Best MBA Colleges in India: Fees, Admission 2026, Courses, Salary, Ranking

There are 6,000+ MBA Colleges in India. Of these, 3,900+ colleges are privately owned, 500+ colleges are owned by the government and 85 colleges are owned by semi government instiututions. CAT, MAT, and CMAT are some of the top entrance exams for admission to top MBA colleges in India. IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, XLRI Jamshedpur, IIM Lucknow, DMS IIT Delhi, IIM Kozhikode, SIBM Pune ITM Business School Navi Mumbai, VVISM, and many others are some of the top MBA colleges in India. 

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The top MBA colleges in India, according to the NIRF 2025, are listed in the table below:

Top Colleges	NIRF 2023 Rank	NIRF 2024 Rank	NIRF 2025 Rank
Indian Institute of Management (IIM) Ahmedabad Ranking	1	1	1
Indian Institute of Management (IIM) Bangalore Ranking	2	2	2
Indian Institute of Management (IIM) Kozhikode Ranking	3	3	3
Indian Institute of Technology (IIT) Delhi Ranking	5	4	4
Indian Institute of Management (IIM) Lucknow Ranking	6	7	5
IIM Mumbai Ranking	7	6	6
Indian Institute of Management (IIM) Calcutta Ranking	4	5	7
Indian Institute of Management (IIM) Indore Ranking	8	8	8
Management Development Institute Ranking	13	11	9
XLRI-Xavier School of Management Ranking	9	9	10

Disclaimer: This information is sourced from the official website of the ranking body listed and may vary.

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Yes, an MBA is one of the most sought-after PG programmes in India. Below you can consider these programmes for comparison with fees and average salaries.  

College Names	Approx Total Tuition Fees	Average Median package
DMS IIT Delhi MBA	~INR 12 lakh	INR 24 LPA
IIM Ahmedabad MBA	~INR 25 lakh	INR 20 LPA - INR 32 LPA
IIM Bangalore MBA	~INR 25 lakh	INR 33 LPA
IIM Kozhikode MBA	~INR 18 lakh - INR 21 lakh	INR 25 LPA - INR 27 LPA
IIM Lucknow MBA	~INR 13 lakh	INR 30 LPA

Disclaimer: The above statistics are based on the latest data.

Hope this information proves beneficial for you!!

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No, it is not necessary to have an MBA degree to get a job in managerial post in a Government organisation.

A PGDM in a relevant specialisation can be equally eligible or suitable for a managerial role in a Government organisation also.

 

IIM-A's PGP course which leads to a Master’s degree in Business Administration is IIMA’s flagship programme for more than fifty-five years and is among the top-ranked programmes in the world for many years. Ranked 1 by NIRF 2022 for Management education, experts consider MBA at IIM-A as one of the toughest programmes to get into. Additionally, during placements in 2022, the highest and average package of IIM Ahmedabad stood at INR 61.48 LPA and INR 32.79 LPA, respectively, and 100% of the students got placement opportunities from companies, such as Bain, Amazon and Google. Thus, it isn't just worth but pursuing MBA from IIM-A is the best option in India. 

Find below the reviews by MBA students of IIM Ahmedabad:

 

Joining the top ranked MBA colleges in India, you need to go through its ROI. Listed below are some colleges along with their tuition fees and average placement package:

College Names	Total Tuition Fee	Annual Average Package
SIIB Pune MBA	INR 13 Lacs - INR 19 lakh	INR 11 LPA - INR 14 LPA
IIM Ahmedabad MBA	INR 25 lakh	INR 32 LPA
IIM Bangalore MBA	INR 25 lakh	INR 33 LPA
IIM Calcutta MBA	INR 25 lakh	INR 31 LPA
IIM Kozhikode MBA	INR 21 lakh	INR 27 LPA
IIM Mumbai MBA	INR 14 lakh	INR 28 LPA
XLRI MBA	INR 29 lakh	INR 30 LPA

Disclaimer: The above statistics are based on the latest available data.

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There are several good MBA colleges across India that have highly affordable programmes, and they have some standing across ranking frameworks like Business Today and Times B School. You can check these. 

MBA College	Total Tuition Fees
Maharaja Agrasen Himalayan Garhwal University MBA Courses	INR 60K+
SRMEEC Chennai MBA Courses	INR 70K
SNS College of Technology MBA Courses	INR 35K

Note: All info. is from official sources and can change. 

 MBA graduates from SIBM Pune get placed into various sectors such as:

• General Management

• Management Consultant

• Investment Banking

• Business Consultant

• Project Management, etc. 

Some of the popular Govt. PGDM Colleges are given in the table below:

• IIM Kozhikode
• IIM Shillong
• XLRI Jamshedpur
• MDI, Gurgaon
• MICA, Ahmedabad
• IIM Lucknow
• Great Lakes Institute of Management

IIM Kozhikode offers a two-year Post Graduate Programme (PGP) in Management, which is equivalent to MBA. Apart from regular PGP course, the institute also offers three other PG level Management courses for the same duration. In order to apply for MBA courses at IIM Kozhikode, candidates must fulfil the minimum eligibility criteria and pass all the selection parameters with a valid scores. Find below the list of IIM Kozhikode MBA/ PGP courses:

• PGP
• PGP Finance
• PGP Liberal Studies & Management
• PGP in Business Leadership

Click here to know about the IIM Kozhikode MBA course in detail. 

The institute has not released the placement percentage. However, the other important statistics are out. Over 99 companies visited the campus for hiring the MBA batch 2022-24. This year 55 new recruiters took participation in the recruitment process. Further, the highest package offered was INR 49 LPA. Check the complete insights of SIBM Pune placements 2023 from the table below:

Particulars	Placement Statistics (2023)
Highest package	INR 49 LPA
Average package	INR 28.16 LPA
Median package	INR 25 LPA
Top 10% average package	INR 37.53 LPA
Top 25% average package	INR 35.14 LPA
Top 50% average package	INR 31.63 LPA
Total recruiters	99+
New recruiters	55
Top sector	BFSI
PPOs	96

While preparing the cutoff for the Andhra University MBA course, the authorities will consider examination and admission-related factors. The listed factors will be checked and considered by the authorities while determining the cutoff of Andhra University MBA - previous years' cutoff trends, difficulty level of exam, total number of qualified candidates, total number of candidates applying for a specific course or specialisation, number of seats available for admission,  etc.. After checking all of these factors, the authorities will prepare the Andhra University APICET cutoff for MBA admission.

IIM Mumbai offers several scholarship schemes to the candidates on a merit and needs basis. The details regarding the same is GATE-qualified students are entitled to Teaching Assistantship (at present INR12400 per month) and contingency expenditure as per rules. SC/ST students are granted Central Sector Scholarship as per the scheme of Govt. of India subject to the satisfactory fulfilment of terms and conditions mentioned therein. Any student entering the postgraduate programme whose total family income does not exceed Rs 2.50 Lacs in the last financial year shall be eligible for 30% tuition fee waiver and 50% waiver of tuition fee if family income does not exceed Rs 1 Lacs in the last financial year shall be eligible for this scholarship.

You can get admission to the Institute of Management in Kerala, University of Kerala by following these steps : 

1. First of all you need to clear the KMAT entrance exam.
2. Apply for admission in Counselling process.
3. Fill out the complete admission form released on the official website in the month of January.
4. Upload all the required documents.

XLRI is accredited by AACSB (Association to Advance Collegiate Schools of Business), AMBA, and NBA (National Board of Accreditation) and is approved by AICTE (All India Council for Technical Education), AIU, and GOI. XLRI Jamshedpur is ranked 9 for MBA in the NIRF 2023 rankings and was established as a private college in 1949. Being a private college, the fee can be a little high but the students can apply for scholarships provided by the XLRI-Xavier School of Management. Hence, even if the students find XLRI Jamshedpur a little expensive, they don't have to worry as scholarships are there to assist them.

Check the Other Top Executive MBA Colleges in India

IIM Calcutta is one of the top Management institutes in the country. In the NIRF 2024 rankings, it is ranked #5 under the Management category. The placement rate recorded during 2024-25 placement was 100%. As per the latest report, the highest package offered in IIM Kolkata 2024 placements is recorded to be INR 1.2 crore per annum. The total number of companies that participated in the placement drive were 194. Moreover, the top recruiting sector was Consulting with 31.6% offers.

Considering the institute's ranking and placement data, it is easy to say that it is one of the top institute for MBA in India. The ROI for the course is also great.

The cost of IIM Indore MBA ranges between INR 17.30 Lacs and INR 35 Lacs as per unofficial sources. However, the fee structure given on IIM Indore official website, the total fee of the PGP course is inclusive of the course fee, alumni fee, medical insurance and mess deposit.

Given below is fee structure of IIM Indore MBA fees, as per the official website for 2023-25 batch:

Particulars	Total Amount (for 2 years)
Course fee	INR 20 lakh
Alumni fee	INR 23, 600
Medical Insuarance	INR 2,716
Refundable Caution Deposit	INR 1 lakh
Mess deposit	INR 1.08 lakh

The total fees includes various components, such as the tuition fee, admission fee, application fee, etc. The tuition fee ranges from INR 32,500 to INR 3.1 lakh. 

MDI Gurgaon does not release cutoff list. The eligibility criteria set for admission to MDI Gurgaon follows that, Candidate must have a bachelor's degree with at least 50% marks or equivalent CGPA. Candidate must have scored at least 50% in both Class 10 and 12, and have a valid CAT/GMAT score. In addition to the CAT score, candidates must also perform well in the Group Discussions (GD) and Personal Interview (PI) rounds for final selection. Additionally, MDI Gurgaon does not have any management quota seats.

Gauhati University MBA admission is completely based on the merit scores obtained by students in the university/national-level entrance exam along with their merit at the undergraduate level. The university conducts its own entrance exam for admission. However, those with a valid score in national-level entrances, such as MAT/ CAT/ XAT/ CMAT exams are exempted from this test provided they have a score of 75 percentile and above. Those who qualify one of the afore-mentioned exams are required to go through a GDPI round for final selection. Before everything else, students must meet with the minimum eligibility criteria set by the university which is to pass a relevant undergraduate degree with at least 50% aggregate. However, those who are in the final year of their UG degree can also apply provided they have no arrears in the previous semesters and fulfill the complete eligibility before first semester exams.

Candidates need to visit the official website of TANCET to download the hall ticket. Login credentials, inclduing email ID and password are required for TANCET admit card download. The step-wise process to download the TANCET admit card will be updated on the Shiksha's TANCET admit card page (https://www.shiksha.com/mba/tancet-exam-admit-card).

Yes, for Pune University MBA Admission a valid CAT/ MAH CET/ CMAT score is compulsory along with the set minimum eligibility criteria. To be eligible, candidates must have completed an undergraduate degree with at least 50% aggregate (45% aggregate for reserved category candidates). For more information on other MBA accepting exams for SPPU and its affiliated colleges, students are advised to visit the official website of the university or the respective affiliated college.

MBA programme in Delhi School of Management isn't free. Candidates must pay the course fee as per the DTU MBA fees structure for 2024. The total fee for MBA is INR 2.9 lakh. There is no scholarships for the Management programme at DSM. Delhi School of Management offers a two-year MBA programme in six specialisations. Admission to MBA is offered on the basis of CAT/MAT score followed by counselling and GD and PI process. In addition to the MBA, the institute also offers E-MBA programme for working professionals. Admission to E-MBA is offered on the basis of qualifying marks in graduation followed by a GDPI round.  

The highest package offered during IIT KGP placements 2026 was INR 2.44 Crore per Annum.

Yes, IIT Madras can be one of the prime choice for MBA aspirants. The institute recorded a 100% placement rate for its MBA batch passing out in 2024. The highest and average package offered during IIT Madras MBA placements in 2024 stood at INR 29.65 and INR 16.93 LPA, respectively. Further, the median package offered to during IIT Madras MBA placements in 2024 stood at INR 20.40 LPA.

Talking about the Indian Institute of Technology Madras rankings, the institute has been ranked 15 by the National Institutional  Ranking Framework (NIRF) 2023 for its Management category courses. In the year 2022, IIT Madras was ranked 10 in the Management category by the NIRF. Find here about the other top ranking IITs in India.