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By Shashwat Tyagi

Top MBA Colleges in Mohali: Fees, Placement, Cutoff, Rank & Scope

13th May, 2021

Mohali, officially known as Sahibzada Ajit Singh Nagar, is a planned city in Punjab and it is a commercial hub lying south-west of Chandigarh. It is officially named after Sahibzada Ajit Singh, the eldest son of Guru Gobind Singh.

Mohali has developed rapidly as an IT hub, and has thus grown in importance. Significant infrastructure and recreation projects have been undertaken to increase the standard of living in Mohali. Roads have been built to create networks between Mohali and Chandigarh International Airport to boost its international connectivity.

Being a satellite city of Chandigarh and also an IT hub has increased the importance of Mohali. As many companies are based here, there are a lot of job opportunities for MBA students. This is why Mohali is a favoured location for a lot of MBA students.

mohali city

MBA colleges operating out of Mohali offer specializations in Finance, Marketing, Human Resources, Business Analytics, Operations, Logistics, and Supply chain, etc. MBA colleges in Mohali provide the best MBA course with excellent career opportunities. UGC approved MBA and AICTE approved PGDM colleges in Mohali offer the best education to students wishing to become future industry leaders.

MBA Colleges in Mohali accepting CAT

Almost all the MBA colleges in Mohali accept CAT scores.

MBA Colleges in Mohali accepting MAT and CMAT

LM Thapar, Amity University and Rayat-Bahra University-Sunstone are some MBA colleges accepting MAT and CMAT scores in Mohali.

List of colleges in Mohali with Low MBA Fee

College Name Course Fees Pay After Placement Available Money-back GuaranteeMBA/PGDM Available 
RBU, Sunstone Eduversity1.25L + 10x monthly salary*YesYesYes 
LM Thapar School of Management8.28LN.AN.AYes 
School of International Studies3.75LN.AN.AYes 

Note: Sunstone Eduversity offers its pay after placement and money-back guarantee MBA/PGDM programs in partnership with 14 campuses in 11 different cities. Click here to know more.

*After getting placed, the student has to pay 10x their gross monthly salary with a cap of 6L total fee including the registration fee.

Also Read:

MBA Specializations To Go For in Mohali

  • 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 for MBA Colleges in Mohali

The eligibility criteria for MBA/PGDM colleges in Mohali depends on individual colleges and we advise you to check the eligibility on the websites or brochures of the respective colleges. Any graduate from any field background can go for MBA admission in Mohali to have a lucrative industry career. However, the basic eligibility criteria for MBA colleges in Mohali are as follows:

  • You need to have a minimum of 50% marks for general category students and 45% for students from the ST/SC category in your graduation from any discipline, from a recognized university. 
  • Final year students can also apply for MBA programs in Mohali, however, the admission will be on a provisional basis till the final graduation score is revealed. 
  • Students are also required to appear for any national-level management exam, one has to go through various tests like CAT/MAT/CMAT/XAT/ATMA. MBA colleges in Mohali also have their own test structure and eligibility criteria. 

Also Read:

Selection Process for MBA Admissions in Mohali

mohali mba selection

To get into the top B-schools in Mohali, one has to follow a few simple steps. Mostly all B-schools in the country accept an online application, and the process is straightforward and hassle-free.

  • Firstly, candidates wishing to get admitted into B-schools have to register and apply for various exams like CAT/MAT/IIFT/NMAT. National level entrance tests have a limited time frame to apply, whereas other institutions have their admission tests application process.
  • Secondly, you have to appear for the relevant entrance test. After the result has been declared, B-schools shortlist candidates according to their cutoff. After that, candidates are invited to the next step in which their exam score, academic background, and working experience are taken into account.
  • The final step contains group discussion, written ability test, and personal interview. Based on the above tests, the final merit list is declared and selected candidates have to pay the fees and submit documents. Some B-schools also offer direct admission to applicants; you have to apply on the college website and wait for communication from the institution. Usually, these admissions are based on merit/group discussion/personal interview. 

There are a lot of management institutes offering MBA courses in Mohali. Students can choose from various MBA colleges in Mohali according to the specializations offered and the fee structure. The fee structure of various colleges in Mohali depends on various factors.

Sunstone Eduversity has brought a new payment method that is highly beneficial to students as now they don’t have to bother about fee payment. With the pay after placement model, students only pay once they get placed. Otherwise, they don’t have to pay any fees. This has revolutionized the payment mechanism in MBA courses.

Top Sunstone MBA Campuses Across India

Sunstone Eduversity is India’s only B-school offering MBA/PGDM courses with pay after placement fee structure. This is not the only financial relief offered to students, students are also given a choice of paying the fee upfront and getting a complete refund in case the student is not placed, as part of the Money Back Guarantee model 

Sunstone also offers a global immersion program as part of MBA/PGDM- it is a 10-day long exposure to one of the 3 international financial hubs of Dubai, Malaysia &  Singapore. With the global immersion program, students get the opportunity to understand business operations and strategies at a global level. 

CampusCityPay After PlacementMoney-Back GuaranteeGlobal Immersion Program
JECRCJaipurYesNoYes
SAGEIndoreYesYesYes
NIUNoidaYesYesYes
NIETGreater NoidaYesYesYes
SAGEIndoreYesYesYes
RR InstituteBengaluruYesYesYes
PISMBengaluruYesYesYes
AIMPuneYesYesYes
IBMRBengaluruYesYesYes
IBMRHubliYesYesYes
NSUJamshedpurYesYesYes
CIEMKolkataYesYesYes
ADTUGuwahatiYesYesYes

Career Scope After MBA in Mohali 

scope in mohali

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 

  • 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 Profiles After MBA in Mohali

  • Marketing Manager: You can be a marketing manager and look over business involving selling products and providing services. Your job will be to manage the marketing department and responsible for product marketing and services to increase sales. 
  • HR Manager: The HR department is essential for the organization’s effective functioning, as HR managers are responsible for the hiring of suitable candidates. 
  • Sales Manager: Sales Manager is responsible for employee motivation and Management to increase direct sales. 
  • Investment Banker: After doing MBA in banking and finance, you can get jobs in banks, insurance companies, security firms, financial institutions, etc. Your task will be to raise capital for the company by using data and analyzing significant investment decisions. Investment bankers are also responsible for mergers and acquisitions of new assets or firms. 
  • Management Consultant: If you are good at solving problems, this is a brilliant opportunity in the consulting branch of Management. Your responsibility will be to solve Organizational issues and include new ideas for an organization’s effective functioning. 
  • Data Analytics: Businesses are becoming digitized at a breakneck pace with the advent of e-commerce retail and banking. To supplement the need for professionals in this new field, many B-schools are offering MBA in data analytics. 

Cost of Living as an MBA student in Mohali 

The living cost in Mohali depends on the residence location. Singles can opt for paying guest or co-living apartments that are equipped with all facilities and amenities. Accommodation costs range between 5000 to 12000 rupees, depending on the location and comfort offered. There is also a security cost that has to be deposited at the time of renting. Other miscellaneous costs include housekeeping, Flat maintenance cost, Wi-Fi, electricity, etc., amounting to around 3000 rupees. If you can stay a little away from the main city, you can cut your living cost. 

You can get around the city easily as transport is very cheap. Local buses, auto rickshaws and cabs are available round the clock. 

About Sunstone Eduversity 

Sunstone Eduversity is transforming the country’s higher education space by offering MBA/PGDM courses that enhance the career options for the students. Sunstone offers UGC-approved MBA and AICTE approved PGDM in partnership with top institutes. At Sunstone, various colleges and management institutes offer state-of-the-art infrastructure, superior amenities, and a top-notch learning environment. At our partners campuses, a holistic approach is pursued to impart the latest industry knowledge and skills. 

More MBA Colleges in:

JaipurDelhi-NCRNoida
GurugramBangalorePune
IndoreMuzaffarpurVaranasi
PatnaSamastipur

FAQs about MBA in Mohali

Which colleges offer pay after placement schemes?

Only SAGE University, in partnership with Sunstone Eduversity offers a pay after placement fee payment option in Mohali. Along with this, it also offers the money-back guarantee fee payment plan for those comfortable paying the complete fee upfront.

For more details visit: Fee Structure

What is the scope of an MBA?

One can directly enter the business world after an MBA or can pursue a postgraduate degree. Like other fields, one needs to choose a focus area and go deeper into developing a knowledge base in that niche. 

What is the lowest average MBA fee of the colleges in Mohali?

An MBA from a top institute can cost you anywhere between 10-20 Lacs, keeping in mind other expenses. However, the colleges listed above are B schools in Mohali offering students pocket-friendly fee payment options. The one that stands out is the pay after placement model and money-back guarantee model provided by Sunstone Eduversity in partnership with SAGE University, Mohali. 

What other colleges has Sunstone Eduversity partnered with?

There are a total of 14 partner campuses spread across India. We have campuses in 11 cities around the country.
Apart from Rayat Bahra University, Mohali, we have partnered with- JECRC Jaipur, GD Goenka Gurugram, SAGE Indore, RR Institution Bengaluru, PISM Bengaluru, IBMR Bengaluru, IBMR Hubli, ADTU Guwahati, NSU Jamshedpur, CIEM Kolkata, AIM Pune, NIU Greater Noida and NIET Greater Noida. 

 

By Shashwat Tyagi

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    15-months classroom learning

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    147% Placement

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