Looking for the top private MBA colleges in India? Check here for colleges based on NIRF ranking, fee structure, salary packages and much more.
There are numerous colleges in India, but to find the best colleges, one should look for the list of top private MBA colleges in India 2023. With over 30+ specializations offered by higher education institutions in India, one must understand their options well to make the right choice.
During an MBA program, students are required to pick an elective course in certain domains such as Marketing, Finance, Human Resources, etc. By the end of the program, the student is awarded an MBA with a specialization in that particular area.
List of Top Private MBA Colleges in India 2023
An MBA degree opens up a world of opportunities to excel professionally. Here is a list of institutions with top NIRF rankings offering MBA programs with guaranteed quality education and learning experience.
Also Read on MBA Admission
XLRI-Xavier School of Management
Xavier Labour Relation Institute, located in Jamshedpur and established in 1949, ranks 46th in the NIRF Ranking 2023 among prestigious business schools. The university has been one of the most known choices for MBA aspirants for a long time. It provides a 100% placement guarantee and enables students to step into the business world with confidence. The courses offered at the university are Executive Diploma, Fellowship program, Post Graduate Certificate, and Post Graduate Diploma In Management [PGDM].
Read More: XLRI Jamshedpur
Management Development Institute, [MDI]
Established in the year 1973 as an autonomous institute and located in Gurgaon, Management Development Institute offers various courses in Management. Ranked 13th by NIRF Ranking, It is one of the pioneers in providing high-quality education in management studies. MDI is one of the top B-Schools offering PG programs of Management accredited by the All India Council for Technical Education. It is also awarded an 'A' grade by the National Board of Accreditation and by the South Asian Quality Standards [SAQS] and the Association of MBAs [AMBA]. The PG courses offered by MDI are Fellowship program, National Management program, Post Graduate Diploma In Management [PGDM] {Executive}, Post Graduate program, and Post Graduate program in Management [PGPM].
Read More: MDI Gurgaon
SP Jain Institute of Management and Research, [SPJIMR]
Located in Mumbai and established in 1981, SPJIMR is a well-recognized university both nationally and internationally. The business school is ranked in 20th position by NIRF ranking 2023. It adopts the latest teaching methods and blends classroom and non-classroom experience for the students. Affiliated to the University of Bombay and approved by the All India Council for Technical Education, the university has several international recognitions like The Association of MBAs in the UK and the Association to Advance Collegiate Schools of Business in the USA. The PG courses offered by the university include Certificate Course, Global Management program [GMP], Post Graduate Certificate, Post Graduate Diploma In Management [PGDM], and Post Graduate program.
Read More: SP Jain Institute
Symbiosis Institute of Business Management, [SIBM]
Among the top private MBA colleges in India, Symbiosis Institute of Business Management is a very well-known private institute located in Pune with a good reputation for quality education. SIBM is a constituent of Symbiosis International University and was established in 1978. The university is known to promote creativity and entrepreneurship in students. The University Grant Commission is approved by the National Assessment and Accreditation Council as 'A' Grade and National Institutional Research Framework (NIRF). The NIRF Ranking 2023 positions this business school on 17 among many other renowned universities. The courses offered include the Master of Business Administration [MBA], Post Graduate Certificate, and Postgraduate Diploma.
Read More: SIBM Pune
Narsee Monjee Institute of Management Studies, [NMIMS]
One of Mumbai's and the country's well-known universities is NMIMS offering courses in various fields. It is a Deemed-to-be-University offering postgraduate programs for 35 years. Established in 1981, the university is UGC, AICTE, COA, PCI, BCI, and NIRF approved and accredited by NBA and NAAC-A. It ranks in the 21st position in the NIRF 2023 ranking among top universities and business schools. The university offers two years of full-time Master's courses, which include Masters of Business Administration [MBA], Executive MBA [EMBA], Post Graduate Certificate in Business Management [PGBM], and Post Graduate Certificate program in Management [PGCPM].
Read More: NMIMS Mumbai
Great Lakes Institute of Management, [GLIM]
Approved by the All India Council for Technical Education [AICTE] and accredited by the National Board of Accreditation [NBA], South Asian Quality Assurance System [SAQS], and Association of MBAs [AMBA] London, UK, GLIM was established in 2004 by Dr Bala V. Balachandran. The B-school ranks 31st in the NIRF 2023 ranking list of top MBA colleges in India. GLIM has great infrastructural facilities and offers both online and classroom study facilities. Courses like the Executive program and Post Graduate program are offered in this business school.
Read More: Great Lakes Institute of Management
ICFAI Business School, [IBS]
ICFAI Business School, Hyderabad is a part of the ICFAI Higher Education Foundation (IFHE); the business school is deemed compliant with the UGC Act 1956. The school was re-accredited by SAQS (South Asian Quality Standards), top graded by CRISIL, ICRA EB2 IN, and Eduniversal as one of the top business schools. The ICFAI Admissions process is quite simple with an exceptional academic reputation, with the MBA being the flagship program. It is ranked 40th on the NIRF 2023 ranking board. The courses offered are Executive MBA, Master of Business Administration [MBA], and Post Graduate program.
Read More: IBS Hyderabad
Amity University
Ranked 35th by NIRF ranking 2023, Amity University Noida aims to offer students transparent education through its holistically outlined programs. In addition to its lush surroundings, the university offers top-notch educational programs in engineering, science, technology, and humanities. Over 1,50,000 students study at the institute, India's leading education group. The institute offers special workshops on personal grooming, business etiquette, negotiation skills, and effective communication.
Read More: Amity University
TA Pai Management Institute, [TAPMI]
Ranked 42nd by NIRF ranking 2023, TAPMI was established 38 years ago by the late Shri. T.A. Pai. In the beginning, the PGDM course started with only 49 students. It has now emerged successfully as one of the premier B-Schools in the country. It is the second B-School in the country to get an International accreditation from [AACSB]. In the year 2001, the NAAC also accredited this institute with the "Five stars" grade. Courses offered include Post Graduate Diploma In Management [PGDM], PGDM in Banking and Financial Services, PGDM in Human Resources, and PGDM in Marketing and Sales.
Read More: TAPMI Manipal
Xavier Institute of Management, [XIM]
Xavier Institute of Management Bhubaneswar was established in 1987 as a contract between the Odisha Jesuit Society and the Government of Odisha. It is the flagship B-School affiliated with Xavier University. Among top private MBA colleges in India, XIM is highly recognized for its contribution to education. The NIRF 2023 ranking is 46th. The PG courses include Executive MBA, Master of Business Administration [MBA], Master of Business Administration [MBA] + Master of Science [MS], as well as Master of Science [M.Sc].
Admission Process
The Admission process for MBA in India is different for different colleges, but the structure remains the same. Students first have to fill the entrance exam form for the college they want to go to, and then there is an exam related to Mathematics, Logical Reasoning and English. Then students receive their mark sheets, and the topmost students are invited for group discussion, extempore, Personal interview, and aptitude test time. After these rounds, students are selected on some criteria which is different for all the colleges.
NIRF Ranking in India
Under the Ministry of HRD, the Government of India - NIRF (National Institutional Ranking Framework) sets rankings for Institutions based on their overall performance in that year. The latest NIRF Ranking was released online on June 05, 2023. The NIRF MBA Ranking 2023 has been announced after assessing the higher educational institutes on various parameters,
- Teaching, Learning and Resources (TLR)
- Research, Professional Practice & Collaborative Performance (RPC)
- Graduation Outcome (GO)
- Outreach and Inclusivity
- Perception (PR)
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