Top Tier 3 MBA Colleges in India 2024 - Colleges List, Fees, Rankings & Placement

Tier 3 MBA colleges in India include Amity University, Balaji Institute of Modern Management, and Jaipur Institute of Management. These management colleges are a good choice for MBA students who are failing to get admission to tier 1 and tier 2 MBA colleges in India due to eligibility requirements or financial constraints. 

There are various advantages to pursuing an MBA and other management courses at tier 3 MBA colleges, including lower educational expenses, less competition, and eased qualifying standards.

List of Top Tier 3 MBA Colleges in India 2024

The Top Tier 3 MBA colleges make a good group. They are still great places to learn and build a career. Make an informed decision before signing up. Some of the colleges on this list have great ROIs. Following mentioned is a list of top tier 3 MBA colleges in India:

NIRF Ranking 2024	College Name	Courses
3	JMI New Delhi	MBA, PGDM
11	KIIT	MBA
20	CU Mohali	MBA
23	IIM Kashipur	MBA, PGDM
27	LPU	MBA
29	TIET Patiala	MBA, PGDM
31	IIM Nagpur	MBA, PGP, PGDM
35	IMT Ghaziabad	MBA
37	GIM Goa	MBA, PGDM
40	KLEFU Guntur	MBA
46	XIMU Bhubaneswar	MBA, PGDM
48	BIMT Greater Noida	MBA
58	TAPMI Manipal	MBA
63	FSM New Delhi	MBA
72	BMLMU Gurgaon	MBA

1. IIM Kashipur

Indian Institute of Management (IIM), Kashipur was established in 2011 as one of the second-generation Indian Institutes of Management. In much the same way as the other IIMs, the college is a public institution governed by the IIM coordination forum. It is known for its postgraduate and doctoral management programmes, which are open to those with and without work experience.

Particulars	Details
Average Package	INR 10 LPA- INR 37 LPA
Hiring Companies	Accenture Technology, Acuvate, Amazon, AMNS, Axis Bank

2. Koneru Lakshmaiah Education Foundation University

In 2009, the UGC, MHRD, Government of India declared Koneru Lakshmaiah University Guntur a deemed university. The university's mission is to assist the citizens of India and the world by developing leaders who are equipped to enhance the present and future generations through excellence in teaching, research, applying knowledge, presenting value, spurring creativity, inflaming innovation, and developing new ideas.

Particulars	Details
Average Package	INR 4.5 LPA-INR 58 LPA
Hiring Companies	Deloitte, Accenture, Wipro, Cognizant, Capgimini

3. Jamia Millia Islamia

Jamia Millia Islamia University, located in New Delhi, was initially established at Aligarh in the United Provinces in 1920. Jamia Millia Islamia offers Undergraduate, Postgraduate, Diploma, and Distance Learning Education for students. The institution has lot of history and is famous for its rich culture and elegance. It is one of the highly ranked top tier 3 MBA colleges in India for students to pursue their higher education. 

Particulars	Details
Average Package	INR 8 LPA-INR 25 LPA
Hiring Companies	Volvo Eicher, Honda Cars India, TCS, Blue Star Ltd, Rivigo

4. XIM University Bhubaneswar

Xavier University Bhubaneswar was established to create academic excellence. With expert guidance, the institution offers a range of training programs. In science and management, the institution provides postgraduate courses. In addition, the university offers students with Career Advisory Services, guiding them to their preferred job.

Particulars	Details
Average Package	INR 10 LPA-INR 30 LPA
Hiring Companies	ICICI Bank, Accenture, Tata Electronics, Cognizant, Capgimini

5. Goa Institute of Management

In 1993, Fr. Konrad Goa founded the Goa Institute of Management. A rented classroom holds Romuald D'Souza's class of 60 students and six faculty members. The college provides high-quality management education. In addition, the institute is involved in several international collaboration and exchange programmes. GIM is one of the top tier 3 MBA colleges in India with exemplary placements.

Particulars	Details
Average Package	INR 6 LPA- INR 29 LPA
Hiring Companies	Deloitte, Accenture, Wipro, Cognizant, Capgimini

6. Pai Management Institute Manipal

Manipal's TA Pai Management Institute (TAPMI) was founded in 1980. TAPMI is one of only seven institutes in India and only 5% of the world's best business schools accredited by the prestigious Association to Advance Collegiate Schools of Business (AACSB). However, the institute is more than a business school; it is a centre of business excellence with more than 30 years of academic, research, and executive education expertise.

Particulars	Details
Average Package	INR 8 LPA-INR 33 LPA
Hiring Companies	Idea Cellular, Aditya Birla Sunlife, IMRB International, Amazon, Infosys

7. Chandigarh University

The Punjab State Legislature established Chandigarh University (CU) in 2012, and the university is based in Mohali, Punjab. Chandigarh University's vision is to become a global leader in innovation, research, and entrepreneurship while producing future professional leaders who contribute to society.

Particulars	Details
Average Package	INR 4 LPA-INR 28 LPA
Hiring Companies	Flipkart, Amazon, Infosys, Microsoft, Accenture

8. IIM Nagpur

Indian Institute of Management Nagpur was established in 2015 under the mentorship of IIM Ahmedabad. IIM Nagpur aims to create global managers and entrepreneurs with fundamental solid business concepts and analytical approaches to achieve the best in anything.

Particulars	Details
Average Package	INR 16 LPA-INR 38 LPA
Hiring Companies	BNY Mellon, Aditya Birla Capital, ICICI Bank, Adani, Coca-Cola

9. IMT Ghaziabad

IMT Ghaziabad is an autonomous institution that was established in the year 1980. It is one of India's optimal institutes. Through its experimental mastering program, IMT Ghaziabad seeks to improve scholars' academic performance. Additionally, the institute s/upports scholar exchanges in which a scholar can visit one of the fifty-nine countries with which it has a partnership.

Particulars	Details
Average Package	INR 17 LPA-INR 65 LPA
Hiring Companies	Flipkart, Amazon, Infosys, Microsoft, Accenture

10. Lovely Professional University

The Lovely Professional University in Jalandhar has a 600-acre campus that is ultra-modern. Under the Punjab State Private University system, it is one of the best universities in India. As a research centre of excellence, the university is positioned to become one of the best in the country. It has an internationally benchmarked curriculum, innovative pedagogy, and experiential learning for its students worldwide.

Particulars	Details
Average Package	INR 2.5 LPA- INR 35 LPA
Hiring Companies	BYJUs, Capgimini, CEES, Ciel, Amazon

11. Thapar Institute of Engineering and Technology

Thapar Institute of Engineering and Technology Punjab was founded in 1950 and is among the country's oldest and pinnacle engineering schools. TIET Punjab envisions constructing a society that focuses on boosting studies, studying, and improving the community. Therefore, TIET Punjab gives aspirants a wide variety of courses to impart professional and certified engineers to India and the world.

Particulars	Details
Average Package	INR 4.50 LPA-INR 22 LPA
Hiring Companies	Accenture India Private Limited, Adda247, Addverb Technologies Private Limited, Accruent, Cognizant

12. BML Munjal University

The University Grants Commission approves the BML Munjal University (UGC), is recognized by the Bar Council of India (BCI) and is a member of the Association of Indian Universities (AIU). BML Munjal University offers undergraduate, postgraduate, and doctorate-level engineering, management, commerce, law, and economics.

Particulars	Details
Average Package	INR 8.77 LPA- INR 25 LPA
Hiring Companies	TVS, Hyundai, S&P Global, Axis Bank, Wipro

13. Birla Institute of Management Technology

Established in 1988, the Birla Institute of Management Technology, Noida, is an institution of higher education in management. As a result of its accreditation from the National Board of Accreditation and the National Assessment & Accreditation Council, the All India Council of Technical Education approves the college. The school offers postgraduate diploma programs in management with different specializations, an executive postgraduate diploma in management, and doctoral programs.

Particulars	Details
Average Package	INR 6 LPA-INR 22 LPA
Hiring Companies	Kantar, Marsh McLennan, Wildcraft, Yamaha Motors, Euromonitor

14. Fore School of Management New Delhi

The Fore School of Management is private in association with GGSIPU, New Delhi. It offers admission to programmes such as the two-year full-time PGDM, the PGDM - International Business (PGDM-IB), the PGDM - Financial Management (PGDM-FM), the PGDM - Big Data Analytics, and the 15-month PGDM Executive programme.

Particulars	Details
Average Package	INR 16 LPA-INR 70 LPA
Hiring Companies	Torrent Power, Toshbro Medicals, UCO Bank, Union Bank of India, Thomson Digital

15. Kalinga Institute of Industrial Technology Bhubaneswar

Kalinga Institute of Industrial Technology is a private university founded in 1992 by Dr Achyuta Samanta. KIIT is one of the top-ranked private universities in India, which UGC and NIRF recognize. KIIT University Bhubaneswar offers medicine, biotechnology, law, computer application, management, and engineering courses. By India's NIRF, Kalinga University, Bhubaneswar, is ranked 24th among Indian Universities.

Particulars	Details
Average Package	INR 7 LPA-INR 20 LPA
Hiring Companies	Asian paints, Nestle, TCS, Samsung, Khimji Ramdas LLC

Top Tier 3 MBA Colleges Entrance Exam with Percentile

The students will have to learn about the entrance exams to crack the stipulated percentile to get into these colleges. Check out the table given below to get an idea about the same.  

NIRF	College Name	Entrance Exam with Percentile
23	IIM Kashipur	CAT: 80 percentile
27	KLEFU Guntur	CAT: 90 percentile, CMAT: 187 marks
29	JMI New Delhi	MAT: 80 percentile, CMAT: 140 marks
35	XIMU Bhubaneswar	XAT: 85 percentile
36	GIM Goa	CAT: 90 percentile
		CMAT: 198 percentile
		XAT: 76.48 percentile
38	TAPMI Manipal	CAT: 80 percentile
		GMAT: 650 marks
		XAT: 80 percentile
40	CU Mohali	MAT: 87 percentile
43	IIM Nagpur	CAT: 90 percentile
44	IMT Ghaziabad	MAT: 87 percentile
47	LPU	MAT: 79 percentile
53	TIET Patiala	CAT: 62 percentile
54	BMLMU Gurgaon	CAT: 61.45 percentile, MAT: 72 percentile
56	BIMT Greater Noida	CAT: 65 percentile
60	FSM New Delhi	CAT: 87.25 percentile
-	KIIT	MAT: 75 percentile

Did You Check?: NMAT Marking Scheme

Top Tier 3 MBA Colleges in India 2024 Eligibility Criteria

The Top Tier 3 MBA colleges in India have eligibility criteria which are simply a first step in the admissions process. The following are the prerequisites to enrol in tier 3 MBA colleges in India:

• The candidate must have successfully finished and passed the required entrance examination.
• Candidates must have a bachelor's degree from a UGC-approved college.
• The latest qualifying exam should have a 55- 60% minimum aggregate mark.

Check This: NMAT Normalisation Process

Admission Process for Top MBA Tier 3 Colleges in India 2024 

Most colleges offer direct admission based on work experience or bachelor's/diploma degree grades; however, only a few universities provide an entrance examination, followed by merit screening. A step-by-step procedure for admission to top tier 3 MBA colleges in India is outlined below:

1. After meeting the eligibility requirements, candidates must apply for the provided admission examination.
2. The institute will announce the results and cut them off after completing the admission exam.
3. The preliminary final merit list is produced following the exam cut-off, including shortlisted candidates asked for document verification if admission is granted.
4. Candidates can also apply for merit-based admission based on their bachelor's degree grades.
5. Candidates with a higher percentage or aggregate score and those who rank higher on the merit list will be given preference.
6. Similarly, candidates would be admitted after document verification and a brief interview session.

Also Read: NMAT Score vs Percentile

Tier 3 MBA Colleges 2024: Accepted Entrance Exams

Tier 3 MBA programs are offered to applicants depending on the scores they received in their individual MBA admission exams. Candidates can learn about the top entrance exams approved by Tier 3 MBA universities for MBA admission.

• CAT
• MAT
• XAT
• SNAP
• CMAT
• MAH CET

MBA Specializations Offered By Top Tier 3 MBA Colleges 

Candidates can have a look at the top specializations offered by tier 3 MBA colleges in India.

• MBA Marketing
• MBA Finance
• MBA in International Business
• MBA in HR
• MBA in Logistics and Supply Chain Management
• MBA in Business Analytics
• MBA in Hospitality Management
• MBA in Hotel Management