Top 50 MBA Colleges in India | List of Top Colleges, Fee Structure and More

There are a number of MBA colleges in India, and it is important for every aspirant to diligently think and choose their desired MBA Colleges before enrolling. The MBA College you choose has to offer top-notch education, reputation, excellent placement opportunities, alumni network, the faculty etc., in order to experience the best learning experience and pursue a rewarding career. Candidates can also get reviews from the alumni, internet and other resources to get an idea of the best colleges. To make it easier for candidates in their search for top MBA institutes in India, the highlights of the top 10 MBA colleges in India are given below.

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The National Institutional Ranking Framework was approved by the MHRD and introduced and approved by the Honourable Minister of Human Resource Development in the year 2015. The Universities have been ranked across the country using various factors and on the basis of several parameters. IIM Ahmedabad has gained the top position in the list of MBA colleges over the past two years. There has always been a constant lookout for good MBA Colleges in India due to the increasing demand for management professionals and the remuneration provided after an MBA degree. The following is a list of the best Management colleges in the country.

Top 50 MBA Colleges in India 2020-2021

“Which college is best for MBA in India?” is the question that comes to the mind of all management aspirants. Before enrolling in an institution, students must research about the college and read through the reviews provided by passed out students, research on reviews from the internet and choose wisely, as it is an important factor that will shape their future. The top MBA colleges in India with the ranking score is given in the following table:

SI.No

Name of the College

City and State

Score

1

Indian Institute of Management – IIM Ahmedabad

Ahmedabad, Gujarat

83.69

2

Indian Institute of Management – IIM Bangalore

Bengaluru, Karnataka

83.48

3

Indian Institute of Management – IIM Calcutta

Kolkata, West Bengal

80.04

4

IIM Kozhikode – Indian Institute of Management

Kozhikode, Kerala

73.34

5

Department of Management Studies, IIT Delhi

New Delhi, Delhi

72.15

6

IIM Indore – Indian Institute of Management

Indore, Madhya Pradesh

71.10

7

IIM Lucknow – Indian Institute of Management

Lucknow, Uttar Pradesh

71.02

8

XLRI Xavier School of Management

Jamshedpur, Jharkhand

69.93

9

IIT Kharagpur

Kharagpur, West Bengal

69.50

10

Indian Institute of Technology, Bombay

Mumbai, Maharashtra

68.08

11

Management Development Institute

Gurugram, Haryana

67.59

12

National Institute of Industrial Engineering, Mumbai

Mumbai, Maharashtra

64.52

13

Indian Institute of Technology, Madras

Chennai,Tamil Nadu

64.32

14

Indian Institute of Technology, Roorkee

Roorkee, Uttarakhand

63.79

15

Indian Institute of Management, Raipur

Raipur, Chhattisgarh

62.12

16

Indian Institute of Technology, Kanpur

Kanpur, Uttar Pradesh

61.31

17

Indian Institute of Management – IIM Tiruchirappalli

Tiruchirappalli, Tamil Nadu

61.10

18

Indian Institute of Management, Udaipur

Udaipur, Rajasthan

60.94

19

S. P. Jain Institute of Management & Research

Mumbai, Maharashtra

58.73

20

Symbiosis Institute of Business Management

Pune, Maharashtra

58.64

21

Indian Institute of Management, Ranchi

Ranchi, Jharkhand

58.26

22

SVKM’s Narsee Monjee Institute of Management Studies

Mumbai, Maharashtra

57.53

23

Indian Institute of Management, Shillong

Shillong, Meghalaya

56.87

24

Great Lakes Institute of Management

Chennai, Tamil Nadu

56.75

25

Indian Institute of Foreign Trade

New Delhi, Delhi

56.59

26

International Management Institute

New Delhi, Delhi

56.26

27

ICFAI Foundation for Higher Education

Hyderabad, Telangana

55.82

28

Indian Institute of Management, Rohtak

Rohtak, Haryana

55.40

29

Amity University

Gautam Budh Nagar, Uttar Pradesh

55.09

30

Indian School of Mines

Dhanbad, Jharkhand

54.54

31

Kalinga Institute of Industrial Technology

Bhubaneswar, Odisha

54.35

32

T. A. Pai Management Institute, Manipal

Manipal, Karnataka

54.08

33

Indian Institute of Management – IIM Kashipur

Kashipur, Uttarakhand

53.10

34

Xavier University

Bhubaneswar, Odisha

53.05

35

Goa Institute of Management

Sanquelim Goa

52.75

36

Jamia Millia Islamia University

New Delhi, Delhi

52.39

37

Lovely Professional University

Phagwara, Punjab

51.85

38

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

Vaddeswaram, Andhra Pradesh

51.61

39

Institute of Management Technology

Ghaziabad, Uttar Pradesh

51.61

40

Indian Institute of Management, Nagpur

Nagpur, Maharashtra

50.62

41

BML Munjal University

Gurgaon, Haryana

50.05

42

Thapar Institute of Engineering and Technology

Patiala, Punjab

49.76

43

Fore School of Management

New Delhi, Delhi

49.34

44

Birla Institute of Management Technology

Greater Noida, Uttar Pradesh

48.83

45

Chandigarh University

Mohali, Punjab

48.57

46

University of Petroleum and Energy Studies

Dehradun, Uttarakhand

48.47

47

Banaras Hindu University

Varanasi, Uttar Pradesh

47.89

48

National Institute of Technology Tiruchirappalli

Tiruchirappalli, Tamil Nadu

47.71

49

Aligarh Muslim University

Aligarh, Uttar Pradesh

47.64

50

KREA University Sri City

Chittoor, Andhra Pradesh

47.50

Highlights of the Top 10 MBA Colleges in India

There is no doubt that the top management colleges excel in terms of infrastructure, quality education, great faculty, etc. It is the dream for every management aspirant to secure a seat among the top ten MBA colleges in India. Students get access to global connections through exchange programs, outstanding placements, research facilities, and all other factors that distinguish the top MBA colleges from the other institutions. Students have access to a large alumni network and will gain practical experience, professional expertise, and practical knowledge through internships and courses.

The elite IIMs consistently rank at the top of the list of best MBA institutions given the quality of education, incredibly competitive environment, and best and top-notch professors who provide students with all managerial abilities needed for a successful career. To make it easier for candidates to search for colleges, we have curated the list of top MBA colleges in India. Every institution is distinct in its own way; however, the following management schools in India offer the best management education in India. The following are the highlights of the top 10 MBA colleges in India.

IIM Ahmedabad – Indian Institute of Management

Ahmedabad, Gujarat, is home to IIM Ahmedabad, popularly known as IIMA. Various worldwide ranking agencies and national institutes have named the Institute as India’s finest management college. In the Financial Times Global MBA Ranking 2022, IIMA was positioned 62nd out of 100 B-Schools. Every B-School aspirant’s dream is to be admitted into IIMA. In addition, IIMA programmes are widely acclaimed in a number of international rankings. IIMA is the country’s first MBA college to be accredited by the European Quality Improvement System, generally known as the EQUIS ranking. Click IIM-A to get a complete list of information about IIM Ahmedabad.

Programmes Offered

MBA-PGPM, MBA-PGPX etc.

Accreditations

EQUIS

Fees

INR 23,00,000

Average Placement Package

INR 16,00,000

Highest Placement Package

INR 55,88,000

IIM Bangalore – Indian Institute of Management

IIMB is located in the southern region of Bangalore, on a lush green 100-acre campus. The institution has a vibrant and engaging campus life. IIMB features an incredible sports centre with soccer, cricket, tennis, basketball, volleyball, table tennis, and badminton facilities, as well as a gymnasium and a swimming pool. Students of IIM Bangalore have the opportunity to participate in a Student Exchange Program with colleges in North America, Europe, Asia, Australia, and South America. Another distinguishing element of the IIMB is its affiliation with the GNAM, which brings together 32 prestigious business schools from various countries. It should be noted that IIMB is the only management school in India to join the GNAM.

Programmes Offered

MBA-PGP, MBA-BA, PGPEM etc.

Accreditations

EQUIS

Fees

₹ 23,00,000

Average Placement Package

₹ 28.98 LPA

Median

Placement Package

₹28.60 LPA

Indian Institute of Management Calcutta

IIM Calcutta is located in Joka, Calcutta. It is the oldest IIM, having been founded in 1961. IIMC was the first IIM to be established in India, and it is one of the three business schools in the country to have triple accreditation. The IIMC campus is remarkable, with sophisticated computing facilities, a management centre, and a finance lab, among other things. A post office, ATMs, a café coffee day outlet, and medical facilities are available on campus. The Old Hostel, White Hostel, and New Hostel are three hostels that provide international-standard facilities for students. The following are some of IIM Calcutta’s most distinguishing characteristics.

Programmes Offered

MBA, MBA-EX, PGPEX-VLM, PGDBA, etc.

Accreditations

EQUIS, AACSB, AMBA,CEMS

Fees

₹ 27,00,000

IIM Kozhikode – Indian Institute of Management

IIM Kozhikode is located in the Kunnamangalam region of Calicut, Kerala’s second-largest city, on 112 acres of land. It was founded in 1996. The institution has 17 hostels to accommodate students from all across the country. The foundation of an Incubation Centre for Excellence, in association with the Government of Kerala, is a notable feature of IIMK, and it is one of the few Centres for the Development of Digital Libraries in India. The Institute has a comprehensive international exchange programme for faculty and students with a number of prominent institutions in ASEAN countries, including Bacconi, Jonkoping, Sweden, Copenhagen Business School, Denmark, University of Queensland, Austria, and Victoria University of Wellington, New Zealand.

Programmes Offered

PGP, PGP Finance, PGP LSM, PGP BL etc.

Accreditations

EQUIS, AMBA

Fees

₹ 20,50,000

Median Placement Package

₹ 20.80 LPA

Highest Placement Package

₹ 58.00 Lakh

Department of Management Studies, IIT Delhi

The Indian Institute of Technology (IIT) in Delhi is one of India’s twenty-three IITs, which were founded to serve as centres of excellence for science, engineering, research, advancement etc. Since its inception, IIT Delhi’s Department of Management Studies has provided comprehensive education to aspiring management applicants. DMS IIT Delhi is a world-class educational institution that has consistently ranked among the top ten business schools in India. In 1993, the Management Department was launched, and in 1997, the Department of Management Studies began offering full-time MBA programmes. A two-year full-time MBA programme in general and Telecommunication Systems Management, as well as a three-year part-time MBA programme, are now offered by the Department.

Programmes Offered

MBA – Full Time, Executive MBA, MDP Program etc.

Fees

₹ 9.60 L

Average Placement Package

₹ 18.5 LPA

Highest Placement Package

₹ 33.8 LPA

IIM Indore – Indian Institute of Management

IIM Indore was founded in 1996 and is considered India’s leading management institution with world-class teaching and research facilities. The 193-acre campus of IIM Indore is well equipped with the most up-to-date teaching aids, extensive learning resources, and a robust IT infrastructure. IIM Indore is one of the most beautiful educational institute campuses in India among all B-Schools, with amazing architecture and other facilities, as it is situated upon a beautiful hillock. A Learning Centre, Computer Lab, Finance Lab, and other facilities are available on campus. Listed below are the highlights of IIM Indore.

Programmes Offered

PGP, EPGP, PGP-HRM, EFPM etc.

Accreditations

EQUIS, AACSB, AMBA

Fees

₹ 10,95,000

Average Placement Package

₹ 23.6 LPA

Highest Placement Package

₹ 56.8 LPA

IIM Lucknow – Indian Institute of Management

The Indian Institute of Management – Lucknow, IIML is located in Lucknow, Uttar Pradesh, India. It is ranked as the fourth Indian Institute of Management in the country, established in 1984. The serene ambience and good culture of the campus will immerse you in an open, intriguing campus life. AMBA and AACSB have both accredited the programmes in IIM Lucknow. There is a medical centre on campus with qualified medical staff on hand 24 x7. There are excellent sports facilities and a gymnasium, swimming pool, squash, and billiards are all available in the recreation centre. For student exchange from countries such as Europe, the United States, Canada, Singapore, and China, the institute has agreements with 24 renowned B-schools and international colleges throughout the world.

Programmes Offered

MBA-PGP, PGP-ABM, PGP-SM etc.

Accreditations

AMBA ,AACSB, EFMD

Fees

₹ 19,00,000

Average Placement Package

₹ 26 LPA

Highest Placement Package

₹ 51 LPA

XLRI Xavier School of Management

XLRI has been ranked as the best private business school in the world. XLRI was founded by Jesuit Fathers and is India’s oldest business school. In 1968, the two-year full-time Business Management programme was established for working professionals, and the institute offers a variety of Corporate Programs and Blended Programs. All XLRI programmes provide students with a holistic approach to business and management abilities in order to meet the needs of the private and public sectors. XLRI’s infrastructure is phenomenal. The Sir Jehangir Ghandy Library contains 69,500 books, 24,400 eBooks, 16,810 back volumes, 14,200 PG and PhD dissertations, and other materials. The campus of XLRI features a 10 gigabit Ethernet network to support the institute’s local area network. Twenty-two classrooms with cutting-edge multimedia presentation capabilities are available. Each lecture space holds 70 people and is arranged in an amphitheatre arrangement. In these classrooms, closed-circuit recording and replay of lecture sessions are also available. High-speed Wi-Fi connectivity services such as printing, photocopying, and scanning are provided. A Behavioural Research Lab with sophisticated hardware that enables HD audio-video conferencing is also available at XLRI. XLRI’s student housing facilities are divided into four blocks, totalling over 400 rooms.

Programmes Offered

PGDM (BM), ExPGDM, Three Year XLRI-Rutgers Double Masters Programme PGDM HRM

Rankings

AACSB AMBA

Fees

₹`20.95 Lakh

Average Placement Package

₹ 30.7 LPA

Highest Placement Package

₹ 60+ LPA

VGSOM, IIT Kharagpur, Indian Institute of Technology, West Bengal

In 1993, the Vinod Gupta School of Management (VGSoM) was established as the IIT system’s first school of management. By integrating insights spanning scholastic fields, the institute provides quality management education that has extended throughout countries. The institute features a variety of facilities, including a central library and a computer lab with modern technology. With recreational centres, high-speed Wi-Fi, and LAN, the lodging facilities are well-maintained. Olympia, a well-functioning sports committee, encourages pupils to participate in athletics and sports in order to provide holistic development. There’s also the Quiz Club, which connects quiz fans and allows them to share their expertise. The marketing and advertising club (MAD) keeps students informed about contemporary branding and marketing trends. There are also a number of food joints, such as Cafe Coffee Day, Subway, and others. A number of international management schools have formed partnerships and collaborated with the institution. Fintrest is a finance club that focuses on increasing students’ financial literacy. The E-Cell, or entrepreneurship cell, aims to provide a forum for students to grow and foster their spirit of entrepreneurship. Srijan, a national b-plan flagship competition, Vichaar, an online case study event, E-Summit, a leadership discussion series, and pink cabs, which allows local female cab drivers to provide commercial car services, are all activities that are organised by the E-Cell. The school also provides need-based scholarships to deserving students.

Programmes Offered

MBA, EMBA, PGDBA, MDP

Fees

₹ 11,61,300

Average Placement Package

₹ 18.44 LPA

Highest Placement Package

₹ 26.5 LPA

Indian Institute of Technology, Bombay

IIT Bombay is a premier institute well known for offering management, engineering, scientific, and technology education. The institute was established in 1958. A distinctive element of the MBA programme at IIT Bombay is that, in addition to traditional courses in Accounting, Finance, Operations, and Human Resources, core courses such as Technology Policy, Managing Technology, and R & D Management educate students for a profession in technology management. Eight terms make up the two-year MBA programme. Students acquire real-world experience through case studies, course projects, and research, which expose them to the latest industry trends and innovations. Students can take part in a one-month winter project at the end of the first two terms, just like at the IIMs summer internship. Buses and local trains connect the IIT-B campus to prominent parts of the city. The majority of amenities, such as banks, a retail centre, and well-equipped hospitals, are located on campus. It’s worth noting that IIT Bombay is classified as a National Institute of importance.

Programmes Offered

MBA, EMBA, MDP

Fees

₹2,26,600

Average Placement Package

₹17.91 LPA

Average Gross Salary

₹13.67 LPA

Important Points to Consider while Choosing the Top MBA College

  • Institute rankings: Various ranking organisations assign rankings to colleges based on a variety of factors. The ranking organisation conducts a thorough and fair examination of institutions and ranks them based on the quality and parameters satisfied. Students will be able to identify the finest management university by looking through these university rankings. Annually, ranking organisations such as NIRF, QS, and the Financial Times update their rankings. Students can look at a complete list of rankings that includes placement ratings, ranks, and value ratings to help them choose the best MBA college/university in India.
  • Research on the faculty of the course: The faculty of the programme and the quality of education provided are strongly integrated together. The majority of top MBA colleges in India have teachers who have years of experience, a successful track record, and a strong teaching background. Students benefit from studying from experts who pass on their knowledge to the next generation of leaders. Distinguished visiting academics from other prestigious institutions also handle subjects in the invited colleges in some cases.
  • Course curriculum: With the emergence of novel industrial trends in an ever-changing business environment, students must ensure that the course content meets current industry standards and expectations. Every university has its own website, where the course curriculum is published. You can get an idea of what is being taught by looking at the curriculum. Students must be able to gauge if the structure of the course and curriculum will well equip them to meet the industry standards and challenges when they step out for employment prospects.
  • Know more about the location: In your hunt for the best institute for MBA, you should learn more about the area, the geographical features of the area, and the accessibility to essential utilities and transportation within a reasonable distance. Make sure to weigh the benefits and drawbacks of each alternative. While doing so, think about your preferences. Attending a management institution in a place of your choice will enrich your college/university experience and encourage you to take advantage of campus life and surroundings to the fullest. Consider institutions in close proximity to industries where you can obtain hands-on experience through internships.
  • Research well on the student accommodation and dorm facilities: Though the academic life at the college/university has a lot to offer, the student’s accommodation and hostel play a significant role in the academic life. Students should verify if the hostel has well-furnished facilities, modern amenities, and mess facilities, as well as if the hostel is kept clean and ventilated.