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By Bhavya Thakkar

Looking for MBA Colleges in Kolkata? Here are the Top Picks from the City of Joy!

5th October, 2021

Maybe you made up your mind to take a trip to Kolkata while you were eating popcorn and watching Priyanka Chopra and Ranveer Singh dancing their worries away in ‘Gunday’. Or maybe you’re a big fan of ‘Roshogulla’ like most of us. Whether it’s the mouth-watering delicacies, the culture, or the vibrant city landscape, we’re giving you an even better reason to visit the ‘City of Joy’ which compliments your career too!

If you are someone who wants to excel in your career and grab the opportunity to take charge, you’ve come to the right place. Management studies have become a go-to option for this generation because of the advantages it brings along with itself. Let us understand MBA a little better before going any further.

What Does MBA Stand for?

A Master of Business Administration (MBA) is a graduate degree that focuses on the administration of a business. Accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management are all covered in an MBA program’s core courses in a way that is most relevant to management analysis and strategy.

Why MBA?

An MBA, especially one from a prestigious business school, will provide you with a slew of benefits. Obtaining a high MBA income after graduation, securing a management job, building a strong professional network, and even being your own boss are just a few of the benefits of pursuing an MBA degree.

After you’ve made up your mind to go on this life-changing journey, then comes another vital decision that sets the course for your path i.e choosing the right college. Doing an MBA from an institution that only feeds you theoretical knowledge is as good as food without salt, it looks tempting but does nothing for your palette.

A good MBA college combines theoretical as well as practical knowledge so that your career isn’t compromised. To give you a full overview, we have compiled the best MBA colleges that Kolkata has to offer with the cost of living in the city, the average placement salaries and places you can hang out at while you’re there. In the end, it’s not just about the course, it’s the experience!

So without further ado, let us walk you through the top 15 MBA colleges in Kolkata.

List of Best MBA Colleges in Kolkata

Apart from being the cultural capital of India, Kolkata has some of the best MBA colleges to choose from and you get to do that amidst the beauty of the Bengali heritage.

Best MBA Colleges in Kolkata
Image Source: The New Indian Express

MBA in Kolkata is a fantastic alternative because there are many options for pursuing MBA in Kolkata at a low cost with a high return on investment. A great corporate interface is also available due to its unique status as the state capital and industrial centre.

In comparison to other places, pursuing an MBA in Kolkata provides a wonderful learning experience with outstanding career opportunities. The city of Kolkata is a treasured goal of studying management education, with more than 50 MBA institutes delivering exceptional instruction.

Here are the top 15 MBA colleges in Kolkata:

College NameCourse Fees
Indian Institute of Management Calcutta22.60L
Indian Institute of Foreign Trade18.25L
Calcutta Institute of Engineering and Management, Sunstone Eduversity1.25L
+ 10x monthly salary
International Management Institute11.50L
Management Development Institute9.24L
Globsyn Business School7.95L
Xavier’s Business School10.45L
Institute of Engineering and Management6.4L
Calcutta Business School6.85L
Praxis Business School7.27L
International School of Business and Media8.60L
Bengal Institute of Business Studies5.78L
Indian Institute of Social Welfare and Business Management6L
ICFAI Business School8.29L
Sister Nivedita University2.76L

Note: Sunstone Eduversity offers its pay after placement and money-back guarantee MBA/PGDM programs in partnership with 23+ campuses in 18 different cities. Click here to know more.

*After getting placed, the student has to pay 10x their gross monthly salary with a cap of 6L total fee including the registration fee.

Indian Institute of Management

IIM Calcutta, which joined the elite group of IIMs in 1961, has regularly rated third in the NIRF Ranking for the past six years. IIM Calcutta has established itself as one of India’s top management schools.

Best MBA Colleges in Kolkata_Indian Institute of Management Kolkata
Indian Institute of Management
Image Source: IIM Calcutta

MBA is IIMC’s most popular programme, followed by a one-year MBA, Executive MBA. Admission to the two-year MBA programme is done through the CAT, and for MBAEx, the GMAT score is taken into account along with a minimum of two years of work experience.

  • Course Fee: 22.60L
  • Average Package: 27.9 LPA
  • Address: Diamond Harbour Rd, Joka, Kolkata, West Bengal 700104 (Get Directions)
  • Nearby Hangouts: Sunderbans, Bhakkali, Bibhuti Bhushan Wildlife Sanctuary, Diamond Harbour
  • Contact Number: 033 2467 8300

Indian Institute of Foreign Trade

The Indian Institute of Foreign Trade (IIFT) is a public business school that operates independently. It has selected West Bengal as the location for its first campus outside of Delhi. IIFT Kolkata is a Salt Lake City-based institute that was founded in 2006.

Best MBA Colleges in Kolkata_Indian Institute of Foreign Trade
Indian Institute of Foreign Trade
Image Source: IIFT Kolkata

The Master of Business Administration in International Business is its flagship programme. It is the only institute in India that provides this programme among the top ten business schools. IIFT has constantly been recognised in the top ten business schools in the country.

  • Course Fee: 18.25L
  • Average Package: 21.08L
  • Address: 1583, Chowbaga Canal Side Rd, Madurdaha, Chowbaga, Kolkata, West Bengal 700100 (Get Directions)
  • Nearby Hangouts: Birla Mandir, Victoria Memorial, India Museum, Millenium Park, Elliot Park, Eco Park
  • Contact Number: +91-33-24195700, +91-33-2443 2454

Calcutta Institute of Engineering and Management

The Kolkata Institute of Engineering and Management (CIEM) is a leading self-financed private college affiliated with Maulana Abul Kalam Azad University of Technology (MAKAUT), formerly WBUT, and accredited by NAAC.

Best MBA Colleges in Kolkata_Calcutta Institute of Engineering and Management
Calcutta Institute of Engineering and Management
Image Source: Institutes Hub

The institute provides a one-of-a-kind setting in which to learn how to run creative programmes and interact with peer and faculty mentors. Our faculty members are highly regarded in their disciplines and are highly involved and approachable as teachers and mentors, providing ample hands-on experience through industry exposures and project-based learning that prepares students to make a difference in the real world.

  • Course Fee: 1.25L +10x Monthly Salary
  • Address: 24, 1A, Chandi Ghosh Rd, Ashok Nagar, Tollygunge, Kolkata, West Bengal 700040 (Get Directions)
  • Nearby Hangouts: Netaji Park, Birla Industrial and Technological Museum, Kalighat, Rabindra Sarobar Lake
  • Contact Number: 076050 27821

Note: Sunstone Eduversity offers its pay after placement and money-back guarantee MBA/PGDM programs in partnership with 23+ campuses in 18 different cities. Click here to know more.

*After getting placed, the student has to pay 10x their gross monthly salary with a cap of 6L total fee including the registration fee.

International Management Institute

Kolkata is one of three chapters of the International Management Institute, India’s first corporate-sponsored business school. IMI Kolkata Chapter was founded with a sense of clarity and purpose, which has been translated into a clear goal: to promote IMI Kolkata as an institute that provides significant opportunities to learn, grow, and most importantly, develop and hone multiple skills across various management disciplines.

Best MBA Colleges in Kolkata_International Management Institute
International Management Institute
Image Source: shiksha.com

IMI Kolkata’s flagship curriculum is the two-year Post-Graduate Diploma in Management (PGDM). It has NBA accreditation and is AICTE approved. According to the Association of Indian Universities, the programme is equivalent to an MBA (AIU).

  • Course Fee: 11.50L
  • Average Package: 12.77LPA
  • Address: 2/4 C, Judges Ct Rd, Alipore, Kolkata, West Bengal 700027 (Get Directions)
  • Nearby Hangouts: Fort Willian, Mohor Kunja, Zoological Garden, M.P Birla Planetarium
  • Contact Number: 033 6652 9600

Management Development Institute

MDI Murshidabad is one of the Management Development Institute’s two campuses and is one of the country’s best-rising B-schools. The institute offers an AICTE-approved PGDM programme that is focused on the industry.

Best MBA Colleges in Kolkata_Management Development Institute
Management Development Institute
Image Source: College Dunia

The MDI Murshidabad campus, which spans 10 acres, is one of the country’s most contemporary, aiming at developing future professionals with a global perspective. The campus has a cutting-edge technologically reliable infrastructure, including resource and sports facilities. Nearly 400 students can be accommodated in the spacious and scientifically developed Student’s hostel.

  • Course Fee: 9.24L
  • Average Package: 9.03LPA
  • Address: Kulori, P.O. – Uttar Ramna, P.S- Raghunathganj , Dist, State, West Bengal PIN – 742235 (Get Directions)
  • Nearby Hangouts: Hazarduari Palace, Nizamat Imambara, Murshidabad Park, Katra Masjid, Chawk Masjid
  • Contact Number: 096747 27164

Globsyn Business School

Globsyn Business School (GBS) has established itself as India’s sole “Corporate B-School” during the previous two decades, with the AICTE approving its two-year full-time Post-Graduate Diploma in Management (PGDM).

Best MBA Colleges in Kolkata_Globsyn Business School
Globsyn Business School
Image Source: GBS Kolkata

GBS is well on its way to establishing a globally networked, corporate-savvy, research-driven management education system that produces ‘Industry Relevant Managers’ – an agile group of professionals equipped to operate in today’s technology-driven business environment – with an edifice built on Innovation, Research, and Technology. As a result, over 360 organisations have taken in their 3000+ alumni, who have received numerous awards for their accomplishments.

  • Course Fee: 7.95L
  • Average Package: 3.5LPA
  • Address: Mouza Chandi, PS Bishnupur JL No. 101, Kolkata, West Bengal 743503 (Get Directions)
  • Nearby Hangouts: Chintamani Kar Bird Sanctuary, Writers Building, Sabarna Sagrahashala, State Archaeological Museum
  • Contact Number: 082740 04556

Xavier’s Business School

The institute, which is a private co-educational institution, was founded in 2018. St. Xavier University Kolkata houses the Xavier Business School. The Xavier Association of Management Institutes has accepted XBS Kolkata as a member (XAMI). XBS Kolkata has a total of 5 faculty members. Xavier Business School Kolkata’s objective and vision are to develop global leaders for today and tomorrow.

Best MBA Colleges in Kolkata_Xavier's Business School
Xavier’s Business School
Image Source: Careers360

Full-time M.B.A. programs are available at XBS Kolkata in a variety of specializations. To apply for the Xavier Business School Kolkata course, students must meet the fundamental prerequisites. The institute also includes a library, recreational facilities, a cafeteria, and boy’s hostels for students.

  • Course Fee: 10.45L
  • Average Package: 6.5LPA
  • Address: New Town Rd, Action Area III, Newtown, New Town, West Bengal 743502 (Get Directions)
  • Nearby Hangouts: Maidan, Nature Study Park, Allen Park, Rabindra Sadan, Carmelite Chapel
  • Contact Number: +91 336624 9896

Institute of Engineering and Management

Institute of Engineering and Management (IEM), Kolkata is the 3rd Best Engineering college in West Bengal after IIT Kharagpur and NIT Jadavpur. It is ranked at 79th position among the best private engineering colleges of India.

Best MBA Colleges in Kolkata_Institute of Engineering and Management
Institute of Engineering and Management
Image Source: UEM Kolkata

The Institute offers undergraduate and postgraduate courses in the fields of Engineering and Management and admission to certain courses is offered on basis of MAKAUT. Candidates graduating from the institute are placed in top-notch companies such as Kotak Life, Axis Securities, Strathspey Labs Pvt. Ltd., All Asia Medical Institute, and Just Dial. etc.

  • Course Fee: 6.4L
  • Average Package: 7.0LPA
  • Address: GN-34/2, Ashram Building, Opposite to Nalban, Saltlake Electronics Complex, Street Number 27, next to Cognizant Technology Solutions Private Ltd, Sector V, Bidhannagar, Kolkata, West Bengal 700091 (Get Directions)
  • Nearby Hangouts: Thanthania Kalibari, Conterra Agritourism, Muhammad Ali Park, Howrah Bridge
  • Contact Number: +91 33 2357 2969, +91 33 2357 7649 

Calcutta Business School

Calcutta Business School (CBS) is a self-contained institute that offers a two-year full-time Post Graduate Diploma in Management (PGDM) and Management Development Programs that have been authorised by the AICTE (MDP).

Best MBA Colleges in Kolkata_Calcutta Business School
Calcutta Business School
Image Source: College Dekho

The B-School is housed in a vast 15-acre residential, eco-friendly, and smart campus on the outskirts of Kolkata, and is modelled after the country’s top-ranked business schools. The School provides an academically stimulating atmosphere that is made pleasurable by a range of opportunities for pupils to express themselves and grow.

  • Course Fee: 6.85L
  • Average Package: 5.0L
  • Address: Diamond Harbour Road Opp. Nilgiri Cinema Hall, Bishnupur, Bara Gagan Gohalia, Kolkata, West Bengal 743503 (Get Directions)
  • Nearby Hangouts: CBS Temple, Swaminarayan Mandir, Eden Garden, Joka Birding Area, Gwalior Monument
  • Contact Number: 033 2420 5200

Praxis Business School

Praxis Business School, a prominent B-School for Post-Graduate Diploma in Management (PGDM), was founded in 2007 on the outskirts of Kolkata. The All India Council for Technical Education has approved the institute (AICTE). 

Best MBA Colleges in Kolkata_Praxis Business School
Praxis Business School
Image Source: Analytics Vidhya

Praxis Business School provides a two-year full-time PGDM programme in Finance, Marketing, Human Resources, Systems and Operations, as well as a nine-month Post-Graduate Program (PGP) in Data Science and Cyber Security.

  • Course Fee: 7.27L
  • Average Package: 8.30LPA
  • Address: Bakrahat Road, Rasapunja, 24 Parganas South, Kolkata, West Bengal 700104 (Get Directions)
  • Nearby Hangouts: Indira Park, Emami Foundation, Royal Calcutta Golf Club, Gandhi Bhawan
  • Contact Number: 033 2498 0553

International School of Business and Media

The ISB&M riverside campus is located in Budge Budge, a historic area. This serene, quiet, lush green, and unpolluted waterfront campus, located on the banks of the Hooghly River, provides the ideal environment for learning and growth that our students require in order to achieve their goals. It is easily accessible from Kolkata and has excellent road and rail connections.

Best MBA Colleges in Kolkata_International School of Business and Media
International School of Business and Media
Image Source: Admission MBA

The high standard of infrastructure and cutting-edge technologies meet the educational needs of today’s students and tomorrow’s leaders. We adhere to international education and training standards and work hard to offer the best possible learning environment. The goal is to refine and sharpen managerial skills.

  • Course Fee: 8.60L
  • Average Package: 5.0LPA
  • Address: 330/2, Pujali Trunk Road, Mouza – Rajibpur, JL No. 43, P.S, Budge Budge, Kolkata, West Bengal 700138 (Get Directions)
  • Nearby Hangouts: Easter Island, Rabindra Tirth, Culture and Heritage of Bengal, Nicco Park, Aquatica
  • Contact Number: 033 2482 0018

Bengal Institute of Business Studies

At its heart, BIBS, one of the Management MBA colleges in Kolkata, West Bengal, boasts a distinguished roster of professors with a wealth of experience. Alumni from top universities such as IIMs and XLRI, for example, equip students with a solid management foundation that serves as a great starting point.

Best MBA Colleges in Kolkata_Bengal Institute of Business Studies
Bengal Institute of Business Studies
Image Source: Clg Online

Active Mentoring by Industry Leaders adds value to management education by including students in Live Fieldwork and other activities such as Market Surveys (through City Scan), Branding (via Brand Wars), and other activities that prepare students for the rigours of the corporate world.

  • Course Fee: 5.78L
  • Average Package: 4.5LPA
  • Address: 18D, Lake View Rd, Lake Terrace, Ballygunge, Kolkata, West Bengal 700029 (Get Directions)
  • Nearby Hangouts: Green Zone, What’s up Cafe, Park Side
  • Contact Number: 098363 00046

Indian Institute of Social Welfare and Business Management

The Indian Institute of Social Welfare and Business Management (IISWBM) was the first business school in India to provide an MBA degree, having opened its doors in 1953. It offers a variety of postgraduate, diploma, and doctoral management programs. All of these courses are admitted based on national level tests such as the CAT, MAT, GMAT, XAT, ATMA, and the institute’s Group Discussion Personal Interview (GDPI).

Best MBA Colleges in Kolkata_Indian Institute of Social Welfare and Business Management
Indian Institute of Social Welfare and Business Management
Image Source: College Dekho
  • Course Fee: 6.0L
  • Average Package: 7.5LPA
  • Address:  Madan Mohan Sen St, Behind PhD Section, Calcutta University, College Square West, Calcutta University, College Square, Kolkata, West Bengal 700073 (Get Directions)
  • Nearby Hangouts: Nakhoda Masjid, Jorasanko Thakurbadi, James Prinsep Ghat, St.Paul’s Cathedral
  • Contact Number: 033 2241 3756

ICFAI Business School

ICFAI Business School (IBS) Kolkata is one of the IBS group’s institutions, located in the dynamic and intellectual “City of Joy.” The college offers a Management certificate program that is comparable to an MBA degree. The IBSAT exam is required for admission to the program. In the IBSAT exam, a minimum score of 66 is necessary for the Kolkata branch.

Best MBA Colleges in Kolkata_ICFAI Business School
ICFAI Business School
Image Source: College Dunia
  • Course Fee: 8.29L
  • Average Package: 5.8LPA
  • Address: Plot #Y1, Block EP, Sector-V, Salt Lake City, Kolkata – 700091, West Bengal (Get Directions)
  • Nearby Hangouts: Belur Math, Dynatmotion Hall, Podium Garden, Santosh Mitra Square
  • Contact Number: 033-40066998

Sister Nivedita University

The Sister Nivedita University Act, 2017 was passed in New Town, Kolkata, and founded Sister Nivedita University (SNU) (West Bengal XLIX of 2017). SNU is a one-of-a-kind institution created on the path of Sister Nivedita and blessed by Swami Vivekananda.

Best MBA Colleges in Kolkata_Sister Nivedita University
Sister Nivedita University
Image Source: SNUNI Kolkata

Engineering and Technology, Science, Medicine, Management, Law, Humanities, Language and Literature, Pharmacy, Architecture, Social Sciences, Performing Arts, Sports, Media, Design, and other disciplines are among the fields covered by the university’s educational programmes and research. In addition, certain innovative courses focusing on skill development, entrepreneurship, and women’s empowerment will be introduced.

  • Course Fee: 2.76L
  • Average Package: 4.0LPA
  • Address: DG Block(Newtown), Action Area I, 1/2, Newtown, New Town, West Bengal 700156 (Get Directions)
  • Nearby Hangouts: Sister Nivedita Statue/Park, Vidyasagar Setu, Nivedita Bridge, Dhrupadi Kalyanam, Devalaya
  • Contact Number: 1800 258 8155

Career Scope After MBA in Kolkata

MBA colleges in Kolkata, such as IIM, IIFT, CIEM and MDI have produced some of the country’s leading business minds. Kolkata provides an excellent opportunity to gain more industry experience and take your profession forward. Being one of India’s oldest industrial towns and the headquarters of many of the country’s major corporations, the demand for MBA talent is high. 

With the rise of varied sectors such as real estate, retail, health, financial services, banking, consulting, manufacturing, and ITES, it is reasonable to conclude that getting an MBA in Kolkata is a wise decision.

ITC Limited, India Government Mint, Haldia Petrochemicals, Exide Industries, Hindustan Motors, Britannia Industries, Bata India, Birla Corporation, CESC Limited, RPG Group, Bengal Ambuja, Philips India, Eveready Battery, Coal India Limited, Damodar Valley Corporation, PwC India, Peerless Group, United Bank of India, UCO Bank, and Allahabad Bancorporation are some of the notable companies with headquarters in Kolkata. Since the late 1990s, information technology has been a key expanding sector in Kolkata, with the IT sector developing at a rate of 70% per year – double the national average.

Cost of Living in Kolkata for Students

Kolkata is a major city in India, known for its culture, customs, and job prospects, and it welcomes ex-pats and students for employment and study. The average cost of living in Kolkata for students is around 5K per month.

Cost of Living (Monthly)PremiumNormalLower
Food4,0002,0001,500
Phone1,2001,000800
Transportation (Cab, Train, Bus)30008080
Accommodation6,0005,0004,000

MBA Colleges in Kolkata Accepting Entrance Exams

  • International Management Institute
  • Indian Institute of Management
  • Management Development Institute
  • Xavier’s Business School
  • Institute of Engineering and Management

MBA Colleges in Kolkata with Their Own Entrance Exams/ Direct Admission

  • Adamas University
  • Amity University
  • Army Institue of Management
  • Guru Nanak Institue of Technology
  • Heritage Business School

Top MBA Colleges in Kolkata According to Placement

College NameAverage Salary after Placement (per annum)
Indian Institute of Management22.60L
Indian Institute of Foreign Trade18.25L
Calcutta Institute of Engineering and Management, Sunstone Eduversity10L
Globsyn Business School7.95L
Praxis Business School7.27L

Wrapping-Up!

These are the top MBA colleges in Kolkata, with a shared emphasis on practical training and a placement-oriented strategy, and which offer a bright future for all MBA prospective candidates.

Sunstone Eduversity follows a similar philosophy, emphasizing placements through its partnerships with top universities across the country. The pay after placement policy ensures that knowledge is successfully transferred into results by requiring students to pay only once they have been placed, and the charge is dependent on the monthly gross compensation they get. This relieves them of an unnecessary burden of payment while also motivating them to pursue their goals with actual results.

What are the top MBA colleges in Kolkata with low Fee structures?

The top MBA colleges in Kolkata with low fee structures are as follows:
1. CIEM, Sunstone Eduversity (1.25L+ 10x monthly salary after placement)
2. Sister Nivedita University (2.76L)
3. Bengal Institute of Business Studies (5.78L)
4. Calcutta Business School (6.85L)
5. Praxis Business School (7.27L)

Which MBA college has the best placement in Kolkata?

1. Calcutta Institute of Engineering
Management (CIEM)
2. Indian Institute of Management (IIM)
3. Indian Institute of Foreign Trade (IIFT)
The above-listed colleges have the best MBA record with salaries after placement ranging from 10L-22L per annum.

Does Sunstone Eduversity offer MBA in Kolkata?

Yes, Sunstone Eduversity offers MBA in the Calcutta Institute of Engineering and Management with pay after placement model done through a nominal fee of 1.25L at the start of the course and 10x of monthly salary after placement.

What are the government-operated MBA colleges in Kolkata?

1. Indian Institute of Social Welfare and Business Management (IISWBM)
2. Indian Institute of Management (IIM)
3. Indian Institute of Foreign Trade (IIFT)
4. Department of Business Management, University of Calcutta

What is the average fee to pursue MBA in Kolkata?

The average fee to pursue MBA in Kolkata costs around Rs5 lakh and above annual fees.
Sunstone Eduversity comes in here with a pay after placement (PAP) model with an upfront fee of Rs1.25L plus 10x of their monthly salary after placement.

Is Calcutta University good for MBA?

Calcutta University has a solid placement record. Axis, Amul, Mahindra Finance, Vodafone, ICARA online, are some of the firms that recruit from their department. Around 34% of students are placed on campus, and 71% of Indian firms are put through campus placement.

By Bhavya Thakkar

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