A student seeking my advice on which MBA institute should he join said “Sir, if I were your nephew then after considering all factors which out of these three institutes would you recommend?”

There is always a dilemma when it comes to choosing an MBA institute because a wrong choice of institute could very easily lead to a poor career growth or waste of money or both. Unfortunately, most rankings do not consider the student’s point of view and have a low weight for one of the most important criteria – the placements.

To my mind the most important measure of the worth of a B School is its placement record and hence my preference for an institute is determined primarily by the placements. Placements refer to not only the average/median salary but also include the difficult to quantify factors like the reputation, quality of opportunities and the kind of companies that visit the institute. Secondly, with most of the good institutes charging a fee of over Rs 12 lakh for the MBA program, the cost of doing an MBA is a factor that cannot be ignored.

Between similarly placed MBA institutes the location becomes the tie breaker. I also believe that all programs in an institute are not at the same level and hence I have a program-wise order of preference and not institute-wise.

So dear nephews/nieces, my order of preference of over 100 MBA programs is given in the table below. Please note that this should not be misunderstood as a ranking of MBA institutes/programs. The institutes/programs of different levels are placed in different clusters and within a cluster the ones on top are preferred over the lower ones. However, institutes within 2-3 places of each other are at par and you could choose any of them. For the institutes in Cluster 6 it might be useful to prefer an institute in your state/region as the overall cost would be lower and being from the region could be helpful during placements. For example, if you are from West Bengal then IISWBM is likely to be a better option than IBS Hyderabad.

Finally, do not rely only on this table, do check the other sources (especially current and past students) as well and take an informed decision looking at all factors that are important for you. This table has around 125 institutes/programs and there are many good institutes that I am not aware of. Hence for institutes not in this list (also for Cluster 6 institutes) a campus visit along with interaction with current students are recommended before the final decision.

It is worth noting that Institutes in the first few clusters have been ranked based on a few more parameters. While one really cannot differentiate between IIM A, B and C. IIM A tops the list based on reputation and C comes in second place since its fees is the lowest amongt the three. FMS is in the top 5 in the list because of the ROI. JBIMS is a little lower since there is reservation for candidates from Maharashtra. TISS is a little lower in the list but that’s mostly because it is a specialized  program. A general management program is 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 that stream then it would rank higher for you. For e.g. if you are looking for a specialization in HR then XLRI, TISS and IIM K would be your preferences.

 

Cluster 1


Undoubtedly, like every year IIM Ahmedabad, Calcutta and Bengaluru acquire the top three positions in best B- schools rankings respectively. With the best placement records, 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 either of these based on ones 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. FMS, TISS and JBIMS stand out in terms of excellent Return on Investment (ROI) due to their very low fee and excellent placements.
1. Indian Institute of Management (IIM-A) Ahmedabad PGP
2. Indian Institute of Management (IIM-C) Kolkata PGDM
3. Indian Institute of Management (IIM-B) Bengaluru PGP
4. Faculty of Management Studies (FMS) – Delhi University New Delhi MBA
5. Xavier Labour Research Institute (XLRI) Jamshedpur HRM
6. Indian Institute of Management (IIM-L) Lucknow PGPM
7. Xavier Labour Research Institute (XLRI) Jamshedpur BM
8. Tata Institute of Social Sciences (TISS) Mumbai MA HRM LR
9. Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai MMS
10. Indian School of Business (ISB) Hyderabad PGP
11. SP Jain Institute of Management & Research (SPJIMR) Mumbai PGDM

Cluster 2


Many other IIMs and non IIMs colleges are part of cluster 2. This cluster shows that some non-IIM institutes make their mark as better B-schools than most of the IIMs. colleges in terms of growth, learning and placements. IIFT Kolkata is also listed in cluster 2 along with IIFT Delhi because that they have common placements and hence there is no disparity among the two institutes. 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. Most interesting is National Institute of Industrial Engineering (NITIE) renowned for its operations courses making its way in cluster 2.
12. Indian Institute of Management (IIM-K) Kozhikode PGP
13. Indian Institute of Management (IIM-I) Indore PGPM
14. Indian Institute of Foreign Trade (IIFT) New Delhi MBA
15. Management Development Institute (MDI) Gurgaon PGPM
16. Indian Institute of Management Shillong Shillong PGPM
17. Indian Institute of Management (IIM-L) Lucknow ABM
18. Indian Institute of Foreign Trade (IIFT) Kolkata MBA
19. Indian Institute of Technology Bombay – SJSOM Mumbai M. MANAGEMENT
20. Indian Institute of Management (IIM-A) Ahmedabad FABM
21. National Institute of Industrial Engineering (NITIE) Mumbai PGDIM

Cluster 3


The new IIMs feature in this cluster. IIM Ranchi is seen to be gearing up as the HRM program by IIM Ranchi has been appreciated by the industry. An HRM aspirant should consider Ranchi HRM much above the other B-schools in this cluster. B-schools such as MICA and IRMA that offer specialized programs also find their spot in this cluster. It must be understood that in their specialization, these two B-schools are the best in the country. For example, MICA is regarded as one of the top most B-schools in country for its Marketing and Advertising program. For candidates with over 2 years of work experience Great Lakes Chennai 1 year program (PGPM) can be considered over others as it has excellent industry recognition, but it is not approved by AICTE as PGDM hence those looking for further studies or Government/PSU jobs should also enroll for distance learning MBA from IGNOU or Annamalai University else they would be considered as “graduates” and not “post graduates” in India. In this cluster the IITs can be preferred over the others due to their low fee and good placements.
22. Indian Institute of Management Ranchi Ranchi PGDM
23. Indian Institute of Management Raipur Raipur PGP
24. Indian Institute of Management Trichy Trichy PGPM
25. Symbiosis Institute of Business Management (SIBM) Pune MBA
26. Symbiosis Centre for Management and HRD (SCMHRD) Pune MBA
27. Narsee Monjee Institute of Management Studies (NMIMS) Mumbai Core
28. Indian Institute of Management Rohtak Rohtak PGP
29. Indian Institute of Management Udaipur Udaipur PDP
30. Indian Institute of Management Kashipur Kashipur PGP
31. Indian Institute of Management Ranchi Ranchi PGDHRM
32. Mudra Institute of Communications Ahmedabad (MICA) Ahmedabad PGDM-C
33. Management Development Institute (MDI) Gurgaon PGPM HRM
34. Indian Institute of Technology Delhi – DMS New Delhi MBA
35. Indian Institute of Technology Kharagpur – VGSOM Kharagpur MBA
36 .Institute of Rural Management (IRMA) Anand (Gujarat) PGPRM
37. Xavier Labour Research Institute (XLRI) Jamshedpur Global MBA
38. Great Lakes Institute of Management (GLIM) Chennai PGPM
39. Xavier Institute of Management (XIMB) Bhubaneshwar MBA BM
40. Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) Mumbai PGDBM
41. Management Development Institute (MDI) Gurgaon PGPM IM
42. Indian Institute of Technology Madras – DMS Chennai MBA

Cluster 4


The highlights of this cluster are B-schools like IMI Delhi, IMT Ghaziabad, XIMB, KJ Somaiya, TAPMI which are ranked on the basis of quality opportunities and location. These colleges are equally good based on their past records.In terms of ROI the best institutes in this cluster are MFC DU and MSc Finance JBIMS followed by NITIE and the IITs.
43. Institute of Management Technology (IMT) Ghaziabad PGDM
44. Indian Institute of Technology Kanpur – DMS Kanpur MBA
45. Master of Finance & Control (MFC), DU Delhi MBA Fin
46. Jamnalal Bajaj Institute of Management Studies Mumbai MSc Finance
47. International Management Institute (IMI) Delhi PGDM
48. T A Pai Management Institute (TAPMI) Manipal PGDM
49. National Institute of Industrial Engineering (NITIE) Mumbai PGDISEM
50. Indian Institute of Technology Roorkee – DMS Roorkee MBA
51. Narsee Monjee Institute of Management Studies

Mumbai MBA HR
52. Xavier Institute of Management (XIMB) Bhubaneshwar MBA HRM
53. Indian Institute of Science (IISc) Bengaluru M.Mmgt (Tech Mgmt & Biz Analytics)
54. Indian Institute of Management (IIM-L) Lucknow (Noida) SM
55. Symbiosis Institute of International Business (SIIB) Pune MBA IB
56. K J Somaiya Institute of Management Studies & Research (SIMSR) Mumbai PGDM, IB, FM
57. Goa Institute of Management (GIM) Goa PGDM
58. Bharathidasan Institute of Management (BIM) Tiruchirapally MBA
59. Master of Business Economics (MBE), Department of Business Economics, DU Delhi MBE
60. Loyola Institute of Business Administration (LIBA) Chennai PGDM
61. FORE School of Management New Delhi PGDM, IB

Cluster 5


Apart from the ones mentioned above, even other colleges are not far behind. Many aspirants who are unable to crack CAT with good score can definitely think of taking up any of these colleges. The final choice is made based on preferences and the requirements of the candidate. Also, Bennett & Coleman Group’s Benenett University finds its way in this cluster right in the first year of its inception. This is majorly because Bennett is ensuring a package of at least 7.5 LPA, for every student, at any of the companies of the Times Group. This kind of a placement guarantee helps it in getting to Cluster 5
62. BITS Pilani, Department of Management Pilani MBA
63. Delhi School of Management – Delhi Technological University (DTU) Delhi MBA
64. Nirma University – Institute of Management (IMNU) Ahmedabad MBA
65. Lal Bahadur Shastri Institute of Management (LBS) Delhi PGDM, Finance
66. Narsee Monjee Institute of Management Studies (NMIMS) Bengaluru PGDM
67. Institute of Financial Management & Research (IFMR) Chennai PGDM, PGDM-WE
68. Symbiosis Institute of Business Management (SIBM) Bengaluru MBA
69. Symbiosis Institute of Operations Management (SIOM) NASIK MBA Ops
70. International Management Institute (IMI) Delhi PGDHRM
71. Masters in International Business (MIB) Delhi School of Economics DU Delhi MIB
72. Master of Human Resource and Organisational Development (MHROD) Delhi School of Economics DU Delhi MHROD
73. Symbiosis Institute of Telecom Management (SITM) Pune MBA
74. Bennett University Greater Noida MBA
75. Symbiosis Institute of Management Studies (SIMS) Pune MBA
76. Symbiosis Institute of Mass Communication (SIMC) Pune MBA CM
77. Indian Institute of Forest Management (IIFM) Bhopal PGDFM
78. Faculty of Management Studies, Banaras Hindu University (FMS BHU) Varanasi MBA MBA IB
79. IFIM Business School Bengaluru PGDM
80. Great Lakes Institute of Management (GLIM) Gurgaon PGPM 1 year
81. Great Lakes Institute of Management (GLIM) Chennai PGDM
82. University Business School (UBS) Chandigarh MBA
83. PUMBA (University of Pune) Pune MMS

Cluster 6

84. Institute of Management Technology (IMT) Ghaziabad DCP
85. International Management Institute (IMI) Delhi PGDM B&I
86. National Institute of Bank Management Pune PGDM B & FS
87. National Insurance Academy Pune PGDM
88. National Power Training Institute Faridabad MBA (Power Management)
89. Xavier Institute of Management & Entrepreneurship (XIME) Bengaluru PGDM
90. Welingkar Institute of Management Mumbai MMS, PGDM
91. Institute of Management Technology (IMT) Hyderabad PGDM
92. Birla Institute of Management Technology (BIM Tech) Noida PGDMPGDM (International Business)
93. SDM Institute for Management Development (SDMIMD) Mysore PGDM
94. Symbiosis Centre for Management and HRD (SCMHRD) Pune MBA-IM
95. Institute of Management and Technology IMT – Nagpur Nagpur PGDM
96. Symbiosis Institute of International Business (SIIB) Pune MBA AB, MBA E&E
97. Narsee Monjee Institute of Management Studies (NMIMS) Hyderabad PGDM
98. Symbiosis Institute of Business Management- Hyderabad Hyderabad MBA
99. Universal Business School Karjat MBA
100. Xavier Institute of Social Service (XISS) Ranchi PM
101. K.J.Somaiya Institute of Management Studies & Research (SIMSR) Mumbai PGDM – Retail Management
102. Xavier Institute of Management (XIMB) Bhubaneswar MBA – Rural Management
103. Shri Ram College of Commerce Global Business Operations (SRCC GBO), DU Delhi GBO
104. Great Lakes Institute of Management (GLIM) Gurgaon PGPME
105. Chetana’s Ram Prasad Khandelwal Institute of Management & Research Mumbai MMS, MFM,MMM
106. Symbiosis Institute of Computer Studies and Research (SICSR) Pune MBA-IT
107.Symbiosis Center for Information Technology Pune MBA-ITBM
108. ICFAI Business School Hyderabad MBA/PGPM
109. Ramaiah Institute of Mangement Studies Bengaluru PGDM
110. Xavier Institute of Social Service (XISS) Ranchi Marketing & Finance
111.Kirloskar Institute of Advanced Management Studies Harihar and Pune PGDM
112. MISB Bocconi Mumbai PGDM
113. Xavier Institute of Management & Entrepreneurship (XIME) Kochi PGDM
114.Symbiosis Institute of Health Services (SIHS) Pune MBA
115.Symbiosis Institute of Banking and Finance (SSBF) Pune MBA BF, PGDBF
116. Galgotia University Greater Noida MBA
117. Shiv Nadar University Greater Noida MBA
118. Indian Institute of Social Welfare and Business Management (IISWBM) Kolkata MBA
119. Xavier Institute of Management & Research Mumbai PGDM
120. Institute of Management Studies Noida PGDM
121. Amity University Noida MBA
122. Llyod Institute of Management Studies Greater Noida MBA
123. PES University Bengaluru MBA
124. Alliance school of business Bengaluru MBA
125. Indira School of Business Studies Pune MBA, PGDM
126. Christ University Bengaluru MBA
127. Accurate Institute of Management and Technology Greater Noida MBA, PGDM
128. Rayat Bahra Institute of Management Mohali MBA
129. New Delhi Institute of Management (NDIM) New Delhi PGDM
130. International Management Institute (IMI) Kolkata PGDM
131. Asian Business School Noida MBA/PGDM
132. Asia Pacific Business School New Delhi MBA/PGDM
133. Jindal Global University Sonipat MBA
134. University of Petroleum & Energy Studies Dehradun MBA
135. Ansal University Gurgaon MBA
136. Manav Rachna University Faridabad MBA
137. Delhi School of Business New Delhi PGDM
138. North Cap University Gurgaon MBA
139. Apeejay Stya Gurgaon MBA
140. NL Dalmia Institute of Management Studies and Research Mumbai PGDM
141. Sri Balaji Society Pune PGDM
142. FLAME University Pune MBA

 

All the Best
GP