Important Facts
Priyanshu Bhatt May 28, 2025 5K Reads
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.
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.
There are several MBA Colleges in India, and we have provided the top-ranked colleges in India according to the latest NIRF Ranking (2024).
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 Calcutta |
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 Lucknow |
Lucknow |
74.43 |
INR 12.60 Lakh |
8 |
Indian Institute of Management Indore |
Indore |
73.53 |
INR 20.11 Lakhd |
9 |
XLRI - Xavier School of Management |
Jamshedpur |
68.13 |
INR 28.60 Lakh |
10 |
Indian Institute of Technology Bombay |
Mumbai |
67.16 |
INR 14.02 Lakhs |
11 |
Management Development Institute |
Gurugram |
66.85 |
INR 26.00 Lakh |
12 |
Indian Institute of Management Rohtak |
Rohtak |
66.49 |
INR 18.92 Lakh |
13 |
Symbiosis Institute of Business Management |
Pune |
65.13 |
INR 24.20 Lakh |
14 |
Indian Institute of Management Raipur |
Raipur |
64.4 |
INR 16.28 Lakh |
15 |
Indian Institute of Foreign Trade |
New Delhi |
62.36 |
INR 21.77 Lakh |
16 |
Indian Institute of Technology Madras |
Chennai |
61.73 |
INR 1.26 Lakhs |
17 |
Indian Institute of Management Ranchi |
Ranchi |
61.27 |
INR ₹18.9 Lakh |
18 |
Indian Institute of Technology Roorkee |
Roorkee |
61.21 |
INR 9.00 Lakhs |
19 |
Indian Institute of Technology Kharagpur |
Kharagpur |
61.03 |
INR 5.00 Lakh |
20 |
S. P. Jain Institute of Management and Research |
Mumbai |
60.97 |
INR 24.00 Lakh |
21 |
SVKM's Narsee Monjee Institute of Management Studies |
Mumbai |
60.94 |
INR 24.00 Lakh |
22 |
Jamia Millia Islamia |
New Delhi |
60.79 |
INR 1.05 Lakh |
23 |
Indian Institute of Technology Mandi |
Mandi |
60.52 |
INR 9.00 Lakh |
24 |
Goa Institute of Management |
Goa |
60.43 |
INR 20.40 Lakh |
25 |
International Management Institute New Delhi |
New Delhi |
60.37 |
INR 21.00 Lakh |
26 |
Great Lakes Institute of Management |
Chennai |
60.30 |
INR 22.65 Lakh |
27 |
Institute of Management Technology, Ghaziabad |
Ghaziabad |
60.22 |
INR 19.53 Lakh |
28 |
T. A. Pai Management Institute |
Manipal |
60.15 |
INR 16.87 Lakh |
29 |
Birla Institute of Management Technology |
Greater Noida |
60.08 |
INR 14.00 Lakh |
30 |
Jaipuria Institute of Management, Noida |
Noida |
60.01 |
INR 13.50 Lakh |
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 2024 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 |
₹23,00,000 |
Average Salary Package |
₹35-37 LPA |
Other Approvals and Accreditations |
EQUIS, Institute of National Importance (Government of India), AACSB Accredited |
The Indian Institute of Management Bangalore holds a strong reputation for academic excellence and leadership in management education. Ranked NIRF 2 in 2024, 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 |
₹24,50,000 |
Average Salary Package |
₹35 LPA |
Other Approvals and Accreditations |
EQUIS, Institute of National Importance |
Ranked third nationally in the NIRF in 2024, 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 |
Ranked fourth in the 2024 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 |
₹11,20,000 |
Average Salary Package |
₹25.8 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
Being placed fifth among Indian institutions by NIRF in 2025, IIM Calcutta 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 Calcutta |
|
Course |
MBA (PGP) |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹27,00,000 |
Average Salary Package |
₹37 LPA |
Other Approvals and Accreditations |
AACSB, EQUIS, AMBA (Triple Crown) |
Formerly known as NITIE Mumbai, the institute has joined the IIM family and climbed to rank number 6 in the NIRF 2024 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 |
₹14,00,000 |
Average Salary Package |
₹22.5 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
The NIRF ranks IIM Lucknow 7th in 2024 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 Lucknow |
|
Course |
MBA, Executive MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹21,00,000 |
Average Salary Package |
₹30 LPA |
Other Approvals and Accreditations |
AACSB, Institute of National Importance |
IIM Indore placed 8th in NIRF 2024 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, Institute of National Importance |
XLRI Jamshedpur holds the position of NIRF 9 for 2024 and is regarded as one of the oldest and leading private management institutes in the nation. This college runs PGDM and executive programs, and it has built a reputation for teaching strong ethics and stressing social responsibility.
XLRI |
|
Course |
PGDM (BM, HRM), Executive |
Entrance Exam |
XAT |
Average Course Fee |
₹24,80,000 |
Average Salary Package |
₹32.7 LPA |
Other Approvals and Accreditations |
AICTE, AACSB, AMBA |
In 2024, NIRF puts the Shailesh J. Mehta School of Management at IIT Bombay among the top 10. MBA and doctoral 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.
IIT Bombay (SJMSOM) |
|
Course |
MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹11,00,000 |
Average Salary Package |
₹28.8 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
MDI Gurgaon earned 11th place in the NIRF in 2024 and is famous for offering excellent PGDM and executive management learning experiences. It is a UN Global Accredited Program and maintains a strong focus on its teachers, teaching content, and connections with industry.
MDI Gurgaon |
|
Course |
PGDM, Executive |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹24,16,800 |
Average Salary Package |
₹27.7 LPA |
Other Approvals and Accreditations |
AMBA, SAQS, NBA, AICTE |
IIM Rohtak, at NIRF 12 in 2024, is gaining in popularity and teaches MBA, IPM, and executive courses. The program includes research, leadership, and innovation, and is therefore popular with professionals planning an MBA.
IIM Rohtak |
|
Course |
MBA, IPM |
Entrance Exam |
CAT, IPMAT |
Average Course Fee |
₹18,25,000 |
Average Salary Package |
₹18.7 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
In 2024, SIBM Pune is placed in the 13th position by NIRF and is a member of Symbiosis International (Deemed University). Their MBA programs are complete and cover all bases, with a strong industry background in offering specializations in marketing, finance, HR, and operations.
Symbiosis Institute of Business Management, Pune |
|
Course |
MBA (Marketing, Finance, HR, Ops) |
Entrance Exam |
SNAP |
Average Course Fee |
₹24,59,000 |
Average Salary Package |
₹23.6 LPA |
Other Approvals and Accreditations |
AICTE, NAAC A++ (SIU deemed university) |
In 2024, IIM Raipur was listed 14th by NIRF and provides students options for MBA, executive, and doctoral degrees. The institute teaches entrepreneurial skills, ethics, and sustainability and has become known as a leading center in management education.
IIM Raipur |
|
Course |
MBA, Executive MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹17,50,000 |
Average Salary Package |
₹19.2 LPA |
Other Approvals and Accreditations |
AACSB, AICTE, Institute of National Importance |
In 2024, NIRF ranks IIFT Delhi 15, and the institute is well known for its focus on international business and trade. Cornell’s unique IB MBA program and numerous global collaborations make it a preferred school for those seeking a global career.
IIFT Delhi |
|
Course |
MBA (International Business) |
Entrance Exam |
IIFT Entrance / CAT |
Average Course Fee |
₹21,77,000 |
Average Salary Package |
₹29.1 LPA |
Other Approvals and Accreditations |
AACSB, NAAC A++, Institute of National Importance |
In the year 2024, according to NIRF, IIT Madras ranked 16th. It offers its MBA programs through the Department of Management Studies. Acclaimed for both its academic merit and its use of new methods, the institute offers a special mix of engineering and management education.
IIT Madras |
|
Course |
MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹8,00,000 |
Average Salary Package |
₹20.3 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
IIM Ranchi secured the NIRF 17 position in 2024 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.
IIM Ranchi |
|
Course |
MBA, HRM |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹17,00,000 |
Average Salary Package |
₹17.3 LPA |
Other Approvals and Accreditations |
AACSB, AICTE, Institute of National Importance |
According to NIRF, IIT Roorkee’s Department of Management Studies has been placed 18th in 2024 and features programs concentrating on analytics, operations, and finance. The institute gives future business leaders strong technical skills and knowledge.
IIT Roorkee |
|
Course |
MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹9,00,000 |
Average Salary Package |
₹18.3 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
Ranked 19th in NIRF in 2024, IIT Kharagpur has a management school called the Vinod Gupta School of Management that runs MBA programs. It uses technology in management education and is famous for leading the way in analytics, operations, and strategy management.
IIT Kharagpur |
|
Course |
MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹11,50,000 |
Average Salary Package |
₹22.1 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
The NIRF places SPJIMR 20 in 2024, and it is well known for offering PGDM and a variety of management courses. Students benefit from the school’s strong principles in education and its active partnerships in the industry, both locally and around the world.
SPJIMR, Mumbai |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT |
Average Course Fee |
₹24,00,000 |
Average Salary Package |
₹33 LPA |
Other Approvals and Accreditations |
AMBA, AACSB, AICTE |
In 2024, the National Institutional Ranking Framework (NIRF) ranked NMIMS Mumbai as number 21, and the School of Business Management delivers a range of management programs. Its courses focus on the realities of industry, as do its exceptional alumni and high-quality education.
NMIMS, Mumbai |
|
Course |
MBA |
Entrance Exam |
NMAT |
Average Course Fee |
₹23,90,000 |
Average Salary Package |
₹18.3 LPA |
Other Approvals and Accreditations |
NAAC A+, AICTE, UGC |
The National Institutional Ranking Framework ranked Jamia Millia Islamia at No. 22 in 2024. JMI’s 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.
JMI, New Delhi |
|
Course |
MBA |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹2,29,400 |
Average Salary Package |
₹19 LPA |
Other Approvals and Accreditations |
UGC, NAAC A++ |
IIT Mandi holds the 23rd position in NIRF 2024 and has special programs in tech and innovation for its MBA students. Emphasis on entrepreneurial and analytical skills at the School of Management gives students the best chance to succeed in dynamic business markets.
IIT Mandi |
|
Course |
MBA (Tech and Analytics Focus) |
Entrance Exam |
CAT (Common Admission Test) |
Average Course Fee |
₹6,00,000 |
Average Salary Package |
₹14.5 LPA |
Other Approvals and Accreditations |
AICTE, Institute of National Importance |
In 2024, GIM was ranked 24th in NIRF and is a leading private school offering PGDM courses with concentrations on healthcare, big data analysis, and sustainability. SMU is famous for its academic achievements and its commitment to good leadership values.
Goa Institute of Management (GIM) |
|
Course |
PGDM (BDA, HCM, etc.) |
Entrance Exam |
CAT, XAT, CMAT |
Average Course Fee |
₹20,58,000 |
Average Salary Package |
₹15.5 LPA |
Other Approvals and Accreditations |
AICTE, SAQS, AMDISA |
In 2024, IMI New Delhi is placed in the NIRF 25 and offers leadership and innovation-focused PGDM and executive programs. Both international cooperation and accreditation by AMBA are part of the institute’s profile.
IMI, New Delhi |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT, GMAT |
Average Course Fee |
₹21,00,000 |
Average Salary Package |
₹17.0 LPA |
Other Approvals and Accreditations |
AMBA, AICTE, NBA |
Great Lakes Institute of Management comes in 26th place, according to NIRF in 2024. The institute stands out because of its one-year PGPM (one-year MBA) and two-year PGDM programs, all emphasizing analytics, digital progress, and entrepreneurship.
Great Lakes Institute of Management, Chennai |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT, CMAT |
Average Course Fee |
₹21,15,000 |
Average Salary Package |
₹15.6 LPA |
Other Approvals and Accreditations |
AMBA, SAQS, AICTE |
According to NIRF, IMT Ghaziabad is ranked in the top 27 for the year 2024, out of all private management schools in India. It runs PGDM courses in different specializations and highlights innovation, ethics, and becoming good global leaders.
IMT, Ghaziabad |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT, GMAT |
Average Course Fee |
₹21,53,000 |
Average Salary Package |
₹17.3 LPA |
Other Approvals and Accreditations |
NBA, AICTE, AACSB |
TAPMI 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 AACSB, the school delivers core and specialized PGDM programs.
TAPMI, Manipal |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT, GMAT |
Average Course Fee |
₹17,34,000 |
Average Salary Package |
₹15.1 LPA |
Other Approvals and Accreditations |
AACSB, AICTE |
The ranking for BIMTECH in 2024 by NIRF is 29. It runs approved AICTE PGDM 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.
BIMTECH, Greater Noida |
|
Course |
PGDM |
Entrance Exam |
CAT, XAT, GMAT |
Average Course Fee |
₹13,50,000 |
Average Salary Package |
₹19 LPA |
Other Approvals and Accreditations |
AICTE, NBA, AACSB (Member) |
The Jaipuria Institute of Management, Noida, ranked number 30 in NIRF 2024 for its strong academics and professional teaching staff. PGDM programs are available at the institute, which also aims to develop leadership and industry skills.
Jaipuria Institute of Management, Noida |
|
Course |
PGDM |
Entrance Exam |
CAT, MAT, XAT, CMAT |
Average Course Fee |
₹11,50,000 |
Average Salary Package |
₹10.5 LPA |
Other Approvals and Accreditations |
AICTE, NBA, NAAC A |
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:
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.
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 |
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The top MBA colleges in India according to NIRF 2024 are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIT Delhi, and IIM Calcutta, among others.
MBA fees vary significantly across institutions, ranging from ₹1 lakh (e.g., IIT Madras, Jamia Millia Islamia) to over ₹28 lakhs (e.g., XLRI, MDI, SIBM Pune).
A candidate must hold a bachelor's degree with at least 50% aggregate marks (45% for reserved categories) from a recognized university. Candidates from any stream can apply.
Common entrance exams include CAT, XAT, GMAT, MAT, NMAT, SNAP, ATMA, and institute-specific exams like IIFT, TISSNET, and IBSAT.
No, work experience is not mandatory for all MBA programs, but it can be beneficial, especially for executive MBA programs or to gain an edge during selection.
Yes, several IITs, including IIT Delhi, Bombay, Madras, Roorkee, Kharagpur, and Mandi, offer MBA programs through their respective departments of management studies.
Popular MBA specialisations include Marketing, Finance, Human Resources, Operations, International Business, Analytics, and Entrepreneurship.
NIRF rankings help students assess institutions based on parameters like teaching, learning, research, outreach, and graduation outcomes, offering a reliable metric for comparison.
Yes, several institutes such as IIM Ahmedabad, IIM Calcutta, and XLRI hold prestigious accreditations like EQUIS, AACSB, and AMBA, known collectively as the Triple Crown Accreditation.
Apart from entrance exam scores, institutes typically conduct group discussions, personal interviews, and written ability tests to shortlist candidates for final admission.
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