Indian Institutes are highly administered as a magnet for students aspiring to pursue careers in business administration. With the increasing globalization of education and an ever-increasing demand for business administration education, an increasing number of institutes have begun to offer Masters in Business Administration degrees (MBA).
Top MBA Institutes in India are typically found in metro cities such as Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Pune, etc. where there are a greater number of top-tier educational institutions to choose from. The high cost of such institutes is offset in part by their excellent reputation, which attracts students from all over the country.
Here we the going to see the Top MBA Institutes of India. There are more than 5,000 Institutes in India. Out of these about 3,000 colleges are private, nearly 500 are government Institutes and the rest are private-public.
The top MBA Institutes in India according to the MHRD-NIRF rankings 2021, are IIM Bangalore, IIM Ahmedabad, IIM Calcutta, IIM Kozhikode, and IIM Indore. Other popular B-Schools include MDI Gurgaon, XLRI Jamshedpur, IMI, VIT, Fore School of Management, SPJIMR, and the Department of Management Studies of the IITs, all of which are ranked among the top MBA colleges in India NIRF Rankings and other B-school surveys conducted by India Today, Outlook, and Business Today. Top MBA Colleges in India with fees ranging between Rs. 10 lakhs (Annual fees).
Top 5 MBA Institute in India:-
IIM Ahmedabad is India’s best business school and has been intensified twice at the first slot in the NIRF- rated Top Management Colleges in India in last three years. It is ranked 20 by Financial Times for Masters in Management globally. The college has also been awarded Best Agribusiness School Award 2021, for its MBA-FABM course.
IIM Ahmedabad Placements 2022 are in process. The college has completed cluster 3 placements where UnDosTres was the biggest recruiter till now. The greatest number of offers have been made by the FinTech Firms. For IIM placement season 2021, the average package offered to the student was 25 LPA and a maximum of 21 offers made by Finance firms, followed by Sales & Marketing firms.
- 388 students accepted offers from 153 recruiters.
- Highest CTC: INR 58.88 (domestic) / INR 1.32 Cr (international)
- Average CTC: INR 26.13 (gone up from INR 25.83 LPA in 2021)
|Financial Times Ranking 2022||62|
|QS World University Rankings 2022||46|
|FT (Financial Times) Global MBA Ranking 2021||48|
|QS Global MBA Ranking 2021||50|
|Outlook India I-CARE Management 2021||1|
|Eduniversal Best Masters Ranking in Agribusiness/ Food Industry Management 2021||1|
|Business Today 2021 (Overall)||2|
|Business World 2020||1|
IIM Bangalore has already completed the placement drive for 2020-22 batches. Students attained 100% placements. Reputable recruiters like Microsoft, Oracle, OYO, Amagi Labs, Google, Atlassian etc. visited the campus for the placement process. The major highlights of the placement drive of IIM Bangalore are given below:
- 513 students partook in the placement process.
- The placement percentage stood at 100%.
- Students procured 662 offers.
- Number of offers increased by 37% compared to the last year.
- Consulting companies offered 248 jobs.
- 141 offers came from the IT & Product Management domains.
|No. of Eligible Students||513|
|Number of Offers||542|
|Mode of Placements||Online|
|Top Sector||Consulting Sector|
IIM Calcutta (also known as IIM Kolkata) was the first institute inaugurated under the IIM legacy. IIM Calcutta has been ranked 3 under the Management category by NIRF 2021. IIM Calcutta is considered as one of the best B-schools in the country for Management education. The institute offers PG, doctoral and executive program to the students out of which MBA (or PGPM) is the flagship course.
|The establishment year||1961|
|Rankings||- 1 for 'MBA' by India Today 2021|
- 3 for 'MBA' by Outlook 2021
- 3 for ‘Management’ by NIRF 2021
|Campus area||135 acre|
|Total faculty members||80+|
|Total courses offered||5 courses across 8 departments|
|Entrance exams accepted||CAT, GMAT, GRE, GATE, UGC-NET/ JRF|
|Partner institutes||- Bocconi University, Italy|
- Copenhagen Business School, Denmark
- Ivey Business School, Canada
|Type of scholarships offered||- Merit-based, Reserved category scholarships|
Total 465 students of IIM Calcutta’s 57th batch were placed during IIM Calcutta placements 2022. A rise of 17% was witnessed in the average package in 2022 as compared with 2021. Further, the average package offered during IIM Calcutta placements 2022 was INR 34.2 LPA. The top recruiting sector during IIM Calcutta placements 2022 was the consulting sector which made 49% of the total offers. The top recruiters of IIM Calcutta in 2022 included leading companies such as
- Bain & Company
- Accenture Strategy
- Boston Consulting Group
The highlights of IIM Calcutta placements 2022 are illustrated below:-
|No. of students placed||465|
|No. of companies visited||190+|
|Average package||INR 34.2 LPA|
|Median package||INR 31 LPA|
|No. of offers||631|
|Top recruiting sector||Consulting (49% offers)|
IIM Lucknow is the fourth IIM set up by the Government of India in 1984, also known as “Institution of Excellence” by the Ministry of HRD. The B-school featured on 7th spot in NIRF Management College Rankings in 2021, released by Ministry of Education, Government of India.
|Rankings||- 31 by QS Asia Rankings 2022|
- 201-250 by QS World Rankings 2022
- 7 for ‘Management’ by NIRF 2021
|Location||Lucknow, Uttar Pradesh|
|Membership and accreditations||AACSB, AMBA|
|Number of courses||40+|
|Entrance exams accepted||CAT/ XAT / GATE/ GMAT/ GRE/ UGC NET/ CSIR NET|
|Scholarships||Need-based, Fellowship grants|
IIM Lucknow has assumed its final placements for the batch of Post Graduate Program (PGP) and Agro Business Management (ABM) programs passing out in 2022. IIM Lucknow placements 2022 observed the highest international package of INR 61.59 LPA, whereas the highest domestic package stood at INR 58 LPA. The top recruiters of IIM Lucknow in 2022 included some leading companies like Aditya Birla Group, Accenture, Adobe, Alliance Bernstein, Alvarez and Marsal, Amagi, American Express, Asian Paints, Atlassian, Avendus Capital, among others. Whereas, the international offers were extended by companies such as Omnibiz, Landmark, Splash, etc.
|No. of offers made||450+|
|Highest international salary offered||INR 61.59 LPA|
|Highest domestic salary offered||INR 58 LPA|
|Average salary offered||INR 26 LPA|
|Median salary offered||INR 23.5|
Indian Institute of Technology (IIT), Kharagpur (IITKGP) is an independent university that has inaugurated in 1951. IIT Kharagpur is ranked 5 for Engineering and Law by NIRF 2021. IIT Kharagpur delivers undergraduate, postgraduate, and Ph.D. programs, and the academic units include Faculty of Eng. and Architecture, Faculty of Bio-Technology and Biosciences, Faculty of Sciences, Faculty of Humanities, Social and Economic Sciences, Faculty of Interdisciplinary Sciences and Eng., School of Management and School of Law.
|Campus size||2100 acres|
|No. of students placed every year||1,500|
|Rankings 2021 (NIRF)||- 5 for Engineering|
- 5 for Law
- 9 for Management
|Types of scholarships offered||Merit-based, need-based|
|No. of recruiters||250+|
|No. of faculties||650|
In 2021, IIT Kharagpur has set a record of achieving the fastest-ever 1,600 placement offers during phase 1 of IIT Kharagpur placements. According to media reports, the institute got 35 international offers and the highest package was INR 2.4 crore and INR 2 crore.
In addition, more than 245 companies have visited the campus of IIT Kharagpur. Also, more than 400 pre-placement offers (PPO) and 800 internship offers are made during the placements. The top recruiters who visited the campus includes HUL, Google, Microsoft, American Express, and Samsung.
The IIT Kharagpur placements 2021-22 highlights are presented in the below:-
|Highest Salary||INR 2.40 crore per annum|
|No. of recruiters||245+|
|No. of offers||1,600|
|No. of International offers||35|
|No. of PPO||400|
|Top recruiters||Google, Microsoft, Amazon|
Top MBA Institute in India Highlights
|Total MBA institutes in India||5,000 colleges|
|Fees||-Annual Fee < Rs 1 lakh: 30%|
-Annual Fee Rs 1-2 lakh: 33%
|Main Specializations||Finance, Sales and Marketing, HR, IT and Systems, Operations, International Business, Business Analytics|
|Admission Process||- Entrance Based|
|Top MBA institutes in India||20 IIMs|
MBA is one of the most sought-after post-graduate program in India. This two-year program is a gateway to innumerable job opportunities in the corporate world. Scholars from different backgrounds such as Science, Commerce and Humanities opt for MBA. A regular MBA is a two-year course which is spread across four semesters.
The top MBA Institutes in India give admissions to students based on the scores obtained by them in various national or state-level examinations such as CAT, XAT, MAT, CMAT, ATMA, SNAP, MAH CET, KMAT, etc. There are numerous MBA colleges in major cities across India as in Delhi-NCR, Mumbai, Bangalore, Pune, Kolkata, Hyderabad, etc.
Top MBA Institute in India Eligibility Criteria
The eligibility criteria for MBA courses are different for different colleges. Nevertheless, the basic MBA eligibility criteria is same, including:-
- Aspirants must have certified graduation in any discipline or equivalent from a recognized university as a basic eligibility criterion for MBA (full-time).
- Most of the institutes follow the minimum score criteria in graduation which is 50% aggregate or equivalent CGPA. For reserved category scholars, the minimum score is 45% aggregate or equivalent CGPA.
- Final-year graduation aspirants are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.
Top MBA Institutes In India Based On NIRF Ranking
NIRF gives a ranking for the institutes based on various parameters including:-
- learning and resources
- research and professional practices
- graduation outcomes
- outreach and inclusivity
Here is the list given below which portrays the top 10 MBA institutes in India based on the Ranking of NIRF.
|Name of the Institute||NIRF Ranking|
|Indian Institute of Management, Ahmedabad||1|
|Indian Institute of Management, Bangalore||2|
|Indian Institute of Management, Calcutta||3|
|Indian Institute of Management, Lucknow||4|
|Indian Institute of Technology, Kharagpur||5|
|Indian Institute of Management, Kozhikode||6|
|Indian Institute of Management, Indore||7|
|Indian Institute of Technology, Delhi||8|
|Xavier Labour Relations Institute (XLRI)||9|
|Management Development Institute (MDI), Gurugram||10|
TOP Private MBA Institute in India With Fees
|Name of the Institute||Course Fee (in Rs)|
|XLRI||20.95 lakh - 26 lakh|
|MDI, Gurgaon||12.8 lakh - 23.58 lakh|
|SP Jain Institute of Management and Research (SPJIMR)||17.5 lakh|
|Symbiosis Institute of Management (SIBM)||14.42 lakh - 19.22 lakh|
|Great Lakes Institute of Management||11.81 lakh - 15.91 lakh|
Top Government MBA Institute in India With Fees
|Name of the Institute||Course Fee (in Rs)|
|IIM Ahmedabad||10 lakh - 23 lakh|
|IIM Bangalore||14 lakh - 23 lakh|
|IIM Calcutta||20 lakh - 24 lakh|
|IIM Lucknow||5.5 lakh - 19.25 lakh|
|IIM Indore||15.01 lakh - 26 lakh|
Top Semi-private MBA Institute in India with Fees
|Name of the Institute||Course Fee (in Rs)|
|National Institute of Bank Management Name||10.38 lakh|
|Gautam Buddha University||4.13 lakh to 6.76 lakh|
|NSHM Knowledge Campus||4.13 lakh|
|National Institute of Construction Management and Research||4.34 lakh to 10.56 lakh|
|Shri Ram Institute of Management||38.2 K|
Top MBA Institute in India Location Wise
|Location||No. Of Institutes|
Top MBA Institute in India Based on ROI
Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the retrieval of the fee invested by the aspirant while studying and the return he/she gets in the form of placements. Relate to the table below to know the top MBA institutes in India with the average annual fee and average placement package:
|Name of the Institute||Annual Average Fee (in Rs)||Average Placement Package (in Rs)|
|IIM Bangalore||23 lakh||23 LPA|
|IIM Calcutta||20 lakh - 24 lakh||23.75 LPA - 25.1 LPA|
|MDI Gurgaon||12.8 lakh - 23.58 lakh||18 LPA - 19.82 LPA|
|IIM Ahmedabad||10 lakh - 23 lakh||26.13 LPA - 61.76 LPA|
|IIM Lucknow||5.5 lakh - 19.25 lakh||24.25 LPA|
|Northpoint Centre of Learning||7.07 lakh||4 LPA|
|Roorkee Institute of Technology||2.39 lakh||5 LPA|
|Alpha College of Engineering||1 lakh||3 LPA|
|Global Academy of Technology||1.08 lakh||3.25 LPA|
TOP Companies for placement of Top MBA Institute in India
|Sri Sai Group of Institutes - Admission Office, Delhi||Ambuja Cement, CSC, Dell, Genpact, HCL, HDFC Bank, ICICI, Reliance, Vodafone, Wipro, etc.|
|Northpoint Centre of Learning, Mumbai||Dentsu Aegis, Future Group, Google, JWT, Kotak Securities, Leo Burnett, Lowe Lintas, Ogilvy, PepsiCo, Webchutney, etc.|
|RVS Institute of Management Studies and Research, Coimbatore||Accenture, American Express, Aptara Corp, BNP Paribas, Cipla, Cognizant, Ford Motors, Genpact, HCL, HP, IBM, Infosys, KPMG, Oracle, PWC, Sundaram Finance, Target, Tech Mahindra, Thomson Reuters, Wipro, etc.|
|School of Management and Business Studies, Kottayam||Decathlon, TCS, L&T Finance, MyG, etc.|
|Bhavan’s Centre for Communication and Management, Bhubaneswar||Aditya Birla Group, Amazon, Armani, Axis Bank, Bajaj Capital, Bandhan Bank, Big Bazaar, Britannia, Calvin Klein, CEASE FIRE, DCB Bank, Deluxe, eClerx, Flipkart, HDFC Bank, HDFC Home Loans, HSBC, ICICI, Just Dial, Karvy Stock Broking, Kotak Bank, Kurlon, OM Logistics Limited, Pantaloons, Paytm, RBS, Redington, Reliance, Reliance Communication, SBI Life, Shoppers Stop, Spandana, Tech Mahindra, Videocon, Visa Steel, Wipro, etc.|
|National Institute of Pharmaceutical Education and Research S.A.S. Nagar, Punjab||Pfizer, Dr. Reddy's, Hetero labs, GSK Pharmaceuticals, Eli Lilly, AstraZeneca, Sun Pharma, Novartis, IMS, etc.|
Top MBA Specialization in india
In India, an MBA course is offered across several specializations. Some of the most popular ones are:-
- Sales and Marketing
- Human Resources
- IT and Systems
- International Business
- Healthcare & Hospital
- Supply Chain
- Business Analytics
- Retail, etc.
The most popular and sought-after MBA specializations out of these are MBA in Finance and MBA in Sales and Marketing followed by MBA in Human Resources.
Affordable MBA Cources in India
Based on Statistics, pursuing an MBA in India from top-rated colleges is somewhat priced. The top 10 MBA institutes in India are nevertheless have high fees. Nearly 63 percent of the colleges in India have a course/ annual fee that of less than Rs 10 lakh, which includes:-
- IIT Kanpur
- DMS IIT Delhi
- IIT Roorkee
- IIT Madras
- SJMSOM IIT Bombay
- IIT Kharagpur
Around 31 percent of MBA colleges have a fee structure that ranges from Rs 10-20 lakh, which includes:-
- IIM Lucknow
- IIM Udaipur
- IIM Raipur
- IIM Ranchi
- IIM Indore
Around 6 percent of MBA colleges have a fee structure of more than Rs 20 lakh, including:-
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- MDI Gurgaon
- XLRI, Jamshedpur
- XIM Bhubaneswar
TOP MBA Institutes in India Cutoff
The top MBA institutes in India offer admission to aspirants on the basis of entrance exam of cut offs. The college cutoff ranges between 95 to 100 at top MBA institutes in India. Check the below table for average admission cutoff percentiles of top 10 MBA institutes in India, ranked by NIRF.
|College Name||College Cutoff|
|IIM Bangalore cutoff||99-100 percentile|
|IIM Ahmedabad cutoff||98-99 percentile|
|IIM Calcutta cutoff||98-99 percentile|
|IIM Lucknow cutoff||98-99 percentile|
|IIT Kharagpur cutoff||90-95 percentile|
|IIM Kozhikode cutoff||95-98 percentile|
|IIM Indore cutoff||95-98 percentile|
|IIT Delhi cutoff||90-95 percentile|
|XLRI Jamshedpur cutoff||92-94 percentile|
|MDI Gurgaon cutoff||94-98 percentile|
Frequently Asked Questions
1. Is there any program offered by IIM Ahmedabad which I can do without leaving my job?
Ans. Yes, The ePGD-ABA is a 16 months’ diploma program offered by IIM Ahmedabad. Delivered through a blend of online and on-campus class room sessions. Given that this program is meant for working professionals, the classes will be held on Weekends and public holidays. This format is to help you advance your career while working.
2. How is the network connectivity like in IIM Ahmedabad ?
Ans. IIM Ahmedabad provides an IT infrastructure which has a goal of creating a digitally smart campus where devices and applications can be accessed and run smoothly without any interventions. The Computer Centre’s main focus is on providing high availability, mobility, security, automation, and easy of management so that your work never stops. The students are expected to bring in their own laptops and tablets for research and other purposes. IIM Ahmedabad has one of the best Internet networks in the subcontinent for its faculty members and students.
3. Is CAT score compulsory for IIM Ahmedabad EPGP?
Ans. CAT score is compulsory screening process of IIM PGP admission. For candidates without a CAT score, they must have either a valid GMAT or GRE score. After screening, candidates are called for a written test and personal Interview.
4. What are the selection criteria for International Candidates at IIM Bangalore?
Ans. IIM Bangalore MBA International Admission is conducted via GMAT score. Interested candidates can submit a direct application. The final selection is based on following components performance:
Writing Ability Test Performance
5. What is so unique about the IIM Calcutta library?
Ans. The B. C. Roy Memorial Library of IIM Calcutta, which started with a liberal Ford Foundation grant, has grown over the years, steadily catering to the changing information needs of the users.The IIM C library is contemplated to be the largest management library in Asia.Through the library with an enlarged database, students can gain access to over 140,000 reference works and 1500 periodicals, and access to the entire electronic collection.
6. How is the International Exchange Program of IIM Calcutta?
Ans. The international Student Exchange Program (STEP) forms an essential part of IIM Calcutta’s vocation to establish itself as a global center of excellence in management education. The program offers students an opportunity to study and learn in culturally diverse environments, helping them to become global managers. Since inception, IIM Calcutta has build strong relationships with 40+ prestigious B-schools in North & South America, Europe, Australia, and Asia.
7. What are the career options available after FPM at IIM Lucknow?
Ans. FPM stands for Fellow Program in Management. It is a doctoral degree with a duration of 4-years. This program is meant for training people for research and academics. After the completion of the degree, one can find jobs in academic institutions like IIMs, MDI, and XLRI. Many companies are concerned about research – to develop better solutions and methods to get a competitive advantage. Thus many companies have started their own research wings, like IBM, Deloitte, GE, etc.
8. How realistic are my chances of getting into one of the top MBA institutes in India? What should I be working on?
Ans. IIMA’s rule of Top 1% or 100: According to this rule, IIM will give a direct call to the top 1% or 100 students (whichever is lower) based only upon CAT percentile from each academic background. So if you are from Arts or Commerce, there’s a chance to receive a direct call if you manage to be in the top 1% or 100 of your stream in CAT.
Just focus on two things right now:
Justification of why the scores were low.