Best Indian colleges for MBA
Master of Business Administration or MBA is one of the most popular graduate programs in India and abroad. The two-year MBA program acts as a gateway to a host of career and business opportunities. This course provides knowledge related to business administration and business operations management. Students of any background, including science, business, and humanities, can earn an MBA. Therefore, this article is all about the best Indian colleges for MBA.
Such students should also possess skills such as excellent communication, leadership, problem solving, management, inquiry orientation, analytical thinking, an eye for detail, goal orientation and ability to work under pressure, strong mathematical skills, etc. MBA is the most popular among all and includes theory classes, practical projects and internships. Both recent graduates and candidates with a few years of work experience opt for a full-time MBA.
India is home to some of the top Indian colleges for MBA, such as the Indian Institute of Management (IIM), Ahmedabad; Indian Institute of Management (IIM), Bangalore; Indian Institute of Management (IIM Calcutta), Kolkata; Indian Institute of Management (IIM), Lucknow; Indian Institute of Technology (IIT), Kharagpur; Indian Institute of Management (IIM), Kozhikode; Indian Institute of Management (IIM), Indore; Department of Management Studies (DMS) IIT Delhi, Delhi; XLRI Xavier School of Management, Jamshedpur; Management Development Institute (MDI), Gurgaon, etc. MBA in India can be a good option for applicants looking for an affordable fee structure with a high return on investment.
In India, an MBA degree is offered in various specializations. Some of the most prominent are the following:
- General Administration
- Marketing
- Operations manager
- Health analysis
- Event management and public relations
- Marketing
- Financial management
- Marketing
- Finance and Marketing
- Industrial engineering
There are approximately 5200 MBA colleges in India offering the course in a full-time, part-time, distance and online mode of study. These universities offer degree, diploma and certificate courses. Out of these, the top 20 MBA universities in India ranked by NIRF offer degree courses in a full-time mode of study.
Eligibility criteria for MBA
The eligibility criteria for the MBA course may differ from one university to another. However, the basic eligibility criteria for taking an MBA are as follows:
Candidates must have passed graduation in any discipline or equivalent from a recognized university as the basic eligibility criteria for MBA (full-time). Most institutes follow the minimum score criteria at graduation, which is 50% on average or equivalent. Some of the universities also offer a 5 percent relaxation to students in the reserved categories. Candidates for senior year graduation are also eligible to apply for MBA, provided they present proof of completion of the graduation degree within the duration specified by the institute.
In addition to merit-based admission, many top-notch MBA universities in India also accept national and state level entrance exam scores including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc. for MBA admissions.
Although there are many MBA universities in India, there are some of the best that have been listed by NIRF. Below is a list of Top 10 MBA Universities in India ranked by NIRF:
|
College Name |
NIRF’20 Ranking |
|
IIM Ahmedabad |
1 |
|
IIM Bangalore |
2 |
|
IIM Calcutta |
3 |
|
IIM Lucknow |
4 |
|
IIT Kharagpur |
5 |
|
IIM Kozhikode |
6 |
|
IIM Indore |
7 |
|
Department of Management Studies (DMS) IIT Delhi, Delh |
8 |
|
XLRI Xavier School of Management, Jamshedpur |
9 |
|
MDI, Gurgaon |
10 |
Following is the list of top 10 MBA colleges in India ranked by Outlook:
|
College Name |
Outlook’20 Ranking |
|
IIM Bangalore |
1 |
|
IIM Ahmedabad |
2 |
|
IIM Calcutta |
3 |
|
IIM Indore |
4 |
|
IIM Lucknow |
5 |
|
XLRI Xavier School of Management, Jamshedpur |
6 |
|
MDI Gurgaon |
7 |
|
IIM Kozhikod |
8 |
|
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai |
9 |
|
IIM Trichy |
10 |
Following is the list of top 10best Indian colleges for MBAranked by Times:
|
College Name |
Times’20 Ranking |
|
IIM Shillong |
1 |
|
IIM Raipur |
2 |
|
IIM Udaipur |
3 |
|
IMT Ghaziabad |
4 |
|
KJ Somaiya Institute of Management, Mumbai |
5 |
|
MDI Gurgaon |
6 |
|
Amity Business School, Noida |
7 |
|
IIM Kashipur |
8 |
|
IIT Kharagpur |
9 |
|
Symbiosis Institute of Business Management (SIBM), Pune |
10 |
Here is the list of some of the top privatebest Indian colleges for MBA:
|
Private Colleges |
Course Fee (in Rs) |
|
XLRI Xavier School of Management, Jamshedpur |
23,60,000 |
|
MDI Gurgaon |
18,48,000 |
|
SPJIMR, Mumbai |
17,50,000 |
Here is the list of some of the top publicbest Indian colleges for MBA:
|
Public Colleges |
Course Fee (in Rs) |
|
IIM Ahmedabad |
23,00,000 |
|
IIM Bangalore |
18,70,000 |
|
IIM Calcutta |
10,00,000 |
|
IIM Lucknow |
5,96,000 |
|
IIT Kharagpur |
9,26,700 |
What are the study options after MBA?
MBA graduates can choose from multiple courses to pursue higher education or certification. The popular courses are mentioned below:
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM) Exam
- Certified Information Systems Auditor (CISA
- Certification in Risk Management Assurance (CRMA)
- Certified in Production and Inventory Management (CPIM)
- Project Management Professional (PMP)
- Second MBA from an international business school
MBA Placement Trends
- Finance Manager
- Marketing Manager
- Sales Manager
- Human Resources Manager
- Operations Manage
- Product Manager
- Data Analytics Manager
- Digital Marketing Manager
- Advertising Sales Manager
- NGO Manager
Graduates from below top 9 MBA colleges in India get a median salary of Rs 10-20 LPA:
- Department of Management Studies (DoMS IIT Madras)
- IIM Udaipur
- IIM Trichy
- IIM Raipur
- IIM Ranchi
- DMS IIT Delh
- IIM Kozhikode
- IIM Indore
- IIT Kharagpur
Graduates from below 5 top MBA colleges in India fetch a median salary of Rs 20-30 LPA:
- Shailesh J. Mehta School of Management (SJMSOM IIT Bombay
- IIM Lucknow
- IIM Bangalore
- IIM Ahmedabad
- IIM Calcutta
Graduates from below top 2 MBA colleges in India bag a median salary of more than Rs 10 LPA:
- Indian Institute of Technology (IIT Roorkee)
- IIT Kanpur
Top Recruiters for MBA Graduates
MBA graduates of all domains are in high demand. All organizations, large or small, private or government, hire MBA holders in various capacities. Below is the list of some of the top companies in India hiring MBA postgraduates along with their placement qualifications:
|
Colleges |
Location ratings (based on reviews) |
Top recruiters |
|
IIM Bangalore |
4.8 |
3M, AT Kearney, Abbot, Accenture, Acura, Adani Group, Aditya Birla Group, Amazon.com, American Express, Arthur D Little, Arvind Brands, Asian Paints, Askmebazaar.com, AVIVA, Axis Bank, Barclays Capital, Biocon, Capital Uno, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Google, HDFC Bank, Heinz, Hindustan Unilever, HSBC, Hyundai, IBM, ICICI, ITC, JP Morgan Chase, McKinsey, Morgan Stanley, Nerolac, Nomura, Philips India, Practo, Urban applause. |
|
IIM Calcutta |
4.7 |
Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank |
|
IIM Ahmedabad |
4.6 |
A T Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser |
|
IIM Lucknow |
4.6 |
Aditya Birla Group, American Express, Asian Paints, Axis Bank, Bank of America, Cadbury, CITI Bank, CITI Financial, Coca-Cola, Colgate Palmolive, Dabur, ebay, Genpact, Godrej, Hewitt, Hewlett Packard, HSBC, HT Media, IBM, ICICI, Inductis, Infosys, McKinsey, Microsoft, Nestle, NSE, SAP, Yahoo |
|
IIT Kharagpur |
4.5 |
Accenture, American Express, BCG, Bosch Ltd, Capital One, Deloitte, Deutsche Bank, EXL Services, Facebook, Ford Motors, Goldman Sachs, IBM, Kepler Canon, KPMG, LinkedIn, Microsoft, Morgan Stanley, PWC, Samsung, UBS, VISA, ZS Associates |
How affordable is studying MBA in India?
About 50% of MBA colleges have a fee structure ranging from Rs 1-2 Lakhs. Some of these universities are:
- IIT Kanpur
- DMS IIT Delhi
- IIM Lucknow
- IIT Roorkee
- National Institute of Industrial Engineering (NITIE Mumbai)
- DoMS IIT Madra
- SJMSOM IIT Bombay
- IIM Kozhikode
- IIT Kharagpur
- IIM Calcutta
About 31% of MBA colleges have a fee structure ranging from Rs 10-20 Lakhs. Some of these universities are:
- IIM Udaipur
- IIM Raipur
- IIM Ranchi
- IIM Indore
- IIM Bangalore
About 6% of MBA universities have a fee structure of more than Rs 20 lakh. Some of these universities are:
- IIM Ahmedabad
Top Private Management Colleges in India with Best ROI (Return on Investment) in 2020
|
COLLEGE NAME |
AVERAGE ANNUAL FEE |
AVERAGE SALARY PACKAGE |
ROI RANK |
|
XLRI Jamshedpur |
INR 4,26,000 |
INR 22,35,000 |
1 |
|
SIBM Pune |
INR 5,90,000 |
INR 17,48,000 |
2 |
|
SPJIMR Mumbai |
INR 9,30,000 |
INR 22,90,000 |
3 |
|
MDI Gurgaon |
INR 9,43,000 |
INR 20,13,000 |
4 |
|
Lovely Professional University [LPU] |
INR 2,90,000 |
INR 6,00,000 |
5 |
|
IMT Ghaziabad |
INR 10,35,000 |
INR 12,50,000 |
6 |
|
SIBM Bangalore |
INR 8,20,000 |
INR 9,79,000 |
7 |
|
ISB Hyderabad |
INR 34,63,000 |
INR 25,06,000 |
8 |
|
Great Lakes Chennai |
INR 16,00,000 |
INR 11,00,000 |
9 |
Top Management Colleges in India: Region Wise
There is a long list of top management universities in India.
- Maharashtra emerges as the largest player with 837 universities.
- Other popular destinations to pursue management education in India include Tamil Nadu, Uttar Pradesh, and Delhi NCR.
Top Management Colleges in Maharashtra
|
COLLEGE NAME |
TOTAL MBA FEES |
|
IIT Bombay |
INR 1,00,000 |
|
SP Jain Mumbai |
INR 17,50,000 |
|
JBIMS Mumbai |
INR 1,00,000 |
|
Symbiosis Pune |
INR 19,20,000 |
|
NarseeMonjee Mumbai |
INR 18,50,000 |
|
NITIE Mumbai |
INR 12,00,000 |
|
WESCHOOL Mumbai |
INR 22,00,000 |
|
IMED Pune |
INR 4,50,000 |
|
KJ Somaiya Mumbai |
INR 14,34,000 |
|
IMT Nagpur |
INR 12,10,000 |
|
SIMSREE Mumbai |
INR 1,38,000 |
|
BIMM Pune |
INR 8,90,000 |
|
SIES COMS Mumbai |
INR 9,00,000 |
|
PIBM Pune |
INR 15,90,000 |
|
BIMHRD Pune |
INR 8,90,000 |
Top Management Colleges in Delhi NCR
|
COLLEGE NAME |
TOTAL MBA FEES |
|
IIT Delhi |
INR 9,60,000 |
|
MDI Gurgaon |
INR 18,80,000 |
|
IIM Rohtak |
INR 16,70,000 |
|
IMI New Delhi |
INR 16,33,000 |
|
IIFT New Delhi |
INR 15,20,000 |
|
JamiaMilliaIslamia, New Delhi |
INR 1,30,000 |
|
Department of Commerce, New Delhi |
INR 31,400 |
|
FMS New Delhi |
INR 1,92,000 |
|
FORE School of Management, New Delhi |
INR 15,98,000 |
|
Amity Global Business School, Noida |
INR 7,80,000 |
|
IMT Nagpur |
INR 20,70,000 |
|
Amity University, Noida |
INR 6,80,000 |
|
BIMTECH Greater Noida |
INR 12,50,000 |
|
Jaipuria Institute of Management, Noida |
INR 9,90,000 |
|
Indraprastha University, New Delhi |
INR 1,40,000 |
Top Management Colleges in India: Entrance Exam Wise
Management colleges in India accept different exams for different courses. For MBA, top exams include AIMA UGAT and IPU CET, whereas, for MBA, top exams include, CAT. MAT, and CMAT. Categorized below are some of these best colleges according to entrance exam score they accept.
|
COLLEGE NAME |
BBA FEES |
|
ICFAI Foundation for Higher Education, Hyderabad |
INR 7,80,000 |
|
KIIT School of Management, Bhubaneswar |
INR 8,40,000 |
|
ICFAI Business School, Hyderabad |
INR 7,80,000 |
|
GITAM Institute of Management, Visakhapatnam |
INR 6,00,000 |
|
OP Jindal Global Business School, Sonepat |
INR 12,00,000 |
|
IMS Kolkata |
INR 2,73,000 |
|
SRM University, Sonepat |
INR 4,68,000 |
|
Shobhit University, Meerut |
INR 1,68,000 |
|
GLS University, Ahmedabad |
INR 1,38,000 |
|
NDIM New Delhi |
INR 1,08,000 |
Top Management Colleges in India Accepting CAT
|
COLLEGE NAME |
CAT CUTOFF 2020 |
|
IIM Ahmedabad |
90 |
|
IIM Bangalore |
99 |
|
IIM Calcutta |
99 |
|
IIM Lucknow |
97 |
|
IIM Indore |
97 |
|
IIM Kozhikode |
97 |
|
IIT Madras |
85 |
|
IIT Delhi |
90 |
|
IIT Bombay |
90 |
|
IIT Roorkee |
95 |
Top Management Colleges in India Accepting MAT
|
COLLEGE NAME |
MAT CUTOFF 2020 |
|
JIMS New Delhi |
63 |
|
IIHMR University, Jaipur |
67 |
|
SRM Chennai |
67 |
|
KIIT Bhubaneswar |
80 |
|
Alliance University, Bangalore |
67 |
|
VIT Vellore |
80 |
|
UPES Dehradun |
87 |
|
BIMTECH Greater Noida |
70 |
|
BIT Mesra, Ranchi |
43 |
|
Jaipuria Institute of Management, Noida |
67 |
Top Management Colleges in India for MBA Finance
|
COLLEGE NAME |
AVERAGE FEES |
|
IIM Bangalore |
INR 23,15,000 |
|
IIM Calcutta |
INR 27,00,000 |
|
IIM Indore |
INR 15,70,000 |
|
IIT Kharagpur |
INR 10,40,000 |
|
XLRI Jamshedpur |
INR 15,00,000 |
|
IIT Bombay |
INR 10,00,000 |
|
IIT Roorkee |
INR 8,20,000 |
|
SP Jain Mumbai |
INR 17,50,000 |
|
Great Lakes Chennai |
INR 16,00,000 |
|
IIM Raipur |
INR 14,50,000 |
Top Management Colleges in India for MBA in Marketing
|
COLLEGE NAME |
AVERAGE FEES |
|
IIM Bangalore |
INR 23,15,000 |
|
IIM Calcutta |
INR 27,00,000 |
|
IIM Indore |
INR 15,70,000 |
|
IIT Bombay |
INR 10,00,000 |
|
FMS Delhi |
INR 1,92,000 |
|
ISB Hyderabad |
INR 37,50,000 |
|
IIM Trichy |
INR 18,30,000 |
|
IIT Madras |
INR 8,00,000 |
|
NarseeMonjee Mumbai |
INR 18,50,000 |
|
Symbiosis Pune |
INR 19,20,000 |
Top MBA Colleges in India: Frequently Asked Questions
Q.1.What changes has IIM Indore made to the CAT 2020 exam pattern?
Answer. IIM Indore has released a new press release on September 16. According to this, CAT 2020 will only be for 2 hours, instead of 3. Each section will have 40 minutes and candidates will not be able to change sections. Tutorials related to the updated exam pattern will be available from October 2020.
Q.2.What changes can students make to the CAT application form this year?
Answer. IIM Indore has opened the form correction window for the CAT 2020 application form until 5:00 p.m. September 29. The IIM Council allows students to make 3 changes:
- Firm
- Photography
- Test city preferences
Any changes other than these will not be entertaining.
Q.3. What are the best management universities in India?
Answer. IIMs and IITs are the best universities for MBA in India. The best IIMs include IIM Ahmedabad, IIM Bangalore, IIM Lucknow, IIM Calcutta, and IIM Kozhikode. Among the IITs, the best names include IIT Bombay, IIT Madras, IIT Delhi and IIT Kanpur. Also, government universities like FMS Delhi and NITIE Mumbai, and private B schools like SP Jain Mumbai, NarseeMonjee, XLRI Jamshedpur and MDI Gurgaon also offer a good education.
For BBA, the best universities in India are SSCBS (ShaheedSukhdev Singh College of Business Studies), New Delhi, NMIMS Mumbai, and Chandigarh University.
Q.4. Which University is Best for MBA in Finance in India?
Answer. MBA Finance is one of the leading MBA specializations in India. It is offered by more than 2000 MBA universities in India. Some of the best universities in India for MBA Finance are IIM Kozhikode, SP Jain Mumbai, IIFT New Delhi and MDI Gurgaon.
Q.5. Why is MBA so expensive?
Answer. MBA is one of the most popular courses and the basic eligibility criterion is also not too difficult. Students from any stream can pursue this course. In addition to this, also MBA offers the most lucrative career options to students. The package offered after completing MBA is one of the highest in India. Also, there is a huge demand for the course, thus making it one of the most expensive courses.