Top 5 Private MBA Colleges In India [2024 List!]

Top 5 Private MBA Colleges In India [2024 List!]

MBA stands for Master of Business Administration, the most popular postgraduate course in India and abroad. Suppose you are considering attaining a master’s degree in business admission from a private college. In that case, you must go through this blog to get the relevant information about the MBA program: fees, eligibility criteria, placement records, and more.

Top private MBA colleges in India, according to NIRF Ranking, include Xavier School of Management (XLRI), Jamshedpur (Rank 9, fees: ₹20,85,000), Management Development Institute (MDI), Gurgaon (Rank 13, fees: ₹24,99,400), Symbiosis Institute of Business Management (SIBM), Pune (Rank 17, fees: ₹24,59,000), S.P. Jain Institute of Management & Research (SPJIMR), Mumbai (Rank 20, fees: ₹24,00,000), and Narsee Monjee Institute of Management Studies (NMIMS), Mumbai (Rank 22, fees: ₹22,20,000). Admission criteria generally require a bachelor’s degree with at least 50% marks and specific entrance exam scores such as XAT, CAT, GMAT, SNAP, or NMAT.

List of top private MBA colleges in India

According to the recent update, you can find a list of top-ranked private MBA colleges in India. Go through the same to learn more.

1.S.P. Jain Institute of Management and Research

S.P. Jain Institute, popularly known as the Shreyans Prasad Jain Institute of Management, is a non-profit private postgraduate management school in Mumbai, India. It tops the list of management institutes in India. The institute’s main motive is to influence managerial practice and the overall growth of students, organizations, leaders, and society as a whole.

S.P. Jain Institute of Management and Research is among the top management institutes in India

 

S.P. Jain Institute Average Fees INR 24,00,000
Eligibility Criteria  Candidates must have passed their bachelor’s degree with at least 50% marks and must have qualified for the GMAT or SPJIMR-SET score.
S.P. Jain Institute Placement rate The institute provides 100% placement to its candidates. The highest package of the top recruiters stood at INR 81 LPA, whereas the average package stood at INR 33 LPA.
Top recruiters The major recruiting firms of this institute include Amazon, Goldman Sachs, Axis, ITC, Deloitte, Flipkart, and more.

2.Xavier School of Management (XLRI), Jamshedpur

It is a private business school run by the Society of Jesus in Jamshedpur, Jharkhand, India. The institute was set up in 1949 in the steel city of Jamshedpur and is known to be one of the oldest business schools in India. Xavier School of Management provides different PG and other courses to students across Business management and various other streams.

Xavier School of Management (XLRI), Jamshedpur is the Business management school in India.

 

XLRI Average Fees INR 20,85,000
Eligibility Criteria  Candidates must have secured the minimum eligibility criteria of 50% marks in their bachelor’s degree and must have scored well in XAT/ GMAT examination.
XLRI Placement rate The institute offers 100% placement opportunities to its candidates. The highest package of the top recruiters stood at INR 78.2 LPA, whereas the average package stood at INR 32.7 LPA.
Top recruiters The top recruiting firms of this institute include P&G, Hindustan Unilever, ITC, Colgate Palmolive, and more.

3.Management Development Institute (MDI), Gurgaon

Management Business School is a private business school founded in 1973 by the Industrial Finance Corporation of India and situated in Gurgaon. It is home to prominent management programs in India. The management programs foster leadership, fresh thinking, and positive impact among the pursuing candidates. MDI provides a wide range of programs to both management and working executives.

Management Development Institute (MDI), Gurgaon

MDI Average Fees INR 24,99,400
Eligibility Criteria  Candidates must have secured the minimum eligibility criteria of 50% marks in their bachelor’s degree and have attained a valid score in the CAT/XAT/ GMAT examination.
MDI Placement rate The institute offers 100% placement opportunities to its candidates. The highest package of the top recruiters stood at INR 60 LPA, whereas the average package stood at INR 27.67 LPA.
Top recruiters The major recruiters of this institute comprise Amazon, Aditya Birla Group, Reliance Industries, Godrej, Accenture, and more.

4.Symbiosis Institute of Business Management (SIBM), Pune

SIBM Pune is a part of Symbiosis International (Deemed University), established in 1978. The institute provides postgraduate programs to students across leadership and strategy, management, and various other streams. It also specializes in offering online courses in the fields of marketing analysis, design thinking, and fundamentals of management.

Symbiosis Institute of Business Management (SIBM), Pune

SIBM Average Fees INR 24,59,000
Eligibility Criteria  Candidates must have attained a minimum qualifying percentage of 50% marks in their bachelor’s degree and have secured a qualifying score in the SNAP entrance examination.
SIBM Placement rate The institute provides 100% placement to its graduates. The highest package of the top recruiters stood at INR 35.05 LPA, whereas the average package stood at INR 26.77 LPA.
Top recruiters The major recruiters of this institute comprise automotive, BFSI Consulting, FMCG/FMCD, and more.

5.Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

It is one of the top private institutes in India and provides bachelor’s programs. The institute was established in 1981 in the city of Mumbai, Maharashtra. It offers various Undergraduate and postgraduate courses to candidates in specialized fields. Admission to the MBA at NMIMS is done through NMAT, followed by WAT and a personal interview.

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

NMIMS Average Fees INR 22,20,000
Eligibility Criteria  Candidates must have passed bachelor’s degree with at least 50% marks and have secured a qualifying score in the NMAT entrance examination.
NMIMS Placement rate The institute provides 99% placement to its graduates. The highest package of the top recruiters stood at INR 20.8 LPA, whereas the average package stood at INR 6 LPA.
Top recruiters The prominent recruiters of this institute include Aditya Birla Capital, Goldman Sachs, Crisil, and more.

 

Frequently Asked Questions

Which private MBA college gives best placement?

Xavier School of Management (XLRI) provides the best placement opportunities to its candidates. Not only this, the institute is also known for its well-experienced faculty members and academic curriculum.

Can I do MBA without CAT?

Yes, you can join the MBA without appearing for the CAT examination. Various top colleges provide direct admission to their institute. However, the institute conducts its management admission tests.

Which is the best private MBA college in India?

Among all other top-ranked MBA institutes, XLRI is India’s best private MBA college, with a good placement record.

Who earns the highest MBA package?

Financial analysis is a good stream that provides a broader scope for MBA graduates. The average salary of the candidate can start from INR 4 LPA and reach up to INR 10.3 LPA.

Which is the average fees of private MBA college?

The average fees of the private MBA college lie somewhere between INR 20,000 and INR 40 lakhs. However, the average fees differ from one institute to the other.

 

Conclusion

This information would be beneficial for you in searching for the best private MBA college in India, according to the information above. If you still have further queries or doubts regarding fees, placement opportunities, and more, visit their official webpage to get the updated information.

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Meet our accomplished author, Ms. Riya Sharma, a passionate educator and mentor with over 15 years of experience in the field of education. With a Master's degree in education from Delhi University, she has dedicated her career to empowering and inspiring students, especially young, enthusiastic students, to excel in their academic pursuits. Her expertise lies in exam preparation, and she has helped numerous students achieve academic success through her innovative teaching methodologies. With her in-depth knowledge of the education system and career options in India, she provides insightful analysis and guidance to students looking to chart their career paths after completing their 12th grade.

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