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14 Top MBA Colleges In India That You NEED To Know About

All these business schools offer highly-rated MBA programs with some very generous scholarships

India has hundreds of universities, colleges, and business-specific institutions offering high-quality MBA programs and unforgettable cultural experiences to match.

There are plenty of reasons to study an MBA in India (also referred to as Post-Graduate Diplomas in Management, or PGDMs by certain institutions).

While the cost of an MBA in the US or Europe can reach upwards of $100,000, Indian MBA colleges offer internationally-competitive degrees at affordable prices as well as attractive scholarships for international students.

If you're considering an MBA and/or PGDM, here are 14 of India’s top colleges you should consider.


These colleges are all part of the Graduate Management Council's (GMAC) Study in India campaign. 

Read on to find out more about each MBA college...

Check out our MBA colleges comparison table 

Goa Institute of Management

goa mba

Founded: 1993

Location: Goa

Eligibility Criteria: 

All applicants must have scored at least 50% aggregate in their Bachelor’s degree, awarded by a recognized University

Tuition: The two-year full-time PGDM is the Institute’s flagship program. It also offers specializations in healthcare management, big data analytics, and finance. For all NRIs and Foreign Applicants for the PGDM and PGDM (BDA) program fee is $3,500 per year and for PGDM (HCM) it is $10,000 per year.

IFIM Business School

ifim mba

Founded: 1995

Location: The IFIM Business School is located in Bangalore which is popularly known as the Silicon Valley of India.  Its PGDM is its flagship management program. It also offers specialist courses PGDM (Finance), PGDM (International Business), PGDM (Marketing)

Eligibility Criteria: IFIM looks at innovation potential, solution orientation and value fit of the candidates, besides their consistent academic performance and work experience for admission into its flagship PGDM program. The selection process comprises of several tests, group exercises and interviews.

Tuition: $22,300 (including hostel)

study in india

Indian Institute of Management Bangalore (IIMB)


Founded: 1973

Location: Bangalore

Eligibility Criteria: IIMB uses multiple parameters, namely academic performance in school, high school and graduation programs as well as candidate’s GMAT scores. Relevant work experience, if any, is also given weightage

Tuition: $29,300 for the Post Graduate Program in Management (PGP)

Scholarships: IIMB extends financial aid to students in need of financial assistance. The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of an education at the institute for financial reasons.

International Management Institute (IMI)
imi business school in india

Founded: 1981

Location: New Delhi

Eligibility Criteria: Bachelor’s degree, GMAT score

Tuition: PGDM: $35,250 (two years), Executive PGDM (15 months/12 months full-time): $17,500

Scholarships: Special financial aid schemes exist for international students that include partial tuition fee waivers and waiver of GMAT application fee for those who have not yet taken the GMAT.

Institute of Management Technology, Ghaziabad (IMTG)

imt - mba college

Founded: 1980 

Location: The school’s main programs are offered at the IMTG campus in Ghaziabad, Delhi and another in collaboration with the IMT Dubai campus. The International Relations Centre, IMT Ghaziabad, has partner institutions all over the world.

Eligibility Criteria: Recognized bachelor’s degree; GMAT Score 

Tuition: PGDM: $42,000, PGDM Executive: $22,000

Scholarships: For international applicants studying the PGDM Executive you can qualify for a scholarship of $2000 if you achieve a GMAT Score of over 550.

Indian School of Business (ISB)


Founded: 2001 

Location: ISB has two campuses in Hyderabad and in Mohali. It has academic alliances with the Kellogg, Wharton, London Business School, MIT Sloan and Tufts University.

Eligibility Criteria: A bachelor’s degree in any discipline. 2 years of full-time post qualification work experience. GMAT scores

Tuition: $46,500 (including shared accommodation) or $48,500 (including studio accommodation) for the one-year MBA

Scholarships: Leading financial institutions provide funding for up to 95% of the program expenses to admitted students

ISBR Business School

isbr business school in india

Founded: 1990

Location: The ISBR Business School, has two branches, one in Bangalore and the other in Chennai

Eligibility Criteria: A recognized bachelor’s degree. GMAT score.

Tuition: PDGM: $16,000

Scholarships: Up to 100% is offered to admitted students

KJ Somaiya Institute of Management Studies and Research


Founded: 1981

Location: The school is based in Mumbai and places a big emphasis on holistic development of students. Including industry interaction, cultural activities, sports competitions, entrepreneurial pursuits, and socially relevant activities.

Eligibility Criteria: You need to have an undergraduate degree from recognized university, pass an interview and present GMAT score

Tuition: Two-year PGDM costs $25,600 

Scholarships: The school offers needs-based scholarships based on demonstrated financial need. They will review your family’s financial circumstances to make sure you get the necessary support and offer 60% waiver of tuition fee

Narsee Monjee Institute of Management Studies (NMIMS)


Founded: 1981

Location: The school has six campuses in Mumbai, Bengaluru, Hyderabad, Shirpur, Indore and Navi Mumbai and 14 constituent schools of Management, Engineering, Pharmacy, Architecture, Commerce, Business Economics, Science, Law, Aviation, Liberal Arts, Design, Family Business & Entrepreneurship, Performing Arts, and Distance Learning.

Eligibility Criteria: A recognized bachelor’s degree as well as GMAT scores for the various degrees. 

Tuition: The MBA is a two-year course that costs around $20,000

SDA Bocconi Asia Center

sda bocconi asia

Founded: 2012

Location: Based in Mumbai, the SDA Bocconi Asia Center, formerly named MISB Bocconi, is a pan-Asian hub that offers Executive Education and Postgraduate Programs designed by SDA Bocconi School of Management, Italy.

Eligibility Criteria: You’ll need a Bachelor’s degree (or should be currently in your final Year) in any discipline from a recognized institution. To stand a good chance, aim for scores above 65% in your subjects. You’ll also need to present scores from one of the following tests: Bocconi Test; NMAT by GMAC 2018/2019; GMAT taken after January 1, 2017

Tuition: Total costs over two years $26,000 for the International Master in Business

Scholarship: The school offers tuition waivers, Dean’s scholarships, Women’s Leadership scholarships as well as a Sports and Cultural Art scholarship

SP Jain Institute of Management & Research

sp jain

Founded: 1981

Location: The school is located in the western suburbs of Andheri in Mumbai. It also has a center in Delhi. 

Eligibility Criteria: The school’s flagship program is Post Graduate Diploma in Management (PGDM). Various factors are considered for selection of applicants such as: Overall profile; Academic background; Work experience; Entrance scores (GMAT); Versatility and achievement

Tuition: PGDM: $39,840 

Scholarships: Need based scholarship is available


tapmi mba college in india

Founded: 1980

Location: The TA Pai Management Institute is located in the university town of Manipal in Karnataka

Eligibility Criteria: A Graduate Degree with not less than 50%. Foreign Nationals: GMAT and IELTS (if required).

Tuition: $40 000 for two years.

Scholarships: Merit-based scholarships available 

Universal Business School


Founded: 2009

Location: UBS is based in Mumbai and was founded by leading International Business leaders and has a strong focus on environmental sustainability. It offers MBA degrees in partnership with international business schools.

Eligibility Criteria: The school places a weighting of between 20 – 25% on the following requirements: Good undergraduate results; Entrance Exam (GMAT) ; Extra-Curricular Activities

Tuition: Dual MBA degrees vary, around $24,000 on average

Scholarships: UBS awards scholarships based on merit and financial need basis. Up to 50% off tuition

Xavier University Bhubaneswar (XUB)


Founded: 2013

Location: XUB is a Jesuit, Catholic university located in Bhubaneswar, Odisha. It is takes its inspiration from Saint Francis Xavier, a missionary who founded the first Jesuit college in Goa, India.

Eligibility Criteria: A degree from recognized university as well as test scores from GMAT or NMAT

Tuition: $25,000 for the standard two-year MBA

Scholarships: The school awards scholarships as per their discretion to full time students by waiving the academic fee