Best Private MBA Colleges in India

India is the home to some of the Best Private MBA Colleges in India that offers Top-Notch facilities and a vivid education that provides strong industry focused related programs but it also helps by providing global exposure to its students. 

These colleges attract some of the brightest students from across the country and from all over the world, and they offer a wide range of specializations to cater to the diverse interests of students. Here is an article on the best private MBA colleges in India 2023-24.

Some of the Best Private B schools in India highlights are mentioned below:

1. According to the NIRF ranking the Xavier School of Management also known as XLRI declined its NIRF ranking that shifted to rank 9 in 2023 as compared to rank 8 in 2022
2. Whereas the SVKM's Narsee Monjee Institute of Management Studies Jumped from 25 in 2022 to rank 21 in 2023.

Top 10 Private MBA Colleges in India with NIRF Ranking 2023

NIRF rankings publish their rankings of the Top MBA Colleges in India each year. These NIRF Rankings are mainly based on  a few factors like - graduation rate of its students, research, and professional practices in the institute, teaching and learning resources, and the institution's overall reputation.

Below are mentioned the top 10 private MBA colleges in India.

The best private MBA colleges in India, according to NIRF 2023, are listed below:

College Name	NIRF Ranking 2023
Xavier School of Management (XLRI)	9
Management Development Institute (MDI)	13
Symbiosis Institute of Business Management	17
S. P. Jain Institute of Management & Research	20
SVKM's Narsee Monjee Institute of Management Studies	21
Amity University	28
International Management Institute, New Delhi	34
Great Lakes Institute of Management	31
ICFAI Foundation for Higher Education, Hyderabad	40
Lovely Professional University (LPU)	32

Best Private B Schools in India: Eligibility Criteria

Candidates can connect with Formfees in case you want to know the exact courses fees and form fees as well. You can check the eligibility criteria for MBA courses and it is said that the Eligibility Criteria may differ from one college to another. 

However, the essential Top Private MBA Colleges in India eligibility criteria are as follows:

• Candidates need to have their graduation in any discipline or its equivalent from an accredited university.
• Candidates must understand that the institutions which adhere to the AICTE's minimum score requirements for graduation, which are 50% overall or equivalent and a 5% relaxation for students from reserved categories like ST, SC, etc.
• Candidates who are Holding of professional degrees like MBBS, CA, CS, and ICWAI, among others, are also qualified to pursue MBA.

Popular Exams Accepted by Top 10 Private MBA Colleges in India

The two most popular entrance exams accepted in top private MBA Colleges in India are:

• CAT Exam: Common Admission Test commonly known as CAT Exam — National Level Management Aptitude Test for admission to the MBA courses which is offered by 20 IIMs and along with many other MBA Colleges (over 1,200 B-schools in India). 

The CAT Exam question paper is set into three sections: 

• Verbal Ability and Reading Comprehension,
• Data Interpretation and Logical Reasoning and Quantitative Aptitude. XAT Exam: Xavier Aptitude Test which is commonly known as XAT is als a national-level management entrance examination, but it is conducted by the XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT is among the toughest entrance exams to crack. XAT comprises four sections: Decision Making, Verbal Ability and Logical Reasoning, 
• Quantitative Ability & Data Interpretation and General Knowledge.

The list below are the Best Private MBA Colleges in India with entrance examinations in the top 10 private MBA colleges in India have been provided below. 

S.No.	MBA College/Institute	Accepted Entrance Examination
1	XLRI-Xavier School of Management, Jamshedpur	XAT/GMAT/GRE
2	Management Development Institute, Gurugram	CAT/GMAT
3	Symbiosis Institute of Business Management, Pune	SNAP
4	S.P. Jain Institute of Management & Research, Mumbai	CAT, GMAT
5	SVKM’s Narsee Monjee Institute of Management Studies, Mumbai	NMAT
6	Amity University, Noida	CAT/ XAT / NMAT /MAT/ CMAT /GMAT
7	Amrita Vishwa Vidyapeetham, Coimbatore	CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE
8	Great Lakes Institute of Management, Chennai	CAT/XAT/GMAT/CMAT
9	Lovely Professional University, Phagwara	LPUNEST/CAT/MAT/XAT/NMAT/CMAT
10	Goa Institute of Management, Sanquelim	CAT/XAT/CMAT/GMAT

ROI of Best Private MBA Colleges in India

The Return on Investment or RoI, is one of the most crucial determining factors students often look at when selecting a college or university for higher education.

One of the most important factors for any student is the Placement Opportunities that attracts students to Best private MBA colleges in India. The given institutions have established strong ties with various industries, leading to lucrative placement opportunities for their graduates. 

Candidates can take a look at the Best private MBA colleges in India with Placement for 2023 mentioned in the table below:

S. No.	MBA College	Average Package Offered in 2023	Highest Package Offered in 2023
1	Xavier School of Management, Jamshedpur	INR 32.7 LPA	INR 78.2 LPA
2	Indian School of Business (ISB), Hyderabad	INR 34.20 LPA	NA
3	S.P Jain Institute of Management and Research, Mumbai	INR 33.02 LPA	INR 67.50 LPA
4	Management Development Institute, Gurgaon	INR 32.39 LPA	INR 60 LPA
5	Institute of Management Technology IMT, Ghaziabad	INR 17.35 LPA	INR 65.50 LPA
6	International Management Institute, New Delhi	INR 17.01 LPA	INR 50 LPA
7	Symbiosis Institute of Business Management SIBM, Pune	INR 23.06 LPA	INR 45.50 LPA
8	JBIMS Mumbai	INR 27.63 LPA	INR 42.00 LPA
9	Jagan Institute of Management, New Delhi	INR 7.5 lakh	INR 22 LPA
10	Lal Bahadur Shastri Institute of Management, Delhi	INR 12.42 LPA	INR 24.75 LPA