Saurav Anand
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. 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 India | 5,200 (Approximately) |
| Approval Authority for MBA Colleges in India | AICTE (All India Council for Technical Education) UGC (University Grants Commission) MHRD (Ministry of Human Resource Development) |
| Types of MBA Colleges | Government & Private |
| Total Number of IIMs | 20 |
| Admission Process | The 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 India. This 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.
| Grade | Rank | MBA College | City | Program | Exams | Fees | Compare |
|---|---|---|---|---|---|---|---|
| AAA+ | 1 | IIM Bangalore: Indian Institute of Management | Bangalore | Post Graduate Programme in Management (PGP) Leading to MBA Degree | CAT, GMAT | INR 23,20,000 | Add to compare |
| AAA+ | 2 | IIM Ahmedabad: Indian Institute of Management | Ahmedabad | Post Graduate Programme in Management (PGP) | CAT, GMAT | INR 23,00,000 | Add to compare |
| AAA+ | 3 | IIM Calcutta: Indian Institute of Management | Kolkata | Post Graduate Diploma in Management (PGDM) | CAT, GMAT | INR 22,60,000 | Add to compare |
| AAA+ | 4 | IIM Lucknow: Indian Institute of Management | Lucknow | Post Graduate Programme in Management (PGPM) | CAT, GMAT | INR 19,25,000 | Add to compare |
| AAA+ | Not Ranked | XLRI Jamshedpur: Xavier School of Management | Jamshedpur | Post Graduate Diploma in Business Management (PGDM - BM) | XAT, GMAT | INR 23,60,000 | Add to compare |
| AAA+ | Not Ranked | ISB Hyderabad: Indian School of Business | Hyderabad | Post Graduate Programme in Management | GRE, GMAT | INR 22,50,000 | Add to compare |
| AAA | 5 | IIM Kozhikode: Indian Institute of Management | Kozhikode | Post Graduate Program in Management (PGP) | CAT, GMAT | INR 19,00,000 | Add to compare |
| AAA | 6 | SPJIMR Mumbai: SP Jain Institute of Management and Research | Mumbai | Post Graduate Diploma in Management (PGDM) | CAT, GMAT | INR 19,00,000 | Add to compare |
| AAA | 7 | IIM Indore: Indian Institute of Management | Indore | Post Graduate Programme in Management (PGP) | CAT, GMAT | INR 16,50,000 | Add to compare |
| AAA | 8 | IIFT New Delhi: Indian Institute of Foreign Trade | New Delhi | MBA in International Business | IIFT | INR 18,25,000 | Add to compare |
| AAA | 9 | MDI Gurgaon: Management Development Institute | Gurugram | Post Graduate Programme in Management (PGPM) | CAT, GMAT | INR 20,86,670 | Add to compare |
| AAA | 10 | NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM | Mumbai | Master of Business Administration (MBA) | NMAT | INR 20,80,000 | Add to compare |
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 college | NIRF Ranking 2021 | NIRF Score 2021 |
|---|---|---|
| IIM Ahmedabad | 1 | 83.69 |
| IIM Bangalore | 2 | 83.48 |
| IIM Calcutta | 3 | 80.04 |
| IIM Kozhikode | 4 | 73.34 |
| IIT Delhi | 5 | 72.15 |
| IIM Indore | 6 | 71.1 |
| IIM Lucknow | 7 | 71.02 |
| XLRI, Jamshedpur | 8 | 69.93 |
| IIT Kharagpur | 9 | 69.5 |
| SJMSOM, IIT Bombay | 10 | 68.08 |
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 Colleges | Course Fee (in Rs) |
|---|---|
| IIM Ahmedabad | 23.00 L |
| IIM Bangalore | 18.70 L |
| IIM Calcutta | 10.10 L |
| IIM Kozhikode | 20.50 L |
| IIT Delhi-DoMS | 8.80 L |
| IIM Indore | 17.06 L |
| IIM Lucknow | 5.69 L |
| IIT Kharagpur-VGSOM | 9.26 L |
| IIT Bombay-SJMSOM | 8.67 L |
| IIT Madras-DoMS | 8.00 L |
Top 10 Private Colleges in India
| Private Colleges | Course Fee (in Rs) |
|---|---|
| XLRI Xavier School of Management, Jamshedpur | 23.60 L |
| MDI Gurgaon | 21.34 L |
| NITIE, Mumbai | 11.33 L |
| SPJIMR, Mumbai | 17.87 L |
| Symbiosis Institute of Business Management, Pune | 10.20 L |
| SVKM’s Narsee Monjee Institute of Management Studies | 10.42 L |
| Great Lakes Institute of Management, Chennai | 11.81 L |
| Indian Institute of Foreign Trade, Delhi | 8.85 L |
| International Management Institute, Delhi | 18.34 L |
| ICFAI Business School, Hyderabad | 14.14 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 college | Median Salary | Top Recruiters coming to the college |
|---|---|---|
| Indian Institute of Management, Bangalore | Rs 28.60 LPA (Source: IIM Bangalore placement report) | Urban Clap Aditya Birla Group JP Morgan Asian paints American Express |
| Indian Institute of Management, Calcutta | Rs 27.67 LPA (Source: IIM Kolkata placement report) | Dabur Whirlpool Nokia Dell Oracle Viacom 18 |
| Indian Institute of Management, Ahmedabad | Rs 25 LPA (source: IIM Ahmedabad placement report 2020) | Airtel Accenture Grofers Flipkart Microsoft HSBC |
| Indian Institute of Management, Lucknow | Rs 23.5 LPA (Source: IIM Lauknow placement report) | Axis Bank Ebay Coca-cola Yahoo Cadbury Godrej |
| Indian Institute of Technology, Kharagpur | 17.12 LPA (Source: VGSOM Placement Report) | UBS VISA EXL Services 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 College | NIRF Ranking 2021 | NIRF Score 2021 |
|---|---|---|
| IIM Ahmedabad | 1 | 83.69 |
| IIM Bangalore | 2 | 83.48 |
| IIM Calcutta | 3 | 80.04 |
| IIM Kozhikode | 4 | 73.34 |
| Department of Management Studies (DMS) IIT Delhi, Delhi | 5 | 72.15 |
| IIM Indore | 6 | 71.1 |
| IIM Lucknow | 7 | 71.02 |
| XLRI, Jamshedpur | 8 | 69.93 |
| IIT Kharagpur | 9 | 69.5 |
| SJMSOM, IIT Bombay | 10 | 68.08 |
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 College | Average Annual Fee (in Rs) | Average Placement Package (in Rs) |
|---|---|---|
| IIM Ahmedabad | 23 L | 26 LPA |
| IIM Bangalore | 23 L | 25 LPA |
| IIM Calcutta | 23 L | 27 LPA |
| IIM Kozhikode | 20 L | 22.50 LPA |
| IIT Delhi | 9.6 L | 18.47 LPA |
| IIM Indore | 15 L | 22.92 LPA |
| IIM Lucknow | 19 L | 24.25 LPA |
| XLRI Jamshedpur | 23 L | 18.80 LPA |
| IIT Kharagpur | 10 L | 18.00 LPA |
| IIT Bombay | 8.67 L | 21.96 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 Name | The Times MBA Ranking 2021 |
|---|---|
| XLRI Jamshedpur | 1 |
| IIM Raipur | 2 |
| IIM Udaipur | 3 |
| IIM Shillong | 4 |
| IMT Ghaziabad | 5 |
| IIM Kashipur | 6 |
| KJ Somaiya Institute of Management | 7 |
| ISB Hyderabad | 8 |
| IIT Kharagpur | 8 |
| IIT Delhi | 9 |
| SIBM Pune | 10 |
| Amity Business School Noida | 11 |
| Institute of Rural Management, Anand | 12 |
| Xavier Institute of Management, Bhubaneswar | 13 |
| Lal Bahadur Shastri Institute of Management | 14 |
| ISB&M, Pune | 15 |
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 Name | The India Today Ranking 2021 |
|---|---|
| Indian Institute Of Management - [IIMA], Ahmedabad | 1 |
| Indian Institute of Management - [IIM], Calcutta | 2 |
| Indian Institute of Management - [IIM], Bangalore | 3 |
| SP Jain Institute of Management and Research | 4 |
| DMS IIT Delhi | 5 |
| Indian Institute of Management - [IIM], Indore | 6 |
| MDI Gurgaon | 7 |
| Indian Institute of Management - [IIMK], Kozhikode | 8 |
| FMS Delhi | 9 |
| 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 Name | College Cutoff |
|---|---|
| IIM Bangalore cutoff | 99-100 percentile |
| IIM Ahmedabad cutoff | 98-99 percentile |
| IIM Calcutta cutoff | 98-99 percentile |
| IIM Lucknow cutoff | 98-99 percentile |
| IIT Kharagpur cutoff | 90-95 percentile |
| IIM Kozhikode cutoff | 95-98 percentile |
| IIM Indore cutoff | 95-98 percentile |
| IIT Delhi cutoff | 90-95 percentile |
| XLRI Jamshedpur cutoff | 92-94 percentile |
| MDI Gurgaon cutoff | 94-98 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 India | Average Annual Fees(INR) |
|---|---|
| IIM Bangalore Fee | 23,00,000 |
| IIM Calcutta Fee | 23,00,000 |
| IIM Ahmedabad Fee | 23,00,000 |
| SPJIMR Mumbai Fee | 19,00,000 |
| XLRI Xavier School of Management Fee | 12,90,000 |
| IIM Indore Fee | 17,01,000 |
| MDI Gurgaon – Management Development Institute | 18,86,000 |
| FMS Delhi Fee | 96,000 |
| Indian School of Business (ISB) Fee | 36,30,000 |
| IIM Lucknow Fee | 19,25,000 |
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 Names | MBA Fees |
|---|---|
| IIM Ahmedabad Fee | INR 23,00,000 |
| IIM Lucknow Fee | INR 20,10,000 |
| IIM Udaipur Fee | INR 21,00,000 |
| IIM Ranchi Fee | INR 17,60,000 |
| IIT Kharagpur Fee | INR 1,64,558 |
| IIT Delhi Fee | INR 10,24,000 |
| NITIE Mumbai Fee | INR 14,60,000 |
| IIFT New Delhi Fee | INR 18,78,000 |
| Symbiosis Pune Fee | INR 5,60,000 |
| MDI Gurgaon Fee | INR 18,86,000 |
| Narsee Monjee Mumbai Fee | INR 6,44,000 |
| XLRI Jamshedpur Fee | INR 26,80,000 |
| SP Jain Mumbai Fee | INR 21,42,000 |
| IIT Roorkee Fee | INR 4,28,000 |
| IIT Bombay Fee | INR 1,00,000 |
| IIT Madras Fee | INR 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, ISB, SPJIMR, FMS 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
- FMS Delhi - Faculty of Management Studies University of Delhi.
- JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies.
- PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University.
- 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 Colleges | NIRF Rankings 2021 |
|---|---|
| Indian Institute of Management Ahmedabad | 1 |
| Indian Institute of Management Bangalore | 2 |
| Indian Institute of Management Calcutta | 3 |
Q. Which is the cheapest MBA college in India?
Ans. Cheapest colleges to study MBA courses in India - Placement
| Name of the college | Average/Median Salary (in Rs.) |
|---|---|
| Delhi School of Economics, DU | - |
| Tata Institute of Social Sciences (TISS), Mumbai | Rs. 4.80 lakhs |
| Pune University Department of Management Sciences (PUMBA) | - |
| FMS BHU | Rs. 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 Fees | Programme Fee |
|---|---|
| SIMSREE, Mumbai | Rs. 1,36,000 |
| Jamna Lal Bajaj Institute of Management studies (JBIMS) | Rs. 6,00,000 |
| BITS Pilani | Rs. 9,00,00 |
| UBS Chandigarh-Panjab University | Rs. 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-School | Course Name | **Fees |
|---|---|---|
| FMS-Delhi | MBA | INR 20,960 |
| XLRI Jamshedpur-Xavier School of Management | PGDM | INR 23.60 lakh |
| MDI-Gurgaon | PGPM | INR 19.80 lakh |
| SPJIMR-Mumbai | PGDM | INR 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.
