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.
Parameters | Particulars/Statistics |
No. of MBA Colleges | 110 |
Top Distance MBA Colleges | XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc. |
Annual Fees | INR < 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 Specialisations | Sales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc. |
Accepted Entrance Exams | CAT, XAT, CMAT, MAT, etc. |
No. of Top MBA Colleges | 20 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 Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 |
Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 |
Indian Institute of Management, (IIM) Kozhikode | 4 | 5 | 3 |
Indian Institute of Management, (IIM) Calcutta | 3 | 3 | 4 |
Indian Institute of Technology, (IIT) Delhi | 5 | 4 | 5 |
Indian Institute of Management, (IIM) Lucknow | 7 | 6 | 6 |
IIM Mumbai (formerly known as NITIE) | 12 | 9 | 7 |
Indian Institute of Management, (IIM) Indore | 6 | 7 | 8 |
XLRI-Xavier School of Management | 12 | 12 | 9 |
Indian Institute of Technology Bombay | 10 | 11 | 10 |
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 Name | Total Tuition Fee/Seat Intake | Entrance Exam/Eligibility |
XLRI MBA Admission | INR 29 lakh Seats: 1,310 | Entrance Exams: XAT, GMAT Graduation with a minimum aggregate of 50% |
MDI MBA Admission | INR 25 lakh Seats: 750 | Entrance Exams: CAT, XAT, MAT, GMAT Graduation with 50% aggregate |
SIBM Pune MBA Admission | INR 22 lakh Seats: 282 | Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50% |
SPJIMR MBA Admission | INR 20 lakh Seats: 780 | Entrance Exam: CAT Graduation with 50% aggregate |
NMIMS School of Business Management MBA Admission | INR 12 lakh Seats: 990 | Entrance Exam: NMAT Graduation with 55% aggregate |
Amity University Noida MBA Admission | INR 5 lakh Seats: 120 | Entrance Exams: MAT, XAT, CAT, NMAT, etc. Class 12 with 70% and graduation with 60% aggregate |
LPU MBA Admission | INR 8 lakh Seats: 500 | Entrance 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 Name | Total Tuition Fee/Seat Intake | Entrance Exam/Eligibility |
IIM Ahmedabad MBA Admission | INR 25 lakh Seats: 50 | Entrance Exam: CAT, GATE Graduation with 50% aggregate |
IIM Bangalore MBA Admission | INR 25 lakh Seats: 635 | Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students) |
IIT Delhi MBA Admission | INR 11 lakh Seats: 91 | Entrance Exam: CAT Graduation with 60% aggregate |
IIM Kozhikode MBA Admission | INR 21 lakh | Entrance Exam: CAT, EMAT Graduation with 50% aggregate |
IIM Lucknow MBA Admission | INR 13 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
IIM Raipur MBA Admission | INR 14 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
IIM Rohtak MBA Admission | INR 9 lakh | Entrance 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 Colleges | Total Tuition Fee | Seat Intake |
XLRI Xavier School of Management | INR 14 lakh | NA |
SRM Institute of Science and Technology | INR 60,000 | 1,200 |
National Institute of Agricultural Extension Management | INR 15,000 | NA |
Neville Wadia Institute of Management Studies and Research | INR 3.8 lakh | 120 |
Indian Institute of Finance | INR 1.6 lakh | NA |
IGNOU | INR 62,000 | NA |
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 Name | Total Tuition Fee | Annual Average Package |
IIM Ahmedabad MBA | INR 25 lakh | INR 30 LPA |
IIM Bangalore MBA | INR 25 lakh | INR 33 LPA |
IIT Delhi MBA | INR 11 lakh | INR 24 LPA |
IIM Kozhikode MBA | INR 21 lakh | INR 27 LPA |
IIM Lucknow MBA | INR 13 lakh | INR 30 LPA |
XLRI MBA | INR 29 lakh | INR 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 Name | Annual Average Package | Top Recruiters |
IIM Ahmedabad MBA Placements | INR 30 LPA | Boston Consultancy, TCS, Axis Bank, Larson and Toubro, Amazon, Sunsilk, etc. |
IIM Bangalore MBA Placements | INR 33 LPA | Accenture, Amazon, Paytm, Microsoft, Vedanta, Mckinsey, Nielsen Bangalore, etc. |
IIT Delhi MBA Placements | INR 24 LPA | RB, Wipro, Synergy Consulting, ICICI Bank, Amway, SHELL, etc. |
IIM Kozhikode MBA Placements | INR 27 LPA | Microsoft, 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 Range | Names of Colleges |
< INR 1 lakh | JMI, BHU, Panjab University, etc. |
INR 1-2 lakh | NIT Trichy, UPES, IFHE Hyderabad, etc. |
INR 2-3 lakh | Guru Gobind Singh Indraprastha University, MNIT Jaipur, Chitkara Colleges of Sales & Marketing, etc. |
INR 3-5 lakh | IIT Kharagpur, IIT Roorkee, IIM Ranchi, etc. |
INR > 5 lakh | IIM 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:
Specializations | Number of Colleges |
Finance | 62 |
Sales & Marketing | 60 |
Human Resources | 57 |
Operations | 47 |
IT & Systems | 29 |
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 Name | CAT cut-offs |
IIM Ahmedabad Cutoff | 90 percentile |
IIM Bangalore Cutoff | 90 percentile |
IIM Calcutta Cutoff | 90 percentile |
IIM Lucknow Cutoff | 90 percentile |
IIM Kozhikode Cutoff | 90 percentile |
IIM Indore Cutoff | 90 percentile |
IIM Rohtak Cutoff | 90 percentile |
IIM Visakhapatnam Cutoff | 90 percentile |
IIM Trichy Cutoff | 92 percentile |
IIM Udaipur Cutoff | 92 percentile |
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