Best Private MBA Colleges In India

The top best private MBA colleges in India offer best infrastructure and pedagogy, latest MBA curriculum, popular and niche specialisations, practical training, foreign exchange programs and campus placements. Although the course fee of these MBA colleges are on the higher side, the return on investment (ROI) is good.
Best Private MBA Colleges In India

Best Private MBA Colleges In India

The top best private MBA colleges in India offer best infrastructure and pedagogy, latest MBA curriculum, popular and niche specialisations, practical training, foreign exchange programs and campus placements. Although the course fee of these MBA colleges are on the higher side, the return on investment (ROI) is good. 

There are over 2900 best private MBA colleges in India. Some of them are well reputed and ranked on par with the IIMs. The top private MBA colleges in India include XLRI Xavier School of Management (Jamshedpur), Management Development Institute (MDI Gurgaon), National Institute of Industrial Engineering (NITIE Mumbai), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), Symbiosis Institute of Business Management (SIBM Pune), Great Lakes Institute of Management (Chennai), NMIMS School of Business Management (Mumbai), ICFAI Business School – IBS (Hyderabad), T.A. Pai Management Institute – TAPMI (Manipal), International Management Institute (IMI Delhi), etc. Read below all about MBA rankings and best private MBA colleges in India.

Top MBA institutions in India with low fees provide MBA programs with a great return on investment including Best Private MBA Colleges In India. FMS, JBIMS, SIMSREE, PUMBA, UBS, USMS, and SRM are among the top B-schools in India that provide cheap MBA programs. 

They charge fees ranging from Rs.50,000 to Rs.10 Lakhs for the whole MBA program, as opposed to many of the more costly MBA universities, which charge fees ranging from Rs.18 lakhs to Rs.25 lakhs. This MBAUniverse.com post examines the most cheap top MBA universities, IIMs offering two-year full-time MBA/PGDM programs.

Best Private MBA Colleges in India: Eligibility Criteria

The eligibility criteria for an MBA course is graduation, however the minimum score requirement may vary for niche specialisations.

Candidates must have passed graduation in any discipline or equivalent from a recognised university

Most of the institutes follow the minimum score criteria in graduation as per the AICTE i.e. 50 percent aggregate or equivalent and five percent relaxation to students belonging to reserved categories

Professional degree holders such as MBBS/CA/CS/ICWA, etc. are also eligible to pursue MBA

ROI of Top Private MBA Colleges in India

A major factor that contributes to an institute’s high rank is the Return on Investment or ROI. But what is ROI, ROI can be referred to as the balance or gap between the course fee and salary offered in the job secured on the basis of the course.

The ROI of top private MBA colleges in India is satisfactory which is why they find a place in all India rankings by agencies and business magazines. The best private MBA colleges in India with the average annual fee.

Top Private MBA Colleges in IndiaAverage Annual Fee (in Rs)Average Placement Package (in Rs)
NITIE Mumbai11.43 Lakh20.88 LPA
XLRI Xavier School of Management, Jamshedpur23.60 Lakh25.08 LPA
MDI Gurgaon21.34 Lakh23.15 LPA
IIFT Delhi8.75 Lakh21.08 LPA
SIBM Pune10.20 Lakh19.56 LPA
SPJIMR, Mumbai17.87 Lakh19.50 LPA
NMIMS School of Business Management, Mumbai12.05 Lakh17.79 LPA
TAPMI, Manipal15.01 Lakh11.50 LPA
Great Lakes Institute of Management, Chennai11.81 Lakh13.60 LPA
ICFAI Business School (IBS), Hyderabad14.14 Lakh7.88 LPA

MBA Colleges with Low Fee Admission 2022

The MBA programs with affordable fees listed below are accepting applications for the class of 2022. They provide a low-cost University MBA. Most of these MBA institutions with inexpensive costs are holding their prices for the 2022-24 batch at the same level as last year, with a small or no rise. Due to the Covid epidemic last year, AICTE also issued directives to all management institutions not to raise fees. As a result, there is no tuition increase in the MBA programs offered by these low-cost MBA institutions in India.

Check the website or contract us for admission details

MBA CollegeFees (Rupees)
VIT Business School Vellore7,02,000
Chandragupt Institute of Management Patna7,65,000
IMS Ghaziabad7,95,000
VJIM Hyderabad7,50,000
JIMS Rohini Delhi7,95,000
SCMS Cochin7,50,000
GBS Kolkata7,95,000
Jaipuria School of Business, Ghaziabad7,50,000
Firebird Institute of Research in Management Coimbatore4,80,000
K R Mangalam University Delhi2,60,000
St. Kabir Institute of Professional Studies Ahmedabad4,95,000
SRM University Chennai5,00,000
IMS Ghaziabad (University Courses Campus)5,48,500
Pune Business School5,50,000
NSB Academy Bangalore7,10,000
MITCON Pune5,25,000

Top Recruiters for MBA Graduates

MBA graduates from any domain are in high demand. All organisations (big or small, private or government) hire MBA degree holders in various capacities. Below is the list of few top companies which visit the top private MBA colleges in India to recruit management graduates:

Top Private MBA Colleges in IndiaTop Recruiters
XLRI Xavier School of Management, JamshedpurTata Projects, HR Consultancy, Schindler Elevators, EY, Genpact, Infosys, PricewaterhouseCoopers, Tata Consultancy Services, DIAGEO, Accenture, Addeco, Dr.Reddys Laboratories, Ameex Technologies, Cipla, Alten, Allianz Global Investors, McKinsey & Co., Boston Consulting Group, Accenture Strategy, etc.
MDI GurgaonNestle, Coca-Cola, Airtel, Tata Consumer Products Ltd., ITC Ltd., Godrej Industries Ltd., JPMorgan Chase & Co., HSBC Bank, ICICI Bank, Bank of America, Axis Bank, Delhivery, Ninjacart, Uber, Amazon, PwC US Advisory, McKinsey Digital, Deloitte USI, Hinduja Group, etc.
NITIE MumbaiColgate-Palmolive, Johnson & Johnson, HUL, ITC, Diageo, P&G, Accenture Digital, Cognizant Business Consulting, E&Y, Deloitte India, KPMG, McKinsey, Asian Paints, Castrol, Maruti Suzuki, Coromandel, Crompton, Avery Dennison, etc.
SPJIMR, MumbaiAlvarez & Marsal, The Bridgespan Group, Praxis Global Alliance, Accenture Strategy, Avalon Consulting, Bain & Company, Boston Consulting Group, Deloitte, Ernst & Young, GEP, IBM, KPMG, PwC, etc.
SIBM PuneWipro, Accenture, ICICI Bank, Capgemini, Cognizant, TCS, IBM, HCL Technologies, Amazon, Infosys, Genpact, HSBC, etc.
Great Lakes Institute of Management, ChennaiAccenture Strategy, Aditya Birla Capital, Dell, Deloitte, Decathlon, ITC Infotech, L&T Infotech, Magicbricks, Societe Generale, McKinsey, Crisil, Dell, Deloitte, KVB, JP Morgan, Ford, RBS, Cognizant, Infosys, ICICI, HSBC Technologies, etc.
NMIMS School of Business Management, MumbaiBosch, Reliance Industries, Agro Tech Foods, Bacardi, Whirlpool, Xiaomi, Aditya Birla Insurance Brokers, EY, HDFC Bank, J P Morgan, Aditya Birla Fashion & Retail, Axis My India, Birla Sun Life Insurance, Raymond, Cognizant Business Consulting, Mahindra Logistics, Maruti Suzuki, ICICI Bank, DHL Express, Essar, etc.
ICFAI Business School (IBS), HyderabadHDFC Bank, Tata Consultancy Services, ICICI Bank, Cognizant, HSBC, E&Y, Genpact, Wipro Limited, Deloitte, Accenture, IDFC Bank, Kotak Mahindra Bank, Amazon, etc.
IIFT DelhiBajaj Auto, Hero MotoCorp, Maruti Suzuki India Limited, TVS, Tata Steel, L&T, JSW & Metal Power, ITC, Pidilite, Dabur, Dell, Philips, Shell, TATA Sky, HT Media, Games 24x7, ABFRL , Goldman Sachs, HSBC, JPMC, Yes Bank, Citi Bank, ICICI Bank, DE Shaw, etc.
TAPMI, ManipalInfosys, Tata Consultancy Services, ICICI Bank, Deloitte, Mu Sigma Business Solutions, E&Y, Raam Group, KPMG, Wipro Technologies, MakeMyTrip, Capgemini, Brillio Technologies, etc.

Job Roles Offered After Completing MBA?

With the growing demand for MBA, students can bag excellent opportunities in both the public and private sectors. MBA graduates can start their own business or work as an entrepreneur to implement their learning in the real world or start a school/ institution. Those seeking job opportunities can be recruited under the profiles listed below:

  • Operations Manager
  • Product Manager
  • Finance Manager
  • Sales Manager
  • Marketing Manager
  • Human Resources Manager
  • Data Analytics Manager
  • Digital Marketing Manager
  • Advertising Sales Manager

What are the Study Options After MBA?

raduates from private MBA colleges can choose from multiple courses to pursue higher education or certification. The popular courses are given below:

  • Certified Information Systems Auditor (CISA)
  • Certification in Risk Management Assurance (CRMA)
  • Certified in Production and Inventory Management (CPIM)
  • Chartered Financial Analyst (CFA)
  • Financial Risk Manager (FRM) Exam
  • Project Management Professional (PMP)
  • Second MBA from an international business school

How Affordable is Studying in a Top Private MBA College in India?

Based on the below pie chart, it can be estimated that pursuing MBA in a top private college is expensive as around 86 per cent of top private MBA colleges in India have fees of above Rs 5 lakh. About nine per cent of top private MBA colleges in India have course fees in the range of Rs 3 to 5 lakh. About two per cent best private MBA colleges in India have course fees in the range of Rs 2 to 3 lakh and about three per cent top private MBA colleges in India have course fee under Rs 1 lakh.

Refer to the infographics below for an overview of course fee of the best private MBA colleges in India.

People Also Ask -

1. Which is the best Private MBA college in India based on placements?

Answer. The top five Private MBA Colleges in India based on placement trends are: XLRI Xavier School of Management, Jamshedpur NITIE Mumbai MDI Gurgaon SIBM Pune Great Lakes Institute of Management, Chennai

2. What is the eligibility criteria for admission to top private MBA colleges in India?

Answer. The essential eligibility criteria for admission to private MBA colleges in India in graduation. Most MBA colleges have minimum criteria of 50 percent aggregate (45 percent for reserved category students).

3. What documents are required for admission in any private MBA college in India?

Answer. Some of the documents required for admission in any private MBA college in India are 12th mark sheet, 10th mark sheet, Graduation certificate and Passport sized photographs.

4. What is the eligibility criteria for admission in any private MBA college in India?

Answer. The eligibility criteria of all the private MBA college in India will be different. You can check the eligibility criteria form the college website.

5. Which is the best private MBA college in India?

Answer. List of Top Private MBA/PGDM Colleges In India based on 2022 Ranking

  • Alliance University, Bangalore. 
  • IMI Kolkata, Kolkata. 
  • Xavier University Bhubaneswar, Bhubaneswar.
  • VIT Vellore, Vellore. 
  • NMIMS Hyderabad, Hyderabad. 
  • IFMR GSB Sri City, Sri City. 
  • Amity University, Noida. 
  • UBS Chandigarh, Chandigarh.

6. Which private MBA college has best placement?

Answer. ROI of Top Private MBA Colleges in India

Top Private MBA Colleges in IndiaAverage Annual Fee (in Rs)Average Placement Package (in Rs)
XLRI Xavier School of Management, Jamshedpur23.60 Lakh25.08 LPA
MDI Gurgaon21.34 Lakh23.15 LPA
IIFT Delhi8.75 Lakh21.08 LPA
SIBM Pune10.20 Lakh19.56 LPA

7. Who is the No 1 private university in India?

Answer. Education World India Private Universities Rankings

RankUniversity NameCity
1Amity University, NoidaNoida
2Manipal Academy of Higher EducationManipal
3Amrita Vishwa Vidyapeetham, CoimbatoreCoimbatore
3NMIMS (Narsee Monjee Institute of Management Studies) Deemed-to-be University, MumbaiMumbai

Frequently Asked Questions:

1. Is LNCT Good for an MBA? 

Answer. Best MBA College in Bhopal. LNCT MBA seeks to be a contextually-relevant business school with world-class academic standards that develop socially. Master of Business Administration or MBA is one of the most popular post-graduate programs in India.

2. What is there in the MBA course? 

Answer. The MBA course is an academic programme oriented towards management and marketing. It includes subjects such as Organisational Behaviour, Marketing, Principles of Management, Supply Chain Management, Operations Management, etc.

3. What is the average package at LNCT Bhopal? 

Answer. The highest package is 19 lakh and the average package is 4.5 lakh. The college will also provide internships to the students.

4. Is MBA hard to study? 

Answer. MBA is not difficult for an average student but it may vary. Studying MBA pushes a person out of their comfort zone and adapts themselves with International Business trends, Application of new management tools and techniques and prepares them to survive the rapidly changing business environment.

5. Is MBA done after 12th? 

Answer. No, you can’t do an MBA after 12th as it’s a master’s degree and before master’s one needs to have a bachelor’s degree. 

6. Which MBA is best for becoming a CEO?

Answer. A general MBA from a top business school is a good path to take for aspiring CEOs. However, if you already have a well-rounded business education, earning an MBA in finance or another relevant discipline could also be an effective approach.

Reviews:-

MBA is one of the most popular postgraduate programmes in India. The two-year programme is a gateway to multiple managerial level job opportunities such as Finance Manager, Sales Manager, Marketing Manager, etc. This course curriculum is designed to impart knowledge related to operations of a business and managing the business operations. 

Conclusion:- 

90 percent of the MBA colleges in India are run as private colleges while seven per cent are run by the Government.

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