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Best Colleges For MBA In India: Placements, Low Fees

Ever thought about pursuing your management studies in the best colleges for MBA in India? If not then you should as choosing the right MBA college is crucial for a successful career in management. With many options available in such a vast country like India, it can be oftentimes challenging to identify the best institutions. 

This blog is especially focused for you to explore the best colleges for MBA in India. It lays special emphasis on their eligibility criteria, entrance exams, top government and private colleges, and their fees.

All About the Best Colleges for MBA in India

The best colleges for MBA in India are reputed for their strong and detailed academic syllabus, teaching faculty, latest infrastructure, and excellent placement records. These institutions offer various specializations such as finance, marketing, human resources, operations, and international business. 

The best colleges for MBA in India are not just focused on academics but also values the holistic development of the students through extracurricular activities, industry interactions, and global exposure. These values are indeed crucial for preparing students for their future endeavors.

Eligibility Criteria

In order to successfully secure admission in the best colleges for MBA in India, the candidates should make sure that they meet the following eligibility criteria. Following are the eligibility criteria required by many best colleges for MBA in India.

  1. The candidate requires a bachelor’s degree in any discipline from a recognized university with a minimum aggregate score of 50%.
  2. The candidates who belong to reserved categories need  a minimum aggregate score of 45%.
  3. A valid score is also required in national-level entrance exams such as CAT, XAT, MAT, CMAT, GMAT, or institution-specific exams.
  4. Work Experience is  not mandatory for all the best colleges for MBA in India, work experience of 1-2 years is preferred by some top B-schools.
  5. Shortlisted candidates should clear personal interviews and group discussions as part of the selection process.

Entrance Exams for MBA

The best colleges for MBA in India accept scores from various national and institution-specific entrance exams. Read the section given below to know about all those exams which can surely provide you admission into the best colleges for MBA in India.

CAT (Common Admission Test)

This exam is conducted by IIMs. CAT is one of the most prestigious MBA entrance exams. It assesses candidates on skills such as quantitative ability, verbal ability, data interpretation, and logical reasoning.

XAT (Xavier Aptitude Test)

This entrance exam is conducted by XLRI. XAT is widely accepted by many best colleges for MBA in India. It includes sections on decision-making, verbal ability, quantitative ability, and general awareness.

MAT (Management Aptitude Test)

This test is generally conducted by AIMA. MAT is held four times a year and tests language comprehension, mathematical skills, data analysis, intelligence, and critical reasoning.

CMAT (Common Management Admission Test)

It is conducted by the National Testing Agency (NTA). The CMAT evaluates candidates on quantitative techniques, logical reasoning, language comprehension, and general awareness to give admission into the best colleges for MBA in India.

GMAT (Graduate Management Admission Test)

It is a global exam accepted by many Indian B-schools. GMAT assesses analytical writing, integrated reasoning, quantitative, and verbal skills.

Top 10 Government Colleges for MBA

Refer to the table given below to know about the best colleges for MBA in India that are Government.

College NameEstablishmentEntrance Exam AcceptedHighest Package (INR)Average Package (INR)
IIM Ahmedabad1961CAT1.46 CPA33.39 LPA
IIM Bangalore1973CAT55 LPA33 LPA
IIM Calcutta1961CAT1.20 LPA35.07 LPA
IIM Lucknow1984CAT1.23 CPA30 LPA
IIM Kozhikode1996CAT72.02 LPA27 LPA
IIM Indore1996CAT1 CPA25.68 LPA
IIT Delhi (DMS)1993CAT41.13 LPA22.69 LPA
IIT Bombay (SJMSOM)1995CAT72 LPA28.01 LPA
FMS Delhi1954CAT58 LPA32.40 LPA
NITIE Mumbai1963CAT78.20 LPA49 LPA

Top 10 Private Colleges for MBA

Refer to the table given below to know about the best colleges for MBA in India that are private.

College NameEstablishmentEntrance Exam AcceptedHighest Package (INR)Average Package (INR)
XLRI Jamshedpur1949XAT78.20 LPA32.07 LPA
SPJIMR Mumbai1981CAT/XAT/GMAT46.50 LPA22.90 LPA
MDI Gurgaon1973CAT1.14 CPA22.05 LPA
ISB Hyderabad2001GMAT72 LPA27.13 LPA
IMT Ghaziabad1980CAT/XAT/GMAT65.60 LPA16 LPA
SIBM Pune1978SNAP49 LPA28.16 LPA
NMIMS Mumbai1981NMAT67.80 LPA25.95 LPA
TAPMI Manipal1980CAT/XAT/GMAT32.02 LPA13.84 LPA
Great Lakes Chennai2004CAT/XAT/GMAT39.30 LPA17.30 LPA
ICFAI Business School (IBS)1995IBSAT/CAT/GMAT26.19 LPA7.48 LPA

Fees Structure of Top MBA Colleges

Following table contains the information about the fees structure of the best colleges for MBA in India.

College NameTypeFees (INR)
IIM AhmedabadGovernment25 Lakh
IIM BangaloreGovernment24.50 Lakh
IIM CalcuttaGovernment27 Lakh
IIM LucknowGovernment20.75 Lakh
IIM KozhikodeGovernment22.50 Lakh
XLRI JamshedpurPrivate23.15 Lakh
SPJIMR MumbaiPrivate24 Lakh
MDI GurgaonPrivate27.67 Lakh
ISB HyderabadPrivate32.77 Lakh
IMT GhaziabadPrivate19.02 Lakh

Conclusion

Choosing the best colleges for MBA in India is an important decision for aspiring management professionals. These institutions provide a strong foundation in business principles, leadership skills, and practical experience. It ensures that graduates are well-prepared for the corporate world. 

For such latest information on MBA and B.Tech colleges, exams, and personalized counseling services, visit Collegedunias. We are dedicated to help students make informed decisions about their education and career paths.Exploring the best colleges for MBA in India will undoubtedly set you on the path to a successful and fulfilling career. Whether you aim for a government or private institution, ensure you meet the eligibility criteria, prepare diligently for the entrance exams, and choose a college that perfectly aligns with your career goals and aspirations.


Frequently Asked Questions (FAQs)


Q1: Which is India’s No. 1 MBA college?

India’s No. 1 MBA college is the Indian Institute of Management (IIM) Ahmedabad.

Q2: Which are the top 5 best MBA colleges in India?

The top 5 best MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow and XLRI Jamshedpur.

Q3: Which college has the best MBA placement in India?

IIM Ahmedabad is known for having the best MBA placements in India.

Q4: Which are the top 10 government colleges for MBA in India?

The top 10 government colleges for MBA in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode, IIM Indore, IIT Delhi (DMS), IIT Bombay (SJMSOM), FMS Delhi and NITIE Mumbai.

Q5: Which is the No. 1 MBA college in the world?

The No. 1 MBA college in the world is the Stanford Graduate School of Business which is known for its strong curriculum, innovative approach, and outstanding placement opportunities.

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