Top Ranked MBA Colleges in India 2023
There are 5447 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. Among the top MBA colleges in India, about 71 colleges are private and 46 colleges are owned by the public/government.
Top MBA Colleges in India: Highlights
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.
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: 6 INR 1-2 lakh: 6 INR 2-3 lakh: 5 INR 3-5 lakh: 9 INR > 5 lakh: 84 |
|
Specialisations |
Sales and Marketing, Finance, Human Resources, Operations, IT and Systems |
|
Admission Process |
Entrance-Based |
|
No. of Top MBA Colleges |
20 IIM 7 IIT |
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 are 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 |
|---|---|---|---|
|
1 |
1 |
1 |
|
|
2 |
2 |
2 |
|
|
3 |
3 |
3 |
|
|
8 |
5 |
4 |
|
|
6 |
4 |
5 |
|
|
4 |
7 |
6 |
|
|
7 |
6 |
7 |
|
|
9 |
8 |
8 |
|
|
National Institute of Industrial Engineering, (NITIE) Mumbai |
12 |
12 |
9 |
|
14 |
13 |
10 |
List of Top Private and Government MBA Colleges in India
About 71 colleges are private and 46 colleges are owned by the public/government. Here is a separate list of top private and public MBA colleges in India.
List of Top Private MBA Colleges in India
Here is a list of top private MBA colleges in India along with their total tuition fee:
|
College Name |
Total Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
|
INR 27.40 lakh Seats: 1500 |
Entrance Exam: XAT, GMAT, CAT Graduation with a minimum aggregate of 50% |
|
|
INR 24.20 lakh Seats: 300 |
Entrance Exam: CAT, XAT, MAT, GMAT Graduation with 50% aggregate |
|
|
INR 22.20 lakh Seats: 282 |
Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50% |
|
|
INR 20.42 lakh Seats: 720 |
Entrance Exam: CAT Graduation with 50% aggregate |
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 Tuition Fee/Seat Intake |
Entrance Exam/Eligibility |
|---|---|---|
|
INR 24.61 lakh Seats: 50 |
Entrance Exam: CAT, GATE Graduation with 50% aggregate |
|
|
INR 24.50 lakh Seats: 635 |
Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students) |
|
|
INR 10.40 lakh Seats: 91 |
Entrance Exam: CAT Graduation with 50% aggregate |
|
|
INR 20.50 lakh |
Entrance Exam: CAT, EMAT Graduation with 50% aggregate |
Top MBA Colleges in India: Admission Dates 2023
Take a look at the table below for the complete schedule of exams in Top MBA Colleges in India:
|
Exam Name |
Dates |
|---|---|
|
CAT 2023 Application |
Aug 2023 – Sept 2023 |
|
CAT 2023 Exam |
Nov 2023 |
|
XAT 2023 Application |
Aug 2023 – Dec 2023 |
|
XAT 2023 Exam |
7 Jan ‘23 |
Top MBA Colleges in India: Ownership
Refer to the table below for a detailed overview of the ownership type of Top MBA Colleges in India:
|
Ownership Type |
Number of Colleges |
|---|---|
|
Private |
71 |
|
Public/Government |
46 |
State-wise Top MBA Colleges in India
Among the top MBA colleges in India, Uttar Pradesh has the maximum number of MBA colleges. Refer to the table below for a detailed overview of the state-wise distribution of top MBA colleges in India:
|
States |
Number of Colleges |
|---|---|
|
Uttar Pradesh |
14 |
|
Maharashtra |
13 |
|
Tamil Nadu |
13 |
|
Karnataka |
10 |
|
Haryana |
7 |
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 Tuition Fee |
Annual Average Package |
|---|---|---|
|
INR 24.61 lakh |
INR 31.50 LPA |
|
|
INR 24.50 lakh |
INR 25 LPA |
|
|
INR 10.40 lakh |
INR 20.60 LPA |
|
|
INR 20.50 lakh |
INR 26.50 LPA |
|
|
INR 12.60 lakh |
INR 23.50 LPA |
|
|
INR 27.40 lakh |
INR 30 LPA |
|
|
National Institute of Industrial Engineering, (NITIE) Mumbai |
INR 11.33 lakh |
INR 19.50 LPA |
|
INR 9.14 lakh |
INR 13 LPA |
Note: Above statistics are based on the latest available data.
Read More:
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 |
|
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 |
|
IIT Delhi |
4.3 |
Texas Instruments, Wipro, ICICI, Accenture, Optum, Capgemini, Medtronic |
|
IIM Kozhikode |
4.3 |
Amazon, EY, Capgemini, Myntra, Abbott, Infosys, Microsoft, Ola |
How affordable is studying MBA 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. Tabulated below is the number of Top MBA Colleges in India along with their total tuition fee structure:
|
Fee Range |
Number of Colleges |
|---|---|
|
< INR 1 lakh |
6 |
|
INR 1-2 lakh |
6 |
|
INR 2-3 lakh |
5 |
|
INR 3-5 lakh |
9 |
|
INR > 5 lakh |
84 |
Specialisations offered by Top MBA Colleges in India
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:
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 table below for a detailed overview of the top exams to get admitted to the top MBA colleges in India:
Top MBA Colleges in India: Compare
To check the comparison between the top MBA colleges in India, click the link below:
|
Compare with Other Colleges |
|---|
IIM Ahmedabad - Indian Institute of Management
IIM Bangalore - Indian Institute of Management
IIM Lucknow - Indian Institute of Management
DoMS IIT Madras - Department of Management Studies
Shailesh J. Mehta School of Management, IIT Bombay
IIT Kharagpur - Indian Institute of Technology
IIM Ranchi - Indian Institute of Management
IIM Rohtak - Indian Institute of Management
Symbiosis Institute of Business Management, Symbiosis International, Pune
IIM Trichy - Indian Institute of Management
IIT Roorkee - Indian Institute of Technology
IIT Kanpur - Department of Industrial and Management Engineering
S.P. Jain Institute of Management and Research, Mumbai
NMIMS School of Business Management, Mumbai
International Management Institute, New Delhi
IIM Visakhapatnam - Indian Institute of Management
Xavier School of Human Resource Management, Xavier University Bhubaneswar
NIT Trichy - National Institute of Technology
FAQs
Q: Which are the top MBA colleges in India?
A: There are 20 IIMs and 7 IITs ranked by NIRF. NIRF rankings are published in accordance with the annual data gathered by the framework. The top 10 MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, IIM Lucknow, IIM Indore, Xavier School of Management (XLRI), National Institute of Industrial Engineering, (NITIE) Mumbai, and IIT Madras.
Q: Which are the top private MBA colleges in India?
A: The top Private MBA colleges in India along with total tuition fees are XLRI, Management Development Institute (MDI), Symbiosis Institute of Business Management, (SIBM) Pune, S.P. Jain Institute of Management and Research (SPJIMR), NMIMS School of Business Management, Mumbai, etc.
Q: Which are the top specialisations offered by the top MBA colleges in India?
A: In India, the MBA degree is offered in various specialisations. The top specialisations offered by the top MBA colleges in India are Sales & Marketing, Finance, Human Resources, Operations, IT and Systems, Business Analytics, and many more.
Q: Which state has most of the top MBA colleges in India?
A: In India, Uttar Pradesh has approximately 14 top MBA colleges, followed by Maharashtra and Tamil Nadu with 13 top MBA colleges, Karnataka has 10 top MBA colleges, Haryana with 7 top MBA colleges, Punjab has 6 top MBA colleges, and Gujarat and Rajasthan with 5 top MBA colleges each.
Q: Which top MBA colleges in India have the lowest fee structure?
A: Among the top MBA colleges in India, approximately 4 percent of the colleges have a tuition fee of less than INR 1 lakh. The top MBA colleges are Jamia Millia Islamia, IIT Dhanbad, Banaras Hindu University, Visvesvaraya Technological University, and Sri Krishna College of Engineering and Technology.
Q: Which are the most popular entrance exams accepted by the top MBA Colleges in India?
A: The top MBA colleges in India accept scores obtained by students in numerous national-level examinations. About 95 best MBA colleges accept CAT scores, 55 best MBA colleges accept XAT scores, 46 best MBA colleges accept CMAT scores, 39 best MBA colleges accept MAT scores, and 18 best MBA colleges accept NMAT scores.
Q: Which top MBA colleges pay the highest package in India?
A: The top five MBA colleges in India which offer high annual average packages are IIM Calcutta with INR 27.67 LPA package, IIM Ahmedabad with INR 31.50 LPA package, IIM Bangalore with INR 25 LPA package, IIM Lucknow with INR 23.50 LPA package, and XLRI with INR 30 LPA package.
Q: What are the job profiles offered after completing MBA in India?
A: The job profiles offered to candidates after completing MBA in India are Finance Consultant, Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, Operations Manager, Product Manager, Data Analytics Manager, Digital Marketing Manager, and many more.