Top 20 MBA Colleges in India

Would you like to know what the Top 20 colleges for MBA in India are? We've compiled the most informative article on the top 20 MBA colleges in India for you right here at Formfees. Get all your questions answered here.

Wondering what you can expect in the article below?

Don't worry, we'll give a brief introduction to the article on the Top 20 MBA colleges in India.

This article provides detailed information about the top 20 MBA colleges in India. This article discusses how to identify a good MBA college from a not-so-great one and what separates the best from the rest of the pack.

There will be brief quick facts about MBA colleges in India such as the total number of MBA colleges in India and the number of private and government MBA colleges in India.

For the Best 20 colleges for MBA in India, the article shall brief you about the Top 10 MBA colleges in India with fee structures. Some of the mentions you shall in this table would be:

• Indian Institute of Management, (IIM) Ahmedabad
• Indian Institute of Management, (IIM) Bangalore
• Indian Institute of Technology, (IIT) Delhi
• Indian Institute of Management, (IIM) Kozhikode

In order to compile a good list of the top 20 MBA colleges in India, we will need to include a separate list of the top MBA colleges in India based on placements. This will also be presented to you in the article. Colleges mentioned here include:

• IIM Indore
• IIFT Delhi & Kolkata
• MDI Gurgaon
• IIM Tiruchirappalli

It is preferable to depend on a reputable survey list to determine the top MBA Colleges in India. In India, there is no better education survey than NIRF. The article also provides the NIRF ranking of the Top 50 MBA Colleges in India for this purpose. 

Some of the top MBA Colleges in India are listed below:

1. IIM Ahmedabad
2. IIM Bangalore
3. IIM Calcutta
4. IIT Delhi
5. IIM Kozhikode

An MBA may be a costly education since tuition fees at certain universities can be quite high. However, there are numerous universities that provide an MBA education at a substantially lesser cost in certain instances. To analyze this, one needs first to compile a list of Top MBA institutions in India along with their costs. This is also covered in the next article. While there is a thorough list under this subsection, numerous private MBA institutions also top the list of the best MBA colleges in India. The article below includes a separate list of the Top Private MBA Colleges in India. Among them are:

1. Symbiosis Institute of Business Management, (SIBM) Pune
2. S.P. Jain Institute of Management and Research (SPJIMR)
3. XLRI

Following this, the article shall then provide you with general details of an MBA course and all the relevant details you need to know to get into the Best 20 colleges for an MBA in India. Such as the eligibility criteria, admission process, various MBA entrance exams, and so on.

The following article also discusses the MBA job scope, salary, top recruiters, and so on.

By the end of this article, we hope to erase all your doubts regarding an MBA course and strengthen your determination to get into the Best 20 colleges for MBA in India. If you still have any query that persists, kindly contact us at Formfees and one of our consulting executives shall get in touch with you.

Best MBA Colleges in India - as per the recent updates there are more than 100 Best MBA Colleges in India that provide the top-notch facilities for the students to become the best version of themselves. And from the Best MBA Colleges in India list, there are at least 64 colleges that are privately owned.  

Currently, there are 44 colleges owned by public/government organizations, and public-private organizations own 1 college. Some of the entrance exams like CAT, XAT, and CMAT are the main accepting exams in Best MBA Colleges in India. 

Best MBA Colleges in India NIRF ranking 2023 consists of institutes like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. 

In addition, the aforementioned list of Best MBA colleges in India includes renowned corporations that recruit highly skilled professionals, such as Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, and Accenture.

Some of the Best MBA Colleges in India insights are mentioned below

• In the year 2023, IIM Kozhikode had an enhancement in its ranking, coming to the Top 3 MBA Colleges in India running 3rd, in contrast to its previous placement at the fifth position in  Best MBA Colleges in India 2022.
• The Indian Institute of Management Calcutta had a fall in its ranking, moving from 3rd place in 2022 to 4th place in Best MBA Colleges in India 2023.

• The Indian Institute of Management Ahmedabad provides the largest placement package, specifically amounting to INR 31.50 LPA.

• According to academic rankings, the Indian Institute of Management Ahmedabad is widely regarded as the Best MBA college in India, with the Indian Institute of Management Bangalore and the Indian Institute of Management Kozhikode following closely behind in terms of prestige and reputation. According to the latest National Institutional Ranking Framework (NIRF) rankings for the year 2023, the institutes have been assigned the respective ranks of 1, 2, and 3.

Latest Update: CAT Registrations 2023 has started from the 2nd of August Students can apply for the same as the CAT Registration Last date to apply is on the 13th of September 2023.

Best MBA colleges in India 2023 - According to the National Institutional Ranking Framework (NIRF), several prominent schools like IIM Ahmedabad, IIM Calcutta, IIM Lucknow, IIM Bengaluru, Faculty of Management Studies at the University of Delhi, and Indian Institute of Management (IIM) Kozhikode are recognized as leading MBA colleges in India under government affiliation. 

Several of the Best MBA colleges in India (Private), including XLRI Jamshedpur, MDI Gurgaon, and Symbiosis Institute of Business Management Pune, have been recognized as highly rated institutions on the list of Best MBA colleges in India (Private) for the year 2023.

Now let's look into the Best MBA colleges in India, students must consider the eligibility criteria as well below applying for the colleges - 

Securing admission to the Best MBA Colleges in India is a challenging endeavor, contrary to popular belief. The task exhibits a notable degree of complexity. 

Applicants are mandated to participate in thorough entrance tests that evaluate their competency across several areas, encompassing general knowledge, analytical capabilities, numerical aptitude, fluency in the English language, communication talents, and subject-specific expertise. 

The selection process for admission to most of the Best MBA colleges in India often involves the assessment of performance in several entrance tests. The test is a significant challenge, requiring a high level of focus and commitment to get admission to India's highly esteemed MBA colleges, known for their outstanding track records in job placements. In this analysis, we will explore the prominent MBA admission tests.

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 Exams
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	MDI Gurgaon – Management Development Institute	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	IIM Shillong	Gurugram	PGDM	22,00,000	21,34,000	CAT/GMAT
10	1	IIM Ahmedabad	Ahmedabad	PGP	22,82,000	23,00,000	CAT/GMAT
11	12	National Institute of Industrial Engineering	Mumbai	PGDM	22,80,000	14,63,000	CAT
12	10	IIT Bombay – Shailesh J Mehta School of Management Mumbai	Mumbai	MBA	21,96,000	9,06,400	CAT
13	25	IIM Shillong	Delhi	MBA in International Business	21,08,000	8,85,000	IIFT/ GMAT
14	4	IIM Kozhikode	Kozhikode	PGP	20,00,000	20,00,000	CAT/GMAT
15	20	Symbiosis Institute of Business Management	Pune	SIBM	19,56,000	21,27,950	SNAP
16	23	IIM Shillong	Shilong	PGP	18,76,000	14,60,000	CAT/GMAT
17	5	DMS IIT Delhi	New Delhi	MBA	18,50,000	8,00,000	CAT
18	9	IIT Kharagpur	Kharagpur	MBA	18,44,000	11,59,760	CAT/GMAT
19	16	IIT Kanpur	Kanpur	MBA	16,86,000	10,97,600	CAT
20	15	IIM Raipur	Raipur	PGP	15,11,000	14,20,400	CAT

About the Best 20 Colleges for MBA in India

What distinguishes the Best MBA Colleges from the rest?

The Best MBA Colleges in India are ranked using the following criteria:

• Most convenient faculty access- One of the first is the finest faculty access. These prominent MBA institutions in India employ the top professors in the area of MBA, making them genuinely outstanding.
• Greatest living facilities- These top MBA institutions in India provide some of the greatest housing alternatives for its students, which attracts many of them.
• Top Placement Packages- Because these Top MBA schools are among the most prominent in the management area and are well-respected by companies and organizations in the industry, graduates from these top 20 MBA institutions in India are undoubtedly the most appealing job applicants.
• Remarkable industry reputation- Because of their great industry access, the Best MBA Colleges in India have a remarkable reputation, which they preserve by regularly upgrading their MBA curricula to suit industry requirements.

Quick Facts

1. According to the MHRD-NIRF rankings for 2022, there are a total of 5556 or more MBA Colleges in India.
2. IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, IIM Lucknow, and IIM Indore are among the best MBA Colleges in India.
3. According to current statistics, India has almost 116 Top MBA Colleges.
4. Around 70 of India's top MBA schools are private, with the other 46 being government- or public-owned institutions.
5. Admission to the Best 20 MBA Colleges in India is based on merit and several entrance examinations such as the CAT, GMAT, and others.
6. The average yearly tuition at the Top 20 MBA Colleges in India varies from 50,000 to 8.78 lakh rupees, depending on the college.
7. Companies such as Infosys, Amazon, Wipro, Apple, IBM, Brain & Company, Accenture, BCG, Tata Consultancy Services, Citigroup, Larsen & Toubro, Deloitte, Goldman Sachs, and others sponsor placement programmes at India's Best 20 MBA institutions.

MBA Rankings in India 2023: Top MBA Colleges In India: Management

There are many MBA colleges in India and the list below are mainly owned by the privately owned organizations or by public/governmental organizations, and some are public-private organizations as well as the Top 10 MBA colleges in india 2023, below you will also find main list of MBA Rankings in India 2023 which includes 100 Top MBA Colleges in India 2023 NIRF Ranking 

Top MBA colleges in India accept 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.

Following is a revised list of some of the Top 10 mba colleges in india 2023-24:

1. In the year 2023, the Indian Institute of Management Kozhikode had an improvement in its ranking, moving from the 5th position in 2022 to the 3rd position. In 2023, the Indian Institute of Management Calcutta had a decline in its ranking, moving from the third position in 2022 to the fourth position.
2. Banaras Hindu University is known for offering the most affordable tuition cost in the nation, with a charge of INR 10,228.
3. The Indian Institute of Management Ahmedabad provides the largest placement package, amounting to INR 31.50 LPA.
4. The institution in question has been recognized as the top-ranking MBA college in India, surpassing esteemed institutions such as IIM Bangalore, IIM Kozhikode, and IIM Ahmedabad. According to the latest National Institutional Ranking Framework (NIRF) rankings for the year 2023, the institutions have been assigned the respective ranks of 1, 2, and 3.

Here is the list of Top 10 MBA colleges in India 2023

Rank	Top 10 MBA colleges in India 2023	State
1	Indian Institute of Management Ahmedabad	Gujarat
2	Indian Institute of Management Bangalore	Karnataka
3	Indian Institute of Management Kozhikode	Kerala
4	Indian Institute of Management Calcutta	West Bengal
5	Indian Institute of Technology Delhi	Delhi
6	Indian Institute of Management Lucknow	Uttar Pradesh
7	National Institute of Industrial Engineering, Mumbai	Maharashtra
8	Indian Institute of Management Indore	Madhya Pradesh
9	XLRI-Xavier School of Management	Jharkhand
10	Indian Institute of Technology Bombay	Maharashtra

Moving on this is the main list of MBA Rankings in India 2023 which includes 100 Top MBA Colleges in India 2023 NIRF Ranking -

Top 10 MBA Colleges in India 2023 (Govt.)

S.No	Name of the college
1	Indian Institute of Management, IIM - Ahmedabad
2	Indian Institute of Management, IIM - Bengaluru
3	Indian Institute of Management, IIM - Calcutta
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	Shailesh J Mehta School of Management, Indian Institute of Technology IIT - Mumbai
9	Indian Institute of Foreign Trade IIFT - New Delhi
10	Jamnalal Bajaj Institute of Management Studies, Mumbai

Top 10 MBA Colleges in India 2023 (Private)

S.No	Name of the college
1	Xavier Labour Relations Institute (XLRI), Jamshedpur
2	Management Development Institute (MDI), Gurgaon
3	Symbiosis Institute of Business Management, Pune
4	S P Jain Institute of Management & Research (SPJIMR), Mumbai
5	Symbiosis Centre For Management & Human Resource Development (SCMHRD), Pune
6	Institute of Management Technology (IMT), Ghaziabad
7	T A Pai Management Institute (TAPMI), Manipal
8	MICA, Ahmedabad
9	NMIMS School of Business Management, Mumbai
10	Xavier Institute of Management, XIM University, Bhubaneswar

MBA Rankings in India 2023: B-school Rankings

MBA Rankings in India	State	Score	Rank
Indian Institute of Management Ahmedabad	Gujarat	83.20	1
Indian Institute of Management Bangalore	Karnataka	80.89	2
Indian Institute of Management Kozhikode	Kerala	76.48	3
Indian Institute of Management Calcutta	West Bengal	75.53	4
Indian Institute of Technology Delhi	Delhi	74.14	5
Indian Institute of Management Lucknow	Uttar Pradesh	74.11	6
National Institute of Industrial Engineering, Mumbai	Maharashtra	71.99	7
Indian Institute of Management Indore	Madhya Pradesh	71.95	8
XLRI-Xavier School of Management	Jharkhand	70.75	9
Indian Institute of Technology Bombay	Maharashtra	68.11	10
Indian Institute of Management Raipur	Chhattisgarh	66.18	11
Indian Institute of Management Rohtak	Haryana	65.88	12
Management Development Institute	Haryana	64.88	13
Indian Institute of Technology Kharagpur	West Bengal	63.92	14
Indian Institute of Technology Madras	Tamil Nadu	62.83	15
Indian Institute of Management Udaipur	Rajasthan	62.78	16
Symbiosis Institute of Business Management	Maharashtra	62.74	17
Indian Institute of Technology Roorkee	Uttarakhand	62.14	18
Indian Institute of Management Kashipur	Uttarakhand	61.07	19
S.P. Jain Institute of Management & Research	Maharashtra	60.91	20
SVKM`s Narsee Monjee Institute of Management Studies	Maharashtra	60.84	21
Indian Institute of Management Tiruchirappalli	Tamil Nadu	60.83	22
Indian Institute of Technology Kanpur	Uttar Pradesh	60.63	23
Indian Institute of Management Ranchi	Jharkhand	59.99	24
Jamia Millia Islamia,New Delhi	Delhi	59.78	25
Indian Institute of Management Shillong	Meghalaya	59.12	26
Indian Institute of Foreign Trade	Delhi	58.60	27
Amity University	Uttar Pradesh	58.56	28
Indian Institute of Management Visakhapatnam	Andhra Pradesh	57.57	29
Amrita Vishwa Vidyapeetham	Tamil Nadu	57.02	30
Great Lakes Institute of Management	Tamil Nadu	56.62	31
Lovely Professional University	Punjab	56.44	32
Goa Institute of Management	Goa	56.28	33
International Management Institute	Delhi	56.05	34
National Institute of Technology Tiruchirappalli	Tamil Nadu	56.01	35
Chandigarh University	Punjab	55.98	36
MICA	Gujarat	55.47	37
Institute of Management Technology, Ghaziabad	Uttar Pradesh	55.26	38
UPES	Uttarakhand	54.83	39
ICFAI Foundation for Higher Education, Hyderabad	Telangana	54.29	40
Indian Institute of Management Jammu (IIMJ)	Jammu and Kashmir	54.17	41
T. A. Pai Management Institute Manipal	Karnataka	53.48	42
Indian Institute of Management	Maharashtra	53.41	43
Indian Institute of Technology (Indian School of Mines)	Jharkhand	52.64	44
K J Somaiya Institute of Management Studies and Research	Maharashtra	52.14	45
XIM University	Odisha	52.09	46
Jaipuria Institute of Management	Uttar Pradesh	51.81	47
Birla Institute of Management Technology	Uttar Pradesh	51.74	48
Thapar Institute of Engineering and Technology (Deemed-to-be-university)	Punjab	51.67	49
Anna University	Tamil Nadu	51.67	49
Indian Institute of Management, Amritsar	Punjab	51.30	51
Koneru Lakshmaiah Education Foundation University (K L College of Engineering)	Andhra Pradesh	51.29	52
Indian Institute of Management Bodh Gaya	Bihar	51.28	53
Institute of Rural Management Anand	Gujarat	51.19	54
Aligarh Muslim University	Uttar Pradesh	51.18	55
Banaras Hindu University	Uttar Pradesh	51.07	56
Siksha `O` Anusandhan	Odisha	51.03	57
Indian Institute of Management Sambalpur	Odisha	50.90	58
Kalinga Institute of Industrial Technology	Odisha	50.78	59
Christ University	Karnataka	50.69	60
Nirma University	Gujarat	50.04	61
Great Lakes Institute of Management,Gurgaon	Haryana	49.95	62
Fore School of Management	Delhi	49.85	63
Chitkara University	Punjab	49.80	64
Graphic Era University	Uttarakhand	49.77	65
Guru Gobind Singh Indraprastha University	Delhi	49.71	66
International Management Institute	Odisha	49.30	67
Atal Bihari Vajpayee Indian Institute of Information Technology and Management	Madhya Pradesh	49.13	68
Malaviya National Institute of Technology	Rajasthan	48.98	69
International Management Institute	West Bengal	48.43	70
Saveetha Institute of Medical and Technical Sciences	Tamil Nadu	48.34	71
BML Munjal University	Haryana	48.27	72
Principal L N Welingkar Institute of Management Development and Research	Maharashtra	48.21	73
Krea University	Andhra Pradesh	48.00	74
National Institute of Technology Calicut	Kerala	47.99	75
National Institute of Bank Management	Maharashtra	47.08	76
Birla Institute of Technology	Jharkhand	46.96	77
Babasheb Bhimrao Ambedkar University	Uttar Pradesh	46.61	78
Manipal University Jaipur	Rajasthan	46.23	79
Jaipuria Institute of Management	Rajasthan	46.15	80
Amity University Haryana, Gurgaon	Haryana	46.07	81
Panjab University	Chandigarh	46.05	82
Rajagiri Business School	Kerala	46.03	83
Institute of Management Technology	Telangana	45.78	84
Jain University, Bangalore	Karnataka	45.63	85
Bharathidasan Institute of Management	Tamil Nadu	45.59	86
Alliance University	Karnataka	45.55	87
Jagan Institute of Management Studies	Delhi	45.54	88
PSG College of Technology	Tamil Nadu	45.44	89
Thiagarajar School of Management	Tamil Nadu	44.79	90
Galgotias University	Uttar Pradesh	44.30	91
Jaipuria Institute of Management	Uttar Pradesh	44.22	92
Tezpur University	Assam	44.01	93
Pandit Deendayal Energy University	Gujarat	43.92	94
Visvesvaraya Technological University	Karnataka	43.84	95
Jamia Hamdard	Delhi	43.74	96
National Institute of Agricultural Extension Management	Telangana	43.47	97
Indian Institute of Management	Himachal Pradesh	43.26	98
New Delhi Institute Of Management	Delhi	42.61	99
Guru Jambheshwar University of Science and Technology	Haryana	42.13	100

Top MBA Colleges in India with NIRF Ranking 2023

Every year, the NIRF rankings are issued in line with the framework's yearly statistics. Rankings and ratings are based on five factors: graduation rate, research and professional practices, teaching and learning resources, and overall impression of the school.

The following are the top 10 MBA colleges in India as rated by NIRF 2023:

College Name	NIRF 2023
Indian Institute of Management, (IIM) Ahmedabad	1
Indian Institute of Management, (IIM) Bangalore	2
Indian Institute of Management, (IIM) Kozhikode	3
Indian Institute of Management, (IIM) Calcutta	4
Indian Institute of Technology, (IIT) Delhi	5
Indian Institute of Management, (IIM) Lucknow	6
National Institute of Industrial Engineering, (NITIE) Mumbai	7
Indian Institute of Management, (IIM) Indore	8
National Institute of Industrial Engineering, (NITIE) Mumbai	9
Indian Institute of Technology Bombay	10

Colleges V/S NIRF Ranking

List of Top Private MBA Colleges in India

Here is a list of top private MBA colleges in India along with their total tuition fee, seat intake, entrance exam and eligibility: 

College Name	Top Private MBA Colleges Fees	Eligibility
XLRI	INR 24.70 lakh seats: 420	Graduation with a minimum aggregate of 50%
Management Development Institute (MDI)	INR 22.20 lakh seats: 282	Graduation with 50% aggregate
Symbiosis Institute of Business Management, (SIBM) Pune	INR 20.42 lakh seats: 720	Bachelor’s degree with an aggregate of 50%
S.P. Jain Institute of Management and Research (SPJIMR)	INR 20.42 lakhSeats: 720	Graduation with 50% aggregate

Colleges V/S Fees

List of Top Government MBA Colleges in India

Here is a list of top public/government MBA colleges in India along with their total course fee:

College Name	Top Government MBA Fees	Eligibility
Indian Institute of Management, (IIM) Ahmedabad	INR 18.19 lakhSeats: 50	Graduation with 50% aggregate
Indian Institute of Management, (IIM) Bangalore	INR 10.40 lakh seats: 91	Graduation with 50% aggregate (45 % for SC/ST students)
Indian Institute of Technology, (IIT) Delhi	INR 10.40 lakhSeats: 91	Graduation with 60% aggregate
Indian Institute of Management, (IIM) Kozhikode	INR 20.50 lakh	Graduation with 50% aggregate

Colleges V/S Fees

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 in 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 programs, entrance exams, tuition fees,  and average salary after graduation.

Best MBA colleges in India Eligibility Criteria:

• The qualifying criteria for various types of MBAs varied. We discuss the Eligibility Criteria for a Full-time MBA program in this section.
• The candidate must have a bachelor's degree in any topic or field from a reputable university.
• The candidate must have a graduating grade point average of at least 50%.
• Students from the ST/SC/OBC categories in India are admitted to MBA programs if they have at least 45% in their degree.
• MBA programs are open to professionals from all disciplines, including those who have finished their CS, CA, or ICWA.
• Any graduate applicant can be admitted to a full-time MBA program if they provide sufficient documentation that they will graduate within the specified time limit.
• Students who want to be admitted to the finest MBA institutions in India must meet the qualifying requirements listed above.

Top MBA Entrance Exams

• Common Admission Test (CAT)
• Common Management Admission Test (CMAT)
• Symbiosis National Aptitude Test (SNAP)
• Indian Institute of Foreign Trade (IIFT)
• Xavier Aptitude Test (XAT)
• Management Aptitude Test (MAT)
• NMIMS Management Aptitude Test (NMAT)
• AIMS Test for Management Admissions (ATMA)
• Graduate Management Admission Test (GMAT)

Top 20 MBA Colleges in India NIRF Rank

The National Institutional Ranking Framework is abbreviated as NIRF. It is a system for assessing and maintaining the country’s high standards for higher education. The HRD ministry has approved the NIRF, a government initiative. As a result, when comparing higher education institutions in India, the NIRF ranking model is one of the most reliable.

The NIRF provides a number of ranking options, including state, city, and course rankings. As a result, the NIRF has identified the Top 20 MBA colleges in India. The NIRF rankings for 2022 are as follows.

The Best 20 MBA colleges in India NIRF rank will be revealed by the end of July 2023.

Name of the Institute	NIRF Rankings 2021
IIM Ahmedabad	1
IIM Bangalore	2
IIM Calcutta	3
IIT Delhi	4
IIM Kozhikode	5
IIM Lucknow	6
IIM Indore	7
XLRI Jamshedpur	8
NITIE Mumbai	9
IIT Madras	10
IIT Bombay	11
IIT Kharagpur	12
MDI Gurgaon	13
IIM Raipur	14
IIM Ranchi	15
IIM Rohtak	16
SIBM Pune	17
IIM Trichy	18
IIT Roorkee	19
IIT Kanpur	20

Top 20 MBA Colleges in India with Fees

There are other MBA colleges in India that you might be interested in addition to the top 20 MBA colleges in India. Understanding how much an MBA program will cost is essential if you want to pursue this degree because it will have an impact on your financial planning and let you know if you can pay for it. Figuring out the fee schedule will help you with budgeting, college comparison, scholarship possibilities, and much more. The list of the top 20 MBA colleges in India with fees is here below:

Name of the institute	Course fee
IIM Bangalore	23,00,000
IIM Calcutta	24,00,000
Indian School of Business (ISB)	33,05,120
IIM Lucknow	19,25,000
FMS Delhi	1,92,000
SPJIMR Mumbai	19,00,000
XLRI Xavier School of Management	25,80,000
IIM Indore	16,20,000
MDI Gurgaon – Management Development Institute	21,34,000
IIM Ahmedabad	23,00,000
National Institute of Industrial Engineering	14,63,000
IIT Bombay – Shailesh J Mehta School of Management Mumbai	9,06,400
Indian Institute of Foreign Trade (IIFT Delhi)	8,85,000
IIM Kozhikode	20,00,000
Symbiosis Institute of Business Management	21,27,950
IIM Shillong	14,60,000
DMS IIT Delhi	8,00,000
IIT Kharagpur	11,59,760
IIT Kanpur	10,97,600
IIM Raipur	14,20,400

Top 20 MBA Colleges in India Placement-wise

For an MBA course, the placement a college offers is of the most vital importance. The candidates are advised to go through the college placement record before enrolling in any MBA college in India. The top MBA colleges are sure to provide you with a great placement deals in the campus placement itself. So, Here is the list of the top 20 MBA colleges in India placement-wise. Have a look:

Name of the college	Average Salary
IIM Indore	Rs. 30.21 LPA
IIFT Delhi & Kolkata	Rs. 29.10 LPA
MDI Gurgaon	Rs. 27.67 LPA
IIM Tiruchirappalli	Rs. 20.55 LPA
IIM Bangalore	Rs. 35.31 LPA
XLRI Jamshedpur	Rs. 32.70 LPA
IIM Lucknow	Rs. 32.20 LPA
IIM Kozhikode	Rs. 31.02 LPA
TISS Mumbai	Rs. 27.22 LPA
IIM Shillong	Rs. 26.96 LPA
BITSoM Mumbai	Rs. 23.85 LPA
SCMHRD Pune	Rs. 23.83 LPA
IIM Raipur	Rs. 21.04 LPA
SJMSoM IIT Bombay	Rs. 28.88 LPA
IIM Calcutta	Rs. 35.07 LPA
FMS Delhi	Rs. 34.10 LPA
ISB Hyderabad	Rs. 34.21 LPA
Masters Union, Gurugram	Rs. 33.10 LPA
SPJIMR Mumbai	Rs. 33.02 LPA
IIT Kanpur	Rs. 10.97 LPA

Top 20 Private MBA Colleges in India

The best 20 private MBA colleges in India are on par with the par with top MBA colleges in India. These colleges have a good reputation, and it is worthwhile for a candidate to pursue an MBA from one of the best private MBA colleges in India.

The competition is fierce, just as it is for the Top 20 Private MBA Colleges in India. As a result, many genuinely talented students are unable to pass the exam. Rather than dropping their year, many candidates prefer to pursue their degree from the Best Private MBA colleges in India.

These colleges have equally good placement programs, reputable faculty access, and excellent infrastructure facilities. Look below for a list of the Top 20 Private MBA Colleges in India and their average fees:

Name of the College	Entrance Examination	Total Course Fees (Approx.)
Narsee Monjee Institute of Management Studies (NMIMS)	NMAT by GMAC	Rs. 5,50,000 - Rs. 9,25,000
Xavier School of Management (XLRI)	XAT, GMAT	Rs. 8,50,000 - Rs. 20,00,000
S.P. Jain Institute of Management & Research (SPJIMR)	CAT, XAT, GMAT	Rs. 7,50,000 - Rs. 19,60,000
Management Development Institute (MDI)	CAT, GMAT, MDI Test	Rs. 9,73,000-Rs.25,00,000
Institute of Rural Management (IRMA)	IRMA, MAT, CAT, ATMA	Rs. 10,10,000 - Rs. 11,60,000
FORE School of Management	GMAT, XAT, CAT	Rs. 13,00,000 - Rs. 14,98,000
Goa Institute of Management	CAT, XAT, GMAT	Rs. 11,96,000 - Rs. 15,98,000
Great Lakes Institute of Management	CAT, GMAT, CMAT, XAT	Rs. 16,65,000 - Rs. 18,94,000
Loyola Institute of Business Administration (LIBA)	CAT, XAT	Rs. 6,01,000 - Rs. 12,70,970
Symbiosis Institute of Management Studies (SIMS)	SNAP	Rs. 4,06,000 - Rs. 13,97,050
ITM Business School	CAT	Rs. 8,00,000 - Rs. 10,25,000
PSG Institute of Management	MAT, CAT, TANCET	Rs. 8,00,000 (approx.)
Institute of Management Technology (IMT)	CAT	Rs. 6,00,000 - Rs. 17,50,000
International Management Institute (IMI)	XAT, CAT, GMAT	Rs.11,00,000 - Rs. 16,49,000
Indian School of Business (ISB)	GMAT, GRE	Rs. 30,41,000 - Rs. 47,55,000
T.A. Pai Management Institute (TAPMI)	CAT, XAT, GMAT, MAT	Rs.16,90,000
Welingkar Institute of Management Development and Research	CAT, XAT, ATMA, CMAT, GMAT	Rs. 11,00,000
Symbiosis Institute of Business Management	SNAP	Rs. 6,10,000 - Rs. 17,06,000
Lal Bahadur Shastri Institute of Management	CAT	Rs. 3,25,000 - Rs. 10,89,200
Jagan Institute of Management Studies	CAT, CMAT, XAT, MAT	Rs. 7,15,000

Frequently Asked Questions about Top 20 MBA Colleges in India

Q. What makes the Top MBA colleges stand out among the rest?

Ans. Following are the categories that make an MBA college among the Best MBA colleges in India:

Best Faculty Access- One of the first of these is best faculty access. These top MBA colleges in India hire the best faculty in the MBA field for their institutions, making them truly exceptional.

Best Accommodation Facilities- The accommodation facilities are among the best provided by these best MBA colleges in India to its students, which makes a lot of students flock to this institution.

Top Placement Packages- Because these Top MBA colleges are the most prestigious in the management field and are respected by corporations and firms in the industry, students who graduate from these best 20 MBA colleges in India for MBA are naturally the most appealing candidates to be hired.

Remarkable Industry Reputation- Many of the companies specifically mention the preference to the students from the Best MBA Colleges in India due to great industry access these colleges maintain a reputation by regularly updating their MBA courses as per the industry standard.

Quick Facts:

• According to the MHRD-NIRF rankings for 2022, there are in total 5556 MBA colleges in India.
• IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, IIM Lucknow, and IIM Indore are among the top MBA colleges in India.
• There are nearly 116 Top MBA colleges in India as of data today.
• Approximately 70 of the top MBA colleges in India are private, while 46 are public institutions/government owned.
• Admission to the top 20 MBA colleges in India is based on merit and various admission exams such as CAT, GMAT, and others.
• The average fees in the best 20 MBA colleges in India range from INR 50,000 to INR 8.78 lakhs per year, depending on the college.
• Various companies that conduct a placement program in the best 20 MBA colleges in India are –Infosys, Amazon, Wipro, Apple, IBM, Brain & Company, Accenture, BCG, Tata Consultancy Services, Citigroup, Larsen & Toubro, Deloitte, Goldman Sachs, etc

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-Do MS is ranked fifth.

Q. Between a private and a government MBA college, which is better?

Ans. Any MBA college that is UGC-recognized 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 an 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 an 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 programs both in India and abroad: One-year MBA programs in India include ISB, IIMs, SPJIMR, XLRI, and Great Lakes.