MBA Colleges with Good Placements: Average & Highest Packages, NIRF Rankings, Fees 

MBA Colleges with Good Placements opportunities are one of the factors students should look out for whether an MBA course is worth a shot, as the degree not only costs money but it also costs us a lot of time and effort. Further, there are many top B-schools in India where candidates can apply after passing management entrance exams. However, in order to ensure a good return on investment, it is very important to find out about the placement records of the MBA colleges. 

In this article, we have mentioned the MBA Colleges with Good Placements: Average & Highest Packages, NIRF Rankings, Fees for aspirants who plan on pursuing an MBA degree.

MBA Colleges with Good Placements in India 2023 

When choosing an MBA college, aspirants should pay close attention to the placement opportunities provided by the institution they will be applying to. In India, most B-schools charge exorbitant MBA and PGDM course fees, so aspirants must be very cautious when choosing an MBA program. 

There are various top MBA Colleges with Good Placements in India where candidates can apply after appearing for management entrance exams like CAT, MAT, etc. In order to ensure a good return on investment, it is very important to find out about the placement records of the MBA colleges.

When choosing MBA colleges, quality education, decent infrastructure, and accreditations are some of the most important factors to take into account. Moreover, MBA admissions in India can also be influenced by the average, highest, and number of domestic and international packages offered at B-schools. We have covered everything MBA aspirants need to know about the best MBA colleges in India 2023 in this article.

There is no doubt that Placements determine the popularity and rankings of a B-school! Thus, it's not surprising that MBA aspirants scrutinize MBA placement trends before making final admission decisions. However, this data is not easily accessible and is often outdated. In order to resolve this issue, Formfees.com.com has prepared the MBA Placements Report 2023 with the latest information from all the top B-Schools in India. 21 IIMs, FMS Delhi, IITs, XLRI, SPJIMR, MDI, IIFT, JBIMS, MICA and other top business schools are featured in the article

What’s new at the MBA Colleges with Good Placements in India?

• Newcomers to the list of the top 20 business schools: Masters Union, BITSoM, IIM Rohtak, and XIM Bhubaneswar,  have joined the exclusive club of the top 20 MBA Colleges with Good Placements this year, thanks to their high average compensation in placement 2023. Interestingly, the 2023 placements for the first MBA cohort at BITSoM Mumbai astonished several elite B-schools, with an average compensation of Rs. 23.85 LPA, which is greater than many long-established top MBA universities, including IIMs.
• IPRS Auditing at IIMs and Other Top B-Schools: Top IIMs such as IIM Ahmedabad, IIM Bangalore, Udaipur, and Rohtak, as well as other B-schools such as XLRI, SIBM Pune, and SPJIMR Mumbai, provide pay statistics in accordance with the IPRS standard. While IIM Ahmedabad and IIM Bangalore disclose placement data after an IPRS audit, other B-schools release it immediately after placements are completed and update it after the audit of placement reports. 

Which MBA college has the highest average package?

IIM Calcutta had the highest average pay, followed closely by ISB (Indian School of Business). The top ten schools in terms of average pay are shown below.

Top MBA Colleges in India 2023	Average Salary Offered
IIM Calcutta	INR 34,20,000
ISB (Indian School of Business)	INR 34,08,000
IIM Bangalore	INR 33,82,000
IIM Ahmedabad	INR 33,81,865
FMS Delhi**	INR 32,40,000
SPJIMR Mumbai	INR 32,05,000
IIM Lucknow	INR 31,03,000
XLRI Xavier School of Management	INR 30,70,000
IIM Indore	INR 25,01,000
MDI Gurgaon – Management Development Institute	INR 23,80,000

MBA Colleges with Good Placements 2023 at Top B-Schools in India

• This year, the average salary at IIM Indore, IIM Shillong, IIM Udaipur, IIFT, IIM Rohtak, TISS, XIMB, Masters Union, IIT Bombay and IIT Delhi increased by 11% to 20%.
• There is a YoY growth in average salary of 2 to 6 percent at IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Kozhikode, along with other top B-schools like FMS Delhi, XLRI, SPJIMR, MDI, and MICA.

Top MBA Colleges with Good Placements in India 2023

Top MBA College by Average Salary	MBA Average Salary 2022	MBA Average Salary 2023
IIM Bangalore	Rs. 33.82 LPA	Rs. 35.31 LPA
IIM Calcutta	Rs. 34.20 LPA	Rs. 35.07 LPA
FMS Delhi	Rs. 32.40 LPA	Rs. 34.10 LPA
ISB Hyderabad	Rs. 34.08 LPA	Rs. 34.21 LPA
IIM Ahmedabad	Rs. 32.80 LPA	Awaited
SPJIMR Mumbai	Rs. 32.05 LPA	Rs. 33.02 LPA
XLRI Jamshedpur	Rs.30.07 LPA	Rs. 32.70 LPA
IIM Lucknow	Rs. 31.03 LPA	Rs. 32.20 LPA
IIM Kozhikode	Rs. 29.50 LPA	Rs. 31.02 LPA
IIM Indore	Rs. 25.01 LPA	Rs. 30.21 LPA
IIFT Delhi & Kolkata	Rs. 25.16 LPA	Rs. 29.10 LPA
SJMSoM IIT Bombay	Rs. 25.93 LPA	Rs. 28.88 LPA
JBIMS Mumbai	Rs. 27.63 LPA	Rs. 28.02 LPA
MDI Gurgaon	Rs. 26.65 LPA	Rs. 27.67 LPA
TISS Mumbai	Rs. 23.97 LPA	Rs. 27.22 LPA
IIM Shillong	Rs. 23.10 LPA	Rs. 26.96 LPA
SIBM Pune	Rs.23.06 LPA	Rs. 26.77 LPA
DMS IIT Delhi	Rs. 21.90 LPA	Rs. 25.82 LPA

Top B-Schools in India with Placement 2023

As well as the MBA colleges listed above, there are several other colleges that offer decent placement opportunities that candidates should consider when applying for MBA admission. By including these colleges, candidates will be able to diversify their choices and also gain a better understanding of the different types of requirements they must meet to pursue higher education in the management field. Check out the table below to see which MBA colleges have the best placements:

Top MBA colleges ranked as per the Average MBA Package in India as contained in the MBA Placement Report 2023 are as below:

MBA College	Average Salary 2022	Average Salary 2023
BITSoM Mumbai	--	Rs. 23.85 LPA
SCMHRD Pune	Rs. 20.40 LPA	Rs. 23.83 LPA
IIM Raipur	Rs. 17.73 LPA	Rs. 21.04 LPA
IIM Tiruchirappalli	Rs. 17.00 LPA	Rs. 20.55 LPA
IIM Udaipur	Rs. 17.80 LPA	Rs. 20.32 LPA
DoMS-IIT Madras	Rs. 16.66 LPA	Rs. 20.19 LPA
XIM Bhubaneswar	Rs. 17.54 LPA	Rs. 20.03 LPA
MICA Ahmedabad	Rs. 19.01 LPA	Rs. 20.09 LPA
IIM Rohtak	Rs. 16.06 LPA	Rs. 18.73 LPA
IIM Kashipur	Rs. 15.21 LPA	Rs. 18.11 LPA
IMT Ghaziabad	Rs. 15.28 LPA	Rs. 17.35 LPA
IIM Ranchi	Rs. 16.17 LPA	Rs. 17.30 LPA
IMI New Delhi	Rs. 15.23 LPA	Rs. 17.01 LPA
IIM Nagpur	Rs. 14.94 LPA	Rs. 16.74 LPA
IIM Amritsar	Rs. 14.63 LPA	Rs. 16.51 LPA
IIM Sambalpur	Rs. 12.64 LPA	Rs. 16.64 LPA
IIM Jammu	Rs. 13.53 LPA	Rs. 16.43 LPA
IIM Bodh Gaya	Rs.12.36 LPA	Rs. 16.00 LPA
IRMA Anand	Rs.14.33 LPA	Rs. 15.50 LPA
IIM Visakhapatnam	Rs.14.60 LPA	Rs. 15.47 LPA
TAPMI Manipal	Rs.12.60 LPA	Rs. 14.60 LPA
FORE New Delhi	Rs.14.04 LPA	Rs. 14.50 LPA
Great Lakes Chennai	Rs.12.50 LPA	Rs. 14.50 LPA
IIM Sirmaur	Rs.12.74 LPA	Rs.14.45 LPA
SDA Bocconi Asia Center, Mumbai	Rs.13.74 LPA	Rs. 14.30 LPA
GIM Goa	Rs.12.14 LPA	Rs. 14.87 LPA
LBSIM New Delhi	Rs.11.30 LPA	Rs. 12.42 LPA
K J Somaiya Institute of Management, Mumbai	Rs.10.67 LPA	Rs. 12.23 LPA

The ranking of business schools is contingent upon a multitude of elements, including the caliber of infrastructure, the faculty members recruited by the institution, the academic achievements of students, the reputation of the business school within the industry, and the impact of its alumni network. The placement of an object is also significantly influenced by these considerations.

The perceived standing of a college within the business significantly influences the success of its graduates in securing employment opportunities. Organizations recruit students from institutions that have consistently shown exceptional performance in both academic and research domains. The primary goal of the organization is to attract and enroll students who possess a strong capacity for flexibility and have significant potential to contribute to the organization's growth and success.

Given the proliferation of emerging management universities in India on an annual basis, it becomes imperative to familiarize oneself with the leading MBA colleges that has the potential to enhance one's professional trajectory. Furthermore, it is important to consider the financial implications of pursuing MBA and PGDM programs, since they sometimes come with substantial costs. Therefore, it is crucial to carefully evaluate the college or institution you are considering to verify that it will provide the anticipated return on investment. It is essential to use discernment while compiling a list of potential schools.

MBA Placements 2023 at IIMs

IIM MBA Placements 2023 have registered high packages and IIM Salary as released in their placement reports, has gone up in all the IIMs. Key trends in IIM Placements are as below:

• Old IIMs maintained their top rankings and had the highest average wage in Placements 2023. While IIM Calcutta has the highest average income at Rs.35.07 LPA, IIM Lucknow comes next with an average salary of Rs.32.20 LPA, closely followed by IIM Kozhikode at Rs.31.02 LPA and IIM Indore at Rs.30.21 LPA. No other IIM has broken the Rs.30 LPA barrier for average placement remuneration.
• New IIMs Earn a Greater Percentage Salary Increase: Leaving behind their elder brothers, new IIMs such as IIM Sambalpur have had the greatest rise in average income of 31.6%, followed by IIM Bodhgaya with a 29% increase. The average wage at IIM Indore and IIM Jammu has increased by 21%.
• IIM Ahmedabad to provide Placement Data Following IPRS Audit: IIM Ahmedabad adheres to IPRS standards and will provide wage data following the IPRS audit in October, despite having completed its placement 2023 as early as February. IIMs and a few other top B-schools took the IPRS initiative to share placement data after auditing placement reports. IPRS standardizes data on placement reports, making them more comparable and dependable.

MBA Placements 2023 in IIMs

MBA College	Average Salary 2021 (Rs. in Lakhs)	Average Salary 2022 (Rs. in Lakhs)	Average Salary 2023 (Rs. in Lakhs
IIM Bangalore	Rs. 28.98 LPA	Rs. 33.82 LPA	Rs.35.31 LPA
IIM Calcutta	Rs. 29.00 LPA	Rs. 34.20 LPA	Rs.35.07 LPA
IIM Ahmedabad	Rs. 27.54 LPA	Rs. 32.80 LPA	Awaited
IIM Lucknow	Rs. 26.00 LPA	Rs. 31.03 LPA	Rs.32.20 LPA
IIM Kozhikode	Rs. 22.53 LPA	Rs. 29.50 LPA	Rs.31.02 LPA
IIM Indore	Rs. 23.60 LPA	Rs. 25.01 LPA	Rs.30.21 LPA
IIM Shillong	Rs. 19.17 LPA	Rs. 23.10 LPA	Rs.26.96 LPA
IIM Raipur	Rs. 15.11 LPA	Rs. 17.73 LPA	Rs.21.04 LPA
IIM Tiruchirappalli	Rs. 14.85 LPA	Rs. 17.00 LPA	Rs.20.55 LPA
IIM Udaipur	Rs. 13.42 LPA	Rs. 17.80 LPA	Rs.20.32 LPA
IIM Rohtak	Rs. 13.74 LPA	Rs. 16.06 LPA	Rs.18.73 LPA
IIM Kashipur	Rs. 14.05 LPA	Rs. 15.21 LPA	Rs. 18.11 LPA
IIM Ranchi	Rs. 14.69 LPA	Rs. 16.17 LPA	Rs. 17.30 LPA
IIM Nagpur	Rs. 13.21 LPA	Rs. 14.94 LPA	Rs.16.74 LPA
IIM Amritsar	Rs. 12.68 LPA	Rs. 14.63 LPA	Rs.16.51 LPA
IIM Sambalpur	Rs. 11.21 LPA	Rs. 12.64 LPA	Rs.16.64 LPA
IIM Jammu	Rs. 10.34 LPA	Rs. 13.53 LPA	Rs.16.43 LPA
IIM Bodh Gaya	Rs.  9.92 LPA	Rs. 12.36 LPA	Rs.16.00 LPA
IIM Visakhapatnam	Rs. 12.62 LPA	Rs. 14.60 LPA	Rs. 15.47 LPA
IIM Sirmaur	Rs.  9.60 LPA	Rs. 12.74 LPA	Rs. 14.45 LPA

Top 10 B-Schools in India: MBA Highest Package in India 

The highest wage provided on a college campus often generates press headlines. The highest domestic wage reported by B-schools in MBA placements 2023 is taken into consideration in chart-2 below.  

Top 10 B-schools in India: MBA Highest Package

Top 10 MBA Colleges by Highest Salary in Placements 2023 are as below. It should be noted that IIM Bangalore has not revealed its maximum wage, and IIM Ahmedabad will provide compensation data following the IPRS audit in September 2023. As a result, none of these top B-schools has been included among the top MBA institutions by highest salary in 2023.

Top MBA College by Highest Salary	Highest Salary 2023
FMS Delhi Placements	Rs.1.23 Crore
IIM Indore Placements	Rs.1.14 Crore
SPJIMR Mumbai Placements	Rs.77.80 LPA
IIFT Delhi & Kolkata Placements	Rs.75.60 LPA
XIM Bhubaneswar Placements	Rs.71.50 LPA
IIM Shillong Placements	Rs.71.30 LPA
IIM Raipur Placements	Rs.67.60 LPA
IIM Kozhikode Placements	Rs.67.02 LPA
MDI Gurgaon Placements	Rs.60.00 LPA
IIM Lucknow Placements	Rs.58.00 LPA

Frequently Asked Questions about MBA Colleges with Good Placements

Q. Which is the Top business school in India?

Ans. IIM Bangalore has been recognized as the top business school in India according to a highly esteemed rating, widely regarded for its credibility in assessing B-schools inside the country. The Indian Institute of Management Calcutta has the second position, while the Indian Institute of Management Ahmedabad holds the third position, making them two of the top three business schools in India.

Q. What are the top MBA colleges according to placements?

Ans. The list below consists of the MBA Colleges that doesn't include IIMs - 

Best Placement MBA colleges in India :

1. SIBM Pune.
2. IIM in all cities.
3. DYPIMS Pune.
4. XLRI Jamshedpur.
5. XIM Bhubaneswar.
6. SPJIMR Mumbai.
7. FORE New Delhi.

Q. What are the best MBA colleges with good placement and less cutoff?

Ans. MBA Colleges with Good Placements - Over the course of the last several years, we have had the opportunity to see several cohorts successfully completing their academic programs at several prestigious institutions in India.

Several reputable universities are known for their strong placement records, particularly in the field of MBA. The placement outcomes of MBA graduates are often seen as a significant indicator of the degree's worth. The value of a degree is enhanced by the quality of its placement. The following is an overview of the final placements for the year 2023 at prominent MBA institutions in India, including both Indian Institutes of Management (IIMs) and non-IIMs.

MBA Colleges with Good Placements 

1. All old IIMs
2. SPJIMR
3. ISB, Hyderabad and Mohali
4. MDI Gurgaon
5. FMS Delhi
6. SIBM
7. XLRI
8. IBS Hyderabad
9. UBS Chandigarh
10. Great Lakes, Chennai.

Certain entities have been included in the aforementioned list by virtue of their extensive lineage and enduring presence, whilst others have achieved recognition within a very little timeframe by virtue of their commendable and consistent performance.