Top MBA Colleges in India 2024

List Of 4838 MBA colleges in India

With the release of NIRF Rankings 2023 in June 2023, the Indian Institutes of Management (IIMs) & Indian Institutes of Technology (IITs) have emerged as the top MBA colleges in India once again. Barring IIMs & IITs, ISB Hyderabad, XLRI-Xavier School of Management Jamshedpur, Management Development Institute Gurgaon, Symbiosis Institute of Business Management Pune, S.P. Jain Institute of Management & Research Mumbai, etc. are amongst the top MBA colleges in India 2023.

Many of the MBA colleges have managed to retain their positions as compared to NIRF Rankings 2022, with a few new entrants on the list. Taking admission to top MBA colleges in India is extremely difficult with the number of MBA aspirants increasing year on year. Luckily, there are many top private MBA colleges in India today, to cater to the increasing demand for Management education in the country.

Admission to most MBA colleges is offered on the basis of an entrance test, followed by a Group Discussion (GD), Personal Interview (PI), and Written Aptitude Test (WAT). Some of the most popular MBA entrance exams in India include CAT, MAT, CMAT, NMAT by GMAC, XAT, SNAP, GMAT, MAH MBA CET, IIFT exam, etc. Check out the important details about top MBA colleges in India 2023 that are going to help you pick the right one!

Top MBA Colleges in India Highlights 2023

Here are some major highlights of top MBA colleges in India.

Best MBA Colleges in India: Highlights 2023

Parameters

Details

Accreditation of MBA Colleges

AICTE & UGC

Governing Body of MBA Colleges

  • Board of Management Studies, Government of India
  • All India Council for Technical Education

No. of MBA Colleges in India

5,000+ (Government & Private)

Degrees Offered by Top MBA Colleges in India

  • MBA (Master of Business Administration)
  • PGDM (Postgraduate Diploma in Management)
  • PGP (Postgraduate Programme in Management)
  • PGPM (Postgraduate Programme in Management)
  • MMS (Master of Management Studies)

MBA Eligibility Criteria in Top MBA Colleges

  • Bachelor’s degree in any stream with 50-60% marks.
  • A valid scorecard in MBA entrance exams accepted by the college.
  • Final-year students are also eligible to apply.

MBA Admission Process

  • Through MBA entrance exams followed by GD/PI & WAT rounds.
  • Direct admission on the basis of educational qualification.

Average MBA Colleges Fees in India

  • IIMs: Rs 11.75 LPA to Rs 32 LPA
  • Private Colleges: Rs 6 LPA to Rs 30 LPA
  • Government Colleges:  Rs 20,000 PA to Rs 20 LPA

Top Specialisations Offered by MBA Colleges

  • MBA in Human Resources
  • MBA in Information Technology
  • MBA in Marketing
  • MBA in Sales & Advertising
  • MBA in Digital Marketing
  • MBA in Business Analytics
  • MBA in Banking & Finance
  • MBA in International Trade

Types of Management Courses in India

In India, there are multiple management programmes that one can pursue. Check out the table below for some of the popular Management courses offered by top MBA colleges in India.

Top Management Courses in India with Duration

Course Name

Popular Course Name

Duration

Master of Business Administration

MBA

2 Years

Postgraduate Diploma in Management

PGDA

1/ 2 Years

Master of Management Studies 

MMS

1 Year

Postgraduate Programme in Management 

PGPM

1 Year

Postgraduate Programme in Management

PGP

1 Year

Top 10 MBA Colleges in India: NIRF Ranking 2023

NIRF has shortlisted the top 10 MBA colleges in India 2023, which mostly includes the IIMs and IITs. NITIE Mumbai and XLRI Jamshedpur are the only two non-IIM & non-IIT to be listed in the top 10. Following are the top 10 MBA colleges in India, according to the NIRF Ranking 2023:

NIRF Ranking 2023 of Top 10 MBA Colleges in India

College Name

State

Score

Rank

IIM Ahmedabad

Gujarat

83.20

1

IIM Bangalore

Karnataka

80.89

2

IIM Kozhikode

Kerala

76.48

3

IIM Calcutta

West Bengal

75.53

4

IIT Delhi

New Delhi

74.14

5

IIM Lucknow

Uttar Pradesh

74.11

6

NITIE Mumbai

Maharashtra

71.99

7

IIM Indore

Madhya Pradesh

71.95

8

XLRI Jamshedpur

Jharkhand

70.75

9

IIT Bombay

Maharashtra

68.11

10

Top 100 MBA Colleges in India: NIRF Ranking 2023

The list of top 100 MBA colleges in India was recently released based on NIRF Ranking 2023. Students looking for admission to MBA courses in 2023 can target any of the following top MBA colleges in India 2023 for admissions. 

NIRF Ranking 2023 of Best MBA Colleges in India 

College Name

State

Score 

Rank

IIM Ahmedabad

Gujarat

83.20

1

IIM Bangalore

Karnataka

80.89

2

IIM Kozhikode

Kerala

76.48

3

IIM Calcutta

West Bengal

75.53

4

IIT Delhi

Delhi

74.14

5

IIM Lucknow

Uttar Pradesh

74.11

6

National Institute of Industrial Engineering, Mumbai

Maharashtra

71.99

7

IIM Indore

Madhya Pradesh

71.95

8

XLRI Jamshedpur

Jharkhand

70.75

9

IIT Bombay

Maharashtra

68.11

10

IIM Raipur

Chhattisgarh

66.18

11

IIM Rohtak

Haryana

65.88

12

MDI Gurgaon

Haryana

64.88

13

IIT Kharagpur

West Bengal

63.92

14

IIT Madras

Tamil Nadu

62.83

15

IIM Udaipur

Rajasthan

62.78

16

Symbiosis Institute of Business Management, Pune

Maharashtra

62.74

17

IIT Roorkee

Uttarakhand

62.14

18

IIM Kashipur

Uttarakhand

61.07

19

S.P. Jain Institute of Management & Research

Maharashtra

60.91

20

NMIMS Mumbai

Maharashtra

60.84

21

IIM Trichy

Tamil Nadu

60.83

22

IIT Kanpur

Uttar Pradesh

60.63

23

IIM Ranchi

Jharkhand

59.99

24

Jamia Millia Islamia, New Delhi

Delhi

59.78

25

IIM Shillong

Meghalaya

59.12

26

IIFT Delhi

Delhi

58.60

27

Amity University Noida

Uttar Pradesh

58.56

28

IIM Visakhapatnam

Andhra Pradesh

57.57

29

Amrita Vishwa Vidyapeetham, Coimbatore

Tamil Nadu

57.02

30

Great Lakes Institute of Management, Chennai

Tamil Nadu

56.62

31

LPU Jalandhar

Punjab

56.44

32

Goa Institute of Management, Sanquelim

Goa

56.28

33

IMI Delhi

Delhi

56.05

34

NIT Trichy

Tamil Nadu

56.01

35

Chandigarh University, Mohali

Punjab

55.98

36

MICA Ahmedabad

Gujarat

55.47

37

IMT Ghaziabad

Uttar Pradesh

55.26

38

UPES, Dehradun

Uttarakhand

54.83

39

ICFAI Foundation for Higher Education, Hyderabad

Telangana

54.29

40

IIM Jammu

Jammu and Kashmir

54.17

41

TAPMI, Manipal

Karnataka

53.48

42

IIM Nagpur

Maharashtra

53.41

43

IIT (Indian School of Mines) Dhanbad

Jharkhand

52.64

44

K J Somaiya Institute of Management Studies and Research, Mumbai

Maharashtra

52.14

45

XIM Bhubaneswar

Odisha

52.09

46

Jaipuria Institute of Management, Noida

Uttar Pradesh

51.81

47

Birla Institute of Management Technology, Greater Noida

Uttar Pradesh

51.74

48

Thapar Institute of Engineering and Technology, Patiala

Punjab

51.67

49

Anna University, Chennai

Tamil Nadu

51.67

49

IIM Amritsar

Punjab

51.30

51

Koneru Lakshmaiah Education Foundation University (K L College of Engineering), Vaddeswaram

Andhra Pradesh

51.29

52

IIM Bodh Gaya

Bihar

51.28

53

Institute of Rural Management Anand

Gujarat

51.19

54

Aligarh Muslim University, Aligarh

Uttar Pradesh

51.18

55

Banaras Hindu University, Varanasi

Uttar Pradesh

51.07

56

Siksha `O` Anusandhan, Bhubaneswar

Odisha

51.03

57

IIM Sambalpur

Odisha

50.90

58

KIIT, Bhubaneswar

Odisha

50.78

59

Christ University, Bengaluru

Karnataka

50.69

60

Nirma University, Ahmedabad

Gujarat

50.04

61

Great Lakes Institute of Management, Gurgaon

Haryana

49.95

62

Fore School of Management, New Delhi

Delhi

49.85

63

Chitkara University, Rajpura

Punjab

49.80

64

Graphic Era University, Dehradun

Uttarakhand

49.77

65

Guru Gobind Singh Indraprastha University, New Delhi

Delhi

49.71

66

International Management Institute, Bhubaneswar

Odisha

49.30

67

Atal Bihari Vajpayee Indian Institute of Information Technology and Management, Gwalior

Madhya Pradesh

49.13

68

Malaviya National Institute of Technology, Jaipur

Rajasthan

48.98

69

International Management Institute, Kolkata

West Bengal

48.43

70

Saveetha Institute of Medical and Technical Sciences, Chennai

Tamil Nadu

48.34

71

BML Munjal University, Gurgaon

Haryana

48.27

72

Principal L N Welingkar Institute of Management Development and Research, Mumbai

Maharashtra

48.21

73

Krea University, Sri City, Chittoor

Andhra Pradesh

48.00

74

National Institute of Technology, Kozhikode

Kerala

47.99

75

National Institute of Bank Management, Pune

Maharashtra

47.08

76

Birla Institute of Technology, Ranchi

Jharkhand

46.96

77

Babasaheb Bhimrao Ambedkar University, Lucknow

Uttar Pradesh

46.61

78

Manipal University, Jaipur

Rajasthan

46.23

79

Jaipuria Institute of Management, Jaipur

Rajasthan

46.15

80

Amity University, Gurgaon

Haryana

46.07

81

Panjab University, Chandigarh

Chandigarh

46.05

82

Rajagiri Business School, Cochin

Kerala

46.03

83

Institute of Management Technology, Hyderabad

Telangana

45.78

84

Jain University, Bengaluru

Karnataka

45.63

85

Bharathidasan Institute of Management, Tiruchirappalli

Tamil Nadu

45.59

86

Alliance University, Bengaluru

Karnataka

45.55

87

Jagan Institute of Management Studies, Delhi

Delhi

45.54

88

PSG College of Technology, Coimbatore

Tamil Nadu

45.44

89

Thiagarajar School of Management, Madurai

Tamil Nadu

44.79

90

Galgotias University, Gautam Budh Nagar

Uttar Pradesh

44.30

91

Jaipuria Institute of Management, Lucknow

Uttar Pradesh

44.22

92

Tezpur University, Tezpur

Assam

44.01

93

Pandit Deendayal Energy University, Gandhinagar

Gujarat

43.92

94

Visvesvaraya Technological University, Belgaum

Karnataka

43.84

95

Jamia Hamdard, New Delhi

Delhi

43.74

96

National Institute of Agricultural Extension Management, Hyderabad

Telangana

43.47

97

IIM Sirmaur

Himachal Pradesh

43.26

98

New Delhi Institute Of Management, Delhi

Delhi

42.61

99

Guru Jambheshwar University of Science and Technology, Hisar

Haryana

42.13

100

Top 10 MBA Colleges in India: NIRF Ranking 2020, 2021, 2022, 2023

The NIRF rankings of MBA colleges are published every year based on factors like graduation rate, research and professional practices, teaching and learning resources, and the overall impression of the institution. Following is a list of the top 10 MBA colleges in India as per NIRF ranking 2020, 2021, 2022 & 2023.

Best MBA Colleges In India: Previous Years' NIRF Ranking 

College Name

NIRF 2023

NIRF 2022

NIRF 2021

NIRF 2020

IIM Ahmedabad

1

1

1

1

IIM Lucknow

6

6

7

4

IIM Calcutta

4

3

3

3

IIM Bangalore

2

2

2

2

IIT Delhi

5

4

5

8

IIM Kozhikode

3

5

4

6

XLRI Jamshedpur

9

8

8

9

IIM Indore

8

7

6

7

IIT Madras

15

10

13

14

NITIE Mumbai

7

9

12

12

Top 10 Govt MBA Colleges in India: NIRF Ranking 2023

There are a large number of government MBA colleges in India that are known for offering excellent education, world-class pedagogy, impressive infrastructure, great placements, and other facilities. Below we have listed down top 10 government MBA colleges in India based on their NIRF Ranking 2023.

NIRF Ranking 2023 of Top 10 Government MBA Colleges in India

Name of the College

NIRF Ranking 2023

Indian Institute of Management Ahmedabad

1

Indian Institute of Management Bangalore

2

Indian Institute of Management Kozhikode

3

Indian Institute of Management Calcutta

4

Indian Institute of Technology Delhi

5

Indian Institute of Management Lucknow

6

National Institute of Industrial Engineering

7

Indian Institute of Management Indore

8

Indian Institute of Technology Bombay

10

Indian Institute of Management Raipur

11

Top 10 Private MBA Colleges in India: NIRF Ranking 2023

India has over 2900 private MBA colleges offering various management programs in different specialisations. Find below the list of top 10 private MBA colleges in India based on their NIRF ranking 2023.

NIRF Ranking 2023 of 10 Best Private MBA Colleges in India

Name of the College

NIRF Ranking 2023

Xavier Labour Relations Institute

9

Management Development Institute

13

Symbiosis Institute of Business Management

17

S P Jain Institute of Management and Research

20

SVKM's Narsee Monjee Institute of Management Studies

21

Amity University, Gautam Budh Nagar

28

Great Lakes Institute of Management

31

Lovely Professional University

32

International Management Institute

34

T. A. Pai Management Institute

42

Placements Offered by Top MBA Colleges in India

IIMs, IITs, and other top colleges like FMS Delhi, XLRI, SPJIMR, MDI, IIFT, MICA, etc. offer excellent placement packages to students. Check out the average MBA salary offered by top MBA colleges in 2023.

Placement-Wise Top MBA Colleges in India

College Name

Average MBA Salary 2023

Average MBA Salary 2022

Average MBA Salary 2021

Top Companies Offering Placements

IIM Ahmedabad

Rs 36.2 LPA

Rs 32.80 LPA

Rs 27.54 LPA

  • Airtel
  • Accenture
  • Grofers
  • Flipkart
  • Microsoft
  • HSBC

IIM Bangalore

Rs 35.31 LPA

Rs 33.82 LPA

Rs 28.98 LPA

  • Urban Clap
  • Aditya Birla Group
  • Google
  • JP Morgan
  • Asian paints
  • American Express

IIM Calcutta

Rs 35.07 LPA

Rs 34.20 LPA

Rs 29.00 LPA

  • Dabur
  • Whirlpool
  • Nokia
  • Dell
  • Oracle
  • Viacom 18

FMS Delhi

Rs 34.10 LPA

Rs 32.40 LPA

Rs 26.20 LPA

  • ABN AMRO Bank
  • American Express
  • Bank of America
  • Bristlecone
  • Mahindra & Mahindra
  • AIG
  • Microsoft India
  • HCL Technologies

IIM Lucknow

Rs 32.20 LPA

Rs 31.03 LPA

Rs 26.00 LPA

  • Axis Bank
  • Ebay
  • Coca-cola
  • Yahoo
  • Cadbury
  • Godrej

ISB Hyderabad

Rs 34.21 LPA

Rs 34.08 LPA

Rs 28.21 LPA

  • A.T. Kearney Limited
  • Google India Pvt Ltd
  • HDFC Bank
  • Adani Group
  • Aditya Birla Group
  • Apple South Asia Pte Ltd
  • Tech Mahindra Limited

Masters Union, Gurugram

Rs 33.10 LPA

Rs 29.12 LPA

Rs 27.45 LPA

  • BCG
  • McKinsey & Co.
  • Accenture
  • CRED
  • Google
  • Microsoft
  • MakeMyTrip
  • Unacademy
  • Citibank

SPJIMR, Mumbai

Rs 33.02 LPA

Rs 32.05 LPA

Rs 26.06 LPA

  • Asian Paints
  • Kimberly Clark
  • Castrol
  • L'Oréal
  • Colgate-Palmolive
  • Marico
  • Hindustan Unilever Limited
  • Godrej Group

XLRI Jamshedpur

Rs 32.70 LPA

Rs 30.07 LPA

Rs 25.08 LPA

  • Accenture
  • Adani Group
  • Airbnb
  • Amazon
  • American Express
  • Bajaj
  • CEAT
  • Goldman Sachs
  • Nestle

IIM Kozhikode

Rs 31.02 LPA

Rs 29.50 LPA

Rs 22.53 LPA

  • Capgemini
  • Amazon
  • Flipkart
  • EY
  • Infosys
  • Myntra
  • Loreal
  • KPMG
  • TATA Steel

IIM Indore

Rs 30.21 LPA

Rs 25.01 LPA

Rs 23.60 LPA

  • Aditya Birla Fashion and Retail
  • Capgemini
  • Deloitte
  • ICICI Bank
  • Cognizant
  • Genpact
  • HSBC
  • Infosys
  • TCS
  • Royal Enfield

IIFT Delhi

Rs 29.10 LPA

Rs 25.16 LPA

Rs 21.08 LPA

  • Accenture Strategy
  • Deloitte Consulting
  • Mckinsey
  • Reliance
  • Microsoft
  • Shangri La
  • Tata Steel
  • Dell Technologies

SJMSoM, IIT Bombay

Rs 28.88 LPA

Rs 25.93 LPA

Rs 21.96 LPA

  • Accenture
  • Amazon
  • Google
  • HCL Tech
  • Deloitte USI
  • Nation with Namo
  • Quintics
  • Fullerton India
  • ICICI Bank
  • Indus Valley Partners

MDI Gurgaon

Rs 27.67 LPA

Rs 26.65 LPA

Rs 23.15 LPA

  • Amazon
  • Aditya Birla Group
  • Reliance Industries
  • Godrej
  • Accenture
  • McKinsey
  • Adidas

TISS Mumbai

Rs 27.22 LPA

Rs 23.97 LPA

Rs 19.62 LPA

  • Deloitte
  • Asian Paints
  • HUL
  • ITC
  • Kotak Mahindra
  • Accenture
  • Aditya Birla Group

Source: Placement reports 2023 based on data released by colleges listed above.

Top MBA Colleges in India: Zone-wise

As discussed above, India has over 5000 MBA colleges located in various parts across the country. Below we have listed the top MBA colleges in India in North, South, East & West.

Zone-Wise Best MBA Colleges in India

North Zone

South Zone

East Zone

West Zone

FMS Delhi

IIM Bangalore

IIM Calcutta

IIM Ahmedabad

IIM Lucknow

ISB Hyderabad

XLRI Jamshedpur

IIM Udaipur

MDI Gurgaon

IIM Kozhikode

IIM Shillong

SPJIMR Mumbai

IIFT Delhi

IIM Trichy

Birla Institute of Technology, Ranchi

Entrepreneurship Development Institute of India

IMT Ghaziabad

IIT Madras

IIM Ranchi

NMIMS Mumbai

Top MBA Colleges in India: Fees & ROI

Fee is a significant component that influences the selection of MBA colleges. Some private MBA colleges in India have higher fees, however, the ROI (Return on Investment) is quite impressive. Below we’ve mentioned the average MBA fees for top govt and private colleges in India along with the Return on Investment (ROI).

Top Govt MBA Colleges with Fees & ROI

Name of the College

**Total Fees Range 

Average Salary 

Batch

IIT Delhi

Rs 8 L - Rs 10 L

Rs 25.82 LPA

2021-2023

NITIE Mumbai

Rs 8.7 L - Rs 12.5 L

Rs 25.4 LPA

2022

IIT Kharagpur

Rs 3 L - Rs 25 L

Rs 22.13 LPA

2021-2023

IIT Madras

Rs 6 L - Rs 8 L

Rs 16.66 LPA 

2022

FMS Delhi

Rs 20,960

Rs 34.1 LPA

2021-2023

**Note: The fee range in the table is based on previous years’ data. Fees for the upcoming academic year will soon be released by the respective institutes.

Top Private MBA Colleges with Fees & ROI

College Name

**Total Fees Range 

Average Salary 

Placement Year

XLRI Jamshedpur

Rs 23 L

Rs 32.7 LPA

2023

MDI Gurgaon

Rs 20 L - Rs 21 L

Rs 27 LPA

2023

Symbiosis Institute of Business Management

Rs 20 L - Rs 22 L

Rs 26.7 LPA

2023

SPJIMR

Rs 17 L - Rs 19 L

Rs 33.02 LPA

2023

NMIMS Mumbai

Rs 12 L - Rs 19 L

Rs 25.95 LPA

2023

**Note: The fee range in the table is based on previous years’ data. Fees for the upcoming academic year will soon be released by the respective institutes.

Top MBA Colleges in India: Expected CAT 2023 Cut-off

The majority of applicants check the previous years’ cutoffs or the expected cutoffs of the top MBA colleges in India so that they can set their goals accordingly. IIMs top the list of MBA colleges in India accepting CAT score for MBA admissions. The expected CAT 2023 cutoffs for the top MBA colleges in India has been provided below.

Expected CAT Cutoff 2023 for IIMs

Name of the IIM

Expected CAT 2023 Percentiles (for General candidates)

IIM Ahmedabad

99-100

IIM Bangalore

99-100

IIM Calcutta

99

IIM Lucknow

97-98

IIM Indore

97-98

IIM Kozhikode

97-98

IIM Amritsar

95-96

IIM Nagpur

95-96

IIM Sambalpur

95-96

IIM Tiruchirappalli

94-95

IIM Raipur

94-95

IIM Ranchi

94-95

IIM Kashipur

94-95

IIM Vizag

92-94

IIM Rohtak

92-94

IIM Udaipur

92-94

IIM Bodhgaya

92-94

IIM Shillong

90

IIM Sirmaur

90

IIM Jammu

90

Expected CAT Cutoff 2023 for Other Top MBA Colleges in India

Colleges Accepting 90 Percentile & Above

Colleges Accepting 80 Percentile & Above

Colleges Accepting 70 Percentile & Above

Colleges Accepting 60 Percentile & Above

  • Great Lakes Institute of Management Gurgaon
  • IMT Nagpur
  • BIMTECH Greater Noida
  • SDMIMD Mysore
  • IMT Hyderabad
  • SOIL Institute of Management
  • IFMR Graduate School of Business at KREA University
  • MDI Murshidabad

Top MBA Colleges in India: Admission Process

MBA admission process varies as per the college one is applying to. Below we have mentioned the basic stages one needs to go through while applying for MBA admission.

  • As most of the top MBA colleges in India 2023 accept admission on the basis of entrance exam scores, students first need to apply for the test accepted by their desired college.
  • Those qualifying for the MBA entrance exams are shortlisted for the admission process which generally includes Group Discussion (GD), Personal Interview (PI), and Written Ability Test (WAT). 
  • The admission is done on the basis of a candidate’s performance in the selection rounds, academic background, entrance exam score, etc. Those who get admission have to report to the college for fee payment and other formalities.

Top MBA Colleges in India: Entrance Exams & Selection Process

Name of the College

Accepted MBA Entrance Exams

Selection Process

IIM Ahmedabad

CAT

WAT, PI

IIM Bangalore

CAT

WAT, PI

IIM Kolkata

CAT

WAT, PI

IIM Indore

CAT

WAT, PI

IIM Lucknow

CAT

WAT, PI

XLRI Jamshedpur

XAT

GD/WAT, PI

SPJIMR Mumbai

CAT/XAT

GD PI

FMS, Delhi

CAT

GD/Extempore, PI

MDI Gurgaon

CAT

GD PI

IMI, New Delhi

CAT

GD/WAT, PI

IIFT, Delhi

IIFT Exam

GD/WAT, PI

IMT, Ghaziabad

CAT/XAT

GE/WAT, PI

XIM Bhubaneswar

CAT/XAT

GD/WAT, PI

SIBM, Pune

SNAP

GD/WAT, PI

NMIMS, Mumbai

NMAT

GD/WAT, PI

Direct MBA Admission Without Entrance Exam

There are many MBA colleges in India that offer direct admission without entrance exams. To take direct admission into MBA colleges, candidates need to go through the following steps.

  • Filling out the application form of the desired college available on its official website.
  • Getting shortlisted for admission based on academic qualifications.
  • Appearing for Group Discussion/ Personal Interview, if conducted by the college.
  • Reporting at the designated college and paying the admission fees.

Entrance Exams Accepted by Top MBA Colleges in India

MBA entrance exams are a gateway for admission to top MBA colleges in India. There are national, state, and institute-level entrance exams that candidates can appear for, depending on the college they are targeting. Below we have listed down some of the popular entrance exams accepted by various top MBA colleges in India 2023.

Top MBA Entrance Exams In India: Conducting Body and College Accepting Scores

MBA Entrance Exam

Conducting Body

Colleges Accepting Scores

CAT

Indian Institutes of Management (IIMs)

  • IIMs & IITs
  • SPJIMR, Mumbai
  • MDI Gurgaon
  • FMS New Delhi
  • MICA Ahmedabad
  • Great Lakes Chennai
  • GIM Goa

GMAT

Graduate Management Admission Council (GMAC)

  • SPJIMR, Mumbai
  • Great Lakes Chennai
  • XIM Bhubaneswar
  • IMT Ghaziabad
  • IMI Gurgaon
  • ISB, Hyderabad & Mohali
  • IIMs (Executive Programmes)

MAT

All India Management Association (AIMA)

CMAT

National Testing Agency (NTA)

  • Great Lakes Institute of Management
  • GIM Goa
  • K J Somaiya Institute of Management
  • BIMTECH Greater Noida
  • Welingkar Mumbai
  • Amrita School of Business Coimbatore

XAT

XLRI, Jamshedpur

  • XLRI Jamshedpur
  • MICA Ahmedabad
  • XIM Bhubaneswar
  • IMI New Delhi
  • Xavier Institute of Management & Research
  • Xavier Business School
  • Loyola Institute of Business Management

NMAT by GMAC

Graduate Management Admission Council (GMAC)

  • NMIMS
  • KJ Somaiya Institute of Management
  • XIM Bhubaneswar
  • TAPMI Manipal
  • SPJIMR, Mumbai
  • ISB Hyderabad

SNAP

Symbiosis International (Deemed) University (SIU)

IIFT Exam

National Testing Agency (NTA)

MAH MBA CET

State Common Entrance Test Cell, Maharashtra

TISSNET

TISS Mumbai

  • TISS Mumbai
  • TISS Hyderabad
  • TISS Guwahati
  • TISS Tuljapur

MICAT

MICA, Ahmedabad

  • Mudra Institute of Communications, Ahmedabad

Top MBA Colleges in India Based on Specialisation

Some MBA specialisations include industry-specific electives and hands-on learning opportunities, while some concentrate on basic management topics. Let’s check out some of the popular MBA specialisations offered by B-schools in India.

Top MBA Colleges in India for Finance

Top MBA Colleges in India for HR

  • Xavier Labour Relations Institute
  • Tata Institute of Social Sciences
  • International School of Business and Media
  • Jayoti Vidyapeeth Women's University
  • GNA University
  • Faculty Of Management Studies (FMS)- University of Delhi
  • Management Development Institute (MDI)

Top MBA Colleges in India for IT

  • Jamnalal Bajaj Institute of Management Studies (JBIMS)
  • Balaji Institute of Modern Management
  • Lloyd Business School
  • ASM Group of Institutions
  • University of Engineering & Management (UEM)
  • Symbiosis Centre for Information Technology
  • KJ Somaiya Institute of Management Studies and Research

Top MBA Colleges in India for Marketing

Top MBA Colleges in India for Operations Management

  • T.A.Pai Management Institute (TAPMI)
  • Indian Institute of Social Welfare and Business Management
  • Alliance University
  • DY Patil University School of Management
  • Manav Rachna University (MRU)
  • School of Management Sciences
  • Great Lakes Institute of Management

Top MBA Colleges in India for Business Analytics

How to Select Top MBA Colleges in India?

If you are confused about which college to choose for MBA admission, then check out the points below to get some clarity.

  • Ranking & Affiliation Programmes: The ranking and affiliation of a college is a crucial factor that must be considered while seeking MBA admission. Before applying to the college, check its NIRF ranking, NAAC grade, and if it’s certified by either AICTE or AIU.
  • Courses Offered and Your Eligibility: It is necessary to have an idea of the courses offered by the colleges you wish to apply to. Also, it’s important to check whether you are eligible for that particular course.
  • Course Fees: The course fee is an essential factor that can’t be ignored when choosing the top MBA colleges in India. Know the cost of education beforehand so you can figure out the ways to afford the fees if it’s out of your budget.
  • Teacher-Student Ratio & Infrastructure: Make sure that the college you choose offers enough faculty in comparison to the ratio of students. Also, check whether the college has a good campus, favourable classroom environment, library, hostel facility, cafeteria, etc.
  • Placement Records: Before making a decision, check the placement percentage of the college, average salary, recruitment sectors, companies attending the campus recruitments, etc.

Top MBA Colleges in India 2023: Eligibility Criteria

Applicants must meet the following eligibility criteria for admission to top MBA colleges in India 2023.

  • Candidates must hold a bachelor's degree in any discipline from a recognized board.
  • For students in the General category, a graduation score of at least 50% is mandatory. Students belonging to SC, ST, or PWD categories can get a 5% exemption and must achieve an overall score of at least 45%.
  • Applicants who are in their final year of graduation can also apply. However, admission will be confirmed only if they achieve the required marks in the final results.
  • Candidates must qualify for entrance exams, such as the CAT, XAT, GMAT, SNAP, NMAT, or CMAT, and meet the cut-off marks required to apply for admission.
  • Candidates who have earned a Bachelor's or Master's degree through correspondence or the Open University System are also eligible.

Top MBA Colleges in India FAQs

Qs. Which are the top 10 MBA colleges in India that don’t require CAT scores?

Ans. Among the top 10 MBA colleges in India that don’t require CAT score include XLRI Jamshedpur (XAT), MICA Ahmedabad (MICAT), Tata Institute of Social Sciences (TISSNET), Symbiosis Institute of Business Management (SNAP), SPJIMR Mumbai (XAT), IIFT Delhi (IIFT Entrance Exam) and ICFAI Foundation for Higher Education, Hyderabad (IBSAT, NMAT by GMAC, GMAT).

Qs. Which are the popular MBA colleges in India with fees under 10 Lakhs?

Ans. Some of the popular MBA colleges in India with fees under 10 Lakhs include IIT Delhi (Rs 9.6 Lakhs), Symbiosis Centre for Management and Human Resource Development, Pune (Rs 8.13 Lakhs), IIT Bombay (Rs 10.08 Lakhs), BITS Pilani (Rs 9.49 Lakhs) and NITIE Mumbai (Rs 7.62 Lakhs).

Qs. Which are the top MBA colleges in India for Finance?

Ans. Some of the top MBA colleges in India for Finance are SPJIMR Mumbai (PGDM in Finance), NMIMS Mumbai (MBA in Banking), National Institute of Bank Management, Pune (PGDM in Banking & Financial Services); Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR (PGDM in Finance), KJ Somaiya Institute of Management Studies and Research, Mumbai (PGDM in Financial Services) and XISS Ranchi (PGDM in Finance).


Qs. Which are the top MBA colleges in India with best placements?

Ans. Some of the top MBA colleges in India with best placements include IIM Ahmedabad, NMIMS Mumbai, IIM Kozhikode, IIM Calcutta, IIM Lucknow, XLRI Jamshedpur, IIM Indore, MDI Gurgaon & IIT Kharagpur.


Qs. Are there any MBA colleges in India that offer admission without graduation?

Ans. No, there are no MBA colleges in India that offer admission without graduation. Since an MBA course is a postgraduate degree, aspirants must hold a Bachelor's degree in any discipline from a recognized university to pursue the same.


Qs. Do the top MBA colleges in India offer scholarships?

Ans. Yes, the top MBA colleges in India do offer scholarships. Some of these include Management Development Institute (MDI), Gurgaon; Indian School of Business (ISB), Hyderabad; ICFAI Business School; MICA Ahmedabad and Institute of Rural Management, Anand (IRMA).

Qs. Which are the popular MBA colleges in India for Marketing?

Ans. IMT, Ghaziabad (PGDM in Marketing); XISS, Ranchi (PGDM in Marketing); N. L. Dalmia Institute of Management Studies and Research, Mumbai (PGDBM in Marketing); SPJIMR Mumbai (PGDM); KIIT University, Bhubaneswar (MBA in Marketing Management) are among the popular MBA colleges in India for Marketing.


Qs. Which are the popular MBA colleges in India that accept GMAT scores?

Ans. Some of the popular MBA colleges in India that accept GMAT scores include ISB Hyderabad; IIM Indore; SPJIMR, Mumbai; Xavier Institute of Management, Jamshedpur; Institute of Management Technology, Nagpur; and Christ University, Bangalore.


Qs. Which are the popular MBA colleges in India with the best faculty?

Ans. Some of the popular MBA colleges in India with the best faculty include XLRI Jamshedpur; MDI Gurgaon; SIBM Pune; S.P. Jain Institute of Management and Research (SPJIMR), Mumbai; and National Institute of Industrial Engineering (NITIE), Mumbai.


Qs. Which are the most affordable MBA colleges in India?

Ans. Some of the most affordable MBA colleges in India include FMS, Delhi; Jamia Millia Islamia University, Delhi; Delhi School of Economics, DU; Tata Institute of Social Sciences (TISS), Mumbai; Institute of Management Studies, BHU; Pune University Department of Management Sciences (PUMBA) & SIMSREE, Mumbai.

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

IIM Ahmedabad

  • Approved by: EQUIS NAAC AICTE
  • Type: Government
  • NIRF Ranking: 1
IIMA has been consistently ranked as the premier management school in the country by several national agencies. IIMA programmes are also ranked highly in several international rankings. In 2008, IIMA became the first management school in the country to be awarded EQUIS (European Quality Improvement System) accreditation by the EFMD (European Foundation for Management Development). The two-year full-time Post Graduate Programme in Management (PGP), is considered the toughest MBA programme in the world to get admission. Admission for the IIMA management programme is based on CAT examination. IIMA MBA Fees is Rs 23 lakhs and range up to Rs 32 lakhs for other management programmes.
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IIM Bangalore

  • Approved by: AICTE EQUIS Ministry of HRD
  • Type: Government
  • NIRF Ranking: 2
Indian Institutes of Management Bangalore, popularly known as IIM Bangalore is among India's oldest Indian management schools. It also stands as one of the top B-schools in Asia, established in 1973. There are numerous postgraduate and doctoral programmes offered by IIM Bangalore. IIM Bangalore accepts CAT, GMAT, and GRE results for admission to postgraduate programmes. IIM Bangalore courses are MBA, and Executive MBA, including their flagship PGP programme. The PGP programme lasts for two years and is a full-fledged degree programme. IIM Bangalore top recruiters include McKinsey & Co, Microsoft, Amazon, Mindswork Consulting, Morgan Stanley, and Accenture.
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IIM Calcutta

  • Approved by: UGC AMBA AACSB EQUIS
  • Type: Government
  • NIRF Ranking: 4
IIM Kolkata is one of India's top five MBA colleges and the best MBA college in West Bengal. IIMC also offer an executive MBA programme along with MBA courses. IIM Kolkata's MBA admissions procedure is based on CAT scores, group discussions, and personal interviews. MBA admission to IIM Kolkata requires a CAT score of 95 or higher. The biggest package offered at IIM Kolkata placements is Rs. 80 LPA, with an average package of Rs. 26 LPA.
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IIT Delhi

  • Approved by: NAAC
  • Type: Government
  • NIRF Ranking: 5

IIM Lucknow

  • Approved by: AICTE AMBA AACSB EQUIS
  • Type: Government
  • NIRF Ranking: 6
  • Business Administration (2192)
  • General Management (1856)
  • Finance (1409)
  • Marketing (1345)
  • Human Resources Management (1311)
  • International Business (545)
  • Operations Management (348)
  • Information Technology (331)
  • Business Analytics (320)
  • Management (224)

NIPER Mohali

  • Approved by: PCI Other
  • Type: Public
National Institute of Pharmaceutical Education and Research or NIPER Mohali was established in 1998. NIPER Mohali offers full-time 2-years MBA (Pharm.) programme. NIPER accepts GPAT/GATE exams for admission to its course. Candidates can also apply for NIPER JEE MBA exam throu the official website of National Institute of Pharmaceutical Education and Research. NIPER Mohali offers 70-80% placement opportunities to its students. Top recruiters of NIPER Mohali includes Dr Reddy's Lab, Mylan, Novartis, Cadila, etc.
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IIT Bombay

  • Approved by: AICTE
  • Type: Government
  • NIRF Ranking: 10

JD Institute of Fashion Technology (JDIFT), Delhi

  • Approved by: UGC NAAC
  • Type: Private

Vogue Institute of Art and Design

  • Approved by: ISO NAAC
  • Type: Private Unaided
Vogue Institute of Art and Design is a popular management institute located in Bangaluru affiliated by the University of Mysore. VIFT offers diploma, undergraduate, postgraduate, and corporate programmes in the field of management. Admission to these courses is based on the merit received by the students in their 10+2 and bachelors’ programme respectively. The college has a dedicated Training and Placement cell that invites companies such as Tommy Hilfiger, Levis, Lifestyle, etc. offering an average package of Rs 6 Lakhs per annum.
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IIT Kharagpur

  • Approved by: UGC AICTE
  • Type: Government
  • NIRF Ranking: 14
IIT Kharagpur is one of the top B-schools as per NIRF Ranking and the best management college located in West Bengal. Starting with its flagship Master of Business Administration, VGSoM currently offers a repertoire of five programmes. To take admission in MBA at VGSoM, the applicant must have a Bachelor’s degree of minimum 4-year duration in engineering, technology, pharmacy, medicine, or similar disciplines, or a Master’s degree in Science/Economics/Commerce (with Mathematics or Statistics at Bachelor’s level).
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IIT Madras

  • Approved by: AICTE
  • Type: Government
  • NIRF Ranking: 15

Institute of Engineering and Management also known as IEM Kolkata, is considered one of the best management colleges in West Bengal. Established in 1989 in Kolkata by Mr Satyajit Chakrabarti, the IEM Kolkata aspires to provide quality education to its students. The fees for BBA at IEM Kolkata is Rs 1,00,000. Admission to the IEM Kolkata three year long BBA course is possible through the college’s entrance examination like IEM and JEE. The eligibility criteria for BBA is that the applicants must have cleared their class 12 board examinations conducted by a recognized board, with an aggregate scorecard of minimum 50%. 

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IIM Udaipur

  • Approved by: AACSB MHRD
  • Type: Government
  • NIRF Ranking: 16

Symbiosis Group Of Institutes

  • Approved by: NAAC
  • Type: Private
  • NIRF Ranking: 17

IIT Roorkee

  • Approved by: NAAC
  • Type: Government
  • NIRF Ranking: 18

IIM Kashipur

  • Approved by: AMBA AACSB EQUIS MHRD
  • Type: Government
  • NIRF Ranking: 19

NMIMS Mumbai

  • Approved by: UGC NBA NAAC AICTE
  • Type: Private Unaided
  • NIRF Ranking: 21
Narsee Monjee Institute of Management Studies was established in 1981 and has since grown to become a globally renowned institution. The Shri Vile Parle Kelavani Mandal (SVKM), recognised for its social concern, decided to meet India's growing demand for management institutes. The University Grants Commission and the Ministry of Education have authorised the institute, and it is accredited by the NAAC and NBA. The management college is AACSB certified, while the Bengaluru and Hyderabad programmes are AMBA accredited. The Mumbai University was the first to recognise the institute. NMIMS currently offers 17 specialised schools and 16 fields. Management, business, commerce, and economics, pharmaceutical sciences, engineering, and technology management are among the programmes offered.
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IIT Kanpur

  • Approved by: AICTE NBA
  • Type: Government
  • NIRF Ranking: 23

IIM Ranchi

  • Approved by: AICTE AMBA MHRD
  • Type: Government
  • NIRF Ranking: 24

Jamia Millia Islamia

  • Type: Government Aided
  • NIRF Ranking: 25

Indian Institute of Foreign Trade (IIFT), New Delhi

  • Approved by: UGC AACSB AIMA NAAC EFMD
  • Type: Private Unaided
  • NIRF Ranking: 27
India's top MBA programme for international business is at IIFT New Delhi. The popular MA and Executive MBA programmes offered by IIFT are also available to students. IIFT New Delhi's MBA admissions procedure is based on the IIFT Entrance Exam administered by NTA, which is followed by an Extempore and a Personal Interview. The highest salary package offered at IIFT New Delhi is 50 LPA for domestic employees and 80 LPA for international employees.
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Amity University (AIHC), Noida

  • Approved by: UGC AICTE NAAC
  • Type: Private Unaided
  • NIRF Ranking: 28

Great Lakes Institute of Management, Chennai

  • Approved by: AICTE NBA AMBA SAQS
  • Type: Private
  • NIRF Ranking: 31
Great Lakes Institute of Management Chennai is one of the top ranked management institute in India. The institute has been ranked 31 for MBA/PGDM by NIRF 2022. Great Lakes Chennai has also been ranked fifth among best private management colleges by the Outlook ICARE Ranking 2021.Great Lakes Chennai admissions are based on the score of CAT/ XAT exams. Great Lakes Chennai highest salary 2022 stood by Rs 35 lakh per annum. The top recruiters of Great Lakes include Deloitte, Accenture, HCL, and Cognizant.
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LPU

  • Approved by: NCTE NABL IAP ICAR ACU ACBSP NAAC
  • Type: Private (State University)
  • NIRF Ranking: 32

NIT Trichy

  • Approved by: UGC NBA AICTE
  • Type: Government
  • NIRF Ranking: 35

Guru Nanak Institute of Hotel Management

  • Approved by: UGC AICTE
  • Type: Private

Chandigarh University

  • Approved by: UGC AICTE NBA BCI PCI AIU Council of Architecture (COA) NCTE NCHMCT ACU NAAC
  • Type: Private (State University)
  • NIRF Ranking: 36

UPES Dehradun

  • Approved by: UGC AIU IACBE ISO DSIR NAAC
  • Type: Private Aided
  • NIRF Ranking: 39

IFHE Hyderabad

  • Approved by: AACSB UGC NAAC
  • Type: Deemed to be University
  • NIRF Ranking: 40

FAQs

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.

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

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

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 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

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

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

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 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

What courses are offered by MBA colleges in India?

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

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