Top MBA Colleges in India 2022

Top MBA colleges in India include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode and IIM Indore according to the MHRD-NIRF rankings 2021. Other popular B-Schools such as XLRI Jamshedpur, MDI Gurgaon, IMI, SPJIMR, IMT, VIT, Fore School of Management and Department of Management Studies of the IITs also rank among top MBA colleges in India as per the NIRF rankings as well as other B-school surveys such as by India Today, Outlook and Business Today.

Among the top MBA colleges in India, a few of them are also usually ranked as the best among all globally. For example, In the Asia-Pacific B-Schools ranking 2021 by Bloomberg Businessweek the ISB has been ranked at the fifth position while IIM Bangalore has been ranked sixth.

IIM Ahmedabad, IIM Bangalore and SPJIMR have also been ranked among global top 50 institutes in the latest Financial Times Masters in Management (MiM) Rankings 2021. IIM Ahmedabad has been ranked 26th, SPJIMR has been ranked 39th and IIM Bangalore has been ranked 47th. Read below all about MBA rankings and best MBA colleges in India.

Top MBA Colleges in India: Highlights

Check out key highlights of top MBA colleges in India. This quick overview will help in better college selection.

Parameters	Particulars/ Statistics
No. of MBA Colleges in India	5,000 (Approximately)
Fees	-Annual fee < Rs 10 lakh: 6% - Annual fee >Rs 10 lakh: 94%
Top Specialisations	General Management, Marketing, Operations, Sales, Business Analytics, Human Resources, Finance, Digital Marketing, Information Technology, Event Management & PR and Travel & Tourism
Admission Process	Entrance-based: CAT, MAT, XAT, CMAT, NMAT, ATMA, SNAP
Top MBA Colleges in India	IIMs, SPJIMR, XLRI, MDI, IMT, IIT-DoMs, SIBM, etc.

The two-year MBA programme is a gateway to a range of job and entrepreneurial opportunities. This course provides knowledge and training in business administration and operations which are essential for running an organisation. The MBA programme develops communication skills and leadership qualities in the individual, as well.

Students from any background, including Science, Commerce and Humanities can pursue MBA. The full-time MBA is the most popular among all, and includes theory classes, practical projects and internships. Fresh graduates as well as candidates with a few years of work experience opt for a full-time MBA. There are over 5,000 MBA colleges in India that offer the course in various specialisations. Some B-Schools offer an MBA degree while some offer PG diploma (PGDM/PGPM).

MBA Colleges in India Eligibility Criteria

The eligibility criteria for pursing an MBA course is graduation or equivalent from a recognised university. However, the minimum score requirement may vary for niche specialisations. Given below are the basic eligibility criteria for MBA.

Candidates must have passed graduation in any discipline or equivalent from a recognised university as a basic eligibility criteria for MBA (full-time)
Most of the institutes follow the minimum score criteria in graduation as per the AICTE i.e. 50 per cent aggregate or equivalent and five per cent relaxation to students belonging to reserved categories.
Professional degree holders such as MBBS/CA/CS/ICWAI, etc. are also eligible to pursue MBA

Top 10 MBA Colleges in India with NIRF Ranking 2021 and Shiksha Rating (Aggregate)

The Ministry of Education, Government of India, releases an annual ranking of top MBA colleges in India under the National Institutional Ranking Framework or NIRF. The all-India ranking is given to 100 best MBA colleges in India on the basis of several parameters such as teaching, learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity and perception.

Given below is the list of the top 10 MBA colleges in India as per the NIRF ranking 2021. Along with NIRF ranking, we have shared the Shiksha aggregate rating of the top 10 MBA colleges in India, given by the students based on five different parameters such as placements, infrastructure, faculty & course, curriculum, crowd & campus life and value for money.

Top 10 MBA Colleges in India	NIRF ’21 Ranking	Shiksha Rating (Aggregate)
IIM Ahmedabad	1	4.6
IIM Bangalore	2	4.8
IIM Calcutta	3	4.7
IIM Kozhikode	4	4.4
IIT Delhi DoMS	5	4.4
IIM Indore	6	4.4
IIM Lucknow	7	4.5
XLRI Jamshedpur	8	4.6
IIT Kharagpur-VGSOM	9	4.5
IIT Bombay SJMSOM	10	4.6

List of Top MBA Colleges in India (Private & Government)

There are over 3,000 private MBA colleges in India, over 500 public/ government MBA colleges in India and about 70 public-private MBA colleges in India, as listed on Shiksha.

Here is the list of topnPrivate MBA Colleges in India:

Best Private MBA Colleges in India	Course Fee (in INR)
XLRI Xavier School of Management, Jamshedpur	23.60 L
MDI Gurgaon	21.34 L
NITIE, Mumbai	11.33 L
SPJIMR, Mumbai	17.87 L
Symbiosis Institute of Business Management, Pune	10.20 L
SVKM’s Narsee Monjee Institute of Management Studies	10.42 L
Great Lakes Institute of Management, Chennai	11.81 L
Indian Institute of Foreign Trade, Delhi	8.85 L
International Management Institute, Delhi	18.34 L
ICFAI Business School, Hyderabad	14.14 L

Here is the list of top 10 government colleges for MBA

Top Government Colleges for MBA	Course Fee (in INR)
IIM Ahmedabad	23.00 L
IIM Bangalore	18.70 L
IIM Calcutta	10.10 L
IIM Kozhikode	20.50 L
IIT Delhi-DoMS	8.80 L
IIM Indore	17.06 L
IIM Lucknow	5.69 L
IIT Kharagpur-VGSOM	9.26 L
IIT Bombay-SJMSOM	8.67 L
IIT Madras-DoMS	8.00 L

Refer to the infographics below to get an overview of best MBA colleges in India ownership wise:

ROI of Top MBA Colleges in India

A major factor that affects any management institute’s ranking is the Return on Investment or ROI of the course. But what is ROI? ROI can be understood as the balance or gap between the course fee and salary offer after completing the course.

The ROI of top MBA colleges in India is higher than the rest which is why they find a place in all-India rankings by agencies and business magazines. The top MBA colleges in India (NIRF rankings 2021) with the average annual fee and average placement package are tabulated below:

Top MBA colleges in India	Average Annual Fee (in INR)	Average Placement Package (in INR)
IIM Ahmedabad	23 L	26 LPA
IIM Bangalore	23 L	25 LPA
IIM Calcutta	23 L	27 LPA
IIM Kozhikode	20 L	22.50 LPA
IIT Delhi	9.6 L	18.47 LPA
IIM Indore	15 L	22.92 LPA
IIM Lucknow	19 L	24.25 LPA
XLRI Jamshedpur	23 L	18.80 LPA
IIT Kharagpur	10 L	18.00 LPA
IIT Bombay	8.67 L	21.96 LPA

Note: Above statistics on the best business schools in India are based on the latest available data.

Top MBA Colleges in Mumbai	Top MBA Colleges in Delhi-NCR
Top MBA Colleges in Bangalore	Top MBA Colleges in Pune

Top Recruiters for MBA Graduates

MBA graduates from any domain are in high demand. All organisations (big or small, private or government) hire MBA degree holders in various capacities.

Below is the list of best colleges for MBA in India along with their placement ratings and a few top companies that recruit students through campus placements.

Colleges	Placement Ratings (Based on Reviews)	Top Recruiters
IIM Bangalore	4.8	A T 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 One, 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 Clap
IIM Calcutta	4.8	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	4.4	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 Kozhikode	4.3	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
IIM Indore	4.2	Aditya Birla Capital, Axis Bank, Bharti AXA Life Insurance, Alpha Alternatives, BNY Mellon, Goldman Sachs, HDFC Life, ICICI Bank, ICICI Lombard, ICICI Prudential, IDFC, Amazon, Blue Seiner Advisors LLP, Flipkart, IndiaMART, Jeevitam, Paytm, MedikaBazaar, Polycab, Zomato

How affordable is studying MBA in India?

Based on the below pie chart, it can be estimated that pursuing an MBA in India from top-rated colleges is moderately priced. The top 10 MBA colleges in India are however have high fees. Nearly 63 per cent of the colleges in India have a course/ annual fee that of less than INR 10 lakh. Check below, the top MBA colleges in india with fees list.

IIT Kanpur
DMS IIT Delhi
IIT Roorkee
DoMS IIT Madras
SJMSOM IIT Bombay
IIT Kharagpur

Around 31 per cent of MBA colleges have a fee structure that ranges from INR 10-20 lakh. Some of these colleges are:

IIM Lucknow
IIM Udaipur
IIM Raipur
IIM Ranchi
IIM Indore

Around 6 per cent of MBA colleges have a fee structure of more than INR 20 lakh. Some of these colleges are:

IIM Ahmedabad
IIM Bangalore
IIM Calcutta
MDI Gurgaon
XLRI, Jamshedpur
XIM Bhubaneswar

Refer to the infographic below to get a detailed overview of the break-up of Top MBA colleges in India based on fee:

Specialisations offered by Top MBA Colleges in India

In India, the MBA degree is offered in various specialisations. Some of the most prominent ones offered by top MBA colleges in India are listed below:

Finance
Sales & Marketing
Human Resources
Operations
IT & Systems
Business Analytics
International Business
Entrepreneurship

Refer to the infographics below to get an overview of specialisations offered by best MBA colleges in India:

Which are the Most Popular MBA Exams Accepted by Top MBA Colleges in India?

The top MBA colleges in India conduct admission and select candidates strictly on the basis of entrance exam scores. Candidates who wish to pursue an MBA/ PGDM course from Tier 1 and Tier 2 B-School, must appear for one of the national-level MBA entrance exams. Some of the top national-level MBA entrance exams are - CAT, XAT, GMAT, CMAT, MAT, NMAT and ATMA.

Refer to the infographics below to get an overview of exams scores accepted by top MBA colleges in India:

Top MBA Colleges in India
Top MBA Colleges in India Accepting CAT Score	Top MBA Colleges in India Accepting NMAT Score
Top MBA Colleges in India Accepting XAT Score	Top MBA Colleges in India Accepting ATMA Score
Top MBA Colleges in India Accepting MAT Score	Top MBA Colleges in India Accepting SNAP Score
Top MBA Colleges in India Accepting CMAT Score	Top MBA Colleges in India Accepting GMAT Score

Top MBA Colleges in India: Cutoff

The top MBA colleges in India offer admission to candidates on the basis of entrance exam cut offs. The college cutoff ranges between 95 to 100 at top MBA colleges in India. Check the below table for average admission cutoff percentiles of top 10 MBA colleges in India, ranked by NIRF.

College Name	College Cutoff
IIM Bangalore cutoff	99-100 percentile
IIM Ahmedabad cutoff	98-99 percentile
IIM Calcutta cutoff	98-99 percentile
IIM Lucknow cutoff	98-99 percentile
IIT Kharagpur cutoff	90-95 percentile
IIM Kozhikode cutoff	95-98 percentile
IIM Indore cutoff	95-98 percentile
IIT Delhi cutoff	90-95 percentile
XLRI Jamshedpur cutoff	92-94 percentile
MDI Gurgaon cutoff	94-98 percentile