Top 20 MBA Colleges in India with Fee Structure

Fellow students who are looking for MBA Colleges in India have come to the right website as we have provided all the necessary details on the Top 20 MBA colleges in India with Fee Structure.

India has a multiplicity of MBA schools, therefore it is imperative for candidates to carefully evaluate and select their desired universities before enrolling.   In order to ensure a superior educational experience and a successful professional path, it is imperative to select an MBA institution that provides exceptional academic instruction, a recognized standing, excellent job placement opportunities, a wide-reaching network of former students, and highly qualified teachers, among other essential factors.  

It is common knowledge that individuals who aspire to earn an MBA degree are generally more familiar with MBA programs and associated institutions compared to other academic paths.

While many claim to possess comprehensive knowledge of MBA-related matters such as fees, placement, and coursework, a question remains: Are we truly well-versed in all aspects of this field?

Allow me to expand your understanding by addressing a question that may be causing uncertainty: which are the Top 20 MBA Colleges in India with Fees Structure? This information will help candidates stay ahead before the start of the MBA session in 2023-2024. Regarding the top 20 MBA colleges in India with fee structure for 2023-2024, IIM Ahmedabad is considered the best MBA college, followed by IIM Bangalore and IIM Calcutta.

In order to get an idea of the best universities, individuals can also review feedback from former students, online resources, and other references. Here is a compilation of the leading MBA colleges in India to aid aspiring candidates in their search for top-notch MBA programs in the country.

The National Institutional Ranking Framework (NIRF) was proposed and authorized by the Minister of Human Resource Development in 2015, following approval from the MHRD.  Universities across the nation have been ranked using a wide range of criteria and measures. 

Top 20 MBA Colleges in India with Fee Structure List 

Pursuing an MBA can be a significant investment, but many candidates believe it's worth the cost. To help students make an informed decision, we've compiled a list of the top 20 MBA colleges in India along with their fee structures. The below colleges provided top placement and  best management education. 

This way, students can carefully consider their options and choose the program that offers the best return on investment for their future career goals.

Rank	College Name	Program Offered	Exams	Fees
1	IIM Ahmedabad: Indian Institute of Management	Post Graduate Programme in Management (PGP) Leading to MBA Degree	CAT, GMAT	INR 23,20,000
2	IIM Bangalore: Indian Institute of Management	Post Graduate Programme in Management (PGP)	CAT, GMAT	INR 23,00,000
3	IIM Calcutta: Indian Institute of Management	Master of Business Administration (MBA)	CAT, GMAT	INR 22,60,000
4	IIM Lucknow: Indian Institute of Management	Post Graduate Programme in Management (PGPM)	CAT, GMAT	INR 19,25,000
NotRanked	XLRI Jamshedpur: Xavier School of Management	Post Graduate Diploma in Business Management (PGDM – BM)	XAT, GMAT	INR 23,60,000
NotRanked	ISB Hyderabad: Indian School of Business	Post Graduate Programme in Management	GRE, GMAT	INR 22,50,000
5	IIM Kozhikode: Indian Institute of Management	Post Graduate Program in Management (PGP)	CAT, GMAT	INR 19,00,000
6	SPJIMR Mumbai: SP Jain Institute of Management and Research	Post Graduate Diploma in Management (PGDM)	CAT, GMAT	INR 19,00,000
7	IIM Indore: Indian Institute of Management	Post Graduate Programme in Management (PGP)	CAT, GMAT	INR 21,07,000
8	IIFT New Delhi: Indian Institute of Foreign Trade	MBA in International Business	IIFT	INR 18,25,000
9	MDI Gurgaon: Management Development Institute	Post Graduate Programme in Management (PGPM)	CAT, GMAT	INR 20,86,670
10	NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies – SBM	Master of Business Administration (MBA)	NMAT	INR 20,80,000
11	IIM Udaipur: Indian Institute of Management Udaipur	Post Graduate Programme in Management (PGP)	CAT, GMAT	INR 13,54,000
12	IIM Shillong: Indian Institute of Management	Post Graduate Diploma in Management (PGDM)	CAT, GMAT	INR 14,60,000
13	IIM Trichy: Indian Institute of Management Tiruchirappalli	Post Graduate Programme in Management (PGPM)	CAT, GMAT	INR 14,00,000
14	Institute of Management Technology, Ghaziabad	Post Graduate Diploma in Management – PGDM	CAT, XAT, GMAT
15	IIT BOMBAY: Shailesh J Mehta School of Management Mumbai	Master of Management Programme	CAT	INR 8,30,000
16	IIM Ranchi: Indian Institute of Management	Post-Graduate Diploma in Management (PGDM)	CAT, GMAT	INR 15,10,000
17	IIM Raipur: Indian Institute of Management	Post Graduate Programme in Management (PGP)	CAT, GMAT	INR 14,20,400
18	IIM Rohtak: Indian Institute of Management	Post Graduate Programme in Management (PGP)	CAT, GMAT	INR 12,73,000

Below in this Top 20 MBA colleges in India with Fee Structures article we have mentioned the table that includes: 

The Top IIMs in India(21 IIMs) 

The aspiration to pursue an MBA from the Top IIMs in India is a common goal among many MBA aspirants. This is not surprising, given the reputation of IIMs as the premier management institutes in India, as reflected in various surveys and rankings. 

Pursuing an MBA from these top IIMs can open doors to success for students, and the following table highlights top IIMs in India(21 IIMs) according to the NIRF ranking 2023.

IIM Ahmedabad is the best management school in India and also ranks top in the NIRF ranking. For your convenience in this Top 20 MBA colleges in India with Fee Structures article I have provided the list of The Top IIMs in India (21 IIMs) with NIRF ranking, score, city, and many other details. So go through the below table for all this information: 

IIM colleges	IIM Fees
IIM Ahmedabad	Rs. 30,00,000 (Single Accommodation) Rs 32,00,000 (Married Student Housing)
IIM Bangalore	Rs. 24,50,000
IIM Calcutta	Rs 31,00,000
IIM Kozhikode	Rs 20,50,000
IIM Lucknow	Rs 20,75,000
IIM Udaipur	Rs 20,43,000
IIM Raipur	Rs 15,92,960 (Excluding boarding charges)
IIM Visakhapatnam	Rs 18,25,250 (excluding fees for international immersion programme)
IIM Rohtak	Rs 17,90,000
IIM Sambalpur	Rs 13,07,400
IIM Trichy	Rs 19,50,000
IIM Ranchi	Rs 17,50,000
IIM Sirmaur	Rs 11,75,000 (excluding fees for international immersion programme)
IIM Bodhgaya	Rs 15,50,000
IIM Jammu	Rs 17,15,000
IIM Amritsar	Rs 17,30,000
IIM Kashipur	Rs 17,30,000
IIM Shillong	Rs 14,60,000
IIM Indore	Rs 21,14,222
IIM Nagpur	Rs 18,00,000

NOTE: NITIE Mumbai, an acronym for National Institute of Industrial Engineering, has officially acquired the final approval on Wednesday through the release of the Gazette on the Indian Institute of Management (Amendment) Act 2023.  In the 2023 NIRF MBA rankings, the National Institute of Industrial Engineering (NITIE) in Mumbai achieved the 7th position.  

Top 20 MBA Colleges In India 2023-2024

When discussing the top 20 MBA colleges in India for the academic year 2023-2024, here is a list of them. Candidates can consider these colleges before applying for admission or they can also contact Formfees for information regarding the admission procedure in these top 20 MBA colleges in India for 2023-2024.  Now, let's explore the top 20 MBA colleges in India for the academic year 2023-2024. 

Rank	Top 20 MBA Colleges In India 2023-2024 list	City	State	Score
1	Indian Institute of Management Ahmedabad	Ahmedabad	Gujarat	83.20
2	Indian Institute of Management Bangalore	Bengaluru	Karnataka	80.89
3	Indian Institute of Management Kozhikode	Kozhikode	Kerala	76.48
4	Indian Institute of Management Calcutta	Kolkata	West Bengal	75.53
5	Indian Institute of Technology Delhi	New Delhi	Delhi	74.14
6	Indian Institute of Management Lucknow	Lucknow	Uttar Pradesh	74.11
7	National Institute of Industrial Engineering, Mumbai	Mumbai	Maharashtra	71.99
8	Indian Institute of Management Indore	Indore	Madhya Pradesh	71.95
9	XLRI-Xavier School of Management	Jamshedpur	Jharkhand	70.75
10	Indian Institute of Technology Bombay	Mumbai	Maharashtra	68.11
11	Indian Institute of Management Raipur	Raipur	Chhattisgarh	66.18
12	Indian Institute of Management Rohtak	Rohtak	Haryana	65.88
13	Management Development Institute	Gurugram	Haryana	64.88
14	Indian Institute of Technology Kharagpur	Kharagpur	West Bengal	63.92
15	Indian Institute of Technology Madras	Chennai	Tamil Nadu	62.83
16	Indian Institute of Management Udaipur	Udaipur	Rajasthan	62.78
17	Symbiosis Institute of Business Management	Pune	Maharashtra	62.74
18	Indian Institute of Technology Roorkee	Roorkee	Uttarakhand	62.14
19	Indian Institute of Management Kashipur	Kashipur	Uttarakhand	61.07
20	S.P. Jain Institute of Management & Research	Mumbai	Maharashtra	60.91

Top Non-IIMs MBA Colleges in India

Each year, thousands of students complete the application form in order to enroll in IIMs. However, it is well-known that these top colleges, such as the IIMs, have a restricted number of seats, with a maximum of 500. Therefore, it is not feasible for thousands of candidates to secure admission to these institutions.  

The candidates should be aware that there are numerous Non IIMs universities that offer excellent placement opportunities as well as comprehensive academic and practical education.  Below is a list of the top non-IIMs MBA colleges in India that students can choose to pursue MBA degrees. 

NIRF Ranking	Top Non-IIMs MBA colleges in India	Average Annual Fees (INR)
5	Indian Institute of Technology Delhi	5,12,000
8	Xavier Labour Relations Institute (XLRI), Jamshedpur	12,90,000
9	Indian Institute of Technology Kharagpur	50,000
10	Indian Institute of Technology Bombay	9,43,000
11	Management Development Institute, Gurugram	7,03,000
12	National Institute of Industrial Engineering, Mumbai	2,05,000
13	Indian Institute of Technology Madras	4,16,000
14	Indian Institute of Technology Roorkee	10,76,000
16	Indian Institute of Technology Kanpur	10,76,000
19	S. P. Jain Institute of Management & Research, Mumbai	10,95,000
20	Symbiosis Institute of Business Management, Pune	9,62,500
22	SVKM's Narsee Monjee Institute of Management Studies, Mumbai	9,39,000
24	Great Lakes Institute of Management, Chennai	9,12,000
25	Indian Institute of Foreign Trade, New Delhi	3,22,000
26	International Management Institute, New Delhi	5,60,000
27	ICFAI Foundation for Higher Education, Hyderabad	8,00,000
29	Amity University, Gautam Budh Nagar	5,12,000
30	Indian Institute of Technology (Indian School of Mines), Dhanbad	12,90,000
31	Kalinga Institute of Industrial Technology, Bhubaneswar	50,000
32	T. A. Pai Management Institute Manipal	9,43,000

Frequently Asked Questions about Top 20 MBA Colleges in India with Fee Structures

Q. What is the lowest MBA fee?

Ans. MBA Colleges with Low Fees 2024 that is Less than 1 Lakh are displayed below:

MBA Colleges with Low Fees	Annual Fees
Department of Management Studies, Anna University, Chennai	INR 20,500
Indian Institute of Business Management and Studies, Mumbai	INR 50,800
National Institute of Management, Mumbai	INR 40,700
RKDF University, Bhopal	INR 50,000

Q. Which is the No 1 colleges of MBA in India?

Ans. IIM Ahmedabad is widely regarded as the premier MBA college in India, surpassing all other IIMs in terms of excellence. It offers exceptional placement opportunities, as well as a comprehensive blend of theoretical and practical knowledge, supported by state-of-the-art facilities.   According to the NIRF ranking, IIM Ahmedabad is ranked as the top MBA institution in India in the list of the top 20 MBA colleges in India for the year 2023-2024.  

Q. Which college is best for MBA with less fees?

Ans. The colleges that are best for MBA with less fees mentioned below:

MBA College	Programme (MBA) Fee
Department of Financial Studies (DFS), DU	Rs. 0.48 lakhs
IGNOU Delhi	Rs. 0.37 lakhs
JMI New Delhi	Rs. 0.47 lakhs
UBS Chandigarh	Rs. 0.38 lakhs

Q. Which is the top 10 govt college for MBA in India?

Ans. The candidates should be aware that there is a wide assortment of MBA colleges in India, including private, government, and deemed institutions. The tuition prices vary across all of these MBA institutions. Below is a list of the top 10 government colleges for MBA in India: 

1. IIFT Delhi
2. JMI
3. IIM Rohtak
4. COEP
5. UNIPUNE
6. IIT Kanpur
7. AMU
8. IIM Kozhikode
9. NIT Calicut
10. Cochin University of Science and Technology

Q. What is the difference between an MBA and a PGDM? 

Ans. An MBA is a two-year postgraduate degree program given by universities. Conversely, PGDM is a diploma program offered by independent universities and business schools. MBA programs are affiliated with colleges and follow a more theoretical and academic approach, while PGDM degrees prioritize the industry and offer flexibility in curriculum design.  

Q. Which are the top MBA entrance exams in India accepted by IIMs?

Ans. The MBA entrance exams approved by the IIMs (Indian Institutes of Management) in India are considered to be the most prestigious. They are: 

1. CAT
2. XAT
3. GMAT
4. CMAT
5. MAT
6. NMAT
7. ATMA
8. MAH CET
9. SNAP
10. IBSAT