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[Updated 2020] Top MBA colleges in India – Rank, fees, salary, location, flagship program – NIRF MBA rankings included

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 colleges make it to the list of top MBA colleges in India. 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.

Here is the outline of the article:

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.

S. No.

Top MBA Colleges in India

Location

Flagship Program

Average/Mean/Median Salary

Tuition Fees

Accepted 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

IIT Roorkee – Indian Institute of Technology

Roorkee

MBA

INR 10,30,000

INR 6,13,800

CAT/GMAT

43

IIM Raipur

Raipur

PGP

INR 14,,53,000

INR 12,61,200

CAT

44

BIIB – Balaji Institute of International Business

Pune

MBA

INR 6,85,000

INR 7,85,000

CAT/XAT/MAT/CMAT/ MAH-CET

45

Jamia Millia Islamia

New Delhi

MBA

INR 4,25,000

INR 46,800

JMI Entrance

46

NIT Trichy

Tiruchirappalli

MBA-PGDM

INR 6,00,000

INR 2,53,000

CAT

47

Institute of Management – Nirma University

Ahmedabad

MBA

INR 9,00,000

INR 9,52,000

CAT/GMAT

48

Symbiosis Institute of Operations management – SIOM

Nashik

MBA in Operations

INR 11,73,000

INR 13,53,000

SNAP

49

IRMA – Institute of Rural Management Anand

Anand

PGDRM

INR 10,80,000

INR 11,00,000

CAT/XAT

50

PSG College of Technology – PSG Institute of Management

Coimbatore

MBA

INR 7,50,000

INR 8,00,000

CAT/MAT/ATMA/TANCET

51

LIBA – Loyaola Institute of Business Administration

Chennai

PGDM

INR 9,50,000

INR 12,00,000

CAT/XAT

52

SIMSR KJ Somaiya Institute of Management

Mumbai

PGDM

INR 10,05,000

INR 15,52,000

CAT/XAT/GMAT

53

KIIT School of Management

Bhubaneswar

MBA

INR 6,50,000

INR 13,60,000

KIITEE/CMAT/ATMA/XAT/MAT/GMAT

54

BHU – Banaras Hindu University

Varanasi

MBA

INR 7,50,000

INR 98,888

BHU PET

55

BIMTECH – Birla Institute of Management Technology

New Delhi

PGDM

INR 8,18,000

INR 12,00,000

CAT/XAT/GMAT

56

GIM – Goa Institute of Management

Goa

PGDM

INR 11,72,000

INR 10,92,000

CAT/XAT/GMAT/CMAT

57

BIM Tiruchirappalli

Tiruchirappalli

MBA

INR 9,30,000

INR 13,61,000

CAT

58

PUMBA

Pune

MBA

NA

INR 1,34,000

MH-CET/CAT/CMAT

59

University of Lucknow – Department of Business Administration

Lucknow

MBA

NA

INR 3,00,000

CAT

60

IIT Bombay – Shailesh J Mehta School of Management Mumbai

Mumbai

MBA

INR 20,80,000

INR 8,30,000

CAT

61

FORE School of Management

New Delhi

PGDM

INR 10,10,000

INR 15,98,000

CAT/XAT/GMAT

62

SIMSREE

Mumbai

PGDBM

INR 10,20,000

INR 1,34,000

CAT/MAT/XAT/CMAT

63

National Institute of Agricultural Extension Management

Hydrabad

PGDM

INR 7,50,000

INR 6,00,000

CAT

64

Rajagiri Center for business studies  – RCBS

Kochi

MHRM

NA

INR 6,50,000

CMAT/CAT/MAT/ KMAT Kerala

65

SIES College of Management Studies

Mumbai

PGDM

INR 7,14,000

INR 9,00,000

CAT/MAT/CMAT/MAH-CET

66

Anna University

Chennai

MBA/PGDM

INR 4,71,000

INR 83,020

TANCET

67

IPE Hydrabad

Hydrabad

MBA/PGDM

INR 7,20,000

INR 8,50,000

CAT/MAT/XAT/CMAT

68

Alliance School of Business

Bangalore

MBA

INR 7,60,000

INR 13,50,000

XAT/GMAT/NMAT/KMAT/MAT/CMAT/IBSAT/CAT/Alliance-AMAT

69

AIMS Institutes

Bangalore

MBA

INR 4,92,000

INR 9,50,000

CAT/MAT/CMAT/KMAT/GMAT

70

BIMM – Balaji Institute of Modern Management

Pune

MBA

INR 6,00,000

INR 4,82,000

CAT/MAT/XAT/CMAT/MH-CET

71

IMI Kolkata – International Management Institution

Kolkata

MBA/PGDM

INR 6,50,000

INR 9,95,642

CAT/XAT/GMAT

72

Asia Pacific Instiotute of Management

Panipat

PGDM-GM

INR 3,00,000

INR 1,60,000

MAT/CMAT

73

SIIB Pune – Symbiosis Institute of International Business

Pune

SIIB

INR 10,78,000

INR 10,08,000

SNAP

74

Delhi school of Economics

New Delhi

MBAIB

INR 9,50,000

INR 15,696

CAT

75

Delhi school of Economics

New Delhi

MBA

INR 10,68,000

INR 15,696

CAT

76

IFMR Graduate School of Business, KREA University

Andra Pradesh

MBA/PGDM

INR 8,70,000

INR 13,20,000

CAT/XAT/GMAT/GRE

77

Panjab University (PUCHD)

Chandigarh

MBA

NA

INR 1,70,000

CAT/PU-CET

78

LBSIM

New Delhi

PGDM

INR 9,20,000

INR 11,67,000

GMAT/CAT

79

Christ University

Bangalore

MBA

INR 6,80,000

INR 8,03,000

XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA

80

Christ University

Bangalore

MBA+M.S.

INR 6,80,000

INR 17,87,000

XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA

81

Welingkar Institute of Management

Mumbai

PGDM

INR 9,19,000

INR 5,50,000

CAT/MAT/XAT/CMAT/ATMA

82

PSG Institute of management – PSGIM

Kolkata

PSGIM

INR 7,50,000

INR 6,00,000

CAT/MAT

83

IISWBM

Kolkata

MBA

INR 6,50,000

INR 6,00,000

CAT

84

Institute of Management and Entrepreneurship development

Pune

MBA

INR 7,50,000

INR 4,50,000

B-MAT

85

School of Business, University of Petroleum and Energy studies

Dehradun

MBA

NA

INR 13,34,000

UPESMET/CMAT/GMAT/CAT

86

IILM Institute of Business and Management

Gurgaon

MBA/PGDM

NA

INR 12,90,000

CAT/MAT/NMAT/XAT/CMAT

87

IMT Nagpur

Nagpur

MBA/PGDM

INR 7,00,000

INR 14,00,000

CMAT/CAT/XAT/GMAT

88

WeSchool Bangalore

Bangalore

MBA-PGDM

INR 9,19,000

INR 5,50,000

XAT/CAT/GMAT/CMAT/ATMA

89

Indus Business Academy

Bangalore

MBA/PGDM

INR 6,50,000

INR 8,24,000

MAT/GMAT/CAT/XAT/KMAT/ATMA

90

LPU – Lovely Professional University

Jalandhar

MBA/PGDM

INR 3,40,000

INR 4,64,000

LPU NEST/XAT/MAT/CAT/CMAT

91

SIDTM – Symbiosis

Pune

SIDTM

INR 11,06,826

INR 12,50,000

SNAP

92

SDMIMD

Mysore

MBA/PGDM

INR 7,10,000

INR 10,95,000

CMAT/CAT/XAT/GMAT/NMAT

93

IMS – Institute of Management  Studies

Ghaziabad

MBA/PGDM

INR 6,10,000

INR 7,95,000

CAT/MAT/CMAT/XAT/ATMA/GMAT

94

PIMR – Prestige Institute of Management

Indore

MBA/PGDM

INR 4,00,000

INR 2,20,000

CMAT

95

SCMS Cochin School of Business

Kochi

MBA/PGDM

INR 5,00,000

INR 7,50,000

CAT/MAT/CMAT/ATMA/XAT/KMAT

96

ISBM – International School of Business and Media

Pune

MBA/PGDM

INR 7,62,000

INR 12,52,000

XAT/CAT

97

JIMS Rohini

Delhi

MBA/PGDM

INR 8,70,000

INR 7,70,000

CAT/MAT/XAT/ATMA/CMAT

98

BIT Mesra – Birla Institute of Technology

Ranchi

MBA/PGDM

INR 4,20,000

INR 5,57,000

XAT/MAT/CMAT/CAT

99

CIMR – Chetana Institute of Management and Research

Mumbai

PGDM

INR 5,42,000

INR 7,85,000

CAT/MAT/CMAT/XAT/ATMA/GMAT/ATMA

100

PIBM – Pune Institute of Management

Pune

MBA/PGDM

INR 700,000

INR 7,50,000

MAT/ATMA/XAT/CMATCAT, PMAT

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? 

 

Did you know a GMAT score of 730+ yields incremental $500K in ROI? Start your GMAT Preparation by Signing up for our FREE Trial and get access to FREE online GMAT preparation resources. We are the most reviewed online GMAT preparation company on GMATClub with 1900+ reviews

NIRF MBA Rankings 2020 – Top 50 MBA colleges in India

Here are the top 50 MBA colleges in India according to the rankings released by the Ministry of Human Resource Development, Government of India:

NIRF Rankings 2020 MBA College
1 IIM Ahmedabad
2 IIM Bangalore
3 IIM Calcutta
4 IIM Lucknow
5 IIT Kharagpur
6 IIM Kozhikode
7 IIM Indore
8 IIT Delhi
9 XLRI Jamshedpur
10 MDI Gurgaon
11 IIT Bombay
12 IIT Roorkee
12 NITIE Mumbai
14 IIT Madras
15 IIM Trichy
16 IIT Kanpur
17 IIM Udaipur
18 SPJIMR Mumbai
19 IIM Raipur
20 IIM Ranchi
21 IIM Rohtak
22 SIBM Pune
23 GLIM Chennai
24 NMIMS Mumbai
25 ICFAI Hyderabad
26 IIFT Delhi
27 TAPMI Manipal
28 IMI Delhi
29 IIT-ISM Dhanbad
30 IIM Shillong
31 XIMB Bhubaneswar
32 KIIT Bhubaneswar
33 IIM Kashipur
34 Jamia Milia Islamia
35 NIT Trichy
36 Banaras Hindu University
37 IMT Ghaziabad
37 BML Munjal University
39 Alliance University
40 IIM Nagpur
41 Amity University Noida
42 Panjab University
43 FORE School of Management
44 Nirma University
45 Aligarh Muslim University
46 PSG College of Technology
47 BIMTECH Noida
48 Goa Institute of Management
49 Lovely Professional University
50 LIBA Chennai

Top 10 MBA Colleges in India 2020

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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