The top 10 older MBA colleges in India are XLRI Jamshedpur, FMS Delhi, and IIM Calcutta to name a few. These institutions have been running in the management field for years. For instance, FMS Delhi has 70+ years of legacy and 12000+ alumni. Other oldest colleges in India offering management courses include NITIE now renamed to IIM Mumbai and TISS Mumbai. TISS is one of the oldest colleges which began offering the M.A. in Human Resource Management & Labour Relations programme back in the 1930s. This programme being the equivalent of MBA HR makes TISS one of the oldest MBA offering colleges in India.
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Why Learn About the 10 Oldest MBA Colleges in India?
It is important to know which B-schools have real legacy, strong alumni networks and a long-term credibility? The answer to this question helps CMAT, CAT and XAT aspirants make the right decisions in their careers. Institutions having years of legacy like IIM Mumbai display trust and a positive ROI for both students as well as parents. These are stable institutions having a good reputation in management training. Placements across the top 10 oldest MBA colleges in India have remained consistent over the years leading to strong industry ties.
These are trusted MBA colleges which provide the advantage of a vast alumni network. Students who choose or get a chance to study at the best MBA colleges in India may seek help from a good alumni base. Alumni can offer referrals for jobs, internships and may assist with networking in big cities or career switch/guidance. A strong alumni network MBA college is considered the best for placements and offers a high ROI. For CAT aspirants in search of old IIMs or legacy schools, the CAT colleges list of oldest ones is helpful.
10 Oldest MBA Colleges in India With Establishment Year
The table below highlights the oldest management colleges in India based on their establishment year. TISS Mumbai being a primarily social sciences college tops the list as the oldest school offering no the typical PGDM course but an MBA-HR equivalent. Next in the list are XLRI Jamshedpur and IISWBM Kolkata established in 1949 and 1953 respectively.
| 10 Oldest Management Schools in India Sorted By Year of Establishment | |
| Name of the School | Establishment Year |
| TISS Mumbai | 1936 |
| XLRI Jamshedpur | 1949 |
| IISWBM Kolkata | 1953 |
| FMS Delhi | 1954 |
| IIM Calcutta | 1961 |
| IIM Ahmedabad | 1961 |
| IIFT | 1963 |
| NITIE (IIM) Mumbai | 1963 |
| JBIMS Mumbai | 1965 |
| IMM Delhi | 1969 |
TISS Mumbai Building Legacy Since 1936
Tata Institute of Social Sciences or TISS was founded in 1936 in Mumbai. Today, it is one of the oldest colleges in India providing courses in social sciences and public policy. In 1964, TISS attained the status of a ‘Deemed-to-be University.’ For generations, TISS has been offering MBA equivalent courses in Mumbai placing the institution on the top of the list of 10 oldest MBA colleges in India.
- The flagship course of TISS is M.A. in Human Resource Management & Labour Relations which is considered an MBA HR equivalent.
- One of the first institutions in India to offer management education.
- TISS operates as a social sciences university but delivers MBA equivalent courses.
- The TISS information year for the academic year 2025-26 displays that at present 6,996 students are enrolled in the institution.
- It has 2500+ industry partners showcasing its strong placement connections and base.
XLRI Jamshedpur is India’s Oldest Management School
XLRI comes right after TISS on the list and is the oldest management school in India. It offers residential PGDM courses, online programmes and fellow courses. Early roots of HRM programmes were established around the Industrial Relations or Welfare courses in 1953. Later, BM courses were added in 1965 to 1968 covering evening and full-time class modes. Here are key insights on XLRI Jamshedpur distinguishing it for its milestones.
| Placement and XLRI 76 Years Legacy Highlights | |
| XLRI Highlights | Details |
| Students Participated in Final Placements (2023–25) | 591 for PGDM BM & HRM |
| First Batch Graduated | 1958 |
| XLRI Heritage Campus Inaugurated | 1962 |
| XLRI Jamshedpur Campus Inaugurated | 2015 |
| XLRI Delhi Campus Started | 2020 |
| BGA Accreditation Received | 2025-2030 |
| Highest CTC 2025 | ₹1.10 CPA |
IISWBM Kolkata is India’s First Management Institute
IISWBM Kolkata is one of the first management institutes in India and topping the list for the best oldest management colleges in India.
| IISWBM Kolkata Important Details | |
| Particulars | Details |
| Highest Package 2025 | ₹16 LPA |
FMS Delhi Has 70+ Years of Legacy
FMS Delhi was established in 1954 and currently boasts a 12000+ alumni base as per its official website. The total number of sanctioned seats for FMS Delhi for the full-time MBA programme is 251. This institution has a rich legacy of 70+ years and provides excellent placement opportunities to its graduating students. Check placement details of FMS Delhi for 2023 below (latest available report).
| Placement Details of FMS Delhi (2023 Batch) | |
| Average CTC | Figures |
| Top 10% | ₹68.16 LPA |
| Top 25% | ₹51.67 LPA |
| Top 50% | ₹43.03 LPA |
IIM Calcutta is India’s First National IIM
IIM Calcutta has strong roots in the early educational system of India. It is one of the first national universities in India. Its connection to globally recognized partners like MIT Sloan or the Ford Foundation shed light upon its heritage. Check details on the latest placement statistics at IIM Calcutta to assess its worthiness today.
| IIM Calcutta Placement Statistics | |
| Particulars | Statistics |
| Programme Name | MBA |
| Average Salary | ₹34.23 LPA |
| Median Salary | ₹34 LPA |
| Highest Domestic Salary | ₹1.45 CPA |
| Highest International Salary | ₹91.45 LPA |
| 2025 Batch Size | 456 students |
| Total Offers Made in 2025 | 538 offers |
| Total Firms Participated in Placements 2025 | 196 firms |
IIM Ahmedabad Has an Iconic Founding Collaboration
| IIM Ahmedabad MBA Placement Highlights 2025 | |
| Particulars | Details |
| Flagship Course | MBA-PGPX |
| Average Salary | ₹38.71 LPA |
| Median Salary | ₹35 LPA |
| Highest CTC | Approximately ₹1.10 CPA |
IIFT Legacy in India as a Foreign Trade B-School
IIFT caters to a specific type of student audience interested in foreign trade and international business studies. Its highest CTC recorded for the 2025 batch is ₹1.23 CPA for MBA (IB) international placements and ₹72 LPA achieved in the highest domestic CTC. Check the final placement trends over the last 3 years of IIFT to estimate its brand value, legacy and strong placements scope.
| IIFT Placement Trends Past 3 Years Data Summary | |||
| Salary Packages | 2021-23 | 2022-24 | 2023-25 |
| Average CTC | ₹29.10 LPA | ₹27.30 LPA | ₹31.30 LPA |
| Highest CTC | ₹85.40 LPA | ₹85.40 LPA | ₹1.23 CPA |
| Top 25% CTC | ₹46.50 LPA | ₹40.60 LPA | ₹49.60 LPA |
NITIE Has Now Become IIM Mumbai
IIM Mumbai also previously known as NITIE has a history dating back to 1963. This college has now attained the brand name of an IIM. Its highest salary package offered in 2024 was ₹54 LPA which is the most accurate data as per its official reports. NITIE is an important college on the oldest MBA colleges in India list as it has become an IIM now.
JBIMS Mumbai is the Pioneer of MMS Course in India
JBIMS Mumbai was founded in 1965. As per the university website, the first MMS (Masters in Management Studies) course started at JBIMS Mumbai. This college stands out in the list of top 10 oldest management colleges in India. Know what career outcome will emerge if you choose JBIMS Mumbai for MMS in 2025.
| Placement Highlights at JBIMS Mumbai 2023-2025 | |
| Particulars | Details |
| Highest CTC | ₹55.60 LPA |
| Median CTC | ₹26.15 LPA |
| Mean CTC | ₹26.48 LPA |
| Top 10% | ₹39.73 LPA |
| Top 30% | ₹34.07 LPA |
IMM Delhi Holds Marketing & Management Legacy Since 1969
The last on our list of top 10 oldest MBA colleges in India is IMM Delhi. It has been continuously running in the management field since 1969. Its final placement reports of 2023-2025 batch reveal the strong industry connections of the colleges and successful career outcomes for its graduates leaving with a decent package from the college.
| Final Placements at IMM Delhi 2023-2025 | |
| Particulars | Details |
| Domestic Package | ₹19.75 LPA |
| International Package | ₹24 LPA |
| Average Package | ₹9-9.5 LPA |
