Top MBA Colleges in India 2024: Rankings, Fees, Admissions, Courses, Placements

Top MBA Colleges in India 2024: In India, there are over 110 top MBA colleges. 64 colleges are privately owned, 45 are owned by public/government organizations, and 1 is owned by a public-private partnership. The key tests accepted by top MBA universities in India are the CAT, XAT, and CMAT. The best MBA colleges in India, according to the NIRF ranking 2023, include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and others. Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, and Accenture are among the top MBA recruiters.

The following are the updated rankings for some of India’s best MBA programs:

  • IIM Kozhikode improved its position, moving up to third place in 2023 from fifth place in 2022.
  • IIM Calcutta fell in the rankings, falling to fourth place in 2023 from third place in 2022.
  • The lowest tuition price is INR 10,228 at Banaras Hindu University.
  • The highest placement package is offered by IIM Ahmedabad, which is INR 31.50 LPA.
  • IIM Ahmedabad is India’s best MBA school, followed by IIM Bangalore and IIM Kozhikode. The institutes are ranked 1, 2, and 3 in the most recent NIRF rankings for 2023.

Top MBA Colleges in India: Highlights 2024

The Master of Business Administration, or MBA, is one of the most sought-after postgraduate courses. This two-year program prepares students for a variety of corporate jobs. Students from diverse disciplines, including the humanities, business, and science, pursue the MBA. A traditional MBA is a two-year program divided into four semesters. There are also a few private MBA colleges that offer one-year PGDM programs.

Check out some of the most important characteristics of the best MBA colleges in India. This concise summary will aid in college selection.

No. of MBA Colleges110
Top Distance MBA CollegesXLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc.
Annual FeesINR < 1 lakh: 7 Colleges INR 1-2 lakh: 5 Colleges INR 2-3 lakh: 6 Colleges INR 3-5 lakh: 11 Colleges INR > 5 lakh: 74 Colleges
Top SpecialisationsSales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc.
Accepted Entrance ExamsCAT, XAT, CMAT, MAT, etc.
No. of Top MBA Colleges20 IIMs 23 IITs

How can I get admission to top MBA colleges in India?

Admission criteria for top B-Schools in India may vary from one another. However, the following are the essential MBA eligibility criteria:

As a fundamental eligibility criterion for an MBA (full-time), candidates must have completed a bachelor’s degree in any discipline or equivalent from a recognized university.

Most institutes adhere to the graduation minimum score criteria of 50% aggregate or similar CGPA. The minimal aggregate for reserved category students is 45% or a comparable CGPA.

Final-year graduating applicants are also eligible to apply for MBA, as long as they produce proof of graduation degree completion within the time frame given by the institute.

What are the entrance exams for MBA colleges in India?

The two most popular entrance tests accepted by India’s top MBA colleges are:

CAT: The Common Admission Test (CAT) is a national-level management aptitude test used to gain admission to MBA programs at 20 IIMs and over 1,200 B-schools in India. The CAT exam consists of three sections: verbal ability and reading comprehension, data interpretation and logical reasoning, and quantitative aptitude.

XAT (Xavier Aptitude Test): The XAT (Xavier Aptitude Test) is a national-level management entrance test administered by XLRI, Jamshedpur for admission to MBA/PGDM programs. Preparation for the XAT takes at least six to nine months. XAT is one of the more difficult MBA entry tests among its peers, requiring focused time and effort. Decision Making, Verbal Ability and Logical Reasoning, Quantitative Ability and data Interpretation, and General Knowledge are the four components.

Management Aptitude Test (MAT): The All India Management Association (AIMA) administers a national-level entrance exam for admission to MBA/PGDM programs. The exam is administered in four phases: February, May, September, and December. The MAT test is available in three formats: offline (Paper Based Test or PBT), online (Computer Based Test or CBT), and remotely proctored (Internet Based Test or IBT).

Which is the best College for an MBA in India?

Every year, the NIRF rankings are issued following the framework’s annual data. Rankings and ratings are based on five factors: graduation rate, research and professional practices, teaching and learning resources, and overall impression of the school.

The following are the top ten MBA colleges in India as ranked by NIRF 2023:

College NameNIRF 2021NIRF 2022NIRF 2023
Indian Institute of Management, (IIM) Ahmedabad111
Indian Institute of Management, (IIM) Bangalore222
Indian Institute of Management, (IIM) Kozhikode453
Indian Institute of Management, (IIM) Calcutta334
Indian Institute of Technology, (IIT) Delhi545
Indian Institute of Management, (IIM) Lucknow766
IIM Mumbai (formerly known as NITIE)1297
Indian Institute of Management, (IIM) Indore678
XLRI-Xavier School of Management12129
Indian Institute of Technology Bombay101110

What are the top Private MBA colleges in India?

Among India’s top ten MBA institutions. Here is a list of some of India’s top private MBA colleges, along with their total tuition fee/seat intake and entrance exam/eligibility requirements:

College NameTotal Tuition Fee/Seat IntakeEntrance Exam/Eligibility
XLRI MBA AdmissionINR 29 lakh Seats: 1,310Entrance Exams: XAT, GMAT Graduation with a minimum aggregate of 50%
MDI MBA AdmissionINR 25 lakh Seats: 750Entrance Exams: CAT, XAT, MAT, GMAT Graduation with 50% aggregate
SIBM Pune MBA AdmissionINR 22 lakh Seats: 282Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50%
SPJIMR MBA AdmissionINR 20 lakh Seats: 780Entrance Exam: CAT Graduation with 50% aggregate
NMIMS School of Business Management MBA AdmissionINR 12 lakh Seats: 990Entrance Exam: NMAT Graduation with 55% aggregate
Amity University Noida MBA AdmissionINR 5 lakh Seats: 120Entrance Exams: MAT, XAT, CAT, NMAT, etc. Class 12 with 70% and graduation with 60% aggregate
LPU MBA AdmissionINR 8 lakh Seats: 500Entrance Exams: LPU NEST, MAT, XAT, CAT, etc. Class 12 with 60% and graduation with 55% aggregate

What are the top Govt. MBA colleges in India?

Among India’s top ten MBA institutions. The following is a list of some of India’s top public/government MBA colleges, along with their total course fee/seat intake and entrance exams/eligibility criteria:

College NameTotal Tuition Fee/Seat IntakeEntrance Exam/Eligibility
IIM Ahmedabad MBA AdmissionINR 25 lakh Seats: 50Entrance Exam: CAT, GATE Graduation with 50% aggregate
IIM Bangalore MBA AdmissionINR 25 lakh Seats: 635Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students)
IIT Delhi MBA AdmissionINR 11 lakh Seats: 91Entrance Exam: CAT Graduation with 60% aggregate
IIM Kozhikode MBA AdmissionINR 21 lakhEntrance Exam: CAT, EMAT Graduation with 50% aggregate
IIM Lucknow MBA AdmissionINR 13 lakhEntrance Exam: CAT Graduation with 50% aggregate
IIM Raipur MBA AdmissionINR 14 lakhEntrance Exam: CAT Graduation with 50% aggregate
IIM Rohtak MBA AdmissionINR 9 lakhEntrance Exams: CAT, IPM Aptitude Test
Class 12 with 60% aggregate

What are the top Distance MBA Colleges in India in 2024?

The table below shows the distance between good MBA colleges in India along with their total tuition fee and seat intake:

Distance MBA CollegesTotal Tuition FeeSeat Intake
XLRI Xavier School of ManagementINR 14 lakhNA
SRM Institute of Science and TechnologyINR 60,0001,200
National Institute of Agricultural Extension ManagementINR 15,000NA
Neville Wadia Institute of Management Studies and ResearchINR 3.8 lakh120
Indian Institute of FinanceINR 1.6 lakhNA

Which MBA College offers the highest salary in India?

Return on investment, or ROI, is the sum that students receive as a placement offer in return for investing a sizable sum of money to attend a college and complete a degree of study.

The best MBA colleges in India with the total tuition fee and annual average package are tabulated below:

College NameTotal Tuition FeeAnnual Average Package
IIM Ahmedabad MBAINR 25 lakhINR 30 LPA
IIM Bangalore MBAINR 25 lakhINR 33 LPA
IIT Delhi MBAINR 11 lakhINR 24 LPA
IIM Kozhikode MBAINR 21 lakhINR 27 LPA
IIM Lucknow MBAINR 13 lakhINR 30 LPA

Which top MBA colleges in India have the best placements?

Below is the list of best MBA colleges in India and a few top companies that recruit MBA graduates from top MBA institutes in India along with their placement ratings:

College NameAnnual Average PackageTop Recruiters
IIM Ahmedabad MBA PlacementsINR 30 LPABoston Consultancy, TCS, Axis Bank, Larson and Toubro, Amazon, Sunsilk, etc.
IIM Bangalore MBA PlacementsINR 33 LPAAccenture, Amazon, Paytm, Microsoft, Vedanta, Mckinsey, Nielsen Bangalore, etc.
IIT Delhi MBA PlacementsINR 24 LPARB, Wipro, Synergy Consulting, ICICI Bank, Amway, SHELL, etc.
IIM Kozhikode MBA PlacementsINR 27 LPAMicrosoft, Accenture, Amazon, Deloitte, Capgemini, TCS, HCL, Cognizant, Abbott, HDFC Bank, Yes Bank, etc.

Which MBA College has the lowest fees in India?

Pursuing MBA courses in colleges in India is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh such as IIM Calcutta, IIM Lucknow, IIM Indore, IIM Raipur, etc. Tabulated below are the names of Top MBA Colleges in India along with their total tuition fee structure:

Fee RangeNames of Colleges
< INR 1 lakhJMI, BHU, Panjab University, etc.
INR 1-2 lakhNIT Trichy, UPES, IFHE Hyderabad, etc.
INR 2-3 lakhGuru Gobind Singh Indraprastha University, MNIT Jaipur, Chitkara Colleges of Sales & Marketing, etc.
INR 3-5 lakhIIT Kharagpur, IIT Roorkee, IIM Ranchi, etc.
INR > 5 lakhIIM Ahmedabad, IIM Bangalore, IIM Kozhikode, etc.

Which MBA specialization is high in demand?

In India, the MBA degree is offered in various specializations. See the table below for a detailed overview of the top specializations offered by the top MBA institutes in India:

SpecializationsNumber of Colleges
Sales & Marketing60
Human Resources57
IT & Systems29

How much percentile is required for top MBA colleges in India?

CAT cut-off for IIM admission is fixed by each institute category-wise. While the qualifying cut-offs range between 80 and 90 percentile (General category), the final cut-offs are much higher. Given below is the table indicating qualifying CAT cut-off percentiles of 10 IIMs:

College NameCAT cut-offs
IIM Ahmedabad Cutoff90 percentile
IIM Bangalore Cutoff90 percentile
IIM Calcutta Cutoff90 percentile
IIM Lucknow Cutoff90 percentile
IIM Kozhikode Cutoff90 percentile
IIM Indore Cutoff90 percentile
IIM Rohtak Cutoff90 percentile
IIM Visakhapatnam Cutoff90 percentile
IIM Trichy Cutoff92 percentile
IIM Udaipur Cutoff92 percentile

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