The Ministry of Education, Government of India has geared up to release the 9th Edition of India's most credible NIRF Ranking 2024 soon, after a delay of more than one month than last year. It is expected that NIRF 2024 ranking will be released in July 2024 in 13 categories including NIRF Management Ranking 2024. Last year the NIRF Ranking was released on June 5, 2023 by the Minister of Education Shri Dharmendra Pradhan. Every year NIRF Ranking throws surprises with many top IIMs getting displaced either by their peers or other B-schools while many new comers get included in the ranking positions. For instance, IIM Kozhikode displaced IIM Calcutta and got elevated to # 3 position; IIT Delhi lost its #4 place and slipped down to # 5. So, what can we expect from NIRF 2024!
Read Table of Contents below to know all about the expected number of B-schools in NIRF Ranking 2024, surprises, methodology & parameters and other facts:
Table of Contents
- NIRF Ranking: An Overview
- Expected Date of NIRF Ranking 2024 Release
- Number of MBA/PGDM Colleges in NIRF Ranking 2024
- NIRF Rankings: Top 20 B-Schools
- IIMs in NIRF Management Ranking
- PGDM B-Schools in NIRF Ranking
- IITs in NIRF Ranking for Management
- Top University B-Schools as per NIRF Management Rankings
- NIRF Ranking 2024: What to Expect for IIMs, IITs, PGDM Colleges?
- NIRF Ranking 2024: Key Areas
- NIRF Management Ranking Methodology & Weightages
- Impact of delay in Release in NIRF Ranking 2024
1. NIRF Ranking: An Overview
NIRF is the National Institutional Ranking Framework (NIRF) which was approved by the erstwhile Ministry of HRD and launched by the Minister of Human Resource Development on 29th September 2015. The NIRF framework outlines a methodology to rank institutions across the country. The methodology draws from the overall recommendations broad understanding arrived at by a Core Committee set up by MHRD, to identify the broad parameters for ranking various universities and institutions in different educational areas. These parameters broadly cover “Teaching, Learning and Resources,” “Research and Professional Practices,” “Graduation Outcomes,” “Outreach and Inclusivity,” and “Perception”. NIRF Ranking has increased the areas of ranking over the years and the Ministry of Education has also brought about a few significant changes in some parameters. Many institutions ranked in NIRF can get a common overall rank as well as a discipline specific rank as applicable.
2. Expected Date of NIRF Ranking 2024 Release
NIRF Ranking 2024 is delayed by more than a month. Last year it was released on June 5, 2023. This year it is expected to be released in the third week of July 2024. Hon’ble Minister of Education, Shri Dharmendra Pradhan will release the NIRF Ranking 2024
3. Number of MBA/PGDM Colleges in NIRF Ranking 2024
More than 4000 B-schools including IIMs, Public and Private University management institutes, Autonomous B-schools, PGDM colleges submit data to get ranked in NIRF Ranking every year. However, only 125 top B-schools out of 4000 were ranked in NIRF Ranking during last two years. It remains to be seen what number of B-schools will be ranked in NIRF Ranking 2024 Management.
4. NIRF MBA Ranking 2023 Vs Past Rankings: Top 20 B-schools
|
NIRF Ranking 2023
|
B-school
|
Ranking Gain/Loss from last year
|
NIRF Ranking 2022
|
NIRF Ranking 2021
|
NIRF Ranking 2020
|
|
1
|
Indian Institute of Management Ahmedabad
|
0
|
1
|
1
|
1
|
|
2
|
Indian Institute of Management Bangalore
|
0
|
2
|
2
|
2
|
|
3
|
Indian Institute of Management Kozhikode
|
2
|
5
|
4
|
6
|
|
4
|
Indian Institute of Management Calcutta
|
-1
|
3
|
3
|
3
|
|
5
|
Indian Institute of Technology, Delhi
|
-1
|
4
|
5
|
8
|
|
6
|
Indian Institute of Management Lucknow
|
0
|
6
|
7
|
4
|
|
7
|
National Institute of Industrial Engineering, Mumbai
|
2
|
9
|
12
|
12
|
|
8
|
Indian Institute of Management Indore
|
-1
|
7
|
6
|
7
|
|
9
|
Xavier Labour Relations Institute (XLRI)
|
-1
|
8
|
8
|
9
|
|
10
|
Indian Institute of Technology, Bombay
|
1
|
11
|
10
|
11
|
|
11
|
Indian Institute of Management Raipur
|
3
|
14
|
15
|
19
|
|
12
|
Indian Institute of Management Rohtak
|
4
|
16
|
28
|
21
|
|
13
|
Management Development Institute, Gurugram
|
0
|
13
|
11
|
10
|
|
14
|
Indian Institute of Technology, Kharagpur
|
-2
|
12
|
9
|
5
|
|
15
|
Indian Institute of Technology Madras
|
-5
|
10
|
13
|
14
|
|
16
|
Indian Institute of Management Udaipur
|
6
|
22
|
18
|
17
|
|
17
|
Symbiosis Institute of Business Management
|
0
|
17
|
20
|
22
|
|
18
|
Indian Institute of Technology, Roorkee
|
1
|
19
|
14
|
12
|
|
19
|
Indian Institute of Management Kashipur
|
4
|
23
|
33
|
33
|
|
20
|
S.P. Jain Institute of Management & Research
|
1
|
21
|
19
|
18
|
5. IIMs in NIRF Management Ranking 2023
All the IIMs including 7 baby IIMs have been placed in NIRF MBA Rankings 2023. All the 20 IIMs have been ranked among top B-schools in NIRF Ranking 2023.
|
NIRF Ranking 2023
|
B-school
|
Ranking Gain/Loss from last year
|
NIRF Ranking 2022
|
|
1
|
Indian Institute of Management Ahmedabad
|
0
|
1
|
|
2
|
Indian Institute of Management Bangalore
|
0
|
2
|
|
3
|
Indian Institute of Management Kozhikode
|
2
|
5
|
|
4
|
Indian Institute of Management Calcutta
|
-1
|
3
|
|
6
|
Indian Institute of Management Lucknow
|
0
|
6
|
|
8
|
Indian Institute of Management Indore
|
-1
|
7
|
|
11
|
Indian Institute of Management Raipur
|
3
|
14
|
|
12
|
Indian Institute of Management Rohtak
|
4
|
16
|
|
16
|
Indian Institute of Management Udaipur
|
6
|
22
|
|
19
|
Indian Institute of Management Kashipur
|
4
|
23
|
|
22
|
Indian Institute of Management Tiruchirappalli
|
-4
|
18
|
|
24
|
Indian Institute of Management Ranchi
|
-9
|
15
|
|
26
|
Indian Institute of Management Shillong
|
0
|
26
|
|
29
|
Indian Institute of Management Visakhapatnam
|
4
|
33
|
|
41
|
Indian Institute of Management Jammu (IIMJ)
|
-5
|
36
|
|
43
|
Indian Institute of Management Nagpur
|
0
|
43
|
|
51
|
Indian Institute of Management, Amritsar
|
4
|
55
|
|
53
|
Indian Institute of Management Bodh Gaya
|
20
|
73
|
|
58
|
Indian Institute of Management Sambalpur
|
8
|
66
|
|
98
|
Indian Institute of Management, Sirmaur
|
-29
|
69
|
6. PGDM B-Schools in NIRF Ranking 2023
This year 25+ PGDM B-schools have found place in top 100 management institutes in NIRF Ranking 2023. Only 3 PGDM colleges XLRI, MDI and SPJIMR are placed among top 20 management institutes. A list of top PGDM B-schools in NIRF Rankings 2023 is as below:
|
NIRF Ranking 2023
|
B-school
|
Ranking Gain/Loss from last year
|
NIRF Ranking 2022
|
|
7
|
National Institute of Industrial Engineering, Mumbai
|
2
|
9
|
|
9
|
XLRI-Xavier School of Management
|
-1
|
8
|
|
13
|
Management Development Institute, Gurugram
|
0
|
13
|
|
20
|
S.P. Jain Institute of Management & Research, Mumbai
|
1
|
21
|
|
31
|
Great Lakes Institute of Management, Chennai
|
0
|
31
|
|
33
|
Goa Institute of Management
|
3
|
36
|
|
34
|
International Management Institute New Delhi
|
-4
|
30
|
|
37
|
MICA, Ahmedabad
|
5
|
42
|
|
38
|
Institute of Management Technology, Ghaziabad
|
6
|
44
|
|
42
|
T. A. Pai Management Institute Manipal
|
-4
|
38
|
|
47
|
Jaipuria Institute of Management Noida
|
4
|
51
|
|
48
|
Birla Institute of Management Technology, Greater Noida
|
8
|
56
|
|
54
|
Institute of Rural Management Anand
|
4
|
58
|
|
62
|
Great Lakes Institute of Management,Gurgaon
|
-10
|
52
|
|
63
|
Fore School of Management, New Delhi
|
-3
|
60
|
|
67
|
International Management Institute Bhubaneswar
|
3
|
70
|
|
70
|
International Management Institute Kolkata
|
NA
|
NA
|
|
73
|
Principal L N Welingkar Institute of Management Development and Research, Mumbai
|
-5
|
68
|
|
76
|
National Institute of Bank Management, Pune
|
NA
|
NA
|
|
80
|
Jaipuria Institute of Management Jaipur
|
1
|
81
|
|
83
|
Rajagiri Business School, Cochin
|
-9
|
74
|
|
84
|
Institute of Management Technology, Hyderabad
|
-9
|
75
|
|
88
|
Jagan Institute of Management Studies, Delhi
|
-6
|
82
|
|
89
|
PSG College of Technology, Coimbatore
|
-26
|
63
|
|
90
|
Thiagarajar School of Management, Madurai
|
6
|
96
|
|
92
|
Jaipuria Institute of Management Lucknow
|
-14
|
78
|
|
97
|
National Institute of Agricultural Extension Management, Hyderabad
|
NA
|
NA
|
|
99
|
New Delhi Institute Of Management
|
NA
|
NA
|
7. IITs in NIRF Ranking 2023 for Management
The management departments of all IITs have not fared well. IIT Delhi, IIT Bombay, IIT Madras, IIT Kharagpur, IIT Kanpur have slided down in NIRF Ranking 2023 from last year. The details are as under:
|
NIRF Ranking 2023
|
B-school
|
Ranking Gain/Loss from last year
|
NIRF Ranking 2022
|
|
5
|
Indian Institute of Technology Delhi
|
-1
|
4
|
|
10
|
Indian Institute of Technology Bombay
|
1
|
11
|
|
14
|
Indian Institute of Technology Kharagpur
|
-2
|
12
|
|
15
|
Indian Institute of Technology Madras
|
-5
|
10
|
|
18
|
Indian Institute of Technology Roorkee
|
1
|
19
|
|
23
|
Indian Institute of Technology Kanpur
|
-3
|
20
|
|
44
|
Indian Institute of Technology (Indian School of Mines), Dhanbad
|
2
|
46
|
8. Top University B-Schools as per NIRF Management Rankings 2023
Apart from IIMs and IITs, private PGDM Colleges, NIRF Ranking 2023 has ranked the MBA programmes of top universities whether Government, Autonomous or Private. A list of such top universities is shared below with their ranking position.
|
NIRF Ranking 2023
|
B-school
|
Ranking Gain/Loss from last year
|
NIRF Ranking 2022
|
|
17
|
Symbiosis Institute of Business Management
|
0
|
17
|
|
21
|
SVKM`s Narsee Monjee Institute of Management Studies, Mumbai
|
4
|
25
|
|
25
|
Jamia Millia Islamia,New Delhi
|
4
|
29
|
|
27
|
Indian Institute of Foreign Trade, New Delhi
|
-3
|
24
|
|
28
|
Amity University, Gautam Budh Nagar
|
0
|
28
|
|
30
|
Amrita Vishwa Vidyapeetham, Coimbatore
|
-3
|
27
|
|
32
|
Lovely Professional University, Phagwara
|
2
|
34
|
|
35
|
National Institute of Technology Tiruchirappalli
|
4
|
39
|
|
36
|
Chandigarh University
|
4
|
40
|
|
39
|
University of Petroleum and Energy Studies - UPES, Dehradun
|
2
|
41
|
|
40
|
ICFAI Foundation for Higher Education, Hyderabad
|
-8
|
32
|
|
45
|
K J Somaiya Institute of Management Studies and Research, Mumbai
|
26
|
71
|
|
46
|
XIM University, Bhubaneswar
|
-11
|
35
|
|
49
|
Anna University, Chennai
|
0
|
49
|
|
49
|
Thapar Institute of Engineering and Technology (Deemed-to-be-university)
|
4
|
53
|
|
52
|
Koneru Lakshmaiah Education Foundation University (K L College of Engineering)
|
-5
|
47
|
|
55
|
Aligarh Muslim University
|
2
|
57
|
|
56
|
Banaras Hindu University
|
-6
|
50
|
|
57
|
Siksha `O` Anusandhan, Bhubaneswar
|
NA
|
NA
|
|
59
|
Kalinga Institute of Industrial Technology, Bhubaneswar
|
-11
|
48
|
|
60
|
Christ University, Bengaluru
|
12
|
72
|
|
61
|
Nirma University, Ahmedabad
|
-16
|
45
|
|
64
|
Chitkara University, Rajpura
|
16
|
80
|
|
65
|
Graphic Era University, Dehradun
|
0
|
65
|
|
66
|
Guru Gobind Singh Indraprastha University, New Delhi
|
-4
|
62
|
|
68
|
Atal Bihari Vajpayee Indian Institute of Information Technology and Management, Gwalior
|
-4
|
64
|
|
69
|
Malaviya National Institute of Technology, Jaipur
|
NA
|
NA
|
|
71
|
Saveetha Institute of Medical and Technical Sciences, Chennai
|
6
|
77
|
|
72
|
BML Munjal University, Gurgaon
|
-18
|
54
|
|
74
|
Krea University, Sri City, Chittoor
|
-14
|
60
|
|
75
|
National Institute of Technology Calicut
|
9
|
84
|
|
77
|
Birla Institute of Technology, Ranchi
|
1
|
78
|
|
78
|
Babasheb Bhimrao Ambedkar University, Lucknow
|
9
|
87
|
|
79
|
Manipal University, Jaipur
|
6
|
85
|
|
81
|
Amity University Haryana, Gurgaon
|
11
|
92
|
|
82
|
Panjab University, Chandigarh
|
-15
|
67
|
|
85
|
Jain university, Bangalore
|
11
|
96
|
|
86
|
Bharathidasan Institute of Management, Tiruchirappalli
|
-3
|
83
|
|
87
|
Alliance University, Bengaluru
|
11
|
98
|
|
91
|
Galgotias University, Gautam Budh Nagar
|
2
|
93
|
|
93
|
Tezpur University
|
NA
|
NA
|
|
94
|
Pandit Deendayal Energy University, Gandhinagar
|
-5
|
89
|
|
95
|
Visvesvaraya Technological University, Belgaum
|
-19
|
76
|
|
96
|
Jamia Hamdard, New Delhi
|
4
|
100
|
|
100
|
Guru Jambheshwar University of Science and Technology, Hisar
|
NA
|
NA
|
9. NIRF Ranking 2024: What to Expect for IIMs, IITs, PGDM Colleges?
Let’s rewind the clock and review what happened last year. There were many ups and downs as well as surprises in the NIRF Management Rankings 2023. In this context, what can we expect this year?
9.1 IIM Kozhikode Registers Consistent Rise
Last year, ranked # 3 in NIRF Rankings 2023 – Management, IIM Kozhikode had displaced IIM Calcutta from Rank# 3 to #4. This was a big upset, as the IIM vocabulary, IIM ABC got changed to IIM ABKC. Of course, IIMK has been consistently and steadily rising in the NIRF ranking -- from Rank #6 in 2020 to Rank #5 in 2022 and Rank # 3 in 2023. All eye will be on IIM Kozhikode to see if it can cement its place at #3 in NIRF 2024 Ranking.
9.2 IIT Delhi loses its 4th Rank
The ranking position of Department of Management Studies at IIT Delhi, which was consistently going upwards and had reached Rank #4 in 2022 from # 8 in two years, has gone down at Rank # 5, still ahead of many older and well established IIMs behind. Wiil IIT Delhi hold its rank #5 or will go up again at #4 remains to be seen in NIRF 2024
9.3 IIM Mumbai Erstwhile NITIE Goes up at Rank #7
NITIE Mumbai, now IIM Mumbai, which was ranked #9 last year, has gone up by two places and is ranked #7 in NIRF Ranking 2023-Management. Registering a consistent growth since 2021, NITIE has leap frogged by 5 places from rank # 12 to #7 in 2023. All eye will be on IIM Mumbai, erstwhile NITIE, whether it is able to keep its Rank # 7 as IIM Mumbai in NIRF 2024
9.4 Second Generation IIM Raipur, IIM Rohtak, IIM Udaipur Go up by 3-6 Rank
IIM Raipur and IIM Raipur gave a surprise by gaining on 3 & 4 ranking positions. While IIM Raipur is ranked # 11 in 2023 from # 14 in 2022, IIM Rohtak has gone up at position # 12 in 2023 from rank # 16 in 2022. Similarly, IIM Udaipur had gone up by 6 places in NIRF Rankings 2023 and was awarded Rank #16 in NIRF Ranking 2023 from Rank # 22 last year. In NIRF 2024, all eye will be on these second generation IIMs whether they move up some places in ranking positions or would slip down.
9.5 Few PGDM B-Schools in Top 20?
Top PGDM B-schools offer industry relevant curriculum, use innovative & modern pedagogic tools which result in their high placements, yet Ministry of Education NIRF Management Ranking 2023 reflects that only 3 PGDM B-schools were ranked among top 20 B-Schools. While XLRI was ranked # 9, MDI Gurugram was ranked # 13 followed by SPJIMR Mumbai which is ranked # 20. However, there are 25 PGDM B-schools which are ranked among top 100 this year. In other top management rankings like MBAUniverse.com, Business Today, these PGDM B-schools are ranked among top 10 B-schools in India. All eye will be on the top PGDM B-schools in NIRF 2024 Ranking whether they still struggle to take top ranking positions or get elevated among top 5-10 B-schools.
9.6 Some IITs Lose Positions
IIT Madras which was ranked # 10 last year has gone down to Rank #15 in NIRF Rankings 2023, while IIT Kharagpur which was ranked # 12 last year, has lost its position and has gone down to Rank # 14. It remains to be seen whether the IITs gain their lost ground in NIRF Ranking 2024-Management.
9.7 Private Universities Offering MBA: Getting Upper Hand
Many private universities like Amity, Lovely Professional University and others where placement is way behind the Government University MBA colleges are ranked high in NIRF Ranking 2023. All eye will be on them whether they can hold to their Ranking positions or slip down.
10. NIRF Ranking 2024: Key Areas
Last year NIRF Ranking covered top institutes and universities of India in 13 key areas. It is expected that the NIRF Ranking 2024 will be released in the same areas namely, Overall Ranking of top Institutes and Universities; Top Universities; Top Colleges; Top Research Institutions; Top Engineering Institutes; Top Management Institutes; Top Pharmacy Institutes; Top Medical Colleges; Top Dental Institutes; Top Law Colleges & Universities; Top Architectural & Planning Institutes; Top Agricultural & Allied Sector Institutes; Top Institutes with Innovation
11. NIRF Management Ranking Methodology & Weightages
NIRF gives 60% weightage to Faculty and Research, while it offers only 20% weightage to Graduation Outcomes, where Placements/Salary is sub parameter. The parameters and weightages assigned by NIRF Management Rankings last year are as below:
NIRF Management Rankings: Parameters & Weightages
|
Sr. No.
|
Parameters
|
Ranking weight
|
|
1.
|
Teaching, Learning & Resources (TLR)
|
0.30
|
|
2.
|
Research and Professional Practice (RP)
|
0.30
|
|
3.
|
Graduation Outcomes (GO)
|
0.20
|
|
4.
|
Outreach and Inclusivity (OI)
|
0.10
|
|
5.
|
Perception (PR)
|
0.10
|
Source: NIRF
12. Impact of delay in Release in NIRF Ranking 2024
After the formation of Modi 3.0 Government at Centre on June 9, 2024 under the leadership of Prime Minister Narendra Modi, it was expected that the newly appointed Union Minister of Education will release the NIRF ranking in a few days. However, the same is yet to be released. The delay in release of NIRF ranking is making adverse impact both on B-schools and students as below:
Impact of Delay in NIRF Ranking Release on B-schools
The delay in release of NIRF Ranking 2024 has impacted adversely the B -schools. In last year rankings, there were many surprises as many top B-schools got elevated at higher ranking places while many top ones lost their well established ranking position. For example, IIM Kozhikode displaced IIM Calcutta from Rank# 3 to #4; IIM Mumbai, had gone up at Rank #7 from Rank #9. Such gainers would like to see them go up further or at least retain their ranking position in 2024 while those who lost have been waiting to see whether they have bounced back. IIT Madras which slided down to Rank # 15 from rank # 10; IIT Kharagpur which lost its 12th position and had gone down at Rank # 14 are anticipating a come back in the forthcoming NIRF Ranking 2024.
Besides, most of the top B schools had to complete their admission process as per the norms and have commenced their academic session after waiting for the release of NIRF Ranking 2024. IIMs, XLRI, MDI and other top B-schools have already commenced their academic session 2024-25.
Impact of Delay in NIRF Ranking Release on MBA Aspirants
MBA Aspirants who rely on NIRF Ranking Management while taking admission decisions, had to go by last year rankings, without knowing whether the B-school would go up in ranking places or would slide down. Since the B-schools have finalized their admission and the process has been closed, it is also difficult for the students to wait for long.
Like last year, this year again the NIRF 2024 Ranking-Management is expected to comprise of 125 top B-schools.
NIRF 2024 Management Ranking is the 9th edition of Ministry of Education NIRF Rankings. The first NIRF MBA Ranking was released on April 4, 2016 and since then the Ministry of Education NIRF Ranking was released in the month of April till 2019. In 2020 NIRF Rankings were released in June and NIRF Rankings 2021 Management were released in September 2021, NIRF MBA Rankings 2022 was released on July 15, 2022 and NIRF MBA Ranking 2023 was released on June 5, 2023. Every year NIRF Ranking surprises the management community with various top IIMs and other B-schools getting elevated displacing present B-schools or getting slipped down.
Stay tuned to MBAUniverse.com for more updates on National Institutional Ranking Framework (NIRF)
