Top 50 MBA Colleges in India
Saurav Anand
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March 16, 2022
Top 50 MBA Colleges in India
Most people think of the IIMs when they talk about top MBA colleges in India. Over the years, the scenario has changed and many other MBA colleges have made it to the list of top MBA colleges in India 2022. MBA colleges in India include IIMs, XLRIs, ISBs, IITs, SPJIMRs, FMS Delhi Universities, MDIs, and IMTs, among others. There are many top MBA colleges in India, including the Indian Institutes of Management (IIM), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and many others.
A number of options are available to you if you are considering an MBA program. On the other hand, you may be overwhelmed by the sheer amount of information you find on the internet about the Top business schools in India. We’ve created a table that shows the top 50 MBA Colleges in India along with their tuition fees, flagship programs, entrance exams, and average salary post-MBA.
There are several top MBA colleges in India, including IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, and IIM Indore. The usual eligibility criteria include graduation with a minimum of 50% grades. Admission to MBA Colleges is open to students from all disciplines. Candidates who seek an MBA will receive top-tier education, good placement chances, an alumni network, and instructors, among other benefits, in order to have the best learning experience and career.
Top 50 MBA Colleges in India
We have ranked the top MBA colleges in India based on post-MBA salary based on the most recent NIRF ranking 2021. The Indian Institutes of Management (IIM), ISB, MDI, IIT, SPJIMR, FMS Delhi University, XLRI ,IMT, and many more are among the top MBA colleges in India. Here is the table of Top 50 MBA Colleges in India.
| Sr.no | NIRF 2021 Ranking | Top MBA Colleges in India | Location | Program | Average/Mean/Median Salary (INR) | Tuition Fees(domestic) INR | Accepted Exam |
|---|---|---|---|---|---|---|---|
| 1 | 2 | IIM Bangalore | Bangalore | PGP | 28,96,000 | 23,00,000 | CAT/GMAT |
| 2 | 3 | IIM Calcutta | Kolkata | PGP | 27,00,000 | 24,00,000 | CAT/GMAT |
| 3 | NA | Indian School of Business (ISB) | Hyderabad | PGP | 28,29,000 | 33,05,120 | GMAT/GRE |
| 4 | 7 | IIM Lucknow | Lucknow | PGP | 26,00,000 | 19,25,000 | CAT/GMAT |
| 5 | NA | FMS Delhi | Delhi | MBA | 26,00,000 | 1,92,000 | GMAT/CAT |
| 6 | 19 | SPJIMR Mumbai | Mumbai | PGDM | 25,00,000 | 19,00,000 | GMAT/CAT/XAT |
| 7 | 8 | XLRI Xavier School of Management | Jamshedpur | PGDM (Business Management) | 24,30,000 | 25,80,000 | XAT/GMAT/CAT |
| 8 | 6 | IIM Indore | Indore | PGP | 23,60,000 | 16,20,000 | CAT/GMAT |
| 9 | 11 | MDI Gurgoan – Management Development Institute | Gurugram | PGDM | 22,00,000 | 21,34,000 | CAT/GMAT |
| 10 | 1 | IIM Ahmedabad | Ahmedabad | PGP | 22,82,000 | 23,00,000 | CAT/GMAT |
Top MBA Colleges in India: Highlights
Entrance examinations are used to determine admission to MBA programs, which are then followed by a round of personality evaluations, a group discussion, a written ability test, and a personal interview. Students must have at least a 50% average in their undergraduate degree from any subject to be eligible for MBA courses.
| Colleges Affiliated To | EQUIS, AICTE, etc. |
| Recognition | MHRD, AIU, UGC, BVB, etc. |
| Entrance Exams | CAT, XAT, CMAT, MAT |
| Specialisations | Sales and Marketing, Human Resources, Foreign Trade, Finance etc |
| Approximate Fees | 70000 to 23,00,000 Approximate Fees |
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 university level 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 Management Sion, Mumbai.
- Chetana's Institute of Management and Research Bandra East, Mumbai.
- SP Jain School of Global Management Kurla West, Mumbai.
- Indira Institute of Business Management Navi 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 .
Top MBA government college in Mumbai and government MBA colleges in Mumbai offer MBA and PGDM (Postgraduate Diploma in Management) through Online, Offline as well as Distance Education Learning modes. Mumbai, sometimes known as the "City of Dreams" or the "Finance Capital of India," is home to more than 260 of India's finest MBA institutions. The AICTE has authorized 57 mba institutions in Mumbai, whereas the UGC has approved 17. MBA programs are available in a variety of specialities, from finance and marketing to supply chain management and urban planning, at the best MBA college in Mumbai. MBA Mumbai university costs vary depending on which institutes give world-class amenities.
- Of the total 262 MBA colleges in Mumbai, Around 106 are private, and 11 are MBA public college in Mumbai.
- Indian Institute of Technology - [IITIIT Bombay, National Institute of Industrial Engineering, Mumbai and S. P. Jain Institute of Management & Research are ranked as 10, 12 and 19 respectively in NIRF The ranking for 2021.
- Shailesh J. Mehta School of Management SJMSOM, SPJIMR, IIT Bombay, SBM NMIMS are some of the best schools to study MBA located in Mumbai.
- MBA admissions into the top MBA colleges in Mumbai are usually made by means of an entrance test called the CAT. Many colleges also accept other exam scores like MAT, XAT ,CMAT, NMAT ,ATMA ,MAH CET or even GMAT and GRE.
- IHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Studies [BVCHTMSIHM Mumbai, Bharati Vidyapeeth College of Hotel and Tourism Management Navi Mumbai along with ITM Institute of Hotel Management [ITM-IHM] Mumbai are among the top Hotel Management Colleges in Mumbai.
- The fees for taking MBA or PGDM courses at the top MBA schools in Mumbai could range from INR 500,00 to 30 Lakhs annually, based on the schools.
- Some of the best MBA institutions in Mumbai that charge lower than INR 60,000 are K. C. College of Management Studies [KCCMSKCCMS Mumbai, ISMS Mumbai, Mumbai University MBA as well as KJSCCETR Mumbai.
- The top MBA schools in India provide lucrative job opportunities with high pay packages and high ROI. Average CTC is priced between 18-30 LPA.
- Accenture, Amazon, Axis Bank, HCL, HDFC, etc. are among the top firms that take part in programs for placement offered by the best MBA schools in Mumbai.
- SJMSOM Mumbai, SPJIMR Mumbai and SBM NMIMS Mumbai are the most prestigious colleges in Mumbai to study MBA in Finance. They have been placed in the best 10 MBA institutions in Mumbai.
Top 10 MBA Colleges in Mumbai
Tabulated below is the list of top MBA colleges in Mumbai along with their fees structure.
| College Name | Average Fees(INR) |
|---|---|
| SPJIMR, Mumbai | 17,50,000 |
| NMIMS, Mumbai | 19,76,000 |
| NITIE Mumbai | 12,53,000 |
| JBIMS Mumbai | 6,00,000 |
| K J Somaiya Institute of Management, Mumbai | 14,94,000 |
| SIES, Mumbai | 7,20,000 |
| SIMSREE, Mumbai | 1,46,000 |
| IESMCRC, Mumbai | 6,00,000 |
| Chetana’s Institute of Management and Research | 6,60,000 |
| SDA Bocconi Asia Center, Mumbai | 18,60,000 |
Top 10 Government MBA Colleges in Mumbai
Tabulated below is the list of 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 |
List of Top 50 MBA Colleges in India
| SL.No | College | City |
|---|---|---|
| 1 | IIM-Ahmedabad | Ahmedabad |
| 2 | IIM-Bengalore | Bengaluru |
| 3 | IIM-Calcutta | Kolkata |
| 4 | IIM Kozhikode | Kozhikode |
| 5 | IIM Indore | Indore |
| 6 | IIM Lucknow | Lucknow |
| 7 | XLRI | Jamshedpur |
| 8 | IIT Kharagpur | Kharagpur |
| 9 | IIT Bombay | Bombay |
| 10 | MDI | Gurugram |
| 11 | NIIE Mumbai | Mumbai |
| 12 | IIT Madras | Madras |
| 13 | IIT Roorkee | Roorkee |
| 14 | IIM Raipur | Raipur |
| 15 | IIT Kanpur | Kanpur |
| 16 | IIM Tiruchirappalli | Tiruchirappalli |
| 17 | IIM Udaipur | Udaipur |
| 18 | SPIJMR | Mumbai |
| 19 | SIBM | Pune |
| 20 | NMIMS | Mumbai |
| 21 | IIM Shillong | Shillong |
| 22 | Great Lakes | Chennai |
| 23 | IIFT | New Delhi |
| 24 | ICFAI | Hyderabad |
| 25 | IIM Rohtak | Rohtak |
| 26 | IIT Dhanbad | Dhanbad |
| 27 | KIIT | Bhubaneswar |
| 28 | TAPMI | Manipal |
| 29 | IIM Kashipur | Kashipur |
| 30 | Xavier University | Bhubaneswar |
| 31 | GIM | Goa |
| 32 | LPU | Punjab |
| 33 | KLCE | Vaddeswaram |
| 34 | IMT | Ghaziabad |
| 35 | IIM Nagpur | Nagpur |
| 36 | BML Munjal University | Gurgaon |
| 37 | TIET | Patiala |
| 38 | Fore School of Management | New Delhi |
| 39 | BIMT | Greater Noida |
| 40 | Chandigarh University | Mohali |
| 41 | Taxila Business School | Jaipur |
| 42 | UPES | Dehradun |
| 43 | BHU | Varanasi |
| 44 | NIT Tiruchirappalli | Tiruchirappalli |
| 45 | Aligarh Muslim University | Aligarh |
| 46 | KREA University | Sri City, Chittoor |
| 47 | Guru Gobind Singh Indraprastha University | New Delhi |
| 48 | International Management Institute | Kolkata |
| 49 | PSG College of Technology | Coimbatore |
| 50 | Chitkara University | Rajpura |
IIM-A is widely regarded as the top MBA program. IIM-A is a top MBA College because of its excellent teachers, talented alumni, and excellent placements. Recently, IIM-B has outperformed IIM-A in worldwide and a few national rankings. It has emerged as a major competitor for IIM-A.
MBA universities such as IIM Calcutta, XLRI, and NMIMS are among the top 50 MBA colleges in the world. Other top MBA schools include MDI, JBIMS, FMS, IMI, IMT, TAXILA, SPJIMR, and others.
Here is a list of some best MBA colleges including both Government and Private Business schools.
List of Top MBA colleges (Government):
- IIM-A
- IIM-B
- IIM-C
- FMS-DU
- IIM-K
List of Top MBA colleges (Private):
- ISB-Hyderabad
- XLRI-Jamshedpur
- NMIMS
- SPJIMR
- TAXILA
Frequently Asked Questions
Q. Which is the top MBA college in India?
Ans. According to the most recent NIRF rankings, IIM Ahmedabad is the best MBA college in India. IIM Bangalore is ranked second, IIM Calcutta is ranked third, IIM Lucknow is ranked fourth, and IIT-Delhi-DoMS is ranked fifth.
Q. Between a private and a government MBA college, which is better?
Ans. Any MBA college that is UGC recognised and AICTE approved is a good choice because they provide the most up-to-date curriculum. However, the candidate must decide which MBA college to attend from among private and public institutions. Private institutions have better infrastructure, but government institutions have lower fees.
Q. Which are the top MBA colleges in India?
Ans. IIM Bangalore, IIM Ahmedabad, IIM Calcutta, ISB, SPJIMR, FMS Delhi, and many more are among the top MBA colleges in India.
Q. How much does MBA in India cost?
Ans. The average tuition fee for top MBA colleges in India is approximately INR 10,68,413 per year.
Q. Is Cat necessary for MBA?
Ans. No, the candidate must have taken the CAT in order to be admitted to IIM-K. Only CAT scores are accepted by IIMs. IIMs do not accept other entrance exam scores or offer direct admission
Q. Is GMAT accepted in IIM?
Ans. MBA colleges in India that accept the GMAT include IIMs, ISB, SPJIMR, and many other prestigious institutions. If you are an Indian MBA applicant, you can use your GMAT score to apply to MBA programmes both in India and abroad: One-year MBA programmes in India include ISB, IIMs, SPJIMR, XLRI, and Great Lakes.