Top 10 MBA Colleges in India with Fees Structure 2022
Saurav Anand
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August 25, 2022
MBA aspirants' dream is to pursue an MBA from one of India's top MBA colleges. According to the MHRD-NIRF rankings 2022, the Top MBA Colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, and IIM Indore. Other Popular MBA Colleges include XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management, and the Department of Management Studies of the IITs, which are ranked among The Top MBA Colleges in India by the NIRF as well as other B-school surveys conducted by India Today, Outlook, and Business Today.
Among The Top MBA Colleges in India, a few are consistently ranked as the best in the world. For example, the ISB was ranked fifth in Bloomberg Businessweek's Asia-Pacific B-Schools ranking 2021, while IIM Bangalore was ranked sixth.
The latest Financial Times Masters in Management (MiM) Rankings 2021 place IIM Ahmedabad, IIM Bangalore, and SPJIMR among the world's top 50 institutes. IIM Ahmedabad is ranked 26th, SPJIMR is ranked 39th, and IIM Bangalore is ranked 47th. Read on to learn more about MBA rankings and the best MBA colleges in India.
MBA Colleges in India: Particulars
| Parameters | Particulars/ Statistics |
|---|---|
| No. of MBA Colleges in India | 5,000 (Approximately) |
| 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. |
The two-year MBA program serves as a springboard to a variety of job and entrepreneurial opportunities. This course provides knowledge and training in business administration and operations, both of which are necessary for running a business. The MBA program also helps individuals develop communication skills and leadership qualities.
MBA programs are open to students from all disciplines, including science, business, and humanities. The most popular option is the full-time MBA, which includes theory classes, practical projects, and internships. A full-time MBA is preferred by recent graduates as well as candidates with a few years of work experience. In India, there are over 5,000 MBA colleges that offer courses in a variety of specializations. Some B-Schools provide an MBA degree, while others provide a PG diploma (PGDM/PGPM).
Top 10 MBA Colleges in India with Fees structure 2022
Given below is the list of the Top 10 MBA Colleges in India with fees structure 2022
| College | Ranking | Fees Structure |
|---|---|---|
| IIM Ahmedabad | 1 | 23.00 L |
| IIM Bangalore | 2 | 18.70 L |
| IIM Calcutta | 3 | 10.10 L |
| IIM Lucknow | 4 | 5.69 L |
| IIT Delhi DoMS | 5 | 8.80 L |
| IIM Kozhikode | 6 | 20.50 L |
| IIM Indore | 7 | 17.06 L |
| XLRI Jamshedpur | 8 | 23.60 L |
| NITIE Mumbai | 9 | 11.33 L |
| IIT Madras-DoMS | 10 | 8.00 L |
MBA Colleges Eligibility Criteria in India
- Graduation or equivalent from a recognized university is required for admission to an MBA program. However, the minimum score requirement for niche specializations may differ. The basic MBA eligibility criteria are listed below.
- As a basic eligibility requirement for MBA, candidates must have completed a bachelor's degree in any discipline or equivalent from a recognized university (full-time)
- Most institutes adhere to the AICTE's graduation minimum score criteria, which are 50% aggregate or equivalent and 5% relaxation for students from reserved categories.
- Professional degree holders such as MBBS, CA, CS, and ICWAI, among others, are also eligible to pursue an MBA.
MBA College Fee structure: Important
You may be looking for a reasonable fee structure with a good placement that can assure you of your career prospects. So, before making your MBA admission decision, compare the fee structures of various B-schools as well as the learning benefits that result from them.
In almost all rankings, IIM Ahmedabad, Bangalore, and Calcutta are ranked among the best MBA colleges in India on various parameters; however, their fee structure is very high and exceeds 23 lakhs. The Faculty of Management Studies, Delhi University (FMS Delhi) on the other hand, is one of the top MBA colleges in India, with fees as low as Rs. 25,000 per semester and a total fee of less than Rs.2 lakhs. Many IIMs prefer it because it has a high RoI with a high average placement compatible with top IIMs.
Top Private MBA Colleges in India
| Best Private MBA Colleges in India | Course Fee (in INR) |
|---|---|
| XLRI Xavier School of Management, Jamshedpur | 23.60 L |
| MDI Gurgaon | 21.34 L |
| NITIE, Mumbai | 11.33 L |
| SPJIMR, Mumbai | 17.87 L |
| Symbiosis Institute of Business Management, Pune | 10.20 L |
| SVKM’s Narsee Monjee Institute of Management Studies | 10.42 L |
| Great Lakes Institute of Management, Chennai | 11.81 L |
| Indian Institute of Foreign Trade, Delhi | 8.85 L |
| International Management Institute, Delhi | 18.34 L |
| ICFAI Business School, Hyderabad | 14.14 L |
Top Government MBA Colleges in India
| Top Government Colleges for MBA | Course Fee (in INR) |
|---|---|
| IIM Ahmedabad | 23.00 L |
| IIM Bangalore | 18.70 L |
| IIM Calcutta | 10.10 L |
| IIM Kozhikode | 20.50 L |
| IIT Delhi-DoMS | 8.80 L |
| IIM Indore | 17.06 L |
| IIM Lucknow | 5.69 L |
| IIT Kharagpur-VGSOM | 9.26 L |
| IIT Bombay-SJMSOM | 8.67 L |
| IIT Madras-DoMS | 8.00 L |
How to Apply for MBA Admission
Step 1: Register for and apply for the MBA Entrance Exam.
Step 2: Take the MBA Entrance Exam.
Step 3: The Selection Process
Step 4: Final Admissions Process (GD, PI, WAT)
Eligibility for the MBA Entrance Exam
Applicants with job experience after graduation or fresh graduates with a minimum of 50% marks are eligible to apply for these MBA entrance tests in India. The XAT is an anomaly in that it does not need a minimum percentage of graduation marks. The application procedure for the essential MBA entrance tests 2022 for admission 2023 has progressively begun. While the registration for CAT 2022, NMAT 2022, and SNAP 2022 has already begun, the registration for XAT 2023 will begin in August 2022.
According to prior patterns, the application procedure for the IIFT MBA admission test would most likely begin in the first week of September. Tata Institute of Social Sciences (TISS) will begin accepting applications for TISSNET 2023 in October/November 2022. Registration and application for IBSAT 2022, and MAT Sep 2022 are now available. The first step in gaining admission to a top MBA college is to register for and apply for the appropriate MBA entrance test.
Most Popular MBA Entrance Exams in India
For MBA admission, there are ten common MBA entrance examinations in India. CAT, XAT, IIFT, NMAT, SNAP, TISSNET, CMAT, MAT, IBSAT, and GMAT are among them. State Level Exams such as MAH CET, TANCET, PGCET, and KMAT are other prominent MBA entrance exams that will help you get into MBA courses in Maharashtra, Karnataka, and Tamil Nadu. Another institute/university specialized tests besides IIFT, TISSNET, and IBSAT are KIITEE Management, MICAT, and UPES MET.
In India, there are nine popular National Level MBA entrance examinations for MBA admission:
- CAT
- CMAT
- MAT
- XAT
- NMAT
- SNAP
- ATMA
- GMAT
Top Institute/University Entrance Exams
- IIFT
- TISS NET
- IBSAT
- KIITEE Management
- UPES MET
MBA Courses
MBA courses in business administration and operations management that are related to management analysis and strategy are included. Some of the topics are as follows:
- Accounting
- Human Resources
- Business Planning
- Business Law
- Business Ethics
- Business Communication
- Applied Statistics
- Business Strategy
- Entrepreneurship
- Management
- Finance
- Supply-chain Management
- Managerial Economics
- Marketing
MBA/PGDM Job Openings & Career Prospects-
Some of the industries where an MBA graduate can find work include:
- Finance and banking
- Management of Information Systems
- Banking on Investment
- Management Advice
- Private Capital
- Analytics of Data
- Entrepreneurship
MBA Salaries-
Before enrolling in a course, a student is more interested in knowing the outcome. After all, knowing the salaries paid for various job descriptions is self-evident and appropriate for an MBA degree holder. However, a manager's ability to plan, strategize, execute, coordinate, delegate work and tasks, and so on will determine everything-
- Retail Manager: 4.5 – 5
- Digital Marketing Manager: 4.5 – 5
- Sales Manager: 10 – 10.5
- Advertising Sales Manager: 8 – 8.5
- International Business Manager: 9
- Risk Manager: 9.5 – 10
- Infrastructure Manager: 10 – 11
ROI of India's Top MBA Colleges-
The Return on Investment (ROI) of the course is a major factor that influences any management institute's ranking. But what exactly is ROI? ROI is defined as the difference or balance between the course fee and the salary offered after completing the course.
Top MBA colleges in India have a higher ROI than the rest, which is why they are included in all-India rankings by agencies and business magazines. The top MBA colleges in India (NIRF rankings 2021) are listed below, along with the average annual fee and average placement package:
| Top MBA Colleges in India | Average Annual Fee (in INR) | Average Placement Package (in INR) |
|---|---|---|
| IIM Ahmedabad | 23 L | 26 LPA |
| IIM Bangalore | 23 L | 25 LPA |
| IIM Calcutta | 23 L | 27 LPA |
| IIM Kozhikode | 20 L | 22.50 LPA |
| IIT Delhi | 9.6 L | 18.47 LPA |
| IIM Indore | 15 L | 22.92 LPA |
| IIM Lucknow | 19 L | 24.25 LPA |
| XLRI Jamshedpur | 23 L | 18.80 LPA |
| IIT Kharagpur | 10 L | 18.00 LPA |
| IIT Bombay | 8.67 L | 21.96 LPA |
Top MBA Colleges with their Placements and Recruiters-
| Average Placement Package (in INR) | Top Recruiters |
|---|---|
| IIM Bangalore | A T Kearney, Abbot, Accenture, Acura, Adani Group, Aditya Birla Group, Amazon.com, American Express, Arthur D Little, Arvind Brands, Asian Paints, Askmebazaar.com, AVIVA, Axis Bank, Barclays Capital, Biocon, Capital One, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Google, HDFC Bank, Heinz, Hindustan Unilever, HSBC, Hyundai, IBM, ICICI, ITC, JP Morgan Chase, McKinsey, Morgan Stanley, Nerolac, Nomura, Philips India, Practo, Urban Clap. |
| IIM Ahmedabad | A T Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser |
| IIM Calcutta | Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank |
| IIM Kozhikode | Aditya Birla Group, American Express, Asian Paints, Axis Bank, Bank of America, Cadbury, CITI Bank, CITI Financial, Coca-Cola, Colgate Palmolive, Dabur, eBay, Genpact, Godrej, Hewitt, Hewlett Packard, HSBC, HT Media, IBM, ICICI, Inductis, Infosys, McKinsey, Microsoft, Nestle, NSE, SAP, Yahoo |
| IIM Indore | Aditya Birla Capital, Axis Bank, Bharti AXA Life Insurance, Alpha Alternatives, BNY Mellon, Goldman Sachs, HDFC Life, ICICI Bank, ICICI Lombard, ICICI Prudential, IDFC, Amazon, Blue Seiner Advisors LLP, Flipkart, IndiaMART, Jeevitam, Paytm, MedikaBazaar, Polycab, Zomato |
How much does it Cost to study MBA in India?
According to the pie chart below, pursuing an MBA in India from top-rated colleges is reasonably priced. The top ten MBA colleges in India, on the other hand, charge exorbitant fees. Almost 63% of colleges in India have a course/annual fee of less than INR 10 lakh. The top MBA colleges in India with fees are listed below.
- IIT Kanpur
- DMS IIT Delhi
- IIT Roorkee
- DoMS IIT Madras
- SJMSOM IIT Bombay
- IIT Kharagpur
A fee structure ranging from INR 10-20 lakh is used by approximately 31% of MBA colleges. These are some of the colleges:
- IIM Lucknow
- IIM Udaipur
- IIM Raipur
- IIM Ranchi
- IIM Indore
Approximately 6% of MBA colleges charge fees in excess of INR 20 lakh. These are some of the colleges:
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- MDI Gurgaon
- XLRI, Jamshedpur
- XIM Bhubaneswar
Specializations provided by India's Top MBA Colleges
The MBA degree is available in a variety of specializations in India. The following are some of the most prominent ones offered by top MBA colleges in India:
- Finance
- Sales & Marketing
- Human Resources
- Operations
- IT & Systems
- Business Analytics
- International Business
- Entrepreneurship
Top MBA Colleges in India: Admissions Criteria-
Candidates are admitted to the top MBA colleges in India based on entrance exam cut-offs. At top MBA colleges in India, the college cutoff ranges from 95 to 100. The average admission cutoff percentiles of the top 10 MBA colleges in India, as ranked by NIRF, are shown in the table below.
| College Name | College Cut off |
|---|---|
| IIM Bangalore cutoff | 99-100 percentile |
| IIM Ahmedabad cutoff | 98-99 percentile |
| IIM Calcutta cutoff | 98-99 percentile |
| IIM Lucknow cutoff | 98-99 percentile |
| IIT Kharagpur cutoff | 90-95 percentile |
| IIM Kozhikode cutoff | 95-98 percentile |
| IIM Indore cutoff | 95-98 percentile |
| IIT Delhi cutoff | 90-95 percentile |
| XLRI Jamshedpur cutoff | 92-94 percentile |
| MDI Gurgaon cutoff | 94-98 percentile |
National and international accreditations granted to business schools reflect the quality of education, including a curriculum that meets global standards and industry requirements, pedagogy, high-quality faculty and research, and institute facilities, all of which are important factors in selecting the best MBA college. Before deciding on your preferred MBA college, look for the following prominent International and National Accreditations: Association to Advanced Collegiate Schools of Business (AACSB), USA; EFMD Quality Improvement System (EQUIS); Association of MBAs (AMBA), UK; National Board of Accreditation (NBA); National Assessment & Accreditation Council (NAAC) (NAAC).
IIM Ahmedabad has long been regarded as India's top MBA college. It has excellent faculty, accomplished alumni, and excellent placements. IIM Bangalore has emerged as a strong competitor to IIMA for the Best MBA College in India award over the last five years. It has improved all aspects of its education, particularly Executive Education, thanks to its location (Bangalore). IIM Calcutta, XLRI, and SPJIMR are the other three MBA Colleges on the list of the Top 5 B-schools in India. MDI Gurgaon, NMIMS, JBIMS, SJMSOM-IIT Bombay, FMS Delhi, IMI New Delhi, and IMT Ghaziabad is among the top MBA colleges in India.
Frequently Asked Questions
Q1. Which is the No 1 MBA College in India?
Ans. IIM Ahmedabad leads the list of the top MBA colleges in India followed by IIM Bangalore, then IIM Kolkata, and so on. NIRF rankings showcasing the top MBA colleges in India 2021 include the above three and IIM Kozhikode, IITs like IIT Delhi, XLRI, and MDI Gurgaon to name a few.
Q2. Which MBA has the highest value?
Ans. INSEAD MBA graduates have the highest salaries of all the schools on the list, at $188,432. The INSEAD MBA is ranked the number one program in the world in the 2021 rankings, up three places from last year after the three highest-rated schools—Stanford, Harvard, and Wharton—pulled out of the FT rankings.
Q3. Which MBA is highly paid in India?
Ans. Engineers India tops the list with MBA graduates getting from Rs 860,168 to Rs 2,800,000 per annum. Larsen & Toubro (L&T) pays anywhere from Rs 840,320 to Rs 2,480,940. Hindustan Unilever, Asian Paints, and Whirlpool are companies that value MBA degrees and pay salaries ranging from Rs 780,000 to Rs 2,000,000.
Q4. Which University is best for MBA with low fees?
Ans. Register now for the latest MBA Exam & Admissions Updates
| Top MBA College with Low Fees | Program 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 |
Q5. Can I do MBA without fees?
Ans. Free MBA Programs
There are actually some business schools that offer tuition-free accredited MBA programs. The Block School of Management at the University of Missouri-Kansas City offers its MBA program for free to all students enrolling in Fall 2016.
Q6. What is the Average fees for MBA in India?
Ans. Generally, MBA Fee ranges from Rs 5.0 Lakhs to 15.0 Lakhs. MBA Colleges in India with Fee Structures are below. There are 20 IIMs in India.
Q7. 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 make providing an MBA an expensive endeavor for schools.
Q8. Why IIM fees is so high?
Ans. IIM Ahmedabad charges high fees to maintain its cutting-edge facilities, top-notch infrastructure, and high-end research facilities, it offers. They need to charge high to meet these costs. Also, IIMs are autonomous and they don't receive much funding from the government.
Q9. Which is the No 1 College for MBA in the world?
Ans. Stanford Graduate School of Business
Q10. Which MBA has the highest Salary?
Ans. MBA with High Salary-
- Finance.
- Marketing.
- Information Technology.
- Information Security.
- Human Resources.
- Healthcare Management.
- Real Estate.
- International Business.