IIMs, SPJIMR, XLRI, MDI, IIT DMS? MBAUniverse.com Ranking 2021 reveals Top MBA Colleges in India

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MBAUniverse.com News Desk |
January 1, 2021
With the break of New Year 2021, the 11th edition of MBAUniverse.com Ranking 2021 is out now! IIM Calcutta is ranked No 1 B-school in India. IIM Ahmedabad and IIM Bangalore are not far behind. SPJIMR and XLRI have made it to the coveted Top 5 Rankings. Only 85 B-schools have been ranked in this exclusive and data-driven ranking.
MBAUniverse.com Ranking 2021

Regarded as one of India’s most credible B-school Rankings, the 11th edition of MBAUniverse.com Ranking 2021 has been released on January 1, 2021. This prestigious ranking offers plenty of surprises and documents the changing landscape of management education and Top 100 B-schools in India. In a significant result from the survey, IIM Calcutta has secured the No 1 Rank, while IIM Ahmedabad and IIM Bangalore have earned number 2 and 3 positions respectively. The Ranking underscores the rapid rise of new IIMs into the top league table even as top private B-schools like SPJIMR, XLRI, MDI and NMIMS have steadfastly held on to their leadership, despite rising competition. 

Before we come to Top 10 and Top 20 and Top 50 Rankings, it’s important to note the survey methodology that will explain the rankings. Since 2010, MBAUniverse.com Ranking has championed the use of only ‘Objective Data’,without any ‘Perception Survey’ data toensure transparency and authenticity. Designed exclusively for MBA aspirants, this Ranking is based on 360-degree assessment that balances the three pillars of a B-school: Input (student quality & diversity), Processes (faculty, academics, research, international accreditation) and Outcomes (placements, startups).  More than 150 B-schools participated in the MBAUniverse.com Ranking 2021, while only 85 top B-schools have been ranked. 

Key Highlights of MBAUniverse.com Ranking 2021 are:

  • IIM Calcutta is the new No 1 B-school in India closely followed by IIM Ahmedabad at #2 Rank and IIM Bangalore #3 Rank.
  • Despite stiff competition from IIMs, elite private B-schools like SPJIMR, XLRI, MDI have held on to their leadership by successfully differentiating their management programs in a highly cluttered market.
  • SPJIMR Mumbai, ranked at No 4 position, has not only moved ahead of MDI Gurgaon but also of XLRI and IIM Lucknow.
  • New IIMs like IIM Udaipur, IIM Trichy and IIM Rohtak have shown significant all-round improvements. It is highly creditable that within a decade of their establishment, they are ranked amongst Top 20 B-schools in India.
  • Other top PGDM B-schools like IMT Ghaziabad, IMI New Delhi, TAPMI managed to hold on to their rankings.
  • Public institutions FMS Delhi, IIFT Delhi and IIT B-schools also continue to get high rankings on MBAUniverse.com ranking.
  • Private University B-schools like NMIMS, SCMHRD (New Entrant at #20), SIBM Bangalore (#32) have demonstrated that business education can thrive in a university set up in India but needs investments and sustained nurturing.
  • Many of Non-IIM B-schools in the coveted Top 30 list are PGDM B-schools. GIM, KJ Somaiya, IRMA, Welingkar, BIMTECH, LBSIM, LIBA and a few others continue to consolidate their positions.
  • New IIMs are fast breaking into the top league. As many as 4 IIMs - IIM Nagpur, IIM Amritsar, IIM Sambalpur and IIM Bodh Gaya - are part of the Top 40 B-schools in India, according to MBAUniverse.com 2021 Ranking

Top 10 B-schools in India by MBAUniverse.com Ranking 2021
Here is the list of the most coveted Top 10 B-schools in India! While there isn’t much that separates the top three IIMs, IIM Calcutta has managed to edge past the other two siblings. Couple of factors explain this. First, MBAUniverse.com ranking gives specific weightage to Top 3 International Accreditations – AACSB, EFMD EQUIS and AMBA. IIMC is a triple crown B-school with all three accreditations. Another factor is that their Placements 2020 (with average salary of Rs 28 LPA) was the best amongst the Top three IIMs.

The rise of SPJIMR Mumbai, ranked #4 in MBAUniverse.com Ranking, is also notable. With very strong showing in Placements (at par with Top 3 IIMs) and improvements in Academic scores (Research & Accreditation focus), SPJIMR Mumbai has not only moved ahead of MDI Gurgaon but also of XLRI and IIM Lucknow in the MBAUniverse.com Ranking 2021.

So, here are the Top 10 B-schools in India.

B-School
Rank 2021
Score (Total 1000)
1
962
2
958
3
952
4
915
5
892
6
846
7
837
8
812
9
773
10
749

Source: MBAUniverse.com Ranking 2021

Top 11-20 B-schools in India by MBAUniverse.com Ranking 2021
Joining the elite list of Top 20 B-schools in India are a mix of PGDM B-schools and Young IIMs. IIFT continues to attract the best and the brightest students, ensure decent academics and high placements. Is IIFT expanding too fast with multiple campuses in India which can lead to dilution, only time will tell. 

Top PGDM B-schools like IMT Ghaziabad, IMI New Delhi, TAPMI managed to hold on to their rankings. They are of course facing tough challenge from Young IIMs. Four IIMs are part of the elite list of Top 11-20 B-schools in India. IIM Shillong is expected to face stiff competition from younger and more agile IIMs - IIM Udaipur, IIM Trichy and IIM Rohtak.

A new entrant on this elite list of MBAUniverse.com Top 20 B-schools list is Symbiosis University’s SCMHRD. While it is very difficult to break into to Top 20 list of MBAUniverse.com Rankings, this B-schools has managed to do this with a combination of strong focus on all three key aspects – quality of students, improvement in academic process (SCMHRD earned AACSB accreditation in Feb 2020), and strong placements.

B-School
Rank 2021
Score (Total 1000)
11
733
12
717
13
661
14
653
15
648
16
634
17
623
18
605
19
598
20
581

Source: MBAUniverse.com Ranking 2021

Top 21-30 B-schools in India by MBAUniverse.com Rankings 2020
The next set of the B-schools, ranked No 21-30, are institutions with strong pedigree and consistent improvements. PGDM B-schools - GIM, KJ Somaiya, IRMA, Welingkar, BIMTECH, LBSIM, LIBA dominate this cluster. They continue to work on all aspects of management education value delivery to sustain their position in the top league table. They are however going to face stiff challenge from new IIMs like IIM Nagpur, IIM Vizag and many others who are knocking hard on their doors!

IIT Departments of Management Studies are becoming a mainstream choice with low fees, high placements and prestigious brand association. However, they need to do a lot more on student diversity and academics to get into Top 10-15 league.

B-School
Rank 2021
Score (Total 1000)
21
568
22
543
23
525
24
515
25
510
26
503
27
496
28
488
29
482
30
474

Source: MBAUniverse.com Ranking 2021

Top 31-40 B-schools in India by MBAUniverse.com Ranking 2021
New IIMs are fast breaking into the top league… As many as 4 IIMs (IIM Nagpur, IIM Amritsar, IIM Sambalpur and IIM Bodh Gaya) are part of the Top 40 B-schools in India, according to MBAUniverse.com Ranking. While many of them score low on ‘Infrastructure’, which is part of ‘Process’ cluster, as they move into their permanent campuses in coming years, they will be forced to reckon with.

SIBM Bangalore, KIIT SOM and IFMR GSB represent quality private university B-schools. XIME Bangalore and BIM Trichy are institutions that have stood the test of time. SDMIMD Mysore has managed to break into top 40 league by taking many strategic initiatives that has improved its academic processes.

B-School 
Rank 2021
Score (Total 1000)
31
464
32
459
33
450
34
448
35
440
36
417
37
412
38
405
39
401
40
398

Source: MBAUniverse.com Ranking 2021

MBAUniverse.com Ranking 2021 has a lot more listings and insights! View complete ranking of Top 85 B-schools on this link.

COVID 19 & Digitization of Teaching-Learning
It will be fair to say, COVID 19 has impacted all aspects of business and management, and MBA education is not left untouched. With a focus on understanding the efficacy of ‘Teaching-Learning with Technology’ initiatives, a new section has been added to understand how B-schools are adapting to this new pedagogical landscape, what investments they are making and results thereof. Within the ‘process’ cluster, a small but significant weightage has been allocated to this variable, at the cost of physical infrastructure.

To measure the impact, Survey looked at following variables:

  • Investments in Online Class Delivery Platforms per student
  • Investments in Online Learning Resources per student
  • Investments in Faculty Development and Training aimed to equip Faculty to Teach Online

The findings are illuminating.

Online Class Delivery Platforms
B-schools are using multiple online platforms to deliver classes. While Zoom is most popular, Microsoft and Cisco platforms are not too far behind.Here is a breakup of Online Class Delivery Platform usages by Top Indian B-schools as per MBAUniverse.com Rankings 2021.

Platform
% of B-schools using in 2020*
Popularity Rank
Zoom
68 %
1
Microsoft Campus/Team
52%
2
Cisco Webex
48%
3
Google Classroom/Meet
17%
4
Others
12%
5

* Since B-schools use multiple platforms, the percentages don’t add up to 100.

Before we close, here is a look at MBAUniverse.com Ranking Methodology 2021.

MBAUniverse.com Rankings 2021 Methodology: How the rankings & scores were calculated…
Since 2010, MBAUniverse.com conducts its annual MBAUniverse.com B-school Ranking which is recognized as one of India’s most credible MBA Ranking and used by 150,000+ MBA aspirants for their MBA Admission decision.

MBAUniverse.com Ranking USPs are:

  • One of India’s most credible & ‘toughest’ Ranking: All top B-schools including IIMs, IIT- DOMs, PGDM B-schools and Private Universities are ranked in this highly competitive Ranking. Since all major B-schools are ranked, a genuine comparison of all B-schools is possible. 
  • Quantitative Analysis, no role for ‘Perceptions’: Ever since the start, this Ranking is based purely on Quantitative Data without any weightage for ‘Perceptions’, making it a truly objective Ranking. Many other rankings have followed MBAUniverse.com ranking in this regard.
  • Holistic Assessment Framework: Since its inception, this Ranking uses a holistic assessments framework that measures the triad of ‘Input’, ‘Process’, and ‘Outcome’ of a management school. Methodology is benchmarked to top Rankings like NIRF in India, and Financial Times internationally.
  • Widest reach: This ranking reaches to 10,000+ Educators, Corporate Leaders & Influencers who use this for evaluations and benchmarking. Ranking reaches 150,000+ MBA aspirants and helps them apply to best-fit B-schools.
  • 2021 Focus on ‘Teaching-Learning with Technology’: This year, a new section on assessment of efforts related to ‘Teaching-Learning with Technology’ has been added to understand how B-schools are adapting to COVID 19 challenges to continue effective program delivery.

Ranking Methodology: Clusters & Weightage
Based on Factor Analysis, following weightages have been assigned to each of the three clusters.

Clusters/Factors
Key Criteria/Variables
Weightage (%)
Input
Student Quality & Diversity
28
Process
Faculty, Academics, Research, International Accreditation, COVID 19 ‘Teaching-Learning with Technology’ Initiatives
39
Outcome
Placements & Start-Ups
33

View complete ranking of Top 85 B-schools on this link.

Stay tuned to MBAUniverse.com for more updates on MBAUniverse.com Ranking