Top MBA Colleges in India Based on 2024 Ranking
Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, IIT Delhi, XLRI Jamshedpur, IIM Lucknow, and IIM Mumbai (NITIE), per NIRF rankings 2023. There are 5147 MBA colleges in India, of which 737 are Government and 4318 are Private MBA colleges in India. 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.
MBA is a popular choice among students in India. The number of aspiring managers who want to join leading B-Schools in India annually is approximately 3 lakhs. CAT saw a record-breaking 3.3 lakh student registrations in 2023. 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.
Table of Contents
- Top 10 MBA Colleges in India
- Top MBA Colleges in India Placement-wise
- Top MBA Colleges in India with NIRF Ranking 2023
- Top MBA Colleges in India: Admission Process
- Top Government MBA Colleges in India
- Top Private MBA Colleges in India
- Top Distance MBA Colleges in India
- Top Online MBA Colleges in India
- ROI of Top MBA Colleges in India
- Top 10 MBA Colleges in India: FAQs
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 2023, and total course fees.
| Top 10 MBA Colleges in India | Total Seats | CAT 2023 Cutoff | Total Course Fees(INR) |
|---|---|---|---|
| IIM Ahmedabad | 385 | 99 | 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 |
Top MBA Colleges in India: Placement-wise
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 majority of the MBA Placements in India are obtained by IIMs in India.
- 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 percent.
- IIM Ahmedabad recorded the highest package was INR 1.15 crore per annum.
Check out the infographic below of the top MBA colleges in India placement-wise.
Top MBA Colleges in India with NIRF Ranking 2023
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 2023 | NIRF 2022 | NIRF 2021 |
|---|---|---|---|
| Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 |
| Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 |
| Indian Institute of Management, (IIM) Kozhikode | 3 | 5 | 4 |
| Indian Institute of Management, (IIM) Calcutta | 4 | 3 | 3 |
| Indian Institute of Technology, (IIT) Delhi | 5 | 4 | 5 |
| Indian Institute of Management, (IIM) Lucknow | 6 | 6 | 7 |
| IIM Mumbai (NITIE) | 7 | 9 | 12 |
| Indian Institute of Management, (IIM) Indore | 8 | 7 | 6 |
| XLRI-Xavier School of Management | 9 | 12 | 12 |
| Indian Institute of Technology Bombay | 10 | 11 | 10 |
Top MBA Colleges in India: Admission Process
The admission process for top B-Schools in India varies from one college to another.
- Candidates should score at least 50% aggregate scores from a recognized educational institute.
- There is also a 5% relaxation available for the reserved categories.
- To get admission to the top MBA colleges, including IITs, and IIMs, a minimum of 60% aggregate marks is needed.
- For specializations such as MBA Executive, colleges demand a minimum of 2 to 3 years of working experience from the candidates.
Check out the admission process of top MBA colleges in India in the table below. The table provides information about Entrance exams, Cut-Off, and eligibility criteria.
| College Name | Exams Accepted | Cut-off | Eligibility Criteria |
|---|---|---|---|
| IIM Ahmedabad | CAT | 99 | Graduation with 50% aggregate |
| IIM Bangalore | CAT | 99 | Graduation with 50% aggregate (45 % for SC/ST students) |
| IIM Rohtak | CAT, IPM Aptitude Test | 95 | Class 12 with 60% aggregate |
| XLRI Jamshedpur | XAT & GMAT | 96 | Graduation with a minimum aggregate of 50% |
| DMS IIT Delhi | CAT | 98.04 | Graduation with 60% aggregate |
| IIM Kozhikode | CAT & EMAT | 97 | Graduation with 50% aggregate |
| MDI Gurgaon | CAT, XAT, MAT, and GMAT | 93-95 | Graduation with 50% aggregate |
| Lovely Professional University | LPU NEST, MAT, XAT, CAT, etc. | 95 | Class 12 with 60% and graduation with 55% aggregate |
| Amity University | MAT, XAT, CAT, NMAT, etc. | 85 | Class 12 with 70% and graduation with 60% aggregate |
| IIFT Delhi | CAT, GMAT & IPMAT | GMAT: 650 | Bachelor’s degree with an aggregate of 50% |
Top Government MBA Colleges in India
Below is the list of top Government MBA colleges in India, along with their total course fee and admission criteria.
| 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 |
| Banaras Hindu University | INR 70,000 | 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 top Private MBA colleges in India with fee structure and admission criteria are mentioned below.
| College Name | Total Course Fees | Admission Criteria |
|---|---|---|
| XLRI Jamshedpur | INR 24.2 lakh | Entrance Exams: XAT, GMAT Graduation with a minimum aggregate of 50% |
| SPJIMR Mumbai | INR 24 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
| MDI Gurgaon | INR 25 lakh | Entrance Exams: CAT, XAT, MAT, GMAT Graduation with 50% aggregate |
| SIBM Pune | INR 26.8 lakh | Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50% |
| IIFT Delhi | INR 33.77 lakh | Entrance Exam: CAT & IPMAT Bachelor’s degree with an aggregate of 50% |
| SBM NMIMS Mumbai | INR 24.9 lakh | Entrance Exam: NMAT Graduation with 55% aggregate |
| Amity University, Noida | INR 15.56 lakh | Entrance Exams: MAT, XAT, CAT, NMAT, etc. Class 12 with 70% and graduation with 60% aggregate |
| IMT Ghaziabad | INR 21.53 lakh | Entrance Exams CAT, XAT, and GMAT Bachelor's degree with a 50% aggregate |
| Lovely Professional University | INR 8 lakh | Entrance Exams: LPU NEST, MAT, XAT, CAT, etc. Class 12 with 60% and graduation with 55% aggregate |
| KJ Somaiya Institute of Management | INR 17.27 lakh | Entrance Exams: CAT, XAT, CMAT, GMAT, & NMAT Bachelor's degree with a 50% aggregate |
Top Distance MBA Colleges in India
There are 135 Distance MBA Colleges in India. SIBM Pune and SVKM's NMIMS Mumbai are the best Distance MBA colleges in India, per NIRF Ranking 2023, with a rank of 17 and 25. Check out the top Distance MBA colleges in India with fee structure in the table below.
| Top Distance MBA Colleges in India | Total Fees |
|---|---|
| Narsee Monjee Institute of Management Studies (NMIMS), Global Access School for Continuing Education (NGA-SCE) | INR 62,000 |
| Institute of Management Technology, Centre for Distance Learning | INR 60,000 - 1,00,000 |
| Symbiosis Center for Distance Learning | INR 30,000 - 36,000 |
| IGNOU | INR 31,500 |
| Prin LN Welingkar Institute of Management | INR 61,000 - 64,600 |
| Amity University, (Distance Learning) | INR 18,500 - 1,27,000 |
| Annamalai University | INR 57,050 |
| MIT School of Distance Education | INR 35,000 - 55,000 |
| Suresh Gyan Vihar University | INR 98,500 |
| LPU Distance Education | INR 54,000 |
Top Online MBA Colleges in India
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 admission criteria.
| College Name | Total Fees | Admission Criteria |
|---|---|---|
| Amity Online University | INR 2.38 lakh | Bachelor’s Degree 9 Full-time 3 years Graduation from any stream) |
| D.Y. Patil Vidyapeeth- Centre for Online Learning (DPU-COL) | INR 1.3 lakh | 50% Aggregate marks at Graduation from a recognized University |
| NMIMS ODL University, Mumbai | INR 1.2 lakh - 1.64 lakh | 50% Aggregate marks at Graduation from a recognized University |
| Manipal Online University | INR 1.54 lakh | Entrance Exam: CAT, MAT, CMAT, etc 50% Aggregate marks at Graduation from a recognized University |
| Lovely Professional University Online | INR 1 lakh - 1.56 lakh | Bachelor’s Degree or an equivalent Degree |
| Chandigarh University | INR 2 lakh | 50% Aggregate marks at Graduation from a recognized University |
| ICFAI Centre for Distance and Online Education (CDOE) | INR 2 lakh | 50% Aggregate marks at Graduation from a recognized University |
| Hindustan University - CODE | INR 1.2 lakh | 50% Aggregate marks at Graduation from a recognized University |
| Manav Rachna Centre for Distance and Online Education | INR 1.26 lakh - 1.35 lakh | 50% Aggregate marks at Graduation from a recognized University |
| IGNOU | INR 62,000 | 50% Aggregate marks at Graduation from a recognized University |
ROI of Top MBA Colleges in India
ROI is a significant factor that helps students choose the right college. The students must assess the return on investment before enrolling in any institution. Management courses are expensive, so ensure the institute provides ample job opportunities with a good salary package to recover the investment made.
The ROI can be calculated by the comparison between the average placement package and the average annual fees of that College/ University. In the following table, we have calculated the ROI of some of the best MBA colleges in India for your reference:
| College Name | Avg Annual Fees | Average Package | ROI Rank* |
|---|---|---|---|
| IIM Ahmedabad | INR 12.5 lakh | INR 34.36 LPA | 274.88% |
| IIM Bangalore | INR 12.25 lakh | INR 35.31 LPA | 288.24% |
| IIM Kozhikode | INR 6 lakh | INR 31.02 LPA | 517% |
| IIM Calcutta | INR 13.50 lakh | INR 35.07 LPA | 259% |
| DMS IIT Delhi | INR 3.02 lakh | INR 25.82 LPA | 854% |
| IIM Lucknow | INR 7.15 lakh | INR 32.20 LPA | 450% |
| IIM Mumbai | INR 10.5 lakh | INR 27.57 LPA | 262% |
| IIM Indore | INR 10.58 lakh | INR 30.21 LPA | 285% |
| XLRI Jamshedpur | INR 12.10 lakh | INR 32.70 LPA | 270% |
| SJMSOM IIT Bombay | INR 7.13 lakh | INR 28.88 LPA | 405% |
*ROI={(Average Placement Package)/(Average Annual Fee)}*100%
Top MBA Colleges in India: FAQs
Ques. Which is the best MBA college in India?
Ans. IIM Ahmedabad, founded in 1961, is consistently ranked as the best MBA college in India. IIM Ahmedabad is known for its 2-year PGP (MBA) program offered through CAT. The institute has an excellent placement record in the Consulting and Finance domain.
Ques. How many MBA colleges are there in India?
Ans. There are 5147 MBA colleges in India, of which 737 are Government and 4318 are Private MBA colleges in India. IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, DMS IIT Delhi, IIM Lucknow, IIM Indore, IIM Raipur, and IIM Rohtak are some of the popular MBA colleges in India.
Ques. Which are the top specializations offered by the top MBA colleges in India?
Ans. The top specializations offered by the leading B-Schools in India are as follows:
| MBA Specializations | Number of Colleges |
|---|---|
| Finance | 2113 |
| Human Resource Management | 2113 |
| Marketing | 2099 |
| Operation Management | 1154 |
| Information Technology | 875 |
Ques. Which are the top MBA Colleges in India without CAT?
Ans. Admissions into the top MBA colleges in India are not only through CAT. Some colleges offer direct admission through management quotas and other entrance exams.
| College Name | Entrance Exam Accepted |
|---|---|
| Indian Institute of Foreign Trade-Delhi | IIFT Entrance Exam |
| NMIMS University, Mumbai | NMAT |
| XLRI, Jamshedpur | XAT |
| JBIMS, Mumbai University | MAH-CET |
| Symbiosis Institute of Business Management (SIBM), Pune | SNAP |
Ques. Which are the top MBA Colleges in India with Low Fees?
Ans. The fee structure of top B-Schools is usually very high. However, some colleges offer MBA courses with low fees. Check out the table below for the top MBA colleges in India with low fee structures.
| College Name | Total Fees |
|---|---|
| University of Allahabad, Allahabad | INR 38,000 |
| Visvesvaraya Technological University, Belgaum | INR 21,640 |
| Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur | INR 46,000 |
| Ranchi University | INR 5,500 |
| Department of Business Management, University of Calcutta | INR 16,508 |
Ques. Which are the Top IIMs in India?
Ans. There are 21 IIMs in India. These top-class B-Schools offer postgraduate management courses such as MBA, PGP, Executive MBA, MBA for Working Professionals, PhD, and FPM. The top IIMs in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Rohtak.
Ques. How I can better my chances of getting selected to top MBA colleges in India?
Ans. To increase the chances of getting selected to top MBA colleges in India, candidates should focus on achieving high scores in the CAT/GMAT entrance exam. Additionally, they should showcase a strong and impactful resume highlighting major achievements, professional goals, and extracurricular activities. They should also prepare thoroughly for the selection process.
Ques. What are the top MBA colleges that provide direct admission?
Ans. Direct admission can be helpful for those candidates who find it difficult to clear entrance exams to get selected to top MBA colleges. Many management colleges in India provide MBA courses without students required to produce a scorecard. The top colleges are as follows.
- Jawaharlal Nehru Technological University, Hyderabad
- Sikkim Manipal University, New Delhi
- Jaipuria Institute of Management, Noida
- GD Goenka University, Gurgaon
- Apeejay School of Management, New Delhi
Ques. What are the top MBA colleges that provide the best overseas placements?
Ans. Many MBA colleges in India provide placement opportunities to students in different countries. These institutes are known for having strong international connections and alumni networks that facilitate overseas placements. The top colleges are listed below.
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- XLSRI, Jamshedpur
- SPJIMR, Mumbai
Ques. What are the top MBA colleges in India in terms of placement?
Ans. Placement is an important factor when deciding on an MBA college. Students should opt for colleges with proven placement records and well-established placement facilities. The top MBA colleges placement-wise and their average salary is mentioned in the table below.
| College Name | Average Salary (INR) |
|---|---|
| IIM Calcutta | 34 LPA |
| IIM Ahmedabad | 33 LPA |
| IIM Bangalore | 33 LPA |
| FMS Delhi | 32 LPA |
| IIM Lucknow | 31 LPA |
Ques. What are the top recruiters at the best MBA colleges in India?
Ans. The top MBA colleges attract some of the best recruiters to their campuses for campus drive. The top recruiters at some of the best MBA colleges in India are mentioned in the table below.
| College Name | Top Recruiters |
|---|---|
| IIM Bangalore | ITC, TATA, Airtel, Amazon, Uber, BCG |
| IIM Ahmedabad | Axis Bank, L&T Ltd, BCG, Deloitte |
| IIM Calcutta | Deloitte, KPMG, E&Y, Infosys, McKinsey, BCG |
| IIM Lucknow | Deloitte, Accenture, BCG, Brain & Co |
Found 5292 colleges
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Top Collections for MBA/PGDM
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![Department of Management Studies IIT Delhi - [DMS IITD] logo](https://images.collegedunia.com/public/college_data/images/logos/1491627644departmentofmanagementstudiesdmsiitdelhinewdelhi.jpg?tr=h-43,w-43,c-force) Department of Management Studies IIT Delhi - [DMS IITD], New Delhi New Delhi, Delhi NCR | ₹ 10,40,000MBA/PGDM- total feesCompare Fees | ₹ 25,82,000Average Package₹ 41,13,000Highest PackageCompare Placement | #16th/272 in India  2023 | ||
![Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM] logo](https://images.collegedunia.com/public/college_data/images/logos/1438144832jojojoj.jpg?tr=h-43,w-43,c-force) Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai Mumbai, Maharashtra | ₹ 4,91,100MBA/PGDM- 1st Year FeesCompare Fees | ₹ 28,88,000Average Package₹ 54,00,000Highest PackageCompare Placement | 8.9 / 10 Based on 9 User ReviewsBest in Infrastructure | #13th/179 in India  2020 | |
![Department of Management Studies, Indian Institute of Technology - [DOMS] logo](https://images.collegedunia.com/public/college_data/images/logos/1500899941logo.png?tr=h-43,w-43,c-force) Department of Management Studies, Indian Institute of Technology - [DOMS], Roorkee Roorkee, Uttarakhand | ₹ 9,68,200MBA/PGDM- total fees | ₹ 18,34,000Average Package₹ 27,94,000Highest Package | #33th/292 in India 2020 | ||
 MDI Gurgaon, Gurgaon Gurgaon, Haryana | ₹ 12,29,300MBA/PGDM- 1st Year FeesCompare Fees | ₹ 27,67,000Average Package₹ 60,00,000Highest PackageCompare Placement | 8.5 / 10 Based on 18 User ReviewsBest in Faculty | #7th/272 in India 2023 |
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
![Indian School of Business - [ISB] logo](https://images.collegedunia.com/public/college_data/images/logos/1502357635logoedt.png?tr=h-43,w-43,c-force) Indian School of Business - [ISB], Hyderabad Hyderabad, Telangana | ₹ 36,29,620MBA/PGDM- total feesCompare Fees | ₹ 34,21,000Average Package₹ 60,00,000Highest PackageCompare Placement | #3rd/15 in India 2023 | ||
![Department of Management Studies, IIT Madras - [DoMS IIT Madras] logo](https://images.collegedunia.com/public/college_data/images/logos/1501055941iitmadraslogo.png?tr=h-43,w-43,c-force) Department of Management Studies, IIT Madras - [DoMS IIT Madras], Chennai Chennai, Tamil Nadu | ₹ 13,50,000MBA/PGDM- total feesCompare Fees | ₹ 20,19,000Average Package₹ 30,60,000Highest PackageCompare Placement | #32th/284 in India 2019 | ||
![SP Jain [SPJIMR] logo](https://images.collegedunia.com/public/college_data/images/logos/1667475461Untitled.png?tr=h-43,w-43,c-force) SP Jain [SPJIMR], Mumbai Mumbai, Maharashtra | ₹ 20,42,000MBA/PGDM- total feesCompare Fees | ₹ 33,02,000Average Package₹ 77,88,000Highest PackageCompare Placement | #5th/272 in India 2023 | ||
 NIT Trichy, Tiruchirappalli Tiruchirappalli, Tamil Nadu | ₹ 1,46,550MBA/PGDM- 1st Year FeesCompare Fees | ₹ 40,00,000Highest PackageCompare Placement | 3.8 / 10 Based on 12 User ReviewsBest in Social Life | #47th/284 in India 2019 |
| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
 Great Lakes Institute of Management, Chennai Chennai, Tamil Nadu | ₹ 30,60,000MBA/PGDM- total feesCompare Fees | ₹ 14,50,000Average Package₹ 46,00,000Highest PackageCompare Placement | #17th/272 in India 2023 | ||
 IIM Raipur Indian Institute of Management, Raipur Raipur, Chhattisgarh | ₹ 8,17,500MBA/PGDM- 1st Year Fees | -- | 8.9 / 10 Based on 7 User Reviews | #25th/292 in India 2020 | |
 JBIMS, Mumbai Mumbai, Maharashtra | ₹ 3,50,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 27,63,000Average Package₹ 44,00,000Highest PackageCompare Placement | 8.2 / 10 Based on 40 User ReviewsBest in Placements | #22th/272 in India 2023 | |
![Symbiosis Institute of Business Management - [SIBM] logo](https://images.collegedunia.com/public/college_data/images/logos/1618823976Logo.png?tr=h-43,w-43,c-force) Symbiosis Institute of Business Management - [SIBM], Pune Pune, Maharashtra | ₹ 13,49,000MBA/PGDM- 1st Year FeesCompare Fees | ₹ 26,77,777Average Package₹ 35,05,000Highest PackageCompare Placement | 8.6 / 10 Based on 3 User ReviewsBest in Infrastructure | #14th/272 in India 2023 |
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| CD Rating | Colleges | Course Fees | Placement | User Reviews | Ranking |
|---|---|---|---|---|---|
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