MBA: Check Eligibility, Top Colleges, Fees and Job Outcomes

StudyRiserr Team

Last Updated on - 3 Sep 2024

MBA is a postgraduate program for 2 years dealing with the concepts of leadership and business management. MBA full form is Masters in Business Administration that is based on various specializations like Finance, Human Resource, Marketing and Business Analytics. 

Around 4,500 colleges in India offered various MBA courses. As per NIRF ranking 2024, the top colleges are IIM Ahmedabad, IIM Bangalore, XLRI Jamshedpur, and IIT Bombay. You must have 50% marks in bachelor’s degree to apply for the program. You are required to appear entrance exams like CAT, SNAP, XAT, CMAT, NMAT, IIFT, MAT, IBSAT etc. 

MBA fees in India varies from INR 50,000-INR 40 lakhs as per different colleges for the entire course study. After completing the degree, you can get wide career options like Finance Manager, Marketing Manager and Product Manager. Top companies to hire MBA graduates in India are Amazon, Google, Deloitte and TCS. You can earn an average annual salary of 7-12 lakhs as freshers and with professional experience, you can get up to 70-100 LPA.

Why Study MBA in India?

You can get numerous benefits for studying MBA in India. The major reasons for choosing MBA in India are as follows:

  • You can get great employment opportunities in varies job portals after MBA in India. LinkedIn offers 26,000+ and Naukri has around 1,67,600 MBA jobs in India for recent graduates.
  • You will get a promising career in various job positions like HR Manager, Project Manager, Marketing and Sales Manager. 
  • You will earn high salary between 7-12 lakhs, and it can rise to 100 LPA based on your experience. 
  • The employability rate of Business Administration graduates in India is 71% in 2024.

Top Specialisations of MBA in India 

If you consider full time program, MBA course duration is for 2 years. In this program, you need to learn the basic management principles and administrative roles. The program is based on various topics like marketing management, financial management, business environment and law and consumer behaviour. The top MBA courses in India are as follows:

  • Banking and Finance
  • Marketing
  • Business Analytics
  • Digital Marketing
  • Information Technology Operations Management
  • Human Resources Management

Eligibility Criteria for MBA in India

You must meet the eligibility criteria to apply for MBA best colleges in India. Top tier universities like IIM requires high scores of around 50-60% marks in bachelor’s degree and CAT score of 80 or above. You also need to attend interview and written test to apply for top colleges of MBA in India. The eligibility criteria for MBA in India are detailed below:

  • Minimum 50% marks in bachelor’s degree from a recognized institution. 
  • For IIM and IITs, minimum 60% of marks in required.
  • For SC, ST & PwD candidates, minimum 45% marks is required.
  • You must have completed 3 or 4-years of bachelor’s degree.
  •  You must qualify entrance exams CAT, CMAT, MAT and XAT to apply for top colleges. 

MBA Admission Entrance Exam

Scoring well in entrance exam will secure your chances of admission to MBA colleges in India. Among the entrance exams for MBA, CAT is the main to get into IIMs and IITs. You must register for the MBA entrance exam from the official portal before the deadline expires. The table below states the last date to apply for MBA entrance exam:

MBA Entrance Exam 

Last Date to Apply

CAT 2025 

20 September 2025 (tentative)

SNAP 2024 

22 November 2024

MAT 2024 

30 November 2024 (CBT 1) 

07 December 2024 (PBT) 

15 December 2024 (CBT 2)

CMAT 2025 

23 April 2025 (tentative)

IIFT 2024 

16 December 2024 (tentative)

XAT 2025 

30 November 2024

ATMA 2025 

15 October 2025 (tentative date)

OJEE 2025 

15 March 2025 (tentative date)

IBSAT 2024 

20 December 2024

TANCET 2025 

07 February 2025 (tentative date)

TSICET 2025 

07 March 2025 (tentative date)

NMAT 2025

13 October 2025 (tentative date)

APICET 2025 

07 March 2025 (tentative date)

Karnataka PGCET 2025 

20 June 2025 (tentative date)

Top MBA Colleges in India

In India, you can find top business colleges offering MBA courses. The course fees vary from INR 50,000-INR 40 lakhs as per different colleges. The table below states the fees for best MBA colleges in India:

Colleges 

Program Fees

Indian Institute of Management (IIM), Ahmedabad

INR 34.15 lakhs

Indian Institute of Management (IIM), Bangalore

INR 26 lakhs

Indian Institute of Management (IIM), Kolkata

INR 31 lakhs

Indian School of Business (ISB) 

INR 41.78 lakhs

XLRI (Xavier School of Management), Jamshedpur

INR 24 lakhs

IIFT, New Delhi

INR 21.82 lakhs

FMS (Faculty of Management Studies), New Delhi

INR 1.14 lakhs

SP Jain Institute of Management & Research

INR 16 lakhs

Scholarships for MBA in India

In case you have financial crisis, you can apply for scholarships to pursue MBA in India. You must have strong academic performance to be eligible for the scholarships. The table below states the eligibility and amount granted by popular scholarships for MBA in India:

Scholarships

Eligibility Criteria

Amount Granted

IIM Ahmedabad Special Need Based Scholarships

Students having family income less than INR 15 lakhs

Varies

IIM Bangalore Aditya Birla Scholarship

Students belonging to the family having household income less than INR 8 lakhs per year.

INR 1.75 lakh

IDFC First Bank MBA Scholarship

Students having family income below INR 6 lakhs per annum.

INR 2 lakhs

ONGC Merit Scholarship

Extremely meritorious students having acute financial crisis

INR 48,000 on annual basis

XLRI, T Thomas Scholarship

Students having good academic merits are eligible

INR 1 lakhs

Jobs after MBA in India

You can earn an average annual salary of INR 9,80,000 after MBA jobs in India. Top recruiting companies to hire MBA graduates are:

  • Deloitte
  • Amazon
  • Google
  • TCS
  • Wipro
  • EY
  • McKinsey
  • Deutsche Bank
  • HCL Tech

You can get jobs in Finance and Management sectors after seeking MBA degree in India. The table below states the annual average salary of the job roles attained by students after MBA in India:

Job Roles

Average Annual Salary

Human Resources (HR) Manager

INR 8,08,354

Project Manager

INR 1,516,652

Human Resources (HR) Generalist

INR 4,30,226

Human Resources (HR) Business Partner

INR 9,46,427

Marketing Manager

INR 1,024,472

Operations Manager

INR 9,36,022

Aspirants intending to seek an MBA degree in India must have 50% or higher marks in bachelors. You must apply for CAT exam with 80 percentile score or above to get chance to top colleges like IIMs and IITs. For other institutions, you can apply by qualifying other entrance exams like SNAP, MAT, XAT etc. You can apply for scholarships and get up to INR 1 lakhs benefit to afford the expenses of pursuing the program.

FAQ - MBA

Ans. MBA program is based on learning business, management and leadership skills. The high paying top specializations for MBA are Finance, Business Analytics, Information Technology Management, Event Management and International Business.

Ans. You can earn a salary ranging from 7-12 LPA as a fresher of MBA program. After gaining professional experience, you can get up to 70-100 LPA in different leadership roles.

Ans. You must have 50% of marks in bachelor’s degree to apply for MBA in Indian universities. You must qualify entrance exams like CAT, XAT, MAT, CMAT or OJEE for pursuing MBA programs.

Ans. You can learn the key topics related to business management for seeking an MBA degree. The subjects of MBA include marketing, HR management, finance management, business laws, entrepreneurship, organisational and consumer behaviour, taxation and retail management.

Ans. MBA program is a 2-year postgraduate program. You can learn various topics related to finance, marketing, operations, business strategy and human resources. 

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