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Top Private MBA Colleges in India with Best Placements 2023

Kumari Neha
Kumari NehaUpdated On: August 21, 2023 08:19 pm IST

Private MBA colleges are an excellent choice for pursuing MBA courses due to several reasons like higher quality of education, good infrastructure, and most importantly excellent placement opportunities. Find out more about the top private MBA colleges in India with best placements 2023 right here!

Best Private MBA Colleges in India with Best Placements 2023

Top Private MBA Colleges in India with Best Placements 2023: Aspirants have numerous choices when it comes to colleges and universities that offer MBA courses. With the rising demand for MBA programs, more and more institutes have started offering MBA courses to students. However, there are several factors that need to be taken into consideration before choosing an appropriate MBA college, one of the most important of which is placement opportunities. Since a Master of Business Administration degree is often considered an investment when choosing MBA colleges, aspirants often take into account the placement opportunities provided by the college upon completion of the course. This helps them understand how quickly they can recover their financial resources invested for management education, in other words, how good the Return on Investment is for a particular college.

Private MBA colleges are often considered to be the best choice for MBA courses overall due to their ability to provide better infrastructure, quality of education, teaching faculty, and other facilities to management aspirants. Additionally, private MBA colleges, especially reputable institutes often provide some of the best placement offers to deserving students after the completion of their MBA course. That being said, aspirants must make sure they do the proper research and weigh their options before selecting a private MBA college since the investment for an MBA course at such colleges is typically quite exorbitant. In this article, we have mentioned some of the top private MBA colleges in India on the basis of placement records in 2023!

Also Read:MBA Admission 2023

Top 10 Private MBA Institutes with Best Placement Records 2023

As we know, it is quite important to take all factors into consideration before selecting an MBA college, especially if the aspirant is planning on pursuing an MBA degree from a Private MBA institute. Placement records are an excellent parameter that can be used to judge the quality of MBA graduates that a particular college produces, depending on the type of offers and salary packages offered to the average student. Candidates can take a look at the best private MBA colleges in India based on their placement records for 2023 mentioned in the table below:

MBA College

Average Package Offered in 2023

Highest Package Offered in 2023

Xavier School of Management, Jamshedpur

INR 32.7 LPAINR 78.2 LPA

Indian School of Business (ISB), Hyderabad

INR 34.20 LPA


S.P Jain Institute of Management and Research, Mumbai

INR 33.02 LPAINR 67.50 LPA

Management Development Institute, Gurgaon


Institute of Management Technology IMT, Ghaziabad

INR 17.35 LPAINR 65.50 LPA

International Management Institute, New Delhi


Symbiosis Institute of Business Management SIBM, Pune

INR 23.06 LPAINR 45.50 LPA

JBIMS Mumbai

INR 27.63 LPA

INR 42.00 LPA

Jagan Institute of Management, New Delhi

INR 7.5 lakh


Lal Bahadur Shastri Institute of Management, Delhi

INR 12.42 LPAINR 24.75 LPA

Xavier School of Management, Jamshedpur

Xavier School of Management, Jamshedpur is one of the best private management schools in the country. XLRI achieved 100% placement for PGDM (BM) and PGDM (HRM) programs and the average salary in the XLRI 2023 placements increased significantly.

  • The average salary package increased to INR 32.7 LPA, an almost 34% increase over the last year's average package of INR 24.30 LPA.

  • The highest salary package offered in 2023 is INR 78.2 LPA.

  • 117 recruiters participated in the placement program at the school this year.

  • The top recruiters of the institute are the Boston Consulting Group, Microsoft, Amazon, P&G, Aditya Birla Group, ITC, Avendus Capital, Hindustan Unilever, Allianz Global Investors, Bain & Co., Adani Group, Jubilant Foodworks, Rivigo, Experion, Belden, Xiaomi, Ola, Udaan, etc.

Indian School of Business, Hyderabad

Indian School of Business (ISB), Hyderabad continued the trend of seeing an increase in the number of job offers in its placements. This year, a drop of nearly 24% was recorded in the total number of offers made in 2023 when compared with 2022.

  • The number of companies that were part of the 2023 placement drive dropped by nearly 44% when compared with 2022.

  • The average salary package offered was INR 34.2 LPA in 2023, a significant increase from INR 26.15 LPA in 2022.

  • 222 companies hired students from ISB, Hyderabad.

  • The top recruiters at ISB are Deloitte, Accenture, Amazon, Bain, BCG, Deloitte, Flipkart, Google, HDFC Bank, LEK Consulting, McKinsey, Microsoft, Oyo Rooms, Reliance Industries, Rivigo, Samsung, Uber, etc.

S.P Jain Institute of Management and Research, Mumbai

S.P. Jain Institute of Management and Research concluded the placement for 2023. 

  • The average salary package offered at the institute in 2023 was INR 33.02 LPA, an increase from INR 26.36 LPA last year.
  • The highest salary package offered in 2023 placements of SPJIMR stood at INR 77.88 LPA.

  • Over 92% of the batch received offers above INR 25 LPA, while over 70% of the batch received offers above INR 30 LPA.

  • The top recruiters included McKinsey & Company, Boston Consulting Group, Bain & Company, Tata Administrative Services, Goldman Sachs, American Express, Hindustan Unilever, Procter & Gamble, General Mills, Amazon, Deloitte, PwC, EY, etc.

Management Development Institute, Gurgaon

Management Development Institute, Gurgaon successfully completed its placement program for 2023. MDI Gurgaon reported 100% placements and 102 companies participated in the final placements.

  • The average salary package of the institute was INR 32.39 LPA, a significant increase over last year.
  • The highest placement package this year was INR 60 LPA.

  • Top companies that participated in the placements of MDI Gurgaon were PwC, Birla Group, Goldman Sachs, EY, Nestle, Coca-Cola, Marico, JP Morgan Chase & Co., etc.

Institute of Management Technology, Ghaziabad

Institute of Management Technology IMT, Ghaziabad completed its placement programme for 2023. 

  • The highest domestic package for the institute was INR 34 LPA, which is significantly higher than INR 27 LPA last year.

  • The highest international package at the institute also increased to INR 65.60 LPA from INR 58.50 LPA last year.

  • The average salary package at the institute was INR 17.35 LPA.

  • Companies from various sectors including FMCG, Manufacturing, Pharma, Retail, Advertisements, BFSI, Consulting ECommerce etc. participated in the placements.

Also Read:MBA Colleges with Best Placements in India 2023

International Management Institute, New Delhi

The International Management Institute, New Delhi successfully completed its placement programme for 2023.

  • The average salary package offered at the institute was INR 17.01 LPA.

  • The highest package offered at IMI saw a significant increase to INR 50 LPA from INR 22 LPA last year.

  • The top recruiters were from various sectors including BFSI, IT, Telecom, FMCG, Manufacturing, Real Estate, Consulting, Analytics etc.

  • Major corporate partners included Deloitte, HSBC, Mahindra, TATA Motors, Google, Dell, airtel, L&T Financial Services, viacom18, amazon, Citibank, ICIC Prudential, Crisil, SBI Card, etc.

Symbiosis Institute of Business Management, Pune

Symbiosis Institute of Business Management Pune concluded the placement program for 2023 and released its Final Placement Report.

  • The institute saw a significant improvement in the average salary package. The average salary package this year increased to INR 26.77 LPA.

  • The highest salary package also increased by a significant margin to INR 35.05 LPA from INR 26.77 LPA last year.

  • A total of 126 job offers were made at the placements of SIBM Pune. These came from top companies such as Flipkart, RIL, Aditya Birla, Goldman Sachs, and P&G among others.

Jamnalal Bajaj Institute of Management Studies, Mumbai

One of the premier management institutes of India, JBIMS Mumbai is a top choice for MBA aspirants all over the country. Apart from being a top-ranked management institute, it provides aspirants with numerous facilities like a strong academic reputation, enhanced research facilities, increased international collaboration, and a strong alumni network. Additionally, JBIMS Mumbai is considered to offer one of the best placement drives among private MBA colleges in India with record-breaking placement statistics every year. 

According to the JBIMS placement reports 2023, there has been a rise of 19% in the average salary package. 

  • The highest salary package offered in 2023 was INR 35.75 LPA.
  • The average salary package offered in 2023 was INR 28.02 LPA.
  • The average salary package for the Top 30% of the batch was 29.30 LPA.
  • A total of 132 PPO/PPI were offered to the MMS students.
  • For the MMS batch students, there were more than 55 recruiters during the placement drive in 2023. There were 15 new recruiters in the 2023 placements drive.
  • The top recruiters for JBIMS 2023 placement drive were Deloitte, Asian Paints, Accenture, Haleon, Amazon, Loreal, BCG, P&G, Flipkart, Colgate Palmolive, Google, HDFC Bank, PricewaterhouseCoopers, LEK Consulting, Bajaj Finserv, McKinsey & Company, Microsoft, HSBC, Adani, Everest, Mahindra, Oyo Rooms, Cisco, HCL Tech, Reliance Industries, Vedanta, Pine Labs, Axis Bank, Rivigo, Samsung, Uber, etc.

Jagan Institute of Management, New Delhi

JIMS Delhi saw great placements in the 2023 session. This year's batch reported better placement statistics with many repeat recruiters showing confidence in the institute's students.

  • The average salary package offered at JIMS 2023 placement was INR 8.70 LPA, a significant rise over last year's INR 7.5 LPA.

  • The highest salary this year also increased to INR 22 LPA.

  • The total number of recruiters was 190 with top companies including Tata Motors, Vodafone, Airtel, Moody's, NIIT, JK Paper, Deloitte, 

Lal Bahadur Shastri Institute of Management, Delhi

Lal Bahadur Shastri Institute of Management conducted placement for the 2018- 20 batch.

  • The average salary package offered at the institute rose to INR 12.42 LPA from INR 9.90 LPA in 2022.

  • The highest domestic package which was offered at the institute was INR 24.75 LPA.

  • Most of the recruiters were from the Research & Consultancy sectors, followed by BFSI, IT/ITES, FMCG, and Engineering and Durables.

  • Top recruiting companies included Lenskart, Infosys, Capgemini, Mahindra & Mahindra, Bajaj Finserv, etc.

Hope the above information helps you choose the right college to pursue an MBA course. You should also check other information about these colleges such as the fee structure, campus, infrastructure, and admission procedure before applying for MBA admissions at some of these top private MBA colleges.

Candidates must also check out the articles mentioned below to know more about MBA admission in India!

Related Articles:

MBA Fees in India

List of Non-IIM MBA Colleges to Apply to Before and After CAT 2023 Exam

Best MBA Specializations in India

Distance MBA in India

You can fill out the Common Application Form (CAF) and apply to the popular MBA colleges in India. For all admission-related inquiries, you can contact our student helpline at 1800-572-9877. We wish good luck to all those aspiring to get MBA admission into their dream colleges!


What makes private MBA colleges in India stand out in terms of placements?

Private MBA colleges in India distinguish themselves through strong industry connections, tailored skill development, and dedicated placement cells. These factors facilitate high-quality internships, live projects, and final placements, ensuring students' seamless transition into thriving corporate careers.


How do Top private MBA colleges ensure impressive placement records?

Top private MBA colleges ensure impressive placement records through strategic industry partnerships, comprehensive skill development programs, expert career guidance, and tailored internships. They align curriculum with industry demands, invite top recruiters, and provide mock interviews to enhance students' employability and secure lucrative placements.

Are international placements common in these colleges?

Yes, international placements are increasingly common in top private MBA colleges. Collaborations with global organizations and exchange programs provide students opportunities for cross-border career prospects, enhancing their global exposure and expanding horizons.

Do these colleges offer specialized placement assistance?

Absolutely, top private MBA colleges provide specialized placement assistance, tailoring their support to specific industries, sectors, or functional domains. This personalized approach enhances students' chances of securing placements aligned with their career aspirations and strengths.


What is the average and highest CTC offered in these colleges in 2023?

The average CTC hovers between ₹10-20 LPA, with some colleges boasting a higher average. The highest CTC can range from ₹30 LPA to even ₹1 crore, depending on the college and specialization.

How do private MBA colleges ensure diverse placement opportunities?

Private MBA colleges foster diverse placement opportunities through a robust corporate network, industry collaborations, and sector-specific tie-ups. They host industry conclaves, networking events, and offer specialized career tracks, ensuring a wide array of placement avenues across various sectors and functional areas.

Can I expect placements in emerging sectors such as e-commerce and technology?

Certainly. Top private MBA colleges are adapting to the evolving market trends. They actively facilitate placements in emerging sectors like e-commerce and technology by nurturing industry partnerships, offering specialized courses, and fostering a dynamic learning environment to prepare students for these high-demand fields.

How do these colleges prepare students for placements?

Top private MBA colleges prepare students for placements through comprehensive training programs that focus on resume building, interview skills, group discussions, and case studies. Mock interviews, industry interactions, and workshops sharpen students' communication and problem-solving abilities, enhancing their employability and readiness for the corporate world.

How can I research and choose the best-fit private MBA college for placements?

To choose the best-fit private MBA college for placements, research faculty expertise, industry collaborations, past placement records, sectoral strengths, and alumni achievements. Align your aspirations, skills, and interests with the college's offerings to ensure a rewarding and fulfilling career ahead.

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