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Top MBA Institutes In India
Saurav Anand
11/09/2023
Top MBA Institutes in India - As per NIRF ranking 2023, the Top MBA Institutes in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. Here’s the list of Top MBA Institutes in India 2023.
Which is the Top MBA Institutes In India Ranking in 2023?
There are many students looking for a List of Top MBA Institutes in India to study from, and we're here to help them make the right choice and help them find the best MBA colleges in India. You will find the Top 10 MBA Colleges in India 2023-24 as well as the Top 50 Management Colleges below in this article.
These MBA Institutes in India are some of the best due to factors including placement opportunities, infrastructure, facilities, world-class Facilities, etc. Below is a list, most of which are privately owned or public/governmental organizations, and a few of which are public-private ventures. And to get into such Top MBA Institutes in India there are some protocols that need to be followed such as the entrance exams, some of them are CAT, XAT, and CMAT exams.
IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc., are among the best MBA colleges in India according to NIRF ranking 2023. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.
Following is a revised list of some of the Top 10 MBA Colleges In India 2023-24:
- Last year IIM Kozhikode was ranked at 5th position and for this year IIM Kozhikode improved to rank 3 in 2023. Whereas In 2023, IIM Calcutta dropped from rank 3 to rank 4 compared to rank 3 in 2022
- Top MBA Institutes in India BHU is the 5th best university, “ gets overall “ 11th rank. which also includes a fee of INR 10,228 charged by Banaras Hindu University, which has the lowest tuition fee in the country.
- The highest placement package is offered by IIM Ahmedabad, at INR 31.50 LPA.
- According to the ranking of IIM Ahmedabad, IIM Bangalore, and IIM Kozhikode, IIM Ahmedabad is the best MBA College in India. In the most recent NIRF rankings for 2023, the institutes are rated 1, 2, and 3.
Here are the Top MBA Institutes in India ranked by the NIRF which falls under the category of - Management Ranking 2023:
The Ministry of Education launched the National Institutional Ranking Framework, NIRF Rankings 2023 on June 05. There were a total of 13 categories for which the NIRF rankings were released by Dr. Rajkumar Ranjan Singh, Minister of State for Education and External Affairs during a press conference.
The NIRF Ranking 2023 (Management) is once again ruled by the Indian Institute of Management, IIM Ahmedabad with a score of 83.20. IIM-Bangalore and IIM-Kozhikode have secured the second and third spots respectively.
Direct Link: NIRF Management Ranking 2023
Top MBA Institutes in India NIRF Ranking 2023 (MBA): Top 50 Management Institutes/Colleges in India
Top MBA Institutes In India 2023 | Top MBA Colleges In India Placement wise -
Top MBA Colleges in India Placement-wise - For any student studying at some of these Top MBA Institutes in India is a dream, Students from all over India prepare for the Entrance Exams for years and years just to get hold of the admissions. The list of esteemed MBA Institutes in India includes not just the 20 Indian Universities of Management (IIMs), but also many other famous management schools such as FMS Delhi, the MBA departments of IITs, JBIMS Mumbai, NMIMS Mumbai, and private universities like XLRI Jamshedpur, MDI Gurgaon, and SPJIMR Mumbai, among others.
There are other things to look into besides Ranking - Undoubtedly, the ranking of a business school is a crucial factor in the selection process. However, it should be noted that the highest rankings are not exclusive to the best MBA institutions. Other factors, such as Return on Investment (RoI), which encompasses the comparison between the programme fee and the placement, have significant importance. In addition to alumni, factors like learning experience, faculty-student ratio, heritage, and infrastructure also play a significant role. The selection of a reputable business school is contingent upon a variety of factors.
MBA Programme Fee: Important Criterion
A moderate fee structure with a good placement that can assure you about your career prospects is what you might be looking for. So, it will be better to compare the fee structures of different B-schools and the benefits of learning arising out of it before finalizing your MBA admission decision.
IIM Ahmedabad, Bangalore, and Calcutta are ranked among the best MBA colleges in India on various parameters in almost all the rankings, however, their fee structure is very high and runs above 23 lakhs. On the other hand, the Faculty of Management Studies, Delhi University (FMS Delhi) is one of the top MBA colleges in India with a Fee structure as low as Rs. 25,000 per semester and a total fee of less than Rs.2 lakhs. It is preferred to many IIMs as it has high RoI with high average placement compatible with top IIMs.
Top MBA Institutes in India Placement opportunities - It is recommended to evaluate the historical average placement records of the business school before reaching a conclusion.
- Which Master of Business Administration (MBA) program has a higher percentage of employment placement?
- Which organizations are considered to be the top recruiters in the industry?
To ascertain the return on investment (RoI) and evaluate the viability of a significant investment in an MBA program, it is important to consider the following inquiries for the Top MBA Colleges in India Placement-wise -.
The classification of typical locations may be segmented into three discrete categories. Renowned business schools, such as the well-established Indian Institutes of Management (IIMs), are well-recognized for their outstanding track records in terms of student placements.
Likewise, renowned establishments such as the Indian Institutes of Technology (IITs) and T. A. Pai Management Institute (TAPMI) are acknowledged for their notable percentages of successful job placements. In contrast, it is widely acknowledged that business schools such as Birla Institute of Management Technology (BIMTECH), Loyola Institute of Business Administration (LIBA), and Jaipuria Institute of Management exhibit very modest levels of success in terms of placement results.
Top MBA Colleges In India Placement wise 2023 at Top MBA Institutes In India
- MBA institutes in India have had an 11% to 20% rise in average income this year, including IIM Indore, IIM Shillong, IIM Udaipur, IIFT, IIM Rohtak, TISS, XIMB, Masters Union, IIT Bombay, and IIT Delhi.
- IIMs such as IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Kozhikode, as well as other major B-schools such as FMS Delhi, XLRI, SPJIMR, MDI, and MICA, have seen a YoY increase in average compensation of 2 to 6 percent this year.
- Masters Union, BITSoM, IIM Rohtak, and XIM Bhubaneswar have joined the select club of top 20 B-schools by placements this year, with their high average wage documented in placement 2023. Interestingly, the 2023 placements for the first MBA cohort at BITSoM Mumbai astonished several elite B-schools, with an average compensation of Rs. 23.85 LPA, which is greater than many long-established top MBA Institutes, including IIMs.
- IPRS Auditing at IIMs and Other Top B-Schools: Top IIMs such as IIM Ahmedabad, Bangalore, Udaipur, and Rohtak, as well as other B-schools such as XLRI, SIBM Pune, and SPJIMR Mumbai, provide pay statistics in accordance with the IPRS standard. While IIM Ahmedabad and Bangalore disclose placement data after an IPRS audit, other B-schools release it immediately after placements are completed and update it after the audit of placement reports.
Top 20 MBA Institutes In India by Average Salary In Placements 2023
These data points are from the website itself, please contact us for more details on the Average Salary in Placements 2023, and for the comparison we have listed the Top MBA Institutes in India's Average Salary in 2022 and compared it with Average Salary 2023
| S. No. | Top MBA College By Average Salary | MBA Average Salary 2022 | MBA Average Salary 2023 |
|---|---|---|---|
| 1 | IIM Bangalore | Rs. 33.82 LPA | Rs. 35.31 LPA |
| 2 | IIM Calcutta | Rs. 34.20 LPA | Rs. 35.07 LPA |
| 3 | FMS Delhi | Rs. 32.40 LPA | Rs. 34.10 LPA |
| 4 | ISB Hyderabad | Rs. 34.08 LPA | Rs. 34.21 LPA |
| 5 | IIM Ahmedabad | Rs. 32.80 LPA | Awaited |
| 6 | SPJIMR Mumbai | Rs. 32.05 LPA | Rs. 33.02 LPA |
| 7 | XLRI Jamshedpur | Rs.30.07 LPA | Rs. 32.70 LPA |
| 8 | IIM Lucknow | Rs. 31.03 LPA | Rs. 32.20 LPA |
| 9 | IIM Kozhikode | Rs. 29.50 LPA | Rs. 31.02 LPA |
| 10 | IIM Indore | Rs. 25.01 LPA | Rs. 30.21 LPA |
| 11 | IIFT Delhi & Kolkata | Rs. 25.16 LPA | Rs. 29.10 LPA |
| 12 | SJMSoM IIT Bombay | Rs. 25.93 LPA | Rs. 28.88 LPA |
| 13 | JBIMS Mumbai | Rs. 27.63 LPA | Rs. 28.02 LPA |
| 14 | MDI Gurgaon | Rs. 26.65 LPA | Rs. 27.67 LPA |
| 15 | TISS Mumbai | Rs. 23.97 LPA | Rs. 27.22 LPA |
| 16 | IIM Shillong | Rs. 23.10 LPA | Rs. 26.96 LPA |
| 17 | SIBM Pune | Rs.23.06 LPA | Rs. 26.77 LPA |
| 18 | NMIMS Mumbai | Rs. 23.07 LPA | Rs. 26.63 LPA |
| 19 | DMS IIT Delhi | Rs. 21.90 LPA | Rs. 25.82 LPA |
Frequently Asked Questions about Top MBA Institutes In India
Q. Which are the Best Government MBA Colleges of India?
Ans. IIM Ahmedabad is ranked 1st by NIRF Ranking 2022 with a NIRF score of 83.35 and is the top government Management college in India. The list also includes IIM Bangalore at 2nd, followed by IIM Calcutta at 3rd, with NIRF scores of 82.62 & 78.64.
Here are the Best Government MBA Colleges of India -
- Rank 1 - Indian Institute of Management, Ahmedabad.
- Rank 2 - Indian Institute of Management (IIM), Bangalore.
- Rank 3 - Indian Institute of Management (IIM), Kozhikode.
- Rank 4 - Indian Institute of Management (IIM) Calcutta.
- Rank 5 - Indian Institute of Technology, Delhi.
Q. Which are the Top MBA Institutes in India in 2023?
Ans. IIM Ahmedabad is the top MBA Institutes in India, followed by IIM Bangalore, IIM Kozhikode, and others. In 2023, the Top MBA Institutes in India NIRF rankings highlighting the best MBA institutions in India include the aforementioned three and IIM Calcutta, IITs such as IIT Delhi, and XLRI Jamshedpur, to name a few.
Q. What are the Top Tier 1 MBA Colleges in India?
Ans. The top ten Tier 1 MBA colleges in India, which are government institutions, have worldwide recognition due to their outstanding academic accomplishments. Many colleges often regard CAT scores as a legitimate factor for admission. These educational institutions continually strive to provide their pupils the highest level of education that may be achieved.
The Indian Institute of Management (IIM) is widely acknowledged as a Top Tier 1 institution in India, renowned for its Master of Business Administration (MBA) program providing the best of its infrastructure, facilities and many other things and let’s not forget to the mention the Top Faculty Members from around the world, attracting students who want to pursue advanced studies in management. Without a question, the Indian Institute of Management (IIM) is a highly sought-after institution for the majority of students. The Indian Institutes of Management (IIMs) include a collective of twenty esteemed institutions dedicated to offering comprehensive educational programs in the domain of management. The primary Indian Institutes of Management (IIMs) include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, and IIM Lucknow.
Q. What is the Average package of an MBA in India?
Ans. Here are some of the Top 3 Institutes in India offering the best Average package for an MBA in India -
| IIM Bangalore | Rs. 33.82 LPA | Rs. 35.31 LPA |
| IIM Calcutta | Rs. 34.20 LPA | Rs. 35.07 LPA |
| FMS Delhi | Rs. 32.40 LPA | Rs. 34.10 LPA |
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