Top MBA Colleges in India 2023: Rankings, Fees, Admissions, Courses, Placements

There are about 109 top MBA colleges in India. Out of which, 64 colleges are privately owned, 44 colleges are owned by public/government organisations, and public-private organisations own 1 college. CAT, XAT, and CMAT are the main accepting exams in top MBA colleges in India. As per NIRF ranking 2023, the best MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.

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

• IIM Kozhikode improved its ranking as it shifted to rank 3 in 2023 as compared to rank 5 in 2022
• IIM Calcutta declined in its order as it shifted to rank 4 in 2023 as compared to rank 3 in 2022
• Banaras Hindu University has the lowest tuition fee, which is INR 10,228.
• IIM Ahmedabad offers the highest placement package, i.e. INR 31.50 LPA.
• The best MBA school in India is IIM Ahmedabad, followed by IIM Bangalore and IIM Kozhikode. In the most recent NIRF rankings for 2023, the institutes are rated 1, 2, and 3.

Top MBA Colleges in India: Highlights 2023

One of the most sought-after postgraduate courses is the Master of Business Administration or MBA. This two-year course opens the door to numerous corporate job opportunities. The MBA is chosen by students from various backgrounds, including the Humanities, Business, and Science. A regular MBA is a two-year course that is spread across four semesters. Additionally, there are a few private MBA schools that provide one-year PGDM courses.

Check out some key features of the best MBA colleges in India. This brief summary will assist in better college selection.

Parameters	Particulars/Statistics
No. of MBA Colleges	109
Top Distance MBA Colleges	XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc.
Annual Fees	INR < 1 lakh: 6 Colleges INR 1-2 lakh: 7 Colleges INR 2-3 lakh: 5 Colleges INR 3-5 lakh: 10 Colleges INR > 5 lakh: 72 Colleges
Top Specialisations	Sales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc.
Accepted Entrance Exams	CAT, XAT, CMAT, MAT, etc.
No. of Top MBA Colleges	20 IIMs 23 IITs

Predict your chances here: MBA 2023 Cutoff Predictor

How can I get admission to top MBA colleges in India?

The eligibility criteria for top B-Schools in India may differ from one college to another. However, the essential MBA eligibility criteria are as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as an essential eligibility criteria for MBA (full-time).
• Most institutes follow the minimum score criteria in graduation which are 50% aggregate or equivalent CGPA. For reserved category students, the minimum aggregate is 45%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.

What are the entrance exams for MBA colleges in India?

The two most popular entrance exams accepted in top MBA Colleges in India 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. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
• XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the more challenging MBA entrance exams among its peers, XAT requires dedicated time and effort. It comprises four sections: Decision Making, Verbal Ability and Logical Reasoning, Quantitative Ability & Data Interpretation, and General Knowledge.
• 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. MAT exam is conducted offline (Paper Based Test or PBT), online (Computer Based Test or CBT), and remotely proctored (Internet Based Test or IBT) modes.

Listed below are the following admission dates for MBA colleges in India along with their schedule and cut off 2023 predictor:

Exam Name	Dates	Schedule	Cut off 2023 Predictor
CAT Exam 2023	Nov ‘23	CAT Schedule	CAT 2023 Predictor
XAT Exam 2024	7 Jan ‘24	XAT Schedule	XAT 2023 Predictor
CMAT	2024 (Tentative)	CMAT Schedule	CMAT 2023 Predictor
MAT	To Be Announced	MAT Schedule	MAT 2023 Predictor
NMAT	To Be Announced	NMAT Schedule	NMAT 2023 Predictor

READ MORE:

• Top MBA Colleges Accepting CAT
• Top MBA Colleges Accepting TANCET MBA
• Top MBA Colleges Accepting XAT
• Top MBA Colleges Accepting MAT

Read More:

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

Which is the best College for MBA in India?

Every year, NIRF rankings are published in accordance with the annual data gathered by the framework. Five factors, including graduation rate, research and professional practises, teaching and learning resources, and the overall impression of the institution, are used to determine rankings and ratings.

Following is a list of the top 10 MBA colleges in India ranked by NIRF 2023:

College Name	NIRF 2021	NIRF 2022	NIRF 2023
Indian Institute of Management, (IIM) Ahmedabad	1	1	1
Indian Institute of Management, (IIM) Bangalore	2	2	2
Indian Institute of Management, (IIM) Kozhikode	4	5	3
Indian Institute of Management, (IIM) Calcutta	3	3	4
Indian Institute of Technology, (IIT) Delhi	5	4	5
Indian Institute of Management, (IIM) Lucknow	7	6	6
IIM Mumbai (formerly known as NITIE)	12	9	7
Indian Institute of Management, (IIM) Indore	6	7	8
XLRI-Xavier School of Management	12	12	9
Indian Institute of Technology Bombay	10	11	10

READ MORE: MBA Courses

What are the top Private MBA colleges in India?

Here is a list of the top private MBA colleges in India along with their total tuition fee/seat intake and entrance exam/eligibility criteria:

College Name	Total Tuition Fee/Seat Intake	Entrance Exam/Eligibility
XLRI MBA Admission	INR 27.40 lakh Seats: 1,080	Entrance Exams: XAT, GMAT Graduation with a minimum aggregate of 50%
MDI MBA Admission	INR 24.70 lakh Seats: 420	Entrance Exams: CAT, XAT, MAT, GMAT Graduation with 50% aggregate
SIBM Pune MBA Admission	INR 22.20 lakh Seats: 282	Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50%
SPJIMR MBA Admission	INR 20.42 lakh Seats: 720	Entrance Exam: CAT Graduation with 50% aggregate
NMIMS School of Business Management MBA Admission	INR 24 lakh	Entrance Exam: NMAT Graduation with 55% aggregate
Amity University Noida MBA Admission	INR 5 lakh	Entrance Exams: MAT, XAT, CAT, NMAT, etc. Class 12 with 70% and graduation with 60% aggregate
LPU MBA Admission	INR 7.60 lakh	Entrance Exams: LPU NEST, MAT, XAT, CAT, etc. Class 12 with 60% and graduation with 55% aggregate

What are the top Govt. MBA colleges in India?

Here is a list of top public/government MBA colleges in India along with their total course fee/seat intake and entrance exams/eligibility criteria:

College Name	Total Tuition Fee/Seat Intake	Entrance Exam/Eligibility
IIM Ahmedabad MBA Admission	INR 18.19 lakh Seats: 50	Entrance Exam: CAT, GATE Graduation with 50% aggregate
IIM Bangalore MBA Admission	INR 24.50 lakh Seats: 635	Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students)
IIT Delhi MBA Admission	INR 10.40 lakh Seats: 91	Entrance Exam: CAT Graduation with 60% aggregate
IIM Kozhikode MBA Admission	INR 20.50 lakh	Entrance Exam: CAT, EMAT Graduation with 50% aggregate
IIM Lucknow MBA Admission	INR 12.60 lakh	Entrance Exam: CAT Graduation with 50% aggregate
IIM Raipur MBA Admission	INR 14.19 lakh	Entrance Exam: CAT Graduation with 50% aggregate
IIM Rohtak MBA Admission	INR 8.95 lakh	Entrance Exams: CAT, IPM Aptitude Test Class 12 with 60% aggregate

READ MORE: MBA Admission 2024

What are the top Distance MBA Colleges in India 2023?

The table below shows the best distance MBA colleges in India along with their total tuition fee and seat intake:

Distance MBA Colleges	Total Tuition Fee	Seat Intake
XLRI Xavier School of Management	INR 14 lakh	NA
SRM Institute of Science and Technology	INR 60,000	1,200
National Institute of Agricultural Extension Management	INR 15,000	NA
Neville Wadia Institute of Management Studies and Research	INR 3.8 lakh	120
Indian Institute of Finance	INR 1.6 lakh	NA
IGNOU	INR 62,000	NA

READ MORE:

• IIM Admission Criteria and Selection Process 2023

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Try free Shiksha Mock Tests:

CAT Mock Test 1	CAT Mock Test 2
MAT Mock Test	CMAT Mock Test

Which state is best for top MBA colleges in India?

Listed below are the state-wise distribution of top MBA colleges in India:

What are the top MBA Colleges in Delhi/NCR?

Refer to the table below for a detailed overview of the top MBA colleges in Delhi/NCR along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
IIM Rohtak	12	Fee: INR 8.95 lakh Exams: CAT, IPM Aptitude Test
MDI Gurgaon	13	Fee: INR 24.70 Exam: CAT
JMI	25	Fee: INR 47,000 Exam: JMI Entrance Exam
IIFT Delhi	27	Fee: INR 21.77 lakh Exam: IIFT
Amity University Noida	28	Fee: INR 5 lakh Exams: MAT, XAT, CAT, NMAT, etc.

What are the top MBA Colleges in Mumbai (All)?

Refer to the table below for a detailed overview of the top MBA colleges in Mumbai (All) along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
IIM Mumbai	7	Fee: INR 6.40 lakh Exam: CAT
SP Jain Institute of Management and Research	20	Fee: INR 20.42 lakh Exam: CAT
NMIMS School of Business Management	21	Fee: INR 23.90 lakh Exam: NMAT
K J Somaiya Institute of Management	45	Fee: INR 16.62 lakh Exam: XAT, CAT, NMAT, CMAT
Welingkar Mumbai	73	Fee: INR 13 lakh Exam: CAT, XAT, CMAT, ATMA

What are the top MBA Colleges in Kolkata?

Refer to the table below for a detailed overview of the top MBA colleges in Kolkata along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
IIM Calcutta	4	Exam: CAT
International Management Institute	70	Fee: INR 9.80 lakh Exam: XAT, CAT, CMAT

What are the top MBA Colleges in Bangalore?

Refer to the table below for a detailed overview of the top MBA colleges in Bangalore along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
IIM Bangalore	2	Fee: INR 24.50 lakh Exam: CAT
Christ University	60	Fee: INR 8.60 lakh Exams: CAT, XAT, CMAT, Karnataka PGCET, etc.
Jain Deemed to be University	85	Exams: Karnataka PGCET, MAT, CAT, JET, XAT, etc.
Alliance School of Business	87	Fee: INR 15 lakh Exams: MAT, GMAT, CAT, KMAT, Karnataka PGCET, NMAT, etc.
Welingkar Bangalore	101-125	Fee: INR 13 lakh Exams: CAT, XAT, CMAT, ATMA

What are the top MBA Colleges in Chennai?

Refer to the table below for a detailed overview of the top MBA colleges in Chennai along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
Great Lakes Institute of Management	31	Fee: INR 11.20 lakh Exams: CAT, CMAT, XAT
Saveetha Institute of Medical and Technical Sciences	71	Fee: INR 7 lakh Exams: CAT, MAT, XAT, CMAT, etc.
B.S. Abdur Rahman Crescent Institute of Science and Technology	101-125	Fee: INR 5.20 lakh Exams: MAT, XAT, CAT, TANCET, etc.
Hindustan Institute of Technology and Science	101-125	Fee: INR 3.02 lakh Exams: HITSCAT, MAT, XAT, CAT, etc.

What are the top MBA Colleges in Pune?

Refer to the table below for a detailed overview of the top MBA colleges in Pune along with their NIRF ranking and total tuition fee/entrance exams:

College Name	NIRF Ranking (2023)	Total Tuition Fee/ Exam
SIBM Pune	17	Fee: INR 22.20 lakh Exam: SNAP
National Institute of Bank Management	76	Fee: 13.72 lakh
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth	101-125	Fee: INR 4.50 lakh Exam: BMAT
National Insurance Academy	101-125	Fee: INR 9.43 lakh Exam: CAT, CMAT
Pune Institute of Business Management	101-125	INR 7.95 lakh Exams: MAT, XAT, CAT, CMAT, MAH CET

Read More:

Top MBA Colleges in Mumbai	Top MBA Colleges in Delhi/NCR
Top MBA Colleges in Haryana	Top MBA Colleges in Pune
Top MBA Colleges in Tamil Nadu	Top MBA Colleges in Uttar Pradesh
Top MBA Colleges in Maharashtra	Top MBA Colleges in Karnataka

Which MBA College offers highest salary in India?

Return on investment, or ROI, is the sum that students receive as a placement offer in return for investing a sizable sum of money to attend a college and complete a degree of study.

The best MBA colleges in India with the total tuition fee and annual average package are tabulated below:

College Name	Total Tuition Fee	Annual Average Package
IIM Ahmedabad	INR 18.19 lakh	INR 31.50 LPA
IIM Bangalore	INR 24.50 lakh	INR 25 LPA
IIT Delhi	INR 10.40 lakh	INR 20.60 LPA
IIM Kozhikode	INR 20.50 lakh	INR 26.50 LPA
IIM Lucknow	INR 12.60 lakh	INR 29 LPA
XLRI	INR 27.40 lakh	INR 30 LPA

Note: Above statistics are based on the latest available data.

READ MORE: Career After MBA

Which top MBA colleges in India have the best placements?

Below is the list of top MBA colleges in India and a few top companies that recruit MBA graduates along with their placement ratings:

College Name	Annual Average Package	Top Recruiters
IIM Ahmedabad MBA Placements	INR 31.50 LPA	Boston Consultancy, TCS, Axis Bank, Larson and Tourbro, Amazon, Sunsilk, etc.
IIM Bangalore MBA Placements	INR 25 LPA	Accenture, Amazon, Paytm, Microsoft, Vedanta, Mckinsey, Nielsen Bangalore, etc.
IIT Delhi MBA Placements	INR 20.60 LPA	RB, Wipro, Synergy Consulting, ICICI Bank, Amway, SHELL, etc.
IIM Kozhikode MBA Placements	INR 26.50 LPA	Microsoft, Accenture, Amazon, Deloitte, Capgemini, TCS, HCL, Cognizant, Abbott, HDFC Bank, Yes Bank, etc.

Which MBA College has lowest fees in India?

Pursuing MBA courses in colleges in India is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh such as IIM Calcutta, IIM Lucknow, IIM Indore, IIM Raipur, etc. Tabulated below are the names of Top MBA Colleges in India along with their total tuition fee structure:

Fee Range	Names of Colleges
< INR 1 lakh	JMI, BHU, Panjab University, etc.
INR 1-2 lakh	NIT Trichy, UPES, IFHE Hyderabad, etc.
INR 2-3 lakh	Guru Gobind Singh Indraprastha University, MNIT Jaipur, Chitkara Colleges of Sales & Marketing, etc.
INR 3-5 lakh	IIT Kharagpur, IIT Roorkee, IIM Ranchi, etc.
INR > 5 lakh	IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, etc.

Which MBA specialization is high in demand?

In India, the MBA degree is offered in various specialisations. See the table below for a detailed overview of the top specialisations offered by the top MBA colleges in India:

Specialisations	Number of Colleges
Finance	60
Sales & Marketing	58
Human Resources	56
Operations	45
IT & Systems	29

Also Read:

XAT 2024 Exam	Low Score in CUET PG 2023?
XAT Eligibility Criteria 2024	Two Months to CAT 2023

How much percentile is required for top MBA colleges in India?

CAT cut-off for IIM admission is fixed by each institute category wise. While the qualifying cut offs range between 80 and 90 percentile (General category), the final cut offs are much higher. Given below is the table indicating qualifying CAT cut-off percentiles of 10 IIMs:

College Name	CAT cut-offs
IIM Ahmedabad Cutoff	90 percentile
IIM Bangalore Cutoff	90 percentile
IIM Calcutta Cutoff	90 percentile
IIM Lucknow Cutoff	90 percentile
IIM Kozhikode Cutoff	90 percentile
IIM Indore Cutoff	90 percentile
IIM Rohtak Cutoff	90 percentile
IIM Visakhapatnam Cutoff	90 percentile
IIM Trichy Cutoff	92 percentile
IIM Udaipur Cutoff	92 percentile

Top MBA Colleges in India: Comparison

To check the comparison between the top MBA colleges in India, click the link below:

IIM Ahmedabad Comparison	DMS IIT Delhi Comparison
IIM Bangalore Comparison	IIM Kozhikode Comparison
IIM Calcutta Comparison	IIM Lucknow Comparison