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 144 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 and accepts GMAT score for admission. 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 IIM 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.

*:same ranking for the two institutes because of the common placements and almost he same set of faculty teaching at both campuses.

12. Indian Institute of Management (IIM-K)

Kozhikode

PGP

13. Indian Institute of Management (IIM-I)

Indore

PGPM

14. Management Development Institute (MDI)

Gurgaon

PGPM

15*. Indian Institute of Foreign Trade (IIFT)

New Delhi

MBA

15*. Indian Institute of Foreign Trade (IIFT)

Kolkata

MBA

16. Indian Institute of Management (IIM-L)

Lucknow

ABM

17. Indian Institute of Management Shillong

Shillong

PGPM

18. Indian Institute of Technology Bombay – SJSOM

Mumbai

M. MANAGEMENT

19. Indian Institute of Management (IIM-A)

Ahmedabad

FABM

20. National Institute of Industrial Engineering (NITIE)

Mumbai

PGDIM

21. Indian Institute of Management Ranchi

Ranchi

PGDM

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. 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. NMIMS should be looked up for finance while SIBM for marketing and HR. 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.

 *:same ranking for the three institutes as the placements are at par and all three have similar location benefits and are at parity with each other.

22. Indian Institute of Management Raipur

Raipur

PGP

23*. Symbiosis Institute of Business Management (SIBM)

Pune

MBA

23*. Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA

23*. Narsee Monjee Institute of Management Studies (NMIMS)

Mumbai

Core

24. Indian Institute of Management Trichy

Trichy

PGPM

25. Indian Institute of Management Rohtak

Rohtak

PGP

26. Indian Institute of Management Udaipur

Udaipur

PDP

27. Indian Institute of Management Kashipur

Kashipur

PGP

28. Management Development Institute (MDI)

Gurgaon

PGPM HRM

29. Xavier Labour Research Institute (XLRI)

Jamshedpur

Global MBA

30. Indian Institute of Management Ranchi

Ranchi

PGDHRM

31. Mudra Institute of Communications Ahmedabad (MICA)

Ahmedabad

PGDM-C

32. Indian Institute of Technology Delhi – DMS

New Delhi

MBA

33. Indian Institute of Technology Kharagpur – VGSOM

Kharagpur

MBA

34 .Institute of Rural Management (IRMA)

Anand (Gujarat)

PGPRM

35. Great Lakes Institute of Management (GLIM)

Chennai

PGPM

36. Xavier Institute of Management (XIMB)

Bhubaneshwar

MBA BM

37. Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE)

Mumbai

PGDBM

38. Management Development Institute (MDI)

Gurgaon

PGPM IM

39. Institute of Management Technology (IMT)

Ghaziabad

PGDM

40. Indian Institute of Technology Madras – DMS

Chennai

MBA

Cluster 4

The highlights of this cluster are B-schools like IMI Delhi, 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.

41Indian Institute of Management (IIM-V)

Vishakhapatnam

PGP

42.Indian Institute of Management (IIM-N)

Nagpur

PGP

43.Indian Institute of Management (IIM-Amritsar)

Amritsar

PGP

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.Indian Institute of Management (IIM-S)

Sirmaur

PGP

49.Indian Institute of Management (IIM-J)

Jammu

PGP

50. T A Pai Management Institute (TAPMI)

Manipal

PGDM

51. National Institute of Industrial Engineering (NITIE)

Mumbai

PGDISEM

52. Indian Institute of Science (IISc)

Bengaluru

M.Mmgt (Tech Mgmt & Biz Analytics)

53. Indian Institute of Technology Roorkee – DMS

Roorkee

MBA

54. Narsee Monjee Institute of Management Studies

 

Mumbai

MBA HR

55. Xavier Institute of Management (XIMB)

Bhubaneshwar

MBA HRM

56. Indian Institute of Management (IIM-L)

Lucknow (Noida)

SM

57. Symbiosis Institute of International Business (SIIB)

Pune

MBA IB

58. K J Somaiya Institute of Management Studies & Research (SIMSR)

Mumbai

PGDM, IB, FM

59. Goa Institute of Management (GIM)

Goa

PGDM

60. Bharathidasan Institute of Management (BIM)

Tiruchirapally

MBA

61. Master of Business Economics (MBE), Department of Business Economics, DU

Delhi

MBE

62. Loyola Institute of Business Administration (LIBA)

Chennai

PGDM

63. 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 for its first batch, Bennett had assured 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

64. Narsee Monjee Institute of Management Studies (NMIMS)

Bengaluru

PGDM

65. BITS Pilani, Department of Management

Pilani

MBA

66. Delhi School of Management – Delhi Technological University (DTU)

Delhi

MBA

67. Nirma University – Institute of Management (IMNU)

Ahmedabad

MBA

68. Lal Bahadur Shastri Institute of Management (LBS)

Delhi

PGDM, Finance

69. Institute of Financial Management & Research (IFMR)

Chennai

PGDM, PGDM-WE

70. Symbiosis Institute of Business Management (SIBM)

Bengaluru

MBA

71. Symbiosis Institute of Operations Management (SIOM)

NASIK

MBA Ops

72. International Management Institute (IMI)

Delhi

PGDHRM

73. Masters in International Business (MIB) Delhi School of Economics DU

Delhi

MIB

74. Master of Human Resource and Organisational Development (MHROD) Delhi School of Economics DU

Delhi

MHROD

75. Symbiosis Institute of Telecom Management (SITM)

Pune

MBA

76. Bennett University

Greater Noida

MBA

77. Symbiosis Institute of Management Studies (SIMS)

Pune

MBA

78. Great Lakes Institute of Management (GLIM)

Chennai

PGDM

79. Symbiosis Institute of Mass Communication (SIMC)

Pune

MBA CM

80. Indian Institute of Forest Management (IIFM)

Bhopal

PGDFM

81. Faculty of Management Studies, Banaras Hindu University (FMS BHU)

Varanasi

MBA MBA IB

82. IFIM Business School

Bengaluru

PGDM

83. Great Lakes Institute of Management (GLIM)

Gurgaon

PGPM 1 year

84. University Business School (UBS)

Chandigarh

MBA

85. PUMBA (University of Pune)

Pune

MMS

Cluster 6

86. International Management Institute (IMI)

Kolkata

PGDM

87. Institute of Management Technology (IMT)

Ghaziabad

DCP

88. International Management Institute (IMI)

Delhi

PGDM B&I

89. National Institute of Bank Management

Pune

PGDM B & FS

90. National Insurance Academy

Pune

PGDM

91. National Power Training Institute

Faridabad

MBA (Power Management)

92. Xavier Institute of Management & Entrepreneurship (XIME)

Bengaluru

PGDM

93. Welingkar Institute of Management

Mumbai

MMS, PGDM

94. Institute of Management Technology (IMT)

Hyderabad

PGDM

95. Birla Institute of Management Technology (BIM Tech)

Noida

PGDMPGDM (International Business)

96. SDM Institute for Management Development (SDMIMD)

Mysore

PGDM

97. Narsee Monjee Institute of Management Studies (NMIMS)

Hyderabad

PGDM

98. Institute of Management and Technology IMT – Nagpur

Nagpur

PGDM

99. Symbiosis Institute of Business Management- Hyderabad

Hyderabad

MBA

100. Universal Business School

Karjat

MBA

101. Xavier Institute of Social Service (XISS)

Ranchi

PM

102. Symbiosis Centre for Management and HRD (SCMHRD)

Pune

MBA-IM

103. Symbiosis Institute of International Business (SIIB)

Pune

MBA AB, MBA E&E

104. K.J.Somaiya Institute of Management Studies & Research (SIMSR)

Mumbai

PGDM – Retail Management

105. Shri Ram College of Commerce Global Business Operations (SRCC GBO), DU

Delhi

GBO

106. Great Lakes Institute of Management (GLIM)

Gurgaon

PGPME

107. Chetana’s Ram Prasad Khandelwal Institute of Management & Research

Mumbai

MMS, MFM,MMM

108. Symbiosis Institute of Computer Studies and Research (SICSR)

Pune

MBA-IT

109.Symbiosis Center for Information Technology

Pune

MBA-ITBM

110. ICFAI Business School

Hyderabad

MBA/PGPM

111. Ramaiah Institute of Mangement Studies

Bengaluru

PGDM

112. Xavier Institute of Social Service (XISS)

Ranchi

Marketing & Finance

113.Kirloskar Institute of Advanced Management Studies

Harihar and Pune

PGDM

114. Xavier Institute of Management & Entrepreneurship (XIME)

Kochi

PGDM

115.Symbiosis Institute of Health Services (SIHS)

Pune

MBA

116.Symbiosis Institute of Banking and Finance (SSBF)

Pune

MBA BF, PGDBF

117. Galgotia University

Greater Noida

MBA

118. Shiv Nadar University

Greater Noida

MBA

119. Indian Institute of Social Welfare and Business Management (IISWBM)

Kolkata

MBA

120. Xavier Institute of Management & Research

Mumbai

PGDM

121. Institute of Management Studies

Noida

PGDM

122. Amity University

Noida

MBA

123. Llyod Institute of Management Studies

Greater Noida

MBA

124. PES University

Bengaluru

MBA

125. Alliance school of business

Bengaluru

MBA

126. Indira School of Business Studies

Pune

MBA, PGDM

127. Christ University

Bengaluru

MBA

128. Accurate Institute of Management and Technology

Greater Noida

MBA, PGDM

129. Rayat Bahra Institute of Management

Mohali

MBA

130. New Delhi Institute of Management (NDIM)

New Delhi

PGDM

131. Xavier Institute of Management (XIMB)

Bhubaneswar

MBA – Rural Management

132. Asian Business School

Noida

MBA/PGDM

133. Asia Pacific Business School

New Delhi

MBA/PGDM

134. Jindal Global University

Sonipat

MBA

135. University of Petroleum & Energy Studies

Dehradun

MBA

136. Ansal University

Gurgaon

MBA

137. Manav Rachna University

Faridabad

MBA

138. Delhi School of Business

New Delhi

PGDM

139. North Cap University

Gurgaon

MBA

140. Apeejay Stya

Gurgaon

MBA

141. NL Dalmia Institute of Management Studies and Research

Mumbai

PGDM

142. Sri Balaji Society

Pune

PGDM

143. FLAME University

Pune

MBA

All the Best
GP

 

All the Best
GP