Content Strategist | Updated On - Nov 1, 2026
FMS Delhi has topped the Collegedunia MBA Ranking 2026 in Delhi NCR with a score of 895 out of 1000, followed by MDI Gurgaon at 854 and DMS IIT Delhi at 811. However, DMS IIT Delhi leads the region in NIRF Management Ranking 2025 at fourth position nationally.
Among the 23 colleges compared, course fees range from INR 34,532 at the DC University of Delhi, to INR 28.98 lakh at Masters' Union Gurgaon. The rankings also highlight differences in placement packages, return on fees and performance across major ranking agencies.
Top Ranked MBA Colleges in Delhi NCR 2026: Key Summary
| What It Costs | What It Pays Back | How They Rank | What The Data Covers |
|---|---|---|---|
| Fee range: 34,532 at the DC University of Delhi to 28.98 Lakh at Masters' Union | Average/Median Package range: 6.50 LPA at GGSIPU to 33.39 LPA at Masters' Union | Ranked in NIRF Management: 11 of the 23 colleges, in any of the last three years | MBA-specific placement data: published by 16 of the 23 colleges |
| Cheapest option: the Department of Commerce at the University of Delhi, followed by FMS Delhi and DTU | Highest Package: 1.23 Crore at IIFT Delhi, 1.10 Crore at FMS Delhi, 97.50 LPA at MDI Gurgaon | Best NIRF rank: DMS IIT Delhi at 4, ahead of MDI Gurgaon at 9 and IIFT Delhi at 17 | No MBA placement data: 7 of the 23 colleges publish none at all |
| Most expensive option: Masters' Union at 28.98 Lakh, ahead of MDI Gurgaon at 26.55 Lakh | Best ROI: Department of Commerce 4036.84%, FMS Delhi 1241.15%, DMS IIT Delhi 229.69% | Agencies covered: NIRF, IIRF, Outlook and Business Today | Latest editions: NIRF 2025, IIRF 2026, Outlook 2027, Business Today 2026 |
Top Ranked MBA Colleges in Delhi NCR 2026: Collegedunia Rankings
FMS Delhi has secured first position in the Collegedunia MBA Ranking 2026 for Delhi NCR with a score of 895. MDI Gurgaon ranks second with 854 points, followed by DMS IIT Delhi at 811 and IIFT Delhi at 791.
| CD Rank | College Name | CD Score (out of 1000) | Total Course Fees (INR) | Flagship Programme | Average/Median Package | NIRF 2025 Management |
|---|---|---|---|---|---|---|
| 1 | FMS Delhi | 895 | 2.60 Lakh | MBA | 32.27 LPA (average) | Not ranked |
| 2 | MDI Gurgaon | 854 | 26.55 Lakh | PGDM | 29.50 LPA (average) | 9 |
| 3 | DMS IIT Delhi | 811 | 9.60 Lakh | MBA | 22.05 LPA (median) | 4 |
| 4 | IIFT Delhi | 791 | 19.73 Lakh | MBA International Business | 31.30 LPA (average) | 17 |
| 5 | Masters' Union, Gurgaon | 725 | 28.98 Lakh | PG Programme in Technology and Business Management | 33.39 LPA (average) | No NIRF record |
| 6 | IIM Rohtak | 710 | 17.90 Lakh | PGP | 19.27 LPA (median) | 19 |
| 8 | DFBE University of Delhi | 665 | Not published | MBA Business Economics and MBA Finance | Not disclosed by institute | Not ranked |
| 10 | DC University of Delhi | 622 | 34,532 | MBA International Business and MBA HRD | 13.94 LPA (average) | Not ranked |
| 11 | GLIM Gurgaon | 579 | 19.82 Lakh | PGDM | 12.10 LPA (average) | 50 |
| 12 | IIM Sambalpur, Delhi Campus | 560 | 16.75 Lakh | MBA Business Analytics | No cohort graduated yet | Not ranked |
| 13 | FIIB New Delhi | 560 | 10.10 Lakh | PGDM | 9.50 LPA (median) | Not ranked |
| 14 | SOILIM Gurgaon | 557 | Not published | PGPM (one year) | 11.83 LPA (average) | Not ranked |
| 15 | Amity University, Noida | 556 | 15.80 Lakh | MBA | 7.00 LPA (median) | 49 |
| 16 | Delhi Technological University | 534 | 5.00 Lakh | MBA | Not disclosed by institute | Not ranked |
| 17 | Jamia Millia Islamia | 531 | Not published | MBA | 16.00 LPA (median) | 28 |
| 18 | IILM Institute for Higher Education, New Delhi | 505 | 12.90 Lakh | PGDM | Not disclosed by institute | Not ranked |
| 19 | GGSIPU | 496 | Not published | MBA | 6.50 LPA (median) | 76 |
| 20 | Fostiima Business School | 475 | 11.95 Lakh | PGDM | Not disclosed by institute | Not ranked |
| 21 | IILM University, Gurgaon | 474 | 12.90 Lakh | MBA | 7.00 LPA (median) | Not ranked |
| 22 | BML Munjal University | 467 | 15.10 Lakh | MBA | 8.12 LPA (median) | 77 |
| 23 | Asia Pacific Institute of Management | 451 | 11.50 Lakh | PGDM | 8.11 LPA (average) | Not ranked |
| 24 | Bennett University | 438 | Not published | MBA | Not disclosed by institute | Not ranked |
| 25 | Jamia Hamdard | 434 | 6.03 Lakh | MBA | Not disclosed by institute | 87 |
Note: FMS Delhi tops the rankings with total fees of approximately INR 2.60 lakh and an average package of INR 32.27 LPA. MDI Gurgaon and DMS IIT Delhi follow in second and third positions. Masters' Union Gurgaon ranks fifth, although its postgraduate programme is not an MBA or PGDM qualification.
Top Ranked MBA Colleges in Delhi NCR: Fees, Placements and ROI
Masters' Union Gurgaon has reported the highest average package of INR 33.39 LPA among the listed management programmes, followed by FMS Delhi at INR 32.27 LPA and IIFT Delhi at INR 31.30 LPA. The table compares median, average and highest placement packages across different graduating batches.
| College Name | Batch | Median Package | Average Package | Highest Package |
|---|---|---|---|---|
| Masters' Union, Gurgaon | Cohort of 2025 | 27.79 LPA | 33.39 LPA | Institute contradicts itself |
| FMS Delhi | MBA 2024-26 | 29.59 LPA | 32.27 LPA | 1.10 Crore |
| IIFT Delhi | MBA 2023-25 | 26.00 LPA | 31.30 LPA | 1.23 Crore (international); 72.00 LPA (domestic) |
| MDI Gurgaon | PGDM 2024-26 | 29.00 LPA | 29.50 LPA | 97.50 LPA |
| DMS IIT Delhi | 2023-24 graduating | 22.05 LPA | Not published | Not disclosed (institute policy) |
| IIM Rohtak | 2022-24 graduating | 19.27 LPA | Not published | Not published |
| Jamia Millia Islamia | 2024-25 graduating | 16.00 LPA | Not published | Not published |
| DC University of Delhi | Batch year not printed | 12.50 LPA | 13.94 LPA | 32.00 LPA |
| GLIM Gurgaon | PGDM, 2024-25 and Class of 2026 | 11.83 LPA | 12.10 LPA | 24.00 LPA |
| SOILIM Gurgaon | PGDM 2024-26 | 11.80 LPA | 11.83 LPA | 24.80 LPA |
| FIIB New Delhi | Class of 2026 | 9.50 LPA | Not published | Not published |
| BML Munjal University | 2024-25 graduating | 8.12 LPA | Not published | 17.00 LPA |
| Asia Pacific Institute of Management | AICTE disclosure, 2021 | Not published | 8.11 LPA | Not published |
| Amity University Noida | 2023-24 graduating | 7.00 LPA | 8.00 LPA | 15.00 LPA |
| IILM University Gurgaon | 2024-25 graduating | 7.00 LPA | Not published | Not published |
| GGSIPU | 2023-24 graduating | 6.50 LPA | Not published | Not published |
Note: IIFT Delhi has reported the highest international offer at INR 1.23 crore, while FMS Delhi records INR 1.10 crore and MDI Gurgaon INR 97.50 LPA. FMS Delhi also leads the reported median packages at INR 29.59 LPA, followed by MDI Gurgaon at INR 29 LPA.
Return on Investment
The Department of Commerce, University of Delhi, leads the return-on-fees comparison at 4036.84%, followed by FMS Delhi at 1241.15%. The table compares course fees with reported average or median placement packages.
| Rank by ROI | College Name | Total Course Fees | Average/Median Package | ROI |
|---|---|---|---|---|
| 1 | DC University of Delhi | 34,532 | 13.94 LPA (average) | 4036.84% |
| 2 | FMS Delhi | 2.60 Lakh | 32.27 LPA (average) | 1241.15% |
| 3 | DMS IIT Delhi | 9.60 Lakh | 22.05 LPA (median) | 229.69% |
| 4 | IIFT Delhi | 19.73 Lakh | 31.30 LPA (average) | 158.64% |
| 5 | Masters' Union, Gurgaon | 28.98 Lakh | 33.39 LPA (average) | 115.22% |
| 6 | MDI Gurgaon | 26.55 Lakh | 29.50 LPA (average) | 111.11% |
| 7 | IIM Rohtak | 17.90 Lakh | 19.27 LPA (median) | 107.65% |
| 8 | FIIB New Delhi | 10.10 Lakh | 9.50 LPA (median) | 94.06% |
| 9 | GLIM Gurgaon | 19.82 Lakh | 12.10 LPA (average) | 61.05% |
| 10 | IILM University, Gurgaon | 12.90 Lakh | 7.00 LPA (median) | 54.26% |
| 11 | BML Munjal University | 15.10 Lakh | 8.12 LPA (median) | 53.77% |
| 12 | Amity University, Noida | 15.80 Lakh | 7.00 LPA (median) | 44.30% |
Note: DMS IIT Delhi ranks third with a return-on-fees figure of 229.69%, followed by IIFT Delhi at 158.64%. The Department of Commerce records the highest ratio because of its comparatively low course fee of INR 34,532.
Where the headline package figures come from
Several of the largest numbers attached to Delhi NCR colleges are not management figures. Delhi Technological University shows 85.30 Lakh on the listing, but DTU files no NIRF Management submission at all and is absent even from NIRF's list of participating institutions, while Delhi School of Management's own placement page carries headings with no figures beneath them. Amity Noida's 75 Lakh is a university-wide claim across all its faculties; Amity Business School's own report gives a management highest of 15.00 LPA. IIT Delhi's 1 Crore appears in no IIT Delhi document. Jamia Millia Islamia's listed average of 1,08,000 is roughly a fifteenth of its own NIRF median of 16.00 LPA and looks like a fee entered in a salary column. Fostiima's listed average of 11,50,000 is identical to its own fee, and Fostiima publishes no salary figures at all.
Top Ranked MBA Colleges in Delhi NCR by NIRF 2025
DMS IIT Delhi has secured fourth position nationally in NIRF Management Ranking 2025, followed by MDI Gurgaon at ninth and IIFT Delhi at 17th. The table compares the rankings of leading Delhi NCR management colleges from 2023 to 2025.
| College Name | NIRF 2025 | NIRF 2024 | NIRF 2023 |
|---|---|---|---|
| DMS IIT Delhi | 4 | 4 | 5 |
| MDI Gurgaon | 9 | 11 | 13 |
| IIFT Delhi | 17 | 15 | 27 |
| IIM Rohtak | 19 | 12 | 12 |
| Jamia Millia Islamia | 28 | 25 | 25 |
| Amity University, Noida | 49 | 29 | 28 |
| GLIM Gurgaon | 50 | 52 | 62 |
| GGSIPU | 76 | 65 | 66 |
| BML Munjal University | 77 | 83 | 72 |
| Jamia Hamdard | 87 | 78 | 96 |
| IILM University, Gurgaon | Not ranked | 101-125 band | Not ranked |
Note: MDI Gurgaon has improved from rank 13 in 2023 to ninth in 2025, while Great Lakes Gurgaon has moved from 62nd to 50th. Amity University Noida has witnessed a major decline, dropping from 28th to 49th during the same period.
Top Ranked MBA Colleges in Delhi NCR by IIRF 2026
The IIRF Ranking 2026 evaluates government and private business schools separately. FMS Delhi has secured fourth position on the government B-school list, while MDI Gurgaon is among the top three private institutes.
| College Name | IIRF 2026 | IIRF 2025 | IIRF 2024 | List |
|---|---|---|---|---|
| FMS Delhi | 4 of 10 | 2 of 121 | 2 of 45 | Government |
| MDI Gurgaon | 3 of 13 | 3 of 235 | 2 of 161 | Private |
| IIFT Delhi | 9 of 10 | 11 of 121 | 7 of 45 | Government |
| IIM Rohtak | Not published | 14 of 121 | 16 of 45 | Government |
| DMS IIT Delhi | Not published | 16 of 121 | 13 of 45 | Government |
| Amity University, Noida | Not published | 24 of 235 | 27 of 161 | Private |
| DFBE University of Delhi | Not published | 31 of 121 | Not ranked | Government |
| Jamia Millia Islamia | Not published | 34 of 121 | 40 of 45 | Government |
| BML Munjal University | Not published | 37 of 235 | 35 of 161 | Private |
| GGSIPU | Not published | 38 of 121 | Not ranked | Government |
| Delhi Technological University | Not published | 41 of 121 | Not ranked | Government |
| SOILIM Gurgaon | Not published | 57 of 235 | 44 of 161 | Private |
| Jamia Hamdard | Not published | 61 of 235 | Not ranked | Private |
| IILM Institute for Higher Education, New Delhi | Not published | 63 of 235 | Not ranked | Private |
| Bennett University | Not published | 65 of 235 | 49 of 161 | Private |
| FIIB New Delhi | Not published | 75 of 235 | 78 of 161 | Private |
Note: FMS Delhi has moved from second position in the 2025 government category to fourth in the published 2026 top-ten list. Several other colleges do not have a published 2026 position because the agency's extended rankings are not yet available in the article's source data.
Top Ranked MBA Colleges in Delhi NCR by Outlook 2027
MDI Gurgaon has retained second position in the Outlook-ICARE private B-school ranking for the 2027 edition. IIFT Delhi has improved to seventh position on the public institution list, compared with eighth in the previous edition.
| College Name | Outlook 2027 | Outlook 2026 | Outlook 2025 | List |
|---|---|---|---|---|
| MDI Gurgaon | 2 of 200 | 2 of 200 | 2 of 200 | Private |
| IIFT Delhi | 7 of 25 | 8 of 25 | Not ranked | Public |
| GGSIPU | 10 of 25 | 11 of 25 | 16 of 25 | Public |
| FMS Delhi | 11 of 25 | 12 of 25 | 12 of 25 | Public |
| Amity University, Noida | 17 of 200 | 28 of 200 | 28 of 200 | Private |
| FIIB New Delhi | 114 of 200 | 114 of 200 | 114 of 200 | Private |
| Fostiima Business School | Not ranked | 149 of 200 | 167 of 200 | Private |
Note: Amity University Noida has improved from 28th to 17th position, while GGSIPU has moved from 16th in the 2025 edition to tenth in 2027. MDI Gurgaon has maintained second position across three consecutive editions.
Top Ranked MBA Colleges in Delhi NCR by Business Today 2026
MDI Gurgaon and IIFT Delhi are the two Delhi NCR institutes among the national top ten in Business Today MBA Ranking 2026. The ranking covers 277 business schools and compares their positions with the 2024 and 2025 editions.
| College Name | Business Today 2026 | Business Today 2025 | Business Today 2024 |
|---|---|---|---|
| MDI Gurgaon | 7 | 7 | 6 |
| IIFT Delhi | 9 | 8 | 7 |
| DMS IIT Delhi | Not ranked | 16 | 14 |
| Masters' Union, Gurgaon | 39 | Not ranked | Not ranked |
| Amity University, Noida | 46 | 51 | 48 |
| SOILIM Gurgaon | 54 | 58 | 56 |
| FIIB New Delhi | 67 | 80 | 81 |
| GGSIPU | Not ranked | 77 | 78 |
| DFBE University of Delhi | Not ranked | 47 | Not ranked |
| DC University of Delhi | Not ranked | Not ranked | 45 |
Top Ranked MBA Colleges in Delhi NCR: Colleges Ranked Outside the Top 25
Several Delhi NCR business schools outside the Collegedunia top 25 have secured strong positions in national rankings. IMT Ghaziabad and IMI New Delhi rank 30th and 40th, respectively, in NIRF Management Ranking 2025.
| College Name | NIRF 2025 Management | Total Course Fees | Batch | Median Package | Average Package | Highest Package |
|---|---|---|---|---|---|---|
| IMT Ghaziabad | 30 | Not published | 2024-26 | 16.50 LPA | 17.64 LPA | 35.00 LPA |
| IMI New Delhi | 40 | 24.03 Lakh | 2023-25 | 16.60 LPA | 17.91 LPA | 40.31 LPA |
| FORE School of Management | 59 | 23.24 Lakh | 2024-26 | 16.20 LPA | 16.52 LPA | 26.45 LPA |
| BIMTECH Greater Noida | 61 | 19.41 Lakh | 2024-26 | Not published | Not published | 22.00 LPA |
| LBSIM New Delhi | 101-125 band | 16.50 Lakh | 2024-26 | Not published | 12.32 LPA | 24.00 LPA |
| SRCC | Not ranked in Management | Not published | Graduating 2026 | 12.00 LPA | 12.64 LPA | 24.00 LPA |
| Altera Institute, Gurgaon | No NIRF record | 16.92 Lakh | Class of 2026 | 16.80 LPA | 16.70 LPA | 32.50 LPA |
| IIM Lucknow, Noida Campus | Not ranked (campus) | 15.50 Lakh | Not applicable | Not published | Not published | Not published |
Top Ranked MBA Colleges in Delhi NCR: FAQs
Ques. Which is the best MBA college in Delhi NCR?
Ans. It depends on which ranking you use, and the two main agencies disagree. DMS IIT Delhi is 4th in India in NIRF Management 2025, the best NIRF rank in the region. FMS Delhi tops Collegedunia's own score at 895 and is 2nd on IIRF's government list, but holds no NIRF rank because it does not participate. MDI Gurgaon is the most consistent across agencies: 9th in NIRF, 3rd in IIRF private, 2nd in Outlook private and 7th in Business Today.
Ques. Which MBA colleges in Delhi NCR are ranked by NIRF?
Ans. Eleven of the twenty-three on this page. DMS IIT Delhi at 4, MDI Gurgaon at 9, IIFT Delhi at 17, IIM Rohtak at 19, Jamia Millia Islamia at 28, Amity Noida at 49, Great Lakes Gurgaon at 50, GGSIPU at 76, BML Munjal at 77 and Jamia Hamdard at 87 in NIRF Management 2025, with IILM University Gurgaon in the 101-125 band in 2024. No University of Delhi entity is ranked in Management at all, and Delhi Technological University files no Management submission.
Ques. Which MBA college in Delhi NCR has the best return on investment?
Ans. The Department of Commerce at the University of Delhi, at 4036.84%. It charges 34,532 for the full two-year MBA and reports an average of 13.94 LPA, so the programme returns more than forty times its cost in a single year. FMS Delhi follows at 1241.15% on a fee of roughly 2.60 Lakh. Both figures rest on state-funded fees that sit far below private alternatives.
Ques. What is the highest package at an MBA college in Delhi NCR?
Ans. IIFT Delhi reports 1.23 Crore, which is its highest international offer for the 2023-25 batch; its highest domestic offer was 72.00 LPA. FMS Delhi reports 1.10 Crore for its 2024-26 batch, labelled as CTC without a domestic or international split. MDI Gurgaon follows at 97.50 LPA. DMS IIT Delhi publishes no highest package because IIT Delhi does not disclose high-value packages as a matter of policy.
Ques. What is the fee for an MBA in Delhi NCR?
Ans. The range runs from 34,532 at the DC University of Delhi to 28.98 Lakh at Masters' Union. The state-funded institutions sit at the bottom: FMS Delhi at roughly 2.60 Lakh, Delhi Technological University at 5.00 Lakh and DMS IIT Delhi at 9.60 Lakh. The private business schools sit at the top, with MDI Gurgaon at 26.55 Lakh and Great Lakes Gurgaon at 19.82 Lakh.
Ques. Is FMS Delhi better than the IIMs for return on investment?
Ans. On the arithmetic, yes, and by a wide margin. FMS charges approximately 2.60 Lakh and reports an average of 32.27 LPA, which is a higher average than any IIM in this region and a fee a fraction of theirs. IIM Rohtak, the nearest IIM on this page, charges 17.90 Lakh in tuition against a median of 19.27 LPA. The caveat is that FMS does not participate in NIRF, so it carries no NIRF rank for comparison.
Ques. How many MBA colleges in Delhi NCR publish their placement figures?
Ans. Sixteen of the twenty-three. Seven publish nothing for their management programme at all: the Department of Finance and Business Economics, IIM Sambalpur's Delhi campus, Delhi Technological University, IILM New Delhi, Fostiima, Bennett University and Jamia Hamdard. Several of those do publish institution-wide figures, but those cover engineering, pharmacy or law alongside the MBA and are not management outcomes.
Ques. Which University of Delhi colleges offer an MBA?
Ans. Three entities, not the four that commonly appear in listings. FMS Delhi runs the flagship MBA. The Department of Commerce runs MBAs in International Business, Human Resource Development and Business Analytics. The Department of Finance and Business Economics, formed in 2019 by merging the Department of Business Economics and the Department of Financial Studies, runs MBAs in Business Economics and Finance. Delhi School of Economics awards no MBA; its departments are Economics, Geography and Sociology.
Ques. Is Masters' Union a recognised MBA?
Ans. Not as an AICTE-approved MBA or PGDM. Masters' Union nowhere states what its PG Programme in Technology and Business Management awards, and makes no AICTE, UGC or AIU claim on its own website. The only regulatory status it asserts is that it is an NSDC-approved training partner, which is a skills body rather than a degree regulator. The programme runs 16 months, it holds no NIRF record, and its first agency ranking is Business Today 2026 at 39.
Ques. Which ranking editions are the latest for MBA colleges?
Ans. NIRF 2025 is the latest published Management ranking, since the 2026 window closed without a ranking being released. IIRF's latest is 2026, though only its top ten government and top ten private lists are live so far. Outlook's current edition is labelled 2027 and was published in October 2026, because Outlook labels each edition a year ahead. Business Today's latest is its 2026 edition, also published in October 2026.
Ques. Why do NIRF and IIRF disagree about Delhi NCR colleges?
Ans. Because participation differs and the agencies measure different things. FMS Delhi is 2nd on IIRF's government list but absent from NIRF, because it does not submit data. Delhi Technological University is 41st on IIRF but files no NIRF Management submission at all. The two also rank different entities at IIT Delhi: NIRF ranks the parent institute, IIRF ranks the Department of Management Studies, which is why one shows 4 and the other 16.
Ques. Which Delhi NCR colleges rank well but are not in the top 25 listing?
Ans. Eight, and several outrank colleges that are. IMT Ghaziabad is 30th in NIRF Management and IMI New Delhi 40th, both ahead of most of the main table. FORE School of Management is 59th and BIMTECH 61st, with LBSIM in the 101-125 band. SRCC, Altera Institute and IIM Lucknow's Noida campus complete the group, though SRCC's programme is a postgraduate diploma rather than an MBA degree.
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