Top 10 MBA Colleges In India: The Master of Business Administration originated in the United States in the early 20th century when the country industrialized and sought scientific management. The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply chain management, and operations management in a manner most relevant to management analysis and strategy.
Top 10 MBA Colleges In India
In this article, we are going to discuss the top 10 MBA colleges in India. This list will categorize these colleges based on their Fee, location, average salary, entrance exam of top business schools, placement and ROI( Return of Investment), cutoff, Global Recognition, and many more details. IIM Ahemdabad is ranked in the first position in the list of top 10 MBA colleges in India.
No.1 IIM Ahemdabad
IIM Ahmedabad leads our list of top MBA colleges in India due to its high placement trends and ROI over the years. The PGP at IIM Ahmedabad is at par with some of the best global MBA programs. The upcoming sub-sections will highlight important details about IIM Ahmedabad’s flagship program – PGP, such as its eligibility criteria, admission process, fee structure, placement reports, and ROI.IIM Ahmedabad has set the Tuition fee for its PGP class of 2021 at INR 23,00,000. The cost of attendance for overseas Indian students admitted in the PGP class of 2021 is $25,000.
- Established- 11 Dec 1961
- Motto- Progress Through the Application of Knowledge
- Director- Errol D’Souza
- Chairman- Kumar Mangalam Birla
- Academic Staff- 139
No.2 IIM Bangalore
The next institute on our list of top MBA colleges in India is IIM Bangalore. Let’s have a look at the details about IIM Bangalore’s flagship program- PGP, its admission criteria, eligibility, fee structure, and placement reports. IIM Bangalore has set the total tuition fee for their PGP class of 2021 at INR 23,00,000. Moreover, you will be asked to make a caution deposit of INR 20,000 and an advance of INR 25,000 at the mess. Domestics students can apply for admission into IIM-B PGP through CAT (Common Admission Test) (Cut-off – 85 percentile). International applicants can apply through GMAT.
- Established- 1973
- Motto- Let our study be enlightening
- Director- Rishikesha T. Krishnan
- Chairman- Dr. Devi Prasad Shetty
- Academic Staff- 109
No.3 IIM Calcutta
IIM Calcutta is a well-known choice for students who seek a career in finance or consulting. Let’s look at significant details about IIM-C’s flagship course, admission criteria, eligibility, fee structure, placement trends, etc.IIM Calcutta has kept the tuition fee for the class of 2020-2022 as 26.98 lakhs, excluding the other costs. The flagship program at IIM Calcutta is known as the Master of Business Administration (MBA). Besides MBA, IIM-C offers various programs in management studies.
- Established- 28 Nov 1961
- Motto- Knowledge for the benefit of all
- Director- Anju Seth
- Chairman- Shri Krishna Kulkarni
- Academic Staff- 91
No.4 XLRI Jamshedpur
XLRI is the oldest and one of the best management studies institutes in India. Let’s have a look at its flagship program, with details about its admission criteria, fee structure, placement report, etc. The institute offers master’s degree programs in business management PGDM (BM), human resources management PGDM (HRM) and general management PGDM (GM), a fellowship program, and several executive training programs. The admission for the two-year PGDM (BM) & PGDM (HRM) is made through Xavier Aptitude Test (XAT), while GMAT or XAT score is used for fellowship and PGDM (GM) programs.
- Established- 1949
- Motto- Excellence& Integrity
- Director- Fr. P. Christie
- Chairman- T.V. Narenderan
- Academic Staff- 81
No.5 Indian School of Business
The Indian School of Business (ISB) is a private business school established in India in 2001. It has two campuses, in Hyderabad) and Mohali (Punjab). It offers certificates in various post-graduate management programs. ISB became the 100th Triple Accredited business school in the world upon achieving AMBA accreditation on 12 May 2020. The total cost of attendance for ISB PGP stands at INR 34.5 lakhs(approx.), including taxes and other costs. It includes the academic center, a recreation center, and four student villages, each accommodating 130 to 210 students.
- Established- 2001
- Motto- Where Leaders Are Made
- Dean- Rajendra Shrivastava
- Chairman- Harish Manvani
- Academic Staff- 65 permanent, 105 visitors
No.6 SPJIMR Mumbai
The flagship program at SPJIMR Mumbai is called Post Graduate Diploma in Management (PGDM) – a two-Year full-time MBA. Along with PGDM, SPJIMR Mumbai offers many management studies programs, including a dedicated management program for women (PGMPW). Its Global management program (GMP) gives its students global exposure through connections with some leading business schools. The fee for the PGDM class of 2019-2021 at SPJIMR Mumbai is INR 17.50 lakhs, which covers the tuition fee, accommodation charges, and Global fast track. You will be required to bear any other expenses incurred during the program.
- Established- 1981
- Motto- Knowledge Is Nectar
- Dean- Ranjan Banerjee
- Chairman- Shri Deepak Parekh
No.7 IIM Indore
The flagship program at IIM Indore is a two-year full-time residential MBA program called Post-graduate Programme in Management (PGP). Besides PGP, IIM Indore offers various programs in management studies. The Indian students are liable to pay a fee of INR 16 lakhs for IIM Indore PGP. For international candidates, the costs for PGP stand at INR 24 lakhs. It initially functioned out of the Government Poly-technique College in Rajendra Nagar, Indore. Its first MBA (PGP) batch consisting of 37 participants commenced in June 1998.
- Established- 1996
- Motto- The Root Of All Achievement Is Management
- Dean- Prof. Himanshu Rai
- Chairman- L.N. Jhunjhunwala
- Academic Staff- 139
No.8 IIM Lucknow
The flagship program at IIM Lucknow is called Post-graduate program in management (PGP). Besides PGP, IIM offers a bunch of other management studies programs for graduates and executives. The total cost of attendance for IIM Lucknow’s PGP class of 2021 is INR 14.16 lakhs. The fee structure for the PGP class of 2020-22 is yet to be released. The shortlisted candidates based on GMAT or the written examination go through the Writing Ability Test and Personal Interview (WAT & PI) to get final selection. The programs are accredited by the global accreditation body AMBA and AACSB.
- Established- 1984
- Motto- Better management towards a better nation
- Director- Archana Shukla
- Chairman- Natarajan Chandrashekaran
- Academic Staff- 97
No.9 FMS Delhi
FMS Delhi is one of India’s most sought-after MBA colleges due to its low cost of attendance and high ROI. The candidates are shortlisted for the interview round based on their CAT scores. 30%, 30%, and 40% weightage shall be given to QA, DI/LR, and VRC sections of the CAT, respectively. You will be liable to pay a tuition fee of INR 1,92,000 for an MBA at FMS Delhi. Due to such low fees, FMA Delhi is known to have a high ROI.
- Established- 1954
- Motto- management education more than just business management.
- Dean- Vivek Suneja
- Chairman- Dinesh Kumar Khara
No.10 IIFT Delhi
IIFT Delhi allows its seats for MBA(IB) through its own standardized test conducted at 20 cities in India. International applicants can apply through GMAT scores. The general and OBC category candidates are liable to pay the fees of INR 7.6 lakhs annually. In contrast, the SC, ST, and PH category candidates must pay INR 3.5 lakhs annually.
- Established- 2nd May 1963
- Motto- To be an Academic Center of Excellence in International Business research, training, and education.
- Dean- Manoj Pant
- Chairman- Rita Teaotia
Final Thought
Based on research, here is the list of the top 10 business schools in India. In this list, we have talked about the top 10 MBA colleges. IIM Ahemdabad is ranked in the first position in the list of top 10 MBA colleges in India. We have categorized these colleges based on their Fee, location, average salary, entrance exam of top business schools, placement and ROI( Return of Investment), cutoff, Global Recognition, and many more details.
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