Top MBA Colleges in India Other than IIMs: Ranking, Fee, Annual Package and Other Details

Top Non-IIM Management Colleges in India: An MBA aspirant's pursuit shouldn't be confined solely to securing a spot in the IIMs. Numerous prestigious non-IIM colleges in India fall under the category of Ivy League MBA institutes, offering excellent education within a highly competitive environment. If you don't meet the prerequisites for securing admission in an IIM, don't panic. Several other top non-IIM MBA colleges in India provide curriculum and academic environment similar to that of IIMs. Below, we provide a list of top non-IIM MBA colleges/institutes that can serve as viable alternatives for your consideration.

Top MBA Colleges in India Other than IIMs

Apart from 20 IIMs, there are many other top B-schools in India that admit candidates based on their CAT scores. These colleges offer a similar structure and environment for management studies that is competitive enough to the IIMs. Check out the list and other details of the top 20 MBA colleges in India other than the IIMs based on NIRF ranking 2023. 

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

Department of Management Studies, IIT Delhi

The Department of Management Studies, IIT Delhi, also known as DMS IIT Delhi, is a school of management education and research in the Indian Institute of Technology, Delhi. The department was established in 1993. The department currently runs a two-year full-time MBA programme.

• NIRF Ranking: 5
• Location: New Delhi
• Fee: Rs. 11.20 Lakh
• Annual Median Package: Rs. 20 LPA

National Institute of Industrial Engineering, Mumbai

The National Institute of Industrial Engineering (NITIE), now the Indian Institute of Management Mumbai (IIM Mumbai) is one of the top B-schools in India. It was established by the Government of India in 1963 to create skilled professionals.

• NIRF Ranking: 7
• Location: Mumbai, Maharashtra
• Fee: Rs. 14 Lakh
• Annual Median Package: Rs. 31 LPA

XLRI-Xavier School of Management

Xavier School of Management formerly Xavier Labour Relations Institute (XLRI) is a private business school. It was founded in 1949 by the Society of Jesus (Jesuits). This is the oldest B-school in India.

• NIRF Ranking: 9
• Location: Jamshedpur, Jharkhand
• Fee: Rs. 28 Lakh 
• Annual Median Package: Rs. 30 LPA

Shailesh J. Mehta School of Management, IIT Bombay

Shailesh J. Mehta School of Management (SJMSOM or simply SOM) is a public business school and part of the Indian Institute of Technology Bombay. SJMSOM was established in 1995.

• NIRF Ranking: 10
• Location: Mumbai, Maharashtra 
• Fee: Rs. 14 Lakh
• Annual Median Package: Rs. 25 LPA

Management Development Institute

Management Development Institute (MDI) is a private business School in India. It was established in 1973 by the Industrial Finance Corporation of India.

• NIRF Ranking: 13
• Location: Gurugram, Haryana
• Fee: Rs. 24 Lakh
• Annual Median Package: Rs. 27 LPA

Vinod Gupta School of Management, IIT Kharagpur

Vinod Gupta School of Management, IIT Kharagpur is the first business school to be established in an Indian Institute of Technology (IIT). It was established in 1993 to create management professionals with a strong technological background.

• NIRF Ranking: 14
• Location: Kharagpur, West Bengal
• Fee: Rs. 3 Lakh
• Annual Median Package: Rs. 18 LPA

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

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

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

S.P. Jain Institute of Management & Research

The Shreyans Prasad Jain Institute of Management and Research (SPJIMR) is a private business school based in Mumbai. It was founded in 1981 under the aegis of Bharatiya Vidya Bhavan.

• NIRF Ranking: 20
• Location: Mumbai, Maharashtra
• Fee: Rs. 20 Lakh
• Annual Median Package: Rs. 30 LPA