Parul Institute of Management and Research, Vadodara

Overview

Parul Institute of Management and Research, Vadodara, is the MBA college within Parul University, and is recognized throughout India as a leading Business School, ranked #65 in the IIRF 2024 rankings. It offers a full time 2 year MBA program with multiple specializations, from Finance to Marketing, and Human Resources to Retail Management. Through its Strategic International Ties, Parul University provides its MBA students with an unprecedented level of exposure to International Business. With an intake of 420 students per year, Parul University is home to one of the larger MBA batches in the country, and the residential campus offers exceptional opportunities to build strong academic and extracurricular traditions.

The MBA program at Parul Institute of Management and Research, Vadodara, is well known for its strong placement record, with the highest package exceeding INR 18 LPA. The Training and Placement Cell works through the year to ensure complete interview readiness, and assigns internships to students between their first and second year of study, before facilitating the final interviews over the second year of the MBA program. Several blue chip companies recruit MBA students from Parul University, including the Times of India, Amazon, TCS, Vodafone, ABB, Asian Paints, and Decathlon. Students of different specializations are able to find roles that are tailored to their academic and practical studies.

Highlights

Fees

The total academic fee for all the different MBA specializations at Parul Institute of Management and Research, Vadodara (Finance, Marketing, Retail Management, Human Resources, etc.) is INR 81,550 per year, or INR 1,63,100 for the full course. This amount includes the tuition fee and supporting academic costs including the charge for access to the computer lab, placement facilities, and the library.

Students of Parul University must also budget for living costs, which vary according to the type of occupancy (number of students per room) and the AC status of the room chosen. The annual costs range from INR 68,000 to INR 1.18 Lakh, for a potential total of up to INR 2.36 Lakh for the entire course. Students must also submit a security deposit of INR 5,000 or INR 20,000 (non-AC or AC room) that will be refunded at the time of graduation from the MBA program subject to leaving the hostel premises in good condition.

Admissions

The eligibility criteria for admission to the Parul Institute of Management and Research, Vadodara, are as follows:

• The applicant must have completed an undergraduate degree program of minimum three years’ duration from a recognized University anywhere in the world.
• The aggregate over all the semester exams of the UG degree must be at least 50%, as per AICTE norms for admission to any MBA program. This is relaxed to 45% for reserved category candidates.

The steps in the application process to the MBA programs at Parul University are as follows:

• Filling up the form on the PU website containing basic contact and personal details.
• Using the registered email address to log in to the Parul University Admission Panel.
• Filling up the academic history details and uploading scans of the relevant documents (identify proof, academic transcript, and UG degree certificates).
• Working with the admission counselor after the call back to complete the enrollment process.
• After the University sends out offer emails to qualified MBA candidates, they must pay the first year’s fees to complete the registration process and begin attending classes.

Placements

As one of the top MBA colleges in India, the placement highlights of the MBA program at Parul University are as follows: 

• All the career-related activities are overseen by the Training and Placement Cell, with the Career Development Cell helping with counseling and soft skills workshops.
• The highest package offered during the recent placement season ws INR 18 LPA.
• Some of the main recruiters were Pantaloons, the Times of India, Tata Consultancy Services, Patanjali, Oyo Rooms, Berger Paints, Jaro Education, and Extramarks.
• The split between national companies and international MNCs was approximately 2:1.

Cut-Offs

Applicants to the full time MBA program at Parul University must have a minimum undergraduate aggregate performance (across all end semester examinations) of 50%. This criterion is relaxed to 45% for reserved category candidates. This is the only cut-off related to the application process, though Parul University reserves the right to refuse admission to students who cross this cut-off based on other components of their application.

Faculty & Alumni

Parul Institute of Management and Research, Vadodara, is home to 42 full time faculty members. Most of them have degrees from the best IITs and IIMs, who are supplemented by eminent industry experts, ensuring that students have exposure to practical skills from Day 1. The quality of the faculty is vouched for by the MBA course accreditation from the All India Management Association and the Association of Indian Universities.

MBA students of Parul University enjoy a strong bond with the PU Alumni Association, which has its own website and Alumni portal. Through this, current MBA students can reach out to their own seniors who are in senior management positions in India and abroad, and also leverage the expertise of PU alumni in other disciplines. The portal can also be used by MBA alumni to network with their fellow Parul University graduates, and serves as a very strong tool for professional growth. The Alumni Association organizes in-person and virtual events in several countries worldwide, with large representations in Germany, Australia, and Zimbabwe.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available. There are three main categories of scholarships offered to MBA students of Parul University:

1. Cultural Scholarships: Up to 10% of the seats are reserved for students with exceptional cultural and literary achievements. In addition, a full or partial tuition fee waiver will be provided to students based on differing levels of excellence in cultural achievement:

• District Level Participation and Awards: 25% of the total tuition fee will be reduced.
• State Level: 50%.
• Zonal Level: 75%.
• National Level: 100%.

To apply, students must submit a Letter of Recommendation from a mentor, along with two references from peers, and documentary proofs (e.g. certificates) of cultural achievement.

2. Sports Scholarships: There are four levels of sporting excellence recognized by Parul University in its MBA students, and each has its own perks, including tuition fee and hostel fee waivers:

• A+ grade; international sports participation: 100% tuition fee and hostel fee waiver.
• A grade: top 3 positions in any discipline in the West Zone Inter-University games: 100% tuition fee and 70% hostel fee waiver.
• B+ grade: Participation in the all-India Inter-University games: 100% tuition fee waiver.
• B grade: Participation in the West Zone Inter-University games: 100% tuition fee and hostel fee waiver.

These scholarships are liable to be discontinued if the student does not maintain a high level of discipline or has an attendance below 90% in the training camps.

3. Defense Scholarships: Recipients of any Gallantry Award during their active defense service tenure are offered a 40% tuition fee waiver, whereas serving officers enrolling in the MBA program during their study leave are offered a 30% tuition fee waiver.

Preparation & FAQs

The primary consideration during admission of students to the MBA program at Parul University is the performance during UG studies (the qualifying examination aggregate). Therefore, students should prepare well for their UG examinations during all 6/8/10 semesters, and ensure that their overall CGPA or percentage does not fall below 50%, or its equivalent in terms of grade point average. An initially low aggregate can be made up for through exceptional performance during the final two semester examinations of the Bachelor’s degree. This will also benefit the student during his/her application to other MBA programs, as the same cut-off is applicable to all PG programs affiliated to the AICTE.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Vadodara?

Parul Institute of Management and Research, Vadodara is one of the best MBA colleges in India, and is a contender for best Business School in Vadodara. It is ranked #65 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. How can MBA students of Parul University, Vadodara, access career counseling opportunities?

Parul University, Vadodara, is home to an active Career Development Cell, which helps MBA students identify career paths which are ideal for their skill set, and develop the soft skills needed to succeed in the associated interviews.

Q. What facilities does Parul University provide to encourage MBA students who are interested in entrepreneurship?

Parul University is home to several Centers of Entrepreneurship Excellence which are integrated with the Institute of Management and Research to ensure that students who are interested in the startup culture can access mentorship and funding opportunities.

Q. Are the tuition fees the same for all MBA students of Parul University, Vadodara?

Parul University is home to thousands of international students. The annual tuition fees for MBA students may vary depending on the state and country in which the student has completed their undergraduate studies. For example, the annual tuition fee for the MBA Finance course is INR 81,550, but it may be higher for foreign citizens.