Top 30 AICTE Approved MBA Colleges in India 2025

Institute

Approx. Fee (in INR)

Courses Offered

Entrance Exam(s) Accepted

NIRF 2025 Rank

Indian Institute of Management Ahmedabad (IIMA)

25–28 L

PGP (MBA), EPGP, Fellow Programme (PhD), Exec. courses

CAT / GMAT (for some programs)

Rank 1

Indian Institute of Management Bangalore (IIMB)

25–27 L

MBA (PGP), EPGP, Executive, PhD

CAT / GMAT (some programs)

Rank 2

Indian Institute of Management Kozhikode (IIMK)

22–24 L

PGP, EPGP, PhD, Exec.

CAT / GMAT

Rank 3

Department of Management Studies, IIT Delhi (DMS-IITD)

4–7 L (IIT fees structure)

MBA, Executive, PhD

CAT / GATE / Institute process

Rank 4

Indian Institute of Management Lucknow (IIML)

19–22 L

PGP, Executive, PhD

CAT / GMAT

Rank 5

Indian Institute of Management Mumbai (IIM Mumbai / IIM U Mumbai)

20–22 L

PGP, Executive, PhD

CAT / GMAT

Rank 6

Indian Institute of Management Calcutta (IIMC)

24–28 L

PGP, PGPEX, PhD, Executive

CAT / GMAT

Rank 7

Indian Institute of Management Indore (IIMI)

20–22 L

PGP, IPM, Executive, PhD

CAT / GMAT

Rank 8

Faculty of Management Studies (FMS), University of Delhi

2–5 L (very low public fee)

MBA (Full-time), PhD, Exec.

CAT

(Top 10–15)

XLRI – Xavier School of Management

22–24 L

PGDM (BM/HM), Executive, Fellow Programme

XAT / GMAT

(Top 10–15)

Indian Institute of Technology Bombay — SJMSOM

9–12 L

MBA, PhD, Executive

CAT / GATE (some), Institute process

(Top 10–20)

Jamnalal Bajaj Institute of Management Studies (JBIMS)

6–10 L

MMS (MBA), Part-time Exec programs

MAH-CET / Institute process; accepts CAT/others for shortlisting

(Top 10–30)

Management Development Institute (MDI)

16–20 L

PGPM/MBA, Executive, PhD

CAT / GMAT / XAT (varies by program)

(Top 10–25)

S. P. Jain Institute of Management and Research (SPJIMR)

18–22 L

PGDM, Executive, Fellow

GMAT / CAT (PGDM entry via selection tests)

(Top 10–25)

Symbiosis Institute of Business Management (SIBM) Pune

13–18 L

MBA/PGP, Executive, PhD

SNAP / GMAT / sometimes CAT

(Top 10–30)

Indian Institute of Foreign Trade (IIFT)

11–16 L

MBA (IB), Executive, PhD

IIFT Entrance Test (national-level) / GMAT

(Top 10–30)

NMIMS (SVKM’s NMIMS) — Narsee Monjee Institute

13–20 L

MBA, PGDM, MMS, PhD

NMIMS NPAT / NMIMS selection / CAT (some programs)

(Top 20–40)

Indian Institute of Technology Kharagpur — Vinod Gupta School (VGSoM)

6–10 L

MBA, PhD, Executive

CAT / GATE (some)

(Top 10–30)

Indian Institute of Technology Madras — Dept. of Management Studies

6–10 L

MBA, PhD, Executive

CAT / GATE / Institute process

(Top 10–30)

IIM Raipur

16–20 L

PGP, Executive, PhD

CAT / GMAT

(Top 15–30)

IIM Tiruchirappalli (IIMT)

15–18 L

PGP, Executive, PhD

CAT / GMAT

(Top 15–30)

IIM Rohtak

12–15 L

PGP, Executive, PhD

CAT / GMAT

(Top 15–35)

IIT Kanpur — Department of Industrial & Management Engineering (IME)

4–8 L

MBA (Tech & Management mix), PhD

CAT / GATE (varies)

(Often in NIRF top 30)

Institute of Rural Management Anand (IRMA)

8–12 L

PGDM (Rural Management), Fellow

IRMASAT / CAT / GMAT (for some)

(Ranked in specialized lists and NIRF band)

Tata Institute of Social Sciences (TISS) — School of Management & Labour Studies

2–6 L (varies by program)

MMS, MA in HRM/IR, PhD, Executive

TISSNET / institute tests

(Top 25–50)

Great Lakes Institute of Management

11–14 L

PGPM, PGP, Executive programs

GMAT / GRE / CAT (varies by program)

(Top 25–50 in industry lists)

Birla Institute of Management Technology (BIMTECH)

8–12 L

PGDM, Executive, Fellow

CAT / XAT / CMAT / GMAT

(Top 30–60)

Loyola Institute of Business Administration (LIBA)

6–10 L

MBA / PGDM, Executive

CAT / XAT / MAT / GMAT

(Top 30–60 across lists)

Institute of Management Technology (IMT) Ghaziabad

10–14 L

PGDM, Executive, Fellow

CAT / XAT / GMAT / CMAT

(Top 30–60 in NIRF/ other lists)

Symbiosis Centre for Management Studies / Symbiosis Centre for Management and Human Resource Development

8–15 L

MBA/PGP, Executive, PhD

SNAP / GMAT / GRE

(Top 30–60 in NIRF/ other lists)

Aspect

Details / Importance of AICTE Approval

Full Form

AICTE stands for All India Council for Technical Education.

Governing Body

It operates under the Ministry of Education, Government of India, regulating technical and management education.

Purpose of Approval

Ensures that colleges meet minimum standards in infrastructure, faculty, curriculum, and quality of education.

Academic Recognition

Degrees or diplomas from AICTE-approved institutions are legally valid and recognized by the government and private employers.

Employment Opportunities

Many public sector jobs (PSUs, government services) require candidates to hold degrees from AICTE-approved colleges.

Further Education

AICTE-approved degrees are accepted for higher education (like PhD, MPhil, or foreign equivalence).

Financial Aid Eligibility

Students at AICTE-approved institutes are eligible for government scholarships, loans, and funding schemes.

Curriculum Standardization

AICTE ensures that all programs follow a standard and industry-relevant curriculum, promoting uniform academic quality.

Quality Assurance

Regular inspections and audits are conducted to maintain academic integrity, faculty standards, and infrastructure quality.

Legal Protection for Students

If a college is AICTE-approved, students have legal recourse in case of academic or institutional malpractice.

International Recognition

AICTE approval enhances the global credibility of Indian technical and management degrees.

Innovation & Research Support

AICTE promotes entrepreneurship, start-ups, and R&D funding among approved institutions.

Avoiding Fraudulent Institutions

AICTE approval helps students identify legitimate colleges and avoid fake or unrecognized ones.

Tier 3 MBA Colleges in India

Importance of CAT in MBA Admissions