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Top 20 Colleges for MBA in India: Accelerate your Career

Top 20 Colleges for MBA in India

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Top 20 Colleges for MBA in India: Accelerate your Career

Want to pursue your graduate degree in Master of Business Administration (MBA) in top colleges in India? Well, there are several of these colleges aka business schools (or B-Schools) in the country, most of which are widely renowned for providing quality learning, knowledgeable faculties, and a constant flow of student admissions every year. There are top colleges for MBA in India including the Indian Institutes of Management (IIM), FMS Delhi University, IMT, IIT, XLRI, MDI, ISB, SPJIMR, and many more.

 Top 20 Colleges for MBA in India

Having a Master’s in Business Administration (MBA) degree opens door to a multitude of opportunities not only in the financial sector but in other areas of job or career as well. For instance, a person holding an MBA degree can apply for jobs or render services, which may include but are not limited to the ones stated as:

Business Analytics
Business Administration
Accounting Applied Statistics
Investment Management
Entrepreneurship
Marketing
Financial Consultation

Students are usually offered several types of courses in business administration through programs, such as undergraduate, graduate, post-graduate (PGP), doctoral, executive, and others. Students are required to clear certain criteria, like entrance exams, cut-off scores, etc. in order to secure their seats in such institutions.

What is the duration of an MBA Programme?

The duration of an MBA program can usually range from 1 to 5 years, depending on the type of program a student chooses for obtaining his/her degree MBA.

What are the Different Types of MBA Programmes Available to Students?

There are six types of MBA programs that are currently offered to students. These include:

(a) One year MBA
(b) Two year MBA
(c) Doctoral MBA
(d) Executive MBA
(e) Part-Time MBA
(f) Online MBA

Here, we’re going to list some of the top colleges for pursuing MBA in India to help brush your skills in business analysis and management and achieve the goals that you dream of.

20 Best Colleges to Study MBA in India

The following are the names of the top 20 colleges in India to pursue an MBA degree.

1. Indian Institutes of Management (IIM)

Indian Institutes of Management (IIM)
Source: dnaindia.com

One of India’s most popular and top-rated business schools for pursuing an MBA graduate degree is the Indian Institutes of Management (IIM). This business administration institution was first established in the year 1961 in the state of Kolkata (formerly Calcutta) which was called the Indian Institute of Management Calcutta.

Later, several more of these IIMs were established in various cities, like IIM Ahmedabad, IIM Amritsar, IIM Bangalore, IIM Bodh Gaya (Bihar), IIM Indore, IIM Jammu, IIM Kashipur (Uttarakhand), IIM Kozhikode (Kerela), IIM Lucknow, IIM Nagpur, IIM Raipur (Chhattisgarh), IIM Ranchi (Jharkhand), IIM Rohtak (Haryana), IIM Sambalpur (Odisha), IIM Shillong, IIM Sirmaur (Himachal Pradesh), IIM Tiruchirappalli (Tamil Nadu), IIM Udaipur (Rajasthan) and IIM Visakhapatnam (Andhra Pradesh). This makes a total of 20 IIMs throughout India.

Entrance Exam

Accepts CAT (Domestic)/GMAT/GRE (Overseas) exam scores for admission.

Depends on the program chosen by students.

Fees

The average starting fees for pursuing MBA at an IIM in India can cost INR 10,00,000 and above. However, fees may vary based on the program structure, duration, and location of the IIM business school.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

If you reside in any of these cities in India and are keen on taking up MBA as your graduation program, you can apply to the IIM business school at your location.

2. SPJIMR Mumbai

SPJIMR Mumbai
Source: shiksha.com

S. P. Jain Institute of Management and Research (SPJIMR) is one of the leading schools of management in the heart of India’s financial center, Mumbai. It is also a part of the Bharatiya Vidya Bhavan and functions as an autonomous institute with entrepreneurial agility. It consistently performs well and ranks amongst the top ten management institutes in India. This B-school offers a broad spectrum of programs and courses for postgraduates, executives, entrepreneurs, non-profits, government returning women, and family businesses. SPJIMR currently offers five full-time residential programs.

Post Graduate Diploma in Management (PGDM)
Post Graduate Programme in Management (PGPM)
GMP – Global Management Programme (GMP)
Post Graduate Management Programme for Women (PGMPW)
Fellow Programme in Management (FPM)
Post-Graduate Family Managed Business (PGFMB) program
Post Graduate Executive Management Programme (PGEMP)
Post Graduate Programme in Development Management (PGP-DM)

Their PGEMP program is a modular program designed for experienced professionals who are unable to take a career break for further education.

SPJIMR is noted as much for its academic excellence as it is for its innovative programs, entrepreneurial approach, and the idea of service to society. The institute has seen shown good progress in a number of areas like curriculum enhancement, industry engagement, external standing, infrastructure, new faculty hiring, research culture, and new initiatives like ‘The Centre for Financial Studies.

Entrance Exam

Accepts CAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

3. IIFT New Delhi

IIFT New Delhi
Source: oneyearmba.co.in

The Indian Institute of Foreign Trade (IIFT) in Delhi is among the top MBA colleges in India that offer MBAs in International Business. It was established in 1963 by the Government of India as an autonomous organization and as a Centre of Excellence in International Trade and Business, IIFT is the dream destination for many MBA aspirants who wish to pursue MBA (IB). Starting as a think tank for the Government, IIFT moved on to become a business school. Past few years, IIFT established itself as one of the top business schools in India with a special focus on Trade and Finance.

IIFT Delhi offers the following MBA programs to students:

Two Years Full-Time MBA Program (International Business)
Three Years Weekend MBA Program (International Business)
Two Years Full-Time MA Program (Economics)
On-Campus Executive Post Graduate Diploma in International Business Program (EPGDIB)
Online Executive Post Graduate Diploma in International Marketing Program (EPGDIM)
Executive Post Graduate Diploma in International Business Strategy Program (EPGDIBS)
Full Time/Part Time Doctoral Programme

Entrance Exam

Accepts IIFT exam score for admission.

Depends on the program chosen by students.

Fees

Fees for a Two Year full-time MBA (IB) course cost around INR 18.25 lakhs.

Other fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

4. MDI Gurgaon

MDI Gurgaon
Source: mdi.ac.in

The Management Development Institute (MDI) Gurgaon is one of the top 10 B schools in India and a front runner in setting the precedents among B schools on quality management education with a high placement record. The B-school is one of the top dream campus places for CAT aspirants and it is highly preferred to many IIMs when it comes to pursuing their PGDM from this coveted institute. MDI Gurgaon has recently redesigned and streamlined its curriculum and course delivery in all programs to make the programs Industry-relevant and has recruited the best faculty from across the globe who can contribute to teaching and research.

A two-year full-time Post-Graduate Diploma in Management (PGDM) at MDI Gurgaon has consistently been ranked among the top management programs in the country. Other programs offered are PGPM, PGP-IM, and PGP-HRM.

Entrance Exam

Accepts CAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

5. NMIMS Mumbai

NMIMS Mumbai

The Narsee Monjee Institute of Management Studies (NMIMS) Mumbai has expanded to several schools offering many programs in various disciplines. The institute is ranked in the top 10 B-schools in India. MBA programs under the purview of the School of Business Management (SBM) at the Mumbai campus; and MBA programs under ‘The School of Management at Bengaluru, Hyderabad, Indore, and Navi Mumbai campuses offer experiential learning tailored to professional development that sets the foundation for a lifelong impact.

The NMIMS School of Business Management, Mumbai is one of the top highly ranked management institutes in India. The School of Business Management (SBM) of NMIMS, Deemed to be a University (as per UGC Norms) is one of India’s premier business schools. They also offer executive education programs for professionals. They shortlist the MBA aspirants on the basis of the NMAT by GMAC which is a yearly exam. The SBM-NMIMS Mumbai offers a wide range of MBA programs, both general management and specialized areas, to suit industry requirements and make a student future-ready.

Entrance Exam

Accepts NMAT exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

6. XLRI Jamshedpur

XLRI Jamshedpur
Source: indianexpress.com

The Xavier School of Management (XLRI) in Jamshedpur is a premier, private management institute for MBA in India. It is one of the oldest management institutes in the country and was founded by Fr Quinn Enright, S.J. in the year 1949. Over the last few decades, the XLRI business college in Jamshedpur has grown into a top-ranking business management school of international repute with a large portfolio of management programs and research publications. XLRI alumni are spread all over the globe and have demonstrated responsible business leadership in their organizations.

XLRI offers Business Management (PGDM-BM); Human Resource Management (PGDM-HRM) and Executive-PGDM programs. The B-school conducts and accepts XAT scores for admission to its flagship program. XLRI Jamshedpur is also AACSB and AMBA Accreditated B-school. They have also earned the Accreditation from the National Board of Accreditation (NBA).

Entrance Exam

Accepts XAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

7. ISB Hyderabad

ISB Hyderabad

The Indian School of Business (ISB) Hyderabad has evolved from the need for a world-class business school in Asia to becoming among the top MBA colleges in India for one year MBA program. They are committed to creating leaders with a global perspective through its innovative programs, outstanding faculty, and thought leadership. Funded entirely by private corporations, individuals, and foundations from across the world who believe in their vision, the ISB is a not-for-profit organization.

Entrance Exam

Accepts GRE/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

8. IMI Delhi

IMI Delhi
Source: shiksha.com

The International Management Institute (IMI) in Delhi is India’s first corporate-sponsored Business School founded in the year 1981 with the original campus located in New Delhi. IMI New Delhi has been consistently ranked among the top 10 Business Schools in the country and among the top 5 private Business Schools. It is recognized by the UK-based Association of MBAs (AMBA), one of the top three international accreditation bodies for Business Schools globally. IMI offers three full-time two years duration PGDM programs, which are PGDM, PGDM (HRM), and PGDM (B&FS), respectively.

Entrance Exam

Accepts CAT/XAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

9. NITIE Mumbai

NITIE Mumbai
Source: shiksha.com

The National Institute of Industrial Engineering (NITIE), Mumbai provides an excellent platform to the students who aspire to become leaders of tomorrow. They are recognized as one of the 15 centers of excellence by the Ministry of HRD, Govt. of India. Over the years, they earned the reputation of being the facilitator of the process of development of the best engineering brains of the country into the best business ones.

Entrance Exam

Accepts CAT/Other Entrance exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

10. SJMSOM-IIT BOMBAY

SJMSOM-IIT BOMBAY
Source: insideiim.com

The Indian Institute of Technology (IIT), Bombay was before known as the Shailesh J. Mehta School of Management (SJMSOM) and in the year 2000, it was changed to the IIT BOMBAY. The institute was named after Dr. Shailesh J. Mehta, who was a distinguished alumnus of IIT Bombay and a generous contributor to the school. IIT Bombay was established to promote interdisciplinary learning and to keep up with the changing environment, with the objective of transforming professionals with technological backgrounds into the rejuvenation leaders of tomorrow.

The School Of Management has already led the way in preparing its graduates to respond to the new challenges by drawing on the varied intellectual resources of IIT Bombay and also providing an outstanding and innovative program in management education.

Entrance Exam

Accepts CAT exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

11. JBIMS Mumbai

JBIMS Mumbai
Source: oneyearmba.co.in

The Jamnalal Bajaj Institute of Management Studies (JBIMS) is one of the top MBA colleges in India. Most of the visiting faculty members at JBIMS are corporate leaders who also happen to be alumni of JBIMS. Their guest lectures also give some direct insight into the present modern industry requirement and future vision. There is a large alumni base working as CEOs and top executives across the globe in top-ranked companies.

Entrance Exam

Accepts CAT/CMAT/MAH CET exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

12. Xavier University Bhubaneswar (XUB)

Xavier University Bhubaneswar (XUB)
Source: collegedunia.com

Xavier University Bhubaneswar (XUB) is a quality institute delivering quality management education to quality students from the world over. XIMB (Xavier Institute of Management Bhubaneswar) is the front-runner management institute of Xavier University. For around 33 years, XIMB has been recognized as a premier and best Business School in the country. XUB hosts eleven schools offering Doctoral, Master’s, and Undergraduate programs for higher learning.

The University has been created in accordance with The Xavier University, Odisha Act, 2013. It is registered under UGC and is a member of the Association of Indian Universities (AIU). It is a private self-financing institution of higher learning studies for imparting professional and technical education. They have also partnered with Emlyon Business School, France to create XAVIER-EMLYON Business School (XEBS).

Entrance Exam

Accepts CAT/XAT/X-GMT/GMAT/NMAT/GATE exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

13. IIT Delhi

IIT Delhi
Source: indianexpress.com

The Indian Institute of Technology (IIT) in Delhi is among the best MBA colleges in India. Their MBA program is designed keeping in mind the changes in the business environment and the need of the industry. MBA at IIT Delhi is comparable to the best that is available in the world-class business schools for creating managers to face the new challenges of the ever-changing market environment.

The Department of Management Studies (DMS) which offers MBA programs currently runs a two-year full-time MBA program (General and with a focus on Telecommunication Systems Management) and a three-year part-time Executive MBA program (with a focus on Technology Management).

Entrance Exam

Accepts CAT exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

14. IMT Ghaziabad

IMT Ghaziabad
Source: hrkatha.com

The Institute of Management Technology (IMT) in Ghaziabad is a pioneer in offering top-class management education in the private sector in India. Its management programs are grounded on the belief that managerial competencies must be married to technology to ensure the most impactful management practices. The programs are pro­filed appropriately with the developing skill needs of the business world, contemporary, and also for future, in order to remain relevant to the ever-changing world. It is an AACSB re-accredited and NBA-approved institute.

Entrance Exam

Accepts CAT/XAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

15. SCMHRD Pune

SCMHRD Pune
Source: insideiim.com

The Symbiosis Centre For Management And Human Resource Development (SCMHRD) institute in Pune is a highly ranked B-school. The MBA program of SCMHRD Pune is one of the most respected programs in India. They are well-known for specializing in producing quality talent in the fields of HR, Marketing, Finance, Operations, Infrastructure Management, and Business Analytics.

SCMHRD offers UGC-recognised Symbiosis International University (SIU) affiliated MBA degree programs. It is a member of the International Accreditation Agency AACSB.

Entrance Exam

Accepts SNAP exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

16. FMS New Delhi

FMS New Delhi
Source: businessworld.in

The Faculty of Management Studies (FMS) is one of the oldest B-Schools in the country, established in 1954 under the aegis of the University of Delhi, and is a part of this Central University. It is one of the premier MBA colleges in India and is in the league of the top three IIMs. Quality education, with a low fee structure and excellent placement opportunities make FMS, New Delhi one of the highest RoI B-schools in India.

Entrance Exam

Accepts CAT exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

17. JAGSoM Bangalore

JAGSoM Bangalore
Source: jagsom.com

The Jagdish Sheth School of Management (JAGSoM), Bangalore is come amongst the top first 6 business schools in India to be awarded the AACSB accreditation. The institute is ranked globally in QS Masters Global Ranking 2022 in 101+ Band for PGDM Marketing, 101+ Band for PGDM Analytics, and 151+ Band in PGDM Finance.

Entrance Exam

Accepts CAT/XAT/MAT/CMAT/NMAT/GMAT/Own Entrance exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

18. SIBM Pune

SIBM Pune
Source: indianexpress.com

The Symbiosis Institute of Business Management (SIBM), Pune is a premier B-School of India recognized for its excellence in academics, high-quality management program, and its valuable contributions to the industry, society, and every student. SIBM Pune was ranked 18th in the NIRF B-School ranking by the Ministry of Human Resource Development, Government of India. WBR Corp, a topmost leading Brand Management Consultancy firm in Asia, has conferred SIBM Pune with National Education Excellence Award 2018. The two-year full-time residential MBA program is the flagship program offered by SIBM Pune.

Entrance Exam

Accepts SNAP exam score for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

19. PUMBA: Department of Management Sciences University of Pune

PUMBA: Department of Management Sciences University of Pune
Source: pumba.in

The Department of Management Sciences (PUMBA), Savitribai Phule Pune University is one of the oldest Public Universities offering an MBA program in India. The University was granted the highest rating by the National Council of Assessment and Accreditation (NCAA), Bangalore. It was also presented with an institutional-grade ‘A’ with Five Stars making it one of the very few Universities in the country to have been so recognized. The topmost program offered by PUMBA is MBA++.

Entrance Exam

Accepts CAT/CMAT/MAH CET exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA program.

20. TAPMI Manipal

TAPMI Manipal
Source: careers360.com

The T. A. Pai Management Institute (TAPMI) in Manipal, Karnataka, is approved by both the Association of MBAs (AMBA) and as well as The Association to Advance Collegiate Schools of Business (AACSB) International. The institute is consistently ranked among the top 1% of B-Schools in India. The institute has become a constituent unit of the Manipal Academy of Higher Education (MAHE). Consequently, from now on TAPMI will offer MBA Degree programs instead of PGDM programs, subject to all regulatory clearances.

TAPMI offers the following two years full-time MBA programs:

MBA
MBA (BKFS)
MBA (HRM)
MBA (Marketing)

Entrance Exam

Accepts CAT/XAT/GMAT exam scores for admission.

Depends on the program chosen by students.

Fees

Fees may vary based on the program structure and duration.

Additional fees for tuition, boarding, security deposit, etc. may also be included in pursuing an MBA programme.

Wrapping Up

With so many top MBA colleges in India to choose from, you can also make your own selection, considering the fees required to pursue the business management program you see fit.

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