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Best MBA Colleges in India

MBA Colleges in India - Master of Business Administration (MBA) is one of the most popular management courses pursued by graduate students in India. MBA courses in India are offered in a variety of specialisations at more than 5,000 MBA colleges (government and private). Amongst the many B-schools in India, a few institutes have been rated and ranked in the top MBA colleges in India on the basis of the quality of education they offer and other factors like faculty, placements, facilities and more. Candidates may find the list of top MBA colleges in India in the article below. Various other aspects related to the best MBA colleges in India like NIRF ranking, fee structure, course specialisations and placement data are also provided below for better understanding and reference.

Top MBA Colleges in India - Highlights

No. of MBA Colleges in India

5065 (MBA +PGDM) 

Type of MBA Colleges

Public/Government and Private Colleges

Private- 4170 Colleges

Public/Government- 618 Colleges

MBA Colleges Approved by

UGC (University Grants Commission)

MBA Admission Process

Through entrance exams like CAT, XAT, GMAT, SNAP, NMAT, CMAT

Top Courses offered by MBA Colleges in India

MBA, Executive MBA, MBA in HR, MBA in Marketing MGMT, MBA in Finance & Accounting, MBA in Digital Marketing Management, to name a few

Average Fees

Rs 1 lakh to Rs 30 lakhs

Best MBA Colleges in India - Eligibility Criteria

In order to pursue a Master of Business Administration course from any of the best MBA colleges in India, candidates need to comply with certain academic requirements. Given below are the MBA eligibility criteria for admission to the top MBA colleges in India:

  • Candidates should have passed a graduate degree under the 10+2+3 or 10+2+4 pattern in any discipline from a recognised university. They should have secured at least 50% marks in aggregate in the qualifying degree.
  • Candidates with an honors degree under 10+2+4 pattern from a recognised university under UGC Act with at least 50% marks in aggregate.
  • Candidates who have passed a Bachelor/Master's degree through correspondence / Open University System from this university or from any other university recognised by law are also eligible.
  • Candidates in their final year of graduation are also eligible to apply provided they fulfil any of the above criteria during admissions.

Top MBA Colleges in India (Based on NIRF Ranking)

Conducted by the Ministry of Education, Government of India, the National Institute Ranking Framework uses various factors like courses offered at the institute, placements, teacher-student ratio, and others to rank the institutes. Given below is the NIRF ranking for the top 20 MBA colleges in India.

NIRF 2023 ranking list of MBA colleges in India 

RankNameScore
1IIM Ahmedabad83.20
2IIM Bangalore80.89
3IIM Kozhikode76.48
4IIM IIM Calcutta75.53
5IIT Delhi74.14
6IIM Lucknow74.11
7IIM Mumbai (NITIE)71.99
8IIM Indore  71.95
9XLRI Jamshedpur   70.75
10IIT Bombay68.11
11 IIM Raipur66.18
12 IIM Rohtak65.88
13 MDI Gurgaon64.88
14 IIT Kharagpur63.92
15 IIT Madras 62.83
16IIM Udaipur62.78
17 SIBM, Pune62.74
18 IIT Roorkee62.14
19 IIM Kashipur61.07
20SPJIMR   60.91

Top MBA Colleges in India (Based on Careers360 Ranking)

Every year, Careers360 ranks many management schools on various factors. The table below contains the list of the top 20 MBA colleges in India and their corresponding ranking by Careers360.

Careers360 ranking for Best MBA colleges in India 

Name of MBA collegeCareers360 Rank

Indian Institute of Management Ahmedabad

Rank 1 in Public/Government

Indian Institute of Management Bangalore

Rank 2 in Public/Government

Indian Institute of Management Calcutta

Rank 3 in Public/Government

FMS, University of Delhi

Rank 4 in Public/Government

Indian Institute of Management Indore

Rank 5 in Public/Government

Indian Institute of Management Kozhikode

Rank 6 in Public/Government

Xavier School of Management Jamshedpur

Rank 1 in Private

Indian Institute of Management Lucknow 

Rank 7 in Public/Government

Department of Management Studies IIT Delhi

Rank 8 in Public/Government

Management Development Institute, Gurgaon

Rank 2 in Private 

National Institute of Industrial Engineering, Mumbai

Rank 9 in Public/Government

SJMSOM, IIT Bombay

Rank 10 in Public/Government

VGSOM,  IIT Kharagpur 

Rank 11 in Public/Government

Indian Institute of Management Tiruchirappalli

Rank 12 in Public/Government

Indian Institute of Management Raipur

Rank 13 in Public/Government

Indian Institute of Management Udaipur

Rank 14 in Public/Government

Indian Institute of Management Rohtak

Rank 15 in Public/Government

SPJIMR, Mumbai

Rank 3 in Private 

Indian Institute of Technology Roorkee

Rank 16 in Public/Government

Indian Institute of Management Ranchi

Rank 17 in Public/Government

Admission Process for MBA Colleges in India

MBA admissions in India ask for certain criteria to be fulfilled in terms of academics, nationality, age and more. In addition, if the MBA selection process is on the basis of MBA entrance exam scores and GD and PI, candidates will need to qualify for all the stages to avail of admissions. Most MBA colleges in India accept scores of national-level entrance examinations like CAT, XAT, SNAP, MAT, NMAT, and ATMA, to name a few. Candidates must make a list before applying for admission to MBA colleges in India as the process may vary from institute to institute.

Top MBA Colleges in India (Placement-wise)

Placement is one factor that students look at before why the majority of candidates pursue MBA courses in India. Thus, knowing the placement records for MBA colleges in India is a must before applying for MBA admissions. Candidates may find the placements for the best MBA colleges in India in the table below.

Placement Report for the top MBA Colleges in India

Name of the Institutes

Course

Placement Data

IIM Bangalore

MBA

Median Salary - Rs 28 lakh

IIM Ahmedabad - Indian Institute of Management

MBA

Median Salary - 25 Lakhs

FMS BHU - Institute of Management Studies Banaras Hindu University

MBA

Rs 7.2 lakh

UBS Chandigarh - University Business School Panjab University

MBA

Rs 12 lakh

JMI New Delhi - Jamia Millia Islamia

Executive MBA Part Time

54%

Median Salary - Rs 5.3 lakh

School of Business, University of Petroleum and Energy Studies, Dehradun

MBA

Median Salary - Rs 5 lakh

Christ University, Bangalore

MBA

Median Salary - Rs 10 Lakhs

Top MBA Colleges in India (Fees-wise)

Due to financial restraints, the majority of candidates willing to pursue an MBA in India first wish to know the fee payable for such a course. Thus, the table below contains various MBA courses offered by the top MBA colleges in India and their corresponding fees.

Course Fee at Best MBA Colleges in India

Name of the Institute

Course

Fees

FMS Delhi - Faculty of Management Studies University of Delhi

Executive MBA

Rs 1 lakh

Executive MBA Healthcare Administration

Rs 1 lakh

MBA

Rs 20,960

IIM Bangalore - Indian Institute of Management

MBA

Rs 23 lakh

MBA Business Analytics

Rs 23 lakh

MBA One Year

Rs 25.80 lakh

MBA Weekend

Rs 18.5 lakh

PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University

MBA Pharma Biotechnology

RS 1.32 lakh

MBA

Rs 1.29 lakh

IIM Ahmedabad - Indian Institute of Management

Executive MBA

Rs 28 lakh

MBA

Rs 23 lakh

MBA Food and Agribusiness Management

Rs 22.50 lakh

FMS BHU - Institute of Management Studies Banaras Hindu University

MBA

Rs 98,910

MBA International Business

Rs 98,910

MBA Agribusiness

Rs 61,530

MSU Baroda - Maharaja Sayajirao University of Baroda

MBA at Faculty of Management Studies

Rs 37,200

MBA

Rs 29,000

MBA Evening

Rs 1.78 lakh

MBA Part Time

Rs 1.81 lakh

UBS Chandigarh - University Business School Panjab University

MBA

Rs 38.42 lakh

MBA Human Resource

Rs 38.42 lakh

MBA International Business

Rs 38.42 lakh

Executive MBA

Rs 1.93 lakh

MBA Entrepreneurship

Rs 2.05 lakh

UPES School of Business, Dehradun

MBA Operations Management

Rs 14.20 lakh

MBA Business Analytics Energy Analytics

Rs 14.20 lakh

Christ University

MBA

Rs 7.75 lakh

Executive MBA

Rs 3.58 lakh

MBA Finance Management

Rs 7.60 lakh

MBA International Business

Rs 7.88 lakh

MBA Leadership and Management


Rs 4.25 lakh

MBA Tourism Management

Rs 3.42 lakh

Top Private MBA Colleges in India

Private institutes have their own perks which attract a lot of candidates. There are a total of 6738 MBA colleges in India under private ownership. Private MBA colleges in India offer a variety of specialisations and other additional aspects like field exposure and others.

Top Private MBA Colleges in India

List of Government MBA Colleges in India

Most of the candidates wish to pursue MBA from top MBA colleges in India run by the government. Some of the institutes from the List of government MBA colleges in India have been provided below for candidates to opt from accordingly as per their preference.

Top MBA Colleges in India - Entrance Exams

As already mentioned, various entrance exams are conducted at national as well as state/ institute levels for MBA admissions in India. The table below are certain MBA entrance examinations conducted for admission to MBA colleges in India.

MBA Entrance Exams in India

Name of the MBA Exam

Description

CAT

Common Admission Test is a national-level entrance exam conducted by the Indian Institutes of Management in online mode for admissions to MBA/PGDM courses.

NMAT by GMAC

Graduate Management Admission Council (GMAC) conducts another national-level exam called the NMAT entrance exam for admissions to MBA courses

XAT

Xavier Labour Relations Institute (XLRI)  Jamshedpur conducts Xavier Aptitude Test as a national-level exam for MBA admissions to B-Schools.

MAT

All India Management Association (AIMA) conducts Management Aptitude Test for B-School admissions.

GMAT

Graduate Management Admission Council conducts Graduate Management Admission Test (GMAT) for admissions to MBA and PGDM courses.

Top MBA Colleges in India - Branch-wise

The table below depicts MBA courses offered by various MBA colleges in India along with their specific specialisations. This helps candidates choose the right MBA specialisation based on their interests.

MBA Specialisations offered by MBA Colleges in India

Name of the Institute

Course

FMS Delhi - Faculty of Management Studies University of Delhi

Executive MBA

Executive MBA Healthcare Administration

MBA

IIM Bangalore - Indian Institute of Management

MBA

MBA Business Analytics

MBA One Year

MBA Weekend

PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University

MBA Pharma Biotechnology

Executive MBA

MBA

IIM Ahmedabad - Indian Institute of Management

Executive MBA

MBA

MBA Food and Agribusiness Management

FMS BHU - Institute of Management Studies Banaras Hindu University

MBA

MBA International Business

MBA Agribusiness

MSU Baroda - Maharaja Sayajirao University of Baroda

MBA at Faculty of Management Studies

MBA

MBA Evening

MBA Part Time

UBS Chandigarh - University Business School Panjab University

MBA

MBA Human Resource

MBA International Business

Executive MBA

MBA Entrepreneurship

UPES School of Business, Dehradun

MBA Finance Management

MBA Human Resource

MBA Logistics and Supply Chain Management

MBA Marketing Management

MBA Operations Management

MBA Aviation Management Airline Service Operations

MBA Aviation Management Aviation Enterprise Management

MBA Business Analytics Data Mining

MBA Business Analytics Energy Analytics

Christ University

MBA

Executive MBA

MBA Finance Management

MBA International Business

MBA Leadership and Management

MBA Tourism Management

Frequently Asked Questions (FAQs)

Q: Which college is best for MBA in India?

A: Based on NIRF 2021 ranking, IIM Ahmedabad is the best MBA college in India. NIRF is a national-level ranking system and hence is the most reliable aspect to decide the quality of education and course at any institute. 

Q: How many MBA colleges are there in India?

A: According to the list of MBA colleges in India, there are total 8110 MBA colleges in India that offer MBA courses all around the country.

Q: Which is the most affordable MBA college?

A: MBA is one of the most expensive courses for higher studies. However, the government MBA colleges in India are comparatively affordable.

Q: Can I get admission to an MBA college without CAT?

A: Yes, there are various MBA colleges that offer admission to MBA courses in India either on merit or on the basis of scores obtained in other entrance exams as well apart from CAT.

Q: Which college in India has the best MBA placements? 

A: Based on the current placement data, IIM Bangalore students get a higher placement package as compared to the others.

Q: What are some popular MBA specialisations in India?

A: Some of the most popular MBA specialisations are Executive MBA, MBA in HR, MBA Business Analytics, and many others.

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