Looking for the best MBA colleges in India in 2023? Look no further. Check out this list of the top 10 MBA colleges in India that are known for their exceptional quality of education and training.
If you’ve decided to pursue a Master of Business Administration (MBA) in India, the next step is to find one of the country’s top MBA colleges. The MBA degree originated in the USA, which is why there are many top MBA colleges in the USA. In India, the MBA is one of the most sought-after professional degrees. Every year, more than 1 lakh students graduate with an MBA degree. However, MBA learning is more than just memorization; it requires proper guidance and training.
To help you find the best MBA colleges in India, Top 10 About has compiled a comprehensive list of the top 10 MBA colleges of all time in India. Take a look and discover the best MBA colleges that can help you achieve your career goals.
10. Indian Institute of Management, Indore
Intake Exams: CAT, IPMAT
Located in Madhya Pradesh, India, the Indian Institute of Management, Indore was established in 1996 and has since become one of the most renowned MBA colleges in the country, known by its abbreviation IIM-I. This public business school operates under the principal motto of “Achievement is Rooted in Management.”
One of the distinctive features of IIM-I is its Foreign Student Exchange Program, which provides over 90 seats for students interested in studying abroad. Roughly 20% of students have the opportunity to spend an academic term at a foreign university, making it an attractive option for those seeking international exposure.
9. Indian Institute of Technology, Roorkee
Intake Exams: CAT
The Indian Institute of Technology, Roorkee, established by James Thomson in 1847, is considered one of the top MBA colleges in India for the year 2023. Located in Uttarakhand, the college was previously known as Thomason College of Civil Engineering until 1948, and was later renamed the University of Roorkee in 2001. It is commonly referred to as IIT Roorkee.
The college operates on the principal motto of “Nothing can be achieved without hard work.” IIT Roorkee has formed partnerships with various domestic and foreign universities, offering opportunities for student and faculty exchange programs, as well as internships and research activities.
8. Indian Institute of Management, Kozhikode
Intake Exams: CAT, GMAT India
Established by the Government of India in 1996, the Indian Institute of Management, Kozhikode is located in Kerala and was the fifth IIM to be established in India. The college operates under the motto of “Diligence leads to Excellence.”
In 2001-2002, IIM Kozhikode introduced the Interactive Distance Learning program, becoming the first institute in Asia to provide a distance learning program for working executives in management. This program is specifically designed for busy professionals who wish to enhance their managerial skills while continuing to work.
7. XLRI – Xavier School of Management
Intake Exams: XAT, GMAT India
XLRI – Xavier School of Management, located in Jharkhand, India, was founded by the Society of Jesus in 1949. The college has earned accreditations from two prestigious bodies: the Association of MBAs and the Association to Advance Collegiate Schools of Business. Its principal motto is “For The Greater Good.”
As a private business school affiliated with the Jesuit of Roman Catholicism, XLRI offers both HR Management and Business Management programs, each with a total of 80 available seats.
6. Indian Institute of Management, Lucknow
Intake Exams: CAT, GMAT India
Established in 1984 by the Government of India in UP, India, the Indian Institute of Management, Lucknow is renowned as one of the most prestigious MBA colleges in India, commonly referred to as IIM Lucknow. It is an Institution of Excellence that has served as a model for the establishment of two other IIMs, namely IIM Rohtak and IIM Kashipur.
As the fourth IIM to be established in India after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore, IIM Lucknow is a centrally funded institution. The college boasts exceptional placement records, with one of the finest placements across all business schools in India, a testament to its reputation for academic excellence.
5. Department of Management Studies, IIT Madras
Indian Institute of Technology, Madras, established in Chennai, India in 1959, is a highly regarded institution that deserves a place among the top MBA colleges in India in 2023. While the institute was founded in 1959, the Department of Management Studies (DoMS) was established in 2004, following the introduction of an MBA program in 2001.
DoMS operates under the principle motto of “Success is born out of action” and offers a range of programs, including MBA, MS, Ph.D., and PGPEX-VLM degrees, providing students with a diverse set of opportunities for advanced study and professional development. As one of the most respected business schools in India, IIT Madras is commonly known as DoMS.
4. Department of Management Studies, IIT Delhi
Established in 1961 in Delhi, India, the Indian Institute of Technology (IIT) Delhi is one of the top business schools in India. In 1993, a separate business department was established, offering a two-year full-time MBA program in various streams, including Management Systems and Telecommunication Systems Management. Additionally, IIT Delhi provides a three-year part-time MBA program in Technology Management.
3. Indian Institute of Management, Calcutta
Intake Exams: CAT, GMAT India
The Indian Institute of Management, Calcutta, also known as IIM Calcutta, is an independent public business school that was established in Kolkata, India in 1961. It was the first IIM to be established in India and is one of the oldest and most prestigious business schools in the country. The college’s motto is “Knowledge for the benefit of all”. IIM Calcutta is the only institution in India accredited by the three largest business school accreditation bodies, including AMBA, EQUIS, and AACSB. In addition, it is the only IIM that is a member of the CEMS.
2. Indian Institute of Management, Ahmadabad
Intake Exams: CAT, GMAT India
The name IIM Ahmedabad is well-known as one of the most prestigious MBA colleges in India. It was established in 1961 in Gujarat, India as the Indian Institute of Management Ahmedabad. Popularly known as IIM Ahmedabad, it is a public business school that has earned a global reputation for excellence. It was the second IIM to be established in India and has the lowest admission acceptance rate among business schools worldwide, making it the toughest to get into. The college’s guiding motto is “Progress Through the Application of Knowledge.” IIM Ahmedabad is widely recognized as one of India’s top business schools.
1. Indian Institute of Management, Bangalore
Intake Exams: CAT, GMAT India
Established in 1973 in Karnataka, India, the Indian Institute of Management Bangalore (IIMB) is a leading public business school commonly known as IIM Bangalore. It was the third IIM to be established in India. The college’s guiding motto is “May our study be brilliant and compelling.” IIMB consistently ranks as the top business school in India and is one of the best management colleges in the Asia Pacific region. As a result, it occupies the top spot on the list of the best MBA colleges in India in 2023.