The National Institutional Ranking Framework (NIRF) 2024, released on August 12th, has once again showcased the excellence of India’s higher education institutions. Among the five key parameters assessed – Teaching, Learning, and Resources (TLR); Research and Professional Practices (RPC); Graduation Outcomes (GO); Outreach and Inclusivity (OI); and Perception (PER) – Haryana has carved a niche for itself in the Management category.
This year, four institutes from Haryana have secured a place in the prestigious NIRF ranking. These institutes are:
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Management Development Institute:
Ranked 11th with a score of 66.85, offering a PGDM course with an approximate fee range of INR 3 lakh to INR 24 lakh.*
Indian Institute of Management Rohtak:
Securing the 12th position with a score of 66.49, offering a PGPM program with an approximate first-year fee of INR 8.5 lakh.*
Great Lakes Institute of Management:
Ranked 52nd with a score of 51.35, offering a PGDM program with an approximate fee range of INR 14 lakh to INR 17 lakh.*
BML Munjal University:
Ranked 83rd with a score of 46.67, offering an MBA program with an approximate first-year fee of INR 7 lakh.The inclusion of two institutes in the top 15 demonstrates the high quality of management education offered in Haryana. This diverse representation across the ranking makes it easier for aspiring students to find an institute that aligns with their individual aspirations and career goals.
Decoding Placement Records:
The NIRF ranking provides valuable insights into the placement records of these institutes, offering a glimpse into the career opportunities available to graduates. Here’s a detailed look at their performance in the academic year 2022-23:
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Management Development Institute:
Out of 470 PG (2 Years Program) graduates, 469 secured placements with a median salary of INR 26 lakh.*
Indian Institute of Management Rohtak:
All 235 graduates within the stipulated time were placed with a median salary of INR 18.7 lakh.*
Great Lakes Institute of Management:
92 out of 117 PG (2 Years Program) graduates were placed with a median salary of INR 10 lakh.*
BML Munjal University:
122 out of 168 PG (2 Years Program) graduates were placed with a median salary of INR 7.8 lakh.The Allure of Management Courses:
The increasing demand for management courses stems from their ability to equip students with the skills necessary for success in a competitive job market. Some key reasons why students opt for management courses include:
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Lucrative Career Opportunities:
Management degrees, particularly MBA programs, are considered gateways to high-paying jobs in diverse sectors such as finance, consulting, marketing, and more.*
Entrepreneurial Goals:
Many students pursue management courses to gain the essential skills and knowledge to establish and manage their own businesses. Management programs provide insights into business strategy, leadership, and innovation, crucial for entrepreneurial success.*
Career Growth:
Management courses equip students with a comprehensive skillset encompassing leadership, strategic thinking, problem-solving, and more. For professionals already in the workforce, pursuing a management degree can lead to career advancement, promotions, and increased earning potential.Haryana’s impressive performance in the NIRF ranking signifies its commitment to providing quality management education. The robust placement records of these institutes further validate their value proposition, making them attractive choices for students seeking fulfilling and successful careers in management. It’s important to note that the fees mentioned above are approximate ranges, and actual fees may vary. Students are encouraged to visit the official websites of respective institutes for accurate and up-to-date information.
