 30 LPA
• Batch Size: 145 Students

12. VGSOM, Indian Institute of Technology Kharagpur (IIT–KGP)

Vinod Gupta School of Management was set up in the year 1993. It is the first MBA College in India to be established with the Indian Institutes of Technology. Candidates at VGSOM get to enjoy the rich campus life of IIT Kharagpur. It offers various courses in post-graduation management programs, such as MBA; Executive MBA; PhD; and Post-Graduate Diploma in Business Analytics.

• Fees: 9.08 lakh
• Average Package: 22.13 LPA
• Highest Package: 43.37 LPA
• Batch Size: 94 Students

13. DMS, Indian Institute of Technology Delhi (IITD)

The Department of Management Studies, IIT Delhi, also known as DMS IIT Delhi, is a school of management education and research in the Indian Institute of Technology, Delhi. The department was established in 1993 by an amendment in IIT Delhi statutes, which currently runs a two-year full-time MBA program with a focus on Management Systems, a two-year full-time MBA with a focus on Telecommunication Systems Management under the aegis of Bharti School of Telecom Technology and Management and a three-year on-campus evening MBA program with a focus on Technology Management.

• Fees: 11.20 lakh
• Average Package: 25.82 LPA
• Highest Package: 41.30 LPA
• Batch Size: 115 Students

14. DMS, Indian Institute of Technology Madras (IITM)

Department of Management Studies (DoMS), IIT Madras was established in the year 2004 as a home to the popular Master in Business Administration course being taught since August 2001. The institute offers courses in MBA; EMBA; Research Programmes; PGPEX-VLM-Programme; and Management Development Programme (MDP).

• Fees: 8 lakh
• Average Package: 20.19 LPA
• Highest Package: 30.60 LPA
• Batch Size: 100 Students

15. GLIM, Chennai

Great Lakes Institute of Management, Chennai was founded in 2004 by Padma Shri Awardee Dr. Bala V. Balachandran is one of the top MBA colleges in India. Within a short span of 20 years, GLIM Chennai has emerged as a top-ranked business school. GLIM Chennai Residential Campus is 9 km far from Mahabalipuram (UNESCO Heritage site) towards Pondicherry on East Coast Road. At the postgraduate level, the institute offers PGXPM, PGPM FLEX, PGPM, PGDM, Digital Marketing, Corporate Learning and Development, and various other courses to students.

• Fees: 14.77 lakh
• Average Package: 14.5 LPA
• Highest Package: 46 LPA
• Batch Size: 400 Students

16. FORE School of Management, New Delhi

The Foundation for Organisational Research and Education (FORE) is committed to the advancement of Management Education, Research, Training and Consultancy. Incorporated in 1981, as a non-profit institution, FORE has been working with industry and academia to develop new domains of managerial thought and education and contributing to building leaders in today’s global business environment.

FORE School of Management is amongst the best MBA colleges in India and offers popular AICTE-approved PGDM, PGDM (IB), PGDM (FM), and PGDM (BDA) programs with dual specialization.

• Fees: 18.27 lakh
• Average Package: 15.10 LPA
• Highest Package: 30 LPA
• Batch Size: 400 Students

Where to Prepare For CAT 2024?

In order to get into these top colleges one needs to clear MBA Entrance Exams. If you are looking for structured CAT preparation along with 24*7 doubt-solving, you can rely on iQuanta’s CAT 2024 Course. Practice the most relevant CAT level content with iQuanta.