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TOP MBA COLLEGES IN INDIA

Everyone, right from a humanities graduate to an engineer or a commerce executive, aspires for an MBA degree. Just after the admission, students are taught main subjects, personality development, understanding human psychology as well as the functioning of the economy. A management degree not only helps to find a lucrative job but also makes you a more mature individual as you are taught to manage people and situations.
In today's corporate world, getting a management degree is crucial for attaining the senior-most position in good organizations. Earning an MBA degree not only promises an individual a secure job but also ensures his growth and success in today's job market.
Most MBA programs provide you with training in basic business principles needed by any manager including, corporate finance, economics, strategic planning, marketing and basic accounting. However, if you know which career field you are interested in, selecting a specific MBA program will allow you to get specialized and better prepare yourself for a career.
Much like any other educational institution, the academic content of a business school education does not vary much between programs. However, experts will tell you that the value of your MBA degree is often directly related to the esteem of the school which grants it. All MBA schools annually receive rankings from various organizations. These rankings are determined by a variety of factors and can be very useful when choosing a business school or MBA program.
Eligibility Criteria: The minimum eligibility criterion for admission is at least a 3-year bachelor's degree with at least 50 percent marks or equivalent (45 percent for SC/ST or persons with disability (PWD) category, of any of the Universities (please check specifications) or possess an equivalent qualification recognised by the Ministry of HRD, Government of India.
Note: 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.
In the case of the candidates being awarded grades/CGPA instead of marks, the equivalence would be based on the equivalence certified by the university/institution from where they have obtained bachelor’s degree.
Admission Procedure: A Common Admission Test (CAT) is held at Ahmedabad, Allahabad, Bangalore, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Delhi, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Jamshedpur, Kolkata, Kozhikode, Lucknow, Mumbai, Nagpur, Noida, Patna and Pune on all India basis for admission to Postgraduate Programmes in Management (PGP) in all of these Top Management Schools.

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 - Indian School of Business
  6. SPJIMR Mumbai
  7. IIM Indore
  8. IIM Lucknow
  9. FMS Delhi
  10. IIFT Delhi

IIM Ahmedabad

Top MBA colleges in India - 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:

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 fulfil 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 placements398
Students who didn’t seek placement10
Mean SalaryINR 25,83,126 lakhs
Maximum SalaryINR 70 lakhs

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

IIM Bangalore

Top MBA colleges in India - 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), a Two-year full-time program is the flagship program at IIM Bangalore.

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

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 fulfil 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 placements411
# of students who opted out of placements1
Total # of offers made488
# of companies recruiting129
Average domestic salaryINR 24.54 lakhs
Average overseas salaryINR 62.30 lakhs
The company that made the highest number of offersAccenture Strategy

IIM Calcutta

Top MBA colleges in India - 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 as 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

Top MBA colleges in India - 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 fulfil 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 recruiters108
# of offers made362
Average salaryINR 24.30lakhs
Highest International salaryINR 58.5 lakhs

India School of Business (ISB)

Top business schools in India - 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 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 a 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 intake883
# of recruiters373
# of offers made1300 (approx.)
Average salaryINR 24.35 lakhs

SPJIMR Mumbai

best colleges for mba in India - SPJIMR

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 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., 10th, 12th, and graduation years. The shortlisted candidates are then called for an early interview
  • The second segment of shortlisting is done after the availability of the test scores. The candidates are called for the second round of interview

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

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

SPJIMR PGDM fee structure

The fee for the PGDM class of 2019-2021 at SPJIMR Mumbai is INR 17.50 lakhs, which covers the tuition fee, accommodation charges, and Global fast track. You will be required to bear any other expenses incurred during the program.

SPJIMR PGDM placement reports

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

Class Intake239
# of recruiters111
Average salaryINR 22.90 lakhs
Median salaryINR 22.00 lakhs
# of international offers12

IIM Indore

business schools in india - 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 intake607 (incl. Dual-degree and PGP-Mumbai students)
# of recruiters200+
Average salaryINR 2o.79 lakhs
Highest salary (international)INR 89.25 lakhs
Highest salary (domestic)INR 40.50 lakhs

IIM Lucknow

Business schools in India - 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 Intake443
# of recruiters140+
# of offers made447
Mean salaryINR 24.25 lakhs
Median salaryINR 23  lakhs

Faculty of Management Studies  – Delhi University

Best mba colleges in india - FMS delhi

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 Intake216
# of students who sought placement holiday18
# of recruiters68
# of offers made210
Average salaryINR 23.2 lakhs
Highest salaryINR 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 fulfil 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 Intake279
# of recruiters98
Average salaryINR 20.07 lakhs
Median salaryINR 18 lakhs
Highest international compensation$ 150,000

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