With the growing hype for management studies and a plethora of choices in MBA institutes in India, each prospective student must carefully consider and choose their ideal MBA institutions before enrolling in any program.
Read this article to find out all about the top MBA institutions in India.
IIM Ahmedabad
IIM Ahmedabad or IIMA is situated in Ahmedabad, Gujarat. Multiple international rating organizations and national institutions have deemed the Institute to be India’s top B-school for multiple management courses. It is one of the best MBA colleges in India
IIMA secured the 60th position in a list of the top 100 business institutions in Economic times Index 2022. Moreover, the programs also rank high on a variety of other education indexes as well. IIMA was the first MBA institution in India to get accreditation from the European Quality Advancement.
Follow the table below for additional information on IIMA MBA courses:
| Courses Offered | MBA-PGPM, etc. |
| Affiliations | EQUIS |
| Course Fees | ₹ 22,05,000 |
| Average Package after placement | ₹ 16 LPA |
| Highest Package after placement | ₹ 55 LPA |
IIM Bangalore
Sitting in the heart of south Bangalore, Indian Institute of Management Bengaluru or IIMB is situated on a 90-acre campus that is lush and verdant. IIMB has an outstanding sports complex with provisions to play football, cricket, basketball, a gym, and a pool, alongside top-notch faculty and some of the best MBA courses in the country.
IIM Bangalore students can choose to enter programmes and engage with universities from abroad. Students are generally sent to North America, Europe, and South America for work experience or projects. Several international conglomerates actively hire the top students at IIMB. The IIMB’s association with the GNAM, a consortium of 32 top business schools worldwide, is yet another unique characteristic.
Follow the table below for additional information on IIMB MBA courses:
| Courses Offered | MBA-PGP, PGPEM, etc. |
| Affiliations | EQUIS |
| Course Fees | ₹ 22,50,000 |
| Average Package after placement | ₹ 28 LPA |
| Highest Package after placement | ₹55.5 LPA |
IIM Kolkata
IIM Calcutta or IIMC is located in Joka and is among the first IIMs to be established in India. It is still among the finest B-schools in the country and is among the country’s three triple-accredited business schools. It is one of the best colleges for MBA in a variety of specialisations such as Finance, Marketing and Human resources.
The campus is impressive, consisting of advanced computer labs, a management center, and a business lab. On campus, there is provision for postal service, ATMs, and medical services as well.
Follow the table below for additional information on IIMC MBA courses:
| Courses Offered | MBA, PGDBA, etc. |
| Affiliations | EQUIS, AMBA etc. |
| Course Fees | ₹ 28,00,000 |
| Average Package after placement | ₹ 28 LPA |
| Highest Package after placement | ₹ 60 LPA |
Xavier School of Management Jamshedpur
Xavier School of Management Jamshedpur or XLRI is regarded as one of the finest private B-schools in the world today. Founded by Jesuit Fathers, XLRI is also among some of the first business schools in India. It continues to remain amongst the top MBA colleges in India as well as abroad.
XLRI created the full-time Business Management course for young professionals in 1968 and now provides a range of other corporate programs and hybrid initiatives alongside the usual specialisations associated with the MBA degree. A 10 gigabit Ethernet network supports the institute’s local area network on the campus, and there are twenty-two classes equipped with cutting-edge interactive multimedia facilities. Moreover, each amphitheater-style lecture hall accommodates at least 75 individuals and is incredibly spacious. Closed-circuit recording and playback of classroom lectures are also accessible in these rooms.
Follow the table below for additional information on XLRI MBA courses:
| Courses Offered | PGDM (BM), ExPGDM, Three Year XLRI-Rutgers Double Masters Programme PGDM HRM |
| Affiliations | AACSB AMBA |
| Course Fees | ₹`20.95 Lakh |
| Average Package after placement | ₹ 30.7 LPA |
| Highest Package after placement | ₹ 60+ LPA |
IIT Bombay
IIT Bombay or IITB is a prestigious institution renowned for its management, engineering, science, and tech-related curricula. The institution started operating in 1958 and is considered as one of the few heritage institutions in the country. It is also an ‘Institute of Imminence’ (IoE). In addition to typical courses in accounts, finance, operations, and human resources, the MBA programme at IIT Bombay includes core topics such as policy management, tech management, and a tech-driven human resource programme.
The MBA program consists of four semesters and spans two years. In this course, students receive real-world, hands-on experience in recent industry developments and advancement through research papers, course projects, internships and market studies.
Follow the table below for additional information on IITB MBA courses:
| Programs Offered | MBA, EMBA, MDP |
| Course Fees | ₹2,26,600 |
| Average Package after placement | ₹17 LPA |
| Highest Package after placement | ₹42 LPA |
IIM Indore
IIM Indore or IIMI established in 1995 and is one of the twenty state-run IIMs in India. It has been a pioneer in management education right from its establishment and has gradually developed several collaborations with businesses, institutions as well as public-sector organizations.
IIM Indore boasts cutting-edge learning materials, extensive learning facilities, a solid IT foundation, an up-to-date sports facility, dorm rooms, and modern infrastructure.
Follow the table below for additional information on IIMI MBA courses:
| Programs Offered
|
MBA-PGP, PGP-HRM, etc |
| Course Fees | ₹ 20,00,000 |
| Average Package after placement | ₹ 15 LPA |
| Highest Package after placement | ₹50 LPA+ |
IIM Kozhikode
IIM Kozhikode or IIMK is situated on 110+ acres of land in the Kunnamangalam province of Calicut. It was established in 1995 and is one of the most scenic institutions in the country. It is also one of the top MBA colleges in India. The university offers 17 hostels to house students from all around the nation.
Establishing an Incubation Institute for Excellence in collaboration with the Government of Kerala is a remarkable aspect of IIMK, one of India’s rare Institutes for the Advancement of Digital Archives.
Follow the table below for additional information on IIMK MBA courses:
| Programs | PGP, PGP LSM, PGP BL, etc. |
| Course Fee | ₹ 21,52,000 |
| Average Package after placement | ₹ 18 LPA |
| Highest Package after placement | ₹ 55 LPA+ |
IIT Delhi
IIT Delhi or IITD’s Department of Management Research has given comprehensive training to ambitious management aspirants since its beginnings. IITD is a world-class academic institution that has continuously been regarded as one of India’s top 10 universities.
The Management Department was established in 1992, and the Department of Management Research began providing full-time MBA programs in 1996.
Follow the table below for additional information on IIMD MBA courses:
| Programs Offered | MBA – Full Time, Executive MBA, MDP Program, etc. |
| Course Fees | ₹ 9,50,000 |
| Average Package after placement | ₹ 18 LPA |
| Highest Package after placement | ₹ 35 LPA |
IIM Lucknow
IIM Lucknow or IIML is located in the Indian state of Uttar Pradesh and is among the country’s top 4 Indian Institute of Managements. The college’s inclusive atmosphere and a healthy culture of research and development are aimed to engage students in a campus environment conducive for world-class learnings.
On campus, there is a health center with skilled medical professionals available 24 hours a day, seven days a week. The leisure center has excellent sports facilities, including a gym, pool, tennis court, and a billiards room.
Follow the table below for additional information on IIML MBA courses:
| Programs Offrred | MBA-PGP, etc. |
| Accreditations | AMBA, EFMD |
| Course Fees | ₹ 19,50,000 |
| Average Package after placement | ₹ 27 LPA |
| Highest Package after placement | ₹ 50 LPA |
VGSOM, IIT Kharagpur
The Vinod Gupta School of Management or VGSOM was founded in 1993 and is among the first B-schools under the IIT regime. The institute delivers a versatile management course by incorporating concepts from several academic subjects.
The institute has several facilities, the main library, and a lecture hall equipped with cutting-edge technology. The accommodation amenities are very well equipped, including leisure centers, fast internet on campus, and Ethernet services. Moreover, several renowned B-schools and businesses have partnered with the VGSOM as well.
Follow the table below for additional information on VGSOM MBA courses:
| Programs Offered | MBA, PGDPA, etc |
| Course Fees | ₹ 11 LPA |
| Average Package after placement | ₹ 18 LPA |
| Highest Package after placement | ₹ 20 LPA |
Conclusion
MBA fullform is Masters in Business Administration. It is a course provided by most of the top-10 management colleges in India. It is often interchangeably known as PGDM as well. A few of these top-tier institutions include IIM A, IIM B, IIM C, VGSOM, XLRI, among others. While most of these are public institutions, a handful of private institutions rank highly as well.
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Frequently Asked Questions
- Which MBA college is best?
There are several top MBA colleges such as IIM A, IIM B and IIM C that rank as the top three B-schools in India.
- What is the fee for an MBA in India?
The course fee for MBA can be high. It usually ranges between INR 4 lakhs to INR 28 lakhs on an average and may vary depending on the institution.
- How can I study MBA in India?
To pursue an MBA degree, students must have a UG degree and should attempt entrance exams such as CAT, XAT, GMAT, etc.
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