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MBA School Rankings India India’s Best B-schools Rankings, Fees
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MBA School Rankings India: India’s Best B-schools Rankings, Fees

MBA School Rankings India 2023: India is the home of some of the best MBA Colleges in India and some of the institutes like –  And let us not forget about some of the Top MBA School Rankings India (Private) which has performed exceptionally well in the recent years and have provided all sorts of […]

 Saurav Anand
 Saurav Anand 14/09/2023
Digital Marketer | Content Specialist & Researcher | Content Marketing @FormsADDA @Formfees- Empowering individuals to unlock the potential of their businesses through the limitless more

MBA School Rankings India 2023: India is the home of some of the best MBA Colleges in India and some of the institutes like - 

  1. IIM Ahmedabad
  2. IIM Bengaluru
  3. IIM Calcutta
  4. IIM Lucknow
  5. Faculty of Management Studies, University of Delhi and Indian Institute of Management (IIM) Kozhikode  have been known as the top performers in terms of placement, infrastructure and for many factors and are known as the Top MBA School Rankings India

And let us not forget about some of the Top MBA School Rankings India (Private) which has performed exceptionally well in the recent years and have provided all sorts of opportunities, facilities and what not to be crowned as some of the Best MBA colleges in India Private names like -

  1. Xavier Labour Relations Institute (XLRI) Jamshedpur
  2. Management Development Institute (MDI) Gurgaon
  3. Symbiosis Institute of Business Management Pune
  4. S P Jain Institute of Management & Research (SPJIMR) Mumbai
  5. Symbiosis Centre For Management & Human Resource Development (SCMHRD) Pune is ranked highly in IIRF top 100 B-Schools ranking (Pvt.) 2023.

The MBA program is the most popular professional program in India! The best professional program for management students who wish to start their careers as managers in top MNCs or as entrepreneurs. MBA programs are available to graduates from any discipline, including science, business, and humanities. After completing this course, the candidate is qualified for high-paying employment and top positions in major brands throughout the globe.

Due to the tremendous demand for MBA programs, admission to the best B-Schools is difficult. There are several B-Schools, but do you know why admission to top MBA institutions in India is important? The reason for this is because they are well-known for providing the best industry exposure, improving students' academic excellence records, acquiring faculty knowledge, excellent infrastructure, quality learning, internships, and great placement opportunities with top brands.

Top MBA School Rankings India - Course Overview

MBA is itself known to be a course of education! Students are given the valuable opportunity to pursue a Master of Business Administration (MBA) degree. In the second year of the Master of Business Administration (MBA) program, students have the opportunity to pursue several specialities.

This is because the first year of the program typically covers foundational areas that are similar to all students. Let us now explore the many areas of concentration available to students pursuing a Master of Business Administration (MBA) degree.

Finance ManagementInformation TechnologyMarketing Management
Operations ManagementInternational Business ManagementStrategy Management
Leadership ManagementEntrepreneurshipCorporate Social Responsibility (CSR Management)
Operations ManagementAgriculture ManagementDairy Management
Healthcare ManagementRural DevelopmentHuman Resource Management
Retail ManagementLogistics and Supply Chain Management 

MBA students have the choice to choose the specialization as per their competencies. For instance, if an applicant is good at marketing and wants to enhance their marketing skills, then an MBA in Marketing is perfect! Every applicant is different in their abilities, and so they have the option to select the best specialization.

The students have the opportunity to choose Major and Minor subjects in the second year of their MBA program. For example, as a Major subject, one can opt for Marketing and a Minor in International Business Management. You can choose Major and Minor specialization as per your competencies. In some MBA colleges, there is an option to opt for two Major specializations. In this way, top mba colleges in India offer Dual-specialisation MBA programs.

Top MBA School Rankings India - Key Highlights

  • The MBA program is one of the most sought-after postgraduate programs. This is due to the fact that MBA can be pursued by students from different streams.
  • MBAs are two-year professional postgraduate degrees divided into four semesters. As PGDM from top colleges is equivalent to an MBA degree, you can even pursue one year of PGD M via private institutes.
  • Graduates and working professionals with some experience should consider an MBA.
  • After graduation, students who wish to get a two-year regular MBA degree must enroll in a two-year MBA program.
  • Those with working experience can pursue a distance MBA if their employers allow; they can also pursue a full-time MBA.
  • After ranking 5 in 2022, IIM Kozhikode improved to rank 3 in 2023
  • IIM Calcutta declined in its order as it shifted to rank 4 in 2023 when as compared to rank 3 in 2022
  • Banaras Hindu University has the lowest tuition fee, which is INR 10,228.
  • IIM Ahmedabad offers the highest placement package and ranked as the Best MBA School Rankings India offering, i.e. INR 31.50 LPA.
  • The best MBA school in India is IIM Ahmedabad, followed by IIM Bangalore and IIM Kozhikode. In the most recent NIRF rankings for 2023, the institutes are rated 1, 2, and 3.

Here is the list of Top 10 MBA School Rankings India 2023

RankMBA School Rankings India 2023State
1Indian Institute of Management AhmedabadGujarat
2Indian Institute of Management Bangalore  Karnataka
3Indian Institute of Management KozhikodeKerala
4Indian Institute of Management Calcutta  West Bengal
5Indian Institute of Technology DelhiDelhi
6Indian Institute of Management LucknowUttar Pradesh
7National Institute of Industrial Engineering, MumbaiMaharashtra
8Indian Institute of Management IndoreMadhya Pradesh
9XLRI-Xavier School of Management  Jharkhand
10Indian Institute of Technology Bombay  Maharashtra

Moving on this is the main list of MBA School Rankings India: India's best B-schools  Rankings, which includes 100 Top MBA Colleges in India 2023 NIRF Ranking -

MBA School Rankings India: India's Best B-schools Rankings 2023

MBA School Rankings India: India's best B-schools  RankingsStateScoreRank
Indian Institute of Management AhmedabadGujarat83.201
Indian Institute of Management Bangalore  Karnataka80.892
Indian Institute of Management KozhikodeKerala76.483
Indian Institute of Management Calcutta  West Bengal75.534
Indian Institute of Technology DelhiDelhi74.145
Indian Institute of Management LucknowUttar Pradesh74.116
National Institute of Industrial Engineering, MumbaiMaharashtra71.997
Indian Institute of Management IndoreMadhya Pradesh71.958
XLRI-Xavier School of Management  Jharkhand70.759
Indian Institute of Technology Bombay  Maharashtra68.1110
Indian Institute of Management Raipur  Chhattisgarh66.1811
Indian Institute of Management Rohtak  Haryana65.8812
Management Development Institute  Haryana64.8813
Indian Institute of Technology Kharagpur  West Bengal63.9214
Indian Institute of Technology MadrasTamil Nadu62.8315
Indian Institute of Management UdaipurRajasthan62.7816
Symbiosis Institute of Business ManagementMaharashtra62.7417
Indian Institute of Technology RoorkeeUttarakhand62.1418
Indian Institute of Management KashipurUttarakhand61.0719
S.P. Jain Institute of Management & ResearchMaharashtra60.9120
SVKM`s Narsee Monjee Institute of Management StudiesMaharashtra60.8421
Indian Institute of Management TiruchirappalliTamil Nadu60.8322
Indian Institute of Technology KanpurUttar Pradesh60.6323
Indian Institute of Management RanchiJharkhand59.9924
Jamia Millia Islamia,New DelhiDelhi59.7825
Indian Institute of Management ShillongMeghalaya59.1226
Indian Institute of Foreign TradeDelhi58.6027
Amity UniversityUttar Pradesh58.5628
Indian Institute of Management VisakhapatnamAndhra Pradesh57.5729
Amrita Vishwa VidyapeethamTamil Nadu57.0230
Great Lakes Institute of ManagementTamil Nadu56.6231
Lovely Professional UniversityPunjab56.4432
Goa Institute of ManagementGoa56.2833
International Management Institute  Delhi56.0534
National Institute of Technology TiruchirappalliTamil Nadu56.0135
Chandigarh UniversityPunjab55.9836
Institute of Management Technology, Ghaziabad  Uttar Pradesh55.2638
ICFAI Foundation for Higher Education, Hyderabad  Telangana54.2940
Indian Institute of Management Jammu (IIMJ)  Jammu and Kashmir54.1741
T. A. Pai Management Institute Manipal  Karnataka53.4842
Indian Institute of Management  Maharashtra53.4143
Indian Institute of Technology (Indian School of Mines)  Jharkhand52.6444
K J Somaiya Institute of Management Studies and Research  Maharashtra52.1445
XIM UniversityOdisha52.0946
Jaipuria Institute of Management  Uttar Pradesh51.8147
Birla Institute of Management Technology  Uttar Pradesh51.7448
Thapar Institute of Engineering and Technology (Deemed-to-be-university)  Punjab51.6749
Anna University  Tamil Nadu51.6749
Indian Institute of Management, Amritsar  Punjab51.3051
Koneru Lakshmaiah Education Foundation University (K L College of Engineering)  Andhra Pradesh51.2952
Indian Institute of Management Bodh Gaya  Bihar51.2853
Institute of Rural Management Anand  Gujarat51.1954
Aligarh Muslim University  Uttar Pradesh51.1855
Banaras Hindu University  Uttar Pradesh51.0756
Siksha `O` Anusandhan  Odisha51.0357
Indian Institute of Management Sambalpur  Odisha50.9058
Kalinga Institute of Industrial Technology  Odisha50.7859
Christ University  Karnataka50.6960
Nirma University  Gujarat50.0461
Great Lakes Institute of Management,Gurgaon  Haryana49.9562
Fore School of Management  Delhi49.8563
Chitkara University  Punjab49.8064
Graphic Era University  Uttarakhand49.7765
Guru Gobind Singh Indraprastha UniversityDelhi49.7166
International Management InstituteOdisha49.3067
Atal Bihari Vajpayee Indian Institute of Information Technology and Management  Madhya Pradesh49.1368
Malaviya National Institute of Technology  Rajasthan48.9869
International Management Institute  West Bengal48.4370
Saveetha Institute of Medical and Technical Sciences  Tamil Nadu48.3471
BML Munjal University  Haryana48.2772
Principal L N Welingkar Institute of Management Development and Research  Maharashtra48.2173
Krea University  Andhra Pradesh48.0074
National Institute of Technology Calicut  Kerala47.9975
National Institute of Bank Management  Maharashtra47.0876
Birla Institute of Technology  Jharkhand46.9677
Babasheb Bhimrao Ambedkar University  Uttar Pradesh46.6178
Manipal University Jaipur  Rajasthan46.2379
Jaipuria Institute of Management  Rajasthan46.1580
Amity University Haryana, GurgaonHaryana46.0781
Panjab UniversityChandigarh46.0582
Rajagiri Business SchoolKerala46.0383
Institute of Management Technology  Telangana45.7884
Jain university, Bangalore  Karnataka45.6385
Bharathidasan Institute of Management  Tamil Nadu45.5986
Alliance University  Karnataka45.5587
Jagan Institute of Management Studies  Delhi45.5488
PSG College of Technology  Tamil Nadu45.4489
Thiagarajar School of Management  Tamil Nadu44.7990
Galgotias University  Uttar Pradesh44.3091
Jaipuria Institute of Management  Uttar Pradesh44.2292
Tezpur University  Assam44.0193
Pandit Deendayal Energy University  Gujarat43.9294
Visvesvaraya Technological University  Karnataka43.8495
Jamia Hamdard  Delhi43.7496
National Institute of Agricultural Extension Management  Telangana43.4797
Indian Institute of Management  Himachal Pradesh43.2698
New Delhi Institute Of Management  Delhi42.6199
Guru Jambheshwar University of Science and Technology  Haryana42.13100

Business Today India’s Best B-schools | MBA School Rankings India 2023

The publication of the 11th edition of Business Today's 'India's Best B-schools Survey 2023' occurred on June 23, 2023, and it was officially released on July 9, 2023. A variety of methods were used to contact over 2,500 business schools that satisfied the necessary criteria.

Since its inception in 2013, the BT ranking has seen a neck-and-neck competition for the top two MBA School Rankings India between IIM Ahmedabad (IIMA) and IIM Calcutta (IIMC).

Nevertheless, IIMC has maintained its position as the leading institution in the MBA School Rankings India 2023, just like it did in the preceding year. The Indian Institute of Management Bangalore is ranked third, followed by the Indian Institute of Management Lucknow in fourth place, and the S.P. Jain Institute of Management and Research (SPJIMR) in Mumbai in fifth position, thereby completing the top five institutions. Business Today, a prominent business publication, and Marketing & Development Research Associates (MDRA), a leading market research consultancy, joined forces to conduct the BT-MDRA India's Best B-schools Survey 2023.

Business Today MBA Rankings 2023: Top 20 MBA School Rankings India 2023

A list of Top 25 MBA School Rankings India 2023 at  BT MBA Rankings 2023 with comparison from last year of  rankings is shared below:

MBA School Rankings India 2023Rank 2023Rank 2022
Indian Institute of Management, (IIM) Calcutta11
Indian Institute of Management, (IIM) Ahmedabad22
Indian Institute of Management, (IIM) Bangalore33
Indian Institute of Management, (IIM) Lucknow44
S. P. Jain Institute of Management and Research, Mumbai55
Indian Institute of Management (IIM) Indore67
Management Development Institute (MDI) Gurgaon78
Faculty of Management Studies (FMS), University of Delhi89
Indian Institute of Foreign Trade (IIFT), New Delhi910
SVKM’s NMIMS School of Business Management, Mumbai1011
International Management Institute, New Delhi1112
Indian Institute of Management (IIM) Shillong1213
Institute of Management Technology (IMT), Ghaziabad1314
Symbiosis Institute of Business Management, Pune1415
Symbiosis Centre for Management & Human Resource Development, Pune1516
Department of Management Studies, IIT Delhi, New Delhi1617
Great Lakes Institute of Management, Chennai1718
Indian Institute of Management (IIM) Udaipur1819
Indian Institute of Management (IIM) Tiruchirappalli1920
Xavier Institute of Management (XIMB), XIM University, Bhubaneswar2021

Frequently Asked Questions about MBA School Rankings India: India's Best B-schools Rankings, Fees

Q. What are India's best B-schools?

Ans. The Ministry of Human Resource Development (MHRD) National Institutional Ranking Framework (NIRF) has released the B School Ranking for the year 2023. According to the latest NIRF Rankings, IIM Ahmedabad has maintained its leading position, while IIM Bangalore has once again secured the second place.

Q. What are the top government MBA Colleges in India?

Ans. As per the NIRF these are some of the Best Government MBA Colleges of India

Q. Which is the No.1 IIM in India in 2023?

Ans. The Indian Institute of Management Ahmedabad (IIM Ahmedabad) is a prestigious educational institution located in Ahmedabad, India.

According to the National Institutional rating Framework (NIRF) rating for the year 2023. The Indian Institute of Management Ahmedabad maintains its top ranking. The Indian Institute of Management Kozhikode had an improvement in its rating, rising from the 5th position in 2022 to the 3rd position. The Indian Institute of Management Bangalore achieved the highest yearly average package, amounting to INR 31.50 LPA.

Q. Which IIM has the lowest fees?

Ans. The tuition costs for the second generation Indian Institutes of Management (IIMs), such as IIM Ranchi, IIM Rohtak, IIM Kashipur, IIM Udaipur, and others, fall within the range of INR 15 lakhs to INR 20 lakhs. The MBA costs for the newly established Indian Institutes of Management (IIMs) such as IIMs Bodh Gaya, IIM Nagpur, IIM Shillong, and others, range from INR 13 LPA to INR 20 LPA.

Q. Which institute is in the top 5 for MBA?

Ans. Top MBA colleges in India 2023:

The top MBA colleges in India include the Indian Institutes of Management (IIMs), XLRI, ISB, IIT, SPJIMR, FMS Delhi University, MDI, IMT, and many more institutions, check the whole list above in the article.

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