Top 10 MBA Colleges in India: In the dynamic landscape of education and career opportunities, pursuing a Master of Business Administration (MBA) in India has become an increasingly popular choice for students and professionals alike. With an ever-growing number of institutions offering MBA programs, the challenge often lies in finding the right one to nurture your leadership and management skills. If you’re in search of the crème de la crème in the world of MBA education, you’ve come to the right place. In this article, we present a comprehensive guide to the “Top 10 MBA Colleges in India,” shedding light on the institutions that stand out in terms of academic excellence, faculty expertise, placement records, and overall reputation. Whether you’re an aspiring business leader or a seasoned professional looking to advance your career, these top MBA colleges in India should be on your radar. Join us on this journey as we explore the institutions that can be your gateway to a successful career in business and management.
The MBA programs offered by various institutions can vary in terms of course offerings, campus facilities, faculty expertise, and more. However, when it comes to the admission process, there’s a common framework that most of them follow. This process typically involves five key steps:
- Registration and Application: To kickstart your MBA journey, you need to register and apply for MBA entrance exams like CAT, GMAT, MAT, XAT, NMAT, or others.
- Exam Participation: After applying, you’ll appear for the entrance exam of your choice.
- Merit-Based Shortlisting: The colleges will shortlist candidates based on their performance in these exams.
- Final Selection Round: Shortlisted candidates will then go through a final selection round, which often includes activities like Group Discussions, Personal Interviews, and Written Aptitude Tests, among others.
- Aggregate Score Calculation: The institutions will calculate a final aggregate score, taking into account additional factors such as work experience, performance in school and graduation, and 12th-grade marks. This comprehensive evaluation helps identify the most suitable candidates for their MBA programs.
Table of Contents
Top 10 MBA Colleges in India
1. Indian Institute of Management Ahmedabad (IIM Ahmedabad)
Established on the 11th of December in 1961 in Ahmedabad, Gujarat, IIM Ahmedabad is a prestigious public business school. In 2017, it was granted the esteemed status of an “Institute of National Importance” by the Ministry of Human Resource Development, Government of India. IIMA achieved the top spot in the NIRF 2020 rankings, solidifying its position as the leading institution in the country within the management category. To find out more, you can visit their official website at iima.ac.in.
Programs, Fees, and Duration:
- MBA in Food and Agri-Business Management: Total Fees – 23.00 Lakh, Duration – 2 Years (Full time)
- MBA: Total Fees – 23.00 Lakh, Duration – 2 Years (Full time)
- Executive MBA: Total Fees – 28.00 Lakh, Duration – 1 Year (Full time)
- Ph.D. (Fellow Program in Management): 4 Years (For engineering students) and 3 Years (For non-engineering students)
Scholarships:
- Need-based Scholarship Scheme (PGP)
- Scholarships available for FPM
- Industry Scholarships for PGPX
Placements:
IIM Ahmedabad boasts an impressive 100% placement rate for the last four years, including 2021. In 2021, a total of 131 recruiters participated in the placement process. Notable names among the top recruiters for the year include Blackstone Group, Colgate, Diageo, Stanley, P&G, Mahindra, Coca Cola, FIITJEE, Nestle, Aditya Birla Group, J.P. Morgan, Microsoft, Tata, GSK, Paytm, ITC Ltd., Nokia, HCL Technologies, Strategy, Amazon, and many more.
Infrastructure and Facilities:
IIMA scores a solid 7/5 rating for its infrastructure. The campus is equipped with a library (Vikram Sarabhai Library), cafeteria, hostel, sports complex, labs, gym, Wi-Fi coverage, music room, air-conditioned classrooms, auditorium, seminar rooms, ATM, post office, research center, conference rooms, and a convention center, among other amenities.
Notable Alumni:
IIM Ahmedabad takes pride in its distinguished alumni, including luminaries like K. V. Kamath, CL Prahalad, M. S. Banga, Chetan Bhagat, Harsha Bhogle, Raghuram Rajan, Srikant Datt, Deep Kalra, Kiran Karnik, S. P. Kothari, and many other accomplished individuals.
2. Indian Institute of Management Bangalore (IIM Bangalore)
In 1973, IIM Bangalore was established in Bangalore, Karnataka. In the NIRF 2020 rankings, it secured the 2nd position among the nation’s top management institutions. It also holds a prestigious position as one of the most renowned graduate schools in Asia for management studies. For more information, you can visit their official website at iimb.ac.in.
Placements:
In 2021, IIMB successfully secured 481 offers for 435 students from a diverse array of 150 companies. Accenture emerged as the top recruiter of the year, with other major players like Amazon, Arthur, Ernst & Young, The Boston Consulting Group, Infosys, KPMG, Axis Bank, Citi Bank, Kotak Mahindra Bank, Goldman Sachs, TCS, IBM, Bain & Company, Auctus Advisors, Birla, Adani, Cisco, Microsoft, Adobe, Oracle, and more participating actively in the placement process.
Infrastructure and Facilities:
IIMB garners an impressive average infrastructure rating of 7/5. The campus offers a wide array of facilities, including a well-stocked library, a welcoming cafeteria, comfortable hostel accommodations, a sports complex, a music room, a convenience store, a state-of-the-art auditorium, air-conditioned classrooms, a hospital, a fully equipped gym, a Wi-Fi enabled campus, banking and post office services, conference and seminar rooms, a finance lab, a data center and analytics lab, computer labs, and much more.
Notable Alumni:
IIM Bangalore has a rich tradition of producing accomplished alumni, including well-known individuals such as Aswath Damodaram, K. Radhakrishnan, Malavika Harita, Sameer Suneja, Ravi Subramanian, Gopal Krishna Nayak, Shashi Sinha, Nila Madhab Panda, Deepak Ohri, Vega Tamotia, Roman Kirsch, Amrapali Kata, Hasmukh Adhia, and many others.
3. Indian Institute of Management Calcutta (IIM Calcutta)
Founded on the 28th of November in 1961, IIM Calcutta is a distinguished public business school located in Joka, Kolkata, West Bengal. It holds the distinction of being the first IIM established in India. IIMC consistently ranks among India’s top business schools, securing the 3rd position in the NIRF 2020 list of the country’s premier institutions offering management education. In 2017, the institute received the coveted status of an “Institute of National Importance” from the Ministry of Human Resource Development (MHRD) of the Indian Government. IIM Calcutta is a triple-accredited institution, having earned recognition from AACSB, EQUIS, and AMBA, making it one of only three such B-schools in India and the first to achieve this distinction. Additionally, IIMC is the sole B-school in India accredited with CEMS, further enhancing its global reputation. To explore more about IIM Calcutta, you can visit their official website at iimcal.ac.in.
Programs, Fees, and Duration:
- PGDM in Business Analytics: Total Fees – 24.00 Lakh, Duration – 2 Years (Full time)
- PGDM in Management: Total Fees – 20.00 Lakh, Duration – 2 Years (Full time)
- Executive MBA: Total Fees – 27.00 Lakh, Duration – 1 Year (Full time)
- Executive Program for Banking and Financial Sector: Total Fees – 2.64 Lakh, Duration – 1 Year (Part-time)
- Management Development Programs: 2 Years (Full time)
- MBA: Total Fees – 23.00 Lakh, Duration – 2 Years (Full time)
Scholarships:
Scholarships are available based on the Below Poverty Line (BPL) criteria.
Students can benefit from awards such as the Damodar Valley Corporation Award for Creditable Performance, B.P. Poddar Scholarship, India Carbon Scholarship, and the T.T. Krishnamachari Award.
Placements:
In 2021, IIMC maintained a remarkable 100% placement record. A total of 520 job offers were extended to 172 students by 141 companies. Prominent recruiters included FIITJEE, Tata Steel, Nestle, TCS, Hindustan Liver, Aditya Birla, Microsoft, CITI, Flipkart, Amazon, ITC, Titan, Asian Paints, Winzo, Yes Bank, IARC, Bank of America, Paytm, Adani, Samsung, Uber, Microsoft, Goldman Sachs, Morgan Stanley, Johnson & Johnson, and many more.
Infrastructure and Facilities:
IIMC receives a commendable infrastructure rating of 4/5. The institute offers a wide range of facilities, including a library, cafeteria, hostel accommodations, sports complex, music and dance room, convenience store, auditorium, air-conditioned classrooms, hospital and medical facilities, gym, Wi-Fi campus, shuttle service, conference rooms, a finance lab, computer labs, a management center, ATM, post office, and more.
Notable Alumni:
IIM Calcutta boasts an illustrious list of alumni, including individuals like Ramchandra Guha, Sunil Duggal, Amish Tripathi, Indra Nooyi, Ajit Balakrishnan, Gopal Vittal, Swati Kaushal, Swami Mukundanand, Malli Mastan Babu, Amolak Rattan Kohli, Krishnamurthy Subramanian, Ajay Bisaria, Krishna Palepu, M.J. Xavier, Sunil Alagh, Rohit Chadda, Ashish Chauhan, T.V. Narendran, Sanjay Gupta, and many others.
4. Indian Institute of Management Lucknow (IIM Lucknow)
Established in 1984, IIM Lucknow, often referred to as IIM-L, is a renowned public business institution situated in Lucknow, Uttar Pradesh. It holds the distinction of being the fourth institution to join the prestigious IIM family. IIM-L earned the 4th position in the NIRF 2020 list of the country’s best management institutions. The Government of India’s Ministry of Human Resource Development (MHRD) recognized IIM Lucknow as an “Institution of Excellence.” Until 2018, IIM-L played a vital role in mentoring IIM Sirmaur. Currently, it serves as a mentor institution for newly established IIMs, including IIM Jammu, IIM Kashipur, and IIM Rohtak. IIM-L boasts affiliations with AMBA and AACSB, further enhancing its global reputation. To learn more about IIM Lucknow, you can visit their official website at iiml.ac.in.
Programs, Fees, and Duration:
- MBA in Management: Total Fees – 19.25 Lakh, Duration – 2 Years (Full time)
- MBA in Agribusiness Management: Total Fees – 19.25 Lakh, Duration – 2 Years (Full time)
- MBA in Sustainable Management: Total Fees – 19.25 Lakh, Duration – 2 Years (Full time)
- MBA in Management for Working Executives: Total Fees – 13.70 Lakh, Duration – 2 Years (Part-time Classroom)
- Fellow Program in Management: 4 Years (Full time)
- Executive Fellow Program in Management (Lateral Entry): Total Fees – 4.00 Lakh, Duration – 3 Years (Part-time Classroom)
Placements:
In 2021, IIM Lucknow secured 490 offers from 147 recruiters, including five international offers from Landmark Mark, Noon, and African Industries Group. Amazon emerged as the top recruiter for the year, with other major companies like Amagi, Bridgestone, Apparel Group, Reliance Jio, Power Finance Corporation, Indigo, Magicbricks.com, FSS, JCB India, FIITJEE, Bosch, Ernst and Young, Nestle, Samsung, Tata Sky, Cipla, Bajaj Auto, Asian Paints, ICICI Bank, Myntra, Ola, Uber, Byju’s, Microsoft, MasterCard, Makemytrip, and many more participating actively in the placement process.
Infrastructure and Facilities:
IIM Lucknow boasts an impressive infrastructure rating of 6/5. The institute offers a wide range of facilities, including the Gyanodaya library, hostel accommodations, a sports complex, state-of-the-art labs, a cafeteria, a gym, a Wi-Fi-enabled campus, an auditorium, seminar rooms, a bank, a convenience center, a shopping complex, and more.
Notable Alumni:
IIM-L takes pride in its notable alumni, including individuals like Rajdeep Grewal, Shanmughan Manjunath, Amitabh Thakur, Gayatri Iyer, Suhail Sameer, Nitin Seth, and many others.
5. VGSOM IIT Kharagpur
Founded in 1993, the Vinod Gupta School of Management, IIT Kharagpur, is a distinguished business school affiliated with IIT Kharagpur. Located in Kharagpur, West Bengal, this business school holds the 5th position in the NIRF 2020 list of the country’s top management institutes. It is noteworthy for being the inaugural business school to be established within the IIT system. To explore more about VGSOM IIT Kharagpur, you can visit their official website at som.iitkgp.ac.in.
Programs, Fees, and Duration:
- MBA (General): Total Fees – 10.30 Lakh, Duration – 2 Years (Full time)
- Executive MBA: Total Fees – 6.00 Lakh, Duration – 3 Years (Part-time Classroom)
- PGDM in Business Analytics: Total Fees – 24.00 Lakh, Duration – 2 Years (Full time)
- Ph.D.: 2 Years
Placements:
In 2021, VGSOM IIT Kharagpur garnered 116 offers from 71 companies, with the highest stipend reaching Rs. 48 lakh per month. The Sales and Marketing domain emerged as the most sought-after field for placements in 2020 and 2021. Major recruiters for the year included IBM, Amazon, Wipro Ltd., PwC India, Deloitte India, ICICI Bank, Google, Halma, Siemens, HSBC, Texas Instruments, Titan, Crompton, ZS Associates, Tiger Analytics, Vedanta, Blackbuck, Mahindra and Mahindra, Kotak Mahindra Bank, among others.
Infrastructure and Facilities:
VGSOM IIT Kharagpur holds an infrastructure rating of 3/5. The institute offers an array of facilities, including a library, separate accommodations for boys and girls, a sports complex, state-of-the-art labs, a cafeteria, a Wi-Fi-enabled campus, a hospital, an auditorium, a bank, a post office, and a counseling center, among others.
Notable Alumni:
Prominent alumni of VGSOM IIT Kharagpur include individuals such as Satyam, Shubham Gupta, Harshit Singh, and many more.
6. IIM Kozhikode
Established in 1996, IIM Kozhikode, often referred to as IIMK, is a prominent public business school with the motto “Diligence leads to Excellence.” Situated in Calicut, Kerala, IIM Kozhikode is the fifth addition to the illustrious IIM family. Its foundation is the result of a collaborative effort between the Government of India and the Government of Kerala. In the NIRF 2020 ranking of top management schools in India, IIM Kozhikode holds the esteemed 6th position. The institute is academically affiliated with AMBA, further enhancing its global recognition. For more information, you can visit their official website at iimk.ac.in.
Infrastructure and Facilities:
IIM Kozhikode boasts a commendable 3/5-star rating for its beautiful infrastructure. The institute offers a host of facilities, including a well-equipped library, separate accommodations for male and female students, a sports complex, state-of-the-art labs, a shuttle service, air-conditioned classrooms, a convenience store, medical facilities, a cafeteria, a gym, a Wi-Fi enabled campus, an auditorium, discussion rooms, a dining hall, buzz rooms, a seminar hall, the Indian Business Museum, syndicate rooms, and more.
Programs, Fees, and Duration:
- MBA in Management (PGPM): Total Fees – 20.77 Lakh, Duration – 2 Years (Full time)
- MBA in Liberal Studies and Management: Total Fees – 20.55 Lakh, Duration – 2 Years (Full time)
- MBA in Finance Management: Total Fees – 20.50 Lakh, Duration – 2 Years (Full time)
- MBA in Business Analytics: Total Fees – 30.00 Lakh, Duration – 1 Year (Full time)
Scholarships:
- IIMK Merit Scholarship
- Merit-cum-Means Scholarship
- Rajshree Sahu Maharaj Scholarship
Placements:
In 2021, IIM Kozhikode achieved a commendable 100% placement rate with the participation of 137 recruiters. The highest package offered during the year reached 46.88 LPA. Major recruiters in 2021 included Deloitte, Goldman Sachs, Amazon, Tata, Bajaj, BCG, Microsoft, RBS, JP Morgan, Citi Bank, Axis Bank, Volvo, Paytm, Mahindra, Bain & Company, ZS Associates, TCS, Google, Myntra, American Express, Flipkart, Uber, Asian Paints, Pidilite, Samsung, Xiaomi, GSK, and many more.
7. IIM Indore
Established in 1996, IIM Indore, also known as IIM-I, is a prominent public business school. It is situated in Indore, Madhya Pradesh, and holds the distinction of being the sixth addition to the renowned IIM family of management schools. In the NIRF 2020 rankings for the best management institutes, IIM Indore secured the impressive 7th position. The Ministry of Human Resource Development (MHRD), Government of India, conferred the esteemed status of “Institute of National Importance” upon IIM-I, alongside other IIMs, in 2017. IIM Indore is the second institution and one of only three B-schools to achieve the prestigious ‘triple crown’ or ‘triple accreditation’ (AMBA, EQUIS, and AACSB). For additional information, you can explore their official website at iimidr.ac.in.
Infrastructure and Facilities:
IIM Indore boasts a perfect 5/5 rating for its exceptional infrastructure. In addition to its splendid physical environment, the institute provides a wide array of amenities, including a well-equipped library, separate hostels for male and female students, a state-of-the-art sports complex, dedicated spaces for meditation, aerobics, and yoga, cutting-edge labs, medical facilities, a convenient shuttle service, a cafeteria, air-conditioned classrooms, a handy convenience store, a modern gym, a Wi-Fi-enabled campus, an expansive banquet hall, a conference room, an SBI E-Corner, ATMs, and a well-appointed seminar hall, among others.
8. Department of Management Studies, IIT Delhi
DMS, IIT Delhi serves as an institution dedicated to the education and research in management. It operates under the auspices of the prestigious Indian Institute of Technology, Delhi. DMS came into existence in 1993 through an amendment in the Indian Institute of Technology, Delhi statutes. The two-year full-time MBA program at DMS is conducted with the support of the Bharti School of Telecom Technology and Management. In the NIRF’s 2020 ranking of top management institutes in India, DMS IIT Delhi secured the notable 8th position. To access more information about DMS, you can visit their official website at www.dms.iitd.ac.in.
Infrastructure and Facilities:
DMS IIT Delhi receives a commendable infrastructure rating of 4/5. In addition to this, the institute provides a range of amenities, including a well-stocked library, hostel accommodations, a cafeteria, a sports complex, state-of-the-art labs, a swimming pool, dedicated spaces for music and dance, a hospital, a gym, a Wi-Fi-enabled campus, an auditorium, air-conditioned classrooms, a hobbies workshop, an amphitheater, and a conference room, among others.