Best MBA Colleges: in India, with Fees, Placement Wise, Ranking Wise

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Swatantra Khandelwal

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Best MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta among IIMs and IIT Delhi, IIT Kharagpur, and IIT Madras among IITs. There are around 4500 other government and private MBA colleges that are among the best MBA colleges according to the NIRF ranking.

IIM Ahmedabad out of all the IIMs in India has been ranked as the best MBA college in India by NIRF Ranking and Outlook Ranking to pursue the MBA Course. The Outlook ranking survey and NIRF have ranked IIM Bangalore as the second-best MBA college in India. In the QS global rankings report of 2023, IIM Ahmedabad secured the 44th rank, followed by IIM Bangalore (Rank 50) and IIM Calcutta (Rank 68) in the list of top MBA colleges globally. Indian School of Business was also included in this list at 78th spot.

Best MBA colleges in India offer MBA courses in part-time, full-time, distance, and online modes, as well as various MBA specializations such as marketing, finance, human resources, information technology, and many more. To get MBA Admission to the best MBA college, you need to have a high merit score in graduation, as well as a CAT score of 99%. Performance in MBA GD/PI rounds also plays a crucial role in deciding your admission to the best MBA colleges.

Table of Contents
  1. Best MBA Colleges in India: NIRF Ranking 2024
  2. Top MBA Recruiters in India
  3. Best MBA Colleges: Tier 1 MBA Colleges in India
  4. Best MBA Colleges: Tier 2 MBA Colleges in India
  5. Best MBA Colleges: Tier 3 MBA Colleges in India
  6. Best MBA College: How to Select the Best B School?

    6.1 MBA College Ranking

    6.2 Course Curriculum, Teaching Methods, and Faculty

    6.3 MBA Placements

    6.4 MBA Internships

    6.5 MBA Fees and Cost of Living

    6.6 MBA College Acceptance Rate

  7. Best MBA Colleges in India as per Entrance Exams

    7.1 Best MBA Colleges in India Accepting CAT Scores

    7.2 Best MBA Colleges in India Through MAT

    7.3 Best MBA Colleges in India Through CMAT

    7.4 Best MBA Colleges in India Through XAT

  8. Top Public B-Schools In India as per Outlook India Ranking 2025
  9. Best MBA Colleges In Delhi
  10. Best MBA Colleges in Mumbai
  11. Best MBA Colleges in India: FAQs

Best MBA Colleges in India: NIRF Ranking 2024

MBA fees vary from INR 5 lakh to 20 lakh in most colleges. The variable fee is due to multiple factors like College Type, i.e., whether the institute is Government or Private. MBA Placements also impact the MBA course fee.

The 15 Top MBA Colleges as ranked by NIRF Management Rankings are listed below.

Top MBA Recruiters in India

Aditya Birla Group Ultra Tech
Accenture Infosys
HSBC Hindustan Unilever Limited
Deloitte Myntra
Wipro Yes Bank
Udaan Uber
Swiggy Infosys
Amazon Kotak

Best MBA Colleges: Tier 1 MBA Colleges in India

With an acceptance rate of less than 2%, tier 1 colleges offering MBA courses form the best B-schools in the country.

  • They are usually ranked in the top 15 colleges and students get placed with the mean salary going as high as INR 35 LPA.
  • Some of the recruiters who visit Tier-1 MBA colleges are McKinsey, Goldman Sachs, Bank Of India, Merryl Lynch, and so on.
NIRF Ranking 2024 Institutes Fees (INR) Average Package (INR)
1 IIM Ahmedabad 26.5 Lakhs 34.36 LPA
2 IIM Bangalore 26 Lakhs 35.92 LPA
3 IIM Kozhikode 20.5 Lakhs 28.05 LPA
4 IIT Delhi 13.24 Lakhs 25.82 LPA
5 IIM Calcutta 27 Lakhs 35.07 LPA
6 IIM Mumbai (NITIE) 21 Lakhs 33.84 LPA (For top 50%)
7 IIM Lucknow 20.75 Lakhs 30 LPA
8 IIM Indore 20.63 Lakhs 25.68 LPA
9 Xavier Labour Relations Institute (XLRI) 28.6 Lakhs 29.89 LPA
10 IIT Bombay 8.48 Lakhs 23.5 LPA
11 MDI Gurugram 29.58 Lakhs 25.5 LPA
12 IIM Rohtak 20.15 Lakhs 19.27 LPA
13 Symbiosis Institute of Business Management, Pune 25.1 Lakhs 28.16 LPA
14 IIM Raipur 20.3 Lakhs 19.7 LPA
15 Indian Institute of Foreign Trade, New Delhi 21.92 Lakhs 29.1 LPA

Best MBA Colleges: Tier 2 MBA Colleges in India

Tier 2 MBA colleges are ranked in the top 50 and are a good option after the tier 1 colleges.

  • You can fetch a minimum of INR 12-17 LPA by studying in a Tier 2 college.
  • Along with well-equipped infrastructure, the colleges have a decent faculty and placement cell.
Institute Annual Tuition Fees (in INR) Average Salary Offered (in INR)
Department of Management Studies, IISc Bangalore 2,56,000 10.2 LPA
Department of Management Studies IIT Madras 4,00,000 11 LPA
NMIMS Mumbai 9,25,000 17.58 LPA
Symbiosis Centre for Management and Human Resource Development, Pune (SCMHRD) 9,40,000 16.61 LPA
Symbiosis Pune (SIBM) 9,60,000 20.14 LPA
IIT Roorkee 4,21,000 14.727 LPA
IIM Rohtak 4,95,000 13.70 LPA
IIM Raipur 7,27,000 15.2 LPA
BITS Pilani 4,24,000 9.17 LPA
Banaras Hindu University 1,21,000 7.2 LPA

Best MBA Colleges: Tier 3 MBA Colleges in India

The colleges tabulated below come under the tier 3 colleges. Read the table below to learn about the tuition fees and the salary offered.

Institute Annual Tuition Fees (in INR) Average Salary Offered (in INR)
GIM Goa 8,18,325 16.62 LPA
IIM Nagpur 7,42,000 12.40 LPA
IIM Amritsar 6,00,000 12.61 LPA
IIM Visakhapatnam 10,70,000 13.08 LPA
IRMA Anand 5,83,400 10.74 LPA
Welingkar Institute of Management, Mumbai (We-B) 5,50,000 9 LPA
MICA Ahmedabad 10,00,000 12.80 LPA

Best MBA College: How to Select the Best B School?

The following are the parameters that one should consider while selecting the best B School:

MBA College Ranking

  • A stable rank and different accreditations earned such as AICTE, NAAC, UGC, and so on reflect a good reputation and the credibility of the institution.
  • Rankings based on specialization are also taken into consideration while judging a B-school.
  • While IIM Ahmedabad, IIM Bangalore, and IIM Calcutta are good for marketing management, Narsee Monjee and XLRI are known for their Specialization in Finance.

Course Curriculum, Teaching Methods, and Faculty

  • The selection can be done based on the pedagogy too, i.e., the teaching method that the institution follows.
  • There are 4 most important paedagogies involved in MBA, namely, lectures, case studies, experiential learning, and simulation.
  • Case studies form a productive method of teaching in the field of management.

MBA Placements

  • With the huge tuition fee paid, a student expects a high and satisfactory ROI during MBA Placements.
  • Therefore, the placement record of the institution is one of the most important parameters to judge it.
  • You can make a judgment by digging into the top recruiters, average salary, highest salary earned, etc.
  • For instance, XLRI is ranked 1 in terms of ROI with the average salary recorded as INR 22,35,000. In IIM Calcutta more than 350 companies visited last year.

MBA Internships

  • If the curriculum includes MBA Internships, then it is considered a good factor when selecting the best MBA college.
  • This is because continuous interaction with industry experts who are already in the field makes learning more efficacious.
  • Hence, you should always research the industrial workshops arranged during your study.

MBA Fees and Cost of Living

  • Right from the MBA entrance exam to the admissions and tuition fees, students have to pay hefty amounts during the entire course.
  • There are a lot of merit-based scholarships available for MBA candidates.
  • For instance, the MBA Fee for IIM Calcutta is approximately INR 27,00,000 a year but there are several scholarships available for deserving candidates such as B.P. Poddar Scholarship, India Carbon Scholarship, and so on.

MBA College Acceptance Rate

  • The acceptance rate is inversely proportional to how ‘exclusive’ the college is.
  • The lower acceptance rate signifies that the institution is looking for a quality set of students.
  • While the acceptance rate of the top-tier colleges can be even less than 2%, the acceptance rates of Tier 2 and Tier 3 colleges are a bit more relaxed.

Best MBA Colleges in India as per Entrance Exams

Different colleges accept different MBA entrance exams. Some of the top MBA entrance exams are CAT, MAT, XAT etc.

Best MBA Colleges in India Accepting CAT Scores

CAT is the most popular entrance exam in India for MBA courses. The CAT Cut-Off for top MBA colleges in India is around 98-99 percentile.

Some of the top MBA colleges in India accepting CAT scores are:

  • Indian Institutes of Management (IIMs)
  • Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs)
  • FMS Delhi
  • MDI Gurgaon
  • SPJIMR Mumbai
  • IMT Ghaziabad

Best MBA Colleges in India Through MAT

MAT is conducted by AIMA (All India Management Association) for admission to the top B Schools in India.

The exam consists of 200 MCQs and the syllabus includes Data Analysis & Sufficiency, Language Comprehension, Intelligence & Critical Reasoning, Mathematical Skills, and Indian & Global Environment sections.

Some of the top MBA colleges in India accepting MAT scores are:

  • IIM Rohtak
  • Christ University, Bangalore
  • Department of Management Studies, IIT Madras
  • BIT Mesra Ranchi

Best MBA Colleges in India Through CMAT

CMAT is one of the national-level MBA exams, conducted by the National Testing Agency (NTA), which also conducts JEE Main and NEET exams. The paper is divided into 4 sections namely, Quantitative Techniques and Data Interpretation, Language Comprehension, Logical Reasoning, and General Awareness.

Some of the top MBA Colleges in India Accepting CMAT scores are:

  • SJMSOM, IIT Bombay
  • Great Lakes Institute of Management, Chennai
  • GIM North Goa
  • XIME Bangalore

Best MBA Colleges in India Through XAT

Accepted in more than 700 B-schools, the XAT or Xavier Aptitude Test is conducted by XLRI Jamshedpur every year on the behalf of Xavier Association of Management Institutes. XAT 2025 was conducted on January 5, 2025.

Some of the top MBA Colleges in India Accepting XAT scores are:

  • IIM Lucknow
  • XLRI Jamshedpur
  • DoMS, IIT Madras
  • Great Lakes Institute of Management, Chennai

Top Public B-Schools In India as per Outlook India Ranking 2025

The following is a list of the 25 public business schools in India that have made the cut for Outlook-ICARE Rankings for India's Best B-Schools 2025.

Here is the table based on the rank and institute name:

Outlook India Ranking 2025 Institute Name
1 Indian Institute of Management (IIM) Ahmedabad
2 Indian Institute of Management (IIM) Bangalore
3 Indian Institute of Management (IIM) Calcutta
4 Indian Institute of Management (IIM) Lucknow
5 Indian Institute of Management (IIM) Indore
6 Indian Institute of Management (IIM) Shillong
7 Indian Institute of Management (IIM) Ranchi
8 Indian Institute of Management (IIM) Raipur
9 Indian Institute of Management (IIM) Udaipur
10 Jamnalal Bajaj Institute of Management Studies Mumbai
11 Pondicherry University Kalapet
12 Faculty of Management Studies, University of Delhi New Delhi
13 Indian Institute of Management (IIM) Amritsar
14 Anna University Chennai
15 Indian Institute of Management (IIM) Sambalpur
16 Guru Gobind Singh Indraprastha University New Delhi
17 Institute of Insurance and Risk Management Hyderabad
18 Gujarat University Ahmedabad
19 National Institute of Agricultural Extension Management (MANAGE) Hyderabad
20 Indian Institute of Management (IIM) Nagpur
21 Maharaja Sayajirao University of Baroda Vadodara
22 Indian Institute of Social Welfare and Business Management (IISWBM) Kolkata
23 Atal Bihari Vajpayee Indian Institute of Information Technology and Management Gwalior
24 Netaji Subhas University of Technology New Delhi
25 University of Madras Chennai

Best MBA Colleges In Delhi

The table below mentions some of Delhi MBA colleges as per NIRF ranking, including IIT Delhi, MDI Gurgaon, and many more.

College Name NIRF Management Ranking 2024
Indian Institute of Technology Delhi 4
Indian Institute of Foreign Trade 15
Jamia Millia Islamia 25
International Management Institute 40
Fore School of Management 53
Guru Gobind Singh Indraprastha University 65
Jamia Hamdard 78
Jagan Institute of Management Studies Technical Campus 87
New Delhi Institute Of Management 88

Best MBA Colleges in Mumbai

Top MBA Colleges in Mumbai offer different management courses such as MBA and PGDM. The table enlists the best MBA colleges in Mumbai, as per NIRF Management rankings.

College Name NIRF Management Ranking 2024
National Institute of Industrial Engineering (IIM Mumbai) 6
IIT Bombay 10
S P Jain Institute of Management and Research 20
SVKM`s Narsee Monjee Institute of Management Studies 21
K. J. Somaiya Institute of Management Studies & Research 63
Principal L N Welingkar Institute of Management Development and Research (PGDM) 84

Best MBA Colleges in India: FAQs

Ques. What are the top MBA colleges in India for 2025?

Ans. The top MBA colleges in India for 2025 include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, and the Indian School of Business (ISB). These institutions consistently rank highly in both national and international rankings, reflecting their academic excellence and placement opportunities.

Ques. What is the fee structure for the best MBA colleges in India?

Ans. The fee structure varies significantly among top MBA colleges. For instance, IIM Ahmedabad charges approximately INR 35 lakhs, while IIM Bangalore's fees are around INR 40 lakhs. ISB typically charges about INR 39 lakhs for its one-year program. It's essential to consider both tuition fees and additional costs when planning your budget.

Ques. How do placement statistics compare among top MBA colleges in India?

Ans. Placement statistics show that IIM Ahmedabad and IIM Bangalore offer some of the highest average salary packages, often exceeding INR 32 lakhs per annum. Other institutes like ISB also report strong placement figures, with many graduates securing positions in leading companies such as Amazon, Deloitte, and Accenture.

Ques. What are the key factors influencing the rankings of MBA colleges in India?

Ans. MBA college rankings are influenced by various factors including academic reputation, employability rates, faculty qualifications, and research output. The National Institutional Ranking Framework (NIRF) and QS Global Rankings consider these parameters to evaluate institutions.

Ques. Are there any new entrants among the top MBA colleges in India for 2025?

Ans. Yes, several institutions have made their debut in recent rankings. For example, IIM Kozhikode has recently been recognized in the QS Global MBA Rankings 2025, indicating a growing recognition of its programs.

Ques. What entrance exams are accepted by top MBA colleges in India?

Ans. Most top MBA colleges accept scores from national entrance exams such as CAT, XAT, and CMAT. Some institutes may also consider scores from exams like NMAT, MAT, and state-level tests, depending on their admission criteria.

Ques. How important is the return on investment (ROI) when choosing an MBA college?

Ans. ROI is a crucial factor for many students when selecting an MBA college. Institutions like IIM Ahmedabad boast a high ROI due to their strong placement records relative to their fees, making them attractive options for prospective students looking to maximize their career returns.

Master of Business Administration [MBA] : 554 answered questions

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Ques. Mba cutoff for 2025 admission and which entrance is accepted?

● Top Answer By Vinima Bhola on 25 Jun 25

Ans. MBA admission at NIT Rourkela Factor Details Entrance Exams CAT, MAT, CMAT, XAT Eligibility Bachelor’s degree, 50% aggregate (45% SC/ST) Selection Entrance score + GD + PI + academics CAT Cutoff (2025 expected) 70 percentile (General), 60 percentile (SC/ST/PwD) Selection Process For MBA  Entrance Exam CAT, XAT, MAT, etc. (cutoff varies by institute) Shortlisting Based on exam scores, academics, work experience GD/WAT Group Discussion / Written Ability Test Personal Interview Assesses personality, motivation, and fit Final Selection Composite score (exam+GD+PI+academics+experience); offer letter to top scorersRead more
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Ques. I had done diploma after 12th then did b.tech of 3 years ...am I eligible for IIT Kharagpur mba program?

● Top Answer By Vinima Bhola on 23 Jun 25

Ans. If you merely have a three-year B.Tech degree following a diploma, you are not qualified for the IIT Kharagpur MBA programme .  According to the eligibility requirements, you must hold a qualifying master's degree or a standard 4-year B.Tech degree (after 12th grade). Eligibility requirements for MBA: Qualification Eligibility for IIT Kharagpur MBA (VGSoM) Reason/Explanation Diploma after 12th + 3-year B.Tech Not Eligible Requires a 4-year B.Tech or a qualifying master’s degree Regular 4-year B.Tech after 12th Eligible Meets the minimum duration requirement Master’s degree in Science/Economics/Commerce (with stats/math bachelor’s) Eligible Meets the alternative degree requirement Other bachelor’s degrees (e.g., BBA, BSc, BA, BCom) without a master’s Not Eligible Only engineering/tech/pharmacy (4-year) or qualifying master’s degrees are accepted If you just have a three-year B.Tech degree after receiving a diploma, you are not qualified for the IIT Kharagpur MBA programme.  According to the eligibility requirements, you must hold a qualifying master's degree or a standard 4-year B.Tech degree (after 12th grade).Read more
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Ques. How can I get admission in mba ?

● Top Answer By Vinima Bhola on 23 Jun 25

Ans. Admission in MBA in GITAM Vizag Step Details Eligibility Bachelor’s degree, 50% marks, final year students eligible Entrance Exams GBAT, CAT, MAT, NMAT, CMAT, SNAP, AP ICET, TG ICET Application Online via the GITAM portal Selection Entrance exam score + personal interview Admission Merit-based, final offer after interview Fee Structure (2025) Visakhapatnam Campus: 1st Year:  4,18,300 2nd Year:  4,26,600Read more
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Ques. What is the mat cut-off in Reva University and it's good for MBA?

● Top Answer By Vinima Bhola on 20 Jun 25

Ans. In the past few years, including 2023 and 2024, the MAT (Management Aptitude Test) cut-off for MBA admissions at Reva University in Bangalore has continuously been in the 60 % for all MBA specialisations and postgraduate programmes for the General category. Reva University is recognized as a private university in Bangalore with a range of MBA specializations. The university accepts scores from national-level entrance exams like MAT , CAT, CMAT, which makes it accessible to a wide pool of candidates. MBA specializations Finance Marketing International Business Operations Management Human Resource, and others. However, its reputation and placement outcomes may not be as strong as some of the top-tier B-schools in India.Read more
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Ques. How are the placements for Master of Business Administration [MBA] at EPGI, Bangalore?

● Top Answer By Ashok Kumar reddy on 19 Aug 24

Ans. We got 2nd second on words getting placements. In my college highest package is 400000 lakhs per annaum. They are taking minimum percentage of 65 to 99 percentage offering. I have plan for after degree to start a new business in our village or my town for framing to help.Read more
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Ques. What is the admission process at Master of Business Administration [MBA] EPGI, Bangalore?

● Top Answer By Ashok Kumar reddy on 19 Aug 24

Ans. I have went so many colleges v it t they told that we have to waiting for college sets and we have return a pgcet exams for free seet but I didn't get seat in any colleges because of low rank. yes I have went for Nagarjuna college but they given for admission to me of 30000 for two years and last finally they told that we don't have 300000 rupees seets on Bengaluru north university. For me they told that we have less seets for joining for MBA they told 450000 for two years but we have convened and I got 400000 for two years. Exam fee is for one student is 4500 rupess. For cultural activities 1000 rupess they will collect.Read more
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Ques. What is the fees for Master of Business Administration [MBA] in EPGI, Bangalore?

● Top Answer By Ashok Kumar reddy on 19 Aug 24

Ans. I have paid 1st year two lakhs and second year two lakhs I have paid. My caste category is general that's why I didn't get schloorships. My native is Andhra Pradesh their I will get scholarship on my caste. My friend got scholarship minimum of 30000 per year. I don't no exact scholarship which the government give scholarship. My tusion fee is 2500 and caution fee is 47000. we don't have lab fee. We have exam fee for 1 semester 4500. They will take SC, ST category for management sets also.Read more
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Ques. How is the course curriculum of Master of Business Administration [MBA] in EPGI, Bangalore?

● Top Answer By Ashok Kumar reddy on 19 Aug 24

Ans. I have taken in degree bachelor of commerce and I have choosen in master of business administrators in this courses. I have giving one suggestion for improving in my college teaching only we don't have good faculty for us. The time they will give 1 month they will give for preparations for exams.Read more
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Ques. How are the placements for Post Graduate Diploma in Management [PGDM] at MICA?

● Top Answer By Dhairya Goel on 07 Feb 24

Ans. The college establishes 100% Summer and Final placements every year. Leading companies visit campus and recruit students regularly. Roles revolve around marketing and related functions. There are ample opportunities for every student, and after joining the college, one should be assured of getting a job.Read more
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Ques. How is the course curriculum of Post Graduate Diploma in Management [PGDM] in MICA?

● Top Answer By Dhairya Goel on 07 Feb 24

Ans. The course is hectic, with a curriculum filled with subjects of varied fields. First-year holds generic courses, while the second year provides an opportunity to choose majors in the field of brand management/ media/ data science. The college holds a good faculty: student ratio with multiple visiting and permanent faculties. Faculties are majorly Ph.D. holders and industry professionals with vast experience of working in various industries. Exams happen regularly with mid-sem and end-sem examinations. A thorough knowledge of the subjects is required to pass the exams.Read more
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