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Top MBA Colleges in India

By: Avantika Bhardwaj on November 15, 2021

The Top MBA College in India include various MBA programs offered at the postgraduate level. These programs primarily consist of MBA, MMS, Executive MBA, MHA, M. Phil and Ph.D. degrees. There have been various categories of Management colleges across the country such as Indian Institutes of Management (IIMs), Management institution of Symbiosis International University, Management Institutions of Xavier's, Indian Institutes of Technology (IITs).

IIM Ahmedabad stands first in the list of Top 10 Management colleges in India as per the NIRF Ranking 2021. The other colleges in the list are IIM Bangalore, IIM Calcutta, IIM Kozhikode, IIT Delhi, IIM Indore, IIM Lucknow, XLRI, IIT Kharagpur, and IIT Bombay.

There are total 6231 MBA colleges in India out of which 5142 college are private and 1080 colleges are government colleges. These colleges impart standard education which is at par with other best MBA colleges in the world.

The course fee of MBA programs varies across management institutions. The average fees of pursuing MBA program in India is INR 10 to INR 11 Lakh. The range of fees differs among private and government colleges. This range of fees may even go up to 24-25 lakhs according to college standards. The course fees also varies for programs such as MBA, Executive MBA, and MMS.

Candidates seeking admission to these colleges are shortlisted based on the merit and their performance in the entrance examinations conducted at the State or National Level. For MBA, some of the most prominent management exams conducted at the national level are CAT, SNAP, MAT, XAT, NMAT, and CMAT. CAT Exam is one of the most sought-after entrance examinations conducted by one of IIMs every year. This year CAT 2021 Exam is being conducted by IIM Ahmedabad and CAT Exam Date is 29th November 2021.  

Students, after having completed MBA, have a vast number of job opportunities in front of them. The average salary of these job opportunities ranges from INR 6-10 LPA. Students completing their MBA from one of the Indian Institutes of Management (IIMs) get salary package of around INR 20-30 LPA.

Besides full-time mode, these management programs are offered in part-time and distance education modes as well. These modes are also available in many top colleges of the country.

This article is to give you information about Top MBA colleges in India according to their NIRF Ranking 2021 in Management category.  

Top 10 MBA Colleges in India as per NIRF Ranking 2021

  • IIM Ahmedabad has been ranked 1st amongst Top MBA Colleges in India as per the NIRF Ranking 2021. There are total 75 management institutions in the ranking list and the top 10 management colleges as per the list have been mentioned here. IIM Ahmedabad continued its legacy to be ranked 1st amongst top mba colleges in the country.
  • IIM Bangalore managed to get 2nd rank in NIRF Ranking again. Even in the year 2020, IIM Bangalore was ranked 2nd in the list followed by IIM Calcutta both the times.
  • XLRI Jamshedpur has also shown a good improvement as it has outranked IIT Bombay and IIT Kharagpur and managed to get ranked at 8th position and entered the list of Top 10 MBA Colleges in the country.

The list below mentions Top 10 MBA Colleges in India as per NIRF Ranking of 2021:

NIRF 2021 Rank

Institute

NIRF Score

1

Indian Institute of Management Ahmedabad (IIM Ahmedabad)

83.69

2

Indian Institute of Management Bangalore (IIM Bangalore)

83.48

3

Indian Institute of Management Calcutta (IIM Calcutta)

80.04

4

Indian Institute of Management Kozhikode (IIM Kozhikode)

73.34

5

Indian Institute of Technology Delhi (IIT Delhi)

72.15

6

Indian Institute of Management Indore (IIM Indore)

71.10

7

Indian Institute of Management Lucknow (IIM Lucknow)

71.02

8

Xavier Labour Relations Institute (XLRI)

69.93

9

Indian Institute of Technology Kharagpur (IIT Kharagpur)

69.50

10

Indian Institute of Technology Bombay (IIT Bombay)

68.08

List of Top Management Colleges According to Fees

Institutions

Total Fees in INR

IIM Ahmedabad

23,00,000

IIM Bangalore

23,00,000

IIM Calcutta

27,00,000

IIM Lucknow

21,00,000

IIM Indore

17,06,422

IIM Kozhikode

20,50,000

IIM Rohtak

16,70,000

IIM Udaipur

18,65,000

ISB Hyderabad

41,98,000

IIT Bombay

9,60,000

List of Top Management Colleges with the Best Return on Investment (ROI)

What does ROI mean?

ROI stands for Return on Investment which primarily means how much you are earning after having completed your management degree from a renowned college vs the amount you spent completing that course. Please note down the below mentioned points:

  • A college that has low course fee, but you get higher salary package will have higher ROI
  • A college that has high course fee but same salary package as that of your college fee will have lower ROI

College Name

Average Annual Fee

Average Salary Package

ROI Rank*

XLRI Jamshedpur

INR 4,26,000

INR 22,35,000

1

SIBM Pune

INR 5,90,000

INR 17,48,000

2

SPJIMR Mumbai

INR 9,30,000

INR 22,90,000

3

MDI Gurgaon

INR 9,43,000

INR 20,13,000

4

Lovely Professional University [LPU]

INR 2,90,000

INR 6,00,000

5

IMT Ghaziabad

INR 10,35,000

INR 12,50,000

6

SIBM Bangalore

INR 8,20,000

INR 9,79,000

7

ISB Hyderabad

INR 34,63,000

INR 25,06,000

8

Great Lakes Chennai

INR 16,00,000

INR 11,00,000

9

ROI can be calculated as:

ROI = {(Average Salary Package) / (Average Annual Fee)} *100%

When it comes to ROI, FMS Delhi is considered to be the best management institute across the country. Based on the basic calculation made on money invested and the returns received, ROI calculates the average fees of the college and the average salary received by students.

Top Management Colleges in India with Cutoff

Many of the MBA college across the country admit students based on their performance in the management entrance examinations conducted at the national level or state level. These college shortlist candidates based on the marks obtained by them while some of the colleges grant admission based on the merit list. Colleges that accept students based on their performance in the MBA entrance examinations release cutoff list and students who get to qualify the cutoff list released by these college are considered eligible for admission.

  • The cutoff lists released by these management institutions have provisions of reservation for different categories. Majorly, the colleges release these cutoff lists in multiple rounds in order to fill all the seats for that particular program.

The list given below mentions the cutoff score released by the top MBA colleges in India:

College

MBA Cutoff 2020

IIM Ahmedabad

90 (CAT Cutoff)

IIM Bangalore

99 (CAT Cutoff)

IIM Lucknow

97 (CAT Cutoff)

XLRI Jamshedpur

96 (XAT Cutoff)

NMIMS Mumbai

209 (NMAT Cutoff)

Symbiosis Pune

96 (SNAP Cutoff)

MDI Gurgaon

94 (CAT Cutoff)

FMS Delhi

98 (CAT Cutoff)

SP Jain Mumbai

85 (XAT Cutoff)

Top MBA Colleges in India for Distance MBA

S. No.

Institute

1

IGNOU New Delhi

2

ICFAI Foundation for Higher Education, Hyderabad

3

Symbiosis Center for DIstance Learning

4

ICFAI University, Directorate of Distance Education, Agartala

5

BBG Distance Learning Centre

6

IMT Ghaziabad Center for Distance Learning

7

Narsee Monjee School for Continuing Education, Mumbai

8

Annamalai University, Cuddalore

9

MIT School of Distance Education, Pune

10

Tamil Nadu Open University

Top MBA Colleges in India for Online MBA

S. No.

Institute

1

Amity University, Noida

2

Jaipur National University (JNU), Jaipur

3

Pondicherry University, Directorate of Distance Education

4

National Institute of Business Management, Chennai

5

ITM University, Gwalior

Top Management College in India (Exam-wise)

Since we have more than 6000 MBA colleges in India, it becomes difficult for a student to choose one college besides IIMs and other reputed management institutions. There is a long list of renowned management institutions in India. Management colleges in India accept various entrance exams for admission to MBA program.

Here is the list of top management colleges categorized based on the entrance examinations they accept:

Top MBA Colleges Accepting CAT Exam

College Name

CAT Cutoff 2020

IIM Ahmedabad

90

IIM Bangalore

99

IIM Calcutta

99

IIM Lucknow

97

IIM Indore

97

IIM Kozhikode

97

IIT Madras

85

IIT Delhi

90

IIT Bombay

90

IIT Roorkee

95

Top MBA Colleges Accepting MAT Exam

College Name

MAT Cutoff 2020

JIMS New Delhi

63

IIHMR University, Jaipur

67

SRM Chennai

67

KIIT Bhubaneswar

80

Alliance University, Bangalore

67

VIT Vellore

80

UPES Dehradun

87

BIMTECH Greater Noida

70

BIT Mesra, Ranchi

43

Jaipuria Institute of Management, Noida

67

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MBA Study : Scope and stats

Bangalore
emerging as the most
popular MBA destination
35%
MBA aspirants
prefer South India
Average percent of Women
opting for MBA is 18%
higher than men

Know the detailed analysis on MBA Trends in India

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