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

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Swatantra Khandelwal

Content Writer at Collegedunia | Updated 3+ months ago

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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] : 548 answered questions

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Ques. Is it worthwhile doing an MBA in UPES Dehradun?

● Top Answer By Akriti Banerjee on 03 Aug 23

Ans. Every B-school has its unique strengths and so does UPES Dehradun which is famous for its domain-specific MBA. If you are willing to pursue an MBA in oil and gas, power management, or energy trading, choosing UPES Dehradun will be the right decision. It offers a plethora of opportunities in these domains and the ROI is also great. There are some industry-specific courses too but their placements are just average. The best part about UPES is the diversity of the crowd. You will get the chance to interact with people from various backgrounds such as law, management, engineering, and design thus enhancing the learning experience manifolds.  Ultimately, I will suggest you go for UPES Dehradun only if you are planning to pursue a domain-specific MBA, else you can go for better B Schools.Read more
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Ques. Should I go to IBS Hyderabad (ICFAI) for an MBA? Why or why not?

● Top Answer By Harshita Sinha on 30 Apr 22

Ans. IBS Hyderabad isn’t a good option for MBA. The placement record of the institute isn’t good. You won’t get a good ROI. The course fee for an MBA at IBS Hyderabad is INR 16.02 lakhs. While the average CTC offered to the students according to IBS Hyderabad placement highlights for 2022 is INR 7.97 LPA.  The student intake is huge. Batch strength for MBA is 1300. So, students don’t get equal opportunities in terms of academics and placements. Read more
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Ques. I joined SBI as a PO in 2015 and currently a scale 2 officer. Is it wise to leave SBI for an MBA from NMIMS Mumbai, SIBM Pune or MDI Gurgaon? Also, I do not want to continue in SBI.

● Top Answer By Rahul Pandey on 17 Aug 20

Ans. Since you do not want to continue with SBI due to whatever reasons, so it would be a better option to follow what you want to and don’t continue in your job. Now, you have three options to choose what you want to do:- You can resign your current job and search for a job in a private bank. This option might not be a feasible one as the entry-level pay at SBI is much more lucrative than other banks. Your experience might not be valued in case you do not have much of it. You can go for an MBA from NMIMS Mumbai, SIBM Pune, or MDI Gurgaon. In this case, your experience will be valued during the placement process and you will be an eligible contender for middle management jobs in private banks and you may also explore new fields like corporate finance or trade finance. The other option is to wait for two more years of experience and pursue a one-year MBA provided you are ready to continue in SBI for two more years. Furthermore, there are other factors as well like GMAT score you get after two years.Read more
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Ques. What is MBA salary in India?

● Top Answer By Disha Sinha on 27 May 22

Ans. MBA salary of a B-Schol graduate in India is proportional to their qualification and experience. It also depends on other factors like Almameter of the candidate, MBA specialization, industry, designation, etc. The MBA average salary for the topmost B-School in the country is as follows. Name of the institute  MBA salary(in INR) IIM Ahmedabad  26.13 LPA IIM Bangalore  33.8 LPA IIM Calcutta 26.24 LPA IIM Lucknow 26 LPA FMS Delhi  32.4 LPA XLRI Jamshedpur 30.73 LPA MDI Gurgaon 26.07 LPA SPJIMR Mumbai 23.6 LPA  IIFT Delhi  25.16 LPA.  MBA salary depends a lot on specialization as well. Among the specialization, Marketing and Finance offers better placements. Read more
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Ques. How good is KJ Somaiya (SIMSR) for doing an MBA in India?

● Top Answer By Aditya Shah on 25 Apr 22

Ans. As a B-School, KJ Somaiya has certain factors which are advantageous, such as location, ROI, alumni base. Since Mumbai is the corporate hub of India, the college easily attracts many companies. SIMSR has a huge alumni base with people working at imminent positions in the corporate world.  However, it doesn’t come under the top B-Schools in India. SIMSR brand doesn’t have much recognition. Although it attracts many companies, the placement average isn’t at the same level as top B-Schools. KJ Somaiya placements 2022 had an average CTC of INR 10.95 LPA. Read more
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Ques. Is NMIMS a good college for an MBA?

● Top Answer By Akriti Gupta on 12 Sept 23

Ans. Yes, NMIMS is considered to be the MBA college in Mumbai city and its MBA program is highly regarded among aspirants. Here are a few pros and cons of the institute that might help you  Pros The college is well-known for its state-of-the-art infrastructure. The classrooms have all modern facilities and the library too is well-stocked. Its location gives it leverage in establishing healthy industrial relations. The parity of the faculty cannot be doubted as they deliver excellent lectures. The academics are much more than just bookish language as students are made to solve Case-based studies. The food served in the canteen is quite good. Students get the chance to participate in lots of competitions and earn well, or get PPI. Cons : NMIMS fees are exorbitantly high. The first-year fee is INR 11.95 Lakhs. You also need to consider the expenses of living in Mumbai. Hostel faculties for only limited students  A few faculties have no interest in teaching.  The placement stats are inflated and thus misleading.  The MBA batch of NMIMS has a huge batch of around 600 students affecting the quality of education. There is a huge gap between the administration and the students.  Easy entrance exam affects the quality of the crowd. So, NMIMS was once a great B School but the increasing batch size has affected its reputation largely. You can go for colleges with a smaller batch size and similar fees to get better job opportunities.Read more
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Ques. I completed my BBA two years back and now I have 2 years of work experience. I did a distant PGDM from NMIMS. If I clear the CAT this year, should I go for a regular MBA?

● Top Answer By Varsha Roy on 27 Jun 21

Ans. Since you already have a work experience of 2 years you should go for an executive program from a reputed institute rather than doing any regular program. You should never hold your career because of continuing with a regular MBA program rather than you should choose an executive program. For the executive program, you can choose a 1-year global MBA degree in collaboration with 3 B schools. They are Cardiff School of Management, UK, IIM-Indore, and Universal Business School, Mumbai. In this program, you will be able to learn from these big institutions, especially IIM’s. You will also be getting good global exposure. The curriculum of the college will be the British curriculum and all these programs will develop your skills and will help you in your career development. The executive program of IBS Hyderabad is also very good. There are several other institutes offering executive MBA programs where you can research and choose the best option.Read more
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Ques. How is the NMIMS distance learning program in MBA?

● Top Answer By Namrata Das on 22 Jul 22

Ans. NMIMS Global MBA program is better than other distance MBA programs available. The course is designed as per the requirements of working professionals. Students get the required support from the university and the centers.  They have student portals and Whatsapp groups to keep students updated regarding course-related information. The year-wise examination is taken in an online mode at students’ convenience.Read more
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Ques. Which is best course in MBA?

● Top Answer By Advait Joshi on 15 May 23

Ans. There are numerous top MBA programs around the world, and the program best suited for you depends on your personal and professional goals, as well as your budget and other factors. Some of the most highly ranked MBA programs include: Harvard Business School MBA program Stanford Graduate School of Business MBA program Wharton School at the University of Pennsylvania MBA program Kellogg School of Management at Northwestern University MBA program University of Chicago Booth School of Business MBA program MIT Sloan School of Management MBA program Columbia Business School MBA program INSEAD MBA program (based in France, Singapore, and Abu Dhabi) London Business School MBA program Yale School of Management MBA program All the above MBA programs are consistently ranked among the top MBA programs in the world by various rankings organizations, such as the Financial Times, Forbes, and Businessweek.Read more
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Ques. How is NMIMS Mumbai for an MBA?

● Top Answer By Ankita Sinha on 31 May 22

Ans. NMIMS Mumbai offers a good MBA program. It has a brilliant faculty base. Most of the faculty members are well-experienced and cooperative. If you are interested, you can research under any professor of your choice. It follows the Harvard case studies. You can learn and participate in the case study competitions.  NMIMS Mumbai placements 2022 had an average CTC of INR 19.40 LPA. While the highest CTC offered by the institute was INR 24.84 LPA. Located in the finance capital of the country, it also offers good exposure to students. Read more
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