Research Phase

Top 150 MBA Colleges in India (You Shouldn’t Miss) – An Exhaustive Curation

Top MBA Colleges In India

You should definitely know about the top MBA colleges in India if you have made up your mind to pursue one of the best MBA programs in the country. Given that India has more than 6000 business schools, it is important that you spend your time only on the most relevant institutes.

But let us ask you a question – When you started enquiring about top MBA colleges in India, did all your friends and relatives just speak about the IIMs?

While this does not come as a surprise, given that all 20 IIMs are in the top 150 MBA colleges in India, it is imperative to figure out the best institute for MBA for you. We know that you will have to take into consideration a lot of factors before you shortlist the right B-schools. For the same reason, we have tried to collate all the relevant information pertaining to top MBA colleges in India in this article.

This includes the MBA college rank, location, MBA programs offered, MBA fees, average salary and the entrance exam you need to take before you get an MBA admit from the B-school.

While we will get started by looking at the top 150 MBA colleges in India, we will also delve deeper into the top 10 MBA colleges and MBA programs in India. We will also provide you information on the top private MBA colleges, public MBA colleges and the top business schools in Bangalore, Mumbai, Hyderabad and Delhi.

Here’s what you can expect to know by the time you get to the end of the article:

1. Top MBA colleges in India based on NIRF ranking – 150 MBA colleges, location, programs, ownership, fees, average salary

2. MBA colleges in India rankings

3. Top 10 business schools and MBA programs in India

4. Top private MBA colleges in India

5. Top public MBA colleges in India

6. Top IIM in India and IIM fees

7. Top MBA colleges in Bangalore

8. Top MBA colleges in Mumbai

9. Top MBA colleges in Hyderabad

10. Top MBA colleges in Delhi

Top MBA colleges in India 2021 – 150 MBA colleges you should know about

Here is the list of top 150 MBA colleges in India:

  1. Indian Institute of Management, Ahmedabad
  2. Indian Institute of Management, Bangalore
  3. Indian Institute of Management, Calcutta
  4. Indian Institute of Management, Lucknow
  5. Indian Institute of Technology, Kharagpur
  6. Indian Institute of Management, Kozhikode
  7. Indian Institute of Management, Indore
  8. Indian Institute of Technology, Delhi
  9. Xavier Labour Relations Institute, Jamshedpur
  10. Management Development Institute, Gurgaon
  11. Indian Institute of Technology, Bombay
  12. Indian Institute of Technology, Roorkee
  13. National Institute of Industrial Engineering
  14. Indian Institute of Technology, Madras
  15. Indian Institute of Management, Tiruchirappalli
  16. Indian Institute of Technology, Kanpur
  17. Indian Institute of Management, Udaipur
  18. SP Jain Institute of Management and Research
  19. Indian Institute of Management, Raipur
  20. Indian Institute of Management, Ranchi
  21. Indian Institute of Management, Rohtak
  22. Symbiosis Institute of Business Management, Pune
  23. Great Lakes Institute of Management, Chennai
  24. Narsee Monjee Institute of Management Studies, Mumbai
  25. ICFAI Foundation for Higher Education, Hyderabad
  26. Indian Institute of Foreign Trade, Delhi
  27. TA Pai Institute of Management, Manipal
  28. International Management Institute, Delhi
  29. Indian Institute of Technology Indian School of Mines, Dhanbad
  30. Indian Institute of Management, Shillong
  31. Xavier Institute of Management, Xavier University, Bhubaneswar
  32. Kalinga Institute of Industrial Technology, Bhubaneswar
  33. Indian Institute of Management, Kashipur
  34. Jamia Millia Islamia, New Delhi
  35. National Institute of Technology, Tiruchirappalli
  36. Banaras Hindu University, Varanasi
  37. BML Munjal University, Gurgaon
  38. Institute of Management Technology, Ghaziabad
  39. Alliance University, Bangalore
  40. Indian Institute of Management, Nagpur
  41. Amity University, Noida
  42. Panjab University, Chandigarh
  43. FORE School of Management, Delhi
  44. Nirma University, Ahmedabad
  45. Aligarh Muslim University, Aligarh
  46. PSG College of Technology, Coimbatore
  47. Birla Institute of Management Technology, Greater Noida
  48. Goa Institute of Management, Goa
  49. Lovely Professional University, Phagwara
  50. Loyola Institute of Business Administration, Chennai
  51. Chandigarh University, Chandigarh
  52. International Management Institute, Kolkata
  53. IFMR Graduate School of Business, Sri City
  54. Thapar Institute of Engineering and Technology, Patiala
  55. Vellore Institute of Technology, Vellore
  56. K J Somaiya Institute of Management, Mumbai
  57. Guru Gobind Singh Indraprastha University, Delhi
  58. Birla Institute of Technology, Mesra
  59. Anna University, Chennai
  60. Institute of Management Technology, Nagpur
  61. Institute of Management Technology, Hyderabad
  62. Indian Institute of Forest Management, Bhopal
  63. Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development, Pune
  64. International Management Institute, Bhubaneswar
  65. IIHMR University, Jaipur
  66. University of Petroleum and Energy Studies, Dehradun
  67. Jagan Institute of Management Studies, Rohini, Delhi
  68. Prin LN Welingkar Institute of Management Development and Research, Mumbai
  69. Jaipuria Institute of Management, Noida
  70. Koneru Lakshmaiah Education Foundation, Guntur
  71. Visvesvaraya Technological University, Belagavi
  72. Institute of Rural Management, Anand
  73. Jaipuria Institute of Management, Lucknow
  74. Pandit Deendayal Petroleum University, Gandhinagar
  75. Chitkara University, Patiala
  76. IBS Business School, Hyderabad
  77. Shailesh J Mehta School of Management, Indian Institute of Technology, Bombay
  78. Department of Management Studies, Indian Institute of Technology, Delhi
  79. Symbiosis Centre for Management and Human Resource Development, Pune
  80. Faculty of Management Studies, University of Delhi, Delhi
  81. Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur
  82. Department of Management Studies, Indian Institute of Technology, Madras
  83. Department of Management Studies, Indian Institute of Science, Bangalore
  84. Institute of Public Enterprise, Hyderabad
  85. Thiagarajar School of Management, Thirupparankundram
  86. Symbiosis Institute of Operations Management, Nashik
  87. Lal Bahadur Shastri Institute of Management, Delhi
  88. Xavier Institute of Management and Entrepreneurship, Bangalore
  89. Shri Dharmasthala Manjunatheshwara Institute for Management Development, Mysore
  90. VIT Business School, Vellore
  91. Jamnalal Bajaj Institute of Management Studies, Mumbai
  92. University Business School, Panjab University, Chandigarh
  93. Indian Institute of Management Amritsar
  94. PSG Institute of Management, Coimbatore
  95. FLAME University, Pune
  96. Motilal Nehru National Institute of Technology Allahabad Prayagraj
  97. Balaji Institute of Modern Management, Pune
  98. Delhi School of Management, Delhi Technological University, Delhi
  99. GITAM School of International Business, Visakhapatnam
  100. Jindal Global Business School, Sonipat
  101. National Institute of Agricultural Extension Management, Hyderabad
  102. ITM Business School, Navi Mumbai
  103. Indian Institute of Management Visakhapatnam
  104. Amity Business School, Noida
  105. SCMS Cochin School of Business, Cochin
  106. SSN School of Management, Kalavakkam
  107. Indian Institute of Management Bodh Gaya
  108. LM Thapar School of Management, Thapar Institute of Engineering and Technology, Dera Bassi
  109. Atal Bihari Vajpayee Indian Institute of Information Technology and Management, Gwalior
  110. MS Ramaiah Institute of Management, Bangalore
  111. National Institute of Technology Rourkela
  112. National Institute of Technology Warangal
  113. Symbiosis Institute of Business Management, Hyderabad
  114. Bharati Vidyapeeth Deemed University Institute of Management and Research, New Delhi
  115. Institute of Management Studies, Banaras Hindu University, Varanasi
  116. Indian Institute of Management Sirmaur
  117. Symbiosis Institute of Digital and Telecom Management, Pune
  118. Manipal Academy of Higher Education, Manipal
  119. School of Management Studies, University of Hyderabad, Hyderabad
  120. University School of Management Studies, GGS IP University, Delhi
  121. Adani Institute of Infrastructure Management, Ahmedabad
  122. Malaviya National Institute of Technology Jaipur
  123. KIIT School of Management, Bhubaneswar
  124. Rajagiri Centre for Business Studies, Cochin
  125. NITTE School of Management, Bangalore
  126. AIMS Institutes, Bangalore
  127. Xavier Institute of Social Service, Ranchi
  128. Sri Sathya Sai Institute of Higher Learning, Prasanthi Nilayam
  129. Sona School of Management, Salem
  130. SRM Institute of Science and Technology, Chennai
  131. KL University Business School, Guntur
  132. Amrita School of Business, Coimbatore
  133. Birla Institute of Technology and Science, Pilani
  134. Tata Institute of Social Sciences, Mumbai
  135. Bharathidasan Institute of Management, Tiruchirappalli
  136. Jagdish Sheth School of Management, Bangalore
  137. Symbiosis Institute of Management Studies, Pune
  138. Acharya Bangalore B-School, Bangalore
  139. Balaji Institute of International Business, Tathawade
  140. Chitkara Business School, Patiala
  141. Department of Business Economics, University of Delhi, Delhi
  142. Department of Management Sciences, Savitribai Phule Pune University, Pune
  143. GITAM Hyderabad Business School, Hyderabad
  144. GITAM Institute of Management, Visakhapatnam
  145. GLA University, Mathura
  146. Himachal Pradesh University Business School, Shimla
  147. Indian Institute of Management Jammu
  148. Indian Institute of Management Sambalpur
  149. Indian Institute of Social Welfare and Business Management, Kolkata
  150. Institute of Business Management and Research, IPS Academy, Indore

Let’s get to know a little more about these 150 business schools in the upcoming section.

1. Top MBA colleges in India based on NIRF ranking – 150 MBA colleges, location, MBA programs, ownership, fees, average salary

If you went through the list of 150 MBA colleges above, you must have realized that India is home to some of the top-rated business schools such as the Indian Institute of Management (IIMs), Xavier Labour Research Institute (XLRI), SP Jain and many more.

Out of these, many of the IIMs are part of the top global MBA rankings list as well. 🙂

But of course, it doesn’t mean that you should consider only the IIMs. You should definitely know about all the top business schools you can consider and make a decision taking into consideration all relevant factors.

Let us now look at the location, ownership, programs offered, fees, average salary and entrance exams at the top 150 MBA colleges in India based on the National Institutional Ranking Framework (NIRF), Government of India.

As you might have noticed, the management courses offered by many of these business schools are called by different names such as PGDM, PGP and PGPM.

If you wish to know the difference between MBA and PGDM, you can check out this article: What is the difference between MBA and PGDM?

Note: When you researched MBA, you must have definitely come across the Indian School of Business (Hyderabad and Mohali campuses). But you wouldn’t have found the Indian School of Business (ISB) in the above list. It is not because of anything but the fact that the ISB is accredited to AACSB, which is an American professional organization.

Though ISB is not in the list given above, the business school has been offering PGP to students and have been performing very well. The PGP has been ranked #1 in India and #23 globally based on Financial Times Global MBA Rankings 2021.

2. MBA colleges in India rankings

As you might have noticed in the previous section, the top 150 MBA colleges were listed out based on the ranking given by the National Institutional Ranking Framework (NIRF). This framework was set by the Ministry of Human Resource Development in India in 2015.

They have a set of parameters they consider while evaluating each institution. The parameters include:

  • Teaching, Learning and Resources
  • Research and Professional Practices
  • Graduation Outcomes
  • Outreach and Inclusivity
  • Perception

You will be able to find other B-school ranking lists such as Business Today India’s Best B-schools, Outlook MBA Rankings and India Today B-school Ranking as well. All these ranking lists have been created considering different sets of parameters basis which they allocate positions to each B-school in India.

3. Top 10 business schools and MBA programs in India

Now you are aware of the best institutes for MBA in India. You also know how the MBA colleges ranking works in the country.

Let us now delve into the details of the top 10 MBA colleges and their MBA programs so that you know everything about the business schools and the courses they offer.

Here is the list of top 10 MBA colleges in India:

1. IIM Ahmedabad
2. IIM Bangalore
3. IIM Calcutta
4. IIM Lucknow
5. IIT Kharagpur
6. IIM Kozhikode
7. IIM Indore
8. IIT Delhi
9. XLRI Jamshedpur
10. MDI

You will also learn more about ISB in this section.

1. IIM Ahmedabad

The first in the list is IIM Ahmedabad. The business school is not only known for its course curriculum and faculty members but also for its recruitment and placements.

Let us closely look at IIM A’s MBA programs, fees, standardized tests for IIM A PGPX admission, IIM A admission process and eligibility criteria.

IIM A MBA programs

IIM A offers the one year Post Graduate Programme for Executives (PGPX), a course specially designed for students with a minimum of 4 years of work experience. The institute follows a rigorous selection process to shortlist the candidates.

Here are the other management courses offered at IIM A:

1. Post Graduate Programme in Management (PGP)
2. Post Graduate Programme in Food and Agri-business Management (MBA – FABM)

IIM A fees

IIM A PGPX course fees is ₹ 28,00,000 for domestic students. This is applicable for the batch of 2021-2022.

Standardized tests for IIM A PGPX admission

If you are looking to apply to the PGPX programme at IIM A, you need to take the GMAT or the GRE and get a good score.

If you are taking the GMAT, you should know that the average GMAT score for IIM A PGPX course is 702.

Want to take the GMAT and apply for the PGPX course at IIMA? Know how to study for the GMAT the right way, get a structured approach and study plan to score GMAT 700+ in 2021.

IIM A PGPX admission process

The admission process for IIM PGPX takes place in two stages:

Shortlisting candidates for personal interview based on their PGPX application, GMAT score and MBA essays

Selecting the final candidates based on their performance in personal interview and the application

Want to know more about IIMA’s PGP admission process, you can check it out here: All about IIM A’s admission process.

IIM A PGPX eligibility criteria

Here’s the eligibility criteria for IIM A PGPX applicants:

1. You must have a bachelor’s degree or equivalent in any discipline
2. You should be 25 years of age or more on or before 31 March
3. You need a valid GMAT/GRE score
4. You should have minimum four years of work experience

Also read: List of Indian B-schools accepting GMAT scores in 2021

2. IIM Bangalore

The second MBA college in the list is IIM B. Let us closely look at IIM B’s MBA programs, fees, standardized tests for IIM B EPGP admission, IIM B admission process and eligibility criteria.

IIM B MBA programs

The Executive Post Graduate Programme (PGP) in Management leading is a one year intensive program designed for students with 5-12 years of work experience.

Here are the other management courses offered at IIM B:

1. Master of Business Administration – Two year full-time programme
2. Master of Business Administration – Two year weekend programme
3. Master of Management Studies (Public Policy) – One year full-time programme
4. Master of Business Administration (Business Analytics) – Two year full-time programme

IIM B fees

IIM B EPGP course fee is ₹ 27,50,000.

Standardized tests for IIM B EPGP admission

You have to take the GMAT or the GRE and score well in order to apply to IIM Bangalore’s EPGP. If you are taking the GMAT, you need to score 700+ on the exam

Watch: A Software Engineer’s IIM-B EPGP Journey

IIM B EPGP admission process

The admission process for IIM B EPGP takes place in two stages:

  1. Shortlisting candidates for personal interview based on their EPGP application, GMAT score and Statement of Purpose (SoP)
  2. Selecting the final candidates based on their performance in personal interview, their application, work experience, etc.

IIM B EPGP eligibility criteria

Here’s the eligibility criteria for IIM B EPGP applicants:

  1. You must have a bachelor’s degree or equivalent with 50% marks.
  2. You should have minimum 5 years work experience and ideally, maximum 12 years of work experience
  3. You need to submit a valid GMAT/GRE score

3. IIM Calcutta

The third MBA college in the list is IIM C. If you are someone who is looking to apply to IIM C, you should not miss out on the details.

Let us understand IIM C’s MBA programs, fees, standardized tests for IIM C PGPEx admission, IIM C admission process and eligibility criteria.

IIM C management programs

IIM C offers a one-year MBA Executive programme to candidates with years of work experience. Candidates are required to submit SoPs based on specific questions that have been provided by the B-school.

Before we get into them, let’s check out the other management courses offered at IIM-C

  1. Post Graduate Programme in Management (PGP)
  2. Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEx-VLM)
  3. Post Graduate Diploma in Business Analytics (PGDBA)

Also Read: All about IIM-C PGPEx course

IIM C PGPEx fees

IIM C course fee for the batch 2020-2022 is ₹ 27,00,000.

Want to know more about IIM C course fees. You can check it out here.

Standardized tests for IIM C PGPEx admission

If you want to apply to IIMC’s executive MBA program, you need to take the GMAT exam. The exam should have been taken within the last 36 months of application date.

IIM C MBA admission process

Similar to the other IIMs, the admission process for IIM B PGPEx takes place in two steps:

  1. Shortlisting candidates for personal interview based on their PGPEx application, GMAT score and Statement of Purpose (SoP)
    The SoP has to be written by taking into consideration the following questions:

i. Why do you want to join the MBA Ex program?
ii. What qualities, experience, and achievements do you have to justify your admission
iii. What types of jobs and at what level do you expect after the successful completion of MBA Ex?

2. Selecting the final candidates based on their performance in personal interview, their application, work experience, etc.

Want to know more about IIM C’s MBA admission process, you can check it out here: All about IIM C MBA admission process.

IIM C PGPEx eligibility criteria

Here’s the eligibility criteria for IIM C MBA applicants:

You must have a bachelor’s degree or equivalent with 50% marks.

You should have minimum 5 years work experience

You need to submit a valid GMAT score (Exam should have been taken within the last 36 months of the application date)

4. IIM Lucknow

As we have four IIMs topping our list, let us cover IIM Lucknow here.

Let us understand IIM Lucknow’s post graduate programmes, fees, standardized tests for IIM Lucknow PGP admission, IIM Lucknow admission process and eligibility criteria so that you can make an informed decision.

IIM Lucknow flagship programme

The flagship programme at IIM Lucknow is the Post Graduate Programme in Management (PGP). This a two-year full-time, residential programme, at the end of which the candidates are awarded a Master of Business Administration (MBA) degree.

Here are the other management courses offered at IIM Lucknow:

  1. Post Graduate Programme in Agribusiness Management (PGP-ABM)
  2. Post Graduate Programme in Sustainable Management (PGP-SM)
  3. Post Graduate Programme for Executives
  4. Post Graduate Programme for Working Executives (PGPWE)
  5. International Programme in Management for Executives (IPMX)

IIM Lucknow PGP fees

IIM Lucknow course fee for the batch 2020-2022 is ₹ 19,25,000.

Want to know the break up of the IIM Lucknow course fees. You can check it out here.

Standardized tests for IIM Lucknow PGP admission

If you want to apply to IIM Lucknow, you will have to take the Common Admission Test (CAT) and submit the score. You can do this only if you are a domestic student.

If you are an international student, you need to take the Graduate Management Admission Test (GMAT) and submit your score.

Also read: Know the differences between GMAT and CAT

IIM Lucknow PGP admission process

Similar to the other IIMs, the admission process for IIM Lucknow PGP takes place in three steps:

  1. Preliminary screening is conducted based on the CAT/GMAT score, scholastic achievement and work experience
  2. Next round of filtering is based on the performance in the Analytical Writing Test and Personal Interview
  3. The final selection is based on the points accrued by the candidate in all the previous stages

IIM Lucknow PGP eligibility criteria

Here’s the eligibility criteria for IIM Lucknow MBA applicants:

  1. You must have a bachelor’s degree or equivalent with 50% marks. The equivalent degrees include:

i. Bachelor’s degree in Engineering/Technology (4 years after 10+2/Post B.Sc./Post Diploma ) or B.E/B.Tech equivalent examinations, of Professional Societies, recognized by MHRD/UPSC/AICTE (e.g. AMIE by Institution of Engineers -India, AMICE by the Institute of Civil Engineers India)

ii. Any Qualification recognized by Association of Indian Universities New Delhi, which is equivalent to a Bachelor’s Degree awarded by UGC recognized University/Institutions

2. Students in their final year of undergraduate degree can also apply for admission

3. You should have a valid CAT score

4. If you are an international candidate, you can apply with your valid GMAT score

5. IIT Kharagpur

After four IIMs, we finally have IIT Kharagpur in the fifth position.

The academic unit of IIT Kharagpur that offers an MBA course is called the Vinod Gupta School of Management.

Quick facts

The Vinod Gupta School of Management is the first business school to be established in an Indian Institute of Technology!

Now that you know how the MBA college came to be, let us look at the courses offered, course fees, admission process and eligibility criteria at IIT Kharagpur.

IIT Kharagpur MBA programs

The Master in Business Administration (MBA) program offered by IIT Kharagpur is its flagship program. It is a two-year residential program.

For those students who wish to learn more about business analytics, the MBA college offers a Micro Specialization in Business Analytics. This can be taken up by students along with their regular MBA program.

IIT Kharagpur MBA fee

The MBA fees at IIT Kharagpur is split between the four semesters and includes caution money and deposits for hostel, library and institute.

The IIT Kharagpur MBA fee is ₹ 1160360 for the two year MBA program at Vinod Gupta School of Management.

Standardized tests for IIT Kharagpur MBA application

Domestic candidates applying for the MBA program at IIT Kharagpur have to get the 90th percentile on the Common Admission Test (CAT).

The international candidates are not required to take the CAT. They can directly submit their online application along with the scanned copies of the required documents.

IIT Kharagpur MBA admission process

The admission process at IIT Kharagpur is quite simple.

It is a two-step process:

  1. Personal Interview
  2. Final selection

Once you submit your application, the AdComs at IIT Kharagpur evaluate your profile based on your CAT score and degree scores. If you have been shortlisted, you will be invited for a personal interview.

Once the personal interview is done, they will calculate your total score taking into consideration your CAT score, your performance in the personal interview, and the application rating.

Once this is completed, they will publish the selected students list.

IIT Kharagpur MBA eligibility criteria

There are certain eligibility criteria that you need to meet to be considered for the IIT Kharagpur MBA program.

Here’s the basic eligibility criteria as listed out by the MBA college:

  1. You should either have a bachelor’s degree of minimum 4-year duration in engineering, technology, pharmacy, medicine, or similar disciplines or a master’s degree in Science/Economics/Commerce (with Mathematics or Statistics at Bachelor’s level).
  2. You should submit a medical certificate stating that you are fit. There should be no discrepancies.
  3. You need to have a 90 percentile in the CAT.

6. IIM Kozhikode

We have yet another IIM in the list. And this time, it is the IIM that is in Kerala – IIM Kozhikode.
Let us look at IIM K’s management programs, fees, standardized tests for IIM K PGP admission, IIM K admission process and eligibility criteria below.

IIM K management programs

IIM K’s flagship programme is the Post Graduate Programme in Management (PGP).

Here are the other management courses offered by IIM K:

  1. Fellowship Programme in Management (PhD)
  2. Post Graduate Programme in Liberal Studies and Management (PGP-LSM)
  3. PhD Programme in Management
  4. Master of Business Administration (MBA)
  5. Management Development Programme (MDP)

IIM Kozhikode fees

If you are looking to apply to IIM K, you should definitely be aware of the fee structure.

You will have to pay a total of ₹ 20,50,000 for the programme. In addition to this amount, you need to pay ₹ 1000 during application and ₹ 25,000 as caution deposit once admitted. Mess fees will be separate.

Standardized tests for IIM K PGP admission

Just like the other IIMs, if you are an Indian candidate, you need to take the Common Admissions Test (CAT) and score 85 percentile on it.

If you are an international candidate, you need to submit the GMAT scores along with three reference letters.

IIM K PGP admission process

IIM K PGP admission process consists of three stages:

Stage 1:

The business school considers the CAT score. Post this, if you meet the basic eligibility criteria, you will receive an email for online registration for admissions at IIM K. You need to complete the registration process to be considered for Stage 2.

Stage 2:

In Stage 2, the business school creates a shortlist of candidates in each reservation category. These lists will be based on an Aggregate Index Score (AIS) which is computed basis the performance in CAT, academic performance in Class X & XII, work experience and gender diversity.

Stage 3:

The shortlisted candidates will be asked to appear for a personal interview. IIM K will be put out the merit list post this stage.

IIM K PGP eligibility criteria

Here’s the eligibility criteria for IIM K PGP applicants:

  1. You must have a bachelor’s degree or equivalent with 60% marks. Students in their final year of undergraduate degree can also apply for admission.
  2. You should have a valid CAT score – 85 percentile is the cutoff score.
  3. If you are an international candidate, you can apply with your valid GMAT score

7. IIM Indore

IIM Indore is 7th in the top MBA colleges list.

While the B-school is the only IIM to offer a 5-year integrated programme in management, their Post Graduate Programme in Management is the flagship programme.

Let’s get to know more about the B-school and the management programmes below.

IIM Indore management programs

Other than the PGP course, IIM Indore offers six other management programmes.

They are:

  1. Executive Post Graduate Programme in Management
  2. Post Graduate Programme at Mumbai
  3. Five Year Integrated Programme in Management
  4. Post Graduate Programme in Management for Working Executives
  5. Post Graduate Programme in Human Resource Management
  6. Fellow Programme in Management
  7. Executive Fellow Programme in Management

IIM Indore PGP fee

The PGP course fees for domestic students is ₹ 17,06,422. Whereas, NRI or foreign candidates joining with their GMAT scores will have to pay a fee of ₹ 25,11,422.

Standardized tests for IIM Indore PGP admission

You must take the Common Admission Test (CAT) in order to apply for admission at IIM Indore.

If you are an international candidate, you will have to take the GMAT and submit a valid score.

IIM Indore MBA admission process

Every candidate will have to undergo the three-step admission process before they are admitted to the PGP.

The first requires the candidate to meet the basic eligibility criteria (mentioned below).

In the second step of the admission process, the shortlisted candidates will have to take a Written Ability Test (WAT) and appear for a Personal Interview (PI).

The candidates shortlisted in the second round will be part of the final selection process.

While CAT/GMAT scores are considered while shortlisting candidates, those scores are not the only criteria for the IIM AdComs to select the applicants. The selection will also be based on your other performances as well.

This includes your Bachelor’s degree, co-curricular activities, work experience, etc.

IIM Indore PGP eligibility criteria

Check out the eligibility criteria for the IIM Indore PGP below:

  1. You must have a bachelor’s degree or equivalent with 50% marks.
  2. You should have a valid CAT score – 90 percentile is the cutoff score.
  3. If you are an international candidate, you can apply with your valid GMAT score (GMAT 700+)

8. IIT Delhi

The management programs at IIT Delhi are offered by the Department of Management Studies (DMS).

The MBA program offered by IIT DMS holds the 8th position in NIRF ranking of MBA colleges in India.

So, let’s not waste any more time but get to know the management programs offered IIT DMS, MBA program fee, IIT DMS standardized tests, MBA program admission process and eligibility criteria.

IIT DMS management programs

While the two-year full time MBA is the flagship program offered by IIT DMS, there are other management programs as well.

They are:

  1. Executive MBA Program
  2. PhD in Management

Now that you know the program options you have, let’s look at the IIT DMS MBA fee structure.

IIT DMS MBA fee structure

The fee structure at IIT DMS is similar to that at IIT Kharagpur – selected candidates need to pay the fee across four semesters.

The total fee for IIT DMS MBA is ₹9,60,000.

Standardized tests for IIT DMS MBA program

If you are looking to apply for the MBA program at IIT Delhi, you need to appear for the CAT and get a 90+ percentile overall score and get a 80+ sectional percentile.

IIT Delhi MBA admission process

The admission process at IIT Delhi is the same as that at IIT Kharagpur.

It is a two-step process:

  1. Personal Interview
  2. Final selection

Online applications will be open the day after the CAT scores have been declared. Once you submit your application, the AdComs at IIT Delhi evaluate your profile based on your CAT score and degree scores. If you have been shortlisted, you will be invited for a personal interview.

Once the personal interview is done, they will calculate your total score taking into consideration your CAT score, your performance in the personal interview, and the application rating.

Once this is completed, they will publish the selected students list.

IIT Delhi MBA eligibility criteria

There are certain eligibility criteria that you need to meet to be considered for the IIT Kharagpur MBA program.

Here’s the basic eligibility criteria as listed out by the MBA college:

  1. You should have a bachelor’s degree with 60% marks in aggregate.
  2. You need to have a 90 percentile in the CAT.

9. Xavier Labour Relations Institute (XLRI)

Finally, we get to introduce you to a private MBA college in India – the XLRI. It is one of the oldest and the best management institutes in the country. It tops the private MBA colleges list based on NIRF ranking as well.

Now, let’s quickly take a look at XLRI’s management programs, fee, admission process and more.

XLRI management programs

The Post Graduate Diploma in Management (PGDM) is XLRI’s flagship program. But the institute also offers other management courses. This includes:

  1. PGDM (Part-time)
  2. Executive PGDM

XLRI PGDM fee

The two year PGDM course at XLRI will cost you ₹23,60,000.

Standardized test for XLRI PGDM course

You can apply for XLRI’s PGDM course only if you take their entrance exam: Xavier Aptitude Test or XAT.

XLRI PGDM admission process

You need to go through two stages of the admission process before you get selected to XLRI PGDM course.

Once you take the XAT and apply for admission, your application will undergo a review process. Post this, they will shortlist the candidates who need to appear for a Group Discussion and a Personal Interview.

Once you complete this step of the admissions process, you just need to wait for them to put out the final admission decision.

XLRI PGDM eligibility criteria

The eligibility criteria to apply for the PGDM program at XLRI is just bare minimum.

You just need to have a bachelor’s degree (3 years) in any discipline. You can apply for their management program even if you are in the final year of college.

10. Management Development Institute (MDI)

MDI is at the tenth position according to the NIRF ranking of top MBA colleges in India.

Like XLRI, MDI is also a privately owned business school. Let’s look at the business school and MBA program details below.

MDI management programs

MDI offers the Post Graduate Diploma in Management (PGDM) and that is the flagship program at the MBA college.

Other than this, there are six other management programs offered by the business school. This includes:

  1. PGDM – HRM
  2. PGDM – IB
  3. PGDM – National Management Programme
  4. PGDM – Public Policy and Management
  5. PGDM (Executive Management Programme)
  6. Fellowship Programme in Management

MDI PGDM fee

The MDI PGDM fee for domestic candidates is ₹ 21,34,000. But if you are an NRI or a foreign student, you will have to pay a little more than ₹ 56,00,000 for the two-year programme.

Standardized tests for MDI PGDM course

Similar to other business schools we discussed earlier, candidates from India will have to appear for the CAT and submit the scores.

Whereas, foreign candidates can take the GMAT and submit a valid GMAT score for application.

MDI PGDM admission process

After you submit the online application with your CAT scores, the admission process at MDI, Gurgaon includes two steps:

  1. Shortlisting candidates for group discussion and personal interview
  2. Final selection of candidates

The final selection of candidates is based on scores achieved by candidates based on their CAT score, X and XII marks, bachelor’s degree marks aggregate, work experience and other factors.

MDI PGDM eligibility criteria

The basic eligibility criteria for MDI PGDM include the following:

  1. 50% marks in X and XII standard
  2. Bachelor’s degree with 50% aggregate marks

Students who are in their final year of college can also apply for the programme.

Indian School of Business (ISB)

ISB, as many of you might already know, has two campuses – Hyderabad and Mohali. When you are applying to the management program at ISB, you cannot choose the campus. You will be allotted a campus.

But you don’t have to worry about it because there is no difference between both the campuses except for the location. 🙂

If you want to be certain about it, you can check out this video in which ISB AD-AFA speaks about both the ISB campuses: ISB – One School Two Campuses.

ISB’s post graduate programmes

ISB is known for its PGP in Management. It is a 12-month course designed specifically for candidates with work experience of 2-20 years.

ISB offers other programs as well. This includes:

  1. PGPpro
  2. PGPMAX
  3. PGP MFAB
  4. YLP

The ISB YLP or Young Leaders Programme is an early entry option to PGP given to students in the final year of college. This is an opportunity for them to secure a PGP seat which they claim once they have the required work experience.

ISB Fee

The ISB fee for the PGP is ₹ 35,98,940.

Want to know more about ISB PGP’s fee structure. You can check it out here.

Standardized tests for ISB PGP

If you are looking to apply to ISB, you need to take the GMAT or the GRE and submit the score. A good GMAT score will be 730 or higher. But you can definitely apply if you have a GMAT 710.

Watch: A Non-Engineer’s ISB PGP Journey

Want to get a good GMAT score and get into ISB? Here’s how you can prepare for the GMAT from home and manage to score well on the exam: Get a structured study plan to prepare for the GMAT.

ISB PGP admission process

  1. Create an account on the ISB website
  2. Submit the MBA application along with the required essays
  3. If you have been shortlisted, you will be called for an interview
  4. Post the thirst step in the admission process, ISB will put out the final list of selected candidates

ISB PGP eligibility criteria

Here’s the basic eligibility criteria for ISB’s PGP:

  1. You should have a bachelor’s or equivalent degree
  2. You should have a valid GMAT score
  3. You should have minimum 24 months of full-time work experience

If you are a college student looking to apply to the ISB YLP, you can check out this blog in which an ISB YLP admit shares everything about the application, admission and selection process: How did a fresher achieve his ISB YLP dream?

Unable to choose the right B-school for you? Why don’t you get your profile evaluated by our team of experts and then decide on the B-schools you should target? All you need to do is click this link. Our experts will get in touch with you.

4. Top private MBA colleges in India

Similar to other courses, when you consider MBA programs, you will get to see that the business schools can have public or private ownership depending on how it is funded and managed.

As you might already know, if an MBA college is ‘public’, it is owned by the respective state government. Otherwise, the business school is privately owned by an individual or a group of people.

Here are the top 5 private MBA colleges in India:

  1. Xavier Labour Research Institute (XLRI)
  2. Management Development Institute (MDI)
  3. SP Jain Institute of Management and Research (SP Jain)
  4. Symbiosis Institute of Business Management
  5. Great Lakes

P.S. The fees and the ROI in the long run is what you should really compare between private and public MBA colleges.

5. Top public MBA colleges in India

Unlike the private MBA colleges in India, the public business schools are managed by the respective state governments. They introduce regulations to the courses, fees, faculty members, etc. based on the existing rules.

Given this, here are the top 5 public MBA colleges in India:

  1. Indian Institute of Management, Ahmedabad (IIM-A)
  2. Indian Institute of Management, Bangalore (IIM-B)
  3. Indian Institute of Management, Calcutta (IIM-C)
  4. Indian Institute of Management, Lucknow (IIM-L)
  5. Indian Institute of Technology, Kharagpur (IIT-K)

If you want to shortlist MBA colleges in India by comparing the top private business schools and public schools, you can check out the table below. You can easily compare the fees and salaries.

Public MBA Colleges in IndiaFeeAverage Salary
Indian Institute of Management, Ahmedabad₹23,00,000₹26,13,000
Indian Institute of Management, Bangalore₹23,00,000₹26,18,000
Indian Institute of Management, Calcutta₹27,00,000₹29,00,000
Indian Institute of Management, Lucknow₹19,25,000₹24,25000
Indian Institute of Technology, Kharagpur₹11,60,360₹17,21,000
Private MBA Colleges in IndiaFeeAverage Salary
Xavier Labour Research Institute (XLRI)₹23,60,000₹25,08,000
Management Development Institute (MDI)₹21,34,000₹23,15,000
SP Jain Institute of Management and Research₹15,74,400₹26,36,000
Symbiosis Institute of Business Management₹18,23,000₹20,14,000
Great Lakes₹17,15,000₹12,10,000

6. Top IIM in India and IIM fees

The Indian Institutes of Management under the jurisdiction of the Ministry of Education, Government of India, are institutes of management and research.

The Master of Business Administration (MBA) programme is the flagship programme across all IIMs. While some IIMs offer two-year full-time MBA programmes, other IIMs offer one-year MBA courses. You will also find that some of the IIMs offer executive MBA programmes for candidates with higher work experience.

So, if you are interested in applying to IIMs, here are the top IIMs along with the IIM fees for the courses:

Comparing top private and public MBA colleges in India

Top IIM in IndiaLocationIIM Fee
Indian Institute of ManagementAhmedabad₹23,00,000
Indian Institute of ManagementBangalore₹23,00,000
Indian Institute of ManagementCalcutta₹27,00,000
Indian Institute of ManagementLucknow₹19,25,000
Indian Institute of ManagementTrichy₹16,50,000

In the upcoming sections, we will be focussing on top B-schools in different cities. So, if you wish to know the best institute for MBA in a specific city, you can check out the below sections before you make your decision.

7. Top MBA colleges in Bangalore

Are you someone who wants to pursue your MBA in one of the top institutes in Bangalore?

While the city is known as the ‘Silicon Valley of India’, you should know that there is much more to the place. Being a start-up hub, Bangalore is home to people from all over the world making it a melting pot of different cultures.

So, if you are someone who wishes to study in a buzzing city like Bangalore, you should know the top MBA colleges in Bangalore.

Here are the 5 best institutes for MBA in Bangalore:

  1. Indian Institute of Management
  2. Alliance University
  3. Department of Management Studies, Indian Institute of Science
  4. Xavier Institute of Management and Entrepreneurship
  5. MS Ramaiah Institute of Management
Top MBA Colleges in BangaloreFee
Indian Institute of Management₹23,00,000
Alliance University₹9,00,000
Department of Management Studies, Indian Institute of Science₹3,20,000
Xavier Institute of Management and Entrepreneurship₹11,00,000
MS Ramaiah Institute of Management₹6,00,000

8. Top MBA colleges in Mumbai

Similar to Bangalore, Mumbai is very welcome to people from different parts of the world.

Moreover, the city being the financial powerhouse of the country, contributing to 70% of the nation’s capital transactions, Mumbai will provide you with great opportunities post your MBA.

Here are the top MBA colleges you can consider in Mumbai:

  1. Indian Institute of Technology
  2. National Institute of Industrial Engineering
  3. SP Jain Institute of Management and Research
  4. Narsee Monjee Institute of Management Studies
  5. KJ Somaiya Institute of Management
Top MBA Colleges in MumbaiFee
Indian Institute of Technology₹10,08,300
National Institute of Industrial Engineering₹14,63,000
SP Jain Institute of Management and Research₹15,74,400
Narsee Monjee Institute of Management Studies₹17,50,000
KJ Somaiya Institute of Management₹16,29,279

9. Top MBA colleges in Hyderabad

Hyderabad, needless to say, is one of the biggest innovators in information technology (IT). It is home to the headquarters of IT giants such as Facebook, Google and Microsoft. You will find top consulting firms such as Broadridge and Deloitte in the city.

With all this, the city becomes a suitable location for students who wish to pursue management studies and get placed at some of the best companies.

Here are the 5 best institutes for MBA in Hyderabad:

  1. Indian School of Business
  2. ICFAI Foundation for Higher Education
  3. Institute of Management Technology
  4. IBS Business School
  5. Institute of Public Enterprise
Top MBA Colleges in HyderabadFee
Indian School of Business₹26,86,000
ICFAI Foundation for Higher Education₹7,02,000
Institute of Management Technology₹14,00,000
IBS Business School₹7,00,000
Institute of Public Enterprise₹8,00,000

10. Top MBA colleges in Delhi

If you are someone who is looking to manage public enterprises after graduation, Delhi might be the right place for you.

Another important point you might want to make a note of is the fact that the public-owned institutions ensure that students have to pay only a subsidized amount as fees. But when it comes to recruitment and salary, the students get high average salaries.

Want to check out the MBA colleges you can consider in Delhi?

Here are the top 5 MBA colleges in Delhi:

  1. Indian Institute of Technology
  2. Indian Institute of Foreign Trade
  3. International Management Institute
  4. Jamia Millia Islamia
  5. FORE School of Management
Top MBA Colleges in DelhiFee
Indian Institute of Technology₹9,60,000
Indian Institute of Foreign Trade₹15,20,000
International Management Institute₹18,34,900
Jamia Millia Islamia₹47,000
FORE School of Management₹15,98,000

With this, we come to the end of the article.

Now, you should have a clear idea about the MBA colleges in India. Of course, not all of them because you should be focussing on the best institutes for MBA in the country.

So, have you shortlisted the B-schools yet?

What’s your next step?

If you are confused and require help in shortlisting MBA colleges in India, please reach out to our experts. They will evaluate your profile, consider your post-MBA career goal and help you choose the right B-schools for you.

Click on the image below to get on a one-on-one call with our experts.

Frequently asked questions – Top MBA colleges in India

What are the top 10 MBA colleges in India?

The top 10 MBA colleges based on NIRF ranking are:

  1. IIM Ahmedabad
  2. IIM Bangalore
  3. IIM Calcutta
  4. IIM Lucknow
  5. IIT Kharagpur
  6. IIM Indore
  7. IIM Kozhikode
  8. IIT Delhi
  9. XLRI
  10. Management Development Institute (MDI)
Which is the No.1 IIM in India?

The No.1 IIM in India is IIM Ahmedabad.

The top IIMs in India are:

  1. IIM Ahmedabad
  2. IIM Bangalore
  3. IIM Calcutta
  4. IIM Lucknow
  5. IIM Kozhikode
What is the salary of IIM graduate?

The salary of an IIM graduate will vary based on which IIM they graduate from.
Here are the average IIM salaries:

  1. IIM Ahmedabad – ₹26,13,000
  2. IIM Bangalore – ₹26,18,000
  3. IIM Calcutta – ₹29,00,000
  4. IIM Lucknow – ₹24,25000
  5. IIM Kozhikode – ₹22,50,000
  6. IIM Indore – ₹18,17,000
  7. IIM Trichy – ₹12,00,000
  8. IIM Udaipur – ₹13,20,000
  9. IIM Raipur – ₹15,20,000
  10. IIM Ranchi – ₹15,11,000
  11. IIM Rohtak – ₹11,85,000
  12. IIM Shillong – ₹18,76,000
  13. IM Kashipur – ₹12,19,000
  14. IIM Nagpur – ₹13,21,000
  15. IIM Amritsar – ₹17,86,000
  16. IIM Visakhapatnam – ₹13,08,000
  17. IIM Bodh Gaya – ₹11,02,000
  18. IIM Sirmaur – ₹11,28,000
  19. IIM Jammu – ₹10,80,000
  20. IIM Sambalpur – ₹10,87,000
Which MBA field is the best?

MBA colleges in India offer different specializations. They are:

  1. MBA in Finance
  2. MBA in Information Technology (IT)
  3. MBA in Marketing
  4. MBA in Human Resource Management
  5. MBA in Logistics Management
  6. MBA in Rural Management
  7. MBA in Operations Management
  8. MBA in Business Management
  9. MBA in Health Care Management
  10. MBA in Business Analytics
Do business schools in India accept GMAT scores?

Yes. Business schools in India accept GMAT scores. In case of IIMs, GMAT scores are accepted for their one year executive MBA programs. You can check them out in the article. If you consider ISB, they accept only GMAT or GRE scores for admission.

Which are the Indian B-schools that accept GMAT scores?

More than 100 Indian B-schools accept GMAT scores for their MBA admissions.

A few of them are:

1. Faculty of Management Studies
2. Indian Institute of Foreign Trade
3. IIM Ahmedabad
4. IIM Bangalore
5. IIM Calcutta
6. IIM Lucknow
7. IIT Madras
8. ISB Hyderabad
9. ISB Mohali
10. NMIMS
11. SP Jain
12. XLRI