There are many notable B-schools in India alongside the 20 IIMs that accept applicants on the basis of their CAT results. These universities provide a competitive enough management studies atmosphere and structure to match those of the IIMs. View the rating and other information about the top 7 MBA programs in India, excluding IIMs, according to the NIRF 2023 ranking.
The Indian Institutes of Management (IIMs) are the primary destination for most MBA applicants; yet, only 5,000 of the thousands of applicants are accepted into this esteemed network of institutions. It’s not the end of the world, though, if you are unable to get into the IIMs. India has a large number of highly regarded MBA schools that offer excellent education.
Unlock Your MBA Dreams! Register Here for Expert Guidance!
7 Top MBA Colleges in India Other than IIMs
Here are the list of top management institutes or MBA Colleges of India other than IIMs as per the NIRF rankings.
1. Faculty of Management Studies (FMS) Delhi University
Faculty of Management Studies (FMS) is one of the leading B-schools of India that was established in 1954 under the Delhi University. It is often cited as a low-fee B-school with good ROI (Return on Investment) and good placements comparable to many top IIMs. It is popularly referred to as the “Red Building of Dreams” by its students.
- IIRF Ranking: 5
- Location: New Delhi
- Fee: Rs. 2 Lakh
- Annual Average Package: Rs. 34 LPA
2. Management Development Institute, Gurgaon (MDI) [NIRF 13th Rank]
MDI Gurgaon, founded in 1973, offers 2-year full time residential Post Graduate Diploma in Management (PGDM), PGDM-HRM and PGDM-IB. MDI is one of the largest schools in India for training and development of managers. More than 68000 managers have been trained over 39 years by the institute. MDI has an average package of Rs 23.8 LPA with fees of 25 Lakhs which takes ROI after the end of three Years from enrolment very high.
3. JBIMS (Jamnalal Bajaj Institute of Management Studies), Mumbai
This institute was established in the year 1995 and has produced illustrious alumni like Chanda Kochhar, Mani Ratnam, Vinita Bali, Siddharth Roy Kapoor, and many more. JBIMS offers the specializations Finance, Communications, Operations, systems, and HR.
Some of the top recruiters at JBIMS are J.P. Morgan Chase & Co., Goldman Sachs, McKinsey & Company, Hindustan Unilever, The Boston Consulting Group, ICICI Bank, Godrej Consumer Products, Mahindra Group, TATA Group, and Reliance Industries Limited amongst others.
| Exam Accepted: | MAH-CET, CAT, CMAT, MAT, ATMA |
| Courses Offered: | MMS |
| Fees: | Rs.6 Lakhs |
| Average Placement: | Rs.20.13 LPA |
| No. of Seats: | 120 |
4. Department of Management Studies, IIT Madras
The Department of Management Studies of IIT Madras is a business school under the Indian Institute of Technology Madras. The DoMS IIT Madras came into existence in April 2004. The department currently offers MBA, PGPEX-VLM, MS, and PhD programs.
- NIRF Ranking: 15
- Location: Chennai, Tamil Nadu
- Fee: Rs. 8 Lakh
- Annual Median Package: Rs. 16 LPA
Get Expert Guidance for MBA Entrance Exams! Register Here!
5. Xavier School of Management (XLRI) [NIRF 8th Rank]
XLRI is also one of the oldest B-School founded in 1949 in Jamshedpur. It is the top ranked school for Human Resource education not only in the country, but considered as one of the finest in Asia-Pacific. It offers a 2-year full time MBA Programme in Human Resource Management (HRM) and Business Management (BM) with an average package of Rs 30.7 LPA and fees of approx. 25lac yielding a high return. They have started a new campus in Delhi in 2020. XLRI accepts XAT Score.
6. Symbiosis Institute of Business Management, Pune
Symbiosis Institute of Business Management, Pune is a constituent of Symbiosis International (Deemed University)- SIU. It was established in 1978. SIBM Pune is one of the premier B-Schools in India and is consistently ranked among the top B-Schools in the country.
- NIRF Ranking: 17
- Location: Pune, Maharashtra
- Fee: Rs. 22 Lakh
- Annual Median Package: Rs. 20 LPA
7. Indian Institute of Technology Roorkee
The Department of Management Studies of IIT Roorkee is a business school under the Indian Institute of Technology Roorkee. The DoMS IIT Roorkee came into existence in 1998 to impart high quality formal education in management science through a comprehensive two-year regular MBA programme.
- NIRF Ranking: 18
- Location: Roorkee, Uttarakhand
- Fee: Rs. 4 Lakh
- Annual Median Package: Rs. 18 LPA
Supercharge Your MBA Journey: Register Here to Get Expert Guidance & Resources!
An MBA is about more than simply earning money, though. The selection of the top management colleges in India “FOR YOU” also heavily depends on other elements like program type, location, curriculum, faculty, industry connections, campus, batch size, etc. Thus, the decision of which college to attend is left to the candidates’ personal taste and research.
Related blogs
FAQ’s
Q1. What factors should I consider when choosing an MBA college other than IIMs?
Ans: Beyond rankings, consider these factors:
- Your career goals
- Placement record
- Program structure
- Campus life and culture
- Faculty and curriculum
- Fees and scholarships
Q2. Are the non-IIM MBA programs less respected by employers?
Ans: Not necessarily. Many top companies recruit from diverse B-schools beyond the IIMs. The reputation and quality of the program, your individual talent, and skills ultimately matter more to employers.
Q3. Are there any scholarship opportunities available for non-IIM MBA programs?
Ans: Yes, several scholarship options exist:
- Merit-based scholarships
- Need-based scholarships
- Diversity scholarships
- Corporate scholarships
Q4. What are the benefits of attending a non-IIM MBA college?
Ans: Lower fees
Specialized programs
Diverse student body
Strong alumni network
