The top MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Indore according to the MHRD-NIRF rankings for 2021. Other B-school surveys such as India Today, Outlook, and Business Today, XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management, and Department of Management Studies of the IITs are among the best MBA colleges in India.
If you want to pursue an MBA degree, you have various options. However, the quantity of information available on the internet about the best business schools in India may be overwhelming and confusing. To assist you in making an educated career decision, we’ve put up a table that lists the top 100 business schools in India, along with their flagship project, entrance exam ,tuition costs, admission test, NIRF MBA college ranking, and average post-MBA salary.
Before we go any further, here’s a quick summary of India’s Top 10 MBA colleges in India:
| Top MBA colleges in India | Average Salary |
|---|---|
| IIM Ahmedabad | INR 22,82,000 |
| IIM Bangalore | INR 28,96,000 |
| IIM Calcutta | INR 27,00,000 |
| IIM Lucknow | INR 26,00,000 |
| IIM Indore | INR 23,60,000 |
| FMS Delhi | INR 26,00,000 |
| ISB(Indian School of Business) | INR 28,29,000 |
| SPJIMR Mumbai | INR 25,00,000 |
| XLRI Xavier School of Management | INR 24,30,000 |
| MDI Gurgaon – Management Development Institute | INR 22,00,000 |
| Parameters | Particulars/ Statistics |
|---|---|
| No. of MBA Colleges in India | 5,000 (Approximately) |
| Top Specialisations | General Management, Marketing, Operations, Sales, Business Analytics, Human Resources, Finance, Digital Marketing, Information Technology, Event Management & PR and Travel & Tourism |
| Fees | -Annual fee < Rs 10 lakh: 6%
– Annual fee >Rs 10 lakh: 94% |
| Top MBA Colleges in India | IIMs, SPJIMR, XLRI, MDI, IMT, IIT-DoMs, SIBM, etc. |
| Admission Process | Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP |
A two-year MBA degree can lead to a variety of professional and business possibilities. This course gives information and skills in business administration and operations, which are critical for the successful management of a corporation. Individuals’ communication skills and leadership abilities are also developed during the MBA course.
MBA programs are open to students from all disciplines, including science, business, and humanities. The full-time MBA, which incorporates theory lectures, practical projects, and internships, is the most popular of all. A full-time MBA is ideal for recent graduates as well as those with a few years of professional experience. In India, there are approximately 5,000 MBA institutes that provide courses in a variety of specializations. Some B-Schools provide an MBA degree, while others provide a postgraduate diploma (PGDM/PGPM).
The MBA program requires a diploma or equivalent from a recognised university; however, the minimum score needed for specialty specialisations may differ.
As a fundamental qualifying condition for MBA candidates, they must have graduated from a recognised university with a bachelor’s degree in any subject or equivalent (full-time).
Most colleges adhere to the AICTE’s graduation minimum score criterion, which is 50% aggregate or equivalent with a 5% relaxation for students from underrepresented groups.
MBA is also open to holders of professional degrees such as MBBS, CA, CS, and ICWAI, among others.
India has over 3,000 private MBA institutions, over 500 public/government MBA colleges, and over 70 public private MBA colleges.
Here is the list of top 10 private MBA colleges in India with fees:
| Private Colleges | Course Fee (in Rs) |
|---|---|
| Indian Institute of Foreign Trade, Delhi | 8.85 L |
| International Management Institute, Delhi | 18.34 L |
| Great Lakes Institute of Management, Chennai | 11.81 L |
| SPJIMR, Mumbai | 17.87 L |
| NITIE, Mumbai | 11.33 L |
| Symbiosis Institute of Business Management, Pune | 10.20 L |
| ICFAI Business School, Hyderabad | 14.14 L |
| SVKM’s Narsee Monjee Institute of Management Studies | 10.42 L |
| XLRI Xavier School of Management, Jamshedpur | 23.60 L |
| MDI Gurgaon | 21.34 L |
Here is the list of top 10 public/government MBA colleges in India with fees:
| Public Colleges | Course Fee (in Rs) |
|---|---|
| IIT Bombay-SJMSOM | 8.67 L |
| IIT Madras-DoMS | 8.00 L |
| IIT Kharagpur-VGSOM | 9.26 L |
| IIM Lucknow | 5.69 L |
| IIM Indore | 17.06 L |
| IIT Delhi-DoMS | 8.80 L |
| IIM Kozhikode | 20.50 L |
| IIM Ahmedabad | 23.00 L |
| IIM Bangalore | 18.70 L |
| IIM Calcutta | 10.10 L |
The placement given by top MBA colleges in India is one of the aspects considered by students. It is also a crucial issue to consider while applying for admissions. The best MBA colleges in India have a high rate of placement. Students may also seek at the top 10 MBA colleges in India based on placement rates.
Median Salary: Rs 25 LPA (source: IIM Ahmedabad placement report 2020)
Top Recruiters coming to the college:
• Airtel
• Accenture
• Grofers
• Flipkart
• Microsoft
• HSBC
Median Salary: Rs 28.60 LPA (Source: IIM Bangalore placement report)
Top Recruiters coming to the college:
Median Salary: Rs 27.67 LPA (Source: IIM Kolkata placement report)
Top Recruiters coming to the college:
Median Salary: Rs 23.5 LPA (Source: IIM Lucknow placement report)
Top Recruiters coming to the college:
Median Salary: Rs 17.12 LPA (Source: VGSOM Placement Report)
Top Recruiters coming to the college:
The MBA degree is available in India in a variety of specialisations. The following are some of the most well-known ones given by top MBA institutes in India:
Before applying to any of the top MBA colleges in India, one of the first things to verify is your eligibility. The following are some of the most popular MBA admissions criteria:
Top MBA colleges in India that offer MBA in Sales and Marketing
1. Indian Institute of Management, Ahmedabad
2. Narsee Monjee Institute of Management Studies, Mumbai
3. Indian Institute of Management, Kolkata
4. Vinod Gupta School of Management, IIT Kharagpur
5. Indian Institute of Management, Indore
Top MBA colleges in India that offer MBA in Human Resources
1. Indian Institute of Management, Bangalore
2. XLRI Xavier School of Management, Jamshedpur
3. Shailesh J. Mehta School of Management, IIT Bombay
4. Department of Management Studies, IIT, Roorkee
5. MDI Gurgaon
Top MBA Colleges in India that offer MBA in Foreign Trade
1. Indian Institute of Foreign Trade, New Delhi
2. JMI Delhi
3. Loyola Institute of Business Administration, Chennai
4. Institute of Management Studies, BHU, Varanasi
5. Institute of Management, Nirma University, Ahmedabad
The Return on Investment, or ROI, of a management institute’s course, is a crucial aspect that influences its ranking. But what exactly is the return on investment? The balance or difference between the course cost and the salary offer following completion of the course is known as the return on investment (ROI).
Top MBA colleges in India have a larger return on investment than the others, which is why they are ranked in all-India rankings by agencies and business publications. The best MBA colleges in India (NIRF rankings 2021) are shown below, along with the average annual price and average placement package:
| Name of the College | Average Annual Fee (in Rs) | Average Placement Package (in Rs) |
| IIT Delhi | 9.6 L | 18.47 LPA |
| IIM Indore | 15 L | 22.92 LPA |
| IIM Lucknow | 19 L | 24.25 LPA |
| IIM Kozhikode | 20 L | 22.50 LPA |
| IIT Kharagpur | 10 L | 18.00 LPA |
| IIT Bombay | 8.67 L | 21.96 LPA |
| XLRI Jamshedpur | 23 L | 18.80 LPA |
| IIM Ahmedabad | 23 L | 26 LPA |
| IIM Bangalore | 23 L | 25 LPA |
| IIM Calcutta | 23 L | 27 LPA |
1) IIM Bangalore
2) IIM Calcutta
3) ISB
4) IIM Lucknow
5) FMS Delhi
6) SPJIMR Mumbai
7) XLRI, Jamshedpur
8) IIM Indore
9) MDI – Gurgaon
10) IIM Ahmedabad
On our list of the top 10 MBA colleges in India, IIM Bangalore is ranked first. Let’s examine at the specifics of IIM Bangalore’s flagship program, PGP, including entrance requirements, eligibility, cost structure, and placement reports.
Flagship Program at IIM Bangalore
The flagship curriculum of IIM Bangalore is the Master of Business Administration (MBA), a two-year full-time degree. Aside from the PGP, IIM-B offers the following management program:
IIM Bangalore PGP Admissions Sandardized Test
Domestic students can apply for IIM-B PGP admission via the CAT (Common Admission Test) (cut-off – 85 percentile). Applicants from outside India can apply via the GMAT.
PGP Qualifying Criteria at IIM Bangalore
Apply for the IIM Bangalore PGP, you must meet the following requirements:
The following factors are used to evaluate your application at IIM Bangalore for the PGP program:
PGP Fee Structure at IIM Bangalore
The entire tuition price for IIM Bangalore’s PGP class of 2021 is INR 23,00,000. You will also be required to pay a 20,000 INR caution deposit and a 25,000 INR advance at the mess (each term)
PGP Placement Report from IIM Bangalore
| Total numbers of students opting for placements | 440 |
| Numbers of students who opted out of placements | 9 |
| Total numbers of offers made | 481 |
| Numbers of companies recruiting | 120 |
| Average domestic salary | INR 28.98 lakhs |
In our ranking of the top MBA colleges in India, IIM Calcutta comes in second. For those interested in a career in finance or consulting, IIM Calcutta is a well-known option. Let’s take a look at some key data concerning IIM-flagship C’s programs, such as admissions requirements, eligibility, fee structure, and placement statistics.
Flagship Program at IIM C
The Master of Business Administration program is IIM Calcutta’s flagship program (MBA). Aside from the MBA, IIM-C provides the following management program:
IIM C MBA Admissions Standardized Test
GMAT (only for overseas candidates) (Cut-off – 85 percentile)
CAT (Cut-off – 85 percentile)
Only CAT 2021 is available for domestic applicants to apply for IIM-C MBA 2022-2024.
Interested applicants who live, work or study outside of India between January 1, 2021, and February 15, 2022, may be regarded as an “Overseas Candidate” for admission to IIM Calcutta’s MBA program for the 2022-24 batch.
However, an overseas applicant who plans to be in India for CAT 2021, which is planned for November 28, 2021, will be unable to apply under the abroad category.
MBA Qualifying Criteria at IIM Calcutta
The following factors are used to determine your eligibility for IIM Calcutta’s MBA program:
Admissions to IIM Calcutta
The following factors are used to evaluate your application for final selection into IIM Calcutta’s MBA program:
Fee structure at IIM Calcutta
The tuition price for the class of 2020-2022 at IIM Calcutta has remained at 26.98 lakhs, excluding additional charges.
The next institute on our list of top MBA colleges in India is the Indian School of Business (ISB) Hyderabad. ISB is ranked third because of its worldwide connections, strong placement statistics, and large alumni base.
Let’s look at the specifics of ISB’s flagship program.
Flagship Program at ISB
PGP is the ISB’s flagship course (post-graduate program in management). ISB also provides the following post-graduate management programs:
ISB PGP Admissions Standardized Test
For PGP applications, ISB accepts either GMAT or GRE results.
ISB PGP Qualifying Requirements
Only if you meet the following requirements will you be considered for the ISB PGP:
Fee Structure for ISB PGP
The entire cost of attendance for the ISB PGP is around INR 34.5 lakhs (including taxes and other charges).
Report on ISB PGP Placement
In its most recent placement season, the ISB PGP class of 2021 achieved new records. The class of 2021 received 1145 offers with an average CTC of INR 28.29 lakhs, an increase of 8.32 percent above the CTC of INR 26.12 lakhs obtained last year.
Now it’s time to move on to the next top MBA colleges in India: IIM Lucknow. The following parts go over the highlights of IIM Lucknow’s flagship program.
Flagship Program
The postgraduate program in management is IIM Lucknow’s flagship curriculum (PGP). IIM provides a variety of management studies programs for graduates and professionals in addition to the PGP.
IIM Lucknow PGP Admission Standardized Test.
For its PGP, IIM Lucknow accepts CAT 2021 results.
Eligibility for the PGP
If you meet the following conditions, you will be considered for the IIM Lucknow PGP:
Admission to the PGP Program
Note that only those candidates who have been selected for an interview will be reviewed further based on the criteria indicated above.
Fee Structure for PGP
The entire cost of attendance for the PGP class of 2021-2023 at IIM Lucknow is around INR 19 lakhs.
Reports on PGP Placement
The table below summarizes the final placements for the IIM Lucknow PGP class of 2019-2021:
| Class Intake | 478 |
| Numbers of offers made | 447 |
| Highest CTC (domestic) | INR 51 lakhs |
| Highest CTC (International) | INR 56 lakhs |
| Median salary | INR 23.5 lakhs |
| Average CTC | INR 26 lakhs |
Due to its low cost of attendance and great return on investment, FMS Delhi is one of the fifth Top MBA colleges in India. Let’s take a closer look at its flagship program.
DU Flagship Program at FMS
The full-time MBA program is the flagship program of the Faculty of Management Studies (FMS) in Delhi. FMS Delhi also offers the following management studies program:
FMS DU MBA admissions standardized test
For MBA admissions, FMS Delhi will accept CAT scores.
Admissions to the FMS DU MBA Program
On the basis of their CAT scores, applicants are shortlisted for the interview process. The QA, DI/LR, and VRC portions of the CAT will be assigned 30 percent, 30 percent, and 40 percent weighting, respectively.
Following the interview, the candidates who have been shortlisted will be reviewed further based on the following aspects of their application:
Fee Structure for FMS DU MBA
For an MBA at FMS Delhi, you would have to pay INR 1,92,000 in tuition. FMA Delhi is noted for its strong ROI due to its minimal fees.
Reports on FMS DU MBA Placement
Details regarding FMA Delhi MBA 2019 placements are included in the table below:
| Class Intake | 216 |
| Average salary | INR 23.2 lakhs |
| Highest salary | INR 48 lakhs |
| Number of students who sought placement holiday | 18 |
| Number of recruiters | 68 |
| Number of offers made | 210 |
Due to the strong worldwide relevance of its programs, SPJIMR Mumbai is ranked sixth on our list of top MBA colleges in India. Let’s take a look at the program’s major features, application deadlines, eligibility requirements, pricing structure, and placement reports.
Flagship Program of SPJIMR
The Post Graduate Diploma in Management (PGDM) — a two-year full-time MBA – is the flagship program of SPJIMR Mumbai. SPJIMR Mumbai provides a variety of management studies program in addition to the PGDM, including a specific management program for women (PGMPW). Its Worldwide Management Program (GMP) provides global exposure to its students through partnerships with some of the world’s top business institutions.
SPJIMR PGDM Admission Standardized Test
The standardized exam results that SPJIMR Mumbai accepts for admission are extremely variable. To get into SPJIMR Mumbai PGDM 2022-2024, you can take one of the following three entrance exams:
PGDM Qualifying Requirements at SPJIMR
To be eligible for PGDM at SPJIMR Mumbai, you must meet the following requirements:
The following are the cut-off scores for SPJIMR PGDM admissions:
PGDM SPJIMR Criteria for Admission
The admissions procedure at SPJIMR Mumbai is divided into two parts: profile-based and profile-cum-score-based.
The applicants were finally chosen based on the following criteria:
Fee Structure for PGDM at SPJIMR
The tuition cost, lodging expenses, and Global fast track for the PGDM class of 2021-2023 at SPJIMR Mumbai is INR 19 lakhs. Any extra costs spent throughout the program will be your responsibility.
PGDM Placement Reports from SPJIMR
The table below summarizes key information about SPJIMR Mumbai’s PGDM 2021 placements:
| Average salary | INR 26.06 lakhs |
| Median salary | INR 25 lakhs |
| Participants in the batch | 233 |
| Number of recruiters | 131 |
XLRI is the oldest and best management studies institute, ranking #7 among the country’s top MBA colleges in India. Let’s take a look at its flagship program, which includes information on its admissions requirements, tuition structure, and placement report, among other things.
Jamshedpur’s XLRI Flagship Program
The flagship management studies program of XLRI, Jamshedpur, is the PGDM, which lasts two years and is full-time (Business Management). It also provides a part-time PGDM (BM) part-time program in management studies.
XLRI PGDM (BM) Admission Standardized Test
For admission to XLRI’s PGDM program, you must sit the XAT 2021 (Xavier Aptitude Test) (BM).
Eligibility Criteria for the XLRI PGDM (BM)
If you want to apply for XLRI’s PGDM (BM), you must first ensure that you meet the following requirements:
Admission Requirements for XLRI’s PGDM (BM) Program
XLRI uses a three-step procedure to select candidates for its PGDM in business management program:
The following criteria will be used to evaluate your application:
Fee Structure for XLRI PGDM (BM)
The cost of attendance for XLRI Jamshedpur’s two-year PGDM in business management is INR 20 lakhs. You will be responsible for the mess and hostel payments in addition to the tuition.
Reports on XLRI PGDM (BM) Placements
The following table summarizes the details of the 2020 XLRI PGDM (BM) class placement:
| Average salary | INR 24.30lakhs |
| Highest International salary | INR 58.5 lakhs |
| Number of offers made | 362 |
| Number of recruiters | 108 |
The Indian Institute of Management Indore is the next college on our list of top MBA colleges in India.
IIM Indore Flagship Program
The main curriculum of IIM Indore is the Post-graduate Program in Management, a two-year full-time residential MBA program (PGP). Aside from the PGP, IIM Indore offers the following management programs:
IIM Indore PGP Admission Standardised Test
To apply for PGP at IIM Indore, you must sit the CAT 2021 admission test (2022-2024 batch).
Eligibility for the PGP
The following parameters will determine your eligibility to apply for PGP at IIM Indore (2022-2024 batch):
⮚You have at least a 50 percent score on a bachelor’s degree or equivalent.
⮚You have a CAT score that is legitimate. (International students can apply based on their GMAT results.)
⮚For CAT 2021, the cut-off percentile is as follows: The overall percentile is 90, whereas the sectional percentile is 80.
⮚For overseas applicants, the cut-off GMAT score is 700, while the cut-off AWA score is 4.
Admissions Requirements for the PGP
The following components of your application will be evaluated in order to make a judgement on your admission:
International candidates must provide the following documents with their applications:
Fee Arrangement for PGP
The price for IIM Indore PGP is around INR 17 lakhs for Indian candidates. The PGP costs around INR 25 lakhs for overseas candidates.
The following table summarizes the PGP 2021 placement report from IIM Indore:
| Average salary | INR 23.6 lakhs |
| Highest salary (domestic) | INR 56.8 lakhs |
| Number of recruiters | 210+ |
| Class intake | 579 (incl. Dual-degree and PGP-Mumbai students) |
In our top 10 MBA colleges in India ranking, MDI’s two-year full-time PGDM (Post Graduate Diploma in Management) program is placed #9. The next sub-sections will go over crucial aspects of MDI’s flagship program, the PGDM, such as eligibility requirements, admissions procedures, fee structures, and placement reports.
MDI — Flagship Program as well as Additional Initiatives
MDI PGDM Admissions Eligibility
Applicants must have a valid GMAT score or a CAT 2021 score to be considered for the MDI PGDM program. Applicants with both scores should indicate which one they want to consider for admission.
The following are the program’s eligibility requirements:
Admissions Process
Candidates will be shortlisted for the selection process between February and April 2022 at a centre in one of the following cities: Bangalore, Gurugram, Kolkata, Hyderabad, Chennai, and Mumbai, based on the information supplied in the application form and the CAT or GMAT scores. Other than Gurugram, the locations are speculative. The selection process may also be performed online using Zoom, with early notice given to the candidates who have been short-listed.
The candidates will be chosen based on the weighted average of their CAT-2021/valid GMAT scores, PI, Academic merit, academic diversity, job experience, and social diversity, among other factors.
Fee Structure at MDI
The PGDM program at MDI costs INR 21,34,000 in total.
Report on MDI PGDM Placement
The average salary for the PGDM class of 2018-2020 is INR 22,05,000. The following are the important points from the MDI PGDM placement report:
| Placement Highlights | Stats |
| Number of companies | 97 |
| Batch size | 239 |
| Median Salary | INR 22,00,000 |
| Average Salary | INR 22,05,000 |
| Highest Salary | INR 40,50,000 |
On our list of top MBA colleges in India, IIM Ahmedabad is ranked #10. Important data of IIM Ahmedabad’s flagship program – PGP – will be highlighted in the following sub-sections, including eligibility requirements, admission procedure, cost structure, placement reports, and ROI.
Flagship Program at IIM Ahmedabad
The flagship curriculum of IIM Ahmedabad is the two-year Post-graduate Program in Management (PGP).
In addition to the PGP, IIM-A offers the following management programs:
IIM Ahmedabad PGP Admissions Standardized Test
You can apply for PGP at IIM Ahmedabad using the Common Admission Test if you are a domestic student (CAT).
Note that GMAT scores are only taken into account by IIM Ahmedabad for abroad Indian and foreign applicants seeking admission to its PGP program.
PGP Qualifying Criteria at IIM Ahmedabad
To be considered for a PGP at IIM Ahmedabad, you must meet the following requirements:
Admissions to IIM Ahmedabad PGP
The following criteria will be used to evaluate your application for admission to IIM Ahmedabad’s PGP program:
The PGP at IIM Ahmedabad has more requirements than only good CAT scores and a bachelor’s degree. Admission to the IIMA PGP is quite competitive. It has established cut-off scores not just for the CAT as a whole, but also for particular portions of the CAT. Aside from the CAT result, your previous academic achievements will be examined.
PGP Cost Structure at IIM Ahmedabad
The tuition cost for IIM Ahmedabad’s PGP class of 2021 has been fixed at INR 23,00,000. For abroad Indian students enrolled to the PGP class of 2021, the fee of attendance is $25,000.
PGP Placement Reports from IIM Ahmedabad
Details concerning the placement for the PGP class of 2019 are included in the table below:
| Mean Salary | INR 22,82,000 lakhs |
| Maximum Salary | INR 45 lakhs |
| Students who didn’t seek placement | 13 |
| Total number of students eligible for placements | 404 |
Ans)An MBA program might last anywhere from one to two years.
Ans)There are six different kinds of MBA programs:
1. A one-year MBA program
2. Master’s Degree in Business Administration (MBA) with a two-year program
3. Obtaining an Executive MBA
4. MBA postponed
5. MBA (Part-Time)
6. Online Master’s Degree
Ans)IIM Bangalore, FMS Delhi, SPJIMR Mumbai, and Alliance University Bangalore are among India’s top management schools with financial specialisations.
Ans) The finest management institutes in India for operations management are IIM Bangalore, IIM Kolkata, and IIM Indore.
Ans) No,While the CAT is the most popular entrance test, other examinations such as the XAT, MAT, CMAT, ATMA, and others, as well as state and university entrance exams, are also taken into account for MBA admissions.
