5573 Best MBA Colleges in India - 2023 Admissions, Fees, Placements

Master of Business Administration or MBA is one of the most sought-after post-graduate programmes in India and abroad. This two-year programme is a gateway to numerous job opportunities in the corporate world. There are almost 5798 MBA Colleges in India. Out of which 3723 are Private 527 are Public and the rest 77 are Public-Private which offers two year MBA Programmes.

The revised position for some of the premier best MBA colleges in India is mentioned below:

  • IIM Calcutta declined its ranking as it shifted to rank 4 in 2023 as compared to rank 3 in 2022
  • IIM Kozhikode improved its ranking as it shifted to rank 3 in 2023 when as compared to rank 5 in 2022

MBA Colleges in India Highlights:

Below is the table showing the following parameters of MBA colleges in India

Particulars

Parameters

No. of Colleges

5569

Fees

< INR 1 lakh: 1660

INR 1-2 lakh: 1638

INR 2-3 lakh: 518

INR 3-5 lakh: 525

> INR 5 lakh: 692

Top Specialisations

FinanceSales and MarketingHR,  IT and Systems, IB

Admission Process

Entrance Based: MATCATJEMATCMATXATATMANMAT, etc.

MBA Colleges in

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Master of Business Administration or MBA is one of the most sought-after post-graduate programmes in India and abroad. This two-year programme is a gateway to numerous job opportunities in the corporate world. There are almost 5798 MBA Colleges in India. Out of which 3723 are Private 527 are Public and the rest 77 are Public-Private which offers two year MBA Programmes.

The revised position for some of the premier best MBA colleges in India is mentioned below:

  • IIM Calcutta declined its ranking as it shifted to rank 4 in 2023 as compared to rank 3 in 2022
  • IIM Kozhikode improved its ranking as it shifted to rank 3 in 2023 when as compared to rank 5 in 2022

MBA Colleges in India Highlights:

Below is the table showing the following parameters of MBA colleges in India

Particulars

Parameters

No. of Colleges

5569

Fees

< INR 1 lakh: 1660

INR 1-2 lakh: 1638

INR 2-3 lakh: 518

INR 3-5 lakh: 525

> INR 5 lakh: 692

Top Specialisations

FinanceSales and MarketingHR,  IT and Systems, IB

Admission Process

Entrance Based: MATCATJEMATCMATXATATMANMAT, etc.

MBA Colleges in India Eligibility Criteria

The eligibility criteria for MBA courses may differ from one college to another. However, the basic MBA eligibility criteria is as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
  • Most of the institutes follow the minimum score criteria in graduation which is 50% aggregate or equivalent CGPA. For reserved category students, the minimum score is 45% aggregate or equivalent CGPA.
  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

Popular Exams Accepted by MBA Colleges in India

For admissions in MBA colleges in India, candidates mist qualify these exams and they are:

  • CAT: Common Admission Test (CAT) is a national level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. The CAT exam is a business aptitude test and its syllabus comprises four subjects - Verbal Ability & Reading Comprehension (VARC)Data Interpretation & Logical Reasoning (DILR) and Quantitative Ability (QA). Difficulty level of the exam is moderate to high. CAT 2023 exam date is November 26 (tentative).
  • MAT: Management Aptitude Test or MAT is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September and December. 

Preparing for CAT 2023?

Read  More:

Download CAT Previous Years Question Papers Free Online CAT Mock Test Series
CMAT Mock Test  MAT Mock Test

Top MBA Colleges in India NIRF Ranking

National Institutional Ranking Framework (NIRF) ranks colleges every year. The ranking is based on parameters and ranking changes year to year depending on the college/ university’s performance on parameters like infrastructure, placements, faculty, etc.

The below table shows the Top MBA Colleges in India that are ranked under NIRF:

College Name

NIRF 2021

NIRF 2022

NIRF 2023

IIM, Ahmedabad

1

1

1

IIM, Bangalore

2

2

2

IIM Kozhikode

4

5

3

IIM Calcutta

3

3

4

Department of Management Studies, IIT Delhi

5

4

5

List of Private and Public MBA Colleges in India

There are 3722 Private 577 Public and 77 Public Private MBA Colleges in India.

List of Private MBA Colleges in India

Below table showing list of private colleges with their total tuition fee, seats, entrance exam & eligibility:

Private College

Total Tuition Fee/Seats

Entrance Exam/ Eligibility

XLRI Xavier School of Management

INR 35,000- INR 31 lakh

Seats: 150

XAT, GMAT

Bachelor’s Degree from a recognised University in India/ abroad

SIMB Pune

INR 16 lakh- INR 22 Lakh

Seats: 182

SNAP

Eligibility: UG degree with 50%

ITM, Navi Mumbai

INR 11 lakh

Seats: 540

CAT, MAT, XAT, CMAT, GMAT, MAH CET

UG degree with 50%

SPJIMR

INR 20 lakh- INR 22 lakh

Seats: 720

CAT

UG degree with 50%

List of Public MBA Colleges in India

Below table showing list of public colleges with their total tuition fee, seats, entrance exam & eligibility:

Public College

Total Tuition Fee/Seats

Entrance Exam/ Eligibility

IIM Ahmedabad

INR 18 lakh

Seats: 50

CAT

UG degree with 50%

IIM Bangalore

INR 13 lakh- INR 25 lakh

Seats: 635

CAT

Graduation with 50% aggregate

IIM Calcutta

INR 23 lakh- INR 25 lakh

Seats: 63

CAT

Bachelor's degree with a minimum aggregate of 50%

IIT Delhi

INR 10 lakh

Seats: 91

CAT

Graduation with minimum 60% aggregate 

List of Public Private MBA Colleges in India

Below table showing list of public private colleges with their total tuition fee, seats, entrance exam & eligibility:

College Name

Total Tuition Fee/Seats

Entrance Exam/Eligibility

National Institute of Bank Management

INR 14 lakh

Seats: 180

CAT, MAT, CMAT

Bachelor's degree with a minimum aggregate of 50%

NICMAR Pune

INR 6 lakh- INR 20 lakh

Seats: 960

Bachelor's degree with a minimum aggregate of 50%

St. Xavier’s College

INR 60,000

Seats: 60

Candidate must have passed graduation from any government recognised body.

NICMAR, Hyderabad

INR 4 lakh- INR 12 lakh

Bachelor's degree with a minimum aggregate of 50%

There are many colleges that don't accept CAT scores. Check out below for more detailed view:

MBA Colleges in India: Exam Dates

Take a look to important dates of exams accepted by MBA colleges in Pune:

Exam

Date

Schedule

CAT

Nov '23 (Tentative)

CAT Schedule

MAT 2023 IBT Exam 1 and Exam 2

13 May '23

MAT Schedule

MAT 2023 IBT Exam 3

20 May '23

MAT Schedule

MAT 2023 IBT Exam 4

27 May '23

MAT Schedule

MBA Colleges in India: Ownership Type

Below table shows the number of colleges owned by private, public and public private sector.

Ownership

No. of Colleges

Private

3722

Public

527

Public Private

77

There are many MBA colleges in India in all the major cities and states. Out of all these, Maharashtra has the maximum number of MBA colleges in India. Below is the table showing cities having maximum number of MBA colleges in India:

Cities

No. of Colleges

Delhi/NCR

508

Bangalore

312

Hyderabad

252

Pune

235

ROI of Top MBA Colleges in India

Return on Investment (ROI) shows how much profit or benefit you get if you pursue a course from a particular college. It assesses the return of the fee invested by the candidate while studying and the return he/she gets in the form of placements.

 Refer to the table below to know the best MBA colleges in India with the average annual fee and average placement package:

College Name

Total Tuition Fees

Average Median package

IIM Calcutta

INR 23 lakh- INR 25 lakh

INR 27.67 LPA- INR 31 LPA

IIM Ahmedabad

INR 18 lakh

INR 20 LPA- INR 31.5 LPA

IIM Bangalore

INR 13 lakh- INR 25 lakh

INR 25 LPA- INR 31.2 LPA

IIT Delhi

INR 10 lakh

INR 20.6 LPA

IIM Lucknow

INR 10 lakh- INR 13 lakh

INR 29 LPA

Note: Above statistical are based on latest data.

READ MORE:

Top MBA Colleges in Pune

Top MBA Colleges in Tamil Nadu

Top MBA Colleges in Bangalore

Top MBA Colleges in Maharashtra

Top Recruiters for MBA Graduates

Below is the list of MBA colleges in India along with their Shiksha Ratings and Top Recruiters:

College Name Shiksha Rating Top Recruiters
IIM Bangalore 4.9 BCG, Brain, HUL, ITC, TATA, Airtel, Amazon, Uber, etc.
IIM Calcutta 4.8 McKinsey, BCG, Brain & Co, Deloitte, KPMG, PwC, E&Y, Infosys, etc.
IIM Ahmedabad 4.6 Boston Consultancy Group, Axis Bank, Larson and Toubro, Deloitte, etc.
IIM Lucknow 4.6 Deloitte, Accenture, BCG, McK, AT Kearney, Brain and etc..

How Affordable is Studying MBA in India

It is estimated that pursuing MBA in India is economical, 1660 of colleges has their annual fees ranging < INR 1 lakh. Below table showing number of colleges with their annual fee:

Fee Range

No. of Colleges

< INR 1 lakh

1,660

INR 1-2 lakh

1,638

INR 2-3 lakh

518

INR 3-5 lakh

525

> INR 5 lakh

692

Specialisations offered by MBA Colleges in India

There are various specialisation offered by MBA Colleges in India are Finance, HR, Sales & Marketing, Operations, IT & Systems, Business Analytics, IB, Entrepreneurship, Healthcare Hospital, Supply Chain, Transport and Logistics, etc. The most popular specialisations are Finance, HR and Sales & Marketing.

The below table showing specialisations offered by number of colleges:

Specialisations

No. of Colleges

Sales & Marketing

1692

Finance

1689

Human Resources

1611

IT & Systems

795

Operations

706

Which are the Most Popular Exams Accepted by MBA Colleges in India?

The most popular entrance examinations for studying an MBA course in India are CAT and MAT.

Below is table showing exams accepted by number of colleges:

Exams

No. of Colleges

CAT

1,594

MAT

1,425

CMAT

1,386

XAT

1,072

ATMA

751

READ MORE:

MBA Colleges Accepting CAT

MBA Colleges Accepting CMAT

MBA Colleges Accepting MAT

MBA Colleges Accepting ATMA

MBA Colleges in India: Cut Off

Below is the table showing cut off of MBA colleges in India: 

Cut Off

IIM, Ahmedabad Cut Off

IIM, Calcutta Cut Off

IIM, Bangalore Cut Off

IIM, Lucknow Cut Off

Compare: MBA Colleges in India

Below is the table showing compare of MBA colleges in India: 

Compare

IIM, Ahmedabad Compare

IIM, Calcutta Compare

IIM, Bangalore Compare

IIM, Lucknow Compare

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FAQs Top MBA Colleges in India

Q. Which Institute is best for MBA in India?

A. MBA is one of the most popular post-graduate courses in India and abroad. The full form of MBA is Master of Business Administration.For most of managerial level jobs across domains and sectors an MBA degree is a necessity which is why, nowadays a large number of BTech, BBA, BCom, BA, BSc, BCA graduates opt for MBA in post graduation.The best institutes for MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kharagpur, ITM Navi Mumbai, LPU, IIT Delhi, XLRI School of Management.IT Dhanbad, BHU, Aligarh Muslim University, PSGCT Coimbatore, University of Business School, and many more. 

Q. Which MBA specialisations are popular in India?

A.There are various specialisation offered by MBA Colleges in India are Finance, HR, Sales & Marketing, Operations, IT & Systems, Business Analytics, IB, Entrepreneurship, Healthcare Hospital, Supply Chain, Transport and Logistics, etc. The most popular specialisations are Finance, HR and Sales & Marketing. The most suitable MBA specialisation for Bachelors in Arts degree holders are Human Resources, Sales & Marketing, Tourism & Hospitality, Advertising & PR, Entrepreneurship and General MBA.

Q. Which are the most popular exams accepted by MBA Colleges in India?

A. The most popular entrance examinations for studying an MBA course in India are CAT and MAT. The rest of the MBA colleges in India accept CMAT, XAT, ATMA, MAH CET, KMAT, etc. for admission into their colleges.

Q. Is it expensive to study MBA in India?

A. It is estimated that pursuing MBA in India is economical as  1659 of colleges has their annual fees ranging < INR 1 lakh and some of them are IT Dhanbad, BHU, Aligarh Muslim University, PSGCT Coimbatore, University of Business School, BBAU, SKCET, VTU, Aligarh Muslim University, CU, BHU, JMI, XLRI Xavier School of Management and many more. Below table showing number of colleges with their annual fee:

Fee Range

No. of Colleges

< INR 1 lakh

1659

INR 1-2 lakh

1638

INR 2-3 lakh

516

INR 3-5 lakh

526

> INR 5 lakh

685

Q. What is eligibility for MBA colleges in India?

A. The basic MBA eligibility criteria is as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as some basic eligibility criteria for MBA (full-time).
  • Most of the institutes follow the minimum score criteria in graduation which is 50% aggregate or equivalent CGPA. For reserved category students, the minimum score is 45% aggregate or equivalent CGPA.
  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

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

A. The top recruiters for MBA colleges in India are Accenture, Microsoft, AWS Consulting, Bain & Company, Infosys, IBM, ITC, Wipro, Myntra, EY, Strategy, Boston Consulting Group, Kearney, Brain & Co., Aditya Birla Group, C. K. Birla, Reliance Industries Limited, Accenture, EY, FIT JEE, Cipla, Infosys, and many more. 

Q. Which MBA is most powerful?

A. Candidates have the option of pursuing an MBA with a specialisation outside of the standard MBA programme. Candidates can choose from a wide variety of MBA specialisations in India. Every applicant for an MBA programme is advised to select a branch or speciality because doing so would better prepare them with the necessary abilities for careers in fields like finance, operations, human resources, sales, and marketing, to mention a few. 

Q. What are the skills required to pursue MBA?

A. A manager is expected to lead a team of professionals hence the most important skills for a successful manager are good communication and leadership qualities. Take a look at some of the skills required for MBA/PGDM, below:

Full-time MBA Required Skillset
Business acumen Good communication skills
Problem-solving Skills Management skills
Strong mathematical skills Research oriented
Analytical thinking Leadership qualities

Q. Which is the No 1 MBA University in India?

A. The top MBA schools in India are ranked from highest to lowest by IIM Ahmedabad, IIM Bangalore, IIM Kolkata, and so on. The top three MBA colleges in India according to the NIRF rankings for 2023 include IIM Kozhikode, IITs like IIT Delhi, and XLRI MDI Gurgaon, to name a few. The no. 1 MBA University in India is IIM Ahemdabad. IIM Ahmedabad admission 2023 are dependent on the CAT entrance scores. A valid CAT score is required for admission to the institute's two-year, full-time, residential flagship PGP (commonly known as MBA) degree. The CAT percentile for IIM Ahmedabad in previous years climbed up to 99.6, demonstrating how difficult it is for a student to be accepted to this institution.

Q. Which college ranks best in India for MBA?

A. The below table shows the Top MBA Colleges in India that are ranked under NIRF:

College Name

NIRF 2021

NIRF 2022

NIRF 2023

IIM, Ahmedabad

1

1

1

IIM, Bangalore

2

2

2

IIM Kozhikode

4

5

3

IIM Calcutta

3

3

4

Department of Management Studies, IIT Delhi

5

4

5

Q. In which state MBA is best in India?

A. There are about 5798 MBA colleges in India, Out of which, Maharashtra has almost 721 best MBA colleges in India and some of them are SIMB Pune, IIT Bombay, National Institute of Indrustrial Engineering, ITM Business School, Navi Mumbai, Amity University Mumbai, NIMIMS Mumbai, SPJIMR, MIT-ADT University, IIM Nagpur, KJ Soamiya Institute of Management, VBS and many more

Q. Which college has highest placement for MBA?

A. Refer to the table below to know the best MBA colleges in India with the average annual fee and average placement package:

College Name

Total Tuition Fees

Average Median package

IIM Calcutta

INR 23 lakh- INR 25 lakh

INR 27.67 LPA- INR 31 LPA

IIM Ahmedabad

INR 18 lakh

INR 20 LPA- INR 31.5 LPA

IIM Bangalore

INR 13 lakh- INR 25 lakh

INR 25 LPA- INR 31.2 LPA

IIT Delhi

INR 10 lakh

INR 20.6 LPA

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