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Home Management Top 10 MBA Colleges In India 2024 - Fees, Salary, Exam

Top 10 MBA Colleges In India 2024 - Fees, Salary, Exam

Apr 18, 2024 4.6K 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.

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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 2023 (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 Management Calcutta

4

INR 35 LPA 

Indian Institute of Technology, Delhi

5

INR 22 LPA 

Indian Institute of Management Lucknow

6

INR 31 LPA

National Institute of Industrial Engineering, Mumbai

7

INR 21 LPA 

Indian Institute of Management Indore

8

INR 25 LPA

XLRI - Xavier School of Management

9

INR 30 LPA

Indian Institute of Technology (IIT) Bombay

10

INR 29 LPA

Top 10 MBA Colleges based on NIRF Management Category Ranking 2024

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. 

1) IIM Ahmedabad

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. 

Does IIM offer An Online MBA?

How Effective Is IIM Ahmedabad Online MBA Course?

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

2) IIM Bangalore

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. 

How Effective Is IIM Bangalore Online MBA Course?

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 

  • Decision Sciences
  • Economics and Social Sciences
  • Entrepreneurship
  • Marketing
  • Organisational Behaviour and Human Resources Management
  • Production and Operations Management etc. 

Fees 

INR 24 lakhs- INR 25 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 34 LPA

3) IIM Kozhikode

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.

How Effective Is IIM Kozhikode Online MBA Course?

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 

  • Economics
  • Finance, Accounting & Control
  • Information Technology and Systems
  • Humanities & Liberal Arts in Management
  • Marketing 
  • Organizational Behaviour and Human Resources
  • Quantitative Methods & Operations Management
  • Strategic Management

Fees 

INR 20 lakhs to INR 21 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 30 LPA

4) IIM Calcutta

IIM Calcutta has been ranked the top third 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. 

How Effective Is IIM Bangalore Online MBA Course?

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 4 in Management Category), AACSB

Specialisations 

  • Business Ethics And Communication
  • Economics
  • Finance & Control
  • HRM
  • Marketing
  • Organizational Behaviour
  • Strategic Management etc. 

Fees 

INR 24 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 35 LPA

5) IIT Delhi

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 5 in Management Category 2024), NBA, NAAC ‘A’ 

Specialisations 

  • Finance 
  • Marketing
  • Strategic Management 
  • Information Systems
  • Operations Management
  • Telecom Management 

Fees 

INR 10 lakhs to INR 11 lakhs

Entrance Exam Scores Accepted

CAT

Placements Average Salary 

INR 22 LPA

6) IIM Lucknow

IIM Lucknow is India’s top sixth 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. 

How Effective Is IIM Lucknow Online MBA 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 6 in Management Category 2024), AACSB, AMBA

Specialisations 

  • Economics
  • Finance, Accounting & Control
  • Information Technology and Systems
  • Humanities & Liberal Arts in Management
  • Marketing 
  • Organizational Behaviour and Human Resources
  • Quantitative Methods & Operations Management
  • Strategic Management

Fees 

INR 19 lakhs to INR 20 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 31 LPA

7) National Institute of Industrial Engineering, Mumbai

The National Institute of Industrial Engineering, Mumbai (NITIE) is an NIRF ranked seventh top business school of India that has been given the status of Ivy League Business School in India by the MHRD. 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 15 lakhs and the placements on an average reach an offered package of INR 21 lakhs, making up for an excellent RoI of the institute. 

Here are some of the details of the PGDIM program of NITIE.   

Course 

Post Graduate Diploma in Industrial Management (PGDIM)

Accreditations

NIRF (Rank 7 in Management Category)

Specialisations 

  • Marketing
  • Finance
  • OB & HR Business Strategy
  • Economics
  • Operations & Supply Chain Management
  • Decision Science & Information Systems

Fees 

INR 15 lakhs 

Entrance Exam Scores Accepted

CAT

Placements Average Salary 

INR 21 LPA

8) IIM Indore

 IIM Indore is a NIRF ranked top seventh 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 

  • Marketing
  • Finance
  • Human Resource Management
  • Quantitative Research
  • Operations
  • Economics and Strategy

Fees 

INR 21 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 25 LPA

9) XLRI - Xavier School of Management

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

10) Indian Institute of Technology (IIT) Bombay 

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 

  • Finance Management 
  • Operations Management 
  • Marketing Management 
  • Information System Management 

Fees 

  • INR 1,63,100 for Students Belonging to Reserved Categories
  • INR 3,63,100 for Domestic Students 
  • INR 6,90,950 for International Students

Entrance Exam Scores Accepted

CAT

Placements Average Salary 

INR 29 LPA

List of Top Alternative MBA Colleges & Institutes in India 

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.

1) Management Development Institute, Gurgaon (MDI, Gurgaon)

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 

  • Accounting And Finance
  • Operations Management
  • Marketing, Strategy 
  • Information Management 

Fees 

INR 20 lakhs to INR 24 lakhs

Entrance Exam Scores Accepted

CAT, GMAT

Placements Average Salary 

INR 24 LPA

2) Narsee Monjee Institute of Management Studies (NMIMS)

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 

  • Marketing
  • Finance
  • Operations and Decision Sciences
  • Economics
  • Human Resources and Behavioural Sciences 
  • Communications
  • Strategy

Fees 

INR 15 lakhs to INR 20 lakhs

Entrance Exam Scores Accepted

NMAT/GRE/GMAT

Placements Average Salary 

INR 23 LPA

3) Symbiosis Institute of Business Management (SIBM)

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 

  • Marketing Management
  • Finance Management
  • Human Resource Management
  • Data Analytics
  • Operations And Supply Chain Management
  • Leadership And Strategy
  • Innovation and Entrepreneurship

Fees 

INR 16 lakhs to INR 25 lakhs

Entrance Exam Scores Accepted

SNAP

Placements Average Salary 

INR 21 LPA

4) S. P. Jain Institute of Management and Research (SPJIMR)

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 

  • Finance
  • Information Management 
  • Marketing 
  • Operations and Supply Chain 
  • Business Management 

Fees 

INR 19 lakhs to INR 21 lakhs

Entrance Exam Scores Accepted

CAT/XAT/GMAT

Placements Average Salary 

INR 30 LPA

5) Faculty of Management Studies, University of Delhi (FMS, Delhi)

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

6) Indian Institute of Foreign Trade (IIFT)

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

7) Amrita Vishwa Vidyapeetham 

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 

  • Finance
  • Human Resource Management
  • Marketing Management
  • Operations And Information Systems 
  • Analytics

Fees 

INR 10-INR 15 Lakhs

Entrance Exam Scores Accepted

CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE

Placements Average Salary 

INR 7 LPA

8) ICFAI Foundation of Higher Education, Hyderabad (IFHE)

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 

  • Finance Management
  • HR Management
  • Marketing Management
  • Operations & IT Management
  • Economics 
  • Healthcare Management

Fees 

INR 15-INR 17 lakhs

Entrance Exam Scores Accepted

IBSAT/CAT/GMAT/NMAT

Placements Average Salary 

INR 9 LPA

9) Great Lakes Institute of Management

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 

  • Marketing Management
  • Finance Management
  • OB/HR/Strategy Management
  • Operations Management
  • AI & ML

Fees 

INR 18 lakhs

Entrance Exam Scores Accepted

CAT/GMAT/XAT/CMAT

Placements Average Salary 

INR 13 LPA

10) Institute of Management and Technology, Ghaziabad (IMT Ghaziabad)

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 

  • Marketing
  • Finance
  • Dual Country Program
  • Banking and Financial Services

Fees 

INR 20 lakhs

Entrance Exam Scores Accepted

CAT/GMAT/XAT

Placements Average Salary 

INR 18 LPA

 11) Amity University 

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 

  • Insurance & Banking
  • Finance
  • Human Resource Management 
  • Entrepreneurship
  • International Business
  • Retail Management
  • Business Analytics
  • Digital Marketing 
  • Logistics & Supply Chain Management etc. 

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

12) Lovely Professional University (LPU)

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 

  • Financial Markets 
  • Business Analytics 
  • International Business Management 
  • Logistics and Supply Chain Management 
  • Hospital and Healthcare Management 

Fees 

INR 4 lakhs to INR 5 lakhs

Entrance Exam Scores Accepted

LPU NEST/XAT/MAT/CAT/CMAT

Placements Average Salary 

INR 5 LPA

NIRF Ranked Top 100 MBA Colleges of India  (List 1 to 100)

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 2020

NIRF Ranking 2021

NIRF Ranking 2023

IIM Ahmedabad

1

1

1

IIM Bangalore

2

2

2

IIM Calcutta

3

3

3

IIT Delhi

8

5

4

IIM Kozhikode

6

4

5

IIM Lucknow

4

7

6

IIM Indore

7

6

7

XLRI - Xavier School of Management

9

8

8

National Institute of Industrial Engineering Mumbai

12

12

9

IIT Madras

14

13

10

IIT Bombay

11

10

11

IIT Kharagpur

5

9

12

Management Development Institute

10

11

13

IIM Raipur

19

15

14

IIM Ranchi

20

21

15

Indian Institute of Management, Rohtak

21

28

16

Symbiosis Institute of Business Management, Pune

22

20

17

Indian Institute of Management, Tiruchirappalli

15

17

18

Indian Institute of Technology, Roorkee

12

14

19

Indian Institute of Technology, Kanpur

16

16

20

S. P. Jain Institute of Management & Research, Mumbai

18

19

21

Indian Institute of Management, Udaipur

17

18

22

Indian Institute of Management, Kashipur

33

33

23

Indian Institute of Foreign Trade, New Delhi

26

25

24

SVKM`s Narsee Monjee Institute of Management Studies, Mumbai

24

22

25

Indian Institute of Management, Shillong

30

23

26

Amrita Vishwa Vidyapeetham, Coimbatore

NA

NA

27

Amity University, Gautam Budh Nagar

41

29

28

Jamia Millia Islamia, New Delhi

34

36

29

International Management Institute, New Delhi

52

52

30

Great Lakes Institute of Management, Chennai

23

24

31

ICFAI Foundation for Higher Education, Hyderabad

25

27

32

Indian Institute of Management, Visakhapatnam

NA

NA

33

Lovely Professional University, Punjab

49

37

34

XIM University, Bhubaneswar

NA

NA

35

GOA Institute of Management, Sanquelim

48

35

36

Indian Institute of Management Jammu (IIMJ)

NA

NA

36

T. A. Pai Management Institute Manipal

27

32

38

National Institute of Technology, Tiruchirappalli

35

48

39

Chandigarh University, Mohali

51

45

40

University of Petroleum and Energy Studies, Dehradun

66

46

41

MICA, Ahmedabad

NA

NA

42

Indian Institute of Management Nagpur

40

40

43

Institute of Management Technology, Ghaziabad

37

38

44

Nirma University, Ahmedabad

44

NA

45

Indian Institute of Technology (Indian School of Mines), Dhanbad

29

30

46

Koneru Lakshmaiah Education Foundation University (K L College of Engineering), Vaddeswaram

70

38

47

Kalinga Institute of Industrial Technology, Bhubaneswar

32

31

48

Anna University, Chennai

59

57

49

Banaras Hindu University, Varanasi

36

47

50

Jaipuria Institute of Management, Noida

69

59

51

Great Lakes Institute of Management,Gurgaon

23

NA

52

Thapar Institute of Engineering and Technology, Patiala

54

42

53

BML Munjal University, Gurgaon

37

41

54

Indian Institute of Management, Amritsar

NA

67

55

Birla Institute of Management Technology, Greater Noida

47

44

56

Aligarh Muslim University, Aligarh

47

49

57

Institute of Rural Management Anand, Gujrat

72

55

58

Intenational Management Institute, Kolkata

52

NA

59

Fore School of Management, New Delhi

43

43

60

Krea University, Sri City, Chittoor

NA

50

60

Guru Gobind Singh Indraprastha University, New Delhi

57

51

62

PSG College of Technology, Coimbatore

46

53

63

Atal Bihari Vajpayee Indian Institute of Information Technology and Management, Gwalior

NA

58

64

Graphic Era University, Dehradun

NA

64

65

Indian Institute of Management, Sambalpur

NA

61

66

Panjab University, Chandigarh

42

NA

67

Principal L N Welingkar Institute of Management Development and Research, Mumbai

68

72

68

Indian Institute of Management, Sirmaur

NA

NA

69

International Management Institute, Bhubaneswar

63

62

70

K.J.Somaiya Institute of Management, Mumbai

56

56

71

Christ University, Bengaluru

NA

NA

72

Indian Institute of Management, Bodh Gaya

NA

NA

73

Rajagiri Business School, Cochin

NA

NA

74

Institute of Management Technology, Hyderabad

61

63

75

Visvesvaraya Technological University, Belgaum

71

NA

76

Saveetha Institute of Medical and Technical Sciences, Chennai

NA

NA

77

Birla Institute of Technology, Ranchi

58

70

78

Jaipuria Institute of Management, Lucknow

73

68

78

Chitkara University, Rajpura

75

54

80

Jaipuria Institute of Management, Jaipur

NA

74

81

Jagan Institute of Management Studies, Delhi

67

71

82

Bharathidasan Institute of Management, Tiruchirappalli

NA

NA

83

National Institute of Technology, Calicut

NA

NA

84

Manipal University, Jaipur

NA

NA

85

Loyola Institute of Business Administration, Chennai

50

65

86

Babasheb Bhimrao Ambedkar University, Lucknow

NA

NA

87

Dayalbagh Educational Institute, Agra

NA

NA

88

Pandit Deendayal Energy University, Gandhinagar

NA

NA

89

IIHMR University, Jaipur

65

73

90

Pune Institute of Business Management, Pune

NA

NA

91

Amity University Haryana, Gurgaon

NA

NA

92

Galgotias University, Gautam Budh Nagar

NA

NA

93

University of Hyderabad, Hyderabad

NA

NA

94

Institute of Management Technology, Nagpur

60

NA

95

Jain University, Bangalore

NA

NA

96

Thiagarajar School of Management, Madurai

NA

NA

96

Alliance University, Bengaluru

39

60

98

Gujarat University, Ahmedabad

NA

NA

99

Jamia Hamdard, New Delhi

NA

NA

100

University of Jammu, Jammu

NA

NA

100

Verify NIRF Ranking Here

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

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: 

  • 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 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. 

  • 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 criteria 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. 

Top Private MBA Colleges in India  

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

Top Public/Goverment MBA Colleges in India 

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 

List of Top MBA Colleges In India City - Wise

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.

MBA Colleges In Pune MBA Colleges In Hyderabad
MBA Colleges In Bangalore MBA Colleges In Kolkata
MBA Colleges In Lucknow MBA Colleges In Dehradun
MBA Colleges In Delhi MBA Colleges In Varanasi
MBA Colleges In Gurgaon MBA Colleges In Bhubaneswar
MBA Colleges In Jaipur MBA Colleges In Patna
MBA Colleges In Chennai MBA Colleges In Mumbai
Government MBA Colleges In India MBA Colleges In Maharashtra
MBA Colleges In Ahmedabad MBA Colleges In Kerala

Placement-Wise Top MBA Colleges 

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.

Is MBA Worth It? Is Online MBA Worth It?
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. 

How to Choose the Best MBA College for Yourself? 

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!!

How to Convert SGPA to Percentage? How to Convert CGPA to Percentage?

Best Online MBA Colleges 

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. 

Top 7 Online MBA Universities in India 2023

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. 

Best Paid MBA Online Specialization

MBA Finance Online MBA Marketing Online
MBA HR Online MBA Operations Online
MBA IT Online MBA Business Analytics Online
MBA International Business Online MBA Data Science Online
MBA Project Management Online MBA Digital Marketing Online
MBA Banking and Finance Online MBA General Online

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

  • Finance 
  • Marketing 
  • HRM 
  • Operations 
  • Business Management 
  • Banking and Finance 
  • Supply Chain 
  • International Business etc.

Amrita Vishwa Vidyapeetham MBA Online Program

UGC-DEB, NAAC A++, WES

INR 2,20,000

  • Finance 
  • Marketing 
  • HRM 
  • Operations 
  • General Management 

Jain University MBA Online 

UGC-DEB, AICTE, NAAC A++, NIRF 

INR 1,40,000

  • Finance 
  • Marketing 
  • HRM 
  • Advertising and Branding
  • Data Science and Analytics
  • General Management 
  • Healthcare Management
  • IT Management etc. 

LPU MBA Online 

UGC-DEB, AICTE, NIRF, AIU, WES etc. 

INR 1,14,000

  • Finance   
  • Marketing   
  • Data Science
  • Operations 
  • International Business 
  • Digital Marketing
  • Business Analytics
  • IT Management 

Manipal University MBA Online 

UGC-DEB, NIRF, NAAC A+, AICTE, WES

INR 1,50,000

  • Banking and Finance 
  • Operations
  • Finance 
  • Marketing 
  • HRM 
  • Data Science and Analytics
  • International Business 
  • Project management 
  • Supply Chain Management etc. 

ICFAI MBA Online 

UGC-DEB, AICTE, NAAC A++, NIRF, AACSB, SAQS etc. 

INR 1,80,000

  • HRM Finance   
  • Marketing   
  • Finance 
  • IT and Operations 

Amity University MBA Online 

UGC-DEB, AICTE, WES, NIRF, NAAC A+

INR 2,53,000

  • HRM 
  • IT Management
  • Marketing and Sales 
  • International Business Management 
  • Production and Operations 
  • Entrepreneurship and Leadership Management etc.  

D. Y. Patil University MBA Online 

UGC-DEB, AICTE, NAAC A++, NIRF, AIU etc. 

INR 1,40,000

  • Marketing 
  • Finance 
  • HRM 
  • IT Management
  • Project Management
  • Operations 
  • International Business
  • Fintech 
  • Business Analytics
  • AI & ML etc. 

UPES Online (ODL MBA)

UGC-DEB, NIRF, NAAC A

INR 1,50,000

  • Marketing 
  • Finance 
  • HRM 
  • IT Management
  • Operations 
  • International Business
  • Logistics and Supply Chain Management 
  • Oil and Gas Management 
  • Power Management 
  • Infrastructure Management 

Hindustan University MBA Online 

UGC-DEB, AICTE, NAAC A

INR 1,20,000

  • General Management 
  • Project Management
  • Fintech 
  • Marketing 
  • Finance 
  • HRM
  • Logistics and Supply Chain Management 
  • Data Science and Analytics 
  • Healthcare Management 
  • IT Management etc. 

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FAQs (Frequently Asked Questions)

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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