Top MBA Colleges in India
India has many top MBA colleges, with many privately-owned colleges, public or government institutions, and some public-private collaboration. Popular Indian MBA universities include IIM Ahmedabad, IIM Lucknow, IIM Kozhikode, IIM Bangalore, and IIM Calcutta, which especially take CAT, XAT, and CMAT scores. Students who are obtained a degree from these colleges frequently find jobs with top companies such as Amazon, Facebook, Accenture, Apple, Deloitte, and others.
According to the recent NIRF 2024 rankings, IIM Ahmedabad is India’s top MBA institution, beating off IIM Bangalore and IIM Kozhikode, which are ranked second and third, respectively. IIM Ahmedabad and IIM Bangalore are in competition for the highest placement package, offering an unbelievable compensation of INR 32 LPA. Dayalbagh Educational Institute has the most affordable fees, at INR 10,060.
Latest Updates for MBA Admission 2024-25 in India
- APICET Counselling 2024 Phase 2 is now accepting applications for MBA and PGDM programs. The last date for registration is September 7, 2024. The Phase 2 seat allotment results will be released on September 17, 2024.
- The XAT 2025 exam format has been modified.
- CAT 2024 online application is ongoing for MBA admission. The last date to apply is September 13, 2024 (5 p.m.). The CAT 2024 examination will be tentatively held on 24th November, 2024.
- KMAT Karnataka 2024 registrations are currently available for MBA admission. The last date for applying is August 31, 2024. The KMAT Karnataka 2024 exam is tentatively planned for the first week of November, 2024.
- NMAT 2024 admission are now open for MBA/PGDM institutions starting in 2025. The application lastdate is October 10, 2024. The NMAT 2024 exam will take place from 5 November to 20 December, 2024.
- XAT 2025 MBA/PGDM program registrations are now available. The last date for applying is 30 November, 2024. Interested candidates can sign up on the official XAT website. The XAT 2025 exam will take held on 5 January, 2025.
How to Choose Top MBA Colleges in India?
Institute Ratings & Ranking:
Several ranking organizations provide rankings to universities based on a range of criteria. The rating organization conducts a thorough and unbiased inspection of universities, ranking them based on the quality and requirements met. Students will be able to choose the best management university by reviewing these university rankings. Ranking organizations like NIRF, QS, and the Financial Times update their rankings once a year. Students can use a comprehensive list of rankings, including placement ratings, ranks, and value ratings, to help them select the finest MBA college/university in India.
Course Academics Research:
The program’s faculty and the quality of education given are inextricably linked. The majority of top MBA colleges in India employ lecturers with extensive expertise, a proven track record, and a solid teaching background. Students gain from studying under specialists who share their knowledge with the future generation of leaders. In other circumstances, distinguished visiting professors from other famous institutions teach at the invited colleges.
Program Syllabus:
As new industrial trends arise in an ever-changing business environment, students must ensure that course content is up to date with industry norms and expectations. Every university has its own website, where the course curriculum is available. Looking at the curriculum gives you an indication of what is being taught. Students must be able to determine whether the course structure and material will adequately prepare them to meet industry requirements and obstacles when seeking employment.
Learn More About the College Location:
In your search for the top MBA college, you should discover more about the surrounding area, its geographical features, and the proximity of important utilities and transportation. Make sure to consider the advantages and disadvantages of each solution. While doing so, consider your preferences. Attending a management institution in your preferred location will enhance your college/university experience and inspire you to fully engage with campus life and surrounds. Consider institutions in close proximity to industries where you can gain practical experience through internships.
Research on Student Accommodation and Dorm Facilities:
Though academic life at college/university has plenty to offer, student housing and hostels play an important role in academic life. Students should check to see if the hostel has well-furnished rooms, modern amenities, and mess facilities, as well as whether it is clean and well-ventilated.
Top MBA Colleges in India
The Indian Institutes of Management and other public schools top the National Institutional Ranking Framework (NIRF) list of India’s best MBA colleges.
Public MBA colleges in India have a long history of producing excellent students and may charge lower rates because of government assistance.
However, private MBA programs in India have a lot to offer, including connections to multinational firms and graduate placement rates of up to 100%.
While the Indian School of Business, India’s highest-ranked university in the Financial Times Global MBA Ranking (31st overall), did not participate in the NIRF ranking, several other private institutions continue to provide high-quality business programs.
Here, we look at the Top 10 Private MBA Colleges in India based on the NIRF rankings, including information on their entry requirements, curriculum, and post-MBA salaries.
Until stated differently, all of the schools on this list provide a two-year Post Graduate Diploma in Management (PGDM) and require candidates to have a bachelor’s degree with a minimum grade of 50% to be admitted.
Top 10 MBA Colleges in India
Top MBA Colleges in India: Highlights for 2024 The MBA remains a popular postgraduate degree, providing an entry point to a variety of corporate job opportunities. MBA programs draw students from a variety of educational disciplines, including humanities, business, and science. While most MBA programs last two years, divided into four semesters, certain private universities provide one-year PGDM degrees. Compare the essential qualities of India’s top MBA colleges to find the one that best fits with your goals.
10. Institute of Management Technology, Ghaziabad
At the Institute of Management Technology (IMT), students may choose to specialize in advertising financial management, human resources, or operations management during their two-year MBA program.
Students can also pick minor specialties in business analytics, information technology, strategy innovation and entrepreneurship, and economic environment and policy.
Hands-on seminars in design thinking and innovation, data science and analytics, and commercialization and new enterprises supplement the program’s demanding curriculum and summer internships.
It’s no surprise that graduates earn substantial salaries: the average for the Class of 2022 was INR 1,600,000 ($19,059).
9. Great Lakes Institute of Management, Chennai
The MBA at Great Lakes Institute of Management is designed for professionals with less than three years of experience, but this does not imply that it is a light program.
On the contrary, the institution welcomes visiting academics from Ivy League universities in the United States, such as Kellogg, Stanford, and Yale.
The program incorporates experiential learning, in which students solve real-world business challenges with the help of a business mentor.
Global names including as Deloitte, EY, Amazon, HSBC, and Accenture are recruiting Great Lakes graduates, with an average post-graduation income of INR 1,450,000 ($17,271) in 2022.
8. MICA, Ahmedabad
MICA is one of India’s top universities for data specialism. The two-year MBA program provides a variety of specialties, including data science and business analytics, advertising and brand management, digital communication management, and media and entertainment management.
In addition, students may choose a minor focus in sales and customer relationship management.
A mandatory summer internship between the first and second years is an important component of the MICA MBA experience, providing students with practical industrial experience in the career of their choice.
After graduation, MICA graduates have very good job chances. In 2022, MICA graduates earned an average of INR 1,900,000 ($22,641). To apply, individuals must have a valid score on the GMAT, CAT, or XAT tests.
7. Amity University, Noida
Amity University is a highly valued institution. In addition to its residential MBA program, which is listed in the top 30 overall programs in India by NIRF, its online MBA is among the finest in India, rating higher than any other Indian institution in the QS Online MBA rankings 2024.
The program’s alternatives include various, including concepts such as leadership, influence, and power, product and brand management, and technological and innovation management.
In 2022, Amity University graduates earned an average salary of INR 600,000 ($7,146).
Applicants must have a minimum GMAT score of 550 (which is about 525 under the new GMAT scoring system), MAT score of 650, or CMAT score of 200 to be considered for admission.
6. Amrita Vishwa Vidyapeetham, Coimbatore
The MBA program at Amrita Vishwa Vidyapeetham is extremely customisable to students’ aspirations, including specializations in:
AI, Business Analytics, and Finance, Human resources, Marketing Operations.
Students can also apply to a dual degree program at the University of Buffalo in New York, where they can earn an MS in Business Analytics in addition to their MBA.
In besides classroom instruction, students participate in a variety of hands-on pursuits. This includes a summer internship, business research projects, a capstone business simulation program, and the opportunity to get extra certificates from companies such as IBM and SHRM.
In 2022, Amrita Vishwa Vidyapeetham MBAs earned an average post-MBA salary of INR 810,500 ($9,654). To apply, you must have a valid score from the CAT, XAT, MAT, CMAT, or GMAT.
5. SVKM’s Narsee Monjee Institute of Management Studies in Mumbai
The MBA program at NMIMS has 600 seats, making it one of the largest classes on this list. Students learn the fundamentals of business before deciding which area of expertise to focus on in their second year. In addition to classroom instruction, students attend CEO lectures and participate in business simulation games, psychological profiling, and personality development seminars.
After graduation, the NMIMS class of 2022 earned a remarkable average salary of INR 2,135,000 ($25,431). To be eligible for the program, you must first pass the NMAT exam.
4. SP Jain Institute of Management and Research in Mumbai.
SP Jain is one of the top MBA institutions in Mumbai, ranking 20th on NIRF’s list of the best MBA colleges in India.
SP Jain, which has been named one of the top schools in the world for social impact, also provides immersive learning experiences such as the ‘PGLab’, a personal leadership development workshop that focuses on people management abilities. SP Jain graduates earn some of the highest average earnings among top private MBA programs in India. In 2022, the average pay was INR 3,200,000 ($38,116), the highest on the list. To be considered for a position, you must have a valid CAT or GMAT score and attend a personal interview.
3. Symbiosis Institute of Business Management in Pune
Symbiosis Institute of Business Management is one of Pune’s finest MBA colleges, with a forward-thinking curriculum.
Core courses emphasize data-driven decision-making and supply chain management, while electives address India-specific issues like:
- Doing Business In India
- Indian Ethos and Values in Management
- Indian Film Industry: A Business Perspective
Students can also choose to concentrate in marketing, human resources, finance, operations and supply chain management, or data analytics.
Symbiosis Institute graduates receive exceptional salary packages upon completion of the program. The average for 2022 was INR 2,400,000 ($28,587).
2. Management Development Institute (MDI) Gurgaon, Gurugram
MDI Gurgaon is without a doubt one of the best private MBA institutes in India.
The school is accredited by several prominent organizations, including the All India Council for Technical Education and the Association of Indian Universities. This indicates that a graduation from MDI Gurgaon is comparable to completing a government program.
The school provides specializations in:
- Finance and accounting
- Management of operations
- Strategy for marketing
- Data management
Students can also study for one term at a partner university abroad, with partners including management schools in France and Japan.
MDI Gurgaon is well-known for its impressive job placement rates. Most career placement offers for MDI Gurgaon students are from consultancy and financial services organizations, with average incomes of INR 2,613,000 ($31,125) in 2022.
In order to be considered, you will need at least three years of postgraduate work experience and a valid CAT score. To learn more, read our MDI Gurgaon MBA Application Insider.
1. XLRI-Xavier School of Management in Jamshedpur
Finally, we come to the two-year MBA program at XLRI-Xavier School of Management, which is ranked ninth overall by NIRF and will be India’s top private MBA college in 2024.
Students can specialize their MBA in the following fields:
- Human Resource Management
- Business management
- General management
- Innovation, entrepreneurship, and venture development
- Logistics and Supply Chain Management
XLRI Jamshedpur also provides unique practical learning opportunities, such as the Village Exposure Programme, a consultancy initiative in which students use their business experience to solve challenges for rural communities.
Perhaps not surprisingly for such a prestigious institution, 2022 alumni from XLRI Jamshedpur had the second-highest average salary on our list, at INR 3,024,000 ($36,021).
The curriculum requires at least three years of work experience and a score on the XAT 2024, GMAT, or GRE.
Conclusion
I genuinely hope you appreciated it. We have covered every topic of the top MBA institutions in India in detail here, which will be extremely useful for both those preparing for the course and future students who decide to apply for MBA admission. If you need help, please contact The Career Counsellor. They are the best education advisors in India and can help you gain admission to MBA programs, allowing you to achieve your dreams.