Top 10 AICTE Approved MBA Colleges in 2023

Top 10 AICTE-Approved MBA Colleges: The competition for admission to the country's prestigious management colleges starts every year right after the results for major entrance exams are released. While IIMs are undoubtedly among the greatest management colleges in India, there are others that excel in terms of facilities and academic atmosphere. 

To ensure you select the appropriate MBA college in India, it is advisable to confirm that the college has received approval from the All India Council for Technical Education (AICTE). AICTE is a statutory institution under the Department of Higher Education of the Ministry of Human Resource Development, responsible for the coordination and planning of technical and management education systems in India. It was initially established as an advisory agency in November 1945 and was granted statutory status by an Act of Parliament in 1987. AICTE's charter includes the accreditation of specific postgraduate and undergraduate programs in Indian universities in various fields.

Let us now check out the list of the top 10 AICTE-approved MBA colleges based on NIRF ranking 2022 along with other important factors such as fees, admission process and henceforth. 

Also Read: Top 10 UGC Approved MBA Colleges in Karnataka in 2023

List of Top 10 AICTE-approved MBA Colleges Based on NIRF 2022 Ranking

While IIMs maintain their dominance in the ranking, there are some surprises. Here are the top 10 AICTE-approved MBA colleges:

Top AICTE-Approved MBA Colleges: Eligibility Criteria

The eligibility criteria for MBA courses differ slightly across colleges. However, the basic eligibility is identical in all the b-schools in India, which are as follows:

• Candidates must possess a bachelor’s degree from a recognised institute/ university.
• Candidates across different streams including Science, Arts, or Commerce can participate in the MBA admission process. 
• Some colleges have minimum score criteria for General category candidates as 50 per cent and for reserved category as 45 per cent.
• MBA programmes at the top 10 AICTE-approved MBA colleges are open to final-year students as long as they can provide proof of graduation within the period specified by the institute.
• Candidates with work experience will fetch themselves some brownie points while applying for an MBA at these business schools.
• Applicants must also meet the cutoff of the entrance exam accepted by the college. 

Note: The eligibility for MBA admission is determined by a variety of factors, each of which is unique to each of the top MBA schools. These schools also have a unique admissions process for their MBA programmes.

Also Read: List of Colleges Accepting 70-80 Percentile in MAH MBA CET 2023

Top AICTE-Approved MBA Colleges in India: Admission Process

MBA admission in India is a four-step procedure at all of the major MBA institutes. These four phases of the MBA admission process apply to all MBA institutions, including IIMs, that provide admission following a rigorous screening procedure to find the best applicant.

Step 1: Register for and Apply for the Applicable MBA Entrance Exam

The admission process for top MBA programs usually starts in early August or September and runs until the end of November. To be considered for admission, applicants must register and take the appropriate MBA entrance exam, such as CAT, MAT, XAT, IIFT, or NMAT, within the designated registration period. The registration period for most national-level MBA entrance exams, including CAT, MAT, and XAT, ends in September or November. Typically, it takes 45 to 50 days to complete the registration process for CAT.

Step 2: Take MBA Entrance Exam

Those interested in pursuing a management course PGDM/MBA programme at one of the top MBA universities must take one of the appropriate admission tests.

Step 3: Participate in Selection Process

After the MBA test results are released, which usually happens in January, most major B-schools will choose the right applicants for the final admission process based on test scores, academics, diversity, work experience, and other factors that depend on the B-school's admission policy and weightage. Each institution has its own admission process.

Step 4: Final Admissions Round (GD-PI-WAT)

Candidates who have been shortlisted will be required to participate in a series of assessments including a Group Discussion (GD), a Written Ability Test (WAT), and a Personal Interview (PI). Some business schools may conduct an Extempore or a Psychometric test before the PI round, while others may combine the GD and PI rounds. Admission offers will be based on the candidates' performance in the final selection process, which takes into account factors such as entrance scores, academic profile and diversity, work experience, and gender diversity. The weightage given to each of these factors may vary depending on the business school's requirements.

Top Recruiters at Top AICTE-Approved MBA Colleges

Here is a list of the best MBA schools in India and some of the best organisations that hire MBA graduates:

AICTE-approved MBA colleges provide an edge to one’s career with global recognition. Ranking or certification from the AICTE does not provide any particular advantages to colleges. Colleges that provide technical education, such as engineering, management, and other programmes that fall within the purview of the AICTE's 10 statutory organizations, are required to get approval from this council before beginning their operations.