Top-Ranked MBA Colleges in India | Complete Insights on Fees, Rankings & More

The field of management is ripe with career and academic opportunities, and the number of business schools and management institutions offering an MBA in India is innumerable. The top MBA colleges in India typically include the IIMs, the IITs, along with several private management institutions. Here we have provided a few of the select prestigious colleges and universities to pursue an MBA from. 

All You Need to Know About MBA

An MBA, or Master of Business Administration, is a two-year postgraduate degree in management that is available for students to take up after completing graduation. There are many specialisations offered in an MBA degree, and still more colleges to pursue them in. 

Although often the IIMs across India are regarded as the top authority for management education, there are several public and private colleges and institutes that are also highly valued and provide MBA degrees that can pave a bright path for a management career.

Top MBA Colleges in India – NIRF Ranking 2025

There are several MBA Colleges in India, and we have provided the top-ranked colleges in India according to the latest NIRF Ranking (2025). 

NIRF Rank	Institute Name	City	Score	Fees
1	Indian Institute of Management Ahmedabad	Ahmedabad	83.32	INR 20.00 Lakh
2	Indian Institute of Management Bangalore	Bengaluru	81.16	INR 24.50 Lakh
3	Indian Institute of Management Kozhikode	Kozhikode	77.9	INR 20.50 Lakh
4	Indian Institute of Technology Delhi	New Delhi	76.25	INR 12.00 Lakh
5	Indian Institute of Management Lucknow	Kolkata	75.07	INR 25.00 Lakh
6	Indian Institute of Management, Mumbai	Mumbai	74.73	INR 14.00 Lakh
7	Indian Institute of Management Calcutta	Lucknow	74.43	INR 12.60 Lakh
8	Indian Institute of Management Indore	Indore	73.53	INR 20.11 Lakhd
9	Management Development Institute	Jamshedpur	68.13	INR 28.60 Lakh
10	XLRI - Xavier School of Management	Mumbai	67.16	INR 14.02 Lakhs
11	Symbiosis Institute of Business Management	Gurugram	66.85	INR 26.00 Lakh
12	Indian Institute of Technology Kharagpur	Rohtak	66.49	INR 18.92 Lakh
13	Indian Institute of Technology Madras	Pune	65.13	INR 24.20 Lakh
14	Indian Institute of Technology Bombay	Raipur	64.4	INR 16.28 Lakh
15	Indian Institute of Management Raipur	New Delhi	62.36	INR 21.77 Lakh
16	Indian Institute of Management Tiruchirappalli	Chennai	61.73	INR 1.26 Lakhs
17	Indian Institute of Foreign Trade	Ranchi	61.27	INR ₹18.9 Lakh
18	Indian Institute of Management Ranchi	Roorkee	61.21	INR 9.00 Lakhs
19	Indian Institute of Management Rohtak	Kharagpur	61.03	INR 5.00 Lakh
20	S. P. Jain Institute of Management and Research	Mumbai	60.97	INR 24.00 Lakh
21	Indian Institute of Management Udaipur	Mumbai	60.94	INR 24.00 Lakh
22	Indian Institute of Technology Roorkee	New Delhi	60.79	INR 1.05 Lakh
23	Indian Institute of Management Kashipur	Mandi	60.52	INR 9.00 Lakh
24	SVKM`s Narsee Monjee Institute of Management Studies	Goa	60.43	INR 20.40 Lakh
25	Indian Institute of Management	New Delhi	60.37	INR 21.00 Lakh
26	Amrita Vishwa Vidyapeetham	Chennai	60.30	INR 22.65 Lakh
27	Indian Institute of Technology Kanpur	Ghaziabad	60.22	INR 19.53 Lakh
28	Jamia Millia Islamia	Manipal	60.15	INR 16.87 Lakh
29	Indian Institute of Management Visakhapatnam	Greater Noida	60.08	INR 14.00 Lakh
30	Institute of Management Technology	Noida	60.01	INR 13.50 Lakh

1. Indian Institute of Management, Ahmedabad

The Indian Institute of Management Ahmedabad is one of the prestigious institutions that offers quality MBA programs to students. The university is ranked NIRF 1 under the 2025 framework and has several approvals and accreditations, such as EQUIS (European Quality Improvement System) Accreditation, Institute of National Importance (by the Government of India), etc. 

IIM Ahmedabad
Course	Master’s Of Business Administration
Entrance Exam	CAT
Average Course Fee	₹27,50,000
Average Salary Package	₹35-37 LPA
Other Approvals and Accreditations	EQUIS, Institute of National Importance (Government of India), AACSB Accredited

2. Indian Institute of Management Bangalore

The Indian Institute of Management Bangalore holds a strong reputation for academic excellence and leadership in management education. Ranked NIRF 2 in 2025, the institute is accredited by EQUIS and is recognized as an Institute of National Importance. It offers various MBA and executive programs aimed at shaping future business leaders.

IIM Bangalore
Course	MBA (PGP)
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹26,00,000
Average Salary Package	₹35 LPA
Other Approvals and Accreditations	EQUIS, Institute of National Importance

3. Indian Institute of Management Kozhikode

Ranked third nationally in the NIRF in 2025, IIM Kozhikode stands out for its tough academic program and industrial focus. Students can join the institute for full-time, part-time, and executive MBA programs, and it has earned top certifications such as AMBA. This college is regularly recognized as one of the leading business schools in the country.

IIM Kozhikode
Course	MBA, Executive MBA
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹22,50,000
Average Salary Package	₹31 LPA
Other Approvals and Accreditations	AMBA, Institute of National Importance

4. Indian Institute of Technology Delhi

Ranked fourth in the 2025 NIRF framework, IIT Delhi runs its MBA program through the Department of Management Studies (DMS). The institute is famous around the world for its inventions and research success, and its management approach includes both tech know-how and key planning.

IIT Delhi (DMS)
Course	MBA
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹12,00,000
Average Salary Package	₹25.8 LPA
Other Approvals and Accreditations	AICTE, Institute of National Importance

5. Indian Institute of Management Lucknow

Being placed fifth among Indian institutions by NIRF in 2025, IIM Lucknow is the first IIM and a distinguished leader in business education in India. Known for excellent business instruction, this school is recognized by AACSB, EQUIS, and AMBA (Triple Crown Accreditation).

IIM Lucknow
Course	MBA (PGP)
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹21,75,000
Average Salary Package	₹37 LPA
Other Approvals and Accreditations	AACSB, EQUIS, AMBA (Triple Crown)

6. Indian Institute of Management Mumbai

Formerly known as NITIE Mumbai, the institute has joined the IIM family and climbed to rank number 6 in the NIRF 2025 list. The institute mainly studies management topics in industrial engineering, supply chain, and operations. It has been given an Institute of National Importance designation.

IIM Mumbai
Course	MBA in Operations, Supply Chain
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹21,00,000
Average Salary Package	₹22.5 LPA
Other Approvals and Accreditations	AICTE, Institute of National Importance

7. Indian Institute of Management in Calcutta

The NIRF ranks IIM Calcutta 7th in 2025 for its distinguished teaching staff and excellent facilities. By conferring MBA, PGP, and executive degrees, the institute produces professionals adept for jobs in many industries and is an important part of the IIM network.

IIM Calcutta
Course	MBA, Executive MBA
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹30,00,000
Average Salary Package	₹30 LPA
Other Approvals and Accreditations	AACSB, AMBA, EQUIS

8. Indian Institute of Management Indore

IIM Indore placed 8th in NIRF 2025 and mixes conventional education with opportunities to develop globally, and provides full-time MBA, IPM (Integrated Program in Management), and executive education. The business school is approved by both AMBA and AACSB and is famous for its academic excellence and excellent facilities.

IIM Indore
Course	MBA, IPM
Entrance Exam	CAT, IPMAT
Average Course Fee	₹21,17,000
Average Salary Package	₹25.8 LPA
Other Approvals and Accreditations	AACSB, AMBA, EQUIS

9. Management Development Institute

Management Development Institute holds the position of NIRF 9 for 2025 and is regarded as one of the oldest and leading private management institutes in the nation. This college runs MBA, PGPM, PGDM and executive programs, and it has built a reputation for teaching strong ethics and stressing social responsibility.

MDI
Course	MBA, Executive PGDM, PGPM
Entrance Exam	CAT
Average Course Fee	₹18,67,000
Average Salary Package	₹32.7 LPA
Other Approvals and Accreditations	NBA, AACSB, AMBA

10. XLRI- Xavier School of Management

In 2025, NIRF puts the XLRI Jamshedpur among the top 10. PGDM programs here are centered on innovation and learning from different areas of study. The institute is valued by the industry and is renowned for its research work.

XLRI - Xavier School of Management
Course	PGDM
Entrance Exam	XAT (Xavier Aptitude Test)
Average Course Fee	₹30,60,000
Average Salary Package	₹31.0 LPA
Other Approvals and Accreditations	AACSB, AMBA, NBA, AICTE

11. Symbiosis Institute of Business Management

Symbiosis Institute of Business Management earned 11th place in the NIRF in 2025 and is famous for offering excellent MBA learning experiences. It is NAAC Accredited and maintains a strong focus on its teachers, teaching content, and connections with industry.

Symbiosis Institute of Business Management
Course	MBA
Entrance Exam	SNAP (Symbiosis National Aptitude Test)
Average Course Fee	₹22,00,000
Average Salary Package	₹28.83 LPA
Other Approvals and Accreditations	AACSB, NBA, NAAC

12. Indian Institute of Technology Kharagpur

IIT Kharagpur, at NIRF 12 in 2025, is gaining in popularity and teaches MBA, PGPM, and executive courses. The program includes research, leadership, and innovation, and is therefore popular with professionals planning an MBA.

IIT Kharagpur
Course	MBA, MHRM
Entrance Exam	CAT
Average Course Fee	₹11,00,000
Average Salary Package	₹22.75 LPA
Other Approvals and Accreditations	NIRF, QS Ranking, IITFAA

13. Indian Institute of Technology, Madras

In 2025, IIT Madras is placed in the 13th position by NIRF. Their MBA programs are complete and cover all bases, with a strong industry background in offering specializations in marketing, finance, HR, and operations.

Indian Institute of Technology, Madras
Course	MBA, Executive MBA
Entrance Exam	CAT
Average Course Fee	₹11,00,000
Average Salary Package	₹17.9 LPA
Other Approvals and Accreditations	NBA, NAAC A, UGC

14. Indian Institute of Technology in Bombay

In 2025, IIT Bombay was listed 14th by NIRF and provides students options for MBA, and executive degrees. The institute teaches entrepreneurial skills, ethics, and sustainability and has become known as a leading center in management education.

IIT Bombay
Course	MBA, Executive MBA
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹16,00,000
Average Salary Package	₹28.00 LPA
Other Approvals and Accreditations	NIRF, QS Ranking

15. Indian Institute of Management Raipur

In 2025, NIRF ranks IIM Raipur on 15th number, and the institute is well known for its focus on HRM, general management, etc. This institute is best known for giving top quality education and experinced teaching faculty to the students.

IIM Raipur
Course	MBA PGP, MBA Executive
Entrance Exam	CAT
Average Course Fee	₹21,77,000
Average Salary Package	₹19.7 LPA
Other Approvals and Accreditations	AACSB, NIRF, ACQUIN, EQUIS

16. Indian Institute of Technology Tiruchirappalli

In the year 2025, according to NIRF, IIT Tiruchirappalli ranked 16th. It offers managment courses such as PGPM (MBA,HR), PGPBM (MBA for working professionals) and so on. Acclaimed for both its academic merit and its use of new methods, the institute offers a special mix of engineering and management education.

IIT Tiruchirappalli
Course	PGPM (MBA,HR), PGPBM (MBA for working professionals)
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹19,50,000
Average Salary Package	₹19.43 LPA
Other Approvals and Accreditations	AMBA, AACSB

17. Indian Institute of Foreign Trade

IIFT secured the NIRF 17 position in 2025 and is appreciated for designing an innovative curriculum and putting students first. The institute provides MBA, HRM, and doctoral programs and promotes gaining hands-on experience and doing research.

Indian Institute of Foreign Trade
Course	MBA (IB, Business Analytics), HRM
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹21,92,000
Average Salary Package	₹27.3 LPA
Other Approvals and Accreditations	AACSB, NAAC A+

18. Indian Institute of Management Ranchi

According to NIRF, IIM Ranchi has been placed 18th in 2025 and features programs concentrating on MBA courses such as business analytics, and human resources management. The institute gives future business leaders strong business skills and knowledge.

IIM Ranchi
Course	MBA (Business Analytics, HRM) and MBA Executive
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹19,20,000
Average Salary Package	₹19.30 LPA
Other Approvals and Accreditations	NIRF, AASCB, AMBA

19. Indian Institute of Management, Rohtak 

Ranked 19th in NIRF in 2025, IIM Rohtak has a top tier management school that is established in 2009. It has accrediations from AASCB, AMBA, and MoE. It is well-known for its top-notch placement among global and domestic countries. This institute has a strong track record placement with 100% placement record for PGP batch.  

IIM Rohtak
Course	PGP, PGPx, ePGDSM
Entrance Exam	CAT
Average Course Fee	₹19,00,000
Average Salary Package	₹19.27 LPA
Other Approvals and Accreditations	AASCB, AMBA, MoE

20. S.P. Jain Institute of Management & Research 

Ranked 19th in NIRF in 2025, S.P. Jain Institute of Management & Research has a top tier management school that is established in 1981. It has accrediations from AASCB, AMBA (UK), and EQUIS. The NBA and AICTE also given this management institute. It is one of the famous management schools that is listed under the 1% global business schools and holds the prestigious "Triple Crown" accrediation. 

S.P. Jain Institute of Management & Research
Course	PGDM (BM), PGPM, PDGM
Entrance Exam	CAT, MAT, XAT, GMAT
Average Course Fee	₹26,50,000
Average Salary Package	₹33.0 LPA
Other Approvals and Accreditations	AICTE, AASCB, AMBA, EQUIS, NBA

21. Indian Institute of Management Udaipur

The NIRF places IIM Udaipur on the 21st in 2025 and it is well known for offering MBA courses in different specialisations. Students benefit from the school’s strong principles in education and its active partnerships in the industry, both locally and around the world. 

IIM Udaipur
Course	MBA (PGP), MBA in Digital Enterprise Management (DEM)
Entrance Exam	CAT
Average Course Fee	₹22,00,000
Average Salary Package	₹18.8-20 LPA
Other Approvals and Accreditations	AACSB, QS Ranking

22. Indian Institute of Technology, Roorkee

In 2025, the National Institutional Ranking Framework (NIRF) ranked IIT Roorkee as number 22, and this institute delivers a range of management programs. Its courses focus on the realities of industry, as do its exceptional alumni and high-quality education.   

IIT Roorkee
Course	MBA (IT, Finance, HR, Operations, etc)
Entrance Exam	CAT
Average Course Fee	₹4,45,000
Average Salary Package	₹18.50 LPA
Other Approvals and Accreditations	NAAC A+, AICTE, UGC

23. Indian Institute of Management, Kashipur

The National Institutional Ranking Framework ranked IIM Kashipur at No. 23 in 2025. IIM Kashipur Faculty of Management Studies provides MBA courses that promote complete development and ethical leadership. This university is well known for its wide range of academic courses and acceptance of all learners.     

IIM Kashipur
Course	MBA, MBA Executive
Entrance Exam	CAT (Common Admission Test)
Average Course Fee	₹17,30,000
Average Salary Package	₹17.2 LPA
Other Approvals and Accreditations	UGC, AASCB, EQUIS

24. SVKM's Narsee Monjee Institute of Management Studies

In 2025, SVKM's Narsee Monjee Institute of Management Studies was ranked 24th in NIRF and is a leading private school offering PGDM courses with concentrations on healthcare, big data analysis, and sustainability. SVKM is famous for its academic achievements and its commitment to good leadership values.

SVKM's Narsee Monjee Institute of Management Studies
Course	MBA, PGDM (Business Analytics, HRM, etc.)
Entrance Exam	NMAT
Average Course Fee	₹25,00,000
Average Salary Package	₹25.13 LPA
Other Approvals and Accreditations	AICTE, AMBA, AACSB, NBA

25. Indian Institute of Management, Nagpur

In 2025, IIM Nagpur is placed in the NIRF 25 and offers Flagship MBA and executive MBA programs. The institute of IIM Nagpur has accrediation from AACSB, NAAC and NBA. 

IIM Nagpur
Course	Flagship MBA, Executive MBA
Entrance Exam	CAT
Average Course Fee	₹21,00,000
Average Salary Package	₹18.0 LPA
Other Approvals and Accreditations	AACSB, NAAC, NBA

26. Amrita Vishwa Vidyapeetham

Amrita Vishwa Vidyapeetham comes in 26th place, according to NIRF in 2025. The institute stands out because of their various MBA specialisations such as business analytics, human resources management, finance and so on, all emphasizing analytics, management, and entrepreneurship.

Amrita Vishwa Vidyapeetham
Course	MBA (Business Analytics, HRM)
Entrance Exam	ACAT, CAT, XAT, MAT, CMAT
Average Course Fee	₹12,00,000
Average Salary Package	₹22.9 LPA
Other Approvals and Accreditations	NAAC A++, AASCB, NBA

27. Indian Institute of Technology Kanpur

According to NIRF, IIT Kanpur is ranked in the top 27 for the year 2025, out of the top management schools in India. It runs MBA courses in different specializations and highlights innovation, ethics, and becoming good global leaders.

IIT Kanpur
Course	MBA (Marketing, HRM, Finance)
Entrance Exam	CAT
Average Course Fee	₹7,00,000
Average Salary Package	₹18.2 LPA
Other Approvals and Accreditations	QS Ranking

28. Jamia Millia Islamia, New Delhi

JMI New Delhi achieved 28 positions in the latest NIRF ranking. Many know the institute for its challenging curriculum and its impressive placement achievements. Since it is accredited by AICTE, NBA, NCTE, the school delivers core and specialized MBA programs.

JMI, New Delhi
Course	MBA
Entrance Exam	JMI Entrance Exam or JMI CDOE Entrance Exam
Average Course Fee	₹94,000
Average Salary Package	₹10.2 LPA
Other Approvals and Accreditations	NAAC A++, NBA, AICTE, NCTE

29. Indian Institute of Management Visakhapatnam

The ranking for Indian Institute of Management Visakhapatnam in 2025 by NIRF is 29. It runs approved NBA and NAAC PGP MBA and MBA Executive programs and puts a strong emphasis on ethics, innovations, and sustainability. The institute stands out because it offers a multicultural experience and creates an industry-based curriculum.

IIM Visakhapatnam
Course	PGP (MBA), Executive MBA
Entrance Exam	CAT
Average Course Fee	₹20.91 LPA
Average Salary Package	₹17 - 40 LPA
Other Approvals and Accreditations	NAAC, NBA

30. Institute of Management Technology, Ghaziabad

The Institute of Management Technology, Ghaziabad, ranked number 30 in NIRF 2025 for its strong academics and professional teaching staff. PGDM programs are available at the institute, which also aims to develop leadership and industry skills.

Institute of Management Technology, Ghaziabad
Course	MBA (HRM, Marketing, Finance), PGDM for working professionals
Entrance Exam	CAT, MAT, XAT, CMAT
Average Course Fee	₹21,61,000
Average Salary Package	₹17-25 LPA
Other Approvals and Accreditations	AACSB, AIU, NBA

Eligibility Criteria to Apply to Apply to Top MBA Colleges of India

Most of the MBA colleges in India have selection and admission criteria on the basis of which aspirants are taken in for the course. Admissions to top MBA colleges and B-schools are entrance-based, and students must appear and qualify for such examinations with a minimum percentile to be eligible for admission. 

The basic eligibility criteria for an MBA course are: 

• The candidate should have completed their graduation from a recognised university or higher educational institution (HEI). 
• The candidate should have secured at least 50% aggregate marks in the qualifying examination to be eligible (in some universities, a relaxation of 5% may be provided to students belonging to a reserved category). 
• Candidates from any educational stream at their graduation level are eligible to apply to this course.

Entrance Examinations for MBA in India

There are 2 main types of entrance examinations for admission to an MBA course in India. A university may accept candidates who have appeared in a national-level entrance exam, or it may screen candidates through their aptitude tests for admission. 

Given below is a brief overview of the common entrance tests that universities consider for screening MBA aspirants. 

• National Level Entrance Exams:These include entrance examinations like the Common Admission Test (CAT), the Xavier Aptitude Test (XAT),  NMAT the Management Aptitude Test (MAT), the  Graduate Management Admission Test (GMAT), the AIMS Test for Management Admission (ATMA), the Symbiosis National Aptitude Test (SNAP), etc. Performance of the candidate in these examinations is often accepted by management institutes and B-schools across the nation as a criterion for MBA admissions.

• Institute Level Entrance Exam:These are university or institute-specific entrance examinations. Examples include the Tata Institute of Social Sciences National Entrance Test (TISSNET), the ICFAI Business Studies Aptitude Test (IBSAT), the IIFT MBA Entrance Exam, etc.Apart from performance in entrance exams, candidates are also screened for further admissions by various B-schools through personal interviews or group discussions. 

Other Alternative Options 

A regular MBA is one of the best things a person can pursue in their educational career, but regular postgraduate programs take a lot of money, time, and effort. So, instead of doing a regular mode of study, plan to opt for an online degree. Save your resources and get equivalent ROI on investment.

Online degrees are something that you can opt for instead of regular degree programs, as they are on par with the regular mode of education. But, just keep in mind that the university you opt for is approved and accredited. That’s why, down below, we have provided some of the best online universities where you can pursue your online MBA program. 

Top Online Universities
Jain University Online	Liverpool John Moores University	NMIMS Online
MAHE Manipal Online	Golden Gate University	Amity University Online