Top MBA Colleges in Odisha 2024: Fees, Admissions, Placements & Rankings

Best MBA Colleges in Odisha: Highlights 2024

When we talk about the best MBA Colleges in Odisha, there are many on the list. The State is home to about 144 MBA colleges (29 Government and about 115 Private ones), with the numbers increasing every year. XIMB, ranked 20 by India Today 2023 statistics, stands in the hub of the capital of Bhubaneswar, and then there is IIM Sambalpur which is ranked 43 by India Today. Other popular colleges are XIM ranked 46 by NIRF and KIIT, ranked 16 by NIRF.

Admission Process for Top MBA Colleges in Odisha

There are certain eligibility criteria you need to meet to get admission to MBA colleges in Odisha. The details are enunciated as follows:

Educational Qualifications

The basic educational qualification that candidates need to meet is that they should graduate in any field except for Fine Arts with a minimum of 60% of the criteria. So, a bachelor's degree with a good and consistent academic record is all you need to be eligible for giving MBA exams.

Entrance Exams

The next step is to appear for exams like CAT, XAT, or MAT to secure admission to Top MBA colleges in Odisha. State-level exams like OJEE (Odisha Joint Entrance Exam) scores are also accounted for in some MBA colleges in Odisha.

Selection procedure

Upon scoring a certain percentile in the MBA exams (which may vary), colleges will call you for the next steps of Group Discussion (GD) and Personal Interview. They might even conduct multiple PI (Personal Interview) rounds, as a pressure test. The number of rounds may vary from college to college. However, the overall score of the written exam, GD, and PI will be taken into account for your final selection.

Entrance Exams for Best MBA Colleges in Odisha

the best MBA colleges in Odisha, the most popular and coveted exam is the CAT (Common Aptitude Test) as most of the MBA colleges in Odisha take this into account. Also, XIMB, a premier college accepts students via XAT (Xavier Aptitude Test). But there are also state-specific exams such as OJEE (Odisha Joint Entrance Exam) and CUET-PG (Common University Entrance Test for Post Graduation) whose results are counted in many colleges. So, there are defined exams like the CAT which are held at the national level, and others at the state level like OJEE, just check out the ones that suit your profile and attempt it.

To get a generic idea, here is a synopsis of the total no of colleges that accept different entrance exams

• Around 87 colleges accept the CAT scores,
• 83 colleges in Bhubaneswar accept the XAT score.
• CMAT score is accepted by 25 colleges
• OJEE scores are accepted by more than 100 colleges.

There are certain percentages of seats allocated in each college for taking up students from a particular exam. For example, XIMB takes a major portion of the students from the XAT entrance score; however, few seats are open to be filled with scores from CAT, MAT, OJEE, and CMAT. So, go through the college website and check for exams as mentioned below in the table that they consider, and then prepare for the same.

There are several entrance exams for top MBA colleges in Delhi. Some of the common entrance exams include:-

1). OJEE (Odisha Joint Entrance Examination)

• Registration Date: 25 January 2024
• Last Date: 25 MNarch 2024
• Exam Date: 6,7,8,9,10 May 2024

Odisha Joint Entrance Examination (OJEE) is an entrance exam used for admissions into various professional courses - including MBA - at colleges throughout Odisha. Aspirant MBA candidates can use OJEE to secure places at one of Odisha's premier management colleges.

MBA stands for Master of Business Administration and it is a postgraduate degree designed to equip individuals with the essential knowledge and skills needed to thrive in the ever-evolving business management world. Earning one from a reputable college in Odisha not only deepens one's understanding of managerial concepts but can open doors to lucrative career opportunities in diverse sectors like finance, marketing, human resources, operations, and many others.

2). CAT (Common Admission Test)

• Registration Date: first week of August 2024
• Last Date: Third Week of September 2024
• Exam Date: 24 November 2024

The Common Admission Test (CAT) is a nationally recognized entrance exam that serves as a gateway for prospective management students in Odisha to top management institutes across India and Odisha alike. Assessed on quantitative ability, data interpretation, verbal reasoning skills, and analytical abilities - scoring well opens doors to top MBA programs allowing an exciting journey ahead in academia and professional life.

3). XAT (Xavier Aptitude Test)

• Registration Date: 15 Jul 2023
• Last Date: 10 Dec 2023
• Exam Date: 7 January 2024

The Xavier Aptitude Test (XAT) stands as a revered entrance examination for MBA aspirants, extending its influence to some prestigious management colleges in Odisha. Recognized nationally, XAT evaluates candidates on diverse parameters such as quantitative ability, decision-making, verbal, and logical ability, among others. Scoring well in XAT opens avenues to esteemed MBA programs, fostering a pathway to quality education and potential career opportunities in the vibrant landscape of Odisha's management institutions.

4). CMAT (Common Management Admission Test)

• Registration Date: Third Week of March 2024
• Last Date: 18 April 2024
• Exam Date: 5 May 2024

(CMAT) Common Management Admission Test holds immense value for MBA aspirants aiming to enroll at esteemed management colleges, such as those located in Odisha. CMAT assesses candidates on their proficiency in quantitative techniques, logical reasoning, language comprehension, and general awareness - skills on which CMAT evaluates candidates. Achieving a good CMAT score opens doors to quality MBA programs in Odisha which offer academic growth and career growth prospects within this dynamic arena of management.

5). MAT (Management Aptitude Test)

• Registration Date: 20 Feb 2024
• Last Date: 28 May 2024
• Exam Date: 2 June 2024

The Management Aptitude Test (MAT) is an esteemed examination that serves as the gateway into esteemed MBA colleges in Odisha. Recognized nationally, MAT tests candidates on areas like language comprehension, mathematical skills, data analysis, and critical thinking - providing access to esteemed MBA programs that foster academic excellence while offering pathways into management fields of endeavor.

What is the next step after taking the MBA entrance exam?

The next step after taking the desired MBA exam is to wait for the results. Based on the percentile that you get you will be called to a college to sit for group discussion (GD) and Personal Interview (PI). These are rounds to help gauge personality and also act like a pressure test.

Once you complete the process, the colleges that shortlist you will send a confirmation letter. Thereafter you can get admission to one of the top MBA Colleges in Odisha and make your dream of entering the business world a reality.

Private For Top MBA Colleges in Odisha

Odisha is proud to have some of the top private colleges in India. Kalinga Institute of Industrial Technology ranks 16th as per India Today 2023 stats and is accredited by bodies such as AICTE, DCI, MCI INC, and BCI. The placements are also great here with average salary packages ranging between five to fifteen lakhs per annum. Additionally, there are other Private MBA Colleges in Odisha as mentioned below which are worth taking admission into.

Government For Top MBA Colleges in Odisha

Government MBA colleges such as IIM Sambalpur have carved a niche for themselves in the recent present making their way in the list of Best MBA Colleges in Odisha. IIM Sambalpur ranks 58th in the NIRF list making it one of the most sought-after MBA colleges in Odisha. Also, there are other handful government colleges, which you can check in the table below that speak of impeccable study curricula.

Which City in Odisha Hosts the Best MBA College?

Bhubaneswar is the city that hosts the top MBA Colleges in Odisha. A total of over 85 recognized MBA colleges are available in the city. Bhubaneswar is also home to the prestigious Xavier Institute of Management and KIIT, which rank amongst the top 50 colleges in India in the MBA segment.

Also, Bhubaneswar is the capital city and has ample eating joints, gigantic malls, and parks, offering a plethora of options for students to engage themselves in. Bhubaneswar also has many corporates and branches of MNCs like Infosys, and Samsung, hence offering a good platform for networking professionals. Furthermore, Bhubaneswar is well connected via flights, trains, and buses and also boasts of slightly higher side hot weather.

Second to Bhubaneswar, Khurda is the second city that has about 21 colleges. It is located around 25 kilometers from Bhubaneswar and is connected well via roads. Khurda is also a beautiful place dotted with temples.

Another plus point about the cities is that they are located close to places like Chilika Lake, Konark Temple, and Chandaka Beach which are hidden treasures of Odisha. These places nearby allow students to refresh their minds on and off, ensuring their holistic development.

Fee Structure For the Best MBA Colleges in Odisha

The fee structure of MBA Colleges in Odisha differs based on various parameters. For example, Government college fees start from a range of 50,000 to 3,00,000 to around 10.5 Lakhs for IIM Sambalpur. XIMB which is considered to be one of the premier B-Schools fees is around 12.2 Lakhs. KIIT and IMI have 10.3 and 13.2 lakhs fees respectively.

Overall, we can conclude that fees of Private MBA Colleges in Odisha range from 10-15 Lakhs, whereas for government MBA colleges the range is between 50, 000 to 10 lakhs. Compared to other colleges in India, MBA Colleges in Odisha are reasonable and are a great choice if you have a ballpark number for fees.

Best Average Salary Package of MBA Colleges in Odisha

The average salary package of colleges like XIMB ranges from INR 20,00,000 to INR 40,00,000. Last year, the highest package of the college was a whopping 75 lakhs. Other colleges like XIM, IIM Sambalpur, and KIIT also cite their starting package to be around 20-25 lakhs in reputed companies, boasting premier-level placements.