Top MBA Colleges in India

It is important to find the right MBA Colleges for you as an aspirant. The Mba College you choose has to offer an excellent track record, high-quality education, and opportunities to join some of the best corporations. To simplify your MBA college selection process we have categorized India's top MBA colleges into six clusters. The rundown of MBA colleges in India can go on forever, be that as it may, we have attempted to constrain the categorization to the better and progressively known MBA colleges. As you proceed in the list from top to bottom, the level of differentiation between both the colleges and the clusters significantly diminishes.

When reviewing MBA colleges within a cluster, the preference generally diminishes as you read further from top to bottom. For example, in Cluster 1, while we cannot differentiate between IIM A, B, and C. IIMA tops the list based on its brand value and reputation and C comes in second place since its fees are the lowest amongst the three. Before taking final admission into any of these MBA colleges, please ensure that you speak to some students of the current batch and a few of their alumni, and visit the official website of the respective institutes for detailed information.

Before taking final admission into any of these B-schools, please ensure that you speak to some students of the current batch and a few of their alumni, and visit the official website of the respective institutes for detailed information.

Ranking Methodology of MBA institutes

The parameters basis which MBA Colleges are evaluated and listed below:

  • Placement records of the last three years
  • Infrastructure: school and learning environment
  • Faculty
  • Geographical location: proximity of B-schools to business hubs
  • Entrance exams applicable
  • Interaction with alumni
  • Interaction with Career Launcher students now studying at these B-schools
  • Career Launcher also visits these campuses as a recruiter, and the input from our HR team helps us evaluate these institutes better.

Top MBA Colleges in India

India is sprawling with quality MBA colleges, but some are better than others in a few aspects. While choosing an MBA college, there are a few parameters that you should keep in mind, which include, its reputation, the alumni network, the faculty, and of course the corporate connection it has. We have categorized India's top MBA Colleges into six clusters based on the above-mentioned parameters which will help you select the ideal B-school that you want to target as your MBA destination. As we all know, there is no dearth of MBA Colleges in India, but for this list, we have chosen only the most progressive and most reputed colleges in the country.

Disclaimer: While this list, designed on the predictions made by CL experts, serves as a guide for selecting a top-level MBA college, do not constrain your research to this list only. We advise you to talk to some of the alumni members, go through the official website of the college and visit the campus if you can before taking admission to any of the below-mentioned institutes.

S.No.

Sub-Cluster

Institute

City

Fees

Program

CLUSTER – 1

Undoubtedly, like every year IIM Ahmedabad, Bengaluru and Calcutta acquire the top three positions in the best MBA Colleges’ preference list. With an excellent placement record, great reputation, and endless opportunities these institutes stand as crème de la crème institutes. FMS Delhi, IIM Lucknow, and XLRI are all equally good and one can choose any of these based on one’s specific requirements.

If you are a candidate with over 3 years of work experience then you should be looking at ISB Hyderabad which offers a one-year course and accepts a GMAT score for admission. FMS DU, TISS, and JBIMS stand out in terms of excellent “value for money” institutes due to their very low fee and excellent placements however the 85% reservation for Maharashtra pushes JBIMS lower in my order of preference. 

TISS is a little lower on the list but that’s mostly because it is a specialized program. A general management program is generally preferred (over specialized programs) as it allows you to choose your area of specialization after studying all subjects in the first year. However, if you are interested in a particular stream (in this case HR) then it would rank higher for you. For e.g., if you are looking for a specialization in HR then XLRI and TISS would be your preferences.

1

1A

Indian Institute of Management (IIM-A)

Ahmedabad

INR 23, 00, 000

PGP

2

1A

Indian Institute of Management (IIM-B)

Bengaluru

INR 23,20,000

PGP

3

1A

Indian Institute of Management (IIM-C)

Kolkata

INR 22,60,000

PGDM

4

1B

Indian Institute of Management (IIM-L)

Lucknow

INR 19,25,000

PGPM

5

1B

Faculty of Management Studies (FMS) – DU

New Delhi

INR 1,92,000

MBA

6

1B

Indian School of Business (ISB)

Hyderabad

INR 22,50,000

PGP

7

1B

Xavier Labour Research Institute (XLRI)

Jamshedpur

INR 23,60,000

PGP-BM

8

1B

Tata Institute of Social Sciences (TISS)

Mumbai

INR 1,15,000

MA HRM LR

9

1B

Jamnalal Bajaj Institute of Management Studies (JBIMS)

Mumbai

INR 6,00,000

MMS

10

1C

SP Jain Institute of Management & Research (SPJIMR)

Mumbai

INR 19,00,000

PGDM

11

1C

Indian Institute of Management (IIM-K)

Kozhikode

INR 19,00,000

PGP

12

1C

Indian Institute of Management (IIM-I)

Indore

INR 16,50,000

PGPM

13

1C

Management Development Institute (MDI)

Gurgaon

20,86,670

PGPM

14

1C

Indian Institute of Foreign Trade (IIFT)

New Delhi

INR 18,25,000

MBA

15

1C

Xavier Labour Research Institute (XLRI)

NCR

INR 11,80,000

MBA

S.No.

Sub-Cluster

Institute

City

Fees

Program

CLUSTER – 2

This cluster shows that some non-IIMs make their mark as better MBA colleges than most of the IIM colleges in terms of growth, learning, and placements. IIFT Kolkata is listed in cluster 2A above many other older and more established institutes because it has a common placement process with IIFT Delhi and hence there is no disparity among the two institutes.  

Similarly, IIML ABM is preferred over IIMA FABM because while IIML does not differentiate between ABM and PGP in terms of placement opportunities, IIMA has a separate placement process for PGP and FABM. Three well-known technical institutes (IIT Bombay/Delhi and NITIE) make their presence felt in this cluster, all three are well-known MBA in Operations/Systems/Analytics. The IB programs of MDI Gurgaon are in this cluster and not in Cluster 1 due to cost considerations. Several of the new IIMs like IIM Ranchi, Udaipur, etc. are also appearing on this list.Many other IIMs and non-IIM colleges are part of cluster 2.

17

2A

Indian Institute of Management (IIM-L)

Lucknow

INR 19,25,000

PGP ABM

18

2A

Indian Institute of Foreign Trade (IIFT)

Kolkata

INR 8,85,000

MBA

19

2A

Indian Institute of Technology Bombay – SJSOM

Mumbai

INR 8,27,000

M. Management

20

2A

National Institute of Industrial Engineering (NITIE)

Mumbai

INR 14,00,000

PGDIM

21

2A

Indian Institute of Management Shillong

Shillong

INR 1,46,000

PGPM

22

2B

Indian Institute of Management (IIM-A)

Ahmedabad

INR 23,00,000

PGP FABM

23

2B

Indian Institute of Technology Delhi – DMS

New Delhi

INR 8,80,000

MBA

24

2B

Development Institute (MDI)

Gurgaon

INR 24,34,000

PGPM HRM

25

2B

Development Institute (MDI)

Gurgaon

INR 25,00,000

PGPM IM

26

2C

National Institute of Industrial Engineering (NITIE)

Mumbai

INR 14,63,000

PGDISEM

27

2C

Symbiosis Institute of Business Management (SIBM)

Pune

INR 20,50,000

MBA

28

2C

Institute of Management Ranchi

Ranchi

INR 15,10,000

PGDM

29

2C

Institute of Management Trichy

Tiruchirapalli

INR 16,50,000

PGPM

30

2C

Institute of Management Udaipur

Udaipur

INR 13,54,000

PGP

31

2C

Narsee Monjee Institute of Management Studies (NMIMS)

Mumbai

INR 17,50,000

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 3

B-schools such as MICA and IRMA that offer specialized programs find their spot in this cluster. It must be understood that in their specialization, these two MBA colleges are amongst the best in the country. For example, MICA is regarded as one of the topmost MBA colleges in the country for its Marketing and Advertising program. Two old-established good institutes in this cluster are XIMB and IMT Ghaziabad, both provide excellent placement opportunities. For candidates with over 2 years of work experience, the Great Lakes Chennai 1 year program (PGPM) can be considered over others despite a lack of AICTE recognition as it has excellent placements due to industry recognition. In this cluster, the IITs can be preferred over the others due to their low fee and good placements especially if you are interested in specializing in operations/systems/analytics.

32

3A

Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA

33

3A

Institute of Management Raipur

Raipur

PGP

34

3A

Indian Institute of Management Kashipur

Kashipur

PGP

35

3A

Indian Institute of Management Rohtak

Rohtak

PGP

36

3B

Institute of Technology Kharagpur – VGSOM

Kharagpur

MBA

37

3B

Mudra Institute of Communications Ahmedabad (MICA)

Ahmedabad

PGDM-C

38

3B

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA BM

39

3B

Xavier Labour Research Institute (XLRI)

Jamshedpur

Global MBA

40

3C

Indian Institute of Management Ranchi

Ranchi

PGDHRM

41

3C

Institute of Management Technology (IMT)

Ghaziabad

PGDM

42

3C

International Management Institute (IMI)

New Delhi

PGDM

43

3C

Institute of Rural Management (IRMA)

Anand

PGPRM

44

3C

Sydenham Institute of Management Studies (SIMSREE)

Mumbai

PGDBM

45

3C

Great Lakes Institute of Management (GLIM)

Chennai

PGPM – 1 year

46

3C

Indian Institute of Technology Madras – DMS

Chennai

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 4

Highlights of this cluster are the old established institutes (TAPMI, GIM, KJ Somaiya, BIM Trichy, etc) which are well known regionally, and the latest IIMs like Vizag, Nagpur, and others.

This cluster also has specialized programs of some of the top MBA institutes (PGDISEM of NITIE, MSc Finance of JBIMS, HR programs of NMIMS and XIMB, etc.) and the value for money MBA programs of Delhi University (MFC, MHROD, MBE).

47

4A

T A Pai Management Institute (TAPMI)

Manipal

MBA

48

4A

Indian Institute of Management (IIM-V)

Vishakhapatnam

PGP

49

4A

Indian Institute of Management (IIM-N)

Nagpur

PGP

50

4A

Jamnalal Bajaj Institute of Management Studies

Mumbai

MSc Finance

51

4A

National Institute of Industrial Engineering (NITIE)

Mumbai

PGDISEM

52

4A

Indian Institute of Science (IISc)

Bengaluru

M.Mmgt (Tech Mgmt)

53

4A

Indian Institute of Management (IIM-Amritsar)

Amritsar

PGP

54

4A

Indian Institute of Technology Kanpur – DMS

Kanpur

MBA

55

4A

Narsee Monjee Institute of Management Studies

Mumbai

MBA HR

56

4A

Master of Finance & Control (MFC), DU

New Delhi

MBA Fin

57

4A

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA HRM

58

4B

Master of HR and Organisational Development, DSE, Delhi Univ.

New Delhi

MHROD

59

4B

Indian Institute of Management (IIM-Bodh Gaya)

Bodh Gaya

PGP

60

4B

Indian Institute of Management (IIM-J)

Jammu

PGP

61

4B

Indian Institute of Technology Roorkee – DMS/p>

Roorkee

MBA

62

4B

Goa Institute of Management (GIM)

Goa

PGDM

63

4B

Symbiosis Institute of International Business (SIIB)

Pune

MBA IB

64

4B

K J Somaiya Institute of Management Studies & Research (SIMSR)

Mumbai

PGDM, IB, FM, Retail

65

4B

Bharathidasan Institute of Management (BIM)

Tiruchirapalli

MBA

66

4B

BITS Pilani, Department of Management

Pilani

MBA

67

4B

Indian Institute of Management (IIM-S)

Sirmaur

PGP

68

4C

Indian Institute of Management (IIM-L)

Greater Noida

PGP SM

69

4C

Indian Institute of Management (IIM-Sambalpur)

Sambalpur

PGP

70

4C

Department of Business Economics, Delhi University

New Delhi

BE

71

4C

University of Petroleum and Energy Studies (UPES)

Dehradun

MBA

72

4C

IFMR - Graduate School of Business at Krea University

Andhra Pradesh

MBA

73

4C

FLAME University

Pune

MBA

74

4C

Athena School Of Management

Mumbai

MBA

75

4C

Loyola Institute of Business Administration (LIBA)

Chennai

PGDM

76

4C

FORE School of Management

New Delhi

PGDM, IB

77

4C

SHARDA UNIVERSITY

Greater Noida

MBA

78

4C

Graphic Era University

Dehradun

MBA

79

4C

GNIOT Group of Institutions (GNIOT)

Greater Noida

PGDM

80

4C

ISBR Business School

Bangalore

MBA

81

4C

Firebird Institute of Research in Management

TAMILNADU

PGDM

82

4C

Amity University

(Gurgaon, Gwalior, Jaipur, Lucknow, Mumbai, Raipur)

MBA

83

4C

Jagan Institute of Management Studies

Delhi

PGDM

84

4C

Xavier Institute of Management & Entrepreneurship

Bangalore

MBA

85

4C

Mody University

Rajasthan

MBA

86

4C

Gandhi Institute of Technology and Management

Andhra Pradesh

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 5 & 6

If you have not made it to any college up to Cluster 4 and CAT/XAT retake is not an option or you think that in a retake you will not be able to improve your score significantly then it is Cluster 5 and 6 institutes that you are looking at. The colleges included in these two clusters provide good education and decent career opportunities the role profiles and salary levels will be lower than what would be available in a higher cluster institute. For these colleges location is an important criterion – an institute in a metro city is likely to have better industry interaction and better placement opportunities.

Also at this level, the majority of the placements are in the same geographical region, e.g. if you are studying in NCR you are unlikely to be placed outside North India. Also given that the salary levels will not be very high, look at keeping the total expense of doing MBA (fee + boarding & lodging) under control. Servicing a 20-lakh loan will be challenging with an 8 lakh salary.

87

5A

Delhi School of Management – Delhi Technological University (DTU)

New Delhi

MBA

88

5A

Nirma University – Institute of Management (IMNU)

Ahmedabad

MBA

89

5A

Narsee Monjee Institute of Management Studies (NMIMS)

Bengaluru

PGDM

90

5A

Manav Rachna Institute of Research and Studies

Faridabad

MBA

91

5B

Lal Bahadur Shastri Institute of Management (LBS)

New Delhi

PGDM, Finance

92

5B

Symbiosis Institute of Business Management (SIBM)

Bengaluru

MBA

93

5B

Symbiosis Institute of Operations Management (SIOM)

Nasik

MBA Ops

94

5B

International Management Institute (IMI)

New Delhi

PGDHRM

95

5B

Symbiosis Institute of Telecom Management (SITM)

Pune

MBA

96

5B

Symbiosis Institute of Management Studies (SIMS)

Pune

MBA

97

5B

Symbiosis Institute of Mass Communication (SIMC)

Pune

MBA CM

98

5C

Great Lakes Institute of Management (GLIM)

Chennai

PGDM

99

5C

Bennett University

Greater Noida

MBA

100

5C

Great Lakes Institute of Management (GLIM)

Gurgaon

PGPM 1 year

101

5C

International Management Institute (IMI)

Kolkata

PGDM

102

5C

Institute of Management Technology (IMT)

New Delhi

DCP

103

5C

International Management Institute (IMI)

New Delhi

PGDM BFS

104

5C

SOIL Institute of Management

Gurgaon

MBA

105

5C

National Institute of Bank Management

Pune

PGDM B & FS

106

5C

Welingkar Institute of Management

Mumbai

MMS, PGDM

107

5C

Management Development Institute (MDI)

Murshidabad

PGP

108

5C

Birla Institute of Management Technology (BIM Tech)

Greater Noida

PGDM, IB

109

5C

Shri Ram College of Commerce (SRCC GBO), Delhi Univ.

New Delhi

GBO

110

6A

International School of Business & Media

Pune

PGDM

111

6A

Xavier Institute of Management & Entrepreneurship (XIME)

Bengaluru

PGDM

112

6A

Narsee Monjee Institute of Management Studies (NMIMS)

Hyderabad

PGDM

113

6A

Symbiosis Institute of International Business (SIIB)

Pune

MBA AB, MBA E&E

114

6A

Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA-IM

115

6A

Symbiosis Center for Information Technology

Pune

MBA-ITBM

116

6A

Institute of Management Technology (IMT)

Hyderabad

PGDM

117

6A

Great Lakes Institute of Management (GLIM)

Gurgaon

PGPME

118

6B

Indian Institute of Forest Management (IIFM)

Bhopal

PGDFM

119

6B

Faculty of Management Studies, BHU (FMS BHU)

Varanasi

MBA MBA IB

120

6B

SDM Institute for Management Development (SDMIMD)

Mysore

PGDM

121

6B

Institute of Management and Technology IMT – Nagpur

Nagpur

PGDM

122

6B

ICFAI Business School

Hyderabad

MBA/PGPM

123

6B

Xavier Institute of Social Service (XISS)

Ranchi

HR

124

6B

NL Dalmia Institute of Management Studies and Research

Mumbai

PGDM

125

6B

GNIOT Institute of Management Studies

Greater Noida

PGDM

126

6C

University Business School (UBS)

Chandigarh

MBA

127

6C

Symbiosis Institute of Business Management- Hyderabad

Hyderabad

MBA

128

6C

BML Munjal University

Gurgaon

MBA

129

6C

Symbiosis Institute of Computer Studies and Research (SICSR)

Pune

MBA-IT

130

6C

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA – Rural Mgmt

131

6C

Xavier Institute of Social Service (XISS)

Ranchi

Marketing & Finance

132

6C

Kirloskar Institute of Advanced Management Studies

Harihar and Pune

PGDM

133

6C

Xavier Institute of Management & Entrepreneurship (XIME)

Kochi

PGDM

134

6C

Symbiosis Institute of Health Services (SIHS)

Pune

MBA

135

6C

Symbiosis Institute of Banking and Finance (SSBF)

Pune

MBA BF, PGDBF

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