List of Top MBA Colleges with Average Package; Admission Process, Fees, Eligibility
MBA has gained popularity owing to the average MBA packages offered by several tier-1 and tier-2 b-schools. Check here for a list of MBA colleges with average packages, admission process, fees, and eligibility.
List of MBA Colleges with Average Package
List of Top MBA Colleges with Average Package: Over the years, Masters of Business Administration (MBA) degree has established its significance, making it a popular choice among graduates pursuing a professional degree. However, with more than 5,000 MBA colleges in India, aspirants have to go through difficulties finding the right b-school. One of the primary factors while deciding which MBA college to choose includes salary package offered in the past.
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There is a 90% more chance of getting best college recommendations by sharing preferences.A desirable campus placement from a tier-1 MBA college usually promises a bright future. Successfully passing entrance exams such as CAT, SNAP, or XAT is the foundational challenge. Strong academic performance, excellent communication skills, and a compelling application are also essential. Moreover, tuition fees at these top MBA colleges can range from INR 10-20 lakhs per year, making careful financial planning and consideration of financial aid important steps in the process.
Q: What are the benefits of appearing in CMAT?
There are several benefits of appearing in the CMAT exam. It is easier than other exams and accepted by many B-schools. Check below some of the key benefits of CMAT.
- CMAT is conducted at the end of MBA entrance exam season, so MBA aspirants don't have to study much as the previous experience of exams like CAT, XAT, SNAP comes in use.
- CMAT score is accepted by about 1,300 MBA colleges in India which includes top colleges in Tier 1 and Tier 2 cities.
- CMAT exam is a moderate difficulty level exam so it is easier to score high in CMAT than CAT, XAT, IIFT, GMAT.
- CMAT cut offs for admission to top colleges are not exceptionally high, so you can get a good MBA college with a decent CMAT score.
- There's no 50 per cent aggregate criteria for CMAT application. Candidates with passing marks in graduation can also appear for the exam.
- CMAT application fee for women and reserved category candidates is only INR 1,000 which is quite less as compared to CAT, XAT, IIFT, SNAP fees.
Q: How many attempts are allowed in SNAP exam?
Every candidate can make three attempts in SNAP exam. The SNAP exam is conducted in three sessions in a gap of one or two weeks. Candidates can mention their number of attempts in the SNAP application form. However, they will have to pay application fee per session. Thus, candidates who are sure of making multiple attempts only then they should apply for multiple sessions as the fee amount is non-refundable. The scores of best attempt will be taken into consideration for shortlisting of candidates for Group Exercise, Personal Interview and Writing Ability Test.
Ideally candidates must take all three attempts as the difficulty level of the sessions could be different and it may so happen that one session is easy and candidates can score high in that.
Q: When can I apply for CMAT?
The next CMAT exam will be held on January 25, 2025. The NTA has started registration process for the same most on November 14, 2024. Those interested in appearing for the exam are required to register for it at CMAT-NTA website and fill the online application form before December 13, 2024. The score of CMAT will be valid for one year only, so if you appear for CMAT 2025, you must take admission in the same academic year.
Apart from 1300 B-schools, the CMAT score is also valid for admission through MAH CET CAP. The Maharashtra State CET Cell conducts MBA/MMS admissions for 300 colleges in the state. It is followed by a common counselling process called CAP. CMAT test takers can also participate in MAH MBA CET CAP and secure a seat in MBA/MMS course offered by over 300 colleges in Maharashtra.
Salary figures from some of the top b-schools in India will widen the eyes. Graduates from these top MBA colleges in India can command salaries averaging more than INR 30 LPA.
Evaluating the best MBA colleges with average placement based on the admission process, fees, and eligibility can be tiresome. However, the rewards are worth every ounce of effort. An MBA from a top college opens doors to prestigious companies, leadership roles, and a network that will catapult your career. This article is your compass, guiding you through the top contenders, their average packages, and the secrets to unlocking your dream career. Let's dive into the top 50 NIRF-ranked colleges and unveil the average salary packages they offer.
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IIMs with Average Package
Across India, 21 prestigious Indian Institutes of Management (IIMs) stand tall, illuminating its academic excellence and career-launching power. These institutes providing holistic business education have developed the reputation of churning out graduates who fetch some of the highest average salary packages in the country.
One seeking an MBA propelling towards financial success and professional stardom can look nothing beyond an IIM. The table below reveals all IIMs with average placement packages to help candidates choose their ideal springboard to a lucrative future.
Q: Can I appear for the NMAT exam thrice or just once?
| Institute |
NIRF Ranking 2024 |
Average Placement Package |
|---|---|---|
| 17 | INR 18.69 LPA |
|
| 2 | INR 35.92 LPA |
|
| 5 | INR 35.07 LPA* |
|
| 1 | INR 34.45 LPA* |
|
| 6 | INR 30 LPA |
|
| 3 | INR 28.05 LPA |
|
| 8 | INR 25.68 LPA |
|
| 7 | INR 33.84 LPA (top 50%)* |
|
| 24 | INR 26.10 LPA |
|
| 14 | INR 19.7 LPA |
|
| 27 | INR 19.43 LPA |
|
| 22 | INR 18.8 LPA |
|
| 12 | INR 19.27 LPA |
|
| 23 | INR 18.10 LPA* |
|
| 31 | INR 16.29 LPA |
|
| 50 | INR 14.21 LPA |
|
| 26 | INR 15.61 LPA* |
|
| 47 | INR 19.73 LPA (Top quartile)* |
|
| 42 | INR 14.01 LPA (MBA HA & HM) INR 15.48 LPA (MBA) |
|
| 33 | INR 13.90 LPA |
|
| 57 | INR 14.45 LPA* |
*NOTE: Official figures yet to be released
List of Top 50 MBA Colleges with Average Package
Besides IIMs, several tier-1 b-schools are known to provide a good average package to its students via campus placements. NIRF, an initiative by MoE, ranks colleges under different streams and collectively. The table below mentions the top 50 b-schools as per NIRF ranking in order of the average placement:
| Institute |
NIRF Ranking 2024 |
Average Placement Package |
|---|---|---|
| IIM Ahmedabad |
1 |
INR 34.45 LPA* |
| IIM Bangalore |
2 |
INR 35.92 LPA |
| IIM Kozhikode |
3 |
INR 28.05 LPA |
| 4 |
INR 25.82 LPA* |
|
| IIM Calcutta |
5 |
INR 35.07 LPA* |
| IIM Lucknow |
6 |
INR 30 LPA |
| IIM Mumbai |
7 |
INR 33.84 LPA (top 50%)* |
| IIM Indore |
8 |
INR 25.68 LPA |
| 9 |
INR 27.07 LPA |
|
| 10 |
INR 23.5 LPA |
|
| 11 |
INR 25.5 LPA |
|
| IIM Rohtak |
12 |
INR 19.27 LPA |
| 13 |
INR 28.16 LPA |
|
| IIM Raipur |
14 |
INR 19.7 LPA |
| 15 |
INR 27.3 LPA |
|
| 16 |
INR 16.93 LPA |
|
| IIM Ranchi |
17 |
INR 18.69 LPA |
| 18 |
INR 18.3 LPA |
|
| 19 |
INR 20.83 LPA |
|
| 20 |
INR 33 LPA |
|
| SVKM's Narsee Monjee Institute of Management Studies, Mumbai |
21 |
INR 25.13 LPA |
| IIM Udaipur |
22 |
INR 18.8 LPA |
| IIM Kashipur |
23 |
INR 18.10 LPA* |
| IIM Shillong |
24 |
INR 26.10 LPA |
| 25 |
to be updated |
|
| IIM Visakhapatnam |
26 |
INR 15.61 LPA* |
| IIM Tiruchirappalli |
27 |
INR 19.43 LPA |
| 28 |
INR 8.33 LPA |
|
| 29 |
INR 18.2 LPA |
|
| 29 |
to be updated |
|
| IIM Nagpur |
31 |
INR 16.29 LPA |
| 32 |
INR 19.21 LPA |
|
| IIM Bodh Gaya |
33 |
INR 13.90 LPA |
| 34 |
- 15.10 LPA (PGDM) - INR 17.30 LPA (PGPM) |
|
| 35 |
INR 17.07 LPA |
|
| 36 |
INR 9.54 LPA* |
|
| 37 |
INR 14.81 LPA |
|
| 38 |
INR 7 LPA |
|
| 39 |
to be updated |
|
| 40 |
INR 16.71 LPA |
|
| 41 |
INR 7.69 LPA |
|
| IIM Jammu |
42 |
- INR 14.01 LPA (MBA HA & HM) - INR 15.48 LPA (MBA) |
| 43 |
- INR 19.53 LPA (MBA BM) - INR 17.02 LPA (MBA HRM) - INR 12.50 LPA (MBA RM) - INR 14.02 LPA (MBA SM) - INR 13.40 LPA (MMS-BF) |
|
| Thapar Institute of Engineering and Technology (Deemed-to-be-university), Punjab |
44 |
to be updated |
| 45 |
INR 9.05 LPA |
|
| Indian Institute of Technology (Indian School of Mines), Dhanbad |
46 |
to be updated |
| IIM Amritsar |
47 |
INR 19.73 LPA (Top quartile)* |
| 48 |
INR 11.1 LPA |
|
| 49 |
INR 14.14 LPA |
|
| IIM Sambalpur |
50 |
INR 14.21 LPA |
*NOTE: Official figures yet to be released.
List of Best 50 MBA Colleges with Admission Process & Fees
Candidates can check the table below to know the admission process and fees for top 50 MBA colleges in India:
| Institute |
Admission Process |
Fees (in INR) |
|---|---|---|
| IIM Ranchi |
17.50L |
|
| IIM Bangalore |
CAT |
24.50L |
| IIM Calcutta |
CAT |
31L |
| S.P. Jain Institute of Management & Research, Mumbai |
Either of the following scores:
|
9L |
| IIM Ahmedabad |
CAT |
25L |
| XLRI-Xavier School of Management, Jamshedpur |
Either of the following scores: |
23.15L |
| IIM Lucknow |
CAT |
20.70L |
| IIM Kozhikode |
CAT |
20.50L |
| IIM Indore |
CAT |
22L |
| Indian Institute of Foreign Trade, Delhi |
CAT |
19.50L |
| Indian Institute of Technology, Bombay |
CAT |
14L |
| IIM Mumbai |
CAT |
21L |
| IIM Shillong |
CAT |
17.50L |
| Symbiosis Institute of Business Management, Pune |
22L+ |
|
| SVKM's Narsee Monjee Institute of Management Studies, Mumbai |
11.95L |
|
| Management Development Institute, Gurgaon |
CAT |
25L |
| Indian Institute of Technology, Delhi |
CAT |
11.20 L |
| Indian Institute of Technology, Kharagpur |
CAT |
11.60L |
| IIM Raipur |
CAT |
16L |
| IIM Tiruchirappalli |
CAT |
21L |
| Indian Institute of Technology, Madras |
CAT |
17L |
| MICA, Ahmedabad |
23L |
|
| XIM University |
Either of the following exam scores:
|
21L |
| IIM Udaipur |
CAT |
19L |
| IIM Rohtak |
CAT |
17.90L |
| Indian Institute of Technology, Roorkee |
CAT |
4L |
| Indian Institute of Technology, Kanpur |
CAT |
22L |
| Great Lakes Institute of Management, Chennai |
Either of the following exam scores:
|
11.2L |
| IIM Kashipur |
CAT |
17.30L |
| Institute of Management Technology, Ghaziabad |
Either of the following exam scores:
|
21.53L |
| International Management Institute, Delhi |
Either of the following exam scores:
|
20.8L |
| Indian Institute of Technology (Indian School of Mines), Dhanbad |
CAT |
84K |
| IIM Nagpur |
CAT |
18L |
| IIM Visakhapatnam |
CAT |
19L |
| IIM Jammu |
CAT |
17.15L |
| Goa Institute of Management |
Either of the following exam scores:
|
18.3L |
| T. A. Pai Management Institute, Manipal |
Either of the following exam scores:
|
17.34L |
| K J Somaiya Institute of Management Studies and Research, Mumbai |
Either of the following exam scores:
|
20.87L |
| Birla Institute of Management Technology, Noida |
Either of the following exam scores:
|
14L |
| UPES, Dehradun |
Either of the following exam scores:
|
8.45L |
| Chandigarh University |
Either of the following exam scores:
|
5.56L |
| Jaipuria Institute of Management, Noida |
Either of the following exam scores:
|
13.5l |
| Jamia Millia Islamia, New Delhi |
JMI Entrance Exam |
47K |
| Lovely Professional University, Punjab |
Either of the following exam scores:
|
8L |
| Amrita Vishwa Vidyapeetham, Coimbatore |
Either of the following exam scores:
|
11.1L |
| National Institute of Technology, Tiruchirappalli |
CAT |
3L |
| ICFAI Foundation for Higher Education, Hyderabad |
Either of the following exam scores:
|
16.02L |
| Amity University, Noida |
Either of the following exam scores:
|
12.16L |
| Thapar Institute of Engineering and Technology (Deemed-to-be-university), Punjab |
Either of the exams
|
10.90L |
| Anna University, Chennai |
82K |
With a creative soul, Abhishek is inclined towards anything in the creative space be it drawing, painting, craft, or writing. He has been working in the ed-tech industry since he started his career. Besides creative... Read Full Bio