Best MBA Private Colleges in India
Saurav Anand
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May 17, 2022
Best MBA Colleges in India Private – There are more than 2900 privately-owned MBA schools in India. Some are recognized and ranked to the IIMs. The best private MBA schools within India offer the best teaching and infrastructure, as well as the latest MBA curriculum, well-known and specialty areas, hands-on education, foreign exchange programs, and campus places. The tuition of these best MBA Colleges in India Private is more expensive however their return on investment (ROI) is high.
Best MBA Colleges in India Private located in India include the top private MBA schools in India included in XLRI Xavier School of Management (Jamshedpur), Management Development Institute (MDI Gurgaon), National Institute of Industrial Engineering (NITIE Mumbai), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), Symbiosis Institute of Business Management (SIBM Pune), Great Lakes Institute of Management (Chennai), NMIMS School of Business Management (Mumbai), ICFAI Business School – IBS (Hyderabad), T.A. Pai Management Institute – TAPMI (Manipal), International Management Institute (IMI Delhi), etc. Find out more regarding MBA ranking and the best private MBA schools within India.
It is not easy to get into the Best MBA Colleges in India Private, as the competition increases more and more and seats in these best MBA colleges in India shank every year. Every student dreams to study at the top 10 MBA colleges in India like IIMs but only a percent gets selected, Being an MBA aspirant the first thing one looks for is the number of intakes in the flagship program in order to assess the chance of securing admission in these MBA colleges. Although there are manyBest MBA Colleges in India Private divided into tiers as top 10 MBA colleges in Indiaconsist of the best institutions in India, which we have talked about in this article. But in some cases, we can also get the best colleges for MBAeven if you have a lower percentage through CAT some other Best MBA Colleges in India Privateaccept 50 – 60 Percentile in CAT 2021.
- Shanti Business School (Ahmedabad)
- Institute of Marketing & Management (New Delhi)
- Karnavati University (Gandhinagar)
- Narayana Business School (Ahmedabad)
- ASM’s Group of Institutions (Pune)
- Universal Business School (Karjat)
Hence, to make things clearer, this blog article discusses the top MBA colleges in India, without getting into details such as the cut-offs, fees, CTCs etc. You will find a list of colleges and a short note on how one should select colleges to apply to.
As a compilation we have gather details on the Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode and IIM Indore according to the MHRD-NIRF rankings 2021. Other popular B-Schools such as XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management and Department of Management Studies of the IITs also rank among top MBA colleges in India as per the NIRF rankings as well as other B-school surveys such as by India Today, Outlook and Business Today.
Among the MBA best colleges in India, a few of them are also usually ranked as the best among all globally. For example, In the Asia-Pacific B-Schools ranking 2021 by Bloomberg Businessweek the ISB has been ranked at the fifth position while IIM Bangalore has been ranked sixth.
TOP B schools in India: IIM Ahmedabad, IIM Bangalore, and SPJIMR have also been ranked among the global top 50 institutes in the latest Financial Times Masters in Management (MiM) Rankings 2021 MBA in India. IIM Ahmedabad has been ranked 26th, SPJIMR has been ranked 39th and IIM Bangalore has been ranked 47th. Read below all about MBA rankings and the best MBA colleges in India.
Top MBA Colleges in India Highlights
| Parameters | Particulars/ Statistics |
|---|---|
| Fees | -Annual fee < Rs 10 lakh: 6% - Annual fee >Rs 10 lakh: 94% |
| Top Specialisations | General Management, Marketing, Operations, Sales, Business Analytics, Human Resources, Finance, Digital Marketing, Information Technology, Event Management & PR and Travel & Tourism |
| Admission Process | Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP |
| Top MBA Colleges in India | IIMs, SPJIMR, XLRI, MDI, IMT, IIT-DoMs, SIBM, etc. |
Top Private MBA Colleges in India Eligibility Criteria
The eligibility criteria for MBA course is graduation, however the minimum score requirement may vary for niche specialisations.
- Candidates must have passed graduation in any discipline or equivalent from a recognised university
- Most of the institutes follow the minimum score criteria in graduation as per the AICTE i.e. 50 per cent aggregate or equivalent and five per cent relaxation to students belonging to reserved categories
- Professional degree holders such as MBBS/CA/CS/ICWAI, etc. are also eligible to pursue MBA
Top Private MBA Colleges in India with NIRF Ranking
The Ministry of Education, Government of India, releases annual ranking of top MBA colleges in India under the National Institutional Ranking Framework or NIRF.
The all India ranking is given to 100 best MBA colleges in India on the basis of several parameters such as teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity and perception.
Given below is the list of Best MBA Colleges in India Private in India as per the NIRF ranking 2020.
| College Name | NIRF’20 Ranking |
|---|---|
| XLRI Xavier School of Management, Jamshedpur | 9 |
| MDI Gurgaon | 10 |
| NITIE Mumbai | 12 |
| SPJIMR, Mumbai | 18 |
| SIBM Pune | 22 |
| Great Lakes Institute of Management, Chennai | 23 |
| NMIMS School of Business Management, Mumbai | 24 |
| ICFAI Business School (IBS), Hyderabad | 25 |
| IIFT Delhi | 26 |
| TAPMI, Manipal | 27 |
ROI of Best MBA Colleges in India Private
The Return on Investment, or ROI, is a major factor that contributes to an institute’s high ranking. But what exactly is ROI?
ROI is defined as the difference or balance between the course fee and the salary offer in the job secured as a result of the course.
Best MBA Colleges in India Private have a satisfactory ROI, which is why they are included in all-India rankings by agencies and business magazines. Shiksha readers ranked the following private MBA colleges as the best in India, based on average annual fees and placement ratings:
| Name of the College | Average Annual Fee (in Rs) | Average Placement Package (in Rs) |
|---|---|---|
| NITIE Mumbai | 11.43 Lakh | 20.88 LPA |
| XLRI Xavier School of Management, Jamshedpur | 23.60 Lakh | 25.08 LPA |
| MDI Gurgaon | 21.34 Lakh | 23.15 LPA |
| IIFT Delhi | 8.75 Lakh | 21.08 LPA |
| SIBM Pune | 10.20 Lakh | 19.56 LPA |
| SPJIMR, Mumbai | 17.87 Lakh | 19.50 LPA |
| NMIMS School of Business Management, Mumbai | 12.05 Lakh | 17.79 LPA |
| TAPMI, Manipal | 15.01 Lakh | 11.50 LPA |
| Great Lakes Institute of Management, Chennai | 11.81 Lakh | 13.60 LPA |
| ICFAI Business School (IBS), Hyderabad | 14.14 Lakh | 7.88 LPA |
Top Private MBA Colleges in India: Cutoff
Check out the table below for the average admission cut off percentiles of India’s top private MBA colleges as ranked by NIRF.
| College | Cut Off |
|---|---|
| XLRI Xavier School of Management, Jamshedpur | 94 percentile |
| MDI Gurgaon | 94 percentile |
| NITIE Mumbai | 90 percentile |
| SPJIMR, Mumbai | 92 percentile |
| SIBM Pune | 98.5 percentile |
| Great Lakes Institute of Management, Chennai | 95 percentile |
| NMIMS School of Business Management, Mumbai | 90 percentile |
| ICFAI Business School (IBS), Hyderabad | 70 percentile |
| IIFT Delhi | 36 marks |
| TAPMI, Manipal | 85 percentile |
Best private MBA colleges in India with low fees
Top MBA colleges with low fees structure – The best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, have fee structures ranging from Rs.17 lakhs to Rs.24 lakhs.
Lowest MBA fees in india List-
| 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 |
Faculty of Management Studies is a top-ranking management institute in India that offers MBA courses at the most affordable prices. It is regarded as one of the best mba colleges in India with low fees.
A two-year full-time residential MBA or PGDM program at a top MBA college with low fees costs between Rs. 50,000 and Rs. 10 Lakhs. Fee structures at the best MBA colleges with low fees, such as IIMs, XLRI, MDI, and SPJIMR, range from Rs.17 lakhs to Rs.24 lakhs.
Top MBA colleges in India with low fees are affiliated with or have management departments at Delhi University, Mumbai University, GGSIPU University Delhi, Bangalore University, Pune University, and Panjab University, among others. To be admitted to a top MBA college with low tuition, you must excel on an entrance exam such as the CAT/XAT/CMAT/MAH CET and have outstanding academics/work experience.
- Faculty of Management Studies (FMS), Delhi University Faculty of Management Studies is one of India’s most prestigious management schools, offering MBA classes at the most affordable prices starting at INR 1.92 Lakhs. It is one of the most prestigious MBA programs in India, and it is affiliated with Delhi University. The institute’s selection process includes both CAT scores and personal interviews. This year, the average salary offered in campus selection is INR 32.4 LPA.
Internships are available for FMS students at companies such as Deloitte, OLA, PwC, L’Oreal, Info Edge, Adobe, Google, and Amazon.
- Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai
JBIMS was founded in the year 1965 and is affiliated with the University of Mumbai. It is a non-profit organization that offers part-time and full-time MBA programs. The institute also provides various other courses, but MBA is one of the most popular courses offered by JBIMS. The current structure of costs is INR 1.52 one lakh up to 7 lakhs for the duration of two academic years within MBA. MBA program. The college accepts the scores of ATMA and CAT, as well as ATMA and MAH CET. The college is among the top 10 colleges in the world for B-schools in India with a large number of alumni serving as CEOs. The median income for students is about the amount of INR 27.63 LPA.
Companies that can be considered for placements in JBIMS include McKinsey & Company, JP Morgan Chase, Accenture, Axis Bank, JP Morgan, Amazon, etc. - Tata Institute of Management Studies (TISS), Mumbai
TISS, Mumbai is another management school offering high-quality MBA education at a fair price. Admissions to TISS is based on TISSNET scores. TISSNET score is an exam administered by the institution. The cost of the MBA program at TISS is the equivalent of 1.02 lakh rupees. 1.02 Lakh and the average salary earned during the program was of INR 19.62 LPA in 2021.
Companies such as Accenture, Deloitte India, Infosys Consulting, Darwinbox, TCS, Wipro and many others. Offer jobs to MBA graduates of TISS. - Department of Management Sciences, Pune
Pune University Department of Management Sciences (PUMBA) is associated with Pune University and has course charges that range from INR 1.29 Lakh to INR 1.33 Lakh. The college accepts scores of exams like CAT/XAT/MAT/CET/ATMA/MAH CET for the admissions to various MBA courses and offers placements with an average salary of INR 7.6 LPA.
Axis Bank, E-serve, Bee Management, ONGC, Thermax, SBI Life, etc. are some of the businesses that offer internships for students attending this college. - Department of Financial Studies, Delhi University
The institute allows admissions based on the scores of the CAT test which is administered by IIMs. The price to pursue this MBA at this institute is $26,000 divided into two periods. Department of Financial Studies is famous for providing the best return on investment. The salaries offered by this school ranges from equivalent to 13.3 LPA, and the highest amount was INR 26 per hour in 2020.
Companies such as DE Shaw, American Express, JLL, Barclays, Arcesium, Axis Bank, HDFC, SBI, Ministry of Finance etc. are among the top recruiters for MBA graduates. - Christ University, Bangalore
Christ International (Deemed to be University) was established in the year 1969. The school offers a range of post-graduation options. The school offers a variety of MBA specializations, including Business Analytics Marketing, Business Analytics and more. Students who undertake exams like CAT/MAT/XAT/CMAT/ATMA are eligible for admission into this prestigious and premium university. The tuition ranges from an INR 6.75 Lakh – INR 21.82 Lakh. The median wage after an interview is about 10.5 LPA. 20.5 LPA.
AB InBev, ZS Associates, DE Shaw & Co., Bain Capability Network, Exxon Mobil, Accenture, Aditya Birla Group, Infosys, Hyundai, IBM, ICICI, KPMG, Deloitte and Dabur are among the top firms that visit the campus for assignments and offer lucrative pay for graduates. - Delhi Technical University (DTU), Delhi
DTU offers two-year, full-time MBA classes. Admissions to MBA courses is determined by the results of the CAT test. The school is 75 years old and boasts one of the best MBA faculties in India. It’s one of the institutions that offer an MBA at a low cost , which is in the between INR 3.96 Lakh – INR 4.19 Lakh. The median salary for this university can be found between 22 and 22 LPA. Companies such as Google, Uber, Amazon, Facebook, Bloomberg, and many more. provide places in exchange for DTU pupils who’ve completed their studies.
Best Private Colleges in Delhi for MBA
The top MBA Colleges in Delhi NCR provide MBA programs that are available online as well as Offline and Distance Learning Methods. There are 533 MBA colleges in India that include several of the top prestigious and highest in the rankings of MBA schools in India including MDI Gurgaon, IIT Delhi and IIM Rohtak. There are 52 public as well as 475 privately owned MBA schools located in Delhi NCR. The majority of the best MBA schools within Delhi NCR are approved by AICTE or UGC.
- Department of Management Studies, IIT Delhi, and MDI Gurgaon are placed 5 and 11 respectively as among the Best MBA B-schools in India according to the NIRF Ranking.
- IIFT Delhi, IMI Delhi and Amity University Noida are a few of the top MBA institutions within Delhi NCR which are ranked as among the best 10 MBA schools located in Delhi NCR.
- A few of the most prestigious private MBA institutions located in Delhi NCR include MDI Gurgaon, Jamia Millia Islamia University Delhi and Amity University Noida, among others.
- MBA Acceptance to the top MBA institutions located in Delhi NCR are done through tests that are based on merit like CAT, GMAT and others. Then, there is an GD/PI round.
- IIFT New Delhi, Amity University Noida and Sharda University Greater Noida are among the best MBA colleges located in Delhi NCR without CAT.
- The median MBA cost for admission into the top MBA institutions located in Delhi NCR ranges between INR 10,000 to 8.78 Lakhs annually depending upon the institution.
- The best MBA schools within Delhi NCR offer good placement opportunities as well as high ROI. The average CTC provided to students ranges from 22-28 LPA.
- Airtel, TCS, Amazon, CISCO, McKinsey & Company, etc. are among the best businesses that take part in the best MBA schools at Delhi NCR the placements.
Top 10 MBA Colleges in Delhi NCR
Delhi NCR is a home to some of the most prestigious government as well as top private MBA colleges in India. Check out the following table which enlists the Top 10 MBA colleges in Delhi NCR along with their average annual fees structure:
| College/ University Name | Average Annual Fees |
|---|---|
| Department of Management Studies, Indian Institute of Technology Delhi - IIT Delhi - [DMS IITD] | INR 10,80,000 (Total Fees) |
| LBSIM - Lal Bahadur Shastri Institute of Management, New Delhi | INR 7,20,000 |
| Birla Institute of Management Technology - [BIMTECH], Greater Noida | INR 12,00,000 (Total fees) |
| Faculty of Management Studies, Manav Rachna International Institute of Research and Studies, Faridabad | INR 96,000 |
| JIMS Rohini, Sector-5 - Jagan Institute of Management Studies | INR 15,90,000 (Total Fees) |
| Management Development Institute, Gurugram | INR 9,43,000 |
| Indian Institute of Foreign Trade - [IIFT], New Delhi | INR 9,39,000 |
| IMI Delhi - International Management Institute, New Delhi | INR 9,11,850 |
| IIM Rohtak - Indian Institute of Management | INR 8,35,000 |
| Amity University, Noida | INR 6,08,000 |
| Jamia Millia Islamia University - [JMI], New Delhi | INR 1,05,000 |
MBA colleges with low fees in india | Top MBA colleges with low fees structure
Those who want to pursue an MBA should first make a list of colleges that they want to attend. They must make a decision based on their specification and budget rather than being carried away by the flow. Below is a list of Top MBA colleges with low fees structure, as well as the courses they offer.
| B-school | Course Name | *Fees |
|---|---|---|
| International School of Management and Research- ISMR | MBA | INR 3.44 L - 6.5 L |
| SIMSREE, Mumbai | Post Graduate Diploma in Business Management | INR 69,000 |
| CU - Chandigarh University | MBA Tourism and Hospitality Management | INR 57.8 K - 6.04 L |
| Indira Institute of Management - IIMP | MBA | INR 4.4 L - 8 L |
| ASM’s Institute of Business Management and Research-IBMR | MBA | INR 3 L - 6.5 L |
| Amity University | MBA in Agriculture and Food Business | INR 4.86 L - 20.16 L |
| Ambedkar University | MBA | INR 3 L |
| AIMS Institute of Management Studies | MBA | INR 3.95 L - 5.9 L |
| MIT Pune - MIT World Peace University | MBA | INR 3.5 L |
| DBS - Doon Business School | MBA International Business | INR 5.15 L - 9.79 L |
| Gems B School, Bangalore | Corporate MBA | INR 4.8 L - 9.2 L |
| Galgotias University - GU | MBA Healthcare and Hospital Management | INR 1.9 L - 4.85 L |
| BK school of Business Management | MBA in Maritime Management | INR 13,000 - 2 L |
| Maharishi Dayanand University (MDU) | Master of Hotel Management and Catering Technology | INR 36.5 K - 5.25 L |
Best MBA colleges in India with low fees without CAT | Top MBA colleges with low fees structure
Best MBA colleges in India with low fees without CAT that do not require the CAT entrance exam provide candidates with similar educational opportunities as those who have CAT scores. However, CAT scores are widely accepted, but with the rapid increase in competition, no student can pass the CAT exam. As a result, they look for MBA programs that do not require the CAT.
Furthermore, MBA course fees are typically on the higher side. It can be difficult for students to arrange course fees at times. However, there are some colleges that provide direct admission to students.
Top MBA Colleges in India which offer MBA with Low Fees Without CAT | Top MBA colleges with low fees structure
Many colleges in India offer MBA programs at a minimal cost. These courses are delivered based on entrance examinations conducted by the individual university. Here is a list of Top MBA colleges with low fees structure without CAT.
| Serial No. | Name of Colleges | Fee Structure |
|---|---|---|
| 1 | Guru Gobind Singh Indraprastha University [GGSIPU] | INR 56,000 |
| 2 | Bangalore University | INR 66,000 to 75,000 |
| 3 | Visvesvaraya Technical University [VTU] | INR 56,000 to 65,000 |
| 4 | Dr. B.R. Ambedkar University | INR 2,99,880 |
| 5 | University Business School - Panjab University | INR 50,000- 96,345 |
| 6 | Sydenham Institute of Management Studies, Research & Entrepreneurship Education [SIMSREE] | INR 1,36,000 |
| 7 | Tata Institute of Social Sciences [TISS], Mumbai | INR 1,14,600 |
| 8 | Department of Management Sciences, University of Pune [PUMBA] | INR 1,34,000 |
| 9 | Jamnalal Bajaj Institute of Management Studies [JBIMS], Mumbai | INR 6,00,000 |
| 10 | Pune Institute of Business Management, Pune | INR 7,95,000 |
Frequently Asked Questions
1. What specializations are provided by private MBA colleges located in India?
Ans. The top private MBA colleges in India provide all the specialisations available, including niche and popular ones. A few of the specialisations offered by many of the most prestigious private MBA institutions within India can be found below.
- Marketing and Sales
- Human Resources
- Finance
- Operations
- IT and Systems
- International Business
- Business Analytics
- Supply Chain
- Retail
2. The top private MBA school in India in terms of their placements?
Ans. Five of the top Private MBA Colleges in India Based on trends in placements, they are:
- XLRI Xavier School of Management, Jamshedpur
- NITIE Mumbai
- MDI Gurgaon
- SIBM Pune
- Great Lakes Institute of Management, Chennai
3. What are the job opportunities available on campus by the top privately owned MBA institutions located in India?
Ans. A few of the job descriptions that companies offer in campus placements at the best universities in India, including private MBA schools in India are as follows:
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Ressources Manager
- Operations Manager
- Product Manager
- Data Analytics Manager
- Digital Marketing Manager
4. Is the estimated cost for studying for an MBA at a prestigious private institution?
Ans. It is estimated that the process of obtaining an MBA from the top colleges costs around 60% of the schools in India offer a fee for courses or annual fees which ranges from 12 to 20 lakh. The colleges that include:
- Alliance School of Business, Alliance University, Bangalore
- KIIT School of Management, Kalinga Institute of Industrial Technology, Bhubaneswar
- TAPMI, Manipal
- NITIE Mumbai
- FORE School of Management, Delhi
- GIM GIM Goa Institute of Management, Goa
- Great Lakes Institute of Management, Chennai
- SIBM Pune
- SPJIMR, Mumbai
- IMI Delhi
- MDI Gurgaon
- NMIMS School of Business Management, Mumbai
5. Is there any exams to be taken for a private MBA within India?
Ans. The top private MBA schools located in India accept scores from a variety of national and state-level MBA entrance exams , including GMAT, CAT, XAT CMAT, MAT NMAT ATMA and MAH CET and many more.
6. Which are the studying alternatives after I’ve completed MBA?
Ans. After having completed an Private MBA, the aspirants who wish to pursue advanced studies or certification may follow the following programs:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM) Exam
- Certified Information Systems Auditor (CISA)
- Accreditation for Risk Management Assurance (CRMA)
- Certified to be certified in Production and Inventory Management (CPIM)
- The Project Management Professional (PMP)
- Second MBA in an internationally renowned business school
7. What are the admissions criteria for privately-owned MBA schools located in India?
Ans. The primary eligibility criteria is to be admitted into Private MBA institutions in India upon the year of graduation. A majority of MBA colleges require a minimum requirement of 50 percent total (45 percent for students of reserved categories).
8. Which of the top private MBA institutions in India allows admission without the need for an entrance test?
Ans. The most prestigious private MBA schools in India allow admission without an admissions tests. Candidates must to pass the required MBA entrance test and do well in group discussions as well as a personal interview in order to be admitted to the college.
9. Which specializations are offered by Private MBA Colleges in India?
Ans. Top Private MBA Colleges in India offer all the specializations including popular and niche ones. Some of the specialisations offered by most of the top private MBA colleges in India are listed below: Sales and Marketing Human Resources Finance Operations IT and Systems International Business Business Analytics Supply Chain Retail
10. Which is the best Private MBA college in India based on placements?
Ans. The top five Private MBA Colleges in India based on placements trends are: XLRI Xavier School of Management, Jamshedpur NITIE Mumbai MDI Gurgaon SIBM Pune Great Lakes Institute of Management, Chennai
11. Can I know some well known private MBA colleges in India?
Ans. Some of the well known private MBA colleges in India are Amity University, Manesar, Alliance University, Bangalore and KL University, Guntur.
12. What documents are required for admission in any private MBA college in India?
Ans. Some of the documents required for admission in any private MBA college in India are 12th mark sheet, 10th mark sheet, Graduation certificate and Passport sized photographs.