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Top 50 MBA Colleges

Top 50 MBA Colleges in India

Most people think of the IIMs when they talk about top MBA colleges in India. Over the years, the scenario has changed and many other MBA colleges have made it to the list of top MBA colleges in India 2022.

 Saurav Anand
 Saurav Anand 16/03/2022
Digital Marketer | Content Specialist & Researcher | Content Marketing @FormsADDA @Formfees- Empowering individuals to unlock the potential of their businesses through the limitless more

Top 50 MBA Colleges in India

Most people think of the IIMs when they talk about top MBA colleges in India.  Over the years, the scenario has changed and many other MBA colleges have made it to the list of top MBA colleges in India 2022MBA colleges in India include IIMs, XLRIs, ISBs, IITs, SPJIMRs, FMS Delhi Universities, MDIs, and IMTs, among others. There are many top MBA colleges in India, including the Indian Institutes of Management (IIM), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and many others. 

A number of options are available to you if you are considering an MBA program. On the other hand, you may be overwhelmed by the sheer amount of information you find on the internet about the Top business schools in India. We’ve created a table that shows the top 50 MBA Colleges in India along with their tuition fees, flagship programs, entrance exams, and average salary post-MBA.

There are several top MBA colleges in India, including IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, and IIM Indore. The usual eligibility criteria include graduation with a minimum of 50% grades. Admission to MBA Colleges is open to students from all disciplines. Candidates who seek an MBA will receive top-tier education, good placement chances, an alumni network, and instructors, among other benefits, in order to have the best learning experience and career.

Top 50 MBA Colleges in India

We have ranked the top MBA colleges in India based on post-MBA salary based on the most recent NIRF ranking 2021. The Indian Institutes of Management (IIM),  ISB, MDI,  IIT, SPJIMR, FMS Delhi University, XLRI ,IMT, and many more are among the top MBA colleges in India. Here is the table of Top 50 MBA Colleges in India.

Sr.noNIRF 2021 RankingTop MBA Colleges in IndiaLocationProgramAverage/Mean/Median Salary (INR)Tuition Fees(domestic)
Accepted Exam
12IIM BangaloreBangalorePGP28,96,00023,00,000CAT/GMAT
23IIM CalcuttaKolkataPGP27,00,00024,00,000CAT/GMAT
3NAIndian School of Business (ISB)HyderabadPGP28,29,00033,05,120GMAT/GRE
47IIM LucknowLucknowPGP26,00,00019,25,000CAT/GMAT
5NAFMS DelhiDelhiMBA26,00,0001,92,000GMAT/CAT
619SPJIMR MumbaiMumbaiPGDM25,00,00019,00,000GMAT/CAT/XAT
78XLRI Xavier School of ManagementJamshedpurPGDM (Business Management)24,30,00025,80,000XAT/GMAT/CAT
86IIM IndoreIndorePGP23,60,00016,20,000CAT/GMAT
911MDI Gurgoan – Management Development InstituteGurugramPGDM22,00,00021,34,000CAT/GMAT
101IIM AhmedabadAhmedabadPGP22,82,00023,00,000CAT/GMAT

Top MBA Colleges in India: Highlights

Entrance examinations are used to determine admission to MBA programs, which are then followed by a round of personality evaluations, a group discussion, a written ability test, and a personal interview. Students must have at least a 50% average in their undergraduate degree from any subject to be eligible for MBA courses.

Colleges Affiliated ToEQUIS, AICTE, etc.
RecognitionMHRD, AIU, UGC, BVB, etc.
Entrance Exams CAT, XAT, CMAT, MAT
SpecialisationsSales and Marketing, Human Resources, Foreign Trade, Finance etc
Approximate Fees70000 to 23,00,000 Approximate Fees

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 

  1. BITS School of Management (BITSoM) Powai, Mumbai.
  2. GNVS Institute of Management Sion, Mumbai.
  3. Chetana's Institute of Management and Research Bandra East, Mumbai.
  4. SP Jain School of Global Management Kurla West, Mumbai.
  5. Indira Institute of Business Management Navi 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 MBA or 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.

Top 10 MBA Colleges in Mumbai

Tabulated below is the list of top MBA colleges in Mumbai along with their fees structure.

College NameAverage Fees(INR)
SPJIMR, Mumbai17,50,000
NMIMS, Mumbai19,76,000
NITIE Mumbai12,53,000
JBIMS Mumbai6,00,000
K J Somaiya Institute of Management, Mumbai14,94,000
SIES, Mumbai7,20,000
SIMSREE, Mumbai1,46,000
IESMCRC, Mumbai6,00,000
Chetana’s Institute of Management and Research6,60,000
SDA Bocconi Asia Center, Mumbai18,60,000

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 CollegeAverage Annual Fees
Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], MumbaiINR 6,91,000
National Institute of Industrial Engineering - [NITIE], MumbaiINR 7,03,000
IIT Bombay - Indian Institute of Technology - [IITB], MumbaiINR 50,400
Mumbai University - [MU], MumbaiINR 55,000
Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], MumbaiINR 1,00,905
Hansraj Jivandas College of Education, MumbaiINR 6,600
Thakur Institute of Management Studies and Research - [TIMSR] MumbaiINR 63,791
Vikas Night College of Arts Science and Commerce, Mumbai-
Thakur Global Business School - [TGBS], MumbaiINR 4,80,000
Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], MumbaiINR 1,99,000

List of Top 50 MBA Colleges in India

4IIM KozhikodeKozhikode
5IIM IndoreIndore
6IIM LucknowLucknow
8IIT KharagpurKharagpur
9IIT BombayBombay
11NIIE MumbaiMumbai
12IIT MadrasMadras
13IIT RoorkeeRoorkee
14IIM RaipurRaipur
15IIT KanpurKanpur
16IIM TiruchirappalliTiruchirappalli
17IIM UdaipurUdaipur
21IIM ShillongShillong
22Great LakesChennai
23IIFTNew Delhi
25IIM RohtakRohtak
26IIT DhanbadDhanbad
29IIM KashipurKashipur
30Xavier UniversityBhubaneswar
35IIM NagpurNagpur
36BML Munjal UniversityGurgaon
38Fore School of ManagementNew Delhi
39BIMTGreater Noida
40Chandigarh UniversityMohali
41Taxila Business SchoolJaipur
44NIT TiruchirappalliTiruchirappalli
45Aligarh Muslim UniversityAligarh
46KREA UniversitySri City, Chittoor
47Guru Gobind Singh Indraprastha UniversityNew Delhi
48International Management InstituteKolkata
49PSG College of TechnologyCoimbatore
50Chitkara UniversityRajpura

IIM-A is widely regarded as the top MBA program. IIM-A is a top MBA College because of its excellent teachers, talented alumni, and excellent placements. Recently, IIM-B has outperformed IIM-A in worldwide and a few national rankings. It has emerged as a major competitor for IIM-A.

MBA universities such as IIM Calcutta, XLRI, and NMIMS are among the top 50 MBA colleges in the world. Other top MBA schools include MDI, JBIMS, FMS, IMI, IMT, TAXILA, SPJIMR, and others.

Here is a list of some best MBA colleges including both Government and Private Business schools.

List of Top MBA colleges (Government):

  1. IIM-A
  2. IIM-B
  3. IIM-C
  4. FMS-DU
  5. IIM-K

List of Top MBA colleges (Private):

  1. ISB-Hyderabad
  2. XLRI-Jamshedpur
  3. NMIMS

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. 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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