Best MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta among IIMs and IIT Delhi, IIT Kharagpur, IIT Madras among IITs. There are around 4500 other MBA government and private colleges that come under the best MBA colleges according to NIRF ranking.
IIM Ahmedabad out of all the IIMs in India has been ranked as the best MBA college in India by NIRF Ranking and Outlook Ranking to pursue the MBA Course. The Outlook ranking survey and NIRF have ranked IIM Bangalore as the second best MBA college in India. In the QS global rankings report of 2023, IIM Ahmedad secured the 44th rank, followed by IIM Bangalore (Rank 50) and IIM Calcutta (Rank 68) in the list of top MBA colleges globally. Indian School of Business was also included in this list at 78th spot.
Best MBA Colleges in India offer MBA Courses in Part-time, Full-time, Distance, and Online modes and in various MBA Specializations such as Marketing, Finance, Human Resources, Information Technology, and many more. To get MBA Admission in the best MBA college, you need to have a high merit score in graduation, as well as a CAT score of 99%. Performance in MBA GD/PI rounds also plays a crucial role in deciding your admission to the best MBA colleges.
Table of Content
- Best MBA Colleges in India: NIRF Ranking
- Best MBA Colleges in India with Fees
- Best MBA Colleges in India Placement Wise
- Best MBA Colleges in India Top Recruiters
- Tier 1 MBA Colleges
- Tier 2 MBA Colleges
- Tier 3 MBA Colleges
- How to select the best MBA College?
- Best MBA College as per Entrance Exam
9.1 CAT
9.2 MAT
9.3 CMAT
9.4 XAT
Best MBA Colleges in India: NIRF Ranking 2023
The top 15 MBA Colleges as ranked by NIRF are listed below
| NIRF Ranking 2023 | Institutes |
|---|---|
| 1 | IIM Ahmedabad |
| 2 | IIM Bangalore |
| 3 | IIM Kozhikode |
| 4 | IIM Calcutta |
| 5 | IIT Delhi |
| 6 | IIM Lucknow |
| 7 | IIM Mumbai (NITIE) |
| 8 | IIM Indore |
| 9 | Xavier Labour Relations Institute (XLRI) |
| 10 | IIT Bombay |
| 11 | IIM Raipur |
| 12 | IIM Rohtak |
| 13 | MDI Gurgaon |
| 14 | IIT Kharagpur |
| 15 | IIT Madras |
Also Check: Top MBA Colleges
Best MBA Colleges in India With Fees
MBA fees vary from INR 5 lakh to 20 lakh in most colleges. The variable fee is due to multiple factors like College Type, i.e., whether the institute is Govt or Private. MBA Placements also impact the MBA course fee.
| College Name | Total MBA Fees |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Bangalore | INR 23,15,000 |
| IIM Calcutta | INR 27,00,000 |
| IIM Lucknow | INR 20,10,000 |
| IIT Kharagpur | INR 10,44,000 |
| IIM Kozhikode | INR 17,50,000 |
| IIM Indore | INR 15,60,000 |
| IIT Delhi | INR 9,60,000 |
| XLRI Jamshedpur | INR 23,60,000 |
| MDI Gurgaon | INR 18,80,000 |
| IIT Bombay | INR 9,76,000 |
| IIT Roorkee | INR 8,20,000 |
| NITIE Mumbai | INR 12,00,000 |
| IIT Madras | INR 8,00,000 |
| IIM Trichy | INR 18,00,000 |
| IIT Kanpur | INR 3,00,000 |
| IIM Udaipur | INR 6,16,000 |
| SPJIMR Mumbai | INR 17,50,000 |
| IIM Ranchi | INR 15,30,000 |
Best MBA Colleges in India Placement Wise
| College Name | Average Salary |
|---|---|
| IIM Ahmedabad | INR 33 LPA |
| IIM Bangalore | INR 29.8 LPA |
| IIM Calcutta | INR 26.9 LPA |
| IIM Lucknow | INR 20 LPA |
| IIT Kharagpur | INR 18 LPA |
| IIM Kozhikode | INR 23 LPA |
| IIM Indore | INR 22.92 LPA |
| IIT Delhi | INR 22.69 LPA |
| XLRI Jamshedpur | INR 15 LPA |
| MDI Gurgaon | INR 10.5 LPA |
| IIT Bombay | INR 20.98 LPA |
| IIT Roorkee | INR 9.18 LPA |
| NITIE Mumbai | INR 20.8 LPA |
| IIT Madras | INR 14.38 LPA |
| IIM Trichy | INR 14.9 LPA |
| IIM Udaipur | INR 13.08 LPA |
| SPJIMR Mumbai | INR 26.36 LPA |
| IIM Raipur | INR 15.2 LPA |
| IIM Ranchi | INR 15 LPA |
Best MBA Colleges in India: Top Recruiters
| Aditya Birla Group | Ultra Tech |
| Accenture | Infosys |
| HSBC | Hindustan Unilever Limited |
| Deloitte | Myntra |
| Wipro | Yes Bank |
| Udaan | Uber |
| Swiggy | Infosys |
| Amazon | Kotak |
Best MBA Colleges: Tier 1 MBA Colleges in India
With an acceptance rate of less than 2%, tier 1 colleges offering MBA courses form the best b-schools in the country.
- They are usually ranked in the top 15 colleges and students get placed with the mean salary going as high as INR 25 LPA.
- Some of the recruiters who visit Tier-1 MBA colleges are McKinsey, Goldman Sachs, Bank Of India, Merryl Lynch, and so on.
| Institute | Annual Fees (in INR) | Average Salary Offered (in INR) |
|---|---|---|
| IIM Ahmedabad (IIM A) | 11,50,000 | 25.83 LPA |
| IIM Bangalore (IIM B) | 10,70,000 | 24.54 LPA |
| IIM Calcutta (IIM C) | 27,00,000 | 25.40 LPA |
| IIM Indore (IIM I) | 8,00,000 | 22.92 LPA |
| IIM Kozhikode (IIMK) | 8,75,000 | 23.08 LPA |
| IIM Lucknow (IIML) | 7,13,000 | 24.25 LPA |
| XLRI Jamshedpur (XLRI) | 4,26,000 | 15 LPA |
| SPJIMR Mumbai | 9,30,000 | 26.36 LPA |
| IIT Kharagpur | 3,14,000 | 18 LPA |
| MDI Gurgaon | 9,43,000 | 22 LPA |
Best MBA Colleges: Tier 2 MBA Colleges in India
Tier 2 MBA colleges are ranked in the top 50 and are a good option after the tier 1 colleges.
- You can fetch a minimum of INR 12-17 LPA by studying in a Tier 2 college.
- Along with well-equipped infrastructure, the colleges have a decent faculty and placement cell.
| Institute | Annual Tuition Fees (in INR) | Average Salary Offered (in INR) |
|---|---|---|
| Department of Management Studies, IISc Bangalore | 2,56,000 | 10.2 LPA |
| Department of Management Studies IIT Madras | 4,00,000 | 11 LPA |
| NMIMS Mumbai | 9,25,000 | 17.58 LPA |
| Symbiosis Centre for Management and Human Resource Development, Pune (SCMHRD) | 9,40,000 | 16.61 LPA |
| Symbiosis Pune (SIBM) | 9,60,000 | 20.14 LPA |
| IIT Roorkee | 4,21,000 | 14.727 LPA |
| IIM Rohtak | 4,95,000 | 13.70 LPA |
| IIM Raipur | 7,27,000 | 15.2 LPA |
| BITS Pilani | 4,24,000 | 9.17 LPA |
| Banaras Hindu University | 1,21,000 | 7.2 LPA |
Best MBA Colleges: Tier 3 MBA Colleges in India
The colleges tabulated below come under the tier 3 colleges. Read the table below to know about the tuition fees and the salary offered.
| Institute | Annual Tuition Fees (in INR) | Average Salary Offered (in INR) |
|---|---|---|
| GIM Goa | 8,18,325 | 16.62 LPA |
| IIM Nagpur | 7,42,000 | 12.40 LPA |
| IIM Amritsar | 6,00,000 | 12.61 LPA |
| IIM Visakhapatnam | 10,70,000 | 13.08 LPA |
| IRMA Anand | 5,83,400 | 10.74 LPA |
| Welingkar Institute of Management, Mumbai (We-B) | 5,50,000 | 9 LPA |
| MICA Ahmedabad | 10,00,000 | 12.80 LPA |
Best MBA College: How to Select Best B School?
The following are the parameters that one should consider while selecting the best B School:
MBA College Ranking
- A stable rank and different accreditations earned such as AICTE, NAAC, UGC, and so on reflect a good reputation and the credibility of the institution.
- Rankings on the basis of specialization are also taken into consideration while judging a B-school.
- While IIM Ahmedabad, IIM Bangalore, and IIM Calcutta are good for marketing management, Narsee Monjee and XLRI are known for their Specialization in Finance.
Course Curriculum, Teaching Methods, and Faculty
- The selection can be done on the basis of the pedagogy too, i.e., the teaching method that the institution follows.
- There is 4 most important pedagogy involved in MBA, namely, lectures, case studies, experiential learning, and simulation.
- Case studies form a productive method of teaching in the field of management.
MBA Placements
- With the huge tuition fee paid, a student expects a high and satisfactory ROI during MBA Placements.
- Therefore, the placement record of the institution is one of the most important parameters to judge it.
- You can make a judgment by digging into the top recruiters, average salary, highest salary earned, etc.
- For instance, XLRI is ranked 1 in terms of ROI with the average salary recorded is INR 22,35,000. In IIM Calcutta more than 350 companies visited last year.
Check: XLRI Jamshedpur Cutoff
MBA Internships
- If the curriculum includes MBA internships, then it is considered a good factor when selecting the best MBA college.
- This is because continuous interaction with the industry experts who are already in the field makes the learning more efficacious.
- Hence, you should always research the industrial workshops arranged during the course of study.
Check: MBA Internships
MBA Fees and Cost of Living
- Right from the MBA entrance exam to the admissions and tuition fees, students have to pay hefty amounts during the entire course.
- There are a lot of merit-based scholarships available for MBA candidates.
- For instance, the MBA Fees for IIM Calcutta is approximately INR 27,00,000 a year but there are a number of scholarships available for deserving candidates such as B.P. Poddar Scholarship, India Carbon Scholarship, and so on.
MBA College Acceptance Rate
- The acceptance rate is inversely proportional to how ‘exclusive’ the college is.
- The lower acceptance rate signifies that the institution is looking for a quality set of students.
- While the acceptance rate of the top-tier colleges can be even less than 2%, the acceptance rate of Tier 2 and Tier 3 colleges are a bit more relaxed.
Best MBA Colleges in India as per Entrance Exams
Different colleges accept different MBA entrance exams. Some of the top MBA entrance exams are CAT, MAT, XAT etc
Best MBA Colleges in India Accepting CAT Scores
CAT is the most popular entrance exam in India for MBA courses. The CAT Cut Off for top MBA colleges in India is around 98-99 percentile.
Some of the top MBA colleges in India accepting CAT scores are:
- Indian Institutes of Management (IIMs)
- Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs)
- FMS Delhi
- MDI Gurgaon
- SPJIMR Mumbai
- IMT Ghaziabad
Best MBA Colleges in India Through MAT
MAT is conducted by AIMA (All India Management Association) for admission in the top B Schools of India.
The exam consists of 200 MCQs and the syllabus includes Data Analysis & Sufficiency, Language Comprehension, Intelligence & Critical Reasoning, Mathematical Skills, and Indian & Global Environment sections.
Some of the top MBA colleges in India accepting MAT score are:
- IIM Rohtak
- Christ University, Bangalore
- Department of Management Studies, IIT Madras
- BIT Mesra Ranchi
Best MBA Colleges in India Through CMAT
CMAT is one of the national level MBA exams, conducted by the National Testing Agency (NTA), which also conducts JEE Main and NEET exams. The paper is divided into 4 sections namely, Quantitative Techniques and Data Interpretation, Language Comprehension, Logical Reasoning, and General Awareness.
Some of the top MBA Colleges in India Accepting CMAT score are:
- SJMSOM, IIT Bombay
- Great Lakes Institute of Management, Chennai
- GIM North Goa
- XIME Bangalore
Best MBA Colleges in India Through XAT
Accepted in more than 700 B-schools, XAT or Xavier’s Aptitude Test is conducted by XLRI Jamshedpur every year on the behalf of Xavier Association of Management Institutes. XAT 2022 has been conducted in January.
Some of the top MBA Colleges in India Accepting XAT score are:
- IIM Lucknow
- XLRI Jamshedpur
- DoMS, IIT Madras
- Great Lakes Institute of Management, Chennai
Best MBA Colleges as per Outlook Ranking 2023
|
Institute |
Outlook Ranking 2023 |
|---|---|
|
IIM Ahmedabad |
1 |
|
IIM Bangalore |
2 |
|
IIM Kolkata |
3 |
|
IIM Lucknow |
4 |
|
IIM indore |
5 |
|
IIM Shillong |
6 |
|
IIM Ranchi |
7 |
|
IIM Raipur |
8 |
|
FMS New Delhi |
9 |
|
JBIMS Mumbai |
10 |
|
Pondicherry University |
11 |
|
IIM Kashipur |
12 |
|
Anna University, Chennai |
13 |
|
GGSIPU Delhi |
14 |
|
Panjab University |
15 |
|
ABV IIITM Gwalior |
16 |
|
Gujarat University |
17 |
|
Madras University |
18 |
|
IIM Nagpur |
19 |
|
Maharaja Sayajirao University Of Baroda, Gujarat |
20 |
|
IIM Amritsar |
21 |
|
MANAGE Hyderabad |
22 |
|
NSUT Delhi |
23 |
|
Institute Of Insurance And Risk Management, Hyderabad |
24 |
Best MBA Colleges In Delhi
The table below mentions some of Delhi MBA colleges as per NIRF ranking, including IIT Delhi, MDI Gurgaon, and many more.
| College Name | NIRF Management Ranking 2023 |
|---|---|
| Indian Institute of Technology Delhi | 5 |
| Jamia Millia Islamia | 25 |
| Indian Institute of Foreign Trade | 27 |
| International Management Institute | 34 |
| Fore School of Management | 63 |
| Guru Gobind Singh Indraprastha University | 66 |
| Jagan Institute of Management Studies | 71 |
| Jamia Hamdard | 96 |
| New Delhi Institute Of Management | 99 |
Best MBA Colleges in Mumbai
Top MBA Colleges in Mumbai offer different management courses such as MBA and PGDM. The table enlists best MBA colleges in Mumbai, as per NIRF ranking.
| College Name | NIRF Ranking 2023 |
|---|---|
| National Institute of Industrial Engineering (IIM Mumbai) | 7 |
| IIT Bombay | 10 |
| S P Jain Institute of Management and Research | 20 |
| SVKM’s Narsee Monjee Institute of Management Studies | 21 |
| K. J. Somaiya Institute of Management Studies & Research | 45 |
| Principal L N Welingkar Institute of Management Development and Research | 73 |
Best MBA Colleges in India: FAQs
Ques. How do you get the best MBA college?
Ans. Ensuring that you get the best MBA college depends on multiple factors like Entrance Exam Choice, MBA College Choice, Academic Performance, Perfect Timing, etc.
- MBA entrance exam choice can help you land in the perfect college for you, and the better your college, the better will the be the quality of MBA education offered.
- A good MBA college is one that has a good track record of MBA Placements, Faculty is good and the overall grooming for the management industry is better than others. Recruiters do not just look for your marks but also the skills you have earned in your management education.
- A good MBA degree is not just the responsibility of the college but also yours. A good academic performance marked with active participation in events and seminars organized by various hubs in the college and also with decorated internships is really important.
Ques. What is the fees of MBA?
Ans. The total fee varies from college to college and it ranges from INR 2- 30 LPA.
Ques. Which is the best college to do MBA in India?
Ans. IIM Ahmedabad is the best college to do MBA in India if we go according to NIRF Ranking and various other ranking surveys. IIM Ahmedabad offers General MBA and MBA in Food & Agri-Business Management, and the average MBA salary here is INR 33 LPA.
Apart from IIM Ahmedabad, there are plenty of other good MBA colleges in India, including IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Trichy, FMS Delhi, SPJIMR Mumbai, MDI Gurgaon, IIFT Delhi, etc. NITIE Mumbai is also a good government MBA college and it has shown a good improvement of 17 ranks in NIRF MBA Ranking this year.
Ques. Which MBA college gives highest salary?
Ans. IIM Ahmedabad has made the record by offering the highest salary at INR 1.32 crore in 2020 MBA Placements. In addition to it, some other colleges with highest MBA salary are IIM Calcutta, IIM Lucknow, FMS Delhi, Narsee Monjee Mumbai, SPJIMR Mumbai, IIM Kozhikode and NITIE Mumbai. All of these colleges have secured the highest package of MBA above INR 50 lakh per annum (LPA).
Ques. Can I get admission in MBA without CAT?
Ans. Yes, there are various MBA entrance exams other than CAT through which you can get admission in MBA course.
- Some of the top MBA entrance exams in India are MAT, XAT, CMAT, NMAT, SNAP, ATMA, IBSAT, etc.
- There are various state level MBA entrance exams also like MAH CAT, UPSEE MBA, TANCET, KMAT, Karnataka PGCET, OJEE, etc.
- Many college also accept the score of international exams like GMAT and GRE. IBS Hyderabad is one such MBA college.
Ques. Does college name matter in MBA?
Ans. Yes, MBA college name does matter. Many people say that it is about skills and knowledge in the end, but trends and data show that MBA college name does matter. From campus recruitment to off-campus placements, recruiters do look for candidates with a good resume listing a premier MBA college, as these colleges have established a reputation for themselves. Students of IIMs and IITs have received better job offers compared to students of other Tier 2 and Tier 3 MBA colleges.
Ques. Is it okay to do MBA from an average college?
Ans. Doing an MBA from an average college has its pros and cons.
- MBA admission in premier colleges like IIMs are expensive and normal colleges can offer you the same education at a very cheap MBA cost.
- The placements at Tier 2 and Tier 3 MBA colleges do not match the level of IIMs, but the salary package here is also good and often in 7 digits only. This, in turn, improves the ROI offered by the college.
- If you earn the requisite skills during the 2 year tenure and become capable enough, then you can also apply for off-campus placements and get a good job.
Ques. Is MBA worth in India?
Ans. If pursued from Best MBA Colleges, MBA is definitely worth it in India, as MBA colleges in India have an affordable tuition fee and offer a higher ROI than MBA Abroad
Ques. What is the MBA Admission fee in top MBA colleges in India?
Ans. The average fee in top MBA colleges in India is INR 10-15 lakhs but it can go up to INR 25-30 lakhs in some IIMs.
Ques. How can I improve my chances to get admission in top 10 MBA colleges in India?
Ans. You can score more than 95% in your graduation, score 99% in CAT and other entrance exams, and also do well in MBA GD/PI rounds to get admission in top 10 MBA colleges in India.
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