List of Top 20 MBA Colleges in India Based on 2023 Ranking

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Sushil Pandey Senior Content Specialist

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The top MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, IIT Delhi, XLRI Jamshedpur, etc, per NIRF ranking 2023. There are 719 Government and 4104 Private MBA colleges in India. MBA Admissions are based on MBA entrance exams such as CAT, GMAT, SNAP, GRE, XAT, and MAT, followed by a GD/ PI round.

  • IIM Ahmedabad, IIM Bangalore, and IIM Kozhikode are the best Management colleges in India. They are ranked 1, 2, and 3, per NIRF Ranking 2023.
  • IIM Kozhikode improved its ranking, moving up to rank 3 in 2023 from rank 5 in 2022.
  • IIM Calcutta's rank dropped to 4 in 2023 from 3 in 2022.
  • The Banaras Hindu University charges the lowest tuition fee among universities in India, which amounts to INR 10,228.
  • FMS Delhi offers the highest placement package of INR 1.23 CPA, while IIM Calcutta has the highest package of INR 1.15 CPA among the top IIMs in India.

MBA Eligibility

The basic MBA Eligibility criteria are mentioned below:

  • Students must complete their graduation in any stream from a recognized university in order to study MBA courses. Learn MoreDistance MBA Eligibility
  • They must have a minimum of 50% in graduation in order to study MBA Courses. Top institutes like IIMs and IITs ask for 60% in graduation. Learn More: Online MBA Eligibility
  • Students belonging to reserved categories like OBC, SC, and ST get a 5% relaxation in the percentage asked in some colleges for MBA courses. Check: Executive MBA Eligibility
  • Students in the Final year of their graduation are eligible to apply. They must provide proof of their completion of graduation within the date specified by the college.

MBA Admission 2024

If you wish to pursue an MBA program, it is essential that you appear for the entrance exams conducted at national and state levels. The admission process for the 2023-25 batch has already commenced. You can access the application form on the official website of the college that you wish to enroll in.

Candidates can sit for one or multiple MBA Entrance Exams to apply for MBA Admission. Some of the popular MBA Admission exams include CAT, XAT, GMAT, SNAP, CMAT, ATMA, NMAT, TANCET, IIFT, MAT, MAH-CET, TISS NET, KMAT, etc. Read MoreDetailed MBA Entrance Exam Syllabus

Check the sections below for a detailed MBA entrance exams schedule along with the registration and exam dates followed by their syllabus to apply for MBA Admission in India.

Top 20 MBA Colleges in India with NIRF Ranking 2023

NIRF, which stands for National Institutional Ranking Framework, is a trusted ranking agency under the Ministry of Education in India. It is responsible for ranking the best educational institutions based on a government-adopted methodology. The institutions are ranked based on five significant parameters, each carrying a different weightage, which is used to evaluate and rate an institute for its ranking. Check the Top NIRF Ranked MBA Colleges in India

Top 20 MBA Colleges in India with NIRF Ranking

The following table shows the top 20 MBA colleges in India according to their NIRF Ranking for 2023.

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Top 20 MBA colleges in India: FAQs

Ques. Which is the No. 1 college for MBA in India?

Ans. IIM Ahmedabad is the best MBA college in India, per NIRF ranking for the year 2023.

Ques. Which college has the best placement for an MBA in India?

Ans. FMS Delhi offers the highest placement package of INR 1.23 CPA, while IIM Calcutta has the highest package of INR 1.15 CPA among the top IIMs in India.

Ques. Which is the No. 1 IIM in India?

Ans. IIM Ahmedabad is the No. 1 IIM in India and is ranked 1st among the top MBA colleges in India.

Ques. What are the Top Distance MBA Colleges in India?

Ans. IGNOU Delhi and ICFAI Foundation for Higher Education, Hyderabad are the Top Distance MBA Colleges in India.

Ques. What is the admission Process into the Top MBA colleges in India?

Ans. MBA admissions into the top MBA colleges in India are done through CAT, MAT, XAT, etc scores followed by a GD/ PI round.

Ques. Which IIM fees are less?

Ans. MBA fees for full-time MBA/ PGDM programs typically range from Rs. 16.10 lakhs to Rs. 27 lakhs. However, newer IIMs such as IIM Trichy and IIM Sirmaur have comparatively lower fees.

Ques. What are the Top MBA Colleges in India Accepting MAT Scores?

Ans. JIMS New Delhi and IIHMR University Jaipur are some of the Top MBA Colleges in India Accepting MAT Scores.

Ques. Does IIM accept CMAT scores?

Ans. No, IIM does not accept CMAT scores. MBA/ PGDM admissions into IIM are offered through CAT scores.

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