Top Private MBA Colleges in India 2021

Private Master of Business Administration (MBA) is one of the most popular post-graduate programmes in India and abroad. The two-year MBA programme acts as a gateway to numerous job and entrepreneurial opportunities. The course provides an understanding of the administration of the business and managing business operations. Students from any background, such as Science, Commerce and Humanities can pursue Private 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 Private 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 Private MBA.

India is home to some of the top-rated Private MBA colleges to pursue a Private MBA. These 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.

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

• Sales and Marketing
• Human Resources
• Finance
• Operations
• IT and Systems
• International Business
• Business Analytics
• Supply Chain
• Retail 

There are over 2,600 Private 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 Private MBA colleges in India ranked by NIRF, Outlook and Times offer degree courses in a full-time mode of study. 

Private MBA Admission Eligibility Criteria

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

• Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for Private 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 Private 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 private MBA colleges in India also accept scores of national- and state-level entrance exams, including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, MAH CET, etc.

Although there are plenty of Private MBA colleges in India, there a few top ones that have been listed by NIRF.

Following is a list of top 10 Private MBA colleges in India ranked by NIRF:

College Name	NIRF’20 Ranking
XLRI Xavier School of Management, Jamshedpur	9
MDI Gurgaon	10
NITIE Mumbai	12
SPJIMR, Mumbai	18
SIBM Pune	22
Great Lakes Institute of Management, Chennai	23
NMIMS School of Business Management, Mumbai	24
ICFAI Business School (IBS), Hyderabad	25
TAPMI, Manipal	27
IMI Delhi	28

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

College Name	Outlook’20 Ranking
XLRI Xavier School of Management, Jamshedpur	1
SPJIMR, Mumbai	2
MDI Gurgaon	3
NMIMS School of Business Management, Mumbai	4
Great Lakes Institute of Management, Chennai	5
SIBM Pune	6
TAPMI, Manipal	7
ICFAI Business School (IBS), Hyderabad	8
IMI Delhi	9
Birla Institute of Technology and Science (BITS Pilani)	10

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

College Name	Times’20 Ranking
Institute of Management Technology (IMT Ghaziabad)	1
KJ Somaiya Institute of Management, Mumbai	2
MDI Gurgaon	3
Rajagiri Centre for Business Studies (RCBS), Kochi	4
Symbiosis Centre for Management & Human Resource Development (SCMHRD Pune)	5
Institute of Management Studies (IMS), Ghaziabad	6
Institute of Rural Management Anand (IRMA), Anand	7
Lal Bahadur Shastri Institute of Management (LBSIM), Delhi	8
International School of Business and Media, Pune	9
Apeejay School of Management (ASM), Delhi	10

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

Private Colleges	Course Fee (in Rs lakh)
XLRI Xavier School of Management, Jamshedpur	23
MDI Gurgaon	18
SPJIMR, Mumbai	17
SIBM Pune	17
Great Lakes Institute of Management, Chennai	17

 

Public Colleges	Course Fee (in Rs lakh)
NITIE Mumbai	14

Refer to the infographics below to get a detailed overview of the top seven cities/states of Private MBA Colleges in India:

What are the study options after a Private MBA?

Private MBA graduates can choose from multiple courses to pursue higher education or certification. The popular courses are given 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

Private MBA Placement Trends

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:

• 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 10 Private MBA colleges in India get a median salary of Rs 6-12 LPA:

• ICFAI Business School (IBS), Hyderabad
• BIMTECH, Greater Noida
• School of Management, BML Munjal University, Gurgaon
• Institute of Management, Nirma University, Ahmedabad
• KIIT School of Management, Kalinga Institute of Industrial Technology, Bhubaneswar
• Goa Institute of Management (GIM), Goa
• Great Lakes Institute of Management, Chennai
• FORE School of Management, Delhi
• IMT Ghaziabad
• TAPMI, Manipal

Graduates from below 4 top Private MBA colleges in India fetch a median salary of Rs 12-18 LPA:

• IMI Delhi
• Xavier Institute of Management Bhubaneswar (XIMB)
• NMIMS School of Business Management, Mumbai
• SIBM Pune

Graduates from below top 4 Private MBA colleges in India bag a median salary of more than Rs 18 LPA:

• NITIE Mumbai
• MDI Gurgaon
• XLRI Xavier School of Management, Jamshedpur
• SPJIMR, Mumbai

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

Top Recruiters for Private MBA Graduates

Private 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 postgraduates along with their placement ratings:

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
XLRI Xavier School of Management, Jamshedpur	4.6	ABB, ABN Amro Bank, Accenture, Aditya Birla Group, AgroTech, Aircel, Airtel, Amazon.com, American Express, Apollo Tyres, Asian Paints, Bank of America, BASF India, Bharat Petroleum Corporation Limited, Biocon, Bloomberg, BOC, Britannia, Capgemini, Ernst & Young, EXL Services
NITIE Mumbai	4.6	Abbot, Amazon, Asian Paints, Axis Securities, Cipla, Deloitte, Exide, Godrej, Google, IBM, ICICI, ITC, Johnson Johnson, KPMG, Nestle, Oyo Rooms, P&G, Siemens, Yes Bank, Zomato
MDI Gurgaon	4.4	Aditya Birla Group, Airtel, American Express, Ashok Leyland, Asian Paints, Axis Bank, Axis Securities, Bajaj Auto, BMW, Capgemini, Cipla, CITI Bank, Coca-Cola, Deloitte, Google, HSBC, ITC, Lenskart, Maruti Suzuki, McKinsey, Tata Sky, Yes Bank
SIBM Pune	4.4	Aditya Birla Group, Amazon, Axis Bank, Bajaj Auto, Capgemini, Coca-Cola, Cognizant, Credit Suisse, CRISIL, Dabur, Ernst & Young, GAIL (Gas Authority of India Ltd), Google, HCL Technologies, Hindustan Unilever, IBM, Infosys, JP Morgan Chase, KPMG, Microsoft
Great Lakes Institute of Management, Chennai	4.3	Accenture, Aditya Birla Group, Airtel, Amazon, Bristlecone India, Capgemini, Cognizant, CRISIL, Dell, Deloitte, DHFL, eClerx, Ford Motors, HCL, HDFC Bank, Hexaware Technologies, Honeywell, HSBC, ICICI, ICRA, Info Edge (India) Ltd., Infosys, ITC., JP Morgan Chase, Kotak Mahindra Bank, L&T Infotech, Nestle, Novartis, Quest Global, Shopclues.Com, Generale, Standard Chartered, Sutherland, TCS, United Health Group, Wells Fargo, ZS Associates

How affordable is studying a Private MBA in India?

Based on the below pie chart, it can be estimated that pursuing a Private MBA in India from top-rated colleges is expensive. Around 60% of the colleges in India have a course/annual fee that ranges from Rs 12-20 lakh. Some of these colleges are:

• Alliance School of Business, Alliance University, Bangalore
• KIIT School of Management, Kalinga Institute of Industrial Technology, Bhubaneswar
• TAPMI, Manipal
• NITIE Mumbai
• FORE School of Management, Delhi
• GIM - Goa Institute of Management, Goa
• Great Lakes Institute of Management, Chennai
• SIBM Pune
• SPJIMR, Mumbai
• IMI Delhi
• MDI Gurgaon
• NMIMS School of Business Management, Mumbai

Around 35% of Private MBA colleges have a fee structure that ranges from Rs 4-12 lakh. Some of these colleges are:

• Amity University, Noida
• ICFAI Business School (IBS), Hyderabad
• Institute of Management, Nirma University, Ahmedabad
• IMT Ghaziabad
• XIMB
• School of Management, BML Munjal University, Gurgaon
• BIMTECH, Greater Noida

Around 5% of Private MBA colleges have a fee structure of more than Rs 20 lakh. Some of these colleges are:

• XLRI Xavier School of Management, Jamshedpur

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