Admission to the new academic year for MBA courses is in full swing. While Indian colleges of Management (IIMs) have much reputation and are preferred widely, non-IIM MBA colleges acquire eligibility to outperform the older IIMS, based on placement and infrastructure. The non IIM based MBA colleges offer good placement in tech and management. The reason many choose these institutes is because of their locations, recognised as corporate hotspots. This is also to gain good placements after completing the MBA program because of the high relevancy of industry exposure in these areas. The list shared here includes institutes from tier 1 cities like Mumbai, Delhi, Delhi-NCR and Pune as options beyond IIMs. Check the complete details of fee structure, entrance exams and ranking of these institutes from here.
List of Non-IIM MBA Institutes in India (with NIRF Ranking)
Given here is a list of top non-IIM MBA institutes in India with NIRF 2025 rankings. Candidates looking to enroll in prestigious MBA programs in these institutes can get in through appearing for national and state level entrance exams like XAT, SNAP, or NMAT). The list also contains entrance exams required to get into each institute. As the admission to MBA programs are rolling, candidates can use this list to compare and make a wise choice for their career.
| Institute | NIRF Ranking | Entrance Exams |
|---|---|---|
| XLRI Jamshedpur | 10 | XAT |
| FMS Delhi | | CAT |
| SPJIMR Mumbai | 20 | CAT / GMAT |
| ISB Hyderabad | 27 | GMAT / GRE |
| JBIMS Mumbai | | MAH-MBA, CET, CAT, CMAT |
| IIFT New Delhi | 17 | CAT |
| MDI Gurgaon | 09 | CAT / GMAT |
| SJMSOM , IIT Mumbai | | CAT |
| IMY Ghaziabad | 30 | CAT / XAT / GMAT |
| VGSoM, IIT Kharagpur | 12 | CAT |
MBA Fee Structure and Placement Details 2026
To evaluate which B-Schools are better for your career, you need to understand the investment you are making, while comparing with the expected return out of your program. The major factor candidates should check is fees and average package offered by the institute. For the 2026-27 academic year, many institutes have changed or have upgraded their fee structure, while the placement records have also shifted as compared to the past year. Check the table to understand the breakdown of fee details and aiverage package offered to students from the top non IIM MBA schools.
| Institute | Fee Details (Rs Lakhs) | Avg Package (Lacs pa) |
|---|---|---|
| FMS Delhi | 2.00 LPA | INR 34.10 LPA |
| XLRI Jamshedpur | 28.60 LPA | INR 31.40 LPA |
| SPJIMR Mumbai | 24.00 LPA | INR 33.00 LPA |
| MDI Gurgaon | 25.00 LPA | INR 27.50 LPA |
| IIFT Delhi | 21.70 LPAINR | INR 29.10 LPA |
How To Choose The Best Value-for-Money MBA Programs in 2026?
Choosing a MBA program and college that is value for money and also brings a good package depends on your objectives. Define your objective as to what you want from your MBA program. Given here are few tips to follow to help you make that decision:
1. Calculate the overall investment you will be making to pursue the program at the institute. This includes measuring time and money both.
Compare your tuition fee, hostel expenses and compare it with the median package offered by the preferred institute. Pursuing MBA programs at FMS Delhi or JBIMS Mumbai is often considered valuable based on their low fees and high return packages.
2. Evaluate the median salary offered as per the industry standards.
Check your intended domain and its starting salary, as international packages, and companies may offer diluted data. In 2026, tech-focused programs such as SJMSOM (IIT Bombay) provide outstanding value for engineers by offering high-paying employment in operations and analytics at a lesser cost than private IIMs.
While these are some factors candidates can use to measure and evaluate to choose the best non IIM MBA institutes, they can also base their decision on rankings, distance and industry led curriculums.