LIST OF TOP MBA/PGDM COLLEGES IN KOLKATA BASED ON 2020 RANKING

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The top MBA colleges in Kolkata offer students really affordable MBA education and are also ranked by many ranking agencies among the top MBA colleges in India. These colleges charge fees ranging from INR 30,000 per year to as high as INR 8,00,000. IIM Calcutta charges INR 27,00,000 for 1 year of MBA education.

  • There are 86 colleges in Kolkata, out of which 71 are private and 15 are public. The colleges offer different MBA specializations from Marketing and Finance to Taxation and Urban Planning.
  • There are 85 Regular MBA colleges in Kolkata and 3 colleges offer distance education. Check all the names of Distance MBA Colleges in Kolkata.
  • Admissions in these colleges are done through top MBA exams like CAT, MAT, JEMAT, CMAT, XAT, etc. There are very few MBA colleges in Kolkata offering direct admission without entrance exam.
  • These colleges have all the necessary approvals from authorties like AICTE, UGC, NAAC, etc. Check the list of AICTE Approved MBA Colleges in Kolkata.

We have also mentioned the cutoff scores accepted by colleges later on in this article.

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Top MBA Colleges in Kolkata: Ranking

There are many ranking agencies that rank institutes across the country based on various parameters. The methodology followed differs from agency to agency but some of the common parameters include teacher-student ratio, placements, faculty quality and many more.

The Economic Times, The Week, QS rankings, NIRF are some of the privileged ranking agencies. These ranking agencies rank different institutes in different categories. Some of such categories include Top engineering colleges in Telangana, Top Architecture Colleges in India, etc. Listed below are some of the top MBA colleges in Kolkata rank wise as given by some of the top ranking agencies in India.

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Top MBA Colleges in Kolkata: NIRF Ranking

NIRF is an agency to rank institutes of higher education in India, run by the Ministry of Human Resource Development, Government of India. The agency ranks different institutes depending on their areas of operation. There are separate rankings for universities and colleges, management colleges, engineering colleges, pharmacy colleges, etc. NIRF rankings are based on several parameters, which have been grouped together into five clusters with certain weightage assigned to each one of them.

NIRF Ranking Parameters and Weightage
Source: nirfindia.org

The following table shows the NIRF rankings for two of the top MBA colleges in Kolkata.

College Name NIRF Ranking 2020 NIRF Ranking 2019 Change Average Annual Fees
Indian Institute of Management, Kolkata (IIM Calcutta) 3 3 0 INR 22,60,000
International Management Institute, Kolkata (IMI Kolkata) 52 45 -7 INR 12,41,000

NIRF has ranked IIM Calcutta as the best MBA college in Kolkata. The institute ranks 3rd in the 2020 ranking, similar to that ranked in 2019.

  • IMI has been ranked 52nd in the 2020 Ranking, a drop of 7 ranks, compared to that of 2019.
  • Many top MBA colleges did not participate in the survey and many of those who did could not make it to the top 100 list in the NIRF rankings.

See more details of IMI Kolkata Admission

Top MBA Colleges in Kolkata: The Week Ranking

The Week Rankings are based on several parameters which include age and infrastructure, faculty and teaching, entry standards, placements, alumni. The ranking is based on a composite score that is prepared by taking into consideration all the above-mentioned parameters. 

The following table mentions the rankings for three of the top management colleges in Kolkata.

College Name The Week Ranking 2018 The Week Ranking 2017 Change Average Annual Fees
Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata 63 62 -1 INR 6,00,000
Bengal Institute of Busines Studies (BIBS), Kolkata 122 NA - INR 4,64,000
Institute of Engineering and Management (IEM), Kolkata 138 NA - INR 6,40,000

The Week has listed IISWBM as the best MBA college in Kolkata. IISWBM was ranked 63rd in the 2018 ranking, dropping by 1 as compared to the 2017 Ranking.

  • Top institutes like IIM Calcutta did not participate in the survey, preventing their names from being published anywhere. However, some colleges like BIBS and IEM did not participate in the survey in 2017 but were included in 2018.
  • About 175 academic experts, 460 aspiring students, 410 current students, and 75 recruiters from 23 cities in India participated in the survey. They nominated the best B-schools in the country based on the perpetual score and the factual score.

Top MBA Colleges in Kolkata: Outlook Ranking

The Outlook magazine has a different set of parameters to rank the MBA colleges across the country. These include faculty-student ratio, research productivity and quality, faculty with Ph.D., faculty experience, gender diversity, regional diversity, median salary, and employability. The colleges being ranked are categorized under different categories namely public and private. 

The following table mentions the ranking of three of the top MBA colleges in Kolkata, according to Outlook ranking.

College Name Outlook Ranking 2020 Outlook Ranking 2018 Change Average Annual Fees
IIM Calcutta 3 2 -1 INR 22,60,000
IMI Kolkata 23 NP - INR 12,41,000
CBS Kolkata 101 NP - INR 6,85,000
  • Outlook has ranked IMI as the best private MBA college in Kolkata for the year 2020.
  • IMI has been ranked 23 while Calcutta Business School holds 101st position.
  • IIM Calcutta ranks 3 in the Outlook 2020 ranking for top public MBA colleges in Kolkata, showing a drop by 1 as compared to its rank in 2018. International Management Institute (IMI) and Calcutta Business School (CBS) could not make it to the top 100 MBA colleges list in 2018.

More to Read: MBA Colleges in Kolkata under MAKAUT

Top MBA Colleges in Kolkata: ROI (Return on Investment)

Kolkata has an ample number of MBA colleges which include both government and private colleges. MBA being an expensive course can cost a huge sum of money in these colleges. Therefore, it becomes important to know the ROI, as it solves the dilemma of whether investing in a particular institute is worth it or not. 

One can refer to the chart given below to have an estimated idea of the fee structure of different MBA colleges in Kolkata.

The following table shows the ROI of top MBA colleges in Kolkata.

College Name Average Annual Fee Average Placement Package ROI Rank*
CBS Kolkata INR 4,30,000 INR 10,40,000 1
IMI Kolkata INR 6,90,000 INR 12,25,000 2
IES Kolkata INR 5,00,000 INR 5,32,000 3

*ROI Percentage={(Average Placement Package)/(Average Annual Fees)}*100%

  • Calcutta Business School (CBS) comes out as the best private MBA college in Kolkata in terms of ROI among the above-mentioned colleges. 
  • International Management Institute (IMI) also offers a good ROI to students with an average placement package of INR 10,40,000 versus the average annual fee of INR 4,30,000.

Top MBA Colleges in Kolkata: Cutoff

Most of the colleges in Kolkata give admission through CAT and MAT. Some institutes accept other exams and also give direct admissions. Listed below are some top MBA colleges in Kolkata with their cutoff.

College Name Cutoff
IIM Calcutta 99
IISWBM Kolkata 70 (CAT)
80 (MAT)
University of Calcutta 40

Read in detail about the cutoffs of these colleges in the city and what makes them different from other top MBA colleges in Kolkata. IIM Calcutta itself conducts a rigorous process to admit students in the MBA courses.

Top MBA Colleges in Kolkata: Admission Process

There are a total of 86 MBA colleges in Kolkata out of which 71 are private MBA colleges and 15 are public. These colleges offer both degree and diploma courses to students, and their courses have also been ranked by many agencies. Have a look at the chart below to understand the ratio of these private and public colleges.

top mba colleges in kolkata

Source: Official Survey

These colleges rely on various top entrance exams for MBA to shortlist students for admission. These exams include CAT, XAT, IIFT, GMAT, MAT, CMAT among others. The top MBA colleges in Kolkata accepting students with 85+ CAT percentile are IIM Calcutta, IMI Kolkata, MDI Murshidabad. IIFT Kolkata accepts only IIFT MBA (IB) entrance exam score for admission.

Among all the mentioned entrance exams, CAT stands out as it not only leads to admission in top MBA colleges, but also forms the first step of entering into the prestigious IIMs including IIM Calcutta. Some of the top MBA entrance exams are tabulated below.

Entrance Exam Description
CAT An online selection test conducted every year by IIMs. It is generally held in the month of November.
MAT A national-level exam conducted by the All India Management Association (AIMA). It is conducted 4 times in a year.
XAT An online national level management entrance exam conducted by XLRI Jamshedpur.

The following graph lists some of the top MBA colleges in Kolkata with their average annual fees.

Average Fees of Top MBA Colleges in Kolkata

Source: Official Institute Websites

Indian Institute of Management (IIM), Calcutta

Indian Institute of Management Calcutta is the first national institute for postgraduate studies in management, established in November 1961.

  • It has been ranked 3rd by NIRF among the top 100 MBA colleges in India in 2019.
  • The college is known for its high placement rates and for providing students with exceptionally high salary packages. Top recruiters of IIM Calcutta include ACC Limited, Aditya Birla Group, Air India, Amazon, American Express, Bank of Baroda, Bloomberg, CapGemini, Dell, Nestle India, Tata Motors, Wipro Limited, Yes Bank, Oracle and many more.
  • To get admission in IIM Calcutta, students need to clear the CAT entrance exam. The cutoff is usually high. Check detailed CAT Cutoff.
  • The average annual fee for MBA programs is around 25 lakhs. The median salary package in 2016 and 2017 was INR 18 LPA and INR 20 LPA respectively.

The following table shows the placement data of IIM Calcutta for 2018-2020 batch.

Parameter Data
No. of Recruiters 150
No. of Students 444
No. of Offers 498
Average CTC INR 27.8 LPA
Highest CTC INR 80 LPA
Top Recruiters Goldman Sachs, McKinsey & Company, BCG, Gartner, Aditya Bilra Group, Google, etc.

International Management Institute (IMI), Kolkata

International Management Institute is India's first corporate-sponsored B school. It was established in 1981 with its campus in New Delhi. In 2010, it came up with two more campuses situated in Kolkata and Bhubaneswar.

  • The institute has been ranked 52nd by NIRF among the top 100 MBA colleges in India in 2020.
  • It offers a PGDM program that has been put equivalent to the MBA degree by the Association of Indian Universities (AIU).
  • IMI witnessed 100% placement for the 2020 batch. The average salary package offered to Top 50 percentile students was INR 8.07 LPA while the highest being INR 20 LPA. Top recruiters at IMI Kolkata include Deloitte, Dabur, HDFC Bank, Berger, BYJU’s, Jockey, Reliance Industries, Federal Bank, TATA and many others.
  • Exams accepted for admission in IMI Kolkata are CAT and XAT. Non-Resident Indians (NRIs) and Persons of India Origin (PIOs) can register by sumbitting their GMAT score cards.

The following table shows the placement statistics of IMI Kolkata for the year 2020 according to different specializations.

Domain Average Salary
General Management/Operations INR 20 LPA
Marketing INR 10 LPA
Finance INR 9.75 LPA
Retail Leadership INR 8.5 LPA
HR INR 8 LPA

Indian Institute of Foreign Trade (IIFT), Kolkata

Indian Institute of Foreign Trade (IIFT) was set up in 1963 to cater to the requirements of aspiring business professionals.

  • It conducts its own entrance exam to shortlist students for the MBA program.
  • The college is known for its good placement records. For 2020, the average salary package offered was INR 20.48 lakh, while the highest salary package offered overall was INR 75 LPA.
  • Top recruiters of IIFT include Pidilite, DELL, TATA, Shell, ITC, Amazon, Bajaj, etc.

The following table shows the placement statistics of IIFT Kolkata for the year 2020.

Particulars Statistics
Total number of students placed 321
No. of companies 107
Average overall package INR 20.48 LPA
No. of International Offers 10

Top MBA Colleges in Kolkata: Entrance Exam Wise

The students who prefer to pursue their careers in these colleges can apply through the national level entrance exams. These include CAT, XAT, MAT, CMAT and many others. There are some top MBA colleges in Kolkata which do give direct admission to students without entrance exams, but their number is very less.

Top MBA Colleges in Kolkata Through CAT

CAT is the most premier MBA entrance exam in India and is conducted every year in the month of November. More than 2 lakh students appear for the exam to get admission in the prestigious Indian Institutes of Management (IIMs) and other top private B Schools in India.

  • The exam fee for CAT 2019 was INR 1800.
  • The exam has 100 questions in total, divided into 3 sections.
  • Different IIMs take turns every year to conduct the CAT exam. IIM Indore will be conducting CAT 2020.

Some of the top MBA colleges in Kolkata through CAT are mentioned below:

  • Indian Institute of Management (IIM), Calcutta
  • International Management Institute (IMI), Kolkata
  • Management Development Institute (MDI), Murshidabad
  • Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata

Top MBA Colleges in Kolkata Through MAT

Management Aptitude Test (MAT) is a national level exam conducted by the All India Management Aaossociation (AIMA) for admission to MBA/PGDM courses across the country. It is conducted 4 times a year. More than 1000 B-schools accept MAT scores for shortlisting candidates to provide admission to their post-graduate management programs. Some of the top MBA Colleges in Kolkata through MAT are mentioned below:

  • Globsyn Business School, Kolkata
  • Calcutta Business School (CBS), Kolkata
  • Institute of Engineering and Management (IEM), Kolkata
  • Praxis Business School, Kolkata

Top MBA Colleges in Kolkata Through XAT

XAT is an online national-level management entrance exam conducted by Xavier Labour Relations Institute (XLRI), Jamshedpur for providing admission to MBA/PGDM programs in some of the top management colleges across the country. Apart from XLRI, over 700 B-schools accept XAT scores for providing admission to their post-graduate management programs. Some of the top MBA colleges in Kolkata through XAT are mentioned below:

  • International Management Institute (IMI), Kolkata
  • Xavier Business School (XBS), Kolkata
  • Calcutta Business School (CBS), Kolkata
  • Globsyn Business School, Kolkata

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Top MBA Colleges in Kolkata: Placement Wise

Kolkata hosts many top MBA colleges which have a good reputation regarding their placement records. Some of the top institute names like the Indian Institute of Management, Calcutta (IIM C), Indian Institute of Foreign Trade (IIFT), International Management Institute (IMI) contribute towards this.

  • IIM Calcutta ranks as the best MBA college in Kolkata according to the placement package.
  • Some other colleges like IIFT, IMI, and CBS also provide good placements with comparatively less investment costs.

The following chart shows the top MBA colleges in Kolkata according to placement in 2019.

top MBA colleges in Kolkata according to placement

Source: Official Institute Websites

The specialization one chooses for MBA matters a lot when it comes to placements. Check the following links to know more about the colleges: 

Top MBA Colleges in Kolkata: FAQs

Ques. How to get admission into top MBA colleges in Kolkata?

Ans. All the top MBA colleges in Kolkata take admissions through the common entrance tests. They widely accept scores of CAT, XAT, MAT.

Ques. Can the residents of other states apply to the colleges in Kolkata?

Ans. Yes, residents of any state can apply to the colleges in Kolkata.

Ques. Which MBA college in Kolkata offers the best placement packages?

Ans. Indian Institute of Management Calcutta offers the best placement packages.

Ques. How much does it cost to do an MBA?

Ans. The cost of pursuing an MBA degree can range anywhere between INR 3 lakhs to 25 lakhs.

Ques. What is the cut off mark for CAT?

Ans. Different colleges release their own set of cutoffs. There is no specific cut off as such. However scoring 85+ percentile puts you at a much safer side.

Ques. Which MBA specialization offers the highest salary package?

Ans. MBA Business Analytics and MBA Marketing are two of the most rewarding MBA specializations.

Reviews

AK
7.6 /10

Placement Experience :

Placements are fair enough for cse/it and ece . If you are taking EE, ME and CI then you have to think about your self study because core companies are very less . And if some core company will come in that case they'll get very low packages. One benefits is that , there are lot of sales and marketing companies are coming in this college and they are offering quite good package around 7-10 lacs .

Campus Life :

Okay so every student wants a huge campus, playground, smart classrooms. Yeah you'll get a good campus here . A small playground,but most of the guys opt playing in the nearby parks . Classrooms are well equipped with projector, AC, duct. Every year a cultural fest and sports fest is organised by College committee, so someone can participate in that .

Loan/ Scholarship Provisions :

Fees are too high in this college. If you are opting engineering then you have to pay something around 650000 college fees for four years. It doesn't include examination fees which is 2k per semester. As far I know no scholarship will be provided by college

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AM
7.5 /10

Course Curriculum Overview :

Now I'm in 4th year student. I feel very much comfortable to our teachers , professor ect . The IEM - ME faculty is very strict . regular student , regular assignment , - with above 75% attendance . Mainly . Student max of a year 60 .

Campus Life :

IEM - Kolkata campus is the biggest Engineering Collage of Eest Bengal . IEM have 3 campus 1. Management House For (1ST year & ME.EEE.EE with MBA) 2 . Gurukul Campus for ( IT.CSE.ECE)

Placement Experience :

In 7 th semester students are eligible to campus placement. Some company name for placement TCS . INFOSYS. COGNIZANT. COOLING TOWER . HITACHI. BLUE STAR . ISRA - STUDENT CHAPTER. ect

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S
1.0 /10

Campus Life :

Campus is in a village area where nothing is there. College is in Barasat where nothing is there to view. If you want to stay in college campus there are girls hostel and boys hostel. Charged 5000 per bed in 2017. In a room 4 people stay, But in barasat if you pay 2000 you will get a hole room. That is the mentality of the college, they just want your money nothing else.

Course Curriculum Overview :

Faculty members is c graded teacher. they just help you what they want to help but there is also very helpful teacher also but they go to other college after 1year. every time I like some teacher after few months they are not with brainware anymore. Brainware is a only money centric college they don't give you learning.

Placement Experience :

Placement is the worst thing of this college. In 2020 our batch have only 30-40 people placed in bpo like job but in news paper they advertise that 90% student of there college is placed. How? even from feb there is no placement happen because of corona lockdown. They just lie to they world.

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RM
4.3 /10

Placement Experience :

The placement department is hopeless for the management department they try to invite some companies but according to my seniors mostly poor roles are provided and students tends to pursue their masters after the completion. Companies like TCS, Byjus, Paytm, Deloitte, wipro visits campus for placement and the average pay is around 3lpa. The alumni network is still growing not much to brag about. I think the placement team should start working hard and take the placement season seriously for the students.

Course Curriculum Overview :

The course curriculum according to me can be improved with some corporate visits and guest lecturer beside that few teachers are really good and have mastered the art of teaching but sometimes it's a mixed bag, I feel like the management building needs a dedicated library and more practical approach while teaching, the course Structure is fair but lack any sort of specialization it'd be great if the university add specialization at the undergraduate level like in finance, marketing and HR to name a few.

College Events :

The campus life is a mixed bag of feelings we don't have acres of land, we've a building and talking about the extracurricular activities they're very few to be very honest and lack opportunities. We've some sports team and some other creative teams but the engagement there is very low. The fests are not that great either like I'm in second year and due to covid-19 I've never experienced any fest so far all I heard from my seniors is that the fests are pretty sad and not to expect much.

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Collegedunia Rating4.5/10
Kolkata, West Bengal  AICTE
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Collegedunia Rating4.5/10
Kolkata, West Bengal