Important Facts
College Vidya Team Sep 10, 2024 4.9K 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 are innumerous. The top MBA colleges in India typically include the IIMs, the IITs, along with a number of private management institutions. Here we have provided few of the select prestigious colleges and universities to pursue an MBA from.
An MBA, or Masters of Business Administration is a two-year postgraduate degree in management which is available for students to take up after completing graduation. There are many specialisations offered in an MBA degree and still more colleges for pursuing them from.
Although often the IIMs across India are regarded as the top authority for management education, there are a number of public and private colleges and institutes which are also highly valued and provide MBA degrees that can pave a bright path for a management career. Also Read: Full form of MBA.
Before we move forward here is a list of the top 10 MBA colleges In India as per the NIRF rankings of 2024.
Top MBA Colleges In India |
NIRF Ranking 2024 (Management Category) |
Average Salary Offered in Placements |
Indian Institute of Management Ahmedabad |
1 |
INR 35 LPA |
Indian Institute of Management Bangalore |
2 |
INR 34 LPA |
Indian Institute of Management Kozhikode |
3 |
INR 30 LPA |
Indian Institute of Technology, Delhi |
4 |
INR 22 LPA |
Indian Institute of Management Calcutta |
5 |
INR 35 LPA |
Indian Institute of Management Mumbai |
6 | INR 34 LPA |
Indian Institute of Management Lucknow |
7 |
INR 31 LPA |
National Institute of Industrial Engineering, Mumbai |
8 |
INR 21 LPA |
Indian Institute of Management Indore |
9 |
INR 25 LPA |
XLRI - Xavier School of Management |
9 |
INR 30 LPA |
Indian Institute of Technology (IIT) Bombay |
10 |
INR 29 LPA |
Here we have provided a list of the top 10 MBA colleges across India based upon the NIRF rankings of the management category in 2024. These colleges are considered highly prestigious and regarded in academic and professional circles.
Indian Institute of Management, Ahmedabad has consistently been ranked as the top management institute in India since 2020, and offers students with world-class education in management through its degrees and diplomas. It offers a Post Graduate Program (PGP) in Management to students of a duration of 2 years.
The PGPM course offered by IIM Ahmedabad has an average course fee of INR 25 lakhs including the tuition fee, the security deposit and the mess fee. The institute accepts performance of candidates on entrance examinations such as CAT and GMAT.
Here are a few basic details about the MBA program offered at IIM-A:
Course |
Post Graduate Program in Management (PGPM) |
Accreditations |
NIRF (Rank 1 in Management Category), EQUIS |
Specialisations |
Food and Agri Business Management |
Fees |
Nearly INR 25 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 35 LPA |
Along with IIM-A, the Indian Institute of Management, Bangalore (IIM-B) is one of India’s top business schools that provides an MBA course to students. It is a NIRF ranked second best management institute of India as of 2024. Not only this, it has the prestigious EQUIS accreditation since 2018.
IIM-B offers students a full-time MBA of a duration of 2 years. There are a large number of specialisations that are provided for this course. The candidates who wish to seek admissions in this course should have qualified the CAT or GMAT entrance examinations. The fee range for an MBA from IIM-B ranges from INR 24 to INR 25 lakhs. Courses at IIM-B are provided along with financial support facilities.
The placement services of IIM-B for the MBA program are some of the best in the nation and a majority of students pursuing the course secure lucrative jobs in various management fields after completing an MBA from IIM-B.
Here are a few basic details about the MBA program of IIM-B.
Course |
Masters of Business Administration (MBA) |
Accreditations |
NIRF (Rank 2 in Management Category), EQUIS |
Specialisations |
|
Fees |
INR 24 lakhs- INR 25 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 34 LPA |
IIM Kozhikode (IIM-K) has been awarded the rank of top third management institution of India by the NIRF in 2024. The institute has been accredited with top management approvals such as EQUIS and AMBA. It provides a Post Graduate Program (PGP) in Management to students over a period of 2 years. This PGPM is a full-time management course offered in the specialisation domains of Economics, HRM and organisational behaviour, marketing etc.
The institute accepts applications from candidates who have qualified either the CAT or the GMAT. The average course fee for pursuing a PGPM from IIM-K is INR 20 lakhs to INR 21 lakhs. The RoI at IIM-K is also satisfactorily high as the average placement packages range around INR 30 LPA.
Here are some of the details about the PGPM in IIM-K.
Course |
Post Graduate Program in Management (PGPM) |
Accreditations |
NIRF (Rank 3 in Management Category 2024), EQUIS, AMBA |
Specialisations |
|
Fees |
INR 20 lakhs to INR 21 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 30 LPA |
Although conventionally regarded as a top institution for technical education like engineering, the Indian Institutes of Technology (IIT)-Delhi also holds an authority for extending elite education in business administration to students. Out of the 8 IITs that extend an MBA degree to students, 6 are within the top 15 NIRF ranked management institutions. IIT-Delhi is the fourth top management institution of India.
The MBA course from the IIT-Delhi is highly valued and regarded as a very valuable qualification for a management career in India and abroad. The Return on Investment (RoI) for an MBA from IIT-D is quite high and hence it is a very popularly aspired-for institution for getting an MBA degree from. The approximate fee range for completing an MBA from IIT-D is from INR 10 lakhs to INR 11 lakhs. Graduates need to appear for the CAT examination and obtain a percentile score above the cut-off to get admission in IIT-D for MBA.
Here is an overview of the important details regarding an MBA from an IIT.
Course |
Masters in Business Administration (MBA) |
Accreditations |
NIRF (Rank 4 in Management Category 2024), NBA, NAAC ‘A’ |
Specialisations |
|
Fees |
INR 10 lakhs to INR 11 lakhs |
Entrance Exam Scores Accepted |
CAT |
Placements Average Salary |
INR 22 LPA |
IIM Calcutta has been ranked the top fifth management institution of India, and has the AACSB accreditation which is one of the most prestigious business studies accreditations. The institute provides its 2-year MBA degree course in the regular mode which is also the flagship program of the university. The institute has been consistently ranked among the top 5 B-schools of India.
IIM-C accepts those candidates for its MBA program who have qualified the CAT or GMAT examination. The two-year MBA course is offered in a total of 12 specialisation areas. The average course fee for the MBA program in IIM-C is roughly INR 24 lakhs and the placements are highly paid in this institute, thus providing an excellent RoI to graduates.
Find more details about the MBA course from IIM-C here.
Course |
Masters of Business Administration (MBA) |
Accreditations |
NIRF (Rank 5 in Management Category), AACSB |
Specialisations |
|
Fees |
INR 24 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 35 LPA |
The Indian Institute of Management Mumbai is an NIRF ranked sixth top business school of India that has been recognized worldwide as the leader in the field of engineering education and research. It offers students with a Post Graduate Diploma in Industrial Management (PGDIM), which is considered to be an equivalent of a conventional MBA degree.
Candidates who have qualified the CAT examination are eligible to apply to this course. The average course fee for the PGDIM is around INR 12.5 lakhs and the placements on an average reach an offered package of INR 54 lakhs, making up for an excellent RoI of the institute.
Here are some of the details of the PGDIM program of IIM Mumbai.
Course |
Post Graduate Diploma in Industrial Management (PGDIM) |
Accreditations |
NIRF (Rank 6 in Management Category) |
Specialisations |
|
Fees |
INR 12.5 lakhs |
Entrance Exam Scores Accepted |
CAT |
Placements Average Salary |
INR 54 LPA |
IIM Lucknow is India’s top seventh management institution as ranked by the NIRF as of 2024 and also has prestigious accolades like the AACSB and the AMBA. IIM-L offers a Post Graduate Program in Management (PGPM) in a number of specialisation areas. This PGPM is equivalent to an MBA degree and is also a 2-year full time management course.
IIM Lucknow accepts candidates who have appeared in and qualified the CAT or GMAT entrance exam. The full course fee for a PGPM from IIM-L is INR 19 lakhs to INR 20 lakhs. All-round placement support is also extended by the institute, which ensures a good return on investment to students.
Here are a few more basic details about the PGPM offered at IIM-L.
Course |
Post Graduate Program in Management (PGPM) |
Accreditations |
NIRF (Rank 7 in Management Category 2024), AACSB, AMBA |
Specialisations |
|
Fees |
INR 19 lakhs to INR 20 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 31 LPA |
IIM Indore is a NIRF ranked top eighth business school of India and a part of the prestigious thread of management institutions-the Indian Institution of Management (IIM). It has all three of the internationally regarded top accreditations for business education- the EQUIS, the AMBA and the AACSB.
IIM Indore offers students a Post Graduate Program in Management (PGPM) in 6 areas of specialisations-Marketing, Finance, Human Resource Management, Quantitative Research, Operations, Economics and Strategy. Candidates who have qualified and cleared the CAT or GMAT examinations are taken in for admission screening and the full course fee for completing the PGPM from IIM-I . The fee range for the course is nearly INR 21 lakhs.
Find more details about the PGPM from IIM-Indore here.
Course |
Post Graduate Program in Management (PGPM) |
Accreditations |
NIRF (Rank 8 in Management Category 2024), AACSB, AMBA, EQUIS |
Specialisations |
|
Fees |
INR 21 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 25 LPA |
XLRI, Xavier School of Management provides students with an AICTE-approved PGDM degree, i.e. a Post Graduate Diploma in Management, which is an equivalent qualification as an MBA degree. XLRI, Xavier School of Management is a well-acclaimed private business school in Jamshedpur, Jharkhand. It is the 8th ranked management institution of India as per the NIRF (2024). XLRI has gained the prestigious accreditation and membership from Association of MBAs (AMBA) and the AACSB.
The PGDM programme of XLRI is of a duration of 15 months. To get admission in XLRI for a PGDM course, a student must appear in and clear the Xavier Aptitude Test (XAT) with a valid percentile score. The average course fee for a PGDM ranges from INR 20 lakhs to INR 25 lakhs. XLRI offers two main PGDM specialisations- Human Resource Management (HR) and Business Management (BM) which further consists of aspects like marketing management, finance management, strategic management etc.
Here are a few basic details about the PGDM course from XLRI.
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 9 in Management Category), AMBA, AACSB |
Specialisations |
Business Management |
Fees |
INR 20 lakhs to INR 25 lakhs |
Entrance Exam Scores Accepted |
XAT |
Placements Average Salary |
INR 30 LPA |
The Indian Institute of Technology (IIT) Bombay is among the top accredited and prestigious institutions of higher education across the globe. In addition to providing globally-recognised engineering and technological degrees, IIT Bombay also offers a 2-year MBA program in 4 specialisation areas (finance, marketing, operations and information systems). The management course at IIT Bombay is offered through the Shailesh J. Mehta School of Management. CAT scores are used as the major screening factor in addition to personal interviews and group discussions. The course is offered along with placement services, which offer attractive RoIs to students after graduation.
Find more details about the MBA program at IIT Bombay here.
Course |
Master of Business Administration (MBA) |
Accreditations |
NIRF (Rank 10 in Management Category), QS World University Ranking (Business and Management |
Specialisations |
|
Fees |
|
Entrance Exam Scores Accepted |
CAT |
Placements Average Salary |
INR 29 LPA |
Apart from the NIRF top ranked MBA colleges, there are multiple other MBA institutions in India that provide elite education in the various in-demand specialisations of management. Across various locations of India, there are a large number of private and public colleges and universities that offer an MBA degree program. Here we have curated a list of the few best alternative MBA educational institutions across India in addition to the above mentioned MBA colleges.
The Management Development Institute is one of India’s top management institutions and has a host of prestigious accreditations and recognitions, which includes the likes of AACSB, AMBA, SAQS as well as the NBA. MDI, Gurgaon is a lucrative option for studying management at the PG level.
MDI offers a PGDM degree of 2 years to students in specialisation areas of accounting and finance, operations management, marketing, strategy and information management. MDI provides the unique opportunity to students to go for a dual specialisation. The institute accepts scores on entrance examinations like CAT and GMAT. The average course fee for the PGDM program at MDI ranges from INR 20 lakhs to INR 24 lakhs. The RoI is quite satisfactory for this management institute due to the regular placements.
Find more details about MDI Gurgaon’s PGDM course here.
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
AMBA, AACSB, SAQS, NBA, NIRF Rank 13 in Management Category |
Specialisations |
|
Fees |
INR 20 lakhs to INR 24 lakhs |
Entrance Exam Scores Accepted |
CAT, GMAT |
Placements Average Salary |
INR 24 LPA |
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai is one of the top private business schools out there that provides an MBA degree to graduates. It is among the top 25 management institutions of India as per the NIRF and has been granted the status of an A+ institution of higher education by the NAAC. The School of Business Management (SBM) at NMIMS is also AACSB recognised.
The MBA at NMIMS, is a highly valued and well-recognised degree and provides excellent RoI to graduates. To get admission to NMIMS to take up an MBA, students must clear the NMIMS Management Aptitude Test (NMAT). The average course fee for an MBA from NMIMS is between INR 15 lakhs to INR 20 lakhs. The university has a stellar placement record as well and has recruiting partners such as Capgemini, Google, Cognizant, Cisco, Aditya Birla Group etc.
Find more details about the MBA program of NMIMS.
Course |
Masters in Business Administration (MBA) |
Accreditations |
NIRF (Rank 21 in Management Category), NAAC A+, AACSB |
Specialisations |
|
Fees |
INR 15 lakhs to INR 20 lakhs |
Entrance Exam Scores Accepted |
NMAT/GRE/GMAT |
Placements Average Salary |
INR 23 LPA |
Symbiosis Institute of Business Management (SIBM) is a part of the prestigious Symbiosis International (Deemed-to-be) University (SIU) for higher education which was established in 1978. SIBM is an excellent college to obtain your MBA education from as it has been ranked among the top 20 management institutions of India by the NIRF and granted a gold star by the QS Star University Rating (2018).
SIBM offers a full-time MBA of 2 years to graduates in specialisation areas such as marketing management, finance management, human resource management, data analytics, operations and supply chain management, leadership and strategy, innovation and entrepreneurship etc. To get admission into the MBA program offered at SIBM, students must clear the SNAP entrance exam (Symbiosis National APtitude test). The course fee for an MBA from SIBM ranges roughly between INR 16 lakhs to INR 25 lakhs.
The major details of the course and university are provided below.
Course |
Masters of Business Administration (MBA) |
Accreditations |
NIRF (Rank 17 in Management Category), NAAC A++, QS World University Star Rating etc. |
Specialisations |
|
Fees |
INR 16 lakhs to INR 25 lakhs |
Entrance Exam Scores Accepted |
SNAP |
Placements Average Salary |
INR 21 LPA |
S.P. Jain Institute of Management and Research (SPJIMR) is one of India’s top B-schools and it provides a Post Graduate Diploma in Management (PGDM) in the general management domain and business management domains. SPJIMR is one of the top 20 management institutions of India (as per NIRF Rankings 2024) and has received the recognition from AACSB, one of the premier accreditations for global management education.
This institute is a good option for taking up a PGDM course from, as the faculty here is excellent, there are a large number of skill development options and the RoI in terms of the placements are also satisfactorily high. SPJIMR accepts candidates who have cleared entrance examinations such as CAT, XAT and GMAT. The average fee range for a PGDM course from SPJIMR is INR 19 lakhs to INR 21 lakhs.
Here are a few important details about the PGDM course from S. P. Jain Institute of Management and Research (SPJIMR).
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 20 in Management Category), AACSB |
Specialisations |
|
Fees |
INR 19 lakhs to INR 21 lakhs |
Entrance Exam Scores Accepted |
CAT/XAT/GMAT |
Placements Average Salary |
INR 30 LPA |
The Faculty of Management Studies (FMS), Delhi is one of the top ranking business and management colleges of India, which is affiliated to the University of Delhi. FMS Delhi is among the top management institutions of India, and one of the most affordable alternatives among many others.
The flagship program of FMS Delhi is the MBA program offered by the college and the MBA course at FMS Delhi offers an affordable option for quality education in management. The average course fee for completing an MBA from FMS Delhi is INR 1.92 lakhs, and considering the affordability of education, this college provides a huge RoI to students through excellent placements after graduation. The college accepts candidates who have appeared in the CAT examination.
Here are a few basic details about the MBA program at FMS Delhi.
Course |
Master of Business Administration (MBA) |
Accreditations |
NAAC |
Specialisations |
NA |
Fees |
INR 1.92 lakhs |
Entrance Exam Scores Accepted |
CAT |
Placements Average Salary |
INR 32 LPA |
The Indian Institute of Foreign Trade, New Delhi is a government-owned international trade institute wherein interested students can take up an MBA in International Business. The institute is among the top 230 management institutions of the nation as per the NIRF ranking of 2024, and has also received a NAAC rating of ‘A’. Additionally, it has received the prestigious accreditation from AACSB, one of the leading business education accreditations.
IIFT, New Delhi offers students a 2-year MBA degree in the specialisation of International Business. Scores in entrance examinations such as GMAT and the university’s own IIFT MBA Entrance Exam are accepted for admission. The fees for completing an MBA from IIFT is about INR 22 lakhs and the placement opportunities here are varied and appealing. This institute has a repute in management education in the domain of international business and students interested in this field should take up an MBA from IIFT.
More relevant details about pursuing an MBA from IIFT are given below.
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 27 in Management Category), NAAC ‘A’, AACSB |
Specialisations |
International Business Management |
Fees |
INR 22 lakhs |
Entrance Exam Scores Accepted |
IIFT/ GMAT |
Placements Average Salary |
INR 25 LPA |
Amrita Vishwa Vidyapeetham is an elite higher educational institution of Coimbatore, Tamil Nadu. It is an excellent university to take up an MBA from since it is a NAAC rated A++ higher educational institution, and among the top ranked universities by NIRF. It is the only Indian university to have received a ranking in the World's Top 100 Universities by the Times Higher Education (THE) Impact Rankings.
Amrita University offers a full-time MBA course in the specialisation areas of finance, human resource management, marketing management, operations and information systems and analytics. For admission to the university, the candidate must have qualified any of the management aptitude exams, namely, CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE. They can also appear for the Amrita MBA Entrance Test. The average fee for the MBA program in this university is INR 10 lakhs to INR 15 lakhs. The university has facilities for financial support in the form of fee waivers, scholarships and fee concessions for students. The university is known for its academic rigour and emphasis on experiential learning of students.
Here are the relevant details of the MBA course offered by Amrita Vishwa Vidyapeetham.
Course |
Master of Business Administration (MBA) |
Accreditations |
NAAC A++, NIRF (Rank 30 in Management Category), ISO, NABH etc. |
Specialisations |
|
Fees |
INR 10-INR 15 Lakhs |
Entrance Exam Scores Accepted |
CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE |
Placements Average Salary |
INR 7 LPA |
ICFAI Foundation of Higher Education (IFHE), Hyderabad, commonly known as IFHE, is a NAAC rated A++ institute, also ranked among the top 50 management institutions of the nation. It has received the prestigious AACSB accreditation for management and the MBA course from ICFE is useful for career growth in the management sector.
To seek admissions in IFHE for MBA, you must appear for and qualify the ICFAI Business School Aptitude Test (IBSAT). The institute offers a MBA degree in 6 areas of specialisations, namely finance management, HR management, marketing management, operations and IT management, economics and healthcare management. The cost of pursuing an MBA from this university is about INR 15 lakhs to INR 17 lakhs. The alumni connect and job prospects available after completing an MBA from IFHE are excellent.
Here are the basic details of the MBA course at ICFAI in a summarised table.
Course |
Master of Business Administration (MBA) |
Accreditations |
NAAC A++, NIRF (Rank 40 in Management Category) AACSB etc. |
Specialisations |
|
Fees |
INR 15-INR 17 lakhs |
Entrance Exam Scores Accepted |
IBSAT/CAT/GMAT/NMAT |
Placements Average Salary |
INR 9 LPA |
Great Lakes Institute of Management, Chennai, is a renowned management institution that has been recognised by prestigious business and education bodies like the SAQS, AMBA etc. The institute is among the top 40 management institutes across India as per the NIRF rankings of management category, 2024. Great Lakes Institute of Management provides students with a PGDM degree which has been approved by the AICTE.
The PGDM program in Great Lakes is provided to students in the specialisation areas like marketing management, finance management, OB/HR/Strategy management, operations management and AI & ML. Candidates who have qualified an entrance examination of the national level like CAT/GMAT/XAT/CMAT can seek admission to this course. The cost of the full program is nearly INR 18 lakhs. The PGDM course of Great Lakes is regarded as being highly industry-oriented and the scope of campus placement with appealing salary packages is also high.
Here are the relevant details regarding the PGDM course offered by Great Lakes Institute of Management.
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 31 in Management Category), AMBA, SAQS, AICTE etc. |
Specialisations |
|
Fees |
INR 18 lakhs |
Entrance Exam Scores Accepted |
CAT/GMAT/XAT/CMAT |
Placements Average Salary |
INR 13 LPA |
IMT Ghaziabad is a renowned private university which has a number of prestigious accreditations and recognitions including the likes of AACSB, SAQS, NBA and a membership of the AIU. IMTG can be a good alternative for higher education for management aspirants who want to take up a PGDM course.
IMTG offers students AICTE-approved PGDM in areas of specialisation like marketing, finance, dual country program, banking and financial services etc. The institute accepts candidates who have qualified entrance examinations like CAT, GMAT or XAT. Pursuing a PGDM course from IMT Ghaziabad costs about INR 20 lakhs for the full program. The institute provides a good scope of career growth and a satisfactory RoI to graduates in terms of placement opportunities. Added to that is the benefit of choosing from a number of modes in which the course is completed such as in the dual country mode, the accelerated mode or the working professionals format (PGDM-WE).
Find more details about the PGDM from IMT Ghaziabad here.
Course |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 38 in Management Category), AACSB, NBA, SAQS, AICTE etc. |
Specialisations |
|
Fees |
INR 20 lakhs |
Entrance Exam Scores Accepted |
CAT/GMAT/XAT |
Placements Average Salary |
INR 18 LPA |
Amity University is a well known and highly regarded institution of higher education across a variety of domains, and is equally famous for its MBA program. Amity university is one of the reputed private institutions to take up an MBA from. Its MBA program is approved by the UGC as well as the AICTE. The university itself has a host of prestigious accreditations and recognitions, including the membership in the AIU, ACU, a NAAC A+ rating and more.
Amity university accepts candidates who have appeared for and qualified an entrance exam such as CAT, XAT, NMAT, MAT, GMAT or CMAT. Additionally, the candidate can also seek admission through appearing in the Amity written test on the day of their interview. The university also conducts a personal interview for admission to its MBA program. The average fee range for the course is between INR 6 lakhs to INR 13 lakhs.
Find more details about the MBA course at Amity University here.
Course |
Masters in Business Administration (MBA) |
Accreditations |
NAAC A+, NIRF (28 in Management Category), AICTE, AIU, ACU etc. |
Specialisations |
|
Fees |
INR 6 lakhs to INR 13 lakhs |
Entrance Exam Scores Accepted |
CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam |
Placements Average Salary |
INR 6 LPA |
Lovely Professional University (LPU), Phagwara, Punjab, is a UGC-approved university that has also been recognised by bodies such as NCTE, Bar Council of India (BCI) etc. The university provides a full-time MBA course both as general management courses as well as industry-collaborated courses.
LPU accepts candidates who have appeared and successfully cleared the LPU National Entrance and Scholarship Test (LPUNEST). The course fee for an MBA from LPU ranges between INR 4 lakhs to INR 5 lakhs. The RoI for an MBA from LPU is also satisfactorily high as students can bag lucrative job opportunities in companies like Cognizant, Capgemini, Morgan Stanlet, TVS, Mercedes Benz etc. that partner with the university.
Here are the basic details about the MBA from LPU.
Course |
Master of Business Administration (MBA) |
Accreditations |
UGC, NCTE, BCI, NIRF (Rank 32 in Management Category) |
Specialisations |
|
Fees |
INR 4 lakhs to INR 5 lakhs |
Entrance Exam Scores Accepted |
LPU NEST/XAT/MAT/CAT/CMAT |
Placements Average Salary |
INR 5 LPA |
The National Institutional Ranking Framework, or the NIRF, is the top ranking body for institutions of higher education, and releases its national ranking of colleges and universities every year. Here we have listed the top 100 colleges for MBA and management studies as per the NIRF Ranking (2024) under the ‘Management’ category.
College/Institute |
NIRF Ranking 2024 |
1 |
|
2 |
|
5 |
|
4 |
|
3 |
|
7 |
|
8 |
|
9 |
|
NA |
|
16 |
|
10 |
|
19 |
|
11 |
|
14 |
|
17 |
|
Indian Institute of Management, Rohtak |
12 |
Symbiosis Institute of Business Management, Pune |
13 |
Indian Institute of Management, Tiruchirappalli |
27 |
Indian Institute of Technology, Roorkee |
18 |
Indian Institute of Technology, Kanpur |
29 |
S. P. Jain Institute of Management & Research, Mumbai |
18 |
Indian Institute of Management, Udaipur |
22 |
Indian Institute of Management, Kashipur |
23 |
Indian Institute of Foreign Trade, New Delhi |
15 |
SVKM`s Narsee Monjee Institute of Management Studies, Mumbai |
21 |
Indian Institute of Management, Shillong |
24 |
Amrita Vishwa Vidyapeetham, Coimbatore |
28 |
Amity University, Gautam Budh Nagar |
29 |
Jamia Millia Islamia, New Delhi |
25 |
International Management Institute, New Delhi |
40 |
Great Lakes Institute of Management, Chennai |
34 |
ICFAI Foundation for Higher Education, Hyderabad |
39 |
Indian Institute of Management, Visakhapatnam |
26 |
Lovely Professional University, Punjab |
38 |
XIM University, Bhubaneswar |
43 |
GOA Institute of Management, Sanquelim |
37 |
Indian Institute of Management Jammu (IIMJ) |
42 |
T. A. Pai Management Institute Manipal |
NA |
National Institute of Technology, Tiruchirappalli |
51 |
Chandigarh University, Mohali |
36 |
University of Petroleum and Energy Studies, Dehradun |
41 |
MICA, Ahmedabad |
32 |
Indian Institute of Management Nagpur |
31 |
Institute of Management Technology, Ghaziabad |
NA |
Nirma University, Ahmedabad |
55 |
Indian Institute of Technology (Indian School of Mines), Dhanbad |
46 |
Koneru Lakshmaiah Education Foundation University (K L College of Engineering), Vaddeswaram |
79 |
Kalinga Institute of Industrial Technology, Bhubaneswar |
67 |
Anna University, Chennai |
69 |
Banaras Hindu University, Varanasi |
48 |
Jaipuria Institute of Management, Noida |
45 |
Great Lakes Institute of Management,Gurgaon |
52 |
Thapar Institute of Engineering and Technology, Patiala |
44 |
BML Munjal University, Gurgaon |
83 |
Indian Institute of Management, Amritsar |
47 |
Birla Institute of Management Technology, Greater Noida |
64 |
Aligarh Muslim University, Aligarh |
70 |
Institute of Rural Management Anand, Gujrat |
49 |
Intenational Management Institute, Kolkata |
NA |
Fore School of Management, New Delhi |
53 |
Krea University, Sri City, Chittoor |
99 |
Guru Gobind Singh Indraprastha University, New Delhi |
65 |
PSG College of Technology, Coimbatore |
80 |
Atal Bihari Vajpayee Indian Institute of Information Technology and Management, Gwalior |
85 |
Graphic Era University, Dehradun |
59 |
Indian Institute of Management, Sambalpur |
50 |
Panjab University, Chandigarh |
92 |
Principal L N Welingkar Institute of Management Development and Research, Mumbai |
NA |
Indian Institute of Management, Sirmaur |
57 |
International Management Institute, Bhubaneswar |
61 |
K.J.Somaiya Institute of Management, Mumbai |
NA |
Christ University, Bengaluru |
60 |
Indian Institute of Management, Bodh Gaya |
33 |
Rajagiri Business School, Cochin |
93 |
Institute of Management Technology, Hyderabad |
97 |
Visvesvaraya Technological University, Belgaum |
NA |
Saveetha Institute of Medical and Technical Sciences, Chennai |
74 |
Birla Institute of Technology, Ranchi |
90 |
Jaipuria Institute of Management, Lucknow |
72 |
Chitkara University, Rajpura |
54 |
Jaipuria Institute of Management, Jaipur |
75 |
Jagan Institute of Management Studies, Delhi |
87 |
Bharathidasan Institute of Management, Tiruchirappalli |
94 |
National Institute of Technology, Calicut |
76 |
Manipal University, Jaipur |
73 |
Loyola Institute of Business Administration, Chennai |
66 |
Babasheb Bhimrao Ambedkar University, Lucknow |
NA |
Dayalbagh Educational Institute, Agra |
NA |
Pandit Deendayal Energy University, Gandhinagar |
89 |
IIHMR University, Jaipur |
NA |
Pune Institute of Business Management, Pune |
NA |
Amity University Haryana, Gurgaon |
NA |
Galgotias University, Gautam Budh Nagar |
98 |
University of Hyderabad, Hyderabad |
NA |
Institute of Management Technology, Nagpur |
NA |
Jain University, Bangalore |
77 |
Thiagarajar School of Management, Madurai |
82 |
Alliance University, Bengaluru |
71 |
Gujarat University, Ahmedabad |
NA |
Jamia Hamdard, New Delhi |
78 |
University of Jammu, Jammu |
NA |
Verify NIRF Ranking Here |
Most of the MBA colleges in India have a 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 such examinations with a minimum percentile to be eligible for admission.
The basic eligibility criteria for an MBA course is:
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 they may screen candidates through their own aptitude tests for admission.
Given below Is a brief overview of the common entrance tests that universities consider for screening MBA aspirants.
Apart from performance in entrance exams, candidates are also screened for further admissions by various B-schools through personal interviews or group discussions.
We have provided you a list of the top MBA colleges in India across various states above. Here is a curated list of the top 20 private MBA (or PGDM) colleges of India based on their faculty, fee range, RoI and placements.
Name of College/Institute |
Entrance Exams Accepted |
Fees for MBA/PGDM |
Average Placement Package |
XLRI-Xavier School of Management , Jamshedpur; |
CAT/GMAT/XAT |
INR 22-INR 24 Lakhs |
INR 30 LPA |
Narsee Monjee Institute of Management Studies, Mumbai |
NMAT/GRE/GMAT |
INR 15-INR 20 lakhs |
INR 23 LPA |
Symbiosis Institute of Business Management, Pune |
SNAP |
INR 16-INR 25 Lakhs |
INR 21 LPA |
S. P. Jain Institute of Management& Research,Mumbai |
CAT/XAT/GMAT |
INR 19-INR 21 lakhs |
INR 30 LPA |
Management Development Institute, Gurugram |
CAT/GMAT |
INR 20-INR 24 lakhs |
INR 24 LPA |
Amrita Vishwa Vidyapeetham, Coimbatore |
CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE |
INR 10-INR 15 Lakhs |
INR 7 LPA |
Great Lakes Institute of Management, Chennai |
CAT/GMAT/XAT/CMAT |
INR 18 Lakhs |
INR 13 LPA |
ICFAI Foundation for Higher Education, Hyderabad |
IBSAT/CAT/GMAT/NMAT |
INR 15-INR 17 lakhs |
INR 9 LPA |
Lovely Professional University, Phagwara |
LPU NEST/XAT/MAT/CAT/CMAT |
INR 4-INR 5 lakhs |
INR 5 LPA |
Amity University, Noida |
CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam |
INR 6 -INR 13 lakhs |
INR 6 LPA |
Birla Institute of Technology, Ranchi |
CAT/ MAT/ XAT/ CMAT |
INR 4-INR 6 lakhs |
INR 5 LPA |
Thapar Institute of Engineering and Technology, Thapar |
CAT/GMAT /NMAT/CMAT/ XAT/MAT |
INR 6-INR 8 Lakhs |
INR 7 LPA |
Chandigarh University |
CUCET/ CAT/ MAT/ GMAT |
INR 6 LPA |
INR 7 LPA |
IMT Ghaziabad |
CAT/GMAT/XAT |
INR 20 lakhs |
INR 18 LPA |
Jaipuria Institute of Management, Lucknow |
CAT/ MAT/ XAT/ CMAT/ GMAT |
INR 10-INR 12 Lakhs |
INR 12 LPA |
Education in the field of management is quite expensive and many students may not be able to afford MBA courses from the top private universities in India. However, there are many public universities and business schools in India which provide elite management education, including an MBA.
Here we have listed some of the top prestigious public universities and institutes of India that provide an MBA degree to students.
Name of College/Institute |
Entrance Exams Accepted |
Fees for MBA/PGDM |
Average Placement Package |
IIM, Ahmedabad |
CAT/GMAT |
INR 25 Lakhs |
INR 35 LPA |
IIM, Bangalore |
CAT/GMAT |
INR 24-INR 25 Lakhs |
INR 34 LPA |
IIM, Calcutta |
CAT/GMAT |
INR 24 Lakhs |
INR 35 LPA |
IIT, Delhi |
CAT |
INR 10-INR 11 Lakhs |
INR 22 LPA |
IIM, Kozhikode |
CAT/GMAT |
INR 20-INR 21 Lakhs |
INR 30 LPA |
IIM, Indore |
CAT/GMAT |
INR 21 Lakhs |
INR 25 LPA |
Faculty of Management Studies, DU |
CAT |
INR 1.92 lakhs |
INR 32 LPA |
National Institute of Technology (NIT), Tiruchirappalli |
CAT |
INR 3 lakhs |
INR 8 LPA |
Jamia Millia Islamia, New Delhi |
JMI Entrance |
INR 47,000 |
INR 9 LPA |
IIT, Madras |
CAT |
INR 9 Lakhs |
INR 17 LPA |
Indian Institute of Foreign Trade, New Delhi |
IIFT/ GMAT |
INR 22 Lakhs |
INR 25 LPA |
IIM, Lucknow |
CAT/GMAT |
INR 18-INR 20 Lakhs |
INR 31 LPA |
Here is a list of some online MBA colleges in different regions. You can check out this list & choose the best one near your residential/work location.
The reputation and worth of management colleges and business schools is often evaluated not only in terms of the faculty, learning process and national ranking but also in terms of the Return on Investment (RoI) they provide in terms of placements after graduation.
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How to Calculate Return on Investment? |
With the humongous number of MBA colleges now available to take up the degree from, the employability and placement records of MBA graduates has seen a decline in the last year. Since pursuing MBA degrees entails hefty expenses in terms of fees, accommodation and hostel expenses etc. it is recommended to carefully analyse the RoI you can expect from the college after graduation in terms of placements in the past years.
Here we have listed a few of the top MBA colleges in India in terms of the placements they offer and the RoI as of 2024.
College/Institute |
Average Placement Package |
Top Hiring Partners |
IIM Ahmedabad |
INR 35 LPA |
Reliance Industries, KPMG, Deloitte, Accenture, Kotak Mahindra, ITC, Samsung etc. |
IIM Bangalore |
INR 34 LPA |
Accenture, Aditya Birla Group, Barclays, Genpact, NTPC, IBM etc. |
IIM Calcutta |
INR 35 LPA |
Deloitte, BCG, Barclays, Accenture, Infoedge, McKinsey & Company, Flipkart, Airtel etc. |
IIM Lucknow |
INR 31 LPA |
Accenture, Boston Consulting Group, E&Y, McKinsey & Co., KPMG, Tata Steel etc. |
FMS, Delhi |
INR 32 LPA |
Deloitte, KPMG, ICICI Lombard, Birla Management Corporation, Microsoft India etc. |
IIT Delhi |
INR 22 LPA |
Microsoft, HCL, Flipkart, EXL, IBM etc. |
IIM Kozhikode |
INR 30 LPA |
JPMorgan Chase & Co., Goldman Sachs, FMCG , Reliance Industries Ltd., KPMG, Amazon, Larsen & Toubro etc. |
IIT Madras |
INR 17 LPA |
Microsoft, JP Morgan & Chase, Bajaj, Uber, Google, Oracle etc. |
Indian School of Business (ISB) |
INR 34 LPA |
Google, ABP News, Accenture, Adani Group, Aditya Birla Group, Honeywell, L&T etc. |
S. P. Jain Institute of Management & Research |
INR 30 LPA |
Citi Bank, Accenture, Amazon, Infosys, Cognizant, Wipro, Microsoft etc. |
XLRI-Xavier School of Management |
INR 30 LPA |
Deloitte, PayTM, Amazon, Walmart, Flipkart, Uber, J.P Morgan Chase etc. |
Indian Institute of Foreign Trade, New Delhi |
INR 25 LPA |
HDFC, Yes Bank, Airtel, Google, Microsoft, Cipla, KPMG, Cognizant, Infosys etc. |
Narsee Monjee Institute of Management Studies |
INR 23 LPA |
Tata Communications, Bajaj Electricals Ltd, Vaya Finserv, WIPRO, Deloitte, KPMG etc. |
Symbiosis Institute of Business Management |
INR 21 LPA |
Accenture, Aditya Birla Group, Amazon, Bajaj Auto, Capgemini, Deloitte, Ernst & Young etc. |
Management Development Institute |
INR 24 LPA |
Genpact, L&T, Goldman Sachs, JP Morgan and Chase, Deloitte, etc. |
Great Lakes Institute of Management |
INR 13 LPA |
McKinsey, JP Morgan Chase, Accenture, Cognizant,EY India, HP etc. |
Given so many options of colleges and business schools offering an MBA program today, it might get understandably confusing to pick the right MBA college that will fit your needs for higher education and professional goals.
Here we have mentioned a few of the crucial factors that will help you to pick the right MBA college or B-school for yourself.
1) Consider whether you want to take up a PGDM course or MBA.
A PGDM degree is more practically and industrially-oriented than an MBA degree, which lays emphasis on both the theoretical foundations as well as practical aspects of the profession of management. Depending on whether you want to go for a PGDM or an MBA, you can further filter out the best options for education.
2) Consider the specialisation you want to go for.
While the specialisation-specific courses and papers in an MBA degree are not introduced until the second year (i.e. the third semester), it is always a good step to evaluate the specialisation of management you want to pursue further. Different B-schools have varying levels of expertise and placement opportunities for different areas of specialisations. Depending upon your area of MBA specialisation, you can filter out or evaluate the best options for MBA colleges.
3) Consider the Entrance Examinations & Admission Procedure for Selection
This is another essential factor to look for before you seek admission to an MBA college. Various institutes and colleges offering an MBA degree have various entrance examinations, some at the national level (e.g. CAT, XAT, MAT, GMAT etc.) or at the institutional level (e.g. SNAP, TISSNET, IIFT MBA Entrance Test, IBSAT) etc. that you must clear in order to seek admissions. This factor should in fact be checked before other considerations, as you can prepare accordingly to crack the entrance examination and apply for the MBA degree.
Furthermore, some institutes have a further rigorous procedure of selection, wherein the candidate must also appear for a screening pen and paper test and further for a Personal Interview (PI) following which they are considered for admissions. So while selecting or looking for the best MBA college for yourself, you should go through the entrance examinations and admission criteria of the institute carefully.
4) Consider the Return on Investment (RoI)
This is one of the most important factors to consider while selecting the right MBA college for yourself. You can evaluate the RoI you get from an MBA college in terms of the fees for the course that you must afford in comparison to the average salary package that you can expect to get placed with after graduation. Top MBA colleges with high RoIs include the likes of IIMs, IIT Delhi, S. P. Jain Institute of Management & Research, XLRI, NMIMS etc. A good RoI is an essential factor to consider before taking admissions in a business school for an MBA degree.
5) Consider the Accreditations and Recognitions of the Institute
It is also important to check if the chosen management institute has the necessary accreditations and approvals for providing a management degree, as it reflects the authority of the institute as well as the recognition it has in the professional circles. Some of the most prestigious and well-regarded accreditations to look for in a management or business school include those like AICTE approval, SAQS, AACSB, AMBA recognitions etc.
6) Consider the Faculty, Learning Pedagogy and Exposure Options
Before seeking admissions in a particular college, you should explore more about the facilities of learning provided by it. You can research about the faculty, their qualifications and experience, the learning pedagogy and student support available in the institute as well as the practical exposure that the college/institute provides to students. This can be in terms of industry collaborations, seminars, field visits, internships etc.
7) Consider the Alumni Connect facilities of the college
Networking is an essential factor of career growth and escalation in the contemporary management scenario. As a result, it is important to research about the alumni connect features offered by a specific university/college/institute for their MBA program. Many B-schools have active alumni networks and bodies to which students are given access after graduation. A good alumni connect can be beneficial for a graduate to network efficiently as well as explore professional opportunities in the future.
8) Research about your options thoroughly
The last important step is to research all your options and evaluate them thoroughly in context of your individual academic and professional needs. Researching before university selection has been found to be one of the most helpful practices for future growth and exploration of professional options later in life. So research about your options and ponder about your needs before you arrive at a conclusion about the MBA college which suits you the best!!
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When it comes to pursuing an MBA, you can take it up in the regular learning mode or go for the various innovative modes in which MBA is being offered these days. This includes a fully MBA course online which is now being offered by many top colleges and business schools of India.
With the guidelines from the University Grants Commission (UGC), an online MBA is now ascribed with an equal value and validity as a regular MBA degree. The specialisations offered in an online MBA are also similar to those offered in a regular MBA course, with the added benefits of more affordable fee ranges and flexibility of learning.
Many top management institutions and colleges are now offering full-time MBA courses in a number of specialisations to students with the same facilities available for a regular MBA like placement assistance, placement drives, practical and theoretical learning and so on.
Here are a few of the top online MBA colleges of India.
University Course Name |
Accreditations |
Fees for Online MBA |
Specialisations |
Narsee Monjee Institute of Management Studies (NMIMS) (Provides Blended ODL MBA) |
UGC-DEB, NAAC A+, NIRF |
INR 1,68,000 |
|
Amrita Vishwa Vidyapeetham MBA Online Program |
UGC-DEB, NAAC A++, WES |
INR 2,20,000 |
|
UGC-DEB, AICTE, NAAC A++, NIRF |
INR 1,40,000 |
|
|
UGC-DEB, AICTE, NIRF, AIU, WES etc. |
INR 1,14,000 |
|
|
UGC-DEB, NIRF, NAAC A+, AICTE, WES |
INR 1,50,000 |
|
|
UGC-DEB, AICTE, NAAC A++, NIRF, AACSB, SAQS etc. |
INR 1,80,000 |
|
|
UGC-DEB, AICTE, WES, NIRF, NAAC A+ |
INR 2,53,000 |
|
|
UGC-DEB, AICTE, NAAC A++, NIRF, AIU etc. |
INR 1,40,000 |
|
|
UGC-DEB, NIRF, NAAC A |
INR 1,50,000 |
|
|
UGC-DEB, AICTE, NAAC A |
INR 1,20,000 |
|
The best IIMs for pursuing an MBA include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Ranchi etc. The best IIM for an MBA course would also depend on the specialisation you want to pursue.
Some of the best public MBA institutions for pursuing an MBA course include the IIMs, the IITs, the Faculty of Management Studies, University of Delhi, the Indian Institute of Foreign Trade (IIFT) etc. Some of the best private universities and business schools for MBA are NMIMS, Symbiosis Institute of Business Management, Xavier School of Management, IMT Ghaziabad, ICFAI Hyderabad etc.
Yes, an MBA from an IIT is surely worth going for, as it provides students the opportunity to obtain an MBA from one of the most prestigious institutes of India. The fee for MBA at IITs are decently high and affordable, and the return on investment (RoI) is also quite high as you can secure jobs with salaries as high as INR 22 lakhs per annum on an average. Thus, the placement services at IITs are excellent, additionally the faculty is well-experienced and knowledgeable. There is a focus on all-round development of the candidate at IITs offering MBA.
Yes, the Faculty of Management Studies (FMS), which is a part of the University of Delhi, is one of the best options for an MBA degree. It is one of the first organisations to provide formal education to managers. It has a very affordable fee range, with a high RoI in terms of placement. So it is considered as one of the best options for MBA in India.
Some of the most well-regarded private universities for pursuing an MBA (considering educational quality, fees, RoI, placements etc.) include XLRI-Xavier School of Management, Symbiosis Institute of Business Management, Narsee Monjee Institute of Management Studies, S. P. Jain Institute of Management & Research, Great Lakes Institute of Management etc.
One of the best MBA colleges with low fees include Faculty of Management Studies (FMS), Jamia Milia Islamia, NIT, Trichy etc.
Yes, a Post Graduate Diploma in Management (PGDM) is considered to be an equivalent to a Masters in Business Administration (MBA) in India and abroad. Both the courses are of the postgraduate level, are in the management domain and have a duration of 2 years. However, a PGDM course has a more practical, updated and flexible curricular structure, while an MBA is more theoretically rooted.
Both PGDM and MBA qualifications have high industry demand and acceptance. However, one is a degree course while the other is a diploma. PGDM courses have a more practical and application-oriented approach, while an MBA has equally comprehensive theoretical roots. You can go for either of the courses as they have similar acceptance, duration as well as fee structure.
As far as placements are concerned, institutes and business schools like IIFT, IIM Ahmedabad, FMS, XLRI, IIM Kozhikode have been reported to have the best RoI in terms of placements.
There are many premier national management institutions and business schools for MBA in India. Among them, as per the NIRF Management category rankings (as of 2024), the highest ranked management institution is IIM Ahmedabad.
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