Top MBA Colleges in India 2023

IIM Ahmedabad leads the list of the top MBA colleges in India followed by IIM Bangalore, IIM Kolkata and so on. NIRF rankings showcasing the top MBA colleges in India 2023 include the ranking of above three and IIM Kozhikode, IITs like IIT Delhi, XLRI  MDI Gurgaon to name a few in 2022. Careers360 has released its rankings for the top MBA colleges in India 2023 and the list has the top three IIMs and a host of top BSchools of India which have made their mark. 

Top MBA Colleges in India Based on Careers360 Ranking 

Every year, the top MBA colleges in India are assessed and ranked by Careers360. Parameters that are used to determine the top MBA colleges include facilities, courses, placements, research and so on. The list of top MBA colleges in India 2023 as per NIRF include the following

Top MBA Colleges in India - as per NIRF Ranking 

The ‘National Institutional Ranking Framework’ analyses the overall performance of all colleges in different streams and publishes the rankings every year. NIRF rankings for top MBA colleges in India for 2022 are as follows:

Top 10 MBA colleges in India as per NIRF 2022

Top 10 MBA colleges in India as per NIRF 2021

Top 10 MBA Colleges in India 2023 by Careers360 

Top MBA Colleges in India - Placement Wise

One of the factors looked at by students is the placement offered by the MBA colleges in India. It is also an important factor that is kept in mind while considering admissions. The top MBA colleges in India have good placement statistics. Students can also look at the top 10 MBA colleges in India as per their placement statistics. The details are given in the table below

Top MBA Colleges in India with placement statistics and top recruiter details

 Top MBA Colleges in India with Fees

This is an important factor that plays a role in the choice of students during admissions. Many students check the top MBA colleges in India with fees to understand and prepare for the admissions. The details of the top MBA colleges in India both private and public are given below.

Top Private MBA colleges with Fee

Top Public MBA Colleges with Fee

Top MBA Colleges in India - Cutoff wise

Most aspirants search for the cutoff for top MBA colleges such that they can prepare and aim for the same. Most of the top MBA colleges in India accept CAT percentile scores for their MBA admissions. MBA aspirants generally aim for the IIMs and then other top MBA colleges in India. A list of the CAT cutoff for the top MBA colleges in India are given below.

Top IIMS with cutoff (expected)

CAT Cutoff for Top MBA Colleges other than IIMs

Admission Procedure for Top Management Colleges in India

One of the first things to check for is the eligibility before applying to any of the top MBA colleges in India. Some of the common eligibility criteria for MBA admissions are

• Applicants must have finished their graduation level studies from any recognized university and should have secured a minimum of 50% as an aggregate mark during that period. 
• Students who are in their final year of graduation can also apply for the MBA degree in top colleges in India. 

Entrance Exams to get into the Top MBA Colleges in India

All eligible candidates will have to vie for admissions in the top MBA colleges on the basis of their performance in the various MBA entrance exams. Most of the top MBA colleges in India accept CAT scores which is why it has the highest number of applicants. Some of the most popular management entrance exams in India are

• CAT
• XAT
• CMAT
• MAT
• SNAP
• MAH CET 
• GMAT

Top Five Management Colleges in India Based on Top Specializations

Top MBA Colleges offering MBA in sales and marketing 

1. Indian Institute of Management, Ahmedabad 
2. Narsee Monjee Institute of Management Studies, Mumbai 
3. Indian Institute of Management, Kolkata 
4. Vinod Gupta School of Management, IIT Kharagpur 
5. Indian Institute of Management, Indore 

Top MBA Colleges offering MBA in Human Resources 

1. Indian Institute of Management, Bangalore 
2. XLRI Xavier School of Management, Jamshedpur 
3. Shailesh J. Mehta School of Management, IIT Bombay 
4. Department of Management Studies, IIT, Roorkee 
5. MDI Gurgaon 

Top MBA Colleges offering MBA in Foreign Trade 

1. Indian Institute of Foreign Trade, New Delhi 
2. JMI Delhi
3. Loyola Institute of Business Administration, Chennai 
4. Institute of Management Studies, BHU, Varanasi 
5. Institute of Management, Nirma University, Ahmedabad

How to select the best MBA colleges in India? 

Choosing an MBA college that is suitable in all aspects requires a bit of research. Some steps to narrow down the choice of college are

• Choose a college that provides the specialization you are interested in. 
• College accreditation or affiliation matters the most. Look out for this. 
• Go through the list of faculty members (do a check on their experience and qualification). 
• Go through the course content and see if all you need to learn for your future is provided in there. 
• Infrastructure and alumni needs to be considered too. 
• Placement options give a clear idea about the legacy of the college, so, check that out always. 

Check the list of MBA colleges in India 

Top MBA Colleges in India - Frequently Asked Questions

Q. Which are the top MBA colleges in India for Finance? 

A. IIM Bangalore, FMS Delhi, SPJIMR Mumbai and Alliance University Bangalore are regarded as the leading management colleges in India offering specialisation in finance.

Q. Name three top MBA colleges in India for operations management?

A. IIM Bangalore, IIM Kolkata and IIM Indore are regarded as the best management colleges in operations management in India. 

Q. Is CAT mandatory for MBA admissions in top Bschools in India? 

A. No. While CAT is widely preferred, other entrance exams like XAT, MAT, CMAT, ATMA etc as well as state entrance exams and university entrance exams are also considered for MBA admissions. 

Q. How can one check which BSchool to take admissions to?

A. The ideal plan to narrow down a BSchool would be to check the top colleges, specializations in which one is interested.  While top BSchools in India can be checked through NIRF and other rankings, the specialization part is individual specific. Students should also look at facilities, placements as well as alumni connect for all colleges they wish to consider.

Q. Which is the best entrance exam to get into a top BSchool? 

A. CAT scores are widely accepted making it the most popular entrance exam to get into the best MBA colleges in India. However, other exams like XAT, CMAT, ATMA and MAT are also considered for admissions. Since competition is tough for CAT, many students take up these entrance exams to get entry to the some of the popular BSchools in India.

Q. Is India the best country for pursuing a degree in MBA? 

A. India is home to good BSchools like the IIMs, IITs, XLRI to name a few. So pursuing MBA from here is good enough for a fruitful career. Choosing a country depends upon not just the institute but fees, ease of admissions and further career path. For an Indian student, these factors make India the best country to pursue MBA. 

Q. What makes pursuing an MBA a popular career option? 

A. The career prospects after MBA are so lucrative and ensure professional success that it has become one of the most popular career choice for many students. 

Q. Is MBA better than CA? Do their salaries differ? 

A. The two degrees are different in not just the subject of study but also the profiles that come after completion. The salary structure differs not just for degrees but also the experience one has. While MBA is solely management oriented, CA is commerce related. MBA comes in different specializations while CA does not. An MBA is a two year course but CA has three levels to clear and takes far more time. It also includes articleship which is an integral part of the course while this is not mandatory for an MBA. Many students prefer MBA as its easy to complete and is less rigorous. Salaries of course differ for both on account of the nature of work.

Q. Can I do an MBA right after completing XII boards examination? 

A. No, you cannot. You need to complete graduation from a recognized university and then apply for an MBA. 

Q. What is the most significant advantage of doing an MBA after doing BTech? 

A. Doing MBA after doing engineering is beneficial because you will be able to possess both technical acumen and managerial acumen that is essentially required in the corporate world.