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Top MBA Institutes in India Offering the Best Return on Investment (Fees vs Average Salary Package)

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Praful Bhatnagar
College Admin | Updated on Feb 12, 2026

Top MBA Institutes in India Offering the Best Return on Investment (Fees vs Average Salary Package): Return on Investment (ROI) plays a crucial role while selecting an MBA college for admission. Some of the leading MBA colleges in India known for delivering the highest ROI include FMS Delhi, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, ISB, XLRI, and others.

The average salary packages offered by these institutions generally range between Rs 25 LPA to Rs 35 LPA. Among them, FMS Delhi stands out as the top MBA college in India in terms of ROI, as it charges a minimal fee of Rs 2.32 lakhs while offering an impressive average package of Rs 34.1 lakhs. Explore the list of top MBA colleges in India with the highest ROI in this blog below:

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Top 15 MBA Colleges in India with the Highest ROI (Fees vs Average Package)

This section highlights the leading MBA colleges in India ranked based on their Return on Investment. Among all institutions, Faculty of Management Studies (FMS), Delhi offers the best ROI due to its extremely affordable fee structure of Rs 2.32 lakhs. The complete details are provided in the table below.

MBA College Total Fees (in Lakhs) Average Package (in Lakhs)

ISB

38.67

34.21

XLRI

30.6

31.08

IIM Ahmedabad

27.5

35.5

IIM Calcutta

27

34.23

IIM Bangalore

26.3

34.88

IIM Shillong

26.18

26.44

MDI Gurgaon

25.9

26.2

IIM Kozhikode

23.5

28.05

SPJIMR

22.66

32.1

IIM Indore

21.15

29.57

IIM Lucknow

20.75

32.3

IIT Bombay (SJMSOM)

15.21

25.82

JBIMS

8.13

26.12

IISC Bangalore

5.04

29.62

FMS Delhi

2.32

34.1

Exams Accepted & Batch Size of Top 15 MBA Colleges in India

The table below provides details regarding entrance exams accepted and the batch size of these premier MBA colleges in India.

MBA Colleges in India Exam(s) Accepted Batch Size

ISB

CAT, GMAT

130

XLRI

XAT

576

IIM Ahmedabad

CAT

460

IIM Calcutta

CAT

479

IIM Bangalore

CAT

622

IIM Shillong

CAT

MDI Gurgaon

CAT

IIM Kozhikode

CAT

586

SPJIMR

CAT, GMAT

360

IIM Indore

CAT

538

IIM Lucknow

CAT

IIT Bombay (SJMSOM)

CAT

116

JBIMS

CAT/MAH-CET/CMAT

230

IISC Bangalore

CAT/GMAT/GATE

15

FMS Delhi

CAT

320

 


 


MBA Colleges with the Best ROI – Detailed Overview

ISB –Indian School of Business, Hyderabad has the highest fee among the listed colleges at Rs 38.67 lakhs, while offering an average salary package of Rs 34.21 LPA.

XLRI –Ranked among the top MBA colleges in India for ROI, XLRI charges Rs 30.60 lakhs as fees and provides an average package of Rs 31.08 LPA.

IIM Ahmedabad – A dream B-school for most CAT aspirants, IIM Ahmedabad has a fee of Rs 27.50 lakhs and an average package of Rs 30.50 LPA.

IIM Calcutta –Popularly referred to as IIM Joka, this institute offers an average package of Rs 34.23 LPA with a fee structure of Rs 27 lakhs.

IIM Bangalore – One of India’s leading MBA institutions, IIMB has an average package of Rs 34.88 LPA and a total fee of Rs 26.30 lakhs.

IIM Shillong –Categorized among tier-2 MBA colleges, IIM Shillong offers an average package of Rs 26.44 LPA and charges Rs 26.18 lakhs as fees.

MDI Gurgaon – The MBA fee at Management Development Institute, Gurgaon is Rs 25.90 lakhs, and the average package stands at Rs 26.20 LPA.

IIM Kozhikode – Known for having one of the most scenic campuses, IIM Kozhikode charges Rs 23.50 lakhs and provides an average salary of Rs 28.05 LPA.

SPJIMR – SP Jain accepts admission based on SNAP scores and offers an average package of Rs 32.20 LPA, with fees amounting to Rs 22.66 lakhs.

IIM Indore –Featured among the top MBA colleges with excellent ROI, IIM Indore has an average package of Rs 29.57 LPA and fees of Rs 21.15 lakhs.

IIM Lucknow – This institute provides an average package of Rs 32.30 LPA and charges Rs 20.75 lakhs in fees.

IIT Bombay (SJMSOM) – One of the best options for pursuing an MBA from an IIT, SJMSOM at IIT Bombay offers an average package of Rs 25.82 LPA and has a fee of Rs 15.21 lakhs.

JBIMS – Known as the “CEO Factory of India,” JBIMS offers an average package of Rs 26.12 LPA and has a comparatively low fee of Rs 8.13 lakhs.

IISC Bangalore – With a fee of Rs 5.04 lakhs (the lowest after FMS), IISC Bangalore offers an impressive average package of Rs 29.62 LPA.

FMS Delhi –Faculty of Management Studies, Delhi ranks as the best MBA college in India in terms of ROI. The institute provides an average package of Rs 34.10 LPA while charging only Rs 2.32 lakhs as total fees.

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