B-school Ranking – Top 50 MBA institutes in India

B-school Ranking – Top 50 MBA institutes in India

January 10, 2018 CAT college selection IIFT MBA MBA entrance MBA entrance exam NMAT XAT XIMB XLRI 0

Cubix B school ranking

India is home to more than 5500 B-schools offering the coveted Masters of Business Administration program. A significant number of those schools boast of offering great quality management education and great placements. The majority of these boastful claims are just limited to being boastful claims having no value to it. However there are a few schools which can offer the correct launchpad for your career into the business world. A proper and unbiased B-school ranking becomes necessary.

MBA aspirants face the unenviable task of choosing the right B-school to apply to prior to enrolling. An MBA benefits the aspirant only if it is pursued from a top management college. Now the definition of a top management college is always subjective and candidates have to rattle their brains and go through several websites in order to arrive at a suitable college.

At Cubix we believe that this B-school ranking research should be left to the experts. We have burned the midnight oil and undergone extensive research prior to compiling a list of top B schools for the candidates. This B-school ranking, featuring the Top 50 B-school ranking has been made by considering the following factors:


Reports from the college website as well as having a word with the current/ex students of the colleges gave us insights on the veracity of placement reports. We have filtered that knowledge in this list to aid the students make an informed decision.

Cut off in entrance examinations:

Higher the cut off, better the pedigree of the students, better the peer learning. It all adds up, doesn’t it?


Fee should never be the sole deciding factor when selecting a B school but when there are marginal differences between two schools; fees can be used as a qualifier to aid selection. For example DoMS IIT Madras and IIM Raipur have a similar ranking on the table but Madras’ fee is ₹8.1lacs while Raipur’s is ~₹12.6 lacs. This factor can make some inch towards the former since ROI is a critical factor when evaluating colleges outside the Top 20 list.


Like fees, Location can never be the sole deciding factor when selecting a B school. There are good colleges in remote locations- XLRI is a prime example. The reverse can also be true. However location does play a role when it comes to attracting faculties and industry personnel. A few of the new IIMs suffer because of this.


B schools make claims of a large number of PhD faculties belonging on their roster. This should be taken at face value because a few of the mentioned names might not be teaching there at all. The full time faculty vs part time faculty data can also be a misleading piece of stat.


Lack of good infrastructure can be considered a crippling factor when it comes to B schools. Although quite a few colleges have done well at a temporary campus due to the parent brand (IIM Ranchi, Raipur are examples).

Expert Opinion: The brains working behind the scenes at Cubix list IITs, IIMs and a host of elite B schools in India and abroad as their alma mater. The above mentioned factors were consulted with them and the final list was made based on their counsel.


What this list doesn’t have

We have not considered the non-flagship courses: HR programmes of IIM Ranchi, IIT Kharagpur, XIMB; SM programme of IIM Lucknow, Global MBA of XLRI in this B-school ranking. This B-school ranking features only the flagship courses



B-School ranking – The superlative category

The crème-de-la-crème colleges are a part of this category. Old IIMs dominate this category as it should. Ahmadabad, Bangalore, Calcutta are at the top of the rankings. FMS, IIM Lucknow, XLRI are of a similar pedigree and one should choose any of these colleges based on one’s preferences. JBIMS and SJSOM have comparatively lower fees and should attract students seeking a high ROI. If the candidate has more than 3 years of work experience then he should choose ISB Hyderabad which is a brilliant option. This portion of the B-school ranking is as follows:

1 Indian Institute of Management, A IIM A Ahmedabad
2 Indian Institute of Management, B IIM B Bangalore
3 Indian Institute of Management, C IIM C Kolkata
4 Indian Institute of Management, L IIM L Lucknow
5 Xaviers Labour Research Institute XLRI Jamshedpur
6 Faculty of Management Studies FMS New Delhi
7 International School of Business ISB Hyderabad
8 Indian Institute of Management, K IIM K Kozhikode
9 S.P.Jain Institute of Management and Research SPJ Mumbai
10 Jamnalal Bajaj Institute of Management Studies JBIMS Mumbai


The AAA+ category

Several IIMs and non IIMs are a part of this category. The list shows that a lot of non IIM B schools can provide a better trajectory for your career as compared to several IIMs. IIT Bombay beats IIM Indore here and the IIM Ranchi catches up with IIM Shillong due to proximity to major cities. Specialist colleges like NITIE (for Operations), TISS (for HR) occupy a spot in this category. In terms of this specialization these 2 colleges are among the top 2 in the country, if not the best. The B-school ranking for the AAA+ institutes is as follows:

11 Shailesh J Mehta School of Management IIT-B/SJSOM Mumbai
12 Management Development Institute MDI Gurgaon
13 Indian Institute of Management, I IIM I Indore
14 Indian Institute of Foreign Trade, D IIFT-D New Delhi
15 National Institute of Industrial Engineering NITIE Mumbai
16 Tata Institute of Social Sciences TISS Mumbai
17 Narsee Monjee Institute of Management Studies NMIMS Mumbai
18 Symbiosis Institute of Business Management Symbi Pune
19 Indian Institute of Management, Ranchi IIM Ra Ranchi
20 Indian Institute of Management, Shillong IIM S Shillong
21 Symbiosis Centre of Management and HRD SCMHRD Pune
22 Indian Institute of Foreign Trade,Kolkata IIFT-K Kolkata


The AA Category

The IITs, new IIMs dominate this category apart from more specialist colleges like MICA and IRMA. MICA is the very best in Advertisement and amongst the best in Marketing, while IRMA’s rural management programme is unparalleled. Candidates may choose IITs if they are into studying Operations or Analytics. However, they should choose IIMs for Finance or Marketing. The better private colleges of the country like XIMB, IMT-G, Tapmi, IMI Delhi (as per rank) should be alternatives. The B-school ranking for the AA institutes is as follows:

23 DMS, Indian Institute of Technology Delhi IIT-D New Delhi
24 Indian Institute of Management Udaipur IIM U Udaipur
25 Vinod Gupta School of Management, Kharapur IIT Kgp-VGSOM Kharagpur
26 DoMS,Indian Institute of Technology Madras IIT M Chennai
27 Indian Institute of Management Raipur IIM Raipur Raipur
28 Indian Institute of Management Trichy IIM Trichy Trichy
29 Indian Institute of Management Rohtak IIM Rohtak Rohtak
30 Mudra Institute of Communications MICA Ahmedabad
31 Indian Institute of Management Kashipur IIM Kashipur Kashipur
32 Institute of Rural Management IRMA Anand
33 Xaviers Institute of Management XIMB Bhubaneshwar
34 Institute of Management Technology IMT-G Ghaziabad
35 Great Lakes Institute of Management GLIM Chennai
36 International Management Institute IMI-D New Delhi
37 T.A.Pai Management Institute TAPMI Manipal


The A Category

This category has the bulk of the baby IIMs and other private B schools. IIM Brand is the only thing pushing several of these colleges. However, they struggle to paper over the lack of proper amenities and permanent faculties available. If you’re brand conscious and have been unable to convert your other calls, these can be an alternative for you. MFC DU, SIMSREE and IISc are good colleges in terms of ROI. Other colleges like KJSom and Fore have the location factor working in their favour apart from a history of quality opportunities afforded to the students. The B-school ranking for the A ranked institutes is as follows:

38 Indian Institute of Management, Nagpur IIM Nagpur Vishakapatnam
39 Indian Institute of Management, Vizag IIM Vizag Nagpur
40 Indian Institute of Management, Amritsar IIM Amritsar Amritsar
41 Sydenham Institute of Management Studies, Research and Entrepeneurship Education SIMSREE Mumbai
42 FORE School of Management FORE New Delhi
43 DMS, Indian Institute of Technology Kanpur IIT Kanpur Kanpur
44 Master of Finance and Control, DU DU New Delhi
45 Indian Institute of Science IISc Bangalore
46 KJ Somaiya Institute of Management Studies and Research KJSom Mumbai
47 Indian Institute of Management Sirmaur IIM Sirmaur Sirmaur
48 Indian Institute of Management Jammu IIM Jammu Jammu
49 Symbiosis Institute of International Business SIIB Pune
50 Indian Institute of Management Sambalpur IIM Sambalpur Sambalpur


All the very best!!

-Team Cubix


For any queries regarding the courses, feel free to talk to our mentors and our counselors. You may book a free counseling session at any of our education centers. Also, you may reach us at +919433063089 and mail us at info@cubixprep.com. Visit our website for details about our courses and our teaching methodology.


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