Top Tier 1 MBA Colleges in India
Top Tier 1 MBA colleges in India are renowned for their rigorous academic programs, exceptional faculty, and robust placement records.
These institutions emphasize a holistic approach to management education, integrating theoretical knowledge with practical experience through industry partnerships, internships, and live projects.
They are known for their state-of-the-art infrastructure, global exposure opportunities, and strong alumni networks.
These colleges also focus on developing leadership qualities and entrepreneurial skills, preparing students to excel in the competitive business world. Additionally, they offer a wide range of specializations, catering to the diverse interests and career aspirations of students.
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 Tier 1 MBA Colleges in India
Here are the highlights of the top tier 1 MBA colleges in India, known for their prestigious programs and excellent placement records:
Indian Institute of Management (IIM) Ahmedabad
- Known for its rigorous curriculum and case study methodology.
- Consistently ranked as the top MBA college in India.
- Strong placements with top global and Indian firms.
Indian Institute of Management (IIM) Bangalore
- Renowned for its research facilities and faculty.
- Offers a wide range of international exchange programs.
- Excellent track record in entrepreneurship and innovation.
Indian Institute of Management (IIM) Calcutta
- Famous for its finance-related courses and strong alumni network.
- Regularly collaborates with foreign universities for joint programs.
- Strong emphasis on leadership and organizational management.
St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Known for its interactive teaching methods and student-driven culture.
- Strong focus on information technology, marketing, and human resource development.
- Offers various social development initiatives.
Indian School of Business (ISB) Hyderabad
- Offers a one-year Post Graduate Program (PGP) that attracts experienced professionals.
- Strong focus on practical learning and industry engagement.
- High placement success in consulting and technology sectors.
Indian Institute of Management (IIM) Lucknow
- Known for a balanced approach to management education.
- Strong focus on ethics, corporate responsibility, and sustainable development.
- Excellent placement in diverse sectors.
Xavier Labour Relations Institute (XLRI) Jamshedpur
- Specializes in Human Resource Management and Business Management.
- Known for its rigorous selection process and high academic standards.
- Strong industry connections leading to excellent placements.
Indian Institute of Management (IIM) Indore
- Offers unique programs like Integrated Programme in Management (IPM).
- Strong focus on quantitative techniques and analytical reasoning.
- Consistent record of high placements.
Faculty of Management Studies {FMS}, University of Delhi
- Offers high-quality education with significantly lower tuition fees.
- Strong emphasis on theoretical and practical aspects of management.
- Excellent ROI due to low fees and high placement packages.
Top MBA Colleges in India: Admission Process
The MBA admissions process for the best MBA colleges in India typically involves several steps, including:
Here’s an overview of the general process:
1. Entrance Exams
Most top MBA colleges in India require candidates to take a standardized entrance exam.
Some of the prominent MBA Entrance exams include:
CAT (Common Admission Test): Conducted by the IIMs.
XAT (Xavier Aptitude Test): Conducted by XLRI Jamshedpur.
CMAT (Common Management Admission Test): Conducted by the National Testing Agency (NTA).
MAT (Management Aptitude Test): Conducted by AIMA.
2. Shortlisting
Based on the entrance exam scores, colleges shortlist candidates for the next round. This shortlisting process may also consider academic records, work experience, and other criteria.
3. Group Discussion (GD) / Written Ability Test (WAT)
Shortlisted candidates are usually required to participate in a Group Discussion or a Written Ability Test. This assesses candidates’ communication skills, critical thinking, and ability to articulate ideas.
4. Personal Interview (PI)
The final step in the selection process is a personal interview. The interview panel typically comprises faculty members, alumni, and industry experts.
The interview evaluates the candidate’s personality, leadership qualities, and suitability for the MBA program.
5. Final Selection
Based on the performance in the entrance exam, GD/WAT, and PI, as well as academic records and work experience, a final merit list is prepared. Successful candidates are then offered admission.
6. Admission Offer and Acceptance
Candidates who receive admission offers must confirm their acceptance by paying the required admission fees and submitting the necessary documents.
Additional Considerations
Reservation Policies: Many top MBA colleges have reservation policies for candidates from certain categories (e.g., SC/ST, OBC, EWS).
International Candidates: Some colleges have specific criteria for international candidates, including scores from exams like GMAT and TOEFL/IELTS.
Examples of Top MBA Colleges and Their Admission Processes
1. Indian Institutes of Management (IIMs)
- Entrance Exam: CAT
- Shortlisting: Based on CAT scores, academic records, and work experience.
- GD/WAT-PI: Conducted by individual IIMs.
- Final Selection: Composite score based on CAT, GD/WAT-PI, and academic profile.
2. St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Entrance Exam: Only personal interview
- Shortlisting: Based on previous Qualifications and PI.
- GD/WAT-PI: Conducted by SAITM.
- Final Selection: Composite score based on GD/WAT-PI, and academic profile.
3. Faculty of Management Studies (FMS), Delhi University
- Entrance Exam: CAT
- Shortlisting: Based on CAT scores.
- GD/WAT-PI: Conducted by FMS.
- Final Selection: Composite score based on CAT, GD/WAT-PI, and academic profile.
Top MBA Colleges in India: Eligibility Criteria
Here’s an overview of the eligibility criteria for top MBA colleges in India:
Common Eligibility Criteria:
Educational Qualification:
A bachelor’s degree from a recognised university.
Minimum aggregate marks (usually 50% for General category and 45% for SC/ST/PWD categories).
Entrance Exam Scores:
Valid scores from national-level exams like CAT, XAT, MAT, or state-level exams.
Work Experience (Preferred but not mandatory):
Some top MBA programs, especially Executive MBA programs, may require relevant work experience.
English Proficiency:
Proficiency in English is required. This is often assessed during the interview process.
Specific Eligibility Criteria for Top MBA Colleges:
1. Indian Institutes of Management (IIMs):
- Educational Qualification: Minimum 50% marks (45% for SC/ST/PWD) in bachelor’s degree.
- Entrance Exam: CAT score.
- Other Criteria: Group Discussion (GD), Personal Interview (PI), and Written Ability Test (WAT).
2. Xavier School of Management (XLRI), Jamshedpur:
- Educational Qualification: Minimum 50% marks in bachelor’s degree.
- Entrance Exam: XAT score.
- Other Criteria: GD, PI, and essay writing.
3. Faculty of Management Studies (FMS), Delhi University:
- Educational Qualification: Bachelor’s degree with at least 50% marks.
- Entrance Exam: CAT score.
- Other Criteria: Extempore speech and PI.
4. St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Educational Qualification: Minimum 50% in bachelor’s degree.
- Entrance Exam: Direct Admission on the basis of personal interview.
- Other Criteria: GD, PI, and essay writing.
Tier 1 MBA Colleges in India – Location Wise
Here is a list of Tier 1 MBA colleges in India, categorized by their locations:
North India
Indian Institute of Management (IIM) Ahmedabad
Location: Ahmedabad, Gujarat
Faculty of Management Studies (FMS)
Location: Delhi
St. Andrews Institute of Technology and Management (SAITM), Gurgaon
Location: Gurgaon, Haryana
Indian Institute of Management (IIM) Lucknow
Location: Lucknow, Uttar Pradesh
South India
Indian Institute of Management (IIM) Bangalore
Location: Bangalore, Karnataka
Indian School of Business (ISB)
Location: Hyderabad, Telangana
Indian Institute of Management (IIM) Kozhikode
Location: Kozhikode, Kerala
TA Pai Management Institute (TAPMI)
Location: Manipal, Karnataka
West India
Indian Institute of Management (IIM) Ahmedabad
Location: Ahmedabad, Gujarat
S. P. Jain Institute of Management and Research (SPJIMR)
Location: Mumbai, Maharashtra
Jamnalal Bajaj Institute of Management Studies (JBIMS)
Location: Mumbai, Maharashtra
East India
Indian Institute of Management (IIM) Calcutta
Location: Kolkata, West Bengal
Xavier School of Management (XLRI)
Location: Jamshedpur, Jharkhand
Indian Institute of Social Welfare and Business Management (IISWBM)
Location: Kolkata, West Bengal
Tier 1 MBA Colleges in India : Placement Wise
Tier 1 MBA colleges in India are known for their excellent placement records.
Here is a list of some of the top ten MBA colleges in India, along with their placement highlights:
1. Indian Institute of Management (IIM) Ahmedabad
Average Salary: ₹27.54 lakhs per annum
Top Recruiters: McKinsey & Company, The Boston Consulting Group, Bain & Company, Goldman Sachs
2. Indian Institute of Management Bangalore (IIMB)
Average Salary: ₹26.18 lakhs per annum
Top Recruiters: Accenture, Amazon, Microsoft, Tata Consultancy Services
3. Indian Institute of Management Calcutta {IIMC}
Average Salary: ₹27.90 lakhs per annum
Top Recruiters: BCG, Bain & Company, Amazon, Microsoft
4. St. Andrews Institute of Technology and Management {SAITM}, Gurgaon
Average Salary: ₹2.6 lakhs per annum
Top Recruiters: JARO Education, SNVA Ventures, Dudhi Industries, Byjus, Cvent, INTELLIPAAT, Hello Study Global Internship, Creditas Solutions, Dyson
5. Indian School of Business (ISB), Hyderabad
Average Salary: ₹28.29 lakhs per annum
Top Recruiters: McKinsey & Company, The Boston Consulting Group, Amazon, Microsoft
6. XLRI – Xavier School of Management, Jamshedpur
Average Salary: ₹25.08 lakhs per annum
Top Recruiters: Deloitte, PwC, Amazon, Microsoft
7. Faculty of Management Studies (FMS), University of Delhi
Average Salary: ₹26.20 lakhs per annum
Top Recruiters: Accenture, Bain & Company, Amazon, Microsoft
8. SP Jain Institute of Management and Research (SPJIMR), Mumbai
Average Salary: ₹25.86 lakhs per annum
Top Recruiters: Deloitte, PwC, Accenture, Tata Consultancy Services
9. Indian Institute of Management Kozhikode (IIMK)
Average Salary: ₹23.08 lakhs per annum
Top Recruiters: Deloitte, PwC, Amazon, Microsoft
Top Private MBA Colleges in India
Here is a detailed overview of the top private MBA colleges in India:
1. Indian School of Business (ISB), Hyderabad
Programs Offered: One-year Post Graduate Programme in Management (PGP), Fellow Programme in Management (FPM), Executive MBA
Highlights:
- Strong global reputation with accreditation from AACSB and EQUIS.
- Collaborations with top international business schools like Wharton, Kellogg, and London Business School.
- Focus on leadership and entrepreneurship.
- Excellent placement records with top companies across industries.
- World-class faculty with a blend of academic and industry experience.
2. XLRI – Xavier School of Management, Jamshedpur
Programs Offered: Two-year PGDM in Business Management, PGDM in Human Resource Management, Executive PGDM, Fellow Programme in Management (FPM)
Highlights:
- Oldest business management school in India, established in 1949.
- Strong emphasis on ethical and value-based education.
- Renowned for its HRM program, consistently ranked among the best in India.
- Excellent industry connections and placement records.
- Diverse and experienced faculty.
3. SP Jain Institute of Management and Research (SPJIMR), Mumbai
Programs Offered: PGDM, Post Graduate Programme in Management (PGPM), Executive MBA, Fellow Programme in Management (FPM)
Highlights:
- Focus on experiential learning and social sensitivity.
- Strong industry interface and robust placement support.
- Global exposure through international tie-ups and exchange programs.
- Ranked among the top 10 business schools in India.
4. St. Andrews Institute of Technology and Management [SAITM], Gurgaon
Programs Offered: MBA
Highlights:
- Emphasis on leadership, innovation, and entrepreneurship.
- Strong industry linkages and excellent placement record.
- Global partnerships with leading universities and business schools.
- Diverse specializations and electives.
5. Great Lakes Institute of Management, Chennai
Programs Offered: PGPM (One Year), PGDM (Two Year), Executive PGPM, Post Graduate Executive Program in Management (PGXPM)
Highlights:
- Known for its one-year PGPM program designed for professionals with experience.
- Focus on holistic development and leadership.
- Strong emphasis on analytics and digital transformation.
- High placement rates with competitive salary packages.
ROI of Top MBA Colleges in India
The Return on Investment (ROI) for MBA colleges in India is a crucial factor for students considering the cost of education against the potential salary and career benefits post-graduation.
Here are some top MBA colleges in India and their ROI based on average salary packages and course fees:
1. Indian Institute of Management Ahmedabad (IIMA)
- Average Salary: ₹27.54 lakhs per annum
- Course Fees: ₹23 lakhs
- ROI: 1.2 times
2. Indian Institute of Management Bangalore {IIMB}
- Average Salary: ₹26.18 lakhs per annum
- Course Fees: ₹23 lakhs
- ROI: 1.1 times
3. Indian Institute of Management Calcutta (IIMC)
- Average Salary: ₹27.90 lakhs per annum
- Course Fees: ₹23 lakhs
- ROI: 1.2 times
4. St. Andrews Institute of Technology and Management (SAITM), Gurgaon:
- Average Salary: ₹25 lakhs per annum
- Course Fees: ₹2.6 lakhs
- ROI: 1.3 times
5. Indian School of Business {ISB}, Hyderabad
- Average Salary: ₹28.29 lakhs per annum
- Course Fees: ₹35.98 lakhs
- ROI: 0.8 times
6. XLRI – Xavier School of Management, Jamshedpur:
- Average Salary: ₹25.08 lakhs per annum
- Course Fees: ₹23.60 lakhs
- ROI: 1.06 times
7. Faculty of Management Studies {FMS}, University of Delhi
- Average Salary: ₹26.20 lakhs per annum
- Course Fees: ₹2 lakhs
- ROI: 13.1 times
8. SP Jain Institute of Management and Research {SPJIMR}, Mumbai
- Average Salary: ₹25.86 lakhs per annum
- Course Fees: ₹20 lakhs
- ROI: 1.3 times
Top MBA Universities in India
In India, several universities are renowned for their top-tier MBA programs, offering excellent education, strong industry connections, and outstanding placement records.
Here are some of the top MBA universities in India:
Indian Institute of Management {IIM} Ahmedabad
Often ranked as the top MBA institution in India, IIM Ahmedabad is known for its rigorous curriculum and exceptional post-graduate program in management.
Indian Institute of Management {IIM} Bangalore
IIM Bangalore excels in providing a comprehensive range of post-graduate and doctoral programs, emphasizing entrepreneurship, sustainability, and business analytics.
Maharishi Dayanand University (MDU), Rohtak
St. Andrews Institute of Technology and Management (SAITM), Gurgaon is affiliated with Maharshi Dayanand University (MDU), Rohtak. MDU is a well-known state university in Haryana, recognized by the University Grants Commission (UGC) and accredited by the National Assessment and Accreditation Council (NAAC). SAITM offers various undergraduate and postgraduate programs in engineering, management, and other disciplines under the affiliation of MDU.
Indian Institute of Management {IIM} Calcutta
Known for its strong focus on finance, IIM Calcutta offers excellent academic programs and is renowned for its research and training in financial and management practices.
Indian School of Business (ISB)
Located in Hyderabad, ISB is famous for its one-year Post Graduate Program in Management which is specially designed for professionals with work experience. It’s known for its strong ties to global corporations and a robust alumni network.
Faculty of Management Studies [FMS], University of Delhi
Offering one of the highest return on investment for MBA programs in India, FMS is known for its rigorous training in management and research, along with a deep focus on theoretical and practical knowledge.
Benefits of Top MBA Colleges in India
Top MBA colleges in India offer several benefits that can significantly enhance your career prospects and personal development.
Here are some key advantages:
1. High-Quality Education
Top management colleges provide a robust curriculum designed to equip students with advanced business knowledge and practical skills. The courses are often updated to reflect the latest trends and demands of the industry.
2. Experienced Faculty
These institutions attract highly qualified and experienced faculty members, including industry experts and academicians with global exposure. This ensures that students receive high-quality education and mentorship.
3. Strong Alumni Network
Graduates from top MBA colleges benefit from an extensive and influential alumni network. This network can provide valuable connections, mentorship opportunities, and job referrals.
4. Excellent Placement Opportunities
Top MBA colleges have strong ties with leading companies and organizations, ensuring excellent placement opportunities. Many reputed firms recruit directly from these campuses, offering competitive salary packages.
5. Global Exposure
Many top MBA programs offer international exchange opportunities, internships, and study tours. This global exposure helps students understand international business practices and build a global network.
6. State-of-the-Art Infrastructure
Top MBA colleges invest heavily in providing state-of-the-art infrastructure, including modern classrooms, well-equipped libraries, advanced research facilities, and comfortable student accommodations.
7. Personal and Professional Development
These colleges offer various extracurricular activities, leadership programs, and soft skills training, which help in the holistic development of students. This prepares them for leadership roles and enhances their personal growth.
8. Research Opportunities
Top institutions often have dedicated research centers and offer numerous opportunities for students to engage in cutting-edge research in various fields of business and management.
9. Higher Return on Investment
Although the fees for top MBA colleges can be high, the return on investment is often substantial due to the high starting salaries and career growth opportunities post-graduation.
10. Entrepreneurial Support
Many top MBA colleges offer robust support for aspiring entrepreneurs, including incubation centers, startup funding, mentorship programs, and access to a network of investors and industry experts.
11. Reputation and Recognition
Graduating from a top MBA college adds significant value to your resume. The reputation and recognition of these institutions can open doors to prestigious job opportunities and career advancements.
12. Diverse Peer Group
Top MBA colleges attract students from diverse backgrounds, including different industries, cultures, and countries. This diversity enriches the learning experience and broadens students’ perspectives.
Top tier 1 MBA Colleges in India with Low Fees
Top Tier 1 MBA colleges in India offering quality education with comparatively low fees include some of the best government institutions. These government MBA colleges provide excellent education, strong faculty, and robust placement opportunities at a more affordable cost. Here are some notable ones:
1. Faculty of Management Studies (FMS), University of Delhi
- Location: New Delhi
- Programs Offered: MBA, Executive MBA, Doctoral Programs
- Fees: Approximately ₹2 lakhs for the entire course
- Highlights:
- Known as the “Red Building of Dreams.”
- Strong placement records with top companies.
- Excellent return on investment (ROI).
2. St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Location: Gurgaon
- Programs Offered: MBA
- Fees: Approximately ₹2.6 lakhs
- Highlights:
- Focus on technology and management integration.
- Strong industry connections and placement records.
3. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Location: Mumbai
- Programs Offered: MMS (equivalent to MBA), Part-time MBA, Doctoral Programs
- Fees: Approximately ₹6-7 lakhs for the entire course
- Highlights:
- Known as the “CEO Factory” due to its successful alumni.
- Strong placement records with top companies.
- Located in the financial hub of India.
4. Tata Institute of Social Sciences (TISS), Mumbai
- Location: Mumbai
- Programs Offered: MA in Human Resource Management and Labour Relations (equivalent to MBA)
- Fees: Approximately ₹2-3 lakhs for the entire course
- Highlights:
- Renowned for its social sciences and HRM programs.
- Focus on social impact and sustainability.
- Strong placement records in HR and related fields.
5. National Institute of Industrial Engineering (NITIE), Mumbai
- Location: Mumbai
- Programs Offered: PGDIM, PGDISEM, PGDIE, Doctoral Programs
- Fees: Approximately ₹14-15 lakhs for the entire course
- Highlights:
- Specializes in industrial engineering and management.
- Strong industry connections and placement records.
- Emphasis on operational excellence and industrial efficiency.
6. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay
- Location: Mumbai
- Programs Offered: MBA, Executive MBA, Doctoral Programs
- Fees: Approximately ₹10-11 lakhs for the entire course
- Highlights:
- Part of the prestigious IIT Bombay.
- Strong focus on technology and management.
- Excellent placement records with high ROI.
7. Indian Institute of Management (IIM) Visakhapatnam
- Location: Visakhapatnam
- Programs Offered: MBA, PGPM, Doctoral Programs
- Fees: Approximately ₹14-15 lakhs for the entire course
- Highlights:
- One of the newer IIMs but with strong faculty and infrastructure.
- Good placement records with growing industry connections.
- Emphasis on comprehensive management education.
8. Indian Institute of Management (IIM) Bodh Gaya
- Location: Bodh Gaya
- Programs Offered: MBA, Doctoral Programs
- Fees: Approximately ₹12-13 lakhs for the entire course
- Highlights:
- Another new IIM with strong potential and support from older IIMs.
- Good placement records and industry interface.
- Focus on holistic management education.
9. Indian Institute of Management (IIM) Amritsar
- Location: Amritsar
- Programs Offered: MBA, Doctoral Programs
- Fees: Approximately ₹13-14 lakhs for the entire course
- Highlights:
- Rapidly growing with strong academic support from IIM Kozhikode.
- Good placement records and industry connections.
- Emphasis on experiential learning and development.
Top tier 1 MBA Colleges Accepting CAT Scores in India
Here are some of the top Tier 1 MBA colleges in India that accept CAT (Common Admission Test) scores:
1. Indian Institutes of Management (IIMs)
IIM Ahmedabad
- Programs Offered: PGP (MBA), PGPX (Executive MBA), FPM (Doctoral Program)
- Highlights: Consistently ranked among the top business schools in India and globally, known for its rigorous academic curriculum and strong placement records.
IIM Bangalore
- Programs Offered: PGP (MBA), EPGP (Executive MBA), FPM (Doctoral Program)
- Highlights: Known for its world-class faculty, excellent infrastructure, and strong industry connections.
IIM Calcutta
- Programs Offered: PGP (MBA), PGPEX (Executive MBA), FPM (Doctoral Program)
- Highlights: Offers a diverse range of programs with strong emphasis on analytics and finance, excellent placement records.
IIM Lucknow
- Programs Offered: PGP (MBA), IPMX (Executive MBA), FPM (Doctoral Program)
- Highlights: Known for its strong academic curriculum and high placement rates, offers a wide range of management programs.
IIM Indore
- Programs Offered: PGP (MBA), EPGP (Executive MBA), FPM (Doctoral Program)
- Highlights: Offers a unique five-year integrated program in management, strong focus on leadership development.
IIM Kozhikode
- Programs Offered: PGP (MBA), EPGP (Executive MBA), FPM (Doctoral Program)
- Highlights: Known for its beautiful campus and strong emphasis on research and academic excellence.
2. Faculty of Management Studies (FMS), University of Delhi
- Location: New Delhi
- Programs Offered: MBA, Executive MBA, Doctoral Programs
- Highlights: Known for its excellent ROI with low fees and high placement packages, strong industry connections.
3. St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Location: Gurgaon
- Programs Offered: MBA
- Highlights: Strong focus on integrating technology and management, excellent placement records.
4. SP Jain Institute of Management and Research {SPJIMR}, Mumbai
- Location: Mumbai
- Programs Offered: PGDM, PGPM (One-Year MBA), Executive MBA, FPM (Doctoral Program)
- Highlights: Known for its value-based education and strong industry interface, excellent placement records.
5. Management Development Institute (MDI), Gurgaon
- Location: Gurgaon
- Programs Offered: PGPM, PGP-HRM, PGP-IM, NMP (Executive MBA), FPM (Doctoral Program)
- Highlights: Strong industry connections, robust placement records, focus on leadership development.
6. Jamnalal Bajaj Institute of Management Studies {JBIMS}, Mumbai
- Location: Mumbai
- Programs Offered: MMS (MBA), Part-time MBA, Doctoral Programs
- Highlights: Known as the “CEO Factory,” strong placement records with top companies, excellent location in the financial hub of India.
7. Indian Institute of Foreign Trade (IIFT), New Delhi and Kolkata
- Programs Offered: MBA in International Business, Executive MBA, Doctoral Programs
- Highlights: Specializes in international business, strong placement records, and global exposure.
8. Xavier School of Management {XLRI}, Jamshedpur
- Location: Jamshedpur
- Programs Offered: PGDM-BM, PGDM-HRM, Executive PGDM, FPM (Doctoral Program)
- Highlights: Renowned for its HRM program, strong industry connections, excellent placement records.
Highest Salary Offered by Top tier 1 MBA Colleges in India
Here are some of the highest salaries offered during the placements at top Tier 1 MBA colleges in India.
1. Indian Institutes of Management {IIMs}
IIM Ahmedabad
- Highest Domestic Salary: Approximately ₹55-60 lakhs per annum
- Highest International Salary: Approximately ₹1.32 crore per annum
IIM Bangalore
- Highest Domestic Salary: Approximately ₹52 lakhs per annum
- Highest International Salary: Approximately ₹1.25 crore per annum
IIM Calcutta
- Highest Domestic Salary: Approximately ₹60 lakhs per annum
- Highest International Salary: Approximately ₹1.2 crore per annum
IIM Lucknow
- Highest Domestic Salary: Approximately ₹58 lakhs per annum
- Highest International Salary: Approximately ₹61.6 lakhs per annum
IIM Indore
- Highest Domestic Salary: Approximately ₹50-55 lakhs per annum
- Highest International Salary: Approximately ₹89.25 lakhs per annum
IIM Kozhikode
- Highest Domestic Salary: Approximately ₹46.88 lakhs per annum
- Highest International Salary: Approximately ₹58.75 lakhs per annum
2. Faculty of Management Studies {FMS}, University of Delhi
- Highest Salary: Approximately ₹58.6 lakhs per annum (Domestic)
3. St. Andrews Institute of Technology and Management {SAITM}, Gurgaon
- Highest Salary: Approximately ₹40 lakhs per annum (Domestic)
4. SP Jain Institute of Management and Research (SPJIMR), Mumbai
- Highest Salary: Approximately ₹51 lakhs per annum (Domestic)
5. Management Development Institute {MDI}, Gurgaon
- Highest Salary: Approximately ₹40-45 lakhs per annum (Domestic)
6. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Highest Salary: Approximately ₹44 lakhs per annum (Domestic)
7. Indian Institute of Foreign Trade {IIFT}, New Delhi and Kolkata
- Highest Salary: Approximately ₹75.6 lakhs per annum (International)
8. Xavier School of Management (XLRI), Jamshedpur
- Highest Salary: Approximately ₹60 lakhs per annum (Domestic)
9. Institute of Management Technology (IMT), Ghaziabad
- Highest Salary: Approximately ₹62 lakhs per annum (Domestic)
10. National Institute of Industrial Engineering (NITIE), Mumbai
- Highest Salary: Approximately ₹49 lakhs per annum (Domestic)
FAQs
Which are tier 1 MBA colleges in India?
Tier 1 MBA colleges in India are known for their academic excellence, strong industry connections, and impressive placement records.
Here are five top-tier MBA colleges in India:
Indian Institute of Management (IIM) Ahmedabad: Known for its rigorous Post Graduate Program in Management (PGP) and a consistent track record of top placements.
Indian Institute of Management (IIM) Bangalore: Offers a variety of management programs with a strong emphasis on entrepreneurship and innovation.
Indian Institute of Management (IIM) Calcutta: Famous for its finance-oriented courses and robust alumni network across global financial sectors.
Indian School of Business (ISB), Hyderabad: Known for its one-year Post Graduate Program in Management that attracts experienced professionals from diverse industries.
Faculty of Management Studies (FMS), University of Delhi: Offers high-quality management education with a focus on providing a high return on investment, noted for its low fees and high placement salaries.
What is Tier 2 MBA colleges in India?
Tier 2 MBA colleges in India are educational institutions that offer good quality management education and are generally considered a notch below the top-tier IIMs and other premier schools.
These colleges still provide robust academic programs, decent placement opportunities, and connections within the industry but might not have the same level of prestige or global recognition as tier 1 institutions.
Examples include the Institute of Management Technology (IMT), Ghaziabad, Symbiosis Institute of Business Management (SIBM), Pune, and St. Andrews Institute of Technology and Management (SAITM), Gurgaon
These schools attract a diverse student body and have commendable faculty, often focusing on specific specializations or regional business relationships.
What are tier 3 MBA colleges in India?
Tier 3 MBA colleges in India typically include regional and lesser-known institutions that offer management education programs. These colleges might not have the same level of recognition or prestige as tier 1 and tier 2 institutions, but they still provide valuable educational opportunities, particularly for students who may prefer a more localized context or have budget constraints.
These institutions often have:
- More affordable tuition fees.
- Smaller class sizes, which can lead to more personalized attention from faculty.
- Localized industry connections that can be beneficial for students looking to work in specific regions.
Examples of such colleges might include smaller private colleges and universities, as well as newer or less recognized business schools.
Graduates from these schools may not have access to the same widespread corporate networks as those from higher-tier institutions but can still achieve successful outcomes through solid education and regional opportunities.
What are tier 1 colleges in India?
Tier 1 colleges in India refer to the top-ranking educational institutions recognized for their academic excellence, high-quality research, outstanding faculty, and significant contributions to the fields they specialize in.
These colleges attract the brightest students from across the country and often have rigorous admission standards. They also tend to have extensive global connections, high placement rates, and strong industry ties.
Here are some examples of Tier 1 colleges in India:
Management:
- Indian Institutes of Management (IIMs) – including IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, Kozhikode.
- Indian School of Business (ISB), Hyderabad.
Which is the No 1 MBA university in India?
The Indian Institute of Management Ahmedabad (IIM Ahmedabad) is often regarded as the number one MBA university in India.
It consistently ranks at the top in various national and international rankings due to its rigorous academic programs, high placement success, and strong faculty.
IIM Ahmedabad is known for its Post Graduate Program in Management (PGP), which is highly esteemed globally.
Which MBA is the best in India?
The best MBA program in India is typically considered to be the Post Graduate Program in Management (PGP) offered by the Indian Institute of Management (IIM) Ahmedabad.
This program is renowned for its rigorous curriculum, excellent faculty, extensive industry connections, and outstanding placement records.
IIM Bangalore and IIM Calcutta also offer top-tier MBA courses that are highly regarded for their quality of education and research, making them some of the best options for pursuing an MBA in India.
Which ranking is best for MBA (Master of Business Administration)?
For evaluating MBA programs to pursue MBA, several well-respected rankings can provide valuable insights. The best ranking for you might depend on which factors are most important to your decision-making process, such as faculty quality, research output, student satisfaction, or post-graduation employment statistics.
Here are some of the most reputable MBA rankings:
- Financial Times Global MBA Ranking
- The Economist Full-Time MBA Ranking
- U.S. News & World Report Best Business Schools Rankings
- QS Global MBA Rankings
- Bloomberg Businessweek Best B-Schools Ranking
What is the top MBA fee?
The fees for top MBA programmes in India, particularly those offered by the Indian Institutes of Management (IIMs), can vary. Many MBA colleges have different fee structures based on the facilities, faculty, and resources they provide.
Here are the fee ranges for some of the most prestigious IIMs:
Indian Institute of Management (IIM) Ahmedabad: The fee for the two-year MBA degree is approximately ₹23 lakh.
Indian Institute of Management (IIM) Bangalore: The fee structure for the two-year program is around ₹23 lakh.
Indian Institute of Management (IIM) Calcutta: The cost for the two-year MBA programme is about ₹27 lakh.
St. Andrews Institute of Technology and Management (SAITM), Gurgaon: For their two-year PGP, the fee is approximately ₹2.6 lakhs.
Write Best MBA colleges in India.
Here are some of the best MBA colleges in India:
- IIMs
- Faculty of Management Studies (FMS), New Delhi
- XLRI Jamshedpur
- St. Andrews Institute of Technology and Management (SAITM), Gurgaon
- Indian School of Business (ISB), Hyderabad
What is NIRF Ranking.
The National Institutional Ranking Framework (NIRF) is an initiative by the Ministry of Education, Government of India, launched in 2015 to rank higher education institutions in India.
It evaluates institutions based on parameters such as Teaching, Learning, and Resources (TLR); Research and Professional Practice (RP); Graduation Outcomes (GO); Outreach and Inclusivity (OI); and Perception (PR).
These rankings help promote competitive excellence and provide transparency and accountability in assessing institutional performance.
NIRF rankings are published annually, aiding students and parents in making informed decisions about higher education.
