Top MBA Colleges In Gujarat

  • By Riya Kashyap
  • 21 March 2023
mba colleges gujarat

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Gujarat has its fair share of top MBA colleges students aspire to graduate from. In fact, IIM Ahmedabad university is a nationally acclaimed institution. It takes the #1 spot in NIRF rankings annually. 

Most top MBA colleges in Gujarat require students to pass a state or national-level entrance exam to gain admission. They must also have a Bachelor's degree in any field from a recognised university or institution. 

Furthermore, the average fee for an MBA program can be between ₹40K to ₹23 Lakh per year, depending on the college. 

[Also Read: Best MBA Colleges In India]

Top 10 Colleges In Gujarat For MBA 

Here is a list of the top 10 MBA colleges in Gujarat.

  • IIM Ahmedabad

This is the second oldest IIM institution in India. It takes the first slot in NIRF rankings and has thus made it onto the list of Gujarat MBA colleges students most often apply for. It's a top-rated business school and one of the best MBA colleges in India. It offers several MBA programs with various specialisations.

Annual Fee for MBA 

₹24.61 Lakhs

Top Courses

  • Post Graduate Program in Management (PGPM)

  • Post Graduate Program in Management for Executives (PGPX)

  • Post Graduate Programme in Food and Agri-Business Management (PGP + FABM)

  • Executive Post Graduate Diploma in Business Analytics

  • PhD In Management

Entrance Exams


Eligibility Criteria 

  • Personal Interview (PI): 50%

  • Analytical Writing Test (AWT): 10%

  • CAT Score: 25%

  • Academics, Work Experience, Extra Curricular Achievements: 15%

  • MICA Ahmedabad

MICA - The school of ideas is known for its management programs. Some of its major courses are its MBA, certificate, and PhD courses in management. This makes it one of the best MBA colleges in Gujarat.

Well-known for its return on investment. This is evidenced by the institute's placement drive for its 27th batch, which resulted in a 100% placement percentage, with the highest salary at ₹57.51 Lakhs p.a. and the Average Salary standing at ₹19 Lakhs p.a.

Annual Fee for MBA 

₹21 Lakhs

Top Courses

  • Fellow Programme in Management (FPM)

  • Post Graduate Diploma in Management (PGDM)

Entrance Exams


Eligibility Criteria  

  • CAT/XAT/GMAT: 20%

  • MICAT: 30%

  • Group Exercise (GE): 20%

  • Personal Interview (PI): 30%

  • Institute Of Management, Nirma University (IMNU)

Nirma University was ranked 18th among other private colleges in India on the IIRF ranking, putting on every student's personal list of Gujarat MBA colleges they wish to apply to. It offers a flagship MBA course with several specialisations and 2 integrated courses. 

Annual Fee for MBA 

₹10.88 Lacs

Top Courses

  • BBA+MBA (Integrated)
  • B.Tech+MBA (Integrated)
  • MBA
  • MBA (Family Business & Business)
  • FPM - Fellow Programme in Management
  • PhD in Business Management

Entrance Exams


Eligibility Criteria  

  • IPMAT Score: 50%

  • Personal Interview Score: 30%

  • XII Std. Score: 20%

  • Maharaja Sayajirao University of Baroda (MSU)

The MSU is one of the oldest and most prestigious universities in India. It's been accredited with an A Grade by the NAAC. Additionally, it's also been ranked 151th on NIRF rankings and 16th under the pharmacy category. 

Annual Fee For MBA 


Top Courses

  • MBA

  • MBA Specialisations: 
    • Human Resource 
    • Management Marketing 
    • Management

  • Finance Management

  • BBA

  • M.Sc

  • BA

  • B.Com

Entrance Exams


Eligibility Criteria 

  • Dependent on CMAT scores.
  • Cut off: 270 marks

  • ITM Vocational University (ITMVU)

ITM Vocational University, or ITMVU, is a private university located in Vadodara, Gujarat. The ITMU is UGC and AICTE-approved university which was established in 2014. Furthermore, the college's faculty have years of experience in their specialised fields, granting students in-depth knowledge of their subjects. 

The university's placement program is also praiseworthy, with the average salary package sitting at ₹3.25 Lakhs p.a. and the highest being ₹12 Lakhs p.a.

Annual Fee For MBA 


Top Courses

  • MBA 

  • MBA Specialisations: 
    • Human Resource, 
    • Finance, 
    • Marketing, 
    • Operations & Supply Chain Management
  • BBA

  • Executive MBA

Entrance Exams


Eligibility Criteria 

  • Graduate degree with 50% marks or equivalent CGPA

  • 2 years of work experience (for the executive MBA course )

  • Sardar Patel University (SPU) 

Sardar Patel University is hailed as one of Gujarat's largest universities. Founded in 1995, it's a state university that is approved by AICTE (All India Council for Technical Education). It's on everyone's list of MBA colleges in Gujarat, especially students looking to pursue an MBA program.  

Annual Fee For MBA 


Top Courses

  • M.Sc
  • BBA
  • MBA
  • M.Phil
  • PG Diploma

Entrance Exams


Eligibility Criteria 

Valid CAT scores 

  • SV Institute of Management

The SV Institute is primarily known for its management courses. It's been ranked 5th in Gujarat by Dialogue India Annual Ranking. Students wanting to attend this institution need a minimum of 50% aggregate marks in their HSC and SSLC, with valid CMAT scores. 

The college also offers extensive student training programs, such as pre-placement talks, industry visits, summer internships, workshops, seminars and conferences, mock interviews and group discussions. The average package students have received on placement is ₹3.33 Lakhs p.a., with ₹6.60 Lakhs p.a. being the highest. 

Annual Fee For MBA 


Top Courses

  • Master of Business Administration (MBA)

  • Integrated Master of Business Administration (IMBA)

Entrance Exams


Eligibility Criteria 

Valid CMAT scores and Graduate degree with 50% marks or equivalent CGPA

  • Centre for Environmental Planning And Technology, CEPT University

The CEPT university has been given 5 stars in the GSIRF and 4th in the Overall University category. It is a UGC-recognised institute located in Ahmedabad offering UG, PG, and research-based programs. 

Its placement programs provide job opportunities with top recruiters like TATA, JLL, KPMG, Deloitte, ASCI, etc., with the average median salary offer at ₹5.45 Lakhs p.a.

Annual Fee For MBA 

₹3.78 Lakhs 

Top Courses

Master of Urban Management

Entrance Exams


Eligibility Criteria 

  • Valid score in CAT, MAT or CMAT

  • Academic Performance

  • Work Experience

  • Extracurricular Awards/ Recognition

  • Online Written Exam: UMAT (Urban Management Aptitude Test)

  • Pandit Deendayal Energy University (PDEU) 

Formerly called Pandit Deendayal Petroleum University (PDPU), PDEU is located in Gandhi Nagar, Gujarat. This institute is approved by the AICTE and recognised by the UGC. It's a prestigious university with a Grade A NAAC accreditation.

The duration of its programs is 4 years, and its PG programs, namely its MBA course, is 2 years. Applicants are selected through an entrance exam for PG courses. Furthermore, PDEU also has had 100% placements in both its MBA Programs for the last four years. 

Annual Fee For MBA 

₹4.19 Lakhs 

Top Courses

BA, B.Tec, M.Tech, MBA

Entrance Exams


Eligibility Criteria 

  • 50% On Graduation In Any Discipline 
  • Valid CAT / CMAT / NMAT Score

  • Ganpat University

Gnapat university was established in 2005. The institute is spread over 300 acres and offers many UG and PG courses in fields like Social Science, Humanities, Education, Computer Science, Management, Pharmacy, and Engineering. 

Its placement program is especially noteworthy as 24 out of 29 students were placed with a median salary of ₹4.2 Lakhs p.a. from their PG courses.

Annual Fee For MBA 


Top Courses

BE, B.Tech, PGDM & MBA

Entrance Exams


Eligibility Criteria 

  • 50% Minimum On Graduation
  • Valid CMAT, MAT, XAT Or CAT Scores

Additional list of MBA colleges in Gujarat

Here are some honorary mentions in addition to the list of top 10 MBA colleges in Gujarat

College Name 

Average Annual Fee For MBA/PGDM Courses

Institute of Rural Management - [IRMA], Anand

₹1.61 Lakhs

Indus University, Ahmedabad


Marwadi University - [MU], Rajkot

₹1.2  Lakhs

Navrachana University - [NUV], Vadodara

₹1.14 Lakhs

GLS University, Ahmedabad

₹1.22 Lakhs

GSFC University, Vadodara

₹1.75 Lakhs

Indian School of Business Management and Administration - [ISBM], Ahmedabad


Auro University, Surat

₹3.65 Lakhs


Overall, Gujarat is a great place to consider when looking for MBA colleges. As you can see, it has an extensive list of institutions offering MBA programs. In total, we have listed the top 10 MBA colleges in Gujarat, you can choose any one of them or browse a list of MBA colleges that are powered by Sunstone

The benefit of pursuing your MBA from a Sunstone-powered university is that you will get access to many skill development programs. Sunstone offers hands-on training and interactive, industry-relevant courses that help students develop practical skillsets that can help them progress in their careers. 

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