Top MBA colleges in Varanasi: Fees, Placement, Cutoff, Rank & Scope

Varanasi is a holy city that has immense religious significance. It is also a bustling tourist destination where tourists from all across the globe converge to take in the beautiful sites and a milieu of culture that blends around the river Ganges. Varanasi is an ancient town situated in the state of Uttar Pradesh and is one of the state's major cities. Of late, it has emerged as a hub for higher education, with various institutes and universities offering quality education.

MBA or Master of Business Administration is one the top choices for choosing from numerous courses and programs that universities offer all across India. There are various valid reasons why MBA is such a revered option for students from diverse academic backgrounds. An MBA graduate is regarded highly in the corporate sphere as MBA graduates possess a comprehensive skill set coupled with proficiency in the technical aspect of management. MBA also promises a stable career and a steady trajectory of career growth.

MBA Colleges in Varanasi Accepting CAT

CAT is one of the entrance tests recognised by the majority of India's top MBA colleges. The Indian Institute of Management (IIMs) administers the Common Entrance Test (CAT), a computer-based national level entrance exam for admission to management institutes.

MBA Colleges in Varanasi Accepting MAT and CMAT

There are over 1400 MBA colleges in India that accept MAT scores for admission. Students who pass the MAT exam are eligible for admission to over 800 business schools that accept MAT results. In comparison to the MAT and ATMA, the CMAT is a higher-level national MBA entry exam. CMAT allows students to apply for higher-level MBA/PGDM programmes.

MBA Colleges in Varanasi With Own Exam and Direct Admission

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Varanasi MBA Colleges With High Placement

MBA Specializations offered by Colleges In Varanasi

Many students who have made up their mind to pursue an MBA often find themselves perplexed when choosing the right stream or specialization for themselves. While no one size fits all, one can still make an objective assessment of all the specializations on offer and choose the one that suits them the best. Before choosing the right specialization, you must be aware of your capabilities, personal preference, and career choices. Let us have a look at specialization offered by MBA colleges in Varanasi -

• MBA in Marketing- It focuses on imparting knowledge and skills to students to match consumer needs with a company's marketing strategies.
• MBA in Finance- It focuses on planning and controlling the financial assets of a company. 
• MBA in Human Resource Management- It imparts skills and knowledge to manage the human resources of the company. The course comprises recruiting, training, and team building. You will also be taught superior communication skills that are necessary to operate in a company.
• MBA in Business Analytics- Teaches students how to create business strategies based on data. Students learn the processing of data to solve problems and make strategies. 
• MBA in Operations- This teaches students to manage efficiently the production and distribution of goods and services produced by the organization. 
• MBA in Logistics and Supply Chain Management- This field deals with controlling the flow and storage of goods and services from the production to the consumer.
• MBA in Sales- Students learn how to grow sales of a product or service over time and attract more customers.
• MBA in Retail management-  Retail management is the art of attracting and bringing customers into stores and fulfilling their needs. This specialization will teach students how to streamline retail operations.
• MBA in BFSI- This degree teaches students how to plan, control and manage financial resources in an organisation.
• MBA in Digital Marketing- It focuses primarily on promoting products and service through online platforms.

Eligibility Criteria for MBA Varanasi 

Though the eligibility criteria may vary from one college to another, below is the basic criteria followed by most MBA colleges in Varanasi –

• Candidates must have completed graduation from a recognized university or an equivalent course from a recognized university.
• Candidates must have scored a minimum of 50% overall score in graduation to be eligible for MBA (For students of reserved category, the minimum score is 45%)
• Students in the final year of their graduation can also apply for MBA, provided they complete their graduation in time.

Admission Process for MBA colleges in Varanasi

If you have made up your mind to pursue an MBA, the first question you will ask yourself is: what is the procedure to get admission into an MBA college in Varanasi. Though different colleges follow different procedures for admission into MBA, it will be safe to outline a general procedure that most colleges follow. So, let us have a detailed step by step look into the various steps involved in getting admission to college in Varanasi-

Firstly, students who wish to secure admission into an MBA college in Varanasi need to apply for various entrance tests conducted either nationally or state-wise to check their eligibility for admission into the MBA program offered by different colleges.

Secondly, students will have to appear for entrance tests for which they have applied. It is also necessary that students prepare thoroughly before appearing for the entrance tests as they have moderate to high difficulty levels.

Lastly, students must check their results for the entrance test they have appeared for; following which, they have to check the cut-off for different colleges. Some colleges also conduct interviews and separate written tests to check students' eligibility before giving them a seat in MBA.

Scope after MBA in Varanasi

The Indian industry for a long time has suffered due to the absence of the right skill set in management professionals, but the scenario has changed in the last few years. The industry is hiring professionals holding MBA degrees even from low fee MBA colleges to assume leadership positions. However, your MBA journey doesn’t have to end there, you can go for further education in the field of your choice. 

Top Study Scope After MBA

The Indian industry for a long time has suffered due to the absence of the right skill set in management professionals, but the scenario has changed in the last few years. The industry is hiring professionals holding MBA degrees even from low fee MBA colleges to assume leadership positions. However, your MBA journey doesn’t have to end there, you can go for further education in the field of your choice. 

• CFA (Chartered Financial Analyst) 

A chartered financial analyst (CFA) is a globally-recognized professional designation given by the CFA Institute, (formerly the AIMR (Association for Investment Management and Research)), that measures and certifies the competence and integrity of financial analysts. Candidates are required to pass three levels of exams covering areas, such as accounting, economics, ethics, money management, and security analysis.

• Financial Risk Manager 

Financial Risk Manager (FRM) is a professional designation issued by the Global Association of Risk Professionals (GARP). The GARP FRM accreditation is globally recognized as the premier certification for financial risk professionals dealing in financial markets. FRMs possess specialized knowledge in assessing risk and typically work for major banks, insurance companies, accounting firms, regulatory agencies, and asset management firms.

• Certified Information Systems Auditor

Certified Information Systems Auditor (CISA) refers to a designation issued by the Information Systems Audit and Control Association (ISACA). The designation is the global standard for professionals who have a career in information systems, in particular, auditing, control, and security. CISA holders demonstrate to employers that they have the knowledge, technical skills, and proficiency to meet the dynamic challenges facing modern organizations.

• Certification in Risk Management Assurance

The Certification in Risk Management Assurance (CRMA) is one of the latest certifications offered by the IIA, or the Institute of Internal Auditors. The CRMA certificate was introduced in 2013.As the name suggests, the certification covers the skills required for a professional to educate and counsel management and audit committees on risk management concepts. In short, the focus is on “risk” and “risk management.”

• Project Management Professional

Project Management Professionals are imperative in every industry. The demand is in terms of the skill requirements which vary between different industries and geographies. As per 2014 survey report by PMI, there will be huge opportunities for practitioners of Project Management. As companies recruit people from various cultural backgrounds, the need for project managers with a standardized set of skills increases. These project managers would be expected to undertake projects on system reorganizations, turn strategic vision into tangible goals, and ensure effective and agreed outcomes, while balancing various project constraints.

Job Opportunities after MBA in Varanasi

Studying at an MBA college in Varanasi will provide you with various job opportunities. It offers you a wide range of diverse job options to choose from. Let us have a detailed look at all the different job opportunities after pursuing MBA from colleges in Varanasi-

• Management Consultant - Many companies seek hired assistance from trained professionals called management consultants, which helps companies stay relevant in the competitive sphere. Management consultants provide diverse support to companies management by helping them in cost-cutting, solving management issues. Augment efficiency and maximize profits. Management consultants generally cater to specific industries.

• Information Technology Director - With the advent of technology, all business organizations rely heavily on information technology to manage the company. An IT director manages the IT department of the company and helps keep the system secure and available.

• Investment Banker - An investment banker raises capital for different business organizations and government agencies. An investment banker also helps in mergers, acquisitions, and other similar financial transactions. An investment should possess excellent communication skills coupled with mathematical prowess.

• Sales Manager - A sales manager manages the sales department of a company. His role consists of making new promotion strategies for the company, conducting training of sales personnel, evaluating customers' needs, analyzing the latest trends in markets, etc.

• Business Analyst - A business analyst analyses and understands the requirements of a business model and delivers efficacious solutions to it. Business analysts also deal with asset holders, investors, etc., by feeding them the data and requisite information pertaining to any project or business venture. The role of a business analyst is indispensable when it comes to assessing and managing new projects.

Cost of Living in Varanasi 

Varanasi is a modest city to live in. You can considerably manage your expenses to get by through your college years while spending less. The total cost of living in the city will largely depend upon the lifestyle choices you make.

Accommodation

 You can get a 1 BHK apartment or a single room for around Rs. 7,000 to Rs. 11,000. You can get a 2 BHK apartment or a single room for around Rs. 10,000 to Rs. 14,000. You can also opt for accommodation in hostels that management institutes provide.

Traveling

Your overall cost of travelling would depend upon the distance of your B school from your accommodation so it is recommended that you rent an accommodation near your college. If you opt for public transportation, it will cost you around Rs. 2000 a month

Groceries

 You can procure monthly groceries for yourself for around Rs 3,000.

Domestic Help

You can get domestic help for around Rs 2,000 in the city of Varanasi. This is the basic outlay of cost living; besides these, there can be added leisure, entertainment, etc.

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