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Top 20 MBA Colleges in India
When most people think of top MBA colleges in India, they think of the IIMs. The situation has changed over time, and many other MBA colleges have made it to the list of top MBA colleges in India 2022. MBA colleges in India include, among others, ISBs, IIMs, XLRIs, IITs, SPJIMR, FMS Delhi Universities, IMTs and MDIs. Top MBA colleges in India include the Indian Institutes of Management (IIM), FMS Delhi University, XLRI, ISB, SPJIMR, MDI, IIT, IMT, and many more.
If you are considering an MBA program, you have several options. On the other hand, the sheer volume of information available on the internet about the Top business schools in India may overwhelm you. We’ve created a table that lists the top 20 MBA Colleges in India, as well as their flagship programmes, entrance exams, tuition fees, and average salary after graduation.
Top MBA Colleges in India with Fees
The top MBA colleges in India for MBA courses with average annual fees between INR 50,000 - 30 Lakhs. The average MBA fees in the top IIMs in India and the top private MBA colleges in India generally range between INR 20 - 23 Lakhs annually. Tabulated below are the top MBA colleges in India with Fees structure:
| College Names | MBA Fees |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Lucknow | INR 20,10,000 |
| IIM Indore | INR 17,01,422 |
| IIM Udaipur | INR 21,00,000 |
| IIM Ranchi | INR 17,60,000 |
| IIT Bombay | INR 1,00,000 |
| IIT Madras | INR 4,10,000 |
| IIT Kharagpur | INR 1,64,558 |
| IIT Delhi | INR 10,24,000 |
| IIT Roorkee | INR 4,28,000 |
| NIT Trichy | INR 3,24,000 |
| IIFT New Delhi | INR 18,78,000 |
| Symbiosis Pune | INR 5,60,000 |
| MDI Gurgaon | INR 18,86,000 |
| Narsee Monjee Mumbai | INR 6,44,000 |
| XLRI Jamshedpur | INR 26,80,000 |
| SP Jain Mumbai | INR 21,42,000 |
| FMS Delhi | INR 1,92,000 |
| NITIE Mumbai | INR 14,60,000 |
Top 20 MBA Colleges in India:
Based on the most recent NIRF ranking 2021, we have ranked the top MBA colleges in India based on post-MBA salary. Among the top MBA colleges in India are the Indian Institutes of Management (IIM), IMT, ISB, SPJIMR, FMS Delhi University, MDI, IIT, XLRI, and many more. Here is a list of the top 20 MBA colleges in India.
| Sr.no | NIRF 2021 Ranking | Top MBA Colleges in India | Location | Program | Average/Mean/Median Salary (INR) | Tuition Fees(domestic) INR | Accepted Exam |
|---|---|---|---|---|---|---|---|
| 1 | 2 | IIM Bangalore | Bangalore | PGP | 28,96,000 | 23,00,000 | CAT/GMAT |
| 2 | 3 | IIM Calcutta | Kolkata | PGP | 27,00,000 | 24,00,000 | CAT/GMAT |
| 3 | NA | Indian School of Business (ISB) | Hyderabad | PGP | 28,29,000 | 33,05,120 | GMAT/GRE |
| 4 | 7 | IIM Lucknow | Lucknow | PGP | 26,00,000 | 19,25,000 | CAT/GMAT |
| 5 | NA | FMS Delhi | Delhi | MBA | 26,00,000 | 1,92,000 | GMAT/CAT |
| 6 | 19 | SPJIMR Mumbai | Mumbai | PGDM | 25,00,000 | 19,00,000 | GMAT/CAT/XAT |
| 7 | 8 | XLRI Xavier School of Management | Jamshedpur | PGDM (Business Management) | 24,30,000 | 25,80,000 | XAT/GMAT/CAT |
| 8 | 6 | IIM Indore | Indore | PGP | 23,60,000 | 16,20,000 | CAT/GMAT |
| 9 | 11 | MDI Gurgoan – Management Development Institute | Gurugram | PGDM | 22,00,000 | 21,34,000 | CAT/GMAT |
| 10 | 1 | IIM Ahmedabad | Ahmedabad | PGP | 22,82,000 | 23,00,000 | CAT/GMAT |
Top MBA Colleges in India with Low fees
Top MBA Colleges in India with Low fees are usually high which is why most of the students cannot afford to pursue MBA courses from the top-ranked and best MBA colleges in India. However, there are some MBA colleges in India that offer MBA courses with average low fees.
Check out the table below for the top MBA colleges in India with low fees structure:
| College Names | Total MBA Fees(INR) |
|---|---|
| University of Allahabad, Allahabad | 24,48,00 |
| Ranchi University, Ranchi | 4,700 |
| National Institute of Rural Development and Panchayati Raj, Hyderabad | 2,90,000 |
| St. Michael’s College, Cherthala | 9,46,000 |
| University of Rajasthan | 8,770 |
| Bhartiya Shiksha Parishad, Lucknow | 34,50,000 |
| Indira Gandhi National Tribal University, Anuppur | 10,500 |
| PSG College of Arts and Science, Coimbatore | 14,000 |
| Central Agricultural University, Imphal | 5,96,000 |
| Visvesvaraya Technological University, Belgaum | 11,79,200 |
| Department of Business Management, University of Calcutta | 16,508 |
| Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur | 11,252 |
| Bharathiar University, Coimbatore | 38,560 |
What are the Top MBA Colleges in India?
It's one of the frequently asked questions we come across and this article provides you with the latest information on the Best B-Schools and the last dates to apply for their courses. Management aspirants strive to get into a top B-School of their choice. Unfortunately, things don’t always go as planned. Candidates must remain positive despite such setbacks. Numerous MBA colleges in India offer world-class management education and excellent placement opportunities. In case you are not able to get into your preferred institute, start looking for the next best option. There are over 3,500 MBA colleges in India, so choosing the right one can be a difficult task. tier 2 colleges in India are also worth considering in addition to Tier 1 institutions that are highly ranked in India. MBA in finance Mumbai colleges fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 52.8 Lakhs with an average annual salary of ₹ 2.8 Lakhs.
Admission for MBA in Mumbai is done on the basis of an entrance exam in top universities. Candidates must sit for a national, state, or university level entrance exam such as CAT, XAT, etc to seek admission to the MBA course for the academic year 2022-2024. This includes the Best MBA colleges in Mumbai for finance.
- BITS School of Management (BITSoM) Powai, Mumbai.
- GNVS Institute of ManagementSion, Mumbai.
- Chetana's Institute of Management and Research Bandra East, Mumbai.
- SP Jain School of Global Management Kurla West, Mumbai.
- Indira Institute of Business ManagementNavi Mumbai, Mumbai
There are plenty of colleges with lower fees for MBA in Mumbai and there are some MBA colleges that charge a bit higher fees like SPJIMR, NMIMS .
Top MBA government college in Mumbai and government MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai, sometimes known as the "City of Dreams" or the "Finance Capital of India," is home to more than 260 of India's finest MBA institutions. The AICTE has authorized 57 MBA institutions in Mumbai, whereas the UGC has approved 17. MBA programs are available in a variety of specialities, from finance and marketing to supply chain management and urban planning, at the best MBA college in Mumbai. MBA Mumbai university costs vary depending on which institutes give world-class amenities.
- Of the total 262 MBA colleges in Mumbai, Around 106 are private, and 11 are MBA public college in Mumbai.
- Indian Institute of Technology - [IITIIT Bombay, National Institute of Industrial Engineering, Mumbai and S. P. Jain Institute of Management & Research are ranked as 10, 12 and 19 respectively in NIRF The ranking for 2021.
- Shailesh J. Mehta School of Management SJMSOM, SPJIMR, IIT Bombay, SBM NMIMS are some of the best schools to study MBA located in Mumbai.
- MBA admissions into the top MBA colleges in Mumbai are usually made by means of an entrance test called the CAT. Many colleges also accept other exam scores like MAT, XAT CMAT, NMAT ATMA MAH CET or even GMAT and GRE.
- IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSIHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Navi Mumbai along with ITM Institute of Hotel Management [ITM-IHM] Mumbai are among the top Hotel Management Colleges in Mumbai.
- The fees for taking MBAor PGDM courses at the top MBA schools in Mumbai could range from INR 500,00 to 30 Lakhs annually, based on the schools.
- Some of the best MBA institutions in Mumbai that charge lower than INR 60,000 are K. C. College of Management Studies [KCCMSKCCMS Mumbai, ISMS Mumbai, Mumbai University MBA as well as KJSCCETR Mumbai.
- The top MBA schools in India provide lucrative job opportunities with high pay packages and high ROI. Average CTC is priced between 18-30 LPA.
- Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top firms that take part in programs for placement offered by the best MBA schools in Mumbai.
- SJMSOM Mumbai, SPJIMR Mumbai and SBM NMIMS Mumbai are the most prestigious colleges in Mumbai to study MBA in Finance. They have been placed in the best 10 MBA institutions in Mumbai.
List of government MBA colleges in Mumbai with fees structures 2022:-
Top MBA colleges in Mumbai and Best MBA colleges in Mumbai include the best private MBA colleges in Mumbai and the best government MBA colleges in Mumbai. SPJIMR is always listed in the list of best colleges for MBA in Mumbai. There is a number of colleges in Mumbai, but some of them that are SPJIMR, NITIE, SIMSREE, SJMSOM, and K J Somaiya are the top 5 MBA colleges in Mumbai.
IIT Bombay comes on the number one place of the top 10 government MBA colleges in Mumbai. The MBA colleges in Mumbai with low fees are government MBA colleges in Maharashtra. The MBA colleges in Maharashtra with low fees are government MBA colleges in Maharashtra such as SIMSREE, SJMSOM, and others. Some other top MBA colleges in Mumbai are KJ Somaiya, NIMMS and NITIE. MBA fees in Mumbai is relatively higher than the fees in other states of India. MBA institutes in Mumbai such as SPJIMR, and K J Somaiya are the MBA best colleges in Mumbai. The MBA institutes in Mumbai such as TISS and SIMSREE are MBA government colleges in Mumbai which are listed in the list of top 20 MBA colleges in Mumbai. There are many PGDM colleges in Mumbai that offers International placement packages. MBA colleges in Mumbai list with placement and fees is mentioned in this article. Mumbai University is one of the MBA government colleges in Mumbai and also it is one of the top colleges for MBA in Mumbai, the MBA fees in Mumbai University revolves around INR 8K to 4 Lacs.
Top 10 MBA Colleges in Mumbai
Tabulated below is the list of top MBA colleges in Mumbai along with their fees structure.
| College Name | Average Fees(INR) |
|---|---|
| SPJIMR, Mumbai | 17,50,000 |
| NMIMS, Mumbai | 19,76,000 |
| NITIE Mumbai | 12,53,000 |
| JBIMS Mumbai | 6,00,000 |
| K J Somaiya Institute of Management, Mumbai | 14,94,000 |
| SIES, Mumbai | 7,20,000 |
| SIMSREE, Mumbai | 1,46,000 |
| IESMCRC, Mumbai | 6,00,000 |
| Chetana’s Institute of Management and Research | 6,60,000 |
| SDA Bocconi Asia Center, Mumbai | 18,60,000 |
Top 10 Government MBA Colleges in Mumbai
Tabulated below is the list of top 10 MBA colleges in Mumbai along with their average annual fees:
| Name of the College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 6,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Thakur Global Business School - [TGBS], Mumbai | INR 4,80,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
Fee Structure For MBA in Government Colleges in India
Fees of MBA courses in government colleges are low. The fees in those government colleges are listed here.
| Colleges | Annual Fees |
|---|---|
| Jamia Millia Islamia University, New Delhi | INR 65,100 |
| University of Delhi, Faculty of Management Studies, New Delhi | INR 96,000 |
| Institute of Management Studies, Banaras Hindu University, Varanasi | INR 1,20,767 |
| Department of Management Studies, Anna University, Chennai | INR 20,500 |
| Pondicherry University, Pondicherry | INR 74,718 |
| University of Jammu, Jammu | INR 78,071 |
| Maharaja Sayajirao University of Baroda, Vadodara | INR 14,500 |
| Ganpat University, Mehsana | INR 95,000 |
| RKDF University, Bhopal | INR 50,000 |
| Department of Management Science, Savitribai Phule Pune University, Pune | INR 66,194 |
IIM Ahmedabad and IIM Calcutta are the top-ranked MBA colleges in India. Indian MBA colleges are known for offering regular MBA, online, and distance MBA programs. There are 4736 top MBA schools in India, of which 710 are government colleges and 3969 private colleges.
- IIM Ahmedabad has been ranked as the best MBA college in India by various ranking agencies, including IIM Bangalore and IIM Calcutta.
- According to the NIRF ranking 2021, IMI New Delhi (DMS IIT Delhi) and JMI Delhi (JMI Delhi) are the top MBA colleges in Delhi.
- The top MBA colleges in India, other than IIM, are XLRI Jamshedpur and MDI Gurgaon.
- IIM Bangalore, Christ University and Kristu Jayanti College are some of the top Bangalore MBA colleges.
- MBA Admissions to the best MBA colleges in India can be obtained through marks in MBA Entrance Exams such as CAT and GMAT, SNAP, Google, MAT, XAT, etc. Then, a GD/PI round.
- IIT Bombay and NMIMS Mumbai, SPJIMR Mumbai, SPJIMR Mumbai, KJ Somaiya Institute of Management, are some of the top colleges for MBA in Mumbai.
- The average MBA course fee to top MBA colleges in India can range from INR 50,000 up to 30 Lakhs per annum.
- The top MBA colleges without entrance exams in India are Amity University (Noida), OP Jindal Global University, (Sonepat), and SOIL Gurgaon.
- University of Allahabad and Ranchi University are the top MBA colleges in India, with very low fees.
- High ROI placements are offered by the top Management colleges of India. IIM Ahmedabad offered the highest CTC at INR 1.32 CPA. This was the average CTC.
- IIM Ahmedabad and IIM Bangalore are the top MBA colleges in India.
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. 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.
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.
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