Top MBA Colleges in India: Rank, Admission, Fees, Placement

MBA is the one of the most sought-after career choices due to hefty packages, increasing demand of PPOs, and many more factors. Find out the list of best MBA colleges in India, Delhi/NCR & Mumbai region.

By Mohit ChauhanPublished : July 13, 2020 , 16:10 IST
Top MBA Colleges in India: Rank, Admission, Fees, Placement

Graduates begin their hunt for top MBA colleges in India based on course fee, the reputation of the institute, education facilities, placement record, and average package offered. An MBA program is the most-sought after course for students who wish to build their career in management, finance, operations or banking. 

Getting admission in top B-schools of India is no difficult task if you prepare for qualifying entrance exams such as CAT, GMAT, XAT, etc. with sheer determination. Common Admission Test (CAT) is a national-level exam conducted by IIMs which assess aspirants’ aptitude skills, logical reasoning skills, and English proficiency. Similarly, GMAT is conducted for MBA aspirants who live outside India. 

In this article, you can explore the list of top management colleges in India based on various parameters such as rank, accreditation, classroom facilities, placement record, etc. Besides, you can also check the list of best B-schools in Delhi NCR and Mumbai. 

Top MBA Colleges in India | NIRF Rankings 2019

The tabular data shown below indicates the names of best MBA colleges along with their NIRF rankings and total course fee. 

Name of MBA College

NIRF Ranking

Total Course Fee

IIM Ahmedabad

1

₹ 23 Lakh

IIM Bangalore

2

₹ 18.70 Lakh

IIM Calcutta

3

₹ 20 Lakh

XLRI Xavier School of Management

4

₹ 23.60 Lakh

IIM Lucknow 

5

₹ 11.76 Lakh

IIM Indore

6

₹ 16 Lakh

IIM Kozhikode

7

₹ 17.5 Lakh

MDI Gurgaon (Management Development Institute)

8

₹ 18.5 Lakh

SPJIMR (SP Jain Institute of Management and Research)

9

₹ 17.50 Lakh

Indian School of Business, Hyderabad

10

₹ 31.35 Lakh

The five parameters that are taken into consideration while choosing the best MBA colleges are as follows:

  • Teaching, learning, and resources
  • Research, professional practices, and collaborative performance
  • Outreach and inclusivity
  • Perception
  • Graduation income

Top MBA Colleges in India | Economic Times 2019

According to the Economic Times, the list of best management colleges in India are as follows. 

Name of MBA College

Economics Times Ranking

Total Course Fee

IIM Ahmedabad

1

₹ 23 Lakh

XLRI Xavier School of Management

2

₹ 23.60 Lakh

IIM Bangalore

3

₹ 18.70 Lakh

SIBM Pune
(Symbiosis Institute of Business Management)

4

₹ 17.26 Lakh

IIM Calcutta

5

₹ 20 Lakh

NMIMS School of Business Management, Mumbai

6

₹ 19.76 Lakh

IMT Ghaziabad
(Institute of Management Technology)

7

₹ 17.55 Lakh

IIM Lucknow 

8

₹ 11.76 Lakh

MDI Gurgaon (Management Development Institute)

9

₹ 18.5 Lakh

JBIMS
(Jamnalal Bajaj Institute of Management Studies)

10

₹ 3 Lakh

Top MBA Colleges in India | BW Business World 2019

The BW’s methodologies used for ranking the best B-schools of India were average salary after graduation and course fee. 

Name of MBA College

BW Business World Ranking

Total Course Fee

IIM Bangalore

1

₹ 18.70 Lakh

IIM Ahmedabad

1

₹ 23 Lakh

IIM Calcutta

2

₹ 20 Lakh

IIM Lucknow 

3

₹ 11.76 Lakh

XLRI Xavier School of Management

4

₹ 23.60 Lakh

MDI Gurgaon (Management Development Institute)

5

₹ 18.48 Lakh

SPJIMR (SP Jain Institute of Management and Research)

6

₹ 17.50 Lakh

FMS (Faculty of Management Studies), Delhi University

7

₹ 20,960

IIM Indore

9

₹ 16 Lakh

IIM Kozhikode

10

₹ 17.5 Lakh

Top MBA Colleges in India | Business Today 2019

Considering the return on investment (ROI), Business Today adjudged these 10 institutes as the best MBA institutes in India. 

Name of MBA College

Business Today Ranking

Total Course Fee

IIM Ahmedabad

1

₹ 23 Lakh

IIM Calcutta

2

₹ 20 Lakh

XLRI Xavier School of Management

3

₹ 23.60 Lakh

SPJIMR (SP Jain Institute of Management and Research)

4

₹ 17.50 Lakh

IIM Indore

5

₹ 16 Lakh

MDI Gurgaon
(Management Development Institute)

6

₹ 18.5 Lakh

IIM Kozhikode

7

₹ 17.5 Lakh

FMS (Faculty of Management Studies, Delhi University)

8

₹ 20,960

NMIMS School of Business Management, Mumbai

9

₹ 19.76 Lakh

IIFT Delhi (Indian Institute of Foreign Trade)

10

₹ 16.25 Lakh

Top Private MBA Colleges in India 

If you did not appear for any qualifying exam or fell short of qualifying marks, you can also take admission through management quota in any private MBA institute given below. However, you must satisfy the selection criteria specified by the concerned MBA college. 

Name of MBA College

Total Course Fee

Average Placement Package

XLRI Jamshedpur

₹ 8.52 Lakh

₹ 22.35 Lakh

SIBM Pune

₹ 11.8 Lakh

₹ 17.48 Lakh

SPJIMR (SP Jain Institute of Management and Research)

₹ 17.50 Lakh

₹ 22.9 Lakh

MDI Gurgaon
(Management Development Institute)

₹ 18.5 Lakh

₹ 20.13 Lakh

Lovely Professional University (LPU)

₹ 5.8 Lakh

₹ 6 Lakh

IMT Ghaziabad

₹ 20.7 Lakh

₹ 12.5 Lakh

SIBM Bangalore

₹ 16.4 Lakh

₹ 9.79 Lakh

ISB Hyderabad

₹ 34.63 Lakh

₹ 25.06 Lakh

Great Lakes Chennai

₹ 16 Lakh

₹ 11 Lakh

Top MBA Colleges in India | Region-Wise

Considering the return on investment (ROI) i.e. course fee spent against the package acquired, we prepared the names of top MBA colleges in Mumbai and Delhi NCR. 

Top MBA Colleges in Delhi NCR

Below you can check the name of the qualifying exams, the average package offered, and the list of organizations that visit the campuses of best B-schools in Delhi NCR. 

1. MDI Gurgaon (Management Development Institute)

MDI is the finest institute for MBA aspirants who are looking for admission in Delhi NCR. In 2006, this Gurgaon-based institute became the first Indian B-school to be accredited by the Association of MBAs (AMBA). It also earned recognition for its world-class education program from the South Asian Quality Standard (SAQS) in 2005. 

From the placement perspective, you can land a job with a lucrative package, especially if you have maintained a healthy percentile throughout the course. In the last few years, MDI has successfully maintained its track record of 100% placement. 

2. DMS IIT Delhi (Department of Management Studies)

Studying MBA at the Department of Management Studies IIT Delhi is no less than a dream for management aspirants. To get admission in DMS, you need to crack CAT or GMAT (in the case of international students). After you clear the MBA programme, you shall be liable to receive a job offer of package ranging between Rs 18.47 to Rs 32 Lakh per annum. 

3. IMI Delhi (International Management Institute)

Established in 1981, International Management Institute features third on the list of best B-schools in Delhi NCR. Selection for admission into an MBA program will be based on your score in the qualifying exam, i.e. CAT or GMAT. The list of recruiters of IMI Delhi includes the likes of Accenture, Amazon, Deloitte, Infosys, HCL, Capgemini, Genpact, Nestle, Wipro, and many more. 

4. FMS (Faculty of Management Studies), Delhi University

Established in 1954, FMS Delhi accepts CAT score for granting admission in MBA programs. During the placement drive, numerous top-notch companies visit the campus, including Accenture, Airtel, Amazon, American Express, BMW, Deloitte, Flipkart, Capgemini, Google, and Paytm among others. 

Top MBA Colleges in Mumbai

The list of best B-schools in Mumbai has been prepared based on the previous year’s placement record, education facilities, and the average package offered. Check out the list here. 

1. SPJIMR (SP Jain Institute of Management and Research)

SPJIMR tops the list of best MBA colleges in Mumbai due to its excellent placement record and scholarship programs. CAT, XAT, and GMAT (for international aspirants) are qualifying exams to get admission into MBA courses. Other key parameters to select candidates include academic background, achievements, work experience, and overall profile. The average package offered to students by top recruiters at SPJIMR is Rs 22 Lakh per annum.  

2. NMIMS School of Business Management, Mumbai

NMIMS School of Business Management is a multi-disciplinary institute offering programs in finance, marketing, and IT, apart from management courses. Aspirants who crack NMAT with a minimum qualifying score will be eligible to take admission into an MBA program. The list of participating companies for campus recruitment includes Bank of America, Barclays, Deloitte, Vedanta, and several others. 

3. JBIMS (Jamnalal Bajaj Institute of Management Studies)

Jamnalal Bajaj Institute of Management Studies (JBIMS) is named after Jamnalal Bajaj, who was a renowned industrialist and philanthropist. The probability of getting admission at JBIMS is comparatively higher as there are numerous qualifying exams for it. These include CAT, CMAT, ATMA, GMAT, XAT, and MAT. Apart from the MBA program, it also offers a full-time program in Finance and part-time programs in finance, marketing, human resource development, and information management. 

4. TISS (Tata Institute of Social Sciences, Mumbai) 

Established in 1936, the institute conducts its own entrance examination TISSNET to select deserving students for admission into MBA program. The average package received at TISS in the last 5 years is Rs 20 Lakh per annum. 

If you wish to study in one of the coveted management colleges of India mentioned above, you need to prepare smart and stay consistent. It is wholly at your discretion to put up your best performance in the qualifying exam and make yourself eligible to take admission in such reputed institutes.

Frequently Asked Questions

  • How to get admission in best MBA colleges?

    To get admission in a good MBA college, you need to crack an MBA entrance exam. The most popular entrance exams are CAT, XAT, NMAT, MAT, SNAP & MHCET.

  • Which is the best MBA college for direct admission?

    There are various private MBA colleges that accept students through management quota. The names of some top MBA colleges for direct admission are as follows.

    • Amity University 
    • Mewar University
    • International School of Management, Patna
    • Shridhar University
    • Pacific Institute of Management

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