MBA Rankings in India 2025: Check NIRF Ranking; Refer latest Business Today and MBAUniverse.com Rankings
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, read latest details of important MBA 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.
- 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 (Facts or Perception or Both)
|
Key Focus/Weigthage
|
|
NIRF 2024
(Released on August 12, 2024 by Hon’ble Education Minister Shri Dharmendra Pradhan) |
Both with Higher weightage to Teaching & Research
|
Teaching, Learning & Resources, Research & Professional Practice – Max Marks/500
|
|
MBAUniverse.com Rankings 2024 (Published December 30, 2023)
|
Fact Based on Input-Process-Output score
|
Faculty, Accreditation, Academic Infrastructure, Placements- Max Marks/1000
|
|
Business Today India’s Best B-schools 2023 (Issue date October 13, 2024)
|
Both – Higher weightage to Perception
|
Learning & Living Experience, Placement Performance, Selection Process, Governance and Future Orientation- Max marks/1000
|
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.
|
MBA College
|
NIRF Management
Ranking 2024 |
Business Today Ranking 2024
|
MBAUniverse.com Ranking 2024
|
|
Indian Institute of Management Ahmedabad
|
1
|
Not Ranked
|
3
|
|
Indian Institute of Management Bangalore
|
2
|
Not Ranked
|
1
|
|
Indian Institute of Management Kozhikode
|
3
|
4
|
4
|
|
Indian Institute of Technology Delhi
|
4
|
Not Ranked
|
15
|
|
Indian Institute of Management Calcutta
|
5
|
1
|
2
|
|
Indian Institute of Management Mumbai
|
6
|
Not Ranked
|
Not Ranked
|
|
Indian Institute of Management Lucknow
|
7
|
2
|
6
|
|
Indian Institute of Management Indore
|
8
|
5
|
8
|
|
XLRI-Xavier School of Management
|
9
|
Not Ranked
|
Not Ranked
|
|
Indian Institute of Technology Bombay
|
10
|
Not Ranked
|
16
|
|
Management Development Institute, Gurugram
|
11
|
6
| 10 |
|
Indian Institute of Management Rohtak
|
12
|
Not Ranked
|
Not Ranked
|
|
Symbiosis Institute of Business Management
|
13
|
Not Ranked
|
38
|
|
Indian Institute of Management Raipur
|
14
| Not Ranked |
22
|
|
Indian Institute of Foreign Trade, New Delhi
|
15
|
7
|
9
|
|
Indian Institute of Technology Madras
|
16
|
Not Ranked
|
Not Ranked
|
|
Indian Institute of Management Ranchi
|
17
|
Not Ranked
|
25
|
|
Indian Institute of Technology Roorkee
|
18
|
Not Ranked
|
Not Ranked
|
|
Indian Institute of Technology Kharagpur
|
19
|
Not Ranked
|
Not Ranked
|
|
S.P. Jain Institute of Management & Research, Mumbai
|
20
|
3
|
5
|
|
Faculty of Management Studies (FMS) Delhi
| Not Ranked |
Not Ranked
|
7
|
ISB Hyderabad offers 1 Year MBA program and is therefore not ranked in above table.
3. NIRF Ranking 2024 Management: Release, Key Highlights; Big Gainers, Top Private B-schools
The 9th edition of Govt of India NIRF Ranking 2024 has been released on August 12, 2024 at 3 PM by Shri Dharmendra Pradhan, Hon’ble Education Minister of India. This year more than 4000 institutes applied for the rankings. The Rankings 2024 have been released for 16 streams as against 13 streams last year. In the recent Rankings, IIM Ahmedabad has retained its top position while IIM Bangalore and IIM Kozhikode are again at 2nd and 3rd position respectively. IIT Delhi has displaced IIM Calcutta which has slided to Rank #5 while IIT Delhi has captured its Rank #4. IIM Mumbai has moved up at Rank # 6. Other key highlights of Rankings 2024 are that the third generation IIMs like IIM Nagpur, IIM Bodh Gaya have jumped many places upwards leaving behind number of top B-schools while PGDM B-Schools like MICA Ahmedabad, SIBM Pune, MDI Gurgaon, Jaipuria Institute of Management Lucknow have jumped by many Ranking places. Many second generation IIMs like IIM Udaipur, IIM Kashipur, IITs have also slided down to lower ranking position.
The National Institutional Ranking Framework is approved and released by the Ministry of Education, Government of India. The first Ranking was released in 2016 followed by yearly announcement of B-school Rankings from 2017 to 2024. Till 2019 the Rankings were released by Hon’ble President of India. There are 500 maximum marks awarded in the Ranking on different parameters which include Teaching, Learning & Resources, Research & Professional Practice, Placements, Peer Perception among others.
Key Highlights
1. IIM Ahmedabad & IIM Bangalore retain their top 2 rankings
2. IIM Kozhikode retains Rank #3.
3. IIM Calcutta slips to Rank #5, while IIT Delhi moves up to Rank #4
4. IIM Mumbai moves up to the Rank #6.
5. IIM Lucknow slips by one rank to #7
6. XLRI Jamshedpur, Ranked # 9, is the highest ranked Private B-school in India
7. IIFT New Delhi has gained 12 places and got Rank #15 from last year Rank # 27
8. IIM Ranchi moved up 7 places and was awarded Rank # 17 from last year Rank #24
9. IIT Kharagpur has slipped by 5 places to Rank #19 from last year Rank # 14
10. IIM Nagpur has jumped by 12 places and has got Rank #31 from last year Rank #43
11. IIM Bodhgaya has jumped by 20 places and has got Rank #33 from last year Rank # 53
12. IIM Udaipur has lost 6 places and came down at Rank #22 from last year Rank # 16
Big Gainers among Private B-schools
Here are the Big Changes in Private B-schools in the Govt of India National Institutional Ranking Framework Ranking 2024:
- SIBM Pune jumped 4 places and was awarded Rank # 13 from last year Rank #17
- MDI Gurgaon jumped 2 places and improved its position at Rank #11 from last year Rank # 13
- MICA Ahmedabad has moved up by 5 places and got Rank # 32 from last year Rank #37
- Jaipuria Institute of Management Lucknow has seen a jump of 20 ranks
- B-Schools that have Slipped in NIRF MBA Ranking 2024
- IMI New Delhi has slipped down by 6 places to the Rank # 40 from last year Rank #34
- BIMTECH Greater Noida, Goa Institute of Management, TAPMI Manipal, K J Somaiya Mumbai, IMT Hyderabad have seen a drop in their ranks.
Read Complete Analysis of NIRF Management Ranking 2024
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
4. MBAUniverse.com B School Rankings 2024
The 14th edition of MBAUniverse.com B-school Rankings 2024 was released on December 30, 2023. Regarded as one of India’s most credible B-school Rankings, the prestigious MBAUniverse Rankings 2024 put IIM Bangalore as No 1 B-school in India. IIM Calcutta at #2 Rank and IIM Ahmedabad at #3 Rank are amongst Top 3 B-schools in India. SPJIMR Mumbai has moved up to #4 place, pushing down IIM Lucknow to #7 while IIM Kozhikode has retained its #5 position in MBAUniverse Rankings 2024 . Despite stiff 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. MDI and NMIMS Mumbai have held on to their leadership by successfully differentiating their programs. New IIMs particularly IIM Amritsar and IIM Nagpur have shown significant all-round improvements. It is highly creditable that within a decade of their establishment, they are ranked amongst Top B-schools in India. More details are below.
|
B-school
|
Rank 2024
|
Rank 2023
|
Change (Up/Down)
|
Score 2024 (Total 1000)
|
|
Indian Institute of Management (IIM) Bengaluru
|
1
|
1
|
0
|
970
|
|
Indian Institute of Management (IIM) Calcutta
|
2
|
2
|
0
|
957
|
|
Indian Institute of Management (IIM) Ahmedabad
|
3
|
3
|
0
|
921
|
|
Indian Institute of Management (IIM) Kozhikode
|
4
|
5
|
1
|
905
|
|
SP Jain Institute of Management and Research SPJIMR) Mumbai
|
5
|
4
|
-1
|
893
|
|
Indian Institute of Management (IIM) Lucknow
|
6
|
7
|
1
|
793
|
|
Faculty of Management Studies (FMS) Delhi
|
7
|
9
|
2
|
742
|
|
Indian Institute of Management (IIM) Indore
|
8
|
8
|
0
|
693
|
|
Indian Institute of Foreign Trade (IIFT) New Delhi
|
9
|
12
|
3
|
682
|
|
Management Development Institute (MDI) Gurgaon
|
10
|
10
|
0
|
670
|
|
Indian Institute of Management Mumbai (NITIE)
|
11
|
NR
|
|
668
|
|
Narsee Monjee Institute of Management Studies (NMIMS) Mumbai
|
12
|
14
|
2
|
667
|
|
Indian Institute of Management (IIM) Shillong
|
13
|
15
|
2
|
638
|
|
Institute of Management Technology (IMT) Ghaziabad
|
14
|
16
|
2
|
590
|
|
Department of Management Studies, IIT Delhi
|
15
|
11
|
-4
|
583
|
|
Shailesh J. Mehta School of Management, IIT Bombay
|
16
|
13
|
-3
|
581
|
|
Indian Institute of Management (IIM) Udaipur
|
17
|
17
|
0
|
573
|
|
International Management Institute (IMI) New Delhi
|
18
|
18
|
0
|
564
|
|
T A Pai Management Institute (TAPMI) Manipal
|
19
|
22
|
3
|
545
|
|
XIM University (XIM) Bhubaneswar
|
20
|
20
|
0
|
535
|
|
Indian Institute of Management (IIM) Tiruchirappalli
|
21
|
19
|
-2
|
531
|
|
Indian Institute of Management (IIM) Raipur
|
22
|
23
|
1
|
529
|
|
Goa Institute of Management (GIM) Goa
|
23
|
25
|
2
|
529
|
|
Indian Institute of Management (IIM) Kashipur
|
24
|
26
|
2
|
251
|
|
Indian Institute of Management (IIM) Ranchi
|
25
|
NR
|
-
|
519
|
|
K J Somaiya Institute of Management (K J SIMSR) Mumbai
|
26
|
29
|
3
|
509
|
|
Indian Institute of Management (IIM) Nagpur
|
27
|
27
|
0
|
455
|
|
Institute of Rural Management (IRMA) Anand
|
28
|
28
|
0
|
451
|
|
Department of Industrial & Management Engineering (IIT Kanpur)
|
29
|
24
|
-5
|
447
|
|
Lal Bahadur Shastri Institute of Management (LBSIM) Delhi
|
30
|
30
|
0
|
445
|
Source: MBAUniverse.com Ranking 2024
View complete B School Rankings of 80+ B-schools on this link.
Business Today India’s Best B-schools 2024
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
| |
5. Financial Times Masters in Management Ranking 2024
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.
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