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 in 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
|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 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 speciality 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 in India
|Private Colleges||Course Fee (in Rs)|
|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|
Top Government MBA colleges India
|Public Colleges||Course Fee (in Rs)|
|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|
|Name of the College||Average Annual Fee (in Rs)||Average Placement Package (in Rs)|
|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|
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.
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.
|Particulars||Placement Statistics(2019-20)||Placement Statistics (2020-21)|
|No. of Companies visited||170+||150+|
|Highest CTC (Domestic)||INR 38.57 LPA||INR 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 CTC||INR 18.33 LPA||INR 18.45 LPA|
|Major Sectors||IT, analytics, Consulting, Start up & E-Commerce||IT, analytics, Consulting, Start up & E-Commerce|
|Top Recruiters||Abbott, Accenture, CISCO, Mahindra Logistics, Unacademy, Axis Bank, castrol etc||Adidas, 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 PhD. 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.
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.
|Particulars||Placements 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 placed||0.96||0.93|
|Highest CTC (International)||INR 50.23 LPA||INR 50.23 LPA|
|Highest CTC (Domestic)||INR 16.05 LPA||INR 15.89 LPA|
|Average CTC||INR 7.32 LPA||INR 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.
NITIE Mumbai is a Post Graduate Public Management Institute. For the academic batch 2019-21, the Institute is holding a placement drive. The highest CTC was INR 44 LPA, while the average CTC was INR 20.85 LPA during the 2021 placement drive. This year’s placement drive drew 43 new recruiters, with 44% of the group landing jobs in the consulting and IT industries.
|Total Number of Recruiters||143|
|First Time Recruiters||43|
|Highest Salary||INR 44 LPA|
|Average Salary||INR 20.85 LPA|
|Median Salary||INR 19.20 LPA|
|Top 10% Students Average Salary||INR 37.38 LPA|
|Top 20% Students Average Salary||INR 32.92 LPA|
|Major Sectors||Consulting and Analytics|
|Top Recruiters||EY, 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.
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.
|Particulars||Placement Statistics (2018-20)||Placement Statistcs (2019-21)|
|Number of Eligible Students||441||525|
|Number of Offers||446||532|
|Number of Offers Accepted||437||517|
|Number of Companies Participated||146||150|
|Highest CTC||–||INR 80 LPA|
|Average Domestic CTC (PGP)||INR 26.18 LPA||INR 28.98 LPA|
|Median Domestic CTC (PGP)||INR 25 LPA||INR 28.6 LPA|
|Top Sectors||Management Consulting and Marketing & Sales||Consulting and General Management|
|Top Recruiters||Amazon, Goldman Sachs, Microsoft||Amazon, 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.
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.
|Particulars||Placement Statistics (2018-20)||Placement Statistics (2019-21)|
|No. of Students registered for Placements||191||245|
|No. of Students Placed||191||245|
|No. of Recruiting Companies visited||150+||140+|
|No. of New Recruiters||50+||60+|
|Highest CTC||INR 46 LPA||INR 30 LPA|
|Average CTC (Top 25%)||INR 21.28 LPA||INR 20.61 LPA|
|Average CTC (Top 50%)||INR 18.72 LPA||INR 18.53 LPA|
|Average CTC (Overall)||INR 15.20 LPA||INR 15.11 LPA|
|Median CTC||INR 14.78 LPA||INR 14.80 LPA|
|Top Domains||BFSI and Strategy & Consulting||IT/ITES and BFSI|
|Top Job Roles||Sales & Marketing and Analytics & Consulting||Sales & Marketing and Analytics & Consulting|
|Top Recruiters||IBM, HDFC Bank, TATA Steel||10K 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:
- 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 Name||College Cutoff|
|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|
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 Ranking||College Name||Average Annual Fees (INR)|
|5||Indian Institute of Technology Delhi||320000|
|8||Xavier Labour Relations Institute (XLRI), Jamshedpur||1180000|
|9||Indian Institute of Technology Kharagpur||468000|
|10||Indian Institute of Technology Bombay||428000|
|11||Management Development Institute, Gurugram||1080000|
|12||National Institute of Industrial Engineering, Mumbai||598000|
|13||Indian Institute of Technology Madras||75,116i|
|14||Indian Institute of Technology Roorkee||415000|
|16||Indian Institute of Technology Kanpur||154000|
|19||S. P. Jain Institute of Management & Research, Mumbai||950000|
|20||Symbiosis Institute of Business Management, Pune||980000|
|22||SVKM`s Narsee Monjee Institute of Management Studies, Mumbai||302000|
|24||Great Lakes Institute of Management, Chennai||962000|
|25||Indian Institute of Foreign Trade, New Delhi||918000|
|26||International Management Institute, New Delhi||870000|
|27||ICFAI Foundation for Higher Education, Hyderabad||801000|
|29||Amity University, Gautam Budh Nagar||608000|
|30||Indian Institute of Technology (Indian School of Mines), Dhanbad||176000|
|31||Kalinga Institute of Industrial Technology, Bhubaneswar||460000|
|32||T. A. Pai Management Institute Manipal||755000|
- 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 2022||Average Fees(INR)|
|Indian School of Business (ISB)||3305120|
|XLRI Xavier School of Management||2360000|
|MDI Gurgaon – Management Development Institute||1980000|
Top 20 MBA Colleges in India 2022 Fee structure
|College Name||MBA Fees|
|IIM Ahmedabad||INR 28,00,000|
|IIM Bangalore||INR 23,00,000|
|IIM Calcutta||INR 23,00,000|
|IIM Lucknow||INR 19,25,000|
|IIM Indore||INR 16,00,000|
|IIM Kozhikode||INR 19,00,000|
|IIM Udaipur||INR 18,50,000|
|IIM Ranchi||INR 15,30,000|
|IIM Rohtak||INR 16,70,000|
|IIM Kashipur||INR 15,66,000|
|IIT Bombay||INR 8,56,000|
|IIT Madras||INR 6,89,000|
|IIT Kharagpur||INR 9,36,000|
|IIT Delhi||INR 9,60,000|
|IIT Roorkee||INR 6,23,000|
|NIT Trichy||INR 1,94,500|
|IIFT New Delhi||INR 18,36,000|
|Symbiosis Pune||INR 11,80,000|
|MDI Gurgaon||INR 21,34,000|
|Narsee Monjee Mumbai||INR 20,84,000|
|XLRI Jamshedpur||INR 23,60,000|
|SP Jain Mumbai||INR 17,50,000|
|FMS Delhi||INR 20,960|
|IMT Nagpur||INR 12,84,000|
|NITIE Mumbai||INR 11,96,000|
Top MBA Colleges with low fees
|College Name||Total MBA Fees|
|University of Allahabad, Allahabad||INR 3,100|
|Ranchi University, Ranchi||INR 5,700|
|Mahatma Gandhi College, Trivandrum||INR 9,120|
|National Institute of Rural Development and Panchayati Raj, Hyderabad||INR 10,500|
|St. Michael’s College, Cherthala||INR 8,310|
|University of Rajasthan||INR 10,880|
|Bhartiya Shiksha Parishad, Lucknow||INR 11,000|
|Indira Gandhi National Tribal University, Anuppur||INR 10,200|
|PSG College of Arts and Science, Coimbatore||INR 18,500|
|Central Agricultural University, Imphal||INR 12,500|
|Visvesvaraya Technological University, Belgaum||INR 13,890|
|Department of Business Management, University of Calcutta||INR 16,500|
|Kakatiya University, Warangal||INR 28,440|
|Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur||INR 12,280|
|Bharathiar University, Coimbatore||INR 83,000|
Top 20 MBA Colleges in India 2022 NIRF Ranking
|NIRF Ranking 2021||IIM Name|
|–||IIM Bodh Gaya|
Top 20 MBA Colleges in India 2022 with placements
|Rank||College Name||Fees(INR)||Average Salary(INR)|
Top Distance MBA Colleges in India
|Rank||College Name||Fees(INR)||Average Salary(INR)|
|College Name||Online MBA Fees|
|Amity University, Noida||INR 3,50,000|
|ITM Gwalior||INR 80,000|
|Jaipur National University, Jaipur||INR 39,000|
|Pondicherry University||INR 24,925|
|NIBM Chennai||INR 14,700|
|Assam Don Bosco University||INR 1,80,000|
Top Executive MBA colleges in India
|College Name||Executive MBA Fees||Executive MBA Duration|
|IIM Ahmedabad||INR 28,00,000||1 year|
|IIM Lucknow||INR 13,70,000||2 years|
|Symbiosis Center for Management and Human Resource Development (SCMHRD), Pune||INR 5,08,500||2 years 6 months|
|Symbiosis Institute of Business Management (SIBM), Pune||INR 6,40,000||2 years 6 months|
|Indian School of Business (ISB), Hyderabad||INR 47,00,000||3 years|
|Amity University, Noida||INR 12,00,000||2 years|
|Indian Institute of Business Management and Studies, Mumbai||INR 50,800||10 months|
|Narsee Monjee Institute of Management Studies (NMIMS), Mumbai||INR 18,50,000||2 years|
|DTU New Delhi||INR 3,80,000||2 years|
|FMS Delhi||INR 1,92,000||2 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