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Top Tier 1 Business Schools in India: Fees, Admission, Placement

Top Tier 1 Business Schools in India: Fees, Admission, Placement

So have you heard about the MBA? Let’s understand what you mean by and it’s an abbreviation which stands for Master of Business Administration and it is one of the most reputed degrees after graduation in the world. MBA is a program which provides individuals with many skill sets such as financial skills, marketing,  management, […]

 Saurav Anand
 Saurav Anand 11/10/2023
Digital Marketer | Content Specialist & Researcher | Content Marketing @FormsADDA @Formfees- Empowering individuals to unlock the potential of their businesses through the limitless more

So have you heard about the MBA? Let's understand what you mean by and it's an abbreviation which stands for Master of Business Administration and it is one of the most reputed degrees after graduation in the world. MBA is a program which provides individuals with many skill sets such as financial skills, marketing,  management, strategy and entrepreneurship. It's not just about learning the knowledge but it's also about critical thinking, decision making and problem solving skills.

MBA provides practical knowledge rather than just a theoretical one, a student will get engaged in real projects, case studies and offline gets a chance to work as an intern with big companies. This work experience provides an individual with the talent of tackling the complex challenges of this real business world. MBA is a degree which helps an individual to improve themselves whether it's a fresher or a professional. Through MBA an individual is having the scope of improving herself or himself in this evolving business world.

If you ask me that I would suggest an individual to to do MBA because it send investment that will provide knowledge skills and ample amount of opportunities through which an individual gets a variety of options for earning or getting successful in his or her career.

What are Tier 1 MBA colleges in India?

Tier MBA colleges are well recognized colleges for their academic excellence.Tier1 colleges usually accept cat scores as a valid criteria for admission.

I have provided a list of all the Top Tier MBA colleges in India. A candidate can take admission in a tier of colleges by giving an entrance exam.

List of Top Tier MBA Colleges Fees

College NameCourses OfferedFees (in Rs)
Indian Institute of Management (IIM) AhmedabadMBA, Executive MBA, FellowshipRs.24,61,000
Indian Institute of Management (IIM) BangaloreMBA, PGDM, Executive MBARs.24,50,000
Indian Institute of Management (IIM) KozhikodeMBA, PGDM, PhD in ManagementRs.20,50,000
Indian Institute of Management (IIM) CalcuttaMBA, PGDM, Executive MBARs.27,00,000
Indian Institute of Technology (IIT) DelhiMBA,MBA Telecom, Executive MBARs. 11.20 Lacs
Indian Institute of Management (IIM) Lucknow  MBA, PGDM, Graduate Diploma in ManagementRs.23,80,000  
National Institute of Industrial Engineering, MumbaiMBA, PGDM, FellowshipRs.7,03,000
Indian Institute of Management (IIM) Indore  MBA, PGDM, Ph.D. in ManagementRs.21,14,222
Xavier School of Management (XLRI), JamshedpurMBA, PGDM, Ph.D. in ManagementRs.12,90,000
Indian Institute of Technology (IIT) BombayMBARs.4,91,000

Admission Process through CAT

Maximum Tier 1 MBA colleges are accepting CAT as their entrance exam so lets understand why CAT is an important exam from the perspective of colleges.

CAT is short form for Common Admission Test, it is considered as one of the most prestigious and competitive exam in India. It is conducted by IIM and accepted by many private institutions as well.

CAT is an computer based exam that assesses candidates on the basis of their aptitude in verbal, quantitative and data interpretation skills. This competitive exam is not just testing the academic aspects of an individual but also checks the problem-solving abilities and decision making skills that acts as an important factor in the real business world.

The examination is known for its very tough selection process, a candidate should not only know the answers but also need to solve paper with accuracy and speed, because there  is a time-limit in which one needs to solve the paper.

Name of the IIMExpected Cutoff
IIM Calcutta99
IIM Ahmedabad99 - 100
S. P. Jain Institute of Management and Research (SPJIMR), Mumbai95+
Management Development Institute (MDI), Gurgaon94+
Shailesh J. Mehta School of Management (SJMSoM), IIT Bombay94+
IIM Bangalore99 - 100
IIM Lucknow97 - 98
IIM Indore97 - 98
Institute of Management Technology (IMT), Ghaziabad90+
VGSoM, IIT Kharagpur95+
DIME, IIT Kanpur92+
IIM Kozhikode97 - 98
IIM Udaipur92 - 94
IIM Rohtak95 - 96
IIM Sirmaur91
IIM Nagpur95 - 96
IIM Visakhapatnam91
BIM Trichy90+
IMI Delhi: International Management Institute90+
Great Lakes Institute of Management, Chennai90+
IIM Raipur94 - 95
IIM Bodhgaya92 - 94
IIM Ranchi94 - 95
IIM Kashipur94 - 95
IIM Shillong91
IIM Jammu92 - 94
IIM Sambalpur95 - 96
IIM Amritsar95 - 96
IIM Tiruchirappalli94 - 95

After the CAT the individual has to wait until IIM will announce the CAT 2023 result usually in the Second week of January 2024. After the result of CAT 2023 IIM will start releasing their Individual list of Cutoffs.

After the list of the colleges accepting the CAT percentile candidate is free to apply to any IIM and Non-IIM colleges in India. But the candidate has to apply in a limited period of time.

Before getting selected for any IIM the candidate has to go through Group Discussion (GD), Written Ability Test (WAT), and a Personal Interview (PI). After clearing all these tests the list of selected candidates will be announced by the colleges and after that candidate has to respond for the reservation of his/her seat in a period of 1 month. And all the admission process like fees and other administrative activities can be done after this.

List of Top 20 Tier 1 MBA Colleges on the basis of Placement

Top MBA College by Average SalaryMBA Average Salary 2023
IIM BangaloreRs. 35.31 LPA
IIM CalcuttaRs. 35.07 LPA
FMS DelhiRs. 34.10 LPA
ISB HyderabadRs. 34.21 LPA
IIM AhmedabadRs. 35.68 LPA
SPJIMR MumbaiRs. 33.02 LPA
XLRI JamshedpurRs. 32.70 LPA
IIM LucknowRs. 32.20 LPA
IIM KozhikodeRs. 31.02 LPA
IIM IndoreRs. 30.21 LPA
IIFT Delhi & KolkataRs. 29.10 LPA
SJMSoM IIT BombayRs. 28.88 LPA
JBIMS MumbaiRs. 28.02 LPA
MDI GurgaonRs. 27.67 LPA
TISS MumbaiRs. 27.22 LPA
IIM ShillongRs. 26.96 LPA
SIBM PuneRs. 26.77 LPA
NMIMS MumbaiRs. 26.63 LPA
DMS IIT DelhiRs. 25.82 LPA

List of Placements from all IIMs

MBA CollegeAverage Salary 2023 (Rs. in Lakhs
IIM BangaloreRs.35.31 LPA
IIM CalcuttaRs.35.07 LPA
IIM AhmedabadRs. 35.68 LPA
IIM LucknowRs.32.20 LPA
IIM KozhikodeRs.31.02 LPA
IIM IndoreRs.30.21 LPA
IIM ShillongRs.26.96 LPA
IIM RaipurRs.21.04 LPA
IIM TiruchirappalliRs.20.55 LPA
IIM UdaipurRs.20.32 LPA
IIM RohtakRs.18.73 LPA
IIM KashipurRs. 18.11 LPA
IIM RanchiRs. 17.30 LPA
IIM NagpurRs.16.74 LPA
IIM AmritsarRs.16.51 LPA
IIM SambalpurRs.16.64 LPA
IIM JammuRs.16.43 LPA
IIM Bodh GayaRs.16.00 LPA
IIM VisakhapatnamRs. 15.47 LPA
IIM SirmaurRs. 14.45 LPA

Frequently Asked Questions about Top Tier 1 Business Schools in India

Q. What is a tier 1 MBA college?

Ans. Tier 1 MBA institutions are the best business schools in India and are classified as Tier 1 MBA colleges. Tier 1 institutions excel in the following areas: academics, infrastructure, faculty, research, placements, the alumni network, and national/international presence. They also have excellent NIRF/NAAC scores.

Q. What are the lists of top 10 Colleges accepting CAT scores 80-90 percentiles?

Ans. Below are the lists of the top 10 Colleges accepting CAT scores 80-90 percentiles

Q. Which B-school has the best placement?

Ans. IIM Bangalore is the top runner among top B-schools with the highest average salary of Rs. 35.31 LPA followed by IIM Calcutta with an average salary of Rs. 35.07 LPA and FMS Delhi with average salary of Rs. 34.10 LPA in placement 2023.

Q. Which is the top 1 B-school in India?

Ans. Regarded as one of India's most credible B-school Rankings, this prestigious ranking puts IIM Bangalore as No 1 B-school in India. IIM Calcutta at #2 Rank and IIM Ahmedabad at #3 Rank are amongst Top 3 B-schools in India.

Q. Which IIM has lowest fees?

Ans. For the second generation IIMs like IIM Ranchi, IIM Rohtak, IIM Kashipur, IIM Udaipur, etc, the fees ranges between INR 15 lakhs to INR 20 Lakhs. Finally, the IIM MBA fees for the baby IIMs like IIMs Bodh Gaya, IIM Nagpur, IIM Shillong, etc start from INR 13 LPA and can go up to INR 20 LPA.

Q. What can I get with 80 percentile in CAT?

Ans. Candidates can get into some decent MBA colleges with 80 percentile in the CAT exam such as Indian Institute of Financial Management and Research, Changambakkam, SP Jain Institute of Management and Research and so on.

Q. Are all IIMs tier 1?

Ans. Tier 1 MBA colleges in India include IIMs, IITs, XLRI, SPJIMR, and others. In November, the IIMs hold the CAT test for MBA admission. The MBA admissions process at Tier 1 MBA institutions in India begins in January. The admissions procedure for the MBA Course is done online.

Q. Is there any other entrance exam apart from CAT, for MBA admission?

Ans. Yes, there are over 50 MBA entrance exams in India out of which, about seven are conducted at national level. Candidates can opt for CMAT, MAT, XAT, IIFT, SNAP, GMAT, ATMA, instead of CAT. The exam pattern and syllabus of all MBA entrance exams are same with varying degree of difficulty level and number of questions. Some of the exams have an extra subject of General Awareness too.

Q. What are the Top 5 MBA branch?

Ans. The top 5 MBA branch are:

  1. MBA in Finance.
  2. MBA in Human Resource Management.
  3. MBA in Information Technology (IT)
  4. MBA in Marketing Management.
  5. MBA in Business Management.

Q. Which IIM has the lowest cutoff?

Ans. The overall lowest cut-off for top IIMs:

Sr. No.IIMsMinimum overall cut-off
1.IIM Ahmedabad80 percentile
2.IIM Bangalore90.6 percentile
3.IIM Calcutta90 percentile
4.IIM Lucknow90 percentile

Q. What is the difference between CAT score and CAT percentile?

Ans. CAT score is the total marks obtained by a candidate in the exam which is a sum total of their correct/incorrect attempt and unanswered questions. It is important to understand the difference between CAT score and CAT percentile because IIMs and all MBA colleges in India select candidates on the basis of their CAT percentile and not score. The CAT percentile is referred to as rank of a candidate against rest of the test takers. The percentile indicates the total percentage of candidates who scored less than or equal to a particular candidate in CAT.

Q. Are Tier 2 MBA colleges good?

Ans. Tier 2 MBA colleges are well equipped with modern infrastructure, some are pocket-friendly, and have good faculty and placement cells. Some of the private tier 2 MBA colleges also offer exchange programs with foreign universities. These institutes are also ranked in the top 50, in the MBA institute ranking order.

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