MBA Rankings in India 2026 by Government of India (NIRF), Media publications (Business Today) and MBA Portals (MBAUniverse.com) 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 2026 for all top MBA colleges by NIRF 2025, MBAUniverse.com 2026, 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 | Uses ‘Peer Perception’ Scores. Higher weightage to Research | Teaching, Learning & Resources, Research & Professional Practice |
MBAUniverse.com Rankings 2026 (Published on January 23, 2026) | Data/Fact Based. Balanced Input-Process-Output Parameters | Faculty, Academics, Placements |
Business Today India’s Best B-schools 2025 | 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 2025-26
B-School | MBAUniverse.com Rank 2026 | NIRF 2025 | BT 2025 |
|---|---|---|---|
Indian Institute of Management (IIM) Ahmedabad | 1 | 1 | 1 |
Indian Institute of Management (IIM) Bangalore | 2 | 2 | NA |
Indian Institute of Management (IIM) Calcutta | 3 | 7 | 2 |
S P Jain Institute of Management and Research (SPJIMR) Mumbai | 4 | 20 | 4 |
Indian Institute of Management (IIM) Lucknow | 5 | 5 | 3 |
Indian Institute of Management (IIM) Kozhikode | 6 | 3 | NA |
Indian Institute of Management (IIM) Mumbai | 7 | 6 | NA |
Faculty of Management Studies Delhi | 8 |
| NA |
Indian Institute of Management (IIM) Indore | 9 | 8 | 5 |
Indian Institute of Foreign Trade (IIFT) New Delhi | 10 | 17 | 8 |
Management Development Institute (MDI) Gurgaon | 11 | 9 | 7 |
SVKM`s Narsee Monjee Institute of Management Studies Mumbai | 12 | 24 | 30 |
Indian Institute of Management Shillong | 13 | 38 | 10 |
Indian Institute of Technology (IIT) Delhi | 14 | 4 | NA |
Indian Institute of Technology (IIT) Bombay | 15 | 14 | NA |
Indian Institute of Management (IIM) Ranchi | 16 | 18 | NA |
International Management Institute New Delhi | 17 | 40 | 15 |
Institute of Management Technology Ghaziabad | 18 | 30 | 13 |
XIM University Bhubaneswar | 19 | 45 | 20 |
Indian Institute of Management Tiruchirappalli | 20 | 16 | 17 |
TAPMI Manipal | 21 | 39 | 21 |
Indian Institute of Management (IIM) Raipur | 22 | 15 | 18 |
Goa Institute of Management Goa | 23 | 43 | 24 |
Indian Institute of Management Udaipur | 24 | 21 | 14 |
Indian Institute of Management Kashipur | 25 | 23 | 27 |
Indian Institute of Management Nagpur | 26 | 25 | 23 |
FORE School of Management New Delhi | 27 | 59 | NA |
DMS, Indian Institute of Technology Kanpur | 28 | 27 | NA |
Indian Institute of Management Visakhapatnam | 29 | 29 | NA |
K J Somaiya Institute of Management Mumbai | 30 | 65 | 28 |
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.
Table: Top MBA Colleges in India by NIRF Rankings 2025
| 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 |
| 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 |
The defining headline of the MBAUniverse.com MBA Ranking 2026 is a seismic shift at the top of the ranking. For four consecutive years (2022–2025), IIM Bangalore maintained an iron grip on the No. 1 position in the MBAUniverse.com Rankings, cultivating an aura of invincibility. However, 2026 marks a turning point as IIM Ahmedabad successfully reclaims the throne—albeit by a razor-thin margin of just 4.5 points out of 1,000. Meanwhile, IIM Calcutta, despite the leadership turmoil in recent years, retains its No. 3 rank, leveraging a formidable legacy that continues to attract top-tier participants and deliver elite placement outcomes.
While the “Big Three IIMs” continue to occupy the top three spots, SPJIMR Mumbai (Rank 4) has proven its mettle once again. SPJIMR continues to outperform legacy B-schools through its highly differentiated approach, which emphasizes strong industry relevance, unique pedagogical interventions, and profile-based admissions. Notably, IIM Lucknow (Rank 5) and IIM Mumbai (Rank 7) have both gained ground, reflecting a resurgence in their institutional momentum. Two second-generation IIMs—IIM Kozhikode at Rank 6 and IIM Indore at Rank 9—further solidify the IIM dominance within this elite Top 10 segment.
A closer look at FMS Delhi’s (Rank 8) scores across the Input-Process-Outcome matrix reveals both its defining strengths and critical areas for improvement. IIFT New Delhi, witnessing a renewed dynamism following the launch of its international campus in Dubai and significant improvement in placement outcomes, maintains it’s standing to round out the Top 10.
Table: Top MBA Colleges in India by MBAUniverse.com Rankings 2026
B-School | Rank 2026 | Rank 2025 | Change (Up/Down) | Score 2026 (Total 1000) |
|---|---|---|---|---|
IIM Ahmedabad | 1 | 2 | 1 | 898.5 |
IIM Bangalore | 2 | 1 | -1 | 894.0 |
IIM Calcutta | 3 | 3 | 0 | 885.1 |
SPJIMR Mumbai | 4 | 4 | 0 | 876.2 |
IIM Lucknow | 5 | 6 | 1 | 863.1 |
IIM Kozhikode | 6 | 5 | -1 | 776.8 |
IIM Mumbai | 7 | 8 | 1 | 769.0 |
FMS Delhi | 8 | 7 | -1 | 765.2 |
IIM Indore | 9 | 9 | 0 | 753.7 |
IIFT New Delhi | 10 | 10 | 0 | 744.6 |
The 2026 data confirms that the 11–20 segment comprises highly competitive B-schools, each eager to break into the elite Top 10. MDI Gurgaon (Rank 11, total score: 739.5) sits just five points behind IIFT Delhi (Rank 10, total score: 744.6), underscoring the extreme intensity of this tier. A key insight from this ranking band is the significantly tighter spread of total scores compared to the Top 10. While the score range for the Top 10 spanned 153.9 points, it narrows to just 81.38 points for this segment, implying that the schools ranked 11–20 are much more closely matched in their overall competitiveness.
A major highlight of this year’s rankings is the significant four-rank jump recorded by IIM Ranchi. Ranked at 18 (total score: 671.5), IIM Ranchi has delivered the strongest year-on-year growth among India’s top B-schools. NMIMS Mumbai (Rank 12, Total Score 735.8) and IIM Tiruchirappalli (Rank 20, Total Score 658.1) have both successfully climbed the ladder. The dip in IIM Shillong’s position serves as a stark reminder: in the highly competitive 11–20 ranking band, standing still is equivalent to falling behind.
Another major highlight of the MBAUniverse.com Rankings 2026 is the exit of IIM Udaipur from the prestigious Top 11–20 bracket, having previously held the #16 spot in 2025. Capitalizing on this shift, IMI New Delhi (Rank 16, Total Score 678.3) and IMT Ghaziabad (Rank 17, Total Score -674.9) have each climbed one position. Notice the intense competition in this ranking table—a mere 3.4 points out of 1,000 separate IMI Delhi from IMT Ghaziabad, which has gained some points! While XIM Bhubaneswar successfully maintained its rank 19, IIM Trichy has climbed one position to secure its place within the prestigious Top 20 table.
Table: Top MBA Colleges in India by MBAUniverse.com Rankings 2026
| B-School | Rank 2026 | Rank 2025 | Change (Up/Down) | Total Score (1000) |
|---|---|---|---|---|
| MDI Gurgaon | 11 | 11 | 0 | 739.5 |
| NMIMS Mumbai | 12 | 13 | 1 | 735.8 |
| IIM Shillong | 13 | 12 | -1 | 728.4 |
| DMS IIT Delhi | 14 | 14 | 0 | 721.2 |
| IIT Bombay | 15 | 15 | 0 | 713.9 |
| IMI Delhi | 16 | 17 | 1 | 678.3 |
| IMT Ghaziabad | 17 | 18 | 1 | 674.9 |
| IIM Ranchi | 18 | 22 | 4 | 671.5 |
| XIM Bhubaneswar | 19 | 19 | 0 | 664.8 |
| IIM Tiruchirappalli | 20 | 21 | 1 | 658.1 |
Read complete details of MBAUniverse.com B-school Rankings 2026
Business Today Rankings are also regarded as one of the top MBA Rankings in India. The 13th edition of Business Today’s ‘India’s Best B-schools Survey 2025’ was released on December 7, 2025. In the BT Rankings 2026, IIMC has claimed the No. 1 position followed by IIM Calcutta at No. 2. Check list of top 10 B-schools in BT MBA Rankings with comparison from last year of rankings:
B-school | Rank 2025 | Rank 2024 | Rank 2023 | Rank 2022 |
|---|---|---|---|---|
Indian Institute of Management, (IIM) Calcutta | 2 | 1 | 1 | 1 |
Indian Institute of Management, (IIM) Ahmedabad | 1 | Absent | 2 | 2 |
Indian Institute of Management, (IIM) Bangalore | Absent | Absent | 3 | 3 |
Indian Institute of Management, (IIM) Lucknow | 3 | 2 | 4 | 4 |
S. P. Jain Institute of Management and Research, Mumbai | 4 | 3 | 5 | 5 |
Indian Institute of Management (IIM) Kozhikode | Absent | 4 | Absent | Absent |
Indian Institute of Management (IIM) Indore | 5 | 5 | 6 | 7 |
Management Development Institute (MDI) Gurgaon | 7 | 6 | 7 | 8 |
Faculty of Management Studies (FMS), University of Delhi | Absent | Absent | 8 | 9 |
Indian Institute of Foreign Trade (IIFT), New Delhi | 8 | 7 | 9 | 10 |
SVKM’s NMIMS School of Business Management, Mumbai | 9 | 8 | 10 | 11 |
Indian Institute of Management (IIM), Shillong | 10 | 9 | 12 | 13 |
IMI Delhi | 15 | 10 | 11 | 12 |
Source: Business Today
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 2025
Global Rank | India Rank | B-School |
|---|---|---|
35 | 1 | SP Jain Institute of Management & Research (SPJIMR) |
34 | 2 | Indian Institute of Management Ahmedabad |
41 | 3 | Indian Institute of Management Calcutta |
57 | 4 | Indian Institute of Management Lucknow |
28 | 5 | Indian Institute of Management Bangalore |
98 | 6 | Indian Institute of Management Udaipur |
58 | 7 | XLRI — Xavier School of Management |
85 | 8 | Indian Institute of Management Indore |
72 | 9 | Management Development Institute Gurgaon |
69 | 10 | Indian Institute of Management Kozhikode |
99 | 11 | IMI Delhi |
Source: FT MiM Ranking 2025
AI and related technologies have gained rapid adoption by businesses and professionals. AI is also fundamentally reshaping the B-school value chain by necessitating a shift from legacy approach to new models. With this context, MBAUniverse.com has introduced India’s first AI-readiness ranking in B-schools. This ranking is based on following parameters:
Based on this framework, India’s Best AI-Ready B-schools Rankings 2026 are presented in table below.
Table: India’s Top 10 AI-Ready B-schools | MBAUniverse.com Ranking 2026
Top B-schools | AI Rank |
|---|---|
NMIMS Mumbai | 1 |
IIM Indore | 2 |
SPJIMR Mumbai | 3 |
IIM Sambalpur | 4 |
GIM Goa | 5 |
IIM Kashipur | 6 |
Jaipuria Noida | 7 |
SIBM Bengaluru | 8 |
Great Lakes, Gurgaon | 9 |
IILM University Greater Noida | 10 |
FIIB New Delhi | 10 |
India’s MBA rankings ecosystem is crowded and methodologically fragmented. NIRF, Business Today, and MBAUniverse.com, the three prominent rankings that reflect fundamentally different philosophies about “what” to measure, “how” to measure and for “whom” to measure. Check their methodologies below. When benchmarked against the widely regarded Financial Times (FT) MIM rankings, MBAUniverse.com Rankings 2026 emerge as the closest Indian counterpart that is objective, data-driven, and anchored in career outcomes.
Since 2010, MBAUniverse.com conducts its annual MBAUniverse.com B-school Ranking which is recognized as one of India’s most credible MBA Ranking. MBAUniverse.com 2026 is also India’s first ranking to formally weight “AI-Readiness” within B-school curriculum and pedagogy.
Table: MBAUniverse.com Rankings 2026 Methodology – Weightages
Parameter Category | Weightage | Included Metrics |
|---|---|---|
Input Score | 20% | Batch Profile (Cut Off, Work Experience, Selection Parameter and Process, Industry Involvement to assess required managerial competencies) |
Process Score | 30% | Faculty/Student Ratio, Faculty Expertise and Research Output, Professor of Practice Profile, Curriculum Alignment with Industry and Technology Trends |
Output Score | 50% | Quantitative Placement Outcomes (Salary Trends for last three years, Percentage of Student’s placed), Job-Profiles/Roles Offered, Top Recruiters |
Table: FT Masters in Management Rankings 2025 Methodology – Weightages
Parameter Category | Weightage | Included Metrics |
|---|---|---|
Financial Outcomes & ROI | 30% | Weighted Salary (15%), Salary Increase (9%), Value for Money (6%) |
Career Progression & Support | 25% | Career Progress (6%), Aims Achieved (6%), Employed @ 3 Months (5%), Careers Service (5%), Alumni Network (3%) |
Internationalization | 23% | Work Mobility (6%), Course Experience (6%), Int. Faculty (5%), Int. Students (5%), Int. Board (1%) |
Diversity & Governance | 12% | Female Faculty (5%), Female Students (5%), Women on Board (1%), International Board (included above) |
Academic Quality & ESG | 11% | Faculty with Doctorates (4%), Carbon Footprint (4%), ESG/Net Zero Teaching (3%) |
Table: Business Today Best B-schools 2025 Ranking Methodology – Weightages
No. | Parameters (Two-Year MBA) | Weightage |
|---|---|---|
1 | Learning Experience | 250 |
2 | Living Experience | 150 |
3 | Placement Performance | 250 |
4 | Selection Process, Governance and Establishment | 150 |
5 | Future Orientation | 200 |
| Total | 1,000 |
Table: NIRF 2025 Ranking Methodology – Weightages
Sr. No. | Parameter | Marks | Weightage |
|---|---|---|---|
1 | Teaching, Learning & Resources | 100 | 0.30 |
2 | Research and Professional Practice | 100 | 0.30 |
3 | Graduation Outcomes | 100 | 0.20 |
4 | Outreach and Inclusivity | 100 | 0.10 |
5 | Perception | 100 | 0.10 |
In summary, MBA Rankings in India 2026 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 and 2026 for all top MBA colleges by NIRF 2025, MBAUniverse.com 2026, Business Today, Financial Times Rankings. Also know latest updates on MBA Admissions 2026 and MBA Entrance Exam 2026.
