Top 10 MBA colleges in India

NIRF 2024 MBA Rankings - Top 10 MBA Colleges of India

Top 10 MBA Colleges In India

NIRF released the rankings of the Top 10 MBA Colleges in India. Despite having tough competition IIM Ahmedabad again top the list followed by IIM Bengaluru and IIM Kozhikode in 2nd and 3rd position respectively. Surprisingly FMS(Faculty of Management Studies - University of Delhi) has failed to make it into the elite list of top 10 business schools of India. IIT Delhi surpassed IIM Calcutta in the Rankings and secured the 4th spot on the list. XLRI Jamshedpur is the only private business school to enter this list having 9th rank. IIM Bombay also surpassed IIM Lucknow and secured the 6th position whereas IIM Indore and IIT Bombay secured 8th and 10th rank.

Ranking for Best MBA Colleges for Year 2024: Top 50 MBA Colleges | Top 100 MBA Colleges in India

Based on an extensive research, here, you will be proficiently guided by expert opinions and industry experience with respect to MBA admissions 2024. The important parameters and the methodology used by IIRF and these honorable organizations are regarded as India’s most credible B-school Rankings. NIRF rankings are out and IIMs still lead the charts but XLRI, MDI, SPJIMR, and IMT have unwaveringly retained their leadership, in spite of hard competition.

Ranking of Best 10 MBA Colleges in India

Rank Institute Name Placement Fees
1Indian Institute of Management - Ahmedabad35.68 LPA33.00 Lakh
2Indian Institute of Management - Bengaluru35.31 LPA24.50 Lakh
3Indian Institute of Management - Kozhikode31.02 LPA22.50 Lakh
4Indian Institute of Technology - Delhi24.45 LPA12.00 Lakh
5Indian Institute of Management - Calcutta35.07 LPA31.00 Lakh
6Indian Institute of Management - Mumbai25.40 LPA21.00 Lakh
7Indian Institute of Management - Lucknow32.23 LPA20.30 Lakh
8Indian Institute of Management - Indore30.21 LPA11.04 Lakh
9XLRI, Jamshedpur28.29 LPA23.15 Lakh
10Indian Institute of Technology - Mumbai28.88 LPA21.10 Lakh

Factors Considering the Ranking of Top 10 MBA Colleges 2024

NIRF considered many vital aspects before releasing the list of the top 10 business schools in India. Colleges that perform best in all aspects appear on the list. Most people think about the placements but that is not the only criterion to enter in list of top 10 b schools in India. There are a total of 5 factors and each carries 100 marks and colleges with higher marks appear in the ranking. Below are the 5 factors considered by the NIRF for rankings -

Factors Considering the Ranking of Top 10 MBA Colleges 2024
No. Parameter Marks Weightage
1Teaching, Learning & Resource (TLR)1000.30
2Research, Professional Practice &
Collaborative Performance (RPC)
1000.30
3Graduation Outcome (GI)1000.15
4Outreach and Inclusivity (OI)1000.15
5Perception (PR)1000.10
Above mentioned 5 parameters include these aspects -
  1. Placements of Batch
  2. Reputation of Companies
  3. Alumni Network
  4. Research and Publication
  5. Global Recognition
  6. Faculty
  7. Infrastructure
  8. Career Opportunities
  9. Entrepreneurship
  10. Institute Reputation

Eligibility Criteria for Top 10 B School of India

  1. Candidates need to have a graduation degree from a recognised university or institute in India.
  2. A minimum of 50% marks are required in a bachelor's degree or equivalent.
  3. Candidates need to appear in the Common Admission Test (CAT) for admission to the top 10 management institutes of India. Only for XLRI candidates can also take admission via XAT.
  4. Scores of GMAT are also accepted by the colleges.
  5. There is no maximum age limit for admission to these institutes.
  6. Candidates with work experience are more likely to get admission instead of fresher people.
  7. All the top 10 business school have their Group discussion and personal interview rounds for admissions.

Top 10 Government MBA Colleges in India

The list of top government MBA colleges is always filled with the IIMs but in 2024 some IITs have surpassed the IIMs. Department of Management Studies of IIT Delhi has secured the 4th rank by beating IIM Calcutta and Mumbai. Due to poor performance in the 2024 placement, IIM Calcutta has been shited to the 5th position. IIT Mumbai defeated the IIFT, and baby IIMs to enter the top 10 list. The good news is that all the government MBA colleges on the list have successfully placed their student with an average package of more than 18.75 LPA.

placement of Top 10 MBA Colleges 2024
RankInstitute NamePlacementFees
1Indian Institute of Management - Ahmedabad35.68 LPA33.00 Lakh
2Indian Institute of Management - Bengaluru35.31 LPA24.50 Lakh
3Indian Institute of Management - Kozhikode31.02 LPA22.50 Lakh
4Indian Institute of Technology - Delhi24.45 LPA12.00 Lakh
5Indian Institute of Management - Calcutta35.07 LPA31.00 Lakh
6Indian Institute of Management - Mumbai25.40 LPA21.00 Lakh
7Indian Institute of Management - Lucknow32.23 LPA20.30 Lakh
8Indian Institute of Management - Indore30.21 LPA11.04 Lakh
9Indian Institute of Technology - Mumbai28.88 LPA21.10 Lakh
10Indian Institute of Management - Rohtak18.74 LPA8.95 Lakh

Best 10 Private Business Schools of India in 2024

XLRI is the only private management institution which makes it into top overall top 10 management institute rankings. Chandigarh University and Amrita Vishwa Vidyapeetham have made it to the top 10 private b schools in India surpassing the institute like Jaipuria, Taxila, TAPMI, IFCAI and more. SPJIMR despite having the top average placement among all the private business schools have secured 5th rank. It indicates that NIRF rankings are not primarily based on the placements instead they carefully look for other aspects as well.

fees of Top 10 MBA Colleges 2024
RankInstitute NamePlacementFees
1XLRI, Jamshedpur28.29 LPA23.15 Lakh
2Management Development Institute - Gurugram26.18 LPA16.70 Lakh
3Symbiosis Institute of Business Management28.16 LPA24.20 Lakh
4Amrita Vishwa Vidyapeetham8.33 LPA7.90 Lakh
5S. P. Jain Institute of Management and Research - Mumbai33.00 LPA21.00 Lakh
6SVKM`s Narsee Monjee Institute of Management Studies - Mumbai25.13 LPA11.95 Lakh
7MICA - Ahmedabad17.45 LPA23.00 Lakh
8Great Lakes Institute of Management - Chennai15.10 LPA20.80 Lakh
9Institute of Management Technology - Ghaziabad 17.35 LPA21.53 Lakh
10Chandigarh University - Mohali7.80 LPA5.56 Lakh

Placement Wise Top 10 B Schools of Country

RankInstitute NamePlacementPlacement(%)
1Indian Institute of Management - Ahmedabad35.68 LPA100%
2Indian Institute of Management - Bengaluru35.31 LPA100%
3Indian Institute of Management - Calcutta35.07 LPA100%
4S. P. Jain Institute of Management and Research 33.00 LPA100%
5Indian Institute of Management – Lucknow32.23 LPA100%
6Indian Institute of Management – Kozhikode31.02 LPA100%
7Indian Institute of Management – Indore30.21 LPA100%
8Indian Institute of Technology – Mumbai28.88 LPA100%
9Xavier Institute of Management - Bhubaneswar28.29 LPA100%
10Symbiosis Institute of Business Management28.16 LPA100%
Also Read: IIM Placement 2024 | Best MBA Placement Colleges in India

Employement Rate Wise Best 10 B-Schools in India

Rank MBA Colleges State
1 XLRI-Xavier Labour Relations Institute, Jamshedpur Jharkhand
2 MDI-Management Development Institute, Gurgaon Haryana
3 SPJIMR-S P Jain Institute of Management & Research, Mumbai Maharashtra
4 SIBM-Symbiosis Institute of Business Management, Pune Maharashtra
5 Taxila Business School, Jaipur Rajasthan
6 XIMB-Xavier Institute of Management, XIM University, Bhubaneswar Odisha
7 NMIMS School of Business Management, Mumbai Maharashtra
8 IMI-International Management Institute, New Delhi Delhi
9 MICA, Ahmedabad Gujarat
10 IMT-Institute of Management Technology, Ghaziabad Uttar Pradesh

FAQs

Question: Which is the best MBA College in India?
Answer :IIM Ahemdabad tops the elite list of best management institutes in India followed by IIM Bangalore and IIM Kozhikode.

Question: Which are the Top colleges for MBA in India?
Answer :Here is the list of Best colleges for MBA in India - 1. IIM Ahemdabad, 2. IIM Bangaluru, 3. IIM Kozhikode, 4. IIT Delhi, 5. IIM Calcutta

Question: Which MBA College has the highest placement?
Answer :IIM has rhe highest placement of 1.75 crore followed by the IIM Bengaluru with 1.15 Crore in 2024.

Question : Which MBA Programme or course in the best?
Answer : Here are some best MBA Specialisations - Finance, Human resources, Operations, Supply and Chain, Marketing, Business Analytics, and Information Technology.

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