MBA B-School Ranking

It is important to find the right B-School among the most aspired and reputed. One that offers an excellent track record, high quality education, and a pick at one of the best corporates.

To simplify your B-School selection process we have categorized India's top B-Schools into six clusters. The rundown of B-Schools in India can go on forever, be that as it may, we have attempted to constrain the categorization to the better and progressively known B-Schools.

As you proceed in the list from top to bottom, the level of differentiation between both the schools and the clusters significantly diminishes. When reviewing B-schools within a cluster, the preference generally diminishes as you read further from top to bottom. For example, in Cluster 1, while we cannot really differentiate between IIM A, B and C. IIMA tops the list based on its brand value and reputation and C comes in second place since its fees is the lowest amongst the three.

Before taking final admission into any of these B-schools, please ensure that you speak to some students of the current batch and a few of their alumni, and visit the official website of the respective institutes for detailed information.

Ranking Methodology of MBA institutes

Ranking methodology - The parameters basis which B-schools are evaluated and numerically ranked are as follows:

  • Placement records of the last three years
  • Infrastructure: school and learning environment
  • Faculty
  • Geographical location: proximity of B-schools to business hubs
  • Entrance exams applicable
  • Interaction with alumni
  • Interaction with Career Launcher students now studying at these B-schools
  • Career Launcher also visits these campuses as a recruiter, and the input from our HR team helps us evaluate these institutes better.

Top MBA Institutes in India

India is sprawling with quality B-schools, but some are better than others in a few aspects. While choosing a B-school, there are a few parameters that you should keep in mind, which include, its reputation, the alumni network, the faculty and of course the corporate connection it has. We have categorized India's top B-Schools into six clusters based on the above mentioned parameters which will help you select the ideal B-school that you want to target as your MBA destination. As we all know, there is no dearth of B-schools in India, but for this list, we have chosen only the most progressive and most reputed colleges in the country.

Disclaimer: While this list, designed on the predictions made by CL experts, serves as a guide for selecting a top-level B-school, do not constrain your research to this list only. We advise you to talk to some of the alumni members, go through the official website of the college and visit the campus if you can before taking admission in any of the below-mentioned institutes :

Top MBA Colleges Cluster 1
IIM Ahmedabad, Calcutta and Bengaluru have firmly cemented themselves as the best three B- schools in the country. They are unshakable from those positions due to their splendid placement records, unmatched reputation and endless opportunities. These institutes stand as crème de la crème institutes. FMS Delhi, IIM Lucknow and XLRI are all equally good and one can choose either of these based on one’s specific requirements. For candidates who have over 3 years of work experience, ISB Hyderabad could be a superb choice as it offers a one-year course and accepts GMAT scores for admission. However, if ROI is your priority then you should be looking at FMS, TISS and JBIMS as they stand out from the rest due to their exceptionally low fees.

1. Indian Institute of Management (IIM-A)

Official Website


2. Indian Institute of Management (IIM-C)

Official Website


3. Indian Institute of Management (IIM-B)

Official Website


4. Faculty of Management Studies (FMS) – Delhi University

Official website

New Delhi

5. Indian School of Business (ISB)

Official website


6. Xavier Labour Research Institute (XLRI)

Official Website


7. Indian Institute of Management (IIM-L)

Official Website


9. Jamnalal Bajaj Institute of Management Studies (JBIMS)

Official Website


10. Management Development Institute (MDI)

Official Website


11. SP Jain Institute of Management & Research (SPJIMR)

Official website


12. Tata Institute of Social Sciences (TISS)

Official Website


Top MBA Colleges: Cluster 2
Many other IIMs and non-IIM colleges are part of cluster 2. This cluster shows that some non-IIM institutes make their mark as better B-schools than most of the IIM colleges in terms of growth, learning and placements. IIFT Kolkata is also listed in cluster 2 along with IIFT Delhi because that they have common placements and hence there is no disparity among the two institutes. IIML ABM is preferred over IIMA FABM because while IIML does not differentiate between ABM and PGP in terms of placement opportunities, IIMA has a separate placement process for PGP and FABM. Most interesting is National Institute of Industrial Engineering (NITIE) renowned for its operations courses making its way in cluster 2.
* same ranking for the two institutes because of the common placements and almost the same set of faculty teaching at both campuses.
13. Indian Institute of Management (IIM-K) Kozhikode PGP
14. Indian Institute of Management (IIM-I) Indore PGPM
15*. Indian Institute of Foreign Trade (IIFT) New Delhi MBA
15*. Indian Institute of Foreign Trade (IIFT) Kolkata MBA
16. Indian Institute of Management (IIM-L) Lucknow ABM
17. Indian Institute of Management Shillong Shillong PGPM
18. Indian Institute of Technology Bombay – SJSOM Mumbai M. MANAGEMENT
19. Indian Institute of Management (IIM-A) Ahmedabad FABM
20. National Institute of Industrial Engineering (NITIE) Mumbai PGDIM
21. Indian Institute of Technology Delhi – DMS New Delhi MBA
Top MBA Colleges: Cluster 3

The new IIMs feature in this cluster. IIM Ranchi is seen to be gearing up as the HRM program by IIM Ranchi has been appreciated by the industry. IIM Udaipur has done exceedingly well in the last one year in building its reputation as a good B-school among the new IIMs. Its AACSB accreditation will helps its cause.
B-schools such as MICA and IRMA that offer specialized programs also find their spot in this cluster. It must be understood that in their specialization, these two B-schools are the best in the country. For example, MICA is regarded as one of the top most B-schools in country for its Marketing and Advertising program. NMIMS should be looked up for finance while SIBM for marketing and HR.

For candidates with over 2 years of work experience Great Lakes Chennai 1 year program (PGPM) can be considered over others as it has excellent industry recognition, while also keeping in mind distance learning courses from IGNOU and Annamalai University as options. In this cluster the IITs can be preferred over the others due to their low fee and good placements. *same ranking for the three institutes as the placements are at par and all three have similar location benefits and are at parity with each other.

22. Indian Institute of Management Ranchi Ranchi PGDM
23. Indian Institute of Management Udaipur Udaipur PGP
24. Indian Institute of Management Trichy Trichy PGPM
25*. Symbiosis Institute of Business Management (SIBM) Pune MBA
25*. Symbiosis Centre for Management and HRD (SCMHRD) Pune MBA
25*. Narsee Monjee Institute of Management Studies (NMIMS) Mumbai Core
26. Management Development Institute (MDI) Gurgaon PGPM HRM
27. Indian Institute of Management Raipur Raipur PGP
28. Indian Institute of Management Rohtak Rohtak PGP
29. Indian Institute of Management Kashipur Kashipur PGP
30. Mudra Institute of Communications Ahmedabad (MICA) Ahmedabad PGDM-C
31. Xavier Labour Research Institute (XLRI) Jamshedpur Global MBA
32. Institute of Management Technology (IMT) Ghaziabad PGDM
33. Indian Institute of Management Ranchi Ranchi PGDHRM
34. International Management Institute (IMI) Delhi PGDM
35. Indian Institute of Technology Kharagpur – VGSOM Kharagpur MBA
36. Institute of Rural Management (IRMA) Anand (Gujarat) PGPRM
37. Great Lakes Institute of Management (GLIM) Chennai PGPM
38. Xavier Institute of Management (XIMB) Bhubaneshwar MBA BM
39. Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) Mumbai PGDBM
40. Management Development Institute (MDI) Gurgaon PGPM IM
41. Indian Institute of Technology Madras – DMS Chennai MBA
Top MBA Colleges: Cluster 4
The highlights of this cluster are B-schools like IMI Delhi, XIMB, KJ Somaiya, TAPMI which are ranked on the basis of quality opportunities and location. These colleges are equally good based on their past records. In terms of ROI the best institutes in this cluster are MFC, DU and MSc Finance JBIMS followed by NITIE and the IITs.
42. T A Pai Management Institute (TAPMI) Manipal PGDM
43. Indian Institute of Management (IIM-V) Vishakhapatnam PGP
44. Indian Institute of Management (IIM-N) Nagpur PGP
45. Indian Institute of Management (IIM-Amritsar) Amritsar PGP
46. Indian Institute of Technology Kanpur – DMS Kanpur MBA
47. Masters in International Business (MIB) Delhi School of Economics DU Delhi MIB
48. Master of Human Resource and Organisational Development (MHROD) Delhi School of Economics DU Delhi MHROD
49. Master of Finance & Control (MFC), DU Delhi MBA Fin
50. Jamnalal Bajaj Institute of Management Studies Mumbai MSc Finance
51.Indian Institute of Management (IIM-S) Sirmaur PGP
52.Indian Institute of Management (IIM-J) Jammu PGP
53. National Institute of Industrial Engineering (NITIE) Mumbai PGDISEM
54. Indian Institute of Science (IISc) Bengaluru M.Mmgt (Tech Mgmt& Biz Analytics)
55. Indian Institute of Technology Roorkee – DMS Roorkee MBA
56. Narsee Monjee Institute of Management Studies Mumbai MBA HR
57. Xavier Institute of Management (XIMB) Bhubaneshwar MBA HRM
58. Indian Institute of Management (IIM-L) Lucknow (Noida) SM
59. Symbiosis Institute of International Business (SIIB) Pune MBA IB
60. K J Somaiya Institute of Management Studies & Research (SIMSR) Mumbai PGDM, IB, FM
61. Goa Institute of Management (GIM) Goa PGDM
62. Bharathidasan Institute of Management (BIM) Tiruchirapally MBA
63. Master of Business Economics (MBE), Department of Business Economics, DU Delhi MBE
64. Loyola Institute of Business Administration (LIBA) Chennai PGDM
65. FORE School of Management New Delhi PGDM, IB
Top MBA Colleges: Cluster 5
Apart from the ones mentioned above, even other colleges are not far behind. Many aspirants who are unable to crack CAT with good score can definitely think of taking up any of these colleges. The final choice is made based on preferences and the requirements of the candidate. Also, Bennett & Coleman Group’s Benenett University finds its way in this cluster right in the first year of its inception. This is majorly because for its first batch, Bennett had assured a package of at least 7.5 LPA, for every student, at any of the companies of the Times Group. This kind of a placement guarantee helps it in getting to Cluster 5.
66. Narsee Monjee Institute of Management Studies (NMIMS) Bengaluru PGDM
67. BITS Pilani, Department of Management Pilani MBA
68. Delhi School of Management – Delhi Technological University (DTU) Delhi MBA
69. Nirma University – Institute of Management (IMNU) Ahmedabad MBA
70. Lal Bahadur Shastri Institute of Management (LBS) Delhi PGDM, Finance
71. Institute of Financial Management & Research (IFMR) Chennai PGDM, PGDM-WE
72. Symbiosis Institute of Business Management (SIBM) Bengaluru MBA
73. Symbiosis Institute of Operations Management (SIOM) NASIK MBA Ops
74. International Management Institute (IMI) Delhi PGDHRM
75. Symbiosis Institute of Telecom Management (SITM) Pune MBA
76. Bennett University Greater Noida MBA
77. Symbiosis Institute of Management Studies (SIMS) Pune MBA
78. Great Lakes Institute of Management (GLIM) Chennai PGDM
79. Symbiosis Institute of Mass Communication (SIMC) Pune MBA CM
80. ITM Mumbai PGDM
81. TAPMI School of Business, Manipal University Jaipur MBA
82. UPES Dehradun MBA
83. Indian Institute of Forest Management (IIFM) Bhopal PGDFM
84. Faculty of Management Studies, Banaras Hindu University (FMS BHU) Varanasi MBA MBA IB
85.IFIM Business School Bengaluru PGDM
86. Great Lakes Institute of Management (GLIM) Gurgaon PGPM 1 year
87. SDA Bocconi Asia Center Mumbai PGD in IMB
88. IILM University Gurgaon PGDM
89. Vanguard Business School Bengaluru MBA
90. University Business School (UBS) Chandigarh MBA
91. PUMBA (University of Pune) Pune MMS
Top MBA Colleges: Cluster 6
92. International Management Institute (IMI) Kolkata PGDM
93. Institute of Management Technology (IMT) Ghaziabad DCP
94. International Management Institute (IMI) Delhi PGDM B&I
95. GD Goenka University Gurgaon MBA
96. SOIL Institute of Management Gurgaon MBA
97. Pandit Deendayal Petroleum University Gandhinagar MBA
98. Nirma Ahmedabad MBA
99. International School of Business & Media Pune PGDM
100. Woxsen School of Business Hyderabad PGDM
101. National Institute of Bank Management Pune PGDM B & FS
102.  Xavier Institute of Management & Entrepreneurship (XIME) Bengaluru PGDM
103. Welingkar Institute of Management Mumbai MMS, PGDM
104. Management Development Institute (MDI) Murshidabad PGP
105. Institute of Management Technology (IMT) Hyderabad PGDM
106. Birla Institute of Management Technology (BIM Tech) Noida PGDM/PGDM (International Business)
107. International School of Business & Research Bangalore MBA/PGDM
108. SDM Institute for Management Development (SDMIMD) Mysore PGDM
109. Narsee Monjee Institute of Management Studies (NMIMS) Hyderabad PGDM
110. Institute of Management and Technology IMT – Nagpur Nagpur PGDM
111. Symbiosis Institute of Business Management- Hyderabad Hyderabad MBA
112. Universal Business School Karjat MBA
113. Xavier Institute of Social Service (XISS) Ranchi PM
114. Symbiosis Centre for Management and HRD (SCMHRD) Pune MBA-IM
115. Symbiosis Institute of International Business (SIIB) Pune MBA AB, MBA E&E
116. K.J.Somaiya Institute of Management Studies & Research (SIMSR) Mumbai PGDM – Retail Management
117. Shri Ram College of Commerce Global Business Operations (SRCC GBO), DU Delhi GBO
118. Great Lakes Institute of Management (GLIM) Gurgaon PGPME
119. BML Munjal University Gurgaon MBA
120. Symbiosis Institute of Computer Studies and Research (SICSR) Pune MBA-IT
121. Symbiosis Center for Information Technology Pune MBA-ITBM
122. ICFAI Business School Hyderabad MBA/PGPM
123. Xavier Institute of Management (XIMB) Bhubaneswar MBA – Rural Management
124. Xavier Institute of Social Service (XISS) Ranchi Marketing & Finance
125.Kirloskar Institute of Advanced Management Studies Harihar and Pune PGDM
126. Xavier Institute of Management & Entrepreneurship (XIME) Kochi PGDM
127.Symbiosis Institute of Health Services (SIHS) Pune MBA
128.Symbiosis Institute of Banking and Finance (SSBF) Pune MBA BF, PGDBF
129. National Insurance Academy Pune PGDM
130. National Power Training Institute Faridabad MBA (Power Management)
131. Symbiosis University of Applied  Sciences Indore MBA
132. Presidency University Bangalore MBA
133. Chetana’s Ram Prasad Khandelwal Institute of Management & Research Mumbai MMS, MFM,MMM
134. Fortune Institute of International Business (FIIB) Delhi PGDM
135. KIAMS Pune PGDM
136. Ramaiah Institute of Management Studies Bengaluru PGDM
137. ISME Bangalore PGDM
138. Indus Business Academy (IBA) Bangalore MBA
139. Siva Sivani Hyderabad PGDM
140. IPE Hyderabad Hyderabad PGDM
141. Jagran Lakecity University Bhopal MBA
142. GIBS Bangalore MBA
143. DMI Patna PGDM
144. EMPI Delhi PGDM
145. CBS Kolkata PGDM
146. LPU Chandigarh MBA
147. Krupanidhi School of Management Bangalore MBA
148. World University of Design Haryana MBA in Design Strategy and Management
149. Glocal Saharanpur MBA
150. Doon Business School Dehradun MBA
151. Quantum Dehradun MBA
152. Galgotia University Greater Noida MBA
153. Shiv Nadar University Greater Noida MBA
154. Indian Institute of Social Welfare and Business Management (IISWBM) Kolkata MBA
155. Xavier Institute of Management & Research Mumbai PGDM
156. Institute of Management Studies Noida PGDM
157. Amity University Noida MBA
158. Llyod Institute of Management Studies Greater Noida MBA
159. PES University Bengaluru MBA
160. ISBR Business School Bangalore MBA/PGDM
161. Alliance school of business Bengaluru MBA
162. Indira School of Business Studies Pune MBA, PGDM
163. Christ University Bengaluru MBA
164. ITM Business School Navi Mumbai PGDM/MBA
165. Accurate Institute of Management and Technology Greater Noida MBA, PGDM
166. RayatBahra Institute of Management Mohali MBA
167. New Delhi Institute of Management (NDIM) New Delhi PGDM
168. Asian Business School Noida MBA/PGDM
169. Asia Pacific Business School New Delhi MBA/PGDM
170. Jindal Global University Sonipat MBA
171. University of Petroleum & Energy Studies Dehradun MBA
172. Taxila Jaipur PGDM
173. Ansal University Gurgaon MBA
174. Manav Rachna University Faridabad MBA
175. Delhi School of Business New Delhi PGDM
176. TAPMI SOB Jaipur MBA
177. North Cap University Gurgaon MBA
178. Apeejay Stya Gurgaon MBA
179. NL Dalmia Institute of Management Studies and Research Mumbai PGDM
180. International Institute of Management Studies (Sai Balaji Education Society) Pune PGDM
181. FLAME University Pune MBA
182. FOSTIIMA Business School Delhi PGDM
183. SIES Mumbai PGDM
184. NIA SOM Pune PGDM (Insurance)
185. Amrita Vishwa Vidyapeetham Coimbatore MBA
186. BIMM Pune PGDM
187. Army Institute of Management Kolkata MBA
188. Acharya Bangalore Business School Bangalore  MBA
189. KIIT Odisha MBA
190. Mody University Rajasthan MBA
191. GITAM University Visakhapatnam MBA
192. Firebird Institute of Research in Management TAMILNADU MBA
193. Greater Noida Institute of Technology (GNIOT) Greater Noida PGDM
194. Graphic Era University Dehradun MBA
195. BITS School of Management Mumbai MBA