Top MBA Colleges In India: The Ultimate List

The top 10 Mba colleges in India include top IIM colleges and other B-Schools. Every year more than 3 lakh MBA aspirants give cat exams to get into top B-schools. In this blog, we will discuss the top 10 Mba colleges and how to get into top Mba colleges and the fee structure of top Mba colleges.

What are the Top 10 MBA Colleges in India?

A Master of Business Administration (MBA) degree from an accredited college is a dream for many people in India who want to be business leaders. Finding the right B-school can be hard because there are so many to choose from.

To ease your journey towards a successful future, we have compiled a list of the top 10 MBA colleges in India as of July 2023.

MBA colleges India

Indian Institute of Management Ahmedabad 

It is the premier institute for management studies at the postgraduate level.

Established in 1961, almost 62 years ago, this makes it one of the oldest B-schools in India.

The only way for Indian students to get into this college is through the Cat exam, and foreign students can also apply through GMAT.

  • It is constantly ranked 1 by NIRF rankings
  • Some notable alumni of IIM Ahmedabad are Harsha Bhogle, Falguni Nayar, Ajay Singh Banga,
  • IIM Ahmedabad offers an average package of 34 LPA, and the fee structure depends on the course you are opting for.
  • Indian IT businessman and co-founder of Infosys N. R. Narayana Murthy’s first job was as chief systems programmer at IIM Ahmedabad.

Indian Institute of Management Bangalore (IIM Bangalore)

Established in 1973, and it was the third one after Calcutta and Ahmedabad. It is ranked 2 by NIRF. This institute offers postgraduate and doctoral courses and certification programs.

The Mba program is the flagship program offered in three ways – one-year full-time, two-year full-time, and two-year executive (weekend).

  • The chairperson for IIM B is Devi Shetty.
  • The average package stood at 34 LPA for the year 2022.
  • Rajeev Bakshi, Deepak Ohri, lover Singh, and many more are notable alumni.

Indian Institute of Management Calcutta

Established in 1961, this was the second IIM to be established after IIM Ahmedabad.

The campus is spread over 140 acres. IIM Calcutta offers a full-time MBA for two years, a full-time Post Graduate Diploma for one year (PGPEX-VLM), and a full-time MBA for experienced executives for one year (MBAEx).

  • Some notable alumni are Gopal Vittal, Sunil Duggal, and many more.
  • It offers an average package of 35 LPA.

Faculty of Management Studies – University of Delhi

Established in 1954 makes it one of the oldest B-schools in India; FMS offers a full-time MBA, an executive MBA, an executive MBA in healthcare management, and doctoral programs.FMS also runs Management Development Programmes on a daily basis, in addition to all of these other programs.

  • Admission is done through cat examination, and the average package is 34.1 LPA.
  • As compared to other top B-schools, the fees for fms are relatively on the lower side, which is around 2 lac.
  • Some notable alumni are Sandip Das, Raghav Bahl and many more.

Indian Institute of Management Lucknow

Established in 1984 situated in Lucknow, Uttar Pradesh. It was the fourth IIM to be established after ABC. IIM Lucknow offers a regular two-year management program, a one-year MBA program for executives (fully residential), a two-year MBA program for working executives (partially residential), an internship program, and short-term MDP and executive programs.

  • It also serves as the mentor to newly established IIM Jammu, Rohtak, and Kashipur.
  • The campus is spread over 200 acres.
  • The chairman for IIM Lucknow is N. Chandrasekaran, and the director for IIM L is Archana Shukla.
  • The average package is 32.23 LPA, and fees are around 24 lacs.

Also Read:

What is an MBA: Everything You Need to Know 

Indian Institute of Management Kozhikode

Established in 1996, The institute does all kinds of academic work in the field of management education, including study, teaching, training, consulting, and building up intellectual infrastructure. The institute focuses on developing analytical skills and paying attention to global and cross-cultural problems while keeping a balance between business needs and social issues.

  • There are currently 900 graduate students and 79 doctoral students who are full-time students at the school.
  • It is ranked 3 by NIRF in 2023, and the average package stood at 31 LPA.

Indian Institute of Management Indore

Established in 1996, IIM Indore was founded in 1996 as the sixth Indian Institute of Management. The IIMs use the Common Admission Test (CAT) to decide who gets into the Post Graduate Programmes in Management (PGP) and Post Graduate Programmes in Human Resource Management (PGPHRM) at Indore.

  • Mukesh Ambani laid the first stone of the Indore site on October 3, 1998.
  • Non-Resident Indian (NRI) candidates can also apply, but they must have a GMAT score of at least 650 to be considered for further review.
  • There are more than 90 student exchange places, which means that 20% of the PGP class can spend a semester at a university outside of India.
  • It has the third most places out of all the IIMs.
  • The average package stood at 30 LPA, and the highest package was 1.14 Cpa.

S. P. Jain Institute of Management and Research

Established in 1981, Margaret Thatcher, the British prime minister, inaugurated it. Programs offered are Post Graduate Diploma in Management (PGDM), 15-month, Post Graduate Programme in Management (PGPM), 6-months at the Global Management program (GMP).

  • In 2016, SPJIMR worked with Harvard Business School (HBS) Publishing to be the national training partner for teaching business models.
  • It was ranked 44 in the world in 2022 by financial times.
  • The average package stood at 33 Lpa, with the highest package at 77 LPA.

XLRI Jamshedpur

Established in 1949 by the Society of Jesus (Jesuits) in Jamshedpur, In 1949, XLRI started giving classes on management and trade unions. In 1953, it started a full-time, two-year program on industrial welfare. Postgraduate Diploma in Business Management (PGDBM) and Postgraduate Diploma in Human Resource Management (PGDHRM) are Diploma in Management programs that take two years to complete.

  • It also has a 15-month full-time residential PGDM in General Management Program (formerly called GMP),
  • a three-year Postgraduate Diploma in Business Management (PGDBM) for working executives, and a Fellowship Diploma in Management (FDPM). 
  • XLRI offers short term management courses and virtual programs.
  • The average package stood at 32 LPA with the highest at 1.1 CPA.

National Institute of Industrial Engineering Mumbai

Established by the Government of India in 1963, NITIE Mumbai reached a big milestone on July 12, 2023, when the Union Cabinet accepted a change to the IIM Act that made NITIE Mumbai the 21st IIM and changed its name to IIM Mumbai. The National Institute of Industrial Engineering gives postgraduate diplomas in different areas of management and industrial engineering.

  • It also has fellowship opportunities for people with doctorates.
  • The average package stood at 27.75 LPA, with the highest package at 78 LPA.


In the end, choosing the right MBA college can have a big impact on your career and success in the future. The Indian Institute of Management Ahmedabad, Indian Institute of Management Bangalore, and Indian Institute of Management Calcutta, have gained recognition for their academic excellence, renowned faculty, and remarkable placement records. These are the top 10 MBA colleges in India.

Each of these schools has its own way of teaching and learning. They give students the chance to improve their management skills, make connections with experts in their field. And gain valuable real-world experience. Indeed, No matter which college you choose, remember that your success in business depends not only on the school you go to. But also on how hard you work and how much you want to learn.

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