List of Top MBA Colleges with Average Package; Admission Process, Fees, Eligibility
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MBA has gained popularity owing to the average MBA packages offered by several tier-1 and tier-2 b-schools. Check here for a list of MBA colleges with average packages, admission process, fees, and eligibility.
List of MBA Colleges with Average Package
List of Top MBA Colleges with Average Package: India has more than 5,000 MBA colleges, which makes it difficult for aspirants to choose a specific bschool. One of the primary factors used to evaluate these institutions is the average salary package provided to past graduates. Graduates from top Indian bschools can expect average annual salaries ranging upwards of INR 25 lakhs. Securing admission at these top-tier programs requires passing competitive entrance exams like CAT, SNAP, or XAT.
Candidates often evaluate the best MBA colleges by comparing their fees against their placement records and calculating the RoI. This article provides a list of the top 50 MBA colleges in India based on the NIRF rankings. It covers IIMs and other leading institutions, with details on their average placement packages, admission processes, and fees.
- IIMs with Average Package
- List of Top 50 MBA Colleges with Average Package
- List of Best 50 MBA Colleges with Admission Process & Fees
IIMs with Average Package
Across India, 21 prestigious Indian Institutes of Management (IIMs) stand tall, illuminating its academic excellence and career-launching power. These institutes providing holistic business education have developed the reputation of churning out graduates who fetch some of the highest average salary packages in the country.
One seeking an MBA propelling towards financial success and professional stardom can look nothing beyond an IIM. The table below reveals all IIMs with average placement packages to help candidates choose their ideal springboard to a lucrative future.
| Institute |
NIRF Ranking 2024 |
Average Placement Package |
|---|---|---|
| 17 | INR 18.69 LPA |
|
| 2 | INR 35.92 LPA |
|
| 5 | INR 35.07 LPA* |
|
| 1 | INR 34.45 LPA* |
|
| 6 | INR 30 LPA |
|
| 3 | INR 28.05 LPA |
|
| 8 | INR 25.68 LPA |
|
| 7 | INR 33.84 LPA (top 50%)* |
|
| 24 | INR 26.10 LPA |
|
| 14 | INR 19.7 LPA |
|
| 27 | INR 19.43 LPA |
|
| 22 | INR 18.8 LPA |
|
| 12 | INR 19.27 LPA |
|
| 23 | INR 18.10 LPA* |
|
| 31 | INR 16.29 LPA |
|
| 50 | INR 14.21 LPA |
|
| 26 | INR 15.61 LPA* |
|
| 47 | INR 19.73 LPA (Top quartile)* |
|
| 42 | INR 14.01 LPA (MBA HA & HM) INR 15.48 LPA (MBA) |
|
| 33 | INR 13.90 LPA |
|
| 57 | INR 14.45 LPA* |
*NOTE: Official figures yet to be released
Commonly asked questions
Yes, you are eligible to appear for the exam provided your score in the first two years of the degree course is above 50% (or equivalent). In case you belong to SSC/ST/PwD categories, the minimum aggregate should be 45%. Candidates planning to pursue MBA must make sure that they score minimum of 50 per cent in aggregate in every year of their Bachelor's degree programme, so that overall average too is 50 per cent. Those, in the final year of graduation must take care that if they do not have a minimum of 50 per cent in first two years, they need to score much higher in the final year so that their overall score meets the minimum requirement. To have a better chance of being selected by the Iims, candidates must aim for high scores in graduation and not just 50 per cent as academic record is a significant contributor in shortlisting of candidates for admission.
CAT fee is non-refundable. Candidates must note that under no circumstances will the CAT fee be refunded to any candidate. The fee amount of INR 2600 (INR 1300 for Reserved category students) once paid cannot be claimed for refund.
PSG College of Technology, Coimbatore, is among the top MBA colleges accepting TANCET scores for admission. As per the TANCET cutoff from 2021 and 2020 session, candidates who had secured more than 99 percentile were admitted to the college for MBA Admission. The cutoff score for each year varies and the reservation quota also has an impact on PSGCT admission. Generally if a candidate is ranked within top 130 test takers, he she has a higher chance of getting into PSG College of Technology. Candidates can get the TANCET rank list and TANCET cutoff scores/ranks from the previous session available on the Tamil Nadu MBA Admission website.
The CAT cut offs for IIM Bangalore hovers between 97-100 percentile. The qualifying CAT cut off required for being eligible for IIM Bangalore's Written Ability test (What) and Personal Interview PI is 85 percentile for General category students, whereas for SC candidates, it is 70 percentile. For ST candidates, it is 65 percentile and for PwD candidates it is 60 percentile. Given below are the sectional and overall qualifying CAT cut offs for IIM Bangalore.
- General category: 80 VARC 75 DILR 75 Quantitative Aptitude 85 (Overall)
- NC-OBC category: 75 VARC 65 DILR 65 Quantitative Aptitude 75 (Overall)
- EWS category: 70 VARC 65 DILR 65 Quantitative Aptitude 75 (Overall)
- SC category: 65 VARC 60 DILR 60 Quantitative Aptitude 70 (Overall)
- ST category: 55 VARC 55 DILR 55 Quantitative Aptitude 65 (Overall)
- PwD category: 50 VARC 50 DILR 50 Quantitative Aptitude 60 (Overall)
List of Top 50 MBA Colleges with Average Package
Besides IIMs, several tier-1 b-schools are known to provide a good average package to its students via campus placements. NIRF, an initiative by MoE, ranks colleges under different streams and collectively. The table below mentions the top 50 b-schools as per NIRF ranking in order of the average placement:
| Institute |
NIRF Ranking 2024 |
Average Placement Package |
|---|---|---|
| IIM Ahmedabad |
1 |
INR 34.45 LPA* |
| IIM Bangalore |
2 |
INR 35.92 LPA |
| IIM Kozhikode |
3 |
INR 28.05 LPA |
| 4 |
INR 25.82 LPA* |
|
| IIM Calcutta |
5 |
INR 35.07 LPA* |
| IIM Lucknow |
6 |
INR 30 LPA |
| IIM Mumbai |
7 |
INR 33.84 LPA (top 50%)* |
| IIM Indore |
8 |
INR 25.68 LPA |
| 9 |
INR 27.07 LPA |
|
| 10 |
INR 23.5 LPA |
|
| 11 |
INR 25.5 LPA |
|
| IIM Rohtak |
12 |
INR 19.27 LPA |
| 13 |
INR 28.16 LPA |
|
| IIM Raipur |
14 |
INR 19.7 LPA |
| 15 |
INR 27.3 LPA |
|
| 16 |
INR 16.93 LPA |
|
| IIM Ranchi |
17 |
INR 18.69 LPA |
| 18 |
INR 18.3 LPA |
|
| 19 |
INR 20.83 LPA |
|
| 20 |
INR 33 LPA |
|
| SVKM's Narsee Monjee Institute of Management Studies, Mumbai |
21 |
INR 25.13 LPA |
| IIM Udaipur |
22 |
INR 18.8 LPA |
| IIM Kashipur |
23 |
INR 18.10 LPA* |
| IIM Shillong |
24 |
INR 26.10 LPA |
| 25 |
to be updated |
|
| IIM Visakhapatnam |
26 |
INR 15.61 LPA* |
| IIM Tiruchirappalli |
27 |
INR 19.43 LPA |
| 28 |
INR 8.33 LPA |
|
| 29 |
INR 18.2 LPA |
|
| 29 |
to be updated |
|
| IIM Nagpur |
31 |
INR 16.29 LPA |
| 32 |
INR 19.21 LPA |
|
| IIM Bodh Gaya |
33 |
INR 13.90 LPA |
| 34 |
- 15.10 LPA (PGDM) - INR 17.30 LPA (PGPM) |
|
| 35 |
INR 17.07 LPA |
|
| 36 |
INR 9.54 LPA* |
|
| 37 |
INR 14.81 LPA |
|
| 38 |
INR 7 LPA |
|
| 39 |
to be updated |
|
| 40 |
INR 16.71 LPA |
|
| 41 |
INR 7.69 LPA |
|
| IIM Jammu |
42 |
- INR 14.01 LPA (MBA HA & HM) - INR 15.48 LPA (MBA) |
| 43 |
- INR 19.53 LPA (MBA BM) - INR 17.02 LPA (MBA HRM) - INR 12.50 LPA (MBA RM) - INR 14.02 LPA (MBA SM) - INR 13.40 LPA (MMS-BF) |
|
| Thapar Institute of Engineering and Technology (Deemed-to-be-university), Punjab |
44 |
to be updated |
| 45 |
INR 9.05 LPA |
|
| Indian Institute of Technology (Indian School of Mines), Dhanbad |
46 |
to be updated |
| IIM Amritsar |
47 |
INR 19.73 LPA (Top quartile)* |
| 48 |
INR 11.1 LPA |
|
| 49 |
INR 14.14 LPA |
|
| IIM Sambalpur |
50 |
INR 14.21 LPA |
*NOTE: Official figures yet to be released.
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List of Best 50 MBA Colleges with Admission Process & Fees
Candidates can check the table below to know the admission process and fees for top 50 MBA colleges in India:
| Institute |
Admission Process |
Fees (in INR) |
|---|---|---|
| IIM Ranchi |
17.50L |
|
| IIM Bangalore |
CAT |
24.50L |
| IIM Calcutta |
CAT |
31L |
| S.P. Jain Institute of Management & Research, Mumbai |
Either of the following scores:
|
9L |
| IIM Ahmedabad |
CAT |
25L |
| XLRI-Xavier School of Management, Jamshedpur |
Either of the following scores: |
23.15L |
| IIM Lucknow |
CAT |
20.70L |
| IIM Kozhikode |
CAT |
20.50L |
| IIM Indore |
CAT |
22L |
| Indian Institute of Foreign Trade, Delhi |
CAT |
19.50L |
| Indian Institute of Technology, Bombay |
CAT |
14L |
| IIM Mumbai |
CAT |
21L |
| IIM Shillong |
CAT |
17.50L |
| Symbiosis Institute of Business Management, Pune |
22L+ |
|
| SVKM's Narsee Monjee Institute of Management Studies, Mumbai |
11.95L |
|
| Management Development Institute, Gurgaon |
CAT |
25L |
| Indian Institute of Technology, Delhi |
CAT |
11.20 L |
| Indian Institute of Technology, Kharagpur |
CAT |
11.60L |
| IIM Raipur |
CAT |
16L |
| IIM Tiruchirappalli |
CAT |
21L |
| Indian Institute of Technology, Madras |
CAT |
17L |
| MICA, Ahmedabad |
23L |
|
| XIM University |
Either of the following exam scores:
|
21L |
| IIM Udaipur |
CAT |
19L |
| IIM Rohtak |
CAT |
17.90L |
| Indian Institute of Technology, Roorkee |
CAT |
4L |
| Indian Institute of Technology, Kanpur |
CAT |
22L |
| Great Lakes Institute of Management, Chennai |
Either of the following exam scores:
|
11.2L |
| IIM Kashipur |
CAT |
17.30L |
| Institute of Management Technology, Ghaziabad |
Either of the following exam scores:
|
21.53L |
| International Management Institute, Delhi |
Either of the following exam scores:
|
20.8L |
| Indian Institute of Technology (Indian School of Mines), Dhanbad |
CAT |
84K |
| IIM Nagpur |
CAT |
18L |
| IIM Visakhapatnam |
CAT |
19L |
| IIM Jammu |
CAT |
17.15L |
| Goa Institute of Management |
Either of the following exam scores:
|
18.3L |
| T. A. Pai Management Institute, Manipal |
Either of the following exam scores:
|
17.34L |
| K J Somaiya Institute of Management Studies and Research, Mumbai |
Either of the following exam scores:
|
20.87L |
| Birla Institute of Management Technology, Noida |
Either of the following exam scores:
|
14L |
| UPES, Dehradun |
Either of the following exam scores:
|
8.45L |
| Chandigarh University |
Either of the following exam scores:
|
5.56L |
| Jaipuria Institute of Management, Noida |
Either of the following exam scores:
|
13.5l |
| Jamia Millia Islamia, New Delhi |
JMI Entrance Exam |
47K |
| Lovely Professional University, Punjab |
Either of the following exam scores:
|
8L |
| Amrita Vishwa Vidyapeetham, Coimbatore |
Either of the following exam scores:
|
11.1L |
| National Institute of Technology, Tiruchirappalli |
CAT |
3L |
| ICFAI Foundation for Higher Education, Hyderabad |
Either of the following exam scores:
|
16.02L |
| Amity University, Noida |
Either of the following exam scores:
|
12.16L |
| Thapar Institute of Engineering and Technology (Deemed-to-be-university), Punjab |
Either of the exams
|
10.90L |
| Anna University, Chennai |
82K |
Abhishek is a content writer and editor with 7+ years of experience in education journalism. He completed his graduation from University of Delhi with a BA Degree. At Shiksha.com, he handles content for MBA, BBA, an
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