Hey there. Looking for the top business schools in India?! Well, you can find your answers here. When we talk about the best business schools in India, the first thing that comes to our minds is the Indian Institute of Management (IIMs). Right?! Because IIMs are the best as it has state-of-the-art facilities and some of the best faculties.
However, out of 21 IIMs, which are the best ones? Well, I have come up with the top business schools in India according to several factors like NIRF rankings, facilities, faculties, recognitions, and more. Explore the article and get to study in one of the top business schools in India!
Here Are the Top Business Schools in India!
1. Indian Institute of Management, Ahmedabad
IIM Ahmedabad maintains a 100% placement rate for its MBA Class of 2024, reflecting its commitment to academic excellence and grooming future leaders. The institute holds the 1st position by National Institutional Ranking Framework (NIRF), and Indian Institutional Ranking Framework (IIRF). By the Financial Times’ 2024 MBA ranking, IIMA is one of the top 10 business schools in India, with the second-highest post-graduation pay in Asia and near-perfect placement. Globally ranked 16th for its alumni network and highest alumni satisfaction score among Indian schools.
| Established Year | 1961 |
| Top recruiters | Amazon, Microsoft |
| Highest Salary Package Offered | INR 61.48 LPA |
| Location | Vastrapur, Ahmedabad, Gujarat |
2. Indian Institute of Management, Bangalore
Do you know that IIM Bangalore is one of the first IIMs to collaborate with prominent companies like Goldman Sachs, Kotak Bank, and the Michael and Susan Dell Foundation to foster women’s entrepreneurship? Moreover, IIM Bangalore has also played a vital role in developing the government online education portal called SWAYAM. NSRCEL is a start-up incubator of IIM Bangalore that has launched over 100 startups in the social entrepreneurship program, impacting the lives of more than 1.3 million people Due to these aspects, IIM Bangalore is known as one of the best business schools in India.
| Established Year | 1973 |
| Top recruiters | Boston Consulting Group, Bain & Company, Accenture, TCS, McKinsey & Company, Adani Group, Paytm |
| Highest Salary Package Offered | INR 1.15 CPA |
| Location | Bilekahalli, Bengaluru |
3. Indian Institute of Management, Kozhikode
How about pursuing a degree in God’s own country? Yes, there is a top business school in the state of Kerala for you to do your MBA. It is none other than IIM Kozhikode. I guess IIM Kozhikode is the only campus where you can see a lot of eye-catching greeneries. Additionally, IIMK is also home to the first museum dedicated to Indian Business, established in 2013.
IIMK is the first IIM to receive the prestigious AMBA accreditation, joining the ranks of other notable institutions like London Business School and INSEAD. This institution has been ranked 3rd in the MHRD-NIRF Ranking 2023 in the Management category which makes it one of the top business schools in India. IIM Kozhikode had about 123 top-notch recruiters who participated in the placements in 2023.
| Established Year | 1996 |
| Top recruiters | Amazon, Accenture Strategy, American Express |
| Highest Salary Package Offered | INR 67.02 LPA |
| Location | Calicut, Kerala |
4. Indian Institute of Management, Calcutta
Indian Institute of Management Calcutta is one of the three institutions that has gained accreditations from the AACSB, AMBA, and EQUIS. Moreover, it is the only business school in India that is part of the CEMS Global Alliance in Management Education. One of the biggest strengths of IIMC is its renowned faculties who have published more than a thousand papers in the leading international journals.
IIM Calcutta was ranked 4th by NIRF with an overall score of 75.53 in the year 2023. This institution has also achieved a 100% success rate recently which makes them one of the top business schools in India.
| Established Year | 1961 |
| Top recruiters | Accenture, Deloitte, KPMG |
| Highest Salary Package Offered | INR 1.2 CPA |
| Location | Kolkata, West Bengal |
5. Indian Institute of Technology, Delhi
If you think that IIT is only for engineering students you are wrong. It is not only the best institution for engineering but also for pursuing Business Management courses as well. IIT Delhi is known for its excellence in training, research, and development in science, engineering, and technology. It has been instrumental in contributing to India’s technological advancements and innovation.
In the latest NIRF rankings, IIT Delhi was ranked 2nd in the Engineering category and 3rd in the overall category. According to the QS World University Ranking for Business and Management Studies in 2023, IIT Delhi proudly holds the 4th position in India and ranked 16 by Business Today 2023 under the Management category. It has produced over 60,000 graduates in various disciplines, including nearly 5,070 PhD degrees which makes it one of the top business schools in India.
| Established Year | 1961 |
| Top recruiters | Microsoft, Goldman Sachs, Texas Instruments, Air India, and Bajaj Auto23 |
| Highest Salary Package Offered | INR 2.5 CPA |
| Location | Katwaria Sarai, New Delhi, Delhi |
6. Indian Institute of Management, Lucknow
Indian Institute of Management Lucknow is the fourth IIM established in India. It is the largest IIM campus which has over 200 acres and is located in a cultural heritage site. This IIM Lucknow is also responsible for mentoring the newly established IIMs like IIM Jammu, IIM Rohtak, etc. As the Institute has a strong placement record with the 2024 batch securing 634 offers for 576 students, that’s why it stands as one of the top business schools in India.
Do you know that IIM Lucknow is the first IIM in the country to start an additional campus? The institute offers several programs, including the flagship Post Graduate Programme in Management (PGP) and other specialized programs like Agribusiness Management, and Sustainable Management. According to NIRF 2023 and IIRF 2024, IIM Lucknow holds the 6th position, also it has secured a rank within the top 150-200 in the International rankings of QS Global, indicating its global appeal and standards.
| Established Year | 1984 |
| Top recruiters | Accenture, Deloitte, McKinsey, Microsoft, Adani Group, Bain & Company |
| Highest Salary Package Offered | INR 1.23 CPA |
| Location | Prabandh Nagar, IIM Road, Lucknow |
7. Indian Institute of Management, Mumbai
Indian Institute of Management Mumbai has a campus expanding over 67 acres near the Vihar lake. This institution was formed as a result of PM Gati Shakti master plan now considered the foremost business school in India.
IIM Mumbai has ranked 7th among management schools in India by the NIRF in 2023. According to MHRD, IIM Mumbai has been recognized as one of India’s Ivy League Business Schools for 5 decades. The institute offers a wide range of Industrial Engineering and Management courses such as PGDIE, PDGIM, PGDISEM, etc. These highlights reflect IIM Mumbai’s commitment to excellence in management education and stand as one of the top business schools in India.
| Established Year | 1963 |
| Top recruiters | Apple, Accenture Strategy, Zepto, Wipro |
| Highest Salary Package Offered | INR 78.20 LPA |
| Location | Powai near Vihar Lake, Mumbai |
8. Xavier School of Management, Jamshedpur
The only non-IIM business school in India is Xavier School of Management Jamshedpur. Also, it is the oldest business school in India which was established in 1949. The reason why this institution stands as one of the top business schools in India is it plans to go carbon-free with principles of responsible management education.
XLRI is one of the oldest management institutes in India and has been recognized for its significant contributions to academic excellence, strong alumni network, industry connections, and a high rate of successful placements with top recruiters underscore XLRI’s reputation as a premier management institution in India. It has been ranked 9th by the NIRF Ranking 2023 and 1st position by IIRF Ranking 2024. According to the QS World ranking, XLRI holds the 5th in India and 13th in Asia. These accreditations contribute to XLRI’s status as one of the top business schools in India, and globally.
| Established Year | 1949 |
| Top recruiters | Accenture, Amazon, Boston Consulting Group, HCL, Tata Steel |
| Highest Salary Package Offered | INR 75 LPA |
| Location | Circuit House Road, Jamshedpur, Jharkhand |
9. Indian Institute of Technology, Bombay
What if I said that a business management school in the IIT Bombay campus? This business school is named Shailesh ji Mehta School of Management after one of the best alumni of IIT Bombay. This institution provides practical learning and almost all Business Management courses for MBA aspirants.
SJMSOM is ranked 5th in the QS World Rankings for its MBA program and 10th position in the ‘Management’ category of NIRF making it one of the top business schools in India. IIT Bombay has been declared an ‘Institute of National Importance’ and has contributed significantly to academia, research, industry, and society. The Institute encourages a belief in entrepreneurship, that enhances students to develop and pursue new business ideas, That’s why IIT Bombay has the highest number of successful start-up entrepreneurs in India.
| Established Year | 1958 |
| Top recruiters | Apple, Google, Jaguar, Qualcomm, |
| Highest Salary Package Offered | INR 1 CPA |
| Location | Powai, Mumbai |
10. Indian Institute of Management, Indore
Do you know that the Indian Institute of Management Indore is providing a 5 year integrated management course?! Yes, apart from the ordinary Management courses, the institution comes up with a unique course that the students need to join soon after the completion of their 12th standard. Also, the Indian Institute of Management Indore is the second largest IIM in India spanning over 193 acres.
IIM Indore is the 2nd IIM that has earned the triple crown in India by obtaining three global Union recognitions such as AMBA (UK), AACSB (USA), and EQUIS (European Union). It is also ranked 7th position by NIRF and 151st position by QS World University ranking making it one of the top business schools in India.
| Established Year | 1996 |
| Top recruiters | HDFC Bank, Navi, Ola Electric, etc. |
| Highest Salary Package Offered | INR 1 CPA |
| Location | Rau-Pithampur Road, Indore |
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