Top MBA Colleges in India 2022: Ranking, Fees, Admission

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

According to the MHRD-NIRF rankings for 2021, the Top 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 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 MBA Colleges in India 2022IIMs, 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 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

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 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 MBA Colleges in India 2022

Candidates are admitted to the Top MBA Colleges in India 2022 based on entrance exam cut-offs. At Top 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 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 Delhi3,20,000
8Xavier Labour Relations Institute (XLRI), Jamshedpur11,80,000
9Indian Institute of Technology Kharagpur4,68,000
10Indian Institute of Technology Bombay4,28,000
11Management Development Institute, Gurugram10,80,000
12National Institute of Industrial Engineering, Mumbai5,98,000
13Indian Institute of Technology Madras75,116i
14Indian Institute of Technology Roorkee4,15,000
16Indian Institute of Technology Kanpur1,54,000
19S. P. Jain Institute of Management & Research, Mumbai9,50,000
20Symbiosis Institute of Business Management, Pune9,80,000
22SVKM`s Narsee Monjee Institute of Management Studies, Mumbai3,02,000
24Great Lakes Institute of Management, Chennai9,62,000
25Indian Institute of Foreign Trade, New Delhi9,18,000
26International Management Institute, New Delhi8,70,000
27ICFAI Foundation for Higher Education, Hyderabad8,01,000
29Amity University, Gautam Budh Nagar6,08,000
30Indian Institute of Technology (Indian School of Mines), Dhanbad1,76,000
31Kalinga Institute of Industrial Technology, Bhubaneswar4,60,000
32T. A. Pai Management Institute Manipal7,55,000
  • 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 MBA Colleges in India 2022Average Fees(INR)
IIM Bangalore23,00,000
IIM Calcutta24,00,000
Indian School of Business (ISB)33,05,120
IIM Lucknow19,25,000
FMS Delhi20,960
SPJIMR Mumbai19,00,000
XLRI Xavier School of Management23,60,000
IIM Indore16,20,000
MDI Gurgaon – Management Development Institute19,80,000

Top 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 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 MBA Colleges in India 2022 with placements

RankCollege NameFees(INR)Average Salary(INR)
1IIM Ahmedabad23,00,00026,10,000
2IIM Calcutta27,00,00027,90,000
3IIM Bangalore23,00,00026,18,000
4FMS, Delhi81,00026,40,000
5IIM Rohtak16,65,00013,74,000
6IIFT Delhi7,60,00020,50,000
7IIM Ranchi15,30,00015,11,000
8MDI Gurgaon21,34,00022,10,000
9IIM Indore16,10,00022,93,000
10IIM Kozhikode19,00,00023,01,000

Top Distance MBA Colleges in India

College NameDistance MBA Fees
Indira Gandhi National Open University (IGNOU), New DelhiINR 37,800
ICFAI Foundation for Higher Education, HyderabadINR 75,000
Symbiosis Center for Distance LearningINR 50,000
BBG Distance Learning CentreINR 38,000
ICFAI University, Directorate of Distance Education, AgartalaINR 60,000
IMT Ghaziabad Center for Distance LearningINR 1,10,000
Annamalai University, CuddaloreINR 28,500
Narsee Monjee School for Continuing Education, MumbaiINR 144,000
MIT School of Distance Education, PuneINR 60,000
Tamil Nadu Open UniversityINR 22,300
Karnataka State Open UniversityINR 35,000

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

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