Top MBA Colleges in India

9 minute read
Top MBA Colleges in India

Master of Business Administration (MBA) is one of the most popular courses after graduation, opted for by students from varied backgrounds. Not only does it provide enhanced knowledge of the business domain, but it also helps you to get immense industrial exposure to your chosen specialization. As this degree has increasingly gained popularity, almost every institution in the country is offering different types of MBA courses in varied specialisations. While exploring these courses, it is important that you choose a renowned institution to pursue them. Through this blog, we are bringing you some of the top MBA colleges in India and their prospective programs that you must consider.

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Top MBA Colleges in India with Fees

The following are the top MBA colleges in India with fees:

Institution Fees
IIM Ahmedabad 24.61 Lakh
IIM Bangalore 24.50 Lakh
IIT Delhi 10.40 Lakh
IIM Kozhikode 20.50 Lakh
IIM Lucknow 12.60 Lakh
XLRI 27.40 Lakh
Symbiosis Institute of Management 22.20 Lakh
S.P Jain Institute of Management and Research 20.42 Lakh

Indian School of Business

The Indian School of Business, which has two campuses-Mohali and Hyderabad, has consistently established itself as one of the top MBA colleges in India. It was founded in the year 2001 and is a part of the Association of Advanced Collegiate Schools of Business. Offering around 14 courses across 2 streams, the school is known for its varied specializations offered under MBA courses and PG Diplomas in Management such as Family Business, Public Policy as well as Advanced Management Programmes. Moreover, candidates need to qualify for the GMAT exam which is necessary to acquire admission to these courses. ISB PGP, AMPBA, ISB PGPpro, etc are some of the popular courses offered by the coveted school. Atul Satija (2004), Piyush Shah (2009), and Viren Resquinah (2009) are some of the well-known alumni of ISB who have been given a notable mention under ET’s ‘Forty under 40’ 2019 list.

Indian Institute of Management (IIM)

Established in the year 1961, the Indian Institute of Management is a public university offering an array of world-famous management courses. IIMs are spread across the country in cities like Ahmedabad, Bangalore, Calcutta (Kolkata), Nagpur, Lucknow, and Indore, amongst others. Further, around 5 campuses of IIM have been featured under the National Institutional Ranking Framework (NIRF) Rankings 2019 with IIM Bangalore topping the list. Providing a wide range of placement opportunities in both public and private sectors, the IIMs offer an array of specializations under MBA, Executive MBA, Post Graduate Program in Management (PGDM) and other management courses. It is one of the top MBA colleges in India and has quite a rigorous admission process. An individual needs to obtain a high percentile in the CAT exam in order to pursue courses in IIM. 

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XLRI Xavier School of Management

Located in the steel city Jamshedpur, the XLRI Xavier School of Management was founded in the year 1949. Being one of the oldest business schools in India, the XLRI was established with the motto of nurturing future business leaders for the greater common good. This B-school deserves a sure-shot mention amongst the top MBA Colleges in India because of its almost 100% placement records of the enrolled students and vast alumni base spread across the world.

The school offers varied management degrees and programs which can equip you with a multitude of skills and strategies to excel in your chosen field of interest. Other than its MBA programs, it is also renowned for its offered Post Graduate Diplomas in Management [PGDM] spread across different specialisations such as Human Resource Management and Business Management, Global Management. Further, in order to apply for an MBA or any other course at XLRI, aspirants need to qualify for the XAT or GMAT with the scores specified by the institute. 

SP Jain Institute of Management and Research (SPJIMR)

Offering 23 management courses under 3 streams and 12 specialisations, this management institution is another renowned mention in our list of the top MBA colleges in India. Located in Mumbai and Delhi and established in the year 1981, SP Jain Institute of Management and Research has consistently strived to become India’s most socially responsive and innovative school of management. SPJIMR is a part of the Bharatiya Vidya Bhawan and offers Global Programmes as well as courses in Family Managed Business, Executive Management, Entrepreneurship, and Social Sector. MBA, PGDM and Fellow Management Programmes (FMP) feature among the popular courses of SPJIMR. It also provides Post Graduate Diploma in Management for Women which is curated mainly for those who are aspiring to get back into the professional arena after taking a break. To get yourself enrolled on the top-notch programs of the SP Jain Institute of Management and Research, you have to compulsorily qualify for any of the MBA entrance exams such as CAT, GMAT, and XAT. 

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Indian Institute of Foreign Trade

Indian Institute of Foreign Trade (IIFT) was established in the year 1963 as an autonomous organisation by the government of India. Initially, it was set up to boost exports and professionalise the foreign trade management of the country. With its campuses situated in Delhi, Kolkata and Guwahati, IIFT is one of the top MBA colleges in India that offers this degree under varied sub-specialisations of International Trade and Business. The institute offers 17 prominent courses clubbed under 3 streams and some of the popular IIFT programs include Executive Management and Graduate Study courses, 2-Year MBA International Business (offered as both full-time and weekend courses), and Foundational Training Programs (ITS). To get admission to these leading programs candidates have to qualify for a specific entry-level test i.e. IIFT conducted by the National Testing Agency (NTA). To understand the structure, read our blog on IIFT Exam Pattern.

MBA from IITs

MBA courses given by the Indian Institute of Technology (IIT) are famous among management applicants. Many students choose MBA from IITs over IIMs or other topmost MBA colleges. IITs continue to hold an excellent record in MBA ranking, placings, and return on investment (ROI).   One of the major reasons behind students preferring IITs for MBA programs over a popular but private B-School is also that it is inexpensive.

FMS – Faculty of Management Studies, Delhi University

The Faculty of Management Studies is a part of Delhi University and is among the country’s best MBA colleges. It was established in 1954 and offers a full-time MBA course, executive MBA programs, Management Development Programme (MDP), and a doctoral program. It was featured among the top four best B-Schools in India by The Week (2020). 

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Narsee Monjee Institute of Management Studies (NMIMS)

A worldwide acknowledged and prime name for Management education in India, the Narsee Monjee Institute of Management Studies (NMIMS) was founded in 1981. The main NMIMS campus is located in Vile Parle, West Mumbai. With colleges in 7 cities, all the institutes grant UG, PG, and PhD level programs in about sixteen specialisations. Well-recognized for its MBA/PGDM course, it was rated 4th for Private MBA by Outlook 2020 and 24th for Private MBA by NIRF 2020. It is also recognized as a Category 1 University by MHRD.

NIT, Tiruchirapalli

The National Institute of Technology, founded in 1964, in Tiruchirappalli is a government institute for undergraduates and advanced research. The courses granted here include Marketing, Finance, Business Analytics, IT Consulting, Human Resources, and Operations. The campus is full of lush green trees and plantations. It is one of the MBA colleges in India especially if you plan to work in IT-based companies with a techno-managerial educational framework.

Jamnalal Bajaj Institute of Management Studies, Mumbai

Jamnalal Bajaj Institute of Management Studies, Mumbai, founded in  1965, is a state institute for business and management studies. JBIMS is among the pioneer business schools in the nation. It has been consecutively ranked in the category of the best business school in the Asia-Pacific province. The Institute offers a full-time Master in Management Studies (MMS) and a Master in Finance (MSc Finance). The span of both programs is for 2 years.  It also permits learners to register for a part-time MBA.

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Best MBA Colleges in India without GMAT

The following are the top colleges to pursue MBA without GMAT:

Institution Location
Symbiosis Institute of Business Management Pune
Xavier University Mumbai
Indian School of Business Hyderabad
Indian Institute of Foreign Trade New Delhi
XLRI Jamshedpur
NMIMS School of Business Management Mumbai
TATA Institute of Social Sciences Mumbai
Great Lakes Institute of Management Chennai

Eligibility Criteria

The requirements for admission to the best business schools in India can vary from one college to another. Nonetheless, the following are the crucial requirements for MBA eligibility:

  • As a requirement for MBA eligibility, candidates must have completed their undergraduate degree in any discipline or its equivalent from an accredited university (full-time).
  • The majority of institutions adhere to the graduation minimum score requirement of 50% overall or an equivalent CGPA. The required minimum score for students in the reserved category is 45% overall or an equivalent CGPA.
  • Candidates for graduation who are in their final year may also apply for an MBA if they can offer documentation that their degree was earned within the institute-specified time frame.

Entrance Exams for Top MBA Colleges in India

Based on their performance on the numerous MBA entrance tests, all qualified applicants will compete for admission to the best MBA colleges. The majority of the best MBA schools in India accept CAT results, which explains why there are most applications. The most well-liked management entrance tests in India are

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Specializations Offered

MBA specialisations are available to assist students in becoming knowledgeable and skilled in a specific or specialised sector. The MBA specialisation is available through distance learning, online learning, and offline learning. The best MBA schools in India provide degrees in a variety of specialities, including MBAs in HRM, IT, marketing, and finance.

MBA FinanceMBA Human Resource Management
MBA MarketingMBA Sales & Marketing
MBA Information TechnologyMBA International Business
MBA Operations ManagementMBA Marketing Management
MBA Business AnalyticsMBA Agri-Business
MBA Logistics and Supply Chain ManagementMBA Entrepreneurship
MBA BankingMBA Tourism and Hospitality Management
MBA Technology ManagementMBA Hospitality Management
MBA Hospital AdministrationMBA Banking and Insurance

How to Select the Best MBA College?

It takes some investigation to select an MBA college that is suitable in all regards. Some measures to reduce the number of colleges to consider are

  • Choose a university that offers the speciality you are interested in.
  • The most important factor is college accreditation or affiliation. Beware of this.
  • Go at the faculty members’ list (do a check on their experience and qualification).
  • Check the course material to see if it contains what you require to succeed in the future.
  • Alumni and infrastructure should also be taken into account.
  • Check and examine the placement possibilities frequently because they provide a clear indication of the college’s history.

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Q1. Which is the No 1 MBA college in India?

Ans. The top MBA schools in India are ranked from highest to lowest by IIM Ahmedabad, IIM Bangalore, IIM Kolkata, and so on. The aforementioned three, along with IIM Kozhikode, IITs like IIT Delhi, and XLRI MDI Gurgaon, to name a few, are included in the NIRF rankings that highlight the top MBA colleges in India for 2021.

Q2. Which MBA has the highest placement in India?

Ans. IIM Calcutta currently offers the highest income in India at INR 34.1 lakh per year, followed by ISB Hyderabad at INR 34 lakh per year, and so on.

Q3. Is IIT good for MBA?

Ans. The management departments at IITs are the most popular MBA destinations because they provide high ROI MBA programmes with reasonable fees and good placement rates. In the NIRF Rankings 2022, MBA at several IITs is ranked higher than many top IIMs.

We hope that this blog has helped you explore the top MBA colleges in India and their prospective offerings under this degree as well as the business and management domain. If you are planning to pursue an MBA abroad but are confused about which university to study in then reach out to our experts at Leverage Edu who will not only help you select the most suitable university but will also help sort the whole process of study abroad to ensure that you get successfully shortlisted into your dream business school!

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    1. If you need further guidance to apply and study in top MBA colleges, consult our experts to let us help you out!

    1. We are glad to know that you liked our article. For more such informative blogs, subscribe to our newsletter for daily updates.

    1. If you need further guidance to apply and study in top MBA colleges, consult our experts to let us help you out!