MBA in India: Rankings, Admission Criteria, Fees, and more
MBA is easily one of the most sought after degrees in India, and for good reason! Regardless of the professional field or educational background you belong to, an MBA degree from a reputed business school will surely boost your job opportunities and provide you with a great career path ahead.
But, choosing the right MBA program can be difficult. While the IIM Ahmedabad, IIM Bangalore, or ISB definitely count as the popular institutes to study MBA in India, you will want to apply to more places.
There are also plenty of aspects to consider while making this choice. From the ranking of the institute to the tuition fee and entrance criteria, this article will provide you with all the details necessary to make an informed choice of studying MBA in India!
Top B-schools for MBA in India
The ranking of a business school is never monolithic. It changes every year, but, for the top schools the change is usually not so significant. Another factor to keep in mind is that these rankings are published my multiple professional outlets.
Here is a quick look at the ranking of the best B-schools in India:
|College Name||NIRF’20 Ranking|
|Department of Management Studies (DMS) IIT Delhi, Delhi||8|
|XLRI Xavier School of Management, Jamshedpur||9|
|College Name||Times’20 Ranking|
|KJ Somaiya Institute of Management, Mumbai||5|
|Amity Business School, Noida||7|
|Symbiosis Institute of Business Management (SIBM), Pune||10|
This should give you a better understanding of the top places to study MBA in India. And if you thought that the IIMs are your only choice, as you can tell, there are plenty of other options to choose from.
Placement opportunities after MBA in India
A lot of applicants are pursuing an MBA to get placed at the top companies. This is a common drive that allows people right out of graduation to seek the MBA degree.
If you are one of them, then the placement opportunities that these B-schools provide will matter while you make the choice. Here’s a quick look:
|Colleges||Placement Ratings (Based on Reviews)||Top Recruiters|
|IIM Bangalore||4.8||3M, A T Kearney, Abbot, Accenture, Acura, Adani Group, Aditya Birla Group, Amazon.com, American Express, Arthur D Little, Arvind Brands, Asian Paints, Askmebazaar.com, AVIVA, Axis Bank, Barclays Capital, Biocon, Capital One, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Google, HDFC Bank, Heinz, Hindustan Unilever, HSBC, Hyundai, IBM, ICICI, ITC, JP Morgan Chase, McKinsey, Morgan Stanley, Nerolac, Nomura, Philips India, Practo, Urban Clap|
|IIM Calcutta||4.7||Dabur, Dell, Deloitte Consulting, Deutsche Bank, MU Sigma, NOKIA, NTPC, Oracle, UBS, Union Bank of India, Unisys India, Unitech, US Technologies, Viacom 18, Virgin Mobile India, Virtusa, Whirlpool, Wipro, WNS Global Services, Yes Bank|
|IIM Ahmedabad||4.6||A T Kearney, Accenture, Airtel, Amazon.com, American Express, Bain and Company, Barclays Capital, Citigroup, Cognizant, Deloitte Consulting, Deutsche Bank, Ericsson India, EXL Services, Flipkart, Genpact, Goldman Sachs, Google, Grofers, Hindustan Unilever, HSBC, Infosys, KPMG, Microsoft, Reckitt Benckiser|
|IIM Lucknow||4.6||Aditya Birla Group, American Express, Asian Paints, Axis Bank, Bank of America, Cadbury, CITI Bank, CITI Financial, Coca-Cola, Colgate Palmolive, Dabur, ebay, Genpact, Godrej, Hewitt, Hewlett Packard, HSBC, HT Media, IBM, ICICI, Inductis, Infosys, McKinsey, Microsoft, Nestle, NSE, SAP, Yahoo|
|IIT Kharagpur||4.5||Accenture, American Express, BCG, Bosch Ltd, Capital One, Deloitte, Deutsche Bank, EXL Services, Facebook, Ford Motors, Goldman Sachs, IBM, Kepler Canon, KPMG, LinkedIn, Microsoft, Morgan Stanley, PWC, Samsung, UBS, VISA, ZS Associates|
Some of the best-paying jobs in India after your MBA degree include Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, Operations Manager, Product Manager, Data Analytics Manager, Digital Marketing Manager, Advertising Sales Manager, NGO Manager, etc.
Graduates from IIM Bangalore or IIM Calcutta at an average earn 20 – 30 LPA post-MBA, and graduates from IIT Madras or IIT Ranchi earn between 10 – 20 LPA.
MBA in India – Eligibility Criteria
Each of the top institutes in India is likely to have their own eligibility criteria. But, there are also some basic criteria that any MBA course will require the applicants to have:
Candidates must have passed graduation in any discipline or equivalent from a recognized university.
Most of the institutes follow the minimum score criteria in graduation which is 50 per cent average or equivalent. Students belonging to various reserved categories are often provided with a certain level of relaxation.
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.
Apart from merit-based admission, many top-ranked MBA colleges in India also accept scores of national- and state-level entrance exams, including CAT, XAT, GMAT, CMAT, MAT, NMAT, ATMA, IBSAT, MAH CET, SNAP, etc. for MBA admissions. If you are unsure about which entrance test to choose, read this article.
Once you have decided on the list of top B-schools you should research thoroughly on the admission process. The sooner you begin your MBA prep the better chances you will have at cracking the top institutes in India!
Cost for Studying MBA in India
Many people consider MBA to be a costly degree. Rather, what they should consider is the ROI that an MBA degree from a top B-school will provide you with.
This should give you a comprehensive idea:
|Top MBA Colleges in India||Tuition Fees||Average Salary|
|IIM Ahmedabad||INR 23,00,000||INR 25,83,126|
|IIM Bangalore||INR 23,00,000||INR 24,54,000|
|IIM Calcutta||INR 27,00,000||INR 27,90,000|
|XLRI Xavier School of Management||INR 20,00,000||INR 24,30,000|
|Indian School of Business (ISB)||INR 24,54,000||INR 24,35,915|
|SPJIMR Mumbai||INR 17,50,000||INR 22,00,000|
|IIM Indore||INR 16,00,000||INR 20,79,000|
|IIM Lucknow||INR 14,16,000||INR 24,25,000|
|FMS Delhi||INR 1,92,000||INR 23,20,000|
|IIFT Delhi||INR 17,25,000||INR 18,00,000|
|IIM Kozhikode||INR 19,00,000||INR 20,67,000|
|NMIMS School of Business Management||INR 19,76,000||INR 17,79,000|
|MDI Gurgoan – Management development Institute||INR 16,00,000||INR 19,17,000|
|NMIMS School of Buiness Management||INR 19,76,000||INR 10,50,000|
|IIT Kharagpur||INR 9,00,000||INR 16,11,000|
|IMT Ghaziabad||INR 18,30,000||INR 13,60,000|
Studying MBA in India is easily one of the best career choices anyone can make! It provides you with the experience of a lifetime, and that is why many candidates choose to pursue MBA from one of the top 10 institutes in India rather than choose a top 50 international B-school.
Hopefully this article will have provided you with a good insight into the world of MBA in India. Best of luck!
Are you building your MBA application? Make sure to not commit these mistakes: