As you appear for different MBA exams like CAT, XAT, NMAT and apply to top B-schools depending on the value of their MBA programmes on different parameters, your evaluation for B-schools on their payback period can bring you yet another new perspective.
To help CAT 2013 aspirants in deciding which Top B schools to choose and apply, we bring here a comparison of Top 10 B schools in India on the basis of their payback time. Payback period can be termed as the ROI (Return on Investment).
FMS Delhi, JBIMS fastest on ROI:
The central university MBA departments like FMS Delhi and JBIMS sit on the top of this list.
While FMS Delhi which comes under University of Delhi has a fee structure of Rs 0.21 lakh only, the average placement for its passing out batch in 2013 was Rs 16 lakh. Therefore, a student at FMS gets his return on investment in just 5 days into his job.
Similarly, though JBIMS (University of Mumbai) has a higher fee structure of about Rs 2 lakh for its 2-year MBA programme, the average annual salary of Rs 15 lakh brings the payback period at this B-school below 50 days.
Which PGDM institutes beat IIM-A,B, C?
CAT 2013 aspirants will be surprised to know that top PGDM B-schools give a tough fight to IIMs in terms of ROI. SPJIMR and XLRI are above IIM-A, IIM-B and IIM-C on this parameter.
SPJIMR, Mumbai brings you the fastest ROI amongst top PGDM B-schools. While the fee structure for its two year programme is Rs 9.5 lakh, the average annual salary offered to the 2013 batch was Rs 16.13. Therefore, it takes only 215 days to get back your investment on the MBA programme at this B-school.
XLRI also list among the top 5 B-schools on fastest ROI. The fee for its two year flagship management programme is Rs 12 lakh. However, the average annual salary offered at the institute was Rs 16.2 lakh. This brings an ROI of just 270 days at the institute.
Though IIM Lucknow is ranked below IIM-A, IIM-B and IIM-C, the institute beats its seniors on the ROI factor. While the institute has a fee structure of Rs 10.8 lakh for its two-year programme, the average annual salary to its graduate was Rs 15.5 lakh. Hence, the payback period is just 254 days for the 2-year programme at IIM-L.
Top league of IIMs:
With a fee structure of Rs 13.6 lakh and average annual salary offered at the campus being Rs 18 lakh, IIM Calcutta offers a payback period of 275 days.
IIM-Bangalore and IIM-Ahmedabad stand on number 8 and 9 respectively with their respective payback period being 358 and 432 days.
NMIMS also falls in this league with its payback period of 320 days. The institute has fee of Rs 12.62 lakh and the average annual salary offered at the institute in 2013 was Rs 14.4 lakh.
The below information shows the list of country’s leading 10 B schools including the top IIMs viz. Ahmedabad, Bangalore, Calcutta and Lucknow along with their latest fee structure and average salary offered to their students from the last batch. The B schools are ranked on the basis of their Payback period.
Payback period of Top 10 B schools
Name of the institute
Fee structure (in Rs lakh)
Average salary (2013) (in Rs lakh)
Payback period (in days)
Note: The fee structure excludes accommodation charges. Payback period days are rounded-off.
The payback period is calculated as: Fee structure/average salary x 365
To get admission in the above list of B schools, you need to score very high percentile in CAT 2013/XAT 2014 exams.
So, apply to MBA Exams like CAT, XAT and NMAT to get opportunity of high ROI and fastest payback period after your MBA programmes.
Our last article brought you the list of Top B-schools where application process is open.
SPJIMR, IIM-L, XLRI lead fastest payback period amongst top