Top MBA Colleges in Kolkata, Fees, Cut Off, Average Package

MBA Colleges in Kolkata: Kolkata, India's cultural and intellectual capital, is regarded not only for its rich legacy, but also as a major educational hub. For MBA candidates, the city has a number of prestigious institutions that offer a mix of academic rigour, industry exposure, and job chances. The best MBA institutions in Kolkata are well-known for their management education excellence, strong placement records, and comprehensive programmes designed to suit the ever-changing demands of business.

Among these universities, the Indian Institute of Management Calcutta (IIM Calcutta) stands out as a top pick, thanks to its excellent professors, cutting-edge facilities, and great placement rates. Other significant colleges include the Xavier School of Management (XLRI) Kolkata campus, the Indian Institute of Foreign Trade (IIFT) Kolkata, and the International Management Institute (IMI) Kolkata, each with distinct strengths and specialisations.

This article looks into the specifics of these top PGDM colleges, including average packages, cost structures, cutoffs, and which entry exams they accept. Whether you want a good return on investment, industry connections, or a complete learning experience, this guide will help you make an informed decision about where to study your MBA in Kolkata.

Top MBA Colleges in Kolkata

1. IIM Calcutta

Established in 1961, the Indian Institute of Management Calcutta is one of India's finest MBA Colleges. It has routinely placed among the best business schools in the country and is well-known for its tough academic programme and excellent placement rates.

IIM Calcutta is the first management institute in the country to be Triple Crowned – to be accredited by AACSB, AMBA and EQUIS, i.e., accredited by all the three major accreditation agencies in the world for management education.

The average package at IIM Calcutta for the 2021-2023 batch was approximately INR 35.07 LPA (Lakhs Per Annum). The highest domestic package offered was around INR 1.15 CPA (Crore Per Annum), and the highest international package touched INR 94.82 LPA.

The fee for the flagship MBA program at IIM Calcutta is around INR 27 lakhs for the entire course.

IIM Calcutta is amongst the best institutes in the country, ranked #4 by the NIRF in 2023. The institution is amongst the toughest to get into. IIM Calcutta only accepts CAT exam scores and the cutoffs go extremely high, close to 99.7%ile.

2. Indian Institute of Foreign Trade (IIFT) Kolkata

IIFT Kolkata is a prestigious institution that specialises in international business. It provides a rigorous MBA programme that focuses on international trade and business processes.The IIFT campus in Kolkata is regarded as one of the best in the eastern region of the country. The campus, which covers 7 acres, includes one academic and administrative block, as well as two residential blocks for students and visiting staff. MBA (International Business) courses are offered at the Kolkata campus, as well as a Weekend programme. Both of these courses are also offered at the New Delhi campus.

The average package for the 2022-2023 batch at IIFT Kolkata was around INR 29.1 LPA. The highest package offered reached INR 76.5 LPA. The Highest International CTC reached 84.5LPA. There was a 16% increase in Average CTC.

The total fee for the MBA (International Business) program at IIFT Kolkata is around INR 21 Lakhs.

IIFT has now started accepting CAT as its entrance exam and has totally done away with its in-house IIFT exam. The percentile for the exam is in the higher tranches where  98%ile can be considered a safe score.

Also Read, Best MBA Specializations In India

3. International Management Institute (IMI) Kolkata

IMI Kolkata, established in 2010, is part of the IMI group of institutions. It offers a globally-oriented curriculum and has strong corporate connections for placements and internships.

The average package for the 2021-2023 batch was around INR 10.45 LPA. The highest package offered was INR 14 LPA. The median and the mean package are very close which indicates the absence of artificially high statistics.

The total fee for the MBA program at IMI Kolkata is around INR 13.68 lakhs. This is just the tutiton fee and other expenses, that is, non-accomodation expenses. If one is to include the charges for accommodation, the total fee for the program would be around 16Lakhs. This is purely indicative and can be lower (or higher) based on your preferences.

The college accepts a wide variety of entrance exams. These include the CAT, XAT, GMAT and CMAT.

4. International School of Business & Media Kolkata (ISB&M;):

ISB&M; offers 2 years full time Career – Oriented dual specialization PGDM programme, approved by AICTE in Marketing, Finance, HR, IRM SCOM ( only for Engineers), Media & Communication, Business Analytics. The average package for the 2021-2023 batch was around INR 10.8 LPA. The highest package offered was INR 18 LPA

5. IBS Kolkata:

IBS Kolkata, part of the acclaimed ICFAI Business School network, is well-known for its vibrant MBA programme. IBS Kolkata was founded with the goal of offering high-quality management education. It blends rigorous academics with practical experience. The college provides cutting-edge infrastructure, talented staff, and a strong curriculum aimed at developing future business leaders. Students benefit from strong industry links, a broad academic experience, and outstanding placement assistance.

The Kolkata branch of IBS saw 99% placements. The average CTC for the same was INR 7.41LPA. The highest national CTC went 8.50 CTC.

The fees at IBS is fairly reasonable. The fees for their PGPM Program (2024 – 2026) is INR 9.09 lakhs.