MBA B-Schools: Ranking to Simplify Your Process

It is important to find the right B-School for you as an aspirant. The B-School you choose has to offer an excellent track record, high-quality education, and opportunities to join some of the best corporations. 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 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 are 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.

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

The parameters basis which B-schools are evaluated and listed below.

  • 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 take admission in any of the below-mentioned institutes.

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 1

Undoubtedly, like every year IIM Ahmedabad, Bengaluru and Calcutta acquire the top three positions in the best B-schools’ preference list. With an excellent placement record, great 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 any of these based on one’s specific requirements. 

If you are a candidate with over 3 years of work experience then you should be looking at ISB Hyderabad which offers a one-year course and accepts a GMAT score for admission. FMS DU, TISS, and JBIMS stand out in terms of excellent “value for money” institutes due to their very low fee and excellent placements however the 85% reservation for Maharashtra pushes JBIMS lower in my order of preference. 

TISS is a little lower on the list but that’s mostly because it is a specialized program. A general management program is generally preferred (over specialized programs) as it allows you to choose your area of specialization after studying all subjects in the first year. However, if you are interested in a particular stream (in this case HR) then it would rank higher for you. For e.g., if you are looking for a specialization in HR then XLRI and TISS would be your preferences.

1

1A

Indian Institute of Management (IIM-A)

Ahmedabad

PGP

2

1A

Indian Institute of Management (IIM-B)

Bengaluru

PGP

3

1A

Indian Institute of Management (IIM-C)

Kolkata

PGDM

4

1B

Indian Institute of Management (IIM-L)

Lucknow

PGPM

5

1B

Faculty of Management Studies (FMS) – DU

New Delhi

MBA

6

1B

Indian School of Business (ISB)

Hyderabad

PGP

7

1B

Xavier Labour Research Institute (XLRI)

Jamshedpur

HRM

8

1B

Xavier Labour Research Institute (XLRI)

Jamshedpur

BM

9

1B

Tata Institute of Social Sciences (TISS)

Mumbai

MA HRM LR

10

1B

Jamnalal Bajaj Institute of Management Studies (JBIMS)

Mumbai

MMS

11

1C

SP Jain Institute of Management & Research (SPJIMR)

Mumbai

PGDM

12

1C

Indian Institute of Management (IIM-K)

Kozhikode

PGP

14

1C

Indian Institute of Management (IIM-I)

Indore

PGPM

11

1C

Management Development Institute (MDI)

Gurgaon

PGPM

15

1C

Indian Institute of Foreign Trade (IIFT)

New Delhi

MBA

16

1C

Xavier Labour Research Institute (XLRI)

NCR

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 2

Many other IIMs and non-IIM colleges are part of cluster 2. This cluster shows that some non-IIMs make their mark as better B-schools than most of the IIM colleges in terms of growth, learning, and placements. IIFT Kolkata is listed in cluster 2A above many other older and more established institutes because it has a common placement process with IIFT Delhi and hence there is no disparity among the two institutes. 

Similarly, 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. Three well-known technical institutes (IIT Bombay/Delhi and NITIE) make their presence felt in this cluster, all three are well-known MBA in Operations/Systems/Analytics. The IB programs of MDI Gurgaon are in this cluster and not in Cluster 1 due to cost considerations. Several of the new IIMs like IIM Ranchi, Udaipur, etc. are also appearing on this list.

17

2A

Indian Institute of Management (IIM-L)

Lucknow

PGP ABM

18

2A

Indian Institute of Foreign Trade (IIFT)

Kolkata

MBA

19

2A

Indian Institute of Technology Bombay – SJSOM

Mumbai

M. Management

20

2A

National Institute of Industrial Engineering (NITIE)

Mumbai

PGDIM

21

2A

Indian Institute of Management Shillong

Shillong

PGPM

22

2B

Indian Institute of Management (IIM-A)

Ahmedabad

PGP FABM

23

2B

Indian Institute of Technology Delhi – DMS

New Delhi

MBA

24

2B

Development Institute (MDI)

Gurgaon

PGPM HRM

25

2B

Development Institute (MDI)

Gurgaon

PGPM IM

26

2C

National Institute of Industrial Engineering (NITIE)

Mumbai

PGDISEM

27

2C

Symbiosis Institute of Business Management (SIBM)

Pune

MBA

28

2C

Institute of Management Ranchi

Ranchi

PGDM

29

2C

Institute of Management Trichy

Tiruchirapalli

PGPM

30

2C

Institute of Management Udaipur

Udaipur

PGP

31

2C

Narsee Monjee Institute of Management Studies (NMIMS)

Mumbai

Core

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 3

B-schools such as MICA and IRMA that offer specialized programs find their spot in this cluster. It must be understood that in their specialization, these two B-schools are amongst the best in the country. For example, MICA is regarded as one of the topmost B-schools in the country for its Marketing and Advertising program. Two old-established good institutes in this cluster are XIMB and IMT Ghaziabad, both provide excellent placement opportunities. For candidates with over 2 years of work experience, the Great Lakes Chennai 1 year program (PGPM) can be considered over others despite a lack of AICTE recognition as it has excellent placements due to industry recognition. In this cluster, the IITs can be preferred over the others due to their low fee and good placements especially if you are interested in specializing in operations/systems/analytics.

32

3A

Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA

33

3A

Institute of Management Raipur

Raipur

PGP

34

3A

Indian Institute of Management Kashipur

Kashipur

PGP

35

3A

Indian Institute of Management Rohtak

Rohtak

PGP

36

3B

Institute of Technology Kharagpur – VGSOM

Kharagpur

MBA

37

3B

Mudra Institute of Communications Ahmedabad (MICA)

Ahmedabad

PGDM-C

38

3B

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA BM

39

3B

Xavier Labour Research Institute (XLRI)

Jamshedpur

Global MBA

40

3C

Indian Institute of Management Ranchi

Ranchi

PGDHRM

41

3C

Institute of Management Technology (IMT)

Ghaziabad

PGDM

42

3C

International Management Institute (IMI)

New Delhi

PGDM

43

3C

Institute of Rural Management (IRMA)

Anand

PGPRM

44

3C

Sydenham Institute of Management Studies (SIMSREE)

Mumbai

PGDBM

45

3C

Great Lakes Institute of Management (GLIM)

Chennai

PGPM – 1 year

46

3C

Indian Institute of Technology Madras – DMS

Chennai

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 4

Highlights of this cluster are the old established institutes (TAPMI, GIM, KJ Somaiya, BIM Trichy, etc) which are well known regionally, and the latest IIMs like Vizag, Nagpur, and others.

This cluster also has specialized programs of some of the top MBA institutes (PGDISEM of NITIE, MSc Finance of JBIMS, HR programs of NMIMS and XIMB, etc.) and the value for money MBA programs of Delhi University (MFC, MHROD, MBE).

47

4A

T A Pai Management Institute (TAPMI)

Manipal

PGDM

48

4A

Indian Institute of Management (IIM-V)

Vishakhapatnam

PGP

49

4A

Indian Institute of Management (IIM-N)

Nagpur

PGP

50

4A

Jamnalal Bajaj Institute of Management Studies

Mumbai

MSc Finance

51

4A

National Institute of Industrial Engineering (NITIE)

Mumbai

PGDISEM

52

4A

Indian Institute of Science (IISc)

Bengaluru

M.Mmgt (Tech Mgmt)

53

4A

Indian Institute of Management (IIM-Amritsar)

Amritsar

PGP

54

4A

Indian Institute of Technology Kanpur – DMS

Kanpur

MBA

55

4A

Narsee Monjee Institute of Management Studies

Mumbai

MBA HR

56

4A

Master of Finance & Control (MFC), DU

New Delhi

MBA Fin

57

4A

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA HRM

58

4B

Master of HR and Organisational Development, DSE, Delhi Univ.

New Delhi

MHROD

59

4B

Indian Institute of Management (IIM-Bodh Gaya)

Bodh Gaya

PGP

60

4B

Indian Institute of Management (IIM-J)

Jammu

PGP

61

4B

Indian Institute of Technology Roorkee – DMS/p>

Roorkee

MBA

62

4B

Goa Institute of Management (GIM)

Goa

PGDM

63

4B

Symbiosis Institute of International Business (SIIB)

Pune

MBA IB

64

4B

K J Somaiya Institute of Management Studies & Research (SIMSR)

Mumbai

PGDM, IB, FM, Retail

65

4B

Bharathidasan Institute of Management (BIM)

Tiruchirapalli

MBA

66

4B

BITS Pilani, Department of Management

Pilani

MBA

67

4B

Indian Institute of Management (IIM-S)

Sirmaur

PGP

68

4C

Indian Institute of Management (IIM-L)

Greater Noida

PGP SM

69

4C

Indian Institute of Management (IIM-Sambalpur)

Sambalpur

PGP

70

4C

Department of Business Economics, Delhi University

New Delhi

BE

71

4C

University of Petroleum and Energy Studies

Dehradun

MBA

72

4C

Athena School Of Management

Mumbai

MBA

73

4C

Loyola Institute of Business Administration (LIBA)

Chennai

PGDM

74

4C

FORE School of Management

New Delhi

PGDM, IB

75

4C

SHARDA UNIVERSITY

Greater Noida

MBA

76

4C

Graphic Era University

Dehradun

MBA

77

4C

GNIOT Group of Institutions (GNIOT)

Greater Noida

PGDM

78

4C

ISBR Business School

Bangalore

MBA

79

4C

Firebird Institute of Research in Management

TAMILNADU

PGDM

80

4C

Amity University

(Gurgaon, Gwalior, Jaipur, Lucknow, Mumbai, Raipur)

MBA

81

4C

Jagan Institute of Management Studies

Delhi

PGDM

82

4C

Xavier Institute of Management & Entrepreneurship

Bangalore

MBA

83

4C

Mody University

Rajasthan

MBA

84

4C

Mody University

Andhra Pradesh

MBA

85

4C

Mody University

Andhra Pradesh

MBA

S.No.

Sub-Cluster

Institute

City

Program

CLUSTER – 5 & 6

If you have not made it to any institute up to Cluster 4 and CAT/XAT retake is not an option or you think that in a retake you will not be able to improve your score significantly then it is Cluster 5 and 6 institutes that you are looking at. The institutes included in these two clusters provide good education and decent career opportunities the role profiles and salary levels will be lower than what would be available in a higher cluster institute. For these colleges location is an important criterion – an institute in a metro city is likely to have better industry interaction and better placement opportunities. 

Also at this level, the majority of the placements are in the same geographical region, e.g. if you are studying in NCR you are unlikely to be placed outside North India. Also given that the salary levels will not be very high, look at keeping the total expense of doing MBA (fee + boarding & lodging) under control. Servicing a 20-lakh loan will be challenging with an 8 lakh salary.

86

5A

Delhi School of Management – Delhi Technological University (DTU)

New Delhi

MBA

87

5A

Nirma University – Institute of Management (IMNU)

Ahmedabad

MBA

88

5A

Narsee Monjee Institute of Management Studies (NMIMS)

Bengaluru

PGDM

89

5B

Lal Bahadur Shastri Institute of Management (LBS)

New Delhi

PGDM, Finance

90

5B

Institute of Financial Management & Research (IFMR)

Chennai

PGDM, PGDM-WE

91

5B

Symbiosis Institute of Business Management (SIBM)

Bengaluru

MBA

92

5B

Symbiosis Institute of Operations Management (SIOM)

Nasik

MBA Ops

93

5B

International Management Institute (IMI)

New Delhi

PGDHRM

94

5B

Symbiosis Institute of Telecom Management (SITM)

Pune

MBA

95

5B

Symbiosis Institute of Management Studies (SIMS)

Pune

MBA

96

5B

Symbiosis Institute of Mass Communication (SIMC)

Pune

MBA CM

97

5C

Great Lakes Institute of Management (GLIM)

Chennai

PGDM

98

5C

TAPMI School of Business, Manipal University

Jaipur

MBA

99

5C

Great Lakes Institute of Management (GLIM)

Gurgaon

PGPM 1 year

100

5C

International Management Institute (IMI)

Kolkata

PGDM

101

5C

Institute of Management Technology (IMT)

New Delhi

DCP

102

5C

International Management Institute (IMI)

New Delhi

PGDM BFS

103

5C

SOIL Institute of Management

Gurgaon

MBA

104

5C

National Institute of Bank Management

Pune

PGDM B & FS

105

5C

Welingkar Institute of Management

Mumbai

MMS, PGDM

106

5C

Management Development Institute (MDI)

Murshidabad

PGP

107

5C

Birla Institute of Management Technology (BIM Tech)

Greater Noida

PGDM, IB

108

5C

Shri Ram College of Commerce (SRCC GBO), Delhi Univ.

New Delhi

GBO

109

6A

International School of Business & Media/p>

Pune

PGDM

110

6A

Xavier Institute of Management & Entrepreneurship (XIME)

Bengaluru

PGDM

111

6A

Narsee Monjee Institute of Management Studies (NMIMS)

Hyderabad

PGDM

112

6A

Symbiosis Institute of International Business (SIIB)

Pune

MBA AB, MBA E&E

113

6A

Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA-IM

113

6A

Symbiosis Center for Information Technology

Pune

MBA-ITBM

114

6A

Institute of Management Technology (IMT)

Hyderabad

PGDM

115

6A

Great Lakes Institute of Management (GLIM)

Gurgaon

PGPME

116

6B

Indian Institute of Forest Management (IIFM)

Bhopal

PGDFM

117

6B

Faculty of Management Studies, BHU (FMS BHU)

Varanasi

MBA MBA IB

118

6B

SDM Institute for Management Development (SDMIMD)

Mysore

PGDM

119

6B

Institute of Management and Technology IMT – Nagpur

Nagpur

PGDM

120

6B

ICFAI Business School

Hyderabad

MBA/PGPM

121

6B

Xavier Institute of Social Service (XISS)

Ranchi

HR

122

6B

NL Dalmia Institute of Management Studies and Research

Mumbai

PGDM

123

6C

University Business School (UBS)

Chandigarh

MBA

124

6C

Symbiosis Institute of Business Management- Hyderabad

Hyderabad

MBA

125

6C

BML Munjal University

Gurgaon

MBA

126

6C

Symbiosis Institute of Computer Studies and Research (SICSR)

Pune

MBA-IT

127

6C

Xavier Institute of Management (XIMB)

Bhubaneswar

MBA – Rural Mgmt

128

6C

Xavier Institute of Social Service (XISS)

Ranchi

Marketing & Finance

129

6C

Kirloskar Institute of Advanced Management Studies

Harihar and Pune

PGDM

130

6C

Xavier Institute of Management & Entrepreneurship (XIME)

Kochi

PGDM

131

6C

Symbiosis Institute of Health Services (SIHS)

Pune

MBA

132

6C

Symbiosis Institute of Banking and Finance (SSBF)

Pune

MBA BF, PGDBF