Top 10 MBA Colleges in India With Fee Structure

When we think of top MBA colleges in India, we usually think of the IIMs. However, the situation has changed over time, and numerous other MBA colleges have made it to the list of top MBA colleges in India in 2022. The Indian Institutes of Management (IIM), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and many more are among the top MBA colleges in India. This article includes a list of the top 100 MBA colleges.

Along with the IIMs, other renowned top management colleges in India, such as XLRI, ISB, SP Jain, FMS Delhi, and MDI Gurgoan, fiercely compete with the IIMs. From these five business schools, the typical salary is approximately INR 25,00,000. You cannot ignore the cost of an MBA while examining the post-MBA salaries for the best business schools in India. The return on investment for your MBA is one of the questions you should ask yourself.

For the colleges listed in the table, the average annual tuition is approximately INR 11,00,000. However, there are additional expenses that need to be considered in addition to your tuition fee, such as the cost of living during your MBA, the cost of your hostel, and the cost of your meal plan.

There are many options available to you if you want to enrol in an MBA programme. However, the volume of data you discover online about the best business schools in India may overwhelm and perplex you. A list of the top 10 MBA colleges in India has therefore been prepared for you. The top business schools will be examined in greater detail now.

1. IIM Ahmedabad

On our ranking of the best MBA programmes in India, IIM Ahmedabad comes in first. Important information about IIM Ahmedabad's flagship programme, PGP, including its eligibility requirements, admissions process, fee structure, placement reports, and ROI, will be highlighted in the following subsections.

Flagship Program at IIM Ahmedabad

The two-year Post-graduate Program in Management (PGP) is the flagship program at IIM Ahmedabad.

Besides, PGP, IIM-A offers the following programs in management studies:

• One-year full-time post-graduate program in management for executives (MBA-PGPX)
• A two-year postgraduate program in food and agri-business management (MBA-FABM)

Standardized Test for Admission to IIM A PGP

You can take the Common Admission Test to apply for PGP at IIM Ahmedabad if you are a domestic student (CAT).

Note: Only candidates from India and other countries applying for admission to IIM Ahmedabad's PGP programme have their GMAT scores taken into account.

IIM A PGP Eligibility Criteria

You must fulfill the following requirements to be eligible to apply for PGP at IIM Ahmedabad:

• A bachelor's degree or its equivalent with a minimum grade point average is required. (45% for applicants in the SC, ST, and PwD categories)
• You need a current CAT score (Cut-off: 80 percentile)
• Indians living abroad are welcome to apply to IIM Ahmedabad with a valid GMAT score (cut-off- 720)

IIM A PGP Admission Process

Your application for admission to IIM Ahmedabad's PGP will be evaluated on the following parameters:

• CAT scores
• Past academic performances
• Performance in the personal interviews

The PGP at IIM Ahmedabad has more requirements for admission than just having valid CAT scores and a bachelor's degree. IIMA PGP admission is subject to intense competition. It has established cut-off scores for the CAT as well as for each of its individual sections. In addition to your CAT score, your past academic achievements will be closely scrutinised.

Structure of PGP fees at IIM Ahmedabad

The tuition fee for IIM Ahmedabad's PGP class of 2021 has been set at INR 23,00,000. For students from India who are accepted into the PGP class of 2021, the tuition is $25,000 per year.

2. IIM Bangalore

IIM Banglore ranks #2 on our list of top MBA colleges in India. Let's look at the specifics of PGP, the flagship programme at IIM Bangalore, including its admission requirements, eligibility, cost, and placement statistics.

Flagship Program at IIM Bangalore

The flagship programme at IIM Bangalore is the Master of Business Administration (MBA), a two-year full-time programme. In addition to PGP, IIM-B provides the following management studies programmes:

• One-year, full-time Master of Business Administration (EPGP) programme.
• A two-year, weekend-only master of business administration (MBA) programme.
• Two-year full-time Master of Business Administration (Business Analytics) (MBA(BA)) programme.
• One-year full-time Master of Management Studies (Public policy) (MMS (PP) programme.

Standardized test for IIM B PGP admission

Domestics students can apply for admission into IIM-B PGP through CAT (Common Admission Test) (Cut-off - 85 percentile). International applicants can apply through the GMAT.

IIM B PGP Eligibility Criteria

The following requirements must be met in order to be eligible to apply for the IIM Bangalore PGP:

• A bachelor's degree or its equivalent with a minimum grade point average is required.
• You need a current CAT score (Cut-off: 85 percentile)
• International applicants with a valid GMAT score may apply.

IIM B PGP Admission Process

IIM Bangalore evaluates your application on the following criteria:

• CAT scores
• Performance in writing assessment test (WAT)
• Performance in the personal interview

IIM B PGP Fee Structure

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 (each term)

3. IIM Calcutta

In our ranking of the best MBA programmes in India, IIM Calcutta comes in second. Students who want to work in finance or consulting frequently choose IIM Calcutta as their university of choice. Let's look at some key information regarding the flagship programme at IIM-C, including its requirements for admission, eligibility, cost, placement trends, etc.

Flagship Program at IIM Calcutta

The flagship program at IIM Calcutta is known as the Master of Business Administration (MBA). Besides MBA, IIM-C offers the following programs in management studies:

• MBAEx (formerly known as PGPEx)
• PGPEx-VLM
• PGDBA

Standardized Test for IIM C MBA admission

• CAT (Cut-off - 85)
• GMAT (only for international applicants) (Cut-off - 85 percentile)

Domestic candidates can apply for IIM-C MBA 2022-2024 only through CAT 2021.

Interested candidates living, working, or studying outside India during the period January 1, 2021, to February 15, 2022, will be considered as 'Overseas Candidate' for admission to the MBA Program of IIM Calcutta for 2022-24 Batch.

However, an overseas candidate who is expected to be in India during CAT 2021 scheduled on November 28, 2021, will not be eligible to apply under the overseas category.

IIM Calcutta MBA Eligibility Criteria

Your eligibility for IIM Calcutta's MBA programme will be determined by the following standards:

• If your bachelor's degree was earned with at least 50% honours
• if your CAT 2021 score is current. Candidates from abroad who anticipate being in India for the CAT in 2021 are not eligible to apply under the overseas category.

IIM Calcutta Admission Process

IIM Calcutta evaluates your application for final selection into its MBA program based on the following parameters:

• Your CAT 2021 score / GMAT score (weightage - 30)
• Performance in the personal interview (weightage - 48)
• Performance in written ability test (WAT) (weightage - 10)
• Your work experience (weightage - 8)
• Your past academic performance (weightage - 4)

IIM Calcutta Fee Structure

IIM Calcutta has kept the tuition fee for the class of 2020-2022 is 26.98 lakhs, excluding the other costs.

4. Indian School of Business

The next school on our list of the best MBA schools in India is Indian School of Business (ISB) Hyderabad. We have ranked ISB third because of its extensive alumni network, excellent placement rates, and international affiliations.

Let's examine the specifics of ISB's signature programme.

Flagship Program at ISB

PGP is the premier course offered by ISB (post-graduate programme in management). Additionally, ISB provides the following post-graduate management programmes:

• PGP for Senior Executives
• PGP for working professional
• PGP in Management for Family Business

Admission to ISB PGP is through a standardised test.

For PGP admissions, ISB accepts either GMAT or GRE scores.

ISB PGP Eligibility Criteria

You will only be qualified to apply for the ISB PGP if you meet the following requirements:

• Your GMAT score is legitimate (or GRE score)
• You hold a bachelor's degree or one that is comparable.
• International applicants must have a TOEFL or IELTS score (if English was not your primary language of instruction).
• You have at least 24 months of experience working full-time.

ISB PGP Fee structure

The total cost of attendance for ISB PGP stands at INR 34.5 lakhs (approx.), which is inclusive of taxes and other costs.

Report on ISB PGP Placement

The ISB PGP class of 2021 broke previous placement season records. The average CTC for the class of 2021 was INR 28.29 lakhs, an increase of 8.32% over the CTC of INR 26.12 lakhs from last year's 1145 offers.

5. IIM Lucknow

IIM Lucknow is the next institution on our list of the best MBA programmes in India. The following subsections provide information on the flagship programme at IIM Lucknow.

Flagship Program at IIM Lucknow

The Post-Graduate Program in Management is IIM Lucknow's signature course (PGP). For graduates and executives, IIM also offers a variety of other management studies programmes in addition to PGP.

PGP admissions test that is standardised

For its PGP, IIM Lucknow accepts CAT 2021 scores.

PGP Eligibility Criteria

If you meet the requirements listed below, you will be considered eligible for the IIM Lucknow PGP.

• A bachelor's degree or its equivalent with at least 50% of the marks is required.
• Candidates who are in their last year of high school may also apply. However, if chosen, you will have to present the necessary documents by June 30, 2020.
• You need a current CAT 2021 score.

PGP Application Procedure

Your application will be assessed by IIM Lucknow based on the following criteria:

• Your academic record before
• CAT 2021 results
• the results of written ability tests (WAT)
• Results of the Group Discussion
• additionally, how you did in the personal interview

PGP Fee Structure

The total cost of attendance for IIM Lucknow's PGP class of 2021 -2023 is approx.INR 19 lakhs.

6. Faculty of Management Studies - Delhi University

FMS Delhi is one of the most sought-after MBA colleges in India due to its low cost of attendance and high ROI. Let's have a look at details about its flagship program.

Flagship Program at FMS DU

The flagship program at Faculty of Management Studies (FMS) Delhi is a full-time course called MBA. Other management studies programs offered at FMS Delhi are:

• MBA-Executive
• MBA-Executive HCA

Standardized test for FMS DU MBA admission

FMS Delhi will accept CAT 2021 scores for its MBA admissions

FMS DU MBA Admission Process

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.

After the interview, the shortlisted candidate will be further evaluated based on the following components of their application:

• CAT 2021 scores
• Past academic performances
• Performance in Group discussion
• Performance in Extempore
• And, performance in the personal interview

FMS DU MBA Fee Structure

For an MBA at FMS Delhi, you will be required to pay a tuition fee of INR 1,92,000. Since the fees are so low, FMA Delhi is renowned for having a high ROI.

7. SPJIMR Mumbai

SPJIMR Mumbai reserves the seventh position on our list of top MBA colleges in India due to the high global relevance of its programs. Let's have a brief overview of its flagship program, application deadlines, eligibility criteria, fee structure, and placement reports.

Flagship Program at 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 a bunch of 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 of the leading business schools.

Standardized test for SPJIMR PGDM admission

SPJIMR Mumbai is quite flexible in terms of the standardized test scores it accepts for admission. You can take any one of the following three entrance exams to secure admission into SPJIMR Mumbai PGDM 2022-2024:

• CAT 2021
• XAT 2021
• GMAT

SPJIMR PGDM Eligibility Criteria

You must qualify under the following criteria to be eligible for PGDM at SPJIMR Mumbai:

• You must have a bachelor's degree or equivalent
• You must have less than or equal to 5 years of work experience.
• You must have a valid CAT, XAT, or GMAT score

The cut-off scores for SPJIMR PGDM admissions are as follows:

• CAT 2021: Sectional percentile- 75, Overall percentile- 85
• GMAT: Sectional percentile- 75, Overall percentile- 85

Note: If you are applying through GMAT scores, you must have appeared for the exam in between the following period: January 1, 2019, to December 31, 2021.

SPJIMR PGDM Admission Process

SPJIMR Mumbai divides its admission process into two segments: Profile based, and Profile-cum-score based

• For the first segment, the applicants are shortlisted based on their past academic performance, i.e., 10th, 12th, and graduation years. The shortlisted candidates are then called for an early interview.
• The second segment of shortlisting is done after the availability of the test scores. The candidates are called for the second round of interview.

The final selection of the candidates is based on the following parameters:

• Past academic performance
• Performance in entrance tests (CAT/XAT/GMAT)
• The relevance of work experience (if any)
• And, performance in both the rounds of interviews

SPJIMR PGDM Fee Structure

The fee for the PGDM class of 2021-2023 at SPJIMR Mumbai is INR 19 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.

8. XLRI Jamshedpur

The top MBA colleges in India rank #8, with XLRI being the oldest and one of the best management studies institutions in the country. Let's take a closer look at its flagship programme, including information on the admission requirements, cost, placement data, etc.

Flagship Program at XLRI Jamshedpur

The flagship management studies program at XLRI, Jamshedpur, is a two-year full-time program called PGDM (Business Management). It offers another part-time program in management studies known as PGDM (BM) part-time.

Standardized test for XLRI PGDM (BM) admission

XLRI requires you to take the XAT 2021 (Xavier Aptitude Test) for admission into its PGDM (BM).

XLRI PGDM (BM) Eligibility Criteria

If you plan on applying for XLRI's PGDM (BM), you need to make sure that you fulfill the following eligibility criteria:

• You must have a recognized bachelor's degree (10+2+3)
• You must have a valid XAT score.

XLRI PGDM (BM) Admission Process

XLRI shortlists candidates to allot seats for its PGDM in business management through a three-step process:

• Registration for XAT 2021
• Shortlisting through XAT scores
• Personal Interview

Your application will be reviewed on the following parameters:

• Your XAT score
• Your performance in the personal interview

XLRI PGDM (BM) Fee structure

XLRI Jamshedpur has set the cost of attendance for its PGDM in business management at INR 20 lakhs for two years. Besides the tuition fees, you will have to pay for the mess and hostel charges.

9. IIM Indore

The next college in our list of top MBA colleges in India is the Indian Institute of Management Indore.

Flagship Program at 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 the following programs in management studies:

• Executive PGP
• PGP-Mumbai
• Five years IPM
• PGP-MX
• PGP-HRM

Standardized Test for PGP admission

You must take the CAT 2021 entrance exam to apply for PGP at IIM Indore (2022-2024 batch).

PGP Eligibility Criteria

Your eligibility to apply for PGP at IIM Indore (2022-2024 batch) will be decided on the following factors:

• You have a bachelor's degree or equivalent with at least 50% scores.
• You have a valid CAT score. (International applicants can apply through GMAT scores)
• The cut-off percentile for CAT 2021 is as follows: Sectional percentile - 80, Overall percentile - 90.
• The cut-off GMAT scores for international applicants is 700, and the cut-off AWA score is 4.

PGP Admission Process

The decision on your admission will be made by evaluating the following components of your application:

• Past academic performance
• CAT 2021 score or GMAT score (for international applicants)
• Performance in Writing ability test (for domestic students)
• Performance in personal interviews

International applicants are required to submit the following with their applications:

• Completed application form
• GMAT scores
• TOEFL score (if your primary language of education wasn't English)
• Three letters of recommendation
• A statement of purpose
• A self-attested copy of passport.

PGP Fee Structure

The Indian students are liable to pay a fee of approx. INR 17 lakhs for IIM Indore PGP. For international candidates, the costs for PGP stand at approx. INR 25 lakhs.

10. MDI Gurgaon

The two-year full-time PGDM (Post Graduate Diploma in Management) at MDI, is ranked #9 in our top 10 MBA colleges in India list. The upcoming sub-sections are going to highlight important details about the MDI flagship program - PGDM, such as its eligibility criteria, admission process, fee structure, and placement reports.

MDI - Flagship Program and Other Programs

Apart from the PGDM program, MDI offers these two programs under PGP:

• Post Graduate Diploma in Management - Human Resource Management (PGDM-HRM)
• Post Graduate Diploma in Management - International Business
• (PGDM-IB)

MDI PGDM Eligibility Criteria

To be eligible for the PGDM program an applicant should have a CAT 2021 score or a valid GMAT score. Applicants who have both scores should specify which one they wish to be considered for the admission.

Here is the eligibility requirement for the program:

• The candidate must have 50% marks in Class 10th and 12th
• Minimum 3-year Bachelor's degree, with 50% mark
• The Bachelor's Degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent.

Admissions Process

On the basis of the details provided in the application form and the CAT or GMAT scores, candidates will be shortlisted to be called for the selection process between February and April 2022 at a center in one of the following cities: Bangalore, Gurugram, Kolkata, Hyderabad, Chennai, and Mumbai. Centers other than Gurugram are tentative. The selection process may also be conducted online through zoom for which the intimation will be given to the short-listed candidates in advance.

MDI PGDM Fee Structure

The Indian students have to pay a total fee of approx. INR 24,16,800 for the MDI PGDM course of two years.