Top 10 MBA Colleges in India
The acronym MBA stands for Master of Business Administration, which is widely recognized as one of the most sought-after postgraduate study programs, not only in India but worldwide. It holds immense appeal for individuals aiming to accelerate their careers, whether they are at an early stage or in the midst of their professional journey. One of the key attractions of pursuing an MBA is its inclusivity, as individuals from diverse academic backgrounds such as engineering, commerce, law, arts, and more can embark on this program to unlock a world of future success.
The available courses, infrastructure, facilities, faculty level, etc., may vary in these various MBA institutions, but their admission process is almost similar. The process includes the five steps:
- Register and apply for MBA entrance exams such as CAT/GMAT/MAT/XAT/NMAT and others.
- Appear in the exam.
- Shortlisting by the college on a merit basis.
- Appear for the final selection round conducted by the college, which may include Group Discussion, Personal Interviews, Written Aptitude Tests, etc.
- In the end, the final aggregate score is calculated by including some other measures like work experience, school board, marks in graduation and 12th, etc. to select the most suitable candidates.
As per the rankings assigned by National Instituting Ranking Framework (NIRF) in 2020, the top 10 MBA colleges in India are as follows:
1. IIM Ahmedabad
IIM Ahmedabad was set up on 11 December 1961 in Ahmedabad, Gujarat. In 2017, this public Business School received the status of an "Institute of National Importance" by the Ministry of HRD, Government of India. As per the rankings of NIRF 2020, IIMA got 1st position and became the best institution in the country under the management category. The official website of the IIMA is iima.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in Food and Agri-Business Management | 23.00 Lakh | 2 Years (Full time) |
| MBA | 23.00 Lakh | 2 Years (Full time) |
| Executive MBA | 28.00 Lakh | 1 Year (Full time) |
| Ph.D. (Fellow Program in Management) | 4 Years (For engineering students) and 3 Years (For non-engineering students) |
Scholarships:
- Need-based Scholarship Scheme (PGP)
- For FPM
- Industry Scholarships
- For PGPX
Placements:
IIM Ahmedabad achieved a consistent 100% placement rate over the past four years, including 2021, with 131 recruiters. Among the prominent recruiters in 2021 were Blackstone Group, Colgate, Diageo, Stanley, P&G, Mahindra, Coca Cola, FIITJEE, Nestle, Aditya Birla Group, J.P. Morgan, Microsoft, Tata, GSK, Paytm, ITC Ltd., Nokia, HCL Technologies and Strategy, Amazon, and more.
Infrastructure and Facilities:
The overall rating of the infrastructure of IIMA is 7/5. The institute has the facilities of the library (Vikram Sarabhai Library), cafeteria, hostel, sports complex, labs, gym, Wi-Fi campus, music room, AC classrooms, auditorium, seminar rooms, ATM, post office, research center, conference rooms, convention center, etc. also.
Notable Alumni:
Some notable Alumni of IIM Ahmedabad are K. V. Kamath, CL Prahalad, M. S. Banga, Chetan Bhagat, Harsha Bhogle, Raghuram Rajan, Srikant Datt, Deep Kalra, Kiran Karnik, S. P. Kothari, and many others.
2. IIM Bangalore
IIM Bangalore was established in 1973 in Bangalore, Karnataka. The institution got the 2nd position within the NIRF 2020 list of best administration organizations in the country. It is also one of the most popular graduate schools in Asia for studying management. The official website of the institute is iimb.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA (Management) | 23 Lakh | 2 Years |
| MBA (Enterprise Management) | 14.00 Lakh | 2 Years (Part-time classroom) |
| Executive MBA | 27.5 Lakh | 1 Year |
| MMS (Program in Public Policy and Management) | 23.00 Lakh | 1 Year (Full time) |
| Ph.D. (Fellow Program in Management) | 2 Years (Full time) |
Scholarships:
- Aditya Birla Scholarship
- OPJEMS Scholarship
- IIMB PGP Alumni First Batch (1976) Scholarship
- Financial Assistance
Placements:
In 2021, IIMB got 481 offers for 435 students from 150 companies. The top recruiter of the year was Accenture, while the other major recruiters include Amazon, Arthur, Ernst & Young, The Boston Consulting Group, Infosys, KPMG, Axis Bank, Citi Bank, Kotak Mahindra Bank, Goldman Sachs, TCS, IBM, Bain & Company, Auctus Advisors, Birla, Adani, Cisco, Microsoft, Adobe, Oracle, etc.
Infrastructure and Facilities:
The average infrastructure rating of IIMB is 7/5. Various facilities are also provided by the institute that includes a library, cafeteria, hostel, sports complex, music room, convenience store, auditorium, AC classrooms, hospital, gym, Wi-Fi campus, bank and post office, conference and seminar room, finance lab, data center and analytics lab, computer lab, etc.
Notable Alumni:
Some of the notable alumni of IIM Bangalore Aswath Damodaram, K. Radhakrishnan, Malavika Harita, Sameer Suneja, Ravi Subramanian, Gopal Krishna Nayak, Shashi Sinha, Nila Madhab Panda, Deepak Ohri, Vega Tamotia, Roman Kirsch, Amrapali Kata, Hasmukh Adhia, and others.
3. IIM Calcutta
IIM Calcutta is a public business school that was founded on 28 November 1961 in Joka, Kolkata(West Bengal). It was the first IIM in the country. IIMC is among the best B-schools of India in the field of management and secures the 3rd rank in NIRF 2020 list for the best Indian institutes under management education. In 2017, the institute got the status of "Institute of National Importance" by MHRD of the Indian Government. IIM Calcutta is one of the only three triple-accredited (i.e., AACSB, EQUIS, and AMBA) B-schools in the country and the first to achieve this acknowledgement. Other than this, IIMC is also the only B-school in India that is accredited with CEMS. The official website of the IIMC is iimcal.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| PGDM in Business Analytics | 24.00 Lakh | 2 Years (Full time) |
| PGDM in Management | 20.00 Lakh | 2 Years (Full time) |
| Executive MBA | 27.00 Lakh | 1 Year (Full time) |
| Executive Program for Banking and Financial Sector | 2.64 Lakh | 1 Year (Part-time) |
| Management Development Programs | 2 Years (Full time) | |
| MBA | 23.00 Lakh | 2 Years (Full time) |
Scholarships:
- BPL Size
- Damodar Valley Corporation Award for Creditable Performance
- B.P. Poddar Scholarship
- India Carbon Scholarship
- T.T. Krishnamachari Award
Placements:
In 2021, IIMC also got 100% A total of 520 jobs were offered to 172 students by 141 companies. Some of the major recruiters of the year include FIITJEE, Tata Steel, Nestle, TCS, Hindustan Liver, Aditya Birla, Microsoft, CITI, Flipkart, Amazon, ITC, Titan, Asian Paints, Winzo, Yes Bank, IARC, Bank of America, Paytm, Adani, Samsung, Uber, Microsoft, Goldman Sachs, Morgon Stanley, Johnson & Johnson, etc.
Infrastructure and Facilities:
IIMC has an infrastructure rating of 4/5. Other than this, the institute provides various facilities to the students such as the library, cafeteria, hostel, sports complex, music and dance room, convenience store, auditorium, AC classrooms, hospital and medical facilities, gym, Wi-Fi campus, shuttle service, conference room, finance lab, computer lab, management center, ATM, post office, etc.
Notable Alumni:
Ramchandra Guha, Sunil Duggal, Amish Tripathi, Indra Nooyi, Ajit Balakrishnan, Gopal Vittal, Swati Kaushal, Swami Mukundanand, Malli Mastan Babu, Amolak Rattan Kohli, Krishnamurthy Subramanian, Ajay Bisaria, Krishna Palepu, M.J. Xavier, Sunil Alagh, Rohit Chadda, Ashish Chauhan, T.V. Narendran, Sanjay Gupta, and others are some of the notable alumni of IIMC.
4. IIM Lucknow:
IIM Lucknow (commonly known as IIM-L) is an open business institution that was set up in 1984. It was found in Lucknow, Uttar Pradesh. IIM-L is the fourth institution that joined the IIM family. It got the 4th rank in the NIRF 2020 list of best administration organizations in the country. MHRD, the Government of India, gave the status of "Institution of Excellence" to IIM Lucknow. Till 2018, the institution was responsible for mentoring IIM Sirmaur. At present, IIM-L is also working as a mentor institution for some newly established IIMs, which include IIM Jammu, IIM Kashipur, and IIM Rohtak. It is affiliated with AMBA and AACSB. The official website of IIM-L is iiml.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in Management | 19.25 Lakh | 2 Years (Full time) |
| MBA in Agribusiness Management | 19.25 Lakh | 2 Years (Full time) |
| MBA in Sustainable Management | 19.25 Lakh | 2 Years (Full time) |
| MBA in Management for Working Executives | 13.70 Lakh | 2 Years (Part-time Classroom) |
| Fellow Program in Management | 4 Years (Full time) | |
| Executive Fellow Program in Management (Lateral Entry) | 4.00 Lakh | 3 Years (Part-time Classroom) |
Scholarships:
- Need-based IIML Scholarship
Placements:
In 2021, IIML got 490 offers from 147 recruiters, including five international offers by Landmark Mark, Noon, and African Industries Group. The top recruiter of the year was Amazon, while other major recruiters are Amagi, Bridgestone, Apparel Group, Reliance Jio, Power Finance Corporation, Indigo, Magicbricks.com, FSS, JCB India, FIITJEE, Bosch, Ernst and Young, Nestle, Samsung, Tata Sky, Cipla, Bajaj Auto, Asian Paints, ICICI Bank, Myntra, Ola, Uber, Byju's, Microsoft, MasterCard, Makemytrip, etc.
Infrastructure and Facilities:
The infrastructure of IIML has a rating of 6/5. Other than this, the institute gives the facilities of the library named Gyanodaya, hostel, sports complex, labs, cafeteria, gym, Wi-Fi campus, auditorium, seminar rooms, bank, convenience center, shopping complex, etc.
Notable Alumni:
Some of the notable alumni of IIM-L are Rajdeep Grewal, Shanmughan Manjunath, Amitabh Thakur, Gayatri Iyer, Suhail Sameer, Nitin Seth, and others.
5. VGSOM IIT Kharagpur
Vinod Gupta School of Administration, IIT Kharagpur is an open trade school built up in 1993. It is a subsidiary of IIT Kharagpur. This trade school is found in Kharagpur, West Bengal. In the NIRF 2020 list of best management institutes in the country, VGSOM got the 5th It was the primary commerce school to be established in IIT. The official website of VGSOM IIT Kharagpur is som.iitkgp.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA (General) | 10.30 Lakh | 2 Years (Full time) |
| Executive MBA | 6.00 Lakh | 3 Years (Part-time Classroom) |
| PGDM in Business Analytics | 24.00 Lakh | 2 Years (Full time) |
| Ph. D. | 2 Years |
Placements:
In 2021, VGSOM IIT Kharagpur received 116 offers from 71 companies with the highest stipend of Rs. 48 lakh per month. The most preferred domain of 2020 and 2021 placements was Sales and Marketing. Some of the major recruiters of the year include IBM, Amazon, Wipro Ltd., PwC India, Deloitte India, ICICI Bank, Google, Halma, Siemens, HSBC, Texas Instruments, Titan, Crompton, ZS Associates, Tiger Analytics, Vedanta, Blackbuck, Mahindra and Mahindra, Kotak Mahindra Bank, etc.
Infrastructure and Facilities:
VGSOM IIT Kharagpur has an infrastructure rating of 3/5. The institute provides the facilities of the library, separate boys and girls' hostels, sports complex, labs, cafeteria, Wi-Fi campus, hospital, auditorium, bank, post office, counselling center, etc. also.
Notable Alumni:
Some of the famous alumni of VGSOM IIT Kharagpur include Satyam, Shubham Gupta, Harshit Singh, and others.
6. IIM Kozhikode
IIM Kozhikode (also known as IIMK) is a public business school intuited in 1996 with the motto "Diligence leads to Excellence". The institute is located in Calicut (Kozhikode), Kerala. IIM Kozhikode was the fifth institute in the IIM family. The establishment of IIMK took place by the collaboration between the Government of India and the Government of Kerala. The institute stands at the 6th position in the list of NIRF 2020 of best management schools in India. It has academic affiliations with AMBA. The official website of the IIMK is iimk.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in Management (PGPM) | 20.77 Lakh | 2 Years (Full time) |
| MBA in Liberal Studies and Management | 20.55 Lakh | 2 Years (Full time) |
| MBA in Finance Management | 20.50 Lakh | 2 Years (Full time) |
| MBA in Business Analytics | 30.00 Lakh | 1 Year (Full time) |
| Executive Post Graduate Certificate Programs |
Scholarships:
- IIMK Merit Scholarship
- Merit-cum-Means Scholarship
- Rajshree Sahu Maharaj Scholarship
Placements:
In 2021, the placements rate of IIMK was 100% with 137 recruiters. The highest package of the year was 46.88 LPA. Some of the recruiters of 2021 are Deloitte, Goldman Sachs, Amazon, Tata, Bajaj, BCG, Microsoft, RBS, JP Morgan, Citi Bank, Axis Bank, Volvo, Paytm, Mahindra, Bain & Company, ZS Associations, TCS, Google, Myntra, American Express, Flipkart, Uber, Asian Paints, Pidilite, Samsung, Xiaomi, GSK, etc.
Infrastructure and Facilities:
IIM Kozhikode has 3/5 stars for its beautiful infrastructure. Along with this, the institute provides the facilities of the library, separate hostels for boys and girls, sports complex, labs, shuttle service, AC classrooms, convenience store, medical facilities, cafeteria, gym, Wi-Fi campus, auditorium, discussion rooms, dining hall, buzz rooms, seminar hall, Indian Business Museum, syndicate rooms, etc.
Notable Alumni:
Some of the luminous alumni of IIM Kozhikode are Sneha Choudhary, Hanish Yadav, Uma Kasoji, Surbhi Bhatia, Vikash Bakrewala, Kaveesh Thakker, Swarup Mavanoor, Arpan Biswas, and others.
7. IIM Indore
IIM Indore or IIM-I is a public business school established in 1996. It is located in Indore, Madhya Pradesh. IIM Indore is the sixth institute that joined the IIM family of management schools. The institute secured 7th position in the NIRF 2020 list of best institutes under the management category. MHRD, Government of India gave the status of "Institute of National Importance" to IIM-I with other IIMs in 2017. IIM Indore is the second and one of the three B-schools to receive the 'triple crown' or 'triple accredited' (AMBA, EQUIS, and AACSB). The official website of IIM Indore is iimidr.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in Management | 15.01 Lakh | 2 Years (Full time) |
| Executive MBA in Management | 20.00 Lakh | 1 Year(Full time) |
| MBA in Human Resource Management | 16.26 Lakh | 2 Years (Full time) |
| General Management Program for Executives | 5.90 Lakh | 1 Year (Part-time Classroom) |
| Executive Program in Digital Transformation | 1.94 Lakh | 11 Months (Part-time) |
| Online Postgraduate Certificate in Product Management | 2.80 Lakh | 3 Months (Online) |
| Five-Year Integrated Program in Management (IPM) | 26.00 Lakh | 5 Years (Full time) |
Scholarships:
- Need-based Financial Assistance
Placements:
In 2021, IIM Indore received more than 210 recruiters with the highest salary package of 56.8 LPA. The top domain in the placement process of 2021 was Finance. The top recruiters of the year include Bain & Company, BCG, EY, Optum, Deloitte, PwC, HDFC Bank, Fidelity, Deutsche Bank, Bank of America, Goldman Sachs, JP Morgan, ACT, Amazon, jubilant, Cipla, Apollo, Policy Bazaar, Wipro, Microland, etc.
Infrastructure and Facilities:
The overall infrastructure rating of IIM Indore is 5/5. Other than the beautiful infrastructure, the institute also offers the facilities of the library, boys and girls' hostels, sports complex, meditation, aerobics, and yoga room, labs, medical facilities, shuttle service, cafeteria, AC classrooms, convenience store, gym, Wi-Fi campus, banquet hall, conference room, SBI E-Corner, ATMs, seminar hall, etc.
Notable Alumni:
Some of the prominent alumni of IIM Indore are Hussain Haidry, Avinash Sethi, Siddharth Sethi, and others.
8. Department of Management Studies, IIT Delhi
DMS, IIT Delhi is the institution for administration instruction and investigation. It is a subsidiary of the Indian Institute of Technology, Delhi. DMS was established in 1993 by an amendment in the Indian Institute of Technology, Delhi statutes. This two-year full-time MBA course in TSM is run under the patronage of Bharti School of Telecom Technology and Management. In the 2020 list of top management institutes in India issued by the NIRF, DMS IIT Delhi secured the 8th The official website of DMS is www.dms.iitd.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA (General) | 9.60 Lakh | 2 Years (Full time) |
| MBA in Telecommunication Systems Management | 8.80 Lakh | 2 Years (Full time) |
| Executive MBA in Technology Management | 10.80 Lakh | 3 Years (Distance/Correspondence) |
| Ph. D. | 2 Years (Full time) |
Placements:
As per the data available for 2020, DMS IIT Delhi got 100% placements with the arrival of new recruiters in all sectors. DMS got 83 placement offers for 68 scholars with the most elevated compensation bundle of 33 LPA. The top domain of the year was Operations, followed by finance and IT. Some of the top recruiters of 2020 placements are OnePlus, Wipro, ICICI Bank, GAIL, Amazon, Deloitte, Rockwell Automation, Shell, Nestle, HDFC Bank, Bain & Company, Reliance Industries, and others.
Infrastructure and Facilities:
The rating of DMS IIT Delhi for its infrastructure is 4/5. Other than this, the institute has the facilities of the library, hostel, cafeteria, sports complex, labs, swimming pool, music and dance room, hospital, gym, Wi-Fi campus, auditorium, AC classrooms, hobbies workshop, amphitheater, conference room, etc.
Notable Alumni:
Some of the eminent alumni of DMS IIT Delhi are Pearl Uppal, Parag Sharma, Vijay Kumar, Sanjeev Sadvarti, Ashok Kamal, Sanjay Gupta, Kapil Bardeja, Sonal Shukla, Vipin Mahajan, Pradeep Joshi, Guntupalli Subbarao, Divyaman Srivastava, Ipininder Singh, Rajesh Raghuvanshi, Arbind Kumar, and others.
9. XLRI Xavier School of Management
Xavier Labor Relations Institute (XLRI) Xavier School of Management is a private trade school that was established in 1949. Its motto is "Excellence and Integrity". The institution is in Jamshedpur, Jharkhand. As per the 2020 rankings assigned by the NIRF to the best Indian institutes for management education, XLRI XSM got the 9th The founder and management authority of the institute is the Society of Jesus (Jesuits). The institute has academic affiliations with AACSB and AMBA. XLRI is the oldest business school in India. The Society of Jesus is also planning to open the second campus of XLRI Xavier School of Management in Delhi-NCR from 2020. The official website of the institution is www.xlri.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in General Management | 20.95 Lakh | 2 Years (Full time) |
| MBA in Business Management | 23.60 Lakh | 2 Years (Full time) |
| MBA in Human Resource Management | 23.60 Lakh | 2 Years (Full time) |
| Fellow Program in Management (FPM) | 4 Years (Full time) |
Scholarships:
- Aditya Birla Scholarship
- Pirojsha Godrej Scholarship
- XLRI Diamond Jubilee (Juniors) Scholarship
Placements:
In 2021, XLRI got a 100% placements rate with 108 recruiters. The highest salary offered by the recruiters was 58.5 LPA. Some of the top recruiters of the year are JP Morgan Chase, ICICI Bank, HSBC, IDFC First Bank, Citibank, Bain & Co., KPMG, Everest Group, Boston Consulting Group, Asian Paints, Samsung, Philips, P&G, ITC, Aditya Birla Group, Mahindra, Reliance Industries, Microsoft, Amazon, Google, Paytm, Uber, Flipkart, Lodha Group, Udaan, and others.
Infrastructure and Facilities:
The overall infrastructure rating of the beautiful campus of XLRI is 7/5. The institute provides the following facilities also: library, hostel, sports complex, gym, labs, cafeteria, auditorium, medical facilities, Wi-Fi campus, music room, convenience store, syndicate rooms, AC classrooms, etc.
Notable Alumni:
Some of the notable alumni of XLRI are T. V. Rao, Sanjeeva Kumar Singh, Abhijit Bhaduri, Gautam Sen, Abhishek Singh, Prerana Issar, Sanjay Jha, B. Muthuraman, Leena Nair, Sandeep Bakhshi, Sandip Sen, Vineet Nayar, Akash Khurana, Mahesh Mahadevan, Mohan Raman, Hayagreeva Rao, and others.
10. MDI Gurgaon
Management Development Institute Gurgaon is a private business school that was opened in 1973. It was established by the Industrial Finance Corporation of India in Gurgaon, Haryana. The motto of the institute is "Perfection in action is Yoga". It reserved the 10th rank in the 2020 list of the NIRF under the management category. The official website of the institute is mdi.ac.in.
Courses, Fees, and Duration:
| Course Name | Total Fees (In INR) | Duration |
|---|---|---|
| MBA in Human Resource Management | 21.34 Lakh | 2 Years (Full time) |
| MBA in International Management | 23.58 Lakh | 2 Years (Full time) |
| PGDM in Executive Management Program | 9.73 Lakh | 3 Years (Full time) |
| Fellow Program in Management (FPM) | 3 Years (Full time) | |
| National Management Program (NPM) | 15.35 Lakh | 15 Months (Full time) |
Scholarships:
- O.P. Jindal Scholarship
Placements:
In 2021, MDI Gurgaon witnessed 128 companies with a 100% placements rate. The most noteworthy compensation bundle of the year was 44 LPA. Some of the top recruiters of 2021 include Nestle, ICICI Bank, Asian Paints, ITC, Tata Consumer Products Ltd., Godrej, Coca Cola, Airtel, Yes Bank, OYO Rooms, Axis Bank, JP Morgan, Uber, Amazon, Tech Mahindra, Deloitte USI, Hinduja Group, Aditya Birla Group, Reliance Industries Ltd., and others.
Infrastructure and Facilities:
MDI Gurgaon has overall infrastructure ratings of1/5. The facilities provided by the institute to its students include the library, hostel, cafeteria, sports complex, gym, shuttle service, labs, AC classrooms, auditorium, music room, Wi-Fi campus, hospital, and medical facilities, dance room, convenience store, etc.
Notable Alumni:
Some of the famous alumni of MDI Gurgaon are B. Ashok, Vikas Bajaj, Amit Boni, Sanjay Verma, Girish Aivalli, Vani Gupta Dandia, Vishal Bhatia, Charu Mittra, Biju Sebastian, Neeraj Kakkar, Anurag Batra, Yosha Gupta, Durjoy Datta, Sachin Garg, Niketan Madhok, and others.
The top 10 MBA colleges in India mentioned in this article represent the best institutions for management education in the country. These colleges offer rigorous academic programs, experienced faculty, industry exposure, and excellent placement opportunities, preparing students to become future business leaders. Whether it's the prestigious IIMs, XLRI, ISB, or other reputed institutions, aspiring MBA students have a plethora of options to choose from. Selecting the right college that aligns with your career aspirations, interests, and learning preferences is crucial for a fulfilling and successful management education journey.
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