Top 10 MBA Colleges In Vizag 2024 - Admission, Fees, Exams

Visakhapatnam, commonly known as Vizag, is a port city of India in Andhra Pradesh and is one of the most infrastructurally well-developed and advanced cities of India. It is also home to a number of reputed higher education institutions including those that offer management and MBA courses to students. 

There are a number of top private and public colleges and universities in Vizag that offer full-time MBA (or equivalent) courses to students. This blog brings together a list of the prestigious MBA colleges of the city along with all essential details about the course and admissions at these institutions. 

Continue reading to explore the top colleges for an MBA at Vizag along with details pertaining to admissions, fees, entrances, placements etc. at these institutions. 

Top MBA Colleges in Vizag  

One of the infrastructurally and industrially well-developed cities of India, Vizag is a hub of economic activity as it is one of India’s oldest port cities. Not only is it an economically thriving city, it is also a centre for quality higher education in the country, with top eminent institutions in various fields like management, technology, engineering etc. There are a number of reputed MBA colleges and business schools in Vizag, which have advanced frameworks and industrial connections allowing comprehensive exposure and management learning for students. Also Read: Full form of MBA.

Here is a list of some of the foremost MBA colleges and institutes of Vizag, selected on the basis of their national ranking, faculty, academic record, placements etc.  

MBA College/University	NIRF Ranking-2023	Course	Accepted Entrance Exams	MBA Fees (Approx.)
Indian Institute of Management (IIM),  Visakhapatnam	29	Master of Business Administration (MBA)	CAT	INR 18,25,250
GITAM School of Business, Visakhapatnam	–	Master of Business Administration (MBA)	CAT/XAT/MAT/GMAT/CMAT/GITAM Aptitude Test (GAT)	INR 9,70,000
GEMS Business School, Vizag	–	Master of Business Administration (MBA) (Industry Synergised Program)	GEMS Online Admission Test	INR 4,90,000 to INR 7,30,000
Vignan Institute of Information Technology, Visakhapatnam	–	Master of Business Administration (MBA)	Integrated Common Entrance Test (ICET)	INR 89,400
Andhra University, Visakhapatnam	–	Master of Business Administration (MBA)	APICET/AUSIB	INR 3,00,000
Sun International Institute of Tourism and Management, Visakhapatnam	–	Master of Business Administration (MBA)	APICET	INR 3,10,000
Integral Institute of Advanced Management (IIAM), Visakhapatnam	–	Post Graduate Diploma in Management (PGDM)	MAT/ CAT / XAT / CMAT / GMAT / ATMA / any STATE CET	INR 3,00,000
Ambedkar Institute of Management Studies (AIMS), Visakhapatnam	–	Post Graduate Diploma in Business Management (PGDBM)	CAT/MAT/ATMA/TS ICET	INR 1,50,000
Srinivasa Institute of Management Studies (SIMS), Visakhapatnam	–	Master of Business Administration (MBA)	ICET	INR 70,000
Risali Institute of Management, Visakhapatnam	–	Master of Business Administration (MBA)	APICET	INR 2,80,000

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

For enrolling in an MBA college in Vizag, a candidate needs to meet certain minimum criteria of eligibility. In addition to the minimum eligibility criteria, the candidate must also have a valid score in a management entrance examination and qualify the institutional rounds of screening, which usually comprises personal interview (PI) and/or group discussion (GD). 

The minimum general criteria of eligibility for admission to an MBA program in Vizag is: 

• A Bachelor’s degree in Any Stream from a Recognised University/Institution. 
• Minimum 50% Aggregate Marks in Graduation.
• Minimum 2 to 5 Years of Professional Experience in Relevant Industry (Not a Mandatory Criteria for most institutions, but demanded/preferred by few).

Some of the commonly accepted management entrances that are considered for admission to an MBA college in Vizag include: 

• Common Admission Test (CAT)
• Xavier Aptitude Test (XAT)
• Management Aptitude Test (MAT)
• Graduate Management Admission Test (GMAT)
• Common Management Admission Test (CMAT)
• Integrated Common Entrance Test (ICET)
• Andhra Pradesh Integrated Common Entrance Test (APICET) etc. 

Here is a list of the top MBA colleges of Vizag along with the accepted management entrances considered for admission to an MBA program. 

MBA College/Institute	Accepted Entrance Examination
Indian Institute of Management (IIM),  Visakhapatnam	CAT
GITAM School of Business, Visakhapatnam	CAT/XAT/MAT/GMAT/CMAT/GITAM Aptitude Test (GAT)
GEMS Business School, Vizag	GEMS Online Admission Test
Vignan Institute of Information Technology, Visakhapatnam	Integrated Common Entrance Test (ICET)
Andhra University, Visakhapatnam	APICET/AUSIB
Sun International Institute of Tourism and Management, Visakhapatnam	APICET
Integral Institute of Advanced Management (IIAM), Visakhapatnam	MAT/ CAT / XAT / CMAT / GMAT / ATMA / any STATE CET
Ambedkar Institute of Management Studies (AIMS), Visakhapatnam	CAT/MAT/ATMA/TS ICET
Srinivasa Institute of Management Studies (SIMS), Visakhapatnam	ICET
Risali Institute of Management, Visakhapatnam	APICET

The final rounds of admission to the course usually include a round of writing ability testing, personal interview and/or group discussion, to further screen and shortlist the candidates. 

Once a candidate qualifies through the three phases of admission, they can finally register and finalise their enrolment in the course at the institution of their choice.

Student Also Ask
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MBA Logestic and Supply Chain Online	MBA Hospital and Healthcare Online

Best Private & Public MBA Colleges of Vizag   

Here are important details about a few of the top management institutions of Vizag and their MBA program. 

1) Indian Institute of Management (IIM),  Visakhapatnam

The Indian Institute of Management was started in Visakhapatnam in 2015 and is among the top 30 business schools of India as per the rankings of NIRF (2023). It is also an AICTE-approved institution, that has established itself over the years as a reputed institution for management studies due to its academic rigour, excellent faculty profile, industry collaborations and research orientation. The Post Graduate Program in Management (PGPM) offered at IIM Visakhapatnam is a two-year full time course available with options of specialisation in 9 areas of management. Candidates are screened on the basis of their CAT scores along with GD-PI, and the full fee for the program is nearly INR 18.25 lakhs. The course is placement-integrated, with a dedicated placement unit working to collaborate with top industrial giants to bring diverse job roles and opportunities to the disposal of PGPM graduates. 

Find further details about the course at IIM Visakhapatnam here. 

Degree Offered	Post Graduate Program in Management
Accreditations	AICTE, NIRF Rank 29 in Management Category (2023)
Course Duration	2 Years
Accepted Entrance Examinations	CAT
Course Specialisations	Behavioural Sciences  Economics Finance & Accounting Management Marketing Management Quantitative Methods & Information Systems Management Operations Management Public Policy Management Strategy Management Communications Management
Full Course Fees	INR 18,25,250
Placement Package	INR 15,06,000 P.A.

2) GITAM School of Business, Visakhapatnam

GITM Business School, a part of the prestigious GITAM Deemed-to-be University, is a NAAC-rated A++ business school of India. It has a number of top accreditations and approvals including those like BCI. PCI etc. It offers students a full-time MBA course that is AICTE-approved as being a valid professional course. Students who clear the GITAM Aptitude Test (GAT) or have a valid score in exams like CAT/MAT/XAT/GMAT/CMAT etc. can seek admission to the program. The course is offered in 9 areas of specialisation. Students taking up the course from this B-school get the benefit of learning and being mentored by both highly experienced faculty and industrial experts, financial aid to afford the course and best placement services to ensure a good RoI upon course completion. 

Find further details about the course here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE, BCI, PCI, NAAC A++ Grade etc.
Course Duration	2 Years
Accepted Entrance Examinations	CAT/XAT/MAT/GMAT/CMAT/GITAM Aptitude Test (GAT)
Course Specialisations	Banking, Finance & Allied Services Management Fintech Management Human Resources Management (HRM) Logistics & Supply Chain Management  Business Analytics International Business (IB) Management Finance Management Marketing Management Operations Management
Full Course Fees	INR 9,70,000
Placement Package	INR 9,80,000 P.A. (Highest CTC Offered)

3) GEMS Business School, Vizag 

GEMS Business School was established in 2006 under the aegis of the Mysore Maharaja Institute of Higher Education, and has the approval of bodies like UGC and AICTE. The business school offers an industry-synergised MBA program to students that has been recognised by the AICTE and has a focus on honing the professional skills of students by collaborating with industrial companies. There are 13 areas of specialisation in which the course is offered. The candidate selection for the course is conducted on the basis of performance on the GEMS Online Admission Test. The placement services of the institute are quite enhanced and help to bring appealing job options to students from a variety of fields and top companies. 

Further essential details about the course have been listed here. 

Degree Offered	Master of Business Administration (MBA) (Industry Synergised Program)
Accreditations	UGC, AICTE etc.
Course Duration	2 Years
Accepted Entrance Examinations	GEMS Online Admission Test
Course Specialisations	Marketing Management Finance Management Human Resource Management (HRM)  International Business (IB) Management Information Systems (IS) Management  Business Analytics  Retail Management Event Management Hospitality & Travel Management Entrepreneurship Management Healthcare & Hospital Management Facilities Management Digital Marketing Management
Full Course Fees	INR 4,90,000 to INR 7,30,000
Placement Package	Current Statistics Unavailable

4) Vignan Institute of Information Technology, Visakhapatnam

The Vignan Institute of Information Technology is a private educational institution established in 1997 and is affiliated to the Jawaharlal Nehru Technological University, Kakinada (JNTUK). Some of the accreditations of Vignan IIT include those like UGC, AICTE, NBA etc. It is also a NAAC-rated A+ institution for higher education. The MBA program offered here is approved by the AICTE and  offered in 4 specialisations. One of the distinguishing features of Vignan IIT is its affordability paired with the quality of education. The full fee for the MBA program from Vignan is INR 89,400. Additionally, the placement services of the institute ensure that students can select from top job options in reputed firms with appealing compensation. 

Find more details about the MBA program at Vignan IIT here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, AICTE, NBA, NAAC A+ etc.
Course Duration	2 Years
Accepted Entrance Examinations	Integrated Common Entrance Test (ICET)
Course Specialisations	Finance Management Marketing Management Human Resource Management (HRM) Systems Management
Full Course Fees	INR 89,400
Placement Package	INR 5,00,000 P.A. (Approximate)

5) Andhra University, Visakhapatnam

Andhra University is a public university established in 1926, and has nearly a century of history of providing elite higher educational services to students from various domains of interest. It is a NAAC-rated ‘A’ grade institution and is among the best 50 universities of India as per the NIRF in the Universities Category (2023). The MBA course at AU is offered through the Department of Commerce and Management Studies, College of Arts and Commerce. There are 5 specialisation choices for the course– finance, marketing, HRM, retail management and banking and finance services. The full course fee is nearly INR 3 lakhs, and the placement services of the university make up for an excellent RoI after completion of the course. 

Find further details about the MBA program at Andhra University. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, NAAC ‘A’, NIRF Rank 43 in Universities Category (2023) etc.
Course Duration	2 Years
Accepted Entrance Examinations	APICET/AUSIB
Course Specialisations	Retail Management  Banking & Finance Services  Marketing Management  Financial Management  Human Resource Management (HRM)
Full Course Fees	INR 3,00,000
Placement Package	INR 4,50,000 P.A. (Approximate)

6) Sun International Institute of Tourism and Management 

Sun International Institute of Tourism and Management is a private, AICTE-recognised higher educational institution of Visakhapatnam specialising in the area of tourism, hotel management and business studies. The course offered here is a work-integrated 2-year MBA course which includes a number of internship and industrial interactive opportunities which allow the student to complete the degree while earning. The course is offered in 4 specialisations, including the option to choose dual specialisations between HRM, finance management and marketing management. The institute provides guaranteed placements to MBA graduates, with average CTCs rising as high as INR 6. LPA for starters. 

Find further details about the MBA program at Sun IITM here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	APICET
Course Specialisations	Human Resource Management (HRM) Finance Management  Marketing Management  Hotel Management
Full Course Fees	INR 3,10,000
Placement Package	INR 6,50,000 P.A.

7) Integral Institute of Advanced Management (IIAM), Visakhapatnam

The Integral Institute of Advanced Management (IIAM) was established in 1987 in Vizag and is a private autonomous institution for management studies that has been recognised by the AICTE. The course offered here is a 2-year PGDM course which is equivalent to an MBA program as per the AIU. 5 specialisation areas are offered as part of the course and candidates are selected for the course through screening based on performance in entrance examination, group discussion and personal interview. Placement services are also offered as part of the course, including professional assistance as well as placements through campus selection. 

Find more details about the MBA program at IIAM Visakhapatnam here. 

Degree Offered	Post Graduate Diploma in Management (PGDM)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	MAT/ CAT / XAT / CMAT / GMAT / ATMA / any STATE CET
Course Specialisations	Marketing Management  Finance Management  Human Resource Management (HRM) Operations Management  Business Analytics
Full Course Fees	INR 3,00,000
Placement Package	INR 4,20,000 P.A.

8) Ambedkar Institute of Management Studies (AIMS), Visakhapatnam

Ambedkar Institute of Management Studies (AIMS), Visakhapatnam was established in 1995. It is a private institution of management that has also been recognised by the AICTE. The institute offers a full-time Post Graduate Diploma in Business Management (PGDBM) course of 2 years to students who qualify the requisite management entrance examination like CAT/MAT/ATMA/TS-ICET etc. The full fee for the course is INR 1.5 lakhs which is provided along with financial aids such as EMI mode of payment. The RoI of the institute in terms of placements after graduation is also satisfactorily high. 

Find more details about the course at AIMS here. 

Degree Offered	Post Graduate Diploma in Business Management (PGDBM)
Accreditations	AICTE
Course Duration	2 Years
Accepted Entrance Examinations	CAT/MAT/ATMA/TS ICET
Course Specialisations	Business Management
Full Course Fees	INR 1,50,000
Placement Package	INR 3,72,000 P.A. (Approximate)

9) Srinivasa Institute of Management Studies (SIMS), Visakhapatnam

Srinivasa Institute of Management Studies (SIMS), Visakhapatnam was established in 1995 and is an ISO-certified institution of higher education. The institution offers UG and PG education in the domains of computer applications and business management. The MBA program offered at SIMS is approved by the AICTE. The candidate selection is on the basis of the  Integrated Common Entrance Test or ICET. The course is offered in 8 specialisation areas as well as the option of general management. The course fee range here is quite affordable, and students can pursue the course in a total amount of INR 70,000 which can be further paid in pocket-friendly instalments through the 4 semesters of the program. The institute also offers placement services for the course which includes professional grooming as well as campus placements after graduation. 

Find more details about the MBA program at SIMS Vizag here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	AICTE, ISO
Course Duration	2 Years
Accepted Entrance Examinations	ICET
Course Specialisations	General Management Corporate Communication Finance Accounting Managerial Economics Marketing Management  Human Resource Management  Entrepreneurial Program Organizational Behaviour
Full Course Fees	INR 70,000
Placement Package	Current Statistics Unavailable

10) Risali Institute of Management, Visakhapatnam 

The Risali Institute of Management, Visakhapatnam, is a partner institution of Bharathiar University and is a UGC and NAAC-recognised institution of higher education. It offers a full-time MBA in 8 specialisation areas in domains such as aviation and airline management, agribusiness, entrepreneurship etc. The candidates for the course are shortlisted based on their performance in the Andhra Pradesh ICET (APICET) and the full fee for the program in INR 2.8 lakhs. Placement support is also offered for the course, and prestigious companies and firms partner with the institute, so MBA graduates from this university can explore appealing job opportunities right after completion of their course. 

Find further details about the MBA program at RIMV here. 

Degree Offered	Master of Business Administration (MBA)
Accreditations	UGC, NAAC ‘A’ (Bharathiar University Accreditation)
Course Duration	2 Years
Accepted Entrance Examinations	APICET
Course Specialisations	Agribusiness Management  Agribusiness and Marketing Management  Airline & Airport Management  Aviation and Safety Management Banking Management Event Management  Finance Management Entrepreneurship and
Full Course Fees	INR 2,80,000
Placement Package	INR 3,00,000 P.A. (Approximate)

RoI of MBA Colleges in Vizag   

The Return on Investment (ROI) of an MBA college gives an approximate estimate about how quickly the financial investments in the course (vis. a vis. college fee, accommodation/commutation expenses etc.) can be regained through placements after graduation. An MBA college with an efficient framework for placements can bring appealing job opportunities to the access of students after graduation and hence provide an appealing RoI.

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

The RoI of a college is calculated as the ratio of the average CTC offered through college placements and the full course fee. 

With the vast industrial networks that exist in Vizag, the MBA colleges and business schools collaborate with top companies and firms of India and abroad to offer top placement opportunities to MBA graduates. The job offers are often quite appealing with high RoI. 

Here is a list of the top MBA colleges of Vizag along with their full course fee and average CTC at which the MBA graduates from the college were placed. 

College/Institute	Full Course Fees	Average Placement Package
Indian Institute of Management (IIM),  Visakhapatnam	INR 18,25,250	INR 15,06,000 P.A.
GITAM School of Business, Visakhapatnam	INR 9,70,000	INR 9,80,000 P.A. (Highest CTC Offered)
GEMS Business School, Vizag	INR 4,90,000 to INR 7,30,000	Current Statistics Unavailable
Vignan Institute of Information Technology, Visakhapatnam	INR 89,400	INR 5,00,000 P.A. (Approximate)
Andhra University, Visakhapatnam	INR 3,00,000	INR 4,50,000 P.A. (Approximate)
Sun International Institute of Tourism and Management, Visakhapatnam	INR 3,10,000	INR 6,50,000 P.A.
Integral Institute of Advanced Management (IIAM), Visakhapatnam	INR 3,00,000	INR 4,20,000 P.A.
Ambedkar Institute of Management Studies (AIMS), Visakhapatnam	INR 1,50,000	INR 3,72,000 P.A. (Approximate)
Srinivasa Institute of Management Studies (SIMS), Visakhapatnam	INR 70,000	Current Statistics Unavailable
Risali Institute of Management, Visakhapatnam	INR 2,80,000	INR 3,00,000 P.A. (Approximate)

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Top Recruiters of MBA Graduates in Vizag  

The career scope after pursuing an MBA is quite prosperous in India as companies from diverse sectors including those like marketing, IT sector, banking, BFSI, research and consultancy, strategic management etc. hire MBA graduates. 

The MBA colleges of Vizag also partner with reputed firms, companies, MNCs etc. to offer the students pursuing the course, diverse career opportunities and job choices. Here is a list of a few of the prestigious companies and hiring partners of MBA colleges and business schools of Vizag. 

College/Institute/University	Top Recruiting Partners
Indian Institute of Management (IIM),  Visakhapatnam	Amazon  HDFC Bank  Cognizant  Deloitte  Amul  Bain & Company  HCL  Byju’s  ICICI Bank  Indiamart  Infosys Optum   Larsen & Toubro  KPMG  Tata Power  Polycab  TVS etc.
GITAM School of Business, Visakhapatnam	Accenture Reliance  Amazon  Ernst & Young Deloitte Accenture  Invesco ITC Ltd.  Berger Paints  ICICI Bank  Axis Bank  Nestle  Exide Industries etc.
GEMS Business School, Vizag	American Express Cisco  Airtel  JP Morgan & Chase  Ernst & Young  Capgemini  Accenture  Yahoo  Amazon  Flipkart etc.
Vignan Institute of Information Technology, Visakhapatnam	Paypal  Amazon  Wipro  Infosys  Cisco  IBM  Accenture  Deloitte  HCL  Cognizant  Chegg  Virtusa Square Yards etc.
Andhra University, Visakhapatnam	Tata Consultancy Services (TCS)  Wipro  Cognizant  Larsen & Toubro  HCL  Infosys  Mahindra etc.
Sun International Institute of Tourism and Management, Visakhapatnam	Infosys  Amazon  Byju’s  Capgemini  Accenture Tata Consultancy Services (TCS) Nike  ITC Ltd.  P&G Myntra Jio  Nestle etc.
Integral Institute of Advanced Management (IIAM), Visakhapatnam	Deloitte  HCL  IndiGo  ICICI Bank  Concentrix  Bisleri  Google  Chegg  Infosys  Capgemini  Coca Cola  IBM  ITC Ltd.  Accenture  Aditya Birla Group  Wipro  Tata   Dell  Bajaj Finserv  Marico etc.
Ambedkar Institute of Management Studies (AIMS), Visakhapatnam	Tech Mahindra Cognizant  Concentrix Asian Paints  Dell  Hindustan Aeronautics Ltd. ICICI Bank HCL  Bajaj Allianz The India Today Group etc.
Srinivasa Institute of Management Studies (SIMS), Visakhapatnam	Accenture Bank of America Wipro  Genpact  ITC Ltd.  Kotak Securities Tata Consultancy Services Bajaj Allianz Indiabulls Securities  Castrol etc.
Risali Institute of Management, Visakhapatnam	Globe Ground  Bird Academy  GMR Airport  Indigo Airlines GoAir Airlines etc.

Online MBA Colleges in Vizag  

With the limited number of seats that most of the colleges and institutions offering an MBA program have, the competition to secure a seat is soaringly high, and the rates of success low. Only a few candidates out of all aspirants are able to crack the entrance examinations and are able to secure a seat in the top MBA colleges. The remaining candidates often end up settling for MBA colleges with limited accreditations or ineffective placement services. 

However, with the recognition granted to online education by UGC-DEB, many prestigious management institutions of India are offering full-time online MBA courses to students. The major benefits of the online MBA programs at such institutions include equivalent value of the degree to a regular MBA, admissions without entrance exams, flexibility of learning, affordable fee range, placement support etc. 

Here is a list of some of India’s top online universities that have been duly accredited to offer an online MBA program to students. 

University	Location	Course	Mode
Hindustan University CODE	Chennai	Master of Business Administration (MBA)	Online Learning Mode (OL)
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)
Bharathidasan University	Tiruchirappalli	Master of Business Administration (MBA)	Online Learning Mode (OL)
SRM College of Management-SRM University Chennai	Chennai	Master of Business Administration (MBA)	Online Learning Mode (OL)
IMT Online	Ghaziabad	Post Graduate Diploma in Management (PGDM)	Online Learning (OL) Mode
Chandigarh University Online	Chandigarh	Master of Business Administration (MBA)	Online Learning (OL) Mode
LPU Online	Phagwara	Master of Business Administration (MBA)	Online Learning (OL) Mode

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 

If you are a management aspirant who is looking to select the best MBA college for themselves, then Vizag or Visakhapatnam can be quite a viable alternative for you as it has a number of government and private MBA colleges which are highly regarded across the nation and offer excellent scope for career growth and development to students.