MBAUniverse.com B School Rankings 2024

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Updated on
December 30, 2023

Not A B C L, but B C A K! MBAUniverse.com Ranking 2024 reveals the new B-school Ranking Order for MBA Aspirants

 

B-school Ranking

 

The 14th edition of the MBAUniverse.com Ranking 2024, regarded as one of India's most credible B-school Rankings, is out now! Designed specifically for the smart MBA Aspirants, this ranking uses the very latest Placements, Fees, and Academic Excellence data-driven insights, and ranks 16 IIMs, key IIT B-schools, FMS Delhi, SPJIMR, MDI, IIFT and other leading B-schools. So, your search for an authentic and comprehensive ranking ends here – are you ready to check India’s top B-schools!

 

Let’s start with the big Breaking News. IIM Bangalore maintains its top spot as India's best B-school, according to the MBAUniverse.com Ranking 2024. IIM Bangalore achieved the #1 Rank for the first time in 2022, so this is the hattrick! Triple accredited IIM Calcutta has edged out its much-celebrated sibling IIM Ahmedabad to claim #2 rank. Another breaking news from the survey is that IIM Kozhikode has jumped up to become the 4th best B-school in India, up one rank from last year’s #5 rank. IIM Lucknow has dropped to #6 rank. This is how IIM Bangalore, IIM Calcutta, IIM Ahmedabad and IIM Kozhikode – the B C A K IIMs – complete the new ranking order, breaking the older order – A B C L. There are plenty of other changes in the MBAUniverse.com ranking order, highlighting the dynamism of our ranking. 

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MBAUniverse.com Ranking 2024 - Key Highlights
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 two years, it had secured the #1 Rank for the first-time in the 2022 survey.
  • Triple accredited IIM Calcutta has edged out much-celebrated IIM Ahmedabad to claim #2 rank.
  • A breaking news from the survey is that IIM Kozhikode has climbed up to become the 4th best B-school in India, up one rank from last year’s #5 rank.
  • SPJIMR has unseated IIM Lucknow to claim #5 position, and is the top Non-IIM B-school on MBAUniverse.com Rankings 2024.
  • Backed by tailwinds of the central role of technology in business today and growing popularity leading to higher applications (thanks largely to NIRF Rankings), IIT Delhi and IIT Bombay Department of Management Studies feature amongst top B-schools on our league table. Check details below.
  • In spite of tough competition from IIMs and IITs, top PGDM B-schools like MDI Gurgaon, IMT Ghaziabad, IMI New Delhi, TAPMI, GIM Goa have earned coveted spots on our Ranking.
  • IIM Mumbai (formerly, NITIE Mumbai) makes a strong debut at #11 on MBAUniverse.com Rankings 2024.
  • After the 2nd Generation IIMs (like IIM Udaipur, IIM Trichy) claiming top spots, now the 3rd Generation IIMs (the ‘Baby IIMs’, like IIM Nagpur and IIM Amritsar) are fast breaking into the top league.

Before we reveal the Top 10 and Top 20 B-schools, it's crucial to understand how these ranks were arrived at - the survey methodology used in MBAUniverse.com Rankings 2024. Since 2010, MBAUniverse.com Ranking has used only hard "Objective Data" like placements, applications, CAT Cut Offs, International Acceditation etc., and has excluded any "Perception Surveys" as they often lack validity. Hence, this Ranking is based on hard data for a 360-degree evaluation between the three key elements 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 for specific weightages for these three parameters. 

 

Now, let’s check out who finds the place in Top 10, Top 10-20 and other tables of MBAUniverese.com Rankings 2024. 

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MBAUniverse.com Ranking 2024 – The Top 10 B-schools in India Are…
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 top table. IIM Bangalore is Ranked #1 B-school in India according to MBAUniverse.com Ranking 2024. IIM Bangalore is leading from the front on almost all aspects of management education: be it research & thought-leadership or student outcomes. IIMB has the best placements with highest average salary of Rs 35.31 LPA in the country. With 115 faculty members, who are admired subject experts, it has earned its top rank with an overall total score of 970, out of 1000.

 

IIM Calcutta, a triple-crown B-school with AACSB, EQUIS and AMBA accreditation, had moved up the rankings last year (Rankings 2023) to claim #2 rank, thus pushing IIM Ahmedabad to #3 rank. This year too IIM Calcutta has retained its top slot. It should be noted here that IIM Ahmedabad is yet to release its Placement 2023 data as on December 30, 2023. In past, IIMA audited placement report was available by September. This is one of the (avoidable) factors that leads to a lower ranking.

 

A breaking news from the survey is that IIM Kozhikode has climbed up to become the 4th best B-school in India, up one rank from last year’s #5 rank. For one, it has the highest number of faculty – 151 – amongst all B-schools surveyed for this ranking, which ensured strong research outcomes. IIMK also continues to break new grounds when it comes to executive education. 

 

This is how with IIM Bangalore (IIMB), IIM Calcutta (IIMC), IIM Ahmedabad (IIMA) and IIM Kozhikode (IIMK) – the B C A K IIMs – complete the new ranking order, breaking the old one – the A B C L IIMs.

 

IIM Kozhikode is closely followed by SPJIMR Mumbai, which has unseated IIM Lucknow to claim #5 position. SPJIMR continues to excel in Career Outcomes for its students where it is ahead of all IIMs except BCA. It has improved its research outcomes in last few years, and also received AACSB accreditation, making it a more holistic competitor to top IIMs.

 

On the back of their strong performance on two of the three pillars of this ranking, students’ quality (input) and career outcomes, FMS Delhi (ranked #7) and IIFT New Delhi (ranked #9) have climbed up the rankings. MDI Gurgaon continues to occupy #10 rank, thus completing the top 10 table. 

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Table 1: Top 10 B-schools in India, along with their total scores.

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

Source: MBAUniverse.com Ranking 2024

 

MBAUniverse.com Ranking 2024: Top 11-20 B-schools in India
Next up, ranked between 11-20 are some of the finest B-schools in India. This list includes, three IIMs, two IIT B-schools and a mix of PGDM and University B-schools. IIM Mumbai (formerly, NITIE Mumbai) makes a strong debut at #11 on MBAUniverse.com Rankings 2024. NMIMS Mumbai have moved up two ranks to #12 slot, from #14 last year.

 

IIT Delhi’s Department of Management Studies (ranked at #15) and Shailesh J. Mehta School of Management at IIT Bombay (ranked at #16) represent the rise of IIT MBA Programs in last few years owning to several factors.

 

Joining IITs on the elite list of Top 20 B-schools are a mix of PGDM and Private University B-schools, and a few IIMs. It is noteworthy that top PGDM B-schools like IMT Ghaziabad, IMI New Delhi and TAPMI have held on to their presence in this elite Top 20 list even as they face tough challenges.

 

Table 2: MBAUniverse.com Ranking 2024 - Top 11-20 B-schools in India

B-school
Rank 2024
Rank 2023
Change (Up/Down)
Score 2024 (Total 1000)
Application 2024 Status
11
Not Ranked
 
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

Source: MBAUniverse.com Ranking 2024

 

Top 21-35 B-schools in India by MBAUniverse.com Rankings 2024
The next set of the B-schools, ranked No 21-35, are institutions with strong pedigree and consistent performance. IIMs including IIM Trichy, IIM Raipur, IIM Kashipur, and IIM Nagpur and leading PGDM B-schools including GIM Goa, IRMA, LBSIM, BIMTECH and Welingkar continue to make their presence felt in this cluster. Making a strong debut at #33 is Bangalore based Jagdish Sheth School of Management (JAGSoM). It has improved on almost all aspects that are studied in this ranking, particularly on quality of faculty and student outcomes.

 

Table 3: MBAUniverse.com Ranking 2024 - Top 21-35 B-schools in India

B-school
Rank 2024
Rank 2023
Change (Up/Down)
Score 2024 (Total 1000)
Application 2024 Status
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
31
33
2
434
32
31
-1
431
Open | Apply Now
33
NR
-
425
Open | Apply Now
34
32
-2
422
Open | Apply Now
35
35
0
419
Open | Apply Now

Source: MBAUniverse.com Ranking 2024

 

Top 36-50 B-schools in India by MBAUniverse.com Ranking 2024
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. MDI Murshidabad, IIM Sambalpur, SIBM Bangalore, IMT Hyderabad and Rajagiri RCBC Kochi are ranked right at the top of this table. IMI Bhubaneshwar has made a remarkable progress climbing up by 14 ranks to get ranked amongst Top 50 B-school in India. NTPC School of Business Noida has made a strong debut at #50. Here is the full list…

 

Table 4: MBAUniverse.com Ranking 2024 - Top 36-50​ B-schools in India

B-school

Rank 2024

Rank 2023

Change (Up/Down)

Score 2024 (Total 1000)

Application 2024 Status

36
37
1
416
Open | Apply Now
37
36
-1
414
38
34
-4
411
Open | Apply Now
39
47
8
410
Open | Apply Now
40
43
3
397
41
38
-3
396
Open | Apply Now
42
42
0
387
Open | Apply Now
43
46
3
383
Open | Apply Now
44
45
1
381
Open | Apply Now
45
39
-6
376
46
48
2
373
Open | Apply Now
47
49
2
371
Open | Apply Now
48
62
14
370
Open | Apply Now
49
55
6
367
Open | Apply Now
50
NR
 
367
Open | Apply Now

Source: MBAUniverse.com Ranking 2024

 

MBAUniverse.com Rankings 2024 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 were derived and assigned to each of the three clusters.

Clusters/Factors Key Criteria/Variables Weightage (%)
Input Student Quality & Diversity 21
Process Faculty, Academics, Research, International Accreditation 39
Outcome Career Outcomes & Entrepreneurship 40

Read complete MBAUniverse.com Rankings 2024 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 2 International Accreditations i.e. AACSB and EFMD’s EQUIS. Survey notes that growing number of Indian B-schools featured in this ranking have earned these prestigious accreditations. At the time of publishing this survey, there are 22 AACSB accredited B-schools in India. Numbers for EFMD’s EQUIS are much lesser. No other International Accreditation was given any weightage

 

MBAUniverse.com Rankings 2024: Complete List 
Here is the full list of 80 Top B-schools in India, as per our rankings.

 

Table 4: MBAUniverse.com Ranking 2024 - Top 51-80 B-schools in India

B-school
Rank 2024
Rank 2023
Change (Up/Down)
Score 2024 (Total 1000)
Application 2024 Status
51
41
-10
366
Open | Apply Now
52
NR
 
358
53
51
-2
357
54
57
3
356
55
NR
 
349
56
63
7
345
Open | Apply Now
57
NR
 
338
Open | Apply Now
58
NR
 
336
59
NR
 
335
60
69
9
331
61
67
6
329
62
59
-3
325
Open | Apply Now
63
61
-2
323
64
65
1
317
65
58
-7
316
66
72
6
313
Open | Apply Now
67
64
-3
311
68
70
2
310
Jaipuria School of Business (JAIPURIA) Indiapuram
69
73
4
308
 
70
NR
 
307
71
74
3
306
Narsee Monjee Institue of Management Studies Navi Mumbai
72
NR
 
305
 
73
76
3
305
74
66
-8
304
75
75
0
302
Biju Patnaik Institute of Information Technology and Management Studies
76
NR
 
300
 
Hindustan Institute of Technology and Science (Deemed to be University)
77
NR
 
298
 
78
80
2
294
79
81
2
289
80
82
2
286

Also read:

MBAUniverse.com Rankings 2024 Methodology

MBA Ranking 2024: Read latest updates on NIRF Ranking Framework (published by HRD Ministry, Government of India), MBAUniverse.com and Business Today rankings. 

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