An MBA from a reputed B school opens doors to lucrative career options in the field of consulting, finance, marketing, operations and many more. Tier 1 colleges remain top choices for MBA aspirants, however, there are several tier 2 MBA colleges in India with average package of more than Rs. 10 lakh. The tier 2 MBA colleges offer strong academic programmes, industry exposure, and competitive placement packages.
Tier 2 MBA colleges with an average package of more than Rs. 10 lakh include K. J. Somaiya Institute of Management Studies and Research, Mumbai, SIIB, Symbiosis Institute of Business Management, Bangalore, T. A. Pai Management Institute, Manipal and many more. In this blog, we have shared the list of the top tier 2 MBA colleges in India offering more than Rs. 10 LPA. Know about their average salary and highest CTC, placement performance and other features.Â
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What are Tier 2 MBA Colleges?
Tier 1 MBA colleges are generally those colleges that offer good infrastructure, academic programmes, and have good industry connections, however, these colleges do not have the same overall reputation as that of Tier 1 B schools such as the IIMs. These colleges generally accept scores from national level MBA programmes such as XAT, CAT, SNAP, NMAT, etc. The tier 2 colleges are not at par with the top IIMs such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, MDI Gurugram, etc, however, offer good placements. The categorization of tier 2 MBA colleges depends upon several factors such as ranking, alumni network, academic quality, industry reputation, placement performance, etc.
Factors to Consider While Selecting Tier 2 MBA Colleges in IndiaÂ
Candidates who cannot make it to the Tier 1 Colleges, look for the following factors in tier 2 business schools.
- Average salary
- Median salary
- Accreditation and Recognition
- Alumni Network and Corporate Connections
- Curriculum and Specialisations
- Placement percentage
- Course fees
- Entrance exam requirements
- Specialisation offered
- Alumni network
- Return on investment (ROI)
Selecting a tier 2 MBA college requires a balanced evaluation of all the factors. Although an average package of more than Rs. 10 lakh is an important factor, it should not be the only deciding factor. One needs to have exposure and knowledge to ace in the business world through an MBA. A college that offers strong learning opportunities, specialisation as per the choice, and consistent career outcomes can be a valuable choice for pursuing an MBA in India from a tier 2 college.
Top 10 Tier 2 MBA Colleges in India with Average Package of More than 10 LPAÂ
The following table depicts the top 10 tier 2 MBA colleges in India with an average package of more than 10 LPA. Check out the list of top 10 <BA colleges with courses offered and entrance exams accepted.
| Sl. No. | Institute Name | MBA Course Offered | Entrance Exam Expected Cut-offs |
|---|---|---|---|
| 1. | K. J. Somaiya Institute of Management Studies and Research, Mumbai | PGDM | CAT: 90 percentile, CMAT: 187 marks |
| 2. | Institute of Rural Management Anand, Anand | PGP in Rural Management | CAT: 80 percentile |
| 3. | Symbiosis Institute of International Business (SIIB) | MBA (International Business) | SNAP: 98 percentile |
| 4. | T. A. Pai Management Institute, Manipal (TAPMI) | PGDM | CAT: 80 percentileGMAT: 650 marksXAT: 80 percentile |
| 5. | Symbiosis Institute of Business Management, Bangalore | MBA | SNAP: 95 percentile |
| 6. | International Management Institute (IMI), Delhi | PGDM | CAT: 90 percentile |
| 7. | Great Lakes Institute of Management, Chennai | PGDM | CAT: 90 percentileCMAT: 90 percentileGMAT: 600 marksXAT: 90 percentile |
| 8. | Indian Institute of Management (IIM) Ranchi | PGDM | CAT: 90 percentile |
| 9. | Institute of Management, Nirma University | MBA | CAT: 80 percentile |
| 10. | Indian Institute of Management (IIM) Raipur | PGP | CAT: 90 percentile |
Tier 2 MBA Colleges in India: Average Package & Highest Package
| Sl. No. | Institute Name | Highest Package | Median Package |
| 1 | K. J. Somaiya Institute of Management Studies and Research, Mumbai | Rs. 29.30 LPA | Rs. 12 LPA |
| 2 | Institute of Rural Management Anand, Anand | Rs. 31.84 LPA (for 2023-25 batch) | Rs. 15.80 LPA (for 2023-25 batch) |
| 3 | Symbiosis Institute of International Business (SIIB) | Rs. 27.6 LPA (International Business)Rs. 23.48 LPA (Agri Business)Rs. 19.4 LPA (Energy & Environment) | Rs. 14.4 LPA (International Business) Rs. 12 LPA (Agri Business) Rs. 10 LPA (Energy & Environment) |
| 4 | T. A. Pai Management Institute, Manipal (TAPMI) | Rs. 32.77 LPA | Rs. 13.99 LPA |
| 5 | Symbiosis Institute of Business Management, Bangalore | Rs. 24 LPA | Rs. 13.75 LPA |
| 6 | International Management Institute (IMI), Delhi | Rs. 40.31 LPA(based on 2023-25 data) | Rs. 16.60 LPA (based on 2023-25 data) |
| 7 | Great Lakes Institute of Management, Chennai | Rs. 39.3 LPA (for 2025 batch) | Rs. 15 LPA(for 2025 batch) |
| 8 | Indian Institute of Management (IIM) Ranchi | Rs. 52.5 LPA | Rs. 18 LPA |
| 9 | Institute of Management, Nirma University | Rs. 70 LPA for MBA HRM (based on 2025 data) | Rs. 10.61 LPA (based on 2025 data) |
| 10 | Indian Institute of Management (IIM) Raipur | Rs. 33.12 LPA (based on 2025 data) | Rs. 18.40 LPA (based on 2025 data) |
How to Choose the Right Tier 2 MBA College?
While choosing the right tier 2 MBA college candidates should not only look at the highest and average package, but also the overall criteria that will lead them towards making them successful at taking leadership and business decisions. We have listed how to select the best tier 2 MBA college in India.
1. Placement Performance
Candidates should check the past 5 years placement data. They must check out the average, median, and highest salary package
2. Course Fees
Candidates should compare the total programme fee with the expected salary package. Colleges with lower fees and good placements tend to offer better ROI.
3. Specialisation
Candidates should choose the college that offers the specialization that one wants to pursue. The most sought after specialisations include finance, marketing, human resources, business analytics, or operations.
4. Location and Industry Exposure
The location of the B school influences ones internship opportunities and access to corporate recruiters.
5. Alumni Network and Corporate Connections
Alumni network plays a key role in choosing the right college. A strong alumni network helps students to connect with professionals working in leading companies, gain insights and receive guidance on internships and placements.
Competitive Exams for Admission to Tier 2 MBA Colleges
The admission to tier 2 MBA colleges of India is accepted by All India entrance test or test conducted by the institute itself. However, the admission and selection process vary as per the college. Candidates should check the official website of the concerned MBA college before applying. We have listed the competitive exams for admission to the top tier 2 MBA colleges in India.
| Entrance Exam | Full Form |
| CAT | Common Admission Test |
| XAT | Xavier Aptitude Test |
| CMAT | Common Management Admission Test |
| SNAP | Symbiosis National Aptitude Test |
| NMAT | NMIMS Management Aptitude Test |
| GMAT | Graduate Management Admission Test |
| MAT | Management Aptitude Test |
Note: The accepted entrance exams, eligibility criteria, and admission process may change from year to year. Students must visit the official admission websites of the respective colleges for the latest information.
Conclusion
There are many tier 2 MBA colleges in India that offer a median salary of more than Rs. 10 LPA. This makes them an alternative option for those who are unable to make into BLACKI or other tier 1 B schools in India. The tier 2 MBA colleges listed in this blog provide strong B school options with great curriculum and placement opportunities. Hence, candidates should consider several factors before finally securing admission in tier 2 MBA colleges in India. They should select colleges in such a way that their ROI is strong enough to justify the total cost of the MBA programme.Â
