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Best university for MBA in India
Best university for MBA in India

Best University for MBA in India

A Master of Business Administration (MBA) degree is an advanced postgraduate course, and mastering the skills needed to succeed in it requires careful thought.

 Saurav Anand
 Saurav Anand 26/09/2022
26/09/2022
Digital Marketer | Content Specialist & Researcher | Content Marketing @FormsADDA @Formfees- Empowering individuals to unlock the potential of their businesses through the limitless opportunities...read more

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Best University for MBA in India - Looking to get into the Best University for MBA in India?, if yes then read below the List of Top 10 MBA Colleges in India with Fee Structure.

There are a number of top MBA colleges in India that offer MBA degrees with an average annual fee of INR 50,000 to INR 30,000. In India's top IIMs and private MBA colleges, the average MBA fee generally ranges from INR 20 lakhs to 23 lakhs annually. The following is a list of the top 10 MBA colleges in India, along with their fee structures.

And please NOTE - The Fees Structure changes year by year, so contact us for details related to Fees or for other services.

Master of Business Administration (MBA) degree is an advanced postgraduate course, and mastering the skills needed to succeed in it requires careful thought. The MBA is a degree that provides necessary skills to design, implement and monitor business strategies. The MBA also broadens your understanding of the wider business environment. The best University for MBA in India offer courses that provide the theoretical and practical application of management principles for achieving professional success.

The top MBA colleges in India based on the MHRD-NIRF ranking 2021 are IIM Ahmedabad, IIM Calcutta, IIM Bangalore, IIM Kozhikode, and IIM Indore. In addition to the Top 10 B-Schools listed by NIRF, Outlook, India Today, and Business Today, other popular B-Schools include MDI Gurgaon, XLRI Jamshedpur, IMI, IMT, VIT, SPJIMR, Fore School of Management, and the Department of Management Studies of the IITs.

Among the top MBA colleges in India, a few are consistently ranked as the best in the world. For example, the ISB was ranked fifth in Bloomberg Businessweek’s Asia-Pacific B-Schools ranking 2021, while IIM Bangalore was ranked sixth.

10 Best University for MBA in India with Fee structure

RankMBA CollegeCityProgramExamsFees
1IIM Bangalore: Indian Institute of ManagementBangalorePost Graduate Programme in Management (PGP) Leading to MBA DegreeCAT, GMATINR 23,20,000
2IIM Calcutta: Indian Institute of Management KolkataMaster of Business Administration (MBA)CAT, GMATINR 22,60,000
3IIM Ahmedabad: Indian Institute of Management AhmedabadPost Graduate Programme in Management (PGP)CAT, GMATINR 23,00,000
4SPJIMR Mumbai: SP Jain Institute of Management and Research MumbaiPost Graduate Diploma in Management (PGDM)CAT, GMATINR 20,42,000
5IIM Kozhikode: Indian Institute of Management KozhikodePost Graduate Program in Management (PGP)CAT, GMATINR 19,00,000
6XLRI Jamshedpur: Xavier School of Management JamshedpurPost Graduate Diploma in Business Management (PGDM - BM)XAT, GMATINR 23,60,000
7IIM Lucknow: Indian Institute of Management LucknowPost Graduate Programme in Management (PGPM)CAT, GMATINR 19,25,000
NotRankedISB Hyderabad: Indian School of Business HyderabadPost Graduate Programme in ManagementGRE, GMATINR 22,50,000
8IIM Indore: Indian Institute of Management IndorePost Graduate Programme in Management (PGP)CAT, GMATINR 21,07,000
9FMS New Delhi Faculty of Management Studies New DelhiMaster of Business Administration (MBA)CATINR 1,92,000
IIM Bangalore

IIM Bangalore

Approvals & Accreditation - EQUIS Location - Bangalore
Course

MBA

Fees

24.5 Lakhs

 IIM Calcutta

IIM Calcutta

Approvals & Accreditation - AACSB, EQUIS, AMBA Location - Calcutta, West Bengal
Course

MBA

Fees

27 Lakhs

IIM Ahmedabad

IIM Ahmedabad

Approvals & Accreditation - MHRD Location - Ahmedabad, Gujarat
Course

MBA

Fees

24.61 Lakh

NOTE - The Ranking is not as per the NIRF

Top MBA Colleges in India Highlights

The MBA programme offers a wide range of job and entrepreneurial opportunities. Business administration and operations are important aspects of running an organization, and this course provides training and knowledge in these areas. In addition to developing communication skills, the MBA programme develops leadership characteristics.

The MBA program is open to students from all backgrounds, including science, commerce, and humanities. Among all MBA programs, the full-time MBA is most popular and includes theory classes, practical projects, and internships. Full-time MBAs are popular among recent graduates and candidates with some work experience. Over 5,000 MBA colleges in India offer courses in various specialisations. While some B-Schools offer MBA degrees, others offer PG diplomas (PGDM/PGPM). Here is the highlights: Top MBA Colleges in India.

Total MBA Colleges in India5,200 (Approximately)
Approval Authority for MBA Colleges in IndiaAICTE (All India Council for Technical Education)

UGC (University Grants Commission)

MHRD (Ministry of Human Resource Development)
Types of MBA CollegesGovernment & Private
Total Number of IIMs20
Admission ProcessThe admission to top MBA colleges in India is done based on merit obtained by the candidates in the qualifying exam or one of the following state/ national level entrance exam scores are CAT, MAT, CMAT, ATMA, NMAT, MAH MBA CET. Some private institutions may also conduct their entrance exam for admission.

Top 10 MBA Colleges in India 

Here is the list of Top 10 MBA Colleges in IndiaThis Top 10 MBA Colleges in India is selected based on rankings, fees structure, placement report and more. You will get to know the details of Top 10 MBA colleges in India.

GradeRankMBA CollegeCityProgramExamsFeesCompare
AAA+1IIM Bangalore: Indian Institute of ManagementBangalorePost Graduate Programme in Management (PGP) Leading to MBA DegreeCAT, GMATINR 23,20,000Add to compare
AAA+2IIM Ahmedabad: Indian Institute of ManagementAhmedabadPost Graduate Programme in Management (PGP)CAT, GMATINR 23,00,000Add to compare
AAA+3IIM Calcutta: Indian Institute of ManagementKolkataPost Graduate Diploma in Management (PGDM)CAT, GMATINR 22,60,000Add to compare
AAA+4IIM Lucknow: Indian Institute of ManagementLucknowPost Graduate Programme in Management (PGPM)CAT, GMATINR 19,25,000Add to compare
AAA+Not
Ranked
XLRI Jamshedpur: Xavier School of ManagementJamshedpurPost Graduate Diploma in Business Management (PGDM - BM)XAT, GMATINR 23,60,000Add to compare
AAA+Not
Ranked
ISB Hyderabad: Indian School of BusinessHyderabadPost Graduate Programme in ManagementGRE, GMATINR 22,50,000Add to compare
AAA5IIM Kozhikode: Indian Institute of ManagementKozhikodePost Graduate Program in Management (PGP)CAT, GMATINR 19,00,000Add to compare
AAA6SPJIMR Mumbai: SP Jain Institute of Management and ResearchMumbaiPost Graduate Diploma in Management (PGDM)CAT, GMATINR 19,00,000Add to compare
AAA7IIM Indore: Indian Institute of ManagementIndorePost Graduate Programme in Management (PGP)CAT, GMATINR 16,50,000Add to compare
AAA8IIFT New Delhi: Indian Institute of Foreign TradeNew DelhiMBA in International BusinessIIFTINR 18,25,000Add to compare
AAA9MDI Gurgaon: Management Development InstituteGurugramPost Graduate Programme in Management (PGPM)CAT, GMATINR 20,86,670Add to compare
AAA10NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBMMumbaiMaster of Business Administration (MBA)NMATINR 20,80,000Add to compare
v
XLRI Jamshedpur

XLRI Jamshedpur

Approvals & Accreditation - AICTE, AIU, GOI Location - Jamshedpur, Jharkhand
Course

PGDM

Fees

26 Lakhs

SP Jain Mumbai

SP Jain Mumbai

Approvals & Accreditation - AICTE, NBA, AACSB, AMBA Location - Mumbai, Maharastra
Course

PGDM

Fees

20.42 lakhs

Top 10 MBA Colleges in India with Fee structure | Government MBA Colleges in India

The List consists of 8 Top MBA Colleges in India with Fee structure, The selection of Government MBA Colleges in India comprises the most esteemed, leading, and Top MBA institutions in India.

The Top government MBA Colleges in India provide favorable prospects for employment, ensuring a high return on investment. These institutions have a distinguished faculty including individuals with extensive qualifications and experience.

Presented here are a selection of Government MBA Colleges in India with Fee Structure:

Government MBA Colleges in India with Fee Structure Average MBA Fees(INR)
IIM Bangalore24,50,000
IIM Indore21,14, 222
Jamia Millia Islamia, New Delhi47,000
NITIE Mumbai13,43,000
IIFT New Delhi21,77,000
IIT Delhi10,25,000
IIT Bombay1,00,000
NIT Trichy2,62,000

Top 10 MBA Colleges in India with Fee structure | Top Private MBA Colleges in India

In India, there are around 3969 recognized private MBA colleges. The top private MBA colleges in India provide high-quality education, facilities, infrastructure, and good placements.

Below is a list of some of the top private MBA colleges in India with fee structures.

College/ University NameTotal MBA Fees(INR)
Xavier Labour Relations Institute (XLRI), Jamshedpur21,70,000
Management Development Institute, Gurugram23,47,400
Symbiosis Institute of Business Management (SIBM), Pune24,59,000
Narsee Monjee Mumbai21,90,000
ISB Hyderabad36,30,000
S. P. Jain Institute of Management & Research, Mumbai20,42,000
Great Lakes Institute of Management, Chennai18,75,000
Symbiosis Center for Management and Human Resource Development, Pune21,90,000
ICFAI Foundation for Higher Education, Hyderabad16,02,000
Kalinga Institute of Industrial Technology - KIIT, Bhubaneswar7,25,000
Prin LN Welingkar Institute of Management Development and Research (WESCHOOL), Mumbai13,00,000

Top MBA Colleges in India with NIRF Ranking 2021

Under the National Institutional Ranking Framework, or NIRF, the Ministry of Education, Government of India, publishes an annual ranking of the top MBA colleges in India. The all-India ranking is given to the top 100 MBA colleges in India based on a variety of criteria, including teaching, learning, and resources, research and professional practises, graduation outcomes, outreach and inclusivity, and perception. On September 9, the NIRF rankings for top MBA colleges in India for 2021 were released.

The following is a list of the top 10 MBA colleges in India, according to the NIRF ranking for 2021.

Name of the CollegeNIRF Ranking 2021NIRF Score 2021
IIM Ahmedabad183.69
IIM Bangalore283.48
IIM Calcutta380.04
IIM Kozhikode473.34
IIT Delhi572.15
IIM Indore671.1
IIM Lucknow771.02
XLRI, Jamshedpur869.93
IIT Kharagpur969.5
SJMSOM, IIT Bombay1068.08

Top MBA Colleges in India with Fees

This is an important factor that influences student selection during admissions. Many students research the top MBA colleges in India with fees in order to better understand and prepare for admissions. There are over 3,000 private MBA colleges, over 500 Public/Government MBA colleges in India , and approximately 70 public private MBA colleges in India. The top MBA colleges in India, both private and public, with their fees structure are listed below.

Top 10 Government MBA Colleges in India

Public CollegesCourse Fee (in Rs)
IIM Ahmedabad23.00 L
IIM Bangalore18.70 L
IIM Calcutta10.10 L
IIM Kozhikode20.50 L
IIT Delhi-DoMS8.80 L
IIM Indore17.06 L
IIM Lucknow5.69 L
IIT Kharagpur-VGSOM9.26 L
IIT Bombay-SJMSOM8.67 L
IIT Madras-DoMS8.00 L

Top 10 Private Colleges in India

Private CollegesCourse Fee (in Rs)
XLRI Xavier School of Management, Jamshedpur23.60 L
MDI Gurgaon21.34 L
NITIE, Mumbai11.33 L
SPJIMR, Mumbai17.87 L
Symbiosis Institute of Business Management, Pune10.20 L
SVKM’s Narsee Monjee Institute of Management Studies10.42 L
Great Lakes Institute of Management, Chennai11.81 L
Indian Institute of Foreign Trade, Delhi8.85 L
International Management Institute, Delhi18.34 L
ICFAI Business School, Hyderabad14.14 L

Best University for MBA in India: IIMs in India 2023

The Indian Institute of Management (IIMs) are widely recognized as esteemed institutions for management education in India. These institutes provide a range of management programs, including Master of Business Administration (MBA), Bachelor of Business Administration (BBA), Post Graduate Diploma in Management (PGDM), and others.

The premier Indian Institutes of Management (IIMs) provide a superior standard of education, well-developed infrastructure, comprehensive facilities, and lucrative employment opportunities with high-placement packages.

India is home to over 20 Indian Institutes of Management (IIMs), a majority of which hold prestigious positions among the highest-ranked institutions for Master of Business Administration (MBA) programs in the country.

The chart shown below provides an overview of the leading Indian Institutes of Management (IIMs) in India, as per the National Institutional Ranking Framework (NIRF) Ranking for the year 2023. Additionally, the table includes information on the cost structure associated with each institution.

NIRF Ranking 2023College NameTotal Fees (INR)
1IIM Ahmedabad23,00,000
2IIM Bangalore23,00,000
4IIM Calcutta23,00,000
3IIM Kozhikode20,50,000
6IIM Lucknow20,75,000
8IIM Indore21,14,222
11IIM Raipur15,49,360
12IIM Rohtak19,55,000
16IIM Udaipur17,50,000
19IIM Kashipur15,42,000
22IIM Tiruchirappalli16,50,000
24IIM Ranchi17,50,000
26IIM Shillong14,60,000
29IIM Visakhapatnam16,79,920
41IIM Jammu17,15,000
43IIM Nagpur18,00,000
51IIM Amritsar16,00,000
53IIM Bodh Gaya15,75,000
58IIM Sambalpur10,65,000
98IIM Sirmaur15,75,000

Top 10 Best University for MBA in India with Fee structure except for IIM

MBA is the most popular course amongst students and can be pursued at several colleges in India. Here is the list of the Top 10 MBA Colleges in india with Fee structure except for IIM, according to NIRF rankings.

NIRF 2023 RankingTop 10 MBA Colleges in india with Fee structureTotal Fees (INR)
5Indian Institute of Technology Delhi9,60,000
9Xavier Labour Relations Institute (XLRI), Jamshedpur21,70,000
7National Institute of Industrial Engineering, Mumbai13,43,000
10Indian Institute of Technology Bombay9,64,300
13Management Development Institute, Gurugram23,47,000
14Indian Institute of Technology Kharagpur9,29,300
15Indian Institute of Technology Madras10,99,000
17Symbiosis Institute of Business Management, Pune24,59,000
18Indian Institute of Technology Roorkee8,28,000
23Indian Institute of Technology Kanpur2,98,650

Top 10 Best University for MBA in India Fee structure: Online MBA Colleges in India

Many Top 10 MBA Colleges in india with Fee structure  now started offering Online MBAs due to pandemics and accessibility. Students unable to attend regular classes can pursue an Online MBA. Check out the top Online MBA colleges in India with average annual fees.

Best University for MBA in India with feesOnline MBA Fees
Amity University, NoidaINR 13,44,000
Jaipur National University, JaipurINR 2,59,000
Jaipuria Institute of Management, NoidaINR 13,50,000
Indira Gandhi National Open University (IGNOU), DelhiINR 3,06,800
Pondicherry University, Directorate of Distance EducationINR 24,925
National Institute Of Business Management, ChennaiINR 44,000
NMIMS Global Access School for Continuing Education, MumbaiINR 1,44,000
ITM University OnlineINR 2,90,500
LN Welingkar WeSchool, MumbaiINR 13,00,000
Dr. DY Patil Center for Online LearningINR 4,20,000

Top MBA Colleges in India - Placement Wise

The placement offered by MBA colleges in India is one of the factors considered by students. It is also an important consideration when considering admissions. The top MBA colleges in India have a high rate of placement. Students can also look at the top 10 MBA colleges in India  placement. The specifics are listed in the table below.

Name of the collegeMedian SalaryTop Recruiters coming to the college
Indian Institute of Management, BangaloreRs 28.60 LPA (Source: IIM Bangalore placement report)Urban Clap

Aditya Birla Group

Google

JP Morgan

Asian paints

American Express
Indian Institute of Management, CalcuttaRs 27.67 LPA (Source: IIM Kolkata placement report)Dabur

Whirlpool

Nokia

Dell

Oracle

Viacom 18
Indian Institute of Management, AhmedabadRs 25 LPA (source: IIM Ahmedabad placement report 2020)Airtel

Accenture

Grofers

Flipkart

Microsoft

HSBC
Indian Institute of Management, LucknowRs 23.5 LPA (Source: IIM Lauknow placement report)Axis Bank

Ebay

Coca-cola

Yahoo

Cadbury

Godrej
Indian Institute of Technology, Kharagpur17.12 LPA (Source: VGSOM Placement Report)UBS

VISA

Facebook

EXL Services

Linkedin

Morgan Stanley

Best University for MBA in India Placement wise

If there is one factor that decides the popularity and rankings of a B-school, it is indeed Placements! So, it’s no surprise that when it comes to taking final admission decisions MBA aspirants want to analyze the latest MBA placement trends below you can check the MBA Placements 2023. 

Below you can check the MBA Placements 2023 Trends and also from the previous year data 

Top 20 B-schools MBA Placements 2023  

Top MBA College by Average SalaryMBA Average Salary 2023
IIM BangaloreRs. 35.31 LPA
IIM CalcuttaRs. 35.07 LPA
FMS DelhiRs. 34.10 LPA
ISB HyderabadRs. 34.21 LPA
IIM AhmedabadAwaited
SPJIMR MumbaiRs. 33.02 LPA
XLRI JamshedpurRs. 32.70 LPA
IIM LucknowRs. 32.20 LPA
IIM KozhikodeRs. 31.02 LPA
IIM IndoreRs. 30.21 LPA
IIFT Delhi & KolkataRs. 29.10 LPA
SJMSoM IIT BombayRs. 28.88 LPA
JBIMS MumbaiRs. 28.02 LPA
MDI GurgaonRs. 27.67 LPA
TISS MumbaiRs. 27.22 LPA
IIM ShillongRs. 26.96 LPA
SIBM PuneRs. 26.77 LPA
NMIMS MumbaiRs. 26.63 LPA
DMS IIT DelhiRs. 25.82 LPA

Other Top B-Schools by Average Salary in Placement 2023

MBA CollegeAverage Salary 2023
BITSoM MumbaiRs. 23.85 LPA
SCMHRD PuneRs. 23.83 LPA
IIM RaipurRs. 21.04 LPA
IIM TiruchirappalliRs. 20.55 LPA
IIM UdaipurRs. 20.32 LPA
DoMS-IIT MadrasRs. 20.19 LPA
XIM BhubaneswarRs. 20.03 LPA
MICA AhmedabadRs. 20.09 LPA
IIM RohtakRs. 18.73 LPA
IIM KashipurRs. 18.11 LPA
IMT GhaziabadRs. 17.35 LPA
IIM RanchiRs. 17.30 LPA
IMI New DelhiRs. 17.01 LPA
IIM NagpurRs. 16.74 LPA
IIM AmritsarRs. 16.51 LPA
IIM SambalpurRs. 16.64 LPA
IIM JammuRs. 16.43 LPA
IIM Bodh GayaRs. 16.00 LPA
IRMA AnandRs. 15.50 LPA
IIM VisakhapatnamRs. 15.47 LPA
TAPMI ManipalRs. 14.60 LPA
FORE New DelhiRs. 14.50 LPA
Great Lakes ChennaiRs. 14.50 LPA
IIM SirmaurRs.14.45 LPA
SDA Bocconi Asia Center, MumbaiRs. 14.30 LPA
GIM GoaRs. 14.87 LPA
LBSIM New DelhiRs. 12.42 LPA
K J Somaiya Institute of Management, MumbaiRs. 12.23 LPA

Blow is the data from the year MBA Placements 2021-2022

Top 20 B-schools MBA Placements 2021-2022

Top MBA College by Average SalaryMBA Average Salary 2021MBA Average Salary 2022
IIM BangaloreRs.28.98 LPARs. 33.82 LPA
IIM CalcuttaRs. 29.00 LPARs. 34.20 LPA
FMS DelhiRs. 26.20 LPARs. 32.40 LPA
ISB HyderabadRs. 28.21 LPARs. 34.08 LPA
IIM AhmedabadRs. 27.54 LPARs. 32.80 LPA
SPJIMR MumbaiRs. 26.06 LPARs. 32.05 LPA
XLRI JamshedpurRs.25.08 LPARs.30.07 LPA
IIM LucknowRs. 26.00 LPARs. 31.03 LPA
IIM KozhikodeRs. 22.53 LPARs. 29.50 LPA
IIM IndoreRs.23.60 LPARs. 25.01 LPA
IIFT Delhi & KolkataRs.21.08 LPARs. 25.16 LPA
SJMSoM IIT BombayRs.21.96 LPARs. 25.93 LPA
JBIMS MumbaiRs.23.16 LPARs. 27.63 LPA
MDI GurgaonRs.23.15 LPARs. 26.65 LPA
TISS MumbaiRs.19.62 LPARs. 23.97 LPA
IIM ShillongRs.19.17 LPARs. 23.10 LPA
SIBM PuneRs.19.56 LPARs.23.06 LPA
NMIMS MumbaiRs.18.45 LPARs. 23.07 LPA
DMS IIT DelhiRs.18.50 LPARs. 21.90 LPA

MBA Placements 2023 in IIMs

The MBA placements 2023 at the Indian Institutes of Management (IIMs) have witnessed a notable increase in high salary packages. The recently published placement statistics indicate a rise in the average salary offered across all IIMs. The following section outlines the primary trends observed in the placement process at the Indian Institute of Management (IIM).

  • The older Indian Institutes of Management (IIMs) maintain their dominant position. The older Indian Institutes of Management (IIMs) have maintained their prominent positions, exhibiting the highest average income figures in the Placements of 2023. IIM Calcutta has recorded the highest average pay of Rs. 35.07 LPA, followed by IIM Lucknow with an average salary of Rs. 32.20 LPA. IIM Kozhikode closely trails behind with an average salary of Rs. 31.02 LPA, while IIM Indore reports an average salary of Rs. 30.21 LPA. No other Indian Institute of Management (IIM) has achieved an average pay of Rs.30 LPA in placements.
  • The newly established Indian Institutes of Management (IIMs) have demonstrated a notable surge in  MBA placements when compared to their more established counterparts. For instance, IIM Sambalpur has recorded the greatest average income increase of 31.6%, surpassing other institutions. Similarly, IIM Bodhgaya has also had a significant rise in average compensation, with an increase of 29%. Both IIM Indore and IIM Jammu have had a significant increase of 21% in their average wage figures.
  • IIM Ahmedabad to Release  MBA placements Data after IPRS Audit: IIM Ahmedabad follows IPRS standard and will release salary data after Audit in October, even after completing its placement 2023 as early as in February. IPRS initiative was taken by IIMs and other few top B-schools to release Placement data after Audit of Placement reports. IPRS standardizes the data on the placement reports more comparable and reliable.
MBA CollegeAverage Salary 2021 (Rs. in Lakhs)Average Salary 2022 (Rs. in Lakhs)Average Salary 2023 (Rs. in Lakhs
IIM BangaloreRs. 28.98 LPARs. 33.82 LPARs.35.31 LPA
IIM CalcuttaRs. 29.00 LPARs. 34.20 LPARs.35.07 LPA
IIM AhmedabadRs. 27.54 LPARs. 32.80 LPAAwaited
IIM LucknowRs. 26.00 LPARs. 31.03 LPARs.32.20 LPA
IIM KozhikodeRs. 22.53 LPARs. 29.50 LPARs.31.02 LPA
IIM IndoreRs. 23.60 LPARs. 25.01 LPARs.30.21 LPA
IIM ShillongRs. 19.17 LPARs. 23.10 LPARs.26.96 LPA
IIM RaipurRs. 15.11 LPARs. 17.73 LPARs.21.04 LPA
IIM TiruchirappalliRs. 14.85 LPARs. 17.00 LPARs.20.55 LPA
IIM UdaipurRs. 13.42 LPARs. 17.80 LPARs.20.32 LPA
IIM RohtakRs. 13.74 LPARs. 16.06 LPARs.18.73 LPA
IIM KashipurRs. 14.05 LPARs. 15.21 LPARs. 18.11 LPA
IIM RanchiRs. 14.69 LPARs. 16.17 LPARs. 17.30 LPA
IIM NagpurRs. 13.21 LPARs. 14.94 LPARs.16.74 LPA
IIM AmritsarRs. 12.68 LPARs. 14.63 LPARs.16.51 LPA
IIM SambalpurRs. 11.21 LPARs. 12.64 LPARs.16.64 LPA
IIM JammuRs. 10.34 LPARs. 13.53 LPARs.16.43 LPA
IIM Bodh GayaRs.  9.92 LPARs. 12.36 LPARs.16.00 LPA
IIM VisakhapatnamRs. 12.62 LPARs. 14.60 LPARs. 15.47 LPA
IIM SirmaurRs.  9.60 LPARs. 12.74 LPARs. 14.45 LPA

The Top 10 MBA Colleges in India based on the NIRF Ranking 2021

Rankings are also important to consider when choosing the best MBA college in India. MBA colleges in India are ranked based on a variety of ranking factors by a number of ranking agencies. NIRF, Business Today, India Today, Outlook, and Business Today are some of the top Indian agencies that rank MBA colleges in India. Below is a list of MBA colleges in India ranked by agencies.

The NIRF rankings of top MBA colleges in India for 2021 were released on their official website on September 9. The following table shows the NIRF rankings for Top MBA colleges in India for 2021.

Name of the MBA CollegeNIRF Ranking 2021NIRF Score 2021
IIM Ahmedabad183.69
IIM Bangalore283.48
IIM Calcutta380.04
IIM Kozhikode473.34
Department of Management Studies (DMS) IIT Delhi, Delhi572.15
IIM Indore671.1
IIM Lucknow771.02
XLRI, Jamshedpur869.93
IIT Kharagpur969.5
SJMSOM, IIT Bombay1068.08

Top MBA Colleges in India ROI

The Return on Investment (ROI) of the course is a major factor that influences any management institute’s ranking. But what exactly is ROI? ROI is defined as the difference or balance between the course fee and the salary offer after completing the course.

Top MBA colleges in India have a higher ROI than the rest, which is why they are included in all-India rankings by agencies and business magazines. The top MBA colleges in India with average placement package and average annual fee (NIRF rankings 2021) are listed below, along with the and :

Name of the CollegeAverage Annual Fee (in Rs)Average Placement Package (in Rs)
IIM Ahmedabad23 L26 LPA
IIM Bangalore23 L25 LPA
IIM Calcutta23 L27 LPA
IIM Kozhikode20 L22.50 LPA
IIT Delhi9.6 L18.47 LPA
IIM Indore15 L22.92 LPA
IIM Lucknow19 L24.25 LPA
XLRI Jamshedpur23 L18.80 LPA
IIT Kharagpur10 L18.00 LPA
IIT Bombay8.67 L21.96 LPA

Best MBA Colleges in India by Times Rankings 2021

Here are the top MBA Colleges in India as per the Times Rankings 2021

MBA College NameThe Times MBA Ranking 2021
XLRI Jamshedpur1
IIM Raipur2
IIM Udaipur3
IIM Shillong4
IMT Ghaziabad5
IIM Kashipur6
KJ Somaiya Institute of Management7
ISB Hyderabad8
IIT Kharagpur8
IIT Delhi9
SIBM Pune10
Amity Business School Noida11
Institute of Rural Management, Anand12
Xavier Institute of Management, Bhubaneswar13
Lal Bahadur Shastri Institute of Management14
ISB&M, Pune15

Best MBA Colleges in India by India Today Rankings 2021

Here are the top MBA Colleges in India as per India Today Rankings 2021

MBA College NameThe India Today Ranking 2021
Indian Institute Of Management - [IIMA], Ahmedabad1
Indian Institute of Management - [IIM], Calcutta2
Indian Institute of Management - [IIM], Bangalore3
SP Jain Institute of Management and Research4
DMS IIT Delhi5
Indian Institute of Management - [IIM], Indore6
MDI Gurgaon7
Indian Institute of Management - [IIMK], Kozhikode8
FMS Delhi9
Narsee Monjee Institute of Management Studies - NMIMS, Mumbai

Top MBA Colleges in India - Cutoff 

Most aspirants look for top MBA colleges in India cutoffs so that they can prepare and aim for the same. The majority of India’s top MBA colleges accept CAT percentile scores for MBA admissions. MBA aspirants typically target the IIMs first, followed by other top MBA colleges in India. The following is a list of the the top MBA colleges in India Cut Offs.

College NameCollege Cutoff
IIM Bangalore cutoff99-100 percentile
IIM Ahmedabad cutoff98-99 percentile
IIM Calcutta cutoff98-99 percentile
IIM Lucknow cutoff98-99 percentile
IIT Kharagpur cutoff90-95 percentile
IIM Kozhikode cutoff95-98 percentile
IIM Indore cutoff95-98 percentile
IIT Delhi cutoff90-95 percentile
XLRI Jamshedpur cutoff92-94 percentile
MDI Gurgaon cutoff94-98 percentile

Top 10 MBA Colleges in India- Based on Course Fee

Look at the top ten MBA colleges in India along with their average annual fees.

Top MBA Colleges in IndiaAverage Annual Fees(INR)
IIM Bangalore Fee23,00,000
IIM Calcutta Fee23,00,000
IIM Ahmedabad Fee23,00,000
SPJIMR Mumbai Fee19,00,000
XLRI Xavier School of Management Fee12,90,000
IIM Indore Fee17,01,000
MDI Gurgaon – Management Development Institute18,86,000
FMS Delhi Fee96,000
Indian School of Business (ISB) Fee36,30,000
IIM Lucknow Fee19,25,000

MBA Colleges Course Fee

The average annual fees of top MBA colleges in India range between INR 50,000 – 30 Lakhs. Here is the list of top MBA colleges in India along with their course fee in the tabular format below.

College NamesMBA Fees
IIM Ahmedabad FeeINR 23,00,000
IIM Lucknow FeeINR 20,10,000
IIM Udaipur FeeINR 21,00,000
IIM Ranchi FeeINR 17,60,000
IIT Kharagpur FeeINR 1,64,558
IIT Delhi FeeINR 10,24,000
NITIE Mumbai FeeINR 14,60,000
IIFT New Delhi FeeINR 18,78,000
Symbiosis Pune FeeINR 5,60,000
MDI Gurgaon FeeINR 18,86,000
Narsee Monjee Mumbai FeeINR 6,44,000
XLRI Jamshedpur FeeINR 26,80,000
SP Jain Mumbai FeeINR 21,42,000
IIT Roorkee FeeINR 4,28,000
IIT Bombay FeeINR 1,00,000
IIT Madras FeeINR 4,10,000

Top Management Colleges in India Admission Procedure

Before applying to any of top MBA colleges in India, one of the first things to look into is eligibility. Some of the most common eligibility criteria for MBA admissions are as follows:

  • Applicants must have completed their graduation level studies from a recognised university and earned a minimum of 50% as an aggregate mark during that time.
  • Students in their final year of college can also apply for MBA programmes at top colleges in India.

People Also Ask -

Q. Which University MBA is best in India?

Ans. MBAUniverse.com Ranking

IIM Bangalore is ranked No 1 B-school in India. IIM Ahmedabad and IIM Calcutta are ranked No 2 & 3 respectively. In spite of stiff competition from IIMs, Top PGDM B-schools XLRI, SPJIMR, MDI, NMIMS, IMT and IMI have held on to their leadership.

Q. Which university is best for MBA placements?

Ans. According to the Placement Report 2022, of all Top Business Schools IIFT, IIM Kozhikode, SPJIMR, Taxila Business School Jaipur and Great Lakes Chennai have topped the charts by completing placements for their PGDM/MBA program.

Q. Which state in India is best for MBA?

Ans. Uttar Pradesh, is the highest applying state for MBA courses followed by Maharashtra, Madhya Pradesh and Andhra Pradesh.

Q. Which MBA gives highest salary?

Ans. Top Highest-Paying MBA Concentrations

Q. Which type of MBA is best?

Ans. 6 MBA Specializations to Enhance Your Professional Career

Frequently Asked Questions about Best University for MBA in India

Q. Which is the top MBA college in India?

Ans. According to the most recent NIRF rankings, IIM Ahmedabad is the best MBA college in India. IIM Bangalore is ranked second, IIM Calcutta is ranked third, IIM Lucknow is ranked fourth, and IIT-Delhi-DoMS is ranked fifth.

Q. Between a private and a government MBA college, which is better?

Ans. Any MBA college that is UGC recognised and AICTE approved is a good choice because they provide the most up-to-date curriculum. However, the candidate must decide which MBA college to attend from among private and public institutions. Private institutions have better infrastructure, but government institutions have lower fees.

Q. Which are the top MBA colleges in India?

Ans. IIM Bangalore, IIM Ahmedabad, IIM Calcutta, ISB, SPJIMRFMS Delhi, and many more are among the top MBA colleges in India.

Q. How much does MBA in India cost?

Ans. The average tuition fee for top MBA colleges in India is approximately INR 10,68,413 per year.

Q. Is Cat necessary for MBA?

Ans. No, the candidate must have taken the CAT in order to be admitted to IIM-K. Only CAT scores are accepted by IIMs. IIMs do not accept other entrance exam scores or offer direct admission.

Q. Is GMAT accepted in IIM?

Ans. MBA colleges in India that accept the GMAT include IIMs, ISB, SPJIMR, and many other prestigious institutions. If you are an Indian MBA applicant, you can use your GMAT score to apply to MBA programmes both in India and abroad: One-year MBA programmes in India include ISB, IIMs, SPJIMR, XLRI, and Great Lakes.

Q. Is there a government MBA program in India?

Ans. Government MBA Colleges in India 2022

  1. FMS Delhi - Faculty of Management Studies University of Delhi
  2. JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies. 
  3. PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University.
  4. IIM Bangalore - Indian Institute of Management.

Q. Which is the top government college in India for an MBA?

Ans. Top government MBA colleges in India include the IIMs and IITs.

Top Government MBA Colleges in India.

Top MBA CollegesNIRF Rankings 2021
Indian Institute of Management Ahmedabad1
Indian Institute of Management Bangalore2
Indian Institute of Management Calcutta3

Q. Which is the cheapest MBA college in India?

Ans. Cheapest colleges to study MBA courses in India - Placement

Name of the collegeAverage/Median Salary (in Rs.)
Delhi School of Economics, DU-
Tata Institute of Social Sciences (TISS), MumbaiRs. 4.80 lakhs
Pune University Department of Management Sciences (PUMBA)-
FMS BHURs. 7.20 lakhs

Q. Which college is best for MBA low fees?

Ans. Register now for latest MBA Exam & Admissions Updates, contact Formfees for the latest updates

Top MBA college with Low FeesProgramme Fee
SIMSREE, MumbaiRs. 1,36,000
Jamna Lal Bajaj Institute of Management studies (JBIMS)Rs. 6,00,000
BITS PilaniRs. 9,00,00
UBS Chandigarh-Panjab UniversityRs. 38,000

Q. Is CAT necessary for MBA?

Ans. No, CAT or CMAT exam is not compulsory for MBA. There are a host of other MBA entrance exams similar/equivalent to CAT like XAT. Several institutes have their own entrance exams like NMAT for NMIMS, TISS, SNAP for Symbiosis, IIFT, CET for Maharashtra institutes, MICA, etc.

Q. What is the average fees of MBA in India?

Ans. MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program.

MBA fees of top B-Schools other than IIMs.

B-SchoolCourse Name**Fees
FMS-DelhiMBAINR 20,960
XLRI Jamshedpur-Xavier School of ManagementPGDMINR 23.60 lakh
MDI-GurgaonPGPMINR 19.80 lakh
SPJIMR-MumbaiPGDMINR 17.50 lakh

Q. Which country is cheapest for MBA?

Ans. Cheapest Countries for MBA

  • Canada. 
  • Switzerland. 
  • China.
  • Ireland. 
  • Malaysia. 
  • Germany. 
  • Norway. 
  • The Netherlands.

Q. Is Cat necessary for MBA?

Ans. No, CAT or CMAT exam is not compulsory for MBA. There are a host of other MBA entrance exams similar/equivalent to CAT like XAT. Several institutes have their own entrance exams like NMAT for NMIMS, TISS, SNAP for Symbiosis, IIFT, CET for Maharashtra institutes, MICA, etc.

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