India’s Top MBA Colleges 2025

Updated on September 2, 2025 Written By Wasia Zaidi

India’s Top MBA Colleges 2025

India's leading MBA schools such as IIMs, ISB, XLRI, FMS and SPJIMR are renowned for academic rigour, excellent industry connections and superior placements. These institutions provide the best management programs, international exposure and an alumni base to mould business future leaders.

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India is home to some of the best MBA schools which are renowned for their academic excellence, heavy industry connections and high rates of placement. The top management education is provided by these institutes and they enable students to develop excellent leadership and business acumen. Several of the top colleges including the IIMs in Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode and Indore as well as FMS Delhi, SPJIMR Mumbai, XLRI Jamshedpur, JBIMS Mumbai, MDI Gurgaon and ISB Hyderabad are renowned for their high calibre of education, exposure to the world and practically orientated learning.
These colleges recruit the finest faculty provide a vast array of specialisations and help one gain access to good alumni networks and top recruiters. Thousands of students try to get admission to these institutes each year to launch their careers in the corporate and business sectors. Here is a list of top MBA colleges of India 2025 so the candidate can make the informed decision where they enrol in their dream management college.

1. Indian Institute of Management Ahmedabad- IIMA

Situated in Ahmedabad, Gujarat it is renowned worldwide for excellence in education and leadership in management. IIMA provides postgraduate programs in management and agribusiness, doctoral fellowships and executive education. The institution was established with funding from the Indian government, the Gujarat government, Harvard Business School and business leaders such as Vikram Sarabhai, Kasturbhai Lalbhai and Ravi J. Matthai. It was ranked the top B-school in India by the NIRF in 2024.

Location: Ahmedabad
Program Name: Postgraduate Program in Management (PGP/MBA)
Rankings: QS Global MBA Ranking 2025 - 60, FT Global MBA Ranking 2025 - 31, NIRF Ranking 2024 - 1, IIRF Ranking 2025 - G-1
Approvals: MoE, GOI
Accreditations: EQUIS
Fees: ₹26.50 Lakhs
Entrance Exam: CAT
Average Package: ₹34.45 Lakhs per annum

2. Indian Institute of Management Bangalore- IIMB

IIM Bangalore is one of Asia’s leading business schools. In Bengaluru it provides MBA, Business Analytics, Executive MBA, Public Policy and a new online BBA in Digital Business. With a faculty of more than 100 and over 1,200+ students, IIMB couples academic intensity with industry experience. It encourages innovation with collaborations with Goldman Sachs, NITI Aayog and others and is recognised for its international collaborations, research and digital learning through edX and SWAYAM. The institute possesses an EQUIS accreditation.

Location: Bengaluru
Program Name: Post Graduate Program in Management (PGP)
Rankings: QS Global MBA Ranking 2025 - 53, FT Global MBA Ranking 2025 - 57, NIRF Ranking 2024 - 2, IIRF Ranking 2025 - G-3
Approvals: MoE, GOI
Accreditations: EQUIS
Fees: ₹28.10 Lakhs
Entrance Exam: CAT
Average Package: ₹34.88 Lakhs per annum

3. Indian Institute of Management Calcutta- IIMC

A two-year fulltime MBA, executive MBA, PGDBA and PhD programs are among the offerings of the Indian Institute of Management Calcutta. IIM Calcutta is the sole Indian member of the CEMS Global Alliance for Management Education and the first Indian business school to be accredited by the highly esteemed Triple Crown.

Location: Calcutta
Program Name: Master of Business Administration (MBA)
Rankings: QS Global MBA Ranking 2025: 65, FT Global MBA Ranking 2025: 61, NIRF Ranking 2024: 5, IIRF Ranking 2025: G-3
Approvals: MoE, GOI
Accreditations: EQUIS, AMBA, AACSB
Fees: ₹27.00 Lakhs
Entrance Exam: CAT
Average Package: ₹35.07 Lakhs per annum

4. Faculty of Management Studies, Delhi

Renowned for its demanding academics, industry connections and alumni network FMS offers MBA and management programs that marry theory with practice. It started with a part-time program for working professionals and today has a range of full-time and executive programs. FMS also partners with the best institutions and industries in India and internationally and is a founding member of AMDISA enhancing regional collaboration in management education.

Location: Delhi
Program Name: Master of Business Administration (MBA)
Rankings: IIRF Ranking 2025 - G-2
Approvals: UGC, AICTE
Accreditations: NAAC
Fees: ₹2.29 Lakhs
Entrance Exam: CAT
Average Package: ₹34.1 Lakhs per annum

5. Indian Institute of Management Lucknow- IIML

IIM Lucknow came into being in 1984 and is among India's finest management schools. It aims to equip students with skills to become good managers and moral leaders of high values. The campus is at Lucknow a culturally famous city and spans 190 acres of greenery. IIM Lucknow was also the first IIM to create a satellite campus to offer executive education in Noida during the year 2005. The institute concentrates on quality education, research and ethical leadership in order to enable students to make a positive impact in India and globally.

Location: Lucknow
Program Name: Post Graduate Program in Management (PGP)
Rankings: QS Global MBA Ranking 2025: 201 - 250, FT Global MBA Ranking 2025: 71, NIRF Ranking 2024: 7, IIRF Ranking 2025: G-4
Approvals: MoE, GOI
Accreditations: AMBA
Fees: ₹20.75 Lakhs
Entrance Exam: CAT
Average Package: ₹32.00 Lakhs per annum

6. S.P. Jain Institute of Management and Research- SPJIMR

Mumbai has S. P. Jain Institute of Business and Research a business school established in 1981. It is celebrated for its faculty excellence, social responsibility and values focus. SPJIMR is part of Bharatiya Vidya Bhavan an old and respected Indian educational trust.
The institute offers numerous management courses and has received global recognition due to its quality.
It possesses the elite "Triple Crown" of international accreditation bodies AACSB, AMBA and EQUIS placing it in the list of the world's top 1% business schools.

Location: Mumbai
Program Name: Post Graduate Diploma in Management (PGDM)
Rankings: QS Global MBA Ranking 2025 -, FT Global MBA Ranking 2025 -, NIRF Ranking 2024 - 20, IIRF Ranking 2025 - P-1.
Approvals: AICTE
Accreditations: AACSB, AMBA, EQUIS, NBA
Fees: ₹22.50 Lakhs
Entrance Exam: CAT
Average Package: ₹32.10 Lakhs per annum

7. Xavier School of Management- XLRI Jamshedpur

Renowned for its values and drive for excellence, XLRI Jamshepur has the best programs in HR, Business Management and Executive Education. XLRI strives to produce socially responsible leaders who perpetually work towards improvement and change for the better.

Location: Jamshedpur
Program Name: Post Graduate Diploma in Human Resource Management (PGDM-HRM) & Post Graduate Diploma in Business Management (PGDM-BM)
Rankings: QS Global MBA Ranking 2025 - 201-250, FT Global MBA Ranking 2025 - 83, NIRF Ranking 2024 - 9, IIRF Ranking 2025 - P-2.
Approvals: AICTE
Accreditations: AACSB
Fees: ₹30.6 Lakhs
Entrance Exam: XAT
Average Package: ₹31.08 Lakhs per annum

8. Indian Institute of Management Kozhikode- IIMK

Established in the year 1996 innovative and academically driven IIMK provides MBA, Executive MBA, PhD and other management courses. IIMK was the first IIM to encourage gender diversity and is renowned for integrating management with humanities.
The institute also maintains foreign collaborations, a satellite campus in Kochi and offers online courses. It is ranked extremely well in India and the world and holds accreditations such as AMBA and EQUIS. IIMK also houses India's first business museum and fosters startups with its IIMK LIVE incubation centre.

Location: Kozhikode
Program Name: Post Graduate Program in Management (PGP)
Rankings: QS Global MBA Ranking 2025 - 151-200, FT Global MBA Ranking 2025 - 86, NIRF Ranking 2024 - 3, IIRF Ranking 2025 - G-7.
Approvals: MoE, GOI
Accreditations: EQUIS, AMBA, AACSB
Fees: ₹23.50 Lakhs
Entrance Exam: CAT
Average Package: ₹28.05 Lakhs per annum

9. Indian Institute of Management Indore- IIMI

One of India's premier business schools IIM Lucknow was established in the year 1984. It aims to develop students into capable managers as well as moral leaders of high standards. The campus is in Lucknow, a city well known for culture and spans 190 acres of green fields. IIM Lucknow was also the first IIM to have a satellite campus offering executive education in Noida in 2005. The institute is committed to quality education, research and ethical leadership in order to enable students to make a difference in India as well as globally.

Location: Indore
Program Name: Post Graduate Program in Management (PGP)
Rankings: QS Global MBA Ranking 2025 - 201 - 250, FT Global MBA Ranking 2025 - 69, NIRF Ranking 2024 - 7, IIRF Ranking 2025 - G-4
Approvals: MoE, GOI
Accreditations: EQUIS, AMBA, AACSB
Fees: ₹21.17 Lakhs
Entrance Exam: CAT
Average Package: ₹25.68 Lakhs per annum

10. Jamnalal Bajaj Institute of Management Studies- JBIMS

Incepted in 1965 by the University of Mumbai, JBIMS initiated the nation's first full-time MMS course. Based in Mumbai JBIMS has good industry connections and visiting faculty from leading organisations. The institute provides full-time as well as part-time management courses that assist students in gaining practical exposure and experience in order to perform in the business arena.

Location: Mumbai
Program Name: Master of Management Studies (MMS)
Rankings: QS Global MBA Ranking 2025 - , FT Global MBA Ranking 2025 - , NIRF Ranking 2024 - , IIRF Ranking 2025 - P-6
Approvals: AICTE
Accreditations: NAAC
Fees: ₹6.00 - ₹7.00 Lakhs
Entrance Exam: CAT
Average Package: ₹28.02 Lakhs per annum

11. Management Development Institute- MDI Gurgaon

Founded in 1973 the Management Development Institute is situated in Gurgaon near New Delhi and it is renowned for its robust academic programmes, veteran faculty and close industry interface.
MDI provides full-time MBA programs, executive education & doctoral programs. The campus is state-of-the-art and equipped offering a satisfactory learning environment and growth. MDI is also renowned for its international orientation with student exchange agreements with numerous international universities.
MDI has earned a strong reputation over the years for developing business leaders and professionals with excellent placement records and strong alumni backing.

Location: Gurugram
Program Name: Post Graduate Diploma in Management (PGDM)
Rankings: QS Global MBA Ranking 2025 - 251+, FT Global MBA Ranking 2025 -, NIRF Ranking 2024 -11, IIRF Ranking 2025 - P-3
Approvals: AICTE
Accreditations: AMBA, AACSB
Fees: ₹25.99 Lakhs
Entrance Exam: CAT
Average Package: ₹25.6 Lakhs per annum

12. Indian School of Business- ISB

ISB was founded with investments from well-known names like McKinsey & Company and world B-school leaders like Wharton, Kellogg and London Business School.
ISB is famous for its one-year Post Graduate Programme in Management which is extremely popular with working professionals. Executive education and doctoral courses are also offered by the school.
ISB possesses world-class faculty, good industry relationships and a global focus. It has a focus on leadership, innovation and entrepreneurship. Great numbers of students from ISB secure jobs in leading firms in India and other countries.

Location: Hyderabad
Program Name: Post Graduate Program (PGP)
Rankings: QS Global MBA Ranking 2025 - 86, FT Global MBA Ranking 2025 - 27, NIRF Ranking 2024 - , IIRF Ranking 2025 -
Approvals: -
Accreditations: EQUIS, AMBA, AACSB
Fees: ₹42.51 Lakhs
Entrance Exam: GMAT/GRE
Average Package: -

FAQs

Why is SPJIMR a well-known management school?

SPJIMR Mumbai is famous for value-based education, societal impact and prestigious international rankings. It is Triple Crown accredited AACSB, AMBA, EQUIS and among India's best B-schools.

Why is XLRI Jamshedpur an excellent private B-school?

XLRI known as the oldest management institute of India founded in 1949. It is highly respected for its popular Human Resource program and valuable Jesuit education focusing on ethics and social responsibility.

What sets IIM Kozhikode apart?

IIM Kozhikode boasts a stunning campus in Kerala and is one of India's fastest-growing IIMs. It is well-reputed for innovation, diversity and top global rankings such as QS and FT. It also encourages women in management.

What sets ISB apart from other MBA schools?

ISB provides a one-year, world-class MBA to professionals. It features international tie-ups, global faculty and two campuses Hyderabad & Mohali. ISB is best suited for mid-career managers.

India’s Top MBA Colleges 2025