Top MBA Colleges in India: List of Top Colleges, Fee Structure, Entrance Exam, Rankings
MBA stands for Master of Business Administration and revolves around managing and administering a business. It is a 2-year post-graduation course. MBA is also considered one of the more expensive business courses in India, but its popularity exists due to the value it provides for that cost.
The subjects taught under MBA are Management accounting, Financial accounting, Managerial economics, Marketing Management, Business ethics, and Strategic management.
One major exam for granting admission to MBA courses is the CAT exam. CAT is a national-level entrance exam that is considered for admission by almost every business college and business school. Other than that, a few other entrance exams grant admission into the MBA courses, which are CMAT and MAT. Different State-level and Institute-level examinations are also conducted to grant admissions into various Business colleges.
MBA is offered in both regular in-class and online/distance forms of education. Distance education means that a student can gain admission to a college and participate in classes from a different city or even from a different country through online classes.
Another type of MBA that has been popularized just recently in India is the Executive MBA. This is a foreign concept and is available only to working people who already have work experience of at least five years. Those who want to brush up their skills in particular or different specializations can choose this course.
For the past few years, every company or firm has demanded at least an MBA from the candidates who interview to be a manager or some other position in the management field. MBA has become a necessity nowadays for those who want to pursue management. A fresher's salary for candidates who have completed their MBA ranges from Rs. 5 Lakhs to 22 Lakhs. Many top companies provide great salary packages for MBA graduates.
The admission process has already started for some top MBA colleges in India, such as IIM.
There are 110 top MBA colleges in India. Out of which, 64 institutes are privately owned, 45 colleges are owned by public/government organizations, and public-private organizations own 1 college. CAT, MAT XAT, and CMAT are the primary accepted exams in the best MBA colleges in India. As per NIRF ranking 2023, the top MBA colleges in India are IIM Ahmedabad, IIM Calcutta, IIM Bangalore, etc.
The revised position for some of the top MBA colleges in India is mentioned below:
- IIM Kozhikode had an improvement in its standing, moving up to rank 3 in 2023 from rank 5 in 2022.
- IIM Calcutta had a drop in ranking, moving from position 3 in 2022 to rank 4 in 2023.
- At INR 10,228 each semester, Banaras Hindu University has the lowest tuition.
- IIM Ahmedabad offers the highest placement package, i.e., INR 31.50 LPA.
- The best MBA school in India is IIM Ahmedabad, followed by IIM Bangalore and IIM Kozhikode. In the most recent NIRF rankings for 2023, the institutes are rated 1, 2, and 3.
Course Highlights
How can I apply to the best MBA programs in India?
The prerequisites for admission to India's best business schools may vary from college to college. Nonetheless, the following are the requirements for MBA eligibility:
Most institutes follow the minimum score criteria in graduation, which are 50% aggregate or equivalent CGPA. For reserved category students, the minimum aggregate is 45% or equivalent CGPA.
Final-year graduation candidates are also eligible to apply for an MBA, provided they present proof of completion of graduation within the duration specified by the institute.
Entrance exams for MBA colleges in India
The two most popular entrance exams accepted in top MBA Colleges in India are:
CAT: The Common Admission Test (CAT) is required for admission to MBA programs provided by more than 1,200 B-schools and 20 IIMs in India, and over 1,200 B-schools in India. The three parts of the CAT question paper are Data Interpretation, Quantitative Aptitude, Logical Reasoning, and Verbal Ability and Reading Comprehension.
XAT: It takes at least six to nine months to prepare for the XAT. XAT demands a commitment of time and energy because it is one of the more difficult MBA admission examinations compared to its competitors. General Knowledge, Verbal Ability and Logical Reasoning, Quantitative Ability & Data Interpretation, and Decision Making are its four sections.
MAT: The exam is given in four phases—February, May, September, and December—over several sessions. The MAT exam is administered in three different ways: remotely proctored (Internet Based Test, IBT), online(CoThe All India Management Association (AIMA) administers the Management Aptitude Test (MAT), a national entrance exam to candidates seeking admission to MBA and PGDM programs. Computer Based Test, CBT), and offline (Paper Based Test, PBT).
Which is the best College for an MBA in India?
Every year, NIRF rankings are published following the annual data gathered by the framework. Five factors, including graduation rate, research and professional practice, teaching and learning resources, and the overall impression of the institution, are used to determine rankings and ratings.
Top Private MBA colleges in India
Top Govt. MBA colleges in India
Top Distance MBA Colleges in India 2023
Top MBA Colleges In Zone-Wise
Top MBA Colleges In South Zone
Top MBA Colleges In North Zone
- Best MBA Colleges in Delhi
- Best MBA Colleges in Lucknow
- Best MBA Colleges in Jaipur
- Best MBA Colleges in Dehradun
- Best MBA Colleges in Chandigarh
- Best MBA Colleges In Ghaziabad
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