Do you aspire to earn an MBA from one of India’s top management schools? If the answer is yes, you must determine the minimum CAT exam score needed to be accepted into the MBA program of your choice. There are numerous well-known MBA colleges to choose from in addition to the IIMs. Since they provide more specializations or opportunities for international exchange, many aspirants actually favor non-IIM institutions.
There are many MBA colleges in India, so before enrolling, it is crucial for every aspirant to carefully consider and select their preferred MBA colleges. To have the best learning experience and pursue a fulfilling career, you must select an MBA college that offers a top-notch education, a solid reputation, excellent placement opportunities, an extensive alumni network, and a strong faculty, among other things. This article will deal with your doubt of selecting the Top MBA colleges in India 2023 along with the CAT cutoffs.
What is CAT?
The Indian Institutes of Management administer the Common Admission Test, also known as the CAT, across the country each year. It is intended to evaluate graduates’ aptitude for continuing their education in management. You can take this exam to enter the IIMs and other prestigious business schools in India.
Some of the important quick links for the CAT 2022 exam are given below.
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Events |
Quick Links |
| The candidates who appeared in the CAT 2022 examination can see their Scorecard here | https://cdn.digialm.com/EForms/configuredHtml/756/77650/login.html |
| CAT Mock Test Link | https://cdn.digialm.com//per/g01/pub/756/ASM/WebPortal/19/PDF/CAT_2022_Mock_Test_links.pdf |
| CAT Registration Guide | https://cdn.digialm.com//per/g01/pub/756/ASM/WebPortal/19/PDF/CAT_2022_Registration_Guide_Final.pdf |
| CAT Test Day Guide | https://cdn.digialm.com//per/g01/pub/756/ASM/WebPortal/19/PDF/CAT_2022_Test_Day_Guide_v1.pdf |
Top 20 MBA colleges in India 2023 and their CAT cutoff
Apart from a lot of MBA colleges in India, here are the top 20 colleges according to the IIRF MBA Ranking 2023. Most of these colleges accept CAT scores for their admission, so the tentative CAT cutoff percentile for 2023 is mentioned below.
Highlights of the Top 20 MBA Colleges in India
The best management colleges are without a doubt the best in terms of facilities, instruction, faculty, and other factors. Every management aspirant’s dream is to be accepted into one of India’s top 20 MBA institutions. Through exchange programs, exceptional placements, research facilities, and all the other characteristics that set the top MBA colleges apart from other educational institutions, students have access to connections around the world. Through internships and classes, students will acquire real-world experience, expert knowledge, and professional experience. They also have access to a sizable alumni network.
Read: Top Universities in India
Indian Institute of Management (IIM), Ahmedabad
Undoubtedly, the best management program in the nation is offered at IIM Ahmedabad. This institute has been consistently ranked 1 in the IIRF MBA Ranking over the years. Along with its 1 year MBA, executive MBA, Ph.D., and various other MBA programs, IIM Ahmedabad also offers 2-year full-time PGP and PGP-FABM programs.
Educating, supporting, and nurturing institutional and entrepreneurial organization leaders in their efforts to develop top-notch talent and value. IIMA focuses on creating a high-performance workplace that is supported by a culture of autonomy, creativity, and collaboration among its faculty, staff, and students in order to further its mission.
| Established In | 1961 |
| Program Offered | MBA, MBA-PGPX, MBA-FABM, ePGP, FDP, P.hD, etc. |
| IIRF Ranking | 1 |
Indian Institute of Management (IIM), Bangalore
IIM Bangalore, one of the top three management schools in India, was founded in 1973 in the center of the country’s high-tech industry. Because of its location close to some of the biggest corporations in the nation, including consumer product and information technology companies, it has the added benefit of combining theoretical learning with real-world experience.
Read: Top Engineering Colleges in India
A variety of MBA programs, Executive Management Education, and doctoral management programs are offered by IIM Bangalore. The IIMB is well-placed to introduce students to all facets of India’s developing economy. Its mission is to develop leaders and businesspeople through innovative, transformative, and holistic education.
| Established In | 1973 |
| Program Offered | MBA, PGP, PGP-BA, EPGP, PGPEM, P.hD, etc. |
| IIRF Ranking | 2 |
Indian Institute of Management (IIM), Kolkata
The first institution founded under the IIM legacy was IIM Calcutta, also referred to as IIM Kolkata, which opened its doors in 1961. According to the IIRF 2023 Rankings, IIM Calcutta is ranked third in the “Management” category. One of the top business schools in the nation for management education is IIM Calcutta. The MBA (or PGPM) is the institute’s flagship course; other programs available to students include doctoral and executive levels.
Over the years, IIM Calcutta has collaborated with more than 40 esteemed business schools in North and South America, Europe, Australia, and Asia, including, among others, Bocconi University in Italy, Copenhagen Business School in Denmark, and Ivey Business School in Canada. Additionally, as a part of its curriculum, it runs the STEP, or Student Exchange Program, internationally. Not only that, but it has made a name for itself as the top candidate for all job profiles, including investment banking, operations, consulting, marketing, general management, and information systems. As long as this pattern continues, every year sees a 100% placement rate.
| Established In | 1961 |
| Program Offered | MBA, MBAEX, PGDBA, PGPEX-VLM, P.hD, etc. |
| IIRF Ranking | 3 |
| Tuition Fee | 22,60,000 INR |
Indian Institute of Management (IIM), Lucknow
IIM Lucknow, founded in 1984, is the fourth member of the esteemed IIM family of management institutions. The students at IIM Lucknow are shaped into ethically responsible managers, leaders, and global citizens. The institute engages in a wide range of academic pursuits with the goal of producing, disseminating, and putting management theory and practice into use. More than 1000 people are enrolled in classes at IIM Lucknow. The AACSB and AMBA have granted international accreditation to IIM Lucknow, which also holds two crowns. In 2005, the first IIM opened a satellite campus in NOIDA, Delhi, National Capital Region.
| Established In | 1984 |
| Program Offered | MBA, PGP, PGP-ABM, PGP-SM, P.hD, etc. |
| IIRF Ranking | 4 |
| Tuition Fee | 19,25,000 INR |
Faculty of Management Studies, University of Delhi, Delhi
The Faculty of Management Studies, Delhi, also referred to as FMS Delhi, is ranked fifth among all business schools in India according to the IIRF MBA Ranking 2023. On the Delhi School of Economics campus, it began operations in 1954. The National Assessment and Accreditation Council (NAAC) has given it its seal of approval. An MBA program is offered at FMS New Delhi for two years. In addition, FMS Delhi provides PG-level MBA Executive and MBA Executive (Health Care Administration) programs.
The Association of Management Development Institutions in South Asia (AMDISA), to which it is affiliated with the University of Delhi, was founded by this institution. Additionally, it supports various management-related regional cooperation projects. For example, HDFC Bank, Jubilant, ITC, InfoEdge IBM, Accenture, and KPMG are just a few of the many Indian industry titans that recruit for FMS placements in 2022. The highest package offered by FMS Delhi this year, INR 58 LPA, was almost identical to that of last year.
| Established In | 1954 |
| Program Offered | MBA, MBA Executive, MBA Executive HCA, P.hD, etc. |
| IIRF Ranking | 5 |
| Tuition Fee | 1,92,000 INR |
Indian Institute of Management (IIM) Kozhikode
Indian Institute of Management Kozhikode, one of the top management schools founded by the Government of India, boasts one of the most picturesque and oxygen-rich campuses in the nation. It is committed to developing future business leaders through teaching, learning, consulting, research, and innovation. Approximately 112.5 acres of land make up IIM Kozhikode, which is located on two hillocks in the Kunnamangalam Area of Kerala’s historic city of Calicut. The growth story of IIM Kozhikode, which was established in 1996 as the country’s fifth IIM, goes beyond the numbers to include some remarkably innovative initiatives that have become the standard for other institutions across the nation.
| Established In | 1996 |
| Program Offered | MBA, PGP-LSM, PGP-LM, FDP, P.hD, etc. |
| IIRF Ranking | 6 |
| Tuition Fee | 20,50,,000 INR |
National Institute of Industrial Engineering (NITIE), Mumbai
Mumbai is home to the postgraduate public management institution known as the National Institute of Industrial Engineering (NITIE). For more than 50 years, the MHRD has consistently named NITIE Mumbai as one of India’s Ivy-League B-Schools. PGDIE and PGDIM, which are equivalent to the M.Tech. and MBA degrees, are the flagship programs offered by NITIE Mumbai.
NITIE Mumbai also offers PGDSEM, PGDMM, PGDPM, PGDEx-VLFM, FPM, and certificate programs in addition to its flagship programs. Additionally, the institute educates more than 2,000 professionals yearly through its unit-based programs (UBPs) and various Management Development Programs (MDPs) that are each one week long and cover different aspects of Industrial Engineering & Management. The scores attained in the GATE and CAT exams, respectively, are used to determine admission to the PGDIE and PGDIM programs at NITIE Mumbai.
| Established In | 1963 |
| Program Offered | MBA, PGDEx-VLFM, FPM, P.hD, etc. |
| IIRF Ranking | 7 |
| Tuition Fee | 12,58,000 INR |
Shailesh J. Mehta School of Management, Indian Institute of Technology (IIT), Mumbai
IIT Bombay established its management school in 1995 with the intention of transforming professionals with technological backgrounds into the “renaissance leaders” of the future, in order to promote interdisciplinary learning and keep up with the changing environment. This was accomplished in order to promote interdisciplinary learning and adapt to the changing environment. In 2000, the institution changed its name to the Shailesh J. Mehta School of Management in honor of Dr. Shailesh J. Mehta, a renowned IIT Bombay alumnus and generous donor to the institution. By utilizing the diverse intellectual resources of IIT Bombay and offering an exceptional and cutting-edge program in management education, the School of Management already sets the standard for preparing its graduates to meet the new challenges.
| Established In | 1995 |
| Program Offered | MBA,Joint eMBA Programme, P.hD, etc. |
| IIRF Ranking | 8 |
| Tuition Fee | 8,30,000 INR |
Indian Institute of Foreign Trade (IIFT), New Delhi
The best MBA program is available in India at the Indian Institute of Foreign Trade (IIFT), which also offers an MBA in international business. IIFT, a self-governing organization and a Center of Excellence in International Trade and Business, was founded by the Government of India in 1963. It is the ideal location for MBA aspirants who want to pursue MBA (IB). IIFT began as a think tank for the government, but by the 1990s, it had transformed into a business school. In a short period of time, IIFT established itself as one of India’s top business schools with a particular emphasis on trade and finance. At present, IIFT is led by Prof. Manoj Pant as its Director.
The MBA (IB) program at IIFT is regarded as the top full-time MBA program for developing expertise in managing international business. Since its founding, IIFT has consistently placed all of its graduates with high salaries. Aside from the significant number of domestic placements, IIFT students are receiving an increasing number of offers for placement abroad each year. Delhi and Kolkata are the locations of IIFT’s two Indian campuses, and a third campus in Kakinada, Andhra Pradesh, is slated to open.
| Established In | 1963 |
| Program Offered | MBA, EPGDIB, EPGDIM, P.hD, etc. |
| IIRF Ranking | 9 |
| Tuition Fee | 18,25,000 INR |
Jamnalal Bajaj Institute of Management Studies, Mumbai
One of the best MBA schools in India is JBIMS Mumbai, also referred to as the “CEO Factory.” The institute has been around for fifty years. The biggest benefit of the industry connection at JBIMS is the numerous industry leaders who have graduated from the school, demonstrating time and time again why it is the best MBA college. These leaders frequently visit the school to share their real-world success stories. The majority of the JBIMS’s visiting faculty members are business executives who are also former students. Their invited speakers provide an in-depth analysis of the demands facing the industry today and its outlook for the future.
| Established In | 1965 |
| Program Offered | MBA, MHM, MHRDM, MFM, MIM, etc. |
| IIRF Ranking | 10 |
| Tuition Fee | 1,53,000 INR |
Atal Bihari Vajpayee-Indian Institute of Information Technology And Management (ABV-IIITM), Gwalior
The Atal Bihari Vajpayee- Indian Institute of Information Technology and Management (ABV-IIITM), located in Gwalior, is a center dedicated to elevating academic excellence and productivity to previously unheard-of heights. We strive to achieve an educational standard that is competitive with the best in the world in this era of excellence and specialization. Our institute’s academics prioritize the expansion of knowledge and a methodical comprehension of the course materials and their potential applications. With the goal of achieving “Global Excellence in the Knowledge Economy,” we are dedicated to fostering a top-notch academic setting for both teaching and research.
| Established In | 1997 |
| Program Offered | MBA, Ph.D, etc. |
| IIRF Ranking | 11 |
| Tuition Fee | 6,50,000 INR |
Indian Institute of Management, Indore
The premier management school in India, IIM Indore, was established in 1996 and has top-notch facilities for both teaching and research. IIM Indore’s 193-acre campus is well furnished with the most modern teaching aids, a wealth of educational materials, and a strong IT infrastructure. Among all B-School campuses in India, IIM Indore has one of the most stunning campuses, boasting incredible architecture and other amenities thanks to its hilltop location. On-campus amenities include a Learning Center, a Computer Lab, a Finance Lab, and others. Listed below are the highlights of IIM Indore.
| Established In | 1996 |
| Program Offered | PGP, EPGP, PGP-HRM, EFPM, etc. |
| IIRF Ranking | 12 |
| Tuition Fee | 10,95,000 INR |
Vinod Gupta School of Management, Indian Institute of Technology (IIT), Kharagpur
The Vinod Gupta School of Management (VGSoM) was founded in 1993 as the first school of management within the IIT system. At the time, India had just begun the process of economic liberalization. Its founding mission was to create managers with a strong technological background who would guide tomorrow’s corporate behemoths on the road to success.
The idea was to launch a business school that would be similar to the Sloan School of Management at the Massachusetts Institute of Technology (MIT), in the United States—that is, a business school inside of a prestigious technical university. Mr. Vinod Gupta (B. Tech. 1967), a renowned alumnus and a life fellow of the Institute, who was the former CEO and chairman of InfoGROUP (previously known as InfoUSA), founded the School of Management. His kind endowment of US$2,000,000 was generously matched by the Government of India’s generous financial support.
| Established In | 1993 |
| Program Offered | MBA, PGDM, etc. |
| IIRF Ranking | 13 |
| Tuition Fee | 6,72,000 INR |
Dept. of Management Studies, Indian Institute of Technology (IIT), New Delhi
One of India’s top MBA programs, the IIT Delhi program was developed with the shifting demands of the business world in mind. IIT Delhi’s MBA program is on par with the top ones provided by top business schools in terms of preparing managers to take on the new challenges presented by the market environment’s constant change.
When the IIT Delhi Center for Systems and Management Studies was established in 1993, the custom of providing a Masters program started. This new name was subsequently given to the Center for Management Studies. The Department of Management Studies (DMS), which was founded in 1993, has offered MBA programs.
The department currently offers two MBA programs: a two-year full-time program with a general focus on telecommunication systems management and a three-year part-time Executive MBA program with a focus on technology management. The entire program aims to develop well-rounded managers who have been taught by a very distinguished faculty and supported by external faculty from India and abroad who have experience in the field. A thorough screening procedure that includes an interview, a group discussion, and a CAT score is used to select the students. MBAs from the IITD have a reputation for success.
| Established In | 1993 |
| Program Offered | MBA, Executive MBA, etc. |
| IIRF Ranking | 14 |
| Tuition Fee | 8,80,000 INR |
Department of Management Studies, Indian Institute of Technology, Chennai
A top MBA program in India is offered by the Department of Management Studies at IIT Madras. It was created in 2004 to serve as the location for the well-liked Master in Business Administration course, which has been offered since August 2001. In 2013, it became the first IIT to welcome students interested in B.A., B.Sc., and B.Com. streams, in addition to engineering enthusiasts. In addition to the MBA program, the department offers research degrees at the Masters (MS) and Doctoral (PhD) levels, an MS in entrepreneurship, and an Executive MBA program for middle- and senior-level executives. In addition, the department collaborates with IIM Calcutta and IIT Kanpur on the multi-institutional diploma program (PGPEX – VLM) for Visionary Leaders in Manufacturing. A few of the other activities the department engages in include consulting and executive development programs.
| Established In | 2004 |
| Program Offered | MBA, Executive MBA, etc. |
| IIRF Ranking | 15 |
| Tuition Fee | 8,00,000 INR |
Indian Institute of Management, Udaipur
IIM Udaipur has quickly established itself as a top MBA school with a number of USPs since it began operations in 2011. The Government of India authorized the founding of IIM Udaipur in 2009, and since that time there has been no turning back.
Through the integration of excellence in both teaching and research, IIM Udaipur seeks to establish a new standard in the field of management education. The Institute works closely with industry on live projects, internships, guest lectures, faculty research, and a variety of other events throughout the academic year in an effort to truly make a difference in the community. It also cultivates strong relationships with regional NGOs and governments.
IIM Udaipur is dedicated to developing the leaders and businesspeople who will drive their organizations in developing nations. While doing so, the Institute maintains strong ties to both the country and the region. IIM Udaipur fosters an atmosphere where faculty, staff, and students can all reach their full potential. In addition to its two-year full-time flagship Post Graduate Program in Management (PGP), IIM Udaipur also offers a one-year full-time Post Graduate Program in Management for Executives (PGPX).
| Established In | 2011 |
| Program Offered | PGP, PGPX, etc. |
| IIRF Ranking | 16 |
| Tuition Fee | 13,54,000 INR |
Indian Institute of Management, Tiruchirappalli
The Indian Institute of Management Tiruchirappalli (IIMT), the eleventh IIM, was founded on January 4, 2011, with assistance from the Indian government and under the leadership of IIM-Bangalore. The city of Tiruchirapalli is well-known for its culture and arts. The well-known IIM Trichy was formerly housed on the NIT Tiruchirappalli campus before moving to its own roomy permanent campus on 175 acres of land on the Trichy-Pudukottai highway, 12 kilometers from Tiruchirappalli International Airport.
IIM Trichy is committed to promoting a learning environment for the development of business leaders who contribute to society and nation-building as well as for the creation and dissemination of management knowledge that meets international standards. The organization’s vision is to become a preeminent management institution with a major influence on both business and society. In order to advance management knowledge through research, improve current management practices through executive education and consulting, and have an impact on national and local policy, the institute strives to produce graduates who are professional, skilled, and value-driven in management.
| Established In | 2011 |
| Program Offered | PGPM, PGPM-HR, PGPBM, etc. |
| IIRF Ranking | 17 |
| Tuition Fee | 14,00,000 INR |
Indian Institute of Management, Raipur
In 2010, the Indian Government’s Ministry of Human Resource Development established the Indian Institute of Management (IIM) Raipur in Raipur, the state of Chhattisgarh. One of the Indian states with the most rapid growth is Chhattisgarh. With its abundant mineral, forest, natural, and local resources, Raipur has developed into a preferred commercial and industrial hub, attracting an increasing number of businesses to locate their offices there.
The Post Graduate Programme in Management for Working Executives (PGPMWE) and the flagship 2-year full-time Post Graduate Programme in Management are both offered by IIM Raipur. IIM Raipur is committed to developing moral leaders who not only care about business, industry, and commerce but also care about society and how they can contribute to the development of their country and its reputation abroad.
The student clubs are active at the institute, and they are now broadening the range of their activities and inviting notable figures from the business world. IIM Raipur is currently located on the campus of the Government Engineering College in Raipur. The proposed IIM Raipur campus in Naya Raipur will have access to more than 200 acres of land, according to the Chhattisgarh government. The envisioned campus will be cutting-edge, showcasing a harmonious fusion of contemporary design, culture, and Chhattisgarh’s rich history.
| Established In | 2010 |
| Program Offered | PGPM, PGPWE, etc. |
| IIRF Ranking | 18 |
| Tuition Fee | 14,20,400 INR |
Indian Institute of Management, Ranchi
The ninth IIM, IIM Ranchi, opened its doors in 2009. The goal of IIM Ranchi is to develop effective managers and business leaders, and it works hard to make sure that its students acquire the necessary abilities to thrive in any organization. Equal importance is placed on helping students form the proper values and attitudes that will support them as they navigate through times of difficulty and turbulence.
The IIM had never before provided a specialized PGDHRM course. As of right now, the B school offers a two-year PGDM in General Management, a two-year full-time program on Human Resources Management (PGDHRM), a fellow program in Management, and an 18-month part-time Diploma in Management (PGEXP). Additionally, IIM Ranchi has started a certified Barefoot Manager program to foster entrepreneurship and teach illiterates and school dropouts how to support themselves.
| Established In | 2009 |
| Program Offered | PGDM, PGDHRM, etc. |
| IIRF Ranking | 19 |
| Tuition Fee | 15,10,000 INR |
MHRM Department of Humanities and Social Science, Indian Institute of Technology (IIT), Kharagpur
The Department of Humanities & Social Sciences (MHRM) at IIT Kharagpur offers a two-year master’s program in human resource management. Candidates must satisfy the Graduate in Engineering or Postgraduate qualification requirements. There isn’t a separate admissions test held by IIT KGP. However, candidates will be chosen based on their CAT scores and academic qualifications, then undergo a lengthy PI (personal interview). The average cost of this program is Rs. 3,00,000/-, and there are about 20 seats available.
| Established In | 1982 |
| Program Offered | MBA, MHRM, etc. |
| IIRF Ranking | 20 |
| Tuition Fee | 3,00,000 INR |
Conclusion
The above mentioned CAT cutoffs and the IIRF MBA Ranking 2023 will surely help you find the best college for yourself. These are the 20 best business B-Schools in India, which are tough to enroll in but guarantee a bright future.
The majority of MBA aspirants would say that the salaries they receive after placements influence their decision regarding a business school. No wonder B-schools do report successful placement reports every year. But are you certain that the starting pay accurately represents the important results? Therefore, deciding to pursue an MBA or knowing how to select the best MBA college is a very important step.
Find out more about the region, its geographical characteristics, and how easily accessible transportation and other necessities are within a reasonable driving distance as you look for the best MBA program. Don’t forget to compare each option’s advantages and disadvantages. Consider your preferences as you proceed. Your college or university experience will be enhanced if you attend a management institution in the location of your choice, and this will motivate you to make the most of campus life and the surrounding area. Placement of your institutions near businesses where you can intern to gain experience firsthand is something to think about.
FAQs
Q: What is CAT?
Ans: The Common Admission Test (CAT) is the national level entrance exam for MBA admissions.
Q: What is an Executive MBA?
Ans: Professionals in the workforce who occupy a variety of leadership and management positions within the company frequently pursue an Executive MBA (EMBA). The typical length of the course is less than two years, and there are no entrance exams. It primarily targets corporate executives and managers and is typically funded by the company that employs the individual.
Q: Is work experience necessary for enrolling in an MBA?
Ans: No, it is not necessary to have prior work experience in order to apply to an MBA program, but some exposure to the working world is advantageous. With prior work experience, you’ll gain more hands-on experience in actual business situations. The course will be more qualitative than quantitative. Additionally, prior knowledge will help students in the classroom course apply theory in real-world situations. If a candidate lacks a strong academic foundation, their professional experience will demonstrate their ability to manage the entire course curriculum.
Q: What is the maximum age limit for enrolling in an MBA?
Ans: There is no set age requirement to apply for and complete an MBA program. But because graduates are proactive and open-minded, it is advised that they start an MBA program right away.
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Hello iirfranking.com administrator, Thanks for the well-researched post!