MBA remains a highly sought-after degree in India, with top institutions like IIM Ahmedabad, IIM Bangalore, and IIM Kozhikode leading the pack. According to the NIRF MBA ranking 2023, other esteemed institutions include IIM Calcutta, IIT Delhi, XLRI Jamshedpur, IIM Lucknow, and IIM Mumbai (NITIE). Of the 5,147 MBA colleges in India, 737 are government-owned, while 4,318 are private institutions.
Admission to MBA programs hinges on performance in entrance exams such as CAT, GMAT, SNAP, XAT, and MAT, followed by group discussions and personal interviews. The fee structure for MBA programs varies widely, ranging from INR 50,000 to INR 31,20,000, with average placement packages ranging from INR 7 to INR 15 LPA. Graduates from prestigious MBA colleges like IIM, ISB, and IIT have witnessed significant increases in salaries, with IIM Ahmedabad reporting the highest package of INR 1.15 crore per annum.
MBA continues to attract a large number of students in India, with approximately 3 lakhs aspiring managers vying for admission to leading B-Schools annually. CAT, one of the most prominent MBA entrance exams, saw a record-breaking 3.3 lakh student registrations in 2023. Scheduled for November 24, 2024, the CAT 2024 exam will be conducted in three slots. Top management colleges in India, from IIM Ahmedabad to IIM Kozhikode, are actively revamping their MBA curriculum to provide more hands-on experience for students.
Top 10 MBA Colleges in India
Here is the list of the Top 10 MBA Colleges in India, their total seats, CAT Cut-off for 2023, and total course fees.
| Top 10 MBA Colleges in India | Total Seats | CAT 2023 Cutoff | Total Course Fees(INR) |
|---|---|---|---|
| IIM Ahmedabad | 385 | 99 | INR 25 lakh |
| IIM Bangalore | 565 | 99 | INR 24.5 lakh |
| IIM Calcutta | 462 | 99 | INR 27 lakh |
| DMS IIT Delhi | 91 | 98 | INR 11.2 lakh |
| IIM Kozhikode | 525 | 97 | INR 12 lakh |
| IIM Lucknow | 490 | 90 | INR 14.3 lakh |
| IIM Indore | 450+150 | 90 | INR 21.17 lakh |
| XLRI Jamshedpur | 1310 | 92 | INR 24.20 lakh |
| IIM(NITIE) Mumbai | 550 | 97 | INR 21 lakh |
| IIT Madras | 68 | 85 | INR 8.92 lakh |
Top MBA Colleges in India with NIRF Ranking 2023
The National Institutional Ranking Framework (NIRF) is a method adopted by the Government of India to rank the top institutions based on various parameters. NIRF is the most trustworthy and popular ranking agency in India. It operates under the Ministry of Education. So, if you're planning to pursue higher education in India, you should check out the NIRF rankings to help you make an informed decision!
The table below highlights the top MBA colleges in India, per NIRF Ranking of the past three years, i.e. 2021 to 2023.
| College Name | NIRF 2023 | NIRF 2022 | NIRF 2021 |
|---|---|---|---|
| Indian Institute of Management, (IIM) Ahmedabad | 1 | 1 | 1 |
| Indian Institute of Management, (IIM) Bangalore | 2 | 2 | 2 |
| Indian Institute of Management, (IIM) Kozhikode | 3 | 5 | 4 |
| Indian Institute of Management, (IIM) Calcutta | 4 | 3 | 3 |
| Indian Institute of Technology, (IIT) Delhi | 5 | 4 | 5 |
| Indian Institute of Management, (IIM) Lucknow | 6 | 6 | 7 |
| IIM Mumbai (NITIE) | 7 | 9 | 12 |
| Indian Institute of Management, (IIM) Indore | 8 | 7 | 6 |
| XLRI-Xavier School of Management | 9 | 12 | 12 |
| Indian Institute of Technology Bombay | 10 | 11 | 10 |
Tier-1 MBA Colleges in India
Listed below are the Tier -1 MBA Colleges in India along with their fees and admission criteria-
| College Name | Average Fees | Admission Criteria |
|---|---|---|
| IIM Ahmedabad | INR 25,00,000 (Total) | CAT/GMAT/GRE |
| IIM Bangalore | INR 24,50,000 (Total) | CAT/GMAT |
| IIM Calcutta | INR 27,00,000 (Total) | CAT/GMAT |
| IIM Kozhikode | INR 20,50,000 (Total) | CAT/GMAT/GRE |
| XLRI Xavier School of Management | INR 14,30,000 | XAT/GMAT |
| FMS Delhi | INR 1,00,000 | CAT |
| SP Jain Mumbai | INR 24,00,000 (Total) | CAT |
| IIM Lucknow | INR 10,95,000 | CAT/GMAT |
| IIT Indore | INR 9,04,711 | CAT |
| JBIMS Mumbai | INR 3,50,000 | CAT |
