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
CAT score is valid for one year at the IIMs and top B-Schools. In some tier 3 and government institutions, CAT score of previous two years are also acceptable. Many B-schools including IIMs have an option of deferment of admission, wherein you can confirm your admission and pay the nominal fee but join the batch in the next year. It is advised that candidates take admission in the same year as their CAT attempt so that they don't have to reappear next year. Given the competition in MBA space, it is difficult to get a good college whether you have a low score or average score. So, incase one is getting a good college, they should take admission and not drop a year to appear for CAT again.
Yes, you can apply for CAT. The main criteria of eligibility for CAT is graduation from a recognised university. So, whether the education mode is full-time or correspondence, if the university is recognised by the UGC, the candidates will be eligible to appear for the CAT exam.
If you have a very good CAT score but poor academic record it is quite likely that you may not be shortlisted for top IIMs as the institutes prefer candidates with overall consistency in academics. Class 12 scores holds a lot of importance in shortlisting of candidates for WAT-PI.
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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