MBA Colleges in India 2024
MBA Colleges in India: In India, there are around 110 top MBA colleges. Among them, 64 colleges are privately owned, 45 are owned by public or government organizations, and 1 is owned by a public-private partnership. The primary entrance exams accepted by these top MBA colleges are CAT, XAT, and CMAT. According to the NIRF ranking of 2023, some of the best MBA colleges in India include IIM Ahmedabad, IIM Bangalore, and IIM Calcutta. Notable recruiters for MBA graduates are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, and more.
Top MBA Colleges in India List
- IIM Kozhikode has shown improvement, moving to rank 3 in 2023 from rank 5 in 2022.
- IIM Calcutta has experienced a decline, moving to rank 4 in 2023 from rank 3 in 2022.
- Banaras Hindu University has the lowest tuition fee, which is INR 10,228.
- IIM Ahmedabad offers the average placement package at INR 31.50 LPA.
The leading MBA school in India is IIM Ahmedabad, followed by IIM Bangalore and IIM Kozhikode, as per the latest NIRF rankings for 2023, where they are rated 1, 2, and 3 respectively.
Top MBA Colleges in India Highlights 2024
The Master of Business Administration (MBA) is a highly sought-after postgraduate course, offering a gateway to numerous corporate job opportunities. Students from diverse backgrounds, including Humanities, Business, and Science, opt for this two-year program, which is typically spread across four semesters. Additionally, there are private MBA schools that provide one-year PGDM courses.
Here are some key features of the best MBA colleges in India, providing a concise overview to aid in college selection:
| Parameters | Details |
|---|---|
| Number of MBA Colleges | 110 |
| Top Distance MBA Colleges | XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc. |
| Annual Fees | – INR < 1 lakh: 7 Colleges – INR 1-2 lakh: 5 Colleges – INR 2-3 lakh: 6 Colleges – INR 3-5 lakh: 11 Colleges – INR > 5 lakh: 74 Colleges |
| Top Specializations | Sales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc. |
| Accepted Entrance Exams | CAT, XAT, CMAT, MAT, etc. |
| Number of Top MBA Colleges | 20 IIMs, 23 IITs |
List of Top MBA Colleges in India 2024
| College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
|---|---|---|---|
| Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 |
| Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 |
| Indian Institute of Management, (IIM) Kozhikode | 4 | 5 | 3 |
| Indian Institute of Management, (IIM) Calcutta | 3 | 3 | 4 |
| Indian Institute of Technology, (IIT) Delhi | 5 | 4 | 5 |
| Indian Institute of Management, (IIM) Lucknow | 7 | 6 | 6 |
| IIM Mumbai (formerly known as NITIE) | 12 | 9 | 7 |
| Indian Institute of Management, (IIM) Indore | 6 | 7 | 8 |
| XLRI-Xavier School of Management | 12 | 12 | 9 |
| Indian Institute of Technology Bombay | 10 | 11 | 10 |
Note: Rankings are based on the National Institutional Ranking Framework (NIRF) for the respective years.
List of Top 20 MBA Colleges in India Rank Wise
The top 20 MBA colleges in India rank wise are given below:
| Rank | Top MBA College Name |
|---|---|
| 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 Kozhikode (IIM K) |
| 5 | Indian Institute of Management Indore (IIM I) |
| 6 | Xavier School of Management (XLRI), Jamshedpur |
| 7 | Faculty of Management Studies (FMS), Delhi University |
| 8 | Indian School of Business (ISB), Hyderabad |
| 9 | Management Development Institute (MDI), Gurgaon |
| 10 | SP Jain Institute of Management and Research (SPJIMR), Mumbai |
| 11 | Indian Institute of Foreign Trade (IIFT), Delhi |
| 12 | National Institute of Industrial Engineering (NITIE), Mumbai |
| 13 | Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai |
| 14 | Symbiosis Institute of Business Management (SIBM), Pune |
| 15 | Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay |
| 16 | T.A. Pai Management Institute (TAPMI), Manipal |
| 17 | Institute of Management Technology (IMT), Ghaziabad |
| 18 | International Management Institute (IMI), Delhi |
| 19 | Great Lakes Institute of Management, Chennai |
| 20 | Vinod Gupta School of Management (VGSoM), IIT Kharagpur |
Please note that rankings may vary based on different surveys and criteria, so it’s recommended to check the latest rankings for the most accurate information.
How can I get into the best MBA colleges in India?
To qualify for top B-Schools in India, you need to meet specific admission criteria. While these criteria can vary between colleges, here are the essential requirements for MBA programs:
- Graduation: Candidates should have completed a bachelor’s degree in any discipline or its equivalent from a recognized university.
- Minimum Scores: Many institutes set a minimum score criterion for graduation, often requiring a 50% aggregate or equivalent CGPA. For candidates from reserved categories, the minimum aggregate may be 45% or an equivalent CGPA.
- Final-Year Candidates: Students in their final year of graduation can also apply for MBA programs, but they must provide proof of completing their degree within the specified timeframe set by the institute.
Which entrance exams are accepted by MBA colleges in India?
The primary entrance exams widely accepted by the top MBA colleges in India are:
- CAT (Common Admission Test): CAT is a national-level management aptitude test used for admission to MBA courses offered by 20 IIMs and over 1,200 B-schools across India. The CAT question paper comprises three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
- XAT (Xavier Aptitude Test): XAT is conducted by XLRI, Jamshedpur, and is a national-level exam for admission to MBA/PGDM programs. The test includes four sections: Decision Making, Verbal Ability and Logical Reasoning, Quantitative Ability & Data Interpretation, and General Knowledge.
- MAT (Management Aptitude Test): MAT is a national-level exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is held in multiple sessions in February, May, September, and December, and can be taken in Paper Based Test (PBT), Computer Based Test (CBT), or Internet Based Test (IBT) modes.
What Percentile is Required for Admission to Top MBA Colleges in India?
The CAT cut-off for admission to IIMs varies based on each institute’s category. While the qualifying cut-offs typically range between 80 and 90 percentiles for the General category, the final cut-offs tend to be higher. Below is a table illustrating the qualifying CAT cut-off percentiles for 10 IIMs:
| MBA College Name | CAT Cut-offs |
|---|---|
| IIM Ahmedabad Cutoff | 90 percentile |
| IIM Bangalore Cutoff | 90 percentile |
| IIM Calcutta Cutoff | 90 percentile |
| IIM Lucknow Cutoff | 90 percentile |
| IIM Kozhikode Cutoff | 90 percentile |
| IIM Indore Cutoff | 90 percentile |
| IIM Rohtak Cutoff | 90 percentile |
| IIM Visakhapatnam Cutoff | 90 percentile |
| IIM Trichy Cutoff | 92 percentile |
| IIM Udaipur Cutoff | 92 percentile |
MBA Colleges in India FAQs
Which is the No 1 MBA University in India?
IIM Ahmedabad is the best MBA college in India, and after that comes IIM Bangalore, IIM Kozhikode, and others. The 2023 NIRF rankings for the best MBA colleges include these top three along with IIM Calcutta, IIT Delhi, and XLRI Jamshedpur.
Which MBA is the best in India?
The best MBA colleges in India are the Indian Institutes of Management (IIMs), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and several others.
Which MBA college has highest placement in India?
IIM Bangalore leads the top B-schools, offering the highest average salary of Rs. 35.31 LPA. Following closely are IIM Calcutta, with an average salary of Rs. 35.07 LPA, and FMS Delhi, where the average salary is Rs. 34.10 LPA in the 2023 placement.
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