There are more than 2900 private MBA institutions in India to choose from. Several of them are well-known and on par with the IIMs in terms of prestige. Internationally recognised facilities and methodology, an innovative MBA curriculum, popular and speciality specialisations, hands-on training, international exchange programmes, and campus placements are all provided by the leading private MBA institutions in the country. Although some MBA programmes have a higher tuition fee, they offer a favourable return on investment (ROI).
Some of the best private MBA colleges in India include XLRI Xavier School of Management in Jamshedpur, Management Development Institute in Gurgaon, National Institute of Industrial Engineering in Mumbai, S.P. Jain Institute of Management and Research – SPJIMR in Pune, Symbiosis Institute of Business Management in Pune, Great Lakes Institute of Management in Chennai, NMIMS School of Business Management in Mumbai, and Indian College of Financial Management in Mumbai. Keep reading to learn all you need to know about MBA rankings and India’s finest private MBA institutions!
After graduation, the two-year MBA programme serves as a launching pad for management positions and entrepreneurial prospects in various industries. The full-time MBA programme encompasses all aspects of company operation and management, including investment, finance, operations, sales, marketing, supply chain management, and administration, to name a few subjects. MBA programmes accept students from various backgrounds, including science, business, and the humanities, among other fields. However, the full-time MBA is the most popular option since it combines academic lectures with hands-on experience via practicums and internships.
NIRF, an acronym for National Institutional Rating Framework (National Institutional Ranking Framework), is an annual ranking of the best MBA programmes in India published by the Ministry of Education, Government of India. Several variables are considered while ranking the country’s top 100 MBA institutions. These include teaching, learning, resources, research, professional practice, graduation results, outreach, diversity, and perception.
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Top 5 Private MBA Colleges in India 2022
| S. No | Name of Colleges | Location |
Course Fees (Approx) |
| 1. | XLRI–Xavier School of Management | Jamshedpur | Rs. 8.50–20.0 lakhs. |
| 2. | ISB–Indian School of Business | Hyderabad | Rs. 30.41–47.55 lakhs. |
| 3. | SPJIMR–S P Jain Institute of Management & Research | Mumbai | Rs. 7.50–19.60 lakhs. |
| 4. | MDI–Management Development Institute | Gurgaon | Rs. 9.73–25.00 lakhs. |
| 5. | IMT–Institute of Management Technology | Ghaziabad | Rs. 6.00–17.50 lakhs. |
XLRI–Xavier School of Management, Jharkhand
XLRI: Xavier School of Management is a private business school in Jamshedpur, Jharkhand, India, run by the Society of Jesus. It was established in 1949 in the steel metropolis of Jamshedpur as India’s first business school. The AICTE, NBA, AMBA, and AACSB have approved this programme. XLRI is committed to advancing the professional development and management of a diverse range of firms and organisations operating in various industrial sectors. XLRI School of Management has been ranked as the No. 1 Private Business School by NIRF (National Institute Ranking Framework). They are the nation’s oldest and best business management schools.
ISB–Indian School of Business, Hyderabad
The Indian School of Business (ISB) in Hyderabad was established in 1995 and is widely regarded as one of India’s most prestigious business schools, not only in Hyderabad, Telangana. It is one of the nation’s finest business schools, and students flock here. It offers one of the most diverse management and business education programmes on the ISB Hyderabad Campus.
SPJIMR–S P Jain Institute of Management & Research, Mumbai
S P Jain Institute of Management and Research (SPJIMR) was established in 1981 and is India’s premier business school (business school). It is located in Mumbai, India’s financial hub. SPJIMR is a self-contained institution of the Bharatiya Vidya Bhavan. It is often ranked among India’s top 10 management institutions.
MDI–Management Development Institute, Gurgaon (Gurugram)
Management Development Institute (MDI Gurgaon or MDI) is a self-contained private business school located in Gurgaon, a commercial area near New Delhi, India. On 24 August 2014, India’s Honourable President, Shri Pranab Mukherjee, opened the university’s second campus in Murshidabad, West Bengal.
IMT–Institute of Management Technology, Ghaziabad
IMT-Ghaziabad is another name for the Institute of Management Technology. IMT is headquartered in Ghaziabad, Uttar Pradesh. IMT was founded in 1980. The Institute is accredited by the AICTE, AACSB, NBA, AIU, and SAQS. PGDM programmes are available at the Institute of Management Technology in Ghaziabad (Post Graduate Diploma in Management).