Top 6 MBA Colleges In Goa 2024 - Admission, Fees, Exams

A coastal state in the western coastline of the Indian subcontinent, Goa is a thriving centre for tourism and hospitality activities. As a result, a management aspirant looking to pursue an MBA from a college/institute in Goa can get much exposure in these areas of specialisation. The MBA colleges in Goa are infrastructurally advanced and can aid in boosting the management career of students. 

In this blog we have consolidated essential information about the colleges and universities of Goa that offer an MBA course, so continue reading to know about the best institution for your further educational needs. 

Top 6 MBA Colleges in Goa 

There are around 8 management institutions in Goa that offer various courses at the undergraduate and postgraduate levels in the field of management. Of these, 6 institutions offer an MBA or equivalent PGDM course to candidates who have completed their graduation. The MBA colleges in Goa are quite well-developed, vis.. a vis. Their curricula, their pedagogical features, industrial connections and placements. MBA education from Goa can be especially beneficial for candidates who are interested in venturing into fields such as hospitality management, tourism management, event management etc. since these professional domains are thriving in Goa and students can get wide practical exposure in these areas while pursuing their MBA. Also Read: Full form of MBA.

Given below is a list of the top 6 MBA colleges in Goa that have been listed based upon their NIRF Management rankings (2023), their course faculty, campus infrastructure, placement services etc. 

MBA College/University	NIRF Ranking	City	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Goa Institute of Management	33	Sanquelim	Post Graduate Diploma In Management (PGDM)	CAT/XAT/CMAT/GMAT	INR 18,31,200
Goa University	–	Taleigao	PGDBA  PGDM  MBA	ATMA/ Goa University Admissions Ranking Test (GU-ART) Test	INR 88,100
Sri Sri Institute of Management Studies	–	Margao	MBA PGDM	CAT/MAT/XAT/M-CET/ATMA/CMAT	INR 6,60,000
Indian Institute of Tourism and Travel Management	–	Taleigao	Master of Business Administration (MBA)	CAT/MAT/CMAT/GMAT/ATMA/XAT/IGNTU & IITTM Admission Test (IIAT)	INR 3,39,850
Panache Academy, Panji	–	Panji	Master of Business Administration (MBA)	Based on General Eligibility Criteria	INR 1,60,000
S. S. Dempo College Of Commerce And Economics, Panji	–	Panji	Post Graduate Diploma in Management (PGDM)	Based on General Eligibility Criteria	INR 45,836

General Eligibility and Accepted Entrance Exams for Admissions in Goa MBA Colleges 

Admission to any MBA college or institute generally involves initial screening based on minimum eligibility criteria set by the institution, further screening based on  a management aptitude test and lastly, final selection based on personal interaction through a thorough personal interview (PI) and group discussions. 

However, a few of the MBA colleges in Goa conduct their admissions to the PGDM/MBA program based upon the minimum eligibility criteria, which includes: 

•  A Bachelor’s Degree (in Any Discipline) from a Recognised University/Institute 
• Minimum of 50% Aggregate Marks/Grade Point in Graduation 
• Professional Experience/Exposure of 2 years to 5 years in a Relevant Industrial Sector (not mandatory but demanded by a few institutions)

In addition to the general criteria for eligibility, the performance in an accepted management entrance exam is also an important screening factor. The commonly accepted entrance examinations for MBA admissions in institutes of Goa include: 

• Common Admission Test (CAT)
• Xavier Aptitude Test (XAT)
• Management Aptitude Test (MAT)
• AIMS Test for Management Admissions (ATMA)
• Common Management Admission Test (CMAT)
• IITTM Admission Test (IIAT) 

Given below is the full list of the management entrance scores that are accepted in various MBA colleges in Goa. 

College/University	Accepted Management Entrance Exam
Goa Institute of Management	CAT/XAT/CMAT/GMAT
Goa University	ATMA/ Goa University Admissions Ranking Test (GU-ART) Test
Sri Sri Institute of Management Studies	CAT/MAT/XAT/M-CET/ATMA/CMAT
Indian Institute of Tourism and Travel Management	CAT/MAT/CMAT/GMAT/ATMA/XAT/IGNTU &                       IITTM Admission Test  (IIAT)
Panache Academy, Panji	Based on General Eligibility Criteria
S. S. Dempo College Of Commerce And Economics, Panji	Based on General Eligibility Criteria

Upon shortlisting of candidates based on their entrance exam score, the institutes conduct rounds of personal interviews and group discussions to release the final lists of candidates eligible for enrolment in the course. Upon release of the list, a candidate can confirm their admission and secure their seat by paying the course fee. 

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Best MBA Colleges in Goa 

Find more important details about the top MBA colleges of Goa. 

1) Goa Institute of Management

The Goa Institute of Management is a private management institution that was established in 1993 in Sanquelim. The institute is one of the most prestigious centres for management education in Goa, and is among the top 35 management institutions of the country as ranked by the NIRF (2023). Not only is GIM one of India’s premier business schools, it is also internationally recognised as it is a member of the AACSB and AMBA. It has accreditations such as those from AICTE, NBA EMFD etc. The course offered here is a Post Graduate Diploma in Management (PGDM) approved by the AICTE. Specialisation choices in 8 domains of management pertaining to marketing, finance, IT, HRM etc. are available, and students can also choose to pursue general management. The institute offers financial aid to students in pursuing the course through scholarships and loans. Placement services of the institute are also quite efficient, and placement records of GIM show that students completing the course can get placed at average packages worth INR 15 LPA. 

Find more key details about the PGDM at GIM here. 

Degree Offered	Post Graduate Diploma In Management (PGDM)
Accreditations	AICTE, AIU, NBA, AACSB, AMBA, EFMD etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/CMAT/GMAT
Course Specialisations	Finance & Accounting Management General Management & Economics IT & Operations Management Marketing Management Organisational Behaviour & Human Resource Management (OB & HRM) Healthcare Management (HCM) Big Data Analytics (BDA) Banking, Insurance & Financial Services (BFSI)
Full Course Fees	INR 18,31,200
Average Placement Package	INR 15,00,000 P.A.

2) Goa University

Goa University is one of the state public universities of Goa that was established in 1985, and is one of the universities with best management courses within an affordable range. It is a UGC-approved university and offers 3 management courses at the PG level– an MBA (in financial services), a PGDM and a PGDBA (in event management). There are a total of 6 specialisation choices available (like event management, hospitality, travel and tourism, marketing management, HRM etc.) in the university in addition to the option of general management. Management education at Goa University is quite pocket-friendly since it is a public university and the added benefit of available financial aid, scholarships, fee concessions etc. allow a greater number of management aspirants to take admission in the course. The placement services here are also robust, and regular industry interactions, professional grooming sessions are conducted here in addition to campus placements, which offer decently high CTCs to students. 

Find further details about the PGDM, PGDBA and MBA programs at GU below.

Degree Offered	PG Diploma in Business Administration (Event Management) PG Diploma In Management (PGDM) MBA (Financial Services)
Accreditations	UGC, NAAC B++ Grade, ARIIA etc.
Course Duration	2 Years
Accepted Entrance Examinations	ATMA/ Goa University Admissions Ranking Test (GU-ART) Test
Course Specialisations	Event Management  Financial Services  General Management  Finance Management Marketing Management Human Resource Management Hospitality, Travel & Tourism Management
Full Course Fees	INR 88,100 (Approximately)
Average Placement Package	INR 2,34,000 P.A.

3) Sri Sri Institute of Management Studies 

The Sri Sri Institute of Management Studies (SSIMS) was established in 1999 in Margao asd a private management institution of Goa. The institute offers two PG management courses, namely an MBA and a PGDM, both of which are AICTE-approved as competent technical courses. There are two domains of specialisation from which the student can select their area of interest–business management and general management. Accepted management entrances here include those like CAT, MAT, XAT, ATMA, CMAT etc. The full fee for the course at SSIMS is nearly INR 6.6 lakhs for two years, along with available financial aid through instalment payment mode etc. The course is also placement-integrated and placements worth INR 4.9 LPA on an average are offered through the campus selection to MBA graduates. 

Given below are further details about the institute and the courses offered here. 

Degree Offered	Master of Business Administration (MBA) Post Graduate Diploma in Management (PGDM)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CAT/MAT/XAT/M-CET/ATMA/CMAT
Course Specialisations	Business Administration  General Management
Full Course Fees	INR 6,60,000
Average Placement Package	INR 4,90,000 P.A.

4) Indian Institute of Tourism and Travel Management

The Indian Institute of Tourism and Travel Management is an institution for management in Taleigao that was established in 1983, and is recognised by the Ministry of Tourism, Government of India. It is one India’s most prestigious institutions for management education in tour and travel. Students clearing the IITM Admissions Test (IIAT) (or with valid scores in CAT/MAT/CMAT/GMAT etc.) are eligible to apply to the course. The specialisation offered here is tour and travel management, and the full fee for the MBA program is 3.39 lakhs. Placement services (with campus selection drives after course completion) are offered as part of the course.

Find more details about IITM and its MBA program here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	Recognised by Ministry of Tourism, Government of India
Course Duration	2 Years
Accepted Entrance Examinations	CAT/MAT/CMAT/GMAT/ATMA/XAT/IGNTU &                       IITTM Admission Test ( IIAT )
Course Specialisations	Travel & Tourism Management
Full Course Fees	INR 3,39,850
Average Placement Package	Current Statistics Unavailable

5) Panache Academy, Panji

Panache Academy is a private management institute in Panji that has been recognised by the UGC and by the CIAC as an ‘A’ grade institution. Panache Academy has a faculty consisting of highly experienced professors and industry experts to enable students to get holistic understanding of management. The specialisations offered here include airlines management, tourism management as well as hospitality management. The full fee for the MBA program here is nearly INR 1.6 lakhs. The placement services here offer excellent RoIs as students get the opportunity to work in top restaurants, travel firms and airlines as well as hotels with average packages as high as INR 4.2 lakhs. With the widely developed hospitality sector in Goa, students completing an MBA from this academy can get a good scope for career development and escalation as top companies and firms partner with Panache Academy.

Find more relevant details about the MBA program at Panache Academy below. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, CIAC-Recognised (‘A’ Grade) etc
Course Duration	2 Years
Accepted Entrance Examinations	Based on General Eligibility Criteria
Course Specialisations	Airlines Management Tourism Management Hospitality Management
Full Course Fees	INR 1,60,000
Average Placement Package	INR 4,20,000 P.A.

6) S. S. Dempo College Of Commerce And Economics, Panji

Srinivassa Sinai Dempo College of Commerce & Economics, established in 1966, is a UGC-recognised college affiliated to the Goa University. It is an ‘A’ grade college for management as rated by the NAAC. The PGDM program in event management offered here is a 2-year full-time degree course that can be taken up by candidates who have completed their Bachelor’s education from a recognised university. The full fee for the MBA program is INR 45,836. The college also provides professional training and placement services as part of the MBA program, and students get placed at decently high CTCs after graduation from S. S. Dempo College of Commerce and Economics. 

Find more details about the MBA program at S. S. Dempo College here. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	UGC, NAAC ‘A’ Grade
Course Duration	2 Years
Accepted Entrance Examinations	Based on General Eligibility Criteria
Course Specialisations	Event Management
Full Course Fees	INR 45,836
Average Placement Package	Current Statistics Unavailable

RoI of MBA Colleges in Goa

The Return on Investment or RoI is the ratio of the average CTC that MBA batches are offered through campus placements and the full course fee for the MBA program. The RoI gives an index of how quickly one can recoup their financial investments into the MBA program through the package they get placed with. The RoI of an MBA college is quite an essential factor to be considered while selecting the right institution for yourself as it reflects the career impact that the right MBA program can bring for you. 

Is MBA Worth It?	Is Online MBA Worth It?
How to Calculate Return on Investment?

The RoI of an MBA college is calculated as: 

The MBA colleges in Goa offer a satisfactory RoI as they provide students with the opportunity of working in top companies and firms in hospitality, management, tourism and other sectors. Given below is a table with the full course fee and average CTCs offered for an MBA/PGDM at the MBA colleges in Goa. 

College/Institute	Full Course Fees	Average Placement Package
Goa Institute of Management	INR 18,31,200	INR 15,00,000 P.A.
Goa University	INR 88,100	INR 2,34,000 P.A.
Sri Sri Institute of Management Studies	INR 6,60,000	INR 4,90,000 P.A.
Indian Institute of Tourism and Travel Management	INR 3,39,850	Current Statistics Unavailable
Panache Academy, Panji	INR 1,60,000	INR 4,20,000 P.A.
S. S. Dempo College Of Commerce And Economics, Panji	INR 45,836	Current Statistics Unavailable

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Top Recruiters

When it comes to the various hiring partners of the MBA colleges in Goa, there are a number of sectors from which firms and companies participate for selection of the best MBA graduates for managerial positions. Some of the common sectors from which companies participate in campus selections in Goa include: 

• Hospitality and Hotels 
• Tourism 
• Event Management 
• Travel & Airlines 
• Marketing & Advertising 
• BFSI Sector 
• ITES
• Healthcare 
• Consultancy etc. 

The industrial connect of MBA colleges in Goa is quite notable, with connections to top and elite firms, hotels and enterprises in Goa and across India. These companies hire MBA graduates each year for middle to top managerial positions with fair compensation and extensive opportunities for career escalation. Some of the prestigious hiring partners of the MBA colleges of Goa have been mentioned below. 

College/Institute/University	Top Recruiting Partners
Goa Institute of Management	Crisil  Bank of America  Axis Bank  Tata Capital  JP Morgan & Chase  Accenture  HSBC Bank  Optum  Microsoft Infosys  ITC Ltd.  ICICI Bank  Reliance Industries Ltd.  Schindler  Ernst & Young  Deloitte etc.
Goa University	HDFC Bank  Chegg India  Taj Hotels  Oberoi Hotels  MRF Ltd.  Tata Consultancy Services (TCS) Wipro Bajaj Allianz Aditya Birla Group  Karvy Group Eureka Forbes  Sesa Goa etc.
Sri Sri Institute of Management Studies	Collabera Extramarks Tata Consultancy Services (TCS)  Inference Labs Extramarks Education  Square Yards  Kent RO Systems Euresia Counselnzia etc.
Indian Institute of Tourism and Travel Management	Make My Trip Yatra.com  IRCTC  Kerala Holiday Mart  Radisson Hotels  Ibibo.com  Oberoi Hotels & Resorts Taj Hotels  LaVacanza Travels  Zenith Hospitality  Red Carpet  Via.com etc.
Panache Academy, Panji	Emirates Oberoi Hotels  Radisson Hotels  Spicejet  Hyatt Regency  Go Air IndiGo Airlines Qatar Airways etc.
S. S. Dempo College Of Commerce And Economics, Panji	Caculo Tata Consultancy Services (TCS) etc.

Online MBA Colleges in Goa

Apart from the top MBA colleges in a city or a state, the up and coming online colleges and universities offer the unique opportunity to students to pursue an MBA degree from any institution across India while residing at any location of one’s convenience. 

With the rise in number of students going for higher education, the prime statutory body of India for higher education- the UGC-DEB, has deemed duly accredited online degrees as being equivalent in value and credibility as offline/regular degrees. This allows many advantages to students such as the opportunity to complete the degree without the need for relocation, with a flexible study schedule, an affordable fee range, excellent placement opportunities and much more. 

Many MBA colleges and universities across India have also started offering their MBA courses in the fully online learning (OL) mode. Listed below are a few of India’s top universities and colleges that offer an online MBA course after being duly accredited by statutory bodies like the UGC-DEB for offering a full-time online MBA program.

University	Location	Course	Mode
Amity University Online	Noida (Main Campus)	Master of Business Administration (MBA)	Online Learning Mode (OL)
Great Lakes Institute of Management	Chennai	Post Graduate Diploma in Management (PGDM)	Online Learning Mode (OL)
SASTRA University Online	Thanjavur	Master of Business Administration (MBA)	Online Learning (OL) Mode
Hindustan University CODE	Chennai	Master of Business Administration (MBA)	Online Learning Mode (OL)
LPU Online	Phagwara	Master of Business Administration (MBA)	Online Learning (OL) Mode
Bharathidasan University	Tiruchirappalli	Master of Business Administration (MBA)	Online Learning Mode (OL)
Jain Online University	Bangalore	Master of Business Administration (MBA)	Online Learning (OL) Mode
Online Manipal University	Jaipur	Master of Business Administration (MBA)	Online Learning (OL) Mode
ICFAI Online	Hyderabad (Main Campus)	Master of Business Administration (MBA)	Online Learning (OL) Mode
IMT Online	Ghaziabad	Post Graduate Diploma in Management (PGDM)	Online Learning (OL) Mode
Loyola Institute of Business Administration (LIBA)	Chennai	Executive MBA	Online Learning Mode (OL)

Best Paid MBA Online Specialization

MBA Finance Online	MBA Marketing Online
MBA HR Online	MBA Operations Online
MBA IT Online	MBA Business Analytics Online
MBA International Business Online	MBA Data Science Online
MBA Project Management Online	MBA Digital Marketing Online
MBA Banking and Finance Online	MBA General Online

Conclusion 

Thus, although there are a limited number of institutions for taking up an MBA (or equivalent degree) from in Goa, these colleges are quite well-developed both academically as well as through their industrial connection, for ensuring a successful managerial career, especially in domains pertaining to hospitality and hotel management, tourism, event management, marketing etc. The RoI of these institutions is also satisfactorily high, with top corporations and companies hiring from these institutions.