The newer IIMs such as IIM Rohtak, IIM Raipur, IIM Ranchi, IIM Udaipur, IIM Kashipur and IIM Shillong are rapidly making their mark with steady developments in academics, infrastructure, and placement records. The institutes have a lively learning environment and are gaining popularity among candidates with lower charges compared to private rivals and rising returns on investment.

Parallel to the IIMs, the Indian Institutes of Technology (IITs) have also become strong players in the field of management. IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur, IIT Roorkee etc provide MBA or equivalent courses through their specialised departments or schools of management. These courses combine analytical discipline with management concepts providing a great choice for technical students. The IITs are especially famous for their robust focus on innovation, entrepreneurship and decision-making based on data.

The Indian Institute of Foreign Trade (IIFT), Delhi is well-versed in international business and is among the few colleges in India dedicated solely to trade and world commerce with excellent global exposure and industry interactions. Lastly, Jamia Millia Islamia a central university of Delhi provides a low-cost but quality MBA program which is gradually increasing in fame and placement power.

Together, these 20 government MBA schools offer a wide range of specialisations, great faculty, state-of-the-art infrastructure and strong placement criteria. They are usually favoured by the best recruiters in industries like consulting, finance, IT, FMCG and manufacturing. With their rich academic heritage and steady performance these colleges remain the most preferred places for MBA aspirants in India.

Top 20 Government MBA Colleges in India

1. IIM Ahmedabad - Indian Institute of Management, Ahmedabad

One of the best management institutions in the world is IIM Ahmedabad (IIMA) located in Gujarat. Founded with government aid from India and Gujarat and from Harvard Business School and visionaries such as Vikram Sarabhai and Kasturbhai Lalbhai, IIMA has earned an unblemished reputation in management education. It provides MBA/PGP, PGP in Agribusiness, Executive MBA, PhD and various diploma and faculty courses.

2. IIM Bangalore - Indian Institute of Management, Bangalore 

IIM Bangalore, a leading B-school of Asia is EQUIS accredited and ranked 2nd in India (NIRF 2024). It offers public policy, business analytics, executive MBA, MBA and an online BBA in digital business. It is based in Bengaluru. The average package for the MBA is ₹34.88 LPA, and it costs ₹28 lakhs.  The MBA is for ₹28 lakhs with an average package of ₹34.88 LPA. There are various electives to choose from and admissions are based on CAT.

• Location: Bengaluru 

• Program: MBA/PGP 

• QS Global MBA Ranking 2025: 53

• FT Global MBA Ranking 2025: 57

• NIRF Ranking 2024: 2

• IIRF Ranking 2025: G-3

• Accreditations: EQUIS

• Entrance Exam Accepted: CAT

• Fees: ₹28.00 Lakhs

• Average Package: ₹34.88 Lakhs per annum

• Electives: Decision Sciences, Economics, Entrepreneurship, Finance and Accounting, Information Systems, Management Communication, Marketing, Organisational Behaviour and Human Resources Management, Production and Operations Management, Public Policy, Strategy and Interdisciplinary Courses. 

• Other Programs Offered: PGP, MBA-BA (Business Analytics), MBA-EPGP, MBA-PGPEM, Doctoral Program, PGPPM (Diploma) and BBA-DBE. 

3. FMS Delhi - Faculty of Management Studies, Delhi 

FMS Delhi started with working professional part-time programs and now has full-time, executive and doctoral programs. FMS also has partnerships with other premier institutions in India and the world and is a founding member of AMDISA encouraging regional management education.

• Location: Delhi 

• Program: MBA 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: - 

• IIRF Ranking 2025: G-2 

• Accreditations: NAAC

• Entrance Exams Accepted: CAT 

• Fees: ₹2.29 Lakhs 

• Average Package: ₹34.1 Lakhs per annum

• Electives: - 

• Other Programs Offered: MBA- General Management Programme for Defence Officers, Executive MBA, Executive MBA-HCA and Ph.D

4. IIM Kozhikode - Indian Institute of Management, Kozhikode 

One of India's best business schools IIM Kozhikode was founded in 1997 and is known for its stunning Kerala campus, cutting-edge facilities and research focus, international partnerships and online courses. It has PGP, executive and Ph.D. courses that combine academic rigour with industry interaction.

• Location: Kozhikode, Kochi

• Program: PGP/MBA 

• QS Global MBA Ranking 2025: 151-200

• FT Global MBA Ranking 2025: 86

• NIRF Ranking 2024: 3

• IIRF Ranking 2025: G-7

• Accreditations: EQUIS, AMBA, AACSB

• Entrance Exam Accepted: CAT 

• Fees: ₹23.50 Lakhs

• Average Package: ₹28.05 Lakhs per annum

• Electives: Economics, Finance, Accounting & Control, Humanities & Liberal Arts in Management, Information Technology and Systems, Marketing Management, Organisational Behaviour and Human Resources, Quantitative Methods & Operations Management and Strategic Management

• Other Programs Offered: PGP Finance, PGP Liberal Studies and Management, PGP Business and Leadership, Bachelor of Management Studies – BMS, Diploma in Management, Management Development Program - MDP, Executive Post-Graduate Program (Kochi Campus), Executive Post Graduate Program (Interactive Learning Mode)-EPGP, FDP, Doctoral Program in Management and Executive Doctoral Program in Management.

5. IIT Delhi - Indian Institute of Technology, Department of Management Studies, Delhi 

IIT Delhi's Department of Management Studies was established in 1963 and was formally recognised as a department in 1993. In 1997, it introduced its MBA programs and now it provides a two-year full-time MBA in General and Telecom and an Executive MBA in Technology Management lasting three years. Industry requirements are infused into the curriculum, delivered by experienced faculty and practitioners, and supported by extensive industry links.

DMS IIT Delhi is ranked 10th in NIRF 2024 and G-10 in IIRF 2025. Admission is through CAT, followed by group discussions and interviews. The fee is around ₹12 lakhs with an impressive average package of ₹25.82 LPA. Students can choose electives like Marketing, Operations, and HRM. With NAAC accreditation and a strong reputation, IIT Delhi’s MBA is among the top management programs in India.

• Location: New Delhi 

• Program: PGP/MBA 

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 10

• IIRF Ranking 2025: G-10

• Accreditations: NAAC

• Entrance Exam Accepted: CAT

• Fees: ₹12.00 Lakhs

• Average Package: ₹25.82 Lakhs per annum

• Electives: Marketing Management, Operations Management, Human Resource Management etc.

• Other Programs Offered: MBA, MBA Telecom and Executive MBA

6. IIM Calcutta - Indian Institute of Management, Calcutta 

The two-year full-time MBA, executive MBA, PGDBA and PhD programs are offered by IIM Calcutta one of India's top B-schools. With a campus in Kolkata the institute welcomes CAT scores for the admission process.  With an average salary of ₹35.07 LPA the MBA program costs ₹27.00 lakhs. Ranked 5th in NIRF 2024 IIM Calcutta also finds mention in international rankings such as QS 65 and FT 61. Apart from this, it also offers CEMS MIM, MBAEx, PGPEX-VLM and doctoral studies.

• Location: Calcutta 

• Program: PGP/MBA 

• QS Global MBA Ranking 2025: 65

• FT Global MBA Ranking 2025: 61

• NIRF Ranking 2024: 5

• IIRF Ranking 2025: G-3

• Accreditations: EQUIS, AMBA, AACSB

• Entrance Exam Accepted: CAT 

• Fees: ₹27.00 Lakhs

• Average Package: ₹35.07 Lakhs per annum

• Electives: -

• Other Programs Offered: MBA, CEMS MIM, MBAEx, PGPEX-VLM, Doctoral Program and PGDBA

7. IIM Mumbai - Indian Institute of Management, Mumbai 

IIM Mumbai previously known as NITIE was established in 1963 and is placed at 6th position in NIRF 2024. It is one of India's leading B-schools with MBA, MBA in Operations & Supply Chain and MBA in Sustainability being its programs, along with executive and doctoral ones.

Based in Mumbai, the institute is renowned for its robust emphasis on Operations, Analytics, Finance, Marketing, HR, IT and Sustainability with academics coupled with industry exposure. Its green campus known as "God's Own Campus" and international collaborations enhance the learning process.

• Location: Mumbai 

• Program: MBA 

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 6

• IIRF Ranking 2025: G-9

• Accreditations: EQUIS 

• Entrance Exams Accepted: CAT 

• Fees: ₹21.00 Lakhs

• Average Package: ₹30.09 Lakhs per annum

• Electives: Finance, Marketing, Organisational Behaviour and HRM, Economics & Strategy, Business Analytics, Sustainability Management, Operations and Supply Chain Management.

• Other Programs Offered: PGP, MBA (Operations and Supply Chain Management), MBA (Sustainability Management), PGDEx–VLFM, General Management Programme in Defence (DGMP), Regular Ph.D and Executive P.hD.

8. JBIMS - Jamnalal Bajaj Institute of Management Studies, Mumbai 

One of India's top business schools Jamnalal Bajaj Institute of Management Studies was founded in 1965 and is well-known for its close ties to the industry and advantageous location in Mumbai's financial centre.

The institute provides courses such as MMS, M.Sc. Finance and MHRD with emphasis on applied learning through projects and internships. Its M.Sc. Finance program equips students with knowledge in corporate finance, investment banking, financial modeling and business analytics.

• Location: Mumbai 

• Program: MMS (Full-time) 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: - 

• IIRF Ranking 2025: P-6

• Accreditations: NAAC 

• Entrance Exams Accepted: CAT/ MAH-CET

• Fees: ₹6.00 - ₹7.00 Lakhs 

• Average Package: ₹28.02 Lakhs per annum

• Electives: Finance, Marketing, Operations and Supply Chain Management, Human Resources, System and Digital Business

• Other Programs Offered: MHRD, MMS (part-time), Ph.D

9. IIM Lucknow - Indian Institute of Management, Lucknow 

One of India's top B-schools for developing managers and values-based leaders is IIM Lucknow which was established in 1984. Its largest campus covers 190 acres of green in Lucknow and in 2005 it opened the first IIM satellite campus in Noida to deliver executive education. The institute focuses on high-quality instruction, research and leadership with values to produce professionals who can leave their mark globally.

• Location: Lucknow 

• Program: PGP 

• QS Global MBA Ranking 2025: 201 - 250

• FT Global MBA Ranking 2025: 71

• NIRF Ranking 2024: 7

• IIRF Ranking 2025: G-4

• Accreditations: AMBA 

• Entrance Exams Accepted: CAT 

• Fees: ₹20.75 Lakhs

• Average Package: ₹30.00 Lakhs per annum

• Electives: Marketing, Finance and Accounting, Strategic Management, Human Resource Management, Operation Management, IT and Systems, Business Environment, Communication, Decision Sciences and General Management.

• Other Programs Offered: PGP, PGP-ABM, PGP-SM, PGPWE, IPMX, DPM, EFPM, MGNF

10. IIM Indore - Indian Institute of Management, Indore 

IIM Indore set up in 1996 is among India's best management schools and a part of the elite IIM fraternity. The institute endeavours to develop students into competent managers and effective leaders through an amalgamation of solid academics, research and industry interaction. Its picturesque 193-acre campus at Indore offers a stimulating ecosystem for learning and development.

The flagship PGP programme admits students based on CAT and is internationally ranked, ranked 69 in the FT Global MBA Ranking 2025, 201–250 in QS, 7th in NIRF 2024, and G-4 in IIRF 2025. It is awarded the unique "triple crown" accreditation EQUIS, AMBA and AACSB. The program provides electives in Marketing, Finance, HR, Strategy, Operations, Economics, IT and others.The average package costs ₹25.68 LPA and the fee is ₹21.17 lakhs.

In addition to PGP, IIM Indore also provides PGP-HRM, EPGP, PGPMX, IPM (Integrated Programme in Management), doctoral programs and a number of executive and special courses in areas such as data science, AI, governance and public administration.

• Location: Indore 

• Program: PGP

• QS Global MBA Ranking 2025: 201 - 250

• FT Global MBA Ranking 2025: 69 

• NIRF Ranking 2024: 7

• IIRF Ranking 2025: G-4

• Accreditations: EQUIS, AMBA, AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹21.17 Lakhs

• Average Package: ₹25.68 Lakhs per annum

• Electives: Economics, Marketing, Information Systems, Finance & Accounting, OB & HR, Strategy, OM & QT, Humanities and Social Sciences and Communication

• Other Programs Offered: PGP, Post Graduate Programme in Human Resource Management (PGP-HRM), EPGP, Post Graduate Programme in Management for Working Executives (PGPMX), Integrated Programme in Management- (IPM), Doctoral Program in Management - DPM, Executive Doctoral Programme in Management (EDPM), Executive Doctoral Programme in Management and Governance- (EDPMG), Executive Management Programme (EMP), Master of Science in Data Science and Management, Executive Management Programme – Government, Public Administration and Defence {`EMP (G&D)`}, Executive Post Graduate Diploma Programme in Management & Artificial Intelligence (EPGDPM&AI).

11. IIT Bombay - Indian Institute of Technology, Bombay 

To bridge the technology and management IIT Bombay created the Shailesh J. Mehta School of Management in 1995 rededicated in 2000 in honour of a distinguished alumnus. The school provides an MBA program that prepares technical professionals for leadership in business.

• Location: Mumbai

• Program: MBA

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 10

• IIRF Ranking 2025: G-10

• Accreditations: - 

• Entrance Exams Accepted: CAT 

• Fees: ₹20.37 Lakhs

• Average Package: ₹28.01 Lakhs per annum

• Electives: Accounting & Finance, Economics & Strategy, General Management, Organisational Behaviour & HRM, Information Technology, International Business, Marketing, Operations Management and Quantitative Techniques

• Other Programs Offered: MBA, Inter-Disciplinary Dual Degree Program ( IDDDP ) in Management and Joint EMBA Programme

12. IIM Rohtak - Indian Institute of Management, Rohtak 

IIM Rohtak set up in 2009 is a relatively new IIM and has established itself as a quality benchmark for management education in India in a very short period. Acclaimed as an institution of national importance under the IIM Act, 2017 it is situated in NCR only 90 minutes away from Delhi airport with a 200-acre state-of-the-art campus. The institute emphasises building future leaders through robust academics, research and industry-aligned programmes.

• Location: Rohtak 

• Program: PGP/MBA 

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 12

• IIRF Ranking 2025: G-14

• Accreditations: AMBA, NBA 

• Entrance Exams Accepted: CAT 

• Fees: ₹19.42 Lakhs

• Average Package: ₹18.73 Lakhs per annum

• Electives: Economic & Public Policy, Financial & Accounting Management, OB & Human Resource Management, Management Information Systems, Marketing & Strategy Management, Operations Management and Quantitative Techniques

• Other Programs Offered: PGP, Doctorate Program in Management (DPM), Integrated Programme in Management (IPM), Executive Post Graduate Diploma In Sports Management -(ePGDSM), PGPx

13. IIM Raipur - Indian Institute of Management, Raipur

Founded by the Ministry of Education in 2010 IIM Raipur is located in the capital of Chhattisgarh one of India's rapidly expanding states. The institute intends to create ethical and socially oriented leaders who can be successful in business as well as help in nation-building. Its 200-acre campus at Atal Nagar has a mix of contemporary infrastructure along with regional culture.

• Location: Raipur 

• Program: PGP

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 14

• IIRF Ranking 2025: G-13

• Accreditations: AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹15.62 Lakhs

• Average Package: ₹18.15 Lakhs per annum

• Electives: Finance, Human Resource Management, IT and Operations, Marketing, Strategy and General Management

• Other Programs Offered: PGP, MBA in Public Policy and Governance, Executive Master of Business Administration (eMBA) - Blended, Executive Postgraduate Programme in Management (Blended), Ph.D and Executive Ph.D

14. IIFT Delhi - Indian Institute of Foreign Trade, Delhi

IIFT Delhi was established in 1963 under the Ministry of Commerce & Industry is a premier institute dealing with international business and trade. It was granted the status of a Deemed University in 2002 and achieved NAAC 'A' grade and AACSB accreditation making it one of the top B-schools globally.

• Location: Delhi 

• Program: MBA in International Business

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 15

• IIRF Ranking 2025: P-11

• Accreditations: NAAC, AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹21.82 Lakhs 

• Average Package: ₹27.30 Lakhs per annum

• Electives: General Management and Strategy, Quantitative Techniques & Operations Management, IT, Finance, Marketing, International Trade Operations & Logistics, HR

• Other Programs Offered: PhD, MBA in International Business, MBA in Business Analytics, MBA-IB (online), MA Economics, MBA-IB (weekend), PGDM-IB (weekend), PGDM-HRM (weekend) etc. 

15. IIT Madras - Indian Institute of Technology, Madras

• Location: Madras 

• Program: MBA 

• QS Global MBA Ranking 2025: -

• FT Global MBA Ranking 2025: -

• NIRF Ranking 2024: 16

• IIRF Ranking 2025: G-19

• Accreditations: AMBA, NBA 

• Entrance Exams Accepted: CAT 

• Fees: ₹8.07 Lakhs

• Average Package: ₹16.93 Lakhs per annum

• Electives: Finance, Integrative Management, HR & OB, Marketing, Operations and Information Systems

• Other Programs Offered: MBA, Executive MBA and PGPEX-VLM

16. IIM Ranchi - Indian Institute of Management, Ranchi 

IIM Ranchi established in 2009 is a rapidly expanding B-school with a reputation for academics, placements and a state-of-the-art campus in Ranchi with a satellite campus at Hyderabad for executive programs. It offers an MBA, specialised MBAs in HRM and Business Analytics, an Integrated Programme in Management and doctoral courses.

The institute is actively involved with industry in terms of executive and certificate programs while encouraging student development through clubs, committees and interaction with experts. With its emphasis on research, social responsibility and international perspective, IIM Ranchi is one of India's top management institutes.

• Location: Ranchi 

• Program: MBA 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: 17

• IIRF Ranking 2025: G-20

• Accreditations: AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹20.33 Lakhs

• Average Package: ₹19.24 Lakhs per annum

• Electives: Finance & Accounting, Economics, Information Systems & Business Analytics, Marketing, Operations Management, Organisational Behaviour & Human Resource Management, Strategy & Entrepreneurship, Liberal Arts & Sciences 

• Other Programs Offered: MBA, MBA-HR, MBA-BA, Executive MBA, Ph.D, Executive Ph.D, (BBA-MBA)

17. IIT Roorkee - Indian Institute of Technology, Roorkee

In 1949 it became the first autonomous university in newly independent India and in 2001 was renamed IIT Roorkee. About 4,500 students are enrolled in the institute's 19 engineering, scientific, humanities, social science and management departments.

• Location: Roorkee 

• Program: MBA 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: 18 

• IIRF Ranking 2025: G-29

• Accreditations: -

• Entrance Exams Accepted: CAT 

• Fees: ₹9.74 Lakhs

• Average Package: ₹18.30 Lakhs per annum

• Electives: Finance, Marketing, Operations, Information Systems and Human Resource Management

• Other Programs Offered: MBA and Executive MBA 

18. IIT Kharagpur - Indian Institute of Technology, Kharagpur 

It was the first IIT business school established in 1993 at IIT Kharagpur. Famed for combining technology with management it has programs like MBA, Executive MBA, Doctoral, Dual Degree in Financial Engineering and the novel PGDBA with ISI Kolkata and IIM Calcutta. With the support of IIT Kharagpur's robust resources, VGSoM remains engaged in research, consultancy and industry interface. It is ranked among India's leading B-schools year after year.

• Location: Kharagpur 

• Program: MBA 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: 19

• IIRF Ranking 2025: G-12

• Accreditations: - 

• Entrance Exams Accepted: CAT 

• Fees: ₹11.75 Lakhs 

• Average Package: ₹22.75 Lakhs per annum

• Electives: General Management, Finance, Economics and Strategy, Business Analytics & Information Science, Marketing, Organisational Behaviour, Operations

• Other Programs Offered: MBA, PGDBA

19. IIM Udaipur - Indian Institute of Management, Udaipur

With international recognition and AACSB certification IIM Udaipur is a quickly growing B-school.  It is the youngest institution to be ranked in FT and QS MIM Rankings for six consecutive years and is 4th among all institutions in India in management research. Providing MBA, GSCM, DEM, Executive MBA and PhD courses it blends robust academics, research and placements to become an up-and-coming top management institute.

• Location: Udaipur 

• Program: MBA 

• QS Global MBA Ranking 2025: 201-250

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: 22

• IIRF Ranking 2025: G-21 

• Accreditations: AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹22.33 Lakhs

• Average Package: ₹14.15 Lakhs per annum

• Electives: Business Policy and Strategy, Communication, Economics, Finance and Accounting, Marketing, Operations Management, Quantitative Methods and Information Systems, Organisational Behaviour and Human Resources

• Other Programs Offered: MBA, MBA in Global Supply Chain Management (GSCM), MBA in Digital Enterprise Management (DEM), Postgraduate Diploma in Business Administration for working executives, Executive MBA, Ph.D, Executive Ph.D, Mahatma Gandhi National Fellowship and Summer Program in Management (SPM)

20.IIM Kashipur - Indian Institute of Management, Kashipur 

IIM Kashipur set up in 2011 near Jim Corbett National Park is among the newer IIMs known for innovation, research and leadership. It offers MBA, MBA (Analytics), Executive MBA, PhD and executive programs with specialisations in Finance, Marketing, HR, Operations, Strategy and more. Ranked 23rd in NIRF 2024 and accredited by AACSB the institute accepts CAT scores for admission. The MBA fee is ₹21.00 lakhs and the average package stands at ₹30.09 LPA.

• Location: Kashipur 

• Program: MBA 

• QS Global MBA Ranking 2025: - 

• FT Global MBA Ranking 2025: - 

• NIRF Ranking 2024: 23

• IIRF Ranking 2025: G-26

• Accreditations: AACSB

• Entrance Exams Accepted: CAT 

• Fees: ₹21.00 Lakhs

• Average Package: ₹30.09 Lakhs per annum

• Electives: Communications, Economics, Finance, Information Systems, Marketing, OB & HR, Operations and Decision Sciences, Strategy 

• Other Programs Offered: MBA, MBA (Analytics), Executive MBA, Executive MBA(Analytics), Ph.D, Executive Ph.D and Executive Post Graduate Diploma in Business Management (EPGDBM)