B-school Ranking – Top 50 MBA institutes in India

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:

Placements:

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?

Fees:

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.

Location:

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.

Faculty:

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.

Infrastructure:

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

 

Categorization

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

 

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