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

When we talk about top MBA colleges in India, generally, the IIMs come to our minds. However, with time, the scenario has changed and numerous other colleges make it to the list of top MBA colleges in India. Out of 20, 14 IIMs are included in the top 100, but other MBA colleges have been performing at par with the top IIMs. If you are planning to go for an MBA program, you have a bunch of options to choose from. But, the amount of information that you find on the internet related to the Top business schools in India may overwhelm and confuse you.

To help you make an informed decision for your career, we have created a table that represents the top business schools in India with its flagship program, tuition fees, entrance exam, and average salary post-MBA.

Here is the outline of the article:

• Top MBA colleges in India – Rank, location, flagship program, fees, average salary, and entrance exam
• Top 50 MBA Colleges in India – NIRF Ranking 
• Top 10 MBA colleges in India

Top MBA colleges in India

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

S. No.	Top MBA Colleges in India	Location	Flagship Program	Average/Mean/Median Salary	Tuition Fees	Accepted Exam
1	IIM Ahmedabad	Ahmedabad	PGP	INR 25,83,126	INR 23,00,000	CAT/GMAT
2	IIM Bangalore	Bangalore	PGP	INR 24,54,000	INR 23,00,000	CAT/GMAT
3	IIM Calcutta	Kolkata	MBA-PGP	INR 27,90,000	INR 27,00,000	CAT/GMAT
4	XLRI Xavier School of Management	Jamshedpur	PGDM (BM)	INR 24,30,000	INR 20,00,000	XAT/GMAT/CAT
5	Indian School of Business (ISB)	Hyderabad	PGP	INR 24,35,915	INR 24,54,000	GMAT/GRE
6	SPJIMR Mumbai	Mumbai	PGDM	INR 22,00,000	INR 17,50,000	GMAT/CAT/XAT
7	IIM Indore	Indore	PGP	INR 20,79,000	INR 16,00,000	CAT/GMAT
8	IIM Lucknow	Lucknow	PGP	INR 24,25,000	INR 14,16,000	CAT/GMAT
9	FMS Delhi	New Delhi	MBA (Full-time)	INR 23,20,000	INR 1,92,000	CAT/GMAT
10	IIFT Delhi	New Delhi	MBA (International Business)	INR 18,00,000	INR 17,25,000	IIFT/ GMAT
11	IIM Kozhikode	Kozhikode	PGP	INR 20,67,000	INR 19,00,000	CAT/GMAT
12	NMIMS School of Business Management	Mumbai	MBA	INR 17,79,000	INR 19,76,000	NMAT/GRE/GMAT
13	MDI Gurgoan – Management development Institute	Gurugram	PGPM	INR 19,17,000	INR 16,00,000	CAT/GMAT
14	NMIMS School of Buiness Management	Bangalore	PGDM	INR 10,50,000	INR 19,76,000	NMAT/GMAT/GRE
15	IIT Kharagpur	Kharagpur	MBA	INR 16,11,000	INR 9,00,000	CAT/GMAT
16	IMT Ghaziabad	Ghaziabad	PGDM	INR 13,60,000	INR 18,30,000	CAT/GMAT/XAT
17	DMS IIT Delhi	New Delhi	MBA	INR 18,47,000	INR 9,60,000	CAT
18	SIBM Pune	Pune	MBA	INR 20,14,000	INR 18,80,000	SNAP
19	IIM Trichy	Trichy	PGP	INR 13,00,000	INR 16,50,000	CAT
20	IMI Delhi – International Management Institute	New Delhi	PGDM	INR 13,07,000	INR 13,16,000	CAT/GMAT
21	Vellore Institute of Technology	Vellore	MBA – VITBS	INR 7,25,000	INR 6,97,000	CAT/XAT/GMAT/CMAT.ATMA/NMAT
22	JBIMS – Jamnalal Bajaj Institute of Management studies	Mumbai	MMS	INR 17,42,000	INR 3,00,000	CAT/CMAT, MH-CET
23	IIM Udaipur	Udaipur	MBA	INR 13,20,000	INR 13,75,000	CAT/GMAT
24	NITIE Mumbai	Mumbai	PGDIE	INR 20,08,000	INR 7,00,000	CAT
25	IIM Rohtak	Rohtak	PGP	INR 11,85,000	INR 13,80,000	CAT/ GMAT
26	TAPMI Manipal – T A Pai Management Institute	Manipal	PGDM	INR 11,06,000	INR 14,60,000	CAT/XAT/GMAT
27	Great Lakes Institute of Management	Chennai	PGDM (One-year)	INR 13,10,000	INR 10,10,000	CAT/GMAT/XAT/CMAT
28	SCMHRD	Pune	MBA	INR 15,64,000	INR 18,40,000	SNAP
29	DoMS IIT Madras	Chennai	MBA	INR 12,44,000	INR 8,00,000	CAT/GMAT
30	IIM Shillong	Shilong	PGP	INR 16,50,000	INR 14,60,000	CAT/GMAT
31	BITS Pilani	Pilani	MBA	INR 9,18,000	INR 8,36,600	CAT/XAT/GMAT
32	IIM Ranchi	Ranchi	PGDM	INR 15,02,000	INR 15,00,000	CAT
33	SIBM	Bangalore	MBA	INR 8,00,000	INR 14,50,000	SNAP
34	XIME	Bangalore	PGDM	INR 7,04,000	INR 10,00,000	CAT/GMAT/ATMA/CMAT/MAT/XAT
35	IFIM Business school	Bangalore	PGDM	INR 7,50,000	INR 15,50,000	CAT/XAT/NMAT/GMAT
36	ICFAI Business School (IBS)	Hydrabad	MBA	INR 5,98,000	INR 14,00,000	GMAT/NMAT/CAT/IBSAT/SNAP/XAT/MAT/CMAT/CET
37	Indira Institute of Management	Pune	PGDM	INR 5,00,000	INR 4,00,000	CMA/CAT/MAT/ATMA/MAHCET
38	NMIMS School of Buiness Management	Bangalore	PGDM	INR 10,50,000	INR 14,50,000	NMAT
39	Xavier School of Rural Management	Bhubaneswar	MBA-BM	INR 23,00,000	INR 17,30,000	XAT/GMAT/CAT/x-GMAT
40	IIM Kashipur	Kashipur	PGP	INR 13,82,00	INR 7,50,000	CAT
41	IIM Sambalpur	Sambalpur	PGP	INR 9,23,000	INR 10,00,000	CAT
42	IIT Roorkee – Indian Institute of Technology	Roorkee	MBA	INR 10,30,000	INR 6,13,800	CAT/GMAT
43	IIM Raipur	Raipur	PGP	INR 14,,53,000	INR 12,61,200	CAT
44	BIIB – Balaji Institute of International Business	Pune	MBA	INR 6,85,000	INR 7,85,000	CAT/XAT/MAT/CMAT/ MAH-CET
45	Jamia Millia Islamia	New Delhi	MBA	INR 4,25,000	INR 46,800	JMI Entrance
46	NIT Trichy	Tiruchirappalli	MBA-PGDM	INR 6,00,000	INR 2,53,000	CAT
47	Institute of Management – Nirma University	Ahmedabad	MBA	INR 9,00,000	INR 9,52,000	CAT/GMAT
48	Symbiosis Institute of Operations management – SIOM	Nashik	MBA in Operations	INR 11,73,000	INR 13,53,000	SNAP
49	IRMA – Institute of Rural Management Anand	Anand	PGDRM	INR 10,80,000	INR 11,00,000	CAT/XAT
50	PSG College of Technology – PSG Institute of Management	Coimbatore	MBA	INR 7,50,000	INR 8,00,000	CAT/MAT/ATMA/TANCET
51	LIBA – Loyaola Institute of Business Administration	Chennai	PGDM	INR 9,50,000	INR 12,00,000	CAT/XAT
52	SIMSR KJ Somaiya Institute of Management	Mumbai	PGDM	INR 10,05,000	INR 15,52,000	CAT/XAT/GMAT
53	KIIT School of Management	Bhubaneswar	MBA	INR 6,50,000	INR 13,60,000	KIITEE/CMAT/ATMA/XAT/MAT/GMAT
54	BHU – Banaras Hindu University	Varanasi	MBA	INR 7,50,000	INR 98,888	BHU PET
55	BIMTECH – Birla Institute of Management Technology	New Delhi	PGDM	INR 8,18,000	INR 12,00,000	CAT/XAT/GMAT
56	GIM – Goa Institute of Management	Goa	PGDM	INR 11,72,000	INR 10,92,000	CAT/XAT/GMAT/CMAT
57	BIM Tiruchirappalli	Tiruchirappalli	MBA	INR 9,30,000	INR 13,61,000	CAT
58	PUMBA	Pune	MBA	NA	INR 1,34,000	MH-CET/CAT/CMAT
59	University of Lucknow – Department of Business Administration	Lucknow	MBA	NA	INR 3,00,000	CAT
60	IIT Bombay – Shailesh J Mehta School of Management Mumbai	Mumbai	MBA	INR 20,80,000	INR 8,30,000	CAT
61	FORE School of Management	New Delhi	PGDM	INR 10,10,000	INR 15,98,000	CAT/XAT/GMAT
62	SIMSREE	Mumbai	PGDBM	INR 10,20,000	INR 1,34,000	CAT/MAT/XAT/CMAT
63	National Institute of Agricultural Extension Management	Hydrabad	PGDM	INR 7,50,000	INR 6,00,000	CAT
64	Rajagiri Center for business studies  – RCBS	Kochi	MHRM	NA	INR 6,50,000	CMAT/CAT/MAT/ KMAT Kerala
65	SIES College of Management Studies	Mumbai	PGDM	INR 7,14,000	INR 9,00,000	CAT/MAT/CMAT/MAH-CET
66	Anna University	Chennai	MBA/PGDM	INR 4,71,000	INR 83,020	TANCET
67	IPE Hydrabad	Hydrabad	MBA/PGDM	INR 7,20,000	INR 8,50,000	CAT/MAT/XAT/CMAT
68	Alliance School of Business	Bangalore	MBA	INR 7,60,000	INR 13,50,000	XAT/GMAT/NMAT/KMAT/MAT/CMAT/IBSAT/CAT/Alliance-AMAT
69	AIMS Institutes	Bangalore	MBA	INR 4,92,000	INR 9,50,000	CAT/MAT/CMAT/KMAT/GMAT
70	BIMM – Balaji Institute of Modern Management	Pune	MBA	INR 6,00,000	INR 4,82,000	CAT/MAT/XAT/CMAT/MH-CET
71	IMI Kolkata – International Management Institution	Kolkata	MBA/PGDM	INR 6,50,000	INR 9,95,642	CAT/XAT/GMAT
72	Asia Pacific Instiotute of Management	Panipat	PGDM-GM	INR 3,00,000	INR 1,60,000	MAT/CMAT
73	SIIB Pune – Symbiosis Institute of International Business	Pune	SIIB	INR 10,78,000	INR 10,08,000	SNAP
74	Delhi school of Economics	New Delhi	MBAIB	INR 9,50,000	INR 15,696	CAT
75	Delhi school of Economics	New Delhi	MBA	INR 10,68,000	INR 15,696	CAT
76	IFMR Graduate School of Business, KREA University	Andra Pradesh	MBA/PGDM	INR 8,70,000	INR 13,20,000	CAT/XAT/GMAT/GRE
77	Panjab University (PUCHD)	Chandigarh	MBA	NA	INR 1,70,000	CAT/PU-CET
78	LBSIM	New Delhi	PGDM	INR 9,20,000	INR 11,67,000	GMAT/CAT
79	Christ University	Bangalore	MBA	INR 6,80,000	INR 8,03,000	XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA
80	Christ University	Bangalore	MBA+M.S.	INR 6,80,000	INR 17,87,000	XAT/GMAT/GRE/MAT/CMAT/CAT/ATMA
81	Welingkar Institute of Management	Mumbai	PGDM	INR 9,19,000	INR 5,50,000	CAT/MAT/XAT/CMAT/ATMA
82	PSG Institute of management – PSGIM	Kolkata	PSGIM	INR 7,50,000	INR 6,00,000	CAT/MAT
83	IISWBM	Kolkata	MBA	INR 6,50,000	INR 6,00,000	CAT
84	Institute of Management and Entrepreneurship development	Pune	MBA	INR 7,50,000	INR 4,50,000	B-MAT
85	School of Business, University of Petroleum and Energy studies	Dehradun	MBA	NA	INR 13,34,000	UPESMET/CMAT/GMAT/CAT
86	IILM Institute of Business and Management	Gurgaon	MBA/PGDM	NA	INR 12,90,000	CAT/MAT/NMAT/XAT/CMAT
87	IMT Nagpur	Nagpur	MBA/PGDM	INR 7,00,000	INR 14,00,000	CMAT/CAT/XAT/GMAT
88	WeSchool Bangalore	Bangalore	MBA-PGDM	INR 9,19,000	INR 5,50,000	XAT/CAT/GMAT/CMAT/ATMA
89	Indus Business Academy	Bangalore	MBA/PGDM	INR 6,50,000	INR 8,24,000	MAT/GMAT/CAT/XAT/KMAT/ATMA
90	LPU – Lovely Professional University	Jalandhar	MBA/PGDM	INR 3,40,000	INR 4,64,000	LPU NEST/XAT/MAT/CAT/CMAT
91	SIDTM – Symbiosis	Pune	SIDTM	INR 11,06,826	INR 12,50,000	SNAP
92	SDMIMD	Mysore	MBA/PGDM	INR 7,10,000	INR 10,95,000	CMAT/CAT/XAT/GMAT/NMAT
93	IMS – Institute of Management  Studies	Ghaziabad	MBA/PGDM	INR 6,10,000	INR 7,95,000	CAT/MAT/CMAT/XAT/ATMA/GMAT
94	PIMR – Prestige Institute of Management	Indore	MBA/PGDM	INR 4,00,000	INR 2,20,000	CMAT
95	SCMS Cochin School of Business	Kochi	MBA/PGDM	INR 5,00,000	INR 7,50,000	CAT/MAT/CMAT/ATMA/XAT/KMAT
96	ISBM – International School of Business and Media	Pune	MBA/PGDM	INR 7,62,000	INR 12,52,000	XAT/CAT
97	JIMS Rohini	Delhi	MBA/PGDM	INR 8,70,000	INR 7,70,000	CAT/MAT/XAT/ATMA/CMAT
98	BIT Mesra – Birla Institute of Technology	Ranchi	MBA/PGDM	INR 4,20,000	INR 5,57,000	XAT/MAT/CMAT/CAT
99	CIMR – Chetana Institute of Management and Research	Mumbai	PGDM	INR 5,42,000	INR 7,85,000	CAT/MAT/CMAT/XAT/ATMA/GMAT/ATMA
100	PIBM – Pune Institute of Management	Pune	MBA/PGDM	INR 700,000	INR 7,50,000	MAT/ATMA/XAT/CMATCAT, PMAT

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

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

The average tuition fee for the colleges mentioned in the table is approx. INR 10,68,413. However, there are other costs apart from your tuition fee, such as the living cost during MBA, hostel fee, and mess fee,  that also needs to be taken into consideration.

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

 

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

NIRF MBA Rankings 2020 – Top 50 MBA colleges in India

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

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

Top 10 MBA Colleges in India 2020

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

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

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

 

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

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

Let’s take a look.

IIM Ahmedabad

 

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.

 

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 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

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

IIM C Flagship program

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

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

Standardized test for IIM C MBA admission

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

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

IIM Calcutta MBA eligibility criteria

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

• If you have a bachelor’s degree with at least 50% marks
• If you have a valid CAT 2020 score (GMAT score for international applicants)

IIM Calcutta admission process

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

• Your CAT 2020 score / GMAT score (weightage – 30)
• Performance in the personal interview (weightage – 48)
• Performance in written ability test (WAT) (weightage – 10)
• Your work experience (weightage – 8)
• Your past academic performance (weightage – 4)

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

IIM Calcutta Fee structure

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

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

XLRI Jamshedpur

 

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:

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

 

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

 

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SPJIMR Mumbai

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

SPJIMR Flagship program

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

Standardized test for SPJIMR PGDM admission

SPJIMR Mumbai is quite flexible in terms of the standardized test scores it accepts for admission. You can take any one of the following three entrance exams to secure admission into SPJIMR Mumbai PGDM 2020-2022:

• • CAT 2020
  • XAT 2021
  • GMAT

SPJIMR PGDM eligibility criteria

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

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

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

• • CAT 2019: Sectional percentile- 75, Overall percentile- 85
  • XAT 2020: Sectional percentile- 75, Overall percentile- 85
  • GMAT: Sectional percentile- 75, Overall percentile- 85

Note: If you are applying through GMAT scores, you must have appeared for the exam in between the following period: January 1, 2017, to December 31, 2019.

SPJIMR PGDM Admission criteria

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

• • For the first segment, the applicants are shortlisted based on their past academic performance, i.e., 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 2019-2021 at SPJIMR Mumbai is INR 17.50 lakhs, which covers the tuition fee, accommodation charges, and Global fast track. You will be required to bear any other expenses incurred during the program.

SPJIMR PGDM placement reports

The table below highlights important details about the placements of SPJIMR Mumbai’s PGDM class of 2019:

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

IIM Indore

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

IIM Indore Flagship program

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

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

Standardized Test for IIM Indore PGP admission

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

IIM Indore PGP eligibility criteria

Your eligibility to apply for PGP at IIM Indore will be decided on the following factors:

• • You have a bachelor’s degree or equivalent with at least 50% scores.
  • You have a valid CAT score. (International applicants can apply through GMAT scores)
  • The cut-off percentile for CAT 2019 is as follows: Sectional percentile – 80, Overall percentile – 90.
  • The cut-off GMAT scores for international applicants is 700, and the cut-off AWA score is 4.

IIM Indore PGP Admission criteria

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

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

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

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

IIM Indore PGP fee structure

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

IIM Indore PGP placement reports

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

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

IIM Lucknow

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

IIM Lucknow Flagship program

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

Standardized test for IIM Lucknow PGP admission

IIM Lucknow accepts CAT scores for its PGP.

IIM Lucknow PGP eligibility criteria

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

• • You must hold a bachelor’s degree or equivalent with at least 50% marks
  • Candidates in the final year of graduation can also apply. But, you will be required to produce relevant certificates by June 30, 2020, if selected.
  • You must have a valid CAT 2020 score (Cut-off for 2019 admission season was 90 percentile)

IIM Lucknow PGP admission process

IIM Lucknow evaluates your application on the following parameters:

• • Your past academic performance
  • CAT 2020 scores
  • Performance in Written Ability Tests (WAT)
  • Performance in Group Discussion
  • And, performance in the personal interview

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

IIM Lucknow PGP fee structure

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

IIM Lucknow PGP placement reports

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

Class Intake	443
# of recruiters	140+
# of offers made	447
Mean salary	INR 24.25 lakhs
Median salary	INR 23  lakhs

Faculty of Management Studies  – Delhi University

FMS Delhi is one of the most sought-after MBA colleges in India due to its low cost of attendance and high ROI. Let’s have a look at details about its flagship program.

FMS DU Flagship program

The flagship program at Faculty of Management Studies (FMS) Delhi is a full-time course called MBA. Other management studies programs offered at FMS Delhi are:

• • MBA-Executive
  • MBA-Executive HCA

Standardized test for FMS DU MBA admission

FMS Delhi will accept CAT 2020 scores for its MBA admissions

FMS DU MBA admission process

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

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

• • CAT 2020 scores
  • Past academic performances
  • Performance in Group discussion
  • Performance in Extempore
  • And, performance in the personal interview

FMS DU MBA fee structure

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

FMS DU MBA placement reports

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

Class Intake	216
# of students who sought placement holiday	18
# of recruiters	68
# of offers made	210
Average salary	INR 23.2 lakhs
Highest salary	INR 48 lakhs

 

IIFT Delhi

The next MBA college in our list is Indian Institute of Foreign Trade i.e., IIFT

IIFT Flagship program

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

Standardized test for IIFT MBA (IB) admission

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

IIFT MBA eligibility criteria

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

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

IIFT Delhi MBA admission process

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

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

IIFT MBA fee structure

The general and OBC category candidates are liable to pay the fees of INR 7.6 lakhs annually. In contrast, the SC, ST, and PH category candidates are required to pay INR 3.5 lakhs annually.

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

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

IIFT MBA placement report

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

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

 

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