Top Private MBA Colleges in India: NIRF Ranking, Fees, Specialisations Offered, Exams Accepted

MBA courses are exceptionally popular in India among candidates who want to pursue higher education in management studies. There are a lot of management colleges (both government and private) in this country that provide top-notch education, world-class facilities, and outstanding placement opportunities to the students.

There are over 50 private MBA colleges in India where students can enroll themselves, pursue management studies, and fulfill their dream of getting MBA degrees. This article discusses top private colleges that offer MBA degrees, their NIRF ranking, fee structure, specialization offered by those institutes, and required entrance exams.

What factors candidates must consider before choosing a private MBA college in India?

To achieve an MBA degree, a candidate requires a lot of study, hard work, and dedication. Considering the fees of this degree program, it is one of India's most expensive education programs. Hence, candidates seeking admission to an MBA course in one of the top private MBA institutes must consider all the factors. Those deciding factors are mentioned as follows.

Ranking of the Institute

Ranking the institute offering an MBA degree is crucial when selecting a top private institute in India. Several organizations rank different institutes offering MBA programs according to their overall standards in India. The National Institute of Ranking Framework (NIRF) is one of the authentic organizations among the other ranking organizations. Hence, before shortlisting top private institutes for admission in an MBA program, aspirants must consider the NIRF ranking of that institute.

Reputation of the Institute

The reputation of an institution that offers management programs matters a lot. An institution that offers management programs must have a very good reputation among the students, experts, and in the industry. A good reputation of an MBA institute helps to grow the candidates in their respective professional fields. They not only help in providing exciting placement opportunities but also help the students to build their network in the industry. Hence, they will excel once they enter the professional field.

Quality of Education of the Institute

The quality of education in any institute is one of the most crucial factors that every student must consider. Usually, top-tier private institutes in India for an MBA program maintain world-class education standards. Aspirants looking to enroll themselves in a management institute in a particular MBA degree program must research on the internet about the education standard of that institute.

Fee structure of the Institute

Aspirants must keep in mind that an MBA program is always an expensive education program. In a particular institute, different MBA degree programs might have different fees. There are a lot of candidates who may not have the financial freedom to pursue an MBA degree program from a top-tier private institute due to the expensive fee structure. Hence, aspirants must research the fee structure of their preferred institutes before their application procedure.

Placement Opportunities Offered

Placement opportunities are also important for any aspirant who wants to pursue an MBA degree in a top private institute in India. Placement opportunities of an institute will be measured in terms of the number of organizations participating in the placement drive, the number of packages offered to the students, etc. Candidates need to track the placement record for at least the past five years of the private MBA institutes. Candidates can find those details on the official website of those institutes and those are also available on the internet.

Facilities and Infrastructure of the Institute

Facilities available on the campus and infrastructure are equally important for any private institute offering MBA courses. When an institute has a really good infrastructure and offers world-class facilities, students will be more attracted to join those institutes. Hence, candidates must research the facilities offered by those institutes before selecting any institute.

Specialization Offered by the Institute

There are a lot of top private institutes in this country that provide MBA degree programs. However, all the institutes do not provide all the specializations. Candidates need to go to the official websites of each institute and check for the list of specializations they are offering. Therefore, candidates must be aware that their preferred specialization is available in their shortlisted institutes. 

Required Entrance Exam

To get admitted to any MBA program in a top-tier private management institute, candidates need to pass an entrance exam. There are some common entrances (state-level and national-level) available in this country for admission into different management programs such as CAT, GMAT, XAT, etc. Apart from those common entrance exams, there are also some entrance exams conducted by some institutes. Hence, candidates should make sure the required entrance exams for a particular specialization for admission to any top private institute in an MBA degree program.

Also Read: IIM Lucknow Shortlist 2025

Details of the Top Private MBA Colleges in India according to NIFR Ranking

XLRI - Xavier School of Management

• NIRF Ranking: 9
• Average Fees: Rs. 14 to 28 Lakhs
• Specializations Offered: Business Management, Supply Chain Management & Logistics, Human Resource Management, and General Management 
• Exams Accepted: Xavier Entrance Test (XAT), GMAT, GRE, GATE

Management Development Institute (MDI), Gurgaon

• NIRF Ranking: 11
• Average Fees: Rs. 5 to 30 Lakhs
• Specializations Offered: International Business, Business Analytics, Human Resource Management, Business Administration
• Exams Accepted: CAT, GMAT, GRE, CMAT, ATMA, XAT

Symbiosis Institute of Business Management, Pune

• NIRF Ranking: 13
• Average Fees: Rs. 17 to 24 Lakhs
• Specializations Offered: Marketing Human Resource Management, Finance, Operations Management, Data Analytics, and Operations & Supply Chain Management
• Exams Accepted: Symbiosis National Aptitude Test (SNAP)

S.P. Jain Institute of Management and Research, Mumbai

• NIRF Ranking: 20
• Average Fees: Rs. 10 to 25 Lakhs
• Specializations Offered: Finance, Information Management, Marketing and Operations
• Exams Accepted: CAT, GMAT, GRE, SPJAT (SP Jain Aptitude Test)

NMIMS: SVKM's Narsee Monjee Institute of Management Studies

• NIRF Ranking: 21
• Average Fees: Rs. 6 to 24 Lakhs
• Specializations Offered: Human Resource Management, Pharmaceutical Management, Business Analytics, Healthcare Management, Real Estate Management, Marketing Management, Business Management, Financial Management, Operations Management, Data Science
• Exams Accepted: NMIMS CET, NMAT, GPAT, NMIMS - NPAT

Amity University, Noida

• NIRF Ranking: 29
• Average Fees: Rs. 7 to 27 Lakhs
• Specializations Offered: MBA in Agriculture & Food Business, MBA in Biotechnology Management, MBA in Banking, MBA in Financial Services and Insurance, MBA in Business Intelligence & Data Analytics, MBA in Business Analytics, MBA in Design Thinking, MBA in Digital Marketing, MBA in Entrepreneurship, MBA in Fashion Management, MBA in Finance, MBA in Hospitality Management, MBA in Human Resource, MBA in International Business, MBA in International Business with Artificial Intelligence, MBA in Logistics & Supply Chain Management, MBA in Marketing & Sales, MBA in Media Management, MBA in Natural Resource & Sustainable Development, MBA in Supply Chain Analytics and Management.
• Exams Accepted: CAT, MAT, XAT, CMAT, NMAT, GMAT, GRE

MICA

• NIRF Ranking: 32
• Average Fees: Rs. 20 to 26 Lakhs
• Specializations Offered: Strategic Brand Management, Entertainment Management, Advertising and Brand Management, Media-Tech Entertainment and Sports Management, Data Science and Business Analytics, Digital Communications Management
• Exams Accepted: CAT, XAT, GMAT

Great Lakes Institute of Management, Chennai

• NIRF Ranking: 34
• Average Fees: Rs. 14 to 22 Lakhs
• Specializations Offered: Marketing, Finance, Strategy, IT/ Operations & Analytics, Analytics, Data Science, Consulting, and Product Management & Analytics
• Exams Accepted: CAT, XAT, GMAT, NMAT

Chandigarh University (CU), Chandigarh

• NIRF Ranking: 36
• Average Fees: Rs. 2 to 10 Lakhs
• Specializations Offered: MBA-FinTech, MBA-Digital Marketing, MBA-Entrepreneurship, MBA-Human Resource Management, MBA-Marketing, MBA-International Business, MBA-Finance
• Exams Accepted: Chandigarh University Common Entrance Test (CUCET)

Goa Institute of Management

• NIRF Ranking: 37
• Average Fees: Rs. 6 to 20 Lakhs
• Specializations Offered: General MBA, Healthcare Management, Big Data Analytics, Banking, Finance & Insurance, International Double Degree in Analytics
• Exams Accepted: CAT, XAT, CMAT, GMAT, MAT

Also Read: IIM Selection Criteria 2025

LPU - Lovely Professional University

• NIRF Ranking: 38
• Average Fees: Rs. 3 to 10 Lakhs
• Specializations Offered: Agribusiness Management, Artificial Intelligence, Machine Learning and Analytics, Auditing and Taxation, Banking and Financial Services, Blockchain, Digital Marketing, E-Commerce, Finance, Energy and Environment
• Exams Accepted: LPUNEST (Lovely Professional University National Entrance and Scholarship Test), CAT, MAT, XAT, CMAT, NMAT

IFHE Hyderabad - ICFAI Foundation For Higher Education

• NIRF Ranking: 41
• Average Fees: Rs. 2 to 16 Lakhs
• Specializations Offered: Human Resource Management, Operations Management, Marketing Management, Business Communication, and Economics for Business
• Exams Accepted: CAT, GMAT, NMAT, IBSAT, and TSICET

International Management Institute, New Delhi

• NIRF Ranking: 40
• Average Fees: Rs. 12 to 24 Lakhs
• Specializations Offered: General, Human Resource Management, Banking and Financial Services (B&FS)
• Exams Accepted: CAT, XAT, GMAT, CMAT, MAT, and ATMA

UPES, Dehradun

• NIRF Ranking: 41
• Average Fees: Rs. 12 to 24 Lakhs
• Specializations Offered: MBA in Power Management, MBA in Operations Management, MBA in Oil and Gas Management, MBA in Financial Management, MBA in International Business, MBA in Logistics and Supply Chain Management, MBA in Aviation Management, MBA in Metaverse and Web 3.0, MBA in Strategy and Consulting, MBA Global Program
• Exams Accepted: UPESMET, CAT, XAT, GMAT, and CMAT

XIM University

• NIRF Ranking: 43
• Average Fees: Rs. 13 to 20 Lakhs
• Specializations Offered: Business Management, Human Resource Management, Rural Management, Sustainability Management, Urban Management & Governance, Business Finance
• Exams Accepted: CAT, XAT, GMAT, X-GMT, and NMAT

There are a lot of important factors while selecting top private institutes offering MBA courses to the students. Quality of education, infrastructure, facilities available inside the campus, placement opportunities, etc. are some of the most important factors. Apart from that, students must consider the fee structure and requirements of the entrance exam before the application procedure. Students need to do their research before selecting any private institute offering an MBA degree course.

Also Read: Top Tier 1 MBA Colleges in India 2024