Top 20 Colleges for MBA Latest List 2023

The 20 colleges for MBA in India is majorly occupied by the IIM chain. IIM is the best institute in the country to pursue MBA. There are 20 IIMs in India with different rankings of course. All of them have the best placements. But, apart from the IIMs, there are some other institutes as well that have made it to our list of top 20 colleges for MBA in the country in 2022.

Check out this article to find the top 20 colleges in Kolkata.

1. Indian Institute of Management (IIM), Ahmedabad

It goes without saying that IIM Ahmedabad tops our list of top 20 colleges for MBA. Its NIRF ranking is 1. The college is considered the best management school in India. It got established in 1961. IIMA upholds the highest degree of academic excellence at the international level at Partnership in International Management (PIM).

2. XLRI Xavier Institute of Management, Jamshedpur

This one is one of the management oldest colleges in India. XLRI got founded in 1949 by a few Jesuit fathers. The college offers PGDM and Fellowship Programmes in Management (FPM). They also offer few short-term Management Development Programmes (MDPs). XAT is the entrance admission test for this college. This is also one among the top 20 colleges for MBA.

3. Indian Institute of Management (IIM), Bangalore

The next IIM on our list is IIM Bangalore. The college is accredited by EQUIS. It got established in 1973. Its NIRF ranking is 2nd. This one is the only Indian management business school in the Global Network for Advanced Management. The popularity of this institution has crossed the boundaries of this nation. This is also one among the top 20 colleges for MBA.

4. Indian Institute of Management (IIM), Kolkata

IIM Kolkata comes in the 4th position for the top 20 colleges for MBA. Their NIRF ranking is 3rd in the country. The first college of the IIM legacy is IIM Kolkata. The campus is spread in an area of over 100 acres. Their placements are the best of all.

5. Department of Management Studies, IIT Delhi

IIT Delhi has a department of management studies that also makes it our list of best B schools in the country. It is famously called DMS IIT Delhi. In an All-India B-School Survey in 2017, this college has got a rank of “A+++”. They have management programmes at master and PhD levels. This is also one among the top 20 colleges for MBA.

6. Indian Institute of Management (IIM), Lucknow

NIRF ranked this college in the 4th position. The college got established in 1984 that currently serves as a mentor institute for IIM Jammu, Rohtak and Kashipur. They have MBA/PGDM, Executive MBA/PGDM, FPM, and certificate courses. This is also one among the top 20 colleges for MBA.

7. Vinod Gupta School of Management (VGSOM), IIT, Kharagpur

IIT Kharagpur has a specialised department for business and management studies. Their NIRF ranking is 6th in the country. The courses they offer are MBA, EMBA & PhD. The total number of seats they offer in the management category is around 170. Their highest placement is 22 LPA. This also one among the highly admired institutions in the country and has a place among the top 20 colleges for MBA.

8. Management Development Institute (MDI), Gurgaon

In the list dominated by IIM and IIT, here is a totally different college of the league. It is MDI Gurgaon that got established in 1973. Their NIRF ranking for the best private business schools is 10th. Their highest placement package is 40 LPA & the average package is 22.05 LPA. This is also among the top 20 colleges for MBA.

9. Indian Institute of Management (IIM), Kozhikode

IIM Calicut got established a few years back in 1996. IIM Calicut offers courses in postgraduate, executive and research programmes in different management fields. IIM Calicut is also a part of the Development of Digital Libraries in the world. The faculty here are highly qualified and atmosphere for studies is very ideal. This is also one among the top 20 colleges for MBA

10. Indian Institute of Management (IIM), Indore

The another college in our list of top 20 colleges for MBA in IIM Indore. Its NIRF ranking is 7. They are the 6th college in IIM legacy. IIM Indore offers UG, PG, doctoral, certificate and PG certificate programmes in different fields of management. The college is accredited by the Association of MBAs, London.

MBA is one of the most common degrees that people opt for. Be it from the Commerce background or the Engineering background, most people opt for this course to get a better placement. It is the reason why there is such a massive rise in MBA colleges in the country. We advise the candidates to prepare nicely to get admission to the top 20 colleges for MBA. We wish you all the luck.

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11. Indian Institute of Foreign Trade

The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country’s foreign trade management and increase exports by developing human resources, analysing and disseminating data and conducting research.

MBA degree is offered in International Business. The duration of the regular programme is two years, candidates can do the same on a part-time basis and its duration will be three years.

IIFT also provides Executive Masters course in International Business and also a certificate programme in Export Management.

This is an institution with proven capability to continuously upgrade its knowledge base with a view to servicing the requirements of the government, trade and industry through both sponsored and non-sponsored research and consultancy assignments. Needless to say this is one of the top 20 colleges for MBA.

12. Faculty of Management Studies (University of Delhi)

University of Delhi is an epitome of higher learning in this country.

University offers various courses that are most sought after, needless to say, management education is no exception.

The Faculty of Management Studies (FMS) focuses on management education more than just business management.

The commitment is thought leadership with a deep understanding of business.

The approach to pedagogy combines fieldwork, case studies and instrumented feedback with a strong emphasis on concepts and theory.

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FMS has the unique privilege to be part of one of the premier universities world – the University of Delhi – with some of the finest departments in Economics, Law, Sociology, Commerce and Operations Research. Needless to say, this is also one among the top 20 colleges for MBA in India.

13. S.P. Jain Institute of Management

Bharatiya Vidya Bhavan’s S P Jain Institute of Management and Research (SPJIMR) is a leading school of management in the heart of India’s financial centre, Mumbai.

SPJIMR is a part of the Bharatiya Vidya Bhavan and functions as an autonomous institute with entrepreneurial agility.

It consistently ranks amongst the top ten management institutes in India.

The institution commences its innings in 1981 after inauguration by former British Prime Minister. Inaugurated in 1981 by the then British Prime Minister, Late Margaret Thatcher.

SPJIMR’s mission is to influence, practice and promote value-based growth.

It builds on this mission through pedagogic innovations and pioneering programmes, carving a distinctive path in management education.

SPJIMR has acquired the reputation of meeting societal needs of under-managed sectors by offering unique, purposeful and relevant initiatives.

More than 1,000 participants from diverse backgrounds are enrolled at any given time across a range of management programmes offered by SPJIMR. This is also one among the top 20 colleges for MBA.

14. T.A. Pai Management Institute

Karnataka is home to finest higher education institutions of India. Needless to say, TAPMI (T.A. Pai Management Institute) is one of them.

With academic rigour and experiential learning at its core, TAPMI’s Post Graduate Diploma in Management Programs are approved by All India Council for Technical Education (AICTE) since its constitution.

The institute takes pride in the academic rigor and relevance practiced there.

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TAPMI imbibes thorough business knowledge in students, making them business ready right from the first day.

The institute also believes in the power of experiential learning, which is one of the pillars of education at TAPMI.

Every element in its action based and outcome centric curriculum is geared towards teaching students through real experiences.

Case study based teaching lessons, simulation games, Management in Practice (MIP), Brandscan and exchange programs are a few engagements that take students beyond the four walls of the classroom and instill leadership qualities that in turn enable the students to tackle business challenges head-on. When the institution has such a great atmosphere for learning, it is one among the top 20 colleges for MBA.

15. Great Lakes Institute of Management (Chennai)

Learning is one of the key components in education and this institution has achieved excellence in that long ago.

Coursework will bring the students in contact with brilliant academicians, management gurus and industry experts from around the world.

Interactions with all these people will not only elevate the levels of thought but will also enable a cross-fertilization of ideas and exchanges.

The ambience in which students and teachers co-exist after class hours provides ample time and opportunity for introspection and overall rounding of one’s personality.

Platinum rated, green & eco-friendly, the campus – spread over 27.5 acres – is equipped with cutting-edge infrastructure and amenities.

In all this, the common thread is that of being a large family and Great Lakes strives to be a home away from home during the period of your stay and forever after. Needless to say this is also one of the top 20 colleges for MBA.

16. Goa Institute of Management

Management education in one of the finest b-school is undoubtedly a blessing. This stands true with regards to GIM.

The flagship PGDM programme builds on long years’ excellence in management education nurturing business leaders with personal integrity, social responsibility and global outlook.

Students get a thorough understanding of Indian Business Reality and a deep International perspective.

The international linkages reflect this perspective and provide an opportunity for the student to hone their skills in the international settings.

GIM introduced PGDM-Big Data Analytics in 2018. This was one of the earliest management programme in the country focused on exciting field of Big Data with an aim to create Data literate managers for tomorrow’s needs.

The institution believes that the technology skills, while important will diminish in utility as the tools become more and more capable and intelligence built in the software processes, but understanding of data will be vital for managers.

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The programme has performed very well and doubled student intake in 2019. The institution also introduced PGDM in Healthcare Management in 2013 which also got a excellent response. The institution is home to one of the finest management courses. Needless to say, this is one of the top 20 colleges for MBA in India.

17. Department of Management Studies (IIT Madras)

Department of Management Studies was established in 2004 as a home to the popular Master in Business Administration course being taught since August 2001.

It is the first IIT to open its doors to enthusiasts from streams other than Engineering such as B.A, B.Sc & B.Com in 2013. Besides the MBA program, the department has research programs at the Master’s (MS) and Doctoral (PhD) levels and an Executive MBA program for the middle and senior level executives.

The department is also a partner in multi-institutional Diploma program (PGPEX – VLM) for Visionary Leaders in Manufacturing, along with IIM Calcutta and IIT Kanpur.

Consultancy and Executive Development programs are some of the other activities undertaken by the Department.

The vision of this department is to be recognized as India’s best-in-class business school in emerging knowledge domains of management, with expanding global reach through effective engagement with academia, industry, government and other relevant stakeholders. This is also one among the top 20 colleges for MBA.

18. IBS Hyderabad

Nation is never short of institutions that are known for quality education. This educational institution is one among them.

IBS also known as ICFAI Business School is a part of ICFAI Foundation for Higher Education (IFHE), a Deemed University as per the UGC Act 1956.

IBS began its innings in 1985 and became one of the top business schools in India.

The school has been re-accredited by SAQS (South Asian Quality Standards), rated A** by CRISIL, EB2 IN by ICRA and as an Excellent Business School by Eduniversal.

The major programs offered at IBS-Hyderabad are MBA being the flagship program, PhD and BBA.

This is also among the finest institutes in which candidates with low CAT score can seek admission.

Apart from CAT, the other criteria for admission here is marks in NMAT of GMAC, GMAT, IBSAT. This is also one among the top 20 colleges for MBA.

19. GITAM Hyderabad Business School

This educational institution is also popularly known as GITAM HBS and is a part of GITAM Deemed to be University.

GITAM (Gandhi Institute of Technology and Management) is a Deemed to be University, established under section 3 of UGC Act, 1956., in 1980 in Visakhapatnam with off-campuses at Hyderabad and Bengaluru.

GITAM has been accredited by NAAC with A+ Grade. Ministry of HRD recognized GITAM as Category ‘1’ University and granted Graded Autonomy. GITAM has also been recognized by UGC as a Research University and accorded 12 B status.

This is also one of those highly reputed institution where candidates with low CAT score can apply to study management.

GITAM HBS offers Trimester based two-year full time MBA Programme, M.Phil and Ph.D. in management as well as the undergraduate programmes: BBA, BBA (Financial Markets) in collaboration with NSE Academiy, BBA with CIMA, BBA (Business Analytics) and BCom (Hons.) with ACCA.

Criteria for admission here is score in CAT, NMAT by GMAC, GMAT or IBSAT. This is also one among the top 20 colleges for MBA.

20. ITM University Gwalior

This university is established by the Act of State Legislature, M.P. and is sponsored by Samata Lok Sansthan, a registered charitable Trust.

The university aims to provide its students with a rich and varied academic environment through choice based credit system, modular approach, cafeteria approach, multipoint entry and exit, industry based credits, students exchange etc., that ensures opportunities for both intellectual development and the acquisition of professional knowledge and skills.

It is designed in a manner that offers students necessary competencies to face the challenges of the new economic world order. Initiatives ensure that aspiring performers enrich their education with a high level of activity outside the lecture. Students beyond their classroom will have countless opportunities for involvement and extracurricular enjoyment. This is also one among the top 20 colleges for MBA.

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Conclusion (Top 20 colleges for MBA)

Management courses are one of the most sought after by those who are aspiring for a great career in the corporate world or those who are desire to embark on a journey of establishing their own business empire. Studying  management courses in an institution that has won great deal of admiration is what everyone would desire. This is where the top 20 colleges for MBA would come into the picture.

Students who are willing to apply in anyone or more of these top 20 colleges for MBA must remember to familiarize themselves with the admission procedure of those institutions. Some of these may offer admission based well-known exams like CAT or XAT. And, certain others may admit students based on their own written test, few others may admit based on the applicant’s performance in the qualifying exam.

Individuals must be prepared for the admission procedure. Getting a seat in these top 20 colleges for MBA may not be an easy thing. But working with determination would yield success. Studying management courses in any one of these top 20 colleges for MBA is said to have lot of benefits like bright career prospects, so it pays to work hard for a seat in these top 20 colleges for MBA.