Best MBA Colleges in India 2024 - Sunstone

Masters in Business Administration (MBA) is one of the most widely sought-after Master’s programs in India. On average, around 3.5 lakh students graduate out of B-schools with an MBA degree, every year. Be it a student from an engineering background, management, IT, or media, all the paths intersect at MBA. With more than 500 options to choose from, picking one of the best MBA colleges in India is central to the trajectory of one’s career.

This article is going to serve as your one-stop guide to the best MBA colleges in India. From the importance of an MBA in India to the zonal and state-wise distribution of colleges, you are going to find everything you need to know in this article!

Why should you do an MBA?

Before we dive into the top B-schools in India that offer MBA programs, let us learn a little more about why you should do an MBA.

MBA is a two-year postgraduate degree that imparts practical and theoretical knowledge in the field of business and management. It includes technical, managerial, and leadership skills that create new career opportunities by building advanced business acumen and a top-notch professional network. You can also learn about MBA jobs in-demand after course completion with our Sunstone blog.

You must strive to get admission in the top MBA universities in India. However, to be a good manager you need brilliant interpersonal skills in addition to technical skills. You can learn more on the tech skills for MBA students with our blog. Managing a team is an art and you need to keep everyone productive as well as happy to maximize returns. The most important skills an MBA will teach you are-

• Business know-how
• Communication skills
• Management skills
• Strategic research
• Analytical approach
• Leadership
• Ability to work under pressure

Mirroring the corporate and industrial structure of work, an MBA degree offers various courses one can pick to carve a niche in. Some of these MBA specializations are:

MBA in Finance
MBA in HR
MBA in Logistics
MBA in Marketing
MBA in Banking and Finance
MBA in Operations
MBA in Business Analytics
MBA in Sales
MBA in Retail Management
MBA in Digital Marketing

An appealing course from a good business school is a great start to one’s career, which is why you need to know all about the best MBA colleges in India. Enrolling yourself in one of the best MBA colleges in India will colour your future with vibrant hues!

Best MBA Colleges in India – Zonal Distribution

Best MBA Colleges in North-India

There are as many as 60 colleges offering MBA programs in the North-Indian states. Let us take you through some of the best MBA colleges in North India for you to choose from!

STATE	MBA COLLEGE
Jammu & Kashmir	IIM Jammu
Jammu & Kashmir	Shri Mata Vaishno Devi University (SMVDU)
Jammu & Kashmir	Kashmir University
Himachal Pradesh	IIM Sirmaur
Himachal Pradesh	NIT Hamirpur
Himachal Pradesh	AP Goyal Shimla University
Punjab	Chandigarh University
Punjab	Lovely Professional University
Punjab	CT University
Uttarakhand	Himgiri Zee University
Uttarakhand	IIT Roorkee
Uttarakhand	Doon University
Haryana	BML Munjal University
Haryana	SRM Sonepat
Haryana	NIT, Kurukshetra
Delhi	DMS, IIT Delhi
Delhi	GD Goenka University
Uttar Pradesh	NIET Noida
Uttar Pradesh	APJ Abdul Kalam Technical University
Uttar Pradesh	IIT Kanpur

IIM Jammu

IIM Jammu is among the best MBA colleges in India with a beautiful campus among the hills. MBA admissions are conducted on the basis of absolute CAT percentile scores. The placement records at IIM are at par with top B-schools in India and top companies compete among themselves to hire from IIM (Jammu). Moreover, during the course, the candidates get to intern for 8 weeks at top companies. The average salary for the 2019 placement season was 11.5 Lakhs.

Fee Structure: 15 Lakhs in 2 Years
Average Salary: 8-12 LPA
Nearby Hangouts: B1 Park and Jammu University Campus
Other Courses Offered: IPM, Exc. MBA, PhD
Official Contact Number: 0191 258 5837
Address: Canal Road Nawabad, Cantonment, Jammu, Jammu and Kashmir 180016 (Get Directions)

Shri Mata Vaishno Devi University (SMVDU)

School of Business, SMVDU, is the only college in Jammu and Kashmir offering NBA accredited MBA programs. The eligibility criteria for the MBA program are a minimum of 50% marks (or equivalent CGPA) and CAT/MAT scores. It is a research and training institute and one of the top MBA colleges in India that offers management courses at a PhD level as well. The faculty has received many grants for research projects from national and international institutions. The placement records, naturally, are excellent as many bodies recommend SMVDU for its quality. The average salary for MBA graduates in this institute is between 6-8 LPA.

Fee Structure: 2 Lakhs (Course fee) + 20000 hostel fee
Average Salary: 6-8 LPA
Nearby Hangouts: Tennis court, SMVDU Sports Ground
Other Courses Offered: BTech, MTech, BArch, MA, MSc
Official Contact Number: 01991 285 535
Address: Sub-Post Office, Network Centre, Katra, Jammu and Kashmir 182320 (Get Directions)

Kashmir University

Kashmir University has a beautiful campus that is nestled in hills among pine and chinar forests. The MBA program at Kashmir University is offered by the School of Management and Commerce. It is a top MBA college in India in terms of affordability and Return on Investment (ROI). You can learn more about MBA ROI with our blog. The placement records are great and the graduates get placed in top companies in India with an average salary of 7 LPA.  

Fee Structure: 20000 in 2 Years
Average Salary: 6-8 LPA
Nearby Hangouts: Many places in the Kashmir valley, Beautiful campus
Other Courses Offered: MA, PGD, MCom, MFin, MSc, LLM, MEd, BEd
Official Contact Number: 0194 227 2004
Address: Hazaratbal, Srinagar, Jammu and Kashmir 190006 (Get Directions)

IIM Sirmaur

IIM Sirmaur is one of the newer institutions in the IIM family with a great campus in the hill town of Paonta Sahib, in Himachal Pradesh. MBA seats are offered on the basis of CAT score and a round of PI. It is an elite MBA program in India with several opportunities for gaining industry exposure. It is undoubtedly one of the best MBA colleges in India with an average placement salary of 11 LPA.  

Fee Structure: 11.75 LPA in 2 Year
Average Salary: 8-12 LPA
Nearby Hangouts: Beautiful campus with many spots
Other Courses Offered: PhD
Official Contact Number: 078329 01805
Address: Rampur Ghat Rd, Paonta Sahib, Himachal Pradesh 173025 (Get Directions)

NIT Hamirpur

The NIT-Hamirpur campus is situated in the Himalayan foothills. The eligibility criteria is a minimum of 60% marks in graduation along with CAT/CMAT/MAT scores. After that, a PI round is conducted for final selection. You can get tips for MBA PI rounds with our blog as well. The college has great placement records and the course fee is also relatively affordable making it one of the top management colleges in India that score high on ROI. Many companies regularly hire interns from NIT as well, so students get adequate industry exposure during the course.

Fee Structure: 2 Lakhs in 2 Years
Average Salary: 8-10 LPA
Nearby Hangouts: Student’s Park, NIT Playground, and Canteens
Other Courses Offered: BTech, MTech, PhD
Official Contact Number: 01972 254 011
Address: NIT, Hamirpur, Himachal Pradesh 177005 (Get Directions)

AP Goyal Shimla University

Located at a popular tourist destination in India, AP Goyal is one of the best private Universities for MBA in Himachal Pradesh. They have many courses in Engineering, Design, Hotel Management, and Journalism, along with degree programs in management. Eligibility criteria for the MBA program are 50% marks in graduation along with scores in CAT/MAT/GMAT/ATMA/XAT/HPUMAT/HPCET. Top recruiters at the institute include ACC, Airtel, Axis Bank, and Capgemini.

Fee Structure: 6 Lakhs in 2 Years
Average Salary: 8-10 LPA
Other Courses Offered: BTech, BArch, BCom, BCA, BSc (IT), BDes, BHM, BAJMC, BBA
Official Contact Number: 073810 25677
Address: Mehli-Shoghi Bypass Road, Shimla, Himachal Pradesh 171009 (Get Directions)

Chandigarh University

The CU campus is located on the Ludhiana-Chandigarh highway, just 3 hours from Shimla. It is a top college for an MBA in India and one of the best in Punjab. The eligibility criteria for the MBA program is 50% marks in graduation after which candidates can appear for CUCET. The institute has many opportunities for internships, summer school, and foreign exchange programs. The placement record is also great with top recruiters being Google, Amazon, Zomato, and IBM.

Fee Structure: 5 Lakhs in 2 Years
Average Salary: 6 - 8 LPA
Nearby Hangouts: Rock garden, easy travel to Shimla
Other Courses Offered: BA, BSc, MSc, BTech, MTech, BDes, BCA, LLB, LLM
Official Contact Number: 1800 121 288 800
Address: NH-95, Ludhiana - Chandigarh State Hwy, Punjab 140413 (Get Directions)

Lovely Professional University

LPU is one of the best MBA colleges in India with a great campus and international environment. The eligibility criteria for the MBA program are 50% marks in graduation and the score in the LPUNEST (CET conducted by the university) or CAT/MAT/XAT/NMAT/CMAT. The program is offered in tie-up with Talentedge and there is ample scope for industry exposure. The average salary for MBA graduates at LPU is 7 LPA and many top companies regularly hire from here.

Fee Structure: 5 Lakhs in 2 Years
Average Salary: 6 - 8 LPA
Nearby Hangouts: Many cafes and lounges nearby
Other Courses Offered: BTech, BBA, MTech, BArch, BSc, MSc, LLB, LLM, PhD
Official Contact Number: 0182 440 4404
Address: Jalandhar - Delhi, Grand Trunk Rd, Phagwara, Punjab 144001 (Get Directions)

CT University

CT university is one of the best MBA colleges in India offering an MBA in three areas. A regular MBA, an MBA in partnership with Lincoln University (Study Abroad Program), and an Executive MBA program. The admission is conducted on the basis of a common entrance test conducted by the institute. All national-level B-school entrance test scores are also accepted.  

Fee Structure: 3 Lakhs
Average Salary: 6 - 8 LPA
Nearby Hangouts: Cafeteria and food court of the university
Other Courses Offered: BTech, BSc, MSc, BBA, LLB, BDes, PhD
Official Contact Number: 099145 11016
Address: Ferozepur Rd, Sidhwan Khurd, Punjab 142024 (Get Directions)

Himgiri Zee University

Himgiri-Zee University is one of the best MBA colleges in India with a great curriculum and opportunities for industry exposure.

Fee Structure: 2.5 Lakhs in 2 Years
Average Salary: 6 - 8 LPA
Nearby Hangouts: Campus premises, Eat street food cafe
Other Courses Offered: BA, BSc, BFSc, BCA, BTech, MTech, BPharm, PhD
Official Contact Number: 1800 180 4181
Address: Chakarata Road, Dehradun, Uttarakhand 248197 (Get Directions)

IIT Roorkee

The Department of Management Studies at IIT Roorkee offers a highly competitive MBA program with the best B-schools in India. Candidates are eligible if they have 60% marks in graduation. The first round of selection is done on the basis of CAT scores and the second round involves GDPI. IIT is a premier institute in India and many top companies hire from IITs across departments.  

Fee Structure: 8.5 Lakhs in 2 Years
Average Salary: 8-12 LPA
Nearby Hangouts: IIT campus
Other Courses Offered: BTech, BArch, MTech, MSc, PhD
Official Contact Number:  01332 285 311
Address: Roorkee - Haridwar Highway, Roorkee, Uttarakhand 247667 (Get Directions)

Doon University

Doon University is one of the best MBA colleges in India. It is a great college for students looking for an affordable fee structure. It is a public university in which state management entrance exams, as well as national-level management exam scores, are accepted. Many companies hire from here and the packages offered are also decent.

Fee Structure: 1.5 Lakhs in 2 Years
Average Salary: 4-6 LPA
Nearby Hangouts: Rispana riverside
Other Courses Offered: BA, BCom, BDes, MTech, PhD
Official Contact Number:  0135 253 3115
Address: Mothrowala Road, Doon University Campus, Kedarpur, Uttarakhand 248001 (Get Directions)

BML Munjal University

BMU is one of the best MBA colleges in India. Along with the regular MBA program, candidates can also opt for the global leadership program focused on giving students global business exposure. The eligibility criteria are 50% marks in graduation and CAT/MAT/XAT/GMAT scores. Students can also enter via the BMU-MAT entrance test.