MBA Rankings in India 2025: Check Latest NIRF, MBAUniverse.com, Business Today, Financial Times Rankings; Compare Colleges
MBA Rankings in India by Government of India (NIRF), Media publications (Business Today, Outlook) and MBA Portals (MBAUniverse.com) are used 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 Latest NIRF 2024, MBAUniverse.com 2025, Business Today 2024, Financial Times 2024 Rankings. Compare Colleges on all these top MBA Colleges Ranking in India.
Latest Updates:
- NIRF Ranking 2024 released in August 2024: IIM Ahmedabad, IIM Bangalore and IIM Kozhikode have retained their top 3 ranks. Check complete details below.
- MBAUniverse.com Rankings 2025 Released: The 15th edition was released on December 26, 2024. Check complete details below.
- Business Today Ranking 2024 released on Oct 13: IIM Calcutta is ranked No 1 B-school in India. Top B-schools like IIM Ahmedabad and IIM Bangalore are not ranked.
- MBAUniverse.Com Rankings 2025 Releasing Soon: The 15th edition will be released in early December 2024 soon after the CAT exam. Check complete details of last year’s rankings.
- Financial Times MIM Rankings 2024 released on September 8. 14 Indian B-schools were ranked. SPJIMR Mumbai was ranked as India’s #1 MBA/MIM program in India and #35 globally. Check complete details below.
- Business Standard, Outlook, Business World and The Week are other popular MBA rankings in India.
Table of Content
1. Top MBA Rankings in India
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 2024
(Released on August 12) |
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
|
2. Top MBA Colleges in India by MBA Rankings 2024-25
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
Ranking 2024 |
|
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
|
3. NIRF Ranking 2024 Management: Key Highlights
The 9th edition of Govt of India NIRF Management Ranking 2024 was released on August 12, 2024. Check key highlights below:
Key Highlights
- IIM Ahmedabad & IIM Bangalore retain their top 2 rankings
- IIM Kozhikode retains Rank #3.
- IIM Calcutta slips to Rank #5, while IIT Delhi moves up to Rank #4
- IIM Mumbai moves up to the Rank #6.
- IIM Lucknow slips by one rank to #7
- XLRI Jamshedpur, Ranked # 9, is the highest ranked Private B-school in India
- IIFT New Delhi has gained 12 places and got Rank #15 from last year Rank # 27
- IIM Ranchi moved up 7 places and was awarded Rank # 17 from last year Rank #24
- IIT Kharagpur has slipped by 5 places to Rank #19 from last year Rank # 14
- IIM Nagpur has jumped by 12 places and has got Rank #31 from last year Rank #43
- IIM Bodhgaya has jumped by 20 places and has got Rank #33 from last year Rank # 53
- IIM Udaipur has lost 6 places and came down at Rank #22 from last year Rank # 16
Top Institutes in NIRF Management Ranking 2024
Top 20 management Institutes are:
|
B-school
|
NIRF Management
Ranking 2024 |
Ranking Gain/Loss from last year
|
NIRF Ranking 2023
|
NIRF Ranking 2022
|
|
Indian Institute of Management Ahmedabad
|
1
|
0
|
1
|
1
|
|
Indian Institute of Management Bangalore
|
2
|
0
|
2
|
2
|
|
Indian Institute of Management Kozhikode
|
3
|
0
|
3
|
5
|
|
Indian Institute of Technology Delhi
|
4
|
1
|
5
|
4
|
|
Indian Institute of Management Calcutta
|
5
|
-1
|
4
|
3
|
|
Indian Institute of Management Mumbai
|
6
|
1
|
7
|
9
|
|
Indian Institute of Management Lucknow
|
7
|
-1
|
6
|
6
|
|
Indian Institute of Management Indore
|
8
|
0
|
8
|
7
|
|
XLRI-Xavier School of Management
|
9
|
0
|
9
|
8
|
|
Indian Institute of Technology Bombay
|
10
|
0
|
10
|
11
|
|
Management Development Institute, Gurugram
|
11
|
2
|
13
|
13
|
|
Indian Institute of Management Rohtak
|
12
|
0
|
12
|
16
|
|
Symbiosis Institute of Business Management
|
13
|
4
|
17
|
17
|
|
Indian Institute of Management Raipur
|
14
|
-3
|
11
|
14
|
|
Indian Institute of Foreign Trade, New Delhi
|
15
|
12
|
27
|
24
|
|
Indian Institute of Technology Madras
|
16
|
-1
|
15
|
10
|
|
Indian Institute of Management Ranchi
|
17
|
7
|
24
|
15
|
|
Indian Institute of Technology Roorkee
|
18
|
0
|
18
|
19
|
|
Indian Institute of Technology Kharagpur
|
19
|
-5
|
14
|
12
|
|
S.P. Jain Institute of Management & Research, Mumbai
|
20
|
0
|
20
|
21
|
Source: National Institutional Ranking Framework Ranking 2024
Read Complete Analysis of NIRF Management Ranking 2024.
4. MBAUniverse.com B School Rankings 2025
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.
5. Financial Times Masters in Management Ranking 2024
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.
Also Read:
6. Business Today India’s Best B-schools 2024
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 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 India are published by Business Standard, Outlook, Business World and The Week. Use these top Business School Rankings in India to take the correct decision.
Also Read:
Admission 2025 Notifications
