List of Top Tier 1 MBA Colleges in India - 2024 Rankings, Fee and Placement
India has 5500+ MBA Colleges and all are delivering management education. Among all these institutes only a few can provide quality education, high placements and international exposure and these institutes are the top Tier 1 MBA Colleges in India. These institutes rank higher in NIRF, IIRF Business Today and other rankings. They are famous for their management education quality, combining theoretical knowledge with practical implementation. Also, they focus on developing leadership and industry-relevant skills. Getting admission to this institute is not an easy task candidates have to outclass thousands of applicants for admission. Let’s find out what makes these tier-1 business schools more special.
Top Tier 1 MBA Colleges in India
Indian Institute of Management – Ahmedabad
IIM A is globally among India’s top business schools and the best MBA colleges. Advanced infrastructure, world-class faculty and top-notch curriculum make IIM A different. The admission process of these colleges is so tough that a candidate needs to score 98 percentile or more to be admitted. IIM A witnessed 100% placement and ranked top on the business school list for many years.
- Highest Placement – 1.75 Crore PA
- Average Placement – 35.68 LPAFees – 33.00 Lakh
Indian Institute of Management – Bengaluru
In the QS executive MBA global ranking, IIM Bengarlur secured the 41st spot, making this college the best among all management institutes. Placements in reputed companies, amazing infrastructure, and global reach are the key reasons behind the success of this college.
- Highest Placement – 1.15 Crore PA
- Average Placement – 35.31 LPA
- Fees – 24.50 Lakh
Faculty of Management Studies – Delhi
FMS Delhi delivers the best ROI on MBA in India. It comes under the University of Delhi and the fees of this institute are around 2 Lakh. It has the lowest fees for an MBA among all other tier 1 MBA colleges in India. FMS majorly pay attention to the practical part and works on the skill enhancement.
- Highest Placement – 1.23 Crore PA
- Average Placement – 34.01 LPA
- Fees – 02.00 Lakh
Read About – PGDM vs MBA
India School of Business – Hyderabad
ISB Hyderabad majorly target the working professional with good exposure. In the last couple of years, ISB has seen an increase in raking and placements. ISB focus on the giving industry demanding skills and learning. As a result, they are getting quite high placements which are even better than IIMs. One Major drawback of the institute is that the fees of college is too high.
- Highest Placement – 60.00 LPA
- Average Placement – 34.21 LPA
- Fees – 49.50 Lakh
Xavier Labour Relation Institute – Jamshedpur
One of the most reputed business schools in India. Students from abroad also come and take admission to this institute. XLRI is known for its education in Human resources and International business management. Among all the colleges XLRI has the strongest industry connection and alumni network.
- Highest Placement – 53.53 LPA
- Average Placement – 28.29 LPA
- Fees – 21.70 Lakh
Check out – Top 100 MBA Colleges in India
Manangement Development Institute – Gurugram
Management Development Institute has one of the best faculty and industry exposure in India. It is the only institute which sees consistent growth in placements every year. MDI has various clubs committees, events and student exchange programs.
- Highest Placement – 63.30 LPA
- Average Placement – 26.18 LPA
- Fees – 16.70 Lakh
Taxila Business School – Jaipur
Ranked 2nd top MBA college in Rajasthan, Taxila Business School is known for its quality education, high placements, strong alumni network and world-class infrastructure. Taxila offers PGDM+ Business Analytics with triple specialization. This course enables students to learn the in-demanding data skills with the 2 specializations of their choice which makes their students more in demand.
- Highest Placement – 28.60 LPA
- Average Placement – 11.50 LPA
- Fees – 09.50 Lakh
Also, Check – Top MBA colleges in Jaipur
Indian Institute of Management – Calcutta
IIM Calcutta provides various international-level student exchange programs in the course. IIM C has many programs with the collaboration of international universities. Many students on IIM C are the founders of successful startups and they pay more attention to leadership building. It has been among the top 10 B schools in India for the last 6 decades.
- Highest Placement – 01.15 Crore PA
- Average Placement – 35.07 LPA
- Fees – 31.00 Lakh
Indian Institute of Management – Lucknow
IIM Lucknow provides the perfect balance of theoretical knowledge and practical skills. Most importantly this institute pays attention to the sustainable development of business. IIM Lucknow is among the colleges which provide the top placements in various sectors.
- Highest Placement – 01.00 Crore PA
- Average Placement – 32.23 LPA
- Fees – 20.30 Lakh
Indian Institute of Management – Mumbai
Early known as NITIE, IIM Mumbai has been the new addition to IIMs. Like other IIMs, it has a world-class infrastructure, skilled faculty and global opportunities. It has a consistent record of high placements.
- Highest Placement – 49.00 LPA
- Average Placement – 25.40 LPA
- Fees – 11.07 Lakh
Department of Management Studies – IIT Delhi
IIT Delhi provides a strong base for research and innovation. Focus on academic excellence also combines technology with it. IIT Delhi has strong connections to leading MNCs and provides valuable internships. It also has programs like an MBA in Telecom Management.
- Highest Placement – 41.13 LPA
- Average Placement – 25.82 LPA
- Fees – 11.20 Lakh
Indian Institute of Management – Udaipur
The No. 1 college in Rajasthan and one of the best IIM, IIM Udaipur provide ample opportunities to students. The major focus of the institute is on personality development and industry-related skills.
- Highest Placement – 46.76 LPA
- Average Placement – 20.09 LPA
- Fees – 21.43 Lakh
See – Top 20 MBA Colleges in India
Indian Institute of Management – Kozhikode
IIM Kozhikode offers a rigorous curriculum that blends theoretical knowledge with practical applications. This institute has more focus on experiential learning and provides live projects and internships in the best companies
- Highest Placement – 67.02 LPA
- Average Placement – 31.02 LPA
- Fees – 22.50 Lakh
SPJIMR- Mumbai
SPJIMT has one of the strongest alumni bases among all the tier PGDM institutes in India. With a balanced curriculum, industry partnership, and active community SPJIMR can provide quality education with high placements.
- Highest Placement – 81.00 LPA
- Average Placement – 33.00 LPA
- Fees – 21.00 Lakh
Symbiosis Institute of Business Management – Pune
Number 1 Private MBA College of Maharastra is known for its global exchange programs. It has one of the best MBA curricula in India and a mind-blowing track record of placements in top organisations.
- Highest Placement – 50.00 LPA
- Average Placement – 28.16 LPA
- Fees – 24.20 Lakh
Also check – Top MBA Colleges Accepting CMAT Score in India
Institute of Management Technology – Ghaziabad
One of the best private business schools in north India, IMT Ghaziabad has been ranked 9 in the career outcome rankings of QS Global executive rankings. The institute is providing the PGDM in collaboration with the National Institute of Securities Markets (NISM).
- Highest Placement – 65.60 LPA
- Average Placement – 17.35 LPA
- Fees – 21.53 Lakh
Check out – Top MBA colleges accepting MAT score in India
Indian Institute of Management – Shillong
.IIM Shillong has 300+ recruiters and majorly focuses on industry-related skills. This institute promotes sustainable development through various programs which is the future. IIM Shillong and the government of Meghalaya signed an MOU to start joint initiatives aimed at fostering collaboration for societal impact.
- Highest Placement – 48.50 LPA
- Average Placement – 18.76 LPA
- Fees – 22.76 Lakh
Indian Institute of Management – Indore
IIM Indore is among the business schools that are ranked best for executive MBA in India. IIM Indore focuses on intonational exposure and collaborates with 30+ colleagues around the world.
- Highest Placement – 1.14 Crore PA
- Average Placement – 30.21 LPA
- Fees – 11.04 Lakh
Indian Institute of Management – Ranchi
- Highest Placement – 35.50 LPA
- Average Placement – 17.50 LPA
- Fees – 09.50 Lakh
Indian Institute of Management – Rohtak
- Highest Placement – 36.00 LPA
- Average Placement – 18.74 LPA
- Fees – 17.29 Lakh
Admission Process & Eligibility Criteria for Tier 1 MBA Colleges in India
- All the candidates must have 50% marks in the bachelor’s degree from a recognised institute or university.
- Candidates have to appear in the CAT (Common Admission Test) for all the Tier 1 PGDM colleges. Apart from CAT there, many colleges accept XAT, MAT, CMAT, and GMAT for admissions.
- Based on the score in the entrance exam candidates will be shortlisted for the further admission process.
- Shortlisted candidates have to appear for the selection process which typically includes – Group Discussion and Personal Interview.
- After GD and PI a list of finally selected students was released by the institute.
- Selected candidates have to pay the admission fees and submit their documents for admission confirmation.
Difference Between Tier 1 MBA Colleges and Normal Business School
- Tier 1 business schools provide international exposure to the students. They have partnered and collaborated with various international institutes to provide quality learning.
- One major difference students can see in the placements is not only the stats of placements are higher but the recruiters also reputed. In this institute, some of the biggest organisations come to hire future managers, CEO, MDs and team leaders.
- Tier 1 Management Institute also has a premium infrastructure, better college life, qualified faculty, best education and research facilities.
- This institute focuses on entrepreneurship capabilities and provides various opportunities, networking and platforms to promote their startups. In national and international level rankings such as NIRF, IIRF, and QS MBA Rankings these institute always rank at the top.
- Instead of focusing only on the placements, these institute helps empower their students with skills knowledge and networking.
- As of now, these institutes focus on sustainable development and solutions. They provide the learning to students from which they can find solutions which are less harmful to the nature.
Also Read – Which MBA specialization is best for engineers? | Skills that an MBA degree will teach you
Top 10 Private Tier 1 B Schools in India
Rank | Institute Name | Average Placement | Fees |
1 | Xaviers Labour Relation Institute – Jamshedpur | 28.29 LPA | 21.70 Lakh |
2 | Indian School of Business – Hyderabad | 34.21 LPA | 49.50 Lakh |
3 | Management Development Institute – Gururgram | 26.18 LPA | 16.70 Lakh |
4 | Institute of Management Technology – Ghaziabad | 17.35 LPA | 21.53 Lakh |
5 | Symbiosis Institute of Business Management | 28.16 LPA | 24.20 Lakh |
6 | Great Lakes Institute of Management | 15.10 LPA | 20.80 Lakh |
7 | Taxila Business School – Jaipur | 11.50 LPA | 9.50 Lakh |
8 | SPJIMR – Mumbai | 33.00 LPA | 21.00 Lakh |
9 | TAPMI – Jaipur | 13.84 LPA | 8.64 Lakh |
10 | MICA – Ahmedabad | 17.45 LPA | 23.00 Lakh |
Top 10 Government Tier 1 Business Schools in India
Rank | Institute Name | Average Placement | Fees |
1 | Indian Institute of Management – Ahmedabad | 35.68 LPA | 33.00 Lakh |
2 | Indian Institute of Management – Bengaluru | 35.31 LPA | 24.50 Lakh |
3 | Faculty of Management Studies – Delhi | 34.01 LPA | 2.00 Lakh |
4 | Indian Institute of Management – Calcutta | 35.07 LPA | 31.00 Lakh |
5 | Indian Institute of Management – Lucknow | 32.23 LPA | 20.30 Lakh |
6 | Indian Institute of Management – Kohizokode | 31.02 LPA | 22.50 Lakh |
7 | Department of Management Studies – IIT Delhi | 25.82 LPA | 11.20 Lakh |
8 | Indian Institute of Management – Udaipur | 20.90 LPA | 21.43 Lakh |
9 | Indian Institute of Management – Indore | 30.21 LPA | 11.04 Lakh |
10 | Indian Institute of Management – Rohtak | 18.73 LPA | 17.29 Lakh |