Top MBA Colleges in Chennai 2024: Know NIRF Ranking, ROI & Fees

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Chennai is home to several top MBA colleges where candidates can pursue and complete their higher education. It has more than 10+ top MBA colleges, out of which some are privately owned and some publicly/government colleges. All these colleges offer MBAs which are full-time courses. However, to get into any of these colleges, one must clear any of these MBA entrance exams such as CAT, XAT, CMAT or any other. Based on the ranking, one will get to decide the desired college. To learn more about the top MBA colleges in Chennai, we have compiled a blog which will provide you with all the information. 

Top MBA Colleges in Chennai with NIRF Ranking

There are several top MBA colleges in Chennai which offer this degree to students who want to pursue their higher education. However, the only way to get into this path is to take the entrance exam, get a good rank and then get to choose the college of your choice. Similarly, we have compiled a list of top MBA colleges in Chennai along with their NIRF ranking from which you can choose. 

Name of CollegeNIRF Ranking (2023)Average MBA Fees (In Lakhs)
IIT Madras15Around INR 10 Lakhs
Anna University49INR 41,000
Great Lakes Institute of Management 31INR 9 – 11.2 Lakhs

Top Private MBA Colleges in Chennai

Below is the list of colleges which are privately run by Chennai and offer an MBA degree. We have also mentioned their fees and the entrance exam that is accepted to get admission. 

Name of CollegeEntrance Exam Accepted Fees (In Lakhs)
Loyola Institute of Business Administration CAT, XATINR 14 Lakhs
Hindustan Institute of Technology and Science XAT, CAT, CMAT,  HITSCATINR 4 Lakhs
Great Lakes Institute of ManagementCMAT, CAT, XATINR 9 – 11 Lakhs
Saveetha Institute of Medical and Technical ServicesTANCET MBA, CAMT, CAT, XATINR 7 Lakhs

Also Read: Top MBA Colleges in India

Best Public MBA Colleges in Chennai

Getting admission into a public MBA college in Chennai is a hard nut to crack. However, with proper preparation strategy and determination, anyone can get into any of these colleges. Below is the list of colleges that are public-owned and offer this degree. 

Name of CollegeEntrance Exam Accepted Fees 
University of MadrasMAT, CAT, TANCET MBA, XAT, CMATINR 28,000- INR 56,000
College of Engineering, Anna University TANCET MBAINR 35,000
IIT MadrasCATINR 1 Lakh – 17 Lakhs

Also Read: Anna University MBA Admissions 2024: Fees, Procedure

Top MBA Colleges in Chennai Without Entrance Exam

Did you know that you can study MBA without taking any entrance exam? Well, it sure is possible. Check out this list. 

Name of CollegeFees (In Lakhs)
HITS Chennai
Velammal Engineering CollegeINR 0.7 Lakhs
Crescent School of BusinessINR 7.14 Lakhs
Natesan Institute of Co-Operative ManagementINR 0.79 Lakhs
Bharath Institute of Higher Education and ResearchINR 2 Lakhs

Top MBA Colleges in Chennai With Low Fees

If you are looking for a cheaper option, then these are the best colleges for you to pursue an MBA degree. These are the colleges which offer this course at a very reasonable fee. 

Name of CollegeFees (In Lakhs)
SSN School of ManagementINR 5 Lakhs
IIKM Business SchoolINR 3 – 4 Lakhs
Rajalakshmi School of Business – RSBINR 6 Lakhs
Sri Ramchandra Institute of Higher Education and ResearchINR 4 Lakhs
Xavier Institute of Management and Entrepreneurship (XIEM)INR 7 Lakhs

Top MBA Colleges in Chennai: Eligibility Criteria

It is quite evident that the eligibility criteria for all the colleges will differ from college to college. Accordingly, we have compiled a generic list of criteria that are required by all the MBA colleges in Chennai.

  • The candidate must have completed their graduation in any discipline from a recognized university.
  • The candidate must have a minimum aggregate percentage of 50 per cent in graduation. Those belonging to the reserved category must have a minimum aggregate of 45 per cent. 
  • Finally, final-year students can also apply for an MBA provided they present the degree after the completion of the degree.

Check Out These Blogs!

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ROI of Top MBA Colleges in Chennai

Return on Investment (ROI) is also very important for students as it benefits them after the completion of their degree. Here is the ROI for all the graduates passing from the following colleges. 

Name of CollegeAverage Placement Package (In Lakhs)Fees (In Lakhs)
Great Lakes Institute of ManagementINR 11 LakhsINR 9 – INR 11 Lakhs
IIT MadrasINR 16 – INR 21 LakhsINR 1 – INR 17 Lakhs
Loyola Institute of Business AdministrationINR 11 LakhsINR 14 Lakhs
Saveetha Institute of Medical and Technical ServicesINR 6 LakhsINR 7 Lakhs
Hindustan Institute of Technology and ScienceINR 5 LakhsINR 3 – INR 4 Lakhs

Keep in mind that the above-mentioned data can always vary from time to time.

Why Choose Chennai for MBA?

Chennai is a great option for students who wish to pursue an MBA degree. One must note that pursuing this degree not only opens gates to several opportunities but also exposes the student to skills which they get to learn daily. Here are some reasons why Chennai is a great option to study MBA.

Safe and Affordable

Chennai is considered to be a lot safer than other cities. It also has a great affordable food, and transport system which is great for students who wish to commute every day. 

Work Opportunities

The city has a lot of growth and work opportunities after completing the MBA degree. It is assumed that an MBA graduate will never fall short of options while looking for a job. 

Top-Business Schools

Lastly, Chennai is home to some of the best business schools in the country which offer great infrastructure, renowned faculty and much more. 

Related Blogs

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MBA for Working ProfessionalsMBA in Delhi University
MBA After BScDoing A PhD After an MBA


Which college is considered to be good for pursuing an MBA degree in Chennai?

Colleges like Great Lakes Institute of Management, Anna University, and IIT Madras are some of the colleges that are great options. 

Is SRM good for an MBA degree?

SRM College is great for pursuing your education as it has great placement opportunities.

Which college is No. 1 for MBA in Chennai?

IIT Madras is considered to be the best college for pursuing an MBA degree in Chennai. 

This was all about the top MBA colleges in Chennai and their rankings. Hopefully, you have found the information you were looking for. Stay tuned for more such informative reads on the Indian university page of Leverage Edu

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