MBA Rankings in India 2024

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Updated on
December 30, 2023

MBA Rankings in India 2024: MBAUniverse.com Ranking 2024 Released; IIM Bangalore Ranked #1; IIM Kozhikode jumps to #4

 

India’s most credible B-school Rankings, MBAUniverse.com Ranking 2024 has been released on December 30, 2023. The 14th edition of MBAUniverse.com B-School Rankings offers plenty of insights and surprises. While IIM Bangalore retains its # 1 Rank, IIM Kozhikode has jumped to #4 Rank from #5 last year. Earlier, the 8th edition of Govt of India MHRD NIRF Ranking 2023 were released on June 5, 2023. The NIRF Rankings 2023 have also surprised the management community with IIM Kozhikode getting elevated to Rank # 3 displacing IIM Calcutta.

 

MBA Rankings help you to decide which MBA college or MBA program you should apply when there are hundreds of options available to you.  Although there are dozens of B-school rankings which are published in India, only a few are credible and useful benchmarks. The reputed rankings are objective rather than subjective. If you are looking for latest MBA College Rankings, you are on right page. This special article reviews all major MBA rankings in India and presents their latest ranking results.

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Top MBA Rankings in India

The top MBA Rankings or B-school Rankings in India are published by HRD Ministry, Government of India, NIRF Ranking Framework, MBAUniverse.com and Business Today. These rankings help you make an informed choice. These MBA College Rankings attempt to arrive at the most accurate ranking order so as to give a true picture of management education in India.  This article will let you know the latest top four MBA Rankings - MBAUniverse.com, NIRF, and Business Today

Ranking Agency
Research Methodology (Facts or Perception or Both)
Key Focus/Weigthage
NIRF 2023
(Released on June 5, 2023 by Hon’ble HRD Minister Shri Dharmendra Pradhan
Both with Higher weightage to Teaching & Research
Teaching, Learning & Resources, Research & Professional Practice – Max Marks/500
MBAUniverse.com Rankings 2024
(Published December 30, 2023)
Fact Based on Input-Process-Output score
Faculty, Accreditation, Academic Infrastructure, Placements- Max Marks/1000
Business Today India’s Best B-schools 2023
(Issue date July 9, 2023)
Both – Higher weightage to Perception
Learning & Living Experience, Placement Performance, Selection Process, Governance and Future Orientation- Max marks/1000

Updated on 26.06.2023

MHRD-NIRF B School Ranking 2023

The 8th edition of Govt of India NIRF Ranking 2023 has been released on June 5, 2023 at 11 AM by Shri Dharmendra Pradhan, Hon’ble HRD Minister of India. This year more than 4000 institutes applied for the rankings. The NIRF Rankings 2023 have been released for 13 streams as against 11 streams last year.  In the recent NIRF Rankings, IIM Ahmedabad has retained its top position while IIM Bangalore is again at 2nd position. However, the 3rd rank of IIM Calcutta has been captured by IIM Kozhikode this year and IIMC has slided to Rank #4. Other key highlights of NIRF Rankings 2023 are that the second generation IIMs like IIM Udaipur, IIM Raipur, Ranchi, Rohtak, Kashipur have jumped many places upwards leaving behind number of top B-schools while only three PGDM B-Schools have made it to top 20 Ranking places. Many IITs have also slided down to lower ranking position.

 

The National Institutional Ranking Framework (NIRF) is approved and released by the Ministry of Human Resource Development, Government of India. The first NIRF Ranking was released in 2016 followed by yearly announcement of B-school Rankings in NIRF 2017, NIRF 2018, NIRF 2019, NIRF 2020, NIRF 2021, NIRF 2022 and now NIRF 2023. Till 2019 NIRF Rankings were released by Hon’ble President of India. There were 500 maximum marks awarded in NIRF Ranking 2023 on different parameters which included Teaching, Learning & Resources, Research & Professional Practice, Placements, Peer Perception among others.

Top Institutes in NIRF MBA College Ranking 2023

Top 20 management Institutes in MHRD NIRF MBA Ranking 2023 are:

B-school
Position in NIRF Ranking 2023
Indian Institute of Management Ahmedabad 
1
Indian Institute of Management Bangalore
2
Indian Institute of Management Kozhikode 
3
Indian Institute of Management Calcutta
4
Indian Institute of Technology, Delhi
5
Indian Institute of Management Lucknow
6
National Institute of Industrial Engineering, Mumbai
7
Indian Institute of Management Indore
8
Xavier Labour Relations Institute (XLRI)
9
Indian Institute of Technology, Bombay
10
Indian Institute of Management Raipur 
11
Indian Institute of Management Rohtak
12
Management Development Institute, Gurugram
13
Indian Institute of Technology, Kharagpur 
14
Indian Institute of Technology Madras
15
Indian Institute of Management Udaipur
16
Symbiosis Institute of Business Management
17
Indian Institute of Technology, Roorkee
18
Indian Institute of Management Kashipur
19
S.P. Jain Institute of Management & Research
20

MBAUniverse.com B School Rankings 2024

The 13th edition of MBAUniverse.com B-school Rankings 2023 was released on January 3, 2023. Regarded as one of India’s most credible B-school Rankings, this prestigious ranking puts IIM Bangalore as No 1 B-school in India. IIM Calcutta at #2 Rank and IIM Ahmedabad at #3 Rank are amongst Top 3 B-schools in India. SPJIMR Mumbai has moved up to #4 place, pushing down IIM Lucknow to #7 while IIM Kozhikode has retained its #5 position. Despite stiff competition from IIMs and IIT B-schools, top PGDM B-schools like IMT Ghaziabad, IMI New Delhi, TAPMI have earned their spot in coveted Top 25 Ranks. MDI and NMIMS Mumbai have held on to their leadership by successfully differentiating their programs. New IIMs particularly IIM Amritsar and IIM Nagpur have shown significant all-round improvements. It is highly creditable that within a decade of their establishment, they are ranked amongst Top B-schools in India. More details are below.

B-school
Rank 2024
Rank 2023
Change (Up/Down)
Score 2024 (Total 1000)
Application 2024 Status
1
1
0
970
Closed
2
2
0
957
Closed
3
3
0
921
Closed
4
5
1
905
Closed
5
4
-1
893
Closed
6
7
1
793
Closed
7
9
2
742
Closed
8
8
0
693
Closed
9
12
3
682
Closed
10
10
0
670
Closed
11
NR
 
668
12
14
2
667
Closed Now
13
15
2
638
14
16
2
590
Open | Apply Now
15
11
-4
583
16
13
-3
581
17
17
0
573
18
18
0
564
Open | Apply Now
19
22
3
545
Open | Apply Now
20
20
0
535
Open | Apply Now
21
19
-2
531
22
23
1
529
23
25
2
529
Open | Apply Now
24
26
2
251
25
NR
-
519
26
29
3
509
Open | Apply Now
27
27
0
455
28
28
0
451
29
24
-5
447
30
30
0
445
Open | Apply Now

Source: MBAUniverse.com Ranking 2024 

View complete Ranking of 80+ B-schools on this link.    

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Business Today India’s Best B-schools 2023  

The 11th edition of Business Today’s ‘India’s Best B-schools Survey 2023’ with issue date of  July 09, 2023 has been release on June 23, 2023. More than 2,500 B-schools meeting the eligibility criteria were contacted through various channels. Started in 2013, the BT ranking has witnessed a neck-and-neck battle for several years between IIM Ahmedabad (IIMA) and IIM Calcutta (IIMC) occupying the top two positions. However, like last year, IIMC has again claimed the No.1 position this year. IIM Bangalore finishes third, followed by IIM Lucknow at fourth place, with S.P. Jain Institute of Management and Research (SPJIMR), Mumbai, coming in at fifth place to complete the top five. The BT-MDRA India’s Best B-schools Survey 2023 is prepared jointly by Business Today and Marketing & Development Research Associates (MDRA), a leading market research firm. 

Business Today MBA Rankings 2023: Top 25 B-Schools

A list of top 25 B-schools in BT MBA Rankings 2023 with comparison from last year of  rankings is shared below:

B-school
Rank 2023
Rank 2022
Indian Institute of Management, (IIM) Calcutta
1
1
Indian Institute of Management, (IIM) Ahmedabad
2
2
Indian Institute of Management, (IIM) Bangalore
3
3
Indian Institute of Management, (IIM) Lucknow
4
4
S. P. Jain Institute of Management and Research, Mumbai
5
5
Indian Institute of Management (IIM) Indore
6
7
Management Development Institute (MDI) Gurgaon
7
8
Faculty of Management Studies (FMS), University of Delhi
8
9
Indian Institute of Foreign Trade (IIFT), New Delhi
9
10
SVKM’s NMIMS School of Business Management, Mumbai
10
11
International Management Institute, New Delhi
11
12
Indian Institute of Management (IIM) Shillong
12
13
Institute of Management Technology (IMT), Ghaziabad
13
14
Symbiosis Institute of Business Management, Pune
14
15
Symbiosis Centre for Management & Human Resource Development, Pune
15
16
Department of Management Studies, IIT Delhi, New Delhi
16
17
Great Lakes Institute of Management, Chennai
17
18
Indian Institute of Management (IIM) Udaipur
18
19
Indian Institute of Management (IIM) Tiruchirappalli
19
20
Xavier Institute of Management (XIMB), XIM University, Bhubaneswar
20
21
T. A. Pai Management Institute (TAPMI), Manipal
21
22
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
22
23
ICFAI Business School (IBS), Hyderabad
23
25
Indian Institute of Management (IIM) Nagpur
24
26
K J Somaiya Institute of Management, Mumbai
25
27

BT MBA Ranking 2023: Methodology & Parameters

Only the B-schools that offer full-time classroom management programmes (PGDM/MBA) and  established at least 5 years ago, with minimum 3 batches graduated till academic year ended 2023 have been included. The weightages, out of 1,000, awarded to 5 parameters are unchanged from last year.

Sl No.
Parameters
Weightage
1
Learning Experience
250
2
Living Experience
150
3
Placement Performance
250
4
Selection Process, Governance & Establishment
150
5
Future Orientation
200
Total
1,000


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