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Top MBA Colleges in India 2022

List Of 3974 MBA colleges in India

Top MBA Colleges in India comprise the IIMs and a few other B-schools. MBA is one of the most sought-after PG courses after Graduation. The two-year’s Master in Business Administration program opens various career opportunities for the students. 

Admission to the top MBA colleges in India is done either based on merit obtained in the Graduation level degree or national/ state level entrance exams such as CAT, MAT, CMAT, ATMA, NMAT, MAH MBA CET, etc.

Students who have passed graduation in any stream (Science, Commerce, Arts) can apply for admission to MBA Colleges in India. With a total of 5,200 MBA colleges in India, it is often a tough task for the students to choose the best MBA College among all.

Let’s find out about some of the top MBA colleges in India below.

List of Top 10 MBA Colleges in India by NIRF Ranking 2021

To choose the best MBA College in India, it is also important to overview the ranking of that college. There are various ranking agencies in India that rank MBA colleges based on various ranking factors. Some of the top Indian agencies that rank MBA colleges in India are NIRF, Business Today, India Today, Outlook, etc. The agency-wise ranking for MBA colleges in India is given below.

Top MBA colleges in India NIRF rankings 2021 were released on September 9 on their official website. Here is the table demonstrating NIRF rankings 2021 for Top MBA colleges in India.

Name of the MBA College

NIRF Ranking 2021

NIRF Score 2021

IIM Ahmedabad

1

83.69

IIM Bangalore

2

83.48

IIM Calcutta

3

80.04

IIM Kozhikode

4

73.34

Department of Management Studies (DMS) IIT Delhi, Delhi

5

72.15

IIM Indore

6

71.1

IIM Lucknow

7

71.02

XLRI, Jamshedpur

8

69.93

IIT Kharagpur

9

69.5

SJMSOM, IIT Bombay

10

68.08

Best MBA Colleges in India by Times Rankings 2021

Here are the top MBA Colleges in India as per the Times Rankings 2021

MBA College Name

The Times MBA Ranking 2021

XLRI Jamshedpur

1

IIM Raipur

2

IIM Udaipur

3

IIM Shillong

4

IMT Ghaziabad

5

IIM Kashipur

6

KJ Somaiya Institute of Management

7

ISB Hyderabad

8

IIT Kharagpur

8

IIT Delhi

9

SIBM Pune

10

Amity Business School Noida

11

Institute of Rural Management, Anand

12

Xavier Institute of Management, Bhubaneswar

13

Lal Bahadur Shastri Institute of Management

14

ISB&M, Pune

15

Best MBA Colleges in India by India Today Rankings 2021

Here are the top MBA Colleges in India as per India Today Rankings 2021

MBA College Name

The India Today Ranking 2021

Indian Institute Of Management - [IIMA], Ahmedabad

1

Indian Institute of Management - [IIM], Calcutta

2

Indian Institute of Management - [IIM], Bangalore

3

SP Jain Institute of Management and Research

4

DMS IIT Delhi

5

Indian Institute of Management - [IIM], Indore

6

MDI Gurgaon

7

Indian Institute of Management - [IIMK], Kozhikode

8

FMS Delhi

9

Narsee Monjee Institute of Management Studies - NMIMS, Mumbai

MBA Colleges in India Highlights

Some of the important highlights of the top MBA Colleges in India are listed in the table below:

Total MBA Colleges in India

5,200 (Approximately)

Approval Authority for MBA Colleges in India

Types of MBA Colleges

Government & Private

Total Number of IIMs

20

Admission Process

The admission to top MBA colleges in India is done based on merit obtained by the candidates in the qualifying exam or one of the following state/ national level entrance exam scores are CAT, MAT, CMAT, ATMA, NMAT, MAH MBA CET. Some private institutions may also conduct their entrance exam for admission.

Top 10 MBA Colleges in India- Based on Course Fee

Look at the top ten MBA colleges in India along with their average annual fees.

Top MBA Colleges in India

Average Annual Fees(INR)

IIM Bangalore Fee

23,00,000

IIM Calcutta Fee

23,00,000

IIM Ahmedabad Fee

23,00,000

SPJIMR Mumbai Fee

19,00,000

XLRI Xavier School of Management Fee

12,90,000

IIM Indore Fee

17,01,000

MDI Gurgaon – Management Development Institute

18,86,000

FMS Delhi Fee

96,000

Indian School of Business (ISB) Fee

36,30,000

IIM Lucknow Fee

19,25,000

MBA Colleges Course Fee

The average annual fees of top MBA colleges in India range between INR 50,000 - 30 Lakhs. Here is the list of top MBA colleges in India along with their course fee in the tabular format below.

College Names

MBA Fees

IIM Ahmedabad Fee

INR 23,00,000

IIM Lucknow Fee

INR 20,10,000

IIM Udaipur Fee

INR 21,00,000

IIM Ranchi Fee

INR 17,60,000

IIT Kharagpur Fee

INR 1,64,558

IIT Delhi Fee

INR 10,24,000

NITIE Mumbai Fee

INR 14,60,000

IIFT New Delhi Fee

INR 18,78,000

Symbiosis Pune Fee

INR 5,60,000

MDI Gurgaon Fee

INR 18,86,000

Narsee Monjee Mumbai Fee

INR 6,44,000

XLRI Jamshedpur Fee

INR 26,80,000

SP Jain Mumbai Fee

INR 21,42,000

IIT Roorkee Fee

INR 4,28,000

IIT Bombay Fee

INR 1,00,000

IIT Madras Fee

INR 4,10,000

NIT Trichy Fee

Top IIMs in India

IIMs or the Indian Institute of Management is the most prestigious and reputable management college in India offering various courses such as BBA, MBA, PGDM, etc. In India, there are around 20 IIM colleges ranked among the top MBA colleges. Mentioned below is the list of top IIMs in India ranked by NIRF 2021 among the top MBA colleges in India.

IIM Name

NIRF Ranking 2021

IIM Ahmedabad

1

IIM Bangalore

2

IIM Calcutta

3

IIM Kozhikode

4

IIM Indore

6

IIM Lucknow

7

IIM Raipur

15

IIM Tiruchirappalli

17

IIM Udaipur

18

IIM Ranchi

21

IIM Shillong

23

IIM Rohtak

28

IIM Kashipur

33

IIM Nagpur

40

IIM Sambalpur

61

IIM Amritsar

67

IIM Jammu

-

IIM Visakhapatnam

-

IIM Sirmaur

-

IIM Bodh Gaya

-

Top MBA Colleges in India with Low fees

Here is the list of Top MBA Colleges in India with low fees.

MBA College Names

Total MBA Fees(INR)

Rashtrasant Tukadoji Maharaj Nagpur University, Nagpur Fee

11,252

Bharathiar University, Coimbatore Fee

38,560

Ranchi University, Ranchi Fee

4,700

National Institute of Rural Development and Panchayati Raj, Hyderabad Fee

2,90,000

St. Michael’s College, Cherthala Fees

9,46,000

University of Rajasthan Fees

8,770

MVIT - Sir M. Visvesvaraya Institute of Technology, Bangalore Fees

11,79,200

Department of Business Management, University of Calcutta Fees

16,508

Indira Gandhi National Tribal University, Anuppur Fees

10,500

PSG College of Arts and Science, Coimbatore Fees

14,000

Admission Process of Top MBA Colleges in India

The admission process for MBA colleges in India depends on the type of institute. The detailed admission process for MBA colleges in India are explained below:

MBA Admission Through National Level Entrance Exam

Some of the top Government & private MBA colleges, including IIMs, provide admission to the course based on national level entrance exams such as ATMA, CAT, CMAT, GMAT, MAT, etc. 

After the exam, the qualifying candidates are allotted seats through the counseling process based on their rank in the entrance test.

MBA Admission Through State Level Entrance Exam

Some states also conduct their entrance test for admission to MBA programs. Some of the state-level entrance exams are Karnataka PGCET,MAH MBA CET, AP ICET, TS ICET, TANCET, etc.

After the exam, the qualifying candidates are allotted seats through the counseling process based on their rank in the entrance test.

MBA Admission Through Institute Level Entrance Exam

Some institutes also conduct their entrance test for admission to MBA programs. Some of the state-level entrance exams are IPU CET, AMUEE, CUCET, LPUNEST, etc.

The candidates who qualify for the entrance test will be called to the campus for further admission formalities.

Management Quota MBA Admission

Some of the colleges also have some seats reserved for the management quota. Through the management quota seats, the candidates can take admission to the course directly based on qualifying exam merit. 

Top Government MBA Colleges in India with their Course Fee

Here is the list of top government MBA colleges in India along with their course fees.

MBA Government Colleges in India

Course Fee (in Rs)

IIM Ahmedabad Course

23.00 Lakh

IIM Bangalore Course

18.70 Lakh

IIM Calcutta Course

10.10 Lakh

IIM Kozhikode Course

20.50 Lakh

IIT Delhi DMS Course

8.80 Lakh

IIM Indore Course

17.06 Lakh

IIM Lucknow Course

5.69 Lakh

IIT Kharagpur-VGSOM Course

9.26 Lakh

IIT Bombay-SJMSOM Course

8.67 Lakh

IIT Madras Course

8.00 Lakh

Top Private MBA Colleges in India with their Course Fee

Here is the list of private MBA colleges in India along with their course fees.

MBA Private Colleges in India

Course Fee (in Rs)

XLRI Xavier School of Management, Jamshedpur Course

23.60 Lakh

Management Development Institute, Gurugram Course

21.34 Lakh

NITIE, Mumbai Course

11.33 Lakh

S. P. Jain Institute of Management & Research Course

17.87 Lakh

Symbiosis Institute of Business Management, Pune Course

10.20 Lakh

SVKM’s Narsee Monjee Institute of Management Studies Course

10.42 Lakh

Great Lakes Institute of Management, Chennai Course

11.81 Lakh

Indian Institute of Foreign Trade, Delhi Course

8.85 Lakh

International Management Institute, Delhi Course

18.34 Lakh

Narsee Monjee Mumbai Course

6.44 Lakh

ISB Hyderabad Course

36.3 Lakh

Kalinga Institute of Industrial Technology - KIIT, Bhubaneswar Course

11.2 Lakh

Prin LN Welingkar Institute of Management Development and Research (WESCHOOL), Mumbai Course

13 Lakh

Symbiosis Center for Management and Human Resource Development, Pune Course

19.2 Lakh

ICFAI Foundation for Higher Education, Hyderabad Course

16.2 Lakh

*Important Note: The fee structure mentioned above is indicative only and is subject to change unconditionally.

List of Top MBA Colleges in India with Cutoff

The top MBA colleges in India offer admission based on the entrance exam cutoffs. Top MBA colleges in India cutoff ranges between 95 to 100. Check the MBA colleges in India in the tabular format below along with their cut-off percentile.

MBA College Name

MBA College Cutoff

IIM Bangalore cutoff

99-100 percentile

IIM Ahmedabad cutoff

98-99 percentile

IIM Calcutta cutoff

98-99 percentile

IIM Lucknow cutoff

98-99 percentile

IIT Kharagpur cutoff

90-95 percentile

IIM Kozhikode cutoff

95-98 percentile

IIM Indore cutoff

95-98 percentile

IIT Delhi cutoff

90-95 percentile

XLRI Jamshedpur cutoff

92-94 percentile

MDI Gurgaon cutoff

94-98 percentile

Top MBA Colleges in India- Placements

Here is the list of top MBA colleges in India with their highest CTC in Placements.

MBA Name of the College

Highest CTC (Approximate)

IIM Bangalore Placement

32 LPA

IIM Calcutta Placement

80 LPA

IIM Ahmedabad Placement

55 LPA

IIM Lucknow Placement

58.47 LPA

IIM Indore Placement

22.92 LPA

IIM Kozhikode Placement

58 LPA

IIM Trichy Placement

25 LPA

MDI Gurgaon Placement

40.50 LPA

S. P. Jain Institute of Management & Research, Mumbai Placement

28 LPA

XLRI Xavier School of Management, Jamshedpur Placement

50 LPA

MBA Colleges in India Entrance Exams

Applicants are shortlisted for admission to top MBA colleges in India based on their performance in the entrance exams such as CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA., etc.  Candidates can check the list of MBA colleges in Pune accepting such entrance exams.

MBA Colleges in India without CAT

Here is the list of Top MBA Colleges in India Accepting admissions without CAT.

MBA College Name

CAT Percentile

IIM Ahmedabad

90

IIM Bangalore

99

IIM Calcutta

99

IIM Lucknow

97

IIM Indore

97

IIT Kharagpur

90

XLRI Jamshedpur

96

IIT Delhi

90

SPJIMR Mumbai

92

Great Lakes Chennai

85

JBIMS Mumbai

96

IMI New Delhi

90

NITIE Mumbai

90

Prin LN Welingkar WeSchool

80

TAPMI Manipal

MBA Colleges in India Accepting MAT Score

Here is the list of Top MBA Colleges in India Accepting MAT Scores.

MBA College Name

MAT Cutoff

JIMS New Delhi

73

IIHMR University, Jaipur

67

Amrita Vishwa Vidyapeetham, Coimbatore

87

UPES Dehradun

87

BIT Mesra, Ranchi

43

Jaipuria Institute of Management, Noida

67

KIIT School of Management, Bhubaneswar

80

Alliance University, Bangalore

67

LPU Jalandhar

67

VIT Vellore

80

MBA Colleges in India without CMAT

Here is the list of Top MBA Colleges in India Accepting CMAT Scores.

MBA College Name

CMAT Cutoff

Great Lakes Chennai

90

BIMTECH Greater Noida

95

LPU Jalandhar

90

Goa Institute of Management, North Goa

90

KJ Somaiya Institute of Management

90

UPES Dehradun

96

Jaipuria Institute of Management

75

IMT Hyderabad

70

JIMS Rohini, New Delhi

70

WOXSEN School of Business, Hyderabad

80

MBA Colleges in India without XAT

Here is the list of Top MBA Colleges in India Accepting XAT Scores.

MBA College Name

XAT Cutoff

XLRI Jamshedpur

96

Great Lakes Chennai

90

BIMTECH Greater Noida

70

LPU Jalandhar

80

Prin LN Welingkar WESCHOOL, Mumbai

80

TAPMI Manipal

86

LIBA Chennai

80

IMT Ghaziabad

90

MBA Colleges in India without Entrance Exam

Here is the list of top MBA colleges in India offering admissions to aspirants without entrance exams.

College/ University Name

Average MBA Fees

School of Inspired Leadership (SOIL), Gurgaon

INR 14,30,000

Jagan Institute Of Management Studies - [JIMS] Rohini, New Delhi

INR 15,90,000

Lovely Professional University, Jalandhar

INR 5,32,000

Auro University, Surat

INR 7,00,000

Institute Of Business Management & Research - [IBMR], Ahmedabad

INR 2,70,000

University of Petroleum and Energy Studies - [UPES], Dehradun

INR 12,572,000

Amity University, Noida

INR 12,16,000

OP Jindal Global University, Sonepat

INR 11,00,000

Shiv Nadar University - [SNU], Greater Noida

INR 11,00,000

Christ University, Bangalore

INR 7,60,000

ROI of Top MBA Colleges in India

IIM Ahmedabad is among the first top MBA colleges in India with the highest placements followed by IIM Calcutta and IIM Bangalore. Other than IIMs, MDI Gurgaon, IIFT Delhi, and FMS Delhi are some of the top colleges for MBA offering the best Return on Investment (ROI).

Return on Investment (ROI) is the crucial factor for aspirants before taking admissions to the MBA colleges. Here is the table with the ranking of ROIs of the top institutes of India.

ROI Percentage= {(Average Placement Package)/(Average Annual Fee)}*100%

Name of the MBA College

Average Annual Fee (in Rs)

Average Placement Package (in Rs)

IIM Ahmedabad

23 L

26 LPA

IIM Bangalore

23 L

25 LPA

IIM Calcutta

23 L

27 LPA

IIM Kozhikode

20 L

22.50 LPA

IIT Delhi

9.6 L

18.47 LPA

IIM Indore

15 L

22.92 LPA

IIM Lucknow

19 L

24.25 LPA

XLRI Jamshedpur

23 L

18.80 LPA

IIT Kharagpur

10 L

18.00 LPA

IIT Bombay

8.67 L

21.96 LPA

MBA Specialisations Offered in India

Here are the top specialisation offered by the top MBA colleges in India:

Business Administration

General Management

Finance

Marketing

Human Resource Management

Business Management

International Business

Business Analytics

Aviation Management

Retail Management

Healthcare Management

Operations Management

Logistics and Supply Chain Management

Executive MBA

Banking and Insurance

Entrepreneurship and Family Business

Information Technology

Tourism Management

Banking and Insurance

Digital Marketing

Hospital Management

Information System Management

Accounting

Project Management

Airline and Airport Management

Advertising Management

Global Management

Start-up Management

Export Management

Rural Management

Top Recruiters of MBA Graduates in India

Top recruiting companies that hire MBA graduates from the Top MBA colleges of India are as follows: 

UBS

Bharti Airtel

IBM

Hindustan Unilever

Barclays Capital

Deloitte

Bank of America

L’Oreal Paris

Citigroup

National Stock Exchange

Reserve Bank of India

JP Morgan

Kotak Mahindra Group

Godrej

Reckitt Benckiser

Bajaj Auto

Boston Consulting Group

HCL

Bloomberg

Deutsche Bank

American Express

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  • M.B.A. (Master of Business Administration)

IIM Ahmedabad

  • Approved by: EQUIS AICTE
  • Type: Government
  • Download Brochure

IIM bangalore

  • Approved by: AICTE EQUIS Ministry of HRD
  • Type: Public
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IIM Kolkata

  • Approved by: UGC AMBA AACSB EQUIS
  • Type: Public
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FMS Delhi

  • Approved by: NAAC
  • Type: Public
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SJMSOM Mumbai

  • Approved by: AICTE
  • Type: Private
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Indian Institute of Foreign Trade, Delhi

  • Approved by: UGC NAAC AACSB AIMA EFMD
  • Type: Government
  • Business Administration (2128)
  • General Management (1295)
  • Finance (1238)
  • Marketing (1188)
  • Human Resources Management (1168)
  • International Business (433)
  • Operations Management (298)
  • Information Technology (275)
  • Business Analytics (209)
  • Logistics & Supply Chain Management (162)

IMCU bangalore

  • Approved by: Other
  • Type: Private
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KJ SOMAIYA Mumbai

  • Approved by: SAQS AACSB AIU MHRD ISO NBA AICTE
  • Type: Private
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NMIMS Mumbai

  • Approved by: UGC NAAC NBA AICTE
  • Type: Deemed University Private
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IIT Chennai

  • Approved by: AICTE
  • Type: Public
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DOMS Roorkee

  • Type: Private
  • Get Free Counselling

SIBM Bangalore

  • Approved by: UGC NAAC
  • Type: Private
  • Download Brochure

VELS University Chennai

  • Approved by: UGC NAAC
  • Type: Private
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Great Lakes Institute of Management Chennai

  • Approved by: AICTE NBA AMBA SAQS
  • Type: Private

SIMS Pune

  • Approved by: UGC NAAC AICTE
  • Type: Private
  • Download Brochure

Bharathidasan Institute of Management

  • Approved by: AICTE ACBSP
  • Type: Public

BITS Pilani

  • Approved by: AICTE NAAC
  • Type: Private
  • Download Brochure

DYPUSM Mumbai

  • Approved by: UGC NAAC
  • Type: Private
  • Get Free Counselling

NIPER Mohali

  • Approved by: PCI Other
  • Type: Public
  • Get Free Counselling

XIMB Bhubaneswar

  • Approved by: UGC AICTE NBA SAQS AIU
  • Type: Private
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IBS Hyderabad

  • Approved by: SAQS AACSB ICRA NAAC
  • Type: Deemed University
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IME IIT Kanpur

  • Approved by: Other
  • Type: Government
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IFMR Chennai

  • Approved by: AICTE
  • Type: Private
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Lexicon MILE Pune

  • Approved by: AICTE MHRD
  • Type: Private
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FAQs

What courses are offered by MBA colleges in India?

MBA colleges in India offer MBA, PGP and PGD programs in multiple disciplines.

Which MBA specializations are offered by MBA colleges in India?

MBA college in India offers many MBA specializations such as MBA in Marketing, Finance, HR and Business Analytics

Which entrance exams are conducted for admission to the MBA colleges in India?

Some of the entrance exams conducted for admission in MBA College in India are CAT, MAT and CMAT

Which are the low fee MBA colleges in India?

Some of the low fee MBA colleges in India are FMS Delhi, KJ Somaiya Institute of Management Studies and Research, Mumbai and MNNIT Allahabad

What is the fee of MBA colleges in India?

The fee of MBA colleges in India will vary from college to college. The average fee of MBA colleges in India is 3-4 lakh per annum

How to apply to MBA colleges in India?

You can apply to MBA colleges in India by filling the application form available online. You need to submit the application form before the deadline

Which MBA college in India has the best placement?

Some of the MBA colleges in India that have good placements are IIM Bangalore, ICFAI Hyderabad and Great Lakes Institute of Management, Chennai

How many MBA colleges are there in India?

More than 3800 MBA colleges are there in India. Candidates can check all the MBA colleges situated in India here

Can I know some of the government MBA colleges in India?

Guru Nanak Dev University College, Jalandhar, Punjabi University, Patiala and IIM Bangalore are some of the good government MBA colleges in India

Which are the best colleges for MBA in India?

Some of the well known colleges for MBA in India are IIM Ahmedabad, FMS Delhi, Chandigarh University and LPU Phagwara.

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