Important Facts
College Vidya Team Sep 10, 2024 13.2K Reads
When it comes to pursuing managerial education, one of the most highly sought degrees is an MBA program. In addition to a number of prestigious public institutions offering an MBA program, there are top private colleges and institutes in India that offer an MBA or an equivalent PGDM course to students.
With the enormous number of choices of colleges for pursuing an MBA in India, there might understandably be confusion about the right institution to pick for higher education. If you are someone facing a similar concern, then this blog is the right spot for you, as we have encapsulated essential information about the top 10 private MBA colleges in India. Also Read: Full form of MBA.
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With management being one of the most widely pursued disciplines in higher education in the nation, there are a number of prestigious private institutions in India that offer a full-time MBA. Not only are these institutions highly developed in terms of their faculty, course curricula, infrastructure and placements, they are recognised on a global basis for providing comprehensive education at par with international academic and industrial standards. Also Read: Full form of MBA.
Given below is a list of the top 10 private universities, institutes and colleges of India offering an MBA (or equivalent) course. The ranking below is based on NIRF Rankings of the Management Category (2024).
MBA College/ University |
NIRF Management Ranking (2024) |
Course |
Accepted Entrance Exams |
MBA Fees (Approx.) |
XLRI-Xavier School of Management, Jamshedpur |
9 |
Post Graduate Diploma in Management (PGDM) |
XAT/GMAT/GRE |
INR 23,15,000 |
Management Development Institute, Gurugram |
11 |
Post Graduate Diploma in Management (PGDM) |
CAT/GMAT |
INR 24,16,800 |
Symbiosis Institute of Business Management, Pune |
13 |
Master of Business Administration (MBA) |
SNAP |
INR 13,49,000 |
S.P. Jain Institute of Management & Research, Mumbai |
20 |
Post Graduate Diploma in Management (PGDM) |
CAT, GMAT |
INR 20,00,000-INR 29,00,000 |
SVKM’s Narsee Monjee Institute of Management Studies, Mumbai |
21 |
Master of Business Administration (MBA) |
NMAT |
INR 20,00,000-INR 24,00,000 |
Amity University, Noida |
29 |
Master of Business Administration (MBA) |
CAT/ XAT / NMAT /MAT/ CMAT /GMAT |
INR 2,42,000-INR 11,66,000 |
Amrita Vishwa Vidyapeetham, Coimbatore |
28 |
Master of Business Administration (MBA) |
CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE |
INR 10,60,000 |
Great Lakes Institute of Management, Chennai |
34 |
Post Graduate Diploma in Management (PGDM) |
CAT/XAT/GMAT/CMAT |
INR 14,10,000 |
Lovely Professional University, Phagwara |
38 |
Master of Business Administration (MBA) |
LPUNEST/CAT/MAT/XAT/NMAT/CMAT |
INR 7,60,000 |
Goa Institute of Management, Sanquelim |
37 |
Post Graduate Diploma In Management (PGDM) |
CAT/XAT/ CMAT/GMAT |
INR 18,31,200 |
Any aspirant looking to pursue an MBA course in India, should fulfill certain basic eligibility crtieria to apply to the course. The admission procedure for an MBA course involves meeting the eligibility criteria, qualifying a management aptitude exam and appearing for the personal interview and group discussions.
The general criteria for admission to an MBA program in India includes:
A candidate from any discipline can apply to an MBA program, and some universities and colleges may additionally lay emphasis on the working experience in a relevant industry.
Once a candidate satisfactorily meets the minimum eligibility criteria for an MBA course, they must submit their application for the program to the university, and appear for a management aptitude test, which may be conducted at the institutional level or at the national or state levels. Some of the commonly accepted entrances in various private MBA colleges in India include:
A list of all the accepted management entrance examinations in the top 10 private MBA colleges in India have been provided below.
MBA College/Institute |
Accepted Entrance Examination |
XLRI-Xavier School of Management, Jamshedpur |
XAT/GMAT/GRE |
Management Development Institute, Gurugram |
CAT/GMAT |
Symbiosis Institute of Business Management, Pune |
SNAP |
S.P. Jain Institute of Management & Research, Mumbai |
CAT, GMAT |
SVKM’s Narsee Monjee Institute of Management Studies, Mumbai |
NMAT |
Amity University, Noida |
CAT/ XAT / NMAT /MAT/ CMAT /GMAT |
Amrita Vishwa Vidyapeetham, Coimbatore |
CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE |
Great Lakes Institute of Management, Chennai |
CAT/XAT/GMAT/CMAT |
Lovely Professional University, Phagwara |
LPUNEST/CAT/MAT/XAT/NMAT/CMAT |
Goa Institute of Management, Sanquelim |
CAT/XAT/ CMAT/GMAT |
Given below are further important details about the MBA (or equivalent) programs offered at the prestigious private management colleges of India.
Xavier School of Management, formerly known as Xavier Labour Relations Institute, is India’s best private management institution as ranked by the NIRF (2024). Not only is it among the top private management centres of India, it is also among the top 10 business schools of India on an overall basis, including public and private sector colleges. It has been accredited by the AICTE, AACSB, AMBA and is a member of the AIU. The 2-year PGDM program here has been prepared in accordance with the national industrial standards and demands, combining academic rigour with professional skill development. With over 10 specialisations to choose from, students get the opportunity of developing detailed understanding of the subject matter from well-trained faculty. The excellent placement services at XLRI make up for excellent RoIs after graduation.
Find more details about the PGDM at XLRI Jamshedpur here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF (Rank 9 in Management Category), AMBA, AACSB, AIU, AICTE etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
XAT/GMAT/GRE |
Course Specialisations |
|
Full Course Fees |
INR 23,15,000 |
Placement Package |
INR 30,00,000 P.A. |
The Management Development Institute (MDI) Gururgam was established in 1973 and has major accreditations such as those from UGC, SAQS, AACSB, NBA etc. It is also the NIRF-ranked 11th top institution for management studies in India as of 2024. The course offered at MDI is a full-time PGDM course of 2 years. Students qualifying the CAT or GMAT exams can appear for further screening for the program. There are 7 available specialisations in the course including those accounting and finance, HRM, marketing, operations, strategy management, international business and information management. The full fee for the program is INR 24.16 lakhs for two years, which can be paid through the semester mode of payment and supported through financial aid. The placement service of MDI Gurugram are quite comprehensive, beginning with professional grooming, concluding with placements in top enterprises and companies of the country. The RoI of placements at MDI Gurugram is quite high.
Find further details about the PGDM program at MDI Gurugram here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
UGC, SAQS, AACSB, AMBA, NBA, NIRF Rank 11 in Management Category (2024) |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/GMAT |
Course Specialisations |
|
Full Course Fees |
INR 24,16,800 |
Placement Package |
INR 27,67,000 P.A. |
The Symbiosis Institute of Business Management is one of India’s most prestigious centres for higher education, and is a NAAC-rated A++ college. It is also among the top 20 management institutions of India as ranked by the NIRF (2024). SIBM offers students a 2-year MBA program that includes the choice from 7 areas of specialisation. Candidates qualifying the SNAP (Symbiosis National Aptitude Online Test) are eligible for further screening and admission to the program. The educational and placement services at SIBM are comprehensive and at par with international standards of business education, hence providing students a holistic understanding of management and skills needed to prosper in the profession.
Find further details about the MBA program at SIBM Pune below.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NAAC A++, NIRF Rank 13 in Management Category (2024) |
Course Duration |
2 years |
Accepted Entrance Examinations |
SNAP |
Course Specialisations |
|
Full Course Fees |
INR 13,49,000 |
Placement Package |
INR 18,00,000 P.A. |
S.P. Jain Institute of Management and Research was established in Mumbai in 1981 and has been ranked among the top 25 management schools in the nation by the NIRF (2024). Accredited by bodies such as the NBA and the AACSB, SPJIMR is a prestigious center for business and management education, that provides students with a full-time PGDM program in 4 major functional specialisations and 6 minor specialisations. The course at SPJIMR is highly industry-focused, allowing for professional training alongside theoretical learnings. The placement services at this institute are renowned as being one of the most advanced of the nation, thus providing scope of seeking jobs with high returns on investment.
Find full details about the PGDM course at SPJIMR here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NIRF Rank 20 in Management Category (2024), AACSB, AMBA, NBA |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT, CMAT |
Major Course Specialisations |
|
Minor Course Specialisations |
|
Full Course Fees |
|
Placement Package |
INR 33,00,000 P.A. |
Established in 1981, the Narsee Monjee Institute of Management Studies or NMIMS is one of India's most well-known management education colleges. It is an eminent institution with accreditations from the AACSB, NBA etc. along with an A++ rating by the NAAC. It is India's 21st top management education center as ranked by the NIRF (2024). NMIMS provides students with a full-time MBA program with 8 specialisation options, and a comprehensive and updated curriculum for industry relevant learning. The institute has a wide and diverse industrial and alumni network, and students benefit much from the all-round placement assistance that includes career counseling, professional grooming as well as campus selections by top hiring partners.
Given below are further details about the MBA program at NMIMS Mumbai.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NAAC A++, NIRF Rank 21 in Management Category. AACSB, NBA |
Course Duration |
2 Years |
Accepted Entrance Examinations |
NMAT |
Course Specialisations |
|
Full Course Fees |
INR 20,00,000-INR 24,00,000 |
Placement Package |
INR 23,07,000 P.A |
Amity University's main campus was established in 2005 in Noida as a prestigious centre for higher education in the nation. It is an A+ university, and among the nation's 30 best for management studies (as ranked by NIRF 2024). Amity offers a full-time MBA program approved by the AICTE with specialisation options available in over 25 areas. In comparison with the other private educational institutions of India, Amity University is one of the most affordable universities for pursuing an MBA. The placement services here offer quite satisfactory RoIs to students after graduation.
Find more details about the MBA program at Amity Noida here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
NIRF Rank 29 in Management Category (2024), NAAC A+ Grade, AICTE, ACU, WASC etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/ XAT / NMAT /MAT/ CMAT /GMAT |
Course Specialisations |
|
Full Course Fees |
INR 2,42,000-INR 11,66,000 |
Placement Package |
INR 6,41,000 P.A. |
Amrita Vishwa Vidyapeetham is one of India's top universities for higher education and its management education makes it one of India's top private institutions in the field too. Established in 2005 in Coimbatore, it is currently an A++ HEI which has also been accredited by the UGC, AICTE, NABH etc. The MBA program at Amrita University is also AICTE-approved and prepared keeping in mind the current industrial needs. The program is offered in 6 specializations and the option of general management to choose from. The full course fee is INR 10,60,000 lakhs for two years, aided by financial support extended by the university. The placements at Amrita University allow for job exploration in top MNCs, firms and enterprises of India and abroad. The RoI at Amrita university is quite satisfactory.
Find further key details about the MBA program here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE, NAAC A++ Grade, NIRF Rank 28 in Universities Category (2024), NABH etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE |
Course Specialisations |
|
Full Course Fees |
INR 10,60,000 |
Placement Package |
INR 7,71,000 P.A. |
The Great Lakes Institute of Management is a private institution in Chennai that was established in 2004 and is currently the 34th top college for management education in India as per NIRF rankings (2024). The major accreditations of Great Lakes Institute of Management include those from AICTE, NBA, SAQS etc. The institute offers a Post Graduate Diploma in Management (PGDM) approved by the AICTE in 5 functional specialisation areas, namely marketing, finance, HRM, operations and AI and ML. The institute is well-equipped with latest technology and pedagogical tools, in addition to a stellar profile of faculty and industry experts teaching the course. The placement services at Great Lakes are quite efficient and students can get placed in highly compensated fields and organizations, making up for a satisfactory RoI.
Find more essential details about the PGDM course at Great Lakes, Chennai here.
Degree Offered |
Post Graduate Diploma in Management (PGDM) |
Accreditations |
NBA, AICTE, SAQS, AMBA, NIRF Rank 34 in Management Category (2024) |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/XAT/GMAT/CMAT |
Course Specialisations |
|
Full Course Fees |
INR 14,10,000 |
Placement Package |
INR 14,50,000 P.A |
Lovely Professional University is an eminent university for higher education in Phagwara, Punjab that was founded in 2005. As of 2024, it is one of India’s top 40 management institutions and top 10 private management institutions, based on NIRF rankings (2024). The university provides UG, PG and doctoral courses in a variety of disciplines, including management and business studies.
The management courses at LPU are offered through the Mittal School of Business, including its two-year MBA program that has been recognised by the AICTE. Students qualifying the LPUNEST or having a valid score in a nationally recognised management aptitude test can seek admission to the course. There are over 30 specialisation options available in the course. The course is placement-integrated with professional grooming services as well as campus placement facilities. The RoI after completing the course is quite satisfactory.
Find further details about the MBA program at LPU here.
Degree Offered |
Master of Business Administration (MBA) |
Accreditations |
UGC, AICTE, NIRF Rank 38 in Management Category (2024), BCI, PCI, NCTE, etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
LPUNEST/CAT/MAT/XAT/NMAT/CMAT |
Course Specialisations |
|
Full Course Fees |
INR 7,60,000 |
Placement Package |
INR 6,90,000 |
Founded in 1993 in Sanquelim, Goa Institute of Management is one of southern India’s highly acclaimed institutions for management and business education. Accredited nationally as well as internationally by statutory bodies like the AICTE, NBA, AACSB EFMD etc. it provides management education that is at par with global standards. The PGDM program offered at GIM is an equivalent of an MBA as approved by the AIU, and the course is currently offered in 8 areas of specialisation, which also includes general management and economics as one of the alternatives. The full course fee here is INR 18.31 lakhs, and students are also provided with financial support such as installment-mode of payment. Placement services, in addition to comprehensive academic and skill development options, are part of the course.
Find more details about the PGDM program at GIM here.
Degree Offered |
Post Graduate Diploma In Management (PGDM) |
Accreditations |
AICTE, AIU, NBA, AACSB, AMBA, EFMD etc. |
Course Duration |
2 Years |
Accepted Entrance Examinations |
CAT/XAT/CMAT/GMAT |
Course Specialisations |
|
Full Course Fees |
INR 18,31,200 |
Placement Package |
INR 15,00,000 P.A. |
RoI of Private MBA Colleges in India
The Return on Investment or RoI, is one of the most crucial determining factors students often look at when selecting a college or university for higher education.
Is MBA Worth It? | Is Online MBA Worth It? |
How to Calculate Return on Investment? |
The RoI is essentially a ratio between the average CTC for an MBA graduating batch through campus selections and the full course fee for the program. It reflects how quickly and how well the financial investments into the MBA program can be recouped through the placement services of the institute.
One of the distinguishing features of a private MBA college is its excellent placement services, which offer students the chance to grab fairly compensated job opportunities along with scope for quick career growth and escalation.
Given below is a list of the top 10 private institutions of India along with the full fee for their MBA program and the average placement packages they receive through campus selections.
College/Institute |
Full Course Fees |
Average Placement Package |
XLRI-Xavier School of Management, Jamshedpur |
INR 23,15,000 |
INR 30,00,000 P.A. |
Management Development Institute, Gurugram |
INR 24,16,800 |
INR 27,67,000 P.A. |
Symbiosis Institute of Business Management, Pune |
INR 13,49,000 |
INR 18,00,000 P.A. |
S.P. Jain Institute of Management & Research, Mumbai |
INR 20,00,000-INR 29,00,000 |
INR 33,00,000 P.A. |
SVKM’s Narsee Monjee Institute of Management Studies, Mumbai |
INR 20,00,000-INR 24,00,000 |
INR 23,07,000 P.A |
Amity University, Noida |
INR 2,42,000-INR 11,66,000 |
INR 6,41,000 P.A. |
Amrita Vishwa Vidyapeetham, Coimbatore |
INR 10,60,000 |
INR 7,71,000 P.A. |
Great Lakes Institute of Management, Chennai |
INR 14,10,000 |
INR 14,50,000 P.A |
Lovely Professional University, Phagwara |
INR 7,60,000 |
INR 6,90,000 P.A. |
Goa Institute of Management, Sanquelim |
INR 18,31,200 |
INR 6,90,000 P.A. |
The career domains that open up for a candidate after completing an MBA are vast and varied. Ranging from a variety of consultation domains, research and development to pure managerial roles and strategization, there are many highly compensated roles that MBA graduates can explore. Various fields and industries where an MBA graduate can explore a job role include:
In India, not only are MBA graduates in high demand for middle to top managerial roles, they also get the chance of quick career escalation, with top MNCs, enterprises, firms and industries hiring them for executive and other roles.
Some of the major hiring partners of the top private colleges for an MBA have been enlisted here.
College/Institute/University |
Top Recruiting Partners |
XLRI-Xavier School of Management, Jamshedpur |
|
Management Development Institute, Gurugram |
|
Symbiosis Institute of Business Management, Pune |
|
S.P. Jain Institute of Management & Research, Mumbai |
|
SVKM’s Narsee Monjee Institute of Management Studies, Mumbai |
|
Amity University, Noida |
|
Amrita Vishwa Vidyapeetham, Coimbatore |
|
Great Lakes Institute of Management, Chennai |
|
Lovely Professional University, Phagwara |
|
Goa Institute of Management, Sanquelim |
|
Although a relatively new option for higher education, online education is gaining rapid recognition and eminence in India. To further provide impetus to this change, the UGC-DEB has now released guidelines as per which an online degree (from a well-accredited institution) will be deemed equal in value to a regular degree.
With this guideline, many top institutions, including private management colleges and business schools have started offering full-time MBA programs in the online mode. With the aim of extending the elite educational services of these institutions to the online mode as well, online MBA courses include all facilities that a regular degree includes, such as student services, industry interactions, placement services etc in addition to the facilities of flexible learning and affordable fee range.
Given below is a list of the top management institutes and universities currently offering a duly approved MBA program in the fully online learning mode.
University |
Location |
Course |
Mode |
XLRI Online |
Jamshedpur |
PGDBM, PGDHRM |
Online Learning (OL) Mode |
Management Development Institute, Gurugram |
Gurugram |
Post Graduate Diploma in Management (PGDM) |
Online Learning (OL) Mode |
Amity Online |
Noida (Main Campus) |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Amrita University Online |
Coimbatore |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Great Lakes Institute of Management |
Chennai |
Post Graduate Diploma in Management (PGDM) |
Online Learning Mode (OL) |
LPU Online |
Phagwara |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Online Manipal University |
Jaipur |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Manav Rachna Online |
Faridabad |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
Jain Online |
Bangalore |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
ICFAI Online |
Hyderabad (Main Campus) |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
Hindustan University CODE |
Chennai |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
UPES Online |
Dehradun |
Master of Business Administration (MBA) |
Online Learning Mode (OL) |
GLA Online |
Mathura |
Master of Business Administration (MBA) |
Online Learning (OL) Mode |
IMT Online |
Ghaziabad |
Post Graduate Diploma in Management (PGDM) |
Online Learning (OL) Mode |
Thus, with the ever-growing number of students seeking higher education in management, many eminent universities and colleges have emerged in India which offer an MBA that offers comprehensive education and exposure to students while meeting the international standards of business education.
Going with the NIRF Management category rankings of 2024, the best private college for an MBA in India is XLRI- Xavier School of Management in Jamshedpur.
Amity University Noida, Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai, Tata Institute of Management Studies (TISS) etc. are some of the private MBA colleges in India with an affordable fee range and excellent RoI in terms of placement packages after graduation.
The average cost of completing an MBA from a private college in India ranges from INR 15 lakhs to INR 20 lakhs for two years.
The average cost for pursuing an online MBA program from India ranges between INR 1,00,000 to INR 2,00,000 for the full program.
As per the placement reports released by the institutions, S.P. Jain Institute of Management & Research and XLRI Xavier School of Management Jamshedpur have the highest average placement packages, offering an excellent RoI to students.
The top 5 private institutions for an MBA in India include XLRI Jamshedpur, Management Development Institute (MDI) Gurugram, Symbiosis Institute of Business Management Pune, S.P. Jain Institute of Management & Research, and NMIMS Mumbai. The given institutions are among the top 5 private ones in the Management category rankings of the NIRF (2024).
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