Top Business Schools In India

Indian Academies are highly overseen as an attention-grabbing area for scholars aspiring to pursue careers in business administration. With the increasing globalization of education and an ever-increasing demand for business administration education, an increasing number of institutes have started up to offer Masters in Business Administration degrees (MBA).

The top Business Schools in India are generally found in metro cities such as Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Pune, etc. where there are a greater number of top-tier academic foundations to choose from. The high cost of such institutes is offset in part by their excellent reputation, which attracts students from all over the nation.

Here we the going to see the top Business Schools in India. There are around more than 5,000 Colleges in India. Out of these about 3,000 colleges are private, nearly 500 are government Colleges and the rest are private-public.

The top Business Schools in India according to the MHRD-NIRF rankings 2021, are IIM Bangalore, IIM Ahmedabad, IIM Calcutta, IIM Kozhikode, and IIM Indore. Other popular B-Schools include MDI Gurgaon, XLRI Jamshedpur, IMI, VIT, Fore School of Management, SPJIMR, and the Department of Management Studies of the IITs, all of which are ranked among the top business schools in India NIRF Rankings and other B-school surveys conducted by India Today, Outlook, and Business Today. Top Business Schools in India with fees ranging between Rs. 10 lakhs (Annual fees). 

Top 6 Business Schools In India

IIM AHEMDABAD

IIM Ahmedabad is India’s best business school and has been intensified twice at the first slot in the NIRF- rated Top Management Colleges in India in last three years. It is ranked 20 by Financial Times for Masters in Management globally. The college has also been awarded Best Agribusiness School Award 2021, for its MBA-FABM course.

Placements

IIM Ahmedabad Placements 2022 are in progress now. The college has conducted cluster 3 placements where UnDosTres was the biggest recruiter till now. The greatest number of offers have been made by the FinTech Firms. For IIM  placement season 2021, the average package offered to the student was 25 LPA and a maximum of 21 offers made by Finance firms, followed by Sales & Marketing firms.

• 388 students accepted offers from 153 recruiters.
• Highest CTC: INR 58.88 (domestic) / INR 1.32 Cr (international) 
• Average CTC: INR 26.13 (gone up from INR 25.83 LPA in 2021)

Ranking

Ranking Agency	Rank
Financial Times Ranking 2022	62
QS World University Rankings 2022	46
NIRF 2021	1
FT (Financial Times) Global MBA Ranking 2021	48
QS Global MBA Ranking 2021	50
Outlook India I-CARE Management 2021	1
Eduniversal Best Masters Ranking in Agribusiness/ Food Industry Management 2021	1
Business Today 2021 (Overall)	2
Business World 2020	1

IIM BANGALORE

IIM Bangalore is the second-best NIRF-rated B-SCHOOL in India and is regarded as the best management college in central Asia. IIM Bangalore offers MBA as its flagship program along with various other degree courses in management such as one year Executive MBA program, two-year weekend MBA program or PGPEM, PGP in Public Policy Management, MBA Business Analytics and PhD.

IIM Bangalore has 8 hubs of excellence that aims to develop as a catalyst in facilitating ideas, research and undertaking for startups.

Ranking

IIM Bangalore ranks in the top 30 for its across-the-board performance, and dignity. IIM Bangalore has been ranked by many different systems, details of which are tabulated below:-

Ranking System	Rank
BT MDRA Best Business School 2021	3
QS World Top University Ranking 2022	50
NIRF 2021	2
Outlook ICARE 2021	2
QS Global EMBA Ranking 2022	36
QS Global MBA 2022	33
Financial Times Global MBA Ranking 2021	35
Economic Times B-school Ranking 2021	3
Business Today 2021	3

Placements

IIM Bangalore has already finished the placement drive for 2020-22 batches. Students attained 100% placements. Reputable recruiters like Microsoft, Oracle, OYO, Amagi Labs, Google, Atlassian etc. visited the campus for the placement process. The major highlights of the placement drive of IIM Bangalore are given below:

• 513 students partook in the placement process. 
• The placement percentage stood at 100%.
• Students procured 662 offers.
• Number of offers increased by 37% compared to the last year.
• Consulting companies offered 248 jobs.
• 141 offers came from the IT & Product Management domains.

No. of Eligible Students	513
Number of Offers	542
Mode of Placements	Online
Top Sector	Consulting Sector

IIM CALCUTTA

IIM Calcutta (also known as IIM Kolkata) was the first institute inaugurated under the IIM legacy. IIM Calcutta has been ranked 3 under the Management category by NIRF 2021. IIM Calcutta is considered as one of the best B-schools in the country for Management education. The institute offers PG, doctoral and executive program to the students out of which MBA (or PGPM) is the flagship course.

The establishment year	1961
Rankings	- 1 for 'MBA' by India Today 2021 - 3 for 'MBA' by Outlook 2021 - 3 for ‘Management’ by NIRF 2021
Campus area	135 acre
Total faculty members	80+
Total courses offered	5 courses across 8 departments
Entrance exams accepted	CAT, GMAT, GRE, GATE, UGC-NET/ JRF
Partner institutes	- Bocconi University, Italy - Copenhagen Business School, Denmark - Ivey Business School, Canada
Type of scholarships offered	- Merit-based, Reserved category scholarships

Placements:-

Total 465 students of IIM Calcutta’s 57th batch were placed during IIM Calcutta placements 2022. A rise of 17% was witnessed in the average package in 2022 as compared with 2021. Further, the average package offered during IIM Calcutta placements 2022 was INR 34.2 LPA. The top recruiting sector during IIM Calcutta placements 2022 was theConsultingsector which made 49% of the total offers. The top recruiters of IIM Calcutta in 2022 included leading companies such as 

• Bain & Company
• Accenture Strategy
• Boston Consulting Group

The highlights of IIM Calcutta placements 2022 are illustrated below:-

No. of students placed	465
No. of companies visited	190+
Average package	INR 34.2 LPA
Median package	INR 31 LPA
No. of offers	631
Top recruiting sector	Consulting (49% offers)

IIM LUCKNOW

IIM Lucknow is the fourth IIM set up by the Government of India in 1984, also known as “Institution of Excellence” by the Ministry of HRD. The B-school featured on 7th spot in NIRF Management College Rankings in 2021, released by Ministry of Education, Government of India.

Establishment year	1984
Rankings	- 31 by QS Asia Rankings 2022 - 201-250 by QS World Rankings 2022 - 7 for ‘Management’ by NIRF 2021
Location	Lucknow, Uttar Pradesh
Faculty members	90+
Membership and accreditations	AACSB, AMBA
Number of courses	40+
Entrance exams accepted	CAT/ XAT / GATE/ GMAT/ GRE/ UGC NET/ CSIR NET
Scholarships	Need-based, Fellowship grants

Placements

IIM Lucknow has assumed its final placements for the batch of Post Graduate Program (PGP) and Agro Business Management (ABM) programs passing out in 2022. IIM Lucknow placements 2022 observed the highest international package of INR 61.59 LPA, whereas the highest domestic package stood at INR 58 LPA. The top recruiters of IIM Lucknow in 2022 included some leading companies like Aditya Birla Group, Accenture, Adobe, Alliance Bernstein, Alvarez and Marsal, Amagi, American Express, Asian Paints, Atlassian, Avendus Capital, among others. Whereas, the international offers were extended by companies such as Omnibiz, Landmark, Splash, etc.

No. of offers made	450+
Highest international salary offered	INR 61.59 LPA
Highest domestic salary offered	INR 58 LPA
Average salary offered	INR 26 LPA
Median salary offered	INR 23.5

IIM KHARAGPUR

Indian Institute of Technology (IIT), Kharagpur (IITKGP) is an independent university that has inaugurated in 1951. IIT Kharagpur is ranked 5 for Engineering and Law by NIRF 2021. IIT Kharagpur delivers undergraduate, postgraduate, and Ph.D. programs, and the academic units include Faculty of Eng. and Architecture, Faculty of Bio-Technology and Biosciences, Faculty of Sciences, Faculty of Humanities, Social and Economic Sciences, Faculty of Interdisciplinary Sciences and Eng., School of Management and School of Law.

Establishment year	1951
Campus size	2100 acres
No. of students placed every year	1,500
Rankings 2021 (NIRF)	- 5 for Engineering - 5 for Law - 9 for Management
Types of scholarships offered	Merit-based, need-based
Total collaborations	111
No. of recruiters	250+
No. of faculties	650

Placements

In 2021, IIT Kharagpur has set a record of achieving the fastest-ever 1,600 placement offers during phase 1 of IIT Kharagpur placements. According to media reports, the institute got 35 international offers and the highest package was INR 2.4 crore and INR 2 crore.

In addition, more than 245 companies have visited the campus of IIT Kharagpur. Also, more than 400 pre-placement offers (PPO) and 800 internship offers are made during the placements. The top recruiters who visited the campus include HUL, Google, Microsoft, American Express, and Samsung.

The IIT Kharagpur placements 2021-22 highlights are presented below:-

Particulars	Statistics
Highest Salary	INR 2.40 crore per annum
No. of recruiters	245+
No. of offers	1,600
No. of International offers	35
No. of PPO	400
Top recruiters	Google, Microsoft, Amazon

IIM INDORE

Indian Institute of Management (IIM), Indore, (IIM-I) is the sixth IIM established under the IIM heritage. Ranked 5 among all the IIMs by the NIRF India Ranking 2021, it is one of the well-known public B-schools in the country with supreme status. It is an institute of ‘National Importance’ since and second IIM after IIM Calcutta to be awarded top three international accreditations.

IIM Indore offers PGP and PGPMX programs along with several executive courses.

Establishment year	1996
Campus size	193-acre
Rankings (2021)	- Ranked 6 for IIMs by NIRF - Ranked 3 for IIMs by Financial Times
Number of courses	20+
Total faculty	80+
Types of scholarships offered	Need-based Financial Assistance, Fellowship stipend
Top recruiters	Bain & Company, BCG, Deloitte, EY, PwC and among others
Highest placement package (2022)	- INR 70 LPA for EPGP - INR 49 LPA (Domestic) for PGP & IPM
Collaborations	Alba Graduate Business School (Greece), Asian Institute of Management (Manila), Auckland University of Technology (New Zealand), EM Lyon Business School (France)

Placements:-

The highest and average packages offered during IIM Indore placements 2022 were INR 70 LPA and INR 25.4 LPA, respectively. With this, out of more than 210 recruiters who participated in IIM Indore final placements 2022, over 30 were first-time recruiters for PGP and IPM programs. All these offered bunches of roles in the Automobile, BFSI, Consulting, E-Commerce, Energy and Healthcare, among other, sectors. Aspirants can check the highlights of IIM Indore PGP and IPM placements 2022 in the table provided below:

Students placed	572
No. of recruiters	210+
First-time recruiters	30+
Average package	INR 25.01 LPA
Highest package (domestic)	INR 49 LPA
Median package	INR 24.09 LPA
Top recruiters	Bain & Company, Accenture Strategy, Acuvon Consulting, Avalon Consulting, KPMG, Deloitte, etc.

Top Business Schools In India Highlights

Parameters	Information
Total Business Schools in India	5,000 colleges
Fees	-Annual Fee < Rs 1 lakh: 30% -Annual Fee Rs 1-2 lakh: 33%
Main Specializations	Finance, Sales and Marketing, HR, IT and Systems, Operations, International Business, Business Analytics
Admission Process	- Entrance Based - Merit-Based
Top Business Schools in India	20 IIMs

MBA is one of the most sought-after post-graduate programs in India. This two-year program is a gateway to innumerable job opportunities in the corporate world. Scholars from different backgrounds such as Science, Commerce and Humanities opt for MBA. A regular MBA is a two-year course which is spread across four semesters. 

The top Business Schools in India give admissions to students based on the scores obtained by them in various national or state-level examinations such as CAT, XAT, MAT, CMAT, ATMA, SNAP, MAH CET, KMAT, etc. There are numerous MBA colleges in major cities across India as in Delhi-NCR, Mumbai, Bangalore, Pune, Kolkata, Hyderabad, etc.

Top Business Schools In India Eligibility Criteria

The eligibility criteria for MBA courses are different for different colleges. Nevertheless, the basic MBA eligibility criteria is same, including:-

• Aspirants must have certified graduation in any discipline or equivalent from a recognized university as a basic eligibility criterion for MBA (full-time).
• Most of the institutes follow the minimum score criteria in graduation which is 50% aggregate or equivalent CGPA. For reserved category scholars, the minimum score is 45% aggregate or equivalent CGPA.
• Final-year graduation aspirants are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

Top Business Schools In India Based On NIRF Ranking

NIRF gives a ranking for the institutes based on various parameters including:-

• Teaching
• learning and resources
• research and professional practices
•  graduation outcomes
• outreach and inclusivity
• perception. 

Here is the list given below which portrays the top 10 Business Schools in India based on the Ranking of NIRF.

Name of the College	NIRF Ranking
Indian Institute of Management, Ahmedabad	1
Indian Institute of Management, Bangalore	2
Indian Institute of Management, Calcutta	3
Indian Institute of Management, Lucknow	4
Indian Institute of Technology, Kharagpur	5
Indian Institute of Management, Kozhikode	6
Indian Institute of Management, Indore	7
Indian Institute of Technology, Delhi	8
Xavier Labour Relations Institute (XLRI)	9
Management Development Institute (MDI), Gurugram	10

Top Private Business Schools In India With Fees

Name of the College	Course Fee (in Rs)
XLRI	20.95 lakh - 26 lakh
MDI, Gurgaon	12.8 lakh - 23.58 lakh
SP Jain Institute of Management and Research (SPJIMR)	17.5 lakh
Symbiosis Institute of Management (SIBM)	14.42 lakh - 19.22 lakh
Great Lakes Institute of Management	11.81 lakh - 15.91 lakh

Top Government Business Schools In India With Fees

Name of the College	Course Fee (in Rs)
IIM Ahmedabad	10 lakh - 23 lakh
IIM Bangalore	14 lakh - 23 lakh
IIM Calcutta	20 lakh - 24 lakh
IIM Lucknow	5.5 lakh - 19.25 lakh
IIM Indore	15.01 lakh - 26 lakh

Top Semi-Private Business Schools In India With Fees

Name of the College	Course Fee (in Rs)
National Institute of Bank Management Name	10.38 lakh
Gautam Buddha University	4.13 lakh to 6.76 lakh
NSHM Knowledge Campus	4.13 lakh
National Institute of Construction Management and Research	4.34 lakh to 10.56 lakh
Shri Ram Institute of Management	38.2 K

Top Business Schools In India Location Wise

• Maharashtra           671
• Tamilnadu               551
• Uttar Pradesh          538
• Delhi NCR                469
• Telangana                469
• Andhra Pradesh       457
• Karnataka                 436
• Madhya Pradesh      317
• Punjab                      197
• Rajasthan                  197

Top Business Schools In India Based On ROI:-

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the aspirant while studying and the return he/she gets in the form of placements. Relate to the table below to know the top Business Schools in India with the average annual fee and average placement package:

Name of the B-School	Annual Average Fee (in Rs)	Average Placement Package (in Rs)
IIM Bangalore	23 lakh	23 LPA
IIM Calcutta	20 lakh - 24 lakh	23.75 LPA - 25.1 LPA
MDI Gurgaon	12.8 lakh - 23.58 lakh	18 LPA - 19.82 LPA
IIM Ahmedabad	10 lakh - 23 lakh	26.13 LPA - 61.76 LPA
IIM Lucknow	5.5 lakh - 19.25 lakh	24.25 LPA
Northpoint Centre of Learning	7.07 lakh	4 LPA
Roorkee Institute of Technology	2.39 lakh	5 LPA
Alpha College of Engineering	1 lakh	3 LPA
Global Academy of Technology	1.08 lakh	3.25 LPA

Top Companies For Placement Of Top Business Schools In India

Colleges	Top Recruiters
Sri Sai Group of Institutes - Admission Office, Delhi	Ambuja Cement, CSC, Dell, Genpact, HCL, HDFC Bank, ICICI, Reliance, Vodafone, Wipro, etc.
Northpoint Centre of Learning, Mumbai	Dentsu Aegis, Future Group, Google, JWT, Kotak Securities, Leo Burnett, Lowe Lintas, Ogilvy, PepsiCo, Webchutney, etc.
RVS Institute of Management Studies and Research, Coimbatore	Accenture, American Express, Aptara Corp, BNP Paribas, Cipla, Cognizant, Ford Motors, Genpact, HCL, HP, IBM, Infosys, KPMG, Oracle, PWC, Sundaram Finance, Target, Tech Mahindra, Thomson Reuters, Wipro, etc.
School of Management and Business Studies, Kottayam	Decathlon, TCS, L&T Finance, MyG, etc.
Bhavan’s Centre for Communication and Management, Bhubaneswar	Aditya Birla Group, Amazon, Armani, Axis Bank, Bajaj Capital, Bandhan Bank, Big Bazaar, Britannia, Calvin Klein, CEASE FIRE, DCB Bank, Deluxe, eClerx, Flipkart, HDFC Bank, HDFC Home Loans, HSBC, ICICI, Just Dial, Karvy Stock Broking, Kotak Bank, Kurlon, OM Logistics Limited, Pantaloons, Paytm, RBS, Redington, Reliance, Reliance Communication, SBI Life, Shoppers Stop, Spandana, Tech Mahindra, Videocon, Visa Steel, Wipro, etc.
National Institute of Pharmaceutical Education and Research S.A.S. Nagar, Punjab	Pfizer, Dr. Reddy's, Hetero labs, GSK Pharmaceuticals, Eli Lilly, AstraZeneca, Sun Pharma, Novartis, IMS, etc.

Top MBA Specializations In India

In India, an MBA course is offered across several specializations. Some of the most popular ones are:-

• Finance
• Sales and Marketing
• Human Resources
• IT and Systems
• Operations
• International Business
• Healthcare & Hospital
• Supply Chain
• Business Analytics
• Retail, etc. 

The most popular and sought-after MBA specializations out of these are MBA in Finance and MBA in Sales and Marketing followed by MBA in Human Resources.

Affordable MBA Courses In India

Based on Statistics, pursuing an MBA in India from top-rated colleges is somewhat priced. The top 10 Business Schools in India are nevertheless have high fees. Nearly 63 percent of the B-Schools in India have a course/ annual fee that of less than Rs 10 lakh, which includes:-

• IIT Kanpur
• DMS IIT Delhi
• IIT Roorkee
• IIT Madras
• SJMSOM IIT Bombay
• IIT Kharagpur

Around 31 percent of B-Schools have a fee structure that ranges from Rs 10-20 lakh, which includes:-

• IIM Lucknow
• IIM Udaipur
• IIM Raipur
• IIM Ranchi
• IIM Indore

Around 6 percent of B-Schools have a fee structure of more than Rs 20 lakh, including:-

• IIM Ahmedabad
• IIM Bangalore
• IIM Calcutta
• MDI Gurgaon
• XLRI, Jamshedpur
• XIM Bhubaneswar

Top Business Schools In India Cutoff

The top Business Schools in India offer admission to aspirants on the basis of cutoffs of different entrance exam. The college cutoff ranges between 95 to 100 at top Business Schools in India. Check the below table for average admission cutoff percentiles of top 10 Business Schools in India, ranked by NIRF

B-School Name	College Cutoff
IIM Bangalore cutoff	99-100 percentile
IIM Ahmedabad cutoff	98-99 percentile
IIM Calcutta cutoff	98-99 percentile
IIM Lucknow cutoff	98-99 percentile
IIT Kharagpur cutoff	90-95 percentile
IIM Kozhikode cutoff	95-98 percentile
IIM Indore cutoff	95-98 percentile
IIT Delhi cutoff	90-95 percentile
XLRI Jamshedpur cutoff	92-94 percentile
MDI Gurgaon cutoff	94-98 percentile

Top Business Schools In India

Frequently Asked Questions

1. Is there any program offered by IIM Ahmedabad which I can do without leaving my job?

Ans. Yes, The ePGD-ABA is a 16 months’ diploma program offered by IIM Ahmedabad. Delivered through a blend of online and on-campus class room sessions. Given that this program is meant for working professionals, the classes will be held on Weekends and public holidays. This format is to help you advance your career while working.

2. How is the network connectivity like in IIM Ahmedabad ?

Ans. IIM Ahmedabad provides an IT infrastructure which has a goal of creating a digitally smart campus where devices and applications can be accessed and run smoothly without any interventions. The Computer Centre’s main focus is on providing high availability, mobility, security, automation, and easy of management so that your work never stops. The students are expected to bring in their own laptops and tablets for research and other purposes. IIM Ahmedabad has one of the best Internet networks in the subcontinent for its faculty members and students.

3. Is CAT score compulsory for IIM Ahmedabad EPGP?

Ans. CAT score is compulsory screening process of IIM PGP admission. For candidates without a CAT score, they must have either a valid GMAT or GRE score. After screening, candidates are called for a written test and personal Interview.

4. What are the selection criteria for International Candidates at IIM Bangalore?

Ans. IIM Bangalore MBA International Admission is conducted via GMAT score. Interested candidates can submit a direct application. The final selection is based on following components performance:
GMAT score
Scholastic Achievement
Work Experience
Writing Ability Test Performance
Interview

5. What is so unique about the IIM Calcutta library?

Ans. The B. C. Roy Memorial Library of IIM Calcutta, which started with a liberal Ford Foundation grant, has grown over the years, steadily catering to the changing information needs of the users.The IIM C library is contemplated to be the largest management library in Asia.Through the library with an enlarged database, students can gain access to over 140,000 reference works and 1500 periodicals, and access to the entire electronic collection.

6. How is the International Exchange Program of IIM Calcutta?

Ans. The international Student Exchange Program (STEP) forms an essential part of IIM Calcutta’s vocation to establish itself as a global center of excellence in management education. The program offers students an opportunity to study and learn in culturally diverse environments, helping them to become global managers. Since inception, IIM Calcutta has build strong relationships with 40+ prestigious B-schools in North & South America, Europe, Australia, and Asia.

7. What are the career options available after FPM at IIM Lucknow?

Ans. FPM stands for Fellow Program in Management. It is a doctoral degree with a duration of 4-years. This program is meant for training people for research and academics. After the completion of the degree, one can find jobs in academic institutions like IIMs, MDI, and XLRI. Many companies are concerned about research – to develop better solutions and methods to get a competitive advantage. Thus many companies have started their own research wings, like IBM, Deloitte, GE, etc.

8. How realistic are my chances of getting into one of the top MBA institutes in India? What should I be working on?

Ans. IIMA’s rule of Top 1% or 100: According to this rule, IIM will give a direct call to the top 1% or 100 students (whichever is lower) based only upon CAT percentile from each academic background. So if you are from Arts or Commerce, there’s a chance to receive a direct call if you manage to be in the top 1% or 100 of your stream in CAT.
Just focus on two things right now:
CAT Preparation
Justification of why the scores were low