Top 10 Private MBA Colleges in India: Eligibility, ROI, Ranking

  • By Bhavya Thakkar
  • 31 October 2022
Top 10 Private MBA Colleges in India

MBA is a two-year postgraduate degree programme that helps in developing managerial skills and business techniques. Not only that, the best private MBA colleges in India offer a wide range of job opportunities with higher income and assist in developing a strong professional network. There are approximately 2960 private colleges in India that offer MBA courses. An MBA course requires a great amount of money, time and effort, so before pursuing MBA you must think thoroughly. In order to know more about MBA courses and top private MBA colleges in India, read further.

Top Private MBA Colleges in India: Eligibility Criteria

The minimum eligibility criteria to pursue MBA from a top private college is as follows-

  • The majority of institutions adhere to the AICTE's minimum graduation score requirements, which call for an overall score of 50% or more and a 5% relaxation for students from reserved categories.

  • Candidates must have earned their degree in any field of study or its equivalent from an accredited university.

  • Holders of professional degrees, such as MBBS, CA, CS, and ICWAI, are also qualified to pursue an MBA.

ROI of Top Private MBA Colleges in India

ROI stands for return on investment. In the case of MBA colleges, ROI can be stated as a gap between the total fees of the course and the salary of the job offered after the course. ROI is the primary factor for defining the rank of an institute. The list of top private MBA colleges with good placements is as follows-

College

Average Salary Package(in INR)

Average Yearly fees (in INR)

SPJIMR(S.P.Jain Institute of Management and Research), Mumbai

19.5 LPA

17.87 Lakhs

TAPMI(T.A. Pai Management Institute), Manipal

11.5 LPA

15.01 Lakhs

MDI(Management Development Institute), Gurgaon

23.15 LPA

21.34 Lakhs

SIBM(Symbiosis Institute of Business Management), Pune

19.56 LPA

10.20 Lakhs

IIFT(Indian Institute of Foreign Trade), Delhi

21.08 LPA

8.75 Lakhs

NITIE(National Institute of Industrial Engineering), Mumbai

20.88 LPA

11.43 Lakhs

Great Lakes Institute of Management, Chennai

13.6 LPA

11.81 Lakhs

NMIMS School of Business Management, Mumbai

17.79 LPA

12.05 Lakhs

XLRI, Xavier School of Management, Jamshedpur

25.08 LPA

23.60 Lakhs

ICFAI Business School, Hyderabad

7.88 LPA

14.14 Lakhs

Top Private MBA Colleges in India as per NIRF Rankings

  • XLRI Xavier School of Management, Jamshedpur

XLRI has got a 100% placement ratio in the batch of summer 20222-2024. Faculties of XLRI are from all over the globe and are highly graduated. It offers numerous programmes such as-

Courses

Fees(INR)

Eligibility

FPM

7.5 Lakhs(for 4years)

GMAT Exam

Certificate

27,000-4.2 Lakhs(for 50 hrs- 1 year)

Graduation with minimum of 50% marks

Executive MBA

4.1-21.7 Lakhs(15-18 months)

XAT Exam

MBA

35,000-25.8 Lakhs(1year-3years)

GMAT and XAT Exams


  • MDI (Management Development Institute), Gurgaon

Highest placement offered by MDI as of the summer 2022-24 batch was INR 1.14 CPA. It has more than 65 highly educated faculty members. Admissions for this college are done on the basis of the CAT exam. Courses offered by MDI-

Courses

Fees (INR)

Eligibility

FPM

3.9 Lakhs(3years)

50%+ in Graduation

MIM

24.2 Lakhs(2years)

50%+ in Graduation + CAT Exam

MBA

10.27 - 24.2 Lakha(2years)

50%+ in Graduation + CAT Exam

Executive MBA

4.84 - 11 Lakhs(18months-2years)

50%+ in Graduation + CAT, XAT Exams


  • SIBM (Symbiosis Institute of Business Management), Pune

Highest CTC offered by SIBM in 2021 was INR 45.5 LPA. It has well-qualified faculty members from different backgrounds. Courses offered by SIBM-

Courses

Fees(INR)

Eligibility

Certificate

4,200- 1.5 Lakhs(5weeks-3months)

10+2 

MBA

15.9-22.2 Lakhs(2years)

50%+ in Graduation + SNAP Exam

Executive MBA

6.6 Lakhs


  • SPJIMR (S.P.Jain Institute of Management and Research), Mumbai

The average CTC for SPJIMR is INR 30.1 LPA. It has a total of 67 faculty members. Admissions for SPJIMR are based on the CAT entrance test. Courses offered by SPJIMR

Courses

Fees(INR)

Eligibility

PG Diploma

10.95 Lakhs(11 months)

CAT, XAT Exams

MBA

20.42-22.1 Lakhs (18months-2years)

CAT Exam

Certificate

25,000-13.04 Lakhs(2days-21months)

50%+ Graduation + CAT, XAT Exams


  • NMIMS, Mumbai

Average CTC for NMIMS is INR 16 LPA. It has highly-qualified faculty members. It offers numerous specialisations in MBA courses. Courses offered by NMIMS-

Courses

Fees(INR)

Eligibility

BBA

37 Lakhs(5years)

10+2

PGDM/MBA

15-37 Lakhs(2-5years)

10+2 and Graduation

BBM

15.75 Lakhs(3years)

10+2 and NMIMS-NPAT Exam


  • Amity University, Noida

As of 2021, the highest CTC offered by Amity university was INR 21.5 LPA.  Amity university has approximately 4500 researchers and scientists under 11 vice-chancellors. Courses offered by Amity University-

Courses

Fees (INR)

Eligibility

BBA

3.12- 20.16 Lakhs(3years-54months)

10+2

B.Sc

1.5-13.2 Lakhs(3-5years)

10+2

MBA

4.86-25.11 Lakhs(2-5years)

Graduation and MAT,XAT Exams

M.Sc

1.08-7.1 Lakhs(2-5years)

Graduation


  • IMI (International Management Institute), Delhi

As of December 2021, IMI has a 100% placement ratio with the highest CTC of INR 32 LPA. It has more than 30 faculty members. Admissions for IMI are based on the CAT entrance test. Courses offered by IMI-

Courses

Fees(INR)

Eligibility

FPM

7.87 Lakhs (4-5years)

Graduation

MBA

17.32 Lakhs (2 years)

Graduation + XAT, CAT Exams

Executive MBA

7.68 Lakhs (15 months)


  • Great Lakes Institute of Management, Chennai

As of 2022, the highest CTC offered by Great Lakes Institute of Management is INR 35 LPA. Admissions to this college are based on XAT/CAT/GMAT entrance exams. It has 50+ full-time faculty members. Courses offered-

Courses

Fees(INR)

Eligibility

Executive MBA

9.95 Lakhs(20months)

Graduation + XAT/CAT Exams

MBA

13.25-17.25(1-2years)


  • ICFAI Business School, Hyderabad

As of 2021, the average CTC offered by ICFAI is INR 7.97 LPA. Admissions for ICFAI are done on an entrance basis. Faculty members of ICFAI are highly-educated. Courses offered by ICFAI-

Courses

Fees(INR)

Eligibility

B.Tech

10-15 Lakhs(4-5years)

10+2 and ATIT exam

BBA LLB

12 Lakhs(5years)

10+2 and ILSAT, CLAT Exams

MBA

1.8-16.02 Lakhs(2years)

Graduation + CAT Exam

Executive MBA

5.25 Lakhs (21months)

Graduation


  • LPU (Lovely Professional University), Jalandhar

Admissions for LPU are done on an entrance basis. As of 2022, the highest CTC offered by LPU is INR 3 CPA. It consists of experienced faculty members. Courses offered by LPU-

Courses

Fees(INR)

Eligibility

MCA

1.16-9 Lakhs (2-5years)



Graduation and LPU NEST

M.Sc

76,000-7.6 Lakhs

MBA

1.56-9.6(2-4years)

B.Tech

4.2-15.2 Lakhs(3-6years)

10+2 and JEE mains or JEE advance 

How Affordable is Studying in a Top Private MBA Colleges in India

Studying MBA in the best private colleges of India could be a little expensive as more than 86% of the colleges have total course fees of more than INR 5 Lakhs. And approximately 9% of the best private MBA colleges in India have total course fees in the range of INR 3-5 Lakhs. And only about 2% of them have fees in the range of INR 2-3 Lakhs. Only 1% of the best private MBA colleges in India have course fees of around INR 1 Lakh.

MBA Specialisation Offered by Top Private MBA Colleges in India

Numerous specialisations are offered by different top MBA institutes in India. They are as follows-

  • Business Analytics
  • Marketing and Sales
  • Entrepreneurship
  • Operations
  • Finance
  • International Business
  • IT and Systems
  • Human Resources

Top Private MBA Colleges in India: Cutoffs

Cutoffs of top 10 private MBA colleges in India are as follows-

Name of the Institute

Cut-off

IIFT (Indian Institute of Foreign Trade), Delhi

36 Mark

SIBM(Symbiosis Institute of Business Management),Pune

98.5 Percentile

NITIE (National Institute of Industrial Engineering), Mumbai

90 Percentile

TAPMI(T.A. Pai Management Institute), Manipal

85 Percentile

MDI(Management Development Institute), Gurgaon

94 Percentile

NMIMS School of Business Management, Mumbai

90 Percentile

ICFAI Business School, Hyderabad

70 Percentile

Great Lakes Institute of Management, Chennai

95 Percentile

XLRI Xavier School of Management, Jamshedpur

94 Percentile

SPJIMR(S.P.Jain Institute of Management and Research), Mumbai

92 Percentile

Conclusion

Thus we can conclude that top private MBA colleges in India provide satisfactory educational facilities to their students. The best MBA colleges in India also provide good placement to their candidates at well-known MNCs. In case you still have any queries regarding MBA eligibility or MBA direct admission, Sunstone is always there to assist you.

About Sunstone

Sunstone is a leading higher education services provider that works with academic institutions in upskilling students for employability. Sunstone offers career-oriented training interventions for undergraduate and postgraduate students at 50+ institutions across 30+ cities.

Sunstone’s training programs are industry endorsed to enhance employability. These programs are designed for hybrid delivery with an unparalleled focus on soft skills and personality development to provide students with a holistic educational experience.

FAQs

  • Which is the best private MBA college in India based on placement?

As per the NIRF rankings 2022, XLRI Xavier School of Management, Jamshedpur is considered the best private college for MBA

  • What are the eligibility criteria for admission to top private MBA colleges in India?

The minimum eligibility criteria to pursue MBA from top private MBA colleges in India is that candidates should have a graduate degree with a minimum of 50% marks in any field.

  • What documents are required for admission to any private MBA college in India?

Documents required are as follows-

  1. 10 and 10+2 mark sheet
  2. Undergraduate degree
  3. Identity Certificate
  4. Passport size photographs
  5. Transfer certificate.
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