Top MBA Colleges in India 2025: Complete Guide to Fees, Entrance Exams & Placement Records
Summary
Premier MBA institutions accepting various entrance exam scores with comprehensive fee and salary analysis
Classification Factors: Placement data, ROI analysis, entrance cutoffs, brand legacy, and peer quality determine rankings
Premier institutions include IIMs: Ahmedabad (₹33L fees, ₹32.79L CTC), Bangalore (₹31L, ₹33L), Calcutta (₹31L, ₹33.67L). Top B-schools feature FMS Delhi (₹1.92L, ₹31L), XLRI (₹25.8L, ₹30.5L), SPJIMR (₹21L, ₹33L). Specialized institutions include JBIMS (₹6L, ₹23L), NMIMS (₹24.4L, ₹25.13L), MDI Gurgaon (₹21L, ₹25L). CAT scores are accepted by 20+ IIMs, IIT Delhi/Bombay/Madras, MDI Gurgaon, JBIMS. XAT-accepting institutions include XLRI, XIMB, TAPMI, GIM. The admission process involves entrance examination, shortlisting, GD/WAT/PI, and final merit determination. Students should research thoroughly, verifying college claims, alumni networks, and placement records among 5,700+ nationwide B-schools.
India’s MBA education landscape encompasses over 5,500 institutions operating under various models including public, private, autonomous, government, and semi-government structures. Students seeking admission to premier MBA institutions can gain entry through multiple entrance examinations such as CAT, XAT, MAT, CMAT, ATMA, and others. Among the most prestigious institutions are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, DMS IIT Delhi, IIM Lucknow, SIIB Pune, IIM Indore, IIM Raipur, IIM Rohtak, and numerous other distinguished establishments.
Given the extensive network of MBA institutions across India, selecting the ideal college presents a significant challenge. Potential students are usually confused by the plethora of different choices. How can one identify the most suitable business school that aligns with their career objectives, professional ambitions, and long-term aspirations? The extensive catalog includes premier IIMs, more than 50 private institutions, and 40 government-affiliated schools, among others. This comprehensive guide presents the finest MBA institutions in India, ranked according to their academic programs, fee structures, placement statistics, and return on investment.
Premier 10 MBA Institutions in India: Fee Structure & Placement Statistics
When selecting an MBA program in India, prospective students typically evaluate institutions based on reputation, recognition, campus infrastructure, and financial requirements. The fee structure remains a critical consideration in the selection process. It’s essential to evaluate the return on investment, which encompasses tuition costs, campus amenities, teaching methodology, faculty expertise, and placement outcomes.
Below is our compilation of India’s top 10 business schools, featuring institutional names alongside their fees and average placement figures, and B-school rankings to assist in your selection process.
| Institute | Tests Accepted | Fees (In Lac) | Final Placement (Avg. in LPA) |
|---|---|---|---|
| FMS | CAT | 2.32 | 34.1 |
| IIM-A | CAT | 26.5 | 34.45 |
| IIM-B | CAT | 26 | 35.92 |
| IIM-C | CAT | 31 | 35.07 |
| IIM-Indore | CAT | 21.17 | 25.68 |
| IIM-K | CAT | 23.5 | 28.05 |
| IIM-L | CAT | 20.75 | 30 |
| ISB | GMAT, GRE, CAT | 39.51 | 34.21 |
| SPJIMR | CAT, GMAT | 22.5 | 33 |
| XLRI | XAT | 31.59 | 31.08 |
Leading MBA Institutions in India Without CAT Examination
While CAT is commonly perceived as the primary entrance examination for admission to top business schools in India, this isn’t entirely accurate. Numerous MBA institutions accept alternative examinations besides CAT. Institutions like XLRI, SIBM, JBIMS, NMIMS and others provide MBA programs without requiring CAT as the primary exam scores. However, few colleges do accept CAT scores for a small section of their total intake like JBIMS has 15% seats reserved for all India Exams like CAT.
The following table presents premier MBA colleges that don’t mandate CAT examination. These institutions evaluate candidates through examinations such as GMAT, SNAP, NMAT, CET, CMAT, MICAT, XAT, and others. Review the table below for institution names with their corresponding entrance examinations and fees, including B-school classifications.
| Institute Name | Tests Accepted | Fees (In Lac) | Final Placement (Avg. in LPA) |
|---|---|---|---|
| XLRI Jamshedpur | XAT | 31.59 | 31.08 |
| ISB Hyderabad | GMAT, GRE, CAT | 39.51 | 34.21 |
| JBIMS Mumbai | CET, CAT, CMAT, MAT, ATMA | 6 | 26.12 |
| NMIMS Mumbai | NMAT | 25 | 25.13 |
| SIBM Pune | SNAP | 17.47 | 8.9 |
| SCMHRD Pune | SNAP | 24.12 | 21.47 |
| XIMB Bhubaneswar | XGMT, CAT, XAT, GMAT | 22 | 9.8 |
10 Premier MBA Institutions in India with Affordable Fees
| Institute | Tests Accepted | Fees (In Lac) | Placement (Avg. in LPA) |
|---|---|---|---|
| FMS, Delhi | CAT | 2.32 | 34.1 |
| Department of Management Studies, Indian Institute of Science | CAT, GMAT | 5.42 | 26.8 |
| Jamnalal Bajaj Institute of Management Studies | CET, CAT, CMAT, MAT, ATMA | 6 | 26.12 |
| SIMREE, Mumbai | CET, CAT, CMAT | 1.64.38 | 15.19 |
| Department of Financial Studies (DFS), Delhi University | CAT | 0.26 | 15.5 |
| Delhi School of Economics (DSE), Delhi University | CAT | 0.50 | 15 |
| Department of Management Sciences, Savitribai Phule Pune University | CET, CAT, CMAT, MAT, ATMA | 4.4 | 11.23 |
| TISS, Mumbai (HRM & LR) | CAT | 2.07 | 26.31 |
| IIT Madras | CAT | 10 – 17 Lakhs | 18.00 |
Premier MBA Institutions in India with Complete Fee Structure & Placement Data
This comprehensive table showcases India’s finest MBA institutions. You can examine institutional names along with their total fees, entrance examinations, and final placement salary packages. The total program fees range from 2.32 Lakhs at FMS Delhi to 34.50 Lakhs at IIM Ahmedabad. The table also includes B-school ranking classifications.
| Institute Name | Tests Accepted | Fees (In Lakhs) | Placement (Avg. in LPA) |
|---|---|---|---|
| FMS, Delhi | CAT | 2.32 | 34.1 |
| IIM-A | CAT | 26.5 | 34.45 |
| IIM-B | CAT | 26 | 35.92 |
| IIM-C | CAT | 31 | 35.07 |
| IIM-I | CAT | 21.17 | 25.68 |
| IIM-K | CAT | 23.5 | 28.05 |
| IIM-L | CAT | 20.75 | 30 |
| ISB | GMAT, GRE, CAT | 39.51 | 34.21 |
| SPJIMR | CAT, GMAT | 22.5 | 33 |
| XLRI | XAT | 31.59 | 31.08 |
| IIM-K | CAT | 20.5 | 28.05 |
| Indian Institute of Foreign Trade | CAT | 21.87 | 27.3 |
| IIM-M | CAT | 21 | 33.84 |
| IIM-Shillong | CAT | 26.18 | 26.1 |
| Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay | CAT | 15.15 | 28.01 |
| Jamnalal Bajaj Institute of Management Studies (MMS) | CET, CAT, CMAT, MAT, ATMA | 6 | 26.12 |
| Management Development Institute | CAT, GMAT | 28.16 | 26.2 |
| Tata Institute of Social Sciences (MA) | CAT | 2.07 | 26.31 |
| Tata Institute of Social Sciences (HRM & LR) | CAT | 8.49 | 24.6 |
| IIM Mumbai – OSCM | CAT | 21 | 34.1 |
| IIM Mumbai – SM | CAT | 21 | |
| Department of Management Studies, Indian Institute of Science | CAT, GMAT | 5.42 | 26.8 |
| Indian Institute of Management Ahmedabad (FABM) | CAT | 25 | 20.11 |
| Indian Institute of Management Indore | CAT | 18.42 | 25 |
| Indian Institute of Management Lucknow PGP-ABM | CAT | 20.75 | 20.37 |
| Department of Management Studies, Indian Institute of Technology Delhi | CAT | 12 | 25.82 |
| NMIMS | NMAT | 25 | 25.13 |
| Symbiosis Institute of Business Management | SNAP | 24.9 | 28.8 |
| Symbiosis Centre for Management and Human Resource Development | SNAP | 24.12 | 21.47 |
| Great Lakes Institute of Management, Chennai | CAT, XAT, GMAT, NMAT | 22.65 | 17.3 |
| IIM-Raipur | CAT | 18 | 18.15 |
| IIM-Ranchi | CAT | 19.23 | 19.24 |
| IIM-Rohtak | CAT | 17.9 | 18.73 |
| IIM-Tiruchirappalli | CAT | 19.5 | 19.43 |
| IIM-Udaipur | CAT | 20.43 | 18.8 |
| Vinod Gupta School of Management, Indian Institute of Technology Kharagpur | CAT | 12.64 | 20.81 |
| Department of Management Studies, Indian Institute of Technology Madras | CAT | 13.55 | 16.93 |
| Jamnalal Bajaj Institute of Management Studies - MSc Finance | CAT, CET | 69 | 18.31 9.35 |
| Jamnalal Bajaj Institute of Management Studies - MHRD | CAT, CET | 6 | |
| Mudra Institute of Communications Ahmedabad | CAT, XAT, GMAT, MICAT | 26 | 19.22 |
| Xavier Institute of Management | CAT, XAT, GMAT, X-GMT | 24.2 | 19.53 |
| BITS School of Management | CAT, GMAT, GRE | 27.2 | 23.41 |
| Indian Institute of Management Ranchi | CAT | 17.5 | 19.02 |
| Department of Management Studies, Indian Institute of Technology Roorkee | CAT | 8.79 | 18.3 |
| Indian Institute of Management Amritsar | CAT | 17.3 | 15.51 |
| Indian Institute of Management Jammu | CAT | 17.15 | 16.54 |
| Indian Institute of Management Kashipur | CAT | 17.3 | 18.1 |
| Indian Institute of Management Ranchi | CAT | 17.5 | 19.87 |
| Indian Institute of Management Visakhapatnam | CAT | 19 | 15.61 |
| Department of Management Sciences, Indian Institute of Technology Kanpur | CAT | 13.5 | 18.2 |
| Masters' Union | CAT, GRE, GMAT, Own Test | 29.38 | 28.52 |
| Department of Financial Studies (DFS DU) (MBA Finance) | CAT | 2.3 | 15.1 |
| XIM University – MBA RM | CAT, XAT, GMAT, X-GMT | 24.2 | 12.5 |
| Indian Institute of Management, Nagpur | CAT | 18.9 | 18.07 |
| IIM Jammu – MBA (HA & HM) | CAT | 14.82 | 14.01 |
| Department of Humanities and Social Sciences, Indian Institute of Technology Kharagpur | CAT | 5.14 | 15.43 |
| Goa Institute of Management | CAT, XAT, GMAT | 20.4 | 14.81 |
| Great Lakes Institute of Management, Chennai (GLIM) – PGDM | CAT, XAT, GMAT | 20.8 | 15.1 |
| Great Lakes Institute of Management, Gurgaon (GLIM) – PGPM | CAT, XAT, GMAT, NMAT | 18.5 | 15.3 |
| International Management Institute | CAT, XAT, GMAT | 22.25 | 16.71 |
| International Management Institute | CAT, XAT, GMAT | 22.25 | 16.07 |
| Indian Institute of Management Bodh Gaya | CAT | 17.96 | 13.7 |
| Indian Institute of Management Sambalpur | CAT | 13.08 | 14.21 |
| Indian Institute of Management Sirmaur | CAT | 16 | 13.93 |
| Institute of Management Technology | CAT, GMAT, XAT | 19.53 | 16.25 |
| Institute of Rural Management Anand | CAT, XAT, CMAT | 16.8 | 14.14 |
| Jio Institute | CAT, GRE, GMAT, GATE, Own Test | 9.75 | 19.34 |
| SDA Bocconi Asia Center | CAT, NMAT, GMAT, Own Test, GRE | 20.75 | 15.01 |
| Sydenham Institute of Management Studies Research and Entrepreneurship Education | CET, CAT, CMAT | 4.38 | 15.19 |
| School of Management & Entrepreneurship, IIT Jodhpur | CAT | 8.56 | 11.77 |
| Narsee Monjee Institute of Management Studies | NMAT | 34 | 15.9 |
| Narsee Monjee Institute of Management Studies | NMAT | 20 | 17.85 |
| T. A. Pai Management Institute | CAT, XAT, GMAT, NMAT | 19.45 | 13.84 |
| University Business School | CAT | 2.3 | 12.95 |
| Xavier University, School of Human Resource Management | CAT, XAT, GMAT, X-GMT, NMAT | 24.2 | 17.02 |
| Birla Institute of Technology & Science Pilani | BAAT, CAT, XAT, GMAT | 10.87 | 14.63 |
| MBE Department of Business Economics Delhi (DBE DU) (MBA BE) | CAT | 3.24 | 14.41 |
| MIB Delhi School of Economics (DSE DU) (MBA HRD) | CAT | 1.07 | 14.9 |
| MIB Delhi School of Economics (DSE DU) (MBA IB) | CAT | 1.07 | 13.5 |
| SIOM – Nashik – MBA Operations | SNAP | 18.44 | 14.7 |
| XIM University – MBA SM | CAT, XAT, GMAT, X-GMT | 13.5 | 14.02 |
| IMT Ghaziabad – PGDM | CAT, GMAT, XAT | 20.8 | 16.25 |
| IMT Ghaziabad – PGDM Marketing | CAT, GMAT, XAT | 20.8 | 18.8 |
| IMT Ghaziabad – PGDM Finance | CAT, GMAT, XAT | 20.8 | 15.6 |
| IMT Ghaziabad – PGDM DCP | CAT, GMAT, XAT | 20.8 | 16.56 |
| IMT Ghaziabad – PGDM BFS | CAT, GMAT, XAT | 20.8 | 16.3 |
| IIM Sambalpur – MBA BA | CAT | 16.75 | |
| IIT Mandi – MBA | CAT | 5.5 | |
| IIT Guwahati – MBA | CAT | 5.55 | 10.13 |
| Indian Institute of Management Bodh Gaya | CAT | 11.1 | 14.96 |
| Indian Institute of Management Bodh Gaya | CAT | 13.3 | 14.96 |
| FORE School of Management | CAT, XAT, GMAT | 20.77 | 16.01 |
| Goa Institute of Management | CAT, XAT, GMAT, Own Test | 20.4 | 15.6 |
| Indian Institute of Management Sirmaur | CAT, GMAT | 17.5 | 11.82 |
| Symbiosis Institute of International Business | SNAP | 20.92 | 13.5 |
| T. A. Pai Management Institute | CAT, XAT, GMAT, NMAT | 19.45 | 12.97 |
| T. A. Pai Management Institute | CAT, XAT, GMAT, NMAT | 19.45 | 12.77 |
| T. A. Pai Management Institute | CAT, XAT, GMAT, NMAT | 19.45 | 13.35 |
| Shri Ram College Delhi – PGDM GBO | SRCC GBO | 4.7 | 12.5 |
| T. A. Pai Management Institute | CAT, XAT, GMAT, NMAT | 18 | 7 |
| IIM Sirmaur – MBA TTHM | CAT | 14.4 | 13.32 |
| MIB Delhi School of Economics (DSE DU) (MBA BA) | CAT | 1.96 | 14.4 |
| National Institute of Bank Management | CAT, XAT, CMAT, GMAT, GRE | 19.54 | 15.4 |
| Institute of Management, Nirma University | CAT | 12.1 | 11.22 |
| Symbiosis Center for Information Technology | SNAP | 16.79 | 11.58 |
| L. N. Welingkar Institute of Management Development & Research | CAT, XAT, CMAT, ATMA, GMAT | 16 | 13.17 |
| Goa Institute of Management | CAT, XAT, GMAT | 20.4 | 15.4 |
| Goa Institute of Management | CAT, XAT, GMAT | 20.4 | 14.25 |
| Indian Institute of Technology (Indian School of Mines) Dhanbad | CAT | 4 | 11.64 |
| K. J. Somaiya Institute of Management | CAT, XAT, GMAT, NMAT, CMAT | 22.32 | 12 |
| Lal Bahadur Shastri Institute of Management | CAT, XAT, GMAT | 17.25 | 12.24 |
| National Institute of Agricultural Extension Management | CAT | 8.75 | 12.38 |
| Management Development Institute | CAT, XAT, GMAT | 15.51 | 10.67 |
| Narsee Monjee Institute of Management Studies | NMAT | 19.54 | 13.6 |
| Narsee Monjee Institute of Management Studies | NMAT | 21.04 | 14 |
| Praxis Business School – PGP DS | Own Test | 6.05 | 13.5 |
| SIDTM Pune – MBA DTM | SNAP | 17.03 | 13.08 |
| Symbiosis Center for Information Technology | SNAP | 16.79 | 11.16 |
| SIBM Bengaluru – MBA + MBA BA + MBA QF | SNAP | 22 | 14.47 |
| Symbiosis Institute of International Business (SIIB) | SNAP | 14.92 | 10.04 |
| Symbiosis Institute of International Business (SIIB) | SNAP | 14.88 | 11.81 |
| L. N. Welingkar Institute of Management Development & Research | CAT, XAT, CMAT, ATMA, GMAT | 16 | 13.17 |
| L. N. Welingkar Institute of Management Development & Research | CET, CAT, CMAT | 9.8 | 11.2 |
| Institute of Management, Nirma University | CAT | 12.1 | 11.22 |
| GIM – PGDM IDA | CAT, XAT, GMAT | 20.4 | 14.1 |
| WE School – Mumbai – PGDM E-Business | CAT, XAT, GMAT, ATMA, CMAT | 14 | 12.47 |
| WE School – Mumbai – PGDM Business Design | CAT, XAT, GMAT, ATMA, CMAT | 14.17 | 13.2 |
| WE School – Mumbai – PGDM Retail Management | CAT, XAT, GMAT, ATMA, CMAT | 14.13 | 12.41 |
| WE School – Mumbai – PGDM Healthcare Management | CAT, XAT, GMAT, ATMA, CMAT | 14.87 | 12.6 |
| WE School – Mumbai – PGDM Rural Management | CAT, XAT, GMAT, ATMA, CMAT | 14.2 | 12.69 |
| WE School – Mumbai – PGDM Media & Entertainment | CAT, XAT, GMAT, ATMA, CMAT | 14 | 11.93 |
| Loyola Institute of Business Administration | CAT, XAT | 19.29 | 11.21 |
| School of Inspired Leadership | CAT, XAT, MAT, GMAT | 15.9 | 10.75 |
| SP Jain School of Global Management (Masters in Global Business) (MGB) | CAT, GMAT, GRE, Own Test | 33.13 | 19.85 |
| Bharathidasan Institute of Management | CAT, XAT, GMAT | 16.3 | 11.8 |
| Great Lakes Institute of Management, Gurgaon (GLIM) – PGDM | CAT, XAT, GMAT | 18.5 | 11.7 |
| IFMR Chennai – MBA | CAT, XAT, CMAT, NMAT, GMAT, GRE | 19.06 | 13.04 |
| Institute of Management Technology, Nagpur (IMT-N) (PGDM) | CAT, XAT, CMAT, GMAT | 15.12 | 10.8 |
| Narsee Monjee Institute of Management Studies | NMAT | 19.54 | 12.65 |
| Narsee Monjee Institute of Management Studies | NMAT | 17.54 | 12.4 |
| National Insurance Academy, Pune | CAT, XAT, CMAT | 14.5 | 12.74 |
| School of Inspired Leadership, Gurgaon (SOIL) (PGPM) | CAT, XAT, MAT, GMAT | 15.9 | 11.7 |
| Xavier Institute of Management (XIMB), Bhubaneshwar | CAT, XAT, GMAT | 22 | 9.8 |
| International Management Institute (IMI), Bhubaneswar | CAT, XAT, CMAT, GMAT | 16.3 | 12.02 |
| International Management Institute (IMI), Kolkata | CAT, XAT, CMAT, GMAT | 16 | 12.02 |
| NL Dalmia Institute of Management Studies and Research (PGDM) | CAT, XAT, CMAT, CET, MAT, ATMA, GMAT | 14.7 | 10.28 |
| Pandit Deendayal Energy University, formerly Pandit Deendayal Petroleum University | CAT, XAT, NMAT | 10.96 | 9.32 |
| Birla Institute of Management Technology (BIMTECH) | CAT, GMAT, XAT, CMAT | 14 | 11.1 |
| Christ University Institute of Management (CUIM), Bangalore | CAT, GMAT, XAT, CMAT, MAT, ATMA, GRE | 9.96 | 7.9 |
| FMS – BHU (MBA + MBA AB + MBA IB) | CAT | 3.98 | 11.3 |
| Institute of Management Technology, Hyderabad (PGDM) | CAT, XAT, CMAT, GMAT | 15.03 | 12.3 |
| Praxis Business School, Kolkata – PGDM | CAT, XAT, CMAT, GMAT, MAT, ATMA | 11.3 | 9.08 |
| Department of Management Sciences, Savitribai Phule Pune University | CET, CAT, CMAT, MAT, ATMA | 4.4 | 11.23 |
| School of Inspired Leadership, Gurgaon (SOIL) (PGPM HR) | CAT, XAT, MAT, GMAT | 15.9 | 10.5 |
| SDMIMD Mysore | CAT, XAT, CMAT, ATMA, GMAT, MAT | 12.7 | 10 |
| SIMS Pune – MBA | SNAP | 14.68 | 10.12 |
| Symbiosis school of banking and finance, Pune | SNAP | 18.23 | 10.8 |
| L. N. Welingkar Institute of Management Development & Research | CAT, XAT, CMAT, ATMA, GMAT | 16 | 11.11 |
| Xavier University, School of Rural Management (MBA RM) | CAT, XAT, GMAT, X-GMT, NMAT | 16.2 | 11.5 |
| XIME Bangalore (PGDM + PGDM Business Analytics) | GMAT, CMAT, CAT, MAT, ATMA, XAT | 14.87 | 10.7 |
| Birla Institute of Management Technology (BIMTECH) | CAT, GMAT, XAT, CMAT, MAT | 13 | 11.1 |
| WE School – Bengaluru – PGDM E-Business | CAT, XAT, GMAT, ATMA, CMAT | 14 | 10.78 |
| WE School – Bengaluru | CAT, XAT, GMAT, ATMA, CMAT | 14.15 | 10.9 |
| Delhi School of Management, Delhi | CAT | 4 | 7.5 |
| DMS – NIT Trichy | CAT | 3.17 | 7.9 |
| FLAME University | CAT, XAT, NMAT, MAT, CMAT, MH-CET, GMAT | 19.7 | 9.46 |
| IFHE, IBS Hyderabad | CAT, NMAT, GMAT, IBSAT | 17.01 | 10.42 |
| Indian Institute of Forest Management | CAT, XAT, GMAT, CMAT, MAT | 11.8 | 10.38 |
| Indian Institute of Social Welfare & Business Management | CAT | 9 | 9 |
| NIT, Calicut | CAT, CMAT | 4.8 | 9.63 |
| SIES School of Business Studies | CAT, XAT, CMAT, ATMA, GMAT, MAT | 12 | 9.1 |
| Symbiosis Institute of Business Management, Hyderabad (SIBM) | SNAP | 17.47 | 8.9 |
| Vivekanand Business School | CAT, XAT, MAT, CMAT, ATMA, CET, GMAT | 9.5 | 8.5 |
| St Joseph's Institute of Management | CAT, XAT, GMAT, CMAT, MAT, ATMA | 9.8 | 9 |
| Chetana's R. K. Institute of Management and Research | CET, CAT, MAT, XAT, ATMA, CMAT | 4.2 | 7 |
| ICFAI Business School – IBS | CAT, NMAT, IBSAT, XAT, GMAT | 9.09 | 8.03 |
| IMS Ghaziabad – PGDM | CAT, MAT, CMAT, XAT | 9.5 | 9.23 |
| ISBR Business School | CAT, XAT, MAT, CMAT, ATMA, NMAT, GMAT, KMAT, PGCET, Own Test | 10.11 | 8.01 |
| Mahindra University – School of Management | CAT, GMAT, GRE, Own Test | 22.2 | 8.6 |
| Amrut Mody School of Management, Ahmedabad University | CAT, XAT, NMAT, GMAT, GRE, CMAT | 10 | 6.66 |
| K. J. Somaiya | CAT, XAT, GMAT, NMAT, CMAT | 22.32 | 8.23 |
| LM Thapar School of Management | CAT, NMAT, XAT, CMAT, MAT, GMAT, GRE, SNAP, Own Test | 13.5 | 8.17 |
| GNIOT Institute of Management Studies (GIMS) | CAT | 8.43 | 5.86 |
| Scaler School of Business | CAT, GMAT, GRE | 21.75 | 25 |
| IES MCRC | CAT, MAT, ATMA, XAT, GMAT, CMAT, CET | 8.8 | |
| IES MCRC | CAT, MAT, ATMA, XAT, GMAT, CMAT, CET | 8.8 | |
| CEPT University | CAT, CMAT, GMAT, XAT, GRE, CUET PG, ATMA, MAT, Own Test | 7.6 |
We recommend consulting with your mentor to determine which program best suits your needs. To review the complete ranking methodology and parameters, please refer to the end of this guide.
10 Indian Top MBA Colleges: 2nd - Tier MBA Institutions.
The following compilation features MBA institutions that may not meet the criteria for exceptional ROI, outstanding placement salaries, or top rankings among students, yet they provide solid ROI and above-average placement packages. These business schools also deliver relevant industry-focused curricula and meet student expectations. It’s advisable to explore these second-tier MBA colleges if admission to tier-1 institutions proves challenging.
| MBA Colleges in India | Classification | Exams Accepted | Fees (Rs. Lakhs) | Average Salary (LPA) |
|---|---|---|---|---|
| Great Lakes Institute of Management, Chennai (GLIM) (PGPM) | A4 | CAT, XAT, GMAT, NMAT | 21.25 | 18.10 |
| IIM-Raipur (PGP) | A4 | CAT | 16.28 | 19.7 |
| IIM-Ranchi (MBA) | A4 | CAT | 17.50 | 18.69 |
| IIM-Rohtak (PGP) | A4 | CAT | 17.90 | 19.27 |
| IIM-Trichy (PGPM + PGPM-HR) | A4 | CAT | 19.70 | 19.43 |
| IIM-U (MBA) | A4 | CAT | 20.50 | 20.3 |
| IIT KGP (VGSOM) (MBA) | A4 | CAT | 12.70 | 20.83 |
| IIT-M (DOMS) (MBA) | A4 | CAT | 10.99 | 16.93 |
| JBIMS (MSc Finance) | A4 | CAT, CET | 9.00 | 19.35 |
| MICA, Ahmedabad (PGDM-C + PGDM) | A4 | CAT, XAT, GMAT + MICAT | 23.00 | 20.09 |
Leading MBA Institutions in Mumbai
Here’s a compilation of the top 5 MBA institutions in Mumbai, encompassing both private and public colleges. Each of these Mumbai-based MBA institutions delivers world-class management education. The cost of MBA programs in Mumbai is between ₹2 lakhs and ₹25 lakhs per year.
| Institute Name | Classification | Tests Accepted | Fees (In Lac) | Final Placement (Avg. in LPA) |
|---|---|---|---|---|
| S. P. Jain Institute of Management and Research | A1 (CDC) | CAT, GMAT | 22.5 | 33 |
| Indian Institute of Management Mumbai | A2 | CAT | 21 | 33.84 |
| JBIMS Mumbai | A2 | CET, CAT, CMAT, MAT, ATMA | 6 | 26.12 |
| TISS Mumbai (HRM & LR) | A2 | CAT | 2.07 | 26.31 |
| NMIMS Mumbai | A3 | NMAT | 25 | 25.13 |
Premier MBA Institutions in Hyderabad
Hyderabad extends beyond its reputation as a technology hub and engineering graduate center. The city hosts several premier MBA institutions offering programs across diverse specializations. For those considering a management career, exploring these top Hyderabad MBA colleges with fee details and placement information is worthwhile.
| Institute | Avg Package (LPA) | Fees (₹ Lakhs) |
|---|---|---|
| ISB Hyderabad | 34.21 | 29.99 |
| NMIMS Hyderabad | 13.01 | 19.54 |
| IMT Hyderabad | 12.3 | 15.03 |
| MANAGE Hyderabad | 12.33 | 8.75 |
| SIBM Hyderabad | 9.30 | 17.47 |
Top MBA Institutions in Delhi
The following table outlines Delhi’s premier MBA colleges with fee information and accepted entrance examinations for various institutions. Interestingly the Faculty of Management Studies (FMS) has the highest average salary of ₹34.10 LPA and relatively low fees of ₹4.92 lakhs and also accepts CAT examination scores.
| Institute Name | Exams Accepted | Fees (Rs. Lakhs) | Average Salary (LPA) |
|---|---|---|---|
| FMS | CAT | 4.92 | 34.10 |
| IIT, Delhi | CAT | 11.20 | 17.60 |
| IMI Delhi – PGDM | CAT, XAT, GMAT | 22.25 | 17.20 |
| Shri Ram College Delhi – PGDM GBO | SRCC GBO | 4.70 | 10.88 |
| MIB Delhi School of Economics (DSE DU) | CAT | 2.30 | 14.00 |
| MIB Delhi School of Economics (DSE DU)(MBA IB) | CAT | 2.30 | 13.94 |
| Delhi School of Management | CAT | 4.00 | 7.50 |
Leading MBA Institutions in Chennai
| Institute Name | Exams Accepted | Fees (Rs. Lakhs) | Average Salary (LPA) |
|---|---|---|---|
| IIT Madras | CAT | 10 – 17 Lakhs | 18.00 |
| Great Lakes Institute of Management, Chennai | CAT, XAT, GMAT, NMAT | 18.50 – 22.65 Lakhs | 17.00 |
| Loyola Institute of Business Administration (LIBA), Chennai | CAT, XAT | 19.29 Lakhs | 11.00 |
| Hindustan Institute of Technology and Science – [HITS], Chennai | CAT, MAT | 3 – 4 Lakhs | 7.50 |
| College of Engineering, Anna University – [CEG], Chennai | MAT, ATMA, XAT, TANCET, CAT, CMAT | 6 – 12 Lakhs | 8.54 |
Ranking Methodology for Classifying India's Premier MBA Institutions
Having its reputation of excellence in management entrance training, TS has decades of relations with the leading MBA institutions in India. Our mentors, who are alumni of the finest MBA colleges, have had the privilege of instructing students in premier business programs. Through these diverse interactions, we’ve developed a thoroughly researched, expert-validated, and carefully curated compilation of India’s top MBA institutions with comprehensive fee structures. However, we encourage you to review the ranking parameters used for college classification.
Beyond our mentors’ informed perspectives, we’ve incorporated publicly available information. While this data is freely accessible, it’s not always easily obtainable by everyone. Our mentors invested weeks in compiling verified data from government reports and institutional publications. All the ranking factors were properly weightaged and considered to make up an inclusive list of the best MBA schools in India.
Essential Parameters for Classifying India's Best MBA Institutions
We’ve compiled India’s finest MBA institutions using several key parameters based on factors including fees, placement data, ROI, institutional brand value, and mentor opinions.
Placement Data – Average data for final and summer placements is analyzed.
Student ROI – Total degree cost, including accommodation expenses and investment recovery timeframe. This represents the most crucial consideration for students and parents before educational investment.
Entrance Test Cutoffs – MBA school cutoffs serve as key indicators of result quality and the caliber of admitted students.
Brand and Legacy Value – This encompasses external and internal institutional perception among students and mentors.
Mentor Opinions – Perspectives from former students, mentors, and expert evaluations play pivotal roles in shaping college perceptions.
Let’s examine these parameters in detail:
Beyond our mentors’ informed perspectives, we’ve incorporated publicly available information. While this data is freely accessible, it’s not always easily obtainable by everyone. Our mentors invested weeks in compiling verified data from government reports and institutional publications. All the ranking factors were properly weightaged and considered to make up an inclusive list of the best MBA schools in India.
How Valuable are MBA College Placement Records in India?
Campus placements provide useful insights for evaluating business school quality to some extent. However, standardized or reliable reporting on business school placement data remains limited, offering fairly accessible information. Business schools can boast of as much as 100 % placement records. Such assertions shouldn’t be accepted uncritically and require careful scrutiny.
Furthermore, placement figures presented by business schools focus only on short-term outcomes. Long-term benefits of a placement cannot be calculated merely based on placement statistics. Previously, IIM Ahmedabad introduced the Indian Placement Reporting Standards (IPRS), but most business schools haven’t adopted it. Nearly every aspirant maintains keen interest in post-MBA salary expectations. They’re equally concerned about job quality and career prospects.
Although the results of students cannot be fully depended upon placement statistics including highest, average, and median salaries only, they present the only easily accessible source of clean data. With this in mind we have used placement information as one of the conditions of coming up with this list of the best MBA colleges in India but that is not the only condition.
Why is MBA College ROI Important for Students?
Attaining an MBA degree in a good business school is a great investment of time, money and effort. Many colleges charge excessive fees without providing corresponding value for investment. However, most top MBA programs deliver excellent long-term returns through courses, facilities, and placements offered. This enables rapid investment cost recovery and equity building. We’ve employed this parameter to evaluate how effectively colleges help build careers in the right direction. As we progress down the list, this parameter gains greater importance, considering that substantial spending on programs with minimal returns constitutes poor investment.
The Effect of Entrance Test Cutoffs on MBA College Brand Value?
While CAT remains the most popular management entrance examination, numerous other tests enable students to gain admission to India’s best MBA colleges. Regardless of the test, generally, higher cutoffs indicate better incoming student quality. Though colleges maintain consistent cutoffs, they aim to cultivate student bodies with varied capabilities and diverse profiles.
Superior students generate better institutional outcomes, subsequently adding immense brand value. Conversely, college brand value helps students secure better positions in superior companies, accelerating career growth. Moreover, given that peer groups in top MBA colleges significantly influence learning, higher student quality ensures greater exposure, enhanced discussions, and diverse perspectives.
What is the determination of MBA College Brand and Legacy Value?
An institution’s reputation constitutes its brand value, serving as a crucial factor among aspirants for institutional perception. Brand and legacy values are grounded on the employer reviews, academic perception and peer perception. Often, institutional age contributes to legacy development.
It’s apparent even to casual observers of the ‘MBA world’ that stronger brands yield better placements. This provides an immediate yet meaningful method for assessing business school brand impact on post-MBA prospects. A ‘strong business school brand’ will definitively advance more rewarding career prospects.
Key Considerations:
Typically, established business schools maintain better reputations than newer institutions.
However, surface-level generalizations should be avoided. Situations may arise where older, well-established business schools begin new campuses with limited support. Parent campus support may be restricted and might not provide comprehensive assistance including faculty support, admissions, or placement support.
It should focus less on short term benefits such as salary packages and more on the long term benefits and quality. Long-term association with reputable business school brands can outweigh transient benefits such as ‘salary’.
Graduating with top business school brand value, particularly from IIMs, provides expanded opportunities for working in national and international corporations.
How Do Mentor Opinions Shape Student Perceptions?
Throughout the decades since TS established India’s first management training program, our mentors have gained tremendous firsthand experience regarding management degree requirements. They’ve trained students for admission to the finest business schools in India and abroad, witnessing their career trajectories flourish. This accumulated knowledge translates into well-informed subjective opinions that carry significant weight for our students.
Important Notes: Many business schools make exaggerated claims that cannot possibly be supported with verified data. It’s common practice to inflate CTC and placement numbers for enhanced attractiveness. It’s your responsibility to assess each claim’s accuracy through extensive college research. Study their websites thoroughly, contact alumni, professors, and other stakeholders to gain better college understanding.
Moreover, don’t blindly follow others’ opinions. Studying at India’s top MBA colleges involves significant personal drive, growth, and individual assessment. A school that might be perfect for someone else might not suit you. In our effort to streamline this process and assist MBA aspirants in identifying the best MBA colleges for them, we release an updated list of India’s best MBA colleges annually.
How Should One Choose India's Best MBA College?
The choice of the best MBA colleges in India is determined mainly on objective and subjective criteria. These parameters facilitate filtering institutions that perfectly match your profile. Initially, each student must identify their non-negotiables:
- What are your expectations from a top business school?
- Are you seeking residential or non-residential programs?
- Are there any preferences of regions and cities?
- What is your academic proficiency and aptitude level?
- To what extent are you prepared to spend time?
- What financial flexibility do you possess?
- What are your broader career objectives?
Having answered these questions, you will be able to start analyzing all the best MBA colleges in India.Each MBA college offers unique advantages. You can get great college life, brand value, legacy value, high ROI or special placement.Each of India’s best business schools provides incredible opportunities preparing you not just for corporate careers but also for entrepreneurship and leadership.
