You have decided to pursue an MBA in India. That part is clear. What is not clear is where. When you ask around, people mention the IIMs, maybe ISB, maybe XLRI. The usual suspects. But India has over 6,000 business schools, and that number is not helpful. Most aspirants do not need more options. They need a cleaner way to evaluate them.
This guide lists the top 100 MBA colleges in India with the information that actually matters: location, fees, average salary, entrance exams, and program types. The rankings are based on NIRF (National Institutional Ranking Framework), set by India’s Ministry of Human Resource Development, which evaluates schools on teaching resources, research, graduate outcomes, inclusivity, and perception. It is standardized and transparent — the government benchmark.
100 schools is too many to shortlist on your own
A free profile evaluation tells you which programs on this list you are genuinely competitive for, based on your GMAT score, work experience, and goals.
Top 5 MBA Colleges in India: Quick Answer
Complete List: Top 100 MBA Colleges in India with Fees and Salaries
Note: ISB is an independent, non-degree granting institution that does not fit the NIRF regulatory framework and therefore does not appear on the NIRF list. It is ranked #1 in India and #27 globally by the Financial Times.
| Rank | College | Location | Type | Program | Fee (₹) | Avg Salary (₹) |
|---|---|---|---|---|---|---|
| 1 | IIM Ahmedabad | Ahmedabad | Public | PGP / PGPX | 27.5L / 35–37L | 35.22L / 35.68L |
| 2 | IIM Bangalore | Bengaluru | Public | PGP / EPGP | 26L / 33.71L | 34.88L / 35.5L |
| 3 | IIM Kozhikode | Kozhikode | Public | PGP | 26.17L | 28.18L |
| 4 | IIT Delhi (DMS) | New Delhi | Public | MBA | 12.4L | 24.45L |
| 5 | IIM Lucknow | Lucknow | Public | PGP | 22L | 32.3L |
| 6 | IIM Mumbai (fmr. NITIE) | Mumbai | Public | MBA | 25L | 29.44L |
| 7 | IIM Calcutta | Kolkata | Public | PGP / PGPEx | 27L / 42L | 34.23L / 32.68L |
| 8 | IIM Indore | Indore | Public | PGP | 20.11L | 29.57L |
| 9 | MDI Gurgaon | Gurugram | Private | PGPM | 18.5L | 25.6L |
| 10 | XLRI Jamshedpur | Jamshedpur | Private | PGDM | 28.6L | 31.08L |
| 11 | Symbiosis Institute of Business Management | Pune | Private | MBA | 24.2L | 26–28L |
| 12 | IIT Kharagpur | Kharagpur | Public | MBA | 11.6L | 17.21L |
| 13 | IIT Madras | Chennai | Public | MBA | 8L | 12.44L |
| 14 | IIT Bombay | Mumbai | Public | MBA | 10.08L | 20.8L |
| 15 | IIM Raipur | Raipur | Public | PGP | 14.2L | 15.2L |
| 16 | IIM Tiruchirappalli | Tiruchirappalli | Public | PGPM | 16.5L | 12L |
| 17 | IIFT New Delhi | New Delhi | Public | MBA | 15.2L | 20.48L |
| 18 | IIM Ranchi | Ranchi | Public | PGDM | 15L | 15.11L |
| 19 | IIM Rohtak | Rohtak | Public | PGP | 15.2L | 11.85L |
| 20 | SP Jain Institute of Management and Research | Mumbai | Private | PGDM | 15.74L | 26.36L |
| 21 | IIM Udaipur | Udaipur | Public | MBA | 5.35L | 13.2L |
| 22 | IIT Roorkee | Roorkee | Public | MBA | 5.06L | 10.12L |
| 23 | IIM Kashipur | Kashipur | Public | MBA | 14.75L | 12.19L |
| 24 | NMIMS Mumbai | Mumbai | Private | MBA | 14.5L | 17.79L |
| 25 | IIM Nagpur | Nagpur | Public | PGP | 11.5L | 13.21L |
| 26 | Amrita Vishwa Vidyapeetham | Coimbatore | Private | MBA | 12–13.6L | 7–9L |
| 27 | IIT Kanpur | Kanpur | Public | MBA | 9L | 12.77L |
| 28 | Jamia Millia Islamia | New Delhi | Public | Exec. MBA | 47K | 6L |
| 29 | IIM Visakhapatnam | Visakhapatnam | Public | PGP | 10.5L | 13.08L |
| 30 | IMT Ghaziabad | Ghaziabad | Private | PGDM | 17.5L | 13.7L |
| 31 | IIM Bodh Gaya | Gaya | Public | PGP | 11L | 11.02L |
| 32 | Chandigarh University | Mohali | Private | MBA | 5–8L | 8–12L |
| 33 | MICA Ahmedabad | Ahmedabad | Private | PGDM | 26–28L | 19–20L |
| 34 | IIM Sambalpur | Sambalpur | Public | PGP | 13.03L | 10.87L |
| 35 | IIM Jammu | Jammu | Public | MBA | 14.82L | 10.8L |
| 36 | UPES Dehradun | Dehradun | Private | MBA | 14.2L | 5.02L |
| 37 | Great Lakes Institute of Management | Chennai | Private | PGPM | 17.15L | 12.1L |
| 38 | IIM Shillong | Shillong | Public | PGP | 14.6L | 18.76L |
| 39 | T.A. Pai Management Institute (TAPMI) | Manipal | Private | PGDM | 15.1L | 11.1L |
| 40 | IMI Delhi | New Delhi | Private | PGDM | 18.35L | 13.11L |
| 41 | Jaipuria Institute of Management (Noida) | Noida | Private | PGDM | 10.45L | 6.49L |
| 42 | IMI Kolkata | Kolkata | Private | PGDM | 12.4L | 7.1L |
| 43 | Goa Institute of Management (GIM) | Goa | Private | PGDM | 14.98L | 11.3L |
| 44 | Lovely Professional University | Phagwara | Private | MBA | 2.8L | 7L |
| 45 | XIM University (Xavier University Bhubaneswar) | Bhubaneswar | Private | Exec. MBA | 19.7L | 14.6L |
| 46 | Thapar Institute of Engineering and Technology | Patiala | Private | MBA | 8.28L | 6.5L |
| 47 | ICFAI Foundation for Higher Education | Hyderabad | Private | Exec. MBA | 7.02L | 7.32L |
| 48 | IIT (ISM) Dhanbad | Dhanbad | Public | MBA | 3.45L | 10L |
| 49 | Amity University | Gautam Budh Nagar | Private | MBA | 8.8L | 4.5L |
| 50 | Great Lakes Institute of Management (Gurgaon) | Gurgaon | Private | PGPM | 18.81L | 15–22L |
| 51 | IIM Sirmaur | Sirmaur | Public | MBA | 11.75L | 11.28L |
| 52 | Graphic Era University | Dehradun | Private | MBA | 9–12.9L | 6–8L |
| 53 | Nirma University | Ahmedabad | Private | MBA | 9.52L | 8.7L |
| 54 | IRMA Anand | Anand | Private | MBA / PGDM | 10.1L | 10.04L |
| 55 | Loyola Institute of Business Administration | Chennai | Private | PGDM | 2.2L | 10L |
| 56 | SRM Institute of Science and Technology | Chennai | Private | MBA | 7.5L | 4–7L |
| 57 | NIT Tiruchirappalli | Tiruchirappalli | Public | MBA | 1.9L | 6.9L |
| 58 | Christ University | Bengaluru | Private | MBA | 11.4L | 8–10L |
| 59 | FORE School of Management | New Delhi | Private | PGDM | 15.98L | 10.6L |
| 60 | Banaras Hindu University | Varanasi | Public | MBA | 98.8K | 7.5L |
| 61 | BIMTECH Greater Noida | Greater Noida | Private | PGDM | 9L | 8.24L |
| 62 | Malaviya NIT Jaipur | Jaipur | Public | MBA | 3.17L | 4.8L |
| 63 | Saveetha Institute | Chennai | Private | MBA | 7L | 4.5L |
| 64 | IIM Amritsar | Amritsar | Public | MBA | 12L | 17.86L |
| 65 | K.J. Somaiya Institute of Management | Mumbai | Private | MBA | 16.29L | 10.08L |
| 66 | Siksha O Anusandhan | Bhubaneswar | Private | MBA | 11L | 6–8L |
| 67 | Jaipuria Institute of Management Lucknow | Lucknow | Private | MBA / PGDM | 10.45L | 6.49L |
| 68 | KIIT Bhubaneswar | Bhubaneswar | Private | MBA | 13.6L | 7.33L |
| 69 | Aligarh Muslim University | Aligarh | Public | MBA | 2.96L | 4.5L |
| 70 | KL University | Vaddeswaram | Private | MBA | 5.2L | 3.6L |
| 71 | Alliance University | Bengaluru | Private | MBA | 7.6L | 13.5L |
| 72 | IMT Hyderabad | Hyderabad | Private | PGDM | 14L | 7.64L |
| 73 | Jain University | Bengaluru | Private | MBA | 13.3L | 10.8L |
| 74 | Jaipuria Institute of Management Jaipur | Jaipur | Private | PGDM | 15.25L | 7–9L |
| 75 | Prin. L.N. Welingkar Institute | Mumbai | Private | PGDM | 11.04L | 8.79L |
| 76 | GGSIPU New Delhi | New Delhi | Public | MBA | 56K | 4L |
| 77 | BML Munjal University | Gurgaon | Private | Exec. MBA | 14.5L | 8.75L |
| 78 | Chitkara University | Rajpura | Private | MBA | 5.6L | 8L |
| 79 | Babasaheb Bhimrao Ambedkar University | Lucknow | Public | MBA | 1.95L | 6L |
| 80 | Thiagarajar School of Management | Madurai | Private | MBA | 8L | 5.81L |
| 81 | Manipal University Jaipur | Jaipur | Private | MBA | 12L | 8–10L |
| 82 | Cochin University of Science and Technology | Cochin | Public | MBA | 1.12–2.8L | 4.7–9.1L |
| 83 | MMMUT Gorakhpur | Gorakhpur | Public | MBA | 2.4L | 5–7L |
| 84 | PSG College of Technology | Coimbatore | Private | MBA | 1.04L | 4L |
| 85 | NIT Calicut | Kozhikode | Public | MBA | 4.3L | 7–9L |
| 86 | New Delhi Institute of Management | New Delhi | Private | PGDM | 9.7L | 7.45–8.5L |
| 87 | Jamia Hamdard | New Delhi | Public | MBA | 3–5L | 5.5L |
| 88 | Anna University | Chennai | Public | MBA | 82K | 4.71L |
| 89 | Pandit Deendayal Energy University | Gandhinagar | Private | MBA | 8.23L | 6.5L |
| 90 | JIMS Delhi | Delhi | Private | PGDM | 8L | 6.5L |
| 91 | Rajagiri Business School | Cochin | Private | MBA | 6L | 4.5L |
| 92 | Panjab University | Chandigarh | Public | MBA | 5L | 9.44L |
| 93 | ABV-IIITM Gwalior | Gwalior | Public | MBA | 3.38L | 8–8.25L |
| td>IMI Bhubaneswar | Bhubaneswar | Private | PGDM | 12.27L | 8.43L | |
| 95 | NAARM Hyderabad | Hyderabad | Public | PGDM | 6.05L | 8.6L |
| 96 | Bharathidasan Institute of Management | Tiruchirappalli | Private | PGP | 14.48L | 9.2L |
| 97 | Birla Institute of Technology Ranchi | Ranchi | Private | MBA | 5.85L | 4.1L |
| 98 | IIT Jodhpur | Jodhpur | Public | MBA | 9.45L | 12–15L |
| 99 | IMT Nagpur | Nagpur | Private | PGDM | 12.04L | 7.94L |
| 100 | University of Lucknow | Lucknow | Public | MBA | 3.24L | 7–7.5L |
Source: NIRF 2025. Fees and salaries are approximate for 2025–26. ISB is not on NIRF but is ranked #1 in India and #27 globally by the Financial Times.
Targeting IIM Executive programs or ISB means hitting a GMAT target first
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gmat online coaching is built around your target school and timeline. Live classes, mock tests, and section-specific error analysis included.
Deep Dive: Top 10 MBA Programs in India
One-year executive MBA for candidates with 4+ years of work experience. The most competitive executive MBA in India. The cohort skews older than ISB. If you are comparing them, the key difference is academic rigor (IIMA is more structured) and cohort experience. Admission requires a bachelor’s degree, GMAT/GRE score valid within 36 months, and a minimum of 4 years of work experience. Shortlisted candidates go through a personal interview before final selection.
One-year executive program known for operational rigor. IIMB requires a bachelor’s degree with 50%, 5–12 years of work experience, and a valid GMAT/GRE. Shortlisted candidates complete a personal interview. Admission decisions weight interview, work experience, and academic record together.
Two-year PGP. Known for strong placements in consulting and finance. The remote campus is a genuine trade-off. IIM K moved up to #3 in NIRF 2025, reflecting consistent improvement in placement outcomes and research. GMAT is accepted for international students.
Strong quant orientation. Good placements in tech and consulting. Lower fees than top IIMs with placement outcomes that hold up. Requires CAT 90th percentile overall and 80th sectional. The fee-to-placement ratio here is genuinely strong.
One-year executive MBA. IIM C’s advantage is faculty depth. If you value academic rigor over experiential learning, this fits. The ₹42L fee includes tuition, materials, accommodation, and international immersion. GMAT must be within 36 months of application.
ISB does not appear on NIRF because it is an autonomous institution, not a university. It is ranked #1 in India and #27 globally by the Financial Times. It is the one-year MBA option if you have work experience but do not want a two-year commitment. The cohort skews younger than IIM executive programs. ISB accepts only GMAT or GRE. Minimum 24 months of full-time work experience required. For a detailed read on what the score expectations look like, see
gmat score for isb.
MBA Colleges by City: Where Location Actually Matters
Location matters not because of weather or food, but because of industry access, internship opportunities, and the post-MBA job market you will be recruiting into. Choose your city based on where you want to work, not where you want to live for two years.
- IIM Bangalore26L
- Alliance University7.6L
- IISc DMS5.79L
- XIME12.9L
- MS Ramaiah6L
- IIT Bombay10.08L
- IIM Mumbai25L
- SP Jain15.74L
- NMIMS14.5L
- KJ Somaiya16.29L
- ISB45.12L
- ICFAI Foundation7.02L
- IMT Hyderabad14L
- IBS17L
- IPE Hyderabad9.15L
- IIT Delhi12.4L
- IIFT15.2L
- IMI Delhi18.35L
- Jamia Millia Islamia47K
- FORE School15.98L
What GMAT Score Do You Need for These Colleges
GMAT matters for Executive programs and for ISB. Here are the benchmarks that hold up across recent admission cycles.
| School / Program | Typical GMAT | Note |
|---|---|---|
| IIM-A PGPX, IIM-B EPGP, IIM-C PGPEx | 705+ | Most competitive executive programs in India. Work experience is equally important as the score. |
| ISB PGP | 685–725 (mid 80%) | Middle 80% range. A 655 can get in with a strong profile compensating. Average is around 710. |
| SP Jain PGDM | 650+ | More flexible than top IIMs on GMAT but profile weight is significant. |
| FMS Delhi (Executive) | 600–650 | Lower benchmark given the program’s fee structure. Strong placement outcomes regardless. |
improve mba profile before you invest time in applications.
How to Choose the Right MBA College
Here is a framework that cuts through the noise.
Step 1: Define your post-MBA goal specifically. Not “I want to do marketing.” Be more specific: “I want to join an FMCG brand as an assistant brand manager” or “I want to switch from engineering to product management at a tech company.” The more specific your target, the easier it is to evaluate whether a school’s placement record gives you a realistic path to it.
Step 2: Look at placement reports, not just averages. Which companies recruit from which schools? If your target companies do not recruit at a school, that is a hard data point. The average salary means less if it is driven by a small number of high outliers.
Step 3: Calculate ROI honestly. Fee divided by average salary. Lower is better. But also consider whether the school places students in roles you actually want. For help building this calculation around your specific goals, the guide on
class profile choosing mba is worth reading before you finalise.
Step 4: Evaluate your profile fit. Some schools prefer candidates with work experience. Others take freshers. Some weight GMAT heavily. Others care more about extracurriculars. Use the
MBA fit finder to map your background against programs before you invest time building applications.
Step 5: Consider location for career access, not comfort. Finance targets Mumbai. Tech and product targets Bangalore or Hyderabad. Management consulting targets top IIMs and ISB across all cities.
“I had a shortlist of 11 schools and was ready to apply to all of them. After a profile evaluation, I applied to 4. Got into 2. One of those was ISB. The clarity of which schools were actually realistic for my profile saved me three months of wasted effort.”
Shortlist done. Now build the application that gets you in.
Our
mba admissions consulting covers essays, recommendations, interview prep, and application strategy end to end.
MBA vs PGDM vs PGP: What the Nomenclature Means
You will notice some schools offer MBA, others PGDM (Post Graduate Diploma in Management), and some PGP (Post Graduate Programme). Here is what matters. An MBA is awarded by universities. A PGDM is awarded by autonomous institutions not classified as universities. A PGP is what IIMs offer because they are autonomous, not universities. AICTE recognises PGDM as equivalent to MBA for employment and higher studies. From a recruiter’s perspective, the distinction between MBA, PGDM, and PGP does not matter. The institution matters. For a full breakdown, read the guide on
mba vs pgdm.
Frequently Asked Questions: Top MBA Colleges in India
What are the top 10 MBA colleges in India?
Based on NIRF 2025 rankings: IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIT Delhi, IIM Lucknow, IIM Mumbai, IIM Calcutta, IIM Indore, MDI Gurgaon, and XLRI Jamshedpur. ISB Hyderabad, though not on NIRF, is ranked #1 in India by Financial Times.
Which is the No. 1 IIM in India?
IIM Ahmedabad is consistently ranked #1 among IIMs by NIRF. It is followed by IIM Bangalore and IIM Kozhikode in the 2025 rankings. IIM Calcutta, which was at #3 previously, dropped to #7 in 2025.
Do business schools in India accept GMAT scores?
Yes. Over 100 Indian business schools accept GMAT scores. IIMs accept GMAT for Executive programs and international students. ISB accepts only GMAT or GRE. SP Jain, NMIMS, IIFT, and MDI also accept GMAT. For two-year full-time PGP programs at the top IIMs, CAT is the standard exam for domestic students.
What is the difference between MBA and PGDM in India?
MBA is a degree awarded by universities. PGDM is a diploma awarded by autonomous institutions. PGP, used by IIMs, is also a diploma program from autonomous institutions. AICTE recognises PGDM as equivalent to MBA for employment. Recruiters evaluate the institution, not the nomenclature.
Which MBA college has the best ROI in India?
FMS Delhi offers the best fee-to-placement ratio: approximately ₹2 lakh in fees with average placements around ₹26 lakh. Among premium programs, IIM Bangalore delivers strong ROI with ₹26 lakh fees and ₹34.88 lakh average salary. IIT Delhi (₹12.4L fee, ₹24.45L salary) is another strong value option.
How should I choose between IIM executive programs and ISB?
The main differences are cohort age, program structure, and brand positioning. IIM executive programs (PGPX, EPGP, PGPEx) tend to have older cohorts (average 8 to 10 years of experience) and a more academic structure. ISB skews younger (average 5 years) and is more application-oriented. Both are GMAT-required. Your experience level and learning style are better guides than rankings alone.
What to Do Next
You have seen the data. You know the schools, the fees, and the placement outcomes. The harder part is not knowing which schools exist. It is knowing which ones make sense for your specific profile.
Start with your goal: what role do you want to be in two to three years post-MBA, and which schools actually place people into that role. Then look at whether your profile is genuinely competitive for those programs. Apply to three to five schools where you are a real candidate, not fifteen schools where you are hoping something sticks.
If you want help thinking through MBA options in India versus internationally, the comparison in
mba india vs abroad gives you a clear framework.
Know which schools on this list are worth your time
A free profile evaluation maps your GMAT score, work experience, and goals against real program expectations. It is the most direct way to go from “which schools” to “my schools.”




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