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GIBS Business School - GIBS Bangalore
Global Institute of Business Studies (GIBS), An Institute of International educational standards, has... Read more
 Bangalore Post Graduate Diploma in Management (PGDM) CAT, XAT, MAT, NMAT, CMAT... read more INR 7,25,000
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REVA University Bangalore
REVA University has been established under the Government of Karnataka Act 80 of the year 2012. The... Read more
 Bangalore Master of Business Administration (MBA) CAT, XAT, CMAT, MAT,... read more
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Symbiosis School of Media & Communication, Bengaluru: SSMC
Affiliated to Symbiosis International University, Symbiosis School of Media & Communication,... Read more
 Bangalore MBA in Communication Management SNAP INR 9,20,000
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MPBIM Bangalore: M P Birla Institute of Management
M.P. Birla Institute of Management is located in the heart of Bangalore urban and students studying at the... Read more
 Bangalore Master of Business Administration CAT, MAT, XAT, CMAT INR 5,30,000
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Don Bosco School of Management
Don Bosco School of Management (DBSOM) is one of the leading Management B-Schools in India, governed and... Read more
 Bangalore PGDM - AICTE APPROVED CAT, XAT, MAT, CMAT, ... read more INR 11,00,000
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IBS Bangalore: ICFAI Business School
Started in 1995, ICFAI Business School (IBS) Bangalore brings together a team of excellent faculty members... Read more
 Bangalore Master of Business Administration (MBA) CAT, XAT, NMAT, IBSAT, ... read more INR 12,06,000
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Updated on: April 18, 2024

 

Pursuing MBA from one of the top MBA colleges in India is the dream of every MBA aspirant. Top MBA colleges in India include not only 21 IIMs but also many other prominent top management colleges in India like FMS Delhi, IIFT Delhi, MBA departments of IITs, JBIMS Mumbai, NMIMS Mumbai and private management institutes like SPJIMR Mumbai, XLRI Jamshedpur, MDI Gurgaon among others. Read the Table of Contents below to know all about the Best MBA Colleges in India 2024.

 

Table of Contents

  1. Top MBA Colleges in India
  2. Top MBA Colleges in India by Ranking 2024 
  3. Top MBA Colleges In India Fees: MBA Fee is an Important Criterion
  4. Top MBA colleges in India Placement
  5. Top MBA Colleges in India: 21 IIMs are amongst the Best MBA Colleges in India
  6. Top MBA Colleges in India: IIT MBA Programs are amongst the Best MBA Colleges in India
  7. Top MBA Colleges in India: Top Private MBA Colleges in India
  8. Top Govt. MBA Colleges in India
  9. City wise Top MBA Colleges in India
  10. Faculty in Top MBA Colleges in India: Key to your Learning Experience
  11. Alumni Base of Top MBA College
  12. MBA Programmes Offered in MBA College
  13. Accreditation of MBA College: Good Quality Check

1. Top MBA Colleges in India
IIM Ahmedabad has been traditionally regarded as Top MBA College in India. It has best faculty, accomplished alumni and great placements. In last 5 years, IIM Bangalore has emerged as a strong competitor to IIMA for the Best MBA College in India award. Helped by location (Bangalore) it has improved all aspects of its education, particularly Executive Education. IIM Calcutta, IIM Kozhikode, XLRI and SPJIMR are other top MBA Colleges in India. IIT Delhi Department of Management Studies and IIT Bombay VGSOM are also top considered amongst top B-schools in India. Other top best MBA Colleges in India include FMS Delhi, IIFT Delhi, MDI Gurgaon and NMIMS Mumbai.

Alert! MBA Admissions 2024 Closing for Top CMAT, MAT Colleges | Apply Now 
IFMR GSB Krea University | Closing Soon | Apply Now BIMTECH Greater Noida| Closing Soon |Apply Now
|IMT Nagpur |  Closing Soon | Apply Now Jaipuria Noida, Lucknow | Closing Soon | Apply Now
S P Jain Global Mumbai | Closing Soon | | Apply Now JAGSoM Bangalore | Closing Soon | Apply Now
Sparsh Greater Noida | Closing Soon | Apply Now VBS Mumbai | Closing Soon | Apply Now
Woxsen University | Closing Soon | Apply Now       MET MUMBAI | Closing Soon | Apply Now
 SSIM Hyderabad | Closing Soon | Apply Now Mahindra University HYD | Closing Soon | Apply Now
IBA Bangalore | Closing Soon | Apply Now JIMS Rohini Delhi | Closing Soon | Apply Now
MAT Exam (May) 2024 Registration Open – Apply Now

 

2. Top MBA Colleges in India by Ranking 2024  
No doubt MBA Ranking is one of the key criteria to choose a B-school. Rankings are based on many parameters including Faculty, Research, Infrastructure, Placements, Fees and many other parameters. While there are many rankings in India, NIRF Ranking 2023, MBAUniverse.com Rankings 2024 and Business Today 2023 are the most credible rankings.

 

Top MBA Colleges in India according to NIRF Ranking 2023; MBAUniverse.com Ranking 2024 and Business Today 2023

Sr No
B-school
NIRF 2023 Rank
MBAUniverse.com
2024 Rank
BT 2023 Rank
1
1
3
2
2
2
1
3
3
3
4
--
4
4
2
1
5
5
15
16
6
6
6
4
7
7
11
--
8
8
8
6
9
9
--
--
10
10
16
--
11
11
22
--
12
12
--
--
13
13
10
7
14
Indian Institute of Technology Kharagpur
14
--
--
15
Indian Institute of Technology Madras
15
--
--

3. Top MBA Colleges In India Fees: MBA Fee is an Important Criterion
A moderate fee structure with good placement that can assure you about your career prospects is what you might be looking for. So, it will be better to compare the fee structures of different B-schools and the benefits of learning arising out of it before finalizing your MBA admission decision.

 

IIM Ahmedabad, Bangalore, Calcutta are ranked among the best MBA colleges in India on various parameters in almost all the rankings, however their fee structure is very high and runs above 24-25 lakhs. On the other hand, the Faculty of Management Studies, Delhi University (FMS Delhi) is one of the Best MBA colleges in India with Fee structure as low as Rs. 25,000 per semester and total fee of less than Rs.2 lakhs. It is preferred to many IIMs as it has high RoI with high average placement compatible to top IIMs. Check Top MBA colleges in India with Fees

 

3.1 Top MBA colleges in India Low Fees
FMS Delhi, one of the top MBA colleges in India offers MBA at a fee of Rs.1.92 lakhs, while SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs.2.36 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs.2.45 lakhs Following are some of the Best MBA Colleges in India with low fees

Institute Name
Fees (Rs in lakhs)
 1.92
 2.36
4.05
2.45

Source: MBAUniverse.com

 

4. Top MBA colleges in India Placement
Top MBA College offers highest salary in India and this is the reason that students of various top IITs, NITs, Medical colleges, Chartered Accountants prefer to pursue MBA from one of the Best MBA colleges in India after completing the graduation. If you check the average placements and RoI in the B-schools before making a choice, it will help you take the right admission decision. Which MBA program gets higher Placement? Who are the top recruiters? These queries need to be answered to calculate the RoI, and before you make huge investment to your MBA programme. The division in average placements could be made in 3 categories – Highest Placement B-schools like older IIMs, High Placement B-schools like IITs, TAPMI, Moderate Placement B-schools like BIMTECH, LIBA, Jaipuria among others. You should compare the fee and placements of the B-schools and then choose the right MBA college. Below are some of the top MBA colleges in India placement wise

 

4.1 Top 20 MBA Colleges in India Placement Wise: Average Salary in Placements 2023 and before

Top MBA College by Average Salary
MBA Average Salary 2021
MBA Average Salary 2022
MBA Average Salary 2023
IIM Bangalore
Rs.28.98 LPA
Rs. 33.82 LPA
Rs. 35.31 LPA
IIM Calcutta
Rs. 29.00 LPA
Rs. 34.20 LPA
Rs. 35.07 LPA
FMS Delhi
Rs. 26.20 LPA
Rs. 32.40 LPA
Rs. 34.10 LPA
ISB Hyderabad
Rs. 28.21 LPA
Rs. 34.08 LPA
Rs. 34.21 LPA
IIM Ahmedabad
Rs. 27.54 LPA
Rs. 32.80 LPA
Awaited
Masters Union, Gurugram
Rs 29.12 lakhs
Rs 33.1 lakhs
Rs 34.07 LPA
SPJIMR Mumbai
Rs. 26.06 LPA
Rs. 32.05 LPA
Rs. 33.02 LPA
XLRI Jamshedpur
Rs.25.08 LPA
Rs.30.07 LPA
Rs. 32.70 LPA
IIM Lucknow
Rs. 26.00 LPA
Rs. 31.03 LPA
Rs. 32.20 LPA
IIM Kozhikode
Rs. 22.53 LPA
Rs. 29.50 LPA
Rs. 31.02 LPA
IIM Indore
Rs.23.60 LPA
Rs. 25.01 LPA
Rs. 30.21 LPA
IIFT Delhi & Kolkata
Rs.21.08 LPA
Rs. 25.16 LPA
Rs. 29.10 LPA
SJMSoM IIT Bombay
Rs.21.96 LPA
Rs. 25.93 LPA
Rs. 28.88 LPA
JBIMS Mumbai
Rs.23.16 LPA
Rs. 27.63 LPA
Rs. 28.02 LPA
MDI Gurgaon
Rs.23.15 LPA
Rs. 26.65 LPA
Rs. 27.67 LPA
TISS Mumbai
Rs.19.62 LPA
Rs. 23.97 LPA
Rs. 27.22 LPA
IIM Shillong
Rs.19.17 LPA
Rs. 23.10 LPA
Rs. 26.96 LPA
SIBM Pune
Rs.19.56 LPA
Rs.23.06 LPA
Rs. 26.77 LPA
NMIMS Mumbai
Rs.18.45 LPA
Rs. 23.07 LPA
Rs. 26.63 LPA
DMS IIT Delhi
Rs.18.50 LPA
Rs. 21.90 LPA
Rs. 25.82 LPA

Read Latest MBA Placement 2024 Updates

 

5. Top MBA Colleges in India: 21 IIMs are amongst the Best MBA Colleges in India

Bschool
Placement 2023
Fees
NIRF 2023 Rank
Indian Institute of Management (IIM) Ahmedabad
Awaited
Rs. 25.00 lakhs  (2023-25)
1
Indian Institute of Management (IIM) Bangalore
Rs. 35.31 LPA
Rs. 24.70 lakhs (2023-25)
2
Indian Institute of Management (IIM) Kozhikode
Rs. 31.02 LPA
Rs. 20.50 lakhs  (2023-25)
3
Indian Institute of Management (IIM) Calcutta
Rs. 35.07 LPA
Rs. 25.00 lakhs  (2023-25)
4
Indian Institute of Management (IIM) Lucknow
Rs. 32.20 LPA
Rs. 20.75 lakhs (2023-25) 
6
Indian Institute of Management (IIM) Mumbai
Awaited
Rs. 21.00 lakhs (2024-26)
7
Indian Institute of Management (IIM) Indore
Rs. 30.21 LPA
Rs. 21.17 lakhs  (2023-25)
8
Indian Institute of Management (IIM) Raipur
Rs. 21.04 LPA
Rs. 18.00 lakhs  (2024-26)
11
Indian Institute of Management (IIM) Rohtak
Rs. 18.73 LPA
Rs. 17.90 lakhs  (2023-25)
12
Indian Institute of Management (IIM) Udaipur
Rs. 20.32 LPA
Rs. 21.43 lakhs (2023-25)
16
Indian Institute of Management (IIM) Kashipur
Rs. 18.11 LPA
Rs. 17.30 lakhs (2024-26)
19
Indian Institute of Management (IIM) Tiruchirappalli
Rs. 20.55 LPA
Rs. 19.50 lakhs  (2023-25)
22
Indian Institute of Management (IIM) Ranchi
Rs. 17.30 LPA
Rs. 17.20 lakhs (2023-25)
24
Indian Institute of Management (IIM) Shillong
Rs. 26.96 LPA
Rs. 17.50 to 21.50 lakhs 
(Exact Fee Not announced)
26
Indian Institute of Management (IIM) Visakhapatnam
Rs. 15.47 LPA
Rs. 18.39 lakhs (2023-25)
29
Indian Institute of Management (IIMJ) Jammu
Rs. 16.43 LPA
Rs. 17.15 lakhs (2023-25)
41
Indian Institute of Management (IIM) Nagpur
Rs. 16.74 LPA
Rs. 18.90 lakhs (2024-26)
43
Indian Institute of Management (IIM) Amritsar
Rs. 16.51 LPA
Rs.17.30 lakhs (2023-25)
51
Indian Institute of Management (IIM) Bodh Gaya
Rs. 16.00 LPA
Rs. 17.00 lakhs (2023-25)
53
Indian Institute of Management (IIM) Sambalpur
Rs. 16.64 LPA
Rs. 18.01 lakhs (2023-25)
58
Indian Institute of Management (IIM) Sirmaur
Rs. 14.45 LPA
Rs. 16.20 lakhs (2023-25)
98

Read Latest Update IIM in India

 

6. Top MBA Colleges in India: IIT MBA Programs are amongst the Best MBA Colleges in India

IIT MBA College
IIT MBA Fees
Average Salary in IIT MBA Placement 2023 
IIT Bombay- Shailesh J Mehta School of Management
Rs. 14.08 lakhs
Rs.28.88 LPA
IIT Delhi-Department of Management Studies
Rs. 11.20 lakhs
Rs.25.82 LPA
IIT Madras-Department of Management Studies
Rs.11.14 lakhs (+ 4 lakhs for semester abroad programme)
Rs.20.19 LPA
IIT Kharagpur-Vinod Gupta School of Management
Rs. 12.85 lakh
Rs. 22.13 LPA
IIT Kanpur - Department of Industrial and Management Engineering (IME)
Rs 4.35 lakhs
Rs 18.14 LPA
IIT Roorkee-Department of Management Studies (DoMS)
Rs. 9.68 lakhs
Rs. 18.34 LPA
IIT Dhanbad (ISM) - Department of Management Studies
Rs. 3.67 lakhs
Rs.11.67 LPA
IIT Jodhpur
INR 8.75 Lakhs
Rs.12.95 LPA

Read Latest Update MBA from IITs

 

7. Top MBA Colleges in India: Top Private MBA Colleges in India
Among the top Private MBA Colleges in India are included XLRI Jamshedpur, SPJIMR Mumbai, MDI Gurgaon, IMT Ghaziabad, IMI New Delhi, MICA Ahmedabad, TAPMI Manipal, FORE School of Management Delhi among others.

 

8. Top Govt. MBA Colleges in India
While IIMs are undisputed top MBA colleges which are created with an Act of Parliament and enjoy special autonomous status, the top Government MBA Colleges in India are Govt universities’ MBA departments or complete Government controlled universities like FMS Delhi of University of Delhi; Indian Institute of Foreign Trade (IIFT) Delhi and Kolkata under Ministry of Commerce; JBIMS Mumbai affiliated to Mumbai University; PUMBA-Management department of Pune University among others.  

 

9. City wise Top MBA Colleges in India
In the list below, you will find the Top MBA Colleges in Delhi/NCR; Top MBA Colleges in Mumbai; Top MBA Colleges in Kolkata; Top MBA Colleges in Bangalore; Top MBA Colleges in Chennai; Top MBA Colleges in Pune among other cities:

10. Faculty in Top MBA Colleges in India: Key to your Learning Experience
You need to find out how qualified and experienced is the faculty at the B-school. Every B-school publishes its faculty profile area wise on its website. You must read faculty profiles carefully and do area wise research especially for the MBA program you wish to pursue and look for the qualities like Professional Experience; Academic Qualification; Research Area and publications and Industry engagement.

 

11. Alumni Base of Top MBA College
The older the B-school, higher is its alumni base that leads to better career path due to global network of its old students. How true it is, you will know simply by comparing the 20 IIMs where the older ones complete their placement as early as in February with high salary packages and newer ones struggle till late. FMS Delhi the oldest B-school offering MBA has a legacy of more than 60 years. Its alumni base is spread all over the world. Candidates get placed within a few days when campus placement starts.

 

12. MBA Programmes Offered in MBA College
You need to decide whether you wish to pursue General MBA and take some specific area of specialization in the second year or want to do specialized MBA right from the beginning. There are many top MBA colleges which offer General MBA and very few specialized MBA programs while many other MBA colleges offer specialized MBA programs also, like MBA Finance, MBA HR, MBA Business Analytics, MBA Rural Management among others. The choice has to be made before taking admission.

 

13. Accreditation of MBA College: Good Quality Check
National and International Accreditations awarded to the B-schools reflect the quality of education including curriculum as per Global standard and industry requirement, pedagogy, high quality of faculty and research, facilities at the institute which are prominent parameters to choose the best MBA college. The prominent International and National Accreditations that you should look for, before making a decision on your preferred MBA college, are Association to Advanced Collegiate Schools of Business (AACSB), USA; EFMD Quality Improvement System (EQUIS); Association of MBAs (AMBA), UK; National Board of Accreditation (NBA); National Assessment & Accreditation Council (NAAC). 

Alert! MBA Admissions 2024 Open for Top Colleges | Apply Now
SCMS Cochin | Closing Soon | Apply Now Rajagiri Business School Kochi | Apply Now
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Rajagiri Business School Kochi | Apply Now Jaipuria Noida, Lucknow | Closing Soon | Apply Now
MET MUMBAI | Closing Soon | Apply Now NDIM New Delhi (NDIM) | Closing Soon | Apply Now
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BIMTECH
JIMS Rohini
IMT Nagpur
TAPMI