Top Private MBA Colleges in India 2022

There are over 2900 private MBA colleges in India. Some of them are well reputed and ranked on par with the IIMs. The top private MBA colleges in India offer best infrastructure and pedagogy, latest MBA curriculum, popular and niche specialisations, practical training, foreign exchange programs and campus placements. Although, the course fee of these MBA colleges are on the higher side, but the return on investment (ROI) is good.

The top private MBA colleges in India include, top private MBA colleges in India are  include XLRI Xavier School of Management (Jamshedpur), Management Development Institute (MDI Gurgaon), National Institute of Industrial Engineering (NITIE Mumbai), S.P. Jain Institute of Management and Research - SPJIMR (Mumbai), Symbiosis Institute of Business Management (SIBM Pune), Great Lakes Institute of Management (Chennai), NMIMS School of Business Management (Mumbai), ICFAI Business School - IBS (Hyderabad), T.A. Pai Management Institute – TAPMI (Manipal), International Management Institute (IMI Delhi), etc. Read below all about MBA rankings and best private MBA colleges in India.

Top Private MBA Colleges in India: Highlights

The two-year MBA programme is a gateway managerial job role in various sectors and entrepreneurial opportunities. In the full-time MBA programme one learns all the skills and techniques of running and managing a business including investment, finance, operations, sales, marketing, supply chain and administration.

Students from any background, including Science, Commerce and Humanities can pursue MBA. The full-time MBA is the most popular among all, and includes theory classes, practical projects and internship.

Top Private MBA Colleges in India Eligibility Criteria

The eligibility criteria for MBA course is graduation, however the minimum score requirement may vary for niche specialisations.

• Candidates must have passed graduation in any discipline or equivalent from a recognised university
• Most of the institutes follow the minimum score criteria in graduation as per the AICTE i.e. 50 per cent aggregate or equivalent and five per cent relaxation to students belonging to reserved categories
• Professional degree holders such as MBBS/CA/CS/ICWAI, etc. are also eligible to pursue MBA

Top Private MBA Colleges in India with NIRF Ranking and Shiksha Rating (Aggregate)

The Ministry of Education, Government of India, releases annual ranking of top MBA colleges in India under the National Institutional Ranking Framework or NIRF. The all India ranking is given to 100 best MBA colleges in India on the basis of several parameters such as teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity and perception.

Given below is the list of top 10 private MBA colleges in India as per the NIRF ranking 2020. Along with NIRF ranking, we have shared Shiksha aggregate rating given by the students based on five different parameters such as placements, infrastructure, faculty & course, curriculum, crowd & campus life and value for money.

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ROI of Top Private MBA Colleges in India

A major factor that contributes to an institute’s high rank is the Return on Investment or ROI. But what is ROI? ROI can be referred to as the balance or gap between the course fee and salary offer in the job secured on the basis of the course.

The ROI of top private MBA colleges in India is satisfactory which why they find a place in all India rankings by agencies and business magazines. The best private MBA colleges in India with the average annual fee and average placement rating by Shiksha readers are tabulated below:

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

Refer to the infographics below to get an overview course fee vs. average CTC offer in campus placements of top private MBA colleges in India.

Top Private MBA Colleges in India

Top Recruiters for MBA Graduates

MBA graduates from any domain 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 graduates along with their placement ratings:

Job Roles Offered After Completing MBA

With the growing demand for Private MBA, students can bag excellent opportunities in both the public and private sectors. Private MBA graduates can start their own business or work as an entrepreneur to implement their learning in the real world or start a school/ institution. Those seeking job opportunities can be recruited under the profiles listed below:

• Operations Manager
• Product Manager
• Finance Manager
• Sales Manager
• Marketing Manager
• Human Resources Manager
• Data Analytics Manager
• Digital Marketing Manager
• Advertising Sales Manager

What are the Study Options After MBA?

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

• Certified Information Systems Auditor (CISA)
• Certification in Risk Management Assurance (CRMA)
• Certified in Production and Inventory Management (CPIM)
• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM) Exam
• Project Management Professional (PMP)
• Second MBA from an international business school

How Affordable is Studying in a Private MBA College in India?

Based on the below pie chart, it can be estimated that pursuing MBA in a top private college is expensive as around 86 per cent top private MBA colleges in India have fees of above Rs 5 lakh. About nine per cent top private MBA colleges in India have course fee in the range of Rs 3 to 5 lakh. About two per cent top private MBA colleges in India have course fee in the range of Rs 2 to 3 lakh and about three percent top private MBA colleges in India have course fee under Rs 1 lakh.

Refer to the infographics below for an overview of course fee of top private MBA colleges in India.

Some of the best private MBA colleges in India (apart from the ones mentioned above) with course fee above Rs 5 lakh are listed below:

• XIM Bhubaneswar
• KIIT School of Management
• IMT Ghaziabad
• BML Munjal University, School of Management
• Alliance School of Business
• FORE School of Management
• Institute of Management, Nirma University
• Birla Institute of Management Technology
• GIM Goa Institute of Management
• LPU Lovely Professional University

Some of the best private MBA colleges in India with course fee above Rs 2-3 lakh are listed below:

• Amity University Noida
• Chandigarh University
• Institute of Management & Entrepreneurship Development
• SRM Institute of Science & Technology
• Shoolini University

MBA Specialisations offered by Top MBA Colleges in India

In India, the MBA degree is offered in various specialisations. Some of the most prominent ones offered by top MBA colleges in India are listed below:

• Finance
• Sales & Marketing
• Human Resources
• Operations
• IT & Systems
• Business Analytics
• International Business
• Entrepreneurship

Refer to the infographics below to get an overview of specialisations offered by top MBA colleges in India:

Which are the Most Popular MBA Exams?

The top private MBA colleges in India select candidates for admission strictly on the basis of entrance exam scores. Candidates who wish to pursue MBA/PGDM course from a private institute, must appear for one of the national level MBA entrance exams. Some of the top national level MBA entrance exams are - CAT, XAT, GMAT, CMAT, MAT, NMAT and ATMA.

Refer to the infographics below to get an overview of exams scores accepted by top MBA colleges in India:

Top Private MBA Colleges in India: Cutoff

Check the below table for average admission cut off percentiles of top private MBA colleges in India, ranked by NIRF.