Top 10 MBA Colleges in India with Fees, Ranking, Cut Off 2023

If you are planning to go for an MBA program. In India, There are a lot of MBA colleges in India to offer an excellent track record, high-quality education, and opportunities to join some of the best corporations. To help you make an informed decision for your career, in this article, we have mentioned the top 10 MBA Colleges in India with their admission process, flagship program, tuition fees, entrance exam, NIRF ranking, and average salary post-MBA. The best MBA college in India offers Regular MBA, Online as well as Distance MBA. In India, there are 4736 top MBA colleges amongst which 710 are government and 3969 are the best private MBA colleges in India along with IIMs.

About MBA Course

MBA or Master of Business Administration is one of the most popular post-graduate courses in India and abroad. The most popular MBA entrance exams are CAT, GMAT, and XAT among others. MBA admission is based on MBA entrance exams followed by a personality assessment test round (Group Discussion or GD, Written Ability Test or WAT, and Personal Interview or PI).

Eligibility Criteria

• Candidates must have passed a bachelor’s degree in any stream with a minimum three-year duration.
• students are required to have more than 50 per cent of their undergraduate degree from any stream. For Reserved category students, students get 5% relaxation.
• Aspirants must have crack tests such as Common Admission Test (CAT) and other management tests.
• Shortlisted candidates have to clear Group Discussions or Personal interview rounds.

Specializations in the MBA program

• Finance
• Human Resource
• Marketing
• Information Business
• Digital Marketing
• Logistics & Supply Chain Management
• International Business
• Business Analytics
• Retail management
• Agri-Business Management
• Banking and Insurance
• Hospitality management
• Branding & Advertisement
• Event Management and PR

Top 10 MBA Colleges in India

this article will absolutely assist you in choosing the Best MBA Colleges in India among all. In this article, we have mentioned The top 10 MBA colleges in India with their admission process, flagship program, tuition fees, entrance exam, NIRF ranking, and average salary post-MBA. So scroll down to Check out the top 10 MBA colleges in India with fees:

Top 10 MBA Colleges in Pune

IIM Bangalore – Best MBA College in India

Established in 1973, the Indian Institute of Management Bangalore (IIM Bangalore) is one of the Top MBA colleges in India. and it is IIM in India established after IIM Ahmedabad and IIM Calcutta. IIM Bangalore offers a range of MBA programs, Executive Management Education, and Doctoral programs in management and is offered courses in three modes – one year full-time, two years full-time, and two-year executive (weekend). IIM Bangalore is ranked as the 2nd Best B-School by NIRF 2022 in India and the 50th best B-school globally by QS. Hence, it makes placed in the Top 10 MBA College in India.

Students must have a clear CAT entrance to take admission to IIM Bangalore. Admission is done in 2 phases. Phase 1 comprises of WAT/PI shortlist and in Phase 2 the final admission list is declared after personal Interviews.

IIM Ahmedabad – Top MBA College in India

The Indian Institute of Management Ahmedabad (IIMA) is a premier MBA College in India, established in 1961. IIM Ahmedabad is ranked 1st in NIRF Ranking 2022 in the management category. IIM Ahmedabad offers master’s degree programs including MBA-PGPX for experienced professionals, MBA-FABM for food and agriculture business management, and ePGD in Advanced Business Analytics. The IIM Ahmedabad campus is situated across 102 acres in Vastrapur, Ahmedabad. In 2008, IIMA became has been awarded EQUIS accreditation. Therefore, it become the Top-ranked MBA College in India.

IIM Ahmedabad offers admission to the Master of Business Administration (MBA) course based on CAT score. Further, shortlisted candidates need to appear for Analytical Writing Test (AWT) & Personal Interview (PI) conducted by the college. The final selection is done separately for each category.

Also, Read Here

• Top 10 MBA Colleges in Delhi NCR 
• Top 10 MBA Colleges in Bangalore
• Top 10 MBA Colleges in Hyderabad 
• Top 10 MBA Colleges in Chennai

IIM Calcutta – Best college for MBA in India

The Indian Institute of Management Calcutta, also known as IIMC, was founded by the Government of India in November 1961. and it was the first Indian Institute of Management established in India. This B-school emerged as one of the best MBA Collge in India to impart high-quality management education. IIM Calcutta offers various post-graduate management programs such as Post Graduate Programme for Executives, PGPEX-VLM, PhD, and PGDBA.

IIM Calcutta offers admission in two stages – the first stage is the preliminary screening where the weightage is divided between CAT exam score, academic record, and other factors. The second stage is the Personal Interview (PI) and Academic Writing Test (AWT) conducted by the college itself.

Department of Management Studies, IIT Delhi – MBA College in India

Department of Management Studies, also known as DMS IIT Delhi is one of the top management colleges in India. It is an AACSB (The Association to Advance Collegiate Schools of Business) certified B-School. DMS IIT Delhi offers a flagship Two Year Full-Time MBA program with Two streams which are an M.B.A. in Management and an M.B.A. in Telecom. Along with DMS IIT Delhi also offer the Executive MBA course. For admission to the Executive MBA program, The college mandates 3 years of work experience. Other than MBA programs, DMS IIT Delhi offers PhD and MDP programs. It is regarded as one of the best colleges for MBA in India.

To take Admission to DMS IIT Delhi MBA programs, the Candidate must clear the CAT entrance exam with a 98-99 percentile. The minimum cutoff for MBA and MBA Telecom Program at DMS IIT Delhi is 90 percentile. Further, IIT Delhi conducts Personal Interviews of all the eligible candidates.

Highlights:

• The institute campus is spread over 320 acres which contains a college canteen, hostels, furnish classrooms, sports grounds, etc.
• MBA Admission cut-off reaches as high as the 99 percentile.

IIM Kozhikode – Best MBA College in India

IIM Kozhikode – Indian Institute of Management, Kozhikode is one of the best MBA colleges in India, established in 1996 by the Government of India. IIM Kozhikode was ranked 5th by NIRF 2022 in Management Category. This Institute offers courses including PGP, PGP-BL, PGP-Finance, EPGP, and PhD. The two-year executive management education program(EPGP) offered by this Indian Institute of Management Kozhikode is considered one of the nation’s most rigorous programs. Admission to the PGP program is based on valid CAT Scores followed by a Personal Interview.

Programs Offered

The following management programs are offered by IIM Kozhikode:

• 2 years full-time Post-Graduate Program in Management (PGP)
• 2 years full-time Post-Graduate Program in Finance (PGP-Finance)
• 2 years full-time Post-Graduate Program in Liberal Studies & Management (PGP-LSM)
• 1-year full-time Post-Graduate Program in Business Leadership (PGP-BL)
• Doctoral Program in Management (Ph.D.)

IIM Lucknow – Best Business school in India

IIM Lucknow is the 4th in the prestigious IIM Management schools in India, Established in 1984 by the Government of India. The institution offers post-graduate diplomas, fellowships, and executive programs in management. The most popular IIM Lucknow courses are MBA and PGP-ABM. The institution also offers PhD programs. Admission to the management program at IIM Lucknow is based on CAT Scores followed by Writing Ability Test (WAT) and Personal Interview (PI).

Highlights

• IIM Lucknow recorded the Highest CTC at INR 58 LPA and Average CTC at INR 31.03 LPA.
• Number of students studying more than 1000 at IIM Lucknow.
• The top recruiters of the IIM Lucknow placements are Microsoft, Myntra, Winzo Games, Vodafone-ideas, etc.
• It become the First IIM in India that started its satellite campus at NOIDA in Delhi NCR in 2005

XLRI Jamshedpur – Top MBA College in India

XLRI or Xavier School of Management Jamshedpur is top ranked Private Management College in India. Apart from its Jamshedpur campus, XLRI also has a campus in Delhi NCR Region. XLRI Jamshedpur offers PGDBM, PGDHRM programs, and Executive PGDM programs. Further, XLRI Jamshedpur also offers an FPM/Ph.D. program in Management and Executive FPM program.

XLRI offered admission to PGDBM and PGDHRM programs based on the XAT Score. XAT exam is conducted every year in the month of January. Candidates must qualify for the XAT Cutoff for XLRI, further, the candidate will be called for a Personal Interview. After that, a final shortlist is published on the basis of the composite XAT Score, Personal Interview, and Academic Profile of the candidate.

Course Offered:

• XLRI Jamshedpur offers PGDBM and PGDHRM programs on a total of 360 seats. The fee for PGDM/ MBA is INR 12.90 Lakhs per annum.
• XLRI School of Business also offers 15 month Executive PGDM program with 120 seats. The fee for the ExPGDM program is INR 21.0 Lakhs.

Highlights:

• The top recruiter of the institute is Swiggy, American Express, and FreshWorks.
• XLRI Jamshedpur recorded the Highest CTC at INR 60+ LPA and Average CTC at INR 26 LPA.
• This MBA College in India achieved a 100% placement record in the management field.
• XLRI Jamshedpur is AACSB and AMBA Accreditated B-school.

ISB Hyderabad – MBA College in India

Indian School of Business Hyderabad is the best Private MBA College in India, Established in 2001. Along with Hyderabad, It has also campuses in Mohali (Punjab). ISB Hyderabad offers courses are postgraduate programs in management and business including PGPpro, PGPMAX, PGP MFAB, AMPs, and Online & Doctoral Programs. ISB Hyderabad offers Admission to the program based on a valid GMAT / GRE score.

Highlights:

• ISB Hyderabad was ranked 1st in India & 44th Globally by Financial Times Executive Education Rankings 2022.
• ISB Hyderabad recorded the Highest CTC at INR 60 LPA & Average CTC at INR 34.08 LPA.
• The campus is spread across 260 acres.
• There are 4 hostels at ISB Hyderabad.
• The tuition fee gets refunded if the candidate withdraws his admission within a period of time.

SPJIMR Mumbai – Best Business school in India

S.P. Jain Institute of Management and Research (SPJIMR, Mumbai) is a private MBA college in India, established in 1981 under the aegis of Bharatiya Vidya Bhavan, and has been ranked 21st by the NIRF 2022 ranking. SPJIMR Mumbai offers postgraduate and doctorate-level courses in the management field, including MBA, PGDM, PhD, etc.

For admission to SPJIMR, Mumbai program, Firstly, candidates have to appear for entrance tests like CAT/GMAT. After Shortlisted candidates have to appear for Executive Assessment (EA)/reasoning test, group discussion, and personal interview. The final selection of the candidates is done based on composite scores.

SPJIMR, Mumbai Course Fees

Highlights:

• The SPJIMR Campus is spread over an expanse of 45 acres in Mumbai city.
• The average salary package stood at INR 32.06 LPA for the PGDM students & INR 23.6 LPA for the PGPM students.
• Students can also enrol for various scholarships offered at the institute.
• SPJIMR was awarded the prestigious Innovative Practices Awards 2018 by the United Nations Global Compact Network India.

IIM Indore – Top MBA College in India

IIM Indore is the sixth institute in the family of Indian Institutes of Management (IIM), Established in 1996. Since its inception, IIM Indore has emerged as a leader in the field of management education and consider the best MBA College in India. IIM Indore offers courses PGP in Human Resource Management PGP-HRM and Executive MBA. In addition, IIM Indore launched a five-year-long Integrated Program in Management (IPM) in 2011. Under this course, students can join the IIM Indore 5-year course after completing class 12.

Further, Admission to the IPM program is based on the IPMAT score, conducted by IIM Indore. and for the MBA program, CAT is the mandatory entrance exam for admission to IIM Indore. After shortlisting candidates have to appear in WAT and PI rounds.

Highlights:

• IIM Indore’s most famous program is the two-year MBA program.
• IIMI set up a satellite campus in Mumbai offering courses like PGPM for working Executives (PGPMX).
• IIM Indore is AACSB, EQUIS and AMBA Accredited

Other Notable MBA Colleges in India

FAQs

Q. Which college is best for MBA in India?

• IIM Bangalore
• IIM Ahmedabad
• IIM Calcutta
• Department of Management Studies
• IIM Kozhikode
• IIM Lucknow
• XLRI Jamshedpur
• ISB Hyderabad
• SPJIMR, Mumbai
• IIM Indore

Q. How to take admission to Top MBA colleges in India?

Candidate must have taken the CAT, XAT, NMAT, or another entrance admission test to pursue a management education PGDM/MBA program at top MBA colleges in India.

Q. Which MBA colleges in India is offers the Highest package?

Currently, IIM Ahmedabad offers the highest package in India followed by IIM Bangalore and IIM Calcutta.