Top 20 MBA Colleges in India
India is home to some of the top 20 MBA colleges known for their exceptional education and outstanding placement opportunities.
Leading the list is the Indian Institutes of Management (IIMs) with IIM Ahmedabad, Bangalore, and Calcutta consistently ranking at the top.
These colleges offer rigorous curricula, excellent faculty, and strong industry connections.
The curriculum often includes international exposure, fostering a global business perspective. Admission is competitive, primarily through exams like CAT, XAT, and personal interviews.
Graduates from these top MBA colleges often secure high-paying jobs, making them a preferred choice for MBA aspirants.
Some of the most opted courses in India and St. Andrews college or different Engineering college or Management colleges are as follows:-
Highlights of the Top MBA Colleges in India
Here are the highlights of some of the top ten MBA colleges in India:
Indian Institute of Management Ahmedabad (IIM Ahmedabad)
Established: 1961
Program Duration: 2 years
Entrance Exam: CAT
Fees: Approximately ₹23 lakhs
Highlights:
- Consistently ranked as the top business school in India.
- World-class faculty and rigorous academic curriculum.
- Strong alumni network.
- Excellent placement records with top global recruiters.
Indian Institute of Management Bangalore (IIM Bangalore)
Established: 1973
Program Duration: 2 years
Entrance Exam: CAT
Fees: Approximately ₹23 lakhs
Highlights:
- Known for its beautiful campus and strategic location.
- Focus on research and innovation.
- Strong industry connections and high placement rates.
- Diverse and inclusive campus culture.
Indian Institute of Management Calcutta (IIM Calcutta)
Established: 1961
Program Duration: 2 years
Entrance Exam: CAT
Fees: Approximately ₹22.5 lakhs
Highlights:
- First IIM to be established.
- Known for its finance and quantitative analysis programs.
- Strong alumni network and global recognition.
- Excellent placement records with top companies.
St. Andrews Institute of Technology and Management(SAITM), Gurgaon
Established: 2014
Program Duration: 2 years
Entrance Exam: Personal Interview
Fees: Approximately ₹2.6 lakhs
Highlights:
- Offers a Two-years MBA programme.
- Strong focus on leadership and entrepreneurship.
- World-class faculty from top global institutions.
- Excellent placement opportunities and industry connections.
Xavier School of Management (XLRI), Jamshedpur
Established: 1949
Program Duration: 2 years
Entrance Exam: XAT
Fees: Approximately ₹23.6 lakhs
Highlights:
- Oldest management school in India.
- Known for its HR and industrial relations programs.
- Strong focus on ethics and social responsibility.
- Consistently high placement records.
Faculty of Management Studies (FMS), Delhi
Established: 1954
Program Duration: 2 years
Entrance Exam: CAT
Fees: Approximately ₹2 lakhs
Highlights:
- Offers MBA at an extremely affordable cost.
- Strong emphasis on practical learning and case studies.
- Excellent placement records with top companies.
- Strong alumni network.
S. P. Jain Institute of Management and Research (SPJIMR), Mumbai
Established: 1981
Program Duration: 2 years
Entrance Exam: CAT/XAT
Fees: Approximately ₹20 lakhs
Highlights:
- Known for its unique pedagogical approach.
- Strong industry interface and experiential learning.
- Focus on value-based education.
- High placement records with diverse roles offered.
Management Development Institute (MDI), Gurgaon
Established: 1973
Program Duration: 2 years
Entrance Exam: CAT
Fees: Approximately ₹23 lakhs
Highlights:
- Known for its strong focus on research and consultancy.
- Excellent faculty with extensive industry experience.
- Strong placement records.
- Extensive corporate connections and networking opportunities.
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Established: 1981
Program Duration: 2 years
Entrance Exam: NMAT
Fees: Approximately ₹20.8 lakhs
Highlights:
- Offers a diverse range of MBA specializations.
- Strong industry connections and placement support.
- Emphasis on practical and industry-relevant curriculum.
- Vibrant campus life and student activities.
Top MBA Colleges in India with Low Fees
Here are some top MBA colleges in India known for their high-quality education and relatively low fees:
Faculty of Management Studies (FMS), Delhi University
Fees: Approximately ₹2 lakhs for the entire MBA programme.
Highlights: FMS is renowned for its excellent ROI, strong alumni network, and high placement rates. It offers specialization in various fields such as Finance, Marketing, and MBA HR.
Tata Institute of Social Sciences (TISS), Mumbai
Fees: Around ₹2.4 lakhs for the two-year MA in HRM & LR program.
Highlights: TISS is well-known for its specialization in Human Resource Management and Labor Relations. It has a strong focus on social sciences and offers excellent placement opportunities.
St. Andrews Institute of Technology and Management{SAITM}, Gurgaon
Fees: Approximately ₹2.6 lakhs for Two years.
Highlights: DSE offers an MBA in International Business and HRD. It is known for its rigorous curriculum and strong academic environment. It is best MBA college.
Department of Financial Studies (DFS), University of Delhi
Fees: Around ₹50,000 per year.
Highlights: DFS offers an MBA in Financial Management. It has a strong focus on finance and provides excellent placement opportunities in the financial sector.
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
Fees: Approximately ₹6 lakhs for the two-year MBA programme.
Highlights: JBIMS is known for its academic excellence, strong industry connections, and high placement rates. It offers specializations in various fields such as Finance, Marketing, and Operations.
Department of Management Sciences (PUMBA), University of Pune
Fees: Around ₹1.3 lakhs for the two-year MBA program.
Highlights: PUMBA, or the Department of Management Sciences at the University of Pune, offers a robust MBA degree with a focus on various management disciplines. It boasts a good placement record and strong academic faculty, making it a notable institution for business management Pune.
University Business School (UBS), Panjab University, Chandigarh
Fees: Approximately ₹37,000 per year.
Highlights: UBS offers MBA courses with specializations in areas such as Finance, Marketing, and Human Resources. It is known for its strong academic environment and good placement opportunities.
Bharathidasan Institute of Management (BIM), Trichy
Fees: Around ₹7 lakhs for the two-year MBA program.
Highlights: BIM is known for its rigorous curriculum, excellent faculty, and strong placement records. It offers specializations in various management fields.
Institute of Management Studies (IMS), Banaras Hindu University (BHU)
Fees: Approximately ₹1.5 lakhs for the two-year MBA program.
Highlights: IMS BHU offers MBA degrees with specializations in areas such as Finance, Marketing, and Human Resources. It is known for its academic excellence and good placement opportunities.
University of Hyderabad, School of Management Studies (SMS)
Fees: Approximately ₹1 lakh for the two-year MBA program.
Highlights: SMS, University of Hyderabad, offers a robust MBA course with various specializations. It has a strong academic reputation and good placement opportunities.
Top MBA Colleges Accepting CAT Scores in India
The Common Admission Test (CAT) is one of the most popular entrance exams for MBA courses in India, and many of the top 20 MBA colleges in India accept CAT scores for their admission process. This exam serves as a gateway to some of the most prestigious MBA programs in the country, reflecting its critical role in the admissions landscape for leading business schools.
Here are some of the top MBA colleges in India that accept CAT scores, along with detailed information about each:
Indian Institutes of Management (IIMs)
IIM Ahmedabad: Known for its rigorous academic curriculum, excellent faculty, and outstanding placement records. The two-year MBA program fees are around ₹23 lakhs.
IIM Bangalore: Renowned for its academic excellence, innovative teaching methods, and strong industry connections. The fees for the two-year MBA program are approximately ₹23 lakhs.
IIM Calcutta: Offers a robust curriculum with a strong focus on research and excellent placement opportunities. The fees for the MBA program are around ₹23 lakhs, and the average placement package is highly competitive.
IIM Lucknow: Known for its diverse curriculum, strong alumni network, and high placement rates. The MBA program fees are about ₹19 lakhs.
IIM Indore: Offers a unique blend of academic rigor and practical exposure. The fees for the MBA program are approximately ₹17 lakhs.
IIM Kozhikode: Known for its picturesque campus, academic excellence, and strong placement records. In IIM MBA fees are around ₹20.5 lakhs.
Faculty of Management Studies {FMS}, Delhi University
FMS Delhi: Known for its affordable fee structure, strong academic curriculum, and excellent placement opportunities. The fees for the two-year MBA program are about ₹2 lakhs.
Indian School of Business (ISB), Hyderabad
ISB Hyderabad: Although primarily known for its Post Graduate Program in Management (PGP), which accepts GMAT scores, it also considers CAT scores for certain programs. The fees for the PGP program are around ₹37 lakhs.
XLRI – Xavier School of Management, Jamshedpur
XLRI Jamshedpur: Known for its HR program, it also offers a well-regarded MBA in Business Management. The fees for the two-year MBA program are around ₹25 lakhs.
SP Jain Institute of Management and Research {SPJIMR}, Mumbai
SPJIMR Mumbai: Offers a unique mix of academic rigor and practical exposure, with a strong focus on value-based education. The fees for the two-year MBA program are approximately ₹19 lakhs.
St. Andrews Institute of Technology and Management[SAITM], Gurgaon
SAITM Gurgaon: Known for its strong industry connections, excellent faculty, and high placement rates. The fees for the two-year MBA program are about ₹2.6 lakhs.
National Institute of Industrial Engineering (NITIE), Mumbai
NITIE Mumbai: Known for its focus on Industrial Management and Supply Chain Management, it offers a strong curriculum and excellent placement records. The fees for the two-year MBA program are approximately ₹14.63 lakhs.
Jamnalal Bajaj Institute of Management Studies {JBIMS}, Mumbai
JBIMS Mumbai: Known for its academic excellence, strong industry connections, and high placement rates. The fees for the two-year MBA program are around ₹6 lakhs.
Tata Institute of Social Sciences {TISS}, Mumbai
TISS Mumbai: Known for its specialization in Human Resource Management and Labor Relations, it offers a strong curriculum and excellent placement opportunities. The fees for the two-year MA in HRM & LR program are about ₹2.4 lakhs.
Great Lakes Institute of Management, Chennai
Great Lakes Chennai: Known for its one-year PGPM program, it also offers a two-year MBA program with a focus on analytics, digital marketing, and finance. The fees for the two-year MBA program are around ₹17 lakhs.
Top MBA Colleges in India: Eligibility Criteria
The eligibility criteria for MBA programs at top colleges in India typically include a combination of academic qualifications, entrance exam scores, and other specific requirements. Below is a summary of the eligibility criteria for some of the leading management colleges in India:
Indian Institutes of Management {IIMs}
Academic Qualification: Bachelor’s degree with at least 50% marks (45% for SC/ST/PwD candidates) or equivalent CGPA.
Entrance Exam: Common Admission Test (CAT).
Additional Requirements: Group discussion (GD), personal interview (PI), and Written Ability Test (WAT).
Xavier School of Management {XLRI}, Jamshedpur
Academic Qualification: Bachelor’s degree in any discipline.
Entrance Exam: Xavier Aptitude Test (XAT).
Additional Requirements: GD, PI, and/or WAT, depending on the program.
Faculty of Management Studies [FMS], Delhi University
Academic Qualification: Bachelor’s degree with at least 50% marks (45% for SC/ST/OBC/PwD candidates).
Entrance Exam: CAT.
Additional Requirements: GD and PI.
SP Jain Institute of Management and Research (SPJIMR), Mumbai
Academic Qualification: Bachelor’s degree with at least 50% marks.
Entrance Exam: CAT, XAT.
Additional Requirements: GD and PI.
St. Andrews Institute of Technology and Management (SAITM), Gurgaon
Academic Qualification: Bachelor’s degree with at least 50% marks.
Additional Requirements: GD, PI, and WAT.
Indian Institute of Foreign Trade (IIFT), Delhi
Academic Qualification: Bachelor’s degree of minimum 3 years’ duration in any discipline.
Entrance Exam: IIFT Entrance Exam.
Additional Requirements: GD, PI, and WAT.
Jamnalal Bajaj Institute of Management Studies [JBIMS], Mumbai
Academic Qualification: Bachelor’s degree with at least 50% marks (45% for reserved category candidates).
Entrance Exam: CAT, MAH-CET.
Additional Requirements: GD and PI.
Common Eligibility Aspects Across Most Colleges
- Minimum Qualification: A bachelor’s degree or equivalent qualification in any discipline.
- Entrance Exam: Scores from exams like CAT, XAT,IIFT, or state-specific tests.
- Work Experience: While not mandatory for all, some programs, especially executive MBAs, require a few years of work experience.
- Application Process: Typically includes an application form, essays or statement of purpose (SOP), and sometimes recommendations.
- Selection Process: Often involves multiple stages including entrance exam scores, GD, PI, WAT, and sometimes additional criteria like extracurricular achievements and work experience.
Low-cost Top MBA Colleges in India
Here are some of the top business schools in India known for their low tuition fees while maintaining high-quality education and strong placement records:
1. Faculty of Management Studies (FMS), Delhi University
Fees: Approximately ₹1-2 lakhs for the entire MBA program.
Average Salary: ₹20-25 lakhs per annum.
Entrance Exam: CAT.
Highlights: FMS is renowned for its exceptional ROI, strong industry connections, and high placement rates.
2. St. Andrews Institute of Technology and Management(SAITM), Gurgaon
Fees: Approximately ₹2.6 lakhs for the entire MBA program.
Average Salary: ₹18-22 lakhs per annum.
Highlights: This college is known for its excellent faculty, vibrant campus life, and numerous student-led activities.
3. Department of Management Studies (DMS), IIT Delhi
Fees: Approximately ₹9-10 lakhs for the entire MBA program.
Average Salary: ₹18-20 lakhs per annum.
Entrance Exam: CAT.
Highlights: DMS IIT Delhi offers a strong curriculum backed by IIT’s technical expertise and strong industry connections.
4. Department of Management Studies (DoMS), IIT Madras
Fees: Approximately ₹8-9 lakhs for the entire MBA program.
Average Salary: ₹15-18 lakhs per annum.
Entrance Exam: CAT.
Highlights: DoMS IIT Madras is known for its rigorous curriculum and strong emphasis on technology management.
5. Department of Management Studies (DoMS), IIT Roorkee
Fees: Approximately ₹8-10 lakhs for the entire MBA program.
Average Salary: ₹12-15 lakhs per annum.
Entrance Exam: CAT.
Highlights: DoMS IIT Roorkee offers a blend of management and technical education, with strong placement support.
6. Tata Institute of Social Sciences (TISS), Mumbai
Fees: Approximately ₹2-3 lakhs for the entire MBA program.
Average Salary: ₹15-18 lakhs per annum.
Entrance Exam: TISSNET.
Highlights: TISS is well-regarded for its social sciences and management programs, with a focus on social impact and public policy.
7. National Institute of Industrial Engineering (NITIE), Mumbai
Fees: Approximately ₹14-16 lakhs for the entire MBA program.
Average Salary: ₹20-25 lakhs per annum.
Entrance Exam: CAT.
Highlights: NITIE is renowned for its specialization in industrial engineering and operations management, with strong placement records in these fields.
8. University Business School (UBS), Panjab University, Chandigarh
Fees: Approximately ₹50,000-1 lakh for the entire MBA program.
Average Salary: ₹9-10 lakhs per annum.
Entrance Exam: CAT.
Highlights: UBS offers affordable education with a decent ROI and a good placement record in various industries.
Top Distance MBA Colleges in India
Distance MBA colleges offer flexible programs that are an excellent option for professionals aiming to enhance their managerial skills without interrupting their careers.
Here are some of the top MBA institutions in India that offer reputable distance MBA programs:
Indira Gandhi National Open University (IGNOU), New Delhi – IGNOU is one of the largest and most respected providers of distance education. Its MBA program is well-structured, offering various specializations and flexibility in terms of duration.
ICFAI University, Hyderabad – Offers a flexible learning format through its distance MBA program, allowing students to complete their studies at their own pace with a focus on case studies and practical applications.
St. Andrews Institute of Technology and Management(SAITM), Gurgaon – Known for providing quality management education, SAITM offers a wide range of specializations in their MBA programs.
Annamalai University, Tamil Nadu – Offers a distance education MBA with multiple specializations. The program is well-recognized in South India and has a robust curriculum.
Bharathiar University, Coimbatore – Known for its affordability and strong curriculum, it offers various specializations under its distance MBA program.
Alagappa University, Tamil Nadu – Offers a Directorate of Distance Education (DDE) which provides a variety of MBA specializations, recognized for its industry-oriented curriculum.
Welingkar Institute of Management, Mumbai – Offers distance learning PGDM courses that are equivalent to MBA and highly valued by employers.
Top Private MBA Colleges in India
Here are some of the top private MBA colleges in India, renowned for their academic excellence, strong placement records, and comprehensive curriculum in management technology. These institutions are among the top 20 MBA colleges in India, offering specialized programs that integrate modern management techniques with cutting-edge technology. Their commitment to providing quality education and robust career opportunities makes them highly sought after by prospective MBA students.
Indian School of Business (ISB), Hyderabad & Mohali – Recognized for its one-year PGP program, ISB stands out with a curriculum that matches global standards, attracting students and faculty from around the world.
XLRI – Xavier School of Management, Jamshedpur – Famous for its Human Resources program, XLRI also offers Business Management and General Management programs that are highly respected.
SP Jain Institute of Management and Research (SPJIMR), Mumbai – Known for its innovative pedagogy and specialization in Information Management, Finance, Operations, Marketing, and Manufacturing.
St. Andrews Institute of Technology and Management(SAITM), Gurgaon – Offers high-quality, research-based education with programs in Management, Human Resources, MBA Finance, MBA Business Analytics and IT.
Great Lakes Institute of Management, Chennai – Known for one-year full-time and two-year part-time postgraduate programs in management, it emphasizes analytics across all specializations.
TA Pai Management Institute (TAPMI), Manipal – Known for its academic rigor and extensive use of case studies in the curriculum.
International Management Institute (IMI), New Delhi – Offers programs accredited by AMBA and focuses on creating business leaders through an intensive and rigorous curriculum.
Top MBA Colleges in India: Top Exams Schedule
Top MBA colleges in India, including those among the top 20 MBA colleges in India, primarily admit students based on scores from key entrance exams. Here are some of the major MBA entrance exams, their schedules, and the top colleges that accept these scores:
1. Common Admission Test (CAT)
Conducted by: Indian Institutes of Management (IIMs)
Exam Date: Usually held in the last week of November every year
Application Period: August to September
Top Colleges Accepting CAT Scores:
- Indian Institutes of Management (IIMs)
- Faculty of Management Studies (FMS), Delhi
- SP Jain Institute of Management and Research (SPJIMR), Mumbai
- Management Development Institute (MDI), Gurgaon
- Indian Institute of Foreign Trade (IIFT), Delhi (also accepts IIFT entrance exam scores)
2. Xavier Aptitude Test (XAT)
Conducted by: XLRI, Jamshedpur
Exam Date: First Sunday of January
Application Period: August to November
Top Colleges Accepting XAT Scores:
- XLRI, Jamshedpur
- SPJIMR, Mumbai
- Xavier Institute of Management (XIMB), Bhubaneswar
- Great Lakes Institute of Management, Chennai
- TAPMI, Manipal
3. Common Management Admission Test (CMAT)
Conducted by: National Testing Agency (NTA)
Exam Date: Usually held in January
Application Period: November to December
Top Colleges Accepting CMAT Scores:
- JBIMS, Mumbai
- SIMSREE, Mumbai
- Great Lakes Institute of Management, Chennai
- KJ Somaiya Institute of Management, Mumbai
- Welingkar Institute of Management, Mumbai
4. Management Aptitude Test (MAT)
Conducted by: All India Management Association (AIMA)
Exam Date: Conducted four times a year (February, May, September, December)
Application Period: Varies for each session
Top Colleges Accepting MAT Scores:
- Christ University, Bangalore
- Birla Institute of Technology (BIT), Mesra
- Institute of Management Studies (IMS), Ghaziabad
- Alliance School of Business, Bangalore
5. Indian Institute of Foreign Trade (IIFT) Entrance Exam
Conducted by: National Testing Agency (NTA)
Exam Date: December
Application Period: September to October
Top Colleges Accepting IIFT Scores:
- Indian Institute of Foreign Trade (IIFT), Delhi, Kolkata, and Kakinada
Return on Investment (ROI) for MBA Colleges in India
When considering the Return on Investment (ROI) for MBA institutions in India, especially those among the top 20 MBA colleges in India, it is crucial to assess both the costs of the program and the potential earnings post-graduation. ROI is typically measured by comparing the fees paid for the MBA program to the average salary graduates receive, providing a clear picture of the financial benefits relative to the investment made.
Here is a brief overview of the ROI for some of the top MBA colleges in India:
Indian Institutes of Management [IIMs]
- Fees: ₹15-24 lakhs
- Average Salary: ₹20-30 lakhs per annum
- ROI: High, given the substantial increase in salary post-MBA
Xavier School of Management [XLRI], Jamshedpur
- Fees: ₹23-25 lakhs
- Average Salary: ₹20-25 lakhs per annum
- ROI: High, with excellent placement records
St. Andrews Institute of Technology and Management (SAITM) Gurgaon
- Fees: ₹2.6 lakhs
- Average Salary: ₹20-24 lakhs per annum
- ROI: High, due to favorable placement outcomes
Faculty of Management Studies(FMS), Delhi University
- Fees: ₹1-2 lakhs
- Average Salary: ₹20-25 lakhs per annum
- ROI: Very High, due to low fees and high salaries
Indian School of Business {ISB}, Hyderabad
- Fees: ₹30-35 lakhs
- Average Salary: ₹25-28 lakhs per annum
- ROI: Moderate to High, with strong placement support
SP Jain Institute of Management and Research [SPJIMR], Mumbai
- Fees: ₹20-22 lakhs
- Average Salary: ₹20-22 lakhs per annum
- ROI: High, with a solid reputation in the industry
Indian Institute of Foreign Trade (IIFT), Delhi:
- Fees: ₹18-21 lakhs
- Average Salary: ₹18-20 lakhs per annum
- ROI: High, particularly for those aiming at international business roles
Jamnalal Bajaj Institute of Management Studies(JBIMS), Mumbai
- Fees: ₹6-7 lakhs
- Average Salary: ₹18-22 lakhs per annum
- ROI: Very High, considering the relatively low fees
Factors Affecting ROI
Placement Records: Colleges with strong placement support and high average salaries tend to offer better ROI.
Fees Structure: Institutes with lower fees but high placement salaries, such as FMS and JBIMS, offer exceptional ROI.
Industry Connections: Colleges with robust industry ties often provide better job opportunities and higher starting salaries.
Alumni Network: A strong and active alumni network can significantly enhance career prospects, contributing to a higher ROI.
Highest Salary Offered by Top MBA Colleges in India
The highest salaries offered by the top 20 MBA colleges in India can vary significantly each year, influenced by multiple factors such as economic conditions, industry demand, and the individual capabilities of the graduates. This variability reflects the dynamic nature of the job market and the high caliber of education provided by these elite institutions.
Here’s a detailed look at some of the top MBA colleges in India and the highest salary packages they have reported recently:
1. Indian Institute of Management, Ahmedabad (IIMA)
Highest Salary: The highest domestic salary at IIMA has often crossed the ₹70-80 lakhs per annum mark.
Top Recruiters: Some of the top recruiters include McKinsey, BCG, Goldman Sachs, and Amazon.
2. Indian Institute of Management, Bangalore (IIMB)
Highest Salary: IIMB has reported highest domestic salaries around ₹55-70 lakhs per annum.
Top Recruiters: Top recruiters include Bain & Company, Microsoft, KPMG, and JPMorgan Chase.
3. Indian Institute of Management, Calcutta (IIMC)
Highest Salary: The highest domestic salary can range from ₹60-75 lakhs per annum.
Top Recruiters: Prominent recruiters include Deloitte, Citibank, Morgan Stanley, and Google.
4. Indian School of Business (ISB), Hyderabad
Highest Salary: ISB has reported domestic packages reaching up to ₹60-70 lakhs per annum.
Top Recruiters: Leading recruiters include EY, PwC, Accenture, and Apple.
5. St. Andrews Institute of Technology and Management(SAITM), Gurgaon
Highest Salary: MDI has reported domestic salaries up to ₹35-40 lakhs per annum.
Top Recruiters: Top recruiters include JARO Education, SNVA Ventures, Dudhi Industries, Byjus, Cvent, INTELLIPAAT, Hello Study Global Internship, Creditas Solutions, Dyson.
6. Faculty of Management Studies (FMS), Delhi
Highest Salary: The highest domestic salary at FMS can be around ₹50-60 lakhs per annum.
Top Recruiters: Major recruiters include Infosys, Adobe, HDFC Bank, and Maruti Suzuki.
7. SP Jain Institute of Management and Research (SPJIMR), Mumbai
Highest Salary: SPJIMR reports highest domestic salaries around ₹45-55 lakhs per annum.
Top Recruiters: Top recruiters include Google, Mahindra, Boston Consulting Group, and Nestle.
8. Indian Institute of Management, Lucknow (IIML)
Highest Salary: The highest domestic salary can range from ₹45-55 lakhs per annum.
Top Recruiters: Companies like Amazon, Flipkart, Deloitte, and BCG are among the top recruiters.
9. XLRI – Xavier School of Management, Jamshedpur
Highest Salary: XLRI has seen domestic offers go up to ₹50-60 lakhs per annum.
Top Recruiters: Companies like TATA, Reliance, HUL, and ITC are major recruiters.
10. Indian Institute of Foreign Trade (IIFT), Delhi
Highest Salary: The highest domestic salary can be around ₹35-45 lakhs per annum.
Top Recruiters: Prominent recruiters include HSBC, Wipro, Google, and Deloitte.
Key Factors Influencing High Salary Offers
Recruiter Demand: High demand for MBA graduates in consulting, finance, technology, and FMCG sectors often drives up salary offers.
Alumni Network: Strong alumni networks can lead to better placement opportunities and higher salaries.
Global Exposure: Colleges with international exchange programs and global tie-ups tend to have higher salary offers.
Industry Relationships: Strong industry connections and partnerships can result in lucrative job offers for graduates.
Specialization: Specializations in high-demand fields such as finance, consulting, and technology can attract higher salary packages.
Top Government MBA Colleges in Delhi NCR
Delhi NCR (National Capital Region) is home to several prestigious government MBA colleges that are among the top 20 MBA colleges in India. These institutions are celebrated for their excellent academic programs, experienced faculty, and strong placement records, making them attractive options for students seeking quality management education.
Here are some of the top govt MBA colleges in Delhi NCR:
1. Faculty of Management Studies (FMS), University of Delhi
Location: New Delhi
Overview: FMS is one of the oldest and most prestigious management institutes in India. It offers a full-time MBA degree, an executive MBA, and a doctoral program in management.
Special Features:
- High return on investment due to low fees.
- Strong industry connections.
- Excellent placement record with top recruiters like McKinsey, BCG, Google, and Amazon.
Fees: Approximately ₹2 lakhs for the entire course.
Admission: Primarily through CAT scores followed by a personal interview, group discussion, and extempore speech.
2. Department of Management Studies (DMS), Indian Institute of Technology (IIT) Delhi
Location: New Delhi
Overview: DMS IIT Delhi is known for its rigorous academic curriculum and strong focus on research and innovation. It offers a full-time MBA program, an MBA in Telecommunication Systems Management, and a doctoral program in management.
Special Features:
- Strong emphasis on technology and management.
- Excellent placement opportunities in both technical and managerial roles.
- Collaboration with international institutions and industries.
Fees: Approximately ₹9.6 lakhs for the entire course.
Admission: Through CAT scores followed by a group discussion and personal interview.
3. Indian Institute of Foreign Trade (IIFT)
Location: New Delhi
Overview: IIFT is renowned for its focus on international business and trade. It offers an MBA in International Business (IB), executive programs, and doctoral programs.
Special Features:
- Specialization in international business.
- Strong global network and partnerships.
- High placement rates with top recruiters in international trade and finance.
Fees: Approximately ₹18.25 lakhs for the entire course.
Admission: Through IIFT’s own entrance exam followed by a group discussion, writing skills assessment, and personal interview.
4. Department of Management Studies (DMS), National Institute of Technology (NIT) Delhi
Location: New Delhi
Overview: DMS NIT Delhi offers an MBA program with a focus on producing industry-ready graduates with strong technical and managerial skills.
Special Features:
- Emphasis on technical management education.
- Collaborations with industries for practical exposure.
- Good placement record with companies in the technical and managerial domains.
Fees: Approximately ₹2.7 lakhs for the entire course.
Admission: Through CAT scores followed by a personal interview.
5. Delhi School of Economics (DSE), University of Delhi
Location: New Delhi
Overview: DSE offers an MBA program in International Business (IB) and Human Resource Development (HRD) under the Department of Commerce.
Special Features:
- Strong focus on economics and management.
- High-quality faculty and research opportunities.
- Good placement record with recruiters from various sectors.
Fees: Approximately ₹30,000 per semester.
Admission: Through CAT scores followed by a personal interview and group discussion.
6. Guru Gobind Singh Indraprastha University (GGSIPU), University School of Management Studies (USMS)
Location: New Delhi
Overview: USMS offers MBA programmes in general management, international business, and financial markets.
Special Features:
- Diverse specializations.
- Focus on practical and industry-oriented education.
- Good placement opportunities in various sectors.
Fees: Approximately ₹2.83 lakhs for the entire course.
Admission: Through CAT scores followed by a personal interview.
Key Factors to Consider
Curriculum and Specializations: Look for colleges that offer specializations aligning with your career goals.
Placement Records: Consider the college’s placement history and the industries that typically recruit from there.
Fees and ROI: Evaluate the fee structure and the return on investment considering the average salary packages.
Faculty and Infrastructure: Check the qualifications of the faculty and the infrastructure available for management education.
Location and Accessibility: Consider the location of the college and its accessibility for internships and industry exposure.
FAQs
Which is India’s no. 1 MBA college?
Widely regarded as India’s No. 1 MBA college, the Indian Institute of Management Ahmedabad (IIMA) consistently ranks at the top among the top 20 MBA colleges in India in various national and international rankings. Known for its rigorous academic curriculum, distinguished faculty, strong industry connections, and excellent placement records, IIMA offers a range of management programs. The flagship Post Graduate Program in Management (PGP) is particularly sought after by students from across the country.
Which college in India has highest placement for MBA?
In India, the Indian Institute of Management Ahmedabad (IIMA) is frequently cited as one of the top MBA colleges with the highest placement records for its graduates. IIMA consistently achieves near 100% placement rates, drawing top companies from diverse industries to participate in its recruitment process. The institute’s robust industry connections, rigorous academic program, and extensive placement support significantly contribute to its outstanding placement outcomes, setting a benchmark for other top MBA colleges in the country.
Which state is best for MBA in India?
Maharashtra is renowned as one of the top states for pursuing an MBA in India, prominently featuring in the list of top 20 MBA colleges in India with popular institutions such as SPJIMR, JBIMS, and NMIMS in Mumbai. These colleges provide exceptional education and offer excellent internship and placement opportunities, leveraging Maharashtra’s robust industrial and financial sectors.
What is the best MBA ranking in India?
The best MBA rankings in India are provided by the National Institutional Ranking Framework (NIRF) under the Ministry of Education, Government of India. NIRF evaluates institutions based on various parameters including teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity, and perception. Among the top 20 MBA colleges in India, the Indian Institute of Management Ahmedabad (IIMA) frequently secures the top position in these rankings.
How much does an MBA cost in India?
The cost of an MBA in India varies widely depending on the institution. Here are some general estimates:
Top-tier institutions (IIMs, ISB): ₹15-25 lakhs for the entire program.
Other reputed private colleges (NMIMS, XLRI, SPJIMR): ₹10-20 lakhs for the entire program.
Government and public universities (FMS, Delhi University): ₹1-5 lakhs for the entire program.
State-level and other private colleges: ₹3-10 lakhs for the entire program.
What is the lowest MBA fee structure?
Among the top 20 MBA colleges in India offering affordable education, government and public universities often feature the lowest tuition fees. A prime example is the Faculty of Management Studies (FMS) at Delhi University, where the total cost for the entire MBA program is remarkably low, approximately ₹1-2 lakhs. Additionally, other state universities and some distance education programs offer MBA courses with fees ranging from ₹1-5 lakhs for the complete program, making them financially accessible options for many students.
Which is the top MBA College in India?
The Indian Institute of Management Ahmedabad (IIMA) is often considered the top MBA college in India. It is renowned for its rigorous academic program, exceptional faculty, and excellent placement records. As a leading institution among the top 20 MBA colleges in India, IIMA consistently ranks highly not only nationally but also globally, attracting top talent from across the country and around the world.
Why is MBA so costly in India?
The high cost of an MBA in India can be attributed to several factors:
Quality of Education: Top 20 MBA Colleges in India prioritize substantial investments in quality faculty, infrastructure, and resources to ensure they deliver a world-class education to those pursuing an MBA. This commitment includes offering competitive salaries to attract esteemed faculty, maintaining modern facilities, and providing advanced learning tools to enrich the educational experience.
Industry Connections and Placements: Leading MBA programmes have strong industry linkages and offer excellent placement support, which requires resources and investment in networking, internships, and career services.
Curriculum and Research: MBA programs often involve case studies, projects, and research activities that demand substantial investment in academic resources and partnerships with global institutions.
Brand Value: Reputed institutions charge higher fees for the brand value and recognition they offer, which can significantly enhance career prospects and earning potential for graduates.
Administrative Costs: Running a large-scale, high-quality MBA program involves considerable administrative expenses, including marketing, student services, and campus maintenance.
Location and Facilities: MBA institutes in major cities or with sprawling campuses and state-of-the-art facilities tend to have higher operational costs, which are reflected in the fees.
