The Best MBA Colleges in India – Complete List of Top-Ranked Institutes!

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The Best MBA Colleges in India – Complete List of Top-Ranked Institutes!

There are more than 3,000 business schools in India for students to choose the right one. But it is not very clear. So, how do you pick the best B-school that matches your career goals, ambitions, and plans from the long list of MBA colleges in India, including the top IIMs and many private colleges that offer quality management education?

Don’t worry! We are here to guide you. In this blog, we will cover the top MBA colleges in India.

To start, each student should identify their must-haves:

  • What do you expect from a top business school?
  • Are you looking for a residential or non-residential program?
  • Do you prefer specific regions or cities?
  • What is your academic skill level and aptitude?
  • How much time can you dedicate to your preparation?
  • What is your financial situation?
  • What are your long-term career goals?

Once you have answers to these questions, you can begin evaluating top MBA colleges in India based on these criteria. Each MBA college has its uniqueness; some provide an excellent college experience, others are known for their return on investment (ROI), and some specialize in exclusive placements in sought-after roles and fields. The best business schools in India offer great opportunities and a range of experiences that prepare you not only for a corporate job but also for entrepreneurship and leadership.

Top MBA Colleges in India

 

The Top MBA Colleges in India:

Institute Name

IMS Classification Exams 

Accepted

Fees (Rs. Lakhs)

Average Salary (LPA)

Faculty of Management Studies, University of Delhi (FMS)

A1 (CDC)

34.10

4.92

CAT

Indian Institute of Management, Ahmedabad (IIM-A) (PGP)

A1 (CDC)

34.45

24.61

CAT

Indian Institute of Management, Bangalore (IIM-B) (PGP + PGPBA)

A1 (CDC)

32.5

24.7

CAT

SVKM’s NMIMS, Mumbai (MBA Core)

A3

26.63

25.84

NMAT

Symbiosis Institute of Business Management, Pune (SIBM-Pune) (MBA)

A3

28.16

26.8

SNAP

Indian Institute of Management, Kozhikode (IIM-K) (PGP + PGP-Finance + PGP-LSM)

A1 (CDC)

28.05

20.50

CAT

Indian Institute of Management, Lucknow (IIM-L) (PGP + PGP-ABM)

A1 (CDC)

30.00

20.75

CAT

Indian School of Business (ISB) (PGP)

A1 (CDC)

33.26

41.78

GMAT, GRE

S. P. Jain Institute of Management and Research (SPJIMR) (PGDM)

A1 (CDC)

33.02

21

CAT, GMAT

XLRI – Xavier School of Management, Jamshedpur (XLRI) (PGDBM + PGDHRM)

A1 (CDC)

32.70

28.6

XAT

Indian Institute of Foreign Trade (IIFT) (MBA-IB)

A2

29.10

21.78

CAT

Indian Institute of Management Mumbai (IIM Mumbai)

A2

33.8

21

CAT

Indian Institute of Management, Calcutta (IIM-C) (PGDBA)

A2

29.71

25.00

PGDBA

Indian Institute Of Management, Shillong (IIM-Shillong) (PGP)

A2

26.1

22.71

CAT

Indian Institute of Science, Bangalore (IISc) (M.Mgt)

A2

26.80

5.42

CAT, GMAT

Jamnalal Bajaj Institute of Management Studies (JBIMS) (MMS)

A2

26.00

9.00

CET, CAT, CMAT

Indian Institute of Technology, Kharagpur (IIT KGP VGSOM) (MBA)

A4

20.83

12.70

CAT

 

Read: Better places to live in gurgaon

Key Factors for Choosing the Best MBA Colleges in India

  1. Placement Data: Placement data, like highest, average, and median salaries, is one of the most reliable pieces of information available to assess student outcomes. It’s not the only factor, but it’s a clear indicator of how students fare after graduating. Other outcomes, such as career growth and job roles, take time to develop and are harder to measure. 
  2. Return on Investment (ROI): An MBA from a top B-school is a big investment of money, time, and effort. They usually provide strong returns, allowing graduates to recover costs quickly and advance their careers. That’s why ROI is a crucial factor. As we move further down the list, ROI becomes even more important, especially when considering the cost versus the value of the program.
  3. Entrance Test Cutoffs: While the CAT exam is the most popular MBA entrance test, other exams also allow students to get into top colleges. Generally, higher cutoffs indicate a better quality of incoming students. While colleges aim for a diverse student body, they stick to their cutoffs to maintain quality. Better students usually lead to better outcomes and add value to the college’s brand. In turn, a strong brand helps students secure better roles in top companies, boosting their career growth. Additionally, having a high-caliber peer group in top MBA colleges leads to better learning experiences, discussions, and perspectives.
  4. Brand and Legacy Value: A college’s brand plays a major role in shaping its students’ futures. This includes feedback from employers, the academic community, and peers. The age and history of the institute can also contribute to its legacy and reputation.
  5. Mentor Opinions: Over the years, mentors have gained a deep understanding of management education. They have guided students into top MBA programs in India and abroad, observing their career growth firsthand. Their experience gives them valuable insights, which are important for students when choosing the right MBA program.

Read more: Top 10 MNC companies in Gurgaon

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