Which one should I prefer: a low ranking IIM college or top private B-school and why?

It highly depends on your goals and your financial status. If you are getting top three IIMs then don't think twice. Just go for it. Even if the fees are high the returns are also really good. Only two three IIMs after IIM Ahmedabad, Bangalore and Calcutta are worth the fees they charge. IIM Indore and Kozhikode are also pretty good. The newer IIMs aren't comparable to the top ones. You can also consider ISB (Indian School of Business). It is also comparable to top three IIMs. If you aren't getting top three IIMs and ISB then go for good private universities. The top ones are - XLRI Xavier School of Management, Jamshedpur Management Development Institute, Gurgaon SP Jain Institute of Management and Research, Mumbai TA Pai Management Institute, Manipal Institute of Management Technology, Ghaziabad You can also consider top IITs ( which offer MBA). The priority should be top three IIMs, ISB, IITs then IIM Indore/Kozhikode or top private universities like XLRI or MDI. The decision between IIM Indore/Kozhikode and private universities should be taken considering factors like location, fees and the cutoffs as such. You can refer the list of top MBA colleges in India here <a href="https://www.shiksha.com/mba/ranking/top-mba-colleges-in-india/2-2-0-0-0" style='word-wrap:break-word;'>https://www.shiksha.com/mba/ranking/top-mba-colleges-in-india/2-2-0-0-0</a> All the best!

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