MBA Rankings in India 2025 by Government of India (NIRF), Media publications (Business Today, FT) and MBA Portals (MBAUniverse.com, QS) are useful for comparing MBA Colleges for taking MBA admissions decisions. International MBA rankings like Financial Times, Businessweek and QS Rankings also rank some MBA colleges in India. MBA Rankings are based on many parameters such as Placements Outcomes, Faculty and Teaching Resources, Student Profile and Infrastructure. In this article, check MBA Rankings in India 2025 for all top MBA colleges by NIRF 2025, MBAUniverse.com 2025, Business Today, Financial Times Rankings. Compare colleges on all these top MBA Ranking before making your final MBA admission decision.
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The top MBA Rankings in India or B-school Rankings in India are published by Education Ministry, Government of India, National Institutional Ranking Framework, MBAUniverse.com and Business Today. These MBA Rankings in India help you make an informed choice. These MBA College Rankings in India 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 in India - MBAUniverse.com, NIRF, and Business Today
Ranking Agency | Research Methodology (Data/ Perception/ Both) | Key Focus/Weightage |
|---|---|---|
| NIRF 2025 (Released on September 4) | Uses ‘Peer Perception’ Scores. Higher weightage to Research | Teaching, Learning & Resources, Research & Professional Practice |
MBAUniverse.com Rankings 2025 (Published on December 26, 2024) | Data/Fact Based. Balanced Input-Process-Output Parameters | Faculty, Academics, Placements |
Business Today India’s Best B-schools 2023 (Issue date October 13, 2024) | Uses ‘Peer Perception’ Scores. | Learning & Living Experience, Placement Performance, Selection Process, Governance and Future Orientation |
Based on three most credible MBA rankings in India, the Top MBA Colleges in India are listed below.
Table: Top MBA Colleges in India by Top MBA Rankings 2024-25
Institute Name | MBAUniverse.com Ranking 2025 | Business Today Ranking 2024 | NIRF Management |
|---|---|---|---|
Indian Institute of Management (IIM) Bangalore | 1 | NR | 2 |
Indian Institute of Management (IIM) Ahmedabad | 2 | NR | 1 |
Indian Institute of Management (IIM) Calcutta | 3 | 1 | 5 |
S P Jain Institute of Management and Research (SPJIMR) Mumbai | 4 | 3 | 20 |
Indian Institute of Management (IIM) Kozhikode | 5 | 4 | 3 |
Indian Institute of Management (IIM) Lucknow | 6 | 2 | 7 |
Faculty of Management Studies Delhi | 7 | NR | NR |
Indian Institute of Management (IIM) Mumbai | 8 | NR | 6 |
Indian Institute of Management (IIM) Indore | 9 | 5 | 8 |
Indian Institute of Foreign Trade (IIFT) New Delhi | 10 | 7 | 15 |
Management Development Institute (MDI) Gurgaon | 11 | 6 | 11 |
Indian Institute of Management Shillong | 12 | 9 | 24 |
SVKM`s Narsee Monjee Institute of Management Studies Mumbai | 13 | 8 | 21 |
Indian Institute of Technology (IIT) Delhi | 14 | 14 | 4 |
Indian Institute of Technology (IIT) Bombay | 15 | NR | 10 |
Indian Institute of Management Udaipur | 16 | 15 | 22 |
International Management Institute New Delhi | 17 | 10 | 40 |
Institute of Management Technology Ghaziabad | 18 | 11 | 35 |
XIM University Bhubaneswar | 19 | 19 | 43 |
TAPMI Manipal | 20 | 21 | 58 |
The National Institutional Ranking Framework (NIRF) 2025 has once again placed IIM Ahmedabad at the top of India’s management institute rankings. IIM Bangalore and IIM Kozhikode follow in second and third positions. IIM Calcutta has slipped to seventh, while MDI Gurgaon entered the top 10 list. NIRF Rankings 2025 was released by Union Education Minister Dharmendra Pradhan on September 4, 2025 in New Delhi. Read key highlights below.
Top Institutes in NIRF Management Ranking 2025
Top 20 management Institutes are:
B-school | NIRF Ranking 2025 | Gain/Loss over last year | NIRF Ranking 2024 | NIRF Ranking 2023 | NIRF Ranking 2022 |
|---|---|---|---|---|---|
Indian Institute of Management Ahmedabad | 1 | - | 1 | 1 | 1 |
Indian Institute of Management Bangalore | 2 | - | 2 | 2 | 2 |
Indian Institute of Management Kozhikode | 3 | - | 3 | 3 | 5 |
Indian Institute of Technology Delhi | 4 | - | 4 | 5 | 4 |
Indian Institute of Management Calcutta | 7 | -2 | 5 | 4 | 3 |
Indian Institute of Management Mumbai | 6 | - | 6 | 7 | 9 |
Indian Institute of Management Lucknow | 5 | +2 | 7 | 6 | 6 |
Indian Institute of Management Indore | 8 | - | 8 | 8 | 7 |
Management Development Institute (MDI) Gurgaon
| 9 | +2 | 11 | 13 | 13 |
XLRI Xavier School of Management Jamshedpur | 10 | -1 | 9 | 9 | 8 |
College Name, City, State | NIRF Rank 2025 | Ranking Gain/Loss from last year | NIRF Ranking 2024 | NIRF Ranking 2023 | NIRF Ranking 2022 |
|---|---|---|---|---|---|
Symbiosis Institute of Business Management, Pune, Maharashtra | 11 | +2 | 13 | 17 | 17 |
Indian Institute of Technology Kharagpur, Kharagpur, West Bengal | 12 | +7 | 19 | 14 | 12 |
Indian Institute of Technology Madras, Chennai, Tamil Nadu | 13 | +3 | 16 | 15 | 10 |
Indian Institute of Technology Bombay, Mumbai, Maharashtra | 14 | -4 | 10 | 10 | 11 |
Indian Institute of Management Raipur, Chhattisgarh | 15 | -1 | 14 | 11 | 14 |
Indian Institute of Management Tiruchirappalli, Tamil Nadu | 16 | +11 | 27 | 22 | 18 |
Indian Institute of Foreign Trade, New Delhi, Delhi | 17 | -2 | 15 | 27 | 24 |
Indian Institute of Management Ranchi, Jharkhand | 18 | -1 | 17 | 24 | 15 |
Indian Institute of Management Rohtak, Haryana | 19 | -7 | 12 | 12 | 16 |
S. P. Jain Institute of Management and Research, Mumbai, Maharashtra | 20 | - | 20 | 20 | 21 |
Let’s start with the big breaking news from MBAUniverse.com 2025 Rankings. IIM Bangalore has maintained its top spot as India's Best B-school in MBAUniverse.com Ranking 2025. IIM Bangalore achieved the #1 Rank for the first time in 2022, so this is the fourth year in a row! A resurgent IIM Ahmedabad has edged out sibling IIM Calcutta to claim the #2 rank in MBAUniverse.com Ranking 2025. Another breaking news from the survey is that SPJIMR Mumbai has jumped up to become the 4th best B-school in India, edging past IIM Kozhikode, #5 rank. This is how IIM Bangalore, IIM Ahmedabad, IIM Calcutta, SPJIMR Mumbai and IIM Kozhikode complete the new top 5 ranking order. There are plenty of other insights from the MBAUniverse.com Ranking 2025, highlighting the dynamism of India’s MBA Education sector and our Ranking.
Table: India’s Top 20 B-schools In India | MBAUniverse.com Ranking 2025
B-school | Rank 2025 | Rank 2024 | Change (Up/Down) | Score 2025 (Total 1000) |
|---|---|---|---|---|
1 | 1 | No Change | 981 | |
2 | 3 | 1 | 953 | |
3 | 2 | -1 | 907 | |
4 | 5 | 1 | 867 | |
5 | 4 | -1 | 846 | |
6 | 6 | No Change | 828 | |
7 | 7 | No Change | 812 | |
8 | 11 | 3 | 803 | |
9 | 8 | -1 | 789 | |
10 | 9 | -1 | 773 | |
11 | 10 | -1 | 764 | |
12 | 13 | 1 | 745 | |
13 | 12 | -1 | 718 | |
14 | 15 | 1 | 712 | |
15 | 16 | 1 | 697 | |
16 | 17 | 1 | 683 | |
17 | 18 | 1 | 654 | |
18 | 14 | -4 | 643 | |
19 | 20 | 1 | 638 | |
20 | 19 | -1 | 629 |
Source: MBAUniverse.com Ranking 2025
Read complete details of MBAUniverse.com B-school Rankings 2025.
Financial Times Rankings is gaining popularity as a credible MBA Rankings in India. Financial Times FT Masters in Management (FT MIM) Ranking is an international ranking of Masters in Management programs. St Gallen was ranked No 1 MIM program in the World. It also ranks many MBA programs from India. In the latest FT MIM Ranking, 14 Indian B-schools were ranked. SPJIMR Mumbai 2-year PGDM program was ranked as India’s #1 MBA program in India and #35 globally. IIM Ahmedabad and IIM Bangalore MBA programs were ranked #39 and #41 globally respectively. Check list below.
FT MiM Ranking 2024: Fourteen Indian B-schools Ranked
Global Rank | India Rank | B-school |
|---|---|---|
35 | 1 | |
39 | 2 | |
41 | 3 | |
55 | 4 | |
56 | 5 | |
65 | 6 | |
68 | 7 | |
76 | 8 | |
81 | 9 | |
83 | 10 | |
85 | 11 | |
86 | 12 | |
94 | 13 | |
97 | 14 |
Source: FT MiM Ranking 2024
Conclusion
As this article notes, MBA Rankings in India by Government of India (NIRF), Media publications (Business Today, Outlook), MBA Portals (MBAUniverse.com) and many others are used for comparing MBA Colleges while taking MBA admissions decisions. NIRF 2024 was released in August 2024. Business Today Ranking 2024 was released on Oct 13. MBAUniverse.com Rankings 2025 will be released in early December 2024. Financial Times MIM Rankings 2024 was released on September 8. 14 Indian B-schools were ranked. Other popular MBA Rankings India are published by Business Standard, Outlook, Business World and The Week. This page will be updated soon after the release of latest editions of these top MBA rankings in India.
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Business Today Rankings are also regarded as one of the top MBA Rankings in India. The 12th edition of Business Today’s ‘India’s Best B-schools Survey 2024’ has been released on October 13, 2024. More than 2,500 B-schools meeting the eligibility criteria were contacted through various channels in Business Today Rankings. Started in 2013, the Business Today rankings have witnessed a neck-and-neck battle for several years between IIM Ahmedabad (IIMA) and IIM Calcutta (IIMC) occupying the top two positions. However, In Business Today Rankings 2024, prominent management institutes IIM Ahmedabad, IIM Bangalore, XLRI Jamshedpur, SJ Mehta SoM IIT Bombay, FMS Delhi have not participated.
In the BT Rankings 2024, IIMC has again claimed the No.1 position this year followed by IIM Lucknow at No.2 and SPJIMR Mumbai at No.3. The BT-MDRA India’s Best B-schools Survey 2024 is prepared jointly by Business Today and Marketing & Development Research Associates (MDRA), a leading market research firm.
Business Today Rankings 2024: Top 10 B-Schools
A list of top 10 B-schools in BT MBA Rankings 2024 with comparison from last year of rankings is shared below:
B-school | Rank 2024 | Rank 2023 | Rank 2022 |
|---|---|---|---|
Indian Institute of Management, (IIM) Calcutta | 1 | 1 | 1 |
Indian Institute of Management, (IIM) Ahmedabad | Absent | 2 | 2 |
Indian Institute of Management, (IIM) Bangalore | Absent | 3 | 3 |
Indian Institute of Management, (IIM) Lucknow | 2 | 4 | 4 |
S. P. Jain Institute of Management and Research, Mumbai | 3 | 5 | 5 |
Indian Institute of Management (IIM) Kozhikode | 4 | Absent | Absent |
Indian Institute of Management (IIM) Indore | 5 | 6 | 7 |
Management Development Institute (MDI) Gurgaon | 6 | 7 | 8 |
Faculty of Management Studies (FMS), University of Delhi | Absent | 8 | 9 |
Indian Institute of Foreign Trade (IIFT), New Delhi | 7 | 9 | 10 |
SVKM’s NMIMS School of Business Management, Mumbai | 8 | 10 | 11 |
Indian Institute of Management (IIM), Shillong | 9 | 12 | 13 |
International Management Institute (IMI), New Delhi | 10 | 11 | 12 |
Source: Business Today
BT MBA Ranking 2024: 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 2024 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 | 1000 | |
Conclusion
As this article notes, MBA Rankings in India 2025 by Government of India (NIRF), Media publications (Business Today, Outlook), MBA Portals (MBAUniverse.com) and many others are used for comparing MBA Colleges while taking MBA admissions decisions. Other popular MBA Rankings in India are published by Business Standard, Outlook, Business World and The Week. In this article, MBA Rankings in India 2024 and MBA Rankings in India 2025 for all top MBA colleges. Use these MBA Rankings in India to take the correct MBA admission decision.
Also Read:
MBA Rankings in India 2025 are useful for comparing MBA Colleges for taking MBA admissions decisions. MBA Rankings are based on many parameters such as Placements Outcomes, Faculty and Teaching Resources, Student Profile and Infrastructure. In this article, check MBA Rankings in India 2025 for all top MBA colleges by NIRF 2025, MBAUniverse.com 2025, Business Today, Financial Times Rankings. Read above article for top MBA Rankings in India before making your final MBA admission decision.
