Top MBA Colleges in India 2023: Rankings, Fees, Admissions, Courses, Placements
There are about 110 top MBA colleges in India. Out of which, 64 colleges are privately owned, 45 colleges are owned by public/government organisations, and public-private organisations own 1 college. CAT, XAT, and CMAT are the main accepting exams in top MBA colleges in India. As per NIRF ranking 2023, the best MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, etc. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.
The revised position for some of the top MBA colleges in India is mentioned below:
- IIM Kozhikode improved its ranking as it shifted to rank 3 in 2023 as compared to rank 5 in 2022
- IIM Calcutta declined in its order as it shifted to rank 4 in 2023 as compared to rank 3 in 2022
- Banaras Hindu University has the lowest tuition fee, which is INR 10,228.
- IIM Ahmedabad offers the highest placement package, i.e. INR 31.50 LPA.
- The best MBA school in India is IIM Ahmedabad, followed by IIM Bangalore and IIM Kozhikode. In the most recent NIRF rankings for 2023, the institutes are rated 1, 2, and 3.
The XAT 2024 registration last date has been extended till Dec 10, 2023. Further, XAT 2024 admit card will be released on Dec 20, 2023 and the exam is scheduled for Jan 7, 2024.
- CAT exam 2023 was held on November 26, 2023. Registered candidates can download the official answer key from the IIMCAT website.
- KMAT 2023 result is likely to be announced in the month of December 2023. Candidates who appeared for the KMAT Karnataka exam 2023 can check their results online.
Top MBA Colleges in India: Highlights 2023
One of the most sought-after postgraduate courses is the Master of Business Administration or MBA. This two-year course opens the door to numerous corporate job opportunities. The MBA is chosen by students from various backgrounds, including the Humanities, Business, and Science. A regular MBA is a two-year course that is spread across four semesters. Additionally, there are a few private MBA schools that provide one-year PGDM courses.
Check out some key features of the best MBA colleges in India. This brief summary will assist in better college selection.
Parameters | Particulars/Statistics |
|---|---|
No. of MBA Collegess | 110 |
Top Distance MBA Colleges | XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc. |
Annual Fees | INR < 1 lakh: 7 Colleges INR 1-2 lakh: 5 Colleges INR 2-3 lakh: 6 Colleges INR 3-5 lakh: 11 Colleges INR > 5 lakh: 74 Colleges |
Top Specialisations | Sales and Marketing, Finance, Human Resources, Operations, IT and Systems, etc. |
Accepted Entrance Exams | CAT, XAT, CMAT, MAT, etc. |
No. of Top MBA Colleges | 20 IIMs 23 IITs |
How can I get admission to top MBA colleges in India?
The eligibility criteria for top B-Schools in India may differ from one college to another. However, the essential MBA eligibility criteria are as follows:
- Candidates must have passed graduation in any discipline or equivalent from a recognised university as an essential eligibility criteria for MBA (full-time).
- Most institutes follow the minimum score criteria in graduation which are 50% aggregate or equivalent CGPA. For reserved category students, the minimum aggregate is 45%or equivalent CGPA.
- Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.
What are the entrance exams for MBA colleges in India?
The two most popular entrance exams accepted in top MBA Colleges in India are:
- CAT: The Common Admission Test (CAT) is a national-level management aptitude test for admission to the MBA courses offered by 20 IIMs and over 1,200 B-schools in India. CAT question paper is divided into three sections: Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
- XAT: XAT (Xavier Aptitude Test) is a national-level management entrance examination conducted by XLRI, Jamshedpur for admission to MBA/PGDM programmes. XAT preparation needs at least six to nine months. Being one of the more challenging MBA entrance exams among its peers, XAT requires dedicated time and effort. It comprises four sections: Decision Making, Verbal Ability and Logical Reasoning, Quantitative Ability & Data Interpretation, and General Knowledge.
- MAT: Management Aptitude Test or MAT is a national-level entrance exam conducted by the All India Management Association (AIMA) for admissions to MBA/PGDM courses. The exam is conducted in multiple sessions in four phases – February, May, September, and December. MAT exam is conducted offline (Paper Based Test or PBT), online (Computer Based Test or CBT), and remotely proctored (Internet Based Test or IBT) modes.
Listed below are the following admission dates for best MBA colleges in India along with their schedule and cut off 2023 predictor:
Exam Name | Dates | Schedule | Cut off 2023 Predictor |
|---|---|---|---|
CAT Exam 2023 | 26 Nov ‘23 | CAT Schedule | CAT 2023 Predictor |
XAT Exam 2024 | 7 Jan ‘24 | XAT Schedule | XAT 2023 Predictor |
CMAT Exam 2024 | May '24 | CMAT Schedule | CMAT 2023 Predictor |
MAT CBT 1 Exam 2023 | 3 Dec '23 | MAT Schedule | MAT 2023 Predictor |
NMAT Exam 2024 | To Be Announced | NMAT Schedule | NMAT 2023 Predictor |
Every year, NIRF rankings are published in accordance with the annual data gathered by the framework. Five factors, including graduation rate, research and professional practises, teaching and learning resources, and the overall impression of the institution, are used to determine rankings and ratings.
Following is a list of the top ten MBA colleges in India ranked by NIRF 2023:
College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
|---|---|---|---|
Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 |
Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 |
Indian Institute of Management, (IIM) Kozhikode | 4 | 5 | 3 |
Indian Institute of Management, (IIM) Calcutta | 3 | 3 | 4 |
Indian Institute of Technology, (IIT) Delhi | 5 | 4 | 5 |
Indian Institute of Management, (IIM) Lucknow | 7 | 6 | 6 |
IIM Mumbai (formerly known as NITIE) | 12 | 9 | 7 |
Indian Institute of Management, (IIM) Indore | 6 | 7 | 8 |
XLRI-Xavier School of Management | 12 | 12 | 9 |
Indian Institute of Technology Bombay | 10 | 11 | 10 |
What are the top Private MBA colleges in India?
Among the top ten MBA colleges in India. Here is a list of some of the top private MBA colleges in India along with their total tuition fee/seat intake and entrance exam/eligibility criteria:
College Name | Total Tuition Fee/Seat Intake | Entrance Exam/Eligibility |
|---|---|---|
XLRI MBA Admission | INR 29 lakh Seats: 1,310 | Entrance Exams: XAT, GMAT Graduation with a minimum aggregate of 50% |
MDI MBA Admission | INR 25 lakh Seats: 750 | Entrance Exams: CAT, XAT, MAT, GMAT Graduation with 50% aggregate |
SIBM Pune MBA Admission | INR 22 lakh Seats: 282 | Entrance Exam: SNAP Bachelor’s degree with an aggregate of 50% |
SPJIMR MBA Admission | INR 20 lakh Seats: 780 | Entrance Exam: CAT Graduation with 50% aggregate |
NMIMS School of Business Management MBA Admission | INR 12 lakh Seats: 990 | Entrance Exam: NMAT Graduation with 55% aggregate |
Amity University Noida MBA Admission | INR 5 lakh Seats: 120 | Entrance Exams: MAT, XAT, CAT, NMAT, etc. Class 12 with 70% and graduation with 60% aggregate |
LPU MBA Admission | INR 8 lakh Seats: 500 | Entrance Exams: LPU NEST, MAT, XAT, CAT, etc. Class 12 with 60% and graduation with 55% aggregate |
What are the top Govt. MBA colleges in India?
Among the top ten MBA colleges in India. Here is a list of some of the top public/government MBA colleges in India along with their total course fee/seat intake and entrance exams/eligibility criteria:
College Name | Total Tuition Fee/Seat Intake | Entrance Exam/Eligibility |
|---|---|---|
IIM Ahmedabad MBA Admission | INR 25 lakh Seats: 50 | Entrance Exam: CAT, GATE Graduation with 50% aggregate |
IIM Bangalore MBA Admission | INR 25 lakh Seats: 635 | Entrance Exam: CAT Graduation with 50% aggregate (45 % for SC/ST students) |
IIT Delhi MBA Admission | INR 11 lakh Seats: 91 | Entrance Exam: CAT Graduation with 60% aggregate |
IIM Kozhikode MBA Admission | INR 21 lakh | Entrance Exam: CAT, EMAT Graduation with 50% aggregate |
IIM Lucknow MBA Admission | INR 13 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
IIM Raipur MBA Admission | INR 14 lakh | Entrance Exam: CAT Graduation with 50% aggregate |
IIM Rohtak MBA Admission | INR 9 lakh | Entrance Exams: CAT, IPM Aptitude Test |
What are the top Distance MBA Colleges in India 2023?
The table below shows the distance good MBA colleges in India along with their total tuition fee and seat intake:
Distance MBA Colleges | Total Tuition Fee | Seat Intake |
|---|---|---|
XLRI Xavier School of Management | INR 14 lakh | NA |
SRM Institute of Science and Technology | INR 60,000 | 1,200 |
National Institute of Agricultural Extension Management | INR 15,000 | NA |
Neville Wadia Institute of Management Studies and Research | INR 3.8 lakh | 120 |
Indian Institute of Finance | INR 1.6 lakh | NA |
IGNOU | INR 62,000 | NA |
What are the top MBA Colleges in Delhi/NCR?
Refer to the table below for a detailed overview of the top MBA colleges in Delhi/NCR along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
IIM Rohtak | 12 | Fee: INR 9 lakh Exams: CAT, IPM Aptitude Test |
MDI Gurgaon | 13 | Fee: INR 25 Exam: CAT |
JMI | 25 | Fee: INR 47,000 Exam: JMI Entrance Exam |
IIFT Delhi | 27 | Fee: INR 22 lakh Exam: IIFT |
Amity University Noida | 28 | Fee: INR 5 lakh Exams: MAT, XAT, CAT, NMAT, etc. |
What are the top MBA Colleges in Mumbai (All)?
Refer to the table below for a detailed overview of the top MBA colleges in Mumbai (All) along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
IIM Mumbai | 7 | Fee: INR 6 lakh Exam: CAT |
SP Jain Institute of Management and Research | 20 | Fee: INR 20 lakh Exam: CAT |
NMIMS School of Business Management | 21 | Fee: INR 12 lakh Exam: NMAT |
Welingkar Mumbai | 73 | Fee: INR 14 lakh Exam: CAT, XAT, CMAT, ATMA |
What are the top MBA Colleges in Kolkata?
Refer to the table below for a detailed overview of the top MBA colleges in Kolkata along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
IIM Calcutta | 4 | Exam: CAT |
International Management Institute | 70 | Fee: INR 10 lakh Exam: XAT, CAT, CMAT |
What are the top MBA Colleges in Bangalore?
Refer to the table below for a detailed overview of the top MBA colleges in Bangalore along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
IIM Bangalore | 2 | Fee: INR 25 lakh Exam: CAT |
Christ University | 60 | Fee: INR 9 lakh Exams: CAT, XAT, CMAT, Karnataka PGCET, etc. |
Jain Deemed to be University | 85 | Exams: Karnataka PGCET, MAT, CAT, JET, XAT, etc. |
Alliance School of Business | 87 | Fee: INR 15 lakh Exams: MAT, GMAT, CAT, KMAT, Karnataka PGCET, NMAT, etc. |
Welingkar Bangalore | 101-125 | Fee: INR 13 lakh Exams: CAT, XAT, CMAT, ATMA |
What are the top MBA Colleges in Chennai?
Refer to the table below for a detailed overview of the top MBA colleges in Chennai along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
Great Lakes Institute of Management | 31 | Fee: INR 11 lakh Exams: CAT, CMAT, XAT |
Saveetha Institute of Medical and Technical Sciences | 71 | Fee: INR 7 lakh Exams: CAT, MAT, XAT, CMAT, etc. |
B.S. Abdur Rahman Crescent Institute of Science and Technology | 101-125 | Fee: INR 5 lakh Exams: MAT, XAT, CAT, TANCET, etc. |
Hindustan Institute of Technology and Science | 101-125 | Fee: INR 3 lakh Exams: HITSCAT, MAT, XAT, CAT, etc. |
What are the top MBA Colleges in Pune?
Refer to the table below for a detailed overview of the top MBA colleges in Pune along with their NIRF ranking and total tuition fee/entrance exams:
College Name | NIRF Ranking (2023) | Total Tuition Fee/ Exam |
|---|---|---|
SIBM Pune | 17 | Fee: INR 22 lakh Exam: SNAP |
National Institute of Bank Management | 76 | Fee: 14 lakh |
Institute of Management and Entrepreneurship Development, Bharati Vidyapeeth | 101-125 | Fee: INR 5 lakh Exam: BMAT |
National Insurance Academy | 101-125 | Fee: INR 9 lakh Exam: CAT, CMAT |
Pune Institute of Business Management | 101-125 | Fee: INR 8 lakh Exams: MAT, XAT, CAT, CMAT, MAH CE |
Which MBA College offers highest salary in India?
Return on investment, or ROI, is the sum that students receive as a placement offer in return for investing a sizable sum of money to attend a college and complete a degree of study.
The best MBA colleges in India with the total tuition fee and annual average package are tabulated below:
College Name | Total Tuition Fee | Annual Average Package |
|---|---|---|
IIM Ahmedabad MBA | INR 25 lakh | INR 30 LPA |
IIM Bangalore MBA | INR 25 lakh | INR 33 LPA |
IIT Delhi MBA | INR 11 lakh | INR 24 LPA |
IIM Kozhikode MBA | INR 21 lakh | INR 27 LPA |
IIM Lucknow MBA | INR 13 lakh | INR 30 LPA |
XLRI MBA | INR 29 lakh | INR 30 LPA |
