Are you aspiring to pursue a successful career in management, and seeking the best management colleges in India? Look no further! In a nation brimming with academic hubs, excellence is paramount. So, fasten your seatbelts as we take you on a tour of the finest establishments dedicated to shaping the business leaders of tomorrow.
Management colleges in India are renowned for their commitment to quality education, world-class faculty, and exceptional placement opportunities. From the bustling streets of Mumbai to the serene campuses of Chennai, and the vibrant heart of the nation, Delhi, we’ll traverse the nation to present you with a handpicked selection of these esteemed institutions. Each one possesses its unique charm, expertise, and legacy, and we’ll delve into the details shortly.
In this comprehensive blog, we will cover everything you need to know about the top Management colleges in India. We’ll explore their captivating Overview and Background, offering a glimpse into their rich academic heritage and history. Get ready to discover the impressive array of Courses Offered, the jewel in the crown of these institutions.
Not to forget, we’ll shine a light on their well-deserved Ranking and Recognition, showcasing the accolades that set them apart from the rest. But there’s more – we understand your eagerness to learn about Placements and Industry Tie-Ups. We’ll dive into these critical aspects as well, providing you with invaluable insights.
Moreover, we’ll unravel the mysteries of the Admission Process and Fees, essential for your educational planning. And of course, we’ll guide you through the critical Exams and Cities where these stellar institutions are located, helping you chart your course effectively.
So, let’s dive in deeper to explore everything about the best management colleges in India…
Topics covered
List of top management colleges in India
Here’s a table having a list of top management colleges in India along with the city and location:
About the top 10 Management colleges in India
In this section, we will be exploring the information about the top 10 Management colleges in India based on NIRF Ranking 2023.
Indian Institute of Management Ahmedabad (IIMA)
Established in 1961, the Indian Institute of Management Ahmedabad (IIMA) is renowned as one of the foremost business schools in India. Located in Gujarat, IIMA boasts a rich legacy of academic excellence, leadership development, and research contributions. It offers a rigorous curriculum, world-class faculty, and state-of-the-art facilities. With a strong focus on entrepreneurship and innovation, IIMA prepares students for leadership roles in various sectors. Its collaborative approach to learning, global exposure, and robust network of alumni make IIMA an ideal choice for those seeking top-tier management education in India.
| Particulars | Highlights |
| Courses Offered | MBA, MBA – FABM; MBA – PGPX; ePGP; ePGD-ABA; Ph.D |
| Duration | 2 years and 5 years for Ph.D |
| Ranking & Recognition | Ranked 1st NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Bain & Company; TCS; Goldman Sachs; Boston Consulting Group; Bank of America, and several others. |
| Average Package | As per the placement report 2022 – the average package offered was Rs. 24,73,766 |
| Fees | The total cost for the program is different for different categories and courses. |
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Indian Institute of Management Bangalore (IIMB)
The Indian Institute of Management Bangalore (IIMB) stands as a prominent institution in the landscape of management education in India. Founded in 1973, IIMB is known for its dynamic programs, accomplished faculty, and commitment to fostering entrepreneurial and leadership skills. Located in Karnataka, it offers a diverse range of courses to equip students for the challenges of the business world. With a focus on research, innovation, and international collaborations, IIMB provides a holistic education experience that prepares students for successful careers in management and leadership roles, both in India and globally.
| Particulars | Highlights |
| Courses Offered | Doctor of Philosophy (PhD); Master of Business Administration (MBA; Master of Business Administration (Business Analytics); MBA (EPGP); MBA (PGPEM) |
| Duration | Doctor of Philosophy (Ph.D.), Five-year full-time program; Master of Business Administration (MBA), Two-year full-time program (PGP); Master of Business Administration (Business Analytics), (MBA(BA)), Two-year full-time program (PGP-BA); Master of Business Administration (MBA), One-year full-time residential program for Experienced Professionals (EPGP); Master of Business Administration (MBA), Two-year program for Working Professionals (PGPEM) |
| Ranking & Recognition | Ranked 2nd NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Accenture Capability Network; Amazon; McKinsey & Company; Bain & Company; Tata Consultancy Services; Boston Consulting Group; Kearney – Digital Transformation; EY India; Accenture India Market Unit; Strategy& India; PwC India Management Consulting; GEP Worldwide; Samsung; Tata Administrative Services; among others. |
| Average Package | The average salary for 2022 at Rs. 33.8 LPA |
| Fees | Fees for 2 years Rs. 24,50,000 |
Indian Institute of Management Kozhikode
It is one of the best management colleges in India and has earned a reputation for academic excellence and innovation. Located in the southern state of Kerala, IIM Kozhikode offers a dynamic learning environment, cutting-edge courses, and world-class faculty. Its commitment to nurturing future business leaders is evident through a rigorous curriculum, emphasis on experiential learning, and a thriving campus culture. With a focus on entrepreneurship and sustainability, IIM Kozhikode equips students with the skills and knowledge needed to excel in the dynamic world of business.
| Particulars | Highlights |
| Courses Offered | Doctoral Programme in Management (PhD); Post Graduate Programme (PGP); Post Graduate Programme in Finance (PGP-Finance); Post Graduate Programme in Liberal Studies & Management (PGP-LSM); Post Graduate Programme in Business Leadership (PGP-BL); PhD in Management (Practice Track); Master of Business Administration – Kochi Campus; Executive Post Graduate Programme – Interactive Learning Mode (EPGP); Management Development Programme-(MDP); Faculty Development Programme (FDP) |
| Duration | Varies from course to course |
| Ranking & Recognition | Ranked 3rd NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Accenture; Adobe; Amazon; CISCO; Deloitte; Oracle; RBS; Samsung; P&G; HSBC; CISCO; and others. |
| Average Package | The average salary for 2022 at Rs. 29.5 LPA |
| Fees | The total cost for the program is different for different categories and courses. Like Rs. 22,50,000/- for PGP-BL |
Indian Institute of Management Calcutta
The college is renowned as one of the best management colleges in India and stands as a beacon of excellence in the field of management education. Established in 1961, IIM Calcutta has a rich legacy of producing visionary leaders. Its comprehensive programs, esteemed faculty, and global partnerships ensure students receive a holistic education. The institute’s emphasis on research, innovation, and a diverse student community fosters a unique learning experience. IIM Calcutta’s commitment to nurturing analytical and ethical business leaders has helped it maintain its stature as a top management institution in the country.
| Particulars | Highlights |
| Courses Offered | MBA; MBAEx; PGPEX-VLM; PGDBA |
| Duration | Varies from course to course. Somewhere around 2 years |
| Ranking & Recognition | Ranked 4th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Goldman Sachs, Dr. Reddy’s Lab, Schneider Electric, Boston Consulting Group, Accenture, ICICI Bank, Viacom and ZS Associates. |
| Average Package | Average salary reaching Rs. 29.71 LPA |
| Fees | The total cost for the program is different for different categories and courses. |
Indian Institute of Technology Delhi (IIT Delhi)
IIT Delhi is a prestigious institution renowned for its exceptional management programs. With a rich history dating back to 1961, IIT Delhi consistently ranks among the top management colleges in India. Its commitment to academic excellence, world-class faculty, and state-of-the-art facilities make it a preferred choice for aspiring management professionals. The college offers a wide range of management courses and fosters a culture of innovation and entrepreneurship. IIT Delhi’s emphasis on research and industry collaboration ensures that students receive a holistic education, preparing them for leadership roles in the dynamic business landscape.
| Particulars | Highlights |
| Courses Offered | MBA; MBA Telecom; Executive MBA; MBA – Foreign Students; Ph.D. |
| Duration | Varies from course to course. |
| Ranking & Recognition | Ranked 5th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | American Express, Bajaj Auto, Boston Consulting Group, Enphase Solar Energy, Intel, and Praxis Global Alliance; among others. |
| Average Package | NA |
| Fees | The total cost for the program is different for different categories and courses. |
Indian Institute of Management Lucknow (IIM Lucknow)
It is one of India’s leading management institutions, recognized for its excellence in the field of management education. Established in 1984, IIM Lucknow has consistently held a prominent position among the best management colleges in the country. The institute is known for its rigorous academic curriculum, distinguished faculty, and world-class infrastructure. With a commitment to producing business leaders of tomorrow, IIM Lucknow offers a variety of management programs, fostering holistic development and providing students with the skills and knowledge necessary to excel in the corporate world. The institute’s strong industry connections and innovative teaching methods enhance the learning experience.
| Particulars | Highlights |
| Courses Offered | M.B.A.; PGP Sustainable Management; M.B.A. Agribusiness Management; M.B.A. for Working Executive; International Programme in Management for Executives; Fellow Programme in Management; Executive Fellow Programme in Management |
| Duration | Varies from course to course. 2 years. |
| Ranking & Recognition | Ranked 6th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Goldman Sachs, Dr. Reddy’s Lab, Schneider Electric, Boston Consulting Group, Accenture, ICICI Bank, Viacom and ZS Associates. |
| Average Package | Average CTC of Rs. 31.03 LPA |
| Fees | The total cost for the program is different for different categories and courses. |
National Institute of Industrial Engineering, Mumbai
One of the prestigious institutions known for its excellence in management education. Established in 1963, it consistently ranks among the top management colleges in India. NITIE’s rigorous academic programs, expert faculty, and industry connections ensure that students are well-prepared to excel in the corporate world. The campus is equipped with state-of-the-art facilities and a vibrant student community. With a focus on industrial engineering and operations management, NITIE produces graduates who are highly sought after by leading companies.
| Particulars | Highlights |
| Courses Offered | MBA; MBA (Sustainability Management); PGDEX-VLFM |
| Duration | 2 years |
| Ranking & Recognition | Ranked 7th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Accenture S & C, Accenture Tech Consulting, Kearney, BCN, Bristlecone, Deloitte India, Deloitte USI, EY, EY GDS, Infosys Consulting, KPMG, McKinsey & CO, MSCI, Optum Advisory, PwC India, PwC US Advisory, etc. |
| Average Package | Average CTC of Rs. 31 LPA |
| Fees | The total cost for the program is different for different categories and courses. |
Indian Institute of Management Indore (IIM Indore)
It is a renowned B-school recognized for its commitment to academic excellence and innovation. Established in 1996, it has swiftly emerged as one of the top management colleges in India. IIM Indore offers a comprehensive range of management programs and boasts a world-class faculty with a strong research orientation. The scenic campus, located in Madhya Pradesh, provides a conducive environment for holistic learning and personal growth. IIM Indore’s alumni have made a mark in various industries and continue contributing significantly to the business world.
| Particulars | Highlights |
| Courses Offered | Post Graduate Programme in Management (PGP); Executive Post Graduate Programme in Management (EPGP); Five Year Integrated Programme in Management (IPM); Post Graduate Programme in Human Resource Management (PGP-HRM); Doctoral Programme in Management (DPM); Executive Doctoral Programme in Management (EDPM); Executive Doctoral Programme in Management and Governance (EDPMG); Post Graduate Programme in Management for Working Executives (PGPMX) in Mumbai |
| Duration | Varies from course to course. |
| Ranking & Recognition | Ranked 8th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Aarti Industries, Adani Group, African Industries Group, Alkem Laboratories, AM/NS, Ambit Capital, Bira 91, BlackRock, CavinKare, CITI Bank, DCM Shriram, Delhivery, DISYS, Dolcera, Edelweiss Alternative Asset Advisors. |
| Average Package | Average CTC of Rs. 30.21 LPA |
| Fees | Varies from course to course. For the PGP Course, it’s Rs. 10,00,000 pa |
XLRI-Xavier School of Management
Undoubtedly one of the best management colleges in India. Located in Jamshedpur, it has consistently held a prominent position in the country’s educational landscape. Known for its rigorous academic programs and a commitment to developing ethical and responsible leaders, XLRI has earned a stellar reputation. With a strong emphasis on entrepreneurship, leadership, and innovation, it equips students with the skills required to excel in the corporate world.
| Particulars | Highlights |
| Courses Offered | PGDM (BM); PGDM (GM); PGDBM – ONLINE; PGDF – ONLINE; PGDHRM – ONLINE; PGDM (HRM); PGDM (HRM) – ONLINE; FPM; EXECUTIVE FPM |
| Duration | Varies from course to course. |
| Ranking & Recognition | Ranked 9th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | Accenture Strategy, Amazon, Bain & Company, BCG, PayTM, PwC, Aditya Birla Group, American Express, Asian Paints, Hindustan Unilever, P&G, TAS, Coca-Cola, Microsoft, and others |
| Average Package | The average salary was INR 32.7 lakhs per annum |
| Fees | Varies from course to course. |
Indian Institute of Technology Bombay (IIT Bombay)
Also ranks among the best management colleges in India. Renowned for its technical expertise, IIT Bombay offers a unique blend of engineering and management education. Its comprehensive programs and research opportunities make it a preferred choice for aspiring managers and entrepreneurs. With a dynamic campus culture and access to a vast alumni network, students benefit from a holistic learning experience at IIT Bombay. It’s a top destination for those seeking an education that bridges the gap between technology and management.
| Particulars | Highlights |
| Courses Offered | MBA, PGDM, Executive MBA, and Executive PGDM |
| Duration | 2 years |
| Ranking & Recognition | Ranked 10th NIRF 2023 (Management) |
| Placements and Industry Tie-Ups | NA |
| Average Package | NA |
| Fees | Varies from course to course. |
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Eligibility Requirements at Top Management Colleges in India
When aspiring to secure admission to India’s prestigious management colleges, it is imperative to meet specific eligibility criteria and follow a structured application process. Here we will explore the admission requirements for pursuing an MBA in India from the best Management colleges in India:
Entrance Exam Scores:
- To be considered for admission, applicants must register and appear for renowned MBA entrance exams like CAT, XAT, NMAT, IIFT, or SNAP.
- Admission processes typically commence after these exam results are released in January.
Academic Background:
- Candidates must possess a bachelor’s degree in any discipline from a recognized university.
- Some colleges may specify minimum percentage criteria, typically around 50% to 60% in their eligibility requirements.
Work Experience:
- Work experience can play a vital role, especially in top MBA programs. Many institutions prefer candidates with some prior professional experience.
- The amount of work experience required varies from college to college.
Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI):
- Once shortlisted based on entrance exam scores and academic qualifications, candidates will have to excel in WAT, GD, and PI rounds.
- These evaluations assess a candidate’s communication skills, knowledge, and personality traits.
College Selection:
- Before beginning the application process, candidates should carefully shortlist colleges based on factors like recognition, specialization, fees, infrastructure, faculty, and placement records.
Meeting Specific College Requirements:
- Each top management college may have unique eligibility criteria, such as minimum sectional scores in the entrance exam or specific prerequisites for certain specializations.
Meeting these eligibility requirements is the initial step towards securing admission to India’s top management colleges, where the competition is fierce and the opportunities abundant. Aspiring candidates must prepare meticulously and choose their path wisely to stand out in this competitive arena.
Final Words!
India boasts a rich landscape of top-notch management colleges, each with its unique strengths and offerings. From the prestigious Indian Institutes of Management (IIMs) to renowned institutions like XLRI and NITIE, the country provides a diverse array of choices for aspiring business leaders. These institutions, with their rigorous academic programs, esteemed faculty, and strong industry ties, prepare students to excel in the dynamic world of management.
The emphasis on research, innovation, and entrepreneurship equips graduates with the skills needed for leadership roles. With stringent admission criteria, including entrance exam scores, academic background, and work experience, these colleges ensure that only the best and brightest join their ranks. Aspiring candidates should carefully select the institution that aligns with their goals and aspirations to embark on a successful management career in India.
iDreamCareer provides a detailed list of the best colleges for those who are passionate about having a bright career. The information includes admission procedures, course offerings, fees, and other relevant details. Aspiring students can use this page to make an informed decision about their future. Don’t hesitate any longer! Check out iDreamCareer’s College Selection Program and take the first step toward your dream career.
Management Colleges in India: FAQs
Some of the top management colleges in India include the Indian Institute of Management Ahmedabad, the Indian Institute of Management Bangalore, the Indian Institute of Management Kozhikode, and others. These institutions are renowned for their academic excellence and commitment to shaping future business leaders.
While work experience is not always mandatory, many top management colleges prefer candidates with prior professional experience. The amount of work experience required can vary from one college to another.
Eligibility criteria typically include a bachelor’s degree from a recognized university, minimum percentage requirements, and the successful completion of entrance exams. Candidates are also evaluated through written ability tests, group discussions, and personal interviews.
To choose the right management college, consider factors like recognition, specialization, fees, infrastructure, faculty, and placement records. Carefully research and shortlist colleges that align with your career aspirations.
Yes, some of these colleges offer online or executive MBA programs tailored to meet the needs of working professionals. For example, XLRI-Xavier School of Management offers PGDBM and PGDF programs online.
These colleges have collaborations with numerous leading companies and organizations. For instance, IIM Calcutta collaborates with Goldman Sachs, Boston Consulting Group, and others, while IIT Bombay is known for its technical expertise and management education.
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Anushree has 5 years of experience in the career counseling industry as a Senior Content Writer. She has also worked as a Social Media Marketing Expert for a startup and Content Quality Analyst for the Publishing and E-learning Industry. She has done her Master’s in Commerce and PGDM in Finance & Trade and Marketing & HR, but she is currently following her passion for writing.
