Top Private MBA Colleges in India 2022
Saurav Anand
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April 15, 2022
Top Private MBA Colleges in India 2022
Here is the list of Top Private MBA Colleges in India 2022– Top MBA Colleges in India 2022 and Best MBA Colleges in India includes Top 15 private colleges in India, Top private MBA Colleges in India with Low fees and Private MBA Colleges with Good Placements. MDI Gurgaon, XLRI Xavier School of Management (Jamshedpur), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), NMIMS School of Business Management (Mumbai), IBS Hyderabad, and more are the Top Private MBA Colleges in India 2022. There are number of Top Private MBA Colleges in India 2022, but SIBM Pune, NMIMS School of Business Management (Mumbai), MDI Gurgaon, SPJIMR, Mumbai , NITIE Mumbai, Great Lakes Institute of Management, Chennai, XLRI Xavier School of Management (Jamshedpur), ICFAI Business School (IBS), Hyderabad, IIFT Delhi, TAPMI, Manipal are Top 10 Private MBA Colleges in India.
FMS Delhi, IIFT Delhi, MDI Gurgaon, NITIE Mumbai and more are the Private MBA Colleges with Good Placements. SPJIMR, Mumbai, XLRI Xavier School of Management (Jamshedpur), FMS Delhi, are the Decent MBA Colleges in India. Top private MBA colleges in India rankings according to NIRF, MDI Gurgaon has ranked 10th, XLRI Xavier School of Management (Jamshedpur) ranking is 9th. Top private MBA colleges in India with low fees are Christ University, Bangalore, bits pilani and more. Top private b-schools in India 2021
XLRI Xavier School of Management (Jamshedpur), MDI Gurgaon, SPJIMR, Mumbai and so on. Tier 1 B-schools in Mumbai are XLRI Xavier School of Management (Jamshedpur), SIBM Pune, [JBIMS],Mumbai and more. There are some Best MBA colleges in India with fees such as NMIMS School of Business Management (Mumbai), MDI Gurgaon, SPJIMR, Mumbai , and more. Management Colleges in Delhi includes IMI Delhi, IIFT Delhi, and Amity University Noida and more. BBA+MBA Colleges in India includes Lovely Professional University, [LPU] Jalandhar, IMS Unison University, [IUU] Dehradun, UPES, Dehradun and more.
Highlights: Top Private MBA Colleges in India 2022
| Parameters | Particulars/ Statistics |
|---|---|
| No. of Private MBA Colleges in India | 2960 (Approximately) |
| Fees | Annual Fee 5 lakh: 86% |
| Top Specialisations | Finance Sales & Marketing Human Resources Operations IT & Systems Business Analytics International Business Entrepreneurship |
| Admission Process | Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP |
| Top MBA Colleges in India | SPJIMR, XLRI, MDI, IMT, GIM Goa, IMI, GLIM SIBM, etc. |
Top Private MBA Colleges in India 2022
There are total 2900 private MBA colleges in India. Top Private MBA Colleges in India 2022 are MDI Gurgaon, XLRI Xavier School of Management (Jamshedpur), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), NMIMS School of Business Management (Mumbai), IBS Hyderabad. The Top private MBA colleges in India 2022 provide the best infrastructure and pedagogy, as well as the most recent MBA curriculum, practical training, popular and niche specialisations, foreign exchange programmes, and campus placements. Although the course fees at these MBA schools are on the higher side, the return on investment (ROI) is favourable. Here is the list of Top 10 Private MBA Colleges in India 2022 which is given below.
| Name of the College | Average Annual Fee (in Rs) |
|---|---|
| NITIE Mumbai | 11.43 Lakh |
| XLRI Xavier School of Management, Jamshedpur | 23.60 Lakh |
| MDI Gurgaon | 21.34 Lakh |
| IIFT Delhi | 8.75 Lakh |
| SIBM Pune | 10.20 Lakh |
| SPJIMR, Mumbai | 17.87 Lakh |
| NMIMS School of Business Management, Mumbai | 12.05 Lakh |
| TAPMI, Manipal | 15.01 Lakh |
| Great Lakes Institute of Management, Chennai | 11.81 Lakh |
| ICFAI Business School (IBS), Hyderabad | 14.14 Lakh |
Admission Process
The admission procedure for MBA in India differs by college, but the framework stays same. Students must first fill out an application for the college to which they wish to go, and then take a test in Mathematics, Logical Reasoning, and English.
The topmost students are invited for group discussion, extempore, personal interview, and aptitude test time after receiving their mark sheets. Each college has its own criteria for selecting students after these rounds.
NIRF Ranking in India
The Government of India - NIRF (National Institutional Ranking Framework) gives rankings for Institutions based on their overall performance in that year under the Ministry of HRD. On September 9, 2021, the most recent NIRF Ranking was published online. The NIRF MBA Ranking 2021 was issued after evaluating higher educational establishments on a variety of criteria.
- Graduation Outcome (GO)
- Outreach and Inclusivity
- Perception (PR)
- Teaching, Learning and Resources (TLR)
- Research, Professional Practice & Collaborative Performance (RPC)
Top Private MBA colleges in India Rankings
Top private MBA colleges in India rankings according to NIRF, MDI Gurgaon has ranked 10th, XLRI Xavier School of Management (Jamshedpur) ranking is 9th. The top 100 MBA colleges in India are ranked across the country based on a variety of criteria, including teaching, learning, and resources, graduation outcomes, research and professional practises, outreach and inclusivity, and perception. Here is the list of Top Private MBA colleges in India Rankings which is given below.
| 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 |
Top Private MBA Colleges in India with Fees
Top Private MBA Colleges in India with Fees range between 1 lakhs to 5 lakhs. Top private MBA colleges in India with low fees are Christ University, Bangalore, bits pilani and more. Here is the list of Top Private MBA Colleges in India with Fees which is given below.
| Name of the College | Fees |
|---|---|
| School of Business, University of Petroleum and Energy Studies, Dehradun | ₹ 1,526,000 |
| ITM Navi Mumbai | ₹ 1,045,000 |
| Great Lakes Institute of Management, Chennai | ₹ 1,586,000 |
| Christ University, Bangalore | ₹ 775,000 |
| SPJIMR, Mumbai | ₹ 1,900,000 |
| IBS Hyderabad | ₹ 525,000 |
| DBS dehradun | ₹ 557,000 |
Private MBA colleges with Good Placements
FMS Delhi, IIFT Delhi, MDI Gurgaon, NITIE Mumbai and more are the Private MBA Colleges with Good Placements. Highest package and average was goods which Top Top Private MBA Colleges in India 2022 is mentioned below. Here is the list of Private MBA colleges with Good Placements which is given below.
| Name of the College | Average Placement Package (in Rs) |
|---|---|
| NITIE Mumbai | 20.88 LPA |
| XLRI Xavier School of Management, Jamshedpur | 25.08 LPA |
| MDI Gurgaon | 23.15 LPA |
| IIFT Delhi | 21.08 LPA |
| SIBM Pune | 19.56 LPA |
| SPJIMR, Mumbai | 19.50 LPA |
| NMIMS School of Business Management, Mumbai | 17.79 LPA |
| TAPMI, Manipal | 11.50 LPA |
| Great Lakes Institute of Management, Chennai | 13.60 LPA |
| ICFAI Business School (IBS), Hyderabad | 7.88 LPA |
Best MBA colleges in India with Fees
The top MBA colleges in India for MBA courses with annual fees ranging from INR 50,000 to INR 30 Lakhs. The average MBA fees in India’s top IIMs and top private MBA colleges range between INR 20 and 23 lakhs per year. The Best MBA colleges in India with fees are listed below.
| College Names | MBA Fees |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Lucknow | INR 20,10,000 |
| IIM Indore | INR 17,01,422 |
| IIM Udaipur | INR 21,00,000 |
| IIM Ranchi | INR 17,60,000 |
| IIT Bombay | INR 1,00,000 |
| IIT Madras | INR 4,10,000 |
| IIT Kharagpur | INR 1,64,558 |
| IIT Delhi | INR 10,24,000 |
| IIT Roorkee | INR 4,28,000 |
Management Colleges in Delhi
Management Colleges in Delhi includes IMI Delhi, IIFT Delhi, and Amity University Noida and more. More than 200 MBA colleges in Delhi, including many top MBA colleges in Delhi NCR, provide quality management education, making the entire Delhi National Capital Region a cherished dream of aspirants seeking management education from Delhi Management Institutes. In Delhi NCR, there are 52 government MBA colleges in Delhi and 475 private MBA colleges in Delhi. Here is the list of Management Colleges in Delhi along with their fees structure which is given below.
| 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 |
BBA+MBA Colleges in India
BBA+MBA Colleges in India includes Lovely Professional University, [LPU] Jalandhar, IMS Unison University, [IUU] Dehradun, UPES, Dehradun and more. Here is the list of BBA+MBA Colleges in India which is given below.
| Name of the College | Fees |
|---|---|
| UPES, Dehradun | Rs. 16.80 Lakh |
| Nirma Institute of Management, Ahmedabad | Rs. 10.06 Lakh |
| Lovely Professional University, [LPU] Jalandhar | Rs. 4.76 Lakh |
| Universal Business School, [UBS], Karjat (Mumbai) | Rs. 21.12 Lakh |
| IMS Unison University, [IUU] Dehradun | - |
Top Private MBA colleges in India without Entrance Exam
Following the Top 100 B-schools, colleges offer direct MBA admission without an entrance exam to fill their seat quota. They advise students to take exams such as the MAT or ATMA to complete the process. Many MBA colleges, such as SOIL, offer PGP/PGDM programmes, and there is no national exam required for admission. MBA exams such as the MAT, CMAT, or ATMA are recommended because admission to B-schools ranked after the Top 50 is possible even at a low percentile. Here is the list of Top Private MBA colleges in India without Entrance Exam which is given below.
| MBA College | Fees |
|---|---|
| School of Inspired Leadership – SOIL, Gurgaon | INR 12,50,000-16,50,000 |
| Regenesys Institute of Management Mumbai | INR 16,00,000 |
| Amity Global B-school School (Amity University) in Delhi NCR, Bangalore, Pune, Mumbai and many other locations | INR 3,75,000-7,00,000 |
| CII School of Logistics, Amity University, Noida | INR 8,61,000 |
| Birla Global University, Bhubaneswar | INR 7,50,000 |
| UPES School of Business, UPES University, Dehradun | INR 13,34,000 |
| O P Jindal Global University | INR 11,00,000 |
| School of Management and Entrepreneurship, Shiv Nadar University, Greater Noida | INR 10,000,00 |
| GIBS Bangalore | INR 5,50,000 |
| IIBS Bangalore | INR 7,00,000 |
The top private MBA colleges in India offer best infrastructure and pedagogy, latest MBA curriculum, popular and niche specialisations, practical training, foreign exchange programs and campus placements. Although the course fee of these MBA colleges are on the higher side, the return on investment (ROI) is good.
There are over 2900 private MBA colleges in India. Some of them are well reputed and ranked on par with the IIMs. The top private MBA colleges in India include 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. Read below all about MBA rankings and best private MBA colleges in India.
Private MBA Colleges in India: Eligibility Criteria
The eligibility criteria for an 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 percent aggregate or equivalent and five percent relaxation to students belonging to reserved categories.
Professional degree holders such as MBBS/CA/CS/ICWA, etc. are also eligible to pursue MBA
ROI of Top 10 Private MBA Colleges in India
A major factor that contributes to an institute’s high rank is the Return on Investment or ROI. But what is ROI, ROI can be referred to as the balance or gap between the course fee and salary offered in the job secured on the basis of the course.
The ROI of top private MBA colleges in India is satisfactory which is why they find a place in all India rankings by agencies and business magazines. The best private MBA colleges in India with the average annual fee.
| Top Private MBA Colleges in India | 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 Recruiters for MBA Graduates
MBA graduates from any domain are in high demand. All organisations (big or small, private or government) hire MBA degree holders in various capacities. Below is the list of few top companies which visit the top private MBA colleges in India to recruit management graduates:
| Top Private MBA Colleges in India | Top Recruiters |
|---|---|
| XLRI Xavier School of Management, Jamshedpur | Tata Projects, HR Consultancy, Schindler Elevators, EY, Genpact, Infosys, PricewaterhouseCoopers, Tata Consultancy Services, DIAGEO, Accenture, Addeco, Dr.Reddys Laboratories, Ameex Technologies, Cipla, Alten, Allianz Global Investors, McKinsey & Co., Boston Consulting Group, Accenture Strategy, etc. |
| MDI Gurgaon | Nestle, Coca-Cola, Airtel, Tata Consumer Products Ltd., ITC Ltd., Godrej Industries Ltd., JPMorgan Chase & Co., HSBC Bank, ICICI Bank, Bank of America, Axis Bank, Delhivery, Ninjacart, Uber, Amazon, PwC US Advisory, McKinsey Digital, Deloitte USI, Hinduja Group, etc. |
| NITIE Mumbai | Colgate-Palmolive, Johnson & Johnson, HUL, ITC, Diageo, P&G, Accenture Digital, Cognizant Business Consulting, E&Y, Deloitte India, KPMG, McKinsey, Asian Paints, Castrol, Maruti Suzuki, Coromandel, Crompton, Avery Dennison, etc. |
| SPJIMR, Mumbai | Alvarez & Marsal, The Bridgespan Group, Praxis Global Alliance, Accenture Strategy, Avalon Consulting, Bain & Company, Boston Consulting Group, Deloitte, Ernst & Young, GEP, IBM, KPMG, PwC, etc. |
| SIBM Pune | Wipro, Accenture, ICICI Bank, Capgemini, Cognizant, TCS, IBM, HCL Technologies, Amazon, Infosys, Genpact, HSBC, etc. |
| Great Lakes Institute of Management, Chennai | Accenture Strategy, Aditya Birla Capital, Dell, Deloitte, Decathlon, ITC Infotech, L&T Infotech, Magicbricks, Societe Generale, McKinsey, Crisil, Dell, Deloitte, KVB, JP Morgan, Ford, RBS, Cognizant, Infosys, ICICI, HSBC Technologies, etc. |
| NMIMS School of Business Management, Mumbai | Bosch, Reliance Industries, Agro Tech Foods, Bacardi, Whirlpool, Xiaomi, Aditya Birla Insurance Brokers, EY, HDFC Bank, J P Morgan, Aditya Birla Fashion & Retail, Axis My India, Birla Sun Life Insurance, Raymond, Cognizant Business Consulting, Mahindra Logistics, Maruti Suzuki, ICICI Bank, DHL Express, Essar, etc. |
| ICFAI Business School (IBS), Hyderabad | HDFC Bank, Tata Consultancy Services, ICICI Bank, Cognizant, HSBC, E&Y, Genpact, Wipro Limited, Deloitte, Accenture, IDFC Bank, Kotak Mahindra Bank, Amazon, etc. |
| IIFT Delhi | Bajaj Auto, Hero MotoCorp, Maruti Suzuki India Limited, TVS, Tata Steel, L&T, JSW & Metal Power, ITC, Pidilite, Dabur, Dell, Philips, Shell, TATA Sky, HT Media, Games 24×7, ABFRL , Goldman Sachs, HSBC, JPMC, Yes Bank, Citi Bank, ICICI Bank, DE Shaw, etc. |
| TAPMI, Manipal | Infosys, Tata Consultancy Services, ICICI Bank, Deloitte, Mu Sigma Business Solutions, E&Y, Raam Group, KPMG, Wipro Technologies, MakeMyTrip, Capgemini, Brillio Technologies, etc. |
People Also Asks
Q. Job Roles Offered After Completing MBA?
Ans. With the growing demand for MBA, students can bag excellent opportunities in both the public and private sectors. MBA graduates can start their own business or work as an entrepreneur to implement their learning in the real world or start a school/ institution. Those seeking job opportunities can be recruited under the profiles listed below:
- Operations Manager
- Product Manager
- Finance Manager
- Sales Manager
- Marketing Manager
- Human Resources Manager
- Data Analytics Manager
- Digital Marketing Manager
- Advertising Sales Manager
Q. What are the Study Options After MBA?
Ans. Graduates from private MBA colleges can choose from multiple courses to pursue higher education or certification. The popular courses are given below:
- Certified Information Systems Auditor (CISA)
- Certification in Risk Management Assurance (CRMA)
- Certified in Production and Inventory Management (CPIM)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM) Exam
- Project Management Professional (PMP)
- Second MBA from an international business school
Q. How Affordable is Studying in a Top Private MBA College in India?
Ans. Based on the below pie chart, it can be estimated that pursuing MBA in a top private college is expensive as around 86 per cent of top private MBA colleges in India have fees of above Rs 5 lakh. About nine per cent of top private MBA colleges in India have course fees in the range of Rs 3 to 5 lakh. About two per cent best private MBA colleges in India have course fees in the range of Rs 2 to 3 lakh and about three per cent top private MBA colleges in India have course fee under Rs 1 lakh.
Refer to the infographics below for an overview of course fee of the best private MBA colleges in India.
Q. Is LNCT Good for an MBA?
Ans. Best MBA College in Bhopal. LNCT MBA seeks to be a contextually-relevant business school with world-class academic standards that develop socially. Master of Business Administration or MBA is one of the most popular post-graduate programs in India.
Q. What is there in the MBA course?
Ans. The MBA course is an academic programme oriented towards management and marketing. It includes subjects such as Organisational Behaviour, Marketing, Principles of Management, Supply Chain Management, Operations Management, etc.
Q. What is the average package at LNCT Bhopal?
Ans. The highest package is 19 lakh and the average package is 4.5 lakh. The college will also provide internships to the students.
Q. Is MBA hard to study?
Ans. MBA is not difficult for an average student but it may vary. Studying MBA pushes a person out of their comfort zone and adapts themselves with International Business trends, Application of new management tools and techniques and prepares them to survive the rapidly changing business environment.
Q. Is MBA done after 12th?
Ans. No, you can’t do an MBA after 12th as it’s a master’s degree and before master’s one needs to have a bachelor’s degree.
Q. Which MBA is best for becoming a CEO?
Ans. A general MBA from a top business school is a good path to take for aspiring CEOs. However, if you already have a well-rounded business education, earning an MBA in finance or another relevant discipline could also be an effective approach.
Reviews
MBA is one of the most popular postgraduate programmes in India. The two-year programme is a gateway to multiple managerial level job opportunities such as Finance Manager, Sales Manager, Marketing Manager, etc. This course curriculum is designed to impart knowledge related to operations of a business and managing the business operations.
Conclusion
90 percent of the MBA colleges in India are run as private colleges while seven per cent are run by the Government.
Frequently Asked Questions
Q. Which are the top private MBA colleges in India?
Ans. MDI Gurgaon, XLRI Xavier School of Management (Jamshedpur), S.P. Jain Institute of Management and Research – SPJIMR (Mumbai), NMIMS School of Business Management (Mumbai), IBS Hyderabad, and more are the Top Private MBA Colleges in India 2022.
Q. Which private MBA college has best placement?
Ans. FMS Delhi, IIFT Delhi, MDI Gurgaon, NITIE Mumbai and more are the Private MBA Colleges with Good Palcements.
Q. What is the fees of XLRI Jamshedpur?
Ans. Fees of XLRI Jamshedpur are Rs. 23.60 lakh. Top Private MBA Colleges in India with Fees range between 1 lakhs to 5 lakhs.
Q. Which is the No 1 MBA colleges in India?
Ans. IIM Ahmedabad tops the list of India’s top MBA colleges, followed by IIM Bangalore, IIM Kolkata, and so on. NIRF rankings showcasing the top MBA colleges in India 2021 include the three mentioned above, as well as IIM Kozhikode, IITs such as IIT Delhi, and XLRI MDI Gurgaon, to name a few.