MBA is the abbreviation for Master of Business Administration, a highly popular postgraduate study program worldwide. It is widely regarded as one of the best programs for individuals seeking career advancement in their early or mid-career stages. Top 10 MBA Colleges in India One of the key attractions of an MBA is its accessibility to individuals from diverse academic backgrounds, including engineering, commerce, law, arts, and more. The MBA program offers a comprehensive blend of theoretical, practical, and peer learning. In India, there are currently 20 IIMs and over 6,000 business schools offering MBA programs. While the courses, infrastructure, facilities, and faculty levels may vary across these institutions, the admission process is generally similar.
1. IIM Ahmedabad
IIM Ahmedabad, established on 11 December 1961 in Ahmedabad, Gujarat, received the status of an “Institute of National Importance” by the Ministry of HRD, Government of India in 2017. According to the NIRF 2020 rankings, IIMA secured the 1st position and is considered the best institution in the country under the management category. The official website of IIMA is iima.ac.in. IIM Ahmedabad offers various scholarships, including the Need-based Scholarship Scheme (PGP), scholarships for FPM, industry scholarships for PGPX, and more. For the past four years, IIM Ahmedabad has achieved a 100% placement rate, including in 2021. The institute witnessed 131 recruiters in 2021, including renowned companies like Blackstone Group, Colgate, Diageo, P&G, and more.
2. IIM Bangalore
Established in 1973 in Bangalore, Karnataka, IIM Bangalore has gained recognition as one of the top administration institutions in the country, securing the 2nd position in the NIRF 2020 rankings. It is renowned as one of the leading graduate schools in Asia for management studies. The official website of the institute is iimb.ac.in. IIM Bangalore offers various scholarships, including the Aditya Birla Scholarship, OPJEMS Scholarship, IIMB PGP Alumni First Batch (1976) Scholarship, and Financial Assistance. In 2021, IIMB received 481 offers for 435 students from 150 companies. Accenture emerged as the top recruiter, while other major recruiters included Amazon, Ernst & Young, Infosys, IBM, and more.
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3. IIM Calcutta
IIM Calcutta, located in Joka, Kolkata (West Bengal), is a renowned public business school established on 28 November 1961. Being the first IIM in the country, IIMC holds a prominent position among the best B-schools in India and secured the 3rd rank in the NIRF 2020 list for management education. In 2017, the institute was granted the status of “Institute of National Importance” by the MHRD of the Indian Government. IIM Calcutta is one of the only three triple-accredited B-schools in the country, with accreditations from AACSB, EQUIS, and AMBA. It was also the first B-school in India to achieve this recognition. Additionally, IIMC is accredited with CEMS. The official website of IIMC is iimcal.ac.in. Scholarships offered by IIM Calcutta include BPL Size, Damodar Valley Corporation Award for Creditable Performance, B.P. Poddar Scholarship, India Carbon Scholarship, and T.T. Krishnamachari Award.
4. IIM Lucknow
Established in 1984 in Lucknow, Uttar Pradesh, IIM Lucknow (IIM-L) is a prestigious business institution and the fourth member of the IIM family. IIM-L secured the 4th rank in the NIRF 2020 list of best administration organizations in the country. The Government of India, through the MHRD, recognized IIM Lucknow as an “Institution of Excellence.” Previously, IIM Lucknow served as a mentor institution for IIM Sirmaur, and currently, it continues to mentor newly established IIMs such as IIM Jammu, IIM Kashipur, and IIM Rohtak. IIM-L is affiliated with AMBA and AACSB. The official website of IIM-L is iiml.ac.in. IIM Lucknow offers need-based scholarships for its students.
5. VGSOM IIT Kharagpur
Established in 1993, Vinod Gupta School of Administration (VGSOM), IIT Kharagpur, is a renowned business school and a subsidiary of IIT Kharagpur. Located in Kharagpur, West Bengal, VGSOM secured the 5th position in the NIRF 2020 list of best management institutes in the country. VGSOM was the first commerce school to be established in IIT. The official website of VGSOM, IIT Kharagpur, is som.iitkgp.ac.in. In 2021, VGSOM received 116 offers from 71 companies, with the highest stipend reaching Rs. 48 lakh per month. Sales and Marketing emerged as the most preferred domain for placements in 2020 and 2021. Major recruiters included IBM, Amazon, Wipro Ltd., PwC India, Deloitte India, ICICI Bank, Google, Siemens, Titan, Vedanta, and more.
6. IIM Kozhikode
Established in 1996, IIM Kozhikode (IIMK) is a prestigious public business school located in Calicut (Kozhikode), Kerala. IIM Kozhikode is the fifth institute to join the IIM family and was established through a collaboration between the Government of India and the Government of Kerala. The institute holds the 6th position in the NIRF 2020 list of best management schools in India. IIMK has academic affiliations with AMBA. The official website of IIMK is iimk.ac.in. Scholarships offered by IIM Kozhikode include IIMK Merit Scholarship, Merit-cum-Means Scholarship, and Rajshree Sahu Maharaj Scholarship.
7. IIM Indore
Established in 1996, IIM Indore (IIM-I) is a renowned public business school located in Indore, Madhya Pradesh. IIM Indore is the sixth institute to join the IIM family and holds the 7th position in the NIRF 2020 list of best management institutes. In 2017, the Government of India, through the MHRD, granted IIM Indore the status of “Institute of National Importance” along with other IIMs. IIM Indore is one of the three B-schools to receive the prestigious ‘triple crown’ or ‘triple accreditation’ from AMBA, EQUIS, and AACSB. The official website of IIM Indore is iimidr.ac.in. Scholarships offered by IIM Indore include need-based financial assistance.
8. Department of Management Studies, IIT Delhi
DMS, IIT Delhi is an institution for administration instruction and research and is affiliated with the Indian Institute of Technology, Delhi. Established in 1993, DMS operates under the patronage of Bharti School of Telecom Technology and Management and offers a two-year full-time MBA course in TSM. In the NIRF 2020 list of top management institutes in India, DMS IIT Delhi secured the 8th position. The official website of DMS is www.dms.iitd.ac.in. According to available data for 2020, DMS IIT Delhi achieved 100% placements with new recruiters across all sectors. The institute received 83 placement offers for 68 scholars, with the highest compensation package reaching 33 LPA. Operations, finance, and IT were the top domains for placements in 2020. Major recruiters included OnePlus, Wipro, ICICI Bank, Amazon, Deloitte, Nestle, HDFC Bank, Reliance Industries, and more.
9. XLRI Xavier School of Management
Established in 1949, Xavier Labor Relations Institute (XLRI) Xavier School of Management is a prestigious private business school. XLRI is located in Jamshedpur, Jharkhand, and its motto is “Excellence and Integrity”. In the NIRF 2020 rankings for the best Indian institutes for management education, XLRI XSM secured the 9th position. The Society of Jesus (Jesuits) is the founder and management authority of the institute. XLRI is the oldest business school in India and has academic affiliations with AACSB and AMBA. The Society of Jesus has plans to open a second campus of XLRI Xavier School of Management in Delhi-NCR from 2020.
10. MDI Gurgaon.
Management Development Institute Gurgaon, a private business school, was established in 1973 in Gurgaon, Haryana. The institute was opened by the Industrial Finance Corporation of India and follows the motto “Perfection in action is Yoga”. In the NIRF 2020 list, MDI Gurgaon secured the 10th rank in the management category. The official website of MDI Gurgaon is mdi.ac.in. Scholarships offered by the institute include the O.P. Jindal Scholarship. In 2021, MDI Gurgaon achieved a 100% placement rate with the participation of 128 companies. The highest compensation package offered was 44 LPA. Major recruiters included Nestle, ICICI Bank, Asian Paints, Tata Consumer Products Ltd., Axis Bank, Amazon, Deloitte USI, Reliance Industries Ltd., and more.
