Formal education is revered in India, and the MBA or Master of Business Administration is one of the most popular courses open to aspirants hopeful of earning big bucks and making a name for themselves in the corporate world.
There are too many top MBA colleges in India, and sometimes too much of everything is not a good thing. Students get confused as the innumerable number of colleges offers a different type of campus facilities, teaching programs, and placement options. The key to achieving set goals is to know which one is the best and choosing the best possible option amongst them.
Factors like fees, course availability, location of the institute, and good reputation matters a great deal to the students. As per the experts, the students mustn’t compromise and instead choose a reputed college as it carries ample weight during job recruitment.
Some of the top MBA colleges in India are mentioned below for your benefit. Glance through it before making a decision that can change your life.
Top 9 MBA Colleges in India
1. Indian Institute of Management Ahmedabad or IIMA
Are you looking for a top-rated B-school that is known for producing some of the well-known talents and future leaders in the industry? Established in the year 1961, the Indian Institute of Management Ahmedabad is currently the top MBA Colleges in India in the category of government colleges. It is set up at Vastrapur in Ahmedabad via collaborative efforts of the Government of Gujarat, Government of India, and Indian industry to function as an independent institute.
Indian Institute of Management Ahmedabad offers several programs like PGP-ABM, FPM, PGP-FABM, EPGP, PGP, and PGPX, etc. Eligibility for each course of the top MBA colleges in India is different and is decided by the institute. The fee structure varies between Rs 23 lakhs to 25 lakhs depending upon the course which you have chosen.
The institute provides an efficient learning experience to its students because of the use of advanced and modern technologies. The best thing about studying from IIMA is that the placement opportunities are excellent as big-guns from the industry like Deloitte, Oliver Wyman, Goldman Sachs, etc. recruit directly from the campus. Notable IIMA Alumni are Raghuram Rajan, Arvind Subramanian, and Ashish Nanda.
2. Indian Institute of Management Bangalore or IIMB
Being awarded the “Asia Pacific HRM Congress Awards 2017” has been a coup in the feather for the Indian Institute of Management Bangalore. It was established in the year 1973 and is located at Bannerghatta Road in Bengaluru. The Wi-Fi enabled campus of the top MBA colleges in India is equipped with modern technologies and an excellent and colossal library to facilitate a rich experience to its students.
IIMB offers Executive, Doctoral, and Post Graduate Education Programs along with degree programs across several domains like PGP, PGPPM, and EPGP. The institute sets the eligibility criteria for each course, although the students have to clear entrance exams through CAT or GMAT.
The fee structure of the top MBA colleges in India IIMB is estimated at Rs 23 lakhs, but the students generally recover it in the first year itself. Companies like Microsoft, Accenture, Axis Bank, Zensar and ICICI Bank offers job opportunities to deserving candidates through its Placement Cell program. Notable IIMB Alumni that have left a mark of their own are K. Radhakrishnan, Deepak Ohri, Karan Bajaj, and Gopal Krishna Nayak.
3. Indian Institute of Management Calcutta or IIMC
With estimated fees of Rs 23 lakhs, the Indian Institute of Management Calcutta or IIMC boasts of offering the highest quality of education to its students through its Consulting and Research activities, PG and Doctoral level programs as well as Executive Training Programs. The degree course of the top MBA colleges in India includes options like PGPEX, PGDM, PGDBA, FPM, and PGPEX-VLM.
IIMC is an autonomous institute that is considered the top MBA colleges in India and the most excellent B-schools in Asia. It was established in the year 1961 at Kolkata by the Government of India. The popular B-school boasts of a global reputation, and that is why it has set up the selection and eligibility criteria based on the score earned in the CAT, WAT, or PI exams and work experience.
IIMC offers a competitive, innovative, and ethical environment to its students to encourage a great learning experience. Since its inception, it has been the best in the business and is credited for producing responsible citizens. Notable IIMC Alumni are Dan Gode, Sunil Alagh, Gopal Vittal, Amish Tripathi, and Shantanu Khosla.
4. Indian Institute of Management Lucknow or IIML
Situated in Lucknow, Uttar Pradesh, the Indian Institute of Management Lucknow is one of the prominent and top MBA colleges in India. Established in the year 1984, its fee structure is less than the IIMA, IIMB, and IIMC at an estimated Rs 19 lakhs.
Known as the “Institution of Excellence,” IIML offers Fellow Programs like FPM and FPM, Executive Programmes like IPMX and WMP, and Post Graduate programs like PGPSM, PGP-ABM and PGPM to its students. The institute itself decides the eligibility criteria and selection process although scores of CAT, GMAT, GATE, etc. matter a great deal.
Summer internships are provided in several domains like digital marketing, business development, market research, finance, analytics, consulting, etc. IIML offers a rich experience to its students with the help of modern technology, excellent infrastructure, and highly efficient teaching staff. It conducts conferences, seminars, research, and group discussions to hone the communication skills, personality, and knowledge of its students. Notable IIML Alumni are Gaurav Agarwal and Gayatri Iyer.
5. Indian Institute of Technology Kharagpur or IITK
If you are looking for one of the top MBA colleges in India with a reasonable fee structure, then look no further than the Indian Institute of Technology Kharagpur. At estimated fees of Rs 9.25 lakhs, it is simply the best in business for students who cannot afford the high fee structure of notable IIM institutes.
The Indian Institute of Technology Kharagpur is an autonomous government college that was established in the year 1950 at Kharagpur in West Bengal. It has put its onus on the overall development of the students via a high-end curriculum so that they can secure jobs in the top companies of the world.
IIT Kharagpur has been acknowledged as the top MBA colleges in India placement wise. It offers one hundred and fifty-three courses, for instance, PG Diploma, MBA/PGDM, BSc, Executive MBA/PGDM, etc. spread in nine streams like Law, Engineering, Design, and Medicine & Health Sciences, etc.
6. Indian Institute of Management Kozhikode or IIMK
The fifth IIM to be established by the Government of India is the Indian Institute of Management Kozhikode in the year 1996. This is one of the top MBA Colleges in India and has the distinction of being the first in Asia to think about the working executives and launch a distance learning program in management for them.
If you look at the topmost ranking of MBA colleges in India by economic times, then one prominent name on the list will be IIMK. The highly qualified teaching staff has been its asset from the beginning who have taken the help of international conferences and interactive seminars to produce some of the best talents in the industry.
IIMK offers several courses to its students like EPGPM, PGPM, MDP, FPM, and FDP. Still, everyone has to clear the mandatory entrance examination CAT for securing admission to this erstwhile institute. World-class infrastructure and dedicated staff have helped it in becoming the best management schools in India. As per the institute records, the expected average salary and the highest expected salary in placement 2020 is nearly Rs. 13 lakhs and Rs 58 lakhs, respectively.
7. Indian Institute of Management Indore or IIMI
Established in the year 1996, the Indian Institute of Management Indore or IIMI is currently one amongst the top MBA colleges in India in the category of public colleges. As the name suggests, it is set up at Indore in Madhya Pradesh by the Government of India to function as an independent institute.
Indian Institute of Management Indore offers several academic programs like PGP-Mumbai, FPM, FDP, IPM, EPGP, MDP, VLPE, PGP, and PGPX-Mumbai, etc. Students have to clear the mandatory CAT entrance examination for securing admission to this institute. It also offers student exchange programs spread across sixteen countries.
Spread over 193 acres, the top MBA colleges in India IIMI boasts of a high-end library, lecture theatre, computer labs, sports facilities, hostel facilities, etc. The fee structure is different for the various courses and ranges between Rs 16 lakhs to 20 lakhs for domestic students and nearly 25 lakhs for international students.
8. Xavier School of Management XLRI Jamshedpur
Xavier School of Management XLRI Jamshedpur is the oldest business school in India, as well as one of the oldest ones in the world. It was established at Jamshedpur in the year 1949 and is considered one of the top MBA colleges in India in the private category.
Its popularity is immense, and that is why nearly one hundred companies like Aditya Birla Group, Deloitte, PWC, and Goldman Sachs, etc. visit the school to offer job placements to the students. The highest stipend to be provided varies between 2.5 lakh rupees to 1.65 lakh rupees per month.
XLRI Jamshedpur offers its students various courses, for instance, PGDM-BM, PGDM-GMBA, PGDM-GM, PGDM-HRM, FPM, and MPOD, etc. The fee structure for each course is different and varies between Rs 20 lakhs to an estimated 24 lakh rupees. Notable Alumni from XLRI are Vineet Nair, Arun Maira, B Muthuraman, and Rakesh Kapoor.
9. Indian Institute of Technology Bombay or IITB
Indian Institute of Technology Bombay or IITB is a government college established in the year 1958 at Bombay in Maharashtra. It is one of the oldest and premier institutes in India known for achieving excellence in the overall development of its students.
IITB offers several courses to its domestic as well as international students like BSc, B Tech, MTech, BDs, etc. The popularity of the institute is enormous and this is why they are ready to participate in international and national competitions.
Some of the best companies grace the placement cell of the IITB and offer job opportunities to the noteworthy graduates. This top MBA College in India has been adorned with IoE or the “Institute of Eminence” that grants autonomous status to it.
Gaining admission to the top MA schools is the dream of every student, and this is why they are on the look-out to find the best possible institute that will help in making this dream come true.
The cost of studying in the top MBA colleges in India can be high, but at the end of the day, it is worth every penny. Most of the colleges also offer attractive scholarship programs to worthy students to make their journey easy. It is better to opt for a top grade school as it will prove a boon in the days to come.