Top 10 Business Schools in India for MBA: “Getting an ABC call from Trinity” is the dream of any Indian MBA aspirant. In India, the field of management studies is regulated by the IIMs. However, IIMs are not the only management colleges that offer quality education. In India, there are other top colleges whose quality is considered comparable to that of the IIMs.
Students seeking a Master’s in Business Administration (MBA) are not required to enroll at the Indian Institutes of Management (IIMs) and top IITs (DoMS). Many other prestigious business schools offer specialised MBA programs that match the quality of education provided by IIMs.
An MBA provides students with an introduction to the corporate world and is highly valuable for students pursuing careers in technology, commerce, engineering, and the arts. From MDI to MICA, here is a list of the top 10 business schools in India (non-IIM and non-IIT) that offer MBA and other management programs, along with their NIRF rankings for 2025. According to the NIRF Ranking 2025, MDI Gurgaon and XLRI Jamshedpur are the best business schools (non-IIM and non-IIT).
Also Read: Top 10 Non-IIM MBA Colleges in India: Check Placements, Rankings and More
Here is the list of the Top 10 Business Schools in India:
| B-School | NIRF Ranking | Fees | Average Placement | ROI |
| MDI Gurgaon | 9 | INR 24.99 Lakh | INR 25.6 LPA | Compare Now |
| XLRI Jamshedpur | 10 | INR 24 Lakh | INR 31.08 LPA | Compare Now |
| SIBM Pune | 11 | INR 24.20 Lakh | INR 28.33 LPA | Compare Now |
| IIFT New Delhi | 17 | INR 21.82 Lakh | INR 27.30 LPA | Compare Now |
| SP Jain Mumbai | 20 | INR 22.50 Lakh | INR 32.10 LPA | Compare Now |
| NMIMS Mumbai | 24 | INR 25.00 Lakh | INR 25.13 LPA | Compare Now |
| MICA Ahmedabad | 33 | 25.35 Lakh | INR 19.22 LPA | Compare Now |
| IMI Delhi | 40 | INR 22.00 Lakh | INR 16.71 LPA | Compare Now |
Top 2 Best Business Schools in India Known for the Best in ROI (Not in NIRF Ranking)
The Faculty of Management Studies (FMS) in Delhi and the Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai are consistently ranked among India’s top business schools for their high return on investment (ROI), due to their low tuition fees and high average placement packages. Both are known for their strong industry relationships and emphasis on high-value placements, providing excellent value for money.
| B-School | Fees | Highest Placement | Average Placement | ROI |
| FMS New Deli | INR 2.29 Lakh | INR 1.23 Cr. LPA | INR 34.1 LPA | Compare Now |
| JBIMS Mumbai | INR 6.01 Lakh | INR 87.12 LPA | INR 26.4 LPA | Compare Now |
Also Read: MBA jobs in India: Job Roles and Salaries After completing the Course
