I have categorized the best B-Schools of India according to the regions, i.e North, South, East and West. This article enlists the most prestigious management institutes with details of the courses offered, their fees and placement details.
It will definitely help you to decide which B-School is right for you.
Faculty of Management Studies, University of Delhi:
The institute offers MBA, Executive MBA and doctoral programmes. At the end of the final semester of the full-time MBA programme, the candidates get placed in top MNCs through campus placement. In 2018, the highest domestic package offered was Rs 54 lakh. Average domestic salary offered to top 100 students was Rs 26 lakh.
It is one of the most affordable B-Schools with fees of Rs 50,000 per annum.
The average salary for 2018 was Rs. 20 lakhs and the highest was Rs.54 lakhs.
Indian Institute of Foreign Trade:
The Indian Institute of Foreign Trade (IIFT) Delhi, offers management courses in full-time as well as part-time mode. The institute also offers executive MBA, certificate and doctoral programmes.
The average compensation offered to the IIFT students is Rs 19.23 lakh per annum, with the domestic average at Rs 18.27 LPA. The highest domestic compensation offered saw a rise from Rs 26 lakh per annum last year to Rs 29 lakh.
The fees for the MBA program is around Rs 7.5-8 lakhs per annum.
The average compensation offered to the IIFT students is Rs 19.23 lakh and highest is Rs 29 lakhs.
Management Development Institute, Gurgaon:
MDI offers a range of management programmes like Post Graduate Programme in Management (PGPM), Post Graduate Programme in Human Resource Management (PGP-HRM) and specializations like International Management and Energy Management.
Fees for the PGPM course is 20 lakhs approx.
The average salary offered is Rs. 19 lakhs and the highest International salary offered is Rs. 57 lakhs.
Indian Institute of Management, Lucknow:
IIM-L is recognized as an "Institution of Excellence" by the Ministry of Human Resource Development, Government of India. IIM-L is consistently ranked among the top 5 B-schools in India. The courses offered are Post Graduate Programme in Management (PGPM), Post Graduate Programme in Agribusiness Management (PGP-ABM)
Fees for the PGPM/PGP-ABM courses is around Rs. 16 lakhs
Institute of Management Technology, Ghaziabad:
IMT Ghaziabad has consistently been ranked among the top-20 management institutes of India. It offers post-graduate courses in regular, part-time and distance-learning schemes like Postgraduate Diploma in Management (PGDM), PGDM Dual Country Program (PGDM-DCP) (Dubai and India), PGDM Executive.
The tuition fees round up to approx Rs. 8 lakhs per annum. The average CTC for 2015-17 PGDM batch was around 11.3 LPA and the highest CTC is around 26 LPA.
Indian School of Business, Hyderabad:
The Post Graduate Program in Management (PGP) is a one-year management program that is intense, though of a shorter duration. It serves good especially for professionals who wish to have an MBA and the perks associated with it, without having to take a two-year-long break from work.
The fees for the one year program is approx Rs. 25 lakhs.
In terms of placements, the average domestic package offered is around 23 lakhs.
Indian Institute of Management-Bangalore:
The Indian Institute of Management Bangalore (also known as IIMB) is a public business school located in Bangalore, Karnataka, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad. It is consistently ranked as one of the best business schools in India and the Asia Pacific region.
IIM Bangalore has revised upwards its fee during the last few years and at present the 2 years programme fee at IIM Bangalore is Rs. 19.50 lakhs
The average domestic package it offers ranges from 21-23 lakhs and the average international package varies from Rs. 28-30 lakhs.
Great Lakes Institute of Management, Chennai:
Great Lakes Institute of Management (also known as Great Lakes or GLIM) is a private business school in India. It was founded by Bala V. Balachandran, a professor at Kellogg School of Management, with its first campus in Chennai.
The Great Lakes PGPM is a fast track one year MBA program, designed for candidates with more than 2 years of full-time experience. The program has been consistently ranked in the top 10 one year MBA programs in the country.
The fees for the PGPM program is Rs. 15,58,000 and for PGDM, it's Rs. 11,02,000.
Average CTC offered for the Class of 2018 was 11.14 lakhs and the median is 10.50 lakhs p.a. Highest CTC is 18 lakhs p.a. and Lowest CTC was 7.5 lakhs.
Indian Institute of Management, Kozhikode:
The Indian Institute of Management Kozhikode (IIM-K) founded in 1996, in collaboration with the State Government of Kerala, was the 5th IIM to be established. IIM Kozhikode was the first institute in Asia to offer a distance learning programme in management for working executives.
The programs offered are Post Graduate Programme (PGP), Executive Post Graduate Programme (EPGP), Fellow Programme in Management (FPM) etc.
The fees for the PGP and the EPGP program is Rs. 18 lakhs and Rs. 11 lakhs respectively.
The average package varies from Rs. 17-18 lakhs and the highest package offered was Rs. 37 lakhs.
Indian Institute of Management Ahmedabad:
The Indian Institute of Management, Ahmedabad (IIM A) is India’s premier management institute. The institute was set up in 1961 and ever since it has been imparting world-class business and management education.
IIM A is consistently rated among some of the best business schools across India and around the world.
IIM A offers various Post Graduate Programmes in Management at academic and executive level such as Postgraduate Programme in Management (PGP), Post Graduate Programme in Food and Agri-Business Management (PGP-FABM), Post Graduate Programme in Management for Executives (PGPX) etc.
The course fee is around 20 lakhs for 2 years.
The average package lies somewhere around Rs. 18-20 lakhs whereas the highest package offered this year was Rs. 53 lakhs.
SP Jain Institute of Management & Research, Mumbai:
SP Jain Institute of Management & Research (SPJIMR) was established in 1981 in Mumbai. Inaugurated by the then British Prime Minister Hon'ble Margret Thatcher, SP Jain became one of the top ten B-schools of India by 1994-95. SPJIMR is located in the western suburbs of Andheri in Mumbai at a 45-acre sprawling campus.
It offers full time residential courses in Post Graduate Diploma in Management(PGDM), Post Graduate Programme in Management(PGPM), Global Management Programme (GMP) etc.
The fees for PGDM and PGPM courses are Rs. 16.5 lakhs and for the GMP program it is Rs. 6 lakhs.
SPJIMR, Mumbai has seen a sharp rise in average salary to Rs. 22.24 lakhs from Rs. 20.9 lakhs last year and the highest salary is believed to be Rs. 37-39 lakhs.
Jamnalal Bajaj Institute of Management Studies, (JBIMS) Mumbai:
Jamnalal Bajaj Institute of Management Studies (JBIMS), named after the noted industrialist and philanthropist, Jamnalal Bajaj, is the Department of Management Studies of the University of Mumbai (Bombay). JBIMS was established in 1965 by the University of Mumbai in collaboration with the Graduate School of Business, Stanford University.
The courses offered are Masters in Management Studies (MMS) Programme (JBIMS's flagship two-year full-time programme) and some part-time programs as Master in Marketing Management (MMM), Master in Information Management (MIM), Master in Human Resource Development & Management (MHRDM).
The fees for the full time and the part-time programs are Rs. 2.1 lakhs and Rs. 1.53 lakhs respectively.
The average salary offered was approx Rs. 17.5 lakhs and the highest was Rs. 35 lakhs.
Shailesh J. Mehta School of Management, (SJMSOM) Mumbai:
Shailesh J. Mehta School of Management (SJMSOM), established in 1995, is a part of the prestigious Indian Institute of Technology, Bombay.
It offers Master of Management Programme (M.Mgmt) - 2-year flagship programme in Management, Executive MBA Programme - A joint-venture executive MBA programme in partnership with Washington University, USA)
The fees of the M.Mgmt program is Rs. 2.3 lakhs for General and OBC candidates and Rs. 1.29 lakhs for SC/ST candidates.
The average and highest package offered by the institute is approx Rs. 17.6 lakhs and Rs. 29 lakhs.
National Institute of Industrial Engineering, Mumbai:
National Institute of Industrial Engineering (NITIE) was established as 'National Institute of Training in Industrial Engineering' by the Government of India in 1963. Recognized as one of the 15 Centres of Excellence by the Ministry of HRD, Government of India, it is renowned as the top Indian school for operations and supply chain management.
The programmes are offered at NITIE are Post Graduate Diploma in Industrial Management (PGDIM), Post Graduate Diploma in Manufacturing Management(PGDMM), Post Graduate Diploma in Project Management(PGDPM) etc.
The fees for all PG programs at NITIE is approx Rs. 4,50,000
The average CTC offered is around Rs. 18.5 lakhs and the highest is Rs. 46.5 lakhs.
Symbiosis Institute of Business Management, (SIBM) Pune:
Symbiosis Institute of Business Management, Pune was established in 1978. Today, SIBM is regarded as one of India's premier B-school renowned for its high-quality management programs.
The programs offered by SIBM are Master of Business Administration (MBA), MBA (Innovation & Entrepreneurship), MBA Executive.
The programmes and their respective fees are MBA – Rs. 18.5 lakhs, MBA(I&E) – Rs.14.5 lakhs, MBA Executive – Rs. 4.5 lakhs.
The average and highest package offered was Rs. 15 lakhs and Rs. 24 lakhs respectively.
Indian Institute of Management, (IIM-C) Calcutta:
The Indian Institute of Management Calcutta (IIM-C) was established in November 1961, as the first national institute for Post-Graduate studies and Research in Management, by the Government of India. Over the years, IIM-C has grown into an institution with a global reputation, imparting high-quality management education.
The programs offered are Post Graduate Diploma in Management (PGDM), Post Graduate Programme for Executives (PGPEX), Post Graduate Diploma in Business Analytics (PGDBA) etc.
The fees for the PGDM program is Rs. 20 lakhs, PGDBA program is Rs. 17 lakhs and for PGPEX is Rs. 22 lakhs.
The highest domestic package offered this year was approx Rs. 70 lakhs and the highest International package was Rs. 86 lakhs.
Xavier Labor Research Institute School of Management, Jamshedpur:
XLRI - Xavier School of Management was established in 1949, as Xavier Labour Relations Institute, at Jamshedpur, Jharkhand. XLRI is a Jesuit managed school and is not only India's oldest B-school but also one of the oldest B -schools of the world.
XLRI offers Post Graduate Diploma in Management-Business Management (PGDM-BM), Post Graduate Diploma in Management-General Management (PGDM-GM), Post Graduate Diploma in Management-Human Resource Management (PGDM-HRM) etc.
The fees for PGDM and PGDM-HRM is Rs. 20 lakhs approx and for PGDM-GM is Rs.18.5 lakhs.
The median salary offered is around Rs. 20 lakhs whereas the highest salary offered is approx Rs. 39 lakhs.
Indian Institute of Management, (IIM-S) Shillong:
The Rajiv Gandhi Indian Institute of Management (RGIIM)Shillong, established in 2008, is the seventh IIM to be established. The decision to have an IIM in the northeast was taken in June 2004 by the Ministry of Human Resource Development, Government of India.
Currently, IIM Shillong offers Post Graduate Programme in Management (PGPM), Fellow Programme in Management (FPM) and Post Graduate Program for Executives - Managing Business in India and China (PGPEx-MBIC)
The fee structure for the institute is approx Rs. 13 lakhs.
The average and highest package offered this year was Rs. 14.8 lakhs and Rs. 24 lakhs.
Vinod Gupta School of Management (VGSoM), IIT Kharagpur:
Vinod Gupta School of Management (VGSoM), established in 1993, is a part of prestigious Indian Institute of Technology, Kharagpur. It was set up as the first school of management within the IIT system in 1993 at a time when India had just opened its doors to economic liberalization.
The programs offered here are Master in Business Administration(MBA)- 2-year flagship program, Executive MBA Programme - 3 year MBA program for working executives.
The fees for MBA program at VGSoM is approx Rs. 8 lakhs.
The average package offered is around Rs.14 lakhs and highest is approx Rs. 21 lakhs.
Indian Institute of Management, (IIM-R) Ranchi:
Indian Institute of Management (IIM Ranchi) is the ninth IIM to be established. IIM Ranchi was set in the year 2010. The programmes offered are Post-Graduate Diploma in Management (PGDM) - 2-year full-time residential programme, Post-Graduate Diploma in Human Resource Management - 2-year full-time residential programme in HR and Post-Graduate Programme in Management for Executives.
The fees for the management programmes at IIM Ranchi is approx Rs. 13 lakhs.
The average and the highest package offered in the domestic category is Rs. 16 lakhs and Rs. 27 lakhs whereas the highest international package went up to Rs. 57 lakhs this year.
The above-mentioned institutes are some of the most preferred institutes in the respective areas.
If you have any suggestions, corrections or questions, please let me know in the comments below!
(This report is based solely on secondary research)