Top MBA Colleges in India 2023: Fees, Eligibility, Rank, Cutoffs, Placements, Recruiters & ROI

By Shubhra Anand Jain|Updated : February 8th, 2023

The candidates interested to study MBA must have a clear and precise list of Top MBA Colleges in India. There are approximately 6000+ MBA Colleges in India, that provide high-quality education and excellent placement opportunities to the top MNCs in India and abroad. Top MBA Colleges in India give an opportunity to study MBA in different specializations like Business Management, IT, Analytics, Operations, Healthcare, Marketing and more.

In these days of globalization, an MBA degree becomes a compulsory approach to understand the services related to business operations and management. The admission process of the Top MBA Colleges in India mainly involves the entrance exams, followed by the PI round. In this article, BYJU'S Exam Prep experts have listed the Top MBA Colleges in India so that you can make your preference list to study MBA in different cities in India.

Top MBA Colleges in India Overview

MBA degrees are available with a variety of specialisations in different MBA colleges in India. Sometimes, it seems to be difficult to make a preference list of Top MBA Colleges in India as the list is huge. Here we have tabulated the key highlights that the aspirants need to keep in their mind while selecting the institute to study MBA.

Key Highlights

Details

Number of Top MBA Colleges in India

Approximately 6000+

Course Fees

Varies from 2 Lakhs to 30 Lakhs (Depending on the Type of Course)

Top MBA Colleges in India Admission Eligibility

The eligibility criteria vary from college to college. However, the basic criteria are, the aspirants must be graduated from any recognised University in India with at least 50% in aggregate (45% for Reserved Category)

Entrance Exam Accepted

CAT, XAT, CMAT, MAT, SNAP, TISSNET, GMAT, NMAT, IIFT Entrance, and State-level Entrance (MBA CET)

Number of IIMs

20

Number of IITs

23

MBA Colleges in India: NIRF Ranking 2022

NIRF ranking is a National institutional ranking framework that is given by the Ministry of Education, Government of India. It ranks higher educational institutions based on different parameters, including research, teaching, faculty, placement, campus life, library resources, and worldwide collaboration. Note the table below to get a list of NIRF Ranking 2022 of the top MBA colleges in India.

Top MBA Colleges in India

NIRF Ranking 2022

Indian Institute of Management Ahmedabad

1

Indian Institute of Management Bangalore

2

Indian Institute of Management Calcutta

3

Indian Institute of Technology, Delhi

4

Indian Institute of Management Kozhikode

5

Indian Institute of Management Lucknow

6

Indian Institute of Management Indore

7

Xavier Labour Relations Institute (XLRI)

8

National Institute of Industrial Engineering, Mumbai

9

Indian Institute of Technology Madras

10

Indian Institute of Technology, Bombay

11

Indian Institute of Technology, Kharagpur

12

Management Development Institute

13

Indian Institute of Management Raipur

14

Indian Institute of Management Ranchi

15

Indian Institute of Management Rohtak

16

Symbiosis Institute of Business Management

17

Indian Institute of Management Tiruchirappalli

18

Indian Institute of Technology, Roorkee

19

Indian Institute of Technology Kanpur

20

S. P. Jain Institute of Management & Research

21

Indian Institute of Management Udaipur

22

Indian Institute of Management Kashipur

23

Indian Institute of Foreign Trade

24

SVKM`s Narsee Monjee Institute of Management Studies

25

Indian Institute of Management Shillong

26

Amrita Vishwa Vidyapeetham

27

Amity University

28

Jamia Millia Islamia, New Delhi

29

International Management Institute

30

Great Lakes Institute of Management

31

ICFAI Foundation for Higher Education, Hyderabad

32

Indian Institute of Management Visakhapatnam

33

Lovely Professional University

34

XIM University

35

GOA Institute of Management

36

Indian Institute of Management Jammu (IIMJ)

36

T. A. Pai Management Institute Manipal

38

National Institute of Technology, Tiruchirappalli

39

Chandigarh University

40

University of Petroleum and Energy Studies

41

MICA

42

Indian Institute of Management

43

Institute of Management Technology, Ghaziabad

44

Nirma University

45

Indian Institute of Technology (Indian School of Mines)

46

Koneru Lakshmaiah Education Foundation University (K L College of Engineering)

47

Kalinga Institute of Industrial Technology

48

Anna University

49

Banaras Hindu University

50

Jaipuria Institute of Management

51

Great Lakes Institute of Management, Gurgaon

52

Thapar Institute of Engineering and Technology

53

BML Munjal University

54

Indian Institute of Management, Amritsar

55

Birla Institute of Management Technology

56

Aligarh Muslim University

57

Institute of Rural Management Anand

58

International Management Institute, Kolkata

59

Fore School of Management

60

Krea University

60

Guru Gobind Singh Indraprastha University

62

PSG College of Technology

63

Atal Bihari Vajpayee Indian Institute of Information Technology and Management

64

Graphic Era University

65

Indian Institute of Management Sambalpur

66

Panjab University

67

Principal L N Welingkar Institute of Management Development and Research

68

Indian Institute of Management Sirmaur

69

International Management Institute, Bhubaneswar

70

K.J.Somaiya Institute of Management

71

Christ University

72

Indian Institute of Management Bodh Gaya

73

Rajagiri Business School

74

Institute of Management Technology

75

Visvesvaraya Technological University

76

Saveetha Institute of Medical and Technical Sciences

77

Birla Institute of Technology

78

Jaipuria Institute of Management, Lucknow

78

Chitkara University

80

Jaipuria Institute of Management

81

Jagan Institute of Management Studies

82

Bharathidasan Institute of Management

83

National Institute of Technology, Calicut

84

Manipal University, Jaipur

85

Loyola Institute of Business Administration

86

Babasaheb Bhimrao Ambedkar University

87

Dayalbagh Educational Institute

88

Pandit Deendayal Energy University

89

IIHMR University

90

Pune Institute of Business Management

91

Amity University Haryana, Gurgaon

92

Galgotias University

93

University of Hyderabad

94

Institute of Management Technology, Nagpur

95

Jain University, Bangalore

96

Thiagarajar School of Management

96

Alliance University

98

Gujarat University

99

Jamia Hamdard

100

University of Jammu

100

Top 15 Government MBA Colleges in India

Accept the IIMs and IITs; there are other Government Top MBA colleges in India also. So, you need not worry about if you cannot secure a seat in IIMs and IITs to study MBA. Note the list below and make your preference list to study MBA in India's top 15 Government Institutes.

Sl. No

Top MBA Colleges in India

Exam Accepted

1.

Pondicherry University- Department of Management Studies

Only Graduation

2.

Punjab University, Patiala

Only Graduation

3.

Government R.C. College of Commerce & Management, Bangalore

PGCET

4.

Faculty of Management Studies- FMS Delhi

CAT

5.

JBIMS- Mumbai

MAHCET-MBA

6.

Department of Management Studies- PUMBA Pune

ATMA

7.

Maharaja Sayajirao University- MSU Baroda

CMAT

8.

Jamia Malia Islamia

Graduation with 50% Marks in Aggregate

9.

NIT- Warangal

CAT, MAT

10.

School of Management Studies- SMS Hyderabad

CAT

11.

Osmania University, Hyderabad

TSICET

12.

IIFT Delhi

IIFT, GMAT

13.

DSM- Delhi Technical University

CAT

14.

Indian Maritime University, IMU- Kochi

Own Entrance Test

15.

Institute of Management Studies- DAVV Indore

CMAT

☛ Get a List of Books For CAT Preparation

Private Top MBA Colleges in India

The private MBA colleges in India give global exposure to their students through MBA courses. These provide international placements and internship opportunities so that the aspirants can get practical experiences also with theoretical studies. Check the table below to get a list of the top 15 private MBA colleges in India.

Sl. No

Top MBA Colleges in India

Exam Accepted

1.

Institute of Public Enterprise- IPE Hyderabad

CAT, CMAT, XAT, MAT, ATMA, GMAT

2.

ITM Business School - Navi Mumbai

CAT, CMAT, NMAT, XAT, MAT, ATMA, GMAT, MAHCET-MBA

3.

Great Lakes - Chennai

CAT, CMAT, XAT, GMAT

4.

Christ University- Bangalore

CAT, CMAT, XAT, MAT, ATMA, GMAT

5.

University of Petroleum and Energy Studies- Dehradun

CAT, CMAT, NMAT, XAT, MAT, UPESMET

6.

XLRI- Jamshedpur

CAT, GMAT

7.

SPJIMR- Mumbai

CAT, GMAT

8.

DYPUSM- Mumbai

DYPUCET

9.

VIT- Vellore

CAT, CMAT, NMAT, XAT, MAT, ATMA, GMAT

10

K J Somaiya Institute of Management, Mumbai

CAT, CMAT, XAT, GMAT, NMAT

11.

AIMS- Bangalore

CAT, MAT, ATMA, PGCET

12.

Management Development Institute- MDI Gurgaon

CAT

13.

Jamia Hamdard- New Delhi

CMAT, XAT, MAT, ATMA, GMAT

14.

Welingkar- Mumbai

CAT, CMAT, XAT, ATMA, GMAT

15.

SIBM, Pune

SNAP

Top MBA Colleges in India without CAT

CAT is a highly competitive exam as lakhs of aspirants appear for this every year. However, it is not necessary to appear for the CAT Exam, as some other Top MBA colleges in India offer MBA admission without CAT. Note the table below and make a list of these colleges for pursuing MBA.

Sl. No

Top MBA Colleges in India without CAT

Alternate Entrance Exam Accepted

1.

Xavier School of Management- XLRI, Jamshedpur

XAT

2.

Symbiosis International University

SNAP

3.

Christ University, Bangalore

MAT, CMAT, ATMA, GMAT, XAT, GRE

4.

Narsee Monjee Institute of Management Studies- NMIMS

NMAT

5.

ICFAI Business School

IBSAT, XAT

6.

Mudra Institute of Communication (MICA)

XAT, GMAT

7.

Jamnalal Bajaj Institute of Management Studies, Mumbai

MAH-CET

8.

Osmania University, Hyderabad

TSICET

9.

Institute of Management Technology- IMT

GMAT, XAT, CMAT

10.

Great Lakes Institute of Management

XAT, CMAT

11.

T.A. Pai Management Institute- TAPMI

GMAT, XAT

12.

TISS- Mumbai

TISSNET

☛ You can also check for CAT Participating Institutes here.

Best MBA Colleges in India Accepting GMAT

If you are thinking of appearing only for GMAT, you must be aware of the Top MBA Colleges in India which only accept GMAT scores for certain management programmes. Go through the list below and make your preferences accordingly.

Top MBA Colleges in India Accepting GMAT

Courses Offered

ISB- Hyderabad and Mohali

PGP- 12 Months (Full-time)

XLRI- Jamshedpur

PGDM- 15 Months (Full-time)

Great Lakes- Chennai

PGPM- 15 Months (Full-time)

IIM- Ahmedabad

PGPX- 12 Months (Full-time)

IIM- Bangalore

EPGP- 12 Months (Full-time)

IIM- Kolkata

MBA (Executive)- 12 Months (Full-time)

IIM- Indore

EPGP- 12 Months (Full-time)

K J Somaiya Institute of Management Studies & Research, Mumbai

PGDM-Executive- 15 Months (Full-time)

SPJIMR, Mumbai

PGPM- 15 Months (Full-time)

BIMTECH- Greater Noida

PGPX- 15 Months (Full-time)

Top MBA Colleges in India Without Entrance Exam

There are plenty of colleges in India that offer admission based on academic merit. These colleges only conduct GD-PI rounds to shortlist the aspirants. However, some of the Top MBA Colleges in India also offer MBA admission based on the aspirants' UG percentage. Note the below table to know the list of Top MBA colleges in India that offers MBA Admission without any entrance exam.

Best MBA Colleges in India

Course Fees (Approximate)

RV Institutes of Management, Bangalore

5 LPA

Acharya Insitute of Management and Science, Bangalore

4.01 LPA

Asian Business School, Delhi

7.2 LPA

Amity University

7.67 LPA

LM Thapar School of Management, Mohali

8.97 LPA

Lovely Professional University, Jalandhar

5.80 LPA

NBS, Ahmedabad

5.85 LPA

Auro University

7 LPA

Amrut Mody School of Management- Ahmedabad

6 LPA

IBMR- Ahmedabad

4.95 LPA

Location-Wise Top MBA Colleges in India

Here, we have listed location-wise institutes in India to study MBA. You can check this list and make your list of preferences of location-wise Top MBA Colleges in India.

Top MBA Colleges in India Admission Eligibility

The basic eligibility criteria to study MBA is graduation or equivalent from any recognized university in India. However, the minimum score requirements may vary from college to college for niche specialisation. Note the below-guiding points to know the eligibility criteria for admission into Top MBA Colleges in India.

  • The aspirants must be graduated from any recognized university with at least 50% marks (45% for the reserved category). It is always suggested to check the official website of Top MBA Colleges in India for more details, to avoid last-minute miscommunication.
  • In most cases, the aspirants need to show the score of any MBA Entrance Exams.
  • If you want to pursue executive MBA programmes from Top MBA Colleges in India, then it is compulsory to have 2-3 years of full-time work experience.

Top MBA Colleges in India Top Recruiters

MBA graduates have a high demand in all types of business organizations, as recruiters hire them to continue a successful business operation. After completing MBA from Top MBA Colleges in India, the aspirants can get the chance to get placement in the following MNCs.

  • A T Kearney
  • Arthur D Little
  • Accenture
  • Deloitte Consulting
  • Deutsche Bank
  • MU Sigma
  • Aditya Birla Group
  • Amazon.com
  • IBM
  • Cognizant
  • Goldman Sachs
  • Google
  • Hindustan Unilever
  • HSBC
  • Hewlett Packard
  • McKinsey
  • Microsoft
  • Nestle
  • Wipro
  • WNS Global Services
  • Virtusa
  • Dell

ROI of Top MBA Colleges in India

The candidates applying for an MBA degree in different MBA Colleges in India must check the ROI first. Here, we have listed some top B-schools where you can earn the best ROI after completing the degree.

Top MBA Colleges in India

Course Fee (Approx)

Package (Approx)

IIM Ahmedabad

INR 24 LPA

INR 31 LPA

IIM Bangalore

INR 25 LPA

INR 26 LPA

IIT Delhi

INR 11 LPA

INR 20 LPA

IIM Kozhikode

INR 21 LPA

INR 26 LPA

IIM Lucknow

INR 13 LPA

INR 22 LPA

XLRI

INR 27 LPA

INR 30 LPA

NITIE Mumbai

INR 12 LPA

INR 19 LPA

IIT Madras

INR 10 LPA

INR 13 LPA

MBA Colleges in India Cut Off

The admission cutoffs to study in the Top MBA Colleges in India may vary from college to college. So, it is advised to follow the official website of the respective colleges to comprehend the cutoff requirements for final admission.

☛ Also Check:

Specializations Offered by Top MBA Colleges in India

The candidates will get an opportunity to study the below-mentioned subjects if they choose Best MBA Colleges in India to study MBA.

  • Sales and Marketing
  • Finance
  • HR Management
  • Business Operations
  • Business Analytics
  • IT System
  • International Business and many more

Is it Affordable to Study MBA at Top MBA Colleges in India?

Considering the research of BYJU’S Exam Prep experts, it can be mentioned that studying MBA at Top MBA Colleges in India is expensive. Approximately, 75% of colleges have a course fee, which is more than 5 LPA. Colleges under this category are

  • IIM Ahmedabad
  • IIM Calcutta
  • IIT Delhi
  • IIM Bangalore

Around 11% of the Top MBA Colleges in India have a total annual course fee between INR 3-5 LPA. It includes

  • IIT Kharagpur
  • Galgotias University
  • IIT Roorkee
  • Chandigarh University

Approximately, 5% of Top MBA Colleges in India have course fee which ranges from INR 2-3 LPA. These are

  • Chitkara University
  • IIT Kanpur
  • Saveetha Institute of Medical and Technical Sciences, Poonamallee
  • Guru Gobind Singh Indraprastha University
  • IITM Gwalior

5% of the MBA Colleges in India have course fees between INR 1-2 LPA. Colleges under this category are

  • NIT Trichy
  • Babasaheb Bhimrao Ambedkar University
  • BHU
  • NIT Calicut

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FAQs on Top MBA Colleges in India

  • There are various specializations in the Top MBA Colleges in India. Some of the most important MBA specializations are as follows:

    • Business Analytics
    • Human Resources
    • IT & Systems
    • International Business
    • Operations
    • Finance
    • Sales & Marketing
    • Entrepreneurship
    • Human Resource Management
    • Leadership
    • Supply Chain and Logistics
  • NIRF rankings are very important to rank the higher institutes in terms of research, faculty, campus life, placement, global collaboration, infrastructure, and many more. As per the NIRF ranking, the top 10 MBA colleges in India are as follows:

    • Indian Institute of Management, Ahmedabad
    • Indian Institute of Management, Bangalore
    • Indian Institute of Management, Calcutta
    • Indian Institute of Management, Kozhikode
    • Indian Institute of Technology, Delhi
    • Indian Institute of Management, Indore
    • Indian Institute of Management, Lucknow
    • Xavier Labour Relations Institute (XLRI), Jamshedpur
    • Indian Institute of Technology, Kharagpur
    • Indian Institute of Technology, Bombay
  • There are some MBA colleges in India that offer admission to certain courses on the basis of GRE scores. Check the list below and make your preference list of Top MBA Colleges in India:

    • IIM-Ahmedabad- EPGP
    • IIM-Bangalore- EPGP
    • IIM-Raipur- FPM
    • ISB Hyderabad/Mohali- PGP
    • BITS School of Management- MBA (2 years)
    • IIM- Visakhapatnam- PGP-DGM & PGPEx
    • IIM-Udaipur- MBA (1 year)
    • IIM- Lucknow- IPMX
  • Note the below list to get an idea about the cheapest MBA colleges in India.

    • FMS- Delhi University
    • TISS-Mumbai
    • DMS- Pune University
    • Delhi Technical University
    • DMS- Chandigarh University
  • Accept the IIMs and IITs; there are Top MBA Colleges in India that offer the best placement opportunities to its students. Note the list below and make your preference:

    • FMS Delhi
    • XLRI, Jamshedpur
    • NMIMS
    • MDI Gurgaon
  • After completing MBA from the Top MBA Colleges in India, you will have the following opportunities to start your career:

    • Finance Manager
    • Human Resources Manager
    • Marketing Manager
    • Sales Manager
    • Operations Manager
    • Product Manager
    • Data Analytics Manager
    • Digital Marketing Manager and many more
  • Yes, entrance exams are compulsory for admission into MBA Colleges in India. Some of the colleges also conduct their own entrance exam to shortlist the candidates for MBA admission.

  • The specializations offered by Top MBA Colleges in India are listed in the section below:

    • Sales and Marketing
    • Operations and administration
    • Finance
    • Supply Chain and Logistics
    • HR
    • IT System
    • Business Analytics and many more

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