Admissions, Ranking, and Fees to India’s Top MBA Colleges 2022

Ranking, Fees, and Admissions to India’s Top MBA Colleges in 2022

According to the MHRD-NIRF rankings for 2021, the Top 10 MBA Colleges in India 2022 are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Indore. According to the NIRF rankings as well as other B-school surveys such as India Today, Outlook, and Business Today, XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management, and Department of Management Studies of the IITs are among the best MBA colleges in India.

A couple of India’s top MBA colleges are also consistently listed among the best in the world. For example, the ISB was ranked sixth in Bloomberg Businessweek’s Asia-Pacific B-Schools list.

In the current Financial Times Masters in Management (MiM) Rankings 2021, IIM Ahmedabad, IIM Bangalore, and SPJIMR were also listed among the top 50 global institutes. IIM Ahmedabad is in 26th place, SPJIMR is in 39th place, and IIM Bangalore is in 47th place. Read on to learn everything there is to know about MBA rankings and the finest MBA colleges in India.

Top 10 MBA Colleges in India 2022: Highlights

ParametersParticulars
No. of MBA Colleges in India5,000 (Approximately)
Fees-Annual fee < Rs 10 lakh: 6%
- Annual fee >Rs 10 lakh: 94%
Top SpecialisationsGeneral Management, Marketing, Operations, Sales, Business Analytics, Human Resources, Finance, Digital Marketing, Information Technology, Event Management & PR and Travel & Tourism
Admission ProcessEntrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP
Top 10 MBA Colleges in India 2022 IIMs, SPJIMR, XLRI, MDI, IMT, IIT-DoMs, SIBM, etc.

The two-year MBA degree can lead to a variety of professional and business options. This course gives information and skills in business administration and operations, which are critical for the successful operation of a corporation. Individuals’ communication skills and leadership qualities are also developed through the MBA programme.

MBA programmes are open to students from all disciplines, including science, business, and humanities. The full-time MBA, which incorporates theory classes, practical projects, and internships, is the most popular of all. A full-time MBA is ideal for recent graduates as well as those with a few years of professional experience. In India, there are approximately 5,000 MBA institutes that provide courses in a variety of specialisations. Some B-Schools provide an MBA degree, while others provide a postgraduate diploma (PGDM/PGPM).

India’s MBA Colleges Criteria for Eligibility

  • The MBA programme requires a diploma or equivalent from a recognised university; however, the minimum score needed for specialty specialisations may differ.
  • As a basic eligibility condition for MBA candidates, they must have graduated from a recognised university with a bachelor’s degree in any discipline or equivalent (full-time)
  • Most institutes adhere to the AICTE’s graduation minimum score criteria, which is 50% aggregate or equivalent with a 5% relaxation for students from underrepresented groups.
  • MBA is also open to holders of professional degrees such as MBBS, CA, CS, and ICWAI, among others.

Top 10 MBA Colleges in India 2022, both private and public

India has over 3,000 private MBA colleges, over 500 public/government MBA colleges, and around 70 public private MBA colleges.

Top Private MBA colleges India

Private CollegesCourse Fee (in Rs)
XLRI Xavier School of Management, Jamshedpur23.60 L
MDI Gurgaon21.34 L
NITIE, Mumbai11.33 L
SPJIMR, Mumbai17.87 L
Symbiosis Institute of Business Management, Pune10.20 L
SVKM’s Narsee Monjee Institute of Management Studies10.42 L
Great Lakes Institute of Management, Chennai11.81 L
Indian Institute of Foreign Trade, Delhi8.85 L
International Management Institute, Delhi18.34 L
ICFAI Business School, Hyderabad14.14 

Top Government MBA colleges India

Public CollegesCourse Fee (in Rs)
IIM Ahmedabad23.00 L
IIM Bangalore18.70 L
IIM Calcutta10.10 L
IIM Kozhikode20.50 L
IIT Delhi-DoMS8.80 L
IIM Indore17.06 L
IIM Lucknow5.69 L
IIT Kharagpur-VGSOM9.26 L
IIT Bombay-SJMSOM8.67 L
IIT Madras-DoMS8.00 L
Name of the CollegeAverage Annual Fee (in Rs)Average Placement Package (in Rs)
IIM Ahmedabad23 L26 LPA
IIM Bangalore23 L25 LPA
IIM Calcutta23 L27 LPA
IIM Kozhikode20 L22.50 LPA
IIT Delhi9.6 L18.47 LPA
IIM Indore15 L22.92 LPA
IIM Lucknow19 L24.25 LPA
XLRI Jamshedpur23 L18.80 LPA
IIT Kharagpur10 L18.00 LPA
IIT Bombay8.67 L21.96 LPA

SPJIMR Mumbai

SPJIMR Mumbai is a private management institution that was ranked #19 by the NIRF in 2021 and #151–200 in the QS World University Rankings in 2022. The Bharatiya Vidhya Bhawan’s SP Jain Institute of Management is accredited by NBA, UGC, and AACSB (Association of Advance Collegiate Schools of Business). Full-time residential programmes such as the PGDM, PGPM, GMP (Global Management Program), PGMPW (Post Graduate Management Program for Women), and FPM are available at the college. Five courses in family business management, two entrepreneurship programmes, two global programmes, one executive programme, and three social sector programmes are available at the college. At the Mumbai campus, SPJIMR offers the PGEMP executive management programme, while at the Delhi campus, the PGPGM programme is available. Check out SP Jain Courses for more information.

Placement:-

Over 75 new recruiters participated in the placement campaign, offering an average package totaling INR. 26.06. LPA. SP Jain Institute of Management and Research Mumbai, also known as SPJIMR, revealed its 2021 placement report for the PGDM batch in a record period of two days.

ParticularsPlacement Statistics(2019-20)Placement Statistics (2020-21)
No. of Companies visited170+150+
Highest CTC (Domestic)INR 38.57 LPAINR 34.72 LPA
Highest CTC (International)INR 58.61 LPA-
CTC of Top 50 Students-INR 25.16 LPA
CTC of Top 100 Students-INR 22.89 LPA
CTC of Top 150 Students-INR 21.55 LPA
CTC of Top 200 Students-INR 20.16 LPA
Average CTCINR 18.33 LPAINR 18.45 LPA
Major SectorsIT, analytics, Consulting, Start up & E-CommerceIT, analytics, Consulting, Start up & E-Commerce
Top RecruitersAbbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, castrol etcAdidas, Asian Paints, GE, L&T, Aditya Birla Group, Max Life Insurance, CRISIL, Accenture, Amazon etc

ICFAI Business School (IBS Hyderabad)

ICFAI Business School (IBS Hyderabad) is a well-known business school that offers a variety of undergraduate, postgraduate, and doctoral courses to both national and international students, including BBA, M.B.A., and Ph.D. These courses are taught by a team of 191 academic staff members that are highly skilled and experienced in the domains of management, commerce, arts, and science.

Placements:-

IBS Hyderabad, also known as ICFAI Business School, is one of the country’s top business schools. The institute had a recruitment campaign for the academic year 2020-21. CTC packets were inserted in 93 percent of the overall batch. During the ISB Hyderabad campus’s placement campaign, around 149 firms came to visit. The recruiters were able to place a total of 821 kids.

ParticularsPlacements Statistics (2019-20)Placements Statistics (2020-21)
No. of Recruiting companies participated -149+
Total Number of Students -1190
Number of Students Placed-821
Percentage of students placed0.960.93
Highest CTC (International)INR 50.23 LPAINR 50.23 LPA
Highest CTC (Domestic)INR 16.05 LPAINR 15.89 LPA
Average CTCINR 7.32 LPAINR 7.97 LPA

National Institute of Industrial Engineering (NITIE)

The National Institute of Industrial Engineering (NITIE) is a postgraduate Public Management institute in Mumbai that was founded in 1963. According to the NIRF 2021 ranking, NITIE Mumbai is ranked 12th among the top 15 B-Schools. The college’s most well-known MBA programmes are the PGDIM and PGDISEM, both of which last two years. Furthermore, the school annually trains over 2000 professionals in various fields of Industrial Engineering & Management through its several week-long Management Development Programs (MDPs) and unit-based programmes (UBPs). Admissions to PGDSM/PGDISEM are based on CAT, GATE, GMAT, and GRE scores, followed by personal interviews. Candidates are shortlisted for FPM Admissions through a writing skill exam at the institute, followed by a research presentation and a personal interview. NITIE Mumbai Courses can be found here.

Batch2019-21
Total Number of Recruiters143
First Time Recruiters43
Students Participating268
Highest SalaryINR 44 LPA
Average SalaryINR 20.85 LPA
Median SalaryINR 19.20 LPA
Top 10% Students Average SalaryINR 37.38 LPA
Top 20% Students Average SalaryINR 32.92 LPA
PPOs43% Students
Major SectorsConsulting and Analytics
Top RecruitersEY, IDFC First, ETLI

Indian Institute of Management in Bangalore

IIM Bangalore is the country’s second-best NIRF-rated business school and is often recognized as Central Asia’s best management school. IIM Bangalore provides a variety of management degree programmes, including a one-year Executive MBA programme, a two-year weekend MBA programme or PGPEM, a PGP in Public Policy Management, an MBA in Business Analytics, and a PhD.

Placements:-

The Indian Institute of Management in Bangalore is recognized as one of India’s and Central Asia’s premier business schools. The institute is well-known for its high return on investment, in addition to its excellent learning environment. IIM Bangalore’s flagship MBA programme costs around INR. 23 LPA, while the average CTC earned by its students frequently exceeds INR. 25 LPA, with the highest CTC offered by Bloomberg at INR 80 LPA.

ParticularsPlacement Statistics (2018-20)Placement Statistcs (2019-21)
Number of Eligible Students441525
Number of Offers446532
Number of Offers Accepted437517
Number of Companies Participated146150
PPOs Offered216193
PPOs Accepted149110
Highest CTC-INR 80 LPA
Average Domestic CTC (PGP)INR 26.18 LPAINR 28.98 LPA
Median Domestic CTC (PGP)INR 25 LPAINR 28.6 LPA
Top SectorsManagement Consulting and Marketing & SalesConsulting and General Management
Top RecruitersAmazon, Goldman Sachs, MicrosoftAmazon, Accenture Strategy, Bain & Company

Indian Institute of Management Raipur

The Indian Institute of Management Raipur, or IIM Raipur, was founded by the Indian government in 2010 and is now a self-contained business school. In the Government of India’s NIRF Top Management Colleges Ranking for 2021, the college is ranked 15th. The full-time MBA programme, which lasts two years, is IIM Raipur’s most well-known programme. Because the CAT 2021 Result has been declared, the admission process for IIM Raipur is scheduled to begin soon.

In the Times Annual B School Ranking Survey for 2021, Indian Institute of Management (IIM) Raipur was placed second in India. Every year, IIM Raipur has a solid placement record. During the placements drive this year, all of the students were placed.

Placements:-

This year, the highest CTC was INR 30 LPA, the average CTC was INR 15.11 LPA, and the median CTC was INR 14.80 LPA.

During the IIM Raipur Placements 2021, more than 140 recruiters visited the campus, including 60+ new recruiters. The top recruiters included 10K Startups India, Infosys, Aakash, Accenture, L&T, Amara Raja Group, Axis Bank, BYJU’s, Clear Tax, and others.

ParticularsPlacement Statistics (2018-20)Placement Statistics (2019-21)
No. of Students registered for Placements191245
No. of Students Placed191245
No. of Recruiting Companies visited150+140+
No. of New Recruiters50+60+
Highest CTCINR 46 LPAINR 30 LPA
Average CTC (Top 25%)INR 21.28 LPAINR 20.61 LPA
Average CTC (Top 50%)INR 18.72 LPAINR 18.53 LPA
Average CTC (Overall)INR 15.20 LPAINR 15.11 LPA
Median CTCINR 14.78 LPAINR 14.80 LPA
Top DomainsBFSI and Strategy & ConsultingIT/ITES and BFSI
Top Job RolesSales & Marketing and Analytics & ConsultingSales & Marketing and Analytics & Consulting
Top RecruitersIBM, HDFC Bank, TATA Steel10K Startups India, Infosys, Aakash, Accenture, L&T, Amara Raja Group, Axis Bank, BYJU’s

How much does it cost to pursue MBA in India?

According to the pie chart below, getting an MBA from one of India’s top-rated universities is modestly costly. The top ten MBA colleges in India, on the other hand, charge exorbitant tuition. In India, over 63 percent of universities have a course/annual cost of less than Rs 10 lakh. These are some of the colleges:

  • Kanpur Institute of Technology
  • DMS Delhi’s IIT
  • DoMS at IIT Roorkee SJMSOM at IIT Madras Bombay Institute of Technology
  • Kharagpur Institute of Technology

A cost structure ranging from Rs 10-20 lakh is found in around 31% of MBA institutions. These are some of the colleges:

  • IIM Lucknow
  • IIM Udaipur
  • IIM Raipur
  • IIM Ranchiand
  • IIM Indore are all IIMs.

A price structure of more than Rs 20 lakh is found in about 6% of MBA colleges. These are some of the colleges:

  • IIM Ahmedabad and IIM Bangalore are two IIMs in India.
  • Jamshedpur XIM, IIM Calcutta MDI Gurgaon XLRI Bhubaneswar

Top 10 MBA Colleges in India 2022 provide a variety of MBA specialisations.

The MBA degree is available in India in a variety of specialisations. The following are some of the most well-known ones given by top MBA institutes in India:

  • Finance
  • Marketing & Sales
  • Human Resources Management
  • Systems & Information Technology
  • International Business Entrepreneurship Business Analytics

Cutoffs for Top 10 MBA Colleges in India 2022

Candidates are admitted to the Top 10 MBA Colleges in India 2022 based on entrance exam cut-offs. At Top 10 MBA Colleges in India 2022, the cutoff ranges from 95 to 100. The average admission cutoff percentiles of India’s top 10 MBA colleges, as ranked by NIRF, are listed in the table below.

College NameCollege Cutoff
IIM Bangalore cutoff99-100 percentile
IIM Ahmedabad cutoff98-99 percentile
IIM Calcutta cutoff98-99 percentile
IIM Lucknow cutoff98-99 percentile
IIT Kharagpur cutoff90-95 percentile
IIM Kozhikode cutoff95-98 percentile
IIM Indore cutoff95-98 percentile
IIT Delhi cutoff90-95 percentile
XLRI Jamshedpur cutoff92-94 percentile
MDI Gurgaon cutoff94-98 percentile

India’s Best MBA Colleges

MBA candidates dream of getting an MBA from one of India’s top MBA institutes. Top 10 MBA Colleges in India 2022 include not just the 20 IIMs, but also FMS Delhi, MBA departments of IITs, JBIMS Mumbai, NMIMS Mumbai, and private management universities such as XLRI Jamshedpur, MDI Gurgaon, and SPJIMR Mumbai.

  • On numerous measures, IIM Ahmedabad, Bangalore, and Calcutta are ranked among the best MBA colleges in India, but their fees are extremely exorbitant, ranging between Rs. 20 and Rs. 23 lakhs.
  • The Faculty of Management Studies, Delhi University (FMS Delhi) is, on the other side, one of India’s top MBA colleges with a fee structure.
  • In India, there are around 6804 management colleges, 1200 of which are government-run and 5478 of which are privately run. At the UG, PG, and Masters levels, top management colleges in India provide a variety of management programmes such as MBA, BBA, BBM, PGDM, and others. XLRI Jamshedpur, Vinod Gupta School of Management – [VGSOM], MDI Gurgaon, and other prominent private management colleges in India include XLRI Jamshedpur, Vinod Gupta School of Management – [VGSOM], MDI Gurgaon, and many others.
  • According to NIRF, India Today, The Week, and other publications, IIM Ahmedabad, IIM Bangalore, and IIM Calcutta are the top management institutes in India. They’re also regarded as one of India’s best MBA schools.
  • Entrance tests such as the GMAT, CAT, GRE, SNAP, XAT, and others are used to gain admission to India’s top management schools, which are followed by a Group Interview.

Top Management Colleges in India, according to the NIRF Rankings for 2021

As demonstrated in the table, the majority of India’s top management colleges have improved their ranks in recent years.

NIRF 2021 RankingCollege NameAverage Annual Fees (INR)
5Indian Institute of Technology Delhi320000
8Xavier Labour Relations Institute (XLRI), Jamshedpur1180000
9Indian Institute of Technology Kharagpur468000
10Indian Institute of Technology Bombay428000
11Management Development Institute, Gurugram1080000
12National Institute of Industrial Engineering, Mumbai598000
13Indian Institute of Technology Madras75,116i
14Indian Institute of Technology Roorkee415000
16Indian Institute of Technology Kanpur154000
19S. P. Jain Institute of Management & Research, Mumbai950000
20Symbiosis Institute of Business Management, Pune980000
22SVKM`s Narsee Monjee Institute of Management Studies, Mumbai302000
24Great Lakes Institute of Management, Chennai962000
25Indian Institute of Foreign Trade, New Delhi918000
26International Management Institute, New Delhi870000
27ICFAI Foundation for Higher Education, Hyderabad801000
29Amity University, Gautam Budh Nagar608000
30Indian Institute of Technology (Indian School of Mines), Dhanbad176000
31Kalinga Institute of Industrial Technology, Bhubaneswar460000
32T. A. Pai Management Institute Manipal755000
  • According to the NIRF ranking survey 2021, IIM Ahmedabad has maintained its position as India’s best management college.
  • IIM Bangalore is now ranked second, with IIM Calcutta in third place.
  • IIM Kozhikode has also improved by two places, moving from sixth to fourth place.
  • NITIE Mumbai, which has increased by 17 positions and now ranks 12th in India, has demonstrated the most development.
  • The Xavier Labour Relations Institute (XLRI) has also improved significantly. It has surpassed IIT Bombay and IIT Kharagpur in the rankings.

With the exception of two universities switching ranks, the Economic Times rating stays the same as it was in 2021.

  • The Indian Institute of Management Ahmedabad is also ranked as India’s best MBA college.
  • The two colleges that have switched places this year are JBIMS Mumbai and Amity Noida.
  • JBIMS Mumbai has risen four places, while Amity has fallen four places.

There were 253 submissions to the Economic Times ranking process, which were grouped into different functional heads. This year’s ranking was compiled by 31 IT executives, 38 finance executives, 97 human resources executives, 34 production executives, and 52 manufacturing executives. Below is a breakdown of their percentages.

The top three IIMs, IIM A, B, and C, have maintained their top rankings in the ranking list provided by Jagran Josh agency this year as well. Industry leaders undertake the agency’s surveys, which are based on the following eligibility criteria.

  • The institute should provide a two-year full-time management programme.
  • The institute should have been recognized by the government.
  • At least three batches must have graduated from the institute.

Top 10 MBA Colleges in India

Top 10 MBA Colleges in India 2022Average Fees(INR)
IIM Bangalore2300000
IIM Calcutta2400000
Indian School of Business (ISB)3305120
IIM Lucknow1925000
FMS Delhi20960
SPJIMR Mumbai1900000
XLRI Xavier School of Management2360000
IIM Indore1620000
MDI Gurgaon – Management Development Institute1980000

Top 10 MBA Colleges in India 2022 Fee structure

College NameMBA Fees
IIM AhmedabadINR 28,00,000
IIM BangaloreINR 23,00,000
IIM CalcuttaINR 23,00,000
IIM LucknowINR 19,25,000
IIM IndoreINR 16,00,000
IIM KozhikodeINR 19,00,000
IIM UdaipurINR 18,50,000
IIM RanchiINR 15,30,000
IIM RohtakINR 16,70,000
IIM KashipurINR 15,66,000
IIT BombayINR 8,56,000
IIT MadrasINR 6,89,000
IIT KharagpurINR 9,36,000
IIT DelhiINR 9,60,000
IIT RoorkeeINR 6,23,000
NIT TrichyINR 1,94,500
IIFT New DelhiINR 18,36,000
Symbiosis PuneINR 11,80,000
MDI GurgaonINR 21,34,000
Narsee Monjee MumbaiINR 20,84,000
XLRI JamshedpurINR 23,60,000
SP Jain MumbaiINR 17,50,000
FMS DelhiINR 20,960
IMT NagpurINR 12,84,000
NITIE MumbaiINR 11,96,000

Top MBA Colleges with low fees

College NameTotal MBA Fees
University of Allahabad, AllahabadINR 3,100
Ranchi University, RanchiINR 5,700
Mahatma Gandhi College, TrivandrumINR 9,120
National Institute of Rural Development and Panchayati Raj, HyderabadINR 10,500
St. Michael’s College, CherthalaINR 8,310
University of RajasthanINR 10,880
Bhartiya Shiksha Parishad, LucknowINR 11,000
Indira Gandhi National Tribal University, AnuppurINR 10,200
PSG College of Arts and Science, CoimbatoreINR 18,500
Central Agricultural University, ImphalINR 12,500
Visvesvaraya Technological University, BelgaumINR 13,890
Department of Business Management, University of CalcuttaINR 16,500
Kakatiya University, WarangalINR 28,440
Rashtrasant Tukadoji Maharaj Nagpur University, NagpurINR 12,280
Bharathiar University, CoimbatoreINR 83,000

Top 10 MBA Colleges in India 2022 NIRF Ranking

NIRF Ranking 2021IIM Name
1IIM Ahmedabad
2IIM Bangalore
3IIM Calcutta
4IIM Kozhikode
6IIM Indore
7IIM Lucknow
15IIM Raipur
17IIM Tiruchirapally
18IIM Udaipur
21IIM Ranchi
23IIM Shillong
28IIM Rohtak
33IIM Kashipur
40IIM Nagpur
61IIM Sambalpur
67IIM Amritsar
-IIM Jammu
-IIM Visakhapatnam
-IIM Sirmaur
-IIM Bodh Gaya

Top 10 MBA Colleges in India 2022 with placements

RankCollege NameFees(INR)Average Salary(INR)
1IIM Ahmedabad23000002610000
2IIM Calcutta27000002790000
3IIM Bangalore23000002618000
4FMS, Delhi810002640000
5IIM Rohtak16650001374000
6IIFT Delhi7600002050000
7IIM Ranchi15300001511000
8MDI Gurgaon21340002210000
9IIM Indore16100002293000
10IIM Kozhikode19000002301000

Top Distance MBA Colleges in India

RankCollege NameFees(INR)Average Salary(INR)
1IIM Ahmedabad23000002610000
2IIM Calcutta27000002790000
3IIM Bangalore23000002618000
4FMS, Delhi810002640000
5IIM Rohtak16650001374000
6IIFT Delhi7600002050000
7IIM Ranchi15300001511000
8MDI Gurgaon21340002210000
9IIM Indore16100002293000
10IIM Kozhikode19000002301000
College NameOnline MBA Fees
Amity University, Noida INR 3,50,000
ITM GwaliorINR 80,000
Jaipur National University, JaipurINR 39,000
Pondicherry UniversityINR 24,925
NIBM ChennaiINR 14,700
Assam Don Bosco UniversityINR 1,80,000

Top Executive MBA colleges in India

College NameExecutive MBA FeesExecutive MBA Duration
IIM AhmedabadINR 28,00,0001 year
IIM LucknowINR 13,70,0002 years
Symbiosis Center for Management and Human Resource Development (SCMHRD), PuneINR 5,08,5002 years 6 months
Symbiosis Institute of Business Management (SIBM), PuneINR 6,40,0002 years 6 months
Indian School of Business (ISB), HyderabadINR 47,00,0003 years
Amity University, NoidaINR 12,00,0002 years
Indian Institute of Business Management and Studies, MumbaiINR 50,80010 months
Narsee Monjee Institute of Management Studies (NMIMS), MumbaiINR 18,50,0002 years
DTU New DelhiINR 3,80,0002 years
FMS DelhiINR 1,92,0002 years

Frequently Asked Questions

Q. Which is the no 1 mba college in India ?

Ans. IIM Ahmedabad is the no 1 mba college in india

Q. Which is the best college to do mba in india ?

Ans. Faculty of Management studies university of delhi is the best college to do mba in india

Q. Which mba institue is best ?

Ans. IIM hyderabad is the best mba institute

Q. Which is the cheapest IIM ?

Ans. The Indian institute of Management- ranchi is the cheapest IIM

Q. Is GMAT easier than cat ?

Ans. Gmat is considered easier than CAT

Leave a Reply

Your email address will not be published.