Master of Business Administration better known by its abbreviation MBA is a post-graduate degree that provides professional training along with theoretical knowledge of business management.
There are over 100 MBA Colleges in India, including 64 privately owned, 44 government and 1 publicly privately owned, for full-time MBA courses. Aspirants need to clear the national-level entrance test after their bachelor’s degree to get admitted to the top MBA colleges in India.
Top Ranking MBA Colleges in India
Students who aspire to build their careers in management are always on the lookout for the top MBA colleges in India.
Here is the list of parameters for ranking both Governmental and Privately owned best MBA colleges in India:-
- Performance Records of the last three years
- Return on Investment
- Infrastructure and Faculty
- Teaching Learning Resources and Pedagogy Research
- Industry Income and Integration
- Placement Strategy and Support Future Orientation
- External Perception and International Outlook
The list serves the purpose of a helping guide to choose your College based on your preference, and needs and on the personal basis of MBA colleges near me.
List of Top Government MBA Colleges
The top MBA colleges in India under the government include Colleges affiliated with the Indian Institute of Management (IIM) such as IIM Ahmedabad, IIM Kozhikode, IIM Bangalore, etc. Aspirants mostly aspire to the top MBA colleges in India owned by the government for their affordable fees, better placement performances and highly appreciated academic curriculum.
The top 10 MBA colleges in India are also categorized as tier 1 MBA Colleges in India as per their excellence in the areas of infractures, academics, faculty, research, placement and presence on National and International Platforms. These are the best colleges for MBA, IIT and private colleges like XLRI.
Here is the list of public top 20 MBA colleges in India based on their NIRF rankings of 2023:-
- IIM Ahmedabad
- IIM Bangalore
- IIM Kozhikode
- IIM Calcutta
- IIT Delhi
- IIM Lucknow
- NITIE Mumbai
- IIM Indore
- IIT Bombay
- IIM Raipur
- IIM Rohtak
- MDI Gurgaon
- IIT Kharagpur
- IIT Madras
- IIM Udaipur
- IIT Roorkee
- IIM Kashipur
- IIM Tiruchirappalli
- IIT Kanpur
- IIM Ranchi
List of Top Private MBA Colleges in India
There are over 60 privately owned top MBA colleges in India, some of which are widely popular for their academic excellence and placement strategies & support. Aspirants can apply to these MBA Colleges based on entrance tests like CAT, MAT, XAT, CMAT, etc.
Here is the list of top NIRF-ranked private top MBA colleges in India:-
- Indian School of Business (ISB), Hyderabad
- XLRI – Xavier School of Management, Jamshedpur
- SP Jain Institute of Management and Research (SPJIMR), Mumbai
- Management Development Institute (MDI), Gurgaon
- Great Lakes Institute of Management, Chennai
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Symbiosis Institute of Business Management (SIBM), Pune
- Institute of Management Technology (IMT), Ghaziabad
- International Management Institute (IMI), New Delhi
- Xavier Institute of Management (XIMB), Bhubaneswar
- T.A. Pai Management Institute (TAPMI), Manipal
- ICFAI Business School (IBS), Hyderabad
- Institute for Financial Management and Research (IFMR), Chennai
- Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune
- Alliance School of Business, Bangalore
- FORE School of Management, New Delhi
- Institute of Rural Management Anand (IRMA), Anand
- Welingkar Institute of Management Development & Research, Mumbai
- KJ Somaiya Institute of Management Studies and Research, Mumbai
- Institute of Management Studies (IMS), Ghaziabad
Top MBA Colleges in India Fees
The fee structure of the top MBA colleges in India is based on the Institute ranking, Pedagogy, Extracurricular Activities and the courses they’re offering. MBA fees in India range from Rs. 20,000 to over INR 50 lakhs for a full 2-year offline program. The fee varies from Institute to Institute, also depending on the private or public ownership.
The government-funded top MBA colleges in India are renowned for their Academic Curriculum and offer of Budget-Friendly courses. While privately owned MBA Colleges are more expensive.
Here is the list of top MBA colleges in India, Courses Offered and their Fees:-
| Institute | Course offered | Fees |
| IIM Ahmedabad | MBA, Executive MBA, Fellowship | INR 23,00 L |
| IIM Bangalore | MBA, PGDM, Executive MBA | INR 23.00 L |
| IIM Calcutta | MBA, PGDM, Executive MBA | INR 27.00 L |
| IIM Lucknow | MBA, PGDM, Graduate Diploma in Management | INR 19.25 L |
| IIM Indore | MBA, PGDM, PhD in Management | INR 10.95 L |
| IIM Kozhikode | MBA, PGDM, PhD in Management | INR 22.50 L |
| FMS – University of Delhi | MBA, PGDM, PhD in Management | INR 10,480 |
| IBS Hyderabad | PGDM, PGPM, Executive MBA | INR 12.06 L |
| MDI Gurgaon | MBA, PGDM, Graduate Certificate in Management | INR 12.53 L |
| SJMSOM, IIT Bombay | MBA, PGDM, PhD in Management | INR 1.50-7.00 L |
Top MBA Colleges in India with Low Fee
For the convenience of aspirants, here is the list of top MBA colleges in India that charge low and affordable fees with good placement opportunities.
| Institute | Fees |
| FMS, Delhi | Rs. 20 Thousand |
| MSU, Baroda | Rs. 29 Thousand |
| Delhi School of Economics, DU | Rs. 31 Thousand |
| IGNOU, Delhi | Rs. 37 Thousand |
| UBS, Chandigarh | Rs. 38 Thousand |
How to take Admission to Top MBA Colleges?
Masters in Business Administration is one of the most preferred post-graduate degrees for aspirants who want to learn management and professional skills. There are several national and state-level entrance tests to seek admission to the top MBA colleges in India. The minimum eligibility criteria for all the entrance exams are:-
- The aspirants must have scored above 50% in their under-graduation.
- Aspirants of reserved categories have a minimum eligibility of 45%.
- They must have passed any entrance test from the list such as CAT, MAT, NMAT, XAT, etc. To seek admission to the top MBA colleges in India.
Here is the list of the most popular entrance tests:-
Common Entrance Test (CAT)
CAT is the most popular entrance test for management aspirants taken by over 2 lakh annually. This test allows admission to the prestigious government top MBA colleges in India such as the Indian Institute of Management and the Indian Institute of Technology (Management Department).
CAT is a computer-based test for admission to graduate management programs. CAT registration for the academic year 2024 will likely open in August and the exam is likely to be held in November this year. CAT has three sections, each section is timed for 40 minutes, making for a total exam duration of 2 hours:-
- Verbal Ability and Reading Comprehension (VARC)
- Data Interpretation and Logical Reasoning (DILR)
- Quantitative Ability (QA).
Best MBA Colleges Without CAT Exam: How to Get Direct Admission
Xavier Aptitude Test (XAT)
XAT, similar to CAT, is a national-level entrance test for admission in MBA colleges’ MBA/PGDM courses, conducted by XLRI, Jamshedpur. Other than Xavier School of Management, 12 more affiliated institutes with XLRI and 160+ B-schools accept XAT examination scores for the admission process.
It is also an MCQ-based examination with a total of 3 sections & with sum marks of 100:-
- Verbal and Logical Ability carries 26 marks
- Quantitative Ability & Data Interpretation carries 28 marks
- General Knowledge carries 25 marks
Common Management Admission Test (CMAT)
CMAT is an online national-level examination conducted by the National Testing Agency (NTA) every year to facilitate institutions to select suitable students for admission in all management programmes approved by AICTE. Registration for this year’s entrance test was open from 29 March-23 April 2024 and the exam is likely to be held on 15 May 2024.
Management Aptitude Test (MAT)
MAT is the Computer-based standard aptitude test conducted by the All India Management Association since 1988. MAT is conducted four times a year in February, May, September, and December. The MAT scores are valid for admission in over 600 MBA Colleges in India.
The MAT examination question paper 2024 consists of five sections such as:-
- English Language
- Mathematical Skills
- Critical Reasoning
- Data Interpretation
- General Awareness
Narsee Monjee Aptitude Test (NMAT)
NMAT is an entrance test conducted by the Graduate Management Admission Council (GMAC) for admission in MBA/PGDM courses in top B-Schools of India and abroad. NMAT includes 3 exam sections: Language Skills, Quantitative Skills, and Logical Reasoning. The registration window of NMAt was open from 1 Aug 2023–10 Jan 2024 and the last exam was conducted between 10 Oct 2023–15 Jan 2024.
What are the Major Career Options after an MBA?
Top MBA College Placements in India
In recent years, IIMs, IIT, FMS, SPJIMR, Taxila Business School, Great Lakes, and IBS have topped the placement records. With the highest package of around INR. 32 LPA offered by companies in IIM Ahmedabad and IIM Bangalore.
The top recruiters of MBA graduates are Amazon, Apple, Bain & Company, Deloitte, Facebook, Boston Consultancy, TCS, Axis Bank, Larsen & Toubro, Amazon, Sunsilk Accenture, etc.
Here is the list of top placement-wise top MBA Colleges in India:-
| MBA Colleges | HighestPlacementPackage 2024 | Highest PlacementPackage 2023 | Average Placement Package 2023-24 |
| IIM Ahmedabad | INR 35.68 LPA | INR 38.64 LPA | INR 31.58 LPA |
| NMIMS Mumbai | INR 26.63 LPA | INR 23.07 LPA | INR 19.56 LPA |
| IIM Sambalpur | INR 13.20 LPA | INR 12.65 LPA | INR 13.64 LPA |
| GIM Goa | INR 09.96 LPA | INR 12.15 LPA | INR 14.87 LPA |
| MICA Ahmedabad | INR 20.09 LPA | INR 14.00 LPA | INR 20.09 LPA |
| IIM Calcutta | INR 35.07 LPA | INR 34.20 LPA | INR 35.07 LPA. |
| IIM Bangalore | INR 35.31 LPA | INR 33.82 LPA | INR 33.31 LPA |
| FMS Delhi | INR 34.10 LPA | INR 32.40 LPA | INR 31 LPA |
| SPJIMR, Mumbai | INR 33.05 LPA | INR 32.06 LPA | INR 31.50 LPA |
| XLRI, Jamshedpur | INR 32.70 LPA | INR 30.08 LPA | INR 28 lakhs |
| IIM Indore | INR 30.21 LPA | INR 25.01 LPA | INR 30.21 LPA |
Conclusion
Masters of Business Administration is a multi-disciplinary postgraduate program that attracts many students to the field of management and business. Several top MBA colleges in India provide quality education and instil management skills in students such as leadership, teamwork, communication, self-sufficiency, and negotiation. The new Executive MBA degree and Online MBA degrees have also gained popularity among youth owing to flexibility.
The college group of Indian Institutes of Management ranks highest in the list of government top MBA colleges in India. There are also several other government and privately owned MBA colleges that offer part-time, full-time, and distance MBA courses to suit the convenience of aspirants.
The admission process for MBA colleges includes online entrance tests like CAT, XAT, MAT, and others mentioned above. The average percentile for admission to IIMs is 90-92%, depending on the institute and the course.
There are several MBA courses to choose from such as Finance, Marketing, Human Resource Management, International Business, Rural Management, Business Analytics, Supply Chain, Agri-Business Management and Health Care Management.
Job profiles after an MBA include Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, etc., with an average salary for MBA graduates ranging from around INR 5 LPA to INR 25 LPA.
All these factors make MBA a dynamic career option for students after undergraduate studies.
MBA (Master of Business Administration) Course
FAQs
Q1. How can I do an MBA in top colleges in India?
To pursue an MBA in India, students need to qualify for entrance exams such as CAT, XAT, NMAT, etc., and then seek admission in management institutes such as IIM, IIT, XLRI, or any other reputable institution.
Q2. What are the best MBA colleges in Hyderabad?
There are around 250+ MBA colleges in Hyderabad including both private and public owned. ICFAI Foundation for Higher Education, the Institute of Management Technology, and the University of Hyderabad are some of the best MBA colleges in Hyderabad.
Q3. What are the best MBA colleges in Delhi?
The capital city of Delhi and Delhi NCR have around 15+ MBA colleges. FMS, MDI Gurgaon, IIT Delhi, IMI Delhi and LBSIM are the best MBA Colleges in Delhi and Delhi NCR.
Q4. What are the top MBA Colleges in Bangalore?
There are 7 top MBA Colleges in Bangalore, including IIM Bangalore, Christ University, Jain Deemed to be University, Alliance University, Welingkar Bangalore, St. Joseph’s Institute of Management and others.
