Top MBA Colleges in India 2024 Fees, Rankings, Placements

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Master of Business Administration or MBA is a highly regarded postgraduate degree. Generally, the duration of an MBA program is 2 years but many business schools also offer a single-year degree program. A candidate holding an MBA degree is well-equipped to excel and reach new heights in the corporate world. An MBA program offers specialization in several business areas and it also helps them in building their base in those areas. There are a total of 3978 recognizable MBA colleges in India and these MBA colleges are spread across the country. Some of these MBA colleges are privately owned while the others are public colleges. The top MBA colleges in India are Indian Institute of Management (IIM) Bangalore, Indian Institute of Management (IIM) Ahmedabad, Indian Institute of Management (IIM) Kolkata, Indian Institute of Technology Delhi, FMS Delhi etc. If a candidate wishes to get admission to these colleges, a good score in entrance exams such as CAT, XAT, GMAT etc. is necessary. After clearing their exams, the candidates are also required to clear their GD/PI rounds. The top MBA colleges in India are known for their academic excellence, one of the best placement opportunities, highly experienced faculty, world-class facilities etc. The Top Recruiters coming to these colleges for campus placements are Amazon, Accenture, Paytm, Mckinsey, Deloitte etc. The Average Package provided by these colleges ranges between 7 to 15 LPA. 

  • CAT 2024 is scheduled to take place on 24th November 2024.
  • IIM Ahmedabad achieved the record for the highest placement package ( INR 1.15 crore per annum INR)
  • The college which charges the lowest tuition fees is Dayalbagh Educational Institute (10,060 INR)
  • The fees of top MBA colleges in India range from  INR 50,000 to 31,20,000 INR.

Eligibility Criteria Of Top MBA Colleges 

The MBA eligibility criteria is different for almost every college. The general eligibility criteria have been listed below for the candidates:

  • Candidates must have graduated from a recognized college/university.
  • Candidates must have cleared the entrance exams such as CAT, XAT, GMAT etc. with good grades.
  • Reserved categories like OBC, SC/ST etc. are given a relaxation of 5%.

The following table provides the aspiring candidates with an overall view of admission criteria and also tells them about the eligibility, Cut-offs and exams accepted by the op MBA  colleges.

College Name

Exams Accepted

Cut-off

Eligibility Criteria

IIM Ahmedabad

CAT

99

Graduation with 50% aggregate

IIM Bangalore

CAT

99

Graduation with 50% aggregate (45 % for SC/ST students)

IIM Rohtak

CAT, IPM Aptitude Test

95

Class 12 with 60% aggregate

XLRI Jamshedpur

XAT & GMAT

96

Graduation with a minimum aggregate of 50%

DMS IIT Delhi

CAT

98.04

Graduation with 60% aggregate

IIM Kozhikode

CAT & EMAT

97

Graduation with 50% aggregate

MDI Gurgaon

CAT, XAT, MAT, and GMAT

93-95

Graduation with 50% aggregate

Lovely Professional University

LPU NEST, MAT, XAT, CAT, etc.

95

Class 12 with 60% and graduation with 55% aggregate

Amity University

MAT, XAT, CAT, NMAT, etc.

85

Class 12 with 70% and graduation with 60% aggregate

IIFT Delhi

CAT, GMAT & IPMAT

GMAT: 650

Bachelor's degree with an aggregate of 50%

Highlights Of Top MBA Colleges in India

MBA or Master of Business Administration is one of the most highly demanded courses in the country.  The duration of a regular MBA program is 2 years and it has a total of 4 semesters. A student from any background can pursue an MBA degree. Students can refer to the table below which provides a summary of the top MBA colleges in India. 

Parameters

Particulars/Statistics

No. of MBA Colleges

100+

Top MBA Colleges

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, etc.

Top Distance MBA Colleges

XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc.

Annual Fees

INR < 1 lakh: 7 Colleges

INR 1-2 lakh: 5 Colleges

INR 2-3 lakh: 6 Colleges

INR 3-5 lakh: 8 Colleges

INR > 5 lakh: 76 Colleges

Top Specialisations

Sales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc.

Accepted Entrance Exams

CAT, XAT, CMAT, MAT, etc.

No. of IIMs in India

21

Top 10 MBA Colleges in India

IIM Ahmedabad, IIM Bangalore and IIM Calcutta are ranked among the top 10 engineering colleges in India. To get an overview of these top engineering institutions, students can check the table provided below which discusses in detail about the total number of seats they offer, the CAT Cutoff of the previous year and the Total Course Fees charged by them. 

Top 10 MBA Colleges in India

Total Seats

CAT 2023 Cutoff

Total Course Fees(INR)

IIM Ahmedabad

385

99

INR 25 lakh

IIM Bangalore

565

99

INR 24.5 lakh

IIM Calcutta

462

99

INR 27 lakh

DMS IIT Delhi

91

98

INR 11.2 lakh

IIM Kozhikode

525

97

INR 12 lakh

IIM Lucknow

490

90

INR 14.3 lakh

IIM Indore

450+150

90

INR 21.17 lakh

XLRI Jamshedpur

1310

92

INR 24.20 lakh

IIM(NITIE) Mumbai

550

97

INR 21 lakh

IIT Madras

68

85

INR 8.92 lakh

NIRF Rankings Of Top MBA Colleges in India

NIRF releases its rankings every year and the colleges are ranked out of 100. There are certain parameters on which these colleges are ranked such as graduation outcomes, outreach, academic performance, teaching, faculty etc. According to the NIRF Rankings 2023, IIM Ahmedabad is the highest-ranked MBA college in India and it has retained its 1st position since the last three years. IIM Ahmedabad is followed by IIM Bangalore, IIM Kozhikode and other IIMs in the NIRF Rankings. The table below presents the NIRF Rankings of the top MBA colleges in India from the past three years starting from 2021 to 2023. 

College Name

NIRF 2021

NIRF 2022

NIRF 2023

Indian Institute of Management, (IIM) Ahmedabad

1

1

1

Indian Institute of Management, (IIM) Bangalore

2

2

2

Indian Institute of Management, (IIM) Kozhikode

4

5

3

Indian Institute of Management, (IIM) Calcutta

3

3

4

Indian Institute of Technology, (IIT) Delhi

5

4

5

Indian Institute of Management, (IIM) Lucknow

7

6

6

IIM Mumbai

12

9

7

Indian Institute of Management, (IIM) Indore

6

7

8

XLRI-Xavier School of Management

12

12

9

Indian Institute of Technology Bombay

10

11

10

Tier-1 MBA Colleges in India

There are over 3000 MBA colleges in India. These colleges are categorized into different tiers such as tier 1, tier 2, and tier 3 on the grounds of their academic excellence, faculty etc. The table discusses about the colleges that are there in tier 1 along with their fees and exams accepted. 

College Name

Average Fees

Admission Criteria

IIM Ahmedabad

INR 25,00,000 (Total)

CAT/GMAT/GRE

IIM Bangalore

INR 24,50,000 (Total)

CAT/GMAT

IIM Calcutta

INR 27,00,000 (Total)

CAT/GMAT

IIM Kozhikode

INR 20,50,000 (Total)

CAT/GMAT/GRE

XLRI Xavier School of Management

INR 14,30,000

XAT/GMAT

FMS Delhi

INR 1,00,000

CAT

SP Jain Mumbai

INR 24,00,000 (Total)

CAT

IIM Lucknow

INR 10,95,000

CAT/GMAT

IIT Indore

INR 9,04,711

CAT

JBIMS Mumbai

INR 3,50,000

CAT

Top Government MBA Colleges in India

The top government MBA colleges in India are IIM Ahmedabad, IIM Bangalore and IIT Delhi. The tuition fees of public engineering colleges are considerably low. The top government MBA colleges are well-known for their better placement opportunities. The table presented below shows the course fees and exam accepted by these top MBA colleges. 

College Name

Total Course Fees

Admission Criteria

IIM Ahmedabad

INR 25 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

IIM Bangalore

INR 25 lakh

Entrance Exam: CAT

Graduation with 50% aggregate (45 % for SC/ST students)

IIT Delhi

INR 11.2 lakh

Entrance Exam: CAT

Graduation with 60% aggregate

IIM Kozhikode

INR 12 lakh

Entrance Exam: CAT, EMAT

Graduation with 50% aggregate

IIM Lucknow

INR 14.3 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

IIM Raipur

INR 18 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

IIM Rohtak

INR 17.9 lakh

Entrance Exams: CAT, IPM Aptitude Test

Class 12 with 60% aggregate

FMS Delhi

INR 2,00,000

Entrance Exam: CAT

Graduation with 50% aggregate

Banaras Hindu University

INR 70,000

Entrance Exam: CAT

Graduation with 50% aggregate

SJMSOM, IIT Bombay

INR 14.27 lakh

Entrance Exam: CAT

Graduation with 60% aggregate

Top Private MBA Colleges in India

The top private MBA colleges in India are XLRI Jamshedpur,  SPJIMR Mumbai, MDI Gurgaon, IIFT Delhi, IMT Ghaziabad etc. The tuition fees charged by these colleges is slightly more but they offer world-class infrastructure, better placement opportunities and many other facilities to their students. Students can get admission to these top colleges by clearing the government exams such as XAT, GMAT, CAT, MAT etc. The total course fee of these colleges ranges between 8 to 33.77 lakh. The table presented below shows the course fees and exam accepted by these top private MBA colleges.

College Name

Total Course Fees

Admission Criteria

XLRI Jamshedpur

INR 24.2 lakh

Entrance Exams: XAT, GMAT

Graduation with a minimum aggregate of 50%

SPJIMR Mumbai

INR 24 lakh

Entrance Exam: CAT

Graduation with 50% aggregate

MDI Gurgaon

INR 25 lakh

Entrance Exams: CAT, XAT, MAT, GMAT

Graduation with 50% aggregate

SIBM Pune

INR 26.8 lakh

Entrance Exam: SNAP

Bachelor's degree with an aggregate of 50%

IIFT Delhi

INR 33.77 lakh

Entrance Exam: CAT & IPMAT

Bachelor's degree with an aggregate of 50%

SBM NMIMS Mumbai

INR 24.9 lakh

Entrance Exam: NMAT

Graduation with 55% aggregate

Amity University, Noida

INR 15.56 lakh

Entrance Exams: MAT, XAT, CAT, NMAT, etc.

Class 12 with 70% and graduation with 60% aggregate

IMT Ghaziabad

INR 21.53 lakh

Entrance Exams CAT, XAT, and GMAT

Bachelor's degree with a 50% aggregate

Lovely Professional University

INR 8 lakh

Entrance Exams: LPU NEST, MAT, XAT, CAT, etc.

Class 12 with 60% and graduation with 55% aggregate

KJ Somaiya Institute of Management

INR 17.27 lakh

Entrance Exams: CAT, XAT, CMAT, GMAT, & NMAT

Bachelor's degree with a 50% aggregate

ROI of Top MBA Colleges in India

ROI is one of the most crucial factors for a student before choosing a college. IIM Ahmedabad provides the highest average package of 32 lacs. The total fees of these colleges range between 11 to 29 lacs. Students can check the following table which shows the total tuition fee, average annual package of each and every college.   

College Name

Total Tuition Fee

Annual Average Package

IIM Ahmedabad MBA

INR 25 lakh

INR 32 LPA

IIM Bangalore MBA

INR 25 lakh

INR 32 LPA

IIT Delhi MBA

INR 11 lakh

INR 24 LPA

IIM Kozhikode MBA

INR 21 lakh

INR 27 LPA

IIM Lucknow MBA

INR 13 lakh

INR 30 LPA

XLRI MBA

INR 29 lakh

INR 30 LPA

Highest Placement Offered by Top MBA Colleges in India

The highest placement was offered by IIM Ahmedabad which was of INR 32 LPA, followed by IIM Bangalore and IIM Kozhikode. The top recruiters that come to these colleges for the campus placements are Boston Consultancy, TCS, Axis Bank, Larson and Toubro, Amazon, Accenture etc. The table shown below consists of placement packages offered by the top MBA colleges in India along with the top recruiters. 

College Name

Placement Package

Top Recruiters

IIM Ahmedabad MBA Placements

INR 32 LPA

Boston Consultancy, TCS, Axis Bank, Larson and Toubro, Amazon, Sunsilk, etc.

IIM Bangalore MBA Placements

INR 32 LPA

Accenture, Amazon, Paytm, Microsoft, Vedanta, Mckinsey, Nielsen Bangalore, etc.

IIT Delhi MBA Placements

INR 24 LPA

RB, Synergy Consulting, Wipro, ICICI Bank etc..

IIM Kozhikode MBA Placements

INR 27 LPA

Microsoft, TCS, HCL, Accenture, Amazon, Deloitte, Capgemini, Cognizant, etc.
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