MBA is one of the most sought-after postgraduate management degrees. Harvard University Graduate School of Administration introduced it in 1908. In this course, you learn management knowledge, like marketing, finance, accounting, and sales. You also develop leadership and soft skills. While doing an MBA, one can grow their business knowledge and build a network that helps develop prospects. According to the GMAC (Graduate Management Admission Council), the top three motivations for doing an MBA are salary increase, promotion to a senior position, and working internationally. So, buckle up as we set sail to explore the top 10 MBA Colleges in India.
Before we delve deeper into which are the top 10 MBA colleges, let’s first understand the different types of MBA programs. So, below are some details about MBA programs available in India.
MBA Program Types
- Full-time MBA: It is a full-time, immersive course designed for students who want to join an MBA straight out of school. The duration of the course is two years. It includes physical classes, live projects, semester assessments, summer internships, and placements.
- Part-time MBA: This course best suits working professionals who want to learn managerial skills. This degree doesn’t provide summer internships and placements.
- Distance MBA: This course suits people who are time-bound and with limited resources. It is cheap and flexible. IGNOU offers this course.
- Online MBA: This course is popular due to its convenience and flexibility. The classes happen online, and notes, lectures and tests are available on the Learning Management System (LMS).
- Executive MBA: This course is designed especially for working professionals having more than five years of experience. The curriculum is similar to a full-time MBA. Yet the duration is shorter (15 to 19 months).
- Five-year- Integrated MBA: The course is a five-year dual degree. It includes a UG and PG degree. Students who have opted for management can opt for an integrated MBA like BBA+MBA or BTech+MBA.
Top 10 MBA Colleges in India
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IIM Ahmedabad
Established Year: 1961
Also known as IIMA, IIM Ahmedabad is ranked 62nd out of 100 B-schools by the Financial Times. The college has received accreditation as the first MBA college by the European Quality Improvement System (EQUIS). IIMA is famous for its top-notch facilities like an academic block, residential housing, sports facilities, a reading lounge, and a computer lab.
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IIM Bangalore
Established Year: 1973
IIM Bangalore is also one of the best MBA colleges in India. Its MBA and EMBA program has been ranked 52nd by the FT Global Rankings 2023. The students of IIM Bangalore can participate in the student exchange program with colleges in North America, Europe, Asia, Australia, and South America. Another thing that puts the college in the top 10 is its affiliation with GNAM (Global Network for Advanced Management). It is a network of 32 business schools from various countries and IIMB is the only business school from India.
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IIM Calcutta
Established Year: 1961
Situated at Joka, Calcutta, IIM Calcutta is the oldest IIM in India. Established in 1961, it is the first college in India to have triple accreditation. IIM Calcutta has three hostels: the Old Hostel, the White Hostel, and the New Hostel. These hostels provide international standard facilities for the students. The campus provides academic buildings and top-notch infrastructure including classrooms of different sizes, conference rooms, group study areas and more.
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IIM Indore
Established Year: 1996
IIM Indore is a renowned business school with world-class academic standards. Accredited by the Association of MBAs in London (AMBA), a UK-based accrediting agency, the Post Graduate Programme (PGP) in Management provided by IIM Indore is a two-year, on-campus MBA course. It aims to develop socially conscious managers, leaders and entrepreneurs. The college has the most up-to-date teaching aids, extensive learning resources and a robust IT infrastructure. A Learning Centre and a Computer and Finance Lab are also available on the campus.
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IIM Kozhikode
Established Year: 1996
Located in Kunnamangalam, Calicut, IIM Kozhikode is located in Kerala’s second-largest city. The foundation of the Incubation Centre of Excellence in collaboration with the Government of Kerala is one of the notable features of the College. It has also launched a Center for the Development of Digital Libraries (CDDL) that takes up projects for the promotion and creation of Digital Libraries. The college also has an exchange program for students and teachers in collaboration with ASEAN Countries.
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IIM Lucknow
Established Year: 1984
IIML is ranked fourth among IIMs in the country. The Association of MBAs (AMBA) and the Association to Advance Collegiate Schools of Business (AACSB) have accredited the programs in IIM Lucknow. The college has agreements with 24 renowned B-schools and colleges of the world to facilitate student exchange programs. IIML boasts of students from diverse academic and cultural backgrounds. Regular workshops and guest lectures by prominent people from the industry are conducted throughout the year. It helps students gain perspective on how things work in the business industry.
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IIT Bombay
Established Year: 1958
IIT Bombay provides a two-year MBA program through its SJM School of Management. Recently, SJMSoM IIT Bombay achieved the 11th position in the Government of India MHRD NIRF Ranking 2022 among the top 125 management institutes in the country. It has signed multiple MoUs with international universities, facilitating student exchange initiatives. These partnerships include prestigious institutions like Kellogg Graduate School of Management, University of Connecticut, Hoseo University, and BaaN Institute.
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DMS IIT Delhi
Established Year: 1997
This institution has ranked consistently among the top 10 business schools in India. It wasn’t until 1997 that the Department of Management Studies started the full-time MBA programme at IIT Delhi. It is one of the twenty-three IITs that were founded to serve as centres for excellence, science, engineering, research and advancement. The Executive MBA course of the institute is also famous among management aspirants.
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VGSOM, IIT Kharagpur
Established Year: 1993
The Vinod Gupta School of Management (VGSOM) was the IIT system’s first school of management. Fintrest, a finance club at VGSOM, focuses on increasing students’ financial literacy. The college also has different clubs like Olympia, which is a well-functioning sports committee. There is a Quiz club and a Media and advertising club that keeps students informed about recent marketing and advertising trends. The institute also has an E-cell or entrepreneurship club that aims to foster the spirit of entrepreneurship in students.
- XLRI
Established Year: 1949
Founded by Jesuit fathers, XLRI is India’s oldest business school. In 1968, the college started offering a 2-year full-time business management program. It also has a healthy gender ratio. XLRI also conducts a management test called XAT which is considered more difficult than CAT. On-campus activities ranging from quizzing league, Public prod, and sports meet and adventure treks are conducted in the college.
