MBA continues to be one of the most sought-after postgraduate degrees in India, especially among students who have completed their bachelor’s in engineering, technology, commerce, arts, or even pure sciences.
While engineering graduates have traditionally dominated MBA classrooms, the degree is now increasingly chosen by individuals from varied academic backgrounds who want to enter leadership, management, and professional roles across various industries.
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When it comes to business education in India, the Indian Institutes of Management (IIMs) remain the most coveted destinations. However, securing a seat at an IIM requires not only out-of-the-ordinary academic performance but also clearing the highly competitive Common Admission Test (CAT).
Fortunately, India is home to several other premier business schools, both autonomous institutes and management departments of reputed universities, that consistently rank among the best in the country and offer excellent placement opportunities. Here’s a list of some of the top non-IIM business schools in India.
Top 10 non-IIM Business Schools in India for MBA courses
| NIRF 2024 Management Rank | Institute Name | Location (City, State) | Overall Score |
| 4 | Indian Institute of Technology Delhi | New Delhi, NCT-Delhi | 76.25 |
| 9 | XLRI – Xavier School of Management | Jamshedpur, Jharkhand | 68.13 |
| 10 | Indian Institute of Technology Bombay | Mumbai, Maharashtra | 67.16 |
| 11 | Management Development Institute | Gurugram, Haryana | 66.85 |
| 13 | Symbiosis Institute of Business Management | Pune, Maharashtra | 65.13 |
| 15 | Indian Institute of Foreign Trade | New Delhi, Delhi | 62.36 |
| 16 | Indian Institute of Technology Madras | Chennai, Tamil Nadu | 61.73 |
| 18 | Indian Institute of Technology Roorkee | Roorkee, Uttarakhand | 61.21 |
| 19 | Indian Institute of Technology Kharagpur | Kharagpur, West Bengal | 61.03 |
| 20 | S. P. Jain Institute of Management and Research | Mumbai, Maharashtra | 60.97 |
Indian Institute of Technology Delhi (DMS IIT Delhi)
Established in 1993, the Department of Management Studies at IIT Delhi is located in the capital city, offering MBA programs with strong industry linkages. The MBA 2024 batch comprised 44 students and achieved a 100% placement rate. The highest package stood at Rs 40.5 LPA, while the average was Rs 23.4 LPA. Strategy & Consulting emerged as the top recruiting sector with 24.4% of offers, followed by IT & Analytics, Sales & Marketing, Finance & Economics, and Operations. Top recruiters included Accenture, Bain & Company, and ICICI Bank. The batch was 25% female and 75% male, with 78% having prior work experience.
XLRI – Xavier School of Management, Jamshedpur
Founded in 1949, XLRI is one of India’s oldest and most prestigious private management schools. The 2025 PGDM-BM and PGDM-HRM batch had 503 students and recorded a perfect 100% placement rate. The highest domestic package was Rs 75 LPA, while the international highest touched Rs 110 LPA. The average package stood at Rs 31.08 LPA, with a median of Rs 29 LPA. An impressive 34% of the cohort received Pre-Placement Offers (PPOs). Leading recruiters included Accenture, Bain & Co, BCG, Deloitte, HUL, ITC, Reliance, and Tata Steel.
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Indian Institute of Technology Bombay (SJMSOM)
Established in 1995, the Shailesh J. Mehta School of Management at IIT Bombay is a popular choice for candidates seeking a technology-driven business education. The MBA 2024 batch achieved 100% placements, with the highest package at Rs 72 LPA, an average of Rs 28.01 LPA, and a median of Rs 26.73 LPA. The PPO conversion rate stood at an impressive 47%. IT/E-commerce (23%), BFSI & Conglomerate (19%), and FMCG/FMCD (19%) were top sectors, with recruiters like JP Morgan Chase, ICICI Bank, Deloitte, PwC, and Tata Communications.
Management Development Institute (MDI), Gurugram
Established in 1973, MDI is one of India’s popular private business schools. The 2025 placement season saw 311 PGDM students, 125 in PGDM-HRM, 114 in PGDM-IB, and 28 in PGDM-BAN placed with a 100% success rate. The highest package reached Rs 53.6 LPA, with an average of Rs 25.6 LPA for the PGDM program. McKinsey, Accenture Strategy, and Deloitte were among the 147 recruiters. Consulting and HRM roles attracted the highest packages.
Symbiosis Institute of Business Management (SIBM), Pune
Part of Symbiosis International (Deemed University) and established in 1978, SIBM Pune is known for its strong corporate connections. The latest placement season saw over 99 recruiters participate. The highest package touched Rs 49 LPA, while the average stood at Rs 28.16 LPA, and the median at Rs 25 LPA. Domain-wise, Marketing recorded an average of Rs 30.55 LPA, HR Rs 28.74 LPA, and Finance Rs 27.14 LPA. Notable recruiters included Accenture, Asian Paints, Godrej, Mastercard, Reliance, and Tata Capital.
Indian Institute of Foreign Trade (IIFT), Delhi
Founded in 1963, IIFT is a institution for trade and international business studies. For the 2024 batch across Delhi and Kolkata campuses, the highest domestic package was Rs 75.6 LPA, while the highest international was Rs 85.4 LPA. The average package stood at Rs 27.3 LPA, with a median of Rs 25 LPA. Professional Services (23%), BFSI (21%), and Sales & Marketing (22%) were top recruiting sectors. Companies like ITC, Goldman Sachs, and Amazon featured among the 120 recruiters.
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Indian Institute of Technology Madras (DoMS IIT Madras)
The Department of Management Studies at IIT Madras, established in 2004, offers both MBA and Tech MBA programs. In the 2024 placements, the MBA program recorded a highest package of Rs 29.65 LPA and an average of Rs 16.93 LPA, while the Tech MBA saw an average of Rs 27.37 LPA. A total of 32 companies participated, ensuring 100% placement for both programs.
Indian Institute of Technology Roorkee (DoMS IIT Roorkee)
One of the oldest IITs, IIT Roorkee’s Department of Management Studies was set up in 1998. The MBA 2024 batch had 79 students, all placed successfully. The highest package was Rs 26 LPA, the average was Rs 18.3 LPA, and the median Rs 18.5 LPA. Operations and IT & Analytics were leading domains, with over 70 recruiters participating.
Indian Institute of Technology Kharagpur (VGSoM IIT Kharagpur)
Vinod Gupta School of Management, established in 1993, offers MBA programs with a strong emphasis on technology and management integration. The 2024 batch of 118 students achieved 100% placement, with the highest package at Rs 37.07 LPA, an average of Rs 20.83 LPA, and a median of Rs 20.65 LPA. Strategy & Consulting (29%), BFSI (22%), and Supply Chain & Operations (20%) were the top domains. Recruiters included Accenture, Deloitte, Godrej, and Infosys.
S P Jain Institute of Management & Research (SPJIMR), Mumbai
Established in 1981, SPJIMR is a private B-school known for its industry-aligned curriculum. The 2025 batch of 336 students achieved 100% placements.
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The highest international package reached Rs 89 LPA, while the highest domestic package stood at Rs 81 LPA. The average package was Rs 32 LPA, with a median of Rs 30.5 LPA. Consulting dominated the placement trends, with 35% of the batch placed in this domain. Top recruiters included BCG, Accenture Strategy, and Deloitte.
