Top 20 MBA Colleges in India

Finding the top postgraduate degree programs is one of the main tasks of candidates who have completed their graduation degree. MBA programs are among the best options available in this regard. As per placement reports of top MBA colleges in India, the average salary of an MBA graduate is approximately 80-90 LPA (INR). Choosing the best MBA colleges in India based on all your relevant criteria is the most difficult task after choosing your post-graduation program. All management applicants ask, “Which college is best for an MBA in India?”

If you are still confused about choosing the best MBA colleges in India, then you’ll find some useful insights for the same. In this article, we’ll discover, analyze, and select the top 20 MBA colleges in India.

Total Number of MBA Institutes in India: 3,000+
IIMs in India: 21 (IIM Ahmedabad, Bangalore, Calcutta, Lucknow, etc.)
Average MBA Fees (Top B-Schools): INR 12–25 Lakhs
Average Placement Package (Top MBA Colleges): INR 25–35 LPA
Highest Placement Packages (IIM A, B, C, ISB): INR 75–90 LPA (domestic + international offers)
Average ROI (FMS Delhi, JBIMS Mumbai, TISS): High ROI with lower fees (INR 2–5 Lakhs fees; average salary INR 20–25 LPA)
Top Recruiters: McKinsey, BCG, Bain, Amazon, Microsoft, Google, Deloitte, Accenture, HUL
Most Preferred Exam: CAT (over 3.5 lakh applicants in 2024)

Ranking of Top 20 MBA Colleges in India

Top management institutions undoubtedly thrive in terms of world-class amenities, outstanding instructors, a high-quality curriculum, etc. Therefore, we have compiled a list of the top B schools in India. Although each school stands out in its own way, the following management schools in India provide the best management education.

Check out these Top 20 MBA Colleges in India ranking-wise

Rank	College Name	Location	Score
1	Indian Institute of Management, Ahmedabad	Ahmedabad, Gujarat	937.24
2	Faculty of Management Studies, University of Delhi, Delhi	Delhi, India	933.39
3	Indian Institute of Management Calcutta, Kolkata	Kolkata, West Bengal	931.2
4	Indian Institute of Management Bangalore, Bengaluru	Bengaluru, Kerela	925.89
5	Indian Institute of Management, Kozhikode	Kozhikode, Kerela	921.88
6	Indian Institute of Management, Lucknow	Lucknow, Uttar Pradesh	915.04
7	Indian Institute of Foreign Trade, New Delhi	Delhi, India	909.7
8	Indian Institute of Management, Mumbai (Formerly, NITIE, Mumbai)	Mumbai, Maharastra	903.86
9	Indian Institute of Management, Indore	Indore, Madhya Pradesh	900.35
10	Shailesh J Mehta School of Management, Indian Institute of Technology Bombay, Mumbai	Mumbai, Maharastra	895.33
11	Indian Institute of Management, Raipur	Raipur, Chhattisgarh	889.79
12	Vinod Gupta School of Management, Indian Institute of Technology, Kharagpur	Kharagpur, West Bengal	884.92
13	Dept. of Management Studies, Indian Institute of Technology Delhi, New Delhi	Delhi, India	879.45
14	Indian Institute of Management, Udaipur	Udaipur, Rajasthan	875.2
15	Indian Institute of Management, Ranchi	Ranchi, Jharkhand	866.18
16	Department of Management Studies, Indian Institute of Technology Madras, Chennai	Chennai, Tamil Nadu	861.4
17	MHRM Department of Humanities and Social Science, Indian Institute of Technology, Kharagpur	Kharagpur, Haryana	857.59
18	Jamnalal Bajaj Institute of Management Studies, Mumbai	Mumbai, Maharashtra	852.84
19	University Business School, Panjab University, Chandigarh	Chandigarh, Panjab	848
20	Taxila Business School	Jaipur, Rajasthan	814.72

Factors considered while selecting the Best B schools

Well, making a list of the best 20 business schools can't rely on one or two factors. There are several important factors that are taken into consideration while selecting these institutes among the others. The reason is that there are chances that one college is performing amazingly in one sector, while in others they are lacking in the others. So this complete overview gives an Idea about everything that an institute has to offer. Several important factors are mentioned below :

Placements
Infrastructure
Alumni Networks
Faculty
Rankings and Accreditation
Accomplishments
Successful Startups
Research and Publication
Fees and Hostel Facilities
Admissions

Cut off Marks/Eligibility Criteria of Best B-Schools

Since these institutions are in high demand, it’s not easy to get admission here. There are several national-level management entrance exams, such as CAT/CMAT/XAT, that an aspirant needs to take for admission. Generally, a 90-95 percentile is required for admission to these best colleges. Also, in some cases, this can be higher and goes up to the 97-98 percentile. Apart from the entrance exam, academic performance, Interview, & Written Test are also mandatory for the admission process

Criterion		Details
Academic - Bachelor's Degree		General Category: Minimum of 50% aggregate marks or equivalent CGPA. Reserved Categories: Minimum of 45% marks.
Entrance Exam		-CAT is the standard for most top colleges. -Some colleges also accept CMAT, XAT, MAT, GMAT, or their own tests.
Academic Profile		Class 10, Class 12, and graduation Score
Work Experience		Not required for the regular MBA for the Executive MBA it is required
Interview & Written Test		The WAT tests your writing skills, while the PI assesses your communication and personality.

Entrance Exams for MBA in India

Most top MBA colleges in India accept the following exams:

CAT – Common Admission Test (for IIMs and other top B-schools)
XAT – Xavier Aptitude Test (for XLRI and other institutes)
GMAT – Accepted by ISB Hyderabad and some IIMs for executive programs
NMAT – For NMIMS Mumbai and related campuses
SNAP – For Symbiosis Institutes

See the List of – Top 50 B schools in India | Top 10 Business Schools in India

Placement Records of the Best 20 Management Institutes of India

placements of top 20 mba colleges in india

The placement record of an institution indicates the success rate of the institution. As almost all students care about placemats, this is a major part of ranking schools. The best 20 MBA colleges provide placements up to 1.75 crore, and that is quite impressive. According to some reports, almost 70% of MBA pass-out students failed to grab a decent job. Here, these colleges are showing growth in the placement fields.

The following are some requirements that must be met to get enrolled in the best MBA colleges:

Which recruiters are coming into the college, and what is their repetition rate?
For which MBA program is placement higher?
Which package was the highest the previous year?
What is the institution’s record for the average salary package offered?
What is the institution's record for converting summer internships into full-time offers?
What is the typical return on investment for the MBA program, considering both the average salary package and the total program cost?

Fees of Top 20 B-schools in India

fees of top 20 b schools in india

IIM A – 33 Lakh
FMS – 2 Lakh
IIM C – 31 Lakh
IIM B – 25 Lakh
IIM K – 23 Lakh
IIM L – 20 Lakh
IIFT – 22 Lakh
IIM Mumbai – 23 Lakh
IIM Indore – 21 Lakh
SJMSM – 24 Lakh
IIM Raipur – 18 Lakh
VGSM – 13 Lakh
TAXILA – 10 Lakh
IIT DELHI – 11 Lakh
IIM RANCHI – 17 Lakh
IIM ROHTAK – 18 Lakh
IIM MADRAS – 2 Lakh
MHRM – 7 Lakh
JBIMS – 2 Lakh
UBS – 8 Lakh

Also Read: List of Top Tier 1 MBA Colleges in India