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

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

All You Need to Know About MBA

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

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

Top MBA Colleges in India – NIRF Ranking 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