Master of Business Administration (MBA)
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All About MBA
The Master of Business Administration, or MBA, is one of the most coveted postgraduate study programmes in the world, and India is an appealing place to do it due to the large number of popular MBA colleges.
Whether you’re an early-career professional looking to improve your business acumen after earning your bachelor’s degree, a mid-career professional looking to switch functions, industries, or locations, or an entrepreneur with entrepreneurial ambitions, the MBA curriculum has something for you.
Here’s everything you need to know about applying to MBA programmes in India, including the best MBA colleges to consider, a breakdown of eligibility criteria and MBA entrance exams, and information on the MBA admissions process.
MBA Course Overview
Some MBA colleges offer specialised courses that allow students to tailor their MBA curriculum to a specific goal, such as International Business. Most MBA programmes, on the other hand, aim to provide students with a diverse set of skills.
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Core courses on the usual MBA syllabus include:
Finance and accounting
Marketing
Leadership and organizational behavior
Strategy
Business ethics
Students can supplement these MBA courses with elective modules on entrepreneurship, FinTech, big data, and other topics.
As we enter a new business landscape post-Covid-19, an MBA is an excellent way to gain the necessary business skills for success in the future of business.
TYPE OF MBA COLLEGES IN INDIA
Although the majority of prominent business schools outside of India have a university affiliation and offer MBA degree, the situation is slightly different at MBA colleges in India. The country’s over 4,000 Schools are divided into five categories.
Those affiliated with public or private universities and falling under the University Grants Committe’s (UGC) remit. This is the biggest group at over 3,600
Independent Institutes Approved by All India Counsil for Technical Education (AICTE), of Which there are more than 300
Over 30 institutions governed by the Ministry of Education (MHRD)
Institutes Promoted by Individual Ministries
A few Autonomous Institutes
Types of MBA in India
Based on the five categories above, the schools in India offer different kinds of certification at the end of the MBA program. There are three main types:
Post Graduate Diploma in Management (PGDM)
MBA degrees
Post Graduate Program (PGP) certification
| Sr.no | NIRF 2021 Ranking | Top MBA Colleges in India | Location | Program | Â Average/Mean/Median Salary (INR) | Tuition Fees(domestic) INR | Accepted Exam |
| 1 | 2 | IIM Bangalore | Bangalore | PGP | 28,96,000 | 23,00,000 | CAT/GMAT |
| 2 | 3 | IIM Calcutta | Kolkata | PGP | 27,00,000 | 24,00,000 | CAT/GMAT |
| 3 | NA | Indian School of Business (ISB) | Hyderabad | PGP | 28,29,000 | 33,05,120 | GMAT/GRE |
| 4 | 7 | IIM Lucknow | Lucknow | PGP | 26,00,000 | 19,25,000 | CAT/GMAT |
| 5 | NA | FMS Delhi | Delhi | MBA | 26,00,000 | 1,92,000 | GMAT/CAT |
| 6 | 19 | SPJIMR Mumbai | Mumbai | PGDM | 25,00,000 | 19,00,000 | GMAT/CAT/XAT |
| 7 | 8 | XLRI Xavier School of Management | Jamshedpur | PGDM (Business Management) | 24,30,000 | 25,80,000 | XAT/GMAT/CAT |
| 8 | 6 | IIM Indore | Indore | PGP | 23,60,000 | 16,20,000 | CAT/GMAT |
| 9 | 11 | MDI Gurgoan – Management Development Institute | Gurugram | PGDM | 22,00,000 | 21,34,000 | CAT/GMAT |
| 10 | 1 | IIM Ahmedabad | Ahmedabad | PGP | 22,82,000 | 23,00,000 | CAT/GMAT |
| 11 | 12 | National Institute of Industrial Engineering | Mumbai | PGDM | Â 22,80,000 | 14,63,000 | CAT |
| 12 | 10 | IIT Bombay – Shailesh J Mehta School of Management Mumbai | Mumbai | MBA | 21,96,000 | 9,06,400 | CAT |
| 13 | 25 | Indian Institute of Foreign Trade (IIFT Delhi) | Delhi | MBA in International Business | 21,08,000 | 8,85,000 | IIFT/ GMAT |
| 14 | 4 | IIM Kozhikode | Kozhikode | PGP | 20,00,000 | 20,00,000 | CAT/GMAT |
| 15 | 20 | Symbiosis Institute of Business Management | Pune | SIBM | 19,56,000 | 21,27,950 | SNAP |
| 16 | 23 | IIM Shillong | Shilong | PGP | 18,76,000 | 14,60,000 | CAT/GMAT |
| 17 | 5 | DMS IIT Delhi | New Delhi | MBA | 18,50,000 | 8,00,000 | CAT |
| 18 | 9 | IIT Kharagpur | Kharagpur | MBA | 18,44,000 | 11,59,760 | CAT/GMAT |
| 19 | 16 | IIT Kanpur | Kanpur | MBA | 16,86,000 | 10,97,600 | CAT |
| 20 | 15 | IIM Raipur | Raipur | PGP | 15,11,000 | 14,20,400 | CAT |
| 21 | 21 | IIM Ranchi | Ranchi | PGDM | 15,11,000 | 15,00,000 | CAT |
| 22 | 22 | Pravin Dalal School of Entrepreneurship and Family business Management (NMIMS) | Mumbai | MBA | 15,00,000 | 20,87,000 | NMAT/GRE/GMAT |
| 23 | 17 | IIM Trichy | Trichy | PGP | 14,85,000 | 16,50,000 | CAT |
| 24 | 33 | IIM Kashipur | Kashipur | MBA | 14,05,000 | 14,75,000 | CAT |
| 25 | 28 | IIM Rohtak | Rohtak | PGP | 13,74,000 | 16,10,000 | CAT/ GMAT |
| 26 | 24 | Great Lakes Institute of Management | Chennai | PGDM | 13,63,000 | 17,15,000 | CAT/GMAT/XAT/CMAT |
| 27 | 26 | IMI Delhi – International Management Institute | New Delhi | PGDM | 13,28,000 | 18,34,900 | CAT/GMAT |
| 28 | 18 | IIM Udaipur | Udaipur | MBA | 13,00,000 | 15,96,200 | CAT |
| 29 | 13 | DoMS IIT Madras | Chennai | MBA | 12,77,500 | 8,00,000 | CAT |
| 30 | 67 | IIM Amritsar | Amritsar | MBA | 12,67,947 | 13,20,000 | CAT |
| 31 | 38 | IMT Ghaziabad | Ghaziabad | PGDM | 12,42,000 | 19,53,000 | CAT/GMAT/XAT |
| 32 | 32 | TAPMI Manipal – T A Pai Management Institute | Manipal | PGDM | 11,50,000 | 15,00,000 | CAT/XAT/GMAT |
| 33 | 35 | GIM – Goa Institute of Management | Goa | PGDM | 10,71,000 | 18,07,000 | CAT/XAT/GMAT/CMAT |
| 34 | 14 | IIT Roorkee – Indian Institute of Technology | Roorkee | MBA | 10,58,000 | 9,31,500 | CAT |
| 35 | 61 | IIM Sambalpur – Indian Institute of Management | Sambalpur | PGP | 10,50,000 | 13,03,000 | CAT |
| 36 | 55 | IRMA – Institute of Rural Management Anand | Anand | PGDRM | 10,35,000 | 14,00,000 | CAT/XAT/IRMASAT |
| 37 | 43 | FORE School of Management | New Delhi | PGDM | 10,30,000 | 15,98,000 | CAT/XAT/GMAT |
| 38 | 76 -100 | IIM Jammu – Indian Institute of Management | Jammu | MBA | 10,00,000 | 12,33,000 | CAT |
| 39 | 76 -100 | IIM Sirmaur – Indian Institute of Management | Sirmour | MBA | 9,60,000 | 15,75,000 | CAT |
| 40 | 50 | IFMR Graduate school of Business KREA University (IFMR GSB) | Andhra Pradesh | MBA | 9,50,000 | 13,86,000 | NMAT/CAT/XAT/CMAT/GMAT |
| 41 | 40 | IIM Nagpur | Nagpur | PGP | 9,49,398 | 13,75,000 | CAT |
| 42 | 72 | Prin. L. N. Welingkar Institute of Management Development and Research – Online Distance Learning Center | Mumbai | PGDM | 9,19,000 | 5,50,000 | CAT/MAT/XAT/CMAT/ATMA |
| 43 | 59 | Jaipuria Institute of Management | Jaipur | PGDM | 8,75,000 | 10,45,000 | CAT/Â MAT/Â XAT/Â CMAT/Â GMAT |
| 44 | 65 | LIBA – Loyola Institute of Business Administration | Chennai | PGDM | 8,75,000 | 15,59,000 | CAT/XAT |
| 45 | 76 -100 | Institute of Management Nirma University | Ahmedabad | MBA | 8,75,000 | 10,04,000 | CAT |
| 46 | 76 -100 | LBSIM – Lal Bahadur Shastri Institute of Management | Delhi | PGDM | 8,70,000 | 11,67,000 | GMAT/CAT |
| 47 | 41 | BML Munjal University | Gurgaon | MBA | 8,68,000 | 11,00,000 | CAT/MAT/XAT |
| 48 | 62 | IMI Bhubaneswar – International Management Institute | Bhubaneswar | MBA | 8,25,000 | 12,47,000 | XAT/ GMAT/ CAT/ CMAT |
| 49 | 52 | IMI Kolkata – International Management Institution | Kolkata | PGDM | 8,05,000 | 13,00,000 | CAT/XAT/GMAT |
| 50 | 44 | BIMTECH – Birla Institute of Management Technology | Great Noida | PGDM | 8,03,000 | 12,00,000 | CAT/XAT/GMAT |
| 51 | 47 | BHU – Banaras Hindu University | Varanasi | MBA | 8,00,000 | 1,50,000 | BHU PET |
| 52 | 34 | Xavier School of Rural Management | Bhubaneswar | MBA-BM | 7,78,000 | 13,80,000 | XAT/GMAT/CAT/x-GMAT/NMAT |
| 53 | 60 | Alliance School of Business Alliance University | Bangalore | MBA | 7,60,000 | 13,50,000 | AMAT/GMAT/CAT/NMAT/XAT/MAT/CMAT/KMATÂ |
| 54 | 48 | NIT Trichy | Tiruchirappalli | MBA | 7,50,000 | 2,98,000 | CAT |
| 55 | 31 | KIIT School of Management | Bhubaneswar | MBA | 7,33,000 | 13,60,000 | KIITEE/CMAT/ATMA/XAT/MAT/GMAT |
| 56 | 75 | IIFM – Indian Institute of Forest Management | Bhopal | Post Graduate Diploma in Forestry Management |  7,30,000 | 5,39,000 | XAT/CAT |
| 57 | 63 | IMT Hyderabad – Institute of Management Technology | Hyderabad | PGDM | 7,00,000 | 12,03,000 | CAT XAT GMAT CMAT |
| 58 | 69 | Institute of Management and Entrepreneurship Development Bharati Vidyapeeth | Pune | MBA | 7,00,000 | 4,50,000 | BMAT |
| 59 | 27 | IFHE Hyderabad – ICFAI Foundation For Higher Education | Hyderabad | MBA | 6,60,000 | 16,02,000 | IBSAT/CAT/GMAT/NMAT |
| 60 | 76 -100 | Manipal University Jaipur | Jaipur | MBA | 6,50,000 | 7,89,000 | CATÂ MATÂ CMATÂ XATÂ GMAT |
| 61 | 42 | LM Thapar School of Management | Mohali | MBA | 6,21,000 | 8,28,360 | CATÂ GMATÂ NMATÂ CMATÂ XATÂ MAT |
| 62 | 29 | Amity Business School (ABS) | Noida | MBA | 6,00,000 | 10,58,000 | CAT/GMAT/XAT/NMAT/CMAT/MAT/Amity written exam |
| 63 | 54 | Chitkara Business School Chandigarh | Chandigarh | MBA | 6,00,000 | 8,00,000 | MATÂ XATÂ NMATÂ CMATÂ CAT |
| 64 | 66 | School of Petroleum Management Pandit Deendayal Energy University | Gandhinagar | MBA | 6,00,000 | 8,20,000 | CATÂ XATÂ NMAT |
| 65 | 53 | PSG College of Technology – PSGCT | Coimbatore | MBA | 5,80,000 | 1,48,000 | MAT CAT TANCET MBA |
| 66 | 76 -100 | Christ University | Bangalore | MBA | 5,70,000 | 7,90,000 | CAT/Â CMAT/Â MAT/Â XAT/ ATMA/Â GMAT |
| 67 | 76 -100 | Visvesvaraya Technological University [VTU] | Belgaum | MBA | 5,60,000 | 5,00,000 | MATÂ CATÂ CMATÂ KMATÂ Karnataka PGCET |
| 68 | 30 | Indian Institute of Technology (ISM) | Dhanbad | MBA | 5,50,000 | 3,00,000 | CAT |
| 69 | 76 -100 | Babasaheb Bhimrao Ambedkar University (BBAU) | Lucknow | MBA | 5,50,000 | 1,81,000 | Written exam by the institute |
| 70 | 36 | Jamia Millia Islamia | New Delhi | MBA | Â 5,40,000 | 47,000 | JMI Entrance |
| 71 | 46 | School of Business UPES | Dehradun | MBA | 5,25,000 | 14,19,800 | UPESMET/Â MAT/Â CMAT/Â CAT/Â XAT/Â GMAT/Â NMAT |
| 72 | 73 | IIHMR University | Jaipur | MBA – HM | 5,10,000 | 9,60,000 | MAT/ CAT/ CMAT/ ATMA/ XAT/ GMAT/ IIHMR-U |
| 73 | 76 -100 | Rajagiri Centre for Business Studies – RCBS | Kochi | PGDM | 5,00,000 | 7,00,000 | CAT/ CMAT/ KMAT/ KERALA MAT |
| 74 | 49 | AMU – Aligarh Muslim University | Aligarh | MBA | 4,80,000 | 5,87,000 | AMU Entrance exam |
| 75 | 37 | LPU – Lovely Professional University | Jalandhar | MBA | 4,32,000 | 5,32,000 | LPU NEST/XAT/MAT/CAT/CMAT |
| 76 | 70 | Birla Institute of Technology Mesra | Ranchi | MBA | 4,12,000 | 5,89,000 | CAT/Â MAT/Â XAT/Â CMAT |
| 77 | 76 -100 | Shri Mata Vaishno Devi University | Jammu | MBA | 4,00,000 | 3,85,000 | CMAT/Â MAT/Â CAT |
| 78 | 76 -100 | Faculty of Social Science Dayalbagh Educational Institute | Agra | MBA | 3,50,000 | 22,050 | Written exam by the institute |
| 79 | 76 -100 | Galgotias University | Noida | MBA | 3,00,000 | 3,08,000 | CMAT/Â MAT/Â CAT/Â NMAT |
| 80 | 76 -100 | The Business School University of Jammu | Jammu | MBA | 2,90,000 | 28,000 | CAT/MAT |
| 81 | 56 | K J Somaiya Institute of Management | Mumbai | MBA | Â NAÂ | 16,29,279 | CAT/Â XAT/Â CMAT/Â GMAT |
| 82 | 68 | Jaipuria Lucknow – Jaipuria Institute of Management | Lucknow | PGDM |  NA | 10,45,000 | CAT MAT XAT CMAT GMAT |
| 83 | 71 | Jagan Institute of Management Studies | Delhi | PGDM | Â NAÂ | 8,00,000 | GMATÂ MATÂ CATÂ XATÂ CMATÂ ATMA |
| 84 | 76 -100 | Institute of Business Management and Research (IBMR IPS) | Indore | MBA | Â NAÂ | 2,30,000 | CMAT |
| 85 | 76 -100 | J. C. Bose University of Science and Technology YMCA | Faridabad | MBA | Â NAÂ | 1,97,000 | CATÂ MATÂ XAT |
| 86 | 76 -100 | Shoolini University | Solan | MBA |  NA | 4,88,000 | MAT GMAT CAT SAT India HPCET |
| 87 | 76 -100 | JIMS Kalkaji – Jagannath International Management School | Delhi | PGDM |  NA | 7,95,000 | MAT XAT CMAT ATMA CAT |
| 88 | 38 | KL Business School KL University | Guntur | MBA | Â NA | 5,20,000 | KLUBSAT)/ ICET / MAT / CAT / XAT |
| 89 | 45 | Chandigarh University | Chandigarh | MBA | Â NA | 3,94,000 | CUCET/ CAT/Â MAT/Â GMAT |
| 90 | 51 | GGSIPU – Guru Gobind Singh Indraprastha University | Delhi | MBA |  NA | 2,42,000 | CAT/ CMAT/ IPU CET |
| 91 | 58 | IIITM Gwalior – Indian Institute of Information Technology and Management | Gwalior | MBA |  NA | 3,38,000 | CAT |
| 92 | 64 | Graphic Era University – GEU | Dehradun | MBA |  NA | 5,26,000 | CAT/ MAT/ XAT |
| 93 | 76 -100 | New Delhi Institute of Management | Delhi | PGDM | Â NA | 9,70,000 | CAT/Â MAT/Â XAT/Â ATMA/Â GMAT/Â CMAT |
| 94 | 76 -100 | School of Management Studies – University of Hyderabad (SMS Hyderabad) | Hyderabad | MBA |  NA | 2,02,000 | CAT |
| 95 | 76 -100 | IMT Nagpur – Institute of Management Technology | Nagpur | PGDM |  NA | 12,04,000 | CAT/ XAT/ GMAT/ CMAT |
| 96 | 76 -100 | Chandragupt Institute of Management | Patna | PGDM | Â NA | 7,65,000 | CAT/Â XAT/Â CMAT |
| 97 | 76 -100 | Balaji Institute of Management Human Resource Development (BIMHRD) Sri Balaji University | Pune | MBA | Â NA | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 8,45,000 | CAT/Â MAT/Â XAT/Â CMAT/Â MAH CET |
| 98 | 76 -100 | Pune Institute of Business Management | Pune | MBA | Â NA | Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 7,95,000 | MAT/Â XAT/Â GMAT/Â CAT/Â CMAT/Â ATMA/Â MAH CET |
| 99 | 76 -100 | JIMS Kalkaji – Jagannath International Management School | Delhi | PGDM |  NA | 7,95,000 | MAT/ XAT/ CMAT/ ATMA/ CAT |
| 100 | 76 -100 | IPE Hyderabad – Institute of Public Enterprise | Hyderabad | PGDM -IB |  NA | 8,15,000 | CAT/ MAT/ XAT/ CMAT/ ATMA GMAT |
The MBA admission process is challenging: from studying for one or more MBA entrance exams to preparing for interviews at top MBA colleges, it takes time and dedication.
The main motivator for professionals to get through the admission process is the promise of great career opportunities once you graduate with an MBA degree.
But what effect can studying on one of the top MBA programs in India have on your career?
Increased Opportunities
Such is the popularity and relevance of having an MBA in India that the degree has become a basic requirement for all top employers, who use it as a benchmark for professional acumen and managerial capability.
Boasting one of the largest consumer markets in the world, a strong services sector, and a booming technology industry, India is poised to offer a wealth of opportunities for aspiring professionals in the near and long-term future.
Consulting and financial services firms continue to be the largest recruiters for MBAs, though India has also seen a rise in Fast-Moving Consumer Goods (FMCG) companies such as ABInBev, Hindustan Unilever, P&G and Coca Cola.
Industrial conglomerates such as Reliance, Tata, and Aditya Birla Group, are also hiring MBAs from top MBA colleges in India for their general management roles and leadership development programs.
MBA Careers in Big Tech
Another industry that has become an attractive recruiter for MBA graduates in India is the technology sector. Big Tech players like Amazon, Google and Facebook offer a wealth of exciting opportunities, while a multitude of young companies and startups, ranging from Flipkart to Udaan, have emerged as sought-after destinations for MBA students.
Those are the career prospects you can expect if you decide to stay in India post-MBA. However, the career opportunities available aren’t just limited to roles in India. MBA students from the country are also in high demand in the Middle East, South East Asia, and even Europe.
Requirements for MBA in India
Now that you know the benefits of completing one, how do you apply for an MBA program in India?
The MBA admission process in India is mostly similar to that of global business schools: you appear for a graduate management aptitude test, followed by a second round of screening consisting of a group discussion and/or a personal interview.
The key difference in the admission process in India is in the MBA entrance exams you are expected to complete. Let’s break down the different MBA admission tests required by MBA colleges in India.
Which exam is required for MBA in India?
When you’re researching applying for an MBA abroad, you’ll find that almost all international business schools accept scores from one or both of the following MBA entrance exams:
- The Graduate Management Admission Test, or GMAT
- The Graduate Record Examination (GRE)
MBA colleges in India may also require applicants to sit these entrance exams, but there is more diversity in the types of MBA entrance exams required.
In India, different MBA colleges accept different test scores.
The Indian Institute of Management schools hold the Common Admission Test (CAT), which is also used by other prominent schools like the Faculty of Management Studies (FMS) and MDI.
Some programs ask students to complete their own admissions test. XLRI organizes the Xavier Aptitude Test (XAT) for the admission process, which is accepted by XIMB and IMT Ghaziabad too, among others.
Which MBA admission test should I take?
Prepping for MBA entrance exams is one of the most time-consuming parts of the MBA admission process.
Particularly if you’re juggling admission test preparation alongside a full-time job, you should be strategic and choose a common admission test that is accepted by more than one of your target MBA colleges.
The GMATÂ is one of the most popular MBA entrance exams because it is accepted by more than 100 business schools in India as well as those abroad. The MBA colleges in India that accept GMAT scores include prominent names such as ISB, SPJIMR, IIFT, and Goa Institute of Management.
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