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Which Business School Has The Best ROI For MBA In India?

Looking for a highly ranked MBA school in India with a high return on investment? FMS Delhi could be a good choice

Thu Mar 23 2023

The MBA is renowned as one of the most expensive education programs in India. Most top MBA colleges charge high fees, and the cost of an MBA at prestigious Indian Institutes of Management (IIMs) ranges from INR 11 lakh (around $13,300) to INR 30 lakh ($36,250).

However one top college costs the lowest in terms of fees and gives the best ROI among MBA colleges in India. 

Delhi University's Faculty of Management Studies (FMS Delhi), which stands at number two in the IIRF MBA ranking, charges a more modest INR 2 lakh (around $2,400) for its full-time MBA program. While the school has the lowest fees among the top MBA colleges in the country, its graduates command impressive salaries.

What is the ROI of an MBA at FMS Delhi?

In 2023, the average annual CTC (cost to company—or gross salary) for graduates of FMS is INR 34.1 lakh (around $41,313) while in 2022, the average CTC at India's top-ranked IIM Ahmedabad was INR 32.79 lakh (around $39,725). 

Given FMS' lower fees, the time to repay the cost of an MBA is significantly shorter than at its peer institutions, giving it possibly the best ROI among MBA colleges in...


FMS Delhi recently concluded placements for its 2023 graduates. Of 273 students at FMS, 269 participated in the placement process, with four students opting for a placement holiday. (This feature is unique to FMS, which offers students the opportunity to take a break from placements in order to pursue entrepreneurial ventures. Students who take up this option can return within two years to sit for placements.)

READ: McKinsey Leads MBA Recruitment At IIM Ahmedabad

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Record-breaking MBA placements in 2023 at FMS Delhi

This year, FMS Delhi created history by achieving a 100% placement rate for its largest-ever MBA class. 

The average annual CTC hit an all-time high of INR 34.1 lakh (around $41,313), while the median CTC stood at INR 31 lakh (around $37,557$). Impressively, 97% of the offers extended to students were above INR 20 lakh, indicating the high quality of jobs offered. 

Of the total job offers made, 19% were from the banking, financial services and insurance (BFSI) sector, while 27% of candidates were placed in the consulting domain.

Accenture Strategy, Aon Consulting, Bain & Co., BCG, Deloitte, Ernst & Young, Kearney, KPMG, and PricewaterhouseCoopers were among the prominent recruiters offering consulting roles, which accounted for 27% of the total offers.

In the IT/analytics/operations domain, companies such as Atlassian, Amazon, Appario Retail, EXL Analytics, Flipkart, GO-MMT, Jio Platforms, MagicBricks,, Microsoft, OfBusiness, Paytm, and Zomato offered 18% of the total job offers.

The general management and strategy domains accounted for 16% of the total offers, with recruiters such as Airtel, Adani, Capgemini, I-PAC, Piramal Group, Renew Power, RPG, Sterlite Power, and TAS being some of the prominent recruiters.

Sales or marketing roles were offered by various companies, including the FMCG, Pharmaceutical, Consumer Electronics, Retail, E-Commerce, Industrial Goods, and Automobile sectors, with recruiters such as Asian Paints, Colgate-Palmolive, Dabur, Dr Reddy’s Laboratories, HUL, ITC, Mars Wrigley, Mondelez, Nestle, Pernod Ricard, Pidilite, and Reckitt accounting for a total of 20% of the offers.

What’s unique about FMS Delhi?

FMS Delhi is one of the oldest b-Schools in India, established in 1954. Having started with an evening Master's in Management in 1954, it launched a full-time MBA in 1967.

The institute was originally part of the Delhi School of Economics but has grown to be a fully-fledged management institute within the University of Delhi. 

As part of the university system, it has contributed research and talent to industry, business, government, and the social sector, on a par with other leading business schools.

Applying for MBA entry to FMS Delhi

Candidates applying for admission to the MBA program must have at least a bachelor’s degree or be sitting the final exams of bachelor’s degree may also apply. A valid CAT score is required to take part in the admission process.

Selection criteria for FMS Delhi

From the list of candidates shortlisted for interview, admission to the full-time MBA program is based on the following criteria and weighting:

1. Weighted CAT 2022 Score - 50%

2. Marks obtained in Class X - 10% (60-75%: 5%; 75% or above: 10%)

3. Marks obtained in Class XII - 10% (60-75%: 5%; 75% or above 10%)

4. Statement of purpose - 10%

5. Extempore – 5%

6. Personal interview - 15%

How to apply?

Generally FMS Delhi releases its online application form in January each year and the application cycle closes at the end of that month. Entry to FMS for 2024 will close in late-January next year. See more details at

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