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

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

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

Top MBA colleges in India 2022

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

Sr.no	NIRF 2021 Ranking	Top MBA Colleges in India	Location	Program	Average/Mean/Median Salary (INR)	Tuition Fees(domestic) INR	Accepted Exam
1	2	IIM Bangalore	Bangalore	PGP	28,96,000	23,00,000	CAT/GMAT
2	3	IIM Calcutta	Kolkata	PGP	27,00,000	24,00,000	CAT/GMAT
3	NA	Indian School of Business (ISB)	Hyderabad	PGP	28,29,000	33,05,120	GMAT/GRE
4	7	IIM Lucknow	Lucknow	PGP	26,00,000	19,25,000	CAT/GMAT
5	NA	FMS Delhi	Delhi	MBA	26,00,000	1,92,000	GMAT/CAT
6	19	SPJIMR Mumbai	Mumbai	PGDM	25,00,000	19,00,000	GMAT/CAT/XAT
7	8	XLRI Xavier School of Management	Jamshedpur	PGDM (Business Management)	24,30,000	25,80,000	XAT/GMAT/CAT
8	6	IIM Indore	Indore	PGP	23,60,000	16,20,000	CAT/GMAT
9	11	MDI Gurgoan – Management Development Institute	Gurugram	PGPM – Business Management	23,15,000	15,35,000	CAT/GMAT
10	1	IIM Ahmedabad	Ahmedabad	PGP	22,82,000	23,00,000	CAT/GMAT
11	12	National Institute of Industrial Engineering	Mumbai	PGDM	22,80,000	14,63,000	CAT
12	10	IIT Bombay – Shailesh J Mehta School of Management Mumbai	Mumbai	MBA	21,96,000	9,06,400	CAT
13	25	Indian Institute of Foreign Trade (IIFT Delhi)	Delhi	MBA in International Business	21,08,000	8,85,000	IIFT/ GMAT
14	4	IIM Kozhikode	Kozhikode	PGP	20,00,000	20,00,000	CAT/GMAT
15	20	Symbiosis Institute of Business Management	Pune	SIBM	19,56,000	21,27,950	SNAP
16	23	IIM Shillong	Shilong	PGP	18,76,000	14,60,000	CAT/GMAT
17	5	DMS IIT Delhi	New Delhi	MBA	18,50,000	8,00,000	CAT
18	9	IIT Kharagpur	Kharagpur	MBA	18,44,000	11,59,760	CAT/GMAT
19	16	IIT Kanpur	Kanpur	MBA	16,86,000	10,97,600	CAT
20	15	IIM Raipur	Raipur	PGP	15,11,000	14,20,400	CAT
21	21	IIM Ranchi	Ranchi	PGDM	15,11,000	15,00,000	CAT
22	22	Pravin Dalal School of Entrepreneurship and Family business Management (NMIMS)	Mumbai	MBA	15,00,000	20,87,000	NMAT/GRE/GMAT
23	17	IIM Trichy	Trichy	PGP	14,85,000	16,50,000	CAT
24	33	IIM Kashipur	Kashipur	MBA	14,05,000	14,75,000	CAT
25	28	IIM Rohtak	Rohtak	PGP	13,74,000	16,10,000	CAT/ GMAT
26	24	Great Lakes Institute of Management	Chennai	PGDM	13,63,000	17,15,000	CAT/GMAT/XAT/CMAT
27	26	IMI Delhi – International Management Institute	New Delhi	PGDM	13,28,000	18,34,900	CAT/GMAT
28	18	IIM Udaipur	Udaipur	MBA	13,00,000	15,96,200	CAT
29	13	DoMS IIT Madras	Chennai	MBA	12,77,500	8,00,000	CAT
30	67	IIM Amritsar	Amritsar	MBA	12,67,947	13,20,000	CAT
31	38	IMT Ghaziabad	Ghaziabad	PGDM	12,42,000	19,53,000	CAT/GMAT/XAT
32	32	TAPMI Manipal – T A Pai Management Institute	Manipal	PGDM	11,50,000	15,00,000	CAT/XAT/GMAT
33	35	GIM – Goa Institute of Management	Goa	PGDM	10,71,000	18,07,000	CAT/XAT/GMAT/CMAT
34	14	IIT Roorkee – Indian Institute of Technology	Roorkee	MBA	10,58,000	9,31,500	CAT
35	61	IIM Sambalpur – Indian Institute of Management	Sambalpur	PGP	10,50,000	13,03,000	CAT
36	55	IRMA – Institute of Rural Management Anand	Anand	PGDRM	10,35,000	14,00,000	CAT/XAT/IRMASAT
37	43	FORE School of Management	New Delhi	PGDM	10,30,000	15,98,000	CAT/XAT/GMAT
38	76 -100	IIM Jammu – Indian Institute of Management	Jammu	MBA	10,00,000	12,33,000	CAT
39	76 -100	IIM Sirmaur – Indian Institute of Management	Sirmour	MBA	9,60,000	15,75,000	CAT
40	50	IFMR Graduate school of Business KREA University (IFMR GSB)	Andhra Pradesh	MBA	9,50,000	13,86,000	NMAT/CAT/XAT/CMAT/GMAT
41	40	IIM Nagpur	Nagpur	PGP	9,49,398	13,75,000	CAT
42	72	Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Center	Mumbai	PGDM	9,19,000	5,50,000	CAT/MAT/XAT/CMAT/ATMA
43	59	Jaipuria Institute of Management	Jaipur	PGDM	8,75,000	10,45,000	CAT/ MAT/ XAT/ CMAT/ GMAT
44	65	LIBA – Loyola Institute of Business Administration	Chennai	PGDM	8,75,000	15,59,000	CAT/XAT
45	76 -100	Institute of Management Nirma University	Ahmedabad	MBA	8,75,000	10,04,000	CAT
46	76 -100	LBSIM – Lal Bahadur Shastri Institute of Management	Delhi	PGDM	8,70,000	11,67,000	GMAT/CAT
47	41	BML Munjal University	Gurgaon	MBA	8,68,000	11,00,000	CAT/MAT/XAT
48	62	IMI Bhubaneswar – International Management Institute	Bhubaneswar	MBA	8,25,000	12,47,000	XAT/ GMAT/ CAT/ CMAT
49	52	IMI Kolkata – International Management Institution	Kolkata	PGDM	8,05,000	13,00,000	CAT/XAT/GMAT
50	44	BIMTECH – Birla Institute of Management Technology	Great Noida	PGDM	8,03,000	12,00,000	CAT/XAT/GMAT
51	47	BHU – Banaras Hindu University	Varanasi	MBA	8,00,000	1,50,000	BHU PET
52	34	Xavier School of Rural Management	Bhubaneswar	MBA-BM	7,78,000	13,80,000	XAT/GMAT/CAT/x-GMAT/NMAT
53	60	Alliance School of Business Alliance University	Bangalore	MBA	7,60,000	13,50,000	AMAT/GMAT/CAT/NMAT/XAT/MAT/CMAT/KMAT
54	48	NIT Trichy	Tiruchirappalli	MBA	7,50,000	2,98,000	CAT
55	31	KIIT School of Management	Bhubaneswar	MBA	7,33,000	13,60,000	KIITEE/CMAT/ATMA/XAT/MAT/GMAT
56	75	IIFM – Indian Institute of Forest Management	Bhopal	Post Graduate Diploma in Forestry Management	7,30,000	5,39,000	XAT/CAT
57	63	IMT Hyderabad – Institute of Management Technology	Hyderabad	PGDM	7,00,000	12,03,000	CAT XAT GMAT CMAT
58	69	Institute of Management and Entrepreneurship Development Bharati Vidyapeeth	Pune	MBA	7,00,000	4,50,000	BMAT
59	27	IFHE Hyderabad – ICFAI Foundation For Higher Education	Hyderabad	MBA	6,60,000	16,02,000	IBSAT/CAT/GMAT/NMAT
60	76 -100	Manipal University Jaipur	Jaipur	MBA	6,50,000	7,89,000	CAT MAT CMAT XAT GMAT
61	42	LM Thapar School of Management	Mohali	MBA	6,21,000	8,28,360	CAT GMAT NMAT CMAT XAT MAT
62	29	Amity Business School (ABS)	Noida	MBA	6,00,000	10,58,000	CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam
63	54	Chitkara Business School Chandigarh	Chandigarh	MBA	6,00,000	8,00,000	MAT XAT NMAT CMAT CAT
64	66	School of Petroleum Management Pandit Deendayal Energy University	Gandhinagar	MBA	6,00,000	8,20,000	CAT XAT NMAT
65	53	PSG College of Technology – PSGCT	Coimbatore	MBA	5,80,000	1,48,000	MAT CAT TANCET MBA
66	76 -100	Christ University	Bangalore	MBA	5,70,000	7,90,000	CAT/ CMAT/ MAT/ XAT/ ATMA/ GMAT
67	76 -100	Visvesvaraya Technological University [VTU]	Belgaum	MBA	5,60,000	5,00,000	MAT CAT CMAT KMAT Karnataka PGCET
68	30	Indian Institute of Technology (ISM)	Dhanbad	MBA	5,50,000	3,00,000	CAT
69	76 -100	Babasaheb Bhimrao Ambedkar University (BBAU)	Lucknow	MBA	5,50,000	1,81,000	Written exam by the institute
70	36	Jamia Millia Islamia	New Delhi	MBA	5,40,000	47,000	JMI Entrance
71	46	School of Business UPES	Dehradun	MBA	5,25,000	14,19,800	UPESMET/ MAT/ CMAT/ CAT/ XAT/ GMAT/ NMAT
72	73	IIHMR University	Jaipur	MBA – HM	5,10,000	9,60,000	MAT/ CAT/ CMAT/ ATMA/ XAT/ GMAT/ IIHMR-U
73	76 -100	Rajagiri Centre for Business Studies – RCBS	Kochi	PGDM	5,00,000	7,00,000	CAT/ CMAT/ KMAT/ KERALA MAT
74	49	AMU – Aligarh Muslim University	Aligarh	MBA	4,80,000	5,87,000	AMU Entrance exam
75	37	LPU – Lovely Professional University	Jalandhar	MBA	4,32,000	5,32,000	LPU NEST/XAT/MAT/CAT/CMAT
76	70	Birla Institute of Technology Mesra	Ranchi	MBA	4,12,000	5,89,000	CAT/ MAT/ XAT/ CMAT
77	76 -100	Shri Mata Vaishno Devi University	Jammu	MBA	4,00,000	3,85,000	CMAT/ MAT/ CAT
78	76 -100	Faculty of Social Science Dayalbagh Educational Institute	Agra	MBA	3,50,000	22,050	Written exam by the institute
79	76 -100	Galgotias University	Noida	MBA	3,00,000	3,08,000	CMAT/ MAT/ CAT/ NMAT
80	76 -100	The Business School University of Jammu	Jammu	MBA	2,90,000	28,000	CAT/MAT
81	56	K J Somaiya Institute of Management	Mumbai	MBA	NA	16,29,279	CAT/ XAT/ CMAT/ GMAT
82	68	Jaipuria Lucknow – Jaipuria Institute of Management	Lucknow	PGDM	NA	10,45,000	CAT MAT XAT CMAT GMAT
83	71	Jagan Institute of Management Studies	Delhi	PGDM	NA	8,00,000	GMAT MAT CAT XAT CMAT ATMA
84	76 -100	Institute of Business Management and Research (IBMR IPS)	Indore	MBA	NA	2,30,000	CMAT
85	76 -100	J. C. Bose University of Science and Technology YMCA	Faridabad	MBA	NA	1,97,000	CAT MAT XAT
86	76 -100	Shoolini University	Solan	MBA	NA	4,88,000	MAT GMAT CAT SAT India HPCET
87	76 -100	JIMS Kalkaji – Jagannath International Management School	Delhi	PGDM	NA	7,95,000	MAT XAT CMAT ATMA CAT
88	38	KL Business School KL University	Guntur	MBA	NA	5,20,000	KLUBSAT)/ ICET / MAT / CAT / XAT
89	45	Chandigarh University	Chandigarh	MBA	NA	3,94,000	CUCET/ CAT/ MAT/ GMAT
90	51	GGSIPU – Guru Gobind Singh Indraprastha University	Delhi	MBA	NA	2,42,000	CAT/ CMAT/ IPU CET
91	58	IIITM Gwalior – Indian Institute of Information Technology and Management	Gwalior	MBA	NA	3,38,000	CAT
92	64	Graphic Era University – GEU	Dehradun	MBA	NA	5,26,000	CAT/ MAT/ XAT
93	76 -100	New Delhi Institute of Management	Delhi	PGDM	NA	9,70,000	CAT/ MAT/ XAT/ ATMA/ GMAT/ CMAT
94	76 -100	School of Management Studies – University of Hyderabad (SMS Hyderabad)	Hyderabad	MBA	NA	2,02,000	CAT
95	76 -100	IMT Nagpur – Institute of Management Technology	Nagpur	PGDM	NA	12,04,000	CAT/ XAT/ GMAT/ CMAT
96	76 -100	Chandragupt Institute of Management	Patna	PGDM	NA	7,65,000	CAT/ XAT/ CMAT
97	76 -100	Balaji Institute of Management Human Resource Development (BIMHRD) Sri Balaji University	Pune	MBA	NA	8,45,000	CAT/ MAT/ XAT/ CMAT/ MAH CET
98	76 -100	Pune Institute of Business Management	Pune	MBA	NA	7,95,000	MAT/ XAT/ GMAT/ CAT/ CMAT/ ATMA/ MAH CET
99	76 -100	JIMS Kalkaji – Jagannath International Management School	Delhi	PGDM	NA	7,95,000	MAT/ XAT/ CMAT/ ATMA/ CAT
100	76 -100	IPE Hyderabad – Institute of Public Enterprise	Hyderabad	PGDM -IB	NA	8,15,000	CAT/ MAT/ XAT/ CMAT/ ATMA GMAT

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

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

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

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

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

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Top 10 MBA Colleges in India 2021

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

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

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

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

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

Let’s take a look.

IIM Ahmedabad

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

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

IIM A Flagship program

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

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

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

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

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

IIM Ahmedabad PGP fee structure

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

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

IIM Ahmedabad PGP placement reports

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

Total # of students eligible for placements	404
Students who didn’t seek placement	13
Mean Salary	INR 22,82,000 lakhs
Maximum Salary	INR 45 lakhs

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

IIM Bangalore

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 2019 – 2021:

Total # of students opting for placements	440
# of students who opted out of placements	9
Total # of offers made	481
# of companies recruiting	120
Average domestic salary	INR 28.98 lakhs

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

IIM Calcutta

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

IIM C Flagship program

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

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

Standardized test for IIM C MBA admission

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

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

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

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

IIM Calcutta MBA eligibility criteria

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

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

IIM Calcutta admission process

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

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

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

IIM Calcutta Fee structure

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

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

XLRI Jamshedpur

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

XLRI Jamshedpur Flagship program

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

Standardized test for XLRI PGDM (BM) admission

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

XLRI PGDM (BM) eligibility criteria

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

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

XLRI PGDM (BM) Admission criteria

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

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

Your application will be reviewed on the following parameters:

• You XAT score
• Your performance in the personal interview

XLRI PGDM (BM) Fee structure

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

XLRI PGDM (BM) Placement reports

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

# of 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.

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

ISB Flagship program

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

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

Standardized test for ISB PGP admission

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

ISB PGP eligibility criteria

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

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

ISB PGP Fee structure

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

ISB PGP Placement report

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

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

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

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

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

SPJIMR Mumbai

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

SPJIMR Flagship program

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

Standardized test for SPJIMR PGDM admission

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

• CAT 2021
• XAT 2021
• GMAT

SPJIMR PGDM eligibility criteria

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

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

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

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

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

SPJIMR PGDM Admission criteria

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

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

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

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

SPJIMR PGDM fee structure

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

SPJIMR PGDM placement reports

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

Participants in the batch	233
# of recruiters	131
Average salary	INR 26.06 lakhs
Median salary	INR 25 lakhs

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IIM Indore

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

Flagship program

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

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

Standardized Test for PGP admission

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

PGP eligibility criteria

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

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

PGP Admission criteria

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

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

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

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

PGP fee structure

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

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

Class intake	579 (incl. Dual-degree and PGP-Mumbai students)
# of recruiters	210+
Average salary	INR 23.6 lakhs
Highest salary (domestic)	INR 56.8 lakhs

IIM Lucknow

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

Flagship program

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

Standardized test for PGP admission

IIM Lucknow accepts CAT 2021 scores for its PGP.

PGP eligibility criteria

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

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

PGP admission process

IIM Lucknow evaluates your application on the following parameters:

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

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

PGP fee structure

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

PGP placement reports

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

Class Intake	478
# of offers made	447
Highest CTC (domestic)	INR 51 lakhs
Median salary	INR 23.5  lakhs
Highest CTC (International)	INR 56 lakhs
Average CTC	INR 26 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
• MBA-Executive HCA

Standardized test for FMS DU MBA admission

FMS Delhi will accept CAT 2021 scores for its MBA admissions

FMS DU MBA admission process

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

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

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

FMS DU MBA fee structure

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

FMS DU MBA placement reports

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

Class 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 on our list is the Indian Institute of Foreign Trade i.e., IIFT

IIFT Flagship program

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

Standardized test for IIFT MBA (IB) admission

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

IIFT MBA eligibility criteria

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

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

IIFT Delhi MBA admission process

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

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

IIFT MBA fee structure

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

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

IIFT MBA placement report

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

Class Intake	334
# of recruiters	117
Average salary	INR 21.08 lakhs
Median salary	INR 20 lakhs

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