Top MBA Colleges 2024: Ranking, Fees, Admissions, Courses, Placements

There are about 100+ top MBA colleges in India. Out of which, 64 colleges are privately owned, 43 colleges are owned by public/government organisations, and public-private organisations own 1 college. CAT, XAT, and CMAT are the main accepting exams in the best MBA colleges in India. Some of the popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode.

Latest Update:
  • The MAH MBA CET 2024 counselling registration for admission to the MBA/PGDM/MMS courses is open and the last date to apply has been extended to Jul 27, 2024 ( up to 5 PM). Further, the final merit lists will be displayed on Jul 30, 2024.
  • The XAT 2025 exam will be conducted on Jan 5, 2025.
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Top MBA Colleges in India FAQs

Q: How many MBA colleges are there in India?

A: There are about 100+ top MBA colleges in India. Out of which, 64 colleges are privately owned, 44 colleges are owned by public/government organisations, and public-private organisations own 1 college. CAT, XAT, and CMAT are the main accepting exams in best MBA colleges in India. Some of the popular colleges include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, DMS IIT Delhi, IIM Lucknow, IIM Indore, IIM Raipur, IIM Rohtak, and many others. Top recruiters for MBA are Amazon, Apple, Bain & Company, Citigroup, Deloitte, Facebook, Accenture, etc.


Q. Which is the No 1 colleges for MBA in India?

A. IIM Ahmedabad is the no. 1 MBA college in India. Gujarat is home to the public business school IIM Ahmedabad, also known as IIM-A, which was founded in 1961. The MHRD, Government of India, has given the institute the designation of "Institute of National Importance." It is regarded as India's top institution for management education and received the top spot in the 'Management' category of the NIRF Rankings 2023.

The table below shows the top MBAcolleges in India along with their NIRF ranking for past three years, i.e. from 2021 to 2023:

College Name NIRF 2021 NIRF 2022 NIRF 2023
Indian Institute of Management, (IIM) Ahmedabad 1 1 1
Top MBA Colleges 2 2 2
Indian Institute of Management, (IIM) Kozhikode 4 5 3
Indian Institute of Management, (IIM) Calcutta 3 3 4
Indian Institute of Technology, (IIT) Delhi 5 4 5
Indian Institute of Management, (IIM) Lucknow 7 6 6
IIM Mumbai (formerly known as NITIE) 12 9 7
Indian Institute of Management, (IIM) Indore 6 7 8
XLRI-Xavier School of Management 12 12 9
Indian Institute of Technology Bombay 10 11 10

Q. Which are the top private MBA colleges along with their total tuition fee in India?

A. Listed below are the private top rated MBA colleges in India along with their total tuition fee and seat intake:

College Name Total Tuition Fee/Seat Intake
XLRI MBA Admission INR 29 lakh Seats: 1,310
MDI MBA Admission INR 25 lakh Seats: 750
SIBM Pune MBA Admission INR 22 lakh Seats: 282
SPJIMR MBA Admission INR 20 lakh Seats: 780
NMIMS School of Business Management MBA Admission INR 12 lakh Seats: 990
Amity University Noida MBA Admission INR 5 lakh Seats: 120
LPU MBA Admission INR 8 lakh Seats: 500

Q: How much percentile is a good score in CAT exam?

A: The CAT (Common Admission Test) is a highly competitive entrance exam for admission to various management programs offered by top business schools in India. The percentile score in CAT exam is based on the relative performance of the test taker compared to all the other test takers. The cutoff percentile for admission to top business schools varies from year to year and also depends on factors such as the number of candidates, difficulty level of the exam, and the number of available seats. In general, a percentile score of 90 or above is considered a good score and can help you secure admission to some of the top business schools in India. However, to increase your chances of admission to the top-tier business schools, a percentile score of 95 or above is preferred.


Q. Which are the top specialisations offered by the top MBA colleges in India?

A. In India, the MBA degree is offered in various specialisations. The top specialisations offered by the top B Schools in India are:

Top Specialisations Number of Colleges
Finance 62
Sales & Marketing 60
Human Resources 57
Operations 47
IT & Systems 28

Q. What is the cost of studying MBA in top colleges in India?

A. Pursuing MBA courses in colleges in India is expensive as most of the colleges have a total tuition fee of more than INR 5 lakh. Tabulated below is the number of top rated MBA colleges in India along with their total tuition fee structure:

Fee Range Names of Colleges
< INR 1 lakh JMI, BHU, Panjab University, etc.
INR 1-2 lakh NIT Trichy, UPES, IFHE Hyderabad, etc.
INR 2-3 lakh Guru Gobind Singh Indraprastha University, MNIT Jaipur, Chitkara Colleges of Sales & Marketing, etc.
INR 3-5 lakh IIT Kharagpur, IIT Roorkee, IIM Ranchi, etc.
INR > 5 lakh IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, etc.

Q: What is the XAT question paper pattern?

A: XAT question paper is similar to other MBA entrance exams, i.e. it has a limited number of MCQs. Check the table below for th pattern of XAT question paper:

XAT Exam Structure XAT Exam Details
Mode of examination Online
XAT sections Part 1- Decision Making, Verbal & Logical Ability, Quantitative Ability & Data Interpretation
Part 2- Mock keyboard testing
Part 3- General Knowledge and Essay Writing
Duration of exam 3 hours and 30 minutes
Number of questions 105
Total marks 105
Number of answer choices Five
XAT marking scheme 1 mark awarded for every correct answer
0.25 marks deducted for every incorrect answer
- 0.10 mark deducted for more than 8 un-attempted consecutive questions
No negative marking in GK section

Candidates must check out previous years' XAT question papers to have an understanding of the paper pattern, topic-wise weightage and types of questions. These official XAT question papers are available in PDF format for free download. They can download the question paper PDFs for practicing XAT questions.

Q. What are the job profiles offered after completing MBA in India?

A. The table below shows the various job profiles available for MBA graduates in India along with their annual average package:

MBA Job Profiles Annual Average Package
Finance Manager INR 17.5 LPA
Marketing Manager INR 12.8 LPA
Sales Manager INR 6.6 LPA
Human Resources Manager INR 12.2 LPA
Operations Manager INR 10.8 LPA

Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

Q: How much percentile is a good score in CAT exam?

A: The CAT (Common Admission Test) is a highly competitive entrance exam for admission to various management programs offered by top business schools in India. The percentile score in CAT exam is based on the relative performance of the test taker compared to all the other test takers. The cutoff percentile for admission to top business schools varies from year to year and also depends on factors such as the number of candidates, difficulty level of the exam, and the number of available seats. In general, a percentile score of 90 or above is considered a good score and can help you secure admission to some of the top business schools in India. However, to increase your chances of admission to the top-tier business schools, a percentile score of 95 or above is preferred.

Q. What is the eligibility criteria for top MBA colleges in India?

A. The eligibility criteria for Indian best MBA colleges may differ from one college to another. However, the essential MBA eligibility criteria are as follows:

  • Candidates must have passed graduation in any discipline or equivalent from a recognised university as an essential eligibility criteria for MBA (full-time).
  • Most institutes follow the minimum score criteria in graduation which are 50% aggregate or equivalent CGPA. For reserved category students, the minimum score is 45% aggregate or equivalent CGPA.
  • Final-year graduation candidates are also eligible to apply for MBA, provided they present the proof of completion of graduation degree within the duration specified by the institute.

Q. Which college has the best placement for MBA in India?

A. IIM Ahmedabad and IIM Bangalore offered the highest placement package of INR 32 LPA and the prominent recruiters include Boston Consultancy, TCS, Axis Bank, Larson and Toubro, Amazon, Sunsilk, etc.

The best MBA colleges in India along with their annual average package are tabulated below:

College Name Placement Package Top Recruiters
IIM Ahmedabad MBA Placements INR 32 LPA Boston Consultancy, TCS, Axis Bank, Larson and Toubro,
Amazon, Sunsilk, etc.
IIM Bangalore MBA Placements INR 32 LPA Accenture, Amazon, Paytm, Microsoft, Vedanta,
Mckinsey, Nielsen Bangalore, etc.
IIT Delhi MBA Placements INR 24 LPA RB, Wipro, Synergy Consulting, ICICI Bank, Amway, SHELL, etc.
IIM Kozhikode MBA Placements INR 27 LPA Microsoft, Accenture, Amazon, Deloitte, Capgemini,
TCS, HCL, Cognizant, Abbott, HDFC Bank, Yes Bank, etc.

Q: Are six months enough to prepare for CAT?

A: Usually, it is recommended to start CAT preparation about a year or nine months in advance. However, one can prepare for this exam even in six months if they put 8-10 hours daily into it. Candidates who have attempted the CAT before may not face a lot of hurdles in six-month preparation as they have a foundation in CAT preparation from previous year, but candidates who are appearing in the exam for the first time may face obstacles, mostly related to accuracy. The syllabus of CAT is vast and includes a lot of reading. One also has to spend a lot of time in practice sessions and mock tests to be able to master all types of CAT questions - easy, moderate and tough. If you are a student of engineering/technical or commerce background you will need to pay extra attention on VARC . However, you'll be able to manage the syllabus of DILR and Quantitative Aptitude with adequate practice of topics. But if you are a student from Arts background, it is advised to start CAT preparation much earlier because you will have to brush up a lot of Mathematics. Reading Comprehension is one subject that cannot be mastered by student belonging to any academic stream, if their English comprehension is not strong. To develop reading habit all CAT aspirants will have to start much earlier.

Q. Who are the top recruiters for MBA colleges in India?

A. MBA graduates are in high demand in every industry and in every domain. Most of the best institute for MBA in India provide campus placement to their students on completion of the full-time MBA course for a smooth beginning of their career. The top recruiters for MBA colleges in India are:

  • Accenture Strategy
  • Amazon
  • The Boston Consulting Group
  • Brain & Company
  • McKinsey & Company

Q: Is the CAT syllabus difficult?

A: Yes, the difficulty level of CAT syllabus is very high as compared to other MBA entrance exams. However, if you prepare well and follow the CAT exam pattern well, you will be able to score well. Besides having an understanding of the CAT syllabus 2023, candidates also need to be well aware of the CAT exam pattern before they start preparing for the exam. The CAT exam pattern was revised in 2021 and the number of questions were reduced from 76 to 66. The structure of CAT 2022 exam was the same. The syllabus is still tougher than other exams.

The most important things to keep in mind are:

  1. CAT exam mode is online
  2. Each question carries three marks 
  3. There is negative marking of minus one mark for wrong attempts

The section-wise distribution of questions and difficulty levels as per the latest CAT exam pattern are listed below:

  • Quantitative Ability (QA) - 24 questions, difficulty level - moderate to high 
  • Data Interpretation and Logical Reasoning (DILR) - 20 questions, difficulty level - moderate 
  • Verbal Ability and Reading Comprehension (VARC) - 22 questions, difficulty level - moderate. to high

Q. Which is the No 1 IIM in India?

A. IIM Ahmedabad emerged to be the No. 1 position as per NIRF ranking 2023. Listed below are the top 5 B-Schools in India as per NIRF ranking 2023:

College Name NIRF 2023
Indian Institute of Management, (IIM) Ahmedabad 1
Indian Institute of Management, (IIM) Bangalore 2
Indian Institute of Management, (IIM) Kozhikode 3
Indian Institute of Management, (IIM) Calcutta 4
Indian Institute of Technology, (IIT) Delhi 5

Q: What are the qualifying CAT cutoffs for all the IIMs?

A: Qualifying CAT cut off percentiles of Iims for Written Ability Test (What) and Personal Interview PI for the batch of 2023-25 are listed below. Candidates who MET the qualifying CAT cut off, were eligible for What-PI round. These qualifying CAT cut offs are for General Category. The cut offs for Reserved category students are lower:
1. IIM Ahmedabad: 85 percentile
2. IIM Bangalore: 85 percentile
3. IIM Calcutta: 85 percentile
4. IIM Lucknow: 90 percentile
5. IIM Kozhikode: 85 percentile
6. IIM Indore: 90 percentile
7. IIM Udaipur: 93 percentile
8. IIM Shillong: 75 percentile
9. IIM Trichy: 93 percentile
10. IIM Visakhapatnam: 80 percentile
11. IIM Rohtak: 95 percentile
12. IIM Nagpur: 85 percentile
13. IIM Jammu: 93 percentile
14. IIM Ranchi: 90 percentile
15. IIM Sirmaur: 92 percentile
16. IIM Bodhgaya: 93 percentile
17. IIM Sambalpur: 93 percentile
18. IIM Kashipur: 94 percentile
19. IIM Raipur: 93 percentile
20. IIM Amritsar: 90 percentile
For complete details of IIM selection and admission process read this article: https://www.shiksha.com/mba/articles/iim-shortlist-selection-admission-criteria-blogId-18787.

Q: How many seats are there in top MBA colleges in India?

A: Listed below are some of the MBA best colleges in India along with their seats available in each college:

College Name Seat Intake
XLRI 1,080
MDI 420
SIBM Pune 282
SPJIMR 720
IIM Ahmedabad 50
IIM Bangalore 635

Q: Which are the top 10 MBA colleges in India with fees and placements?

A: Refer to the table below for a detailed overview of the top 10 MBA colleges in India with fee structure and annual average package:

College Name Total Tuition Fee Annual Average Package
IIM Ahmedabad MBA INR 25 lakh INR 30 LPA
IIM Bangalore MBA INR 25 lakh INR 33 LPA
IIT Delhi MBA INR 11 lakh INR 24 LPA
IIM Kozhikode MBA INR 21 lakh INR 27 LPA
IIM Lucknow MBA INR 13 lakh INR 30 LPA
XLRI MBA INR 29 lakh INR 30 LPA
IIM Mumbai MBA INR 6 lakh INR 22 LPA
IIM Raipur MBA INR 14 lakh INR 20 LPA
IIM Rohtak MBA INR 9 lakh INR 18 LPA
IIM Udaipur MBA INR 19 lakh INR 19 LPA

Q: What are the affordable MBA colleges in India?

A: Pursuing MBA courses in colleges in India can be affordable. Below is a list of affordable colleges with fees ranging from less than INR 1 lakh

Low-cost Colleges Total Tuition Fee
Jamia Millia Islamia INR 47,000
Jamia Millia Islamia INR 88,000
Tezpur University INR 63,000
SKCET INR 41,000
Visvesvaraya Technological University INR 25,000

Q: What are the top MBA colleges accepting CAT score in India?

A: The table below shows the top MBA colleges accepting CAT score in India along with their total tuition fees:

Top Colleges Total Tuition Fee
IIM Ahmedabad INR 25 lakh
IIM Bangalore INR 25 lakh
IIM Kozhikode INR 21 lakh
DMS IIT Delhi INR 11 lakh
IIM Lucknow INR 13 lakh

Q: What are the top integrated MBA colleges in India?

A: In India, the Integrated MBA course is offered by various top institutes. Check below the list of 5-year integrated MBA top colleges along with their average placement package and fee:

Name of the institute Fee Average Placement Package
IIM Indore INR 35 lakhs INR 27.2 LPA
IIM Rohtak INR 33.9 lakhs INR 19.27 LPA
IIM Ranchi INR 15.48 lakhs INR 19.13 LPA
IIM Jammu INR 20.7 lakhs INR 16.50 LPA
Mumbai University INR 1.69 lakhs INR 4 LPA
Narsee Monjee Institute of Management Studies INR 44 lakhs NA
Nirma University Institute of Management INR 19.65 lakhs INR 3.6 LPA
Jindal Global Business School INR 17.5 lakhs NA
Devi Ahilya Vishwavidyalaya, Indore INR 2.1 lakhs INR 7.3 LPA
Kurukshetra University INR 2.17 lakhs INR 3 LPA
NIIT University INR 10.45 lakhs NA

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