As per the latest NIRF 2025 Management Ranking, IIM Ahmedabad, IIM Bangalore, and IIM Kozhikode are the top MBA colleges in India due to their best academic excellence, good placement records and research outputs. With over 3000+ MBA colleges in India, choosing the best MBA colleges in India should depend on your career goals, entrance exam score and placement records.
This post presents the Top MBA colleges in India, breaking down in terms of rankings, fees, placement and ROI to help you make the right decision.
List of 10 Top MBA Colleges in India
Based on the tables below:
- FMS Delhi has the best ROI as the minimal fees are around ₹2.32L, but placement packages are around ₹34 LPA.
- IIM Bangalore, Calcutta, and Ahmedabad maintain the highest placement averages in the range of ₹34-36 LPA.
- ISB Hyderabad charges the highest fee of around ₹39.5, matching IIMs in placement records of around ₹34 LPA.
| Institute Name | Tests Accepted | Fees (₹ in Lakhs) | Average Final Placement (₹ in LPA) |
|---|---|---|---|
| FMS | CAT | 2.32 | 34.1 |
| IIM Ahmedabad | CAT | 26.5 | 34.45 |
| IIM Bangalore | CAT | 26 | 35.92 |
| IIM Calcutta | CAT | 31 | 35.07 |
| IIM Indore | CAT | 21.17 | 25.68 |
| IIM Kozhikode | CAT | 23.5 | 28.05 |
| IIM Lucknow | CAT | 20.75 | 30 |
| ISB Hyderabad | GMAT, GRE | 39.51 | 34.21 |
| SPJIMR Mumbai | CAT, GMAT | 22.5 | 33 |
| XLRI Jamshedpur | XAT | 31.59 | 31.08 |
Read More: How to Manage Sectional Time in CAT 2025
Top MBA Colleges in India: Fees and Placement Overview
From FMS Delhi’s affordable MBA fees to ISB Hyderabad’s placement records, the list showcases how top B-schools balance the ROI of students.
| Institute Name | Tests Accepted | Fees (₹ in Lakhs) | Average Placement (₹ in LPA) |
|---|---|---|---|
| FMS, Delhi | CAT | 2.32 | 34.1 |
| IIM Ahmedabad | CAT | 26.5 | 34.45 |
| IIM Bangalore | CAT | 26 | 35.92 |
| IIM Calcutta | CAT | 31 | 35.07 |
| IIM Indore | CAT | 21.17 | 25.68 |
| IIM Kozhikode | CAT | 23.5 | 28.05 |
| IIM Lucknow | CAT | 20.75 | 30 |
| ISB Hyderabad | GMAT, GRE | 39.51 | 34.21 |
| SPJIMR Mumbai | CAT, GMAT | 22.5 | 33 |
| XLRI Jamshedpur | XAT | 31.59 | 31.08 |
| IIM Kozhikode | CAT | 20.5 | 28.05 |
| Indian Institute of Foreign Trade | CAT | 21.87 | 27.3 |
| IIM Madras | CAT | 21 | 33.84 |
| IIM Shillong | CAT | 26.18 | 26.1 |
| SJMSOM IIT Bombay | CAT | 15.15 | 28.01 |
| JBIMS Mumbai | CET, CAT, CMAT, MAT, ATMA | 6 | 26.12 |
| MDI Gurgaon | CAT, GMAT | 28.16 | 26.2 |
| TISS Mumbai (HRM) | CAT | 2.07 | 26.31 |
| TISS Mumbai (Other MBA) | CAT | 8.49 | 24.6 |
| IIM Mumbai - OSCM | CAT | 21 | - |
| IIM Mumbai - SM | CAT | 21 | - |
| DMS IISc Bangalore | CAT, GMAT | 5.42 | 26.8 |
| IIM Ahmedabad (A3 Category) | CAT | 25 | 20.11 |
| IIM Indore (A3 Category) | CAT | 18.42 | 25 |
| IIM Lucknow (A3 Category) | CAT | 20.75 | 20.37 |
Top MBA Colleges in India That Don’t Require CAT
Several students are under the impression that CAT is the only gateway to the Top MBA colleges in India, but this is not the case. A few well-known institutions like ISB, XLRI, SPJIMR, and TISS allow students to apply through different entrance exam scores.
Here's a snapshot of the most significant MBA institutions that do not require CAT scores. These universities take GMAT, XAT, NMAT, CMAT, MICAT, and CET tests as valid for admission.
| College | Entrance Exam |
|---|---|
| XLRI Jamshedpur | XAT |
| SPJIMR Mumbai | GMAT, SPJET |
| NMIMS Mumbai | NMAT |
| SIBM Pune | SNAP |
| Indian School of Business (ISB) Hyderabad | GMAT |
| Indian Institute of Foreign Trade (IIFT) | IIFT Entrance Exam, GMAT |
| TISS Mumbai | TISSNET |
| IMT Ghaziabad | CAT, XAT, GMAT |
| MICA Ahmedabad | MICAT |
| Great Lakes Institute of Management, Chennai | GMAT, XAT |
| Jamia Millia Islamia | JMI Entrance Test |
| Amity University | XAT, GMAT, MAT, NMAT |
Top MBA Colleges in India with Low Fee Structure
Among the most affordable MBA programs in India, FMS Delhi, JBIMS Mumbai, and TISS Mumbai are the ones that still provide a good ROI, although they are much cheaper than the premium private institutions. Additionally, admission to government-funded colleges, such as SIMSREE Mumbai, DFS Delhi, and different IITs, along with a few state universities, ensures quality education and good placement at low fees.
| Institute | Fees (In Lac) | Placement (Avg. in LPA) |
| FMS, Delhi | 2.32 | 34.1 |
| Jamnalal Bajaj Institute of Management Studies | 6 | 26.12 |
| SIMREE, Mumbai | 4.38 | 15.19 |
| Department of Management Sciences, Savitribai Phule Pune University | 4.4 | 11.23 |
| TISS, Mumbai (HRM & LR) | 2.07 | 26.31 |
| IIT Madras | 10 – 17 | 18.00 |
Key Parameters for Evaluating the Top MBA Colleges in India
- Placement Performance: Measures the average LPA offered from different companies for final and summer placements.
- Return on Investment: Takes the whole program expense, including accommodation costs, into account, and compares it to the placement package you will get once you get selected by any company.
- Entrance Cutoffs: Show the academic quality and competitiveness of the new students.
- Brand and Legacy: Do check the B-school’s name, successful alumni, and acceptance in the business world.
- Expert and Alumni Feedback: The opinions of the guides and ex-students are considered in determining the overall trustworthiness.
Selecting the top MBA colleges in India just according to rankings isn’t enough; it has to be as per the education quality, financial capabilities and preferred admission test. Regardless of whether you are going for CAT, XAT, GMAT, NMAT, or others, many of the best B-schools ensure great placements through their quality programs. Explore all possibilities and make the choice that would be the greatest support to your career.
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