Jayein toh Jayein kahaan 2020: Top MBA Colleges

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 150 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 150+ 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 amongst 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.

   Top MBA Colleges: 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, greatreputation and endless opportunities these institutes stand as
crème de la crème institutes. FMS Delhi, IIM Lucknow and XLRI are all equally goodand one can choose either of
these based on one’s specificrequirements. If you are a candidate with over 3 years of work experience then you should be
looking at ISB Hyderabad which offers aone-year course and accepts GMAT scores for admission. FMS, TISS and JBIMS stand out in terms of excellent Return on Investment (ROI) due to theirvery 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. Indian School of Business (ISB)
  
  Hyderabad
  
  PGP
  
  6. Xavier Labour Research
  Institute (XLRI)
  
  Jamshedpur
  
  HRM
  
  7. Indian Institute of Management
  (IIM-L)
  
  Lucknow
  
  PGPM
  
  8. Xavier Labour Research
  Institute (XLRI)
  
  Jamshedpur
  
  BM
  
  9. Jamnalal Bajaj Institute of
  Management Studies (JBIMS)
  
  Mumbai
  
  MMS
  
  10. Management Development
  Institute (MDI)
  
  Gurgaon
  
  PGPM
  
  11. SP Jain Institute of
  Management & Research (SPJIMR)
  
  Mumbai
  
  PGDM
  
  12. Tata Institute of Social
  Sciences (TISS)
  
  Mumbai
  
  MA HRM LR
  
   Top MBA Colleges: Cluster 2
  
  Many other IIMs and non-IIM 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 andhence 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 the same set of faculty
teaching at both campuses.
  13. Indian Institute of Management
  (IIM-K)
  
  Kozhikode
  
  PGP
  
  14. Indian Institute of Management
  (IIM-I)
  
  Indore
  
  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 Technology
  Delhi – DMS
  
  New Delhi
  
  MBA
  
  Top MBA Colleges: 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. IIM Udaipur has done exceedingly well in the last one year in building its reputation as a good
B-school among the new IIMs. Its AACSB accreditation will helps its cause. 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 orGovernment/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 locationbenefits and are at parity with each other.
  22. Indian Institute of Management
  Ranchi
  
  Ranchi
  
  PGDM
  
  23. Indian Institute of Management
  Udaipur
  
  Udaipur
  
  PGP
  
  24. Indian Institute of Management
  Trichy
  
  Trichy
  
  PGPM
  
  25*. Symbiosis Institute of
  Business Management (SIBM)
  
  Pune
  
  MBA
  
  25*. Symbiosis Centre for
  Management and HRD (SCMHRD)
  
  Pune
  
  MBA
  
  25*. Narsee Monjee Institute of
  Management Studies (NMIMS)
  
  Mumbai
  
  Core
  
  26. Management Development
  Institute (MDI)
  
  Gurgaon
  
  PGPM HRM
  
  27. Indian Institute of Management
  Raipur
  
  Raipur
  
  PGP
  
  28. Indian Institute of Management
  Rohtak
  
  Rohtak
  
  PGP
  
  29. Indian Institute of Management
  Kashipur
  
  Kashipur
  
  PGP
  
  30. Mudra Institute of
  Communications Ahmedabad (MICA)
  
  Ahmedabad
  
  PGDM-C
  
  31. Xavier Labour Research
  Institute (XLRI)
  
  Jamshedpur
  
  Global MBA
  
  32. Institute of Management
  Technology (IMT)
  
  Ghaziabad
  
  PGDM
  
  33. Indian Institute of Management
  Ranchi
  
  Ranchi
  
  PGDHRM
  
  34. International Management
  Institute (IMI)
  
  Delhi
  
  PGDM
  
  35. Indian Institute of Technology
  Kharagpur – VGSOM
  
  Kharagpur
  
  MBA
  
  36. Institute of Rural Management
  (IRMA)
  
  Anand (Gujarat)
  
  PGPRM
  
  37. Great Lakes Institute of
  Management (GLIM)
  
  Chennai
  
  PGPM
  
  38. Xavier Institute of Management
  (XIMB)
  
  Bhubaneshwar
  
  MBA BM
  
  39. Sydenham Institute of
  Management Studies, Research and Entrepreneurship Education (SIMSREE)
  
  Mumbai
  
  PGDBM
  
  40. Management Development
  Institute (MDI)
  
  Gurgaon
  
  PGPM IM
  
  41. Indian Institute of Technology
  Madras – DMS
  
  Chennai
  
  MBA
  
   Top MBA Colleges: 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 goodbased 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.  
  42. T A Pai Management Institute
  (TAPMI)
  
  Manipal
  
  PGDM
  
  43. Indian Institute of Management
  (IIM-V)
  
  Vishakhapatnam
  
  PGP
  
  44. Indian Institute of Management
  (IIM-N)
  
  Nagpur
  
  PGP
  
  45. Indian Institute of Management
  (IIM-Amritsar)
  
  Amritsar
  
  PGP
  
  46. Indian Institute of Technology
  Kanpur – DMS
  
  Kanpur
  
  MBA
  
  47. Masters in International
  Business (MIB) Delhi School of Economics DU
  
  Delhi
  
  MIB
  
  48. Master of Human Resource and
  Organisational Development (MHROD) Delhi School of Economics DU
  
  Delhi
  
  MHROD
  
  49. Master of Finance &
  Control (MFC), DU
  
  Delhi
  
  MBA Fin
  
  50. Jamnalal Bajaj Institute of
  Management Studies
  
  Mumbai
  
  MSc Finance
  
  51.Indian Institute of Management
  (IIM-S)
  
  Sirmaur
  
  PGP
  
  52.Indian Institute of Management
  (IIM-J)
  
  Jammu
  
  PGP
  
  53. National Institute of Industrial
  Engineering (NITIE)
  
  Mumbai
  
  PGDISEM
  
  54. Indian Institute of Science
  (IISc)
  
  Bengaluru
  
  M.Mmgt (Tech Mgmt& Biz
  Analytics)
  
  55. Indian Institute of Technology
  Roorkee – DMS
  
  Roorkee
  
  MBA
  
  56. Narsee Monjee Institute of
  Management Studies
   
  
  Mumbai
  
  MBA HR
  
  57. Xavier Institute of Management
  (XIMB)
  
  Bhubaneshwar
  
  MBA HRM
  
  58. Indian Institute of Management
  (IIM-L)
  
  Lucknow (Noida)
  
  SM
  
  59. Symbiosis Institute of
  International Business (SIIB)
  
  Pune
  
  MBA IB
  
  60. K J Somaiya Institute of
  Management Studies & Research (SIMSR)
  
  Mumbai
  
  PGDM, IB, FM
  
  61. Goa Institute of Management
  (GIM)
  
  Goa
  
  PGDM
  
  62. Bharathidasan Institute of
  Management (BIM)
  
  Tiruchirapally
  
  MBA
  
  63. Master of Business Economics
  (MBE), Department of Business Economics, DU
  
  Delhi
  
  MBE
  
  64. Loyola Institute of Business
  Administration (LIBA)
  
  Chennai
  
  PGDM
  
  65. FORE School of Management
  
  New Delhi
  
  PGDM, IB
  
   Top MBA Colleges: 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 atleast 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.
  66. Narsee Monjee Institute of
  Management Studies (NMIMS)
  
  Bengaluru
  
  PGDM
  
  67. BITS Pilani, Department of
  Management
  
  Pilani
  
  MBA
  
  68. Delhi School of Management –
  Delhi Technological University (DTU)
  
  Delhi
  
  MBA
  
  69. Nirma University – Institute
  of Management (IMNU)
  
  Ahmedabad
  
  MBA
  
  70. Lal Bahadur Shastri Institute
  of Management (LBS)
  
  Delhi
  
  PGDM, Finance
  
  71. Institute of Financial
  Management & Research (IFMR)
  
  Chennai
  
  PGDM, PGDM-WE
  
  72. Symbiosis Institute of
  Business Management (SIBM)
  
  Bengaluru
  
  MBA
  
  73. Symbiosis Institute of
  Operations Management (SIOM)
  
  NASIK
  
  MBA Ops
  
  74. International Management
  Institute (IMI)
  
  Delhi
  
  PGDHRM
  
  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. ITM
  
  Mumbai
  
  PGDM
  
  81. TAPMI School of Business,
  Manipal University
  
  Jaipur
  
  MBA
  
  82. UPES
  
  Dehradun
  
  MBA
  
  83. Indian Institute of
  Forest Management (IIFM)
  
  Bhopal
  
  PGDFM
  
  84. Faculty of Management Studies,
  Banaras Hindu University (FMS BHU)
  
  Varanasi
  
  MBA MBA IB
  
  85. IFIM Business School
  
  Bengaluru
  
  PGDM
  
  86. Great Lakes Institute of
  Management (GLIM)
  
  Gurgaon
  
  PGPM 1 year
  
  87. SDA Bocconi Asia Center
  
  Mumbai
  
  PGD in IMB
  
  88. IILM University
  
  Gurgaon
  
  PGDM
  
  89. Vanguard Business School
  
   Bengaluru
  
  MBA
  
  90. University Business School
  (UBS)
  
  Chandigarh
  
  MBA
  
  91. PUMBA (University of Pune)
  
  Pune
  
  MMS
  
   Top MBA Colleges: Cluster 6
  
  92. International Management
  Institute (IMI)
  
  Kolkata
  
  PGDM
  
  93. Institute of Management
  Technology (IMT)
  
  Ghaziabad
  
  DCP
  
  94. International Management
  Institute (IMI)
  
  Delhi
  
  PGDM B&I
  
  95. GD Goenka University
  
  Gurgaon
  
  MBA
  
  96. SOIL Institute of Management
  
  Gurgaon
  
  MBA
  
  97. Pandit Deendayal Petroleum
  University
  
  Gandhinagar
  
  MBA
  
  98. Nirma
  
  Ahmedabad
  
  MBA
  
  99. International School of
  Business & Media
  
  Pune
  
  PGDM
  
  100. Woxsen School of Business
  
  Hyderabad
  
  PGDM
  
  101. National Institute of Bank
  Management
  
  Pune
  
  PGDM B & FS
  
  102.  Xavier Institute of Management &
  Entrepreneurship (XIME)
  
  Bengaluru
  
  PGDM
  
  103. Welingkar Institute of
  Management
  
  Mumbai
  
  MMS, PGDM
  
  104. Management Development
  Institute (MDI)
  
  Murshidabad
  
  PGP
  
  105. Institute of Management
  Technology (IMT)
  
  Hyderabad
  
  PGDM
  
  106. Birla Institute of Management
  Technology (BIM Tech)
  
  Noida
  
  PGDM/PGDM (International Business)
  
  107. International School of
  Business & Research
  
  Bangalore
  
  MBA/PGDM
  
  108. SDM Institute for Management
  Development (SDMIMD)
  
  Mysore
  
  PGDM
  
  109. Narsee Monjee Institute of
  Management Studies (NMIMS)
  
  Hyderabad
  
  PGDM
  
  110. Institute of Management and Technology
  IMT – Nagpur
  
  Nagpur
  
  PGDM
  
  111. Symbiosis Institute of
  Business Management- Hyderabad
  
  Hyderabad
  
  MBA
  
  112. Universal Business School
  
  Karjat
  
  MBA
  
  113. Xavier Institute of Social
  Service (XISS)
  
  Ranchi
  
  PM
  
  114. Symbiosis Centre for
  Management and HRD (SCMHRD)
  
  Pune
  
  MBA-IM
  
  115. Symbiosis Institute of
  International Business (SIIB)
  
  Pune
  
  MBA AB, MBA E&E
  
  116. K.J.Somaiya Institute of
  Management Studies & Research (SIMSR)
  
  Mumbai
  
  PGDM – Retail Management
  
  117. Shri Ram College of Commerce
  Global Business Operations (SRCC GBO), DU
  
  Delhi
  
  GBO
  
  118. Great Lakes Institute of
  Management (GLIM)
  
  Gurgaon
  
  PGPME
  
  119. BML Munjal University
  
  Gurgaon
  
  MBA
  
  120. Symbiosis Institute of
  Computer Studies and Research (SICSR)
  
  Pune
  
  MBA-IT
  
  121. Symbiosis Center for
  Information Technology
  
  Pune
  
  MBA-ITBM
  
  122. ICFAI Business School
  
  Hyderabad
  
  MBA/PGPM
  
  123. Xavier Institute of
  Management (XIMB)
  
  Bhubaneswar
  
  MBA – Rural Management
  
  124. Xavier Institute of Social
  Service (XISS)
  
  Ranchi
  
  Marketing & Finance
  
  125.Kirloskar Institute of Advanced
  Management Studies
  
  Harihar and Pune
  
  PGDM
  
  126. Xavier Institute of
  Management & Entrepreneurship (XIME)
  
  Kochi
  
  PGDM
  
  127.Symbiosis Institute of Health
  Services (SIHS)
  
  Pune
  
  MBA
  
  128.Symbiosis Institute of Banking
  and Finance (SSBF)
  
  Pune
  
  MBA BF, PGDBF
  
  129. National Insurance Academy
  
  Pune
  
  PGDM
  
  130. National Power Training
  Institute
  
  Faridabad
  
  MBA (Power Management)
  
  131. Symbiosis University of
  Applied  Sciences
  
  Indore
  
  MBA
  
  132. Presidency University
  
  Bangalore
  
  MBA
  
  133. Chetana’s Ram Prasad Khandelwal
  Institute of Management & Research
  
  Mumbai
  
  MMS, MFM,MMM
  
  134. Fortune Institute of
  International Business (FIIB)
  
  Delhi
  
  PGDM
  
  135. KIAMS
  
  Pune
  
  PGDM
  
  136. Ramaiah Institute of
  Management Studies
  
  Bengaluru
  
  PGDM
  
  137. ISME
  
  Bangalore
  
  PGDM
  
  138. Indus Business Academy (IBA)
  
  Bangalore
  
  MBA
  
  139. Siva Sivani
  
  Hyderabad
  
  PGDM
  
  140. IPE Hyderabad
  
  Hyderabad
  
  PGDM
  
  141. Jagran Lakecity University
  
  Bhopal
  
  MBA
  
  142. GIBS
  
  Bangalore
  
  MBA
  
  143. DMI
  
  Patna
  
  PGDM
  
  144. EMPI
  
  Delhi
  
  PGDM
  
  145. CBS
  
  Kolkata
  
  PGDM
  
  146. LPU
  
  Chandigarh
  
  MBA
  
  147. Krupanidhi School of
  Management
  
  Bangalore
  
  MBA
  
  148. World University of Design
  
  Haryana
  
  MBA in Design Strategy and
  Management
  
  149. Glocal
  
  Saharanpur
  
  MBA
  
  150. Doon Business School
  
  Dehradun
  
  MBA
  
  151. Quantum
  
  Dehradun
  
  MBA
  
  152. Galgotia University
  
  Greater Noida
  
  MBA
  
  153. Shiv Nadar University
  
  Greater Noida
  
  MBA
  
  154. Indian Institute of Social
  Welfare and Business Management (IISWBM)
  
  Kolkata
  
  MBA
  
  155. Xavier Institute of
  Management & Research
  
  Mumbai
  
  PGDM
  
  156. Institute of Management Studies
  
  Noida
  
  PGDM
  
  157. Amity University
  
  Noida
  
  MBA
  
  158. Llyod Institute of Management
  Studies
  
  Greater Noida
  
  MBA
  
  159. PES University
  
  Bengaluru
  
  MBA
  
  160. ISBR Business School
  
  Bangaluru
  
  MBA/PGDM
  
  161. Alliance school of business
  
  Bengaluru
  
  MBA
  
  162. Indira School of Business
  Studies
  
  Pune
  
  MBA, PGDM
  
  163. Christ University
  
  Bengaluru
  
  MBA
  
  164. ITM Business School
  
  Navi Mumbai
  
  PGDM/MBA
  
  165. Accurate Institute of
  Management and Technology
  
  Greater Noida
  
  MBA, PGDM
  
  166. RayatBahra Institute of
  Management
  
  Mohali
  
  MBA
  
  167. New Delhi Institute of
  Management (NDIM)
  
  New Delhi
  
  PGDM
  
  168. Asian Business School
  
  Noida
  
  MBA/PGDM
  
  169. Asia Pacific Business School
  
  New Delhi
  
  MBA/PGDM
  
  170. Jindal Global University
  
  Sonipat
  
  MBA
  
  171. University of Petroleum &
  Energy Studies
  
  Dehradun
  
  MBA
  
  172. Taxila
  
  Jaipur
  
  PGDM
  
  173. Ansal University
  
  Gurgaon
  
  MBA
  
  174. Manav Rachna University
  
  Faridabad
  
  MBA
  
  175. Delhi School of Business
  
  New Delhi
  
  PGDM
  
  176. TAPMI SOB
  
  Jaipur
  
  MBA
  
  177. North Cap University
  
  Gurgaon
  
  MBA
  
  178. Apeejay Stya
  
  Gurgaon
  
  MBA
  
  179. NL Dalmia Institute of
  Management Studies and Research
  
  Mumbai
  
  PGDM
  
  180. Sri Balaji Society
  
  Pune
  
  PGDM
  
  181. FLAME University
  
  Pune
  
  MBA
  
  182. FOSTIIMA Business School
  
  Delhi
  
  PGDM
  
  183. SIES
  
  Mumbai
  
  PGDM
  
  184. NIA SOM
  
  Pune
  
  PGDM (Insurance)
  
  185. Amrita Vishwa Vidyapeetham
  
  Coimbatore
  
  MBA
  
  186. BIMM
  
  Pune
  
  PGDM
  
  187. Army Institute of Management
  
  Kolkata
  
  MBA
  
  188. Acharya Bangalore Business
  School
  
  Bangalore
  
   MBA
  
  189. KIIT
  
  Odisha
  
  MBA
  

All the best
GP