Top MBA Colleges in India 2021

Master of Business Administration or MBA is one of the most popular post-graduate programmes in India and abroad. The two-year MBA programme acts as a gateway to a plethora of job and entrepreneurial opportunities. This course provides understanding related to the administration of the business and managing the business operations. Students from any background, including Science, Commerce and Humanities can pursue MBA. Such students should also possess skills such as excellent communication, leadership, problem-solving, management, research-oriented, analytical thinking, eye for detail, goal-oriented & ability to work under pressure, strong mathematical skills, etc. The full-time MBA is the most popular among all, and includes theory classes, practical projects, and internship. Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA.

India is home to some of the top-rated MBA colleges such as Indian Institute of Management (IIM), Ahmedabad; Indian Institute of Management (IIM), Bangalore; Indian Institute of Management (IIM Calcutta), Kolkata; Indian Institute of Management (IIM), Lucknow; Indian Institute of Technology (IIT), Kharagpur; Indian Institute of Management (IIM), Kozhikode; Indian Institute of Management (IIM), Indore; Department of Management Studies (DMS) IIT Delhi, Delhi; XLRI Xavier School of Management, Jamshedpur; Management Development Institute (MDI), Gurgaon, etc. MBA in India can be a good choice for aspirants looking for an affordable fee structure with a high return on investment.

In India, an MBA degree is offered across various specialisations. Some of the most prominent ones are as follows:

• General Management

• Marketing

• Operations Management

• Healthcare Analytics

• Event Management and PR

• Marketing

• Finance Management

• Marketing

• Finance and Marketing

• Industrial Engineering

There are approximately 5,200 MBA colleges in India that offer the course in a full-time, part-time, distance-learning and online mode of study. These colleges provide degree, diploma and certificate courses. Out of these the top 20 MBA colleges in India ranked by NIRF offer degree courses in a full-time mode of study.

MBA Eligibility Criteria

The eligibility criteria for MBA course may differ from college to college. However, the basic eligibility criteria to pursue an MBA is as follows:

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).

• Most of the institutes follow the minimum score criteria in graduation which is 50 per cent on average or equivalent. Some of the colleges also offer a five per cent relaxation to students from the reserved categories.

• 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.

Apart from merit-based admission, many top-ranked MBA colleges in India also accept scores of national- and state-level entrance exams, including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc. for MBA admissions.

Although there are plenty of MBA colleges in India, there a few top ones that have been listed by NIRF. Following is a list of top 10 MBA colleges in India ranked by NIRF:

College Name	NIRF’20 Ranking
IIM Ahmedabad	1
IIM Bangalore	2
IIM Calcutta	3
IIM Lucknow	4
IIT Kharagpur	5
IIM Kozhikode	6
IIM Indore	7
Department of Management Studies (DMS) IIT Delhi, Delhi	8
XLRI Xavier School of Management, Jamshedpur	9
MDI, Gurgaon	10

 Following is the list of top 10 MBA colleges in India ranked by Outlook:

College Name	Outlook’20 Ranking
IIM Bangalore	1
IIM Ahmedabad	2
IIM Calcutta	3
IIM Indore	4
IIM Lucknow	5
XLRI Xavier School of Management, Jamshedpur	6
MDI Gurgaon	7
IIM Kozhikode	8
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai	9
IIM Trichy	10

 Following is the list of top 10 MBA colleges in India ranked by Times:

College Name	Times’20 Ranking
IIM Shillong	1
IIM Raipur	2
IIM Udaipur	3
IMT Ghaziabad	4
KJ Somaiya Institute of Management, Mumbai	5
MDI Gurgaon	6
Amity Business School, Noida	7
IIM Kashipur	8
IIT Kharagpur	9
Symbiosis Institute of Business Management (SIBM), Pune	10

 Here is the list of some of the top private and public MBA Colleges in India:

Private Colleges	Course Fee (in Rs)
XLRI Xavier School of Management, Jamshedpur	23,60,000
MDI Gurgaon	18,48,000
SPJIMR, Mumbai	17,50,000

 

Public Colleges	Course Fee (in Rs)
IIM Ahmedabad	23,00,000
IIM Bangalore	18,70,000
IIM Calcutta	10,00,000
IIM Lucknow	5,96,000
IIT Kharagpur	9,26,700

Refer to the infographics below to get a detailed overview of the top seven Cities / States of MBA Colleges in India:

What are the study options after MBA?

MBA graduates can choose from multiple courses to pursue higher education or certification. The popular courses are mentioned below:

• Chartered Financial Analyst (CFA)

• Financial Risk Manager (FRM) Exam

• Certified Information Systems Auditor (CISA)

• Certification in Risk Management Assurance (CRMA)

• Certified in Production and Inventory Management (CPIM)

• Project Management Professional (PMP)

• Second MBA from an international business school

MBA Placement Trends

• Finance Manager

• Marketing Manager

• Sales Manager

• Human Resources Manager

• Operations Manager

• Product Manager

• Data Analytics Manager

• Digital Marketing Manager

• Advertising Sales Manager

• NGO Manager

Graduates from below top 9 MBA colleges in India get a median salary of Rs 10-20 LPA:

• Department of Management Studies (DoMS IIT Madras)

• IIM Udaipur

• IIM Trichy

• IIM Raipur

• IIM Ranchi

• DMS IIT Delhi

• IIM Kozhikode

• IIM Indore

• IIT Kharagpur

Graduates from below 5 top MBA colleges in India fetch a median salary of Rs 20-30 LPA:

• Shailesh J. Mehta School of Management (SJMSOM IIT Bombay)

• IIM Lucknow

• IIM Bangalore

• IIM Ahmedabad

• IIM Calcutta

Graduates from below top 2 MBA colleges in India bag a median salary of more than Rs 10 LPA:

• Indian Institute of Technology (IIT Roorkee)

• IIT Kanpur

Refer to the infographic below to get a detailed overview of the median salary for MBA Colleges in India:

Top Recruiters for MBA Graduates

MBA graduates from all the domains are in high demand. All organisations, big or small, private or government, hire MBA degree holders in various capacities. Below is the list of few top companies in India that recruit MBA postgraduates along with their placement ratings:

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
IIM Bangalore	4.8	3M, A T Kearney, Abbot, Accenture, Acura, Adani Group, Aditya Birla Group, Amazon.com, American Express, Arthur D Little, Arvind Brands, Asian Paints, Askmebazaar.com, AVIVA, Axis Bank, Barclays Capital, Biocon, Capital One, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Google, HDFC Bank, Heinz, Hindustan Unilever, HSBC, Hyundai, IBM, ICICI, ITC, JP Morgan Chase, McKinsey, Morgan Stanley, Nerolac, Nomura, Philips India, Practo, Urban Clap
IIM Calcutta	4.7	Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank
IIM Ahmedabad	4.6	A T Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser
IIM Lucknow	4.6	Aditya Birla Group, American Express, Asian Paints, Axis Bank, Bank of America, Cadbury, CITI Bank, CITI Financial, Coca-Cola, Colgate Palmolive, Dabur, ebay, Genpact, Godrej, Hewitt, Hewlett Packard, HSBC, HT Media, IBM, ICICI, Inductis, Infosys, McKinsey, Microsoft, Nestle, NSE, SAP, Yahoo
IIT Kharagpur	4.5	Accenture, American Express, BCG, Bosch Ltd, Capital One, Deloitte, Deutsche Bank, EXL Services, Facebook, Ford Motors, Goldman Sachs, IBM, Kepler Canon, KPMG, LinkedIn, Microsoft, Morgan Stanley, PWC, Samsung, UBS, VISA, ZS Associates

How affordable is studying MBA in India?

• IIT Kanpur

• DMS IIT Delhi

• IIM Lucknow

• IIT Roorkee

• National Institute of Industrial Engineering (NITIE Mumbai)

• DoMS IIT Madras

• SJMSOM IIT Bombay

• IIM Kozhikode

• IIT Kharagpur

• IIM Calcutta

Around 31% MBA colleges have fee structure that ranges from Rs 10-20 lakh. Some of these colleges are:

• IIM Udaipur

• IIM Raipur

• IIM Ranchi

• IIM Indore

• IIM Bangalore

Around 6% MBA colleges have fee structure of more than Rs 20 lakh. Some of these colleges are:

• IIM Ahmedabad

Refer to the infographic below to get a detailed overview of the break-up of MBA colleges in India based on fee: