Top Business Schools in India
Saurav Anand
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September 5, 2022
Top 10 B-schools in India
So, here are the Top 10 B-schools in India.
1. Indian Institute of Management Ahemdabad
Unquestionably, IIM Ahmedabad is the best management school in the nation. In addition to offering 1 year MBA, Executive MBA, Ph.D., and other additional MBA programmes, IIM Ahmedabad also offers 2-year full-time PGP and PGP-FABM programmes.
IIMA is an independent organisation controlled by the IIMA Society, which was established in accordance with the Societies Act. The IIMA Society also appoints members of the Board of Governors. The IIM Ahmedabad is under the direction of Prof. Errol D'Souza. Beginning on February 1, 2018, his term will last for five years. IIM Ahmedabad has significantly lowered the needed minimum CAT 2021 sectional cut-off percentile to 70 and overall percentile cut-off to 80 for the admission 2022–24 batch and has decreased the weightage of the CAT score to 65 percent in the shortlisting for the final admission round. Top national and worldwide figures, CEOs, best-selling authors, bureaucrats, deans, and directors of prestigious academic institutions are among the graduates of IIM Ahmedabad.
Major highlights
- One of India's top-ranked management schools is IIM Ahmedabad. IIM Ahmedabad is ranked first in the MHRD NIRF Ranking 2021 published by the Government of India.
- IIMA received EQUIS certification for the first time in 2008, making it the first business school in the nation.
- Top MBA colleges throughout the world use case studies from IIM Ahmedabad as examples and discussion topics in their classrooms.
- With its distinctive admissions procedure, IIM Ahmedabad accepts applicants with a variety of academic backgrounds and at lower CAT percentiles. Even with an 80-85 percentile on the CAT exam, several non-engineers, and students from a wide range of academic backgrounds have been admitted to IIM Ahmedabad.
Program Fees
Additional costs include a laptop computer, personal items for travel, clothing, and laundry.
PGP students at IIM Ahmedabad must spend a total of Rs 23,00,000 for the programme (including the tuition fee of Rs 16,99,000).
After accounting for inflation, the overall programme fees for the 2022–2024 batch may rise by an additional 5–7%.
IIM Ahmedabad's placement programme uses the "Dream Campus Application" idea. placement procedure that lets students select the industries and job functions of their choosing.
131 companies took part in the placement process, including the laterals procedure, in 2021 and made placement offers.
2021 Placement Data (As released after IPRS Audit)
- Domestic Average Wage: Rs.27.54 Lakh
- The highest domestic salary is Rs. 55,000,000.
- International Average Salary: Rs. 74.22 Lakhs
- Internationally, the highest salary is Rs. 115.76 Lakhs.
2. Indian Institute of Management Bangalore
IIM Bangalore, one of the top three management schools in India, was founded in 1973 in the centre of the country's high-tech industry. Because of its location close to some of the biggest corporations in the nation, including consumer product and information technology companies, it has the added benefit of combining theoretical learning with real-world experience.
A variety of MBA programmes, Executive Management Education, and doctoral management programmes are offered at IIM Bangalore. The IIMB is well-placed to introduce students to all sectors of India's developing economy. Its mission is to develop leaders and businesspeople via creative, holistic education.
With the Michael and Susan Dell Foundation for the incubation of non-profits, Goldman Sachs for the promotion of female entrepreneurs, and NITI Aayog for scaling up, IIM Bangalore has important relationships and collaborations.
Highlights
- EQUIS, a reputable international accreditation body, has granted IIM Bangalore accreditation.
- According to the MHRD NIRF 2021 Rankings, the B-school is ranked #2 out of the top 100 B-schools in India.
- Through edX, IIM Bangalore provides Massive Open Online Courses (MOOCs).
- Instead of a postgraduate diploma, IIMB now grants MBA degrees.
- Admission
- CAT/GMAT scores are used to determine admission to MBA programmes for business analytics.
- In shortlisting, actual cutoffs exceed the 97 CAT percentile.
- Candidates who have been shortlisted must go through the WAT and PI processes.
- Academic performance, work experience, and achievements are given more weight.
- The fee for a two-year MBA is Rs. 23,20,000.
Highlights of the IIM Bangalore Placement in 2022
- IIM Bangalore has finished placement for 2022 but will provide wage information following an audit. Important details about IIM Bangalore Placements 2022 are
- In two days, Placement 2022 concluded with 100% placement offers.
- An increase in placement offers of 37%
- 513 students in a large batch received 662 offers.
- Consulting surpassed all other recruiting domains with 248 offers. With 51 offers, Accenture was the leading employer.
- Accenture, BCG, Kearney, Bain & Company, McKinsey, Microsoft, RPG Group, Goldman Sachs, Avendus Capital, EY, and HUL were some of the top employers.
IIMB Placements 2021
- 100% Placement Record with high salary packages
- The average Domestic Salary has gone up to Rs.28.98 LPA from Rs.26.18 LPA last year
- The median salary went up to Rs.28.60 LPA in 2021 from Rs.25 LPA last year
- Batch Size: 440 students
- No. of Students who opted out: 9
- No. of Recruiters in Placement 2021: 120
- Total offers Made in Placement 2021: 481
- PPOs Made: 193
- PPOs Accepted: 160
- Overseas Offers: 8
- Lateral Placement Offers Made: 110
- Lateral Placement Offers Accepted: 98
3. Indian Institute of Management Calcutta
The Government of India founded IIM Calcutta as the first National Institute for Post-Graduate Courses and Research in Management in November 1961. The B-school has established a reputation for providing top-notch management education on a global scale. Through its Post Graduate and Doctoral level programmes, Executive Training Programs, Research and Consulting Activities, it has been taking the lead in professionalising Indian management.
Highlights
- IIM Calcutta has won three awards. Being the only business school to hold these three accreditations, it has attained three international accreditations: AACSB, AMBA, and EQUIS.
- MHRD, Government of India's NIRF 2021 Rankings of the top 100 B-schools place it third.
- There are 85 partner institutions worldwide for IIM Calcutta.
- IIM Calcutta was the first to launch the programme for international student exchange in 1999.
- Admission
- The required entrance exam for admission to IIM Calcutta is the CAT.
- When shortlisting candidates for the final selection phase, the minimum CAT score cut off is 85 percent, while the actual cut-off may be as high as 98 percent.
- Following shortlisting, candidates must participate in the WAT and PI rounds.
Final admission offers are based on CAT exam performance, WAT & PI, academic standing, work history, and other factors.
Fee
- PGDM 2020-22 Fee is Rs.22,60,000
2022 Placements: Important Highlights
- From Rs.29 LPA in Placement 2021 to Rs.34.2 LPA in Placement 2022, the average wage increased by 18%.
- From Rs.27 LPA last year to Rs.31 LPA in Placement 2022, the median salary has increased.
- highest average salary ever
- a sizable batch with 465 students in the Placement 2022 cohort
- 631 offers were made available.
- There are now 190 recruiters making placement offers, up from 172 last year.
- 49 percent of the class was placed in the consulting field.
- In Placement 2022, Finance & Consulting collectively own a 67 percent stake.
- Top recruiters include Accenture, Boston Consulting Group, EY, Bain & Co., and HUL.
4. Indian Institute of Management Lucknow
IIM Lucknow, the fourth institution in the esteemed IIM family of Management schools, was founded in 1984. IIM Lucknow develops its students to become globally competitive, value-driven leaders and managers. The institute engages in a wide range of academic pursuits with the goal of producing, disseminating, and applying management knowledge and technique. More than 1000 students are enrolled at IIM Lucknow.
Institute Highlights
- IIM Lucknow has received international accreditation from AACSB and AMBA and has won two awards.
- The first IIM opened a satellite campus in Delhi NCR in 2005 at NOIDA.
- ranked seventh among the top 100 Management Institutes in India according to the Ministry of HRD's NIRF Ranking 2021
- A track record of 100% placements with competitive pay packages from both domestic and international businesses
- International Exchange provides the ability for students to complete a portion of their courses at more than 35 Business Schools worldwide.
Fees:
- Rs.19.25 Lakhs for a 2-year full-time PGP programme.
- 2022 placements
- From Rs.51 LPA last year to Rs.58 LPA in Placement 2022, the highest domestic salary has increased.
- From Rs. 56 LPA last year to Rs. 61.59 LPA in Placement 2022, the highest international salary has increased.
- The Placement 2022 average wage is not made public. Despite the epidemic condition, the average pay increased to Rs.26 LPA in 2021 from Rs.24.25 LPA in 2020.
- The median wage for Placement 2022 is not made public. The median salary increased to Rs.23.5 LPA in Placement 2021 from Rs.23 LPA in 2020.
- A batch of 491 students received 534 job offers from more than 150 prestigious employers.
- Top Recruiters: Some of the top Domestic recruiters include Aditya Birla Group, Accenture, Adobe, Bain & Co., Barclays, BCG, Capgemini, Citi, Deutsche Bank, Deloitte, EY, Goldman Sachs, HSBC, Kearney, KPMG, McKinsey, Microsoft, PwC, RPG, Xiaomi among others while Top International Recruiters include Omnibiz, Landmark, Splash
5. XLRI Jamshedpur: Xavier School of Management
India's top private management school, Xavier School of Management (XLRI), is located in Jamshedpur. Fr. Quinn Enright, S.J. established one of India's first management schools, XLRI, in the "steel metropolis" of Jamshedpur in 1949. The XLRI Business College in Jamshedpur has developed over the past seven decades into a top-ranking business management institution with an impressive list of management programmes and research outputs. Alumni from XLRI have made responsible business leadership contributions to their organisations all across the world.
Institute Highlights for XLRI
- AACSB and AMBA both recognise XLRI Jamshedpur as a business school. The National Board of Accreditation has also granted accreditation to XLRI (NBA).
- XLRI is a prestigious business school. In addition to being listed in the top 5 B-schools by MBAUniverse.com and other major B-school rankings, it received All India position #9 in the NIRF Ranking 2020.
- 100% success rate in placement. The average pay increased significantly in 2021 to Rs. 25.08 lakhs.
- Strong, well-positioned alumni from XLRI are employed in prestigious firms all across the world.
- Business management (PGDM-BM), human resource management (PGDM-HRM), and executive-PGDM programmes are all available through XLRI. The B-school administers the XAT and accepts scores for admission to its flagship programme.
Top 11-20 B-schools in India 2021
A combination of PGDM B-schools and New IIMs founded less than a decade ago have joined the prestigious list of India's Top 20 B-schools. Top PGDM B-schools like IMT Ghaziabad, IMI New Delhi, and TAPMI have managed to maintain their position in this coveted Top 20 ranking. Of course, they face stiff competition from newer IIMs and IIT B-schools. Six IIMs are among the top eleven to twenty business schools in India. IIM Shillong is competing with its younger brothers, IIM Udaipur and IIM Trichy. IIT B-schools are gradually establishing their imprint on the top league, with affordable fees and strong placements producing significant ROI. IIT Bombay's Shailesh J. Mehta School of Management
| B-School | Rank 2022 |
|---|---|
| Indian Institute of Management Udaipur | 11 |
| Indian Institute of Management Shillong | 12 |
| Indian Institute of Management Tiruchirappalli | 13 |
| Institute of Management Technology Ghaziabad | 14 |
| Indian Institute of Technology Bombay | 15 |
| Indian Institute of Management Ranchi | 16 |
| Indian Institute of Management Raipur | 17 |
| Indian Institute of Management Rohtak | 18 |
| International Management Institute New Delhi | 19 |
| T A Pai Management Institute Manipal | 20 |
Top 21-35 B-schools in India 2022
The following group of B-schools, rated 21-35, are institutions with a solid heritage and a track record of sustained progress. This cluster is dominated by PGDM B-schools such as XIMB, GIM, IRMA, Welingkar, BIMTECH, and LBSIM. They will continue to focus on all facets of education value delivery in order to maintain their top league table status. They will, however, face fierce competition from new IIMs such as IIM Nagpur, IIM Amritsar, and many more who are banging on their doors! SCMHRD Pune and KJ Somaiya Institute of Management Mumbai are two B-schools in this category that represent private institutions. MDI Murshidabad, which just opened, has debuted at #34.
| B-School | Rank 2022 |
|---|---|
| Indian Institute of Management Kashipur | 21 |
| Xavier Institute of Management Bhubaneswar | 22 |
| Symbiosis Centre For Management And Human Resource Development - SCMHRD Pune | 23 |
| Department of Management Studies IIT Delhi | 24 |
| Goa Institute of Management | 25 |
| K J Somaiya Institute of Management | 26 |
| Welingkar Mumbai | 27 |
| Indian Institute of Management Nagpur | 28 |
| Indian Institute of Management Sambalpur | 29 |
| Institute of Rural Management Anand | 30 |
| Birla Institute of Management Technology Greater Noida | 31 |
| Lal Bahadur Shastri Institute of Management Delhi | 32 |
| Indian Institute of Management Amritsar | 33 |
| Management Development Institute Murshidabad | 34 |
| School of Management, KIIT Deemed to be University | 35 |
People Also Ask
1. Which is the top MBA college in India?
Answer. The top MBA college in India as per the latest NIRF MBA ranking is IIM Ahmedabad. It is followed by IIM Bangalore on Number 2, IIM Calcutta on Number 3, IIT-Delhi-DoMS on Number 4 and IIM Kozhikode on Number 5.
2. How can I decide which is the best college for MBA?
Answer. The candidates must keep in mind the following while choosing an MBA college – government recognition, degree/diploma, curriculum and pedagogy, infrastructure, ranking, location, fees and placement record.
3. Which MBA ranking is best in India?
Answer. Top MBA Colleges in India with NIRF Ranking 2021 and Shiksha Rating (Aggregate)
| Top 10 MBA Colleges in India | NIRF MBA Ranking 2022 | Shiksha Rating (Aggregate) |
|---|---|---|
| IIM Ahmedabad | 1 | 4.6 |
| IIM Bangalore | 2 | 4.8 |
| IIM Calcutta | 3 | 4.7 |
| IIT Delhi DoMS | 4 | 4.4 |
4. Which college has the best placement for MBA in India?
Answer. The List of MBA Colleges that offers the best placement in the industry are:
| MBA Colleges | Placement 2022: Average Salary | Placement 2021: Average Salary |
|---|---|---|
| IIM Bangalore | NA | 33.82 LPA |
| FMS Delhi | 32.40 LPA | 26.20 LPA |
| SPJIMR, Mumbai | 32.05 LPA | 26.06 LPA |
| XLRI, Jamshedpur | 30.00 LPA | 25.08 LPA |
5. Which MBA has the highest salary?
Answer. Top Highest-Paying MBA Concentrations
- Finance.
- Marketing.
- Information Technology.
- Information Security.
- Human Resources.
- Healthcare Management.
- Real Estate.
- International Business.
Frequently Asked Questions
Q1. What are the main criteria for admission to XLRI?
Ans: The XAT is used to admit students to XLRI. If you pass the exam's cut-offs, there will be a GD-PI procedure (please note that the GDPI process from the previous year also included a non-evaluative Psychometric test) based on which you would be evaluated further.
Q2. Can I expect to be nominated by XLRI if I receive a poor score in one component but a high score in another section?
Ans: You must pass both the overall cut-off and the sectional cut-offs in order to be shortlisted.
Q3. How many seats are available and what GMAT and CAT percentile are needed?
Ans: At IIM Ahmedabad, admission is provided to about 400 applicants. IIMA stated in its admission policy 2018 that the CAT 2017 cut-offs were 70 sectional and 80 overall, although you may need more than 98 percentiles to get shortlisted by this prestigious B-school.
Q4. Which is the No 1 MBA college in India?
Ans. IIM Ahmedabad leads the list of the top MBA colleges in India followed by IIM Bangalore, then IIM Kolkata and so on.
Q5. Which state is best for MBA in India?
Ans. Uttar Pradesh is the highest applying state for MBA courses followed by Maharashtra, Madhya Pradesh, and Andhra Pradesh.
Q6. Why IIM fees is so high?
Ans. IIM Ahmedabad charges high fees to maintain its cutting-edge facilities, top-notch infrastructure, and high-end research facilities, it offers. They need to charge high to meet these costs. Also, IIMs are autonomous, and they don't receive much funding from the government
Q7. Is Indian MBA valid in the USA?
Ans. Is Indian MBA valid in the USA? Of course, they are! The MBAs of the best institutes in India are very much valid abroad. In fact, few institutes like IIM Ahmedabad, IIM Bangalore, ISB Hyderabad, and more are internationally recognized as being among the top 100 institutes in the world to do an MBA
Q8. Which is the best field an MBA?
Ans. Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students.