Top MBA Colleges in India September 2023

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

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

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

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 

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 

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

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

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

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

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

**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

**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

Expected CAT Cutoff 2023 for Other Top MBA Colleges in India

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

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

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

• SP Jain Institute of Management and Research
• Narsee Monjee Institute of Management Studies
• Jain University
• Institute Of Management - Christ University
• Lal Bahadur Shastri Institute of Management (LBSIM)
• National Institute of Bank Management
• Xavier Institute of Social Service Ranchi

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

• Indian Institute of Management, Ahmedabad
• Institute of Public Enterprise
• PCTE Group of Institutions
• Rathinam Group of Institutions
• Jagran Lakecity University
• Indian Institute of Management, Calcutta
• SP Jain Institute of Management and Research (SPJIMR)

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

• Manav Rachna University
• VELS University
• Galgotias Business School
• Chandigarh University
• BIMS Kolkata
• Christ University Institute of Management
• DIT University

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.