Top MBA Colleges In India According To CMI MBA College Rankings 2024.

Top MBA Colleges In India: Over the past few decades, MBA/PGDM programs in colleges across India have been competing with universities around the world. Admission to these programs is in high demand as they offer students a comprehensive experience that sets them up for success throughout their careers.

Companies from around the world like Goldman Sachs, JPMorgan and Chase, Boston Consulting Group, Google are regular recruiters at these campuses.

The CMI Indian Institutional Ranking (CMIIIR) recently published rankings for the top MBA institutes in the country (based on average placement). It collected data from the institute’s website, social media and worked with experts in the field to prepare the rankings.

Each institution is given points according to its placement strategies, support and placement performance.

Find out the Top MBA colleges in India based on CMI MBA College Rankings 2024, the selection process for their programs, and career prospects after graduation.

10. Shailesh J Mehta School of Management, (Part of Indian Institute of Technology Bombay)

The Shailesh J Mehta School of Management is part of the Indian Institute of Technology Bombay, and was founded in 1995. The school offers management courses in IT, Finance, Marketing, and other areas, creating excellent career prospects for students after graduation.

To apply for admission to its MBA program, candidates need a degree from a four-year undergraduate (UG) program with at least 60% marks. They also need a relevant CAT score and must be above the 75th percentile in QA, VARC, and DILR, and above the 90th percentile overall.

Most students joining the MBA program come from an IT background and have less than three years of work experience.

Eligible candidates are selected for a personal interview based on a composite score, which considers their CAT scores and performance during their 12th class exams and graduation. Women, postgraduates (PG) and professionals may get an additional 5% weightage based on their work experience.

After the CAT result candidates will be selected for the program based on their CAT performance, personal interview and their profile.

The latest available placement report revealed that the largest chunk of IIT Mumbai students went to consulting companies and the average CTC offered is 28.01 LPA.

Fee: Rs 14.08 Lakh

9. Institute of Indian Management Kozhikode (IIM Kozhikode)

Indian Institute of Management (IIM)Kozhikode, (IIM Kozhikode) is one of the younger IIMs, but its excellent faculty and infrastructure have provided students with some of the best career prospects in the country.

Candidates need a bachelor’s degree securing at least 60% marks to be eligible for admission to IIM Kozhikode. Eligible candidates will be shortlisted for a personal interview (PI) and writing ability test (WAT) based on their CAT scores, class 10th and 12th marks, with additional marks for work experience and gender/academic diversity. The final list of students will be selected after PI and WAT based on their CAT scores, performance in the interview and writing tests, and their CV.

The institute offers specialisations in Marketing, IT, Finance, Accounting and more. As per the latest reports, MBA graduates got placements with an average CTC of Rs 28.05 per annum. Most graduates went into consulting with Bain & Company and Goldman Sachs making the highest number of offers. Fee: Rs.20,50,000/-

8. Institute of Indian Management Lucknow (IIM Lucknow)

Indian Institute of Management Lucknow was India’s fourth IIM and was founded in 1984. Since then it has produced MBA graduates who are in leading companies across the world.

To be eligible for the program at IIM Lucknow, candidates must have a bachelor’s degree or equivalent with at least 50% marks and their CAT should be in the 85th percentile or above for VARC, DILR and QA and in the 90th percentile overall. Candidates who meet the eligibility criteria are selected for a personal interview and a written ability test (WAT).

Next, students are selected based on their CAT scores, academic performance during 12th and graduation, performance in the writing test and personal interview, with additional marks given for gender and academic diversity.

The institute offers specializations in Marketing, Finance, Accounting, HR, Operations, IT and more. After graduating from the institute, students get placements with an average CTC of 30 LPA as per latest reports.

Fees: Rs 20.75Lakh

7. Institute of Indian Management Mumbai (IIM Mumbai)

IIM Mumbai (formerly NITIE Mumbai) is one of the most renowned management institutes in the country and attracts the top students from the country.

To be eligible for admission to the MBA program at IIM Mumbai, candidates must have a bachelor’s degree with 4-year program with a minimum of 50% or equivalent score. They must also be in at least the 85th percentile in their CAT exams and at least the 80th percentile in VARC and DILR and the Quant score must be in the 75th percentile.

Shortlisted candidates are called for a personal interview and are allotted seat based on this, their CAT score, academic performance, work experience, with additional scores for gender diversity.

The program offers specializations in Marketing, Finance, HRM, and Many other areas. After graduation, most students enter consulting, with an average package of Rs 31 lakh in placements.

Fees: Rs 21 Lakhs

Top MBA Colleges In India Rankings 2025

6. XLRI Jamshedpur

Established in 1949, XLRI is the oldest and most renowned management school in India. XLRI aim to be an institution of excellence nurturing responsible global leaders for the greater common good and a sustainable future.

To be eligible for admission to the PGDM program at XLRI Jamshedpur, candidates must have a bachelor’s degree with 4-year program with a minimum of 50% or equivalent score. They must also be in at least the 99 percentiles in their XAT exams.

The PGDM course in HRM is the oldest and most prestigious of the institute’s teaching programmes. It has been ranked as the best programme in India and the Asia-Pacific region.

Shortlisted candidates are called for a personal interview and are allotted seat based on this, their XAT score, academic performance, work experience, with additional scores for gender diversity.

The program offers specializations in PGDM HRM, PGDM BM, PGDM GM and Many other areas. After completing the course, students get jobs with an average package of Rs 32.07 lakh.

Fees: Rs 28.62 Lakhs

5. S. P. Jain Institute of Management and Research (SPJIMR)

S.P. Jain Institute of Management and Research (SPJIMR), a constituent of the prestigious Bharatiya Vidya Bhavan (BVB), is a leading Indian business school established in 1981.

To be eligible for admission to the PGDM program at S. P. Jain candidates must have a bachelor’s degree with 4-year program with a minimum of 50% or equivalent score. They must also be in at least the 85 percentiles in their CAT exams.

Shortlisted candidates are called for a personal interview and are allotted seat based on this, their CAT score, academic performance, work experience, with additional scores for gender diversity.

The program offers specializations in PGDM, PGDM BM and many other areas. After completing the course, students get jobs with an average package of Rs 33.02 lakh.

Fees: Rs 22.50 Lakhs

4. Faculty of Management Studies (FMS), University of Delhi

FMS is one of the top management institutes in the country but also the least expensive. It boasts of the best ROI among MBA colleges in India. The tuition fee for the entire program comes to just Rs 2 lakh, but students get placements of around 34.01 LPA.

While the eligibility criteria are the same as the rest on this list, the competition is huge and just being qualified is unlikely to get you admission here. Having said that, you need at least 50% marks in graduation and candidates are selected based on their CAT score, marks in 10th and 12th, discussion on the statement of purpose, extempore and performance during the interview.

The institute offers specialisations in Marketing, Finance, Entrepreneurship, IT and many more. Most graduates go into the consultancy sector, where companies like Accenture, Amazon, American Express and Bain & Co are regular recruiters on campus.

Fees: Rs.2.10 Lakhs

3. Institute of Indian Management Calcutta (IIM Calcutta)

The Indian Institute of Management Calcutta is a public business school located in Joka, Kolkata, West Bengal, India. It has the distinction of being the first Indian Institute of Management (IIM) and has been declared an institute of national importance by the Government of India.

Most of the students joining the MBA program at Indian Institute of Management Calcutta are from engineering backgrounds and have about one year of work experience. To be eligible for admission to the program, candidates must have a bachelor’s degree with at least 50% marks and in the 80th percentile for the VACR, DILR and QA sections and the 90th percentile or above overall in the CAT exams.

Eligible candidates are selected for a personal interview and a writing test based on their academic performance and CAT scores. After the interview, students are selected based on their CAT scores, performance in their interview and writing tests, and work experience. The average CTC of the last batch of students who graduated from IIM Calcutta was 35.07 LPA.

Fees: Rs 27 Lakh

2. Institute of Indian Management Bangalore (IIM Bangalore)

Indian Institute of Management Bangalore (IIM Bangalore) is a reputed business school and an Institute of National Importance located in Bangalore, Karnataka, India. The institute offers specialization in Marketing, Entrepreneurship, Finance, and Accounting among others.

Candidates need a valid CAT score to be eligible for admission to IIM Bangalore. The final selection is based on their CAT scores, academics, work experience, and their performance in writing ability tests and interviews. Most of the students who join the MBA program at IIM Bangalore come from an engineering background with around 2 years of experience.

 The IIM Bangalore offers students an amazing opportunity to work with the top companies in the world once they graduate. After graduation, a large number of students enter the consulting field, with firms such as Bain & Company, Boston Consulting Group, and Goldman Sachs being the primary employers making the largest number of hires. Students usually get an average CTC of 35.92 LPA during campus placements.

Fees: Rs 24. 50 Lakh

1. Indian Institute of Management Ahmedabad (IIM Ahmedabad)

The Indian Institute of Management Ahmedabad (IIM Ahmedabad) is an Indian business school, located in Ahmedabad, Gujarat, India. Recognized as one of the leading Indian Institutes of Management (IIM), it is designated as an Institute of National Importance by the Ministry of Human Resource Development, Government of India.

Most students who enrol in the program typically have a background in information technology and industry, many of whom are recent graduates or have one to two years of professional experience.

To be eligible for admission, candidates must hold a bachelor’s degree with at least 50% marks or an equivalent and a valid CAT score and be at least in the 70 percentiles for all the sections and in the 80 percentiles overall.

Like most other institutes, eligible candidates will be shortlisted for a personal interview and a written ability test and will be selected based on their performance as well as their marks from 10th, 12th, bachelor’s, and work experience. A large number of students pursued careers in the consulting sector, with Boston Consulting Group emerging as the leading recruiter, followed by Bain & Company.

Students are getting an average of Rs 32.79* LPA (IIM Ahmedabad IPRS audit in October) during campus placements.

Top MBA Colleges in India: Cut-offs 2024

Fees: Rs. 31.5 Lakh

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