A 19 minute read

Top MBA colleges in India – What make these the best business schools in India?

When we talk about top MBA colleges in India, generally, the IIMs come to our minds. However, with time, the scenario has changed. Out of 20, 14 IIMs are included in the top 100, but other MBA colleges have been performing at par with the top IIMs. 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, and average salary post-MBA.

Top MBA colleges in India

From the data presented below, we can say that the average salary for an MBA graduate is approx. INR 11,43,955. However, your salary also depends on the business school. For example, the average salary for the IIMs mentioned in the table is INR 15,67,373.

Rank Top MBA Colleges in India Location Flagship Program Average Salary Tuition Fees Entrance Exam
1 IIM Ahmedabad Ahmedabad PGP INR 25,83,126 INR 23,00,000 CAT/GMAT
2 IIM Bangalore Bangalore  PGP INR 24,54,000 INR 23,00,000 CAT/GMAT
3 IIM Calcutta Kolkata MBA-PGP INR 27,90,000 INR 27,00,000 CAT/GMAT
4 XLRI Xavier School of Management  Jamshedpur  PGDM (BM) INR 24,30,000 INR 20,00,000 XAT/GMAT/CAT
5 Indian School of Business (ISB) Hyderabad  PGP INR 24,35,915 INR 24,54,000 GMAT/GRE
6 SPJIMR Mumbai  Mumbai  PGDM INR 22,00,000 INR 17,50,000 GMAT/CAT/XAT
7 IIM Indore  Indore  PGP  INR 20,79,000 INR 16,00,000 CAT/GMAT
8 IIM Lucknow  Lucknow PGP INR 24,25,000 INR 14,16,000 CAT/GMAT
9 FMS Delhi  New Delhi  MBA (Full-time) INR 23,20,000 INR 1,92,000 CAT/GMAT
10 IIFT Delhi New Delhi  MBA (International Business)  INR 18,00,000 INR 17,25,000 IIFT/ GMAT
11 IIM Kozhikode Kozhikode PGP INR 20,67,000 INR 19,00,000 CAT/GMAT
12 NMIMS School of Business Management  Mumbai  MBA INR 17,79,000 INR 19,76,000 NMAT/GRE/GMAT
13 MDI Gurgoan – Management development Institute  Gurugram  PGPM  INR 19,17,000 INR 16,00,000 CAT/GMAT
14 NMIMS School of Buiness Management  Bangalore  PGDM  INR 10,50,000 INR 19,76,000 NMAT/GMAT/GRE
15 IIT Kharagpur  Kharagpur  MBA  INR 16,11,000 INR 9,00,000 CAT/GMAT 
16 IMT Ghaziabad Ghaziabad PGDM INR 13,60,000 INR 18,30,000 CAT/GMAT/XAT
17 DMS IIT Delhi  New Delhi  MBA INR 18,47,000 INR 9,60,000 CAT
18 SIBM Pune  Pune  MBA INR 20,14,000 INR 18,80,000 SNAP 
19 IIM Trichy  Trichy PGP INR 13,00,000 INR 16,50,000 CAT
20 IMI Delhi – International Management Institute  New Delhi  PGDM INR 13,07,000 INR 13,16,000 CAT/GMAT
21 Vellore Institute of Technology  Vellore  MBA – VITBS INR 7,25,000 INR 6,97,000 CAT/XAT/GMAT/CMAT.ATMA/NMAT
22 JBIMS – Jamnalal Bajaj Institute of Management studies  Mumbai  MMS INR 17,42,000 INR 3,00,000 CAT/CMAT, MH-CET
23 IIM Udaipur  Udaipur  MBA INR 13,20,000 INR 13,75,000 CAT/GMAT
24 NITIE Mumbai  Mumbai  PGDIE INR 20,08,000 INR 7,00,000 CAT 
25 IIM Rohtak  Rohtak  PGP  INR 11,85,000 INR 13,80,000 CAT/ GMAT 
26 TAPMI Manipal – T A Pai Management Institute  Manipal  PGDM INR 11,06,000 INR 14,60,000 CAT/XAT/GMAT
27 Great Lakes Institute of Management  Chennai  PGDM (One-year) INR 13,10,000 INR 10,10,000 CAT/GMAT/XAT/CMAT
28 SCMHRD  Pune  MBA  INR 15,64,000 INR 18,40,000 SNAP 
29 DoMS IIT Madras Chennai  MBA INR 12,44,000 INR 8,00,000 CAT/GMAT
30 IIM Shillong Shilong  PGP  INR 16,50,000 INR 14,60,000 CAT/GMAT 
31 BITS Pilani  Pilani  MBA  INR 9,18,000 INR 8,36,600 CAT/XAT/GMAT
32 IIM Ranchi  Ranchi  PGDM  INR 15,02,000 INR 15,00,000 CAT
33 SIBM   Bangalore  MBA INR 8,00,000 INR 14,50,000 SNAP 
34 XIME  Bangalore  PGDM  INR 7,04,000 INR 10,00,000 CAT/GMAT/ATMA/CMAT/MAT/XAT
35 IFIM Business school  Bangalore  PGDM INR 7,50,000 INR 15,50,000 CAT/XAT/NMAT/GMAT
36 ICFAI Business School (IBS) Hydrabad MBA  INR 5,98,000 INR 14,00,000 GMAT/NMAT/CAT/IBSAT/SNAP/XAT/MAT/CMAT/CET
37 Indira Institute of Management  Pune  PGDM INR 5,00,000 INR 4,00,000 CMA/CAT/MAT/ATMA/MAHCET
38 NMIMS School of Buiness Management  Bangalore  PGDM INR 10,50,000 INR 14,50,000 NMAT 
39 Xavier School of Rural Management  Bhubaneswar  MBA-BM INR 23,00,000 INR 17,30,000 XAT/GMAT/CAT/x-GMAT
40 IIM Kashipur  Kashipur PGP INR 13,82,00 INR 7,50,000 CAT
41 IIM Sambalpur  Sambalpur  PGP INR 9,23,000 INR 10,00,000 CAT
42 T.A. Pai Management Institute (TAPMI) Manipal  PGDM INR 11,06,000 INR 14,60,000 CAT/XAT/GMAT
43 IIT Roorkee – Indian Institute of Technology  Roorkee MBA INR 10,30,000 INR 6,13,800 CAT/GMAT
44 IIM Raipur  Raipur PGP INR 14,,53,000 INR 12,61,200 CAT
45 BIIB – Balaji Institute of International Business  Pune  MBA INR 6,85,000 INR 7,85,000 CAT/XAT/MAT/CMAT/ MAH-CET
46 Jamia Millia Islamia  New Delhi  MBA INR 4,25,000 INR 46,800 JMI Entrance
47 NIT Trichy  Tiruchirappalli MBA-PGDM INR 6,00,000 INR 2,53,000 CAT
48 Institute of Management – Nirma University  Ahmedabad MBA INR 9,00,000 INR 9,52,000 CAT/GMAT
49 Symbiosis Institute of Operations management – SIOM  Nashik  MBA in Operations  INR 11,73,000 INR 13,53,000 SNAP 
50 IRMA – Institute of Rural Management Anand  Anand PGDRM INR 10,80,000 INR 11,00,000 CAT/XAT
51 PSG College of Technology – PSG Institute of Management  Coimbatore  MBA INR 7,50,000 INR 8,00,000 CAT/MAT/ATMA/TANCET
52 LIBA – Loyaola Institute of Business Administration  Chennai  PGDM  INR 9,50,000 INR 12,00,000 CAT/XAT
53 SIMSR KJ Somaiya Institute of Management  Mumbai  PGDM  INR 10,05,000 INR 15,52,000 CAT/XAT/GMAT
54 KIIT School of Management  Bhubaneswar  MBA INR 6,50,000 INR 13,60,000 KIITEE/CMAT/ATMA/XAT/MAT/GMAT
55 BHU – Banaras Hindu University  Varanasi MBA INR 7,50,000 INR 98,888 BHU PET
56 BIMTECH – Birla Institute of Management Technology  New Delhi  PGDM INR 8,18,000 INR 12,00,000 CAT/XAT/GMAT
57 GIM – Goa Institute of Management  Goa PGDM INR 11,72,000 INR 10,92,000 CAT/XAT/GMAT/CMAT
58 BIM Tiruchirappalli  Tiruchirappalli MBA INR 9,30,000 INR 13,61,000 CAT
59 PUMBA  Pune  MBA NA INR 1,34,000 MH-CET/CAT/CMAT
60 University of Lucknow – Department of Business Administration  Lucknow MBA NA INR 3,00,000 CAT
61 IIT Bombay – Shailesh J Mehta School of Management Mumbai  Mumbai  MBA INR 20,80,000 INR 8,30,000 CAT
62 FORE School of Management  New Delhi  PGDM INR 10,10,000 INR 15,98,000 CAT/XAT/GMAT
63 SIMSREE  Mumbai  PGDBM INR 10,20,000 INR 1,34,000 CAT/MAT/XAT/CMAT
64 National Institute of Agricultural Extension Management  Hydrabad PGDM  INR 7,50,000 INR 6,00,000 CAT
65 Rajagiri Center for business studies  – RCBS Kochi MHRM NA INR 6,50,000 CMAT/CAT/MAT/ KMAT Kerala
66 SIES College of Management Studies  Mumbai  PGDM  INR 7,14,000 INR 9,00,000 CAT/MAT/CMAT/MAH-CET
67 Anna University  Chennai  MBA/PGDM INR 4,71,000 INR 83,020 TANCET
68 IPE Hydrabad  Hydrabad MBA/PGDM INR 7,20,000 INR 8,50,000 CAT/MAT/XAT/CMAT
69 Alliance School of Business  Bangalore  MBA INR 7,60,000 INR 13,50,000 XAT/GMAT/NMAT/KMAT/MAT/CMAT/IBSAT/CAT/Alliance-AMAT
70 AIMS Institutes  Bangalore  MBA INR 4,92,000 INR 9,50,000 CAT/MAT/CMAT/KMAT/GMAT
71 BIMM – Balaji Institute of Modern Management  Pune  MBA INR 6,00,000 INR 4,82,000 CAT/MAT/XAT/CMAT/MH-CET
72 IMI Kolkata – International Management Institution  Kolkata MBA/PGDM  INR 6,50,000 INR 9,95,642 CAT/XAT/GMAT
73 Asia Pacific Instiotute of Management  Panipat PGDM-GM INR 3,00,000 INR 1,60,000 MAT/CMAT
74 SIIB Pune – Symbiosis Institute of International Business  Pune  SIIB INR 10,78,000 INR 10,08,000 SNAP 
75 Delhi school of Economics  New Delhi  MBAIB INR 9,50,000 INR 15,696 CAT
76 Delhi school of Economics  New Delhi  MBA INR 10,68,000 INR 15,696 CAT
77 IFMR Graduate School of Business, KREA University  Andra Pradesh  MBA/PGDM INR 8,70,000 INR 13,20,000 CAT/XAT/GMAT/GRE
78 Panjab University (PUCHD) Chandigarh  MBA NA INR 1,70,000 CAT/PU-CET
79 LBSIM  New Delhi  PGDM  INR 9,20,000 INR 11,67,000 GMAT/CAT 
80 Christ University  Bangalore  MBA INR 6,80,000 INR 8,03,000 XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA
81 Christ University  Bangalore  MBA+M.S. INR 6,80,000 INR 17,87,000 XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA
82 Welingkar Institute of Management  Mumbai  PGDM INR 9,19,000 INR 5,50,000 CAT/MAT/XAT/CMAT/ATMA
83 PSG Institute of management – PSGIM  Kolkata PSGIM INR 7,50,000 INR 6,00,000 CAT/MAT
84 IISWBM  Kolkata MBA INR 6,50,000 INR 6,00,000 CAT
85 Institute of Management and Entrepreneurship development  Pune  MBA INR 7,50,000 INR 4,50,000 B-MAT
86 School of Business, University of Petroleum and Energy studies  Dehradun  MBA NA INR 13,34,000 UPESMET/CMAT/GMAT/CAT
87 IILM Institute of Business and Management  Gurgaon MBA/PGDM NA INR 12,90,000 CAT/MAT/NMAT/XAT/CMAT
88 IMT Nagpur  Nagpur MBA/PGDM INR 7,00,000 INR 14,00,000 CMAT/CAT/XAT/GMAT
89 WeSchool Bangalore  Bangalore  MBA-PGDM INR 9,19,000 INR 5,50,000 XAT/CAT/GMAT/CMAT/ATMA
90 Indus Business Academy  Bangalore  MBA/PGDM INR 6,50,000 INR 8,24,000 MAT/GMAT/CAT/XAT/KMAT/ATMA
91 LPU – Lovely Professional University  Jalandhar MBA/PGDM INR 3,40,000 INR 4,64,000 LPU NEST/XAT/MAT/CAT/CMAT
92 SIDTM – Symbiosis  Pune  SIDTM  INR 11,06,826 INR 12,50,000 SNAP 
93 SDMIMD Mysore  MBA/PGDM  INR 7,10,000 INR 10,95,000 CMAT/CAT/XAT/GMAT/NMAT
94 IMS – Institute of Management  Studies  Ghaziabad  MBA/PGDM  INR 6,10,000 INR 7,95,000 CAT/MAT/CMAT/XAT/ATMA/GMAT
95 PIMR – Prestige Institute of Management  Indore  MBA/PGDM  INR 4,00,000 INR 2,20,000 CMAT
96 SCMS Cochin School of Business  Kochi MBA/PGDM  INR 5,00,000 INR 7,50,000 CAT/MAT/CMAT/ATMA/XAT/KMAT
97 ISBM – International School of Business and Media  Pune  MBA/PGDM  INR 7,62,000 INR 12,52,000 XAT/CAT 
98 JIMS Rohini  Delhi  MBA/PGDM INR 8,70,000 INR 7,70,000 CAT/MAT/XAT/ATMA/CMAT
99 BIT Mesra – Birla Institute of Technology  Ranchi  MBA/PGDM INR 4,20,000 INR 5,57,000 XAT/MAT/CMAT/CAT 
100 CIMR – Chetana Institute of Management and Research  Mumbai  PGDM  INR 5,42,000 INR 7,85,000 CAT/MAT/CMAT/XAT/ATMA/GMAT/ATMA

Apart from IIMs, there are other prominent top management colleges in India like XLRI, ISB, SP Jain, FMS Delhi, and IIFT Delhi that are giving a tough competition to the IIMs. The average salary from these five business schools is INR 23,62,183.

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 10,68,413. 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.

Check out our article to know if an MBA worth it? 

 

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Top 10 MBA Colleges in India

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 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

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 goes 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 placements 398
Students who didn’t seek placement 10
Mean Salary INR 25,83,126 lakhs
Maximum Salary INR 70 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 2017 – 2019:

Total # of students opting for placements 411
# of students who opted out of placements 1
Total # of offers made 488
# of companies recruiting 129
Average domestic salary INR 24.54 lakhs
Average overseas salary INR 62.30 lakhs
The company that made the highest number of offers Accenture Strategy

 

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 2020-2022 only through CAT 2020. Whereas, international applicants, who can prove to have been outside India during the period January 1, 2019, to February 15, 2020, can apply through their GMAT scores.

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 2020 score (GMAT score for international applicants)

IIM Calcutta admission process

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

  • Your CAT 2020 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 institute 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 2020 (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 2020
    • 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 recruiters 108
# of offers made 362
Average salary INR 24.30lakhs
Highest International salary INR 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.

Recently, Forbes has placed ISB PGP at 7th position on its list of best international MBAs (one-year program).

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

The following table highlights details about ISB PGP 2019 placements:

Class intake 883
# of recruiters 373
# of offers made 1300 (approx.)
Average salary INR 24.35 lakhs

 

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

 

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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 2020-2022:

    • CAT 2020
    • 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 2019: Sectional percentile- 75, Overall percentile- 85
    • XAT 2020: 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, 2017, to December 31, 2019.

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 2019-2021 at SPJIMR Mumbai is INR 17.50 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 class of 2019:

Class Intake 239
# of recruiters 111
Average salary INR 22.90 lakhs
Median salary INR 22.00 lakhs
# of international offers 12

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.

IIM 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 IIM Indore PGP admission

You must take the CAT 2020 entrance exam to apply for PGP at IIM Indore.

IIM Indore PGP eligibility criteria

Your eligibility to apply for PGP at IIM Indore 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 2019 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.

IIM Indore 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.

IIM Indore PGP fee structure

The Indian students are liable to pay a fee of INR 16 lakhs for IIM Indore PGP. For international candidates, the costs for PGP stands at INR 24 lakhs.

IIM Indore PGP placement reports

The following table gives an overview of IIM Indore’s PGP 2019 placement report:

Class intake 607 (incl. Dual-degree and PGP-Mumbai students)
# of recruiters 200+
Average salary INR 2o.79 lakhs
Highest salary (international) INR 89.25 lakhs
Highest salary (domestic) INR 40.50 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.

IIM Lucknow 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 IIM Lucknow PGP admission

IIM Lucknow accepts CAT scores for its PGP.

IIM Lucknow 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 2020 score (Cut-off for 2019 admission season was 90 percentile)

IIM Lucknow PGP admission process

IIM Lucknow evaluates your application on the following parameters:

    • Your past academic performance
    • CAT 2020 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.

IIM Lucknow PGP fee structure

The total cost of attendance for IIM Lucknow’s PGP class of 2021 is INR 14.16 lakhs. The fee structure for the PGP class of 2020-22 is yet to be released.

IIM Lucknow PGP placement reports

The following table gives an overview of the final placements at IIM Lucknow PGP class of 2018-2020:

Class Intake 443
# of recruiters 140+
# of offers made 447
Mean salary INR 24.25 lakhs
Median salary INR 23  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 2020 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 2020 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 Intake 216
# of students who sought placement holiday 18
# of recruiters 68
# of offers made 210
Average salary INR 23.2 lakhs
Highest salary INR 48 lakhs

 

IIFT Delhi

The next MBA college in our list is 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 7.6 lakhs annually. In contrast, the SC, ST, and PH category candidates are required to pay INR 3.5 lakhs annually.

For international applicants, the fees for MBA (IB) is US$ 27,500 annually.

Besides the charges mentioned above, you are also liable to pay an additional cost of INR 50,000 for access to the library, computer, alumni, etc.

IIFT MBA placement report

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

Class Intake 279
# of recruiters 98
Average salary INR 20.07 lakhs
Median salary INR 18 lakhs
Highest international compensation $ 150,000

 

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FAQs on Top MBA colleges in India

Which colleges are the best in India?

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

What is the tuition fees for 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 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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