Top Ranked MBA Colleges in India 2023

There are a number of MBA colleges in India, according to the MHRD-NIRF rankings for the year 2022, the top MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, IIM Lucknow, and IIM Indore.

Top MBA Colleges in India: Highlights

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

Parameters	Statistics
No. of MBA Colleges	5447
Annual Fees	INR < 1 lakh: 4% INR > 5 lakh: 75%
Specialisations	Sales and Marketing Finance Human Resources Operations IT and Systems
Admission Process	Entrance-Based CAT XAT CMAT MAT
No. of Top MBA Colleges	20 IIM 7 IIT

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 a variety of 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.

Best MBA Colleges in India: Eligibility Criteria

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 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.

Top MBA Colleges in India with NIRF Ranking 2022

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 2022:

College Name	NIRF 2020	NIRF 2021	NIRF 2022
Indian Institute of Management, (IIM) Ahmedabad	1	1	1
Indian Institute of Management, (IIM) Bangalore	2	2	2
Indian Institute of Management, (IIM) Calcutta	3	3	3
Indian Institute of Technology, (IIT) Delhi	8	5	4
Indian Institute of Management, (IIM) Kozhikode	6	4	5
Indian Institute of Management, (IIM) Lucknow	4	7	6
Indian Institute of Management, (IIM) Indore	7	6	7
Xavier School of Management (XLRI)	9	8	8
National Institute of Industrial Engineering, (NITIE) Mumbai	12	12	9
Indian Institute of Technology, (IIT) Madras	14	13	10

List of Top Private and Government MBA Colleges in India

There are 62 percent of the top private MBA colleges in India and 38 percent among them are public/government colleges. Here we bring a separate list of top private and public MBA colleges in India.

List of Top 10 Private MBA Colleges in India

Here is a list of top private MBA colleges in India along with their total course fee:

College Name	Total Course Fee
XLRI	INR 27.40 lakh
Management Development Institute (MDI)	INR 24.20 lakh
Symbiosis Institute of Business Management, (SIBM) Pune	INR 22.20 lakh
S.P. Jain Institute of Management and Research (SPJIMR)	INR 20.42 lakh
NMIMS School of Business Management, Mumbai	INR 23.90 lakh
Amrita School of Business, Coimbatore	INR 10.50 lakh
Amity University, Noida	INR 4.86 lakh
International Management Institute, New Delhi	INR 18.17 lakh
Great Lakes Institute of Management, Chennai	INR 17.25 lakh
IFHE Hyderabad	INR 1.80 lakh

List of Top Government MBA Colleges in India

Here is a list of top public/government MBA colleges in India along with their total course fee:

College Name	Total Course Fee
Indian Institute of Management, (IIM) Ahmedabad	INR 24.61 lakh
Indian Institute of Management, (IIM) Bangalore	INR 24.50 lakh
Indian Institute of Technology, (IIT) Delhi	INR 10.40 lakh
Indian Institute of Management, (IIM) Kozhikode	INR 20.50 lakh
Indian Institute of Management, (IIM) Lucknow	INR 12.60 lakh
Indian Institute of Management, (IIM) Indore	INR 22.60 lakh
National Institute of Industrial Engineering, (NITIE) Mumbai	INR 11.33 lakh
Indian Institute of Technology, (IIT) Madras	INR 9.14 lakh
Indian Institute of Technology (IIT) Bombay	INR 8.27 lakh

See the infographic below for a detailed overview of the ownership type of top MBA colleges in India:

Location-wise Top MBA Colleges in India

Among the top MBA colleges in India, Delhi has the maximum number of MBA colleges. Refer to the infographic below for a detailed overview of the location-wise distribution of top MBA colleges in India:

ROI of Top MBA Colleges in India

Return on investment, or ROI, is the sum of money 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 Course Fee	Average Annual Package
Indian Institute of Management, (IIM) Ahmedabad	INR 24.61 lakh	INR 31.50 LPA
Indian Institute of Management, (IIM) Bangalore	INR 24.50 lakh	INR 25 LPA
Indian Institute of Technology, (IIT) Delhi	INR 10.40 lakh	INR 20.60 LPA
Indian Institute of Management, (IIM) Kozhikode	INR 20.50 lakh	INR 26.50 LPA
Indian Institute of Management, (IIM) Lucknow	INR 12.60 lakh	INR 23.50 LPA
XLRI	INR 27.40 lakh	INR 30 LPA
National Institute of Industrial Engineering, (NITIE) Mumbai	INR 11.33 lakh	INR 19.50 LPA
Indian Institute of Technology, (IIT) Madras	INR 9.14 lakh	INR 13 LPA

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

Read More:

Top MBA Colleges in Mumbai	Top MBA Colleges in Delhi/NCR
Top MBA Colleges in Bangalore	Top MBA Colleges in Pune

Top Recruiters for MBA Graduates

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	Placement Ratings	Top Recruiters
IIM Ahmedabad	4.5	BCG India, Arthur D Little, Bain, Amazon, PwC, Microsoft, McKinsey, Google, EY-Parthenon, OLA Electric, Monitor Deloitte, Magicpin, Eques Capital, Adani Digital, UBS, Accenture, Lenskart, Goldman Sachs
IIM Bangalore	4.9	Accenture Strategy, Amazon, The Boston Consulting Group, Bain & Company, McKinsey & Company
IIM Calcutta	4.8	Accenture Strategy, Goldman Sachs, Nestle, Microsoft, Bain & Company, Avendus, Procter & Gamble, Paytm, Boston Consulting Group, Hindustan Unilever Limited, Tata Administrative Services, ITC, EY Parthenon, McKinsey & Company, Amazon, Flipkart
IIT Delhi	4.3	Texas Instruments, Wipro, ICICI, Accenture, Optum, Capgemini, Medtronic, Microsoft, EXL Services, Gartner
IIM Kozhikode	4.3	Amazon, EY, Capgemini, Myntra, Abbott, Infosys, Microsoft, Ola, HDFC Bank, Uber, Yes Bank, Samsung, Cognizant, Accenture, Xiaomi

How affordable is Studying MBA in India?

Refer to the infographic below to get a detailed overview of the break-up of MBA Colleges in India based on total course fees:

Based on the above pie chart, it can be estimated that pursuing MBA courses in India is expensive as 75 percent of the MBA colleges have a total course fee of more than INR 5 lakh. Some of these colleges are:

• IIM Ahmedabad
• IIM Bangalore
• IIM Calcutta
• IIT Delhi

About 11 percent of the MBA colleges in India have a total course fee between INR 3-5 lakh. The colleges are:

• IIT Kharagpur
• IIT Roorkee
• Chandigarh University
• Galgotias University

The total course fees of around 5% of top MBA colleges range from INR 2-3 lakh. Some of these colleges are:

• IIT Kanpur
• Guru Gobind Singh Indraprastha University
• IITM Gwalior
• Saveetha Institute of Medical and Technical Sciences, Poonamallee
• Chitkara University

About 5 percent of the MBA colleges in India have a total course fee between INR 1-2 lakh. The colleges are:

• NIT Trichy
• BHU
• NIT Calicut
• Babasaheb Bhimrao Ambedkar University

The total course fees of around 4% of top MBA colleges are less than INR 1 lakh. Some of these colleges are:

• Jamia Millia Islamia
• IIT Dhanbad
• Visvesvaraya Technological University
• Sri Krishna College of Engineering and Technology

Specialisations offered by Top MBA Colleges in India

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

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

The top MBA colleges in India accept scores obtained by students in numerous national-level examinations. See the infographic below for a detailed overview of the top exams to get admitted to the top MBA colleges in India:

Top MBA Colleges in India: Cutoff

Here is the list of the cut-off score of the top MBA colleges in India:

Cutoff
IIM Ahmedabad Cutoff	IIM Lucknow Cutoff
IIM Bangalore Cutoff	IIM Indore Cutoff
IIM Calcutta Cutoff	XLRI Cutoff
IIT Delhi Cutoff	NITIE Mumbai Cutoff
IIM Kozhikode Cutoff	IIT Madras