Table of Contents
Are you looking for the Best 20 colleges for MBA in India? Look no further, because Formfees has compiled the most informative article on the top 20 MBA colleges in India for you right here. Take a look and get all of your questions answered in one place.
Best 20 Colleges for MBA in India: Synopsis
Wondering what you can expect in the article below?
Worry not because we shall give a brief before starting the article on the Best 20 colleges for MBA in India right off.
The article below is intended to give you detailed information regarding the top 20 MBA colleges in India. We shall discuss what makes the Top MBA college in the country stand out among the rest and how to decipher a good MBA college from a not-so-great one.
Then there shall be brief quick facts you may need to know about the MBA colleges in India such as the no. of MBA in colleges in India in total and separate numbers of private and government MBA colleges in India among others.
For the Best 20 colleges for MBA in India, the article shall brief you about the Top 10 MBA colleges in India with fee structures. Some of the mentions you shall in this table would be:
- Indian Institute of Management, (IIM) Ahmedabad
- Indian Institute of Management, (IIM) Bangalore
- Indian Institute of Technology, (IIT) Delhi
- Indian Institute of Management, (IIM) Kozhikode
Then to compile a good article for the best 20 colleges for MBA in India we definitely need a separate list of Top MBA colleges in India placement-wise. This shall also be presented in the article for you. Some of the colleges mentioned here would be:
- IIM Indore
- IIFT Delhi & Kolkata
- MDI Gurgaon
- IIM Tiruchirappalli
To decipher the top colleges for MBA in India it is best to rely on a valid survey list. There is no better education survey in India than NIRF. The article also includes the Top 50 MBA colleges in India NIRF rank for this purpose. Some of the top MBA colleges in India you would see here are:
An MBA can be a financially expensive course as the tuition fee can be very high for some of the institutions. But for those cases, many institutions offer an MBA course at a much lower price. To analyze this, one must have a list of Top MBA colleges in India with fees with them. This is also included in the article ahead. While there is a comprehensive list in this sub-heading, some of the best MBA colleges in India with fees mentioned in the article are:
- IIM Bangalore
- IIM Calcutta
- Indian School of Business (ISB)
- IIM Lucknow
- FMS Delhi
Among the best MBA colleges in India, many of the private MBA colleges also top the list. There is a separate list of the Top Private MBA colleges in India mentioned in the article below. Some of these are:
- Symbiosis Institute of Business Management, (SIBM) Pune
- S.P. Jain Institute of Management and Research (SPJIMR)
- XLRI
Following this, the article shall then provide you with general details of an MBA course and all the relevant details you need to know to get into among the Best 20 colleges for an MBA in India. Such as the eligibility criteria, admission process, various MBA entrance exams, and so on.
The following article also discusses the MBA job scope, salary, top recruiters, and so on.
By the end of this article, we hope to erase all your doubts regarding an MBA course and strengthen your determination to get into the Best 20 colleges for MBA in India. If you still have any query that persists, kindly contact us at Formfees and one of our consulting executives shall get in touch with you.
Best 20 Colleges for MBA in India: Quick Facts
Q. What sets the Top MBA Colleges apart from the rest?
Ans. The following criteria are used to rank the Best MBA colleges in India:
- The best faculty access: The best faculty access is one of the first of these. The best faculty in the field of MBA is employed by these prestigious MBA colleges in India, making them truly exceptional.
- Best accommodation facilities: These top MBA colleges in India offer some of the best housing options for their students, which draws many of them to these establishments.
- Top Placement Packages: Since these Top MBA colleges are among the most prestigious in the management field and are well-respected by businesses and organizations in the sector, graduates from these best 20 colleges for MBA in India are inevitably the most alluring job candidates.
- Remarkable industry reputation: Due to their excellent access to the industry, the Best MBA Colleges in India have a remarkable reputation, which they uphold by updating their MBA programs on a regular basis to meet industry standards.
Best 20 colleges for MBA in India: Quick Facts
- There are a total of 5556 MBA colleges in India, according to the MHRD-NIRF rankings for 2022.
- Among the top MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, IIM Lucknow, and IIM Indore.
- According to current data, there are almost 116 Top MBA colleges in India.
- Of the top MBA schools in India, about 70 are private and 46 are government- or public-owned institutions.
- Merit and various entrance exams, including the CAT, GMAT, and others, are used to determine admission to the Best 20 colleges for MBA in India.
- Depending on the college, the average annual tuition at the Top 20 MBA colleges in India ranges from 50,000 to 8.78 lakhs rupees.
- Infosys, Amazon, Wipro, Apple, IBM, Brain & Company, Accenture, BCG, Tata Consultancy Services, Citigroup, Larsen & Toubro, Deloitte, Goldman Sachs, and other companies run placement programs in the Best 20 colleges for MBA in India.
Top 10 MBA Colleges in India with Fee Structure
Knowing the fee structure of the Top 10 MBA colleges in India shall give you an idea of the expense that comes with pursuing an MBA course in India. It shall help you plan your budget accordingly. Also, while pursuing an MBA, students look for top MBA colleges in India because they offer the most qualitative MBA courses in the country.
The best MBA colleges in India with the total course fee are given in the table below:
| Name of the College | Fees Structure |
|---|---|
| Indian Institute of Management, (IIM) Ahmedabad | INR 24.61 lakh |
| Indian Institute of Management, (IIM) Bangalore | INR 24.50 lakh |
| Indian Institute of Technology, (IIT) Delhi | INR 10.40 lakh |
| Indian Institute of Management, (IIM) Kozhikode | INR 20.50 lakh |
| Indian Institute of Management, (IIM) Lucknow | INR 12.60 lakh |
| XLRI | INR 27.40 lakh |
| National Institute of Industrial Engineering, (NITIE) Mumbai | INR 11.33 lakh |
| Indian Institute of Technology, (IIT) Madras | INR 9.14 lakh |
| IIM Indore | INR 16.20 lakh |
Top MBA Colleges in India Placement-wise
For an MBA course, the placement a college offers is of the most vital importance. The candidates are advised to go through the college placement record before enrolling in any MBA college in India. The top MBA colleges are sure to provide you a great placement deals in the campus placement itself. So, Here is the list of the Best 20 colleges for an MBA in India placement-wise. Have a look:
Here is the list of top MBA colleges in India placement-wise. Have a look:
| Name of the college | Average Salary |
| IIM Indore | Rs. 30.21 LPA |
| IIFT Delhi & Kolkata | Rs. 29.10 LPA |
| MDI Gurgaon | Rs. 27.67 LPA |
| IIM Tiruchirappalli | Rs. 20.55 LPA |
| IIM Bangalore | Rs. 35.31 LPA |
| XLRI Jamshedpur | Rs. 32.70 LPA |
| IIM Lucknow | Rs. 32.20 LPA |
| IIM Kozhikode | Rs. 31.02 LPA |
| TISS Mumbai | Rs. 27.22 LPA |
| IIM Shillong | Rs. 26.96 LPA |
| BITSoM Mumbai | Rs. 23.85 LPA |
| SCMHRD Pune | Rs. 23.83 LPA |
| IIM Raipur | Rs. 21.04 LPA |
| SJMSoM IIT Bombay | Rs. 28.88 LPA |
| IIM Calcutta | Rs. 35.07 LPA |
| FMS Delhi | Rs. 34.10 LPA |
| ISB Hyderabad | Rs. 34.21 LPA |
| Masters Union, Gurugram | Rs. 33.10 LPA |
| SPJIMR Mumbai | Rs. 33.02 LPA |
| IIT Kanpur | Rs. 10.97 LPA |
Top 50 MBA colleges in India NIRF Rank
NIRF stands for the National Institutional Ranking Framework. It is a system for assessing and maintaining the high standards for higher education set by the country. The NIRF, a government initiative, has received approval from the HRD ministry. As a result, the NIRF ranking model is one of the most reliable when comparing higher education institutions in India.
The NIRF offers a variety of ranking options, including rankings based on states, cities, and courses. Accordingly, the NIRF has ranked the Top 50 MBA colleges in India NIRF rank 2022 in the following order.
By the end of July 2023, the Best 50 MBA colleges in India NIRF rank will be revealed.
| Name of the Institute | NIRF Rankings 2021 |
|---|---|
| IIM Ahmedabad | 1 |
| IIM Bangalore | 2 |
| IIM Calcutta | 3 |
| IIT Delhi | 4 |
| IIM Kozhikode | 5 |
| IIM Lucknow | 6 |
| IIM Indore | 7 |
| XLRI Jamshedpur | 8 |
| NITIE Mumbai | 9 |
| IIT Madras | 10 |
| IIT Bombay | 11 |
| IIT Kharagpur | 12 |
| MDI Gurgaon | 13 |
| IIM Raipur | 14 |
| IIM Ranchi | 15 |
| IIM Rohtak | 16 |
| SIBM Pune | 17 |
| IIM Trichy | 18 |
| IIT Roorkee | 19 |
| IIT Kanpur | 20 |
| SPJIMR Mumbai | 21 |
| IIM Udaipur | 22 |
| IIM Kashipur | 23 |
| IIFT Delhi | 24 |
| NMIMS Mumbai | 25 |
| IIM Shillong | 26 |
| Amrita Vishwa Vidyapeetham | 27 |
| Amity University Noida | 28 |
| Jamia Milia Islamia | 29 |
| IMI Delhi | 30 |
| GLIM Chennai | 31 |
| ICFAI Hyderabad | 32 |
| IIM Visakhapatnam | 33 |
| Lovely Professional University | 34 |
| XIMB Bhubaneswar | 35 |
| Goa Institute of Management | 36 |
| IIM Jammu | 36 |
| TAPMI Manipal | 38 |
| NIT Trichy | 39 |
| Chandigarh University | 40 |
| UPES Dehradun | 41 |
| MICA Ahmedabad | 42 |
| IIM Nagpur | 43 |
| IMT Ghaziabad | 44 |
| Nirma University | 45 |
| IIT-ISM (Dhanbad) | 46 |
| K L College of Engineering | 47 |
| Kalinga Institute of Industrial Technology | 48 |
| Anna University | 49 |
| Banaras Hindu University | 50 |
Top MBA Colleges in India with Fees
Apart from the top 10 MBA colleges in India, there shall be other MBA colleges in India that you might be interested in. When pursuing this degree, it's crucial to understand the cost of an MBA program because it will affect your financial planning and determine whether or not you can afford it. Knowing the fee structure will benefit you in terms of budgeting, college comparison, scholarship opportunities, and much more.
The list of top MBA colleges in India with fees is here below:
| Name of the institute | Course fee |
|---|---|
| IIM Bangalore | 23,00,000 |
| IIM Calcutta | 24,00,000 |
| Indian School of Business (ISB) | 33,05,120 |
| IIM Lucknow | 19,25,000 |
| FMS Delhi | 1,92,000 |
| SPJIMR Mumbai | 19,00,000 |
| XLRI Xavier School of Management | 25,80,000 |
| IIM Indore | 16,20,000 |
| MDI Gurgaon – Management Development Institute | 21,34,000 |
| IIM Ahmedabad | 23,00,000 |
| National Institute of Industrial Engineering | 14,63,000 |
| IIT Bombay – Shailesh J Mehta School of Management Mumbai | 9,06,400 |
| Indian Institute of Foreign Trade (IIFT Delhi) | 8,85,000 |
| IIM Kozhikode | 20,00,000 |
| Symbiosis Institute of Business Management | 21,27,950 |
| IIM Shillong | 14,60,000 |
| DMS IIT Delhi | 8,00,000 |
| IIT Kharagpur | 11,59,760 |
| IIT Kanpur | 10,97,600 |
| IIM Raipur | 14,20,400 |
Top Private MBA Colleges in India
The top private MBA colleges in India are as good as the top MBA colleges in India. These colleges have a reputed name for themselves and it is worth it to pursue an MBA course from the best private MBA colleges in India if a candidate wishes.
As in the case of the Top Private MBA colleges in India, the competition is very high. So, often several genuinely talented students cannot clear the exam, in those cases, rather than dropping their year off, many candidates prefer to pursue their degree from the Best Private MBA colleges in India.
These colleges have an equally good placement program as well as reputed faculty access along with great infrastructure facilities. For the list of the Top Private MBA colleges in India and their average fee, have a look below:
| Name of the College | Average Fee &Seat Intake |
|---|---|
| INR 22.20 lakh seats: 282 | INR 20.42 lakh seats: 720 |
| S.P. Jain Institute of Management and Research (SPJIMR) | INR 27.40 lakh seats: 1500 |
| XLRI | INR 24.20 lakh seats: 300 |
| Management Development Institute (MDI) | INR 24.20 lakhSeats: 300 |
Best 20 Colleges for MBA in India: Course Details
Some of the popular and commonly asked highlights about the Best 20 colleges for an MBA in India are given in the table below. Check out below:
| Course Name | Best 20 Colleges for MBA in India Admission Process |
| Best 20 colleges for MBA in India Duration | 2 years (4 semesters or 6 trimesters) |
| Eligibility | Graduation in any discipline |
| Best 20 Colleges for MBA in India Entrance Exams | Entrance test+GD+PI |
| Best 20 colleges for MBA in India Entrance Exams | MH CET, CAT, XAT, NMAT, CMAT, SNAP, MAT, etc. |
| Best 20 colleges for MBA in IndiaFee | INR 12-15 Lakhs |
| Average Salary after the course | INR 10,00,000 |
| Top Recruiting companies | Google, Amazon, Microsoft, Facebook, Accenture, IBM etc. |
Best 20 Colleges for MBA in India: Admission Process
There are two modes to get admission in top colleges for MBA in India
- Entrance exam
- Direct Admission based on merit basis or management quota basis
The process of admission to the Best 20 colleges for an MBA in India can be broken down in the following steps:
- Registration and Applying for the Entrance exam: Registration on the given date or before is often missed by the students, resulting in they cannot appearing for the examination for top colleges for MBA in India. The important exam for MBA is CAT; can be registered on the official website iimcat.in. For other exams like NMAT, XAT, CMAT, and SNAP, the students have to register separately.
- Clearing the exam: Place your attendance in the examination hall. A lot of students miss the examination even after registration. Come with preparation and the intention of clearing the exam. Wait for the result.
- Wait for the Shortlisting Process: The shortlisting process for MBA colleges is done on the basis of the total number of students who appear for the exams and the number of seats available. The cutoff for all colleges is then announced.
- Last Admission process stage - GD-PI-WAT Round: In admission for top MBA colleges this round is for the group discussion and the personal interview. Both carry different weightage for the final result.
Best 20 Colleges for MBA in India: Eligibility
The eligibility criteria for the Best 20 colleges for MBA in India are provided below. The students are expected to go through the eligibility criteria vigilantly to avoid any mistake in applying and pursuing the course Top 20 colleges for MBA in India.
- Students are expected to keep their graduation score up till 50%.
- Students belonging to the reserved categories such as OBC, SC, and ST get 5% relaxation.
- The majority of MBA colleges allow their final-year students to apply for MBA admissions if the students can submit their provisional certificates from the college. Hence even final-year students can apply to the Best colleges for MBA in India.
- There is also a domicile reserve seat for the students of Maharashtra and employees working in the Maharashtra state government. For this, the students are requested to keep themselves updated on the official website of the state government.
Best 20 Colleges for MBA in India: Entrance Exams
The various entrance exams to get into the Best 20 colleges for MBA in India are as follows:
| Exam Name | Registration Dates for the Exam | Examination Dates |
|---|---|---|
| MH CET | 9 March – 6 April 2023 | 16 April 2023 |
| CAT 2023 | September 2023 third week | Nov 26, 2023 |
| XAT 2024 | November 30, 2023 | Jan 7, 2024 |
| SNAP 2023 | November 2023 third week | December 2023, 2nd/3rd-week |
| NMAT by GMAC 2023 | November 2023 last week | Oct to Dec 2023 |
| CMAT | December 26, 2022 – February 25, 2023 | 4 May 2023 |
| IIFT 2024 | November 2023 third week | December 2023 third week |
| IBSAT 2023 | November 2023 last week | December 2023 last week |
| TISSNET 2024 | Nov 2023 to Jan 2024 | February 2024, 2nd week |
Best 20 Colleges for MBA in India: Jobs
The table below discusses the job profile one can expect after doing a course from the Best 20 colleges for MBA in India, along with their description and average salary offered.
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Project Manager -IT Software | These officers are responsible for enhancing their company's development in the technological arena. Firms that deal with artificial intelligence, the Internet of things, and cyber security are always in need of these positions. | 18 Lakhs |
| Program Manager | A program Manager provides strategic guidance to teams and project managers in ways that promote the company's culture. They also oversee the progress of operations and develop efficient strategies and tactics. | 19 Lakhs |
| He/She is responsible for the management, and execution of IT infrastructure for an organization. | CTO (Chief Technology Officer) | 25 Lakhs |
| Information System Managers | Their job is to overlook the infrastructure of technical operations, eliminate security risks, and maintain operations and systems. | 20 Lakhs |
| Information Technology Directors | These officers are responsible for enhancing their company's development in the technological arena. Firms that deal with artificial intelligence, the internet of things, and cyber security are always in need of these positions. | 34 Lakhs |
Best 20 Colleges for MBA in India: Top Recruiters
- Accenture
- Apple
- Disney
- ESPN
- Foxconn
- HP
- IBM
- Infosys
- L&T
- Microsoft
- TCS
- Wipro
Best 20 colleges for MBA in India professionals can also find careers in a variety of options in Defense, Space agencies, and the Automobile sector as well. Students are often looking forward to such opportunities to pursue a career in government sectors as well after doing a course from the top 20 colleges for MBA in India.
| Government Sector Enterprises | Indian Firms | Foreign Firms |
|---|---|---|
| BSNL | Infosys | Amazon |
| Indian Railways | Wipro | Apple |
| Indian Air Force | IBM | Brain & Company |
| ISRO | Accenture | BCG |
| Doordarshan | Tata Consultancy Services | Citigroup |
| Larsen & Toubro | Deloitte | |
| Goldman Sachs | ||
| JP Morgan | ||
| McKinsey | ||
| Morgan Stanley | ||
| Walt Disney |
Best 20 Colleges for MBA in India: Salary
Students are often curious to know the average salary various job titles expect after completion of their program from the Best 20 colleges for an MBA in India. Various job titles and their average salary is given below:
| Job Title | Average Salary |
|---|---|
| Project Manager | ₹1,455,051 |
| Senior Business Analyst | ₹987,801 |
| Business Analyst, Information Technology | ₹594,489 |
| Information Technology Manager | ₹1,242,095 |
| Project Manager, Information Technology | ₹1,459,771 |
| Senior Project Manager, Information Technology | ₹2,340,443 |
| Senior Software Engineer | ₹911,355 |
Frequently Asked Questions About Best 20 Colleges for MBA in India
The frequently asked questions about the Best 20 colleges for MBA in India are as follows. Kindly have a look;
Q. What are the Best 20 colleges for MBA in India in 2022?
Ans. The top 5 of the Best 20 colleges for an MBA in India in 2022 are
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIT Delhi
- IIM Kozhikode
Q. Is Amity among the Best 20 colleges for MBA in India?
Ans. No, Amity University does not come under the Best 20 colleges for MBA in India, it is one example of a tier 3 college.
Q. Which MBA Colleges should you apply to?
Ans. You should apply to the Best 20 colleges for MBA in India above and 5 colleges below your caliber. You should always spread your risks. It is advised to not limit yourself to just a handful of colleges.
Q. Is BITS Pilani the Best 20 colleges for MBA in India?
Ans. No, Bits Pilani isn’t included in the Best 20 colleges for MBA in India, but rather in the list of Tier 1 Engineering Colleges in India 2021 as per NIRF ranking ranks BITS Pilani as the top engineering college.
Q. Is the list of Best 20 Colleges for MBA in India 2023 published yet?
Ans. No, the list of the Best 20 Colleges for MBA in India 2023 has not been published yet. The NIRF has notified the list shall be made available by 23 july, 2023.
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