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Top MBA Colleges in India 2023: Rankings, Admission Process, Cutoffs, and Placement Opportunities

By BYJU'S Exam Prep

Updated on: September 13th, 2023

Top MBA Colleges in India 2023: The candidates thinking to study MBA & PGDM must have a clear and precise list of the best MBA colleges in India. There are approximately 6000+ colleges to study MBA in specializations including HRM, operations, International Business and more. Top MBA Colleges in India provide high-quality education and excellent placement opportunities to the top MNCs in both domestic and overseas locations.

In these days of globalization, an MBA degree becomes a compulsory approach to apprehend the services related to business operations and management. The admission process of the Top MBA Colleges in India including IIMA, IIMB, IIMC and many more mainly involves the entrance exams, followed by the GD-PI round. In this article, BYJU’S Exam Prep experts have listed the Top MBA Colleges in India along with other details like rank, fees, and eligibility to help you in making your list of preferred colleges.

Overview of MBA Colleges in India

Here we have tabulated the key highlights that the aspirants need to keep in their mind while selecting the colleges to study MBA.

Key Highlights

Details

Number of 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, and State-level Entrance (MBA CET)

Number of IIMs

20

Number of IITs

23

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 as per the selected specializations. 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 10 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.

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

Best Government MBA Colleges in India

Note the list below and make your preference list to study MBA Government colleges in India.

Top MBA Colleges in India

Course Fees (Approx)

Exam Accepted

IIM Ahmedabad

INR 23 LPA

CAT

IIM Bangalore

INR 24 LPA

CAT + Graduation with 50% in aggregate (45% for SC & ST)

IIT Delhi

INR 12 LPA

CAT

IIM Kozhikode

INR 20 LPA

CAT

☛ Get a List of Books For CAT Preparation

Private MBA Colleges in India

The MBA colleges give global exposure to their students through different 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 private MBA colleges in India.

Top MBA Colleges in India

Fees Structure (Approximate)

Exam Accepted

XLRI

INR 24 LPA

XAT + 50% in graduation

MDI

INR 22 LPA

CAT, MAT, XAT, GMAT

SIBM Pune

INR 23 LPA

SNAP + 50% in graduation

SPJIMR

INR 20 LPA

CAT

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

Best 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

You must be aware of the Top MBA Colleges in India which only accept GMAT scores for certain management programmes if you are thinking of appearing only for the GMAT. 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 Best 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

Top MBA Colleges in India: Location-Wise List

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

Top MBA Colleges in India – Location-Wise List

MBA Colleges in Bangalore

MBA Colleges in Delhi

MBA Colleges in Kolkata

MBA Colleges in Mumbai

Best MBA Colleges in Pune

MBA Colleges in Chennai

Top MBA Colleges in Indore

Top MBA Colleges in Hyderabad

MBA Colleges in Ahmedabad

Best MBA Colleges in Jaipur

Top MBA Colleges in Coimbatore

MBA Colleges in Nagpur

Best MBA Colleges in Lucknow

MBA Colleges in Mysore

MBA Colleges in Dehradun

Top MBA Colleges in Noida

MBA Colleges in Bhopal

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 Best 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

Top MBA Colleges in India Cut Off

The admission cutoffs to study in MBA colleges 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:

Best MBA Colleges in India Specializations Offered

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

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

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

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

Important Points to Consider While Choosing the Top MBA College

The candidates must keep the below points in mind while choosing colleges to study MBA in India.

  • Check the institute rankings before applying for the admission process. The ranking organisation examines institutions fairly and thoroughly before assigning them a ranking based on the degree to which certain criteria are met.
  • Make well-research about the faculties and college infrastructures. Teachers with years of expertise, a solid track record, and a strong teaching background can be found at the majority of Top MBA Colleges in India. Studying from specialists who impart their knowledge to the future generation of leaders benefits students.
  • Attending a management institution in the location of your choice will enhance your college or university experience and motivate you to fully enjoy campus life and the surrounding area. So know the location of the Top MBA Colleges in India.
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