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:
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General Management
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Marketing
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Operations Management
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Healthcare Analytics
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Event Management and PR
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Marketing
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Finance Management
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Marketing
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Finance and Marketing
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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:
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Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).
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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.
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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:
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College Name |
NIRF’20 Ranking |
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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10 |
Following is the list of top 10 MBA colleges in India ranked by Outlook:
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College Name |
Outlook’20 Ranking |
|---|---|
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IIM Bangalore |
1 |
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IIM Ahmedabad |
2 |
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IIM Calcutta |
3 |
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IIM Indore |
4 |
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IIM Lucknow |
5 |
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XLRI Xavier School of Management, Jamshedpur |
6 |
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MDI Gurgaon |
7 |
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IIM Kozhikode |
8 |
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S.P. Jain Institute of Management and Research (SPJIMR), Mumbai |
9 |
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10 |
Following is the list of top 10 MBA colleges in India ranked by Times:
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College Name |
Times’20 Ranking |
|---|---|
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IIM Shillong |
1 |
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2 |
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3 |
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IMT Ghaziabad |
4 |
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KJ Somaiya Institute of Management, Mumbai |
5 |
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MDI Gurgaon |
6 |
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Amity Business School, Noida |
7 |
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IIM Kashipur |
8 |
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IIT Kharagpur |
9 |
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Symbiosis Institute of Business Management (SIBM), Pune |
10 |
Here is the list of some of the top private and public MBA Colleges in India:
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Private Colleges |
Course Fee (in Rs) |
|---|---|
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XLRI Xavier School of Management, Jamshedpur |
23,60,000 |
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MDI Gurgaon |
18,48,000 |
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SPJIMR, Mumbai |
17,50,000 |
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Public Colleges |
Course Fee (in Rs) |
|---|---|
|
IIM Ahmedabad |
23,00,000 |
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IIM Bangalore |
18,70,000 |
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IIM Calcutta |
10,00,000 |
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IIM Lucknow |
5,96,000 |
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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:
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Chartered Financial Analyst (CFA)
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Financial Risk Manager (FRM) Exam
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Certified Information Systems Auditor (CISA)
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Certification in Risk Management Assurance (CRMA)
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Certified in Production and Inventory Management (CPIM)
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Project Management Professional (PMP)
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Second MBA from an international business school
MBA Placement Trends
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Finance Manager
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Marketing Manager
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Sales Manager
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Human Resources Manager
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Operations Manager
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Product Manager
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Data Analytics Manager
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Digital Marketing Manager
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Advertising Sales Manager
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NGO Manager
Graduates from below top 9 MBA colleges in India get a median salary of Rs 10-20 LPA:
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IIM Udaipur
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IIM Trichy
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IIM Raipur
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DMS IIT Delhi
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IIM Kozhikode
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IIM Indore
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IIT Kharagpur
Graduates from below 5 top MBA colleges in India fetch a median salary of Rs 20-30 LPA:
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IIM Lucknow
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IIM Bangalore
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IIM Ahmedabad
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IIM Calcutta
Graduates from below top 2 MBA colleges in India bag a median salary of more than Rs 10 LPA:
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:
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Colleges |
Placement Ratings (Based on Reviews) |
Top Recruiters |
|---|---|---|
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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 |
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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 |
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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 |
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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 |
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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?
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IIT Kanpur
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DMS IIT Delhi
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IIM Lucknow
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IIT Roorkee
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DoMS IIT Madras
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SJMSOM IIT Bombay
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IIM Kozhikode
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IIT Kharagpur
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IIM Calcutta
Around 31% MBA colleges have fee structure that ranges from Rs 10-20 lakh. Some of these colleges are:
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IIM Udaipur
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IIM Raipur
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IIM Ranchi
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IIM Indore
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IIM Bangalore
Around 6% MBA colleges have fee structure of more than Rs 20 lakh. Some of these colleges are:
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IIM Ahmedabad
Refer to the infographic below to get a detailed overview of the break-up of MBA colleges in India based on fee:
Amity University, Noida
Panjab University (PUCHD)
FORE School of Management
Institute of Management, Nirma University
AMU - Aligarh Muslim University
PSG College of Technology - PSGCT
Birla Institute of Management Technology
GIM - Goa Institute of Management
LPU - Lovely Professional University
LIBA - Loyola Institute of Business Administration
Chandigarh University
IMI Kolkata - International Management Institute
IFMR Graduate school of Business, KREA University (IFMR GSB), Sricity
LM Thapar School of Management
VIT Business School - Vellore Institute of Technology, Vellore
KJ Somaiya Institute of Management
GGSIPU - Guru Gobind Singh Indraprastha University
Birla Institute of Technology, Mesra
IMT Nagpur - Institute of Management Technology
IMT Hyderabad - Institute of Management Technology
IIFM - Indian Institute of Forest Management
IMI Bhubaneswar - International Management Institute
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth
IIHMR University
JIMS Rohini, Sector-5 - Jagan Institute of Management Studies
WeSchool Mumbai - Welingkar Institute of Management
Jaipuria Noida - Jaipuria Institute of Management
Koneru Lakshmaiah Education Foundation, Hyderabad
VTU - Visvesvaraya Technological University
Institute of Rural Management, Anand
Jaipuria Lucknow - Jaipuria Institute of Management
School of Petroleum Management, Pandit Deendayal Energy University
Chitkara Business School, Chandigarh
The Business School, University of Jammu
LBSIM - Lal Bahadur Shastri Institute of Management
J. C. Bose University of Science and Technology, YMCA
SKCET - Sri Krishna College of Engineering and Technology
Institute of Business Management and Research (IBMR IPS)
IIM Sambalpur - Indian Institute of Management
New Delhi Institute of Management
FAQs
Q1. What are the different specialisations offered by MBA Colleges in India?
A. Top specialisations offered at top MBA Colleges in India are:
-
General Management
-
Marketing
-
Operations Management
-
Healthcare Analytics
-
Event Management and PR
-
Marketing
-
Finance Management
-
Marketing
-
Finance and Marketing
-
Industrial Engineering
Q2. Which are the best MBA colleges in India based on placements?
A. Top five MBA Colleges in India based on placements trends are:
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IIM Bangalore
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IIM Calcutta
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IIM Ahmedabad
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IIM Lucknow
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IIT Kharagpur
Q3. What are the job profiles offered after completing MBA in India?
A. Some of the job profiles offered after completing MBA are:
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Finance Manager
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Marketing Manager
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Sales Manager
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Human Resources Manager
-
Operations Manager
-
Product Manager
-
Data Analytics Manager
-
Digital Marketing Manager
-
Advertising Sales Manager
-
NGO Manager
Q4. What is the estimated fee for studying MBA in India?
A. It is estimated that pursuing MBA in India from top-rated colleges is moderately-priced. Nearly 63% of the colleges in India have annual fee less than Rs 10 lakh. Some of these colleges are:
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IIT Kanpur
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DMS IIT Delhi
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IIM Lucknow
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IIT Roorkee
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NITIE Mumbai
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DoMS IIT Madras
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SJMSOM IIT Bombay
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IIM Kozhikode
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IIT Kharagpur
Q5. Is there any entrance exam for MBA in India?
A. There are various entrance exams accepted by top MBA colleges in India such as CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc.



