Top MBA Colleges with Rs 20+ Lakhs Average Salary: Check MBAUniverse.com List of 15 B-schools with many surprises!

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MBAUniverse.com News Desk |
November 10, 2020
MBAUniverse.com, India’s No 1 MBA Portal, has compiled a list of top B-schools to apply based on parameters– like Placements, Fee and ROI. To kick off this series, here is a list of Top MBA Colleges where placements (average salary) are above rupees 20 lakhs per annum. For your convenience, MBAUniverse.com has also researched latest fee and admission status for each of these B-schools. Click on links provided to apply
Top MBA Colleges with Rs 20 Lakhs Average Salary

So, you are taking CAT exam and are looking for top B-schools to apply, but are overwhelmed with so many options? Well, don’t fret because help is at hand. MBAUniverse.com, India’s No 1 MBA Portal, has compiled a list of B-schools to apply based on parameters that you want –Placements, Fee and ROI. To kick off this series, here is a list of Top MBA Colleges where Placements (average salary) are above Rs 20 lakhs per annum. There are not many MBA colleges with 20 lakhs average salary in India but during the past few years, the number of top B-schools have crossed the bar of 20 lakh Average Salary In India. 

One of the key points, which is kept in mind, while highlighting the top MBA colleges with Rs 20 lakhs average salary, is that although we have not discussed about the highest MBA salary in India as it is offered to only a few, all the MBA colleges with 20 lakh average salary are also the top MBA colleges with highest  placement salary in India. Next articles in this series will present MBA colleges where average placements are above rupees 15 lakhs per annum and so on. So are you ready for the Best of the Best list of B-schools! Read on…

Before the full list, here are key highlights of MBA Colleges with Rs 20+ lakhs Average Salary:

  • 15 Top B-schools: In total there are at least 15 B-schools in India where Average Salary for Placements 2020 was more than Rs 20 Lakhs pa.
  • Only few IIMs:Of the 15 B-schools, only six are IIMs. That just 40% share for IIMs… So, look at No-IIM B-schools carefully too.
  • Just 1 IIT B-school:While there are five IIT B-schools in list of top 15 B-school Rankings by NIRF 2020, only one IIT B-school makes it to this list!
  • CAT Scores accepted by almost all top B-schools: Baring two B-schools, all other B-schools in this coveted list accept CAT Scores to shortlist.

With that, time to present our list of Top 15 B-schools with Average Salary of Rs 20+ lakhs per annum. Are you ready…! For your convenience, MBAUniverse.com has also researched latest fee and admission status for each of these B-schools. Click on links provided to read more.

B-school #15: SIBM Pune
So here it…At #15 is Symbiosis University’s SIBM Pune, a surprise entry. Five year’s back no one would have thought that this B-school will make it to this elite list. But kudos to the leadership, alumni and students for breaking into this elite list.

  • Avg Salary – Placement 2020: Rs 20.14 Lakhs pa
  • MBA Fee – Admission 2021: Rs 20.72 Lakhs
  • Exam Accepted: SNAP
  • Admission Status: Open
  • Last date to apply: November 28, 2020

B-school#14: IIFT New Delhi
Next is a hot favourite of students looking for global careers and international profiles…IIFT New Delhi. Closely linked with Ministry of Commerce, IIFT has campuses in New Delhi, Kolkata and Tanzania. A new campus is proposed at Kakinada in 2021.

  • IIFT Delhi Avg Salary – Placement 2020: Rs. 20.48Lakhs pa
  • MBA Fee – Admission 2021: Rs. 18Lakhs
  • Exam Accepted:IIFT Entrance Exam
  • Admission Status: Open | Read More
  • Last date: December 20, 2020

B-school#13: NITIE
Here comes the unfancied, but a consistent performer – NITIE Mumbai. Surrounded on three sides by lakes, away from hustle and bustle of the city, NITIE boasts a beautiful campus in heart of Mumbai.Check its average salary and note the relatively low MBA Fee – an icing on the cake!

  • Avg Salary – Placement 2020: Rs. 20.88 Lakhs pa
  • MBA Fee – Admission 2021: Rs. 12.53Lakhs
  • Exam Accepted:CAT
  • Admission Status: Yet to Open
  • Last date: NA

B-school #12: SJMSOM (IIT Bombay)
This is the top rated B-schools among IITs -- SJMSOM-IIT Bombay. It has a moderate fee structure with growing placements and a prestigious top IIT tag.It’s a great place for engineers and tech geeks who can leverage the IIT Bombay ecosystem for start-ups and career in IT and related areas.

  • Avg Salary – Placement 2020: Rs. 20.98 Lakhs pa
  • MBA Fee – Admission 2021: Rs.10.62Lakhs
  • Exam Accepted:CAT
  • Admission Status: Yet to Open | Read More
  • Last date: NA

B-school #11: MDI Gurgaon
At no 11 is MDI Gurgaon, regarded as one of the best management institutes in India.Located bang in the middle of Gurgaon with all top MNCs in vicinity, MDI Gurgaon has a strong industry connect and infrastructure.

  • Avg Salary – Placement 2020: Rs. 22.05 Lakhs
  • MBA Fee – Admission 2021: Rs. 21.34 Lakhs
  • Exam Accepted:CAT
  • Admission Status: Open – Apply Now
  • Last date: November 27, 2020

B-school #10: JBIMS Mumbai
JBIMS Mumbai is known as the “CEO Factory” with alumni like Uday Kotak and Ajay Piramal. But off late it has lost some of its shine as the admission cycle get delayed because of MAH CET exam process delays.

  • Avg Salary – Placement 2020: Rs. 22.84 Lakhs pa
  • MBA Fee – Admission 2021: Rs. 6.00Lakhs
  • Exam Accepted: CATCMATMAH CET
  • Admission Status: Yet to Open | Read More
  • Last date: NA

B-school #9: IIM Indore
One of the top six IIMs, IIM Indore has lowest fee structure among them and has recently joined the club Rs 20 LPA salary list of top B-schools.

  • Avg Salary – Placement 2020: Rs. 22.92 Lakhs pa
  • MBA Fee – Admission 2021: Rs. 16.5 Lakhs
  • Exam Accepted: CAT
  • Admission Status: Closed | Read More
  • Last date: Closed on Sep 23, 2020

B-school #8: IIM Kozhikode
First to embrace multi-disciplinary education and diversity, IIM Kozhikode is one of the top choices for MBA aspirants. IIMK has not led its remote location become a disadvantage. Campus is very scenic and located on hills in God’s own country.

  • Avg Salary – Placement 2020: Rs. 23.08Lakhs pa
  • MBA Fee – Admission 2021: Rs. 19Lakhs
  • Exam Accepted: CAT
  • Admission Status: Closed | Read More
  • Last date: Closed on September 23, 2020

B-school #7: IIM Lucknow
Despite keeping a large batch size of 500 students in diverse range of academic programmes, IIM Lucknow has recorded high placement packages over the years. It has recently increased its fee and released its Placement data in 2020 after many years.

  • Avg Salary – Placement 2020: Rs. 24.25Lakhs pa
  • MBA Fee – Admission 2021:Rs. 19.25Lakhs
  • Exam Accepted: CAT
  • Admission Status: Closed | Read More
  • Last date: September 23, 2020

B-school #6: XLRI Jamshedpur
One of the oldest management institutes in India with a legacy of 70 years, XLRI Jamshedpur has a consistent placement record. Its alumni base is spread all over the world and holding key positions particularly in HR domain.

  • Avg Salary – Placement 2020: Rs. 24.3Lakhs pa
  • MBA Fee – Admission 2021:Rs. 23.6Lakhs
  • Exam Accepted: XAT
  • Admission Status: Open | Read More
  • Last date: November 30, 2020

THE TOP 5! MBA PROGRAMS WITH HIGHEST AVG SALARY IN INDIA
Now we are getting into the really elite list. The Top 5! And there are a few surprises here…If you have not kept track of Placements 2020, you will not believe the Top 3 rankers on this list!

B-school #5: FMS Delhi
At #5 is old and super affordable – FMS Delhi. While the campus may not be fancy, it’s extremely low fee and solid alumni base makes sure that the very best students join FMS ahead of all IIMs except the Top 3 and perhaps an SPJIMR or XLRI. 

  • Avg Salary – Placement 2020: Rs. 25.6Lakhs
  • MBA Fee – Admission 2021: Rs.1.92 Lakhs
  • Exam Accepted:CAT
  • Admission Status: Yet to Open | Read More
  • Last date: NA

While there is a small salary difference in the next three, it is a little shocking that IIM Ahmedabad, which is next on this list, is actually not topping this list. In last five years, IIMA has lost a little bit of its sheen as IIM Bangalore and IIM Calcutta have upped the ante.

Needless to say, IIMA continues to enjoy a stellar reputation amongst all stakeholders. MBAUniverse.com spoke to many 2020-22 batch admits at Top 3 IIMs and found that almost all opted for IIMA over IIMB and IIMC. Will that preference change in Admissions 2020, we will see…

  • B-school #4: IIM Ahmedabad
  • Avg Salary – Placement 2020: Rs. 26.13 Lakhs pa
  • MBA Fee – Admission 2021: Rs. 23 Lakhs
  • Exam Accepted: CAT
  • Admission Status: Closed | Read More
  • Last date: September 23, 2020

B-school #3: IIM Bangalore
Next on the list we have IIM Bangalore, which has consistently increased its reputation and placements. While being in Bangalore has helped, the leadership at IIMB has put in extra efforts to edge past others, and it shows.

  • Avg Salary – Placement 2020: Rs. 26.18Lakhs pa
  • MBA Fee – Admission 2021: Rs. 23.2Lakhs
  • Exam Accepted:CAT
  • Admission Status: Closed | Read More
  • Last date: September 23, 2020

Now comes the real surprise of this list.

B-school #2: SPJIMR Mumbai
At #2 is not IIMA or IIMB or XLRI but SPJIMR Mumbai. While this was always a good B-school and ranked amongst the Top 10, in the last few years, SPJIMR has upped its game. Industry-engagement, curriculum and pedagogy are stronger than ever. Strategically, it has kept its batch size very small – only 240 seatscompared to 500+ for most IIMs. Fee is also relatively modest. This ensure the best join and get placed faster than top IIMs. Recent top International Accreditations & Global Rankings are the icing on the cake.

  • Avg Salary – Placement 2020: Rs. 26.36Lakhs pa
  • MBA Fee – Admission 2021: Rs. 17.5Lakhs
  • Exam Accepted: CAT
  • Admission Status: Open – Apply Now
  • Last date: November 27, 2020

Finally, we have reached the peak. Ahead of IIMA and IIMB, IIM Calcutta has topped Placements season 2020 with a significantly higher salary.

B-school #1: IIM Calcutta
Set up in 1961 in collaboration with Alfred P. Sloan School of Management (MIT), IIM Calcutta has always been a top choice for MBA aspirants. But it was getting a bit jaded. New leadership has put a new life with new initiatives and visibility. But will it be able to maintain the numero uno position in Placements 2021, only time will tell!

  • Avg Salary – Placement 2020: Rs. 28Lakhs pa
  • MBA Fee – Admission 2021: Rs. 22.6Lakhs
  • Exam Accepted: CAT
  • Admission Status: Closed | Read More
  • Last date: September 23, 2020

With that we have come to the end of our first list with Top B-schools with average salary of more than Rs 20 lakhs. Hope you liked this article. Stay tuned to MBAUniverse.com for the next post in this series soon. Meanwhile, here are some essential resources to guide your MBA Admission journey: