MBAUniverse.com B School Rankings 2023

Updated on
January 3, 2023

Which IIM is No 1? SPJIMR or XLRI? IIT Delhi or IIT Mumbai? MBAUniverse.com Ranking 2023 reveals India Top B-schools for MBA Aspirants

 

With the break of New Year 2023, the 13th edition of MBAUniverse.com Ranking 2023 is out now! This prestigious ranking highlights the changing landscape of management education and offers plenty of insights. So, get ready to find out Which IIM is No 1? How do top IIT B-schools fare and a lot more… Based only on ‘Objective data’, and no subjective assessments, MBAUniverse.com Ranking 2023 reveals India’s Top B-schools.

 

B-school Ranking

Regarded as one of India’s most credible B-school Rankings, the 13th edition of MBAUniverse.com Ranking 2023 is out now! These prestigious ranking documents, changing landscape of management education in India, offer plenty of insights and some surprises too.

 

IIM Bangalore continues to hold on to its leadership position as India’s #1 B-school as per MBAUniverse.com Ranking 2023. IIM Bangalore had secured the #1 Rank for the first-time last year in the 2022 survey.

 

A breaking news from the survey is that SPJIMR Mumbai has dethroned IIM Lucknow to claim the #4 Rank in MBAUniverse.com Rankings 2023. In a strong showing, IIM Kozhikode has retained its #5 rank on this league table. IIT Delhi’s Department of Management Studies is the fastest rising B-school, and almost broke into the top 10 ranking with a strong all-around performance.

 

But wait…! Before we come to Top 10 and Top 20 B-schools featured in the MBAUniverse.com Rankings 2023, it’s important to note the survey methodology that will explain the ranking results. Since 2010, MBAUniverse.com Ranking has championed the use of only ‘Objective Data’, without any ‘Perception Survey’ data. 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, and international accreditation) and Outcomes (career outcomes and entrepreneurship initiatives). Check our ranking methodology overview below. 

 

MBAUniverse.com Ranking 2023 - Key Highlights
For those in a hurry, here are the key highlights from this year’s rankings:

  • IIM Bangalore is Ranked #1 B-school in India. It continues to hold on to its leadership position from last year when it had secured the #1 Rank for the first-time in the 2022 survey. Check details below.
  • Triple accredited IIM Calcutta has moved up the rankings to claim #2 rank, while pushing the much-celebrated IIM Ahmedabad to #3 rank as per MBAUniverse.com Rankings 2023.
  • A breaking news from the survey is that SPJIMR Mumbai has unseated IIM Lucknow to claim #4 position. For starters, its career outcomes data go ahead of XLRI, and all IIMs except ABC. Check details below.
  • Despite stiff competition from IIMs, top private B-schools XLRI and MDI have held on to their leadership by successfully differentiating their programs.
  • IIT Delhi’s Department of Management Studies, one of the fastest rising B-schools on our league table, almost broke into the top 10 with a strong all-around performance.
  • In spite of tough 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.
  • Private University based B-schools like NMIMS Mumbai, XIM Bhubaneshwar, SCMHRD Pune, KJ Somaiya Mumbai have demonstrated that MBA can thrive in University setup too. However, a lot more needs to be done by most of Private Universities in India to improve their MBA program.
  • New IIMs like IIM Nagpur and IIM Amritsar are fast breaking into the top league.
  • Many of Non-IIM B-schools in the coveted Top 35 list are PGDM B-schools including GIM Goa, IRMA, LBSIM, BIMTECH and Welingkar Mumbai to name a few.

All said, the fierce competition in claiming Top Ranks amongst IIMs, PGDM B-schools, University B-schools, and of late IIT DoMs, is promoting innovation and focus on outcomes, which is good news for Indian management education.

 

Let’s review who finds the place in Top 10, Top 10-20 and Top 20-35 tables in this year’s survey.

 

MBAUniverse.com Ranking 2023 - Top 10 B-schools in India
Here is the list of the most coveted Top 10 B-schools in India! With top IIMs, and strong pedigree B-schools, Competition is super intense to be in this table. IIM Bangalore is Ranked #1 B-school in India, as per MBAUniverse.com Ranking 2023. IIM Bangalore is leading from the front when it comes to globalization, research and thought-leadership. With 117 faculty members, who are admired subject experts, and career outcomes matching other top IIMs, it has earned its top rank with a total score of 926, out of 1000.

 

Triple accredited, IIM Calcutta has moved up the rankings to claim #2 rank, while pushing IIM Ahmedabad to #3 rank in MBAUniverse.com Rankings 2023. IIM Calcutta has the highest career outcomes -- with average salary of Rs 34,20,000, highest amongst all B-schools in India! 

 

A breaking news from the survey is that SPJIMR Mumbai has unseated IIM Lucknow to claim #4 position. What is remarkable is its focus on Student Career Outcomes – where it is ahead of all IIMs except ABC. And it has improved its research outcomes in last few years, and also received AACSB accreditation, making it a more holistic B-school.

 

In a strong showing, IIM Kozhikode has retained its #5 rank on this league table. It has the highest number of faculty – 130 – amongst all B-schools surveyed for this ranking, which ensured strong research outcomes. Despite stiff competition, XLRI and MDI have held on to their Top 10 ranks by successfully differentiating their programs.

 

So, here are the Top 10 B-schools in India, along with their total scores.

B-School

Rank 2023

Rank 2022

Score 2023
(Total 1000)

Admission Status

Indian Institute of Management (IIM) Bengaluru

1

1

926

Read More

Indian Institute of Management (IIM) Calcutta

2

3

913

Read More

Indian Institute of Management (IIM) Ahmedabad

3

2

877

Read More

SP Jain Institute of Management and Research (SPJIMR) Mumbai

4

6

861

Read More

Indian Institute of Management (IIM) Kozhikode

5

5

848

Read More

Xavier School of Management (XLRI) Jamshedpur

6

Not Ranked

783

Read More

Indian Institute of Management (IIM) Lucknow

7

4

696

Read More

Indian Institute of Management (IIM) Indore

8

7

688

Read More

Faculty of Management Studies (FMS) Delhi

9

Not Ranked

679

Read More

Management Development Institute (MDI) Gurgaon

10

9

665

Read More

Source: MBAUniverse.com Ranking 2023

 

MBAUniverse.com Ranking 2023 - Top 11-20 B-schools in India
IIT Delhi’s Department of Management Studies, ranked at #11, is one of the fastest rising B-schools on our rankings. It almost broke into the top 10 with a strong all-around performance. At #13, Shailesh J. Mehta School of Management at IIT Bombay is not far behind. IIT B-schools are in a sweet spot for several factors: like improving student diversity (partly due to low fees and strong showing in popular NIRF rankings), increasing importance of research, which is their forte, and rising importance of technology in business management.

 

Joining IIT DoMs on the elite list of Top 20 B-schools in India are a mix of PGDM and Private University B-schools, and also a few IIMs. Top PGDM B-schools like IMT Ghaziabad and IMI New Delhi managed to hold on to their presence in this elite Top 20 list. They are ofcourse facing tough challenge from younger IIMs – IIM Udaipur and IIM Trichy. NMIMS Mumbai has slipped in this ranking (from #10 to #14 this year) and so has IIFT. It seems IIFT’s over diversification (into Calcutta and Kakinada) is hurting its outcomes.

B-School Rank 2023 Rank 2022 Score 2023
(Total 1000)
Admission Status

Department of Management Studies (IIT Delhi)

11

24

661

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Indian Institute of Foreign Trade (IIFT) New Delhi

12

8

646

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Indian Institute of Technology Bombay SJMSoM, (IIT Bombay)

13

15

633

Read More

School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS) SBM Mumbai

14

10

586

Read More

Indian Institute of Management (IIM) Shillong

15

12

578

Read More

Institute of Management Technology (IMT) Ghaziabad

16

14

571

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Indian Instittute of Management (IIM) Udaipur

17

11

564

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International Management Institute (IMI) New Delhi

18

19

552

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Indian Institute of Management (IIM) Tiruchirappalli

19

13

541

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XIM University (XIM) Bhubaneswar

20

22

530

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Source: MBAUniverse.com Ranking 2023

 

Top 21-35 B-schools in India by MBAUniverse.com Rankings 2023
The next set of the B-schools, ranked No 21-35, are institutions with strong pedigree and consistent performance. Participating in this ranking for the first time, IIT Kanpur’s Department of Industrial & Management Engineering has achieved #24 rank. Top PGDM B-schools including TAPMI, GIM, IRMA, LBSIM, BIMTECH and Welingkar continue to make their presence felt in this cluster. Representing private university B-schools are SIBM Bangalore and IFMR Graduate School of Business at Krea University. They are however going to face stiff challenge from new IIMs like IIM Raipur, IIM Nagpur, IIM Amritsar and IIM Sambalpur who are knocking hard on their doors!

B-School Rank 2023 Rank 2022 Score 2023 (Total 1000) Admission Status

Symbiosis Centre For Management And Human Resource Development (SCMHRD) Pune

21

23

528

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T A Pai Management Institute (TAPMI) Manipal

22

20

524

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Indian Institute of Management (IIM) Raipur

23

17

522

Read More

Department of Industrial & Management Engineering (IIT Kanpur)

24

Not Ranked

519

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Goa Institute of Management (GIM) Goa

25

25

514

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Indian Institute of Management (IIM) Kashipur

26

21

504

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Indian Institute of Management (IIM) Nagpur

27

28

450

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Institute of Rural Management (IRMA) Anand

28

30

447

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K J Somaiya Institute of Management (K J SIMSR) Mumbai

29

26

443

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Lal Bahadur Shastri Institute of Management (LBSIM) Delhi 

30

32

441

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Birla Institute of Management Technology (BIMTECH) Greater Noida

31

31

429

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Prin. L.N. Welingkar Institute of Management Development and Research (WELINGKAR) Mumbai

32

27

426

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Indian Institute of Management (IIM) Amritsar

33

33

420

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Symbiosis Institute of Business Management (SIBM) Bangalore

34

37

418

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IFMR Graduate School of Business, Krea University

35

44

414

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Source: MBAUniverse.com Ranking 2023

 

Top 36-50 B-schools in India by MBAUniverse.com Ranking 2023
Given that there are more than 3000 management programs in India, getting into the Top 50 Rank on MBAUniverse.com Rankings is a big achievement by any yardstick. Afterall, top 35-50 B-schools represent the Top 2% of management programs in India. IIM Sambalpur, MDI Murshidabad, IMT Nagpur, SDMIMD and KIIT SOM are ranked right at the top of this table. Here is the full list that completes Top 50 ranked B-schools.

B-School Rank 2023 Score (Total 1000) Admission Status

Indian Institute of Management (IIM) Sambalpur

36

411

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Management Development Institute (MDI) Murshidabad

37

409

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Institute of Management Technology (IMT) Nagpur

38

407

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SDM Institute For Management Development (SDMIMD) Mysore

39

406

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School of Management, KIIT Deemed to be University

40

398

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International Management Institute (IMI) Kolkata

41

393

Read More

Indus Business Academy (IBA) Bangalore

42

391

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Rajagiri Centre For Business Studies (RCBS) Kochi

43

383

Read More

Xavier Institute of Management and Entrepreneurship (XIME) Bangalore

44

379

Read More

Balaji Institute of International Business (BIIB) Pune

45

376

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Jaipuria Institute of Management (JAIPURIA) Noida

46

371

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Institute of Management Technology (IMT) Hyderabad

47

368

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Jagan Institute of Management Studies (JIMS) Rohini

48

367

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Jaipuria Institute of Management (JAIPURIA) Lucknow

49

366

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Symbiosis Institute of Operations Management (SIOM) Nashik

50

364

Read More

Source: MBAUniverse.com Ranking 2023

MBAUniverse.com Rankings 2023 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, Top Public 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.

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

21

Process

Faculty, Academics, Research, International Accreditation

43

Outcome

Career Outcomes & Entrepreneurship

36

Read complete MBAUniverse.com Rankings 2023 Methodology.

 

Top International Accreditations strengthen academic outcomes
As in past surveys and in line with growing importance of global accreditation, a definitive weightage was given to Top 3 International Accreditations i.e. AACSB, EFMD’s EQUIS and AMBA. However, no other International Accreditation was given any weightage. Survey notes that growing number of Indian B-schools featured in this ranking have earned these prestigious accreditations.

 

Three Triple Crown B-schools in India

B-school
Accredited by:
AACSB
EQUIS
AMBA
Indian Institute of Management - IIM Calcutta
Yes
Yes
Yes
Indian Institute of Management - IIM Indore
Yes
Yes
Yes
Indian School of Business - ISB Hyderabad*
Yes
Yes
Yes

* Not ranked in this survey as it offers a 1-year MBA equivalent certificate program

 

Eight Double Crown B-schools in India

B-schools
Accredited by
AACSB
EQUIS
AMBA
Indian Institute of Management - IIM Kozhikode
 
Yes
Yes
Indian Institute of Management - IIM Lucknow
Yes
 
Yes
XLRI Jamshedpur
Yes
 
Yes
Management Development Institute (MDI) Gurgaon
Yes
 
Yes
SPJIMR Mumbai
Yes
 
Yes
International Management Institute (IMI) New Delhi
Yes
 
Yes
School of Business Management at NMIMS Mumbai
Yes
 
Yes
TAPMI Manipal
Yes
 
Yes

MBAUniverse.com Rankings 2023: Complete List 
Here is the full list of 85 Top B-schools in India, as per our rankings.

B-School

Rank 2023

Score (Total 1000)

Indian Institute of Management (IIM) Bengaluru

1

926

Indian Institute of Management (IIM) Calcutta

2

913

Indian Institute of Management (IIM) Ahmedabad

3

877

SP Jain Institute of Management and Research (SPJIMR) Mumbai

4

861

Indian Institute of Management (IIM) Kozhikode

5

848

Xavier School of Management (XLRI) Jamshedpur

6

783

Indian Institute of Management (IIM) Lucknow

7

696

Indian Institute of Management (IIM) Indore

8

688

Faculty of Management Studies (FMS) Delhi

9

679

Management Development Institute (MDI) Gurgaon

10

665

Department of Management Studies (IIT Delhi)

11

661

Indian Institute of Foreign Trade (IIFT) New Delhi

12

646

Indian Institute of Technology Bombay SJMSoM, (IIT Bombay)

13

633

School of Business Management, Narsee Monjee Institute of Management Studies (NMIMS) SBM Mumbai

14

586

Indian Institute of Management (IIM) Shillong

15

578

Institute of Management Technology (IMT) Ghaziabad

16

571

Indian Instittute of Management (IIM) Udaipur

17

564

International Management Institute (IMI) New Delhi

18

552

Indian Institute of Management (IIM) Tiruchirappalli

19

541

XIM University (XIM) Bhubaneswar

20

530

Symbiosis Centre For Management And Human Resource Development (SCMHRD) Pune

21

528

T A Pai Management Institute (TAPMI) Manipal

22

524

Indian Institute of Management (IIM) Raipur

23

522

Department of Industrial & Management Engineering (IIT Kanpur)

24

519

Goa Institute of Management (GIM) Goa

25

514

Indian Institute of Management (IIM) Kashipur

26

504

Indian Institute of Management (IIM) Nagpur

27

450

Institute of Rural Management (IRMA) Anand

28

447

K J Somaiya Institute of Management (K J SIMSR) Mumbai

29

443

Lal Bahadur Shastri Institute of Management (LBSIM) Delhi 

30

441

Birla Institute of Management Technology (BIMTECH) Greater Noida

31

429

Prin. L.N. Welingkar Institute of Management Development and Research (WELINGKAR) Mumbai

32

426

Indian Institute of Management (IIM) Amritsar

33

420

Symbiosis Institute of Business Management (SIBM) Bangalore

34

418

IFMR Graduate School of Business, Krea University

35

414

Indian Institute of Management (IIM) Sambalpur

36

411

Management Development Institute (MDI) Murshidabad

37

409

Institute of Management Technology (IMT) Nagpur

38

407

SDM Institute For Management Development (SDMIMD) Mysore

39

406

School of Management, KIIT Deemed to be University

40

398

International Management Institute (IMI) Kolkata

41

393

Indus Business Academy (IBA) Bangalore

42

391

Rajagiri Centre For Business Studies (RCBS) Kochi

43

383

Xavier Institute of Management and Entrepreneurship (XIME) Bangalore

44

379

Balaji Institute of International Business (BIIB) Pune

45

376

Jaipuria Institute of Management (JAIPURIA) Noida

46

371

Institute of Management Technology (IMT) Hyderabad

47

368

Jagan Institute of Management Studies (JIMS) Rohini

48

367

Jaipuria Institute of Management (JAIPURIA) Lucknow

49

366

Symbiosis Institute of Operations Management (SIOM) Nashik

50

364

International School of Business & Media (ISBM) Pune

51

362

Institute of Management Studies (IMS) Ghaziabad

52

354

Symbiosis Institute of Business Management (SIBM) Hyderabad

53

351

PSG College of Technology (PSGCT) Coimbatore

54

348

Institute of Public Enterprise (IPE) Hyderabad

55

345

Vignana Jyothi Institute of Management (VJIM) Hyderabad

56

342

Chetana's Institute of Management and Research (CIMR) Mumbai

57

339

Vivekanand Business School (VBS) Mumbai

58

337

Jaipuria Institute of Management (JAIPURIA) Jaipur

59

333

Chandragupt Institute of Management (CIMP) Patna

60

331

MET Institute of Management (MET) Mumbai

61

325

International Management Institute (IMI) Bhubaneswar

62

320

St. Joseph's Institute of Management (SJIM) Bangalore

63

319

Prestige Institute of Management and Research (PIMR) Indore

64

316

SCMS Cochin School of Business (SCMS) Kochi

65

314

Chitkara Business School Rajpura Punjab

66

311

International Institute of Management Studies (IIMS) Pune

67

310

Manav Rachna International Institute of Research & Studies (MRIIRS) Faridabad

68

309

Siva Sivani Institute of Management (SSIM) Hyderabad

69

307

St. Xavier’s Unversity Kolkata

70

305

Bharati Vidyapeeth Institute Of Management & Research (BVIMR) New Delhi

71

304

RV Institute of Management (RVIM) Bangalore

72

303

Jaipuria School of Business (JAIPURIA) Indiapuram

73

302

Jaipuria Institute of Management (JAIPURIA) Indore

74

300

JK Business School (JKBS) Gurgaon

75

297

IMS Unison University Dehradun

76

296

Fortune Institute of International Business (FIIB) New Delhi

77

295

IMS Ghaziabad (University Courses Campus)

78

290

Saintgits Institute of Management (SIM) Kottayam

79

288

KCT Business School (KCTBS) Kumaraguru 

80

285

KLS Gogte Institute of Technology (KLS GIT) Belagavi

81

284

Kochi Business School (KBS) Kochi

82

280

Ramaiah Institute of Management Studies (RIMS) Bangalore

83

275

Rajalakshmi School of Business (RSB) Chennai

84

272

Gnanam School of Business (GSB) Thanjavur

85

267

Also read:

MBAUniverse.com Rankings 2023 Methodology

MBA Ranking 2023: Read latest updates on NIRF Ranking Framework (published by HRD Ministry, Government of India), MBAUniverse.com and Business Today rankings. 

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