The IIMs in India have long been the top choice for CAT toppers. Every MBA applicant in India aspires to study at IIM. Pursuing an MBA at an IIM may provide you with a wonderful campus environment, a high-quality education, and job placement with top recruitment firms. So, if you are considering to get admission at an IIM for your MBA, you should be aware of some facts about IIMs in India.
If you want to understand about the Best IIM in India for MBA that you may consider for applying to MBA program, you should read this post till the end.
Students who have completed their undergraduate education may question which management university in India is the best option for them to pursue an MBA Degree. And, without a question, you should pursue your MBA at the IIMs because of their reputation and the benefits that come with studying at the nation's most famous MBA institution.
This article discusses the Best IIM in India with fee structure, placement incentives, eligibility conditions, admission requirements, and selection criteria at IIIMs.
So, let us start by looking at the details of Best IIM in India, IIM Ranking 2023, IIM College fees, Best IIM in India for MBA, etc.
You can check the important highlights of Best IIM in India in the table below:
Course duration | MBA -2 years IPM – 5 years |
Eligibility | 50% in Undergraduate degree (any stream) |
Admission Criteria | Entrance exam |
Entrance Exams accepted | Common Admission Test - CAT |
Top Specialisations in MBA | Finance, Healthcare & hospital, Operations, Sales & marketing, Human resources, International Business, IT & Systems, Business Analytics, Entrepreneurship, Supply Chain, etc. |
The Indian Institutes of Management (IIMs) are located throughout India in places such as Ahmedabad, Kolkata, Bangalore, Kozhikode, Lucknow, Indore, and Shillong. They are world-class organizations. The IIMs provide research and consulting services to industry in addition to post-graduate diploma programs in management, fellowship programs in management, short-term management development, and organization-based programs.
The research activities of these universities also satisfy the demands of non-corporate and underserved sectors such as agriculture, rural development, public system management, energy, health education, habitat etc.
The IIMs, which serve as role models, have collaborated with other institutions to promote management education quality and standards. Because of the brilliance of its alumni, IIMs have gained a global reputation.
You can find the list of IIM in India 2023 below:
Second generation IIMs
New IIMs
Over the last ten years, the number of Business Schools in India for students after the 12th grade and for undergraduates has expanded dramatically; in fact, India now has over 5,000 business schools that offer management courses for undergraduates.
Nonetheless, there are a few great business schools that provide all of the necessary tools for placement, experience growth, skill development, and a fantastic campus culture. However, admittance to IIM can make everything better. Check out the list of the top 10 Best IIM in India below:
IIM Ahmedabad has been on rank 1 in NIRF since 2021, the NIRF ranking for IIM Bangalore is 2 in 2023, for IIM Kozhikode it is 3 in 2023. See the full list of IIM in India NIRF Ranking 2023 that has been given in the table below:
Check in the table below, the Best IIM in India Rank wise:
Apart from MBA, IIMs in India provide a variety of management degrees such as PGPM, PGDP, FPM, and so on. Take a look at the course names offered by IIMs in India in the lists below.
IIM Ahmedabad
MBA (PGPM)
24.61 Lakhs
IIM Bangalore
MBA (PGP)
24.50 Lakhs
IIM Kozhikode
PGP
20 Lakhs
IIM Calcutta
MBA
27 Lakhs
IIM Lucknow
PGP
20.75 Lakhs
IIM Indore
IIM Raipur
IIM Rohtak
IIM Udaipur
IIM Kashipur
IIM Trichy
IIM Ranchi
IIM Shillong
IIM Vishakhapatnam
IIM Jammu
IIM Nagpur
IIM Amritsar
IIM Bodh Gaya
IIM Sambalpur
IIM Sirmaur
IIM college fees are exorbitant in comparison to other MBA institutes, you may find it bit expensive to study at IIM in India. The fee range for IIM for MBA in India is approximately Rs. 20-25 Lakhs. Check the table below, it highlights the course fee at various IIM in India:
The table below includes the Top 10 IIM College Fees.
(The MBA course IIM College fees are subject to change yearly. You can contact us for any query.)
In the NIRF Ranking 2021, 2022, and 2023, IIM Ahmedabad is ranked first. It was established in 1961. It is one of the best IIMs in India for MBA students.
See the details of IIM Ahmedabad in the table below:
Course fees | Rs. 23 Lakhs |
Seats | 395 |
CAT Percentile Required | 99+ |
IIM Bangalore is ranked second in the NIRF rankings for 2021, 2022, and 2023. As a result, this is the second-best option for MBA aspirants. The Indian Institute of Management, Bangalore, was founded in 1973 and offers:
See the details of IIM Bangalore in the table below:
Course fees | Rs. 24.50 Lakhs |
Seats | 430 |
CAT Percentile Required | 99+ |
Placement Package (Average Package) | Rs. 35.30 LPA |
The Institute offers both the Post Graduate Diploma in Management (PGDM) and the Fellow Programme in Management (FPM). In addition to these programs, the Institute offers executive education courses, consults, and conducts research.
The Executive Management Education Programme (EMEP) is the Asia-Pacific region's first curriculum of its kind to be provided via interactive distant learning (IDL). It is a new method to management education for working executives who are unable to participate in lengthy residential programs. It was conceived in 2001.
Teachers from various academic institutions can participate in a one- to two-week Faculty Development Education Program at IIM Kozhikode.
See the details of IIM Kozhikode in the table below:
Course fees | Rs. 20.50 Lakhs |
Seats | 375 |
CAT Percentile Required | 97-98 |
Placement Package | Rs. 31.02 LPA |
The Indian Institute of Management (IIM) in Calcutta was established in 1961. The Institute now offers diploma programs in a variety of management education areas.
See the details of IIM Calcutta in the table below:
Course fees | Rs. 31 Lakhs |
Seats | 210 |
CAT Percentile Required | 99 |
Placement Package | Rs. 35.10 LPA |
The Indian Institute of Management (IIM), Lucknow, was established in 1984. At the Noida Campus, the Institute offers the working managers program, the management development program, the fellow program in management, the postgraduate program, research programs, and foreign exchange programs.
Students can learn about cutting-edge software development methodologies, such as web-based applications, in the Institute's information technology and software management lab.
See the details of IIM Lucknow in the table below:
Course fees | Rs. 20.75 Lakhs |
Seats | 436 |
CAT percentile required | 97-98 |
Placement Package | Rs. 32.20 LPA |
Let us now see the no. of seats that are available at the IIM in India for management students in the table below:
We have seen the IIM rankings 2023 and now we know about the best IIMs in India for MBA. Let us now examine the IIM admissions process in India. Read about the admissions process at IIM 2024 from the beginning. The following are the steps to get into IIM:
Step 1: Meet the eligibility requirements for the MBA entrance exam (CAT).
Step 2: Take the CAT Exam (November 26th).
Step 3: If you want to get into an IIM, you need have a high CAT percentile (90-99.99).
Step 4: Then clear the next admissions procedure, which includes PI and GD rounds,.
MBA qualifying requirements are straightforward and simple to meet. There are no specific subject requirements or any age limits, and you can take the CAT Exam even if you are in your last year. Prior to submitting your CAT Exam Registration form, you must validate your MBA eligibility. The MBA course requirements for 2024 are stated below.
Many students' dream MBA institute is India's IIM. However, admission to IIM is not easy. It necessitates an extremely high percentile. The CAT percentile requirement for IIMs in India varies between 90 and 99.99 percentile.
Admission to IIMs requires an exceedingly high CAT percentile. If the IIMs are your preferred MBA institute, you should be aware that the cutoff for general category admission to the IIMs is in the 90-99 percentile area. When the November 2023 CAT Exam results will be revealed, the CAT Cutoff for MBA admission in 2024 will be made public.
The table below shows the CAT 2023 Cut Off, which the IIMs authorized for 2023 MBA admissions. If you want to be admitted to an MBA school at one of the IIMs, it will tell you what CAT percentile you should aim for.
To be admitted to the best MBA schools in 2024, you must pass the CAT in 2023. The application deadline for CAT 2023 was September 13.
View the entire MBA admissions procedure here:
A few key elements will determine your MBA admission. The institute will consider the following for your MBA admission:
Notably, other business schools provide direct MBA admission based solely on merit, whilst some of India's Top MBA Colleges demand admission through entrance tests. For admission to MBA programs at IIMs, a CAT Score is required.
MBA programs are available in a variety of specializations. MBA specialities include MBA in Business Analytics, MBA in Operations, MBA in Public Policy, MBA in Retail, MBA in Human Resource Management, and MBA in Logistics and Supply Chain Management, among others.
Check out the table below for a list of MBA specialisations and career opportunities accessible after finishing your course.
MBA in Finance | MBA in International Business | MBA in IT and Systems |
MBA in Healthcare and Hospital | MBA in Business Analytics | MBA in Operations |
MBA in Human Resources | MBA in Retail | MBA in Entrepreneurship |
MBA in Sales and Marketing | MBA in Supply Chain | MBA in Banking and Insurance |
MBA in Public Policy | MBA in Strategy | MBA in Organisational Behaviour |
What is the scope after MBA?
The Master of Business Administration (MBA) degree is one of the most sought-after master's degree programs in the world. There are currently 20 Indian Institutes of Management (IIMs) and thousands of private colleges in India that provide MBA degrees. The number of seats available in recognized MBA programs, both public and private, has also expanded dramatically, resulting in a major growth in the pool of managerial talent.
You can choose between looking for a job and obtaining a management PhD. The alternative is to launch your own company. You will be able to launch and expand your own business using all of the knowledge you learned while earning your MBA because you will have established a number of strong skills related to business management, the IT sector, and other sectors.
You will increase your knowledge and skills in a variety of areas related to your field as part of your MBA degree. You'll discover
An MBA can be useful in a variety of fields, including business, banking, journalism, and manufacturing. Among the other industries are banking and financial institutions, business and retail, information technology, and banking. Then, from a variety of specializations, you can choose your desired field and start working in it, or you can continue your studies in that field.
Check out the Career Options after every MBA Specialisation here:
One of the most sought-after courses in India is the MBA. You must be aware of the employment options for your MBA specialisation if you are now pursuing or plan to seek an MBA.
You can get various jobs in your field after completing your MBA in a specific specialisation.
You get a job of a finance manager or a risk and insurance manager after completing your MBA in Finance. After completing your MBA in HRM you get jobs like Human Resource Executive, Human Resource Consultant, Human Resource Generalist etc.
So, there are many job options to choose from. Look at the tables below, which describe the employment opportunities you will receive if you complete your MBA in a certain specialization.
Accounting Manager, | Finance Manager |
Risk and Insurance Manager, | Cash Manager Treasurer |
Financial Manager/Analyst |
Supply Chain Performance Analyst | Logistics Analyst |
Demand Planning Analyst | Logistics Manager |
Supply Chain Consultant | Head of Supply |
Material Manager | Shipments Manager |
Operations Manager | Warehouse Operations Manager |
Sales Officer | Logistics and Transportation Analyst |
Purchase manager | Distribution Centre Supervisor |
VP of Supply Chain Operations |
Market research analyst | Retail Sales Associate |
sales manager | Marketing Manager |
product manager | Senior Sales Executive |
Brand Manager | Sales Specialist |
Market Research Analyst | Head of Digital Marketing |
Asset Management | internet marketing manager |
Media planner |
Training and Development in Recruitment | Human Resource Executive |
Payroll management, | Human Resource Consultant |
Chief Human Resource Officer | Human Resource Generalist |
Assistant Human | coordination of employee benefits, and |
Resource Manager | managing competition |
Human Resource Analyst | Employee Relations Manager |
Operations Manager, |
Project Managers, |
Inventory Control Managers, and |
Supply Chain Manager |
Owner of a small business, | Business Advisor |
Corporate Supervisor | Fundraising, and Development |
Sales manager, |
Marketing Analyst | International Logistics Manager |
Government Affairs Director | International Business Consultant |
Chief executive Officer | Export Manager |
Export Coordinator | International Finance Manager |
Foreign Exchange Management | Export Coordinator |
International Marketing Manager | Administrative Service Manager |
International Finance | International Business Development Manager |
Investment Banking Manager |
Hospital Administrator | Healthcare IT Consultant |
Pharmaceutical Product Manager | Hospital CEO |
Hospital CFO |
Business Development Manager, | Systems Analysts |
Product Manager, | Marketing Manager, |
Business Analyst, | Analytics Manager, |
IT Manager/Consultant, | System Manager, and |
Information Systems Managers, | Data Processing Manager, |
Ans. There are total 20 IIMs in India. NITIE Mumbai is newly made IIM. So overall we have 21 IIMS in India. Have a look at the top 10 Best IIM in India in the table below:
S. No. | Top Management Colleges in India | NIRF Ranking |
---|---|---|
1 | IIM Ahmedabad | 1 |
2 | IIM Bangalore | 2 |
3 | IIM Kozhikode | 3 |
4 | IIM Calcutta | 4 |
5 | IIM Lucknow | 6 |
6 | IIM Indore | 8 |
7 | IIM Raipur | 11 |
8 | IIM Rohtak | 12 |
9 | IIM Udaipur | 16 |
10 | IIM Kashipur | 19 |
Ans. IIM college fees are exorbitant in comparison to other MBA institutes, you may find it bit expensive to study at IIM in India. The fee range for IIM for MBA in India is approximately Rs. 20-25 Lakhs. Check the table below, it highlights the course fee at various IIM in India:
The table below includes the Top 10 IIM College Fees.
NIRF Ranking | Top Management Colleges in India | Fee Structure (approx.) |
---|---|---|
1 | IIM Ahmedabad | Rs. 23 Lakhs |
2 | IIM Bangalore | Rs. 24.50 Lakhs |
3 | IIM Kozhikode | Rs. 20.50 Lakhs |
4 | IIM Calcutta | Rs. 31 Lakhs |
5 | Indian Institute of Technology Delhi | Rs. 11.20 Lakhs |
6 | IIM Lucknow | Rs. 20.75 Lakhs |
7 | National Institute of Industrial Engineering, Mumbai | Rs. 8 Lakhs |
8 | IIM Indore | Rs. 21.10 Lakhs |
9 | XLRI-Xavier School of Management | Rs. 23.56 Lakhs |
10 | Indian Institute of Technology Bombay | Rs. 4 Lakhs |
11 | IIM Raipur | Rs. 16.10 Lakhs |
12 | IIM Rohtak | Rs. 17.9 Lakhs |
13 | Management Development Institute, Gurgaon | Rs. 10 – 25 Lakhs |
14 | Indian Institute of Technology Kharagpur | Rs. 6 Lakhs |
15 | Indian Institute of Technology Madras | Rs. 9 Lakhs |
16 | IIM Udaipur | Rs. 6.1 Lakhs |
17 | Symbiosis Institute of Business Management | Rs. 24.60 Lakhs |
18 | Indian Institute of Technology Roorkee | Rs. 4 Lakhs |
19 | IIM Kashipur | Rs. 17 Lakhs |
20 | S.P. Jain Institute of Management & Research | Rs. 20 Lakhs |
Ans. Check out the table below, it has the details of no. of seats of the Top 10 Best IIM in India, along with their NIRF Ranking 2023 and the state they are located in:
IIM rankings 2023 | Best IIM in India Rank wise | State | No. of Seats available |
---|---|---|---|
1 | Indian Institute of Management, Ahmedabad | Gujarat | 395 |
2 | Indian Institute of Management, Bangalore | Karnataka | 430 |
3 | Indian Institute of Management, Kozhikode | Kerala | 375 |
4 | Indian Institute of Management, Calcutta | Kolkata | 210 |
6 | Indian Institute of Management, Lucknow | Uttar Pradesh | 436 |
8 | Indian Institute of Management, Indore | Madhya Pradesh | 451 |
11 | Indian Institute of Management, Raipur | Chhattisgarh | 210 |
12 | Indian Institute of Management, Rohtak | Haryana | 240 |
16 | Indian Institute of Management, Udaipur | Rajasthan | 260 |
19 | Indian Institute of Management, Kashipur | Uttarakhand | 210 |
Ans. MBA qualifying requirements are straightforward and simple to meet. There are no specific subject requirements or any age limits, and you can take the CAT Exam even if you are in your last year. Prior to submitting your CAT Exam Registration form, you must validate your MBA eligibility. The MBA course requirements for 2024 are stated below.
Ans. We have seen the IIM rankings 2023 and now we know about the best IIMs in India for MBA. Let us now examine the IIM admissions process in India. Read about the admissions process at IIM 2024 from the beginning. The following are the steps to get into IIM:
Step 1: Meet the eligibility requirements for the MBA entrance exam (CAT).
Step 2: Take the CAT Exam (November 26th).
Step 3: If you want to get into an IIM, you need have a high CAT percentile (90-99.99).
Step 4: Then clear the next admissions procedure, which includes PI and GD rounds,.
To be admitted to the best MBA schools in 2024, you must pass the CAT in 2023. The application deadline for CAT 2023 was September 13.
View the entire MBA admissions procedure here:
A few key elements will determine your MBA admission. The institute will consider the following for your MBA admission:
Ans. You can choose between looking for a job and obtaining a management PhD. The alternative is to launch your own company. You will be able to launch and expand your own business using all of the knowledge you learned while earning your MBA because you will have established a number of strong skills related to business management, the IT sector, and other sectors.
You will increase your knowledge and skills in a variety of areas related to your field as part of your MBA degree. You'll discover
An MBA can be useful in a variety of fields, including business, banking, journalism, and manufacturing. Among the other industries are banking and financial institutions, business and retail, information technology, and banking. Then, from a variety of specializations, you can choose your desired field and start working in it, or you can continue your studies in that field.
Ans. MBA programs are available in a variety of specializations. MBA specialities include MBA in Business Analytics, MBA in Operations, MBA in Public Policy, MBA in Retail, MBA in Human Resource Management, and MBA in Logistics and Supply Chain Management, among others.
Check out the table below for a list of MBA specialisations and career opportunities accessible after finishing your course.
MBA in Finance | MBA in International Business | MBA in IT and Systems |
MBA in Healthcare and Hospital | MBA in Business Analytics | MBA in Operations |
MBA in Human Resources | MBA in Retail | MBA in Entrepreneurship |
MBA in Sales and Marketing | MBA in Supply Chain | MBA in Banking and Insurance |
MBA in Public Policy | MBA in Strategy | MBA in Organisational Behaviour |
Ans. Courses offered at IIM Ahmedabad
Ans. Courses offered at IIM Bangalore
Ans. Courses offered at IIM Kozhikode
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