LIST OF TOP MANAGEMENT COLLEGES IN INDIA BASED ON 2020 RANKING

By Pranjal Singhal
Content Curator

The top management colleges in India offer various programs like BBA, BBM, Executive MBA, MMS, MHA and even MPhil and PhD degrees. Some of the best ranked management colleges in the county are IIM Ahmedabad, FMS Delhi, NMIMS Mumbai, Shaheed Sukhdev College of Business Studies, New Delhi and XLRI Jamshedpur among plethora of other names. These colleges are ranked by both government and private ranking agencies like NIRF, Outlook, The Week, etc.

Get more specific. Check the best management colleges in India after 12th according to your course with the following links.

Top MBA Colleges in IndiaTop BBA Colleges in India
Top MMS Colleges in IndiaTop Executive MBA Colleges in India
  • There are a total of 6231 colleges in India comprising 5142 private and 1080 government colleges. Education imparted in these colleges is at par with other best MBA colleges in world.
  • A typical BBA course from the best management colleges in India for under graduation can cost around INR 30,000-1,50,000 in government colleges, while the fees can be around INR 4-5 lakh in top private colleges.
  • For other courses like MBA, Executive MBA and MMS, the fees is generally INR 8-10 lakh per annum in the best B schools of India.
  • Admissions in these colleges are done through both merit and entrance exams for undergraduation courses like BBA and BBM. The top BBA entrance exams include AIMA UGAT and IPU CET.
  • Placement prospects after completing BBA and other undergrad management courses range from Finacial Advisors to Executives in the government sectors. Check the complete list of BBA Jobs and Career Opportunities.
  • In the case of MBA, job opportunities are unlimited and the average starting package for graduates of this course ranges from INR 6-10 lakh per annum.
  • Not just in full-time mode, management courses in India are also offered in part-time and distance education mode by many top colleges.
BBA Entrance ExamMBA Entrance Exam
AIMA UGAT 2020 Latest UpdatesCAT 2020 Latest Updates
IPU CET 2020 Latest UpdatesMAT 2020 Latest Updates

In this article, you will get all the information about top management colleges in India for BBA, Executive MBA, etc. with their fees, cutoffs, entrance exams, admission process, ROI, placements and a lot more.

Contents

1. Ranking
        1.1 NIRF Ranking
        1.2 Dalal Street Ranking
        1.3 Jagran Josh Ranking
2. ROI (Return on Investment)
3. Cutoff
        3.1 BBA Cutoff
        3.2 MBA Cutoff
        3.3 MMS Cutoff
4. Admission Process
        4.1 IIM Bangalore
        4.2 MDI Gurgaon
        4.3 XLRI Jamshedpur
5. Region Wise Management Colleges in India
        5.1 Top Management Colleges in Maharashtra
        5.2 Top Management Colleges in Delhi NCR
6. Entrance Exam Wise Management Colleges in India
        6.1 Management Colleges Accepting AIMA UGAT
        6.2 Management Colleges Accepting IPU CET
        6.3 Management Colleges Accepting CAT
        6.4 Management Colleges Accepting MAT
7. Placements in Management Colleges in India
        7.1 Top Management Colleges in India for Finance
        7.2 Top Management Colleges in India for Marketing
8. FAQs

Top Management Colleges in India: Ranking

Various ranking agencies in India release the lists of ranking of top management colleges in India every year for both under grad and post grad courses. Some of such agencies are NIRF, Economic Times, Outlook and Dalal Street. These agencies consider various parameters to rank the top colleges in India, some of which are Perception of the College, Placement Outcome, Faculty-Student Ratio, Exam Pattern, Outreach and Inclusivity, and Graduation Outcome.

Agencies release multiple lists dividing colleges according to different categories like private and government and also for different zones in India. Some of these lists of ranking of BBA and MBA colleges in India by NIRF, Dalal Street and Jagran Josh are given below.

Looking for an exuberant management education in Delhi NCR? Check the top MBA colleges in Delhi NCR and top BBA colleges in Delhi NCR.

Top Management Colleges in India: NIRF Ranking

NIRF (National Institutional Ranking Framework), agency run by MHRD, Government of India, releases a list of top management colleges in India every year around the months of May and June. The table below compares the rankings released by NIRF, MHRD in 2019 and 2018 along with fees of B schools in India.

College NameNIRF Ranking 2019NIRF Ranking 2018ChangeAverage Annual Fee
IIM Bangalore12+1INR 10,70,000
IIM Ahmedabad21-1INR 11,50,000
IIM Calcutta330INR 27,00,000
IIM Lucknow440INR 7,13,000
IIM Indore511+6INR 8,00,000
IIT Kharagpur67+1INR 3,14,000
XLRI Jamshedpur710+3INR 4,26,000
IIM Kozhikode86-2INR 8,75,000
IIT Delhi98-1INR 5,05,000
IIT Bombay105-5INR 4,24,000
IIT Roorkee119-2INR 4,20,500
MDI Gurgaon12120INR 9,43,000
IIM Udaipur13130INR 2,03,000
IIM Trichy1415+1INR 2,95,000
IIT Madras15-NAINR 3,50,000
SP Jain Mumbai1619+3INR 9,30,000
NIT Trichy17-NAINR 1,41,000
Great Lakes Chennai1816-2INR 14,55,000
IIM Raipur1921+2INR 7,00,000
Symbiosis Pune2018-2INR 5,90,000
NMIMS Mumbai2024+4INR 9,25,000

IIM Bangalore has been ranked as the best mangement college in India by NIRF for its courses. The institute ranked at the 2nd position in India in 2018.

  • The list has seen some new entrants this year like IIT Madras and NIT Trcihy. NIT Trichy has been ranked at the 17th position in India.
  • IIMs in the top 10 management colleges in India include IIM Ahmedabad, IIM Calcutta, IIM Lucknow, IIM Indore, and IIM Kozhikode.
  • The maximum improvement in the rank this year for the top 10 colleges has been shown by IIM Indore while IIT Bombay has seen a big drop.
  • Private institutes like SPJIMR Mumbai and XLRI Jamshedpur have also shown good improvements.

The following chart shows the NIRF Ranking Parameters and the weightage they have.

NIRF Ranking parameters weightage

Source: nirfindia.org

Top Management Colleges in India: Dalal Street Ranking

The following table gives the ranking of top management colleges in India by Dalal Street.

College NameDalal Street Ranking 2019Dalal Street Ranking 2018ChangeAverage Annual Fee
XLRI Jamshedpur110INR 4,26,000
MDI Gurgaon23+1INR 9,43,000
SP Jain Mumbai32-1INR 9,30,000
IIT Delhi46+2INR 5,05,000
FMS Delhi53-2INR 10,500
IIFT Delhi68+2INR 7,85,000
IIT Bombay712+5INR 4,24,000
NMIMS Mumbai84-4INR 9,25,000
SIBM Pune990INR 5,90,000
NITIE Mumbai107-3INR 3,50,000

Dalal Street ranks XLRI Jamshedpur as the best management college in India. XLRI (Xavier Labour Relations Institute), also known as Xavier School of Management, offers mulltiple management courses to students. Check the complete list of courses here.

  • Other top management colleges in India ranked by Dalal Street include MDI Gurgaon, SPJIMR Mumbai and FMS Delhi among others.
  • Among the technical institutes, IIT Delhi and IIT Bombay have shown good improvements in the previous year. IIT Delhi has improved its position by 2 positions while IIT Bombay has improved by 5.
  • FMS Delhi and NMIMS Mumbai are the 2 institutes which have seen a drop in ranking this year.

The following graph shows the division of these institutes by zones:

top management colleges in India zone wise

Source: dsij.in

Top Management Colleges in India: Jagran Josh Ranking

Jagran Josh has released its ranking for the top management colleges in India in 2019. The following table gives the details.

College NameJagran Josh Ranking 2019Jagran Josh Ranking 2018ChangeAverage Annual Fee
IIM Ahmedabad110INR 11,50,000
IIM Bangalore220INR 10,70,000
IIM Calcutta330INR 27,00,000
IIM Lucknow46+2INR 7,13,000
IIM Indore550INR 8,00,000
XLRI Jamshedpur67+1INR 4,26,000
FMS Delhi717+10INR 10,500
IIM Kozhikode880INR 8,75,000
IIT Bombay935+26INR 4,24,000
SPJIMR Mumbai1013+3INR 9,30,000

The top 3 IIMs, IIM A, B, and C have maintained their top ranks this year too in the ranking list released by Jagran Josh agency.

  • Apart from these, there are also 3 new entries among the top 10 colleges including FMS Delhi, IIT Bombay and SP Jain Mumbai.
  • IIM Lucknow has improved its ranking by 2 positions this year. Now it ranks at 5.
  • FMS Delhi has shown tremendous improvement of 10 ranks from 17 to 7.
  • Beating FMS Delhi’s change, IIT Bombay has improved its rank by a whopping 26 positions.

The agency’s surveys are conducted by industry leaders and are based on the following eligibility criteria.

  • The institute should offer a 2-year full-time management course.
  • A government body should have recognized the institute.
  • A minimum of 3 batches must have passed out from the institute.

Also Check,  Ranking of MBA Colleges in India by Economic Times

Top Private Management Colleges in India with Best ROI (Return on Investment)

ROI or Return on Investment shows how fruitful it is to pursue a management course from a particular institute. It matters more in the case of a career oriented course like MBA as compared to BBA. Therefore, the following table lists the top private MBA colleges in India ROI wise.

College NameAverage Annual FeeAverage Placement PackageROI Rank*
XLRI JamshedpurINR 4,26,000INR 22,35,0001
SIBM PuneINR 5,90,000INR 17,48,0002
SPJIMR MumbaiINR 9,30,000INR 22,90,0003
MDI GurgaonINR 9,43,000INR 20,13,0004
Lovely Professional University [LPU]INR 2,90,000INR 6,00,0005
IMT GhaziabadINR 10,35,000INR 12,50,0006
SIBM BangaloreINR 8,20,000INR 9,79,0007
ISB HyderabadINR 34,63,000INR 25,06,0008
Great Lakes ChennaiINR 16,00,000INR 11,00,0009

*ROI={(Average Placement Package)/(Average Annual Fee)}*100%

Based on the basic calculation of money invested and the returns received, ROI compares the average annual fee of a college and the average placement package received by students.

  • FMS Delhi is the best management institute in India when it comes to ROI.
  • XLRI Jamshedpur ranks 1 in the above table. This top private management college in India has managed to maintain this reputation for years.
  • Symbiosis Pune ranks better than Symbiosis Bangalore in terms of return on investment (ROI).
FMS Delhi Admission 2020XLRI Jamshedpur Admission 2020Symbiosis Pune Admission 2020

Top Management Colleges in India: Cutoff

Colleges release cutoff lists of top management exams to admit students in their programs, while some also give admission on the basis of merit list. Mostly BBA admissions are done directly through merit on the basis of class 12 scores.

  • These cutoff lists also have provisions of reservation for the caste category students and sometimes also include State Quotas.
  • Many times, colleges release lists in multiple rounds in an attempt to fill all the seats for that course.

We have made some lists below of the cutoff score lists released by top colleges in India.

BBA Colleges in India Cutoff

As mentioned before, BBA admissions are mainly done through merit lists but some colleges conduct exam. Listed below are 2 such colleges which release cutoff lists for BBA entrance exams in India.

College NameCutoff
Shaheed Sukhdev College of Business Studies (SSCBS), New DelhiDU JAT Cutoff
New Delhi Institute of Management (NDIM), New DelhiIPU CET Cutoff

MBA Colleges in India Cutoff

MBA admissions are done through various exams like CAT, MAT, XAT, CMAT, NMAT, etc. The top MBA colleges in India often release separate lists for these exams, some of which are the given below.

College NameCutoff
IIM AhmedabadCAT Cutoff
IIM BangaloreCAT Cutoff
IIM LucknowCAT Cutoff
XLRI JamshedpurXAT Cutoff
NMIMS MumbaiNMAT Cutoff
Symbiosis PuneSNAP and CAT Cutoff
MDI GurgaonCAT Cutoff
FMS DelhiCAT Cutoff
SP Jain MumbaiCAT and XAT Cutoff

MMS Colleges in India Cutoff

Very few people know about Master in Management Studies (MMS), a good alternative to the quite usual MBA course. The MMS course is offered by many top management colleges in India, some of which also offer MBA. Listed below are the cutoffs of top MMS colleges in India.

College NameCutoff
JBIMS MumbaiCAT, MAHCET and CMAT Cutoff
SIMSREE MumbaiMAHCET, MAT and CMAT Cutoff
SIESCOMS MumbaiCMAT, MAT, MAHCET, and ATMA Cutoff
IISc BangaloreCAT Cutoff
Bharati Vidyapeeth, Navi MumbaiATMA and MAHCET Cutoff
XIMR MumbaiMAHCET Cutoff

Top Management Colleges in India: Admission Process

There are 6231 top management colleges in India providing quality education to students. These include 5142 private and 1080 public-funded management colleges. The following bar shows their ratio.

public and private management colleges in India

Source: Official Survey

Admissions to these colleges in India are done through top management entrance exams.

  • For the bachelor’s degree, IPU CET, BUMAT, and JSAT are some of the popular exams. These exams admit students in courses like BBA and BBM.
  • For the master degree courses like MBA, the top management entrance exams include CAT, XAT and CMAT.
  • Admissions are done mainly in 3 steps, Written Test, Group Discussion, Personal Interview.

IIM Bangalore

One of the 3 topmost IIMs A, B, and C, IIM Bangalore is the best college according to the latest rankings in the list of top management colleges in India.

  • NIRF ranks IIM Bangalore as the No. 1 management college in India while Jagran Josh ranks it 2nd.
  • QS Global Universities ranking has also ranked IIM Bangalore as the best college in India.
  • The institute has been offering MBA degrees to students since 2018 after the passage of the IIMs Act 2017 by the HRD Ministry.

The 2-year management course at IIM Bangalore offers students a minimum of 94.5 credits. The institute has one of the most diverse batches in the country.

  • GMAT score for admissions this year went up to 770.
  • The institute also has a good gender ratio, compared to other institutes, with 37% girls and 63% boys.
  • Out of the 441 students in the batch 2019-21, 366 (82.99%) are from engineering background.

The following chart shows the batch division industry-wise, excluding the engineering students.

IIM Bangalore student batch breakup

Source: IIM Bangalore Official Website

The institute received 488 offers for its 411 students in the final placements 2017-19.

  • 129 companies visited IIM Bangalore campus this year.
  • 15 students got international offers. 1 student opted to stay out of placements.
  • The average package this year was INR 24.54 lakh and the median package was INR 23 lakh.

Read everything about IIM Bangalore Placement 2020

The following graph shows offer from various companies.

IIM Bangalore Placements 2019

Source: IIM Bangalore Official Website

MDI Gurgaon

MDI Gurgaon is one of the most popular MBA colleges in Delhi NCR.

  • The institute has approval of NBA (National Board of Accreditation) for all of its management programs until June 30, 2020. This will be further renewed in the coming future.
  • MDI Gurgaon is also accredited by AMDISA, a SAARC approved accreditation body.
  • Dalal Street has ranked MDI Gurgaon 2nd among the top management colleges in India 2019.
  • The PGPM program of MDI Gurgaon is divided into 6 terms with duration of 3 months each.

The batch 2017-19 of MDI Gurgaon had 342 students as compared to the 299 in the batch 2018-20.

  • A whopping 80% of these students came from an engineering background. Just 10% of the students were from commerce sector.
  • Also, 36% of the students did their bachelors from tier-1 colleges like IITs and NITs.
  • The average age of MDI Gurgaon 2017-19 batch is 24 years while the gender diversity stood at 32% of females and 68% males in the different MDI Gurgaon Courses.
  • The average CAT percentile of these students is 98.6

The average work experience is 21 months. The following graph gives more insights into this.

MDI Gurgaon MBA Batch Work Experience

Source: MDI Gurgaon Official Website

MDI Gurgaon Batch 2017-19 saw 106 companies visiting this year for MBA placements, with 36 new recruiters.

  • There was a 5% rise in the average package offered as compared to the previous year.
  • The average package this year was INR 20.13 lakh while the median package stood at INR 19.82 lakh.
  • The highest domestic package this year went to INR 40.79 lakh.

Given below is a sector-wise division of the recruiters this year.

MDI Gurgaon MBA Recruiters

Source: MDI Gurgaon Official Website

XLRI Jamshedpur

XLRI Jamshedpur is one of the top management colleges in India located in the eastern state of Jharkhand.

  • The institute has been ranked 7th in India by NIRF.
  • Dalal Street has ranked XLRI Jamshedpur as the best management college in India.
  • The institute was established in 1949 and offers multiple management programs at both bachelors and masters level.
  • XLRI Jamshedpur is accredited by AACSB, an accreditation earned by less than 5% of the world’s business schools.

XLRI Jamshedpur also offers executive management education to the students. XLRI Jamshedpur placements stats are given below.

No. of Recruiters104
Offers358
Average PackageINR 22.35 lakh
Highest PackageINR 50 lakh

There are various scholarships offered by the institute to students. Read what students have to say about XLRI Jamshedpur Scholarships.

Top Management Colleges in India: Region Wise

There is a long list of top management colleges in India.

  • Maharashtra emerges as the biggest player with 837 colleges.
  • Other popular destinations for pursuing management education in India include Tamil Nadu, Uttar Pradesh, and Delhi NCR.

Top Management Colleges in Maharashtra

Maharashtra boasts some of the top management colleges in India.

  • There are a total of 101 public and 703 private management colleges in Maharashtra.
  • In the AICTE approved institutes, the boys’ enrolment is around 24,200 while the girls’ enrolment is around 16,700.
  • Colleges in Maharashtra accept scores of many management entrance exams like CAT, AIMA UGAT, NMAT, etc.

Some of the top management colleges in Maharashtra are:

  • SP Jain Institute of Management and Research [SPJIMR], Mumbai
  • National Institute of Industrial Engineering [NITIE], Mumbai
  • Symbiosis Institute of Business Management [SIBM], Pune
  • Bharati Vidyapeeth Institute of Management Studies and Research [BVIMSR], Navi Mumbai
  • Institute of Management Technology [IMT], Nagpur

Top Management Colleges in Delhi NCR

The national capital hosts some of the premier institutes in India.

  • There are 83 public and 571 private management colleges in the national region.
  • 418 top management colleges in Delhi are AICTE approved while 123 are UGC approved.
  • Most of the colleges accept scores of entrance exams like CAT, XAT, IPU CET, UPSEE, etc.

Some of the top management colleges in Delhi NCR are:

  • Faculty of Management Studies [FMS], Delhi
  • Management Development Institute [MDI], Gurgaon
  • Institute of Management Technology [IMT], Ghaziabad
  • Indian Institute of Management [IIM], Rohtak

Also Check,

Top Management Colleges in Tamil NaduTop Management Colleges in Uttar Pradesh
Top Management Colleges in BangaloreTop Management Colleges in Gujarat

Top Management Colleges in India: Entrance Exam Wise

Management colleges in India accept different exams for different courses. For BBA, top exams include AIMA UGAT and IPU CET, where as, for MBA, top exams include, CAT. MAT, and CMAT. Categorized below are some of these best colleges according to entrance exam score they accept.

Top Management Colleges in India Accepting AIMA UGAT

AIMA UGAT is conducted by AIMA (All India Management Association) for admission in BBA courses of top colleges in India. Some of the best colleges accepting AIMA UGAT are:

  • ICFAI Business School, Hyderabad
  • KIIT School of Management, Bhubaneswar
  • Institute of Management Study (IMS), Kolkata
  • Shobhit University, Meerut

Top Management Colleges in India Accepting IPU CET

IPU CET is conducted by GGSIPU for BBA admissions in colleges affiliated to the university. It is a 2.5 hour long exam and the fees is INR 1200 for candidates. Some of the top management colleges in India accepting IPU CET are:

  • New Delhi Institute of Management (NDIM), New Delhi
  • Delhi School of Professional Studies and Research (DSPSR), New Delhi
  • Bhagwan Parshuram Institute of Technology (BPIT), New Delhi

Top Management Colleges in India Accepting CAT

CAT is the most popular MBA entrance exam and is considered by almost every top MBA college in India. Some of the best b schools in India asking for CAT are:

  • Indian Institutes of Management (IIMs)
  • Indian Institutes of Technology (IITs) and National Institutes of Technology (NITs)
  • Faculty of Management Studies (FMS Delhi)
  • SP Jain Mumbai

Top Management Colleges in India Accepting MAT

MAT or Management Admission Test is also conducted by AIMA for MBA admissions in the top management colleges in India. Some of the top MBA colleges in India accepting MAT scores are:

  • Christ University, Bangalore
  • BIT Mesra, Ranchi
  • IIM Rohtak
  • IIT Madras

Read More

Top Management Colleges in India Accepting UPSEETop Management Colleges in India Accepting IBSAT
Top Management Colleges in India Accepting NMATTop Management Colleges in India Accepting GMAT

Top Management Colleges in India: Placement Wise

Management colleges in India offer students some of the best placement opportunities.

  • An average management college in India receives around 200 offers.
  • Top Management colleges in India like IIM Bangalore and NMIMS Mumbai receive more than 400 offers.
  • The average MBA salary in India is INR 6-9 lakh.
  • The average BBA salary in India is INR 3-5 lakh.

CTCs offered in top management colleges in India

Source: Official Institute Websites

Top Management recruiters include:

GoogleCRISILCISCO
Barclays CapitalBisleriGartner
Boston Consulting Group (BCG)AmazonBYJU’s
Morgan StanleyBain & CompanyTCS
National Stock ExchangeAccenture StrategyInfosys

Placements also depend on the stream you choose. Check top management colleges in India streamwise.

Top Management Colleges in India for Finance

India’s finance industry is growing at a rate faster than ever.

  • The finance sector in India is growing at an 8.5% rate.
  • The sectors of banking, mutual funds and wealth management show an overall growth of 15%.

Given below are some of the top management colleges in India for Finance:

  • IIM Bangalore
  • Alliance University, Bangalore
  • Faculty of Management Study [FMS], Delhi
  • SPJIMR Mumbai

The average salary for finance in India is INR 7-9 lakh after post-graduation.

Top Management Colleges in India for Marketing

Many management courses emphasize most on the aspects of marketing.

  • The advertising and marketing sector in India is expected to cross the $10 billion mark by the end of 2019.
  • Online marketing is also growing at a twofold-threefold rate.
  • The digital marketing sector is expected to grow at a compound annual growth rate (CAGR) of 33.5% until 2020.

Some of the top management colleges in India for Marketing are:

  • Indian Institute of Management [IIM], Ahmedabad
  • Narsee Monjee Institute of Management Studies, Mumbai
  • ICFAI Business School, Mumbai
  • Indian School of Business [ISB], Hyderabad

The average salary for marketing in India is INR 6-8 lakh after post-graduation.

Top Management Colleges in India: FAQs

Ques. Which MBA College is best in India?

Ans. IIM Ahmedabad, IIM Bangalore and IIM Calcutta are the most premier management colleges in India. Apart from these, some of the best private management institutes are XLRI Jamshedpur and NMIMS Mumbai.

Ques. How many MBA colleges are there in India?

Ans. There are 4400+ MBA colleges in India.

Ques. Is IIT MBA good?

Ans. Many popular IITs like IIT Delhi and IIT Bombay offer MBA courses through their centers for management education. These institutes offer good education at par with the top management colleges in India.

Ques. Is SIBM Pune good for MBA?

Ans. Yes. Symbiosis Institute of Business Management [SIBM] Pune is a good management college. The institute offers good MBA education and the average package goes up to INR 17.48 lakh.

Ques. Is FMS Delhi better than IIM?

Ans. FMS Delhi is a good management institute and offers the best ROI (return on investment) among all the MBA colleges in India. However, the tag of IIM is always superior to other private institutes. The other benefits and favours which an IIM graduate receive are matchless.

Ques. How much percentile is required for FMS Delhi?

Ans. To get admission in FMS Delhi, students need to have a 98+ precentile.

Ques. Is MBA losing its value?

Ans. Due to an enormous number of students pursuing the course every year, MBA’s value has deviated a bit, but still, it is one of the most sought after courses by the recruiters in the corporate world.

Ques. How can I get a scholarship for an MBA?

Ans. Many organizations and institutes offer scholarships for MBA programs. The 2 best ways to get an MBA scholarship are:

  • A good score in the entrance test.

  • Extensive research work in a particular field.

Ques. Which IIT is best for MBA?

Ans. SJMSOM-IIT Bombay offers a very good MBA course for the students. The institute has been ranked No. 4 in the world by QS World Rankings. The average CTC offered here remains above INR 20 lakh.

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