LIST OF TOP MBA/PGDM COLLEGES IN KOLKATA BASED ON 2020 RANKING

Pratyasha Pratyasha
Content Curator

The top MBA colleges in Kolkata offer students really affordable MBA education and are also ranked by many ranking agencies among the top MBA colleges in India. These colleges charge fees ranging from INR 30,000 per year to as high as INR 8,00,000. IIM Calcutta charges INR 27,00,000 for 1 year of MBA education.

Private MBA Colleges in KolkataGovernment MBA Colleges in Kolkata
  • There are 86 colleges in Kolkata, out of which 71 are private and 15 are public. The colleges offer different MBA specializations from Marketing and Finance to Taxation and Urban Planning.
  • There are 85 MBA regular colleges in Kolkata and 3 colleges offer distance education. These colleges have all the necessary approvals from authorties like AICTE, UGC, NAAC, etc. Check the list of AICTE Approved MBA Colleges in Kolkata.
  • Admissions in these colleges are done through top MBA exams like CAT, MAT, JEMAT, CMAT, XAT, etc. There are very few MBA colleges in Kolkata offering direct admission.

See the Top MBA Colleges in Kolkata Through CAT

Top MBA Colleges in Kolkata: Rankings

There are many ranking agencies that rank institutes across the country based on various parameters. The methodology followed differs from agency to agency but some of the common parameters include teacher-student ratio, placements, faculty quality and many more.

The Economic Times, The Week, QS rankings, NIRF are some of the privileged ranking agencies. These ranking agencies rank different institutes in different categories. Some of such categories include Top engineering colleges in Telangana, Top Architecture Colleges in India, etc. Listed below are some of the top MBA colleges in Kolkata rank wise as given by some of the top ranking agencies in India.

Also Check,

Top MBA Colleges in IndiaTop MBA Colleges in West Bengal

Top MBA Colleges in Kolkata: NIRF Ranking

NIRF is an agency to rank institutes of higher education in India, run by the Ministry of Human Resources Development of India. The agency ranks different institutes depending on their areas of operation. There are separate rankings for universities and colleges, management institutions, engineering institutions, pharmacy institutions. NIRF rankings are based on several parameters. These parameters have been grouped together into five clusters with certain weightage assigned to each one of them.

NIRF Ranking Parameters and Weightage

The following table shows the NIRF rankings for two of the top MBA colleges in Kolkata.

College NameNIRF All India Rank 2019NIRF All India Rank 2018ChangeAverage Annual Fee
IIM Calcutta330INR 22,60,000
IMI Kolkata4560+15INR 12,41,000

NIRF has ranked IIM Calcutta as the best MBA college in Kolkata. The institute ranks 3rd in the 2019 ranking similar to that ranked in 2018.

  • IMI was ranked 45th in the 2019 Ranking, an improvement of 15 compared to that of 2018.
  • Many top MBA colleges did not participate in the survey and many of those who did could not make it to the top 100 list in the NIRF rankings.

See more details of IMI Kolkata Admission

Top MBA Colleges in Kolkata: The Week Ranking

The Week Rankings are based on several parameters which include age and infrastructure, faculty and teaching, entry standards, placements, alumni. The ranking is based on a composite score that is prepared by taking into consideration all the above-mentioned parameters. 

The following table mentions the rankings for three of the top management colleges in Kolkata.

College NameThe Week All India Rank 2018The Week All India Ranking 2017ChangeAverage Annual Fee
IISWBM Kolkata6362-1INR 6,00,000
BIBS Kolkata122Not Participated-INR 4,64,000
IIEM Kolkata138Not Participated-INR 6,40,000

The Week has listed IISWBM as the best MBA college in Kolkata. IISWBM was ranked 63rd in the 2018 ranking, dropping by 1 as compared to the 2017 Ranking.

  • Top institutes like IIM Calcutta did not participate in the survey preventing its name from being published anywhere. However, some colleges like BIBS and IEM did not participate in the survey in 2017 but were included in 2018.
  • About 175 academic experts, 460 aspiring students, 410 current students, and 75 recruiters from 23 cities in India participated in the survey. They nominated the best B-schools in the country based on the perpetual score and the factual score.

Top MBA Colleges in Kolkata: Outlook Ranking

The Outlook magazine has a different set of parameters to rank the MBA colleges across the country. These include faculty-student ratio, research productivity, and quality, faculty with Ph.D., faculty experience, gender diversity, regional diversity, median salary, and employability. The colleges being ranked are categorized under different categories namely public and private. 

The following table mentions the ranking of two of the top MBA colleges in Kolkata.

College NameOutlook All India rank 2020Outlook All India Rank 2018ChangeAverage Annual Fee
IIM Calcutta32-1INR 22,60,000
IMI Kolkata23NP-INR 12,41,000
CBS Kolkata101NP-INR 6,85,000
  • Outlook has ranked IMI as the best private MBA college in Kolkata for the year 2020.
  • IMI has been ranked 23 while Calcutta business school holds 101st position.
  • IIM Calcutta ranks 3 in the Outlook 2020 ranking for top public MBA colleges in Kolkata. showing a drop by 1 as compared to its rank in 2018. International Management Institute (IMI) and Calcutta Business School (CBS) could not make it to the top 100 MBA colleges list in 2018.

Top MBA Colleges in Kolkata: ROI (Return On Investment)

Kolkata has an ample number of MBA colleges which include both government and private colleges. MBA being an expensive course can cost a huge sum of money. Therefore, it becomes important to know the ROI, as it solves the dilemma of whether investing in a particular institute is worth it or not. 

One can refer to the chart given below to have an estimated idea of the fee structure of different MBA colleges in Kolkata.

The following table shows the ROI of the top MBA colleges in Kolkata.

College NameAverage Annual FeeAverage Placement PackageROI Rank*
IES KolkataINR 5,00,000INR 5,32,0001
CBS KolkataINR 4,30,000INR 10,40,0002
IMI KolkataINR 6,90,000INR 12,25,0003

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

  • Calcutta Business School comes out as the best private MBA college in Kolkata in terms of ROI among the above-mentioned colleges. 
  • International Management Institute (IMI) also offers a good ROI to students with an average placement package of INR 10,40,000 versus the average annual fees of INR 4,30,000.

Top MBA Colleges in Kolkata: Cutoff

Most of the colleges in Kolkata give admission through CAT and MAT. Some institutes accept other exams and also give direct admissions. Listed below are some top MBA colleges in Kolkata with their cutoff.

College NameCutoff
IIM CalcuttaCAT Cutoff
IISWBM KolkataCAT and MAT Cutoff
University of CalcuttaCAT Cutoff

Top MBA Colleges in Kolkata: Admission Process

There are a total of 86 MBA colleges in Kolkata out of which 71 are private MBA colleges and 15 are public. These colleges offer both degree and diploma courses to students, and their courses have also been ranked by many agencies. Have a look at the chart below to understand the ratio of these private and public colleges.

top mba colleges in kolkata

Source: Official Survey

These colleges rely on various top entrance exams for MBA to shortlist students for admission. These exams include CAT, XAT, IIFT, GMAT, MAT, CMAT among others. The top MBA colleges in Kolkata accepting students with 85+ CAT percentile are IIM Calcutta, IMI Kolkata, MDI Murshidabad. IIFT Kolkata accepts only IIFT MBA (IB) entrance exam score for admission.

Among all the mentioned entrance exams CAT stands out, as it not only leads to admission in top MBA colleges but also forms the first step of entering into the prestigious IIMs including IIM Calcutta. Some of the top MBA entrance exams are tabulated below:

Entrance testDescription
CATAn online selection test conducted every year by IIMs. It is conducted annually.
MATA national-level exam conducted by the all India management association (AIMA). It is conducted four times in a year.
XATAn online national level management entrance exam conducted by XLRI Jamshedpur.

The following graph lists some of the top MBA colleges in Kolkata with their average annual fees.

Average Fees of Top MBA Colleges in Kolkata

Source: Official Institute Websites

Indian Institute of Management (IIM), Calcutta

Indian Institute of Management Calcutta is the first national institute for postgraduate studies in management established in November 1961.

  • It has been ranked 3rd by NIRF among the top 100 MBA colleges in India in 2019.
  • The college is known for its high placement rates and for providing students with exceptionally high salary packages. Top recruiters of IIM Calcutta include ACC Limited, Aditya Birla Group, Air India, Amazon, American Express, Bank of Baroda, Bloomberg, CapGemini, Dell, Nestle India, Tata Motors, Wipro Limited, Yes Bank, Oracle and many more.
  • To get admission in IIM Calcutta, students need to clear the CAT entrance exam. The cutoff is usually high. Check detailed CAT Cutoff.
  • The average annual fee for MBA programs is around 25 lakhs. The median salary package in 2016 and 2017 was INR 18 LPA and INR 20 LPA respectively.

The following table shows the placement data of IIM Calcutta for different years.

Academic yearNo. of students graduatingNo. of students placedMedian salary
2014-15435435INR 17,75,000
2015-16442442INR 18,00,000
2016-17484484INR 20,00,000

International Management Institute (IMI), Kolkata

International Management Institute is India's first corporate-sponsored B school. It was established in 1981 with its campus in New Delhi. In 2010 it came up with two more campuses situated in Kolkata and Bhubaneswar.

  • It has been ranked 45th by NIRF among the top 100 MBA colleges in India, 2019.

  • It offers a PGDM program that has been put equivalent to the MBA degree by the Association of Indian Universities (AIU).

  • IMI witnessed 100% placement for the 2019 batch. The average salary package offered was INR 6.9 LPA while the highest being INR 20 LPA. Top recruiters of IMI include Nivea, HDFC bank, Black turtle, Reliance retail, Audiogram, Reliance industries, Reserve Bank of India, Federal Bank and many others.

  • Exams accepted for admission in IMI Kolkata are CAT or GMAT/XAT.

The following table shows the placement statistics of IMI, Kolkata for the year 2019.

Particulars

Statistics

No. of students who participated

114

No. of offers made

116

No. of companies

47

Average package

6.90 LPA

Highest package

20 LPA

Indian Institute of Foreign Trade (IIFT), Kolkata

Indian Institute of Foreign Trade (IIFT) was set up in 1963 to cater to the requirements of aspiring business professionals.

  • It conducts its own entrance exam to shortlist students for the MBA program.

  • The college is known for its good placement records. For 2019 The average salary package offered was 20.07 lakhs while the highest salary package offered overall crossed 1 crore.

  • Top recruiters of IIFT include Airtel, Bajaj auto, Lenskart, Raymond, Amazon, Tata Motors, Marico, Cap Gemini, Wipro, Mahindra, Microsoft, and many others.

The following table shows the placement statistics of IIFT, Kolkata for the year 2019.

Particulars

Statistics

Total number of students placed

279

No. of companies

98

Average overall package

20.07 LPA

Average domestic package

18.89 LPA

Top MBA colleges in Kolkata: Entrance exam wise

The students who prefer to pursue their careers in the top MBA colleges in Kolkata can apply through the national level entrance exams. These include CAT, XAT, MAT, CMAT and many others.

Top MBA colleges in Kolkata: Through CAT

CAT is an online selection test conducted every year by IIMs. Qualifying it leads to admission to IIMs as well as in some of the top MBA colleges in India. It is conducted annually. Some of the top management schools accepting CAT score in Kolkata are mentioned below:

  • Indian Institute of Management (IIM), Calcutta

  • International Management Institute (IMI), Kolkata

  • Management Development Institute (MDI), Murshidabad

  • Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata

Top MBA colleges in Kolkata: Through XAT

XAT is an online national-level management entrance exam conducted by XLRI, Jamshedpur for providing admission to MBA/PGDM programs in some of the top management colleges across the country. Apart from XLRI over 700 B-schools accept XAT scores for providing admission to their post-graduate management programs. Some of the top management schools accepting XAT score in Kolkata are mentioned below:

  • International Management Institute (IMI), Kolkata

  • Xavier Business School (XBS), Kolkata

  • Calcutta Business School (CBS), Kolkata

  • Globsyn Business School, Kolkata

Top MBA colleges in Kolkata: Through MAT

Management aptitude test is a national level exam conducted by the all India management association (AIMA) for admission to MBA/PGDM courses across the country. It is conducted four times a year. More than 1000 B-schools accept MAT scores for shortlisting candidates to provide admission to their post-graduate management programs. Some of the top management schools accepting MAT score in Kolkata are mentioned below :

  • Globsyn Business School, Kolkata

  • Calcutta Business School (CBS), Kolkata

  • Institute of Engineering and Management (IEM), Kolkata

  • Praxis Business School, Kolkata

Top MBA colleges in Kolkata: Placement wise

Kolkata constitutes of many top MBA colleges which have a good reputation regarding their placement records. Top institutes like the Indian Institute of Management Calcutta (IIMc), Indian Institute of Foreign Trade (IIFT), International Management Institute (IMI) contribute towards this.

  • IIM Calcutta ranks as the best MBA college in Kolkata according to the placement package.

  • Some other colleges like IIFT, IMI, and CBS also provide good placements with comparatively less investment costs.

The specialization one chooses for MBA matters a lot when it comes to placements. Check the following links to know more about the colleges: 

Top MBA colleges in Kolkata: FAQs

Ques. How to get admission into top MBA colleges in Kolkata?

Ans. All the top MBA colleges in Kolkata take admissions through the common entrance tests. They widely accept scores of CAT, XAT, MAT.

Ques. Can the residents of other states apply to the colleges in Kolkata?

Ans. Yes, residents of any state can apply to the colleges in Kolkata.

Ques. Which MBA college in Kolkata offers the best placement packages?

Ans. Indian Institute of Management Calcutta offers the best placement packages.

Ques. How much does it cost to do an MBA?

Ans. The cost of pursuing an MBA degree can range anywhere between INR 3 lakhs to 25 lakhs.

Ques. What is the cut off mark for CAT?

Ans. Different colleges release their own set of cutoffs. There is no specific cut off as such. However scoring 85+ percentile puts you at a much safer side.

Ques. Which MBA specialization offers the highest salary package?

Ans. MBA Business Analytics and MBA Marketing are two of the most rewarding MBA specializations.

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