10 Best MBA Colleges in Chennai: Fees, Courses and Placement

  • By Kirti Yadav
  • 1 December 2021
Top MBA colleges in Chennai | Sunstone

Chennai, the gracious capital city of Tamil Nadu is the fourth largest metropolis in India. Chennai is a vibrant city ever-growing, expanding and changing every year. Popularly regarded as the "Gateway to the South", Chennai presents a culture that is distinctly different from that of northern India. Music, dance and all other art forms of the South are cherished and nurtured in this city which, though industrialized, continues to be traditional and conventional in many ways.

Best MBA colleges in Chennai | Sunstone
Image Source: iStock

According to the "Location Ranking Survey" done by ECA International, Chennai has the highest quality of life among Indian cities, ahead of the other three metros and Bangalore. With a booming economy, Chennai also presents itself with a plethora of eminent educational colleges and institutes with remarkable MBA programmes. With the rise in start-ups and corporates finding a place for themselves in the city, Chennai creates an ideal blend for candidates who want to pursue an MBA.

Why MBA?

MBA is one of the most popular post-graduate courses in India and abroad. The full form of MBA is Master of Business Administration. For most managerial level jobs across domains and sectors, an MBA degree is a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for an MBA in post-graduation.


MBA admission is based on MBA entrance exams followed by a personality assessment test round (Group Discussion or GD, Written Ability Test or WAT and Personal Interview or PI). Typically, students are required to have more than 50 per cent in their undergraduate degree from any stream in order to pursue an MBA course. The most popular reasons to pursue an MBA are:

  • An MBA degree can help you earn a greater wage.
  • If you get your MBA from a top-tier school, you'll have a leg up on the competition.
  • An MBA provides you with the knowledge and abilities you need to advance in your career.

Top MBA Colleges in Chennai

IIT, Madras

The Department of Management Studies was founded in 2004 to accommodate the popular Master of Business Administration degree, which has been offered since 2001 and now has India's biggest number of management research academics.

Their work is routinely published in prestigious publications all over the world. The department has won worldwide accolades as well as 'best paper' prizes for their PhD thesis and is frequently recognised in the literature.

MBA colleges in Chennai with low fee structure | Sunstone
Department of Management Studies
Image Source: getmyni

  • Fee Structure: 13.50L
  • Exam Accepted: XAT
  • Average Placement Salary: 10.6LPA
  • Nearby Hangouts: Campus Cafe, Cafe Spark, Poppies Cafe, Cafe Puriology
  • Contact Number: 044 2257 4550
  • Address:  Delhi Avenue, Gajendra Circle, Indian Institute Of Technology, Chennai, Tamil Nadu 600036 (Get Directions)

Great Lakes Institute of Management

Dr. Bala V Balachandran, Padma Shri awardee and Professor Emeritus of Accounting Information & Management at the Kellogg School of Management, created Great Lakes Institute of Management (GLIM) in 2004. It currently has two campuses, one in Chennai and the other in Gurgaon. The institute provides full-time management programmes such as the PGDM, PGPM, PGXPM, and PGPM Flex. The All India Council for Technical Education has approved it (AICTE).

Great Lakes Institute of Management - Best MBA college | Sunstone
Great Lakes Institute of Management
Image Source: Wikipedia

  • Fee Structure: 11.76L
  • Exam Accepted: XAT
  • Average Placement Salary: 13.9LPA
  • Nearby Hangouts: Anu Cafe, Tea Town, Om Sakthi Cafe, Northern Flavors Cafe
  • Contact Number: 0124 286 5800
  • Address: Bilaspur-Tauru Road, Near Bilaspur, Chowk, NH-8, Gurugram, Haryana 122413 (Get Directions)

Loyola Institute of Business Administration

The Loyola Institute of Business Administration (LIBA) was founded in 1979 on the campus of Loyola College with the mission of developing competent and committed leaders who are ethical, principle-centred, and socially responsible, with a global perspective and entrepreneurial spirit. The Jesuits of the Loyola College Society run LIBA. LIBA primarily offers a two-year full-time PGDM programme that is AICTE-approved and AIU-recognized.

Loyola Institute of Business Administration - Top MBA college | Sunstone
Loyola Institute of Business Administration
Image Source: Magzter

  • Fee Structure: 15.38L
  • Exam Accepted: XAT
  • Average Placement Salary: 10LPA
  • Nearby Hangouts: Crisp Cafe, Coffee Central, Tryst Cafe, Writer's Cafe
  • Contact Number: 044 2817 7100
  • Address: Loyola College Campus, Chennai, Tamil Nadu 600094 (Get Directions)

Anna University

Anna Institution is a state-run public university in Tamil Nadu, India. Chennai is home to the main campus. It was founded on September 4, 1978, and is named after C. N. Annadurai, the previous Tamil Nadu Chief Minister. The university uses a dual semester structure and offers engineering and technology courses through its affiliated institutions. Every year, the university holds examinations in May–June for the even semester and November–December for the odd semester. Students in the first semester have exams in January.

Anna University - MBA college in Chennai | Sunstone
Anna University
Image Source: The Indian Express

  • Fee Structure: 20K (For 1st Year)
  • Exam Accepted: TANCET
  • Average Placement Salary: 4.75LPA
  • NearHby Hangouts: Chlorophyll Cafe, Gourmet's Basket, Twinkles Cafe, Madras Cafe
  • Contact Number: 044 2235 7080
  • Address: Anna University, Guindy, Chennai, Tamil Nadu 600025 (Get Directions)

Hindustan University of Technology and Science

HINDUSTAN INSTITUTE OF TECHNOLOGY & SCIENCE (HITS), a deemed university in Chennai, Tamil Nadu, is a famous and well-known college in India. It was founded in 1985 and now provides Undergraduate, Postgraduate, Diploma, Research, and Doctoral programmes in a variety of subjects including Engineering, Technology, Architecture, Management, Law, Fashion, Design, and Arts, Aviation, Applied Sciences, Allied Sciences, and Arts and Sciences. AICTE has authorised technical courses at the undergraduate and graduate levels.

Hindustan University of Technology and Science - College for MBA in Chennai | Sunstone
Hindustan University of Technology and Science
Image Source: Careers360

  • Fee Structure: 2.20L
  • Exam Accepted: XAT
  • Average Placement Salary: 3.6LPA
  • Nearby Hangouts: 9.0 Career Cafe, Bukhara Restaurant, Athma Cafe, Leo Coffee
  • Contact Number: 1800 425 44 38
  • Address: P.B.No. 1306, #40, GST Road, St. Thomas Mount,
  • Chennai , Tamilnadu, India (Get Directions)

Bharath University

Dr S. Jagathrakshakan founded Bharath Institute of Science and Technology (BIST) in 1984 as the first self-financing Engineering College in Tamil Nadu with Sri Lakshmi Ammal Educational Trust. In 1989, the trust founded Sree Balaji Dental College and Hospital. In July 2002, the MHRD designated Sree Balaji Dental College and Hospital as a Deemed to be University under section 3 of the UGC Act 1956, and it was transferred to the Bharath Institute of Higher Education and Research (BIHER).

Bharath University - Best MBA college in Chennai | Sunstone
Bharath University
Image Source: shiksha.com

  • Fee Structure: 1.0L
  • Exam Accepted: XAT
  • Average Placement Salary: 3.0LPA
  • Nearby Hangouts: Cafe Di Milano, The Spice Lab, Mala-Akbari, Manhattan Bar and Brewery
  • Contact Number: 2229 0125
  • Address: Bharath University Men's Hostel, Tiruvanchery, Selaiyur, Chennai, Tamil Nadu 600126 (Get Directions)

Sairam Institute of Management Studies

The Sairam Institute of Management Studies (SIMS) was founded in Chennai, Tamilnadu, in 1998. The institute has been certified by the AICTE and is classified A4 in the All India Business Standard Ranking 2016. It offers a two-year full-time MBA programme that is accredited by the AICTE and connected with Anna University Chennai. Apart from MBA programmes, the institute also provides Business Analytics, Lean Six Sigma, and NCFM (National Stock Exchange Academy Certification in Financial Markets) courses.

Sairam Institute of Management Studies - Top MBA college in Chennai | Sunstone
Sairam Institute of Management Studies
Image Source: CollegeDunia

  • Fee Structure: 75K (For 1st Year)
  • Exam Accepted: MAT
  • Average Placement Salary: 2.95LPA
  • Nearby Hangouts: Made in Madras Cafe, Sairam's Sambhar Cafe, Avartana Restaurant, Nasi and Mee Asian Canteen
  • Contact Number: 044 4226 7777
  • Address: Sairam College Rd, Sai Leo Nagar, Tambaram West, Chennai, Tamil Nadu 600044 (Get Directions)

IIKM Business School

IIKM Business School is one of the country's fastest-growing B-Schools, offering industry-focused degrees in a variety of management fields. IIKM is a non-profit organisation inspired by a love for education and student empowerment. It is known as the first business school in Chennai, Tamil Nadu, and Kerala (India) to partner with global IT vendors Microsoft and SAP to provide high-end ERP training.

IIKM Business School - Best college for MBA in Chennai | Sunstone
IIKM Business School
Image Source: CollegeDunia

  • Fee Structure: 3.75L
  • Exam Accepted: XAT
  • Average Placement Salary: 3.2LPA
  • Nearby Hangouts: Rotana Restaurant, Riso Cafe, The Bread Bar, The Greenhouse Barbeque
  • Contact Number: 098090 02000
  • Address:  857, Poonamallee High Rd, Kilpauk, Chennai, Tamil Nadu 600010 (Get Directions)

ITM Business School

ITM Business School was founded in Chennai in 1993. HRM, Marketing, Business Analytics, and Finance are among the specialisations available through PGDM iConnect. The B-School is accredited by the AICTE and has campuses in Navi Mumbai, Mumbai, Warangal, Chennai, Vadodara, and Raipur. According to the Times B-School Survey 2018, ITM Business School in Chennai is placed 23rd.

ITM Business School - Top college for MBA in Chennai | Sunstone
ITM Business School
Image Source: GetmyUni

  • Fee Structure: 4.95L (For 1sy Year)
  • Exam Accepted: XAT
  • Average Placement Salary: 8.5LPA
  • Nearby Hangouts: Itminaan Biryani House, Hotplates Cuisines, Foodaholic Restaurant, Bayview Restaurant
  • Contact Number: 084339 73027
  • Address: No. 11/D14, 4th Main Road, SIPCOT IT Park, Old Mahabalipuram Road Pudupakkam, Post, Siruseri, Tamil Nadu 603103 (Get Directions)

Measi Institute of Management

MEASI Institute of Management is a non-profit organisation dedicated to the advancement of management The MEASI MBA programme began in 1987. MEASI MBA is a stand-alone institution that offers MBA and PhD in Management degrees. The MIM Entrance Test is used to determine admission, followed by an interview. The application is available in online mode.

MEASI Institute of Management - MBA college in Chennai | Sunstone
Measi Institute of Management
Image Source: shiksha.com

  • Fee Structure: 4.50L
  • Exam Accepted: TANCET
  • Average Placement Salary: 3.0LPA
  • Nearby Hangouts: Seema Restaurant, Roseberry Foods, Kayal Mess, Minar Hotel
  • Contact Number: 044 2835 1050
  • Address:  127, Peters Rd, Peters Colony, Royapettah, Chennai, Tamil Nadu 600014 (Get Directions)

MBA Colleges in Chennai With Own Exam and Direct Admission

S.No. College Name
1. Sathyabama University
2. Indian Institute of Logistics
3. Dr MGR Educational and Research Institute
4. Vels University
5. SSN School of Management

Career Scope for MBA Graduate in Chennai

Chennai is South India's main industrial and commercial city. According to recent estimates, the Chennai Metropolitan Area's economy is worth between US$78.6 and US$86 billion (over $200 billion with industrial zones; PPP GDP), making it India's fourth-to-fifth most productive metro area, and the third-highest in terms of GDP per capita.

According to the "Location Ranking Survey" done by ECA International, Chennai has the highest quality of life among Indian cities, ahead of the other three metros and Bangalore. Chennai rose from 179th place in 2002–03 to 138th place in 2006–07. It has risen from 31st place in 2002–03 to 26th place in Asia in terms of livability. All of these factors make an ideal mix for Chennai to be a perfect place for MBA graduates in terms or career scope as well as quality of life.

Cost of Living in Chennai

Chennai is considered as South India's most important cultural, economic, and educational centre. Chennai, located on India's southern coast, attracts the greatest number of foreign visitors. Chennai, which is also India's safest city, is known for its hospitality and is one of the world's best cities. Chennai attracts not only visitors, but also students and job seekers, not only because of its low cost of living, but also because of its excellent educational infrastructure and the presence of numerous large corporations.

Category Cost (monthly) in Rs.
Rent 4,000
Transportation 2,200
Food and Utilities 2,100

Wrapping-Up!

All of the aforementioned top MBA colleges in Bhopal follow a placement-oriented strategy that allows students to concentrate on both practical and theoretical training.
Sunstone follows the same ideas, emphasising placements through collaborations with premier universities across the country. By requiring students to pay only after they have been placed, the pay after placement technique assures that knowledge is accurately translated into results. Their total monthly salary is used to calculate the fee. This relieves them of financial stress while also encouraging them to achieve their objectives.

What are the best MBA colleges in Chennai, placement-wise?

1. IIT, Madras
2. Great Lakes Institute of Management
3. Anna University
4. ITM Business School
5. IIKM Business School

Tourist spots to visit in Chennai?

1. Marina Beach
2. Government Museum
3. Santome Cathedral Basilica
4. Fort St. George
5. Guindy National Park

Best places to live in Chennai for students?

1. Teynampet
2. Adyar
3. Tambaram
4. Anna Nagar
5. Nungambakkam

Is Chennai cheap to live in?

Yes, the monthly average cost to live in Chennai is around 6-7K which makes it an affordable place to live in.
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