Here’s the List of top MBA institutes as per NIRF Ranking 2021

Management courses in India are quite popular. Some of the best MBA Colleges in India are IIMs and other leading B-Schools in the country. MBA is a two-year post-graduate programme and MBA graduates are offered high salary packages with placements. Most placements are inside the country, however, leading institutes also provide international placements. Every 3 out of 10 candidates in India pursue MBA as a career. Indeed, the competition is high and so are the opportunities. And in such a race, it is always best to join the best MBA Colleges in India.

To be admitted to any management college in India, candidates must appear for the entrance test, followed by the selection process of the institute or college. Some of the common and widely accepted entrance exams for MBA admission are CAT/MAT/XAT/CMAT/ATMA/NMAT. There are other state and university level entrance exams for MBA admission such as SNAP/MAH-CET/TANCET and many more.

Best MBA Colleges in India by NIRF Ranking

NIRF is a national-level ranking agency run by the government of India. It considers various parameters and ranks the colleges. Here is the ranking of the MBA colleges by NIRF in 2021:

Name of the CollegeNIRF Ranking 2021NIRF Score 2021
IIM Ahmedabad183.69
IIM Bangalore283.48
IIM Calcutta380.04
IIM Kozhikode473.34
Department of Management Studies (DMS), IIT Delhi572.15
IIM Indore671.1
IIM Lucknow771.02
XLRI Jamshedpur869.93
IIT Kharagpur969.5
SJMSOM, IIT Bombay1068.08

Best MBA Colleges in India: Private Colleges

In India, there are some of the best private colleges which offer MBA. Candidates can easily take admission to these private colleges. Some of the best private MBA colleges in India are:

Name of the CollegesCourse Fee
XLRI Xavier School of Management, Jamshedpur23.60  Lakhs
Management Development Institute, Gurugram21.34  Lakhs
NITIE, Mumbai11.33  Lakhs
S.P. Jain Institute of Management & Research17.87 Lakhs
Symbiosis Institute of Business Management, Pune10.20  Lakhs
SVKM’s Narsee Monjee Institute of Management Studies10.42  Lakhs
Great Lakes Institute of Management, Chennai11.81  Lakhs
Indian Institute of Foreign Trade, Delhi8.85  Lakhs
International Management Institute, Delhi18.34  Lakhs
Narsee Monjee Mumbai6.44  Lakhs
ISB Hyderabad36.3  Lakhs
Kalinga Institute of Industrial Technology – KIIT, Bhubaneswar  11.2  Lakhs
Prin LN Welingkar Institute of Management Development and Research (WESCHOOL), Mumbai13  Lakhs
Symbiosis Center for Management and Human Resource Development, Pune19.2  Lakhs
ICFAI Foundation for Higher Education, Hyderabad16.2 Lakhs

Best MBA Colleges in India: IIMs in India

There are a total of 20 IIMs in India. IIMs in India offer MBA, BBA, and PGDM courses. Here is the list of the IIMs in India where candidates can take admissions:

  • IIM Ahmedabad
  • IIM Bangalore
  • IIM Calcutta
  • IIM Kozhikode
  • IIM Indore
  • IIM Lucknow
  • IIM Raipur
  • IIM Tiruchirappalli
  • IIM Udaipur
  • IIM Ranchi
  • IIM Shillong
  • IIM Rohtak
  • IIM Kashipur
  • IIM Nagpur
  • IIM Sambalpur
  • IIM Amritsar
  • IIM Jammu
  • IIM Visakhapatnam
  • IIM Sirmaur
  • IIM Bodh Gaya

ROI of Best MBA Colleges in India

ROI or Return of Investment is an essential part to make the decision as to which are the best colleges in India. The ROI must be more than double or a minimum of double the course fee paid by the candidate. If the ROI is lower, then the college chosen may not be fit enough. The ROI is calculated on the basis of the annual fees of the institute and the annual salary package offered by the institute on average.

ROI Formula:

ROI Percentage={(Average Placement Package)/(Average Annual Fee)}*100%

The table below indicates the top MBA colleges in India based on the ROI:

Name of the CollegeAverage Annual Fee (in Rs)Average Placement Package (in Rs)
IIM Ahmedabad23 Lakhs26 LPA
IIM Bangalore23 Lakhs25 LPA
IIM Calcutta23 Lakhs27 LPA
IIM Kozhikode20 Lakhs22.50 LPA
IIT Delhi9.6 Lakhs18.47 LPA
IIM Indore15 Lakhs22.92 LPA
IIM Lucknow19 Lakhs24.25 LPA
XLRI Jamshedpur23 Lakhs18.80 LPA
IIT Kharagpur10 Lakhs18.00 LPA
IIT Bombay8.67 Lakhs21.96 LPA

Admission Process for Best MBA Colleges in India

Candidates must have at least completed their graduation from a recognised university in India. Candidates can be from any discipline. However, most MBA Colleges in India, ask for a minimum of 50-60% aggregate marks for general category candidates. Meanwhile, candidates from the reserved category are offered a relaxation of 5%, i.e., 45-55%.

Further, the admission process of every college is different. Some colleges accept national-level entrance exam scores, whereas others accept state-level entrance exam scores. Some colleges also conduct institute-level entrance exams. While others select candidates based on their graduation performance. It entirely depends from college to college.

Colleges also conduct a series of rounds before releasing the final merit list of candidates. Candidates have to undergo the Group Discussion (GD)/ Group Exercise (GE) rounds as first-round or Writing Ability Test (WAT). Further, all colleges also conduct personal interview rounds for admissions. This round is conducted to examine the potential of the candidates. It is often the last round.

Based on all the rounds of the selection process of the college, the final merit list is declared. Selected candidates will have to take admission by paying the course fee.

Specialisations offered by Best MBA Colleges in India

Choosing a specialisation is important while choosing a career path. While pursuing MBA, candidates will have a number of options to choose from to take admission. Also, some candidates take admissions based on their preferred specialisation. So, here is a list of the top specialisations that MBA aspirants can choose from:

Business AdministrationGeneral ManagementFinance
MarketingHuman resourcesBusiness Management
International BusinessBusiness AnalyticsAviation Management
Retail ManagementHealthcare ManagementOperations
Logistics and Supply Chain ManagementExecutive MBABanking and Insurance
Entrepreneurship and Family BusinessInformation TechnologyTourism
Global ManagementDIgital MarketingHospital Management
Export ManagementAccountingProject Management
Airline and Airport ManagementAdvertising ManagementRural Management
Start-up Management

Best MBA Recruiters in India

Some of the prominent organisations of India recruit candidates from the leading MBA Colleges in India. Candidates can check out the top recruiting companies in India for MBA graduates:

UBSBharti AirtelIBM
Hindustan UnileverBarclays CapitalDeloitte
Bank of AmericaL’Oreal ParisCitigroup
National Stock ExchangeReserve Bank of IndiaJP Morgan
Kotak Mahindra GroupGodrejReckitt Benckiser
Bajaj AutoBoston Consulting GroupHCL
BloombergDeutsche BankAmerican Express

There are numerous factors that make a college/institute the best. However, every MBA college in India offers different specialisations, placements, ROI, and fees structure. Therefore, candidates must shortlist colleges wisely.

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