India’s Ultimate MBA Powerhouses Ranked by Mind-Blowing ROI

ROI (Return on Investment)  measures the total amount of return on investment to the investment you made on the course. It sets a benchmark for students and shapes marketing strategies for the future. The goal is to make more return on investment than you spend.  

So how do you calculate the ROI?

ROI= Final Value you are getting - The initial Cost of the investment / the cost of the investment * 100

 Students either seek MBA scholarships or opt for education loans, all in pursuit of one goal - a stellar ROI that can slay the loan dragon and unleash their earnings potential. Hence it should be a significant factor when choosing a business school. Below I am going to provide the best MBA colleges as per the ROI.

IIM Ahmedabad

Fees: INR 24,61,00

Located in Gujarat IIM Ahmedabad has an active support of the Governemnt of India, the Government of Gujarat, Harvard Business School and other prominent members of the Indian industry.

The admission process for the PGP will be on tn basis of Preliminary Screening, Shhortlisting for Analytical test & Personal interview and finally will be selected on the basis of the Final composit Score (FCS). The overall CAT cutoff for General students is 80. The average placement statistics

As you embark on the journey of a Master of Business Administration (MBA), you must remind yourself that it is not just about acquiring a degree but making a strategic move in the game of career elevation.  India is literally sprawling with quality business schools. But, they come with a hefty price tag. 

Students either seek MBA scholarships or opt for education loans, all in pursuit of one goal - a stellar ROI that can slay the loan dragon and unleash their earnings potential. 

 Now if you are smart, your sight should set on a business school that is not just a degree factory but also have a track record so impressive it could make a unicorn blush. Let’s not forget essential ingredients like a faculty that ignites minds, a network that becomes your golden ticket and a reputation that opens doors with a swish. 

So get ready to take the business world by storm with the list of the best 30 B-schools armed with the network, knowledge and a promise of an ROI that is nothing short of legendary.

IIM Calcutta 

Fees: 27 lakh

Average ROI: 34.20 LPA

The IIM Calcutta has been established as an internationally renowned institution offering quality management education.  It has flourished as the best business school in Asia. Today, IIM Calcutta is considered a melting pot of education, industry and research in how it attracts leading talents from all over India. 

ISB Hyderabad

Fees:24.57 lacs

Average ROI:  34.08 LPA

Indian School of Business (ISB) offers PG programmes in Management, Management for senior executives, management for professionals and management for family businesses. The founders at ISB are some of the best minds from the academic and corporate worlds.  They have learned quite early that young leaders are vital in the rapid change of the business landscape. The innovative programmes, thought leadership and outstanding faculty are where their commitment lies while making such leaders. 

IIM Bangalore

Fees:  23 lakh

Average ROI: 33.82 LPA

Getting IIM Bangalore Admission will not be easy. Students appear on the course on the basis of the CAT, a National-level exam.  On August 2, 2023, CAT for the current session started. It is located on Bannerghatta Road, Bengaluru, India. The course list of the IIM Bangalore includes PGPEM, PhD, MBA, EPGP, PGPBA, PhD and certificate programmes. As per the 2023 NRF Rankings, IIM Bangalore has secured 2nd position in the Management category.

IIM Ahmedabad

Fee: 23 lakh

Average ROI: 32.9 LPA

The postgraduate programme (PGP) of IIM Ahmedabad has been considered the flagship programme and is renowned as the top-ranked programme in the world for many years. It even occupies the status of an institute of national importance. The two-year programme has produced outstanding managers, business leaders and a number of significant entrepreneurs. They have got their own computer-based exam conducted at the national level. Flipkart, Aditya Birla Group, Accenture, Nestle, Dell technologies, ITC are the top recruiters.

Faculty of Management Studies (FMS)

Fees:  1.92 lakh

CTC -32.05 LPA

FMS, the University of Delhi, tops the list of business schools.  It is in high demand due to its high Return on investment and placement statistics. The school is backed by some of the top recruiters like EY, Bank of America, American Express, Morgan Stanley, Bain & Co., GEP consulting, Amazon, BMW, HCL, Flipkart, Media.net, Microsoft, ICICI Bank, BCG, Capgemini, GEP consulting, and Freshworks.

SPJIMR Mumbai

Fees:  18.57

Average ROI: 32.06 LPA

SPJIMR is known to be a futuristic business school offering practical and relevant global business education. As per the QS Global MBA Ranking 2023, SP Jain is ranked 29th position.  It has received recognition for innovative teaching methods, academic excellence and contribution to management education. They offer PG, doctoral and various other courses for students in Management and other streams. They boast of a strong and active alumni network.

IIM Lucknow

Fee: 20.75 lakhs

Average ROI: 31.03 LPA

IIM Lucknow is popularly known for its diverse student community, academic excellence and strong industry interface. In the Management Category, IIM Lucknow was ranked 4th by IIRF 2023 and 6th by NRF. They secured the position for 90th Rank in FT Global 2023 Rankings. They even collaborate with various Business schools in Australia, Canada, Europe, etc., for Student and Faculty Exchange. It has been ranked fourth by the National Institutional Ranking Framework of Human Resource Development. 

IIM Kozhikode

Fee: 20.50 lakh

Average ROI: 31,02 LPA

IIM Kozhikode is positioned as a prestigious business school that blends academic excellence, a strong alumni network, and real-world exposure, with an exceptional educational experience and a remarkable ROI. The institute hosts a wide range of workshops, guest lectures and seminars featuring prominent business leaders and entrepreneurs.  Such exposure will help them gain valuable insights into the latest challenges, trends and opportunities across various industries. The global opportunities of IIM Kozhikode allow graduates to leverage the brand value of the institution for securing a position in multinational companies.

JBIMS Mumbai

Fees: 6 lacs

ROI: 27.63 LPA

Jamnalal Bajaj Institute of Management Studies (JBIMS) is a private institute located in Mumbai, Maharashtra. It has been ranked  22nd in the Business Today Ranking 2023 and 10th by IRF 2023.   It is a highly reputed business school with enhanced research facilities, a strong academic reputation, and an increased interest collaboration network.  They come with a variety of academic programs, which include MFin, MBA and placement records. Top recruiters from JBIMS Mumbai are Yes Bank, Cochlear, Wipro, Tata Cliq, and Flipkart. JBIMS is popular for its strong alumni Network, rich legacy & high ROI.

XLRI Jamshedpur

Fees: 27.4L

ROI: 26.27LPA

XLRI Jamshedpur, located in the C.H., Jamshedpur, Jharkhand, is known to be the oldest B-school and is regarded as the top-ranking business management school with an international Private B-School reputation. It has even been recognized as the No.1 Private B-School by the ranking of The Week and Outlook magazine. It was also ranked No.9 in the NIRF Ranking 2023 management category.

MDI Gurgaon

Fees: INR10.27 lacs - INR 24.70 lacs

ROI: 26.65 LPA

MDI Gurgaon is known to be one of the largest B schools for the training and development of managers with global competency. It is a dream campus for CAT aspirants and is a preferable choice among most IIMS when considering pursuing PGDM from this institute. It is regarded as the largest School for Continuing Education in Management, and they have even got the largest Exchange Programme in India

SJMSoM IIT Bombay

Course Fee: INR 8.7 lakh 

Average ROI: 25.9 LPA

Shailesh J Mehta School of Management comes under the IIT Bombay. It offers PG as well as doctorate-level programs in the field of management. It comes with four courses at PG, doctoral, and MDP levels in management. Some of the top recruiters include Accenture Strategy, Wipro, PwC India, MAQ software, Accenture Technology Consultation, Deloitte, and USI.

SUGGESTION:

Among other names in the top 30 business schools, these are some of the business school names that came up while conducting research. Please do tell me if it is okay to add these names. 

Tata Institute of Social Sciences (TISS)

Tata Institute of Social Sciences tops the ranks in the list of B-schools. It is regarded as the oldest college. The Master of Business Administration (MBA) covers a blend of courses that offers a detailed understanding of the operational and strategic aspects of management. 

Course Fee: INR 2 lakh

Average ROI: INR 32.2 LPA

1. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Over the past 52 years, Jamnalal Bajaj Institute of Management Studies has maintained quite a legacy by consistently ranking among the top 10 premier B-schools in India. It is known for its strong academic reputation, increased international collaboration, enhanced research facilities and strong alumni network. Some well-known recruiters are PwC, KPMG, Deloitte, Accenture, Infosys, and EY.

Course Fee: INR 6 lakh

Average ROI: INR 27.63 LPA