Choosing the right MBA course and MBA college is a crucial step. It is as critical as preparing for the MBA entrance exams. Three questions that MBA aspirants face are –
- Is it a good b-school?
- Is this the best option I have?
- Is there a better option available?
Let us take you through some important Ranking of MBA Colleges in India.
While “good” “better” “best” are non-quantifiable, a standard benchmark helps make a conclusive decision. B-school rankings attempt to measure the performance of a college on different parameters. This helps students compare different b-schools. It helps construe what it offers and if it checks all the right boxes. An idea checklist includes –
- Curriculum & Pedagogy
- Corporate Exposure
- Faculty
- Placements
- Campus Facilities
- Alumni Base
- Brand Value
MBA Rankings 2021: Basis of B-school Rankings
There are dedicated government, public, and private agencies that work on a methodological framework of metrics. The terminology may vary, but underlying parameters are similar. B-school rankings are based on two fundamental points –
- Opinions
Opinion-based rankings are volatile and subjective. Decisions are based on opinions gathered from –
- Academic Experts
- Alumni
- Recruiters / Employers
- Students – Existing and Prospective
- Facts
Fact-based are data-driven rankings. Agencies set standardized forms that MBA institutes need to fill. Based on the information or data shared by the respective b-schools, they are graded and marked.
MBA Rankings 2022: Different B-school Rankings
|
Conducting Body / Agency |
Rankings |
Parameters |
|
Government of India, HRD Ministry |
National Institutional Ranking Framework (NIRF) B-school Rankings
|
|
|
Outlook Magazine |
Outlook ICARE India MBA Rankings |
|
|
Optimal Media Solutions in partnership with Market Xcel Matrix |
Times B-school Top 100 Management Institutes Rankings |
|
|
Business Today Magazine |
Business Today India’s Best B-schools |
|
Some popular international rankings are:
- QS World University Rankings: Global MBA Rankings - Click here
- FT Global MBA Ranking 2020 - Click here
- The Economist Full time MBA ranking - Click here
National Institutional Ranking Framework (NIRF) B-school Rankings 2021
The first National Institutional Ranking Framework (NIRF) MBA Rankings were published in 2016. The NIRF rankings are approved and released by the Government of India’s Ministry of Human Resource Development (MHRD). The NIRF MBA rankings are out in April each year. Due to the current COVID-19 pandemic, the NIRF 2022 rankings Will be out in Aug.
The research methodology behind NIRF MBA rankings is perception and facts based. However, higher weightage is given to the teaching and research aspects of the institute. Below are the NIRF MBA Rankings 2021:
|
Rank |
Name of the B-School |
Score (out of 100) |
|
1 |
83.35 |
|
|
2 |
82.62 |
|
|
3 |
78.64 |
|
|
4 |
75.10 |
|
|
5 |
Indian Institute of Management Kozhikode |
74.74 |
|
6 |
Indian Institute of Management, Lucknow |
74.55 |
|
7 |
Indian Institute of Management Indore |
70.66 |
|
8 |
Xavier Labour Relations Institute (XLRI), Jamshedpur |
69.67 |
|
9 |
National Institute of Industrial Engineering, Mumbai |
68.84 |
|
10 |
Indian Institute of Technology Madras |
66.60 |
|
11 |
Indian Institute of Technology, Bombay |
66.24 |
|
12 |
Indian Institute of Technology, Kharagpur |
66.15 |
|
13 |
Management Development Institute |
64.70 |
|
14 |
Indian Institute of Management Raipur |
63.57 |
|
15 |
Indian Institute of Management Ranchi |
62.33 |
|
16 |
Indian Institute of Management Rohtak |
62.20 |
|
17 |
Symbiosis Institute of Business Management |
61.97 |
|
18 |
Indian Institute of Management Tiruchirappalli |
61.88 |
|
19 |
Indian Institute of Technology, Roorkee |
61.76 |
| 20 | Indian Institute of Technology Kanpur | 61.20 |
Click here to read more.
Business Today MBA Rankings
Business Today is a prestigious b-school ranking. Business Today rankings are also partly opinion and partly fact-based. A higher weightage is given to the perception – future orientation and living & learning experience. Business schools are ranked on an overall score of 1000. The last Business Today MBA rankings 2020 were released in November 2019. The top 20 schools are:
|
Rank |
INSTITUTION |
OVERALL SCORE |
|
1 |
Indian Institute of Management Ahmedabad |
889.6 |
|
2 |
Indian Institute of Management Calcutta |
888.1 |
|
3 |
Xavier Labour Relations Institute (XLRI), Jamshedpur |
853.4 |
|
4 |
SP Jain Institute of Management & Research, Mumbai |
850.2 |
|
5 |
Indian Institute of Management Indore |
827.3 |
|
6 |
807.4 |
|
|
7 |
Indian Institute of Management Kozhikode |
801.3 |
|
8 |
Faculty of Management Studies, University of Delhi |
774.5 |
|
9 |
SVKM's NMIMS School of Business Management, Mumbai |
774.1 |
|
10 |
Indian Institute of Foreign Trade, New Delhi |
767.3 |
|
11 |
National Institute of Industrial Engineering, Mumbai |
749.9 |
|
12 |
744.7 |
|
|
13 |
International Management Institute, Delhi |
743.7 |
|
14 |
Indian Institute of Management Shillong |
741.8 |
|
15 |
Symbiosis Institute of Business Management, Pune |
741.7 |
|
16 |
Indian Institute of Management Tiruchirappalli |
738.8 |
|
17 |
Department of Management Studies, Delhi |
737.4 |
|
18 |
Great Lakes Institute of Management, Chennai |
737.1 |
|
19 |
737 |
|
|
20 |
Xavier Institute of Management, Bhubaneswar |
736.3 |
Click here to read more.
Outlook MBA Rankings
The Outlook ICARE India MBA Rankings are also based on perception and facts. A higher weightage is given to the perception aspect. Each parameter is calculated out of 100. The overall score is the weighted average out of 100. The Outlook ICARE India MBA Rankings 2020 was published in October 2019. The top 20 schools are:
|
Rank |
INSTITUTION |
OVERALL SCORE |
|
1 |
Indian Institute of Management Bangalore |
91.77 |
|
2 |
Indian Institute of Management Ahmedabad |
91.2 |
|
3 |
Indian Institute of Management Calcutta |
89.85 |
|
4 |
Indian Institute of Management Indore |
88.25 |
|
5 |
Indian Institute of Management Lucknow |
87.96 |
|
6 |
Indian Institute of Management Kozhikode |
85.86 |
|
7 |
Indian Institute of Management Tiruchirappalli |
78.53 |
|
8 |
Indian Institute of Management Udaipur |
77.16 |
|
9 |
Indian Institute of Management Raipur |
74.14 |
|
10 |
Indian Institute of Management Shillong |
70.76 |
|
11 |
Indian Institute of Management Rohtak |
69.32 |
|
12 |
Faculty of Management Studies, University of Delhi |
68.29 |
|
13 |
Indian Institute of Management Kashipur |
67.72 |
|
14 |
Jamnalal Bajaj Institute of Management Studies |
67.31 |
|
14 |
Indian Institute of Management Ranchi |
67.31 |
|
15 |
Indian Institute of Foreign Trade |
66.01 |
|
16 |
National Institute of Industrial Engineering |
62.85 |
|
17 |
Anna University |
62.11 |
|
18 |
Panjab University |
56.98 |
|
19 |
Guru Gobind Singh Indraprastha University |
49.57 |
|
20 |
Indian Institute of Forest Management |
48.35 |
Click here to read more.
Times B-School Top 100 B-Schools
The Times B-school Survey includes full time management courses - including two-year courses in India. The research is conducted in three modules covering objective and perceptual study - Desk Research, Factual survey & Perceptual Rating survey. The top 20 schools in the Times B-school Top 100 Management Institutes Rankings 2020 are:
|
RANK |
INSTITUTE / B SCHOOL |
|
1 |
Indian Institute of Management, Shillong |
|
2 |
Indian Institute of Management (IIM), Raipur |
|
3 |
Indian Institute of Management, Udaipur |
|
4 |
Institute of Management Technology, Ghaziabad |
|
5 |
K.J. Somaiya Institute of Management Studies and Research, Mumbai |
|
6 |
Management Development Institute, Gurugram, Haryana |
|
7 |
Amity Business School, Amity University, Noida |
|
8 |
Indian Institute of Management, Kashipur |
|
9 |
Vinod Gupta School of Management-IIT Kharagpur, West Bengal |
|
10 |
Symbiosis Institute of Business Management, Pune |
|
11 |
Sri Balaji Society, Pune (BIMHRD, BIIB, BIMM,BITM) |
|
12 |
Rajagiri Centre for Business Studies, Cochin |
|
13 |
Symbiosis Centre For Management and Human Resource Development, Pune |
|
14 |
Institute of Management Studies (IMS), Ghaziabad |
|
15 |
Institute of Rural Management Anand (IRMA) , Anand |
|
16 |
Institute of Management - Nirma University, Ahmedabad |
|
17 |
|
|
18 |
International School of Business & Media (ISB&M), Pune |
|
18 |
Faculty of Management Studies, Manav Rachna International Institute of Research & Studies, (MRIIRS), Faridabad |
|
19 |
Apeejay School of Management, Delhi |
|
20 |
Institute of Public Enterprise, Hyderabad |
Click here to read more.
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