Top 20 MBA Colleges in India 2025: Which MBA college in India gives the best return on investment? This is the most common question among aspirants every year. With so many options, comparing fees, average packages, and cutoff scores becomes essential. A good MBA colleges should offer strong placements, moderate fees, and consistent academic quality. This blog lists the top 20 MBA colleges in India, sorted by their reputation, fee structures, entrance exam criteria, and placement packages. Separate lists also cover affordable MBA colleges and those offering the highest ROI.
Top 20 MBA Colleges in India 2025
This list includes India’s most reputed B-schools based on popularity, rankings, and placement outcomes. Students should take note of the IIMs and non IIM colleges about their Cutoffs. The cutoffs mentioned below do not claim to be the actual overall cutoffs. The official overall cutoffs are around 85 percentile for the top IIMs. But students need to score much higher then the overall percentile. For top IIM colleges it is generally 99+
| College Name | Entrance Exam | Percentile Cutoff |
| IIM Ahmedabad | CAT | 99+ |
| IIM Bangalore | CAT | 99+ |
| IIM Calcutta | CAT | 99+ |
| FMS Delhi | CAT | 99+ |
| IIM Lucknow | CAT | 99+ |
| IIM Kozhikode | CAT | 99+ |
| SPJIMR Mumbai | CAT, GMAT | 85+ |
| IIM Indore | CAT | 98+ |
| IIM Mumbai | CAT | 98+ |
| ISB Hyderabad | CAT/GMAT/GRE | 98.5+ |
| JBIMS Mumbai | CAT, MAH-CET, CMAT | 99.9+ |
| IIT Delhi | CAT | 90+ |
| IIT Bombay | CAT | 90+ |
| IIM Shillong | CAT & GMAT | 98.5+ |
| MDI Gurgaon | CAT/GMAT/XAT | 97+ |
| IIFT Delhi | CAT | 98+ |
| IIM Udaipur | CAT/GMAT/GRE | 95+ |
| IIM Trichy | CAT | 95+ |
| IIM Raipur | CAT | 94+ |
| IIM Kashipur | CAT | 95+ |
These institutes consistently maintain high selection standards and competitive cutoff scores.
Also Read, Top 30 MBA Colleges In India 2025, Average Package, Fees
Top 20 MBA Colleges with Fees and Average Package
This table highlights the tuition fee and average placement package offered by the top colleges.
| College Name | MBA Fee (INR) | Average Package (INR) |
| IIM Ahmedabad | 26.5 Lakhs | 34.45 LPA |
| IIM Bangalore | 26.5 Lakhs | 34.88 LPA |
| IIM Calcutta | 27 Lakhs | 34.23 LPA |
| FMS Delhi | 2.32 Lakhs | 34.1 LPA |
| IIM Lucknow | 21.75 Lakhs | 32.3 LPA |
| IIM Kozhikode | 22.5 Lakhs | 28.05 LPA |
| SPJIMR Mumbai | 21.5 Lakhs | 32 LPA |
| IIM Indore | 21.17 Lakhs | 25.68 LPA |
| IIM Mumbai | 21 Lakhs | 25.4 LPA |
| ISB Hyderabad | 33 Lakhs | 34.2 LPA |
| JBIMS Mumbai | 6.10 Lakhs | 26.12 LPA |
| IIT Delhi | 12 Lakhs | 25.82 LPA |
| SJMSOM IIT Bombay | 15.15 Lakhs | 28.01 LPA |
| IIM Shillong | 26.18 Lakhs | 26.10 LPA |
| MDI Gurgaon | 25.99 Lakhs | 25.6 LPA |
| IIFT Delhi | 21.82 Lakhs | 27.30 LPA |
| IIM Udaipur | 21.24 Lakhs | 18.77 LPA |
| IIM Trichy | 21 Lakhs | 19.43 LPA |
| IIM Raipur | 18 Lakhs | 18.15 LPA |
| IIM Kashipur | 17.30 Lakhs | 15.04 LPA |
Top IIMs and IIT colleges offer strong placement outcomes relative to their program fees.
Also Read, Government MBA Colleges In India 2025, Placements, Fees
Best MBA Colleges in India with Low Fees
These colleges offer top education at affordable fees while also maintaining strong placement records. Generally, IIMs has higher fee but there are some non-IIMs which offer MBA at a significantly lower amount than IIMs. It leads to higher ROI overall.
| College Name | MBA Fee (INR) | Highest Package (INR) |
| FMS Delhi | 2.32 Lakhs | 1.23 CR |
| JBIMS Mumbai | 6.10 Lakhs | 87.12 LPA |
| IIT Delhi | 12 Lakhs | 41.13 LPA |
| SJMSOM IIT Bombay | 15.15 Lakhs | 72.0 LPA |
| IIM Kashipur | 17.30 Lakhs | 29.86 LPA |
| IIM Raipur | 18 Lakhs | 42.29 LPA |
| IIM Trichy | 21 Lakhs | 43.69 LPA |
| IIM Udaipur | 21.24 Lakhs | 47.66 LPA |
| IIFT Delhi | 21.82 Lakhs | 75.6 LPA |
| SPJIMR Mumbai | 21.5 Lakhs | 89 LPA |
Affordable B-schools can still deliver strong placements with proper preparation and industry connect.
Also Read, MBA Fees In India 2025, Top MBA Colleges With Course Fees
Top MBA Colleges in India with Highest ROI
Return on investment is calculated by dividing the highest CTC by the total fee. It is one of the biggest factors that aspirants consider before joining the B school. Because joining a b school comes with a lot of investment and one has to be cautious about where they are investing that amount of money.
| College Name | Fee (INR) | Highest Package (INR) | ROI (Highest CTC / Fee) |
| FMS Delhi | 2.32 Lakhs | 1.23 CR | 53x |
| JBIMS Mumbai | 6.10 Lakhs | 87.12 LPA | 14.2x |
| IIM Ahmedabad | 26.5 Lakhs | 1.46 CR | 5.5x |
| IIM Calcutta | 27 Lakhs | 1.45 CR | 5.37x |
| IIM Lucknow | 21.75 Lakhs | 1.23 CR | 5.65x |
| IIM Indore | 21.17 Lakhs | 1 CR | 4.72x |
| IIFT Delhi | 21.82 Lakhs | 75.6 LPA | 3.46x |
| SPJIMR Mumbai | 21.5 Lakhs | 89 LPA | 4.13x |
| SJMSOM IIT Bombay | 15.15 Lakhs | 72.0 LPA | 4.75x |
| IIT Delhi | 12 Lakhs | 41.13 LPA | 3.42x |
FMS Delhi leads ROI rankings due to its low fee and premium placement outcomes.
Also Read, MBA Placements 2025, MBA Colleges With 100% Placements
Top 20 MBA Colleges in India 2025: Conclusion
Top MBA colleges in India offer a mix of affordability, strong alumni networks, and career outcomes. For budget-focused candidates, FMS Delhi, JBIMS, and IITs provide excellent ROI. For those targeting international packages and broader exposure, IIMs and ISB stand out. Selecting the right college depends on personal goals, financial planning, and preparation strategy.
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