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

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

Priyanshu Bhatt May 28, 2025 5K Reads

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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 2024

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

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 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

2. Indian Institute of Management Bangalor

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

3. Indian Institute of Management Kozhikode

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

4. Indian Institute of Technology Delhi

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

5. Indian Institute of Management Calcutta

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)

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 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

7. Indian Institute of Management in Lucknow

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

8. Indian Institute of Management Indore

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

9. XLRI - Xavier School of Management

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

10. Indian Institute of Technology Bombay

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

11. Management Development Institute (MDI) Gurgaon

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

12. Indian Institute of Management Rohtak

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

13. Symbiosis Institute of Business Management, Pune.

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)

14. Indian Institute of Management in Raipur

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

15. Indian Institute of Foreign Trade (IIFT), Delhi

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

16. Indian Institute of Technology Madras

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

17. Indian Institute of Management Ranchi

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

18. Indian Institute of Technology Roorkee

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

19. Indian Institute of Technology Kharagpur

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

20. S. P. Jain Institute of Management and Research (SPJIMR), Mumbai

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

21. SVKM's Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

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

22. Jamia Millia Islamia (JMI), New Delhi

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++

23. Indian Institute of Technology, Mandi

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

24. Goa Institute of Management (GIM)

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

25. International Management Institute (IMI), New Delhi

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

26. Great Lakes Institute of Management, Chennai

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

27. Institute of Management Technology (IMT), Ghaziabad

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

28. T. A. Pai Management Institute (TAPMI), Manipal

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

29. Birla Institute of Management Technology (BIMTECH), Greater Noida

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)

30. Jaipuria Institute of Management, Noida

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

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

FAQs (Frequently Asked Questions)

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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