Are you planning to build a career in management but unsure about the investment required? Different management institutes in India offer varying returns on investment (ROI). Further, not every college will charge the same MBA fee, making it essential to research thoroughly. Hence, research not only to make sound financial decisions but also to shape your career effectively. So, below, we provide insights into the fees, entrance exams, and average salary packages offered by the top management schools in India. Hence, take a look at the MBA fees in India to find out which college fits your budget best!
Entrance Exams Accepted, Average Package and MBA Fees in India
MBA Tier 1 Colleges
If you’re interested in taking admission in such tier 1 colleges, then you should start preparing for the CAT exam. As, only high scores can help you make it to such prestigious institutes. Thus, begin your CAT online coaching as soon as possible and nail your exam!
| Colleges | Fees | Average Package | Exams Accepted |
| IIM Ahmedabad | 25 Lakhs | 36.14 LPA | CAT |
| IIM Bangalore | 24.5 Lakhs | 35.92 LPA | CAT |
| FMS Delhi | 2 Lakhs | 34.1 LPA | CAT |
| ISB | 45 Lakhs | 33.25 LPA (80% mean) | GMAT |
| IIM Lucknow | 20.75 Lakhs | 30 LPA | CAT |
| XLRI Jamshedpur | 27.4 Lakhs | 29.89 LPA | XAT |
| IIM Kozhikode | 22.5 Lakhs | 28.05 LPA | CAT |
| SPJIMR | 22.5 Lakhs | 33 LPA | CAT |
| IIM Indore | 21.14 Lakhs | 25.68 LPA | CAT |
| IIM Mumbai (NITIE) | 21 Lakhs | 33.84 LPA | CAT |
| JBIMS | 6.1 Lakhs | 26.12 LPA | CAT/ MAH-CET/ CMAT |
| IIFT Delhi | 21.7 Lakhs | 29.1 LPA | CAT |
| XLRI Delhi | 28.6 Lakhs | 28.89 LPA | XAT |
| NMIMS Mumbai | 25 Lakhs | 25.13 LPA | NMAT |
| SIBM Pune | 26.59 Lakhs | 28.16 LPA | SNAP |
| MDI Gurgaon | 24.99 Lakhs | 25.5 LPA | CAT |
MBA Tier 2 Colleges
| Colleges | Fees | Average Package | Exams Accepted |
| IIM Shillong | 26 Lakhs | 26.1 LPA | CAT |
| IIT Bombay-SJMSOM | 14.77 Lakhs | 28.01 LPA | CAT |
| IIT Delhi | 12 Lakhs | 25.82 LPA | CAT |
| TISS Mumbai | 1.85 Lakhs | 26.31 LPA | CUET-PG |
| IIM Udaipur | 20.43 Lakhs | 20.09 LPA | CAT |
| IIM Trichy | 19.5 Lakhs | 19.43 LPA | CAT |
| IIM Raipur | 18 Lakhs | 21.04 LPA | CAT |
| IIM Kashipur | 17.3 Lakhs | 18.1 LPA | CAT |
| IIM Ranchi | 17.5 Lakhs | 19.13 LPA | CAT |
| IIM Rohtak | 18 Lakhs | 19.27 LPA | CAT |
| IIT Kharagpur-VGSOM | 11.6 Lakhs | 20.83 LPA | CAT |
| BITSOM | 27.2 Lakhs | 23.41 LPA | CAT |
| SCMHRD | 29 Lakhs | 24.28 LPA | SNAP |
| XIMB | 24.4 Lakhs | 19.53 LPA | XAT |
| IIT Roorkee-DMS | 9.68 Lakhs | 18.3 LPA | CAT |
| IMI Delhi | 20.95 Lakhs | 16.71 LPA | CAT/ XAT |
| IMT Ghaziabad | 21.53 Lakhs | 17.35 LPA | CAT/ XAT |
| GLIM Chennai | 20.8 Lakhs | 15.1 LPA | CAT/ XAT |
| IIT Madras-DOMS | 1.88 Lakhs (Day scholar) | 16.93 LPA | CAT |
| IIT Kanpur-DOMS | 3.66 Lakhs | 18.2 LPA | CAT |
| IIM Amritsar | 14.78 Lakhs | 19.73 LPA (Top Quartile) | CAT |
MBA Tier 3 Colleges
| Colleges | Fees | Average Package | Exams Accepted |
| IIM Vizag | 17.83 Lakhs | 15.61 LPA | CAT |
| IIM Jammu | 18.85 Lakhs | 15.4 LPA | CAT |
| IIM Bodh Gaya | 17.96 Lakhs | 13.9 LPA | CAT |
| IIM Sambalpur | 21.01 Lakhs | 14.21 LPA | CAT |
| IIM Sirmaur | 17.5 Lakhs | 14.45 LPA | CAT |
| GIM Goa | 19.4 Lakhs | 14.81 LPA | CAT/ XAT |
| IRMA | 18.69 Lakhs | 14.14 LPA | CAT |
| IIT Dhanbad | 3.67 Lakhs | 17.01 LPA | CAT |
| TAPMI | 17.94 Lakhs | 13.84 LPA | CAT/ XAT/ GMAT/ NMAT |
| K. J. Somaiya Institute | 20.86 Lakhs | 14.5 LPA (Top 300) | CAT/ XAT/ GMAT/ NMAT/ CMAT |
| LBSIM | 16.44 Lakhs | 12.31 LPA | CAT/ XAT |
| FORE School of Management | 18.27 Lakhs | 16.01 LPA | CAT/ XAT |
| IFMR | 19.06 Lakhs | 13.04 LPA | CAT/ XAT/ CMAT/ NMAT |
| DBE DU | 97k | 11.97 LPA | CAT |
| DSE DU | 48k | 13.5 LPA | CAT |
Entrance Exams
Now that you have full information about MBA fees in India checkout the entrance exams for taking admission in top management colleges:
CAT: Common Admission Test
Conducted by: Indian Institutes of Management (IIMs)
The prestigious CAT exam is conducted once every year, every last Sunday of November. This exam opens doors to admission in more than 1,000 business schools across India. Moreover, excelling in this exam can secure admission into the renowned IIMs and other top MBA colleges for an MBA degree. So, start preparing for the CAT exam now! Review the CAT syllabus and practice each topic as much as you can.
GMAT: Graduate Management Admission Test
Conducted by: Graduate Management Admission Council (GMAC)
Unlike CAT, the GMAT is not limited to once a year. In fact, it is conducted multiple times a month. Further, excelling in this exam can lead to admission to the esteemed Indian School of Business, as well as many prestigious MBA programs abroad.
XAT: Xavier Aptitude Test
Conducted by: Xavier School of Management (XLRI), Jamshedpur
This national-level management entrance exam is a gateway to the prestigious XLRI Jamshedpur. It is usually conducted once a year in January. The exam tests a candidate’s verbal and logical ability, decision-making, quantitative ability, data interpretation, and general knowledge.
SNAP: Symbiosis National Aptitude Test
Conducted by: Symbiosis International (Deemed) University
This 1-hour test can be taken once, twice, or thrice on different dates in December. It opens doors for admission to 17 Symbiosis institutes. Further, it assesses candidates on general English, analytical and logical reasoning, quantitative ability, data interpretation, and data sufficiency.
NMAT: NMIMS Management Aptitude Test
Conducted by: Graduate Management Admission Council (GMAC)
This 2-hour management entrance test offers the opportunity to gain admission to the prestigious NMIMS. Moreover, it tests language skills, quantitative skills, and logical reasoning. In fact, you can take the exam up to three times.
CMAT: Common Management Admission Test
Conducted by: National Testing Agency (NTA)
This 3-hour, computer-based, national-level management entrance exam is conducted once a year. Moreover, it evaluates students on language comprehension, quantitative ability, data interpretation, general knowledge, logical reasoning, innovation, and entrepreneurship. Further, institutes like SRM Institute of Science and Technology, and Asia Pacific Institute of Management, Delhi, etc. accept CMAT scores.
MAH-CET: Maharashtra Common Entrance Test
Conducted by: State Common Entrance Test Cell, Maharashtra
This 2.5-hour exam serves as a gateway to prestigious institutions like JBIMS, SIMSREE, and ITM Business School. Further, the computer-based test examines candidates on logical reasoning, verbal ability and reading comprehension, abstract reasoning, and quantitative aptitude.
CUET-PG: Common University Entrance Test – Postgraduate
Conducted by: National Testing Agency (NTA)
This 1 hour 45-minute entrance exam is conducted once a year. It opens doors for admission to institutions like the Indian Institute of Tourism and Travel Management, Indian Institute of Information Technology Lucknow, NIIT University, and more.
Wrapping Up
With the right research, you can build your dream career in management. The information above offers more than just details on MBA fees in India. It also helps you understand which colleges provide the best ROI and which one suits you best. Thus, use this information to make sound decisions. Further, start preparing for the management entrance exams such as CAT. Use the free MBA preparation material available online to get ready for the entrance exams. Put in your best effort and advance your career! Good luck!
