Top 30 B-Schools of India in the Descending order of their ROI

In your MBA journey, the most crucial step is selecting the best B-school to guarantee a successful future. In that case, judging the ROI or the Return on Investment effectively determines which B-schools you should target for your MBA. 

ROI = (Return / Cost of investment) x 100%

Return = Average Package (in CTC) – Fees

Here, we have enlisted the top 30 B -schools in India according to their ROI in descending order.

Top 30 B-Schools in India 

FMS Delhi

In 2023, with 97% of the received offers above ₹ 20 LPA and the highest domestic CTC of ₹ 1.23 Cr, FMS Delhi saw the highest-ever average salary package of ₹ 34.1 LPA since its establishment in 1954. As one of India’s most affordable business schools, its fee only stands at ₹ 2 L. Hence, the exceptionally high ROI of FMS Delhi is 1605%, making it one of India’s most desirable B-schools. 

TISS, Mumbai

The average salary package of TISS, Mumbai, in 2023 was ₹ 27.22 LPA which has considerably increased from last year’s package of ₹ 23.97 LPA. With total fees of ₹ 1,89,000 for 2 years, their ROI stands at 1340.2%. 

Department of Management Studies, IISc., Bengaluru

In 2022, placement for the Masters of Management Studies at IISc., Bengaluru, the average CTC package stood at ₹ 26.8 LPA. The fee for this programme at IISc., Bengaluru, is ₹ 5.18 L. Hence, the ROI of this B-school stands at 417%. 

JBIMS Mumbai

Top recruiters such as Accenture Strategy, Deloitte, EY, Infosys Consulting, KPMG, McKinsey & Co., among many more, participated in the 2023 MMS placement at JBIMS, Mumbai, where the average CTC was ₹ 28.02 LPA. The fee for the MMS programme is around ₹ 6 L, which makes its ROI 367%.


The 2023 placement of SJSOM at IIT Bombay was concluded with an average CTC package of ₹28.88 LPA. Their MBA programme fee is ₹ 10,08,300, making their ROI 186%.

XLRI, Jamshedpur

The average salary package for the 2021-2023 batch placement at XLRI, Jamshedpur, was ₹ 32.7 LPA. The fee for the 2-year PGDM at XLRI is ₹ 1,370,000, which makes an ROI of 138.68 %. 

DMS, IIT Delhi

One of the top IITs, IIT Delhi’s placement for the Department of Management Studies witnessed an average CTC package of ₹ 25.82 LPA. With a total fee of ₹ 11.20 L, their ROI is 130.53 %.  

VGSOM, IIT Kharagpur

With an average CTC package of ₹ 22.13 LPA, GSOM of IIT Kharagpur they have concluded its 2023 placement. For 2 years, their fee is ₹ 11,59,760, which makes their ROI 90.82%.

DOMS, IIT Madras

The average CTC of the 2023 MBA placement at IIT Madras was ₹ 20.19 LPA. At the same time, the fee for the MBA programme at IIT Madras is ₹ 10.95 L, leading to its ROI of 84.38 %.

IIM Trichy

In 2023, the average salary package at IIM Trichy was ₹ 20.55 LPA. With their fee of ₹ 11.80 L, the ROI of IIM Trichy stands at 74.15 %. 

IIM Lucknow

With world-class faculty and curriculum, IIM Lucknow saw recruiters from different sectors and companies offering an average salary package of ₹ 32.2 LPA. With their MBA fee of ₹ 20.75 L, the ROI of IIM Lucknow stands at 55.18 %. 

IIM Kozhikode

With the highest CTC of ₹ 67.02 LPA in the IT sector, the average salary package of IIM Kozhikode’s 2023 batch is ₹ 31.02 LPA. The two-year MBA fee is 20.50 L, making IIM Kozhikode’s ROI 51.31 %.

IIM Bangalore 

IIM Bangalore’s average salary package in 2023 is ₹ 35.31 LPA, with offers from top recruiters like Accenture, Microsoft, and TCS, among many more. With the current programme fee of ₹24,50,000 for 2 years, the ROI of IIM Bangalore currently stands at 44.12%, making it the top choice for MBA aspirants.

IIM Indore

Since last year, IIM Indore has seen a massive increase in the salary packages in 2023, with the highest package of ₹ 1.14 Cr PA and the average salary package of ₹ 30.21 LPA. With its MBA fees at ₹ 21,14,222, the ROI of IIM Indore is 42.88%.

IIFT, New Delhi

Graduates from various educational backgrounds and world-class institutes make up the 2023 batch of IIFT, New Delhi, whose average salary package stands at ₹ 29.1 LPA. With a fee of ₹ 21,77,314, IIFT, New Delhi’s ROI is 33.65%.

IIM Raipur

IIM Raipur has completed its placement for 2023 with an average CTC package of ₹ 21.04 LPA. Having an MBA programme fee of ₹ 15,92,960, their ROI is 32.16 %. 

IIM Calcutta

As the first IIM in India, IIM Calcutta’s batch 2021-2023 was placed with an average salary package of a whopping ₹ 35.07 LPA, while the highest domestic CTC was ₹ 1.15 Cr. The MBA programme fee at IIM Calcutta currently stands at ₹ 27 L. Therefore, the ROI of IIM Calcutta comes to 29.89%. 

IIM Sambalpur

The 2023 placement at IIM Sambalpur was concluded with an average CTC package of ₹ 16.64 LPA, with the highest international package of ₹64.15 LPA. The total fee of the MBA programme is ₹ 13,08,400, resulting in an ROI of 27.18%. 

SIBM, Pune

SIBM, Pune’s 2023 placement was concluded with an average salary package of ₹ 26.77 LPA, which has increased by 16% since last year. The fee for the MBA programme stands at around ₹ 22.2 L, making its ROI 20.58%.  

IIM Ahmedabad

In 2023, IIM Ahmedabad’s placement witnessed an average salary package of ₹ 34.35 LPA, which has increased since last year’s package of ₹ 32.79 LPA. With the current MBA fee of ₹ 30L, the ROI of IIM Ahmedabad is 14.5%.   

MDI, Gurugram

In 2023, the average CTC package of MDI, Gurugram, was ₹ 27.67 LPA, with the highest CTC of ₹ 60 LPA in Sales and marketing. Their fees for the 2-year PGDM programme are ₹24,16,800 L, with an ROI of 14.49%.

IIM Kashipur

IIM Kashipur’s 2023 placement witnessed an average salary package of ₹ 18.1 LPA. The MBA fee at this IIM is ₹ 17.30 L, having an ROI of 4.62%.

IIM Ranchi

The 2023 placement of the IIM Ranchi was concluded with an average CTC package of ₹ 17.3 LPA. Their MBA fee currently stands at ₹ 17.2 L, with an ROI of 0.5 %.  

IIM Udaipur

The 2023 placement at IIM Udaipur saw an average CTC of ₹ 20.02 LPA, with the highest CTC of ₹ 35.04 LPA. Having a programme fee of ₹ 20.05 L, their ROI is – 0.15%. 

IIM Jammu

The 2023 placement at IIM Jammu saw an average CTC package of ₹ 16.50 LPA. With a fee of ₹17.15 L, the ROI of IIM Jammu stands at -3.7%. 

MICA (Ahmedabad)

The average CTC package in the 2023 placement at MICA, Ahmedabad, was ₹ 20.09 LPA. Their fee for the two-year PGP programme is ₹ 21L, thereby making its ROI -4.33 %.

IIM Amritsar

Keeping the placement outcome steady, the average CTC package for the 2023 placement at IIM Amritsar was ₹ 16.51 LPA. The fee for an MBA at IIM Amritsar is ₹ 17.30 L which makes its ROI – 4.56%.  

IIM Bodh Gaya

The 2023 placement at IIM Bodh Gaya witnessed an average CTC package of ₹ 15.68 LPA, with the highest CTC of ₹ 48 LPA. With a fee of ₹ 17 L for their 2-year post-graduate programme, their ROI is -7.9 %.  

IIM Sirmaur

The final placement of 2023 at IIM Sirmaur had an average CTC package of ₹ 14.45 LPA. The fee at IIM Sirmaur is ₹ 16 LPA, making its current ROI -9.68 %.

IIM Nagpur

IIM Nagpur’s 2023 MBA placements were completed with an average salary package of ₹ 16.74 LPA, with the highest package of ₹ 64 LPA. The fee at IIM Nagpur is ₹ 18.90 L, which makes its ROI -11.42%. 

Summing Up

Evaluating the ROI of B-schools in India provides an insightful lens to understand the trade-off between the fees paid and the average CTC received post-graduation. This critical parameter, thus, becomes instrumental in decision-making for MBA aspirants. The listed B-schools showcase the rich tapestry of India’s top management institutions, from IIMs to other top-ranked institutes. They help in understanding the dynamic nature of the Indian MBA landscape.

For aspirants in Jaipur, preparing for the CAT examination is essential to enter these premier institutes. Finding the best CAT coaching in Jaipur can significantly enhance one’s chances. For those looking for a trusted name, Coachify, a renowned cat institute in Jaipur, is a recommended choice. Their expertise has been instrumental in guiding numerous students towards their MBA dreams.

In conclusion, whether you are at the beginning of your MBA journey or right in the thick of it, always remember the importance of ROI in your decision-making process. It will serve as a valuable guidepost to lead you to your desired destination.

Follow us on Facebook & Instagram.