In India, there are about 99+ MBA colleges out of which 64 colleges are owned privately while 44 are owned by government or public organisations.1college is owned by a public-private organization. To study MBA in India one has to crack the CAT, XAT, or CMAT as these are the main accepting exams.
One of the most pursued postgraduate courses in India is the MBA or Master of Business Administration. It is a two-year course that smooths the way for numerous corporate opportunities. This course is chosen by students of all backgrounds including humanities, business, and science. MBA is generally a two-year post-graduate course whereas few private universities provide a one-year PGDM course.
Key Features of the Best MBA Colleges in India
| Specification | Statistics |
| No. of MBA Colleges | 99+ |
| Top MBA Colleges | IIM Ahmedabad, IIM Kozhikode, IIM Calcutta, IIM Bangalore, etc. |
| Top Distance MBA Colleges | XLRI Xavier School of Management, SRM Institute of Science and Technology, IGNOU, etc. |
| Annual Fees | INR < 2 lakh: 6 Colleges
INR 1-3 lakh: 6 Colleges INR 2-4 lakh: 5 Colleges INR 3-5 lakh: 9Colleges INR > 5 lakh: 77Colleges |
| Top Specialisations | Finance, Sales and Marketing, Human Resources, etc |
| Accepted Entrance Exams | CAT, XAT, CMAT, MAT, etc. |
| No. of Top MBA Colleges | 21 IIMs
23 IITs |
Eligibility Criteria to Study MBA in India
The eligibility to get into top universities for an MBA in India differs from college to college. However, the common eligibility criteria include:
- Candidate must have a graduate degree in any stream from a recognized university.
- The minimum score in graduation must be 50%
- Final-year students can also apply by providing proof of completion of the degree within the specified period.
List of MBA colleges to study in India: Required Exam
CAT-CAT stands for Common Admission Test. It is a national-level management aptitude test for admission to MBA courses in IIM colleges in India.
XAT: XAT stands for Xavier Aptitude Test. It is a national-level management exam organized by XLRI Jamshedpur. It is taken to get admitted into MBA/PGDM programs.
MAT: MAT stands for Management Aptitude Test, Conducted by the All India Management Association (AIMA) this is a national-level exam organized for candidates wanting to pursue MBA/PGDM Degrees.
Top MBA Colleges in India based on NIRF Ranking 2023
| COLLEGE NAME | NIRF RANKING 2023 |
| IIM Ahmedabad | 1 |
| IIM Bangalore | 2 |
| IIM Kozhikode | 3 |
| IIM Calcutta | 4 |
| IIT Delhi | 5 |
| IIM Lucknow | 6 |
| IIM Mumbai (NITIE) | 7 |
| IIM Indore | 8 |
| XLRI | 9 |
| IIT Bombay | 10 |
As stated above many MBA colleges in India are owned by both private institutions as well as government. To help you understand in a better way we have curated separate lists for colleges owned by private bodies and colleges owned by government institutions. Let us first have a look at the Top Private MBA colleges in India.
| Name of College | Tuition fees | Seat Availability | Entrance Exam | Eligibility |
| XLRI MBA Admission | INR 30 Lakh | 1315 | XAT, GMAT | Graduation-50% aggregate |
| MDI MBA Admission | INR 26 Lakh | 755 | CAT, XAT, MAT, GMAT | Graduation-50% aggregate |
| SIBM Pune MBA Admission | INR 23 Lakh | 280 | SNAP | Graduation-50% aggregate |
| SPJIMR MBA Admission | INR 20.1 Lakh | 785 | CAT | Graduation-50% aggregate |
| Amity University Noida | INR 6.5 Lakh | 125 | MAT, XAT, CAT, NMAT, etc | Class 12-75%
Graduation-65% aggregate |
| NMIMS School of Business Management | INR 12.5 Lakh | 995 | NMAT | Graduation-60% |
| LPU MBA Admission | INR 9 lakh | 550 | LPU NEST,MAT,XAT,CAT etc | Class 12-65%
Graduation-60% aggregate |
Top Government MBA Colleges in India
Among the top colleges to study MBA in India, here is a list of colleges owned by the government.
| Name of College | Tuition fees | Seat Availability | Entrance Exam | Eligibility |
| IIM Ahmedabad | INR 26 Lakh | 55 | CAT, GATE | Graduation-50% aggregate |
| IIM Bangalore | INR 26 Lakh | 630 | CAT | Graduation-55% aggregate |
| IIT Delhi | INR 12 Lakh | 90 | CAT | Graduation-65% aggregate |
| IIM Kozhikode | INR 22 Lakh | 481 | CAT,EMAT | Graduation-55% aggregate |
| IIM Lucknow | INR 14 Lakh | 430 | CAT | Graduation-55% aggregate |
| IIM Raipur | INR 15 Lakh | 250 | CAT | Graduation-55% aggregate |
| IIM Rohtak | INR 19 Lakh | 181 | CAT, IPM Aptitude test | Class 12 with-65% aggregate |
List of Top MBA Colleges in India for Distance Study
Distance education is a cost-effective form of education that has proven to be of benefit to many students as it helps save a significant amount of money as compared to the traditional form of education. Luckily this option is also available for students who want to pursue MBA degrees. Below mentioned is a list of Top Distance MBA Colleges in India.
| MBA College | Tuition fees | Seat availability |
| XLRI Xavier School of Management | INR 15 Lakh | NA |
| SRM Institute of Science and Technology | INR 65,000 | 1250 |
| National Institute of Agriculture Extension Management | INR 20,000 | NA |
| Neville Wadia Institute of Management Studies and Research | INR 4.5 Lakh | 125 |
| Indian Institute of Finance | INR 2.5 Lakh | NA |
| IGNOU | INR 60,000 | NA |
| College Name | Average Median package | Top Recruiters |
| IIM Bangalore | INR 31 LPA | ITC, TATA, Amazon, etc. |
| IIM Calcutta | INR 30 LPA – INR 35 LPA | McKinsey, Deloitte, Infosys, etc |
| IIM Ahmedabad | INR 25 LPA – INR 35LPA | Boston Consultancy Group, Deloitte, Larson Group etc |
| IIM Lucknow | INR 35 LPA | Deloitte, BCG, Accenture etc |
List of MBA Colleges in India: Cut-off (2023)
The cut-off for admission is fixed by institutes according to categories. The qualifying cut-off ranges between 80-90 percentile, the final cut-offs are much higher. Below we have mentioned a table with a cut-off percentile of a few IIMs.
| COLLEGE | CAT cut offs |
| IIM Ahmedabad | 90 percentile |
| IIM Bangalore | 90 percentile |
| IIM Calcutta | 90 percentile |
| IIM Lucknow | 90 percentile |
| IIM Kozhikode | 90 percentile |
| IIM Indore | 90 percentile |
| IIM Rohtak | 90 percentile |
| IIM Vishakhapatnam | 90 percentile |
| IIM Trichy | 93 percentile |
| IIM Udaipur | 93 percentile |
Conclusion
To Conclude India has many excellent options for Government and private institutions offering top-notch MBA/PGDM programs.With the article above we have tried to provide you with all the basic pieces of information required regarding studying MBA in India.Hope this article helps you successfully navigate through your journey of choosing the best MBA college in India.
FAQ
Can I get a good placement after studying MBA in India?
Yes, you can receive good placement after studying MBA in India as many prestigious MNCs hire candidates from MBA colleges.
How long does it take to prepare for CAT?
The ideal time for preparation of CAT is 6 months.
Is the CAT exam tougher than the IIT?
While both exams aim at filtering suitable candidates, some consider CAT to be a little tougher than IIT.
What is the average CTC of IIM students?
The average CTC of an IIM student ranges between 20 and 25 LPA.
Which Foreign country is best for an MBA?
Countries like The UK, USA, Canada, and Australia are considered the best for an MBA.
