Top Government MBA Colleges In India 2023
Saurav Anand
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September 20, 2022Top Government MBA Colleges In India
The number of students who are willing to complete an MBA degree from a top MBA college and institution is increasing every year regularly. Due to this kind of demand for seats in MBA courses, many of the colleges and institutions have emerged offering MBA courses to the interested candidates.
Only some colleges give credible management degrees and most of the top seats get filled by eligible and suitable students.
Top MBA Colleges in India 2022 - India is a South Asian country with the seventh biggest land area in the world. According to the 2011 census, India's average literacy rate is 74%. This country's capital city is New Delhi. Many government and commercial organizations in India offer management education. Many prestigious management colleges exist in India, including IIM (Indian Institute of Management), IIFT (Indian Institute of Foreign Trade), and others. We have compiled a list of the Top MBA Colleges in India 2023, complete with entrance requirements and specialities.
Top Government MBA Colleges In India 2023 Insights
India is home to several Top Government MBA Colleges in India that accept entrance exams like CAT, CMAT, MAT, MAT, XAT, and ATMA for admission to the top government MBA colleges in India.
IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, IIT Kanpur, and other esteemed institutions are among the well-regarded government-affiliated MBA Colleges in India, which are often recognised as part of the top 30.
Below are the updated rankings of the top 10 Government MBA institutions in India.
- As per Government MBA Colleges in India NIRF rankings 2023, IIM Ahmedabad retained its No. 1 position.
- IIM Kozhikode has improved its ranking as it shifted to rank 3 in 2023 when as compared to rank 5 in 2022
Top Government MBA Colleges In India Highlights 2023
The Master of Business Administration (MBA) is a two-year postgraduate programme that encompasses a comprehensive study of foundational and advanced concepts pertaining to the field of management. Several prominent specializations in Master of Business Administration (MBA) programmes include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, among others. Obtaining an MBA degree has the potential to augment an individual's skill set and capabilities, enabling them to effectively operate in management positions. Consequently, this educational pursuit may serve as a gateway to a myriad of professional prospects.
Admission Procedure
Students can apply for admission to the MBA program through entrance exams. Entrance exams are held at the national, state, and university levels. Candidates seeking admission to IIMs must have passed the CAT 2023 (Common Admission Test) CAT, MAT, CMAT, XAT 2023, SNAP, and ATMA test scores are also taken into account by several universities and institutes in India for offering admission to management degrees. Students can also apply through state-level examinations such as the Karnataka PGCET 2023, MAH CET, TANCET 2023, and so forth.
Eligibility Criteria For Admission To Top Government MBA Colleges
- For pursuing an MBA degree course, applicants must have a minimum three-year Bachelor’s degree in any discipline or equivalent qualification with a minimum 50 percent aggregate marks
- Applicants belonging to reserved categories can apply for MBA with a Bachelor’s degree with a minimum of 45 per cent aggregate marks
- Candidates who have completed professional courses such as CA, CS, CMA, etc. are also eligible to pursue MBA
- Working professionals with two or more years of experience from any field are also eligible to pursue MBA
Top Government MBA colleges in India - Top Government MBA Colleges in India with Low Fees - Because of their outstanding academic output, the top Indian government MBA colleges are internationally recognized. These colleges will accept your CAT score to admit you. These colleges strive to bring excellence to their students. Indian Institute of Management (IIM), is a well-known name for students who plan to study management master's. Many students consider IIM a dream. IIMs is a grouping of 20 institutions that offer management education. Some of the most prestigious IIMs include IIM Ahmedabad and IIM Bangalore.
The faculty of Management Studies at the University of Delhi is another well-respected government MBA college in India. FMS is a well-known Indian MBA college that is known for its ability to teach students entrepreneurial skills. National Institute of Industrial Engineering in Mumbai; Department of Management Studies at Indian Institute of Technology Delhi ; JBIMS [ Jamnalal Bajaj Institute of Management Studies in Mumbai]); and Department of Management Studies at Indian Institute of Science, Bangalore. These are just a few of the top government MBA colleges across India.
National MBA Entrance Exams
MBA Exam dates and schedules with top MBA colleges accepting exams, as well as MBA Entrance Exam Calendar, are provided below. Their notification for entrance tests for admission 2023 will be available soon.
| Name Of The National MBA Exam | MBA Entrance Exam Date | Top MBA Colleges Accepting Exam |
|---|---|---|
| Common Admission Test (CAT) 2022 | November 27, 2022 | IIMs, FMS Delhi, SPJIMR, MDI, IITs, IMI, IMT |
| Xavier Aptitude Test – XAT 2023 | January 8, 2023 | XLRI, XIMB, IMI, IMT, TAPMI, Great Lakes |
| NMAT by GMAC 2022 | October 10 to December 19, 2022 | NMIMS, K J Somaiya, XUB, VIT Vellore, SD Bacconi Asia Centre |
| SNAP 2022 | December 18, 2022 | SIBM Pune, SCMHRD, SIOM & 12 Other Symbiosis colleges |
| CMAT 2023 | February 26, 2023 | GIM Goa, BIMTECH, K J Somaiya, IFMR, Welingkar, Jaipuria, N L Dalmia, Christ, |
| MAT 2022 (September) | PBT- September 4, 2022 IBT- Aug 28 to Sept 17, 2022 CBT- September 18, 2022 | JAGSoM, Christ, IPE Hyderabad, Jaipuria, BIMTECH (Specialized PGDM), JIMS, NDIM |
| ATMA 2022 (July) | July 24, 2022 (Over) | Welingkar, CIMR, SOIL, IMS, Christ |
| GMAT 2022 | Available Round the year | SPJIMR, IMI, IMT, XIMB, TAPMI, FORE, LBSIM, GIM Goa |
Top MBA Specializations
MBA programmes are offered in a wide range of specializations. Students will have options to choose specializations in the final year of the programme. Some top MBA Specializations are Human Resource Management, Marketing, Finance, Operations, Information Technology and International Business.
11-20 Best MBA Colleges In India 2023 Ranked Colleges
- International Management Institute (IMI), New Delhi
- Sydenham Institute of Management Studies (SIMSREE), Mumbai
- Goa Institute of Management (GIM), Goa
- Great Lakes Institute of Management, Chennai
- Institute of Rural Management (IRMA), Anand
- Xavier Institute of Management (XIM) Bhubaneswar
- Bharathidasan Institute of Management (BIM), Trichy
- FORE School of Management, New Delhi
- K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
- Lal Bahadur Shastri Institute of Management (LBSIM), Delhi
Top 21-30 MBA Colleges In India 2023 Colleges
- Birla Institute of Management Technology (BIMTECH), Noida
- Birla Institute of Technology & Science (BITS), Pilani
- Institute for Financial Management and Research (IFMR), Chennai
- Loyola Institute of Business Administration (LIBA), Chennai
- Symbiosis Institute of Business Management (SIBM), Bengaluru
- Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru
- T. A. Pai Management Institute (TAPMI), Manipal
- Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
- National Institute of Banking and Management (NIBM), Pune
- University Business School (UBS), Chandigarh
Top 31-55 Best MBA Colleges In India 2023 Ranked Colleges
- Nirma University Institute of Management (NIRMA), Ahmedabad
- Prin. L. N. Welingkar Institute of Management (WE School), Mumbai
- Symbiosis Institute of Management Studies (SIMS), Pune
- Symbiosis Institute of Operations Management (SIOM), Nasik
- SIES College of Management Studies (SIESCOMS), Mumbai
- ICFAI Business School (IBS), Hyderabad
- NL Dalmia Institute of Management Studies, Mumbai
- Symbiosis Center for Information Technology (SCIT), Pune
- Symbiosis Institute of Telecom Management (SITM), Pune
- Xavier Institute of Management and Entrepreneurship (XIME), Bengaluru
- Alliance School of Business, Bengaluru
- Balaji Institute of Modern Management (BIMM), Pune
- IFIM Business School, Bengaluru
- Institute of Management Technology (IMT), Hyderabad
- Institute of Technology & Management (ITM), Navi Mumbai
- Prin. L. N. Welingkar Institute of Management (WE School), Bangalore
- Institute of Management Development and Research (IMDR), Pune
- M. S. Ramaiah Institute of Management, Bengaluru
- MIT School of Management, Pune
- Symbiosis Institute of Business Management (SIBM), Hyderabad
- Symbiosis Institute of Mass Communication (SIMC), Pune
- Symbiosis School of Banking and Finance (SSBF), Pune
- Xavier Institute of Social Service (XISS), Ranchi
- Acharya Institute of Management Studies, Bengaluru
- Indira Institute of Management, Pune
Government Scholarship For MBA Students In India
There are various government scholarships for MBA students that offer full-time management scholarships. Five well-known MBA scholarships available in India are listed below with their eligibility and steps to apply, have a look:
1. Post Graduate Merit Scholarship For University Rank Holder
The scholarship program is at the top of our list of Government Scholarships for MBA Students. The University Grant Commission (UGC) of the Government of India is giving Post Graduate Merit Scholarships to university-rank holders. This program focuses on top and second-place graduates around the country in various graduating courses. The grant is intended to encourage bright students to pursue postgraduate study.
Who all are eligible:
- You must be under 30 years old.
- A post-graduate program at a university (central/state) or one of the deemed universities/private universities/25 independent institutions/non-UGC affiliated colleges is required.
- The prior graduation test must have resulted in a first or second-place finish.
- A bachelor's degree in biological sciences, physical sciences, chemical sciences, earth sciences, mathematical sciences, social sciences, commerce, or language is necessary.
- A minimum grade point average of 60% is necessary for graduation.
How to apply:
- Visit the website NSP.
- Read the guidelines carefully before registering.
- Then, choose your scholarship.
- Fill in the blanks with your basic information.
- Send your scholarship in and keep a copy for future reference.
2. ONGC Foundation Scholarship Scheme for OBCs
The ONGC Foundation Scholarship Scheme is our second top Government Scholarship for MBA students. As part of its CSR strategy, the Oil and Natural Gas Company provides a range of scholarships to OBC and other minority communities. Those who are presently enrolled in the first year of a full-time Engineering/MBBS/MBA/Master in Geology/ Geophysics degree program at a recognized university are eligible to apply for the Foundation Scheme for OBCs.
Eligibility:
- Age should not exceed 30 years.
- Indian nationality is required.
- 1st year engineering graduate/1st year MBA master's degree
- Family income should not exceed Rs. 200,000 per year.
- 60% or above in 12th grade
Reward:
The selected scholars will get a lump sum amount of INR 4,000 per month i.e. INR 48,000 per annum.
How to Apply:
- On the website, https://www.ongcscholar.org/ applicants must complete an online application form.
- To apply for a scholarship, go to the official website and choose the “Apply scholarship” option on the home page.
- Now select “ONGC Scholarship for OBC Category” from the drop-down menu.
- Fill up the needed information.
- After double-checking the form, submit it.
3. Post Graduate Scholarship for Professional Courses for SC/ST
The plan was designed with candidates from the lowest parts of society in mind, with the purpose of giving them the chance to pursue postgraduate courses in professional topics such as engineering, technology, management, and pharmacy in Indian universities, institutes, and colleges.
Eligibility:
- Candidates who have completed their undergraduate studies and have been admitted into the first year of a professional postgraduate program are eligible for this scholarship.
- The applicant must be pursuing a master's degree on a full-time basis.
- The upper age limit for male applications should not exceed 45 years, while the upper age limit for female candidates should not exceed 50 years.
Reward:
Candidates chosen for PG scholarships will get a monthly scholarship of Rs.5000/- (M.Tech) with a contingency grant of Rs.15000/- per year, and a monthly scholarship of Rs.3000/- with a contingency grant of Rs.10,000/- each year for the duration of the PG Scholarship.
How to Apply:
- Only online application forms are available for filling up.
- Students can apply for national scholarships by going to the national scholarship portal.
- To apply online, go to this link.
- Students must click on “New User/ Register” after clicking on this link.
- To register, read over all of the guidelines and then click the proceed button.
- In the registration form, fill in all of the essential information.
4. Merit cum Means Scholarship for Professional and Technical Courses
Moving on, we have the Merit cum Means Scholarship for Professional and Technical Courses on our list of Government Scholarships for MBA Students.
The Scheme's purpose is to give financial assistance to qualified impoverished students from minority groups so that they can pursue professional and technical education.
Eligibility:
- Muslims, Sikhs, Christians, Buddhists, Jain, and Zoroastrians are examples of minority groups (Parsis).
- Students who obtained at least 50% or an equal grade on their last final test will be considered for a scholarship.
- Whose parents/guardians' total yearly income does not exceed Rs.2.50 lakh.
- The candidate must be a student in an Indian government or accredited private university, institute, college, or school.
- The program you are interested in should last at least a year.
Reward:
Rs. 20,000/- per annum, whichever is less, subject to actuals
How to Apply:
- For online application, visit https://scholarships.gov.in
- Search for the scholarship scheme there
- Enter the required details
- Submit before re-checking the added information
5. OPJEMS (O. P. Jindal Engineering & Management Scholarships)
The O.P. Jindal Engineering and Management Scholarships are ranked seventh among government scholarships for MBA students. The Group created these scholarship programs in 2007. (OPJEMS).
These scholarships promote academic and leadership success and are awarded to worthy students who share Shri O. P. Jindal's vision and beliefs, as well as the potential to lead in entrepreneurial accomplishment and innovation.
Eligibility:
- First 10 best performers from each management year- a. First-year students: the college considers entrance exam ratings for admitting students.
- Students in their second, third, and fourth years, depending on their academic results the previous year.
Reward:
INR 1,50,000 for each Management Student
How to Apply:
- Visit the official website: www.opjems.com
- Click on the OPJEMS 2021 Link
- Read all the instructions carefully, and then start filling your application
- Submit the form before re-checking the added information
Government MBA Colleges In Kolkata
Kolkata The capital of legend city of West Bengal is one of India's most sought-after MBA destinations. The top MBA institutions in Kolkata provide top-quality MBA training with top scores. The very first IIM of the nation, IIM Calcutta, was founded in Kolkata. Master of Business Administration or MBA is among the most sought-after postgraduate programs in Kolkata. The two-year program can lead to an abundance of jobs in the business world.
MBA is offered in Kolkata is available through three different MBA schools, which include the IIMs which include IIM Calcutta; AICTE Approved PGDM Colleges such as IMI, MDI, Globsyn, Calcutta Business School and University MBA colleges such as IIFT, IISWBM, XBS, IEM. These management schools are what make Kolkata the most sought-after MBA destination.
A successful MBA professional must have attributes that include excellent leadership, communication managing, problem-solving, analytical, and research-oriented thinking, attention to details, goal-oriented and ability to perform under pressure, with strong math skills, etc.
Top MBA Colleges In Kolkata Highlights
| Parameters | Particulars/Statistics |
|---|---|
| Number of MBA Colleges in Kolkata | 95 |
| Fees | Annual Fee more than 5 lakh- 37% Annual Fee between Rs. 3-5 lakh- 36% Annual Fee between 2-3 lakh- 12% Annual Fee between 1-2 lakh- 7% Annual Fee less than 1 lakh- 8% |
| Top Specialisations | Sales and Marketing, Finance, Human Resources, IT and Systems, Operations, and many more |
| Number of IIMs | One |
In Kolkata, MBA degree is offered across various specializations. Candidates must graduate from recognized institutions/colleges with a minimum passing percentage. The duration of MBA course is two years. The best MBA colleges in Kolkata accept scores obtained by students in numerous national or state-level examinations, including MAT, CAT, JEMAT, CMAT, XAT, ATMA, NMAT, FDDI AIST, etc.
MBA Colleges In Kolkata Eligibility Criteria
The eligibility criteria for MBA course may differ from college to college. However, the basic eligibility criteria for MBA is as follows. The candidates:
- Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time).
- Most of the institutes follow the minimum score criteria in graduation which is 50 per cent in average or equivalent. For reserved category students, the minimum score in 45 percent in aggregate.
- Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.
List Of Top Private And Government MBA Colleges In Kolkata
There are approximately 85 MBA colleges in Kolkata that offer MBA courses, out of these 62 colleges are private, 9 are public and rest are public/private. Here is the list of some of the top private and public MBA colleges in Kolkata:
List Of Private MBA Colleges In Kolkata
| Private Colleges | Course Fee (in Rs) |
|---|---|
| Praxis Business School (PBS), Kolkata | 8.91 L |
| Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata | 75 K - 6 L |
| Adamas University | 5.17 L |
| NSHM Knowledge Campus, Kolkata | 6.15 L |
| Institute of Management Study (IMS), Kolkata | 2.35 L - 3.75 L |
List Of Public/Government Colleges In Kolkata
| Public Colleges | Course Fee (in Rs) |
|---|---|
| Indian Institute of Management (IIM) Calcutta, Kolkata | 16.2 L - 20 L |
| Indian Institute of Foreign Trade (IIFT), Kolkata | 16.25 L |
| Calcutta University | 16.51 K - 1.76 L |
| University of Kalyani (KU), Kolkata | 50 K |
| Footwear Design and Development Institute (FDDI), Kolkata | 5.18 L |
ROI Of Top MBA Colleges In Kolkata
Return on Investment refers to know the benefit of placements divided by the fees paid for the programme. Candidates can know the colleges which has high or low return on investment. It is the major factor for the students to know the institute/college to apply for.
| College Name | Course Fee Rs. | Average Salary (in Rs LPA) |
|---|---|---|
| Indian Institute of Foreign Trade (IIFT) Kolkata | 18.25 Lakhs | 18.01 |
| Indian Institute of Management (IIM) Calcutta | 20 - 24 Lakhs | 25.36 |
| International Management Institute (IMI) Kolkata | 13 Lakhs | 6.90 |
| Management Development Institute (MDI) Murshidabad | 10.42 Lakhs | 9.03 |
| Indian Institute of Social Welfare & Business Management (IISWBM), Kolkata | 75k-6 Lakhs | 5.80 |
| Praxis Business School | 8.91 Lakhs | 9.42 |
| IEM Kolkata | 6.9 Lakhs | 5.7 |
Government MBA Colleges In Delhi
When compared to other places, MBA in Delhi provides an outstanding learning experience with high placements. In Delhi, there are over 130 MBA institutions.
There are around 16 government institutions and 69 privately operated colleges among these. The bulk of MBA programs in Delhi are offered by private universities.
MBA Colleges In Delhi Highlights
Refer to the table below to know some of the highlights for MBA colleges in Delhi.
| Parameters | Particulars/Statistics |
|---|---|
| No. of MBA colleges in Delhi | Approximately 130 Delhi MBA Colleges |
| Fees | -Annual Fees < Rs 1 lakh: 10% -Annual Fess > Rs 5 lakh: 37% |
| Top Specialisations | MBA in Finance, MBA in Sales and Marketing, MBA in HR, MBA in Healthcare and Hospital, MBA in Operations, MBA in International Business, MBA in Business Analytics |
When it comes to MBA programs, Delhi is one of the most popular destinations. With the position of a National Capital and an active corporate interface, the mood and wave it provides are very appropriate and distinct. The following are some important reasons why Delhi is one of the most sought-after educational destinations:
The capital city is home to a number of uncontested top MBA schools. In addition to a number of top MBA programs, Delhi provides industry contacts due to the presence of a big number of Fortune 500 organizations. Students can also pick from a variety of MBA specializations provided by these universities.
Top MBA institutions in Delhi accept marks from a variety of national and state-level examinations. The most common qualifying test for admittance to MBA programs in Delhi is the CAT. This test is followed by others like MAT, XAT, CMAT, ATMA, MAH CET, SNAP, MHT CET, NMAT, ICAR AIEEA, and so on.
MBA Colleges In Delhi Eligibility Criteria
The eligibility criteria for MBA courses may differ from one college to another. However, the basic eligibility criteria for MBA are as follows:
- Candidates must have passed graduation in any discipline or equivalent from a recognised university or institute.
- Most of the institutes follow the minimum score criteria in graduation which is 50% aggregate or equivalent CGPA. For reserved category students, the minimum score is 45% in aggregate or equivalent CGPA. However, this may vary from one institute to another.
- Final-year graduation students are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.
List Of Top Private And Government MBA Colleges In Delhi
Private MBA Colleges In Delhi
Refer to the table below to know the top private MBA colleges in Delhi with fees:
| Name of the Institute | Course Fee (in Rs) |
|---|---|
| International Institute of Health Management Research | 7.25 Lakhs |
| International College of Financial Planning (ICOFP) | 7.2 Lakhs |
| JIMS Kalkaji | 7.95 Lakhs |
| IMI Delhi | 17.68 Lakhs |
| Lal Bahadur Shastri Institute of Management | 11.67 Lakhs |
Government MBA Colleges In Delhi
Refer to the table below to know the top government/public MBA colleges in Delhi with fees:
| Name of The Institute | Course Fees (in Rs) |
|---|---|
| Department of Management Studies, IIT Delhi | 8.8-9.6 Lakhs |
| Indian Institute of Foreign Trade | 18.24 Lakhs |
| Jamia Milia Islamia | 47K-1.3 Lakhs |
| Faculty of Management Studies | 1.92 Lakhs |
| Delhi School of Management, DTU | 3.96 Lakhs |
Top 10 Government MBA Colleges In Mumbai
Tabulated below is the list of the top 10 MBA colleges in Mumbai along with their average annual fees:
| Name Of The College | Average Annual Fees |
|---|---|
| Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai | INR 6,91,000 |
| National Institute of Industrial Engineering - [NITIE], Mumbai | INR 7,03,000 |
| IIT Bombay - Indian Institute of Technology - [IITB], Mumbai | INR 50,400 |
| Mumbai University - [MU], Mumbai | INR 55,000 |
| Shreemati Nathibai Damodar Thackersey Women's University - [SNDT], Mumbai | INR 1,00,905 |
| Hansraj Jivandas College of Education, Mumbai | INR 6,600 |
| Thakur Institute of Management Studies and Research - [TIMSR] Mumbai | INR 63,791 |
| Vikas Night College of Arts Science and Commerce, Mumbai | - |
| Thakur Global Business School - [TGBS], Mumbai | INR 4,80,000 |
| Sasmira The Synthetic and Art Silk Mills Research Association - [SASMIRA], Mumbai | INR 1,99,000 |
Top MBA Colleges In Mumbai: NIRF Ranking 2021
NIRF (National Institutional Ranking Framework) is the premier ranking agency in India and is run by the NIRF (National Institutional Ranking Framework) is the top rating agency for India and is managed through the Ministry of HRD, Government of India. It is the authority to publish the ranking lists for various colleges in India separated into eight categories.
- IIT Bombay has been ranked as the top MBA school located in Mumbai in the country by NIRF. The college has been awarded an 11th place ranking within India by the nation's organization for ranking in the year 2021.
- While the school is rated as the top in Mumbai however, it has experienced the loss of 1 spot in its standing when compared to 2022.
- Some other schools in Mumbai which are ranked by NIRF include SP Jain, NITIE, Narsee Monjee, and KJ Somaiya.
- The most impressive improvement in these colleges was demonstrated by NITIE Mumbai, which has shot up 17 places. NITIE Mumbai saw a decrease of 15 places this year.
| NIRF 2021 Ranking | College Name | NIRF Score |
|---|---|---|
| 10 | Indian Institute of Technology Bombay | 68.08 |
| 12 | National Institute of Industrial Engineering, Mumbai | 64.52 |
| 19 | S. P. Jain Institute of Management & Research | 58.73 |
| 22 | SVKM's Narsee Monjee Institute of Management Studies | 57.53 |
| 56 | K.J.Somaiya Institute Of Management | 46.68 |
| 72 | Principal L N Welingkar Institute of Management Development and Research | 43.73 |
Top MBA Colleges in Mumbai: India Today Ranking
| College Name | India Today Ranking 2022 |
|---|---|
| SP Jain Institute of Management and Research (SPJIMR) | 4 |
| Narsee Monjee Institute of Management Studies (NMIMS) | 9 |
| National Institute of Industrial Engineering (NITIE) | 11 |
| K J Somaiya Institute of Management Studies and Research (KJ SIMSR) | 25 |
| L N Welingkar Institute of Management Development and Research | 33 |
| Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) | 39 |
| N L Dalmia Institute of Management Studies and Research | 80 |
| Universal Business School | 86 |
| IES Management College and Research Center | 144 |
| Atharva Institute of Management Studies | 171 |
SPJIMR Mumbai has been ranked as the best MBA college in Mumbai by India Today survey. It has been given a rank of 4 among all the top management colleges in India.
- Othe popular MBA colleges in the city like Narsee Monjee, NITIE and KJ Somaiya have also been included in this list and are also ranked among the top 25 MBA colleges in India.
- NITIE Mumbai, which wasn’t included in the list last year, is ranked at 11th position in India now.
- IES Management College and Research Center still ranks at 144th position, but it has shown a tremendous improvement of 24 ranks.
Top Government MBA Colleges In India With NIRF Ranking 2023
The Indian government's Ministry of Education implements an annual ranking system called NIRF (National Institutional Ranking Framework). It evaluates and ranks higher education institutions in India based on various factors, including teaching, learning, research, graduation outcomes, and perception.
NIRF rankings assess institutions across a wide range of disciplines, including MBA programs.
Below you can check the Top Government MBA Colleges in India with NIRF Ranking from past three years, i.e. from 2022 & 2023 are mentioned below:
MBA Colleges With Low Fee: Admission 2022 Open
The MBA colleges with low fee as shared below are open with their admission process 2022. They offer University MBA with low fee. Most of these MBA colleges with low fee are keeping their fee level for 2022-24 batch at last year level with a negligible or no increase in fee. Last year due to Covid pandemic, AICTE had also released guidelines to all the management institutes not to hike fee. Accordingly, there is no fee hike in MBA programmes offered by these low fee MBA colleges in India.
| MBA College | Fees (Rupees) | Admission Status |
|---|---|---|
| VIT Business School Vellore | 7,02,000 | Open |
| Chandragupt Institute of Management Patna | 7,65,000 | Open |
| IMS Ghaziabad | 7,95,000 | Open |
| VJIM Hyderabad | 7,50,000 | Open |
| JIMS Rohini Delhi | 7,95,000 | Open |
| SCMS Cochin | 7,50,000 | Open |
| GBS Kolkata | 7,95,000 | Open |
| Jaipuria School of Business, Ghaziabad | 7,50,000 | Open |
| Firebird Institute of Research in Management Coimbatore | 4,80,000 | Open |
| K R Mangalam University Delhi | 2,60,000 | Open |
| St. Kabir Institute of Professional Studies Ahmedabad | 4,95,000 | Open |
| SRM University Chennai | 5,00,000 | Open |
| IMS Ghaziabad (University Courses Campus) | 5,48,500 | Open |
| Pune Business School | 5,50,000 | Open |
| NSB Academy Bangalore | 7,10,000 | Open |
| MITCON Pune | 5,25,000 | Open |
Other Top MBA Colleges In India With Low Fees: Many Have Closed Admission
Among the top MBA institutions with inexpensive fees, Faculty of Management Studies (FMS) Delhi University is the best. The following are some of the best low-cost MBA programs in India:
| Top MBA College With Low Fees | Programme Fee |
|---|---|
| Faculty of Management Studies (FMS) Delhi – University of Delhi | Rs.1,94,000 |
| Delhi School of Economics, Delhi University | Rs.32,000 |
| GGSIPU, Delhi | Rs.59,000 |
| PUMBA, Pune | Rs.1,34,000 |
| SIMSREE, Mumbai | Rs.1,36,000 |
| Jamna Lal Bajaj Institute of Management Studies (JBIMS) | Rs.6,00,000 |
| BITS Pilani | Rs.9,00,00 |
| UBS Chandigarh-Panjab University | Rs.38,000 |
Other Prominent MBA Colleges With Low Fee
Apart from the above top MBA colleges with low fee are other top MBA colleges in India with low fee. Some of these MBA colleges with low fee are:
| MBA College With Low Fees | Programme Fee |
|---|---|
| Ambedkar University, Delhi | Rs.2,99,880 |
| Delhi Technical University (Formerly Delhi College of Engg.) | Rs.3,56,000 |
| NITIE Mumbai | Rs.14,63,000/- |
| SJMSOM-IIT Bombay | Rs.10,08,000/- |
| DoMS-IIT Delhi | Rs. 9,60,000/- |
IIMs With Low Fee MBA
Although the MBA cost at IIMs is relatively exorbitant in comparison to other MBA institutions in India, there are several IIMs that provide low-fee MBA programs. While IIM Ahmedabad, Bangalore, and Calcutta have cost structures ranging from 21 lakhs to 24 lakhs, certain IIMs offer MBA programs for between Rs.10 Lakhs and Rs.15 Lakhs.
The IIMs that provide cheap charge MBAs are also among the best MBA schools with low fees. The following are some of the IIMs that offer low-cost MBA programs:
| IIMs With Low Fee MBA | MBA Fee Structure |
|---|---|
| IIM Amritsar | Rs.13,20,000 |
| IIM Bodhgaya | Rs.12,95,000 |
| IIM Jammu | Rs.14,82,000 |
| IIM Nagpur | Rs.13,75,000 |
| IIM Raipur | Rs.14,21,000 |
| IIM Rohtak | Rs.16,65.000 |
| IIM Tiruchirappalli | Rs.16,50,000 |
| IIM Udaipur | Rs.18,65,000 |
| IIM Sirmaur | Rs.11,75,000 |
| IIM Sambalpur | Rs.13,03,000 |
| IIM Visakhapatnam | Rs.14,33,000 |
IIM Visakhapatnam
Location - Visakhapatnam, Andhra PradeshMBA
18.25 Lakhs
IIM Sirmaur
Location - Sirmaur, Himachal PradeshMBA
16 Lakhs
IIM Sambalpur
Location - Sambalpur, OdishaMBA
13.07 Lakhs
MBA With Low Fee In Bangalore
MBA programs are available in colleges associated with Bangalore University or Visvesvaraya Technical University (VTU), Bangalore.
All of these top MBA institutions in Bangalore provide low-cost MBA programs through their affiliation with the Bangalore University MBA program. Visvesvaraya Technical University (VTU), Bangalore affiliated colleges also offer MBA with low fee.
| University MBA With Low Fees | Programme Fee | Entrance Exam Accepted |
|---|---|---|
| Bangalore University | Rs. 66,000 to 75,000 | PGCET & Other National Exams |
| Visvesvaraya Technical University (VTU), Bangalore | Rs. 56,000 to 65,000 | PGCET & Other National Exam |
The cost structure for Karnataka domicile and All India category applicants enrolling for the Bangalore University or VTU MBA degrees provided by university-affiliated MBA institutes, however, differs. MBA fees at MBA institutes are quite affordable for Karnataka domicile applicants, while they are more for All India candidates.
Top Government MBA Colleges In India
Although the IIMs are autonomous institutions, they fall under the category of government institutions as they are regulated and monitored by a panel appointed by the Ministry of Education. Check below, the top 10 government MBA colleges in India as per National Institute Ranking Framework (NIRF) rankings 2021:
Top Government MBA Colleges In India
The table below shows the best 30 government MBA colleges in India along with their total tuition fee:
| College Name | Top Government MBA Colleges In India With Fee |
|---|---|
| IIM Ahmedabad Admission | INR 18.19 Lakh |
| IIM Bangalore Admission | INR 24.50 Lakh |
| IIM Calcutta Admission | INR 25 Lakh |
| IIM Lucknow Admission | INR 12.60 Lakh |
| IIM Indore Admission | INR 22.60 Lakh |
| IIM Kozhikode Admission | INR 20.50 Lakh |
Top Government MBA Colleges In India: Admission Process and Fees
MBA admission includes Group Discussion (GD), Written Ability Test (WAT) and Personal Interview (PI). Given below is the table indicating top government colleges in India and their selection criteria as well as course fee:
| Top MBA College | Selection Criteria And CutOffs | MBA Course Fee |
|---|---|---|
| Indian Institute of Management Ahmedabad | CAT + WAT and PI 99 percentile | INR 23 Lakh |
| Indian Institute of Management Bangalore | CAT + WAT and PI 99 percentile | INR 23 Lakh |
| Indian Institute of Management Calcutta | CAT + WAT and PI 99 percentile | INR 23 Lakh |
| Indian Institute of Management Kozhikode | CAT + WAT and PI 99 percentile | INR 19.00 Lakh |
| IIT Delhi – Department of Management Studies | CAT + GD, WAT and PI 90 percentile | INR 9.60 Lakh |
| Indian Institute of Management Indore | CAT + WAT and PI 98-99 percentile | INR 17.07 Lakh |
| IIT Delhi – Department of Management Studies | CAT + WAT and PI 98-99 percentile | INR 19.00 Lakh |
| IIT Kharagpur-VGSOM | CAT + GD, WAT and PI 90 percentile | INR 10.30 Lakh |
| IIT Bombay-SJMSOM | CAT + GD, WAT and PI 90 percentile | INR 8.67 Lakh |
| IIT Madras-Department of Management Studies | CAT + GD, WAT and PI 90 percentile | INR 6.91 Lakh |
People Also Ask -
Top Government MBA Colleges in India with Low Fees
Q. Are there any government MBA colleges in India?
Ans. Government MBA Colleges in India 2022
- FMS Delhi - Faculty of Management Studies University of Delhi.
- JBIMS Mumbai - Jamnalal Bajaj Institute of Management Studies.
- PUMBA Pune - Department of Management Sciences Savitribai Phule Pune University.
- IIM Bangalore - Indian Institute of Management.
Q. Which is the best Government College for MBA in India?
Ans. Top government MBA colleges in India include the IIMs and IITs.
Top Government MBA Colleges in India.
| Top MBA Colleges | NIRF Rankings 2021 |
|---|---|
| Indian Institute of Management Ahmedabad | 1 |
| Indian Institute of Management Bangalore | 2 |
| Indian Institute of Management Calcutta | 3 |
Q. Which is the cheapest college for MBA in India?
Ans. Cheapest colleges to study MBA courses in India - Placement
| Name Of The College | Average/Median Salary (in Rs.) |
|---|---|
| Delhi School of Economics, DU | - |
| Tata Institute of Social Sciences (TISS), Mumbai | Rs. 4.80 Lakhs |
| Pune University Department of Management Sciences (PUMBA) | - |
| FMS BHU | Rs. 7.20 Lakhs |
Q. Which college is best for MBA low fees?
Ans. Register now for latest MBA Exam & Admissions Updates, contact Formfees for the latest updates
| Top MBA College With Low Fees | Program Fee |
|---|---|
| SIMSREE, Mumbai | Rs. 1,36,000 |
| Jamna Lal Bajaj Institute of Management Studies (JBIMS) | Rs. 6,00,000 |
| BITS Pilani | Rs. 9,00,00 |
| UBS Chandigarh-Panjab University | Rs. 38,000 |
Entry Exams For Admission To Top Government MBA Colleges In India
CAT is one of India's most popular management entrance exams. It is administered by IIMs to allow admission to top IIMs, as well as other top B-schools in India. It is usually conducted in the last week or so of November. To select the best colleges MBA colleges in India, they use the CAT score.
IIFT is another common management entrance test that is administered by the National Testing Agency to determine eligibility for admission to MBA IB (International Business).
Many top Indian government MBA colleges also accept /MAT scores. It is done four times a year to be eligible for admission into more than 500 B-Schools in India.
Common MBA Courses in India
- Marketing and Sales
- Human Resource Management
- Banking and Finance
- International Business
Q. What is the placement assistance offered by Top Government MBA Colleges of India?
Ans. It is not surprising that every year, many candidates take entrance exams in an attempt to gain admission to top Indian government MBA colleges. The colleges offer excellent placements and a wide range of professional opportunities. IIMs are well-known for their placement support. The median package IIM Ahmedabad students receive is 22.80 LPA, according to statistics from previous years. Excellent support is also available at other Indian government MBA colleges.
- Top MBA Colleges with Low Fees: India's Lowest Fee MBA colleges are the high RoI Management Institutes
- Top MBA colleges in India with Low fees charge a fee from Rs. 50,000 to Rs. 10 Lakhs for 2-year full-time residential MBA or PGDM programme. Other prominent MBA institutions, such as IIMs, XLRI, MDI, and SPJIMR, charge fees ranging from Rs.17 lakhs to Rs.24 lakhs.
Some of the best B-schools in India offering low-cost MBA programs are associated with or management departments of Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To gain admission to top MBA schools with inexpensive tuition, you must do well on an entrance test such as the CAT/XAT/CMAT/MAH CET and have great academic/work experience. There are over 3,500 MBA colleges in India, so choosing the right one can be a difficult task. tier 2 colleges in India are also worth considering in addition to Tier 1 institutions that are highly ranked in India. MBA in finance Mumbai colleges fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 52.8 Lakhs with an average annual salary of ₹ 2.8 Lakhs.
Admission for MBA in Mumbai is done on the basis of an entrance exam in top universities. Candidates must sit for a national, state, or universitylevel entrance exam such as CAT, XAT, etc to seek admission to the MBA course for the academic year 2022-2024. This includes the Best MBA colleges in Mumbai for finance
- BITS School of Management (BITSoM) Powai, Mumbai.
- GNVS Institute of ManagementSion, Mumbai.
- Chetana's Institute of Management and Research Bandra East, Mumbai.
- SP Jain School of Global ManagementKurla West, Mumbai.
- Indira Institute of Business ManagementNavi Mumbai, Mumbai
There are plenty of colleges with lower fees for mba in Mumbai and There are some MBA colleges that charge a bit higher fees like SPJIMR, NMIMS
Some insights of colleges from other regions as well: Fee Structure For MBA in Government Colleges
Fees of MBA courses in government colleges are low. The fees in those government colleges are listed here.
| Colleges | Annual Fees |
|---|---|
| Jamia Millia Islamia University, New Delhi | INR 65,100 |
| University of Delhi, Faculty of Management Studies, New Delhi | INR 96,000 |
| Institute of Management Studies, Banaras Hindu University, Varanasi | INR 1,20,767 |
| Department of Management Studies, Anna University, Chennai | INR 20,500 |
| Pondicherry University, Pondicherry | INR 74,718 |
| University of Jammu, Jammu | INR 78,071 |
| Maharaja Sayajirao University of Baroda, Vadodara | INR 14,500 |
| Ganpat University, Mehsana | INR 95,000 |
| RKDF University, Bhopal | INR 50,000 |
| Department of Management Science, Savitribai Phule Pune University, Pune | INR 66,194 |
Q. How can I get a scholarship for MBA in India?
Ans. MBA in India is one of the most popular degrees, ensuring students a successful career. For millions of students, it is more than just a diploma. It is a fantasy that will never be realized due to the exorbitant price involved. Given the high cost of the degree, government schools and the government are developing government scholarships for MBA students in India in order to give financial aid to worthy students through MBA scholarships in India.
Five well-known MBA scholarships available in India are listed below with their eligibility and steps to apply, have a look:
- Post Graduate Merit Scholarship For University Rank Holder.
- ONGC Foundation Scholarship Scheme for OBCs.
- Post Graduate Scholarship for Professional Courses for SC/ST.
- Merit cum Means Scholarship for Professional and Technical Courses
- OPJEMS (O. P. Jindal Engineering & Management Scholarships)
Frequently Asked Questions about Top Government MBA Colleges In India 2023
1. Are there any government MBA colleges in India?
Ans. National Institute of Industrial Engineering, Mumbai, Department of Management Studies, Indian Institute of Technology, Delhi, JBIMS (Jamnalal Bajaj Institute of Management Studies, Mumbai), and Department of Management Studies, Indian Institute of Science, Bangalore are some other top government MBA colleges in India.
2. Which government MBA college has the best placement?
Ans. Top government MBA colleges in India according to placements
- Indian Institute of Management. Ahmadabad.
- Indian Institute of Management. Bangalore.
- Indian Institute of Management. Calcutta.
- Indian Institute of Management. Lucknow.
- FMS. Delhi.
3. Is it good to do an MBA from Government College?
Ans. MBA can be equally beneficial even if done from private colleges provided that you have chosen one from the A-list. If you pursue MBA from a government college like IIMs you hold the reputation for the rest of your life. There are many students who get the same package from Tier-1 private colleges as the IIMs.
4. Why are MBA fees so high?
Ans. Many programs incorporate the costs of international business trips, real-world consulting projects, and other experiences into their fees. Equally, organizing career fairs, workshops, and coaching makes providing an MBA an expensive endeavor for schools.
5. Is IIM government or private?
Ans. The Indian Institutes of Management (IIMs) are central government-owned-public business schools for management profession offering undergraduate, postgraduate, doctoral and executive programmes along with some additional courses in the field of business administration.
6. What is the annual fees of MBA?
Ans. MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another. MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh.
7. Which MBA Specialisation is best?
Ans. Top 8 MBA Specialisation in India 2022
- MBA in Marketing Management.
- MBA in Financial Management.
- MBA in Human Resource Management.
- MBA in International Business.
- MBA in Logistics Management.
- MBA in Supply Chain Management.
- MBA in Enterprise Management.
- MBA in Artificial Intelligence.
8. Between a private and a government MBA college, which is better?
Ans. Any MBA college which is UGC recognized and AICTE is approved is good, because they offer the latest curriculum. However, between private and government colleges, it is upto the candidate to decided which MBA college to choose. While private institutions have better infrastructure, government institutions charge low fees.
9. Which is best institute for MBA in India?
Ans. IIM Bangalore is ranked No 1 B-school in India. IIM Ahmedabad and IIM Calcutta are ranked No 2 & 3 respectively. In spite of stiff competition from IIMs, Top PGDM B-schools XLRI, SPJIMR, MDI, NMIMS, IMT and IMI have held on to their leadership.
10. Which MBA has best placement?
Ans. Top MBA Colleges in India According to the Placements
| #Rank | Name Of The College | Number Of Companies Visited |
|---|---|---|
| 1. | IIM Ahmedabad | 125 |
| 2. | IIM Bangalore | 135 |
| 3. | IIM Calcutta | 393 |
| 4. | FMS Delhi | 93 |
11. Which MBA college gives the highest salary in India?
Ans. Best Placement MBA Colleges in India
| Business School | Placement 2019 Average Salary | Placement 2018 Average Salary |
|---|---|---|
| IIM Bodhgaya | 10.90 | 10.60 |
| FORE New Delhi | 10.80 | 10.40 |
| IIM Sirmaur | 9.20 | 12.00 |
| SDMIMD Mysore | 7.14 | 6.94 |
12. Which MBA has the highest salary?
Ans. Top 10 Highest-Paying MBA Concentrations
- Finance.
- Marketing.
- Information Technology.
- Information Security.
- Human Resources.
- Healthcare Management.
- Real Estate.
- International Business.
Reviews
MBA is one of the most popular postgraduate programmes in India. The two-year programme is a gateway to multiple managerial-level job opportunities such as Finance Manager, Sales Manager, Marketing Manager, etc. This course curriculum is designed to impart knowledge related to the operations of a business and managing the business operations.
Conclusion
90 percent of the MBA colleges in India are run as private colleges while seven per cent are run by the Government. So if a candidate wants to study in government MBA colleges, so they have to study harder because competition is very tough.