MBA Rankings in India 2023

MBA Rankings in India 2023: NIRF Ranking 2023 Released; IIM Kozhikode jumps to #3 ahead of IIM Calcutta

India’s most credible B-school Rankings, MBAUniverse.com Ranking 2023 and Govt of India MHRD NIRF Ranking 2023 have been released on January 3, and June 5, 2023 respectively. While this is the 13^th edition of MBAUniverse.com B-School Rankings which offers plenty of insights and surprises, the 8^th edition of NIRF 2023 Rankings 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.

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

Updated on 26.06.2023

MHRD-NIRF B School Ranking 2023

The 8^th 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 2^nd position. However, the 3^rd 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:

MBAUniverse.com B School Rankings 2023

The 13^th 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.

Source: MBAUniverse.com Ranking 2023 

View complete Ranking of 85+ B-schools on this link.  

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:

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.