A 19 min read

Introduction – Top MBA colleges in India

When we think of top MBA colleges in India, generally, the IIMs come to our minds. With time, the scenario has changed, and numerous other MBA colleges have made it to the list of top MBA colleges in India in 2023. The top MBA colleges in India include the Indian Institutes of Management (IIMs), 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’re looking to pursue an MBA in India, the vast amount of online information can be confusing and overwhelming. To help you choose wisely, we’ve compiled a table of the top 100 business schools, covering programs, fees, entrance exams, NIRF rankings, and average post-MBA salaries.

In this article, we also give you a brief overview of the top 10 Business schools in India and will answer the below Questions:

1. What are the eligibility criteria for admission to the top MBA colleges in India?
2. What is the admission process of the top MBA colleges in India?
3. What is the fee structure of the top MBA colleges in India?
4. What kind of job placements do the top MBA colleges in India provide?

Before we move forward, let’s address the most frequently asked question

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Note: The average salaries have been taken from the placement reports for the class of 2020-22 of the respective colleges.

*Source: ISB Placement report 2022
**Source: FMS Placement report 2020-22

MBA Rankings in India 2023 (Top MBA colleges ranked till #100)

We have ranked the top MBA colleges in India based on the post-MBA salary. 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. Here is the list of the top 100 MBA colleges in India in 2023:

Sr.no	NIRF 2022 Ranking	Top MBA Colleges in India	Location	Program	Average/Mean/Median Salary (INR)	Fees(Domestic)	Accepted Exam
1	3	IIM Calcutta	Kolkata	PGP	34,20,000	24,00,000	CAT/GMAT
2	NA	Indian School of Business (ISB)	Hyderabad	PGP	34,08,000	41,98,000	GMAT/GRE
3	2	IIM Bangalore	Bangalore	PGP	33,82,000	24,50,000	CAT/GMAT
4	1	IIM Ahmedabad	Ahmedabad	PGP	33,81,865	23,00,000	CAT/GMAT
5	NA	FMS Delhi	Delhi	MBA	32,40,000	20,960	GMAT/CAT
6	21	SPJIMR Mumbai	Mumbai	PGDM	32,05,000	20,42,000	GMAT/CAT/XAT
7	6	IIM Lucknow	Lucknow	PGP	31,03,000	19,25,000	CAT/GMAT
8	8	XLRI Xavier School of Management	Jamshedpur	PGDM (Business Management)	30,70,000	23,60,000	XAT/GMAT/CAT
9	5	IIM Kozhikode	Kozhikode	PGP	29,50,000	20,50,000	CAT/GMAT
10	NA	JBIMS	Mumbai	MMS	27,63,000	6,00,500	MAH CET/CAT/CMAT
11	11	IIT Bombay – Shailesh J Mehta School of Management Mumbai	Mumbai	MBA	25,90,000	9,06,400	CAT
12	24	Indian Institute of Foreign Trade (IIFT Delhi)	Delhi	MBA in International Business	25,16,000	21,77,314	IIFT/ GMAT
13	7	IIM Indore	Indore	PGP	25,01,000	21,14,222	CAT/GMAT
14	13	MDI Gurgoan – Management Development Institute	Gurugram	PGDM	23,80,000	28,16,200	CAT/GMAT
15	26	IIM Shillong	Shilong	PGP	23,10,000	14,60,000	CAT/GMAT
16	25	Pravin Dalal School of Entrepreneurship and Family business Management (NMIMS)	Mumbai	MBA	23,07,000	17,50,000	NMAT/GRE/GMAT
17	9	National Institute of Industrial Engineering	Mumbai	PGDM	22,00,000	14,63,000	CAT
18	4	DMS IIT Delhi	New Delhi	MBA	21,90,000	10,40,000	CAT
19	17	Symbiosis Institute of Business Management	Pune	SIBM	20,80,000	21,27,950	SNAP
20	12	IIT Kharagpur	Kharagpur	MBA	19,36,000	11,59,760	CAT/GMAT
21	42	MICA Ahmedabad	Ahmedabad	MBA	19,00,897	1,25,000	CAT/XAT/GMAT
22	22	IIM Udaipur	Udaipur	MBA	17,81,872	17,90,000	CAT
23	14	IIM Raipur	Raipur	PGP	17,73,124	15,49,360	CAT
24	35	Xavier Institute of Management	Bhubaneswar	MBA-BM	17,54,000	19,90,000	XAT/GMAT/CAT/x-GMAT/NMAT
25	44	IMT Ghaziabad	Ghaziabad	PGDM	17,35,000	19,53,000	CAT/GMAT/XAT
26	18	IIM Trichy	Trichy	PGP	17,01,000	18,00,000	CAT
27	10	DoMS IIT Madras	Chennai	MBA	16,66,000	9,14,000	CAT
28	20	IIT Kanpur	Kanpur	MBA	16,61,000	10,97,600	CAT
29	15	IIM Ranchi	Ranchi	PGDM	16,17,000	15,30,000	CAT
30	30	IMI Delhi – International Management Institute	New Delhi	PGDM	15,28,000	20,19,060	CAT/GMAT
31	23	IIM Kashipur	Kashipur	MBA	15,21,000	17,30,000	CAT
32	43	IIM Nagpur	Nagpur	PGP	15,21,000	18,00,000	CAT
33	33	Indian Institute of Management Visakhapatnam	Visakhapatnam	MBA	15,06,000	16,79,920	CAT
34	60	FORE School of Management	New Delhi	PGDM	14,04,000	16,98,000	CAT/XAT/GMAT
35	16	IIM Rohtak	Rohtak	PGP	13,74,000	16,10,000	CAT/ GMAT
36	36	IIM Jammu – Indian Institute of Management	Jammu	MBA	13,53,000	17,15,000	CAT
37	69	IIM Sirmaur – Indian Institute of Management	Sirmour	MBA	12,74,000	15,75,000	CAT
38	55	IIM Amritsar	Amritsar	MBA	12,67,947	13,20,000	CAT
39	66	IIM Sambalpur – Indian Institute of Management	Sambalpur	PGP	12,64,000	13,03,000	CAT
40	31	Great Lakes Institute of Management	Chennai	PGDM	12,50,000	18,75,000	CAT/GMAT/XAT/CMAT
41	38	TAPMI Manipal – T A Pai Management Institute	Manipal	PGDM	12,50,000	16,50,000	CAT/XAT/GMAT
42	68	Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Center	Mumbai	PGDM	12,25,000	13,00,000	CAT/MAT/XAT/CMAT/ATMA
43	36	GIM – Goa Institute of Management	Goa	PGDM	12,14,534	18,31,200	CAT/XAT/GMAT/CMAT
44	51	Jaipuria Institute of Management	Jaipur	PGDM	11,49,000	11,25,000	CAT/ MAT/ XAT/ CMAT/ GMAT
45	58	IRMA – Institute of Rural Management Anand	Anand	PGDRM	11,39,000	10,10,000	CAT/XAT/IRMASAT
46	NA	LBSIM – Lal Bahadur Shastri Institute of Management	Delhi	PGDM	11,30,000	13,90,000	GMAT/CAT
47	76-100	LIBA – Loyola Institute of Business Administration	Chennai	PGDM	11,00,000	16,99,500	CAT/XAT
48	19	IIT Roorkee – Indian Institute of Technology	Roorkee	MBA	10,58,000	16,80,000	CAT
49	45	Institute of Management Nirma University	Ahmedabad	MBA	10,50,000	10,04,000	CAT
50	59	IMI Kolkata – International Management Institution	Kolkata	PGDM	10,03,000	13,00,000	CAT/XAT/GMAT
51	60	IFMR Graduate school of Business KREA University (IFMR GSB)	Andhra Pradesh	MBA	10,00,000	18,71,000	NMAT/CAT/XAT/CMAT/GMAT
52	76 -100	IMT Nagpur – Institute of Management Technology	Nagpur	PGDM	10,00,000	12,04,000	CAT/ XAT/ GMAT/ CMAT
53	50	BHU – Banaras Hindu University	Varanasi	MBA	9,70,000	1,50,000	BHU PET
54	75	IMT Hyderabad – Institute of Management Technology	Hyderabad	PGDM	9,65,000	14,50,000	CAT XAT GMAT CMAT
55	56	BIMTECH – Birla Institute of Management Technology	Great Noida	PGDM	9,38,000	13,00,000	CAT/XAT/GMAT
56	54	BML Munjal University	Gurgaon	MBA	8,77,000	12,35,000	CAT/MAT/XAT
57	70	IMI Bhubaneswar – International Management Institute	Bhubaneswar	MBA	8,75,000	12,99,000	XAT/ GMAT/ CAT/ CMAT
58	32	IFHE Hyderabad – ICFAI Foundation For Higher Education	Hyderabad	MBA	8,71,000	16,02,000	IBSAT/CAT/GMAT/NMAT
59	39	NIT Trichy	Tiruchirappalli	MBA	7,90,000	2,73,900	CAT
60	48	KIIT School of Management	Bhubaneswar	MBA	7,50,000	14,90,000	KIITEE/CMAT/ATMA/XAT/MAT/GMAT
61	NA	Institute of Management and Entrepreneurship Development Bharati Vidyapeeth	Pune	MBA	7,00,000	4,50,000	BMAT
62	27	Amrita Vishwa Vidyapeetham	Coimbatore	MBA	6,53,000	12,86,000	CAT/ XAT/ MAT/ CMAT/ GMAT/ GRE/ KMAT
63	76 -100	Manipal University Jaipur	Jaipur	MBA	6,50,000	7,89,000	CAT MAT CMAT XAT GMAT
64	53	Thapar Institute of Engineering and Technology	Patiala	MBA	6,21,000	8,28,360	CAT GMAT NMAT CMAT XAT MAT
65	28	Amity University	Gautam Buddh Nagar	MBA	6,00,000	10,58,000	CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam
66	66	School of Petroleum Management Pandit Deendayal Energy University	Gandhinagar	MBA	6,00,000	8,20,000	CAT XAT NMAT
67	67	Punjab University	Chandigarh	MBA	6,00,000	8,00,000	MAT XAT NMAT CMAT CAT
68	63	PSG College of Technology – PSGCT	Coimbatore	MBA	5,80,000	1,48,000	MAT CAT TANCET MBA
69	41	University of Petroleum and Energy Studies	Dehradun	MBA	5,70,000	15,26,000	UPESMET/ MAT/ CMAT/ CAT/ XAT/ GMAT/ NMAT
70	76 -100	Visvesvaraya Technological University [VTU]	Belgaum	MBA	5,60,000	5,00,000	MAT CAT CMAT KMAT Karnataka PGCET
71	46	Indian Institute of Technology (ISM)	Dhanbad	MBA	5,50,000	3,00,000	CAT
72	76 -100	Babasaheb Bhimrao Ambedkar University (BBAU)	Lucknow	MBA	5,50,000	1,81,000	Written exam by the institute
73	47	KL College of Engineering	Vaddeswaram		5,21,000	6,00,000	CAT/ MAT/ XAT/ NMAT/ ICET/ KL Business School Aptitude Test (KLUBSAT)
74	76-100	IIHMR University	Jaipur	MBA – HM	5,10,000	9,60,000	MAT/ CAT/ CMAT/ ATMA/ XAT/ GMAT/ IIHMR-U
75	74	Rajagiri Centre for Business Studies – RCBS	Kochi	PGDM	5,00,000	7,00,000	CAT/ CMAT/ KMAT/ KERALA MAT
76	57	AMU – Aligarh Muslim University	Aligarh	MBA	4,80,000	5,87,000	AMU Entrance exam
77	34	LPU – Lovely Professional University	Phagwara	MBA	4,32,000	5,32,000	LPU NEST/XAT/MAT/CAT/CMAT
78	76-100	Birla Institute of Technology Mesra	Ranchi	MBA	4,12,000	5,89,000	CAT/ MAT/ XAT/ CMAT
79	76 -100	University of Jammu	Jammu	MBA	4,00,000	3,85,000	CMAT/ MAT/ CAT
80	76 -100	Dayalbagh Educational Institute	Agra	MBA	3,50,000	22,050	Written exam by the institute
81	76 -100	Galgotias University	Gautam Buddh Nagar	MBA	3,00,000	3,08,000	CMAT/ MAT/ CAT/ NMAT
82	76 -100	Christ University	Bangalore	MBA	NA	NA	CAT/ CMAT/ MAT/ XAT/ ATMA/ GMAT
83	40	Chandigarh University	Mohali	MBA	NA	5,82,000	CUCET/ CAT/ MAT/ GMAT
84	76-100	Alliance School of Business Alliance University	Bangalore	MBA	NA	14,00,000	AMAT/GMAT/CAT/NMAT/XAT/MAT/CMAT/KMAT
85	29	Jamia Millia Islamia	New Delhi	MBA	NA	47,000	JMI Entrance
86	62	GGSIPU – Guru Gobind Singh Indraprastha University	Delhi	MBA	NA	2,42,000	CAT/ CMAT/ IPU CET
87	64	Atal Bihari Vajpayee Indian Institute of Information Technology and Management	Gwalior	MBA	NA	3,38,000	CAT
88	65	Graphic Era University – GEU	Dehradun	MBA	NA	5,26,000	CAT/ MAT/ XAT
89	71	K J Somaiya Institute of Management	Mumbai	MBA	NA	16,29,279	CAT/ XAT/ CMAT/ GMAT
90	76 -100	School of Management Studies – University of Hyderabad (SMS Hyderabad)	Hyderabad	MBA	NA	2,02,000	CAT
91	76 -100	Pune Institute of Business Management	Pune	MBA	NA	NA	MAT/ XAT/ GMAT/ CAT/ CMAT/ ATMA/ MAH CET
92	76-100	Jaipuria Lucknow – Jaipuria Institute of Management	Lucknow	PGDM	NA	10,45,000	CAT MAT XAT CMAT GMAT
93	76-100	Jagan Institute of Management Studies	Delhi	PGDM	NA	8,00,000	GMAT MAT CAT XAT CMAT ATMA
94	NA	IIFM – Indian Institute of Forest Management	Bhopal	Post Graduate Diploma in Forestry Management	NA	5,39,000	XAT/CAT
95	NA	Chandragupt Institute of Management	Patna	PGDM	NA	765000	CAT/ XAT/ CMAT
96	NA	IPE Hyderabad – Institute of Public Enterprise	Hyderabad	PGDM -IB	NA	815000	CAT/ MAT/ XAT/ CMAT/ ATMA GMAT
97	NA	IIITM Gwalior – Indian Institute of Information Technology and Management	Gwalior	MBA	NA	338000	CAT
98	NA	Shoolini University	Solan	MBA	NA	488000	MAT GMAT CAT SAT India HPCET
99	NA	J. C. Bose University of Science and Technology YMCA	Faridabad	MBA	NA	197000	CAT MAT XAT
100	NA	Faculty of Social Science Dayalbagh Educational Institute	Agra	MBA	NA	22050	Written exam by the institute

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Note: The average salaries have been taken from the placement reports for the class of 2020-22 of the respective colleges.

Apart from IIMs, there are other prominent top management colleges in India like XLRI, ISB, SP Jain, FMS Delhi, and MDI Gurgaon that are giving tough competition to the IIMs. The average salary from these five business schools is approx. INR 30,00,000.

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 you 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 13,00,000. 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 2023:

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

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List of Top 10 MBA Colleges in India 2023 | Top Business Schools

Now that you know the Top 100 MBA colleges in India let’s take a close look at the top 10 best business schools in detail.

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

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

IIM Bangalore | Top MBA college in India

IIM Bangalore stands #1 on our list of top 10 MBA colleges in India. 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), a 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 the 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 2022 at INR 24,50,000. Moreover, you will be asked to make a caution deposit of INR 20,000, and an advance of INR 30,000 at the mess (each term)

IIM B PGP placement report

The table below highlights details about the placements for IIM Bangalore’s PGP 2020- 2022:

Total # of students opting for placements	524
# of students who opted out of placements	11
Total # of offers made	662
# of companies recruiting	137120
Average domestic salary	INR 33.82 lakhs

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

IIM Calcutta | Top Indian business school

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IIM Calcutta ranks second 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 2023-2025 only through CAT 2022.

Interested candidates living, working, or studying outside India during the period December 15, 2021 to January 15, 2023, will be considered as ‘Overseas Candidate’ for admission to the MBA Program of IIM Calcutta for 2023-25 Batch.

However, an overseas candidate who is expected to be in India during CAT 2022 conducted on November 27, 2022, will not be eligible to apply under the 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 2022 score. Overseas candidates who is expected to be in India during CAT 2022, 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 2022 score / GMAT score (weightage – 30)
• Performance in the personal interview (weightage – 48)
• Performance in written ability test (WAT) (weightage – 8)
• Your work experience (weightage – 8)
• Points awarded for Academic Diversity(weightage – 6)

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.

Indian 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 in the third position due to its global tie-ups, great placement stats, and 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 41.63 lakhs (approx.), which is inclusive of taxes and other costs.

ISB PGP Placement report

ISB PGP class of 2022 received 2072 offers with an average CTC of INR 34.08 lakhs, an increase of 20.81% compared to last year’s CTC of INR 28.21 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:

IIM Lucknow

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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 programs for graduates and executives.

Standardized test for PGP admission

IIM Lucknow accepts CAT 2022 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 2022 score

PGP admission process

IIM Lucknow evaluates your application on the following parameters:

• Your past academic performance
• CAT 2022 scores
• Performance in Written Ability Tests (WAT)
• Performance in Group Discussion
• And, performance in the personal interview

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

PGP fee structure

The total cost of attendance for IIM Lucknow’s PGP class of 2023 -2025 is approx.INR 19 lakhs.

PGP placement reports

The following table gives an overview of the final placements at IIM Lucknow PGP class of 2020-2022:

Class Intake	491
# of offers made	534
Highest CTC (domestic)	INR 61.59 lakhs
Median salary	INR 29  lakhs
Highest CTC (International)	INR 61.59 lakhs
Average CTC	INR 31.03 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 2022 scores for its MBA admissions for the batch 2023-2025.

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 2022 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 20,960 for an MBA at FMS Delhi. Due to such low fees, FMS Delhi is known to have a high ROI.

FMS DU MBA placement reports

The following table highlights details about FMA Delhi MBA 2022 placements:

Class Intake	269
# of students who sought placement holiday	12
# of recruiters	78
# of offers made	262
Average salary	INR 32.4 lakhs
Highest salary	INR 58 lakhs

SPJIMR Mumbai

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SPJIMR Mumbai reserves the 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) – a two-Year full-time MBA. Along with PGDM, SPJIMR Mumbai offers a bunch of management studies programs, 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 2023-2025:

• CAT 2022
• XAT 2022
• 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 2022: 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, 2021, to December 31, 2023.

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 is 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 2022-2024 at SPJIMR Mumbai is INR 20.42 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 2022:

Participants in the batch	238
# of recruiters	70
Average salary	INR 32.05 lakhs
Median salary	INR 30.10 lakhs

XLRI Jamshedpur

XLRI is the oldest and one of the best management studies institutes in India and ranks #8th in our list of the top MBA colleges 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 also offers PGDM (HRM). 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 2023 (Xavier Aptitude Test) for admission into its PGDM (BM) and PGDM (HRM) programmes.

XLRI PGDM (BM) and (HRM) eligibility criteria

If you plan on applying for XLRI’s PGDM (BM) and (HRM), 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) and (HRM) Admission criteria

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

• Registration for XAT 2023
• 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) and (HRM) Fee structure

XLRI Jamshedpur has set the cost of attendance for its PGDM in business management at INR 27.40 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 the XLRI PGDM (BM) class of 2022:

# of recruiters	99
# of offers made	437
Average salary	INR 30.70 lakhs

IIM Indore

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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 2022 entrance exam to apply for PGP at IIM Indore (2023-2025 batch).

PGP eligibility criteria

Your eligibility to apply for PGP at IIM Indore (2023-2025 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 2022 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 2022 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 21 lakhs for IIM Indore PGP. For international candidates, the costs for PGP stand at approx. INR 25 lakhs.

The following table gives an overview of IIM Indore’s PGP 2022 placement report:

No of Students participating	572
# of recruiters	180
Average salary	INR 25.01 lakhs
Highest salary (domestic)	INR 49 lakhs

MDI – Gurgaon

The two-year full-time PGDM (Post Graduate Diploma in Management) at MDI, is ranked #10 in our top 10 MBA colleges in India list. The upcoming sub-sections are going to highlight important details about the MDI flagship program – PGDM, such as its eligibility criteria, admission process, fee structure, and placement reports.

MDI – Flagship program and other programs

Apart from the PGDM program, MDI offers these two programs under PGP:

• Post Graduate Diploma in Management – Human Resource Management (PGDM-HRM)
• Post Graduate Diploma in Management – International Business (PGDM-IB)

Eligibility for IMD PGDM Admission

To be eligible for the IMD PGDM program an applicant should have a CAT 2022 score or a valid GMAT score. Applicants who have both scores should specify which one they wish to be considered for the admissions.

Here is the eligibility requirement for the program:

• The candidate must have 50% marks in Class 10th and 12th
• Minimum 3-years Bachelor’s degree, with 50% mark
• The Bachelor’s Degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent. 

Admissions Process

On the basis of the details provided in the application form and the CAT or GMAT scores, candidates will be shortlisted to be called for the selection process between February and April 2023 at a center in one of the following cities: Bangalore, Gurugram, Kolkata, Hyderabad, Chennai, and Mumbai. Centers other than Gurugram are tentative. The selection process may also be conducted online through zoom for which the intimation will be given to the short-listed candidates in advance.

The final selection of the candidates will be based on the weightage of CAT-2022/valid GMAT score, PI, Academic merit, academic diversity, work experience, and social diversity, etc.

IMD – fee structure

The total cost of the PGDM program at MDI is INR 18,12,800. Here is the fee structure for the PGDM program 2022-2024:

Nomenclature of Fees	1st Year	2nd Year
Tuition Fees	Rs 9,06,400	Rs 9,06,400
Boarding Charges	Rs 72,500	Rs 72,500
Lodging Charges	Rs 89,500	Rs 89,500
Learning Material Fees	Rs 56,600	Rs 56,600
Students Activities	Rs 28,500	Rs 28,500
Library Fee	Rs 34,000	Rs 34,000
Alumni Fee	Rs 14,300	–
Security Deposit*	Rs 27,500	–
Total	Rs 12,29,300	RS 11,87,500
Grand Total of Two Year	Rs 24,16,800
Tuition fee and other charges for NRI Students (excluding boarding and lodging expenses)	US $ 41,250	US $ 41,250
Grand total of Two year for NRI students	US $ 82,500

MDI PGDM Placement report

The average salary for the 2020-2022 PGDM batch is INR 22,05,000. Here are the key highlights of the MDI PGDM placement report:

Placement Highlights	Stats
Number of companies	87
Median Salary	INR 24,00,000
Average Salary	INR 26,65,000
Highest Salary	INR 40,50,000
Batch size	231

IIM Ahmedabad

IIM Ahmedabad ranks #1 on our list of top MBA colleges in India. 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 2022 at INR 24,61,000.

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 2020-2022:

Total # of students eligible for placements	382
Students who didn’t seek placement	3
Mean Salary	INR 33,81,000 lakhs
Maximum Salary	INR 1.14 Cr

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

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