List of Top MBA Schools in India: Rankings, Fees, Average Packages

Are you a student looking for a List of Top MBA Institutes in India to study from, and Formfees is here to help you make the right choice and to help them find the best MBA colleges in India. Check the article below and find out the List of Top MBA Schools in India: Rankings, Fees, Average Packages, we encourage you to contact us for any Form filling or an admission-related details.

Although in India there are more than 3000 MBA Colleges in India but only a Few are ranked among the NIRF Ranking and gets the tag for the “Best Colleges in India for MBA”, also these Top MBA Institutes in India are some of the best due to the factors including the placement opportunities, infrastructure, facilities, world-class Facilities, etc. 

Below is a list of Top MBA Schools in India, out of which most of which are privately owned or public/governmental organizations, and a few of which are public-private ventures. 

And if you would like to study in the Top MBA Institutes in India in 2023-24 there are some protocols that need to be followed such as the entrance exams, some of them are CAT, XAT, and CMAT exams. 

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc., are among the best MBA colleges in India according to NIRF ranking 2023. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc. and all these Elite BSchools require entrance exams like CAT.

Latest Notification:

• CAT Admit Card 2023 is available now, released on November 7. Candidates can download it from the official website. Also check the List of Colleges Accepting CAT Scores.

The following table contains a list of institutes with their ranking, official website, and cut-off percentile (approximate):

MBA Colleges through CAT Score 

Institutes with Rating “A+ or A"	Website	Expected cut Offs (Percentile)
Dept. of Financial Studies, Univ. of Delhi, New Delhi	www.mfc.edu	*95+
Great Lakes Institute of Management, Chennai	www.greatlakes.edu.in	80+
IIT, Delhi	www.iitd.ac.in	90+
IIT, Kanpur	www.iitk.ac.in	85+
IIT, Kharagpur	www.iitkgp.ac.in	90+
IIT, Madras	www.iitm.ac.in	85+
IIT, Mumbai	www.som.iitb.ac.in	90+
IIT, Roorkee	www.iitr.ac.in	94+
Institute of Management Technology - Ghaziabad	www.imt.edu	90+
Jamna Lal Bajaj Institute of Mgt Studies, Mumbai	www.jbims.edu	95+
K.J. Somaiya Inst. Mgt. & Research, Mumbai	www.somaiya.edu	CAT- 87+, XAT- 75+, CMAT- 97+
National Institute of Industrial Engineering, Mumbai	www.nitie.edu	86+
T.A. Pai Management Institute, Manipal	www.tapmi.edu.in	85+
Fore School of Management, New Delhi	www.fsm.ac.in	85+
Mudra Institute of Communications, Ahmedabad	www.mica.ac.in	80+
Welingkar Institute of Mgt Dev. & Research, Mumbai	www.welingkar.org	80+
Nirma University - Inst.of Management, Ahmedabad	www.nirmauni.ac.in/imnu	80+
Loyola Institute of Business Administration, Chennai	liba.edu	80+
MDI Gurgaon	www.mdi.ac.in	94+
Lal Bahadur Institute of Management, Delhi	www.lbsim.ac.in	85+
IMI Delhi	www.imi.edu	*85+
IMT Hyderabad	www.imthyderabad.edu.in	70+
SDA Bocconi Asia Center, Mumbai	sdabocconiasiacenter.com	85+
University Business School - PU, Chandigarh	ubs.puchd.ac.in	85+

MBA Colleges through CAT Score and other Institutes with a B+ or B rating

Institutes with Rating “B+ or B"	Website	Expected Cut Offs(Percentile)
Birla Institute of Mgt & Technology, Greater Noida/Bhubaneshwar	www.bimtech.ac.in	*70+
Department of Mgt Sciences, University of Pune (PUMBA)	www.pumba.in	85+
IMS Ghaziabad	www.ims-ghaziabad.ac.in	75+
Indus Business Academy, Bangalore / Greater Noida	www.iba.ac.in	CAT- 70+, XAT- 60+, CMAT/ATMA- 80+, MAT- 500 marks
Institute of Finance & International Management, Bangalore	www.ifimbschool.com	75+
International School of Business & Media Pune / Bangalore/ Kolkata	www.isbm.ac.in	60+
IMI - Bhubaneswar	www.imt.edu	70+
ITM Business School, Mumbai	www.itm.edu	*50+
LM Thapar School of Management, Patiala	www.thapar.edu	70+
Mittal School of Business - LPU, Jalandhar	lpu.in	70+
Welingkar Institute of Mgt Dev. & Research, Bengaluru	www.welingkar.org	75+
Pune Institute of Business Mgt, Pune	www.pibm.in	60+
Sydenham Institute of Mgt Studies, Research & Entrepreneurship Education, Mumbai	simsree.org	MHCET- 99+
Symbiosis Department of Health Sciences, Pune	www.sihspune.org	58+
Symbiosis Inst of Computer Studies & Research, Pune	www.sicsr.ac.in	80+
Symbiosis Inst of Media & Comm, Pune	www.simc.edu	70+
Symbiosis Institute of Operations Mgt, Nasik	www.siom.in	85+
Symbiosis School of Media and Communication, Bengaluru	ssmc.edu.in	70+
Symbiosis School Of Sports Sciences, Pune	www.ssss.edu.in	55+
Woxsen School of Business, Hyderabad	www.woxsen.edu.in	70+
Xavier Institute of Mgt & Entrepreneurship, Bangalore	www.xime.org	75+
Xavier Institute of Social Service, Ranchi	www.xiss.ac.in	CAT/XAT- 50+, CMAT-70+
IBS, Hyderabad	www.ibshyderabad.org	IBSAT- 70+, CAT- 60+
Taxila Business School, Jaipur	taxila.in	50+
J K Laxmipat University, Jaipur	www.jklu.edu.in	70+
MDI, Murshidabad	www.mdim.ac.in	70+
ISBR, Bangalore	www.isbr.in	60+

It should be noted that various universities have varied cut-offs for different MBA programs. Based on prior years' patterns, the cut-offs represent the minimal percentile necessary for each MBA program at the institution.

Here are the Top MBA Institutes in India ranked by the NIRF which falls under the category of - Management Ranking 2023:

Top MBA Schools in India NIRF Ranking 2023 (Management) is again ruled by IIM Ahmedabad with a score of 83.20. IIM-Bangalore and IIM-Kozhikode have secured the second and third spots respectively.

 Direct Link: NIRF Management Ranking 2023

Top MBA Institutes in India NIRF Ranking 2023 (MBA): Top 50 Management Institutes/Colleges in India

Rank	Top MBA Institutes in India 2023	State	Score
1	Indian Institute of Management Ahmedabad	Gujarat	83.2
2	Indian Institute of Management Bangalore	Karnataka	80.89
3	Indian Institute of Management Kozhikode	Kerala	76.48
4	Indian Institute of Management Calcutta	West Bengal	75.53
5	Indian Institute of Technology Delhi	Delhi	74.14
6	Indian Institute of Management Lucknow	Uttar Pradesh	74.11
7	National Institute of Industrial Engineering, Mumbai	Maharashtra	71.99
8	Indian Institute of Management Indore	Madhya Pradesh	71.95
9	XLRI-Xavier School of Management	Jharkhand	70.75
10	Indian Institute of Technology Bombay	Maharashtra	68.11
11	Indian Institute of Management Raipur	Chhattisgarh	66.18
12	Indian Institute of Management Rohtak	Haryana	65.88
13	Management Development Institute	Haryana	64.88
14	Indian Institute of Technology Kharagpur	West Bengal	63.92
15	Indian Institute of Technology Madras	Tamil Nadu	62.83
16	Indian Institute of Management Udaipur	Rajasthan	62.78
17	Symbiosis Institute of Business Management	Maharashtra	62.74
18	Indian Institute of Technology Roorkee	Uttarakhand	62.14
19	Indian Institute of Management Kashipur	Uttarakhand	61.07
20	S.P. Jain Institute of Management & Research	Maharashtra	60.91
21	SVKM's Narsee Monjee Institute of Management Studies	Maharashtra	60.84
22	Indian Institute of Management Tiruchirappalli	Tamil Nadu	60.83
23	Indian Institute of Technology Kanpur	Uttar Pradesh	60.63
24	Indian Institute of Management Ranchi	Jharkhand	59.99
25	Jamia Millia Islamia, New Delhi	Delhi	59.78
26	Indian Institute of Management Shillong	Meghalaya	59.12
27	Indian Institute of Foreign Trade	Delhi	58.6
28	Amity University	Uttar Pradesh	58.56
29	Indian Institute of Management Visakhapatnam	Andhra Pradesh	57.57
30	Amrita Vishwa Vidyapeetham	Tamil Nadu	57.02
31	Great Lakes Institute of Management	Tamil Nadu	56.62
32	Lovely Professional University	Punjab	56.44
33	Goa Institute of Management	Goa	56.28
34	International Management Institute	Delhi	56.05
35	National Institute of Technology Tiruchirappalli	Tamil Nadu	56.01
36	Chandigarh University	Punjab	55.98
37	MICA	Gujarat	55.47
38	Institute of Management Technology, Ghaziabad	Uttar Pradesh	55.26
39	UPES	Uttarakhand	54.83
40	ICFAI Foundation for Higher Education, Hyderabad	Telangana	54.29
41	Indian Institute of Management Jammu (IIMJ)	Jammu and Kashmir	54.17
42	T. A. Pai Management Institute Manipal	Karnataka	53.48
43	Indian Institute of Management	Maharashtra	53.41
44	Indian Institute of Technology (Indian School of Mines)	Jharkhand	52.64
45	K J Somaiya Institute of Management Studies and Research	Maharashtra	52.14
46	XIIM University	Odisha	52.09
47	Jaipuria Institute of Management	Uttar Pradesh	51.81
48	Birla Institute of Management Technology	Uttar Pradesh	51.74
49	Thapar Institute of Engineering and Technology (Deemed-to-be-university)	Punjab	51.67
50	Anna University	Tamil Nadu	51.67

MBA Cost in India

MBA fees in India range from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA College Fees in India range-wise also know the reason why MBA fee structure varies from one institute to another.

• MBA Cost in India: Top MBA colleges in India other than IIMs
• MBA Cost in India under INR 10 lakh
• MBA Cost in India under INR 5 lakh
• MBA Cost in India under INR 1 lakh

MBA Cost in India: Top MBA Colleges in India other than IIMs

Moving forward the MBA Cost in India mainly depends on the MBA College or the specialization you opt for. Moreover, the Top MBA colleges in India other than IIMs can be listed as follows - 

1. FMS Delhi
2. XLRI-Jamshedpur
3. MDI-Gurgaon
4. SPJIMR-Mumbai 
5. IIFT-Delhi. 

The Institutions are mainly considered the best for the fact that they provide the best of infrastructure, faculty, pedagogy, international exposure and placements. MBA Cost in India of these B-schools range from INR 11 to INR 30 lakh.  However,  an exception here is FMS-Delhi whose fee is INR 1.92 lakh. 

Take a look at MBA Cost in India: Top MBA Colleges in India other than IIMs.

B-School	Course Name	Fees
FMS-Delhi	MBA	INR 1.92 lakh
XLRI Jamshedpur-Xavier School of Management	PGDM	INR 23.15 lakh
MDI-Gurgaon	PGPM	INR 24 to 28 lakh
SPJIMR-Mumbai	PGDM	INR 23.50 lakh
IIFT-New Delhi	MBA International Business	INR 21.77 lakh
ISB-Hyderabad	PGPM	INR 38 to 41 lakh
Symbiosis Institute Of Business Management-Pune	MBA	INR 24.59 lakh
Jamnalal Bajaj Institute of Management Studies-Mumbai	MMS	INR 6.00 lakh
IMI-Delhi	PGDM	INR 18.20 lakh
NMIMS Mumbai-School of Business Management	MBA	INR 11.90 to 24.00 lakh

MBA Cost in India under INR 10 lakh

Now looking at the MBA Cost in India under INR 10 lakh are the departments of management studies of IITs. 

Where the MBA programmes offenders are not only economical as compared to private B-Schools but are also highly ranked in the annual ranking by MHRD-NIRF. 

Take a look at Colleges with MBA Fees of less than INR 10 lakh:

B-School	Course Name	Fees
IIT Delhi - Department of Management Studies	MBA Telecommunication Systems Management	INR 8.080 lakh
IIT Bombay - Shailesh J. Mehta School of Management	MBA	INR 8.32 lakh
IIT Kharagpur-Vinod Gupta School of Management	MBA	INR 9.30 lakh
BITS-Pilani	MBA	INR 9.26 Lakh
IIT Roorkee	MBA	INR 6.23 lakh
IIT Delhi - Department of Management Studies	MBA	INR 8.80 lakh

NOTE: The Fee structure changes every year so please contact Formfees for any details. 

MBA Cost in India under INR 5 lakh

Well we understand how important it is to have education that is why we have listed the MBA colleges in this fee range including popular institutes like 

1. Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai
2. Christ University, Bangalore
3. International School of Management and Research-ISMR
4. CU - Chandigarh University
5. Indira Institute of Management - IIMP.

Take a look at Colleges with MBA Fees of less than INR 5 lakh:

B-school	MBA/PGP Course Name	Fees
Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai	PGP Media and Entertainment Management	INR 3.00 lakh
Christ University, Bangalore	MBA Leadership and Management	INR 3.80 lakh
International School of Management and Research-ISMR	MBA	INR 3.20 lakh
CU - Chandigarh University	MBA Tourism and Hospitality Management	INR 4.00 lakh
Indira Institute of Management - IIMP	MBA	INRs 4.00 lakh

MBA Cost in India under INR 1 lakh

There are mostly departments of management studies of central or state universities with MBA fees under INR 1 lakh. These institutes are recognized by the University Grants Commission (UGC) despite their low fees. Take a look at some of the popular MBA Costs in India under INR 1 lakh.

B-school	Course Name	Fees
Jamia Millia Islamia-JMI	MBA in International Business	INR 33,170
WE School-Prin. L. N. Welingkar Institute of Management Development and Research	PGP Foreign Trade Management	INR 94,400
BK School of Business Management	MBA in Maritime Management	INR 80,000
Amity University	PGD in Health and Wellness Management	INR 54,000
Department of Financial Studies, University of Delhi	MBA in Financial Management	INR 26,000
Institute of Management Studies, Banaras Hindu University	MBA in International Business	INR 98,888
Maharshi Dayanand University-MDU	Master of Hotel Management and Catering Technology	INR 84,468
Tata Institute of Social Sciences, Mumbai	PG Diploma in Community Media	INR 40,600
University Business School, Chandigarh-Panjab University	MBA HRM	INR 60,000
Vishwa Vishwani School of Business	MBA	INR 54,000

Top 10 Management Colleges in India Placement-Wise

As shown in the chart below, the average salary for top B-schools has gone up over Rs. 30.0 lakhs per annum (LPA) for all these top B-schools according to MBA Placements Report 2023.. Despite this, IIMA ranks high among the Top 10 Management Colleges in India placement-wise based on its average salary in 2022. 

Rank	Top MBA Colleges in India	Average Salary (LPA)	Highest Salary (LPA)
1	Indian Institute of Management Ahmedabad (IIM Ahmedabad)	32.79 lakhs	105 lakhs
2	Indian Institute of Management Bangalore (IIM Bangalore)	33.80 lakhs	80 lakhs
3	Indian Institute of Management Calcutta (IIM Calcutta)	35.07 lakhs	60 lakhs
4	Indian Institute of Management Lucknow (IIM Lucknow)	32.20 lakhs	56 lakhs
5	Indian Institute of Management Kozhikode (IIM Kozhikode)	31.02 lakhs	50 lakhs
6	Indian School of Business (ISB Hyderabad)	34.00 lakhs	80 lakhs
7	SP Jain Institute of Management & Research (SPJIMR Mumbai)	32.05 lakhs	70 lakhs
8	XLRI School of Business & Human Resources (XLRI Jamshedpur)	30.00 lakhs	65 lakhs
9	Indian Institute of Management Indore (IIM Indore)	25.01 lakhs	41.50 lakhs
10	Management Development Institute (MDI Gurgaon)	26.07 lakhs	56 lakhs

Top 20 MBA Colleges in India 2023 – Top Business School

Here is the updated list of the Top 20 MBA Colleges in India in 2023:

Rank	College	Highest Salary (LPA)
1	Indian Institute of Management Ahmedabad (IIM Ahmedabad)	+1 Crore
2	Indian Institute of Management Bangalore (IIM Bangalore)	80 lakhs
3	Indian Institute of Management Calcutta (IIM Calcutta)	60 lakhs
4	Indian Institute of Management Lucknow (IIM Lucknow)	56 lakhs
5	Indian Institute of Management Kozhikode (IIM Kozhikode)	50 lakhs
6	Indian School of Business (ISB Hyderabad)	80 lakhs
7	SP Jain Institute of Management & Research (SPJIMR Mumbai)	70 lakhs
8	XLRI School of Business & Human Resources (XLRI Jamshedpur)	65 lakhs
9	Indian Institute of Management Indore (IIM Indore)	41.50 lakhs
10	Management Development Institute (MDI Gurgaon)	56 lakhs
11	National Institute of Industrial Engineering (NITIE Mumbai)	60 lakhs
12	Faculty of Management Studies (FMS Delhi)	46.50 lakhs
13	Jamnalal Bajaj Institute of Management Studies (JBIMS Mumbai)	50 lakhs
14	Indian Institute of Technology (IIT) Delhi	45 lakhs
15	Indian Institute of Technology (IIT) Bombay	50 lakhs
16	Indian Institute of Management Rohtak	35 lakhs
17	Indian Institute of Management Tiruchirappalli	35 lakhs
18	Indian Institute of Management Visakhapatnam	35 lakhs
19	Indian Institute of Management Amritsar	35 lakhs
20	Indian Institute of Management Nagpur	35 lakhs

Frequently Asked Questions about List of Top MBA Schools in India

Q. In which month will CAT 2023 be held?

Ans. The CAT Exam is going to be held on 26 November 2023

This time IIM Lucknow is the conducting body of the CAT 2023 exam. The CAT registration process was from 2nd August 2023 (10:00 AM) till 13th September 2023( 5: 00 PM), which is over. But The CAT 2023 will be conducted on 26 November 2023 (the last Sunday of November 2023).

Q. How many attempts are there for the CAT 2023 Exam?

Ans. There are no specific restrictions on the number of attempts a student can take the CAT exam and on the other hand there is no upper age limit. However, to attempt the CAT you need to have a bachelor's degree from a recognized institution or its equivalent.

Q. What are the best MBA colleges based on CAT scores?

Ans. The best MBA colleges based on CAT scores are: 

Xavier Labour Relations Institute (XLRI), Jamshedpur, Department of Management Studies (DMS), Indian Institute of Technology –Delhi, Department of Management Studies (DMS), Indian Institute of Technology –Madras, Indian Institute of Technology – Kanpur, Amity Business School, Noida, Department of Management Studies - Indian Institute of Technology Delhi, IBS, Hyderabad, and others are among the MBA Colleges through CAT score.

Q. Which MBA college is better, a private or a government college?

Ans. Any MBA institution that is UGC recognized and AICTE approved is beneficial since they provide the most up-to-date curriculum. However, the applicant must determine which MBA college to attend from among private and public institutions. Private colleges have greater facilities, while government institutions offer lower tuition.