Are you considering getting an undergraduate degree in business? If so, India is a great place to pursue your studies. With a range of top universities and colleges offering business-related courses, it can be hard to know which one to choose.
To make life a bit easier for you, we’ve compiled this guide to the best undergraduate business schools in India.
Read on to find out more about what these schools have to offer and why they are the best in their field.
Business School, what is it?
Business schools are university-level institutions that offer degrees in programs such as business administration and management and a host of other programs.
The primary aim of a business school is to equip you with the necessary knowledge to own, manage and run a business, whether yours or someone else’s. Business is multi-faceted so in a business school you will learn a lot.
What You Learn in Business School?
In business school, you will learn a host of courses such as accounting, administration, business analytics, economics, entrepreneurship, human resource management, management science, management information systems, international business, logistics, marketing, sales, operations management, organizational psychology, public relations, research methods and supply chain management and the list goes on.
Important Points to Consider While Choosing Top Business Schools
In choosing our top institutions, we have considered these points as premised on other notable sites such as Byjus – which is particularly an Indian education-related site.
Institution ranking: There are several organizations that rank universities based on a variety of factors. These organizations conduct a fair, complete examination of the college and assign it a rank based on its quality and parameters.
You can use these rankings to identify which university has the best management degree in India. Every year, organizations like NIRF, QS, and the Financial Times published their rankings.
If you’re looking for rankings that include ratings of placement, ranks, and value then there’s a complete list available to help you choose your best MBA college/university in India.
Course curriculum: The rising demand for continuously-updated course material in a rapidly-evolving business environment means that students must be aware of the curriculum requirements at their university.
The curriculum is published on the university website and includes details about what will be taught in each course. It’s important that students look at the course content to see if it covers topics like current industry topics and expectations.
Does the course’s teaching structure cover new concepts as quickly as they arise? Will the curriculum prepare them for meeting industry standards when looking for employment opportunities?
The location and environment: You can use any number of factors in your hunt for the best business school. You should learn more about the area, what geographical features it offers, and how close it is to public amenities.
Think about the pros and cons of each, as well as which one you prefer. Attending a management institution in your favorite city will provide you with great opportunities to maximize your college experience.
If you’re interested in internships, consider nearby schools so that you can take advantage of their proximity to industries and get hands-on experience in fields relevant to your interests.
The faculty of in charge of the course: The faculty of the program and their experience are integral to the quality of education provided.
Employers will also appreciate that top MBA colleges in India have teachers who have years of experience and a successful track record. Students benefit from studying with experts who pass on their knowledge to the next generation of leaders.
The invited colleges sometimes bring distinguished visiting academics from other prestigious institutions to handle subjects as well.
Accommodation: A student’s accommodation and hostel play a significant role in their academic life, despite all that the college or university has to offer. In addition to ensuring that the hostel is clean and ventilated, students should verify that it has well-furnished facilities, modern amenities, and mess facilities.
The List of Top Undergraduate Business Schools in India
Our list constitutes the Best Undergraduate Business Schools in India, it should be noted, however, that these schools are not ranked in any particular order of excellence and we acknowledge that they are still other best undergraduate schools but these have made our list.
Also, our first ten are highly recommended and have been chosen to top the list but are also not arranged in any order of excellence. Our latter baker’s dozen, from 11-23, also have not been arranged in any particular order as well.
1. Indian Institute of Management, Calcutta
The Indian Institute of Management, Calcutta (IIMC) is a public business school located in Kolkata, West Bengal. It was established in 1961 as the first Indian Institute of Management by the Government of India.
IIMC offers undergraduate, postgraduate, and doctoral programs in management. The institute has been consistently ranked as one of the top business schools in India.
IIMC has an excellent faculty consisting of experienced professionals from industry and academia. The institute offers a world-class education with a strong focus on research and training.
IIMC also has strong industry linkages and provides its students with ample opportunities to interact with leading business executives and practitioners.
Programs Offered:
MBA, MBA-EX, PGPEX-VLM, PGDBA, etc.
Accreditations
EQUIS, AACSB, AMBA,CEMS
Fees
₹ 27,00,000
2. IIM Ahmedabad – Indian Institute of Management
Ahmedabad in Gujarat plays host to the Indian Institute of Management Ahmedabad (IIMA). Furthermore, Financial Times Global MBA Ranking 2022 placed IIMA the 62nd out of 100 B-Schools.
IIMA is also the country’s first MBA college to be accredited by the European Quality Improvement System, that is; EQUIS ranking.
Many worldwide ranking agencies and national institutes have dubbed the institution as India’s finest management college.
Programs Offered:
MBA-PGPM, MBA-PGPX, etc.
Accreditations
EQUIS
Fees
INR 23,00,000
3. IIM Bangalore – Indian Institute of Management
Indian Institute of Management Bangalore is located in the southern region of Bangalore. The institution is sprawling with students in a vibrant 100-acre campus.
IIMB also has an incredible sports center where sports such as cricket, tennis, soccer, basketball, volleyball, and table tennis facilities.
Students of IIM Bangalore also have the opportunity to participate in Student Exchange Program with fellow students in North and South America, Asia, Europe, and Australia.
What is more, is that IIMB is affiliation with the GNAM which constitutes 32 prestigious business schools across countries. It should be noted that IIMB is the only management school in India to join the GNAM.
Programs Offered:
MBA-PGP, MBA-BA, PGPEM etc.
Accreditations
EQUIS
Fees
₹ 23,00,000
4. IIM Kozhikode – Indian Institute of Management
Located at Kunnamangalam region of Calicut on a 112-acre-land, IIM Kozhikode was founded in 1996. The Institute also has an international exchange program for faculty and students with a number of prestigious institutions in ASEAN countries, including Sweden, Copenhagen Business School, Denmark, University of Queensland, Austria, and Victoria University of Wellington, etc.
IIMK, in association with the government of Kerela, is a springboard for excellence in business-related programs for aspiring students.
IIMK is also one of the few institutions of Digital Libraries in India.
Programs Offered:
PGP, PGP Finance, PGP LSM, PGP BL, etc.
Accreditations
EQUIS, AMBA
Fees
₹ 20,50,000
5. Department of Management Studies, IIT Delhi
The Indian Institute of Technology (IIT) in Delhi is reputed as one of India’s top IITs. IIT Delhi’s Department of Management Studies has, since 1993, providing quality education to aspiring management applicants to attain excellence in their respective fields.
The Department of Management Studies at IIT Delhi is a world-class institution that has been consistently ranked among the top ten business schools in India.
Programs Offered:
MBA – Full Time, Executive MBA, MDP Program etc.
Fees
₹ 9.60 L
6. Indian Institute Of Management–Indore (IIM–Indore)
The Indian Institute of Management – Indore (IIM-Indore) is a public business school located in Indore, Madhya Pradesh, India.
It was established in 1996 by the Government of India and caters to students from all over the country.
IIM-Indore offers various undergraduate, postgraduate and doctoral programs in management. The institute has been consistently ranked amongst the top business schools in India.
IIM-Indore has a strong commitment to academic excellence and research. The faculty members are engaged in cutting-edge research in various areas of management.
The institute has state-of-the-art facilities and infrastructure to support its academic and research activities. IIM-Indore also offers a variety of extra-curricular activities for its students.
Programs Offered:
PGP, EPGP, PGP-HRM, EFPM etc.
Accreditations
EQUIS, AACSB, AMBA
Fees
₹ 10,95,000
7. Indian Institute Of Management–Lucknow (IIM–Lucknow)
The Indian Institute of Management Lucknow (IIML) is a public business school located in Lucknow, Uttar Pradesh, India.
It was established in 1984 as the fourth IIM by the Government of India. The institute offers Post Graduate, Doctoral, and Executive programs in management. IIML is consistently ranked among the top business schools in India.
IIML has been accredited by the Global Accreditation Council for Business Education (GACBE) and is also a member of the Association of MBAs (AMBA).
The school’s flagship two-year full-time postgraduate program, Master of Business Administration (MBA), is recognized as one of the best MBA programs in India. Admission to the program is through a rigorous selection process that includes a written test, group discussion, and interview.
The MBA curriculum at IIML covers all functional areas of business including finance, accounting, marketing, human resources, operations management, and strategy.
The program also offers elective courses that allow students to specialize in a particular area of interest. In addition to the regular classroom teaching, the program includes case studies, simulations, live projects, and internships.
The school also offers doctoral and executive programs in management. The doctoral program is offered in collaboration with other leading business schools in India and abroad.
The executive programs are designed for working professionals who want to improve their managerial skills and knowledge.
Programs Offered:
MBA-PGP, PGP-ABM, PGP-SM etc.
Accreditations
AMBA , AACSB, EFMD
Fees
₹ 19,00,000
8. XLRI – Xavier School of Management
XLRI is India’s oldest business school established In 1968. Xavier School of Management is consistently ranked as one of the best business undergraduate schools in India.
Located in Jamshedpur, XLRI offers a two-year full-time program that provides students with a solid foundation in business and management principles.
The curriculum is designed to develop student’s analytical, decision-making, and communication skills. XLRI also offers a number of extracurricular activities, including student clubs, sports teams, and cultural events.
XLRI’s alumni include some of the most successful business leaders in India. Many XLRI graduates go on to pursue successful careers in investment banking, consulting, marketing, and human resources.
XLRI’s faculty is comprised of experienced practitioners and scholars who are committed to providing an excellent education to their students.
If you are interested in pursuing a career in business or management, XLRI is an excellent choice. The school’s rigorous curriculum and experienced faculty will prepare you for success in any field you choose to pursue.
XLRI has a library, labs, classrooms, and recreational facilities. The library holds over 69,000 books and 24,000 eBooks. XLRI’s campus features 10-gigabit ethernet to support its local area network.
In lecture spaces on campus, closed-circuit recordings and replay of lectures are also available. High-speed wireless connectivity is available as well for printing, photocopying, and scanning. Student housing can be found in XLRI blocks totaling 400 rooms.
Programs Offered:
PGDM (BM), ExPGDM, Three Year XLRI-Rutgers Double Masters Programme PGDM HRM
Rankings
AACSB AMBA
Fees
₹`20.95 Lakh
9. IIT Kharagpur, Indian Institute of Technology, West Bengal
The Vinod Gupta School of Management (VGSoM) is a branch of the IIT system and was established in 1993. It’s the first school of management to be opened.
The campus is well-maintained with recreational facilities like high-speed Wi-Fi and LAN, a central library, a computer lab with modern technology, and more.
There are also E-Cell activities like international partnerships and Srijan – a national b-plan flagship competition.
Programs Offered:
MBA, EMBA, PGDBA, MDP
Fees
₹ 11,61,300
10. Indian Institute of Technology, Bombay
IIT Bombay is a premier institute that offers management, engineering, scientific, and technology education.
IIT Bombay opened its doors in 1958 and has quickly grown in prestige over the years. Students benefit from not only traditional courses in Accounting, Finance, and Operations but also from core courses like Technology Policy, Managing Technology and R&D Management.
Eight terms make up the two-year MBA program. Students with an interest in improving their career prospects can take part in a one-month winter project towards the end of the first two terms, just like at the IIMs.
The city is easily accessed through a variety of transport methods, including buses and local trains which connect it to major parts of town.
There are plenty of amenities close by that include banks, retail centers, and hospitals to meet all your needs – plus IIT Bombay is classified as a National Institute of importance.
Programs Offered:
MBA, EMBA, MDP
Fees
₹2,26,600
11. S. P. Jain Institute of Management and Research
S. P. Jain Institute of Management and Research (SPJIMR) is a leading management school located in Mumbai, India. Established in 1981, SPJIMR is consistently ranked amongst the top business schools in the country.
The institute offers a two-year full-time Post Graduate Programme in Management (PGP), which is equivalent to an MBA degree.
The curriculum is designed to provide students with a strong foundation in all the core areas of management, including finance, marketing, operations, human resources, and strategy.
In addition to the PGP program, SPJIMR also offers executive education programs for working professionals.
These programs include the Executive Post Graduate Programme in Management (EPGP), General Management Programme for Senior Executives (GMP), and Advanced Management Programme (AMP).
SPJIMR has a strong reputation for its research programs as well. The institute has a dedicated Centre for Research and Publications, which undertakes both basic and applied research in all areas of management.
The center also publishes a monthly research journal, Indian Management Studies.
The faculty at SPJIMR includes some of the most respected names in the field of management education and research. Many of them are internationally renowned experts in their respective areas of specialization.
SPJIMR also has a strong alumni network, with over 20,000 alumni spread across the globe. The alumni are actively involved with the institute through various initiatives such as guest lectures
12. Symbiosis Institute of Business Management Bengaluru
The Symbiosis Institute of Business Management Bengaluru (SIBM Bangalore) is one of the best business undergraduate schools in India. The institute offers a two-year full-time MBA program, which is approved by the All India Council for Technical Education (AICTE).
The institute has a strong academic foundation and an excellent industry interface. The faculty members are highly experienced and qualified professionals who provide quality education to the students.
The students get ample opportunities to interact with industry experts through guest lectures, workshops, and internships.
The campus is spread over 14 acres of land and is located in the heart of the city. The infrastructure is world-class and provides a conducive environment for learning.
SIBM Bangalore has state-of-the-art classrooms, well-equipped laboratories, a library with a rich collection of books and journals, and modern facilities for sports and recreation.
The Symbiosis Institute of Business Management Bengaluru has been consistently ranked among the top B-schools in India by various rating agencies.
It is one of the most sought-after institutes for pursuing an MBA degree. Admission to the MBA program at SIBM Bangalore is based on entrance exams like SNAP (Symbiosis National Aptitude Test), followed by GD (Group Discussion) and PI (Personal Interview).
13. Shailesh J. Mehta School of Management
The Shailesh J. Mehta School of Management offers a world-class business education that is designed to prepare students for success in a global economy.
The school offers a variety of undergraduate and graduate programs that are tailored to meet the needs of students from all backgrounds.
The school’s faculty is comprised of experienced professionals who are committed to helping students reach their full potential. The school’s curriculum is designed to provide students with the knowledge and skills they need to be successful in today’s business world.
The Shailesh J. Mehta School of Management is accredited by AACSB International, which is the highest standard of accreditation for business schools worldwide. The school is also ranked among the top 100 business schools in the world by the Financial Times.
The Shailesh J. Mehta School of Management is dedicated to providing its students with an exceptional education that will prepare them for success in their chosen career paths. If you are looking for a top-quality business education, then look no further than the Shailesh J. Mehta School of Management!
14. National Institute of Industrial Engineering (NITIE)
Founded in 1963, the National Institute of Industrial Engineering (NITIE) is a leading business school in India. The institute offers undergraduate, postgraduate, and doctoral programs in various disciplines such as industrial engineering, management, and technology.
NITIE has a strong research focus and is home to several world-class research centers. The institute has a highly qualified faculty with extensive experience in industry and academia. NITIE also has state-of-the-art infrastructure and facilities.
The institute has a long tradition of producing excellent students who go on to have successful careers in industry and academia. NITIE alumni include CEOs of major companies, professors at leading universities, and entrepreneurs.
NITIE is consistently ranked among the top business schools in India by various rating agencies. In 2020, NITIE was ranked 4th among all business schools in India by the Financial Times Global MBA Ranking.
15. Institute of Management Technology, Ghaziabad
Institute of Management Technology, Ghaziabad is one of the best business undergraduate schools in India. It offers a four-year full-time program that is recognized by the All India Council for Technical Education (AICTE). The institute has been consistently ranked among the top business schools in India by various media outlets.
The Institute of Management Technology, Ghaziabad offers a world-class education to its students. The faculty at the institute is experienced and qualified.
They use the latest teaching methods to help students learn effectively. The institute has state-of-the-art facilities and infrastructure. It provides an excellent learning environment for its students.
The Institute of Management Technology, Ghaziabad has a strong industry interface. It has tie-ups with leading companies. This helps students get internships and job opportunities. The institute also helps students start their own businesses.
16. Indian Institute of Foreign Trade
The Indian Institute of Foreign Trade (IIFT) is an autonomous public research university located in New Delhi, India. It was established in 1963 by the Government of India and offers a range of undergraduate, graduate, and doctoral programs in international business. IIFT is widely considered to be one of the best business schools in India and is consistently ranked amongst the top ten such institutions in the country.
The institute has strong industry linkages and its alumni are placed in various prestigious organizations across the globe. IIFT also offers a number of short-term executive programs for working professionals. The faculty at IIFT is highly experienced and includes scholars from reputed universities around the world.
IIFT offers a unique blend of academic rigor and real-world relevance in its programs which equip students with the skills and knowledge required to succeed in today’s globalized economy. The institute provides an excellent platform for students interested in pursuing careers in international business, trade, economics, or diplomacy.
17. Indian Institute Of Management–Nagpur (IIM–Nagpur)
The Indian Institute of Management Nagpur (IIM-Nagpur) is one of the best business undergraduate schools in India. It offers a world-class education to its students and prepares them for successful careers in business.
IIM-Nagpur has a strong academic program that provides its students with the knowledge and skills they need to succeed in the business world. The faculty is experienced and highly qualified, and the school provides a supportive and stimulating environment for learning.
IIM-Nagpur also has excellent facilities and resources, including a modern library, state-of-the-art laboratories, and computing facilities. The campus is located in a beautiful setting, and the school has a strong commitment to sustainability.
IIM-Nagpur graduates have gone on to successful careers in various sectors, including banking, finance, consulting, marketing, and entrepreneurship. They are well-prepared to take on leadership roles in their chosen field.
18. Indian Institute Of Management–Sambalpur (IIM–Sambalpur)
The Indian Institute of Management Sambalpur (IIM-Sambalpur) is one of the best business undergraduate schools in India.
It offers a four-year Bachelor of Business Administration (BBA) program that is accredited by the Association to Advance Collegiate Schools of Business (AACSB).
The curriculum is designed to provide students with a solid foundation in business knowledge and skills, as well as the opportunity to specialize in areas such as marketing, finance, and human resources.
IIM-Sambalpur also offers a two-year Master of Business Administration (MBA) program, which is also AACSB accredited. In addition, IIM-Sambalpur has an active research center that conducts cutting-edge research in areas such as marketing, finance, and organizational behavior.
19. Indian Institute Of Managiement–Sirmaur (IIM–Sirmaur)
The Indian Institute of Management-Sirmaur (IIM-Sirmaur) is one of the best business undergraduate schools in India. It offers a two-year full-time program that leads to a Bachelor of Business Administration (BBA) degree.
The institute has been consistently ranked amongst the top 10 business schools in India by various rating agencies. IIM Sirmaur has also been accredited by the National Board of Accreditation (NBA).
The curriculum at IIM Sirmaur is designed to provide students with a strong foundation in all the core subjects of business management. The institute also offers a number of electives, allowing students to specialize in areas such as marketing, finance, human resource management, and information technology.
IIM Sirmaur has a well-qualified and experienced faculty, who are engaged in research and consulting activities in addition to teaching. The institute also has a strong network of alumni, who are working at senior positions in leading organizations across the country.
20. Indian Institute Of Management–Jammu (IIM–Jammu)
Indian Institute of Management Jammu (IIM-J) is one of the best business undergraduate schools in India. Located in the state of Jammu and Kashmir, IIM-J is a premier institute for management education and research. The institute offers a two-year full-time MBA program, which is widely recognized as one of the best in India.
IIM-J has an excellent faculty, who are highly experienced and knowledgeable in their respective fields. The institute also has a world-class infrastructure, which includes well-equipped classrooms, libraries, and laboratories. In addition, IIM-J provides students with ample opportunities to interact with industry experts and gain practical experience through internships and live projects.
The MBA program at IIM-J is designed to provide students with a strong foundation in all the core areas of business management.
The curriculum covers subjects such as marketing, finance, accounting, human resource management, operations management, and strategy. In addition, students are also required to complete a summer internship project during their first year of study.
IIM-J has a strong placement record, with most of its students getting placed in top companies such as Amazon, Flipkart, Microsoft, Google, etc. The average salary offered to MBA graduates from IIM-J is around INR 20 lakhs per annum.
If you are looking for a top business school to pursue your MBA degree, then the Indian Institute of Management Jammu
21. Indian Institute Of Management Amritsar (IIM Amritsar)
IIM Amritsar was established in 2015 and is one of the newer Indian Institutes of Management. It is located in the city of Amritsar in the state of Punjab.
The institute offers a two-year, full-time postgraduate program in management. The program is approved by the All India Council for Technical Education (AICTE).
The curriculum at IIM Amritsar is designed to provide students with a strong foundation in all aspects of business and management.
The first year of the program focuses on core courses such as accounting, economics, finance, marketing, and operations management. In the second year, students can choose to specialize in any one of these areas.
The institute also offers a number of elective courses that allow students to explore other areas of interest.
IIM Amritsar has a strong focus on research and offers a number of research programs leading to a Ph.D. degree. The institute has a well-equipped library with a wide collection of books and journals. It also has a computer lab with internet access for students to carry out their research work.
22. Indian Institute Of Management–Kashipur (IIM–Kashipur)
The Indian Institute of Management Kashipur (IIM-Kashipur) is one of the best business undergraduate schools in India. The institute offers a two-year full-time program that equips students with the skills and knowledge required to take up leadership positions in businesses.
The curriculum at IIM-Kashipur is designed to provide a strong foundation in all the core areas of business, including economics, finance, accounting, marketing, and operations.
In addition to these, students also get to choose from a range of electives that allow them to specialize in their area of interest.
Apart from academic excellence, IIM-Kashipur also provides its students with ample opportunities to participate in extracurricular activities and gain real-world experience through internships and projects. The institute has a strong placement record, with top companies recruiting its graduates every year.
Thus, if you are looking for a top-notch business education, IIM-Kashipur is the place for you!
23. Indian Institute Of Management–Ranchi (IIM–Ranchi)
The Indian Institute of Management Ranchi (IIM-Ranchi) is one of the best business undergraduate schools in India. The institute is located in Ranchi, Jharkhand.
It was established in 2010. The institute is approved by AICTE and it is accredited by NBA. IIM-Ranchi offers five-year integrated programs in management leading to a Bachelor of Business Administration (BBA) degree.
The institute also offers three-year full-time programs in management leading to a Master of Business Administration (MBA) degree.
IIM-Ranchi has excellent infrastructure and facilities. The campus is spread over an area of 100 acres.
It has well-equipped classrooms, seminar halls, and conference rooms. The library has a collection of over 60,000 books and journals.
The institute has a computer lab with an internet facility. Wi-Fi is available on campus.
Conclusion
As discussed earlier, there are many factors that come into play when deciding on what undergraduate business school to enroll in. The best way to decide is by analyzing the factors that are most important for you and then making a choice with commitment.
In this article, we have discussed exhaustively the best undergraduate business schools in India. You should now be able to make a choice with confidence. We hope that you will find our advice helpful and we wish you all the best in your future endeavors. Check out the 44 Best Undergraduate Business Schools in Europe and the Ways an Online Degree Can Change the Future of Work.
