List of Top MBA Colleges in India

List of Top MBA Colleges in India

An MBA degree is a very demanding career option. Pursuing MBA from any top MBA college in India can help you gain a competitive advantage. To pursue an MBA significant resource expenditure and a significant amount of dedication is needed. There are many MBA colleges in India offering MBA courses and placements, thus, getting into one of the top MBA colleges in India is considered a great achievement for MBA aspirants. The below article includes details of the MBA program and the list of top MBA colleges in India.

MBA/ Master of Business Administration is a 2-year postgraduate program that focuses on study and training in the field of business and management. This course provides the participants with the information and skills necessary to effectively operate an organization. It consists of various MBA specializations like organizational behavior, finance, marketing, operations, human resource, as well as corporate communications.  

MBA colleges in India admissions are done based on entrance exams followed by personal interviews and group discussions. The list of top MBA colleges in India entrance exams are;

• CAT
• MAT
• XAT
• GMAT
• CMAT
• NMAT
• ATMA
• IIFT
• IBSAT

Top MBA colleges in India syllabus include Master of Business Administration core subjects that are completed within the 1^st year, then in the 2^nd year, some core subjects and some electives are taught. A few MBA subjects are Corporate Social Responsibility, Microeconomics, Organisational Behaviour, Corporate Finance, Principles of Marketing Management, Business Law, Strategic Management, International Business Environment, and many more.  

There are more than 3000 MBA Colleges in India. MBA colleges in India average fees is INR 5,00,000 – INR 18,00,000. A list of top MBA colleges in India and their fees are;

• IIM Ahmedabad – INR 23,00,000
• IIM Bangalore – INR 23,00,000
• IIM Calcutta – INR 23,00,000
• IIT Delhi – INR 10,40,000
• IIM Kozhikode – INR 9,50,000

Placements are great at top MBA colleges in India. Graduates get jobs at different job profiles like Project Manager, Finance Manager, Data Analytics Manager, Marketing Manager, Bank Manager, HR Manager, Airport Manager, Hotel Manager, etc. List of top MBA colleges in India recruiters that visit campus for placements are;

• Accenture
• Bain & Company
• Boston Consulting Group
• Deloitte
• Google
• Infosys
• McKinsey & Company

List of top MBA colleges in India and the average package offered are given below;

• IIM Ahmedabad – INR 31,49,000 PA
• IIM Bangalore – INR 33,82,000 PA
• IIM Calcutta – INR 34,20,000 PA
• IIT Delhi – INR 21,90,000 PA
• IIM Kozhikode – INR 29,50,000 PA

The list of top MBA colleges in India which are most popular and have an excellent curriculum, facilities, placements, infrastructure, etc. are given below in the table;

NIRF Rank	Top MBA colleges in India	Average Tuition Fees	Average Package
1	IIM Ahmedabad	INR 23,00,000	INR 31,49,000 PA
2	IIM Bangalore	INR 23,00,000	INR 33,82,000 PA
3	IIM Calcutta	INR 23,00,000	INR 34,20,000 PA
4	IIT Delhi	INR 10,40,000	INR 21,90,000 PA
5	IIM Kozhikode	INR 9,50,000	INR 29,50,000 PA
6	IIM Lucknow	INR 10,05,000	INR 32,20,000 PA
7	IIM Indore	INR 16,10,000	INR 30,21,000 PA
8	XLRI Jamshedpur	INR 12,90,000	INR 32,70,000 PA
9	NITIE Mumbai	INR 7,03,000	INR 27,75,000 PA
10	IIT Madras	INR 4,00,000	INR 20,10,000 PA
11	IIT Bombay	INR 8,00,000	INR 26,64,000 PA
12	IIT Kharagpur	INR 3,00,000	INR 18,08,000 PA
13	MDI Gurgaon	INR 24,70,000	INR 26,70,000 PA
14	IIM Raipur	INR 14,19,000	INR 16,95,000 PA
15	IIM Ranchi	INR 4,00,000	INR 15,50,000 PA
16	IIM Rohtak	INR 8,95,000	INR 17,50,000 PA
17	SIBM Pune	INR 22,20,000	INR 20,80,000 PA
18	IIM Trichy	INR 19,50,000	INR 14,60,000 PA
19	IIT Roorkee	INR 4,00,000	INR 9,78,000 PA
20	IIT Kanpur	INR 2,80,000	INR 12,10,000 PA

List of Top MBA Colleges in India Accepting CAT Score

CAT/Common Admission Test is a national-level management aptitude test which is conducted by the IIM for admission to its MBA courses. Graduates from any recognized university or equivalent recognized degree who are aspiring to apply to top MBA colleges in India can register for the CAT entrance exam. Here is a list of top MBA colleges in India accepting CAT scores;

Top MBA colleges in India accepting CAT score	CAT Percentile Required
Indian Institute of Management	90 – 100
Indian Institute of Technology (Delhi & Bombay)	90 – 100
MDI, Gurgaon	90 – 100
IMI, Delhi	90 – 100
Christ University	80 – 85
KJ Somaiya Mumbai	80 – 85
BIMTECH, Greater Noida	80 – 85
XIME Bangalore	70 – 80
IMS Ghaziabad	70 – 80
KIIT School of Management	70 – 80

What is the CAT score required for top MBA colleges in India? CAT cut-offs for top IIMs usually range from 98 – 100 percentile for general category students and 95 – 98 for reserved category students. The percentiles for different IIMs are given in the table below;

Name of the Institute	Qualifying CAT Cut-off
IIM Rohtak	95
IIM Kashipur	94
IIM Raipur	93
IIM Jammu	93
IIM Udaipur	93
IIM Bodhgaya	93
IIM Sambalpur	93
IIM Trichy	93
IIM Sirmaur	92
IIM Amritsar	90
IIM Lucknow	90
IIM Indore	90
IIM Ranchi	90
IIM Nagpur	85
IIM Ahmedabad	85
IIM Bangalore	85
IIM Calcutta	85
IIM Kozhikode	85
IIM Vizag	80
IIM Shillong	75

List of Top MBA Colleges in India Accepting GMAT Score

GMAT/ Graduate Management Admission Test is one of the entrance exams for admissions at business and management programs worldwide, including full-time and part-time MBA and Masters's degree programs (like PGP, PGPX, EPGP, PGDM). The list of top MBA colleges in India accepting GMAT scores is given in the table below;

Top MBA colleges in India accepting GMAT score	GMAT Score Required (out of 800)
Indian Institute of Management, Ahmedabad	706
Indian Institute of Management, Bangalore	695
Indian Institute of Management, Calcutta	700
Indian Institute of Management, Lucknow	680
Indian Institute of Management, Indore	580
Indian School of Business (ISB), Hyderabad	700
International Management Institute, New Delhi	650
Institute of Management Technology, Ghaziabad	690
XLRI Xavier School of Management, Jamshedpur	700
Xavier Institute of Management, Bhubaneswar	550
Management Development Institute, Gurgaon	700
S.P.Jain Institute of Management & Research, Mumbai	680
Great Lakes Institute of Management, Chennai	680

Is work experience necessary for MBA through GMAT?  Work experience is not so important for many top MBA colleges in India through GMAT. There is a list of top Indian MBA colleges which accept GMAT scores to admit freshers for their flagship MBA / PGP programs. They are;

• BITS, Pilani
• Goa Institute of Management
• Great Lakes Institute of Management, Chennai
• IMI, Gurgaon
• IMT, Ghaziabad
• S.P. Jain Institute of Management & Research, Mumbai
• Welingkar Institute of Management Development & Research, Mumbai
• XIM, Bhubaneswar

List of Top MBA Colleges in India Accepting MAT Score

MAT/Management Aptitude Test is a national-level entrance exam conducted by the All-India Management Association for graduates from any recognized university or equivalent recognized degree who are aspiring to apply to top MBA colleges in India. MAT is conducted 4 times a year (February, May, September, and December). The list of top MBA colleges in India accepting MAT scores is given in the table below;

Top MBA colleges in India accepting MAT score	MAT Percentile Required
VIT Business School, Vellore	90+
Amrita School of Business, Coimbatore	90+
Jagdish Sheth School of Management, Bangalore	90+
UPES University, Dehradun	80+
ITM, Navi Mumbai	80+
Alliance University, Bangalore	80+
New Delhi Institute of Management, New Delhi	80+
IMS, Ghaziabad	70+
IIRM, Hyderabad	60+
DSIMS, Mumbai	50+

Is MAT compulsory for MBA? According to AICTE, top MBA colleges in India have the option to accept any of the 6 national tests: CAT, XAT, CMAT, MAT, ATMA, or GMAT. More than 400 MBA colleges offer MBA admission based on MAT exam scores, but there are many colleges where the MAT entrance exam is not compulsory, students can take admissions based on percentile scores in other MBA entrance exams. The list of top MBA colleges in India where MAT score is not compulsory;

• IIMs
• XLRI
• Symbiosis International University

List of Top MBA Institutes in India

Which institute is best for MBA? There are several MBA institutes in India. The average fees for top MBA colleges in India range from INR 5,00,000 to INR 18,00,000. The list of top MBA institutes in India is given below along with their NIRF ranking;

1. IIM Ahmedabad
2. IIM Bangalore
3. IIM Calcutta
4. IIT Delhi
5. IIM Kozhikode
6. IIM Lucknow
7. IIM Indore
8. XLRI Jamshedpur
9. NITIE Mumbai
10. IIT Madras
11. IIT Bombay
12. IIT Kharagpur
13. MDI Gurgaon
14. IIM Raipur
15. IIM Ranchi
16. IIM Rohtak
17. SIBM Pune
18. IIM Trichy
19. IIT Roorkee
20. IIT Kanpur

List of Top Private MBA Colleges in India

There are more than 2900 private MBA colleges in India. Students can shortlist the best one based on fee structure, seat availability, courses and specializations, placements, and other important factors. The list of top private MBA colleges in India are;

Top Private MBA Colleges in India	Average Fees
Xavier School of Management, Jamshedpur	INR 8,50,000 – 20,00,000
Indian School of Business, Hyderabad	INR 30,41,000 – 47,55,000
SP Jain Institute of Management & Research, Mumbai	INR 7,50,000 – 19,60,000
Management Development Institute, Gurgaon	INR 9,73,000 – 25,00,000
Institute of Management Technology, Ghaziabad	INR 6,00,000 – 17,50,000
Narsee Monjee Institute of Management Studies, Mumbai	INR 5,50,000 – 9,25,000
International Management Institute, Delhi	INR 11,00,000 – 16,49,000
TA Pai Management Institute, Manipal	INR 16,90,000
Institute of Rural Management, Jaipur	INR 10,10,000 – 11,60,000
FORE School of Management, Delhi	INR 13,00,000 – 14,98,000
Goa Institute of Management, Goa	INR 11,96,000 – 15,98,000
Great Lakes Institute of Management, Chennai	INR 16,65,000 – 18,94,000
Loyola Institute of Business Administration, Chennai	INR 6,01,000 – 12,70,970
Welingkar Institute of Management Development & Research	INR 11,00,000
Symbiosis Institute of Business Management, Pune	INR 6,10,000 – 17,06,000
Lal Bahadur Shastri Institute of Management, Delhi	INR 3,25,000 – 10,89,000
Jagan Institute of Management Studies, Delhi	INR 7,15,000
Symbiosis Institute of Management Studies, Pune	INR 4,06,000 – 13,97,000
ITM Business School, Mumbai	INR 8,00,000 – 10,25,000
PSG Institute of Management	INR 8,00,000
XIM University, Bhubaneswar	INR 14,60,000

List of Top Government MBA Colleges in India

Amongst 1227 government MBA colleges in India, the top government MBA colleges in India are given in the table below;

Top Government MBA Colleges in India	Average Fees
IIM Ahmedabad	INR 23,00,000
IIM Bangalore	INR 23,00,000
IIM Calcutta	INR 23,00,000
IIM Lucknow	INR 10,05,000
IIM Indore	INR 16,10,000
IIM Kozhikode	INR 9,50,000
Department of Management Studies, IIT Delhi	INR 10,40,000
Shailesh J. Mehta School of Management, IIT Bombay	INR 9,82,000
Department of Management Studies, IIT Roorkee	INR 9,69,000
IIM Udaipur	INR 22,60,000
IIM Tiruchirappalli	INR 19,50,000
IIT Madras	INR 22,400
NIT Trichy	INR 2,93,100
IIM Raipur	INR 15,83,800
IIT Kanpur	INR 13,50,000
Jamia Millia Islamia University, New Delhi	INR 87,680
IIM Shillong	INR 14,60,000
IIM Kashipur	INR 18,36,000
IIM Ranchi	INR 17,90,000
National Institute of Industrial Engineering, Mumbai	INR 14,06,000

List of Top 50 MBA Colleges in India

MBA colleges in India provide great career options to candidates. Admissions to top MBA colleges in India can be taken through entrance exams like CAT, XAT, MAT, GMAT, CMAT, and other state-level exams. The list of the top 50 MBA colleges in India is given below;

1. Indian Institute of Management, (IIM) Ahmedabad

2. Indian Institute of Management, (IIM) Bengaluru

3. Indian Institute of Management, (IIM) Kolkata

4. Indian Institute of Management, (IIM) Lucknow

5. Faculty of Management Studies, University of Delhi, Delhi

6. Indian Institute of Management, (IIM) Kozhikode

7. National Institute of Industrial Engineering (NITIE), Mumbai

8. Xavier Labour Relations Institute (XLRI), Jamshedpur

9. Shailesh J Mehta School of Management, Indian Institute of Technology (IIT), Mumbai

10.  Management Development Institute (MDI), Gurgaon

11.  Indian Institute of Foreign Trade (IIFT), New Delhi

12.  Symbiosis Institute of Business Management, Pune

13.  Jamnalal Bajaj Institute of Management Studies, Mumbai

14.  S P Jain Institute of Management & Research (SPJIMR), Mumbai

15.  Atal Bihari Vajpayee-Indian Institute of Information Technology And Management (ABV-IIITM), Gwalior

16.  Symbiosis Centre For Management & Human Resource Development (SCMHRD), Pune

17.  Indian Institute of Management, Indore

18.  Vinod Gupta School of Management, Indian Institute of Technology (IIT), Kharagpur

19.  Institute of Management Technology (IMT), Ghaziabad

20.  Dept. of Management Studies, Indian Institute of Technology (IIT), New Delhi

21.  T A Pai Management Institute (TAPMI), Manipal

22.  Department of Management Studies, Indian Institute of Technology, Chennai

23.  Indian Institute of Management, Udaipur

24.  MICA, Ahmedabad

25.  Indian Institute of Management, Tiruchirappalli

26.  NMIMS School of Business Management, Mumbai

27.  Xavier Institute of Management, XIM University, Bhubaneswar

28.  Indian Institute of Management, Raipur

29.  Great Lakes Institute of Management, Chennai

30.  Indian Institute of Management, Ranchi

31.  International Management Institute (IMI), New Delhi

32.  FORE School of Management, New Delhi

33.  MHRM Department of Humanities and Social Science, Indian Institute of Technology (IIT), Kharagpur

34.  Woxsen University (Woxsen School of Business), Hyderabad

35.  Indian Institute of Management, Rohtak

36.  Dr. D. Y. Patil B-School, Pune

37.  Indian Institute of Management, Nagpur

38.  Goa Institute of Management (GIM), Goa

39.  University Business School (UBS), Panjab University, Chandigarh

40.  Institute of Management Studies (BHU), Varanasi

41.  Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai

42.  Symbiosis Centre for Information Technology (SCIT), Pune

43.  Institute of Management, NIRMA University, Ahmedabad

44.  Rajagiri Centre For Business Studies, Kochi

45.  Department of Business Economics, Delhi University, Delhi

46.  Dept. of Management Studies, Indian Institute of Technology (IIT), Roorkee

47.  ICFAI Business School (IBS), Hyderabad

48.  Indian Institute of Management, Kashipur

49.  K.J. Somaiya Institute of Management Studies & Research, Mumbai

50.  Institute of Rural Management Anand (IRMA)

List of Top Distance MBA Colleges in India

Distance MBA is a correspondence postgraduate management program for two years. The MBA students who are unable to attend regular classes can pursue a distance MBA from any top distance MBA college in India. For people who are unable to enroll in a normal MBA program owing to a variety of reasons, such as financial hardship, a demanding job schedule, etc., a distance MBA is also a viable professional alternative. The UG/AICTE recognizes MBA distance learning programs.

There aren't many colleges and universities in India that offer MBA programs online, the majority of colleges and universities offer distance learning MBA programs via placement offices to assist in placing graduates in positions with multinational corporations, the government, etc. The Distance MBA Syllabus includes topics on macroeconomics, microeconomics, operations management, corporate finance, and other subjects.

The list of top distance MBA colleges in India are;

Distance MBA Colleges in India	Total Fees (2 years)
Symbiosis Center for Distance Learning	INR 50,000
Manipal University Jaipur	INR 1,50,000
Amity University Online	INR 2,55,000
Lovely Professional University Distance MBA	INR 48,000
DY Patil University	INR 1,30,000
University Of Madras	INR 2,00,000
IMT Centre For Distance Learning	INR 1,10,500
Vekanteshwara University Distance	INR 1,03,225
SMU-Distance Education	INR 80,000
Welingkar WeSchool	INR 1,01,000

Frequently Asked Questions about the List of Top MBA Colleges in India

Q. Which college ranks best in India for MBA?

Ans. The top 3 MBA Colleges in India 2023 are IIM Ahmedabad, IIM Bengaluru, and IIM Kolkata. Also, IIM Lucknow, Faculty of Management Studies, University of Delhi, and Indian Institute of Management (IIM) Kozhikode are the Top MBA colleges in India.

Q. Can I do MBA from a private college?

Ans. India has many private MBA colleges that offer specialized MBA and PGDM courses. The list of top private MBA colleges in India are:

• Xavier School of Management, Jamshedpur
• Indian School of Business, Hyderabad
• SP Jain Institute of Management & Research, Mumbai
• Management Development Institute, Gurgaon
• Institute of Management Technology, Ghaziabad

Q. Is it worth doing MBA from a government college?

Ans. If MBA is pursued from government colleges like IIMs it will help the candidate to hold the reputation for the rest of their life. There are many government colleges in India offering a well-planned curriculum and great placement opportunities. The list of top government MBA colleges in India are;

• IIMs
• IIT Delhi/ Bombay/ Roorkee/ Madras/ Kanpur
• Jamia Millia Islamia University, New Delhi
• National Institute of Industrial Engineering, Mumbai

Q. Which MBA specialization gives the highest salary?

Ans. The list of the top highest-paying specializations of MBA is given below;

• Finance
• Marketing
• Economics
• Entrepreneurship
• Data Analytics
• International Business
• Investment Management
• Innovation Management

Q. Is the CAT Exam easy to crack?

Ans. Make sure you can see the ultimate result. Instead of simply passing the CAT, the goal should be to achieve a 99 percentile on the first try. CAT is a difficult exam, but anyone can perform in the top 1% with the appropriate study strategy and sufficient practice.

Q. What is the GMAT exam fee in India?

Ans. The GMAT exam fee in India is US $275, which is approximately INR 21,000.

Q. Does symbiosis accept MAT scores?

Ans. No, MAT scores are not accepted for admission in symbiosis institutes, to get admission in symbiosis institutes you need to have a valid SNAP score.

Q. Why should I pursue an MBA?

Ans. There are several reasons why people pursue an MBA. Some of the common motivations include: gaining advanced business knowledge and skills, expanding career opportunities and earning potential, developing a professional network, transitioning into a different industry or role, and enhancing leadership and management abilities.

Q. Are there part-time or online MBA programs available?

Ans. Yes, there are part-time and online MBA programs available for individuals who prefer to continue working or have other commitments. These programs offer more flexibility in terms of schedule and location. However, it is essential to ensure that the program is accredited and provides the necessary resources and networking opportunities for your career goals.

Q. How much does an MBA program cost?

Ans. The cost of an MBA program can vary significantly depending on the institution, location, and program duration. It is important to consider not only the tuition fees but also additional expenses such as accommodation, textbooks, materials, and living costs. Scholarships, grants, and financial aid options may also be available to help offset the expenses.