Top 10 MBA Institutes in India based on NIRF 2023

Management aspirants seeking admission to the best MBA institute in India may go through the list of Top management colleges in India based on NIRF 2023 ranking on this page to make the right choice!

Top 10 MBA Intitutes in India: In the dynamic landscape of business and management education in India, a select few institutions stand out as beacons of excellence, shaping the leaders of tomorrow. From the bustling streets of metropolitan cities to serene campuses nestled in the countryside, these top MBA institutes in India consistently deliver cutting-edge education, foster innovation, and produce leaders who drive change in the global business arena.

Top MBA Institutes in India based on NIRF 2023

When it comes to talking about Top management institutes, IIMs are always ahead with a commendable lead. However, many other Business Schools give a tight competition to IIMs in generating one of the best management leaders. With NIRF Rankings 2024 all set to be released soon; let’s take a look at the list of Top MBA Institutes in India based on NIRF Rankings 2023.

1. Indian Institute of Management (IIM) Ahmedabad

Roaring high on the first rank, IIM Ahmedabad is a pioneer of management education. No discourse on management education in India is complete without mentioning the Indian Institutes of Management (IIMs), especially IIM Ahmedabad.

Established in 1961, IIM Ahmedabad is known for its rigorous academic curriculum. The IIM offer a plethora of programs ranging from the flagship two-year Post Graduate Program in Management (PGP) to executive education courses tailored for seasoned professionals.

The emphasis on case-based learning, experiential projects, and industry internships ensures that students are well-equipped to tackle real-world challenges from day one, maing it the most preferred management institute among MBA aspirants. Admission to IIM-A’s top courses such as MBA, PGDM, are based on CAT, GMAT and it’s tuition fee ranges up to INR 25,00,000.

2. Indian Institute of Management (IIM) Bangalore

Located in India’s silicon valley, Bengaluru, Karnataka, IIM Bangalore was established in 1973. Considered as on of the Top B Schools in India, IIM Bangalore offers plethora of courses such as MBA, PGDM, Executive MBA, Executive PGDM, 103 Certificate Courses, as well as, research programmes. Admissions to IIM Bangalore is often based on management entrance exams such as CAT, GMAT, and its tuition fees ranges up to INR 24,50,000. IIM Bangalore has been ranked as number 2 in NIRF Ranking 2023.

3. Indian Institute of Management (IIM) Kozhikode

Located in the picturesque city of Kozhikode in Kerala, the Indian Institute of Management Kozhikode (IIMK), established in 1996, stands as a beacon of excellence in management education in India.

IIM Kozhikode's flagship program, the Post Graduate Program in Management (PGP), is renowned for its rigorous curriculum, industry relevance, and global perspective. The institute also offers executive education programs, doctoral-level research opportunities through the Fellow Program in Management (FPM), and various management development programs catering to the needs of working professionals and organizations.

The tuition fee at IIM Kozhikode ranges up to INR 19,00,000 and the average salary package offered a IIM Kozhikode placements stands at INR 27 LPA.

4. Indian Institute of Management (IIM) Calcutta

Established in 1961, IIM Calcutta is the first national institute for post-graduate studies and research in management. Located in the vibrant city of Kolkata, IIMC is renowned for its academic rigor, diverse student body, and industry partnerships. The institute offers a range of programs including the flagship PGP, executive education programs, and research opportunities through the Fellow Program in Management (FPM). Tuition fee for its flagship courses ranges up to INR 25,00,000

5. Indian Institute of Technology (IIT) Delhi

While primarily known for its excellence in engineering and technology, IIT Delhi also offers management education through its Department of Management Studies (DMS). Established in 1993, DMS IIT Delhi offers a two-year full-time MBA program and various executive education programs. The institute's interdisciplinary approach, cutting-edge research, and industry collaborations make it a preferred choice for management aspirants. Ranked as number 5 in NIRF Ranking 2023, IIT Delhi DMS gives a tough competition to popular management institutes.

6. Indian Institute of Management (IIM) Lucknow

Established in 1984, IIM Lucknow is situated in the historic city of Lucknow. IIM-L offers a range of programs including the flagship PGP, executive education programs, and doctoral-level research opportunities. The institute's emphasis on academic excellence, leadership development, and industry interface has earned it a reputation as a center of excellence in management education. Tuition for IIM Lucknow flagship courses ranges up to INR 12,60,000. The average salary package offered at the institute stands at INR 30 LPA.

7. National Institute of Industrial Engineering, Mumbai/ IIM Mumbai

Recently renamed as Indian Institute of Management Mumbai, NITIE is popular among management aspirant for its MBA programme. Established in 1963, IIM Mumbai offers PGDM as its flagship course. Meanwhile, it is also known for its week-long Management Development Programs (MDPs) and unit-based programs (UBPs) in different areas of Industrial Engineering & Management. IIM Mumbai also offers scholarships to meritorious students. The institute offer admission basis of CAT/ GATE/ GMAT/ GRE entrance exams. The highest and average package offered during IIM Mumbai placements 2023-24 stood at INR 51 LPA and INR 31 LPA.

8. Indian Institute of Management (IIM) Indore

Established in 1996, Indian Institute of Management Indore (IIM Indore) has swiftly ascended the ranks and secured the 8th position in NIRF 2023 among leading management institutes in India.

IIM Indore offers the flagship Post Graduate Program in Management (PGP), renowned for its rigorous curriculum, experiential learning opportunities, and emphasis on innovation and entrepreneurship. The institute also offers specialized programs such as the Integrated Program in Management (IPM), Executive Post Graduate Program (EPGP), and Fellow Program in Management (FPM) catering to diverse academic interests and career aspirations.

Tuition fee for its flagship courses ranges from INR 17, 30, 000 to 35,00,000

9. XLRI-Xavier School of Management

Nestled in the picturesque steel city of Jamshedpur, XLRI - Xavier School of Management, has been synonymous with excellence in management education since its inception in 1949. Rooted in Jesuit values, XLRI places a strong emphasis on ethics, social responsibility, and sustainable development.

XLRI offers a wide array of programs including the flagship two-year Post Graduate Diploma in Management (PGDM), Executive MBA, and doctoral programs. The institute's robust alumni network and strong industry connections ensure ample opportunities for placements and industry collaborations.

Course fee at XLRI ranges up to INR 28,60,000 and average  salary package offered at XLRI placements ranges up to 30 LPA.

10. Indian Institute of Technology (IIT) Bombay

Established in 1958, IIT Bombay holds the 10th position in NIRF 2023 ranking among Top 10 MBA institutes in India for its academic rigor, world-class faculty, and vibrant campus life.

While IIT Bombay is primarily known for its engineering programs, the Shailesh J. Mehta School of Management (SJMSOM) offers management education through its Master of Management (M.Mgmt) program. The M.Mgmt program at SJMSOM is designed to groom leaders who possess a strong foundation in management principles, analytical skills, and a global perspective.

In addition to the M.Mgmt program, IIT Bombay also offers various executive education programs, research opportunities, and interdisciplinary initiatives that bridge the gap between technology and management. The institute's strong industry partnerships and alumni network provide students with access to internships, placements, and mentorship opportunities, enabling them to embark on successful careers in diverse sectors.

The tuition fee for its flagship programme ranges from INR 8,00,000 to INR 20,00,000. Meanwhile, the tuition fee for executive programme is INR 42,00,000.

Shaping the Leaders of Tomorrow

As India's economy continues to grow and evolve, the demand for skilled managers and visionary leaders will only intensify. In this transformative journey, top management institutes play a pivotal role in nurturing talent, fostering innovation, and driving sustainable growth. Whether it's the legacy of the IIMs, the innovation of IIT, the ethics of XLRI, or the corporate focus of MDI, each institution contributes uniquely to India's management education landscape, shaping the leaders who will navigate the challenges and opportunities of tomorrow's business world.