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We are not going to bore you with the details of what an MBA can do to your career graph because quite frankly, we know you know. And since MBA degrees are not losing their charm anytime soon, we made you a list of the best MBA colleges in India that have an incredible academic reputation around the world. In this blog, we will compare five best MBA colleges in India on several parameters like ranking, faculty-to-student ratio, course fee, placements, and more. Let’s go!

IN THIS BLOG:

1.  #1 Best MBA Colleges in India: IIM Ahmedabad
2.  #2 Best MBA Colleges in India: IIM Bangalore
3.  #3 Best MBA Colleges in India: IIM Calcutta
4.  #4 Best MBA Colleges in India: ISB Hyderabad
5.  #5 Best MBA Colleges in India: IIM Indore

5 Best MBA Colleges in India: A Comparison

You can’t study for management entrance tests without daydreaming about the best MBA colleges in India first. In this section, we will cover the best MBA colleges in India that also dominate the QS Global MBA Rankings for the year 2022. Given below is an elaborate discussion of what exactly to expect from these top b-schools so, shall we?

#1 Best MBA Colleges in India: IIM Ahmedabad

Test Scores Accepted: GMAT, CAT

We would be surprised if you didn’t already expect the Indian Institute of Management, Ahmedabad on the list of best MBA colleges in India. IIM A is ranked first in India and 46th on the QS Global MBA Rankings 2022. The HRD ministry reported the average faculty-to-student ratio as 1:5 that is, there is one teacher for every five students at IIM Ahmedabad which is pretty impressive, to say the least, and also fair considering the fees you pay.

While we are on the subject, how much does it really cost to study in IIM Ahmedabad? Well, the two-year Post-graduate Programme in Management (PGP) at IIM Ahmedabad (IIMA) costs INR 23,00,000 for the current 2021-2023 batch. This amount is inclusive of the tuition fee of INR 16,99,000. Also note that this amount does not cover your personal expenses like boarding, travel, clothes, laundry, etc.

Another popular IIM A program is PGPX. The Financial Times has also ranked the one-year Post Graduate Programme in Management for Executives (PGPX) among the top MBA programs globally. And its fees? Well, the program fee for the 2022-23 PGPX Batch is INR 30 lakhs and if you opt-in for a comfy room all to yourself on campus you are charged with an additional amount of 2 lakhs.

Its TIME… So let us skip to the good part! If you study from one of the best MBA colleges in India it’s kind of a given that you will swipe an impressive salary and in this case, the average CTC is a flattering 26.13 Lakhs annually!

QS Global MBA Rankings

#2 Best MBA Colleges in India: IIM Bangalore

Test Scores Accepted: GMAT, CAT

Next up on the list of Best MBA colleges in India is the Indian Institute of Management, Bangalore. IIM B ranks 50th on the QS Global MBA Rankings 2022. The HRD ministry claims the average faculty-to-student ratio in IIM B is 1:4 that is, there is one teacher for every four students studying on the campus. The fees for the two-year Post-graduate Programme in Management (PGP) for the batch 2021-23 (Domestic) is INR 23, 00,000.

Let us talk now talk about the good stuff! What is your future going to look like after graduating from one of the best MBA colleges in India? Well, a sweeping number of IIM B graduates go for Consulting, IT/ Product Management, Finance, and e-commerce (in exactly this order). With an average salary of 28.98 Lakhs, students get placed in big-shot companies like – KPMG, RPG Group, Navi Technologies, American Express, OLA, TCS, and more (also in the same order).

Faculty-to-Student Ratio

#3 Best MBA Colleges in India: IIM Calcutta

Test Scores Accepted: GMAT, CAT

Third on the list of Best MBA colleges in India is the Indian Institute of Management Calcutta. IIM C is ranked first in India and 76th on the QS Global MBA Rankings 2022. The average faculty-to-student ratio is 1:10 that is, there is one teacher for every ten students at IIM Calcutta. MBA Program fee at IIM Calcutta for the academic year 2022-23 will be INR 27, 00,000.

Course Fee

Wanna hear the best part? IIM Calcutta offers one of the highest salaries among all the best MBA colleges in India with the average CTC at a whopping 29 Lakhs annually and the highest offers are from the Consulting domain offering at 40%, followed by Sales & Marketing (18%), General Management & Operations (16%), Finance (14%) and Product Management & IT Analytics (12%).

GMAT is easier than CAT! Check out how much you score on GMAT

#4 Best MBA Colleges in India: ISB Hyderabad

Test Scores Accepted: GMAT

This should hardly be a surprise but the Indian School of Business Hyderabad is straight-up one of the most coveted of the best MBA colleges in India and is ranked at 92nd on the QS Global MBA Rankings 2022. ISB has an average faculty-to-student ratio of 1:5 which implies, that there is one teacher for every five students at ISB’s Hyderabad campus.

Without a doubt, ISB is also one of the most expensive among all the best MBA colleges in India with a total program fee of INR 39, 63,000 inclusive of the tuition of INR 36.63 lakhs but wait till you hear this! The average package offered to the PGP batch during ISB Hyderabad placements 2022 was a whopping INR 34.07 LPA which also happens to be more than most of the best MBA colleges in India.

Average Salary

#5 Best MBA Colleges in India: IIM Indore

Test Scores Accepted: GMAT, CAT

Fifth on the list of best MBA colleges in India is the Indian Institute of Management, Indore. IIM Indore ranks between 151-100 on the QS Global MBA Rankings 2022. The Economic Times reports the average faculty-to-student ratio as 1:15 that is, there is one teacher for every fifteen students at IIM Indore. The course fees for the two-year Post-graduate Programme in Management (PGP) is INR 15, 00,000.

Let us now jump to the good stuff! What is your future going to look like after graduating from one of the best MBA colleges in India? Well, a whopping majority of IIM Indore graduates go for Consulting, Finance, and Sales and Marketing (in exactly this order). With an average salary of 23.6 Lakhs, students get placed in big-shot companies like – Deloitte, PWC, McKinsey & Company, Ernest and Young, etc.

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