Top MBA Colleges In India

Updated on: August 06, 2022

Top MBA Colleges in India
Pursuing MBA from one of the top MBA colleges in India is the dream of MBA aspirants. Top MBA colleges in India include not only some of the 20 IIMs but also many other prominent top management colleges in India like FMS Delhi, MBA departments of IITs, JBIMS Mumbai, NMIMS Mumbai and private management institutes like XLRI Jamshedpur, MDI Gurgaon, SPJIMR Mumbai among others.

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Ranking: Not the sole Criteria to Choose a B-school

No doubt Ranking is one of the key criteria to choose a B-school. But the top MBA colleges are not the only ones which are highly ranked only. Other parameters like RoI - which includes the programme fee vs. placement is very important. Apart from this Alumni, learning experience, faculty-student-ratio, legacy, infrastructure among others also count. Your choice of good B-school depends upon most of these parameters.

MBA Programme Fee: 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 23 lakhs. On the other hand, the Faculty of Management Studies, Delhi University (FMS Delhi) is one of the top MBA colleges in India with Fee structure as low as Rs. 25,000 pert 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.

MBA Placements: Check RoI
Check what are the average placements over the years in the B-school before making a choice? 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:

Faculty: 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.

Alumni Base
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.

Programmes Offered
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.

Accreditation: 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).

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, XLRI and SPJIMR are other three MBA Colleges that complete Top 5 B-schools in India list. Other top MBA Colleges in India include: MDI Gurgaon, NMIMS, JBIMS, SJMSOM-IIT Bombay, FMS Delhi, IMI New Delhi, IMT Ghaziabad.