Masters of Business Administration has been a choice for a wide range of students for building their careers. There are a large number of MBA colleges in India offering the 2 years program in Business Administration. That adds more fuel to the fire by adding a lot of confusion among students about choosing the best MBA colleges in India. So, here we are to help you destress while picking your dream MBA college in India.
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An MBA in India offers a wide spectrum of career opportunities for students. The selection criteria for admission to the best MBA colleges in India are based on the entrance examination followed by the group discussion or the personal interview. In most cases, students will have to secure at least 50-60% of marks in their academics throughout.
In India, there are almost 6,231 colleges, out of which 5,142 are private and 1,080 are government colleges. But here, we have shared information on the best MBA Colleges in India to offer students perfect options to choose from.
Best MBA Colleges in India and their Rankings
Now, let us look at the NIRF Rankings of the top-notch MBA institutes in India offering an MBA course. Through the understanding of the NIRF rankings, the decision–making about the same will be easier.
|Top 10 MBA Colleges in India||Latest NIRF Rankings|
|Indian Institute of Management, Ahmedabad||1|
|Indian Institute of Management, Bangalore||2|
|Indian Institute of Management, Calcutta||3|
|Indian Institute of Management, Lucknow||4|
|Indian Institute of Technology, Kharagpur||5|
|Indian Institute of Management, Kozhikode||6|
|Indian Institute of Management, Indore||7|
|Indian Institute of Technology, Delhi||8|
From the above list, IIM Ahmedabad is the top-ranked college. Although, the institute ranked at the 2nd position in India in 2019 ranking list. IIT Delhi has secured 8th ranking. While IIT Kharagpur is on the 5th. Another institute which has shown improvement this year is IIM Kozhikode.
After knowing about some of the best MBA colleges in India, students must be eager to know the fees required to study in the top MBA colleges. The fee structure is given below.
|Best MBA Colleges in India||Average Fees|
|St. Andrew Institute of Technology and Management||INR 1,25,000 PA|
|Indian Institute of Management, Ahmedabad||INR 23,00,000 PA|
|Amity University, Delhi||INR 10,00,000 PA|
|Indian Institute of Management, Kozhikode||INR 17,50,000 PA|
|Indian Institute of Management, Rohtak||INR 16,70,000 PA|
|IMT Ghaziabad||INR 19,00,000 PA|
|IILM, Greater Noida||INR 12,10,000 PA|
|Fore School of Management||INR 15,98,000 PA|
Best MBA Colleges in India with their Cutoffs
Let us now look at the average cutoffs released by different top-notch MBA institutes in India.
|Name of the Colleges||Cut Offs|
|St. Andrew Institute of Technology and Management||90 (CAT)|
|Indian Institute of Management, Ahmedabad||90 (CAT)|
|Indian Institute of Management, Bangalore||99 (CAT)|
|Symbiosis Pune||96 (SNAP)|
|Indian Institute of Management, Lucknow||97 (CAT)|
|XLRI, Jamshedpur||96 (XAT)|
|NMIMS, Mumbai||209 (NMAT)|
|MDI Gurgaon||94 (CAT)|
MBA Placement Trends
The MBA offered by best MBA Colleges in India focuses on developing existing managerial skills in the students. This leads to a hike in the salary of the student via job promotions or better opportunities.
Other than that, both public and private institutes offer decent placements to MBA students. Below mentioned are the important job roles that are offered after graduating from the best MBA colleges in India.
|General Manager – Finance||Senior Human Resource Manager||Marketing Manager|
|Product Manager||Head – Sales||Operation Manager|
|Digital Marketing Specialist||Sr. Business Analyst||NGO Manager|
Below mentioned are
The Placement Statistics of top MBA Colleges in India
- IIM Bangalore received 488 offers for its 411 students in the final placements 2017-19
- 129 companies visited IIM Bangalore campus this year.
- 15 students got international offers while 1 student opted to stay out of placements.
St. Andrew Institute of Technology and Management
- Approximately 50+ companies offered job roles to a total of 60 – 70 students.
- The institute received 1005 placement offers in the year 2019 – 2020.
- 104 recruiters offered job opportunities to the students of XLRI, Jamshedpur.
- 358 offers were made recently, guaranteeing 90% placements to MBA students.
- In the batch of 2017 – 2019, 106 companies visited the institute.
- The institute witnessed 36 new recruiters with the highest package up to INR 40.79 LPA.
Salaries Offered by the Best MBA Colleges in India
The salaries offered by the top MBA colleges varies as per the job roles offered by the companies. Let us have a look at the average compensation offered by the top recruiters in different MBA colleges.
|Name of the College||Average Salary|
|Indian Institute of Management, Ahmedabad||INR 33,00,000 PA|
|Indian Institute of Management, Bangalore||INR 29,80,000 PA|
|Indian Institute of Management, Calcutta||INR 26,90,000 PA|
|Indian Institute of Management, Indore||INR 22,92,000 PA|
|Indian Institute of Technology, Delhi||INR 22,69,000 PA|
|XLRI, Jamshedpur||INR 15,00,000 PA|
|MDI, Gurgaon||INR 22,05,000 PA|
MBA Eligibility at top MBA Colleges in India
Generally, admission to the management courses is conducted through various entrance examinations. The following is the list of popular management entrance examinations to study management courses in India.
Apart from the above mention entrance examinations, candidates must have solid educational credentials and work experience to be eligible for admission
- All the candidates who are planning to take admission in the MBA courses must possess a graduate degree or any equivalent degree from a recognized university.
- Most renowned colleges consider 50% as the minimum marks in Graduation. The requirements for IIM Ahmedabad, MDI Gurgaon, and others are almost similar.
- Adding to this, the renowned MBA colleges with advanced programs like the XLRI Jamshedpur demands relevant work experience.
- Along with this, some of the institutes like IIT Bombay have its eligibility as the 4 years of graduation course rather than the 3 years.
MBA has been a popular choice of students across the nation because of so many advantages as mentioned above. Top recruiters ensure better working conditions along with the highest pay. Most of the time, the average of the fees get easily compensated by the salary offered by the best MBA colleges in India. We hope our blog will help students to kill all the confusion they have and choose their dream college.