An MBA still remains one of the most coveted courses in India. However, with nearly 3200 B-Schools in the country and hundreds of them shutting shop every year, the quality and returns remain a big question. Hence target all top B-Schools with the best return of investment in India. Since an MBA is already one of the most expensive degrees in India, the continuously escalating tuition fees is a concern when it comes to getting decent returns on investment.

However, there are some schools that provide quality education, peer learning, and industry exposure. They promise an excellent return on your investment, due to low fees and better placements.

Target all these Top B-Schools with the Best Return of Investment in India:

1. Indian Institute of Management Ahmedabad (IIM-A)

Indian Institute of Management Ahmedabad (IIMA) is a government institute located in Vastrapur, Ahmedabad. The institute was established in the year 1961 set up by the Government of India with the collaboration of the Government of Gujarat and Indian industry as an independent institute. The Institute gives guidance, coaching, consulting, and research in management. In 2018, the IIM Ahmedabad is the No. 1 management institute by the NIRF, Management ranking. IIM Ahmedabad is consistently rated as the Top B-School in India by reputed national agencies like Outlook, Business Today, Business India, etc. IIMA aims to educate leaders of the future where they contribute their effort to make a difference in the organizations and to the world around them.

The Campus of Indian Institute of Management Ahmedabad is surrounded by lush green oases. The campus of IIMA is spread over 100 acres of land in which institute provides modern teaching with the latest technologies. The classroom of IIMA is facilitated with modern teaching mounted with LCDs projectors to make the learning the easy & effective. The institute has five seminar halls & Dormitories with a total capacity of around 750 students.

Courses offered:

  • Post Graduate Programme in Management (PGP)
  • Post Graduate Programme in Management for Executives PGPX
  • Post Graduate Programme in Food and Agri-Business ManagementPGP-FABM
  • Fellow Programme in Management (FPM)

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2. Indian Institute of Management Bangalore (IIM-B)

In Bangalore, India, the Indian Institute of Management Bangalore (IIM Bangalore or IIMB) is a public business school and an Institute of National Importance. According to the QS World University Rankings and the Financial Times Global MBA Rankings, IIMB is a globally ranked institution. Postgraduate, doctoral, executive education, and certificate programs are available at the institute. The MBA program is the institute’s flagship program, and it is available in three formats: one-year full-time, two-year full-time, and executive (weekend). Candidates accepted through the Common Admission Test are eligible for the Post Graduate Programme in Management (PGP), a two-year full-time residential MBA program (CAT). For applicants enrolled through the Graduate Management Admission Test, IIM Bangalore offers the Executive Post Graduate Programme in Management (EPGP), a one-year full-time MBA program (GMAT).

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3. Indian Institute of Management Calcutta (IIM-C)

In Joka, Kolkata, West Bengal, India, the Indian Institute of Management Calcutta is a public business school. It was the first Indian Institute of Management to be created, and the government of India designated it as an Institute of National Importance in 2017. IIM Calcutta is placed 17 in the Financial Times’ Masters in Management Ranking 2019 and 42 in the Financial Times’ Global MBA Ranking 2020. It was ranked 101-110 in the world and 13 in Asia in the QS Global 250 MBA Rankings 2020.

The Institute of Management Calcutta provides five main full-time academic programs:

  • The two-year full-time MBA program with a Post Graduate Diploma in Management (PGDM).
  • PGDBA (Postgraduate Diploma in Business Analytics) — A two-year full-time business analytics program.
  • MBA for Executives (MBAEx) (Formerly Post Graduate Programme for Executives or PGPEX) – One-year full-time MBA program for executives.
  • Fellow Programme in Management (FPM)
  • Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM) – One-year, full-time Executive MBA programme

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4. FMS (Faculty of Management Studies), Delhi

FMS is considered one of the best B-School in terms of ROI. It is one of India’s oldest colleges, founded in 1954 and owned by the government. To apply in FMS students need to register and fill the application form along with the Rs.1000 application fee payment. Candidates get shortlisted through CAT scores go through Extempore and GD-PI to get admission.

Some of the top recruiters are Flipkart, Microsoft, Airtel, Capgemini ELITE, Amazon, Shell, American Express, IDBI Bank, JP Morgan chase, Edelweiss Capital, Axis Bank, India Bulls, SBI Capital Services, Cadbury India Limited, Kellogs, ITC, Maruti Udyog Limited, Nestle, TATA Motors, P&G, Whirlpool, Gillette, GSK, IBM Consulting, Wipro, TCS, etc.

Exam Accepted CAT
Courses Offered MBA
Fees 1.92 Lakhs
Average Placement 25.6 LPA
No. of Seats 287


5. ISB (Indian School of Business), Hyderabad

ISB is a private business college established in 2001. It is accredited by AACSB. It has spread across 260 acres in the city of Hyderabad. Some of the top recruiters at ISB are

ABP News Network Pvt Ltd, Accenture Solutions Pvt Ltd, Amazon, Amway, Aditya Birla Group, Adani group, Apple South Asia Pte Ltd, Axis Bank, Airtel, Bajaj Finserv, Goldman Sachs. Johnson & Johnson, Citibank N.A., Cognizant, Colgate Palmolive India Limited, Deloitte USI,,, Godrej Industries Limited, Google India Pvt Ltd, HDFC Bank, HUL, ICICI Bank, KPMG, and Loreal India Pvt Ltd, etc.

Exam Accepted: GMAT
Courses Offered: PGPM
Fees: Rs 39.63 Lakhs
Average Placement: Rs 34.07 LPA
No. of Seats: 886

6. Indian Institute of Management Lucknow (IIM-L)

IIM Lucknow (also known as IIM-L) is a public business school in Lucknow, Uttar Pradesh, India. The Government of India founded it as the fourth Indian Institute of Management (IIM) in 1984. Post-graduate diplomas, fellowships, and executive management programmes are available at IIM Lucknow. India’s Ministry of Human Resource Development has designated it as a “Institution of Excellence.” IIM Lucknow also serves as a mentor institution for IIM Jammu, IIM Rohtak, and IIM Kashipur, all of which were recently created. Until 2018, it also acted as a mentor institute for IIM Sirmaur. In 2020, it was ranked 4th among management colleges by the National Institutional Ranking Framework (NIRF).

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7. Indian Institute of Management Kozhikode (IIM-K)

The Indian Institute of Management Kozhikode (IIMK) is a self-governing public business school in Calicut (Kozhikode), Kerala. This institute, which was established in 1996 by the Government of India in partnership with the State Government of Kerala, is one of the best MBA colleges in South India. It is one of the 20 Indian Institutes of Management (IIMs). It was the fifth IIM to open its doors. The two-year MBA programme is the industry’s premier education programme, designed to educate young graduates for senior-level roles. Through self-study, group work, open-ended debates, and real-life projects, the institute emphasises a rigorous grading system and a “learning to learn” approach.

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8. Indian Institute of Management Indore (IIM-I)

The Indian Institute of Management Indore (also known as IIM-I) is an independent public business school in Indore, Madhya Pradesh, India. IIM Indore, which opened in 1996, is the sixth addition to the Indian Institute of Management (IIM) family of management schools and, like the other IIMs, was designated as an institute of national importance in 2017. The National Institutional Ranking Framework (NIRF) placed IIM-I sixth among Indian management schools in 2020. Post Graduate Programme in Management (PGP), Post Graduate Programme in Human Resource Management (PGP-HRM), Fellow Programme in Management (FPM), and Executive Post Graduate Programme in Management are some of the courses provided by the institute (EPGP)

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9. XLRI (Xavier School of Management), Jamshedpur

XLRI was formerly known as Xavier Labour Relations Institute. It was established in 1949. It is approved by AICTE and credited by NBA, AMBA, and AACSB. They offer specialisation in business administration, human resource management and general management. The Institute gives students box placement support and global visibility. Every year some of the reputed companies visit the campus for placements. They are best in the field of HRM.

Recruiters include JP Morgan Chase, TATA Hitachi, TCS, VLCC, ITC, Muthoot Fincorp, Infosys DCG, Dell, ICICI Bank, Trident, Goldman Sachs, Cognizant, Amazon, Axis Bank, L&T ECC, KPMG, Hexaware, HCL, Tech Mahindra, OYO and Byjus, etc.

Exam Accepted: XAT, GMAT
Courses Offered: PGDM
Fees: Rs.16.8 Lakhs
Average Placement: Rs.24.3 LPA
No. of Seats: 180


10. SP Jain Institute of Management & Research (SPJIMR), Mumbai

S.P Jain Institute of Management and Research (popularly known as SPJIMR, Mumbai) is the most prestigious management school, situated in Mumbai, Maharashtra, India. It is an autonomous institute with entrepreneur agility and a part of the Bharatiya Vidya Bhavan.

SPJIMR, Mumbai consistently ranked amongst the Top-10 management institutes in the country. Founded in 1981 by the then British PM, Margaret Thatcher, SPJIMR mission is to Influence Practice and Promote Value-based Growth.

SPJIMR offers PGDM (Post Graduate Diploma in Management) course in a full-time residential mode in various specializations including Finance, Information Management, Marketing Management and Operations & Supply Chain Management. The institute also offers Post Graduate Program in Management, Global Management Program (GMP), Post Graduate Management Program for Women (PGMPW), Fellow Program in Management (FPM) and some Executive Certificate courses in various specializations.

Exam Accepted: CAT, XAT, GMAT
Courses Offered: PGDM
Fees: Rs.17.5 Lakhs
Average Placement: Rs.26.36 LPA
No. of Seats: 240

  Courses offered:

  • Post Graduate Diploma in Management (PGDM),
  • Post Graduate Programme in Management (PGPM), Global Management Programme (GPM),
  • Post Graduate Management Programme for Women (PGMPW),
  • Post Graduate Programme in Family Business Management(PGPFMB)
  • Owner Management Programme (OMP),
  • Post Graduate Programme in General Management( PGPGM)

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