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If we talk about top MBA colleges in India, IIM Ahmadabad, IIM Calcutta, IIM Lucknow, IIM Bangalore, IIM Kozhikode, and IIM Indore pop up in our heads. As per the MHRD-NIRF ranking, other popular colleges like VIT, MDI Gurgaon, XLRI Jamshedpur, and some IITs also rank among the top colleges for MBA in India. These colleges are ranked best at the global level also as IIM Bangalore, IIM Ahmadabad and SPJIMR have been on the list of Financial Times Masters in Management (MiM) rankings 2021 among the top 50 institutes.
Top 10 MBA colleges in India:
|
NIRF 2021 ranking |
Name of the college |
|
1 |
IIM Ahmadabad |
|
2 |
IIM Bangalore |
|
3 |
IIM Calcutta |
|
4 |
IIM Kozhikode |
|
5 |
IIM Delhi DoMS |
|
6 |
IIM Indore |
|
7 |
IIM Lucknow |
|
8 |
XLRI Jamshedpur |
|
9 |
IIT Kharagpur VGSOM |
|
10 |
IIT Bombay SJMSOM |
An annual ranking of top MBA colleges in India under the National Institutional Ranking Framework (NIRF) is given by the Ministry of Education, Government of India. The ranking is decided based on some parameters such as learning and teaching resources, research, professional practices, graduation, and perception. In India, there are over 5000 MBA colleges, while some offer an MBA degree and some offer a PG diploma (PGDM/PGPM).
Return of investments (ROI) affects the ranking of any management college which is the balance or gap between the course fee and salary offered after placements. Top colleges in India have higher ROI which is why they are ranked top by business magazines and agencies.
|
Name of the college |
Average annual fee |
Average placement package |
|
IIM Bangalore |
24 L |
26 LPA |
|
IIM Calcutta |
24 L |
27 LPA |
|
IIM Ahmadabad |
24 L |
28 LPA |
|
IIM Kozhikode |
22 L |
24 LPA |
|
IIM Lucknow |
19 L |
25 LPA |
|
IIT Delhi |
10 L |
19 LPA |
|
IIM Indore |
16 L |
23 LPA |
|
XLRI Jamshedpur |
23 L |
19 LPA |
|
IIT Kharagpur |
10 L |
18 LPA |
|
IIT Bombay |
9 L |
22 LPA |
All organizations whether big or small, private or government have high demands for MBA graduates. Companies like Amazon.com, Colgate, Aditya Birla Group, Philips India, HDFC Bank, Dell, IBM, Hyundai, Yes Bank, Flipkart, Airtel, Microsoft, Google, Cadbury, Coca-cola, Nestle, Paytm, Zomato, Asian Paints, Accenture, Abbot, McKinsey, are some of the top recruiters.
All the top colleges in India have higher fees, around 31 percent of MBA colleges have a fee structure from 10 to 20 lakh like IIM Lucknow, IIM Indore, etc. And the colleges having fee structure of more than 20 lakh are 6 percent like IIM Ahmadabad, XLRI Jamshedpur, etc.
Top MBA colleges have specializations in which they offer MBA degrees such as Finance, Sales and marketing, human resources, IT and Systems, International Business, Entrepreneurship, etc.
So in this article, we tried to fulfill your quest for top MBA colleges in India. Hope it will be helpful!