Best MBA Courses: In Demand, Specializations, Online, For Working Professionals, Abroad 2023

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Best MBA Courses are offered by top business schools like the IIMs, IITs, XLRI Jamshedpur, FMS Delhi, SPJIMR Mumbai, MDI Gurgaon, Narsee Monjee Mumbai, Symbiosis Pune, IIFT Delhi, TAPMI Manipal, etc.

  • Best MBA Courses include MBA Specializations, in the field of Finance, Marketing, HR, and Operations which are considered the best MBA courses due to their high demand, and multiple job prospects.
  • Best MBA Courses are also decided based upon the MBA colleges which are offering that course, full-time PGP, MBA-PGP, and executive MBA courses from IIM Ahmedabad, IIM Bangalore, and IIM Calcutta rank among the top colleges that offer the best MBA courses. Check: Best MBA Colleges
  • Best MBA courses also include some Online MBA courses and MBA Abroad courses, like Amity University UGC approved online MBA is the best MBA course online.
  • The eligibility criteria for all these MBA courses is a bachelor’s degree from any stream with an aggregate of 50%, and a good score in entrance exams like CAT, XAT, or GMAT.

The average annual fee in all these MBA colleges is around INR 10,00,000. 

The average salary after the best MBA courses range from INR 20,00,000-23,00,000 and can go up to INR 27,00,000.

Best MBA Courses in Demand in India

The table below lists the best MBA courses in demand in India as per user rating and NIRF MBA college ranking, then the following sections discuss each of these programs in detail:

MBA Program Top MBA Colleges NIRF Ranking
PGP IIM Ahmedabad 1
PGP IIM Bangalore 2
MBA-PGP IIM Calcutta 3
PGP IIM Lucknow 4
MBA IIT Kharagpur 5
PGP IIM Kozhikode 6
PGP IIM Indore 7
MBA DMS IIT Delhi  8
PGDM (BM) XLRI Jamshedpur 9
PGPM MDI Gurgaon 10
PGDM SPJIMR Mumbai 18
MBA (full time) FMS New Delhi 35

IIM Ahmedabad PGP

The 2-Year Post Graduate Program in Management is one of the best programs in India to date, in terms of the course curriculum, and placements.

The average fee of a PGP Program at IIM Ahmedabad is INR 23,00,000.

MBA Program Post Graduate Program in Management (PGP)
Admission Process CAT, GMAT
Average Placement Offer INR 25,00,000
Top Recruiters Accenture, HSBC, Microsoft, J.P. Morgan, KPMG, Boston Consulting Group

Check: PGP Jobs

Why PGP at IIM Ahmedabad?

  • PGP at IIMA has been running successfully for more than 50 Years, and it is a top-ranked MBA Course in the world.
  • The course has successfully created some budding business leaders and entrepreneurs.
  • It has a diverse student background, from sectors such as IT, Banking, Finance, Marketing, CA, and many more.
  • It has a course curriculum that focuses on various aspects of the business world, such as NGOs, Government Policy, Research, and academics.

IIM Bangalore PGP

The Post Graduate Program in Management is a full-time 2-Year program at IIM Bangalore, which is considered one of the top MBA Courses in terms of placements.

The average fee of a PGP program at IIM Bangalore is INR 23,00,000.

MBA Program Post Graduate Program in Management (PGP)
Admission Process CAT, GMAT
Average Placement Offer INR 26,18,000
Top Recruiters The Boston Consulting Group, Bain and Company, Accenture Strategy, Amazon, Kearney, McKinsey and Company

Why PGP at IIM Bangalore?

  • PGP at IIM Bangalore is considered one of the top MBA Courses in terms of placements and offers summer projects.
  • The course curriculum is designed to learn about management and its current issues, along with some aspects of the business.
  • It also focuses on areas like Corporate Governance, Capital Market, Policy, Supply Chain Management, etc.

IIM Calcutta MBA-PGP

The full-time 2-Year program in MBA Post Graduate Program at IIM Calcutta is aimed at teaching students the concepts of management, and changes in the economy, technology, politics, and environment at a global level.

The average fee for MBA at IIM Calcutta is INR 23,00,000.

MBA Program Master of Business Administration- Post Graduate Program
Admission Process CAT, GMAT
Average Placement Offer INR 27,80,000
Top Recruiters Accenture Strategy, McKinsey & Company, Bain & Company, Boston Consulting Group, Goldman Sachs, Gartner

Why MBA-PGP at IIM Calcutta?

  • IIM Calcutta is considered one of the prestigious institutes in terms of placement records.
  • It focuses on key aspects of Accounting, Finance, Marketing, Operations, and Management.
  • It offers students to spend a term abroad, in its international exchange program.
  • The campus is situated in a lush green area and is a beautiful campus.

IIM Lucknow PGP

The Post Graduate Program at IIM Lucknow is a 2-Year full-time residential program to develop analytical skills to increase the efficiency and effectiveness of organizations.

The average fee of PGP at IIM Lucknow is INR 14,16,000.

MBA Program Post Graduate Program
Admission Process CAT, GMAT
Average Placement Offer INR 23,00,000- INR 24,00,000
Top Recruiters 3M India, AB InBev, ABG, Accenture, Adani, Adobe, Airtel

Why PGP at IIM Lucknow?

  • PGP at IIM Lucknow aims to impart integrated knowledge with a focus on the internalization of knowledge.
  • It trains you to deal with environmental influences to ensure a prospering economy.
  • It promotes building a good corporate and professional relationship.
  • A high degree of training and learning to develop good managerial skills.
  • Inculcating values and ethics to become a good manager.

IIT Kharagpur MBA

IIT Kharagpur MBA is a full-time 2-Year program offered by Vinod Gupta School of Management (VGSoM).

The average fee of an MBA Course at IIT Kharagpur is INR 16,11,000.

MBA Program Master of Business Administration
Admission Process CAT, GMAT
Average Placement Offer INR 18,10,000
Top Recruiters Accenture Digital, Amazon, Arvind, Blackbuck, Bloomberg, Crompton, Deloitte

Also Check: MBA Jobs and MBA Salary.

Why MBA at IIT Kharagpur?

  • They have an international immersion program, in collaboration with Lee Kong Chian School of Business.
  • The students are offered live projects from DBS Bank, Citi Bank, GSK, etc. during this program based on their prior work experience.
  • The course curriculum at IIT Kharagpur is designed to add value to one’s career goals or entrepreneurial initiatives.
  • They train students in such a way that they can build a niche for themselves in any domain they work in.

IIM Kozhikode PGP

Post Graduate Program at IIM Kozhikode is a full-time 2-Year program that includes an international exchange program in its course curriculum.

The average fee for PGP Course at IIM Kozhikode is INR 20,50,000.

MBA Program Post Graduate Program
Admission Process CAT, GMAT
Average Placement Offer INR 23,08,000
Top Recruiters Accenture, BlackRock, Credit Suisse, Deloitte, Fidelity Investments, Goldman Sachs

Why PGP at IIM Kozhikode?

  • The program is curated to help candidates fetch senior-level positions in their areas of interest.
  • It emphasizes projects, group discussions, self-study apart from classroom learning.
  • It focuses on developing social values along with its course curriculum.
  • It has an international exchange program that allows students to spend one term at partner universities like EDHEC Business School, Abu Dhabi University, University of Hull, UK, and many more.

IIM Indore PGP

Post Graduate Program at IIM Indore is a 2-Year full-time program, accredited by the association of MBAs, London.

The average fee for a PGP program at IIM Indore is INR 16,00,000.

MBA Program Post Graduate Program in Management
Admission Process CAT, GMAT
Average Placement Offer INR 22,92,000
Top Recruiters Avalon Consulting, Axis Bank, Amazon, Asian Paints, Capgemini

Why PGP at IIM Indore?

  • The college helps students to work in both national and international environments, through their student exchange programs.
  • They have a unique rural immersion program, to help students understand the social aspects of working in an organization.
  • They also have a Himalayan Outbound Program, to train students to work in an unfamiliar environment.
  • In the first year of this course, students visit a company once a week to have better practical exposure.

IIT Delhi MBA

MBA from IIT Delhi is a 2-Year full-time course that focuses on teaching aspects of both conventional and modern management. 

It offers MBA in various streams like Finance, Marketing, Operations Management, and Information systems.

The average fee for an MBA course at IIT Delhi is INR 9,60,000.

MBA Program Masters of Business Administration
Admission Process CAT
Average Placement Offer INR 22,69,000
Top Recruiters Accenture Strategy, Bain & Company, Barclays, Shell, Wipro, Accenture Digital, Boston Scientific

Why MBA from IIT Delhi?

  • With an average fee of INR 9,00,000 which is comparatively less than IIMs, but equally good placement offers, MBA from IIT Delhi is a clever option.
  • It has supported many student startups, for example, Dream Weaver.
  • It supports many international projects and provides consultancy services to international organizations like Dubai Port Authority, U.S. Air Force Eloqua, Germany.
  • It welcomes students from abroad to study one semester on its campus, widening its student diversity.

XLRI Jamshedpur PGDM (BM)

The postgraduate diploma in business management is a 2-Year full-time program at XLRI Jamshedpur. It aims to impart knowledge on Indian and International Business, and concepts of management.

The average annual fee of PGDM (BM) course at XLRI Jamshedpur is INR 11,80,000.

MBA Program Postgraduate Diploma in Business Management
Admission Process XAT/GMAT
Average Placement Offer INR 24,30,000
Top Recruiters KPMG, PricewaterhouseCoopers, Boston Consulting Group, Accenture Strategy

Why PGDM (BM) at XLRI Jamshedpur?

  • The MBA course fee is comparatively low, but the placement offers are high as any other MBA top colleges.
  • The course curriculum focuses on leading sectors such as finance, marketing, economics, operations, etc.
  • It offers International Student Exchange Programs in collaboration with leading business schools across the globe. 
  • Students get exposure to industries and business schools situated abroad.

MDI Gurgaon PGPM

The post graduate program in management (PGPM) is a 2-Year full-time program at MDI Gurgaon, designed to teach managerial skills from a global perspective.

The average fee of a 2-Year MBA course at MDI Gurgaon is INR 21,34,000.

MBA Program Postgraduate Program in Management
Admission Process CAT/GMAT
Average Placement Offer INR 22,05,000
Top Recruiters Airtel, Godrej Industries Ltd, Asian Paints, Bajaj, Dell.

Why PGPM at MDI Gurgaon?

  • The MBA course at MDI Gurgaon offers placements at high average salaries of around INR 22,05,000.
  • It has a student exchange program, where a student can spend a term abroad, and can learn business and management skills from a global perspective.
  • It offers scholarships for students for both its’ 2-Year program and international student exchange programs.
  • It is the first Indian business school to be accredited by AMBA, UK.

SPJIMR Mumbai PGDM

The Post Graduate Diploma in Management at SPJIMR Mumbai is a 2-Year full-time program, equivalent to an MBA course. It is approved by AICTE, NBA, and AMBA, U.K.

The average fee of PGDM at SPJIMR Mumbai is INR 17,50,000.

MBA Program Post Graduate Diploma in Management
Admission Process CAT/GMAT
Average Placement Offer INR 26,36,000
Top Recruiters Accenture Strategy, Alvarez & Marsal, Amazon, Edelweiss, Hindustan Unilever Limited, Intuit, ITC.

Why PGDM at SPJIMR Mumbai?

  • It is located at a hotspot that has maximum exposure to the economic and business world, hence, offering an upper hand when it comes to placements.
  • It is one of the few colleges that are approved and accredited by AICTE, NBA, as well as AMBA, U.K.
  • It offers specialization in four major domains- Finance, Information Management, Supply chain, Operations, and Marketing.
  • It has a student exchange program to experience industrial knowledge and training abroad.

FMS New Delhi MBA (full time)

The full-time MBA at FMS New Delhi is a 2-Year program that focuses on two key aspects, a strong analytical knowledge of management, and academic flexibility.

The average annual fee at FMS New Delhi is INR 96,000.

MBA Program Master of Business Administration (full time)
Admission Process CAT
Average Placement Offer INR 20,00,000
Top Recruiters Asian Paints, Amazon, Axis Bank, ABG, Accenture Strategy.

Why MBA at FMS New Delhi?

  • It is the only institute in India that has a very low tuition fee, yet high placement offers.
  • It is located in the Delhi-NCR region, which is considered a commercial hotspot.
  • It has the best faculty and resources from the University of Delhi.
  • It focuses more on management than business, and offers flexibility in its course curriculum.

Best MBA Courses Online

MBA is also offered as MBA Online, by many colleges in India like Amity University, Pondicherry University, etc. These online MBA programs are UGC approved and have a very economical fee of less than INR 20,000 -76,000 in comparison to full-time MBA courses at IIMs which cost around INR 25 lakhs.

The course duration of Online MBA programs also is 2 years.

The table below enlists best MBA courses online in India, along with their average fees.

Online MBA Program College Name Average Fee
Online MBA Program Amity University INR 2.50 lakh (total)
PGDM HB Welingkar Online INR 61,000
MBA Online Venkateshwara Open University INR 76,000
Online MBA ITM University INR 80,000
MBA Distance Education Pondicherry University INR 45,000

MBA For Working Professionals

MBA for working professionals are executive MBA programs that fulfil the dream of pursuing an MBA along with continuing their paying jobs. Any candidate with work experience of more than 2-5 years is eligible for the MBA for working professionals, the details of which are mentioned below:

Program Name Duration  Average Fees
BITS Pilani WILP MBA 2 Years INR 1.5 – 2 lakhs
Executive MBA by NMIMS 15-24 Months INR 5 Lakhs
Executive MBA by IGNOU 18 Months INR 1.5 – 2 lakhs
EMBA by SIBM Pune 30 Months INR 4.5 lakhs
Executive MBA by ITM University 2 Years INR 80,000
PGDM Executive by ITM Ghaziabad 15 Months INR 12 lakhs
PGPM Part-time by MDI Gurgaon 2 Years INR 9 lakhs

Best MBA Courses in the World

Tabulated below are the 10 best MBA courses in the world, as per QS global MBA rankings.

Best MBA Programs: Forbes Ranking

In 2019, Forbes examined more than 100 colleges around the world that provided full time MBA courses and prepared a list of the colleges that provide the best MBA programs in the world. The Forbes MBA ranking  tuition fee, foregone compensation to understand actual benefit of the MBA program. The following are the list of best MBA programs offered by the best colleges according to Forbes MBA ranking of 2019.

Forbes MBA Ranking College Name Total fees
1 Booth School of Business, University of Chicago INR 108,52,008
2 Stanford Graduate School of Business INR 104,50,562
3.  Kellogg School of Management INR 109,31,860
4 Harvard Business School INR 117,56,096
5 Wharton School INR 115,30,190
6 Tuck School of Business INR 111,36,685
7 Columbia Business School INR 116,25,415
8 Sloan School of Management INR 112,30,499
9 Samuel Curtis Johnson Graduate School of Management INR 103,26,997
10 Stephen M. Ross School of Business INR 10,218,898

Best MBA Courses: Factors to Consider

The following factors should be considered while selecting the best MBA program.

  • Scope: Candidates should choose an MBA Program that has a wider scope in terms of job prospects and career options.
  • Duration of the program: Candidates should be clear about the duration of the program they want to pursue. Often the students get confused while choosing between MBA and PGDM.
  • College Reputation: While choosing the MBA program a candidate should also look for the best college that offers the program in terms of ranking and placements.
  • Placements: Look for an MBA program that has the best placement offers in terms of the annual salary, and kinds of recruiters that offer placements.

Best MBA Courses: FAQs

Ques. Which MBA course has the highest salary?

Ans. The MBA-PGP course at IIM Calcutta is known to offer the highest average annual salary of INR 27,80,000.

Ques. Which MBA course is best for the future?

Ans. Postgraduate program in management (PGPM) is considered one of the best MBA courses in terms of the placements and demand in India as well as abroad.

Ques. Which is the best MBA institute in India?

Ans. IIM Ahmedabad is ranked number 1 by NIRF, as the best management school in India to offer a Postgraduate program in management (PGP).

Ques. What are the different types of MBA courses available in India?

Ans. PGP, PGPM (BM), MBA, MBA-PGP are different types of MBA courses available in India, offered by top MBA colleges such as IIMs, IIT, XLRI, and MDI.

Ques. Which stream is best for MBA?

Ans. The most famous streams for MBA are finance, management, economics, operations, HR, and many more.

Ques. What is the fee for MBA?

Ans. The average fee for a 2-Year MBA program is around INR 20,00,000 - INR 23,00,000.

Ques. Is an MBA difficult?

Ans. No, MBA is not difficult. It might be challenging, but it provides a good opportunity to learn everything about business management which is very essential for a stable career in the corporate world.

Ques. Which MBA college has the best placement?

Ans. IIM Calcutta, followed by IIM Ahmedabad and IIM Bangalore has the best MBA placements with an average annual salary of INR 22,00,000 - INR 27,00,000.

Ques. What is the best place to do an MBA abroad?

Ans. The United States has some of the best business schools in the world to do an MBA, for example, The Wharton School, Stanford School of Business, INSEAD, MIT Sloan, Harvard Business School, and many more.

Ques. Should I get my MBA abroad?

Ans. If you want to work abroad, then getting an MBA degree abroad is a good option, as it offers placement opportunities abroad, with exposure to the international business environment.

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