Are you looking forward to enhancing your career in the field of Business Management? Or are you aiming to achieve a competitive edge in the corporate world? An MBA degree opens up a world of opportunities to excel professionally. An MBA/PGDM degree gives numerous opportunities and specializations to choose from and achieve in-depth knowledge in a particular area. 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. Some of the common MBA Specializations are in Finance, Human Resources Management, Information Technology, Logistics Management, Marketing Management, Business Management, Rural Management, Event Management, etc.

Top Private MBA Colleges in India

NIRF Ranking in India 2020:

Under the Ministry of HRD, Government of India - NIRF (National Institutional Ranking Framework) sets ranking for Institutions based on their overall performance in that year. The 2020 NIRF Ranking was released online on June 11, 2020. The NIRF MBA Ranking 2020 has been announced after assessing the higher educational institutes on various parameters like learning and resources, teaching, research and professional practices, graduation outcomes, outreach, and inclusivity.

List of Top Private MBA Colleges in India:

Here is a list of institutions with top NIRF Ranking offering MBA programs with guaranteed quality education and learning experience:

Top Private MBA Colleges in India in Detail 2020:

  • XLRI-Xavier School of Management: Xavier Labour Relation Institute located in Jamshedpur and established in 1949 ranks 9th in the NIRF Ranking 2020 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 Programme, Post Graduate Certificate, and Post Graduate Diploma In Management [PGDM].

Eligibility Criteria: The candidates interested in getting admission in the XLRI MBA program must clear XAT or GMAT exam with a decent score and perform well in the interview rounds. The candidate should also have passed their Bachelor’s degree with a minimum score of 50% from any recognized university. To get enrolled in the program, the candidate must have at least 5 years of relevant experience working in a public, private, or government organization. 

Average Package and Fee Structure: XLRI offers an MBA program with approximately 23,00,000 INR. The average package shoots to around 22,00,000 INR with top companies hiring on campus from various industries.

Eligibility Criteria: The candidates interested in getting admission in the MDI MBA program must clear GMAT, CAT, or MDI Test exam with a decent score and perform well in the interview rounds. The candidate should also have passed their Bachelor’s degree with a minimum score of 50% from any recognized university. To get enrolled in the program, the candidate must have at least 5 years of relevant experience working in a public, private, or government organization. Depending on the program chosen, the candidate requirement for having a working experience can be decreased up to a minimum of 1 year.

Average Package and Fee Structure: XLRI offers an MBA program with approximately 20,00,000 INR. The average package at MDI shoots to around 20,00,000 INR after the completion of a PG program.  

  • 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 18th position by NIRF ranking 2020. 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 U.K and the Association to Advance Collegiate Schools of Business in the USA. The PG courses offered by the university include Certificate Course, Global Management Programme [GMP], Post Graduate Certificate, Post Graduate Diploma In Management [PGDM], and Post Graduate Programme

Eligibility Criteria: The students who are interested in studying PG courses at SPJIMR, they must score well in entrance exams like XAT, GMAT or CAT. The student must have 3+ years of work experience before applying with an aggregate of 50% minimum in academics and excellent class 10 and 12 results. 

Average Package and Fee Structure: With top companies recruiting students holding a master's degree from SPJIMR, the average package is around 22,00,000 INR. The course fees for the student can shoot up to 18,00,000 INR. 

  •  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 when it comes to 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. Approved by the University Grant Commission, It is accredited by National Assessment and Accreditation Council as 'A' Grade and National Institutional Research Framework (NIRF) as well. The NIRF Ranking 2020 positions this business school on 22 among many other renowned universities. The courses offered include the Master of Business Administration [MBA], Post Graduate Certificate, and Postgraduate Diploma

Eligibility Criteria: The business school conducts its entrance exam called SNAP. The admission is based on this exam along with a minimum aggregate of 50% from any recognized university or institution.

Average Package and Fee Structure: The fee for the PG courses is approximately 17,00,000 INR. The average package shoots up to 15,00,000 INR.  

  • 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 23rd in the NIRF 2020 ranking list of top MBA colleges in India. GLIM has great infrastructural facilities and offered both online and classroom study facilities. Courses like Executive Programme and Post Graduate Programme are offered in this business school. 

Eligibility Criteria: The students eligible for the Master's program at GLIM must score well in either of the following entrance exams - XAT, GMAT, CAT, or CMAT. The other criteria include an aggregate score of 50% in academics along with a minimum of 2 years of work experience in any private, public, or government company, and also their performance in the interview determines the admission success.

Average Package and Fee Structure: The courses are available for both international and national students. The fee for the courses is approximately 17,00,000 INR. The average package students receive is 10,00,000 INR. 

  • Narsee Monjee Institute of Management Studies, [NMIMS]: One of Mumbai’s as well as 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 as well as accredited by NBA and NAAC-A. It ranks in the 24th position in the NIRF 2020 ranking among top universities and business schools. The university offers 2 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 Programme in Management [PGCPM]. 

Eligibility Criteria: The business school conducts its entrance exam called NMAT by GMAC. The admission is based on this exam along with a minimum aggregate of 50% from any recognized university or institution.

Average Package and Fee Structure: The course fee differs based on the course opted. The fee for a full-time PG course is approximately 20,00,000 INR. The average package students receive is 15,00,000 INR. 

  • ICFAI Business School, [IBS]: ICFAI Business School, Hyderabad is a part of the ICFAI Higher Education Foundation (IFHE), the business school is deemed in compliance 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. With an exceptional academic reputation, the ICFAI Admissions process is quite simple with the MBA being the flagship program. It is ranked 27th on the NIRF 2020 ranking board. The courses offered are Executive MBA, Master of Business Administration [MBA] as well as Post Graduate Programme.

Eligibility Criteria: The students eligible for the Master's program at IBS must score well in either of the following entrance exams - XAT, GMAT, CAT, MAT, or NMAT. The other criteria include 15 years of previous education with a minimum of 2 years of work experience in any private, public, or government company.

Average Package and Fee Structure: The courses are available for both international and national students. The fee for the courses is approximately 14,00,000 INR. The average package students receive is 7,00,000 INR.  

  • TA Pai Management Institute, [TAPMI]: Ranked 27th by NIRF ranking 2020, TAPMI was established 38 years ago by 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.

Eligibility Criteria: The students eligible for the Master's program at GLIM must score well in either of the following entrance exams - XAT, GMAT, CAT, or CMAT. The other criteria include an aggregate score of 50% in academics and also their performance in the interview determines the admission success. Final year students are also eligible to apply for admission.

Average Package and Fee Structure: The fee for the courses depends on the course opted. The approximate fee is 15,00,000 INR. The average package students receive is 11,00,000 INR. 

  • International Management Institute, [IMI]: International Management Institute, New Delhi was established in 1981 to develop ethical, socially sensitive, value-adding leaders and organizations through relevant teaching, training, research, and consulting. IMI Delhi is India's first corporate sponsored business school. The Institution is accredited by the National Board of Accreditation [NBA] and Association of MBAs [AMBA] making it one of the top B-schools. All the courses are approved by All India Council for Technical Education [AICTE]. IMI Delhi also holds membership in the Association of Indian Universities [AIU]. The PG courses offered include Post Graduate Diploma In Management [PGDM] and Fellowship Programme

Eligibility Criteria: The students who are interested in studying PG courses at SPJIMR, they must score well in entrance exams like XAT, GMAT or CAT. The student must have more than 5 years of work experience before applying with an aggregate of 50% minimum in academics.

Average Package and Fee Structure: The approximate fee for the PG course is approximately 18,00,000 INR. The average package students receive is 13,00,000 INR.  

Eligibility Criteria: The XIMB admission is based on past academic records and the scores of competitive exams like XAT, GMAT, CAT, and X-GMT.  The student must have at least 3 years of work experience before applying with an aggregate of 55% minimum in academics.

Average Package and Fee Structure: The approximate fee for the PG course is approximately 20,00,000 INR. The average package students receive is 14,00,000 INR. 



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