The Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, IIT Delhi, XLRI Jamshedpur, IIM Lucknow, and IIM Mumbai, per NIRF MBA ranking 2024. MBA Admissions are based on MBA entrance exams such as CAT, GMAT, SNAP, XAT, and MAT, followed by a GD/ PI round. The fee structure ranges from INR 50,000 to INR 31,20,000, while the average package ranges from INR 7 to INR 15 LPA. The salaries of graduates from prestigious MBA colleges like IIM, ISB, and IIT have experienced a significant increase in the range of 3 to 30 per cent. IIM Calcutta recorded the highest package, INR 1.20 crore per annum, per 2024 final placement reports.
The Top Management Colleges in India from IIM Ahmedabad to IIM Kozhikode are actively working on their MBA curriculum to offer more hands-on experience for MBA students. FMS Delhi is the top MBA college in India with low fees, which is INR 2,00,00 with an average package of INR 34 LPA.
Table of Content
- What are the Top 10 MBA Colleges in India?
- What are the Top MBA Colleges in India according to Placements?
- Top MBA Colleges in India with NIRF Ranking 2024
- Government vs Private MBA Colleges in India: Which one is better?
- What are the Tier 1 MBA Colleges in India?
5.1 Is it worth doing an MBA from a non-tier 1 College in India?
5.2 Which are the Top MBA Colleges in India with Lower fees?
What are the Top 10 MBA Colleges in India?
Here is the list of the Top 10 MBA Colleges in India, their total seats, CAT Cut-off for 2024, and total course fees.
| Top 10 MBA Colleges in India | Total Seats | CAT 2024 Cutoff (Percentile) | Total Course Fees(INR) |
|---|---|---|---|
| IIM Ahmedabad | 385 | 99.5 | INR 25 lakh |
| IIM Bangalore | 565 | 99 | INR 24.5 lakh |
| IIM Calcutta | 462 | 99 | INR 27 lakh |
| DMS IIT Delhi | 91 | 98 | INR 11.2 lakh |
| IIM Kozhikode | 525 | 97 | INR 12 lakh |
| IIM Lucknow | 490 | 90 | INR 14.3 lakh |
| IIM Indore | 450+150 | 90 | INR 21.17 lakh |
| XLRI Jamshedpur | 1310 | 92 | INR 24.20 lakh |
| IIM(NITIE) Mumbai | 550 | 97 | INR 21 lakh |
| IIT Madras | 68 | 85 | INR 8.92 lakh |
What are the Top MBA Colleges in India according to Placements?
The best MBA Colleges in India provide attractive placement opportunities with a high ROI (Return on Investment) in reputable companies. The top B schools in India have dedicated placement cells to prepare students for interviews. The top MBA Placements in India are obtained by IIMs in India.
Check out the infographic below of the top MBA colleges in India placement-wise.
Top MBA Colleges in India with NIRF Ranking 2024
The National Institutional Ranking Framework (NIRF) is a method adopted by the Government of India to rank the top institutions based on various parameters. NIRF is the most trustworthy and popular ranking agency in India. It operates under the Ministry of Education. So, if you’re planning to pursue higher education in India, you should check out the NIRF rankings to help you make an informed decision!
The table below highlights the top MBA colleges in India, per NIRF Ranking of the past three years, i.e. 2021 to 2023.
| College Name | NIRF 2024 | NIRF 2023 | NIRF 2022 | NIRF 2021 |
|---|---|---|---|---|
| Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 | 1 |
| Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 | 2 |
| Indian Institute of Management, (IIM) Kozhikode | 3 | 3 | 5 | 4 |
| Indian Institute of Technology, (IIT) Delhi | 4 | 5 | 4 | 5 |
| Indian Institute of Management, (IIM) Calcutta | 5 | 4 | 3 | 3 |
| IIM Mumbai (NITIE) | 6 | 7 | 9 | 12 |
| Indian Institute of Management, (IIM) Lucknow | 7 | 6 | 6 | 7 |
| Indian Institute of Management, (IIM) Indore | 8 | 8 | 7 | 6 |
| XLRI-Xavier School of Management | 9 | 9 | 12 | 12 |
| Indian Institute of Technology Bombay | 10 | 10 | 11 | 10 |
Government vs Private MBA Colleges in India: Which one is better?
The major dilemma for prospective MBA students is whether to pursue an MBA from a public or private institution. We will discuss and compare both Private and Government colleges and what is the right option for you!
| Parameters | Government MBA Colleges | Private MBA Colleges |
|---|---|---|
| Cost & Affordability | Government MBA colleges are more affordable due to their subsidized fees. | Private MBA colleges generally have higher fees but may offer scholarships and financial aids |
| Faculty & Curriculum | They are known for their experienced faculty and comprehensive curriculum. | They focus on industry-specific knowledge and have faculty with industry experience. |
| Infrastructure & Resources | They may lack modern infrastructure. | They invest in state-of-the-art infrastructure and resources to enhance the learning experience. |
| Placement Opportunities | Government colleges have strong alumni networks and Industry connections, facilitating placements. | Private colleges have high placement rates due to industry collaborations and focus on practical skills. |
Top Government MBA Colleges in India
The Government MBA colleges in India are known for their academic excellence and legacy. They are known for their robust curriculum with a lower fee structure and experienced faculties. The cutoff for Government colleges is usually higher due to lower costs, good placement, and high student enrollment.
| College Name | Total Course Fees | Admission Criteria |
|---|---|---|
| IIM Ahmedabad | INR 25 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
| IIM Bangalore | INR 25 lakh | Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students) |
| IIT Delhi | INR 11.2 lakh | Entrance Exam: CAT Graduation with 60% aggregate |
| IIM Kozhikode | INR 12 lakh | Entrance Exam: CAT, EMAT Graduation with 50% aggregate |
| IIM Lucknow | INR 14.3 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
| IIM Raipur | INR 18 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
| IIM Rohtak | INR 17.9 lakh | Entrance Exams: CAT, IPM Aptitude Test Class 12 with 60% aggregate |
| FMS Delhi | INR 2,00,000 | Entrance Exam: CAT Graduation with 50% aggregate |
| IIT Madras | INR 8,92,000 | Entrance Exam: CAT Graduation with 50% aggregate |
| SJMSOM, IIT Bombay | INR 14.27 lakh | Entrance Exam: CAT Graduation with 60% aggregate |
Top Private MBA Colleges in India
The most important aspect of Private MBA colleges is that you get modern infrastructure plus an industry-oriented curriculum. If your skill set is industry-specific, you can be absorbed in the industry very easily. Many private institutions collaborate with multinational corporations to make your job worthiness and job skills. Admissions are done on a profile basis, i.e. they look for skills compared to merit.
| College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
|---|---|---|---|
| Xavier School of Management (XLRI) | 8 | 8 | 9 |
| Management Development Institute (MDI) | 11 | 13 | 13 |
| Symbiosis Institute of Business Management | 20 | 17 | 17 |
| S. P. Jain Institute of Management & Research | 19 | 21 | 20 |
| SVKM`s Narsee Monjee Institute of Management Studies | 22 | 25 | 21 |
| Amity University | 29 | 28 | 28 |
| International Management Institute, New Delhi | 26 | 30 | 34 |
| Great Lakes Institute of Management | 24 | 31 | 31 |
| ICFAI Foundation for Higher Education, Hyderabad | 27 | 32 | 40 |
| Lovely Professional University (LPU) | 37 | 34 | 32 |
What are the Tier 1 MBA Colleges in India?
Below are the Tier -1 MBA Colleges in India along with their fees and admission criteria-
| College Name | Total Fees | Admission Process |
|---|---|---|
| IIM Ahmedabad | INR 25 Lakhs | CAT/GMAT/GRE |
| IIM Bangalore | INR 24.50 Lakhs | CAT/GMAT |
| IIM Calcutta | INR 27 Lakhs | CAT/GMAT |
| IIT Delhi | INR 13.24 Lakhs | CAT |
| IIM Kozhikode | INR 20.50 Lakhs | CAT/GMAT/GRE |
| IIM Indore | INR 21.17 Lakhs | CAT |
| XLRI Xavier School of Management | INR 24.20 Lakhs | XAT/GMAT |
| IIM Mumbai | INR 21 Lakhs | CAT/GMAT |
| IIT Kharagpur | INR 11.76 Lakhs | CAT |
| IIM Ranchi | INR 17.2 Lakhs | CAT/IPMAT |
Is it worth doing an MBA from a non-tier 1 College in India?
Whether pursuing an MBA from a non-tier 1 college in India is worth it depends on various factors, including your career goals, financial situation, and the specific circumstances of the college you are considering.
Below is the list of Top MBA colleges in India from tier 2.
| College Name | MBA Course Offered | Entrance Exam Expected Cut-offs |
|---|---|---|
| K. J. Somaiya Institute of Management Studies and Research, Mumbai | PGDM | CAT: 90 percentile, CMAT: 187 marks |
| Institute of Rural Management Anand, Anand | PGP in Rural Management | CAT: 80 percentile |
| Symbiosis Institute of International Business (SIIB) | MBA (International Business) | SNAP: 98 percentile |
| T. A. Pai Management Institute, Manipal (TAPMI) | PGDM | CAT: 80 percentile GMAT: 650 marks XAT: 80 percentile |
| Symbiosis Institute of Business Management, Bangalore | MBA | SNAP: 95 percentile |
| International Management Institute (IMI), Delhi | PGDM | CAT: 90 percentile |
| Great Lakes Institute of Management, Chennai | PGDM | CAT: 90 percentile CMAT: 90 percentile GMAT: 600 marks XAT: 90 percentile |
| Indian Institute of Management (IIM) Ranchi | PGDM | CAT: 90 percentile |
| Institute of Management, Nirma University | MBA | CAT: 80 percentile |
| Indian Institute of Management (IIM) Raipur | PGP | CAT: 90 percentile |
Which are the Top MBA Colleges in India with Lower fees?
MBA fees in top-ranked MBA colleges in India are generally very high and beyond the reach of many students. However, some MBA colleges in India offer MBA courses at a lower fee structure. To find out about the top MBA colleges in India with low fees, refer to the table below.
| Low-cost Colleges | Total Tuition Fee | Average Salary |
|---|---|---|
| FMS Delhi | INR 2,00,000 | INR 34 lakhs |
| Delhi School of Economics | INR 97,740 | INR 13.5 lakhs |
| Department of Financial Studies | INR 99,000 | INR 17 lakhs |
| Department of Business Economics | INR 99,000 | INR 13.5 lakhs |
| UBS Chandigarh | INR 47,890 | INR 13.5 lakhs |
| TATA Institute of Social Sciences | INR 1,85,000 | INR 27 lakhs |
City-wise Top B- Schools in India
If you’re interested in pursuing an MBA in India, you may find this list of top-quality colleges sorted by location helpful.
Top MBA Colleges in Bangalore
Below are the top MBA Colleges in Bangalore along with their NIRF Ranking fees, total tuition fees, and exam accepted.
| NIRF Ranking 2023 | College Name | Total Tuition Fee/ Exam |
|---|---|---|
| 2 | IIM Bangalore | Fee: INR 25 lakh Exam: CAT |
| 60 | Christ University | Fee: INR 9 lakh Exams: CAT, XAT, CMAT, Karnataka PGCET, etc. |
| 85 | Jain Deemed to be University | Exams: Karnataka PGCET, MAT, CAT, JET, XAT, etc. |
| 87 | Alliance School of Business | Fee: INR 15 lakh Exams: MAT, GMAT, CAT, KMAT, Karnataka PGCET, NMAT, etc. |
| 101-125 | Welingkar Bangalore | Fee: INR 13 lakh Exams: CAT, XAT, CMAT, ATMA |
Top MBA Colleges in Mumbai
Refer to the table below for the top MBA Colleges in Mumbai along with their NIRF Ranking fees, total tuition fees, and exam accepted.
| NIRF Ranking 2023 | College Name | Total Tuition Fee/ Exam |
|---|---|---|
| 7 | IIM Mumbai | Fee: INR 6 lakh Exam: CAT |
| 20 | SP Jain Institute of Management and Research | Fee: INR 20 lakh Exam: CAT |
| 21 | NMIMS School of Business Management | Fee: INR 12 lakh Exam: NMAT |
| 73 | Welingkar Mumbai | Fee: INR 14 lakh Exam: CAT, XAT, CMAT, ATMA |
Top MBA Colleges in Delhi NCR
Refer to the table below for a detailed overview of the top MBA colleges in Delhi/NCR along with their NIRF ranking and total tuition fee/entrance exams:
| NIRF Ranking 2023 | College Name | Total Tuition Fee/ Exam |
|---|---|---|
| 12 | IIM Rohtak | Fee: INR 9 lakh Exams: CAT, IPM Aptitude Test |
| 13 | MDI Gurgaon | Fee: INR 25 lakh Exam: CAT |
| 25 | JMI | Fee: INR 47,000 Exam: JMI Entrance Exam |
| 27 | IIFT Delhi | Fee: INR 22 lakh Exam: IIFT |
| 28 | Amity University Noida | Fee: INR 5 lakh Exams: MAT, XAT, CAT, NMAT, etc. |
Top MBA Colleges in Pune
Below are the top MBA Colleges in Pune along with their NIRF Ranking fees, total tuition fees, and exam accepted.
| NIRF Ranking 2023 | College Name | Total Tuition Fee/ Exam |
|---|---|---|
| 17 | SIBM Pune | Fee: INR 22 lakh Exam: SNAP |
| 76 | National Institute of Bank Management | Fee: 14 lakh |
| 101-125 | Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth | Fee: INR 5 lakh Exam: BMAT |
| 101-125 | National Insurance Academy | Fee: INR 9 lakh Exam: CAT, CMAT |
| 101-125 | Pune Institute of Business Management | Fee: INR 8 lakh Exams: MAT, XAT, CAT, CMAT, MAH CET |
What are the Top 10 BBA+MBA integrated Colleges in India?
The table below highlights the Top 10 Integrated (BBA+MBA) colleges in India, with IPM course fees and admission criteria.
| College Name | Course | IPM Fees (in INR) | Admission Criteria |
|---|---|---|---|
| IIM Indore | IPM | 17.14 Lakhs | IPMAT Score |
| IIM Ranchi | IPM | 15.93 Lakhs | IPMAT score |
| IIM Jammu | IPM | 16.86 Lakhs | JIPMAT Score |
| IIM Bodh Gaya | IPM | 28.50 Lakhs | JIPMAT Score |
| IIM Rohtak | IPM | 17.65 Lakhs | IPMMAT |
Which is better, a Distance MBA or an Online MBA?
Choosing between an Online MBA and a Distance MBA depends on personal preferences, learning styles, and career aspirations. Online MBA programs provide an engaging and interactive learning environment through live sessions, group projects, and virtual networking opportunities. In contrast, Distance MBA programs offer greater flexibility and independence regarding study schedules and locations.
Which are the Best Institutes for a Distance MBA in India?
Check out the top Distance MBA colleges in India with fee structure in the table below.
| Distance MBA Colleges | Total Tuition Fee | Seat Intake |
|---|---|---|
| XLRI Xavier School of Management | INR 14 lakh | NA |
| SRM Institute of Science and Technology | INR 60,000 | 1,200 |
| National Institute of Agricultural Extension Management | INR 15,000 | NA |
| Neville Wadia Institute of Management Studies and Research | INR 4 lakh | 120 |
| Indian Institute of Finance | INR 2 lakh | NA |
| IGNOU | INR 62,000 | NA |
What are the Top Online MBA Colleges in India in 2024?
Here is the list of the Top 10 Online MBA colleges in India for an MBA online degree available in India, along with their fee structure and key nodal points for students.
| Top Online MBA Colleges in India | Total Fees | Nodal Points |
|---|---|---|
| Amity Online University | INR 1,79,000 | 38th in NIRF Ranking, UGC-DEB Entitled, NAAC A++ GradeBest Online MBA Program in Asia by QS ranking500+ Hiring PartnersAI Professor with Placement Assistance |
| Manipal Online University | INR 1,75,000 | Globally Accredited with CUP & UGC DB10+ Top MBA SpecializationsProvides Coursera MBA Program Free of costNo Cost EMI availableLive & Recorded lectures with doubt-clearing sessionsLMS & 24/7 Academic Support |
| Lovely Professional University | INR 1,72,000 | 38th in NIRF Ranking, UGC-DEB Entitled, NAAC A++ Grade10+ Top MBA SpecializationsNo Cost EMI availableLive lectures on Weekends with doubt-clearing sessionsVirtual Job fair with placement alert on email |
| Chandigarh University | INR 2,00,000 | 27th NIRF Ranking with a PUGC DB Approval1st in QS Ranking among Top Private Universities in India15+ MBA SpecializationsNo Cost EMI available |
| Jain University | INR 1,60,000 | 68th in NIRF Ranking, UGC-DEB Entitled, NAAC A++ Grade40+ Globally Approved MBA Specialization20,000+ Linked-in Certificate CoursesEasy EMI facilitiesLMS with doubt-clearing sessions & 24/7 Academic Support |
| DY Patil University | INR 2,00,000 | 81st in NIRF Ranking, UGC-DEB Entitled, NAAC A++ Grade15+ Globally Approved MBA Specialization Placement Assistance in MBA ProgramsEasy EMI facilitiesLMS with doubt-clearing sessions & 24/7 Academic Support |
| Amrita University | INR 1,70,000 | 7th in NIRF Ranking, UGC-DEB Entitled, NAAC A++ Grade5+ Globally Approved MBA Specialization Placement Assistance in MBA ProgramsScholarship & Semester PaymentEasy EMI facilitiesLMS with doubt-clearing sessions & 24/7 Academic Support |
| UPES University | INR 1,50,000 | 52nd in NIRF Ranking, UGC-DEB Entitled, NAAC A Grade 10+ Globally Approved MBA SpecializationCertification courses from IBM & KPMGScholarship & Semester Payment with No Cost EMI LMS with doubt-clearing sessions & 24/7 Academic Support |
| Uttaranchal University | INR 1,70,000 | UGC-DEB Entitled, NAAC A Grade, & AICTE ApprovedLMS with doubt-clearing sessions & 24/7 Academic Support |
| IGNOU | INR 62,000 | UGC-DEB Entitled, NAAC A++ Grade5+ Globally Approved MBA SpecializationOffline Books & Doubt-clearing session |
What are the Best MBA Colleges in India based on ROI?
ROI indicates the profitability of pursuing a specific course at a college, comparing the cost of education to the potential return in the form of placement opportunities. This is particularly significant when considering management courses, as choosing a college or university based on the ROI factor can be highly beneficial.
The ROI can be calculated by comparing the average placement package and the total fees of that College/ University.
*ROI={(Average Placement Package)/(Average Annual Fee)}*100%
In the following infographic, we have calculated the ROI of some of the best MBA colleges in India for your reference:
List of MBA Colleges without Entrance Exam
Here is the list of MBA colleges without entrance exam along with their approximate fee:
| Name of the College | Average Fee (in INR) |
|---|---|
| Jawaharlal Nehru Technological University, Hyderabad | 46,000 – 2,40,000 |
| Sikkim Manipal University, Delhi | 5,50,000 – 15,60,000 |
| Jaipuria Institute of Management, Noida | 1,40,000 – 14,80,000 |
| Apeejay School of Management | 8,50,000 |
| GD Goenka University | 7,00,000 – 8,00,000 |
| Andhra Loyola College | 70,000 |
Top MBA Colleges with Management Quota in India
The top MBA colleges offering management courses through management quota are mentioned in the table below along with their course fees.
| Top MBA Colleges | MBA Course Fees |
|---|---|
| ISB Hyderabad | PGP: INR 27 lakhs AMPs: INR 10.5 lakhs to 12 lakhs |
| MDI Gurgaon | PGDM: INR 23 lakhs |
| IMT Ghaziabad | PGDM: INR 17 lakhs |
| KJ Somaiya Mumbai | MBA: INR 20 lakhs Executive MBA: INR 10 lakhs |
| SIBM Pune | MBA: INR 21 lakhs Executive MBA: INR 6.5 lakhs |
Top MBA Colleges in India: FAQs
Ques. Which is the best MBA college in India?
Ques. How many MBA colleges are there in India?
Ques. Which are the top specializations offered by the top MBA colleges in India?
Ques. Which are the top MBA Colleges in India without CAT?
Ques. Which are the top MBA Colleges in India with Low Fees?
Ques. Which are the Top IIMs in India?
Ques. How I can better my chances of getting selected to top MBA colleges in India?
Ques. What are the top MBA colleges that provide direct admission?
Ques. What are the top MBA colleges that provide the best overseas placements?
Ques. What are the top MBA colleges in India in terms of placement?
Ques. What are the top recruiters at the best MBA colleges in India?