The Indian Institute of Management Ahmedabad, IIM Kozhikode, IIT Delhi, XLRI are some of the top Tier 1 MBA Colleges in India 2024. Students with required CAT, XAT, CMAT exam scores and percentile can apply for admissions in these colleges.
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India has more than 5500 MBA colleges, all of which provide MBA courses. However, very few of them provide quality education, great placement rates, and international exposure with facilities and infrastructure, such as IIM Ahmedabad, IIM Kozhikode, IIT Delhi, and XLRI, which are ranked to be the top Tier 1 MBA Colleges in India 2024.
These institutes have superior rankings from NIRF, IIRF Business Today, and other sources, such as IIM Ahmedabad with NIRF Ranking at 1, IIM Bangalore at 2, and likewise. The NIRF Ranking of the top colleges has been listed below. These Tier 1 MBA colleges are well-known for providing high-quality management education that combines theoretical understanding with practical application.
Admissions to these top colleges are done based on entrance exams like CAT, XAT, MAT, SNAP, etc. It also includes group discussions, personal interviews, and a WAT (Written Assessment Test) exam.
List of Tier 1 MBA Colleges in India 2024
The tier 1 management colleges in India provide best-in-class facilities and comprehensive education using advanced technologies. The Tier 1 MBA Colleges in India 2024 have a proven record of placements in top companies.
The list of Tier 1 B schools in India 2024 is given below.
| NIRF Ranking 2024 | College Name | Average Fees |
| 1 | IIM Ahmedabad | INR 18.19 Lakh |
| 2 | IIM Bangalore | INR 24.50 Lakh |
| 3 | IIM Kozhikode | INR 27 Lakh |
| 4 | Indian Institute of Technology Delhi | INR 23.80 Lakh |
| 5 | Indian Institute of Management Calcutta | INR 21.14 Lakh |
| 6 | Indian Institute of Management Mumbai | INR 20.50 Lakh |
| 7 | Indian Institute of Management Lucknow | INR 2 Lakh |
| 9 | XLRI Jamshedpur | INR 12.90 Lakh |
| 10 | Indian Institute of Technology Bombay | INR 16.2 Lakh |
| 11 | MDI Gurgaon | INR 24.16 Lakh |
| 12 | Indian Institute of Management Rohtak | INR 23 Lakh |
| 13 | Symbiosis Institute of Business Management | INR 4.9 Lakh |
Read More: NIRF Management Ranking 2024
Placements Offered by Tier 1 Management Colleges in India 2024
The MBA placements 2024 are comparatively higher in IIM and top management colleges. The highest recorded MBA package is that of IIM Ahmedabad ranging up to INR 61.48 LPA.
The table below provides the details minimum and maximum salary packages of the top MBA colleges in India 2024.
| MBA Institute Name | MBA Highest Salary (Approx) | MBA Average Salary (Approx in LPA) |
| IIM Ahmedabad | 1.14 Cr (International) | 36.2 LPA |
| IIM Bangalore | 85 LPA (Domestic) | 35.3 LPA |
| IIM Kozhikode | 67.02 LPA (International) | 31.02 LPA |
| Indian Institute of Technology Delhi | 2 Cr (International) | 23.9 LPA |
| IIM Calcutta | 1.25 Cr (International) | 36.2 LPA |
| IIM Mumbai (IIM Indore) | 70 LPA (International) | 27.6 LPA |
| IIM Lucknow | 65 LPA (International) | 32.2 LPA |
| XLRI Jamshedpur | 78.2 LPA (International) | 32.7 LPA |
| Indian Institute of Technology Bombay | 1.2 Cr (International) | 25.9 LPA |
| MDI Gurgaon | 60 LPA (International) | 27.67 LPA |
| IIM Rohtak | 36 LPA (International) | 18.7 LPA |
| Symbiosis Institute of Business Management | 35 LPA | 23.85 LPA |
Read More: CAT 2024 Frequently Asked Questions (FAQs)
Top Recruiters at Tier 1 MBA Colleges in India 2024
MBA Tier 1 Colleges in India 2024 provide placements at the top companies with lucrative packages. The table for the same is given below.
| MBA Field | Hiring Company |
| Consulting Firms | McKinsey & Company |
| Boston Consulting Group (BCG) | |
| Bain & Company | |
| Accenture Strategy | |
| Deloitte | |
| Investment Banks & Financial Services | Goldman Sachs |
| JP Morgan Chase & Co. | |
| Morgan Stanley | |
| Deutsche Bank | |
| HDFC Bank | |
| Tech Companies | Amazon |
| Microsoft | |
| Facebook (Meta) | |
| Adobe | |
| E-Commerce & Startups | Flipkart |
| Myntra | |
| Ola | |
| Paytm | |
| Swiggy | |
| Byju's | |
| FMCG & Retail | Hindustan Unilever Limited (HUL) |
| Procter & Gamble (P&G) | |
| ITC | |
| Nestlé | |
| Johnson & Johnson | |
| Conglomerates & Manufacturing | Tata Group |
| Reliance Industries | |
| Larsen & Toubro (L&T) | |
| Aditya Birla Group | |
| Godrej Group | |
| Private Equity & Venture Capital | Blackstone |
| Sequoia Capital | |
| TPG Capital | |
| Matrix Partners | |
| KKR |
Tier 1 MBA Colleges Eligibility Criteria 2024
The admission process for all tier 1 MBA colleges in India is similar. The eligibility criteria for admission are listed below.
- Candidates must have a minimum of 50% obtained from their undergraduate from a recognized university.
- Candidates must attend the CAT (Common Admission Test), and students with the highest percentiles are preferred for admission.
- The candidates are then shortlisted and called for different rounds, such as Personal Interview (PI), Group Discussion (GD), and Counselling.
- Candidates who clear all rounds will be enrolled for the post-graduate programs in tier 1 MBA colleges.
Also Check: Top Tier 3 MBA Colleges in India 2024
Key Differences Between Tier 1 MBA Colleges and Other Business Schools
Candidates can check out the main differences between MBA Tier 1 colleges and other business schools.
- Tier 1 business schools provide international exposure to the students. They have partnered and collaborated with various international institutes to provide quality learning.
- One major difference students can see in the placements is not only the stats of placements are higher but the recruiters also reputed. In this institute, some of the biggest organisations come to hire future managers, CEO, MDs and team leads.
- Tier 1 Management Institute also has a premium infrastructure, better college life, qualified faculty, best education and research facilities.
- This institute focuses on entrepreneurship capabilities and provides various opportunities, networking and platforms to promote their startups. In national and international level rankings such as NIRF, IIRF, and QS MBA Rankings these institutes always rank at the top.
- Instead of focusing just on placements, these institutes help their students develop skills, knowledge, and networking.
- These institutes currently focus on sustainable development and solutions. They teach pupils how to discover environmentally friendly solutions.
Check This: MBA Colleges With Low Fees and Without CAT Exam
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