A 17 minute read

Top MBA colleges in India 2022 – fees, average salary, entrance exam, ranking

When we talk about top MBA colleges in India, generally, the IIMs come to our minds. However, with time, the scenario has changed and numerous other MBA colleges make it to the list of top MBA colleges in India 2022. The top MBA colleges in India include the Indian Institutes of Management (IIM), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and many more. The list of the top 100 MBA colleges is included in this article.

If you are planning to go for an MBA program, you have a bunch of options to choose from. But, the amount of information that you find on the internet related to the Top business schools in India may overwhelm and confuse you. To help you make an informed decision for your career, we have created a table that represents the top business schools in India with its flagship program, tuition fees, entrance exam, NIRF ranking, and average salary post-MBA.

Top MBA colleges in India 2022

Based on the latest NIRF ranking 2021, we have ranked the top MBA colleges in India based on the post-MBA salary. Here is the list of the top 100 MBA colleges in India 2022:

Sr.noNIRF 2021 RankingTop MBA Colleges in IndiaLocationProgram Average/Mean/Median Salary (INR) Tuition Fees(domestic)
INR
Accepted Exam
12IIM BangaloreBangalorePGP28,96,00023,00,000CAT/GMAT
23IIM CalcuttaKolkataPGP27,00,00024,00,000CAT/GMAT
3NAIndian School of Business (ISB)HyderabadPGP28,29,00033,05,120GMAT/GRE
47IIM LucknowLucknowPGP26,00,00019,25,000CAT/GMAT
5NAFMS DelhiDelhiMBA26,00,0001,92,000GMAT/CAT
619SPJIMR MumbaiMumbaiPGDM25,00,00019,00,000GMAT/CAT/XAT
78XLRI Xavier School of ManagementJamshedpurPGDM (Business Management)24,30,00025,80,000XAT/GMAT/CAT
86IIM IndoreIndorePGP23,60,00016,20,000CAT/GMAT
911MDI Gurgoan – Management Development InstituteGurugramPGPM – Business Management23,15,00015,35,000CAT/GMAT
101IIM AhmedabadAhmedabadPGP22,82,00023,00,000CAT/GMAT
1112National Institute of Industrial EngineeringMumbaiPGDM 22,80,00014,63,000CAT
1210IIT Bombay – Shailesh J Mehta School of Management MumbaiMumbaiMBA21,96,0009,06,400CAT
1325Indian Institute of Foreign Trade (IIFT Delhi)DelhiMBA in International Business21,08,0008,85,000IIFT/ GMAT
144IIM KozhikodeKozhikodePGP20,00,00020,00,000CAT/GMAT
1520Symbiosis Institute of Business ManagementPuneSIBM19,56,00021,27,950SNAP
1623IIM ShillongShilongPGP18,76,00014,60,000CAT/GMAT
175DMS IIT DelhiNew DelhiMBA18,50,0008,00,000CAT
189IIT KharagpurKharagpurMBA18,44,00011,59,760CAT/GMAT
1916IIT KanpurKanpurMBA16,86,00010,97,600CAT
2015IIM RaipurRaipurPGP15,11,00014,20,400CAT
2121IIM RanchiRanchiPGDM15,11,00015,00,000CAT
2222Pravin Dalal School of Entrepreneurship and Family business Management (NMIMS)MumbaiMBA15,00,00020,87,000NMAT/GRE/GMAT
2317IIM TrichyTrichyPGP14,85,00016,50,000CAT
2433IIM KashipurKashipurMBA14,05,00014,75,000CAT
2528IIM RohtakRohtakPGP13,74,00016,10,000CAT/ GMAT
2624Great Lakes Institute of ManagementChennaiPGDM13,63,00017,15,000CAT/GMAT/XAT/CMAT
2726IMI Delhi – International Management InstituteNew DelhiPGDM13,28,00018,34,900CAT/GMAT
2818IIM UdaipurUdaipurMBA13,00,00015,96,200CAT
2913DoMS IIT MadrasChennaiMBA12,77,5008,00,000CAT
3067IIM Amritsar AmritsarMBA12,67,94713,20,000CAT
3138IMT GhaziabadGhaziabadPGDM12,42,00019,53,000CAT/GMAT/XAT
3232TAPMI Manipal – T A Pai Management InstituteManipalPGDM11,50,00015,00,000CAT/XAT/GMAT
3335GIM – Goa Institute of ManagementGoaPGDM10,71,00018,07,000CAT/XAT/GMAT/CMAT
3414IIT Roorkee – Indian Institute of TechnologyRoorkeeMBA10,58,0009,31,500CAT
3561IIM Sambalpur – Indian Institute of ManagementSambalpurPGP10,50,00013,03,000CAT
3655IRMA – Institute of Rural Management AnandAnandPGDRM10,35,00014,00,000CAT/XAT/IRMASAT
3743FORE School of ManagementNew DelhiPGDM10,30,00015,98,000CAT/XAT/GMAT
3876 -100IIM Jammu – Indian Institute of ManagementJammuMBA10,00,00012,33,000CAT
3976 -100IIM Sirmaur – Indian Institute of ManagementSirmourMBA9,60,00015,75,000CAT
4050IFMR Graduate school of Business KREA University (IFMR GSB) Andhra PradeshMBA9,50,00013,86,000NMAT/CAT/XAT/CMAT/GMAT
4140IIM NagpurNagpurPGP9,49,39813,75,000CAT
4272Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning CenterMumbaiPGDM9,19,0005,50,000CAT/MAT/XAT/CMAT/ATMA
4359Jaipuria Institute of ManagementJaipurPGDM8,75,00010,45,000CAT/ MAT/ XAT/ CMAT/ GMAT
4465LIBA – Loyola Institute of Business AdministrationChennaiPGDM8,75,00015,59,000CAT/XAT
4576 -100Institute of Management Nirma UniversityAhmedabadMBA8,75,00010,04,000CAT
4676 -100LBSIM – Lal Bahadur Shastri Institute of ManagementDelhiPGDM8,70,00011,67,000GMAT/CAT
4741BML Munjal UniversityGurgaonMBA8,68,00011,00,000CAT/MAT/XAT
4862IMI Bhubaneswar – International Management InstituteBhubaneswarMBA8,25,00012,47,000XAT/ GMAT/ CAT/ CMAT
4952IMI Kolkata – International Management InstitutionKolkataPGDM8,05,00013,00,000CAT/XAT/GMAT
5044BIMTECH – Birla Institute of Management TechnologyGreat NoidaPGDM8,03,00012,00,000CAT/XAT/GMAT
5147BHU – Banaras Hindu UniversityVaranasiMBA8,00,0001,50,000BHU PET
5234Xavier School of Rural ManagementBhubaneswarMBA-BM7,78,00013,80,000XAT/GMAT/CAT/x-GMAT/NMAT
5360Alliance School of Business Alliance UniversityBangaloreMBA7,60,00013,50,000AMAT/GMAT/CAT/NMAT/XAT/MAT/CMAT/KMAT 
5448NIT TrichyTiruchirappalliMBA7,50,0002,98,000CAT
5531KIIT School of ManagementBhubaneswarMBA7,33,00013,60,000KIITEE/CMAT/ATMA/XAT/MAT/GMAT
5675IIFM – Indian Institute of Forest ManagementBhopalPost Graduate Diploma in Forestry Management 7,30,0005,39,000XAT/CAT
5763IMT Hyderabad – Institute of Management TechnologyHyderabadPGDM7,00,00012,03,000CAT XAT GMAT CMAT
5869Institute of Management and Entrepreneurship Development Bharati VidyapeethPuneMBA7,00,0004,50,000BMAT
5927IFHE Hyderabad – ICFAI Foundation For Higher EducationHyderabadMBA6,60,00016,02,000IBSAT/CAT/GMAT/NMAT
6076 -100Manipal University JaipurJaipurMBA6,50,0007,89,000CAT MAT CMAT XAT GMAT
6142LM Thapar School of ManagementMohaliMBA6,21,0008,28,360CAT GMAT NMAT CMAT XAT MAT
6229Amity Business School (ABS)NoidaMBA6,00,00010,58,000CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam
6354Chitkara Business School ChandigarhChandigarhMBA6,00,0008,00,000MAT XAT NMAT CMAT CAT
6466School of Petroleum Management Pandit Deendayal Energy UniversityGandhinagarMBA6,00,0008,20,000CAT XAT NMAT
6553PSG College of Technology – PSGCTCoimbatoreMBA5,80,0001,48,000MAT CAT TANCET MBA
6676 -100Christ UniversityBangaloreMBA5,70,0007,90,000CAT/ CMAT/ MAT/ XAT/ ATMA/ GMAT
6776 -100Visvesvaraya Technological University [VTU]BelgaumMBA5,60,0005,00,000MAT CAT CMAT KMAT Karnataka PGCET
6830Indian Institute of Technology (ISM)DhanbadMBA5,50,0003,00,000CAT
6976 -100Babasaheb Bhimrao Ambedkar University (BBAU)LucknowMBA5,50,0001,81,000Written exam by the institute
7036Jamia Millia IslamiaNew DelhiMBA 5,40,00047,000JMI Entrance
7146School of Business UPESDehradunMBA5,25,00014,19,800UPESMET/ MAT/ CMAT/ CAT/ XAT/ GMAT/ NMAT
7273IIHMR UniversityJaipurMBA – HM5,10,0009,60,000MAT/ CAT/ CMAT/ ATMA/ XAT/ GMAT/ IIHMR-U
7376 -100Rajagiri Centre for Business Studies – RCBSKochiPGDM5,00,0007,00,000CAT/ CMAT/ KMAT/ KERALA MAT
7449AMU – Aligarh Muslim UniversityAligarhMBA4,80,0005,87,000AMU Entrance exam
7537LPU – Lovely Professional UniversityJalandharMBA4,32,0005,32,000LPU NEST/XAT/MAT/CAT/CMAT
7670Birla Institute of Technology MesraRanchiMBA4,12,0005,89,000CAT/ MAT/ XAT/ CMAT
7776 -100Shri Mata Vaishno Devi UniversityJammuMBA4,00,0003,85,000CMAT/ MAT/ CAT
7876 -100Faculty of Social Science Dayalbagh Educational InstituteAgraMBA3,50,00022,050Written exam by the institute
7976 -100Galgotias UniversityNoidaMBA3,00,0003,08,000CMAT/ MAT/ CAT/ NMAT
8076 -100The Business School University of JammuJammuMBA2,90,00028,000CAT/MAT
8156K J Somaiya Institute of ManagementMumbaiMBA NA 16,29,279CAT/ XAT/ CMAT/ GMAT
8268Jaipuria Lucknow – Jaipuria Institute of ManagementLucknowPGDM NA 10,45,000CAT MAT XAT CMAT GMAT
8371Jagan Institute of Management StudiesDelhiPGDM NA 8,00,000GMAT MAT CAT XAT CMAT ATMA
8476 -100Institute of Business Management and Research (IBMR IPS)IndoreMBA NA 2,30,000CMAT
8576 -100J. C. Bose University of Science and Technology YMCAFaridabadMBA NA 1,97,000CAT MAT XAT
8676 -100Shoolini UniversitySolanMBA NA 4,88,000MAT GMAT CAT SAT India HPCET
8776 -100JIMS Kalkaji – Jagannath International Management SchoolDelhiPGDM NA 7,95,000MAT XAT CMAT ATMA CAT
8838KL Business School KL UniversityGunturMBA NA5,20,000KLUBSAT)/ ICET / MAT / CAT / XAT
8945Chandigarh UniversityChandigarhMBA NA3,94,000CUCET/ CAT/ MAT/ GMAT
9051GGSIPU – Guru Gobind Singh Indraprastha UniversityDelhiMBA NA2,42,000CAT/ CMAT/ IPU CET
9158IIITM Gwalior – Indian Institute of Information Technology and ManagementGwaliorMBA NA3,38,000CAT
9264Graphic Era University – GEUDehradunMBA NA5,26,000CAT/ MAT/ XAT
9376 -100New Delhi Institute of ManagementDelhiPGDM NA9,70,000CAT/ MAT/ XAT/ ATMA/ GMAT/ CMAT
9476 -100School of Management Studies – University of Hyderabad (SMS Hyderabad)HyderabadMBA NA2,02,000CAT
9576 -100IMT Nagpur – Institute of Management TechnologyNagpurPGDM NA12,04,000CAT/ XAT/ GMAT/ CMAT
9676 -100Chandragupt Institute of ManagementPatnaPGDM NA7,65,000CAT/ XAT/ CMAT
9776 -100Balaji Institute of Management Human Resource Development (BIMHRD) Sri Balaji UniversityPuneMBA NA                     8,45,000CAT/ MAT/ XAT/ CMAT/ MAH CET
9876 -100Pune Institute of Business ManagementPuneMBA NA                     7,95,000MAT/ XAT/ GMAT/ CAT/ CMAT/ ATMA/ MAH CET
9976 -100JIMS Kalkaji – Jagannath International Management SchoolDelhiPGDM NA7,95,000MAT/ XAT/ CMAT/ ATMA/ CAT
10076 -100IPE Hyderabad – Institute of Public EnterpriseHyderabadPGDM -IB NA8,15,000CAT/ MAT/ XAT/ CMAT/ ATMA GMAT

Apart from IIMs, there are other prominent top management colleges in India like XLRI, ISB, SP Jain, FMS Delhi, and MDI Gurgoan that are giving tough competition to the IIMs. The average salary from these five business schools is approx. INR 25,00,000.

While looking at the post-MBA salary for the top business schools in India, you can’t ignore the cost that is involved in getting an MBA. One of the things that need to ask yourself is the ROI on your MBA investment.

The average tuition fee for the colleges mentioned in the table is approx. INR 11,00,000. However, there are other costs apart from your tuition fee, such as the living cost during MBA, hostel fee, and mess fee,  that also needs to be taken into consideration.

Take a look at our video where we highlight the top 5 reasons to pursue MBA in 2021:

A GMAT score of 730+ yields an incremental $500K in ROI?

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Top 10 MBA Colleges in India 2021

Now that you know the Top MBA colleges in India let’s take a look at the top 10 best business schools in detail.

Here is the list of the top 10 MBA colleges in India:

  1. IIM Ahmedabad
  2. IIM Bangalore
  3. IIM Calcutta
  4. XLRI, Jamshedpur
  5. ISB
  6. SPJIMR Mumbai
  7. IIM Indore
  8. IIM Lucknow
  9. FMS Delhi
  10. IIFT Delhi

We have curated the list of top MBA colleges in India based on the following factors:

  • Placements and ROI (Return on Investment)
  • Competition for Admission (Cut-off)
  • Global Recognition

Let’s take a look.

IIM Ahmedabad

Top MBA colleges in India - IIM Ahmedabad

IIM Ahmedabad leads our list of top MBA colleges in India due to its high placement trends and ROI over the years. The PGP at IIM Ahmedabad is at par with some of the best global MBA programs.

The upcoming sub-sections are going to highlight important details about IIM Ahmedabad’s flagship program – PGP, such as its eligibility criteria, admission process, fee structure, placement reports, and ROI.

IIM A Flagship program

The two-year Post-graduate Program in Management (PGP) is the flagship program at IIM Ahmedabad.

Besides, PGP, IIM-A offers the following programs in management studies:

Standardized Test for IIM A PGP Admission

If you are a domestic student, you can apply for PGP at IIM Ahmedabad through the Common Admission Test (CAT).

Note: IIM Ahmedabad considers GMAT scores only for overseas Indian candidates and foreign candidates seeking admission into its PGP.

IIM A PGP eligibility criteria

You must fulfill the following requirements to be eligible to apply for PGP at IIM Ahmedabad:

  • You must have a bachelor’s degree or equivalent with 50% marks. (45% for SC, ST and PwD category applicants)
  • You must have a valid CAT score (Cut-off: 80 percentile)
  • IIM Ahmedabad allows overseas Indian candidates to apply through a valid GMAT score (cut-off- 720)

IIM A PGP admission process

Your application for admission to IIM Ahmedabad’s PGP will be evaluated on the following parameters:

  • CAT scores
  • Past academic performances
  • Performance in the personal interviews

The admission criteria for IIM Ahmedabad’s PGP go beyond just having valid CAT scores and a bachelor’s degree. The competition for admission into IIMA PGP is quite high. It has not only set cut-off scores for the CAT, but also for the individual sections of the CAT. Besides the CAT score, your past academic performances will be minutely evaluated.

You can get details about the evaluation criteria for each component of your application here: IIM Ahmedabad PGP Selection Process

The information on the admission criteria for overseas Indian candidates can be found here: IIM Ahmedabad PGP Selection Criteria for Overseas Indian Candidates

IIM Ahmedabad PGP fee structure

IIM Ahmedabad has set the Tuition fee for its PGP class of 2021 at INR 23,00,000. The cost of attendance for overseas Indian students admitted in the PGP class of 2021 is $25,000.

The cost of attendance mentioned above does not cover the expenses for laptop, travel, and other personal expenses.

IIM Ahmedabad PGP placement reports

The table below lists down details about the placement for the PGP class of 2019:

Total # of students eligible for placements404
Students who didn’t seek placement13
Mean SalaryINR 22,82,000 lakhs
Maximum SalaryINR 45 lakhs

For details on IIM Ahmedabad’s post-graduate program for executives (PGPX), you can refer to the following article: IIM Ahmedabad PGPX.

IIM Bangalore

Top MBA colleges in India - IIM Bangalore

The next institute on our list of top MBA colleges in India is IIM Bangalore. Let’s have a look at the details about IIM Bangalore’s flagship program- PGP, its admission criteria, eligibility, fee structure, and placement reports.

IIM B Flagship Program

Master of Business Administration (MBA), Two-year full-time program is the flagship program at IIM Bangalore.

Besides PGP, IIM-B offers the following programs in management studies:

Standardized test for IIM B PGP admission

Domestics students can apply for admission into IIM-B PGP through CAT (Common Admission Test) (Cut-off – 85 percentile). International applicants can apply through GMAT.

IIM B PGP eligibility criteria

You must fulfill the following requirements to be eligible to apply for IIM Bangalore PGP:

  • You must have a bachelor’s degree or equivalent with 50% marks.
  • You must have a valid CAT score (Cut-off: 85 percentile)
  • International applicants can apply through a valid GMAT score

IIM B PGP Admission process

IIM Bangalore evaluates your application on the following criteria:

  • CAT scores
  • Performance in writing assessment test (WAT)
  • Performance in the personal interview

IIM B PGP Fee structure

IIM Bangalore has set the total tuition fee for their PGP class of 2021 at INR 23,00,000. Moreover, you will be asked to make a caution deposit of INR 20,000, and an advance of INR 25,000 at the mess (each term)

IIM B PGP placement report

The table below highlights details about the placements for IIM Bangalore’s PGP 2019 – 2021:

Total # of students opting for placements440
# of students who opted out of placements9
Total # of offers made481
# of companies recruiting120
Average domestic salaryINR 28.98 lakhs

For details on IIM Bangalore’s post-graduate program for executives (EPGP), you can refer to the following article: IIM Bangalore EPGP.

IIM Calcutta

Top MBA colleges in India - IIM Calcutta

IIM Calcutta ranks third in our list of top MBA colleges in India. IIM Calcutta is a well-known choice for students who seek a career in finance or consulting. Let’s have a look at significant details about IIM-C’s flagship course, its admission criteria, eligibility, fee structure, placement trends, etc.

IIM C Flagship program

The flagship program at IIM Calcutta is known as the Master of Business Administration (MBA). Besides MBA, IIM-C offers the following programs in management studies:

  • MBAEx (formerly known as PGPEx)
  • PGPEx-VLM
  • PGDBA

Standardized test for IIM C MBA admission

  • CAT (Cut-off – 85)
  • GMAT (only for international applicants) (Cut-off – 85 percentile)

Domestic candidates can apply for IIM-C MBA 2022-2024 only through CAT 2021.

Interested candidates living, working or studying outside India during the period January 1, 2021 to February 15, 2022 will be considered as ‘Overseas Candidate’ for admission to MBA Prgoramme of IIM Calcutta for 2022-24 Batch.

However, an overseas candidate who is expected to be in India during CAT 2021 scheduled on November 28, 2021 will not be eligible to apply under overseas category.

IIM Calcutta MBA eligibility criteria

IIM Calcutta decides on your eligibility for its MBA program based on the following criteria:

  • If you have a bachelor’s degree with at least 50% marks
  • If you have a valid CAT 2021 score. Overseas candidates who is expected to be in India during CAT 2021, will not be eligible to apply under overseas category.

IIM Calcutta admission process

IIM Calcutta evaluates your application for final selection into its MBA program based on the following parameters:

  • Your CAT 2021 score / GMAT score (weightage – 30)
  • Performance in the personal interview (weightage – 48)
  • Performance in written ability test (WAT) (weightage – 10)
  • Your work experience (weightage – 8)
  • Your past academic performance (weightage – 4)

Your application goes through three rigorous stages of shortlisting. Details about each stage can be found here: IIM Calcutta PGP admission policy.

IIM Calcutta Fee structure

IIM Calcutta has kept the tuition fee for the class of 2020-2022 is 26.98 lakhs, excluding the other costs.

For information on IIM Calcutta’s executive MBA program, you can refer to the following article: IIM Calcutta PGPEx.

XLRI Jamshedpur

Top MBA colleges in India - XLRI Jamshedpur

After three IIMs, we have finally got a non-IIM institute at the fourth position on our list of top MBA colleges in India. XLRI is the oldest and one of the best management studies institutes in India. Let’s have a look at its flagship program, with details about its admission criteria, fee structure, placement report, etc.

XLRI Jamshedpur Flagship program

The flagship management studies program at XLRI, Jamshedpur, is a two-year full-time program called PGDM (Business Management). It offers another part-time program in management studies known as PGDM (BM) part-time.

Standardized test for XLRI PGDM (BM) admission

XLRI requires you to take the XAT 2021 (Xavier Aptitude Test) for admission into its PGDM (BM)

XLRI PGDM (BM) eligibility criteria

If you plan on applying for XLRI’s PGDM (BM), you need to make sure that you fulfill the following eligibility criteria:

  • You must have a recognized bachelor’s degree (10+2+3)
  • You must have a valid XAT score.

XLRI PGDM (BM) Admission criteria

XLRI shortlists candidate to allot seats for its PGDM in business management through a three-step process:

  • Registration for XAT 2021
  • Shortlisting through XAT scores
  • Personal Interview

Your application will be reviewed on the following parameters:

  • You XAT score
  • Your performance in the personal interview

XLRI PGDM (BM) Fee structure

XLRI Jamshedpur has set the cost of attendance for its PGDM in business management at INR 20 lakhs for two years. Besides the tuition fees, you will have to pay for the mess and hostel charges.

XLRI PGDM (BM) Placement reports

The following table highlights details about the placement of XLRI PGDM (BM) class of 2020:

# of recruiters108
# of offers made362
Average salaryINR 24.30lakhs
Highest International salaryINR 58.5 lakhs

India School of Business (ISB)

Top business schools in India - ISB

Indian School of Business (ISB) Hyderabad is the next institute on our list of top MBA colleges in India. We have put ISB at fifth position on our list of top MBA colleges in India due to its global tie-ups, great placement stats, and a significant alumni list.

Let’s have a look at the details about ISB’s flagship course

ISB Flagship program

ISB’s flagship course is called PGP (post-graduate program in management). ISB also offers the following post-graduation programs in management:

  • PGP for Senior Executives
  • PGP for working professional
  • PGP in Management for Family Business

Standardized test for ISB PGP admission

ISB accepts either GMAT scores or GRE scores for PGP admissions.

ISB PGP eligibility criteria

You will be considered eligible to apply for ISB PGP only if you fulfill the following criteria:

  • You have a valid GMAT score (or GRE score)
  • You have a bachelor’s or equivalent degree
  • For international applicants, TOEFL/IELTS score is must (if your primary language for education wasn’t English)
  • You have at least 24-months of full-time work experience

ISB PGP Fee structure

The total cost of attendance for ISB PGP stands at INR 34.5 lakhs (approx.), which is inclusive of taxes and other costs.

ISB PGP Placement report

ISB PGP class of 2021 has set new records in its latest placement season. The class of 2021 received 1145 offers with an average CTC of INR 28.29 lakhs an increase of 8.32% as compared to last year’s CTC of INR 26.12 lakhs.

For detailed information on ISB PGP, you can refer to the following article: Indian School of Business PGP.

“I once rejected a candidate who had a stellar MBA application profile with an excellent work background. But, he did not perform well in the #ISBinterview. He, later on, got into Harvard Business school.”

– AM Kannan, Former Director, Admissions and Financial Aid at ISB

Clearly, apart from judging a candidate’s profile, future goals, experience, and fitment, their performance in the interview plays a significant role. Watch this video where a former director of Admissions and Financial Aid at ISB, shared few anecdotal evidence like the one mentioned above and gave first-hand insights into preparing for the ISB interview:

SPJIMR Mumbai

best colleges for mba in India - SPJIMR

SPJIMR Mumbai reserves sixth position on our list of top MBA colleges in India due to the high global relevance of its programs. Let’s have a brief overview of its flagship program, application deadlines, eligibility criteria, fee structure, and placement reports.

SPJIMR Flagship program

The flagship program at SPJIMR Mumbai is called Post Graduate Diploma in Management (PGDM) – two-Year full-time MBA. Along with PGDM, SPJIMR Mumbai offers a bunch of management studies program, including a dedicated management program for women (PGMPW). Its Global management program (GMP) gives its students global exposure through connections with some of the leading business schools.

Standardized test for SPJIMR PGDM admission

SPJIMR Mumbai is quite flexible in terms of the standardized test scores it accepts for admission. You can take any one of the following three entrance exams to secure admission into SPJIMR Mumbai PGDM 2022-2024:

  • CAT 2021
  • XAT 2021
  • GMAT

SPJIMR PGDM eligibility criteria

You must qualify under the following criteria to be eligible for PGDM at SPJIMR Mumbai:

  • You must have a bachelor’s degree or equivalent
  • You must have less than or equal to 5 years of work experience.
  • You must have a valid CAT, XAT, or GMAT score

The cut-off scores for SPJIMR PGDM admissions are as follows:

  • CAT 2021: Sectional percentile- 75, Overall percentile- 85
  • GMAT: Sectional percentile- 75, Overall percentile- 85

Note: If you are applying through GMAT scores, you must have appeared for the exam in between the following period: January 1, 2019, to December 31, 2021.

SPJIMR PGDM Admission criteria

SPJIMR Mumbai divides its admission process into two segments: Profile based, and Profile-cum-score based

  • For the first segment, the applicants are shortlisted based on their past academic performance, i.e., 10th, 12th, and graduation years. The shortlisted candidates are then called for an early interview
  • The second segment of shortlisting is done after the availability of the test scores. The candidates are called for the second round of interview

The final selection of the candidates based on the following parameters:

  • Past academic performance
  • Performance in entrance tests (CAT/XAT/GMAT)
  • The relevance of work experience (if any)
  • And, performance in both the rounds of interviews

SPJIMR PGDM fee structure

The fee for the PGDM class of 2021-2023 at SPJIMR Mumbai is INR 19 lakhs, which covers the tuition fee, accommodation charges, and Global fast track. You will be required to bear any other expenses incurred during the program.

SPJIMR PGDM placement reports

The table below highlights important details about the placements of SPJIMR Mumbai’s PGDM 2021:

Participants in the batch 233
# of recruiters131
Average salaryINR 26.06 lakhs
Median salaryINR 25 lakhs

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IIM Indore

business schools in india - IIM indore

The next college in our list of top MBA colleges in India is the Indian Institute of Management Indore.

Flagship program

The flagship program at IIM Indore is a two-year full-time residential MBA program called Post-graduate Programme in Management (PGP). Besides PGP, IIM Indore offers the following programs in management studies:

  • Executive PGP
  • PGP-Mumbai
  • Five years IPM
  • PGP-MX
  • PGP-HRM

Standardized Test for PGP admission

You must take the CAT 2020 entrance exam to apply for PGP at IIM Indore (2021-2023 batch).

PGP eligibility criteria

Your eligibility to apply for PGP at IIM Indore (2021-2023 batch) will be decided on the following factors:

  • You have a bachelor’s degree or equivalent with at least 50% scores.
  • You have a valid CAT score. (International applicants can apply through GMAT scores)
  • The cut-off percentile for CAT 2020 is as follows: Sectional percentile – 80, Overall percentile – 90.
  • The cut-off GMAT scores for international applicants is 700, and the cut-off AWA score is 4.

PGP Admission criteria

The decision on your admission will be made by evaluating the following components of your application:

  • Past academic performance
  • CAT 2020 score or GMAT score (for international applicants)
  • Performance in Writing ability test (for domestic students)
  • Performance in personal interviews

International applicants are required to submit the following with their applications:

  • Completed application form
  • GMAT scores
  • TOEFL score (if your primary language of education wasn’t English)
  • Three letters of recommendation
  • A statement of purpose
  • A self-attested copy of passport.

PGP fee structure

The Indian students are liable to pay a fee of approx. INR 17 lakhs for IIM Indore PGP. For international candidates, the costs for PGP stands at approx. INR 25 lakhs.

The following table gives an overview of IIM Indore’s PGP 2021 placement report:

Class intake579 (incl. Dual-degree and PGP-Mumbai students)
# of recruiters210+
Average salaryINR 23.6 lakhs
Highest salary (domestic)INR 56.8 lakhs

IIM Lucknow

Business schools in India - IIM Lucknow

Moving on to the next college on our list of top MBA colleges in India – IIM Lucknow. The upcoming sub-sections highlight details about IIM Lucknow’s flagship program.

Flagship program

The flagship program at IIM Lucknow is called Post-graduate program in management (PGP). Besides PGP, IIM offers a bunch of other management studies program for graduates and executives.

Standardized test for PGP admission

IIM Lucknow accepts CAT 2021 scores for its PGP.

PGP eligibility criteria

You will be deemed eligible for IIM Lucknow PGP if you fulfill the following criteria:

  • You must hold a bachelor’s degree or equivalent with at least 50% marks
  • Candidates in the final year of graduation can also apply. But, you will be required to produce relevant certificates by June 30, 2020, if selected.
  • You must have a valid CAT 2021 score

PGP admission process

IIM Lucknow evaluates your application on the following parameters:

  • Your past academic performance
  • CAT 2021 scores
  • Performance in Written Ability Tests (WAT)
  • Performance in Group Discussion
  • And, performance in the personal interview

Note: Only the candidates shortlisted for interview are further evaluated on the criteria mentioned above.

PGP fee structure

The total cost of attendance for IIM Lucknow’s PGP class of 2021 -2023 is approx.INR 19 lakhs.

PGP placement reports

The following table gives an overview of the final placements at IIM Lucknow PGP class of 2019-2021:

Class Intake478
# of offers made447
Highest CTC (domestic)INR 51 lakhs
Median salaryINR 23.5  lakhs
Highest CTC (International) INR 56 lakhs
Average CTC INR 26 lakhs

Faculty of Management Studies  – Delhi University

Best mba colleges in india - FMS delhi

FMS Delhi is one of the most sought-after MBA colleges in India due to its low cost of attendance and high ROI. Let’s have a look at details about its flagship program.

FMS DU Flagship program

The flagship program at Faculty of Management Studies (FMS) Delhi is a full-time course called MBA. Other management studies programs offered at FMS Delhi are:

  • MBA-Executive
  • MBA-Executive HCA

Standardized test for FMS DU MBA admission

FMS Delhi will accept CAT 2021 scores for its MBA admissions

FMS DU MBA admission process

The candidates are shortlisted for the interview round based on their CAT scores. 30%, 30%, and 40% weightage shall be given to QA, DI/LR, and VRC sections of the CAT, respectively.

After the interview, the shortlisted candidate will be further evaluated based on the following components of their application:

  • CAT 2021 scores
  • Past academic performances
  • Performance in Group discussion
  • Performance in Extempore
  • And, performance in the personal interview

FMS DU MBA fee structure

You will be liable to pay a tuition fee of INR 1,92,000 for an MBA at FMS Delhi. Due to such low fees, FMA Delhi is known to have high ROI.

FMS DU MBA placement reports

The following table highlights details about FMA Delhi MBA 2019 placements:

Class Intake216
# of students who sought placement holiday18
# of recruiters68
# of offers made210
Average salaryINR 23.2 lakhs
Highest salaryINR 48 lakhs

IIFT Delhi

The next MBA college on our list is the Indian Institute of Foreign Trade i.e., IIFT

IIFT Flagship program

The flagship program at IIFT Delhi is a two-year full-time program called MBA in International Business (MAB (IB)).

Standardized test for IIFT MBA (IB) admission

IIFT Delhi allows its seats for MBA(IB) through its own standardized test that are conducted at 20 cities in India. International applicants can apply through GMAT scores.

IIFT MBA eligibility criteria

You need to fulfill the following eligibility criteria to apply for MBA (IB) at IIFT Delhi:

  • You must have a recognized bachelor’s degree (10+2+3)
  • There isn’t any age limit

IIFT Delhi MBA admission process

Your application for MBA (IB) at IIFT Delhi will be evaluated based on the following parameters:

  • The candidates are shortlisted based on their performance in the written test. The shortlisted candidates are called for group discussions and personal interviews.
  • The final selection is made based on your performance in the written test, essay write-up, group discussion, and personal interview.

IIFT MBA fee structure

The general and OBC category candidates are liable to pay the fees of INR 8.85 lakhs annually (50% relaxation for SC/ST/PwD candidates) for the 2021 batch.

For international applicants, the fee for MBA (IB) is US$ 30,000 annually.

IIFT MBA placement report

The following table depicts details about MBA (IB) 2019-2021 placements at IIFT Delhi:

Class Intake334
# of recruiters117
Average salaryINR 21.08 lakhs
Median salaryINR 20 lakhs

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FAQs on Top MBA colleges in India

Which are the top MBA colleges in India?

Some of the top MBA colleges in India are IIM Bangalore, IIM Ahmedabad, IIM Calcutta, ISB, SPJIMR, FMS Delhi, and many more.

What is the tuition fees for top MBA colleges in India?

The Average Tuition fee for the top MBA colleges in India is approx. INR 10,68,413.

Should I get an MBA?

Yes. However, an MBA is only worth the effort, time, and expenses you put into it. Here is an article to help you understand if an MBA is worth it.

Do business schools in India accept GMAT Score?

Yes. Most of the Indian colleges accept GMAT score. IIMs accept it for MBA admissions into their 1-year full-time executive programs. However, for their two-year program, an Indian student is required to submit CAT 2021 Score. Here is an article to understand the scope of GMAT in India.

What is the duration of an MBA program?

An MBA program duration can range from 1 to 2 years.

What are the different types of MBA programs?

There are six types of MBA Program:
1. One-year MBA
2. Two-Year MBA
3. Executive MBA
4. Deferred MBA
5. Part-Time MBA
6. Online MBA

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