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|
|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?
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 1870+ reviews
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:
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- XLRI, Jamshedpur
- SPJIMR Mumbai
- IIM Indore
- IIM Lucknow
- FMS Delhi
- 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 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:
- One-year full-time post-graduate program in management for executives (MBA-PGPX)
- A two-year postgraduate program in food and agri-business management (MBA-FABM)
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.
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:
- Master of Business Administration (EPGP), One-year full-time program
- Master of Business Administration (MBA), Two-year weekend program
- Master of Business Administration (Business Analytics) (MBA(BA)), Two-year full-time program
- Master of Management Studies (Public policy) (MMS (PP)), One-year full-time program
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 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)
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.
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)
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:
|# 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.
We can help you prepare for the GMAT through our high-quality online content. We are the most reviewed GMAT prep company on gmatclub with more than 1870 reviews (as on April 29, 2020). Take a free trial and judge it for yourself.
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
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:
|# of recruiters||111|
|Average salary||INR 22.90 lakhs|
|Median salary||INR 22.00 lakhs|
|# of international offers||12|
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
- Five years IPM
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|
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:
|# of recruiters||140+|
|# of offers made||447|
|Mean salary||INR 24.25 lakhs|
|Median salary||INR 23 lakhs|
Faculty of Management Studies – Delhi University
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 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:
|# 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|
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:
|# of recruiters||98|
|Average salary||INR 20.07 lakhs|
|Median salary||INR 18 lakhs|
|Highest international compensation||$ 150,000|
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 1880+ reviews.
FAQs on Top MBA colleges in India
Some of the best MBA colleges in India are IIM Bangalore, IIM Ahmedabad, IIM Calcutta, ISB, SPJIMR, FMS Delhi, and many more.
The Average Tuition fee for the top MBA colleges in India is approx. INR 10,68,413.
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.
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.
An MBA program duration can range from 1 to 2 years.
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