Best University for MBA in India
https://formfees.com/article/best-university-for-mba-in-india
Skip to main content
Home  »  MBA/PGDMIndia   »   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 26/09/2022
Best university for MBA in India
Best University for MBA in India Apply Now And Get Upto 80% Discount On Application Form A 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…

Best University for MBA in India

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.

Highlights: Top MBA Colleges in India

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

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

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

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 -

1. Which University MBA is best in India?

Answer. 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.

2. Which university is best for MBA placements?

Answer. 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.

3. Which state in India is best for MBA?

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

4. Which MBA gives highest salary?

Answer. Top Highest-Paying MBA Concentrations

  • Finance.
  • Marketing.
  • Information Technology.
  • Information Security.
  • Human Resources.
  • Healthcare Management.
  • Real Estate.
  • International Business.

5. Which type of MBA is best?

Answer. 6 MBA Specializations to Enhance Your Professional Career

  • MBA in Accounting. An MBA in Accounting prepares graduates to measure, analyze, interpret, and communicate economic data.
  • MBA in Analytics Intelligence.
  • MBA in Healthcare Management. 
  • MBA in Human Resources Management
  • MBA in Management. 
  • MBA in Marketing.

Frequently Asked Questions

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, ISBSPJIMRFMS 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.

People also view:


Best University for MBA in India
Best University for MBA in India