Top MBA Colleges in India: Rankings, Fees, and Placement Insights

Vaishali Pandey
December 30, 2024

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India has over 80 top MBA colleges, with 46 privately owned, 39 government/public colleges, and 1 public-private institution. These colleges widely accept key entrance exams like CAT, XAT, and CMAT. Prominent names include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, and DMS IIT Delhi. Leading recruiters such as Amazon, Deloitte, Accenture, and Bain & Company offer impressive placement opportunities to MBA graduates.

By the end of this blog, you will know:

1. The top MBA colleges in India, including details on fees, salaries, and admission processes across IIMs, IITs, and private institutions.

2. Placement insights and colleges offering the best ROI, along with affordable MBA options.

3. Online and distance MBA programmes with fee details and flexible learning opportunities.

Key Highlights of Top MBA Programmes in India 2025

To help streamline your decision-making process, here’s a snapshot of essential details about top MBA colleges and their offerings in India. This overview covers the number of colleges, fee structures, popular specialisations, and entrance exams to give you a clear picture of what to expect.

Criteria

Details

Total MBA Colleges

80+

Leading Colleges

Includes IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, among others.

Top Distance Learning

Options include XLRI, IGNOU, SRM Institute of Science and Technology, and more.

Fee Structure

< INR 1 lakh (5 colleges)

INR 1-2 lakh (7 colleges)

INR 2-3 lakh (4 colleges)

INR 3-5 lakh (4 colleges)

> INR 5 lakh (59 colleges)

Popular Specialisations

Sales & Marketing, Finance, HR, IT & Systems, Operations Management, and more.

Entrance Exams

CAT, XAT, CMAT, MAT, and others.

IIMs in India

21

Top MBA Colleges in India: NIRF Rankings

The National Institutional Ranking Framework (NIRF) is the most trusted ranking system in India, evaluating institutions based on parameters like teaching, placements, and infrastructure. 

Here are the top MBA colleges in India ranked consistently in NIRF over the past three years:

Rank 

College Name

NIRF Trend as per 2024

1

IIM Ahmedabad

Consistently ranked 1

2

IIM Bangalore

Stable at Rank 2

3

IIM Kozhikode

Improved from Rank 4 to 3

4

IIM Calcutta

Consistently in the Top 4

5

IIT Delhi

Progressed from Rank 5

6

IIM Lucknow

Improved from Rank 7 to 6

7

IIM Mumbai (NITIE)

Entered the Top 7 from 12

8

IIM Indore

Slight drop, but still Top 8

9

XLRI - Xavier School of Management

Stable performer since 2021

10

IIT Bombay

Maintaining the Top 10 position

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Top-Ranked Indian MBA Colleges in FT Global Rankings

The Financial Times (FT) Global MBA Rankings are a prestigious benchmark for evaluating the excellence and influence of MBA programs worldwide. Here's an overview of the top-ranked Indian MBA colleges in the FT Global Rankings 2024:

Top MBA Colleges In India: Indian Institutes of Management (IIMs)

The IIMs are India's most prestigious B-Schools, consistently dominating rankings for their academic excellence, experienced faculty, and stellar placement records. Here’s a detailed list of the top IIMs with their fees, average salaries, total seats, and CAT cut-off requirements.

College Name

Location

Total Fees (INR)

Average Salary (INR)

Total Seats

CAT Cut-off Percentile

IIM Ahmedabad

Ahmedabad

25 lakh

32 LPA

385

80

IIM Bangalore

Bengaluru

25 lakh

33 LPA

480

85

IIM Calcutta

Kolkata

31 lakh

35.07 LPA

480

85

IIM Lucknow

Lucknow

20.75 lakh

30 LPA

436

90

IIM Kozhikode

Kozhikode

21 lakh

27 LPA

480

85

IIM Indore

Indore

21 lakh

25 LPA

450

90

IIM Shillong

Shillong

16 lakh

23 LPA

180

75

IIM Rohtak

Rohtak

17 lakh

16 LPA

240

95

IIM Ranchi

Ranchi

16 lakh

16 LPA

185

92

IIM Raipur

Raipur

16 lakh

19 LPA

210

92

IIM Trichy

Tiruchirappalli

18 lakh

17 LPA

180

92

IIM Udaipur

Udaipur

17 lakh

20 LPA

260

92

IIM Kashipur

Kashipur

15 lakh

18 LPA

240

92

IIM Visakhapatnam

Visakhapatnam

14 lakh

16 LPA

120

80

IIM Bodh Gaya

Bodh Gaya

13 lakh

14 LPA

120

92

IIM Sambalpur

Sambalpur

13 lakh

12 LPA

120

92

IIM Sirmaur

Sirmaur

13 lakh

14 LPA

120

92

IIM Jammu

Jammu

14 lakh

16 LPA

140

90

IIM Nagpur

Nagpur

16 lakh

17 LPA

130

85

IIM Amritsar

Amritsar

14 lakh

16 LPA

160

85

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Top MBA Colleges In India: Other Government Institutions

Apart from IIMs, some other government institutions offer exceptional MBA programmes with relatively lower tuition fees and impressive placement records. Here’s a list of top MBA colleges in India with fees:

College Name

Location

Total Fees (INR)

Average Salary (INR)

NITIE Mumbai

Mumbai

14.63 lakh

19.55 LPA

FMS Delhi

Delhi

2 lakh

26 LPA

JBIMS Mumbai

Mumbai

6 lakh

23.28 LPA

Department of Management Studies, IIT Dhanbad

Dhanbad

3 lakh

10 LPA

Top Private MBA Colleges in India

Private B-Schools, often regarded as some of the top B-schools in India, offer modern infrastructure, industry-aligned curricula, and high ROI with strong placement records. These institutions are perfect for those seeking flexibility and specialised courses.

College Name

Location

Total Fees (INR)

Average Salary (INR)

XLRI Jamshedpur

Jamshedpur

28.6 lakh

32.7 LPA

SPJIMR Mumbai

Mumbai

21 lakh

33.02 LPA

MDI Gurgaon

Gurgaon

28.16 lakh

25.5 LPA

NMIMS Mumbai

Mumbai

25.84 lakh

26.63 LPA

Symbiosis Institute of Business Management (SIBM)

Pune

26.8 lakh

28.16 LPA

Great Lakes Institute of Management

Chennai

20 lakh

17 LPA

TAPMI

Manipal

16 lakh

11.5 LPA

IMT Ghaziabad

Ghaziabad

19 lakh

15.5 LPA

MICA Ahmedabad

Ahmedabad

21 lakh

20 LPA

Goa Institute of Management

Goa

18 lakh

12 LPA

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Top Integrated MBA Colleges in India for 2025

Integrated MBA programmes are gaining popularity in India as they combine undergraduate and postgraduate studies into a seamless 5-year management course. Below is a curated list of some of the leading institutions offering Integrated MBA programmes, along with their average fees and placement packages:

Institute Name

Total Program Fee (INR)

Average Placement Package (INR LPA)

IIM Indore

35 Lakhs

27.2 LPA

IIM Rohtak

33.9 Lakhs

19.27 LPA

IIM Ranchi

15.48 Lakhs

19.13 LPA

IIM Jammu

20.7 Lakhs

16.5 LPA

Nirma University, Institute of Management

19.65 Lakhs

3.6 LPA

Devi Ahilya Vishwavidyalaya, Indore

2.1 Lakhs

7.3 LPA

Mumbai University

1.69 Lakhs

4 LPA

Kurukshetra University

2.17 Lakhs

3 LPA

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Top BBA+MBA integrated Colleges in India

Below is an updated list of institutions offering integrated BBA+MBA programmes, including course fees:

College Name

Programme Offered

Program Fee (Approx. in INR)

Nirma University, Ahmedabad

Integrated MBA

19.65 Lakhs

NMIMS, Mumbai

BBA + MBA

44.50 Lakhs

Symbiosis Pune

Integrated MBA

20 Lakhs

Christ University, Bengaluru

BBA + MBA

15 Lakhs

Jindal Global Business School

BBA + MBA

17.5 Lakhs

Top 10 MBA Colleges in India: Tier 1 Institutions

Tier 1 MBA colleges in India are known for their exceptional faculty, infrastructure, and outstanding placement opportunities. Below is a curated list of Tier 1 MBA colleges in India, which are among the top 10 MBA colleges in India with fee structure, along with admission criteria:

College Name

Total Fees

IIM Ahmedabad

INR 25 Lakhs

IIM Bangalore

INR 24.50 Lakhs

IIM Calcutta

INR 27 Lakhs

IIT Delhi

INR 13.24 Lakhs

IIM Kozhikode

INR 20.50 Lakhs

IIM Indore

INR 21.17 Lakhs

XLRI - Xavier School of Management

INR 24.20 Lakhs

IIM Mumbai (NITIE)

INR 21 Lakhs

IIT Kharagpur (VGSoM)

INR 11.76 Lakhs

IIM Ranchi

INR 17.2 Lakhs

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Top MBA Colleges in India Offering Admissions Through Management Quota

Here’s an overview of notable colleges with management quota admissions and their fee structures:

College Name

Programs Offered

Course Fees (Approx.)

ISBR Business School

MBA, Executive MBA

INR 8.5 Lakhs

Presidency University

PGDM

INR 6 Lakhs

Acharya Bangalore B-School

MBA, PGDM

INR 5 Lakhs

Alliance University

MBA, Executive MBA

INR 12 Lakhs

Amrita School of Business

MBA

INR 9 Lakhs

Leading MBA Colleges in India Accepting CAT Scores

Many of the top-ranking institutes consider CAT scores as a primary criterion for shortlisting candidates. Below is an updated list of premier MBA colleges in India, their tuition fees, and their alignment with CAT-based admissions:

College Name

Total Tuition Fee

CAT Cutoff

IIM Ahmedabad

INR 25 lakh

99

IIM Bangalore

INR 25 lakh

99

IIM Kozhikode

INR 21 lakh

97

Department of Management Studies (IIT Delhi)

INR 11 lakh

98

IIM Lucknow

INR 13 lakh

90

Top MBA Colleges in India with Low Fees

Several prestigious institutions in India offer high-quality MBA programmes at a lower cost while maintaining excellent placement records. Here's a list of such affordable MBA colleges in India, along with their fees and average salaries:

College Name

Total Tuition Fee

Average Salary

Faculty of Management Studies (FMS), Delhi

INR 2,00,000

INR 34 LPA

Delhi School of Economics

INR 97,740

INR 13.5 LPA

Department of Financial Studies (DFS), Delhi

INR 99,000

INR 17 LPA

Department of Business Economics

INR 99,000

INR 13.5 LPA

University Business School (UBS), Chandigarh

INR 47,890

INR 13.5 LPA

TATA Institute of Social Sciences (TISS)

INR 1,85,000

INR 27 LPA

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Top MBA Colleges Without Entrance Exams in India

Several colleges in India offer MBA admissions without requiring candidates to clear national-level entrance exams. Here’s a quick list with revised details:

College Name

Location

Approx. Fees

Jawaharlal Nehru Technological University

Hyderabad

₹46,000 – ₹2.4 Lakhs

Sikkim Manipal University

Delhi

₹5.5 Lakhs – ₹15.6 Lakhs

Jaipuria Institute of Management

Noida

₹1.4 Lakhs – ₹14.8 Lakhs

Apeejay School of Management

New Delhi

₹8.5 Lakhs

GD Goenka University

Gurugram

₹7 Lakhs – ₹8 Lakhs

Andhra Loyola College

Vijayawada

₹70,000

Top Online MBA Colleges in India

Here’s a comprehensive list of both Online MBA colleges in India with details on fees, seat availability, and key highlights.

College Name

Mode

Total Fees (INR)

Amity Online University

Online MBA

INR 1,79,000

Manipal Online University

Online MBA

INR 1,75,000

Lovely Professional University

Online MBA

INR 1,72,000

Chandigarh University

Online MBA

INR 2,00,000

Jain University

Online MBA

INR 1,60,000

DY Patil University

Online MBA

INR 2,00,000

Amrita University

Online MBA

INR 1,70,000

UPES University

Online MBA

INR 1,50,000

Uttaranchal University

Online MBA

INR 1,70,000

IGNOU

Online/Distance MBA

INR 62,000

Top Distance MBA Colleges in India

Here’s a comprehensive list of both Online MBA colleges in India with details on fees, seat availability, and key highlights.

XLRI Xavier School of Management

Distance MBA

INR 14,00,000

SRM Institute of Science and Technology

Distance MBA

INR 60,000

National Institute of Agricultural Extension Management

Distance MBA

INR 15,000

Neville Wadia Institute of Management Studies and Research

Distance MBA

INR 4,00,000

Indian Institute of Finance

Distance MBA

INR 2,00,000

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Top MBA Colleges Across Major Indian Cities

Here's a city-wise overview of some of the top MBA colleges in India, including key details like rankings, tuition fees, and entrance exams. Please note that the information is curated from verified sources and is meant to provide clarity to aspirants.

Renowned MBA Colleges in Delhi NCR

Delhi NCR is home to several prestigious MBA colleges offering exceptional education and placements. Here's a snapshot of some top-ranked colleges in the region:

College Name

NIRF Ranking (2024)

Total Tuition Fee/Exam

MDI Gurgaon

11

Fee: INR 25 lakh

IIM Rohtak

12

Fee: INR 9 lakh

Jamia Millia Islamia (JMI)

25

Fee: INR 47,000

Amity University Noida

29

Fee: INR 5 lakh

Renowned MBA Colleges in Mumbai

Mumbai, the financial hub of India, is renowned for housing premier management institutions that blend rigorous academics with industry exposure.

College Name

NIRF Ranking (2024)

Total Tuition Fee/Exam

SP Jain Institute of Management and Research

20

Fee: INR 20 lakh

NMIMS School of Business Management

21

Fee: INR 12 lakh

Welingkar Institute of Management

84

Fee: INR 14 lakh

Renowned MBA Colleges in Bangalore

Bangalore's MBA colleges are known for their robust industry connections and placement opportunities in the IT and startup ecosystem.

College Name

NIRF Ranking (2024)

Total Tuition Fee/Exam

IIM Bangalore

2

Fee: INR 25 lakh

Christ University

60

Fee: INR 9 lakh

Alliance School of Business

71

Fee: INR 15 lakh

Renowned MBA Colleges in Pune

Pune, a city synonymous with education, offers excellent MBA programs focusing on diverse domains.

College Name

NIRF Ranking (2024)

Total Tuition Fee/Exam

SIBM Pune

13

Fee: INR 22 lakh

National Insurance Academy

101-125

Fee: INR 9 lakh

Pune Institute of Business Management

101-125

Fee: INR 8 lakh

Top MBA Colleges in India Based on Placements

Placement opportunities offered by the top MBA colleges in India are a major attraction for students, ensuring a high Return on Investment (ROI). Prestigious institutions like IIMs and other top B Schools in India have dedicated placement cells, helping students secure competitive salary packages. Below is an updated list of top MBA colleges in India placement wise:

College Name

2021 (LPA)

2022 (LPA)

2023 (LPA)

IIM Bangalore

INR 28.98 LPA

INR 33.2 LPA

INR 35.31 LPA

IIM Calcutta

INR 29.00 LPA

INR 34.20 LPA

INR 35.07 LPA

IIM Ahmedabad

INR 27.54 LPA

INR 32.80 LPA

INR 34.36 LPA

ISB Hyderabad

INR 28.21 LPA

INR 34.00 LPA

INR 34.21 LPA

FMS Delhi

INR 26.20 LPA

INR 32.40 LPA

INR 34.10 LPA

Masters’ Union Gurugram

INR 29.12 LPA

INR 33.1 LPA

INR 34.07 LPA

SPJIMR Mumbai

INR 26.06 LPA

INR 32.05 LPA

INR 33.02 LPA

XLRI Jamshedpur

INR 25.80 LPA

INR 30.07 LPA

INR 32.70 LPA

Top MBA Colleges in India: Highest Salary Offers and Recruiters

The salary packages offered by top MBA colleges in India are one of the major deciding factors for students. Below is a revised table showcasing the highest salaries offered and the recruiters that frequent these institutions.

College Names

Highest Salary Package

Key Recruiters

SIIB Pune

INR 25 LPA

Godrej, Axis Bank, Asian Paints, and more.

IIM Ahmedabad

INR 32 LPA

BCG, TCS, Axis Bank, L&T, and more.

IIM Bangalore

INR 32 LPA

Accenture, Amazon, Microsoft, Paytm, etc.

IIM Mumbai

INR 28 LPA

ICICI Bank, Wipro, RB, and others.

IIM Kozhikode

INR 27 LPA

Microsoft, Deloitte, Capgemini, Amazon.

MBA Colleges in India: Fee Structure vs Placement Packages

Return on Investment (ROI) gives a clear picture of how much value a college offers in relation to its fee structure. Here's an updated comparison of top MBA colleges based on their tuition fees and the annual average packages they offer.

College Name

Total Tuition Fee (INR)

Annual Average Package (INR)

Symbiosis Institute of Business Management (SIBM)

12 lakh - 18 lakh

12 LPA - 14 LPA

Faculty of Management Studies (FMS)

2 lakh

30 LPA

Indian Institute of Foreign Trade (IIFT)

21 lakh

27 LPA

Narsee Monjee Institute of Management Studies (NMIMS)

17 lakh

20 LPA

Goa Institute of Management (GIM)

16 lakh

11 LPA

Great Lakes Institute of Management

15 lakh

14 LPA

Key Criteria for MBA Admissions in India

Admissions to India's top MBA colleges are competitive, requiring aspirants to fulfil specific academic and exam-related criteria. While each college may have unique requirements, the general eligibility and admission process are as follows:

1. Educational Qualification

Applicants must hold a bachelor’s degree from a recognised institution.

2. Minimum Marks 

A minimum of 50% aggregate marks (or equivalent CGPA) is required for general candidates, while 45% is acceptable for reserved categories.

3. Entrance Exams

Candidates need valid scores from exams like CAT, XAT, CMAT, MAT, or other equivalent tests accepted by individual colleges.

Top Entrance Exams for MBA Admissions in India

Below is an overview of the entrance exams required:

Exam Name

Accepted By

Conducted By

CAT

IIMs, IITs, FMS Delhi, MDI Gurgaon, SPJIMR

Indian Institutes of Management

GMAT

ISB, SPJIMR, XLRI, IMT, International MBA

GMAC

XAT

XLRI Jamshedpur, XIMB, IMT Ghaziabad

XLRI

SNAP

Symbiosis Institutes (SIBM, SCMHRD)

Symbiosis International University

NMAT

NMIMS Mumbai, Alliance University

GMAC

MAT

Tier 2/3 Colleges like Jaipuria, Amity

AIMA

CMAT

IMT Nagpur, KJ Somaiya, PUMBA

NTA

Upcoming MBA Entrance Exams

Below is an overview of some of the key MBA entrance exams scheduled for the upcoming cycle.

Exam Name

Tentative Dates

Details

MAH CET 2025 Exam

March 2025

Widely accepted in Maharashtra MBA institutes.

CMAT 2025 Exam

January 25, 2025

Conducted by NTA for MBA/PGDM programs.

XAT 2025 Exam

January 5, 2025

Known for its unique decision-making section.

Choosing the right MBA college is a crucial step toward shaping your future. With the comprehensive insights provided above, you now have a clear understanding of top-ranked colleges, fees, placements, and the ROI they offer. Don’t let indecision delay your career growth. Start your journey toward success by selecting a program that aligns with your aspirations.

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FAQs on Top MBA Colleges in India

What are the top entrance exams for top MBA colleges in India?

The most popular MBA entrance exams include CAT, GMAT, XAT, SNAP, NMAT, MAT, and CMAT.

What is the average fee structure for Tier-1 MBA colleges in India?

The fees for Tier-1 MBA colleges range from INR 10 Lakhs to INR 30 Lakhs, depending on the institution.

Which top MBA colleges in India are leading government institutions with excellent academics and placements?

Top government MBA colleges include IIM Ahmedabad, IIM Bangalore, FMS Delhi, IIT Bombay, and NITIE Mumbai.

What is the CAT cut-off for admission to IIMs?

The CAT cut-off for most IIMs ranges from 85 to 95 percentile, depending on the institute and candidate category.

Which MBA colleges offer the best placement packages?

Colleges like IIM Calcutta, IIM Bangalore, XLRI Jamshedpur, and ISB Hyderabad consistently offer 30+ LPA average placement packages.

Are there affordable MBA programmes with good ROI in India?

Yes, colleges like FMS Delhi (INR 2 Lakhs fees, 34 LPA average salary) and TISS Mumbai (INR 1.85 Lakhs fees, 27 LPA average salary) offer high ROI.

What is the selection process for MBA programmes?

The selection process typically includes entrance exams (CAT, GMAT, etc.), WAT/Essay writing, Group Discussions (GD), and Personal Interviews (PI).

How do I choose the right MBA college for me?

Consider factors like rankings, ROI, fees, specialisations offered, and alignment with your career goals.

Are there any distance or online MBA programmes worth pursuing?

Yes, reputed institutions like IGNOU, Amity Online University, XLRI, and Jain University offer excellent online/distance MBA programmes.

Do private MBA colleges offer good placement opportunities?

Top private B-schools like XLRI, SPJIMR Mumbai, and MDI Gurgaon have strong industry tie-ups and placement records.

What are the career opportunities after completing an MBA?

MBA graduates can pursue roles like Consultant, Business Analyst, Marketing Manager, Product Manager, Investment Banker, and more.

Can I pursue an MBA without entrance exams?

Some institutes offer admission through management quota or on the basis of work experience and academic profiles.

Which MBA colleges have the highest NIRF rankings?

Institutes like IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, and IIT Delhi consistently rank among the top in NIRF rankings.

Are there MBA programmes for working professionals?

Yes, programmes like Executive MBA and distance MBA from colleges like ISB Hyderabad, XLRI, and IIMs cater to working professionals.

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