Top NIRF Ranked MBA Colleges in India Based on 2024 Rankings
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The NIRF Ranked MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIT Delhi, XLRI, etc. There are more than 5000 MBA colleges in India, of which more than 4000 are private and 729 are owned by Government.
- IIM Ahmedabad is the best MBA college in India, per NIRF Ranking for 2023.
- IIM Kozhikode improved its ranking as it shifted to rank 3 in 2023 as compared to rank 5 in 2022. Check MBA Admissions 2023
- IIM Calcutta declined in its ranking as it shifted to rank 4 in 2023 when as compared to rank 3 in 2022.
- NITIE Mumbai is constantly improving its Ranking. Last year it jumped from 17th position to 9th position and this year it manages to secure #7th place in the list.
- IIT Delhi, NIE Mumbai, and XLRI Jamshedpur are some of the best MBA colleges in India other than IIM colleges ranked among the top 10 MBA colleges in India.
- The IIMs' selection criteria are based on the candidate's performance in the Written Ability Test (WAT) and Personal Interview (PI), as well as the candidate's CAT score, work experience, gender diversity, work history, and overall academic record. Check MBA entrance exams
NIRF Management Ranking 2023
The top 10 NIRF-ranked MBA colleges in India have been listed below. Check the list of top 10 MBA Colleges in India
| NIRF Ranking 2023 | College Name | NIRF Score |
|---|---|---|
| 1. | Indian Institute of Management Ahmedabad | 83.20 |
| 2. | Indian Institute of Management Bangalore | 80.89 |
| 3. | Indian Institute of Management Kozhikode | 76.48 |
| 4. | Indian Institute of Management Calcutta | 75.53 |
| 5. | Indian Institute of Technology Delhi | 74.14 |
| 6. | Indian Institute of Management Lucknow | 74.11 |
| 7. | National Institute of Industrial Engineering, Mumbai | 71.99 |
| 8. | Indian Institute of Management Indore | 71.95 |
| 9. | XLRI-Xavier School of Management | 70.75 |
| 10. | Indian Institute of Technology Bombay | 68.11 |
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Top NIRF-Ranked MBA Colleges in India
National Institutional Ranking Framework - NIRF is a method that the Indian government adopts to rank top Education institutions. It is under the Ministry of Education and ranks a college/ University based on various parameters. Every year NIRF publishes ranking lists of top Institutions in India for different domains. NIRF is the most trustworthy and popular Ranking agency in India. Check the Ranking of Top MBA Colleges in India
NIRF ranks the institutions across India based on 5 parameters and they are (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and, (5) Perception. The following pie chart below depicts the weightage of different parameters used for ranking the best MBA colleges in India.
The table below highlights the top NIRF-ranked MBA colleges in India.
| College Name | NIRF Rank 2023 | NIRF Rank 2022 | NIRF Score |
|---|---|---|---|
| Indian Institute of Management Ahmedabad | 1 | 1 | 83.20 |
| Indian Institute of Management Bangalore | 2 | 2 | 80.89 |
| Indian Institute of Management Kozhikode | 3 | 5 | 76.48 |
| Indian Institute of Management Calcutta | 4 | 3 | 75.53 |
| Indian Institute of Technology Delhi | 5 | 4 | 74.14 |
| Indian Institute of Management Lucknow | 6 | 6 | 74.11 |
| National Institute of Industrial Engineering, Mumbai | 7 | 9 | 71.99 |
| Indian Institute of Management Indore | 8 | 7 | 71.95 |
| XLRI-Xavier School of Management | 9 | 8 | 70.75 |
| Indian Institute of Technology Bombay | 10 | 11 | 68.11 |
| Indian Institute of Management Raipur | 11 | 14 | 66.18 |
| Indian Institute of Management Rohtak | 12 | 16 | 65.88 |
| Management Development Institute | 13 | 13 | 64.88 |
| Indian Institute of Technology Kharagpur | 14 | 12 | 63.92 |
| Indian Institute of Technology Madras | 15 | 10 | 62.83 |
| Indian Institute of Management Udaipur | 16 | 22 | 62.78 |
| Symbiosis Institute of Business Management | 17 | 17 | 62.74 |
| Indian Institute of Technology Roorkee | 18 | 19 | 62.14 |
| Indian Institute of Management Kashipur | 19 | 23 | 61.07 |
| S.P. Jain Institute of Management & Research | 20 | 21 | 60.91 |
| SVKM`s Narsee Monjee Institute of Management Studies | 21 | 25 | 60.84 |
| Indian Institute of Management Tiruchirappalli | 22 | 18 | 60.83 |
| Indian Institute of Technology Kanpur | 23 | 20 | 60.63 |
| Indian Institute of Management Ranchi | 24 | 15 | 59.99 |
| Jamia Millia Islamia,New Delhi | 25 | 29 | 59.78 |
| Indian Institute of Management Shillong | 26 | 26 | 59.12 |
| Indian Institute of Foreign Trade | 27 | 24 | 58.60 |
| Amity University | 28 | 28 | 58.56 |
| Indian Institute of Management Visakhapatnam | 29 | 33 | 57.57 |
| Amrita Vishwa Vidyapeetham | 30 | 27 | 57.02 |
Top NIRF Ranked Private MBA Colleges in India
The Private MBA Colleges in India has several advantages over government MBA colleges in India, including smaller class sizes frequently and personalized attention from lecturers. Typically, courses at private colleges are more adaptable, allowing students to customize their education to fit their interests. Check the top Private MBA Colleges in India
The table below enlists the top NIRF-Ranked Private MBA colleges in India for 2023.
| NIRF Ranking 2023 | College Name | NIRF Score |
|---|---|---|
| 9 | XLRI-Xavier School of Management | 70.75 |
| 13 | MDI Gurgaon | 64.88 |
| 17 | SIBM Pune | 62.74 |
| 20 | S.P. Jain Institute of Management & Research | 60.91 |
| 21 | SVKM`s Narsee Monjee Institute of Management Studies | 60.64 |
| 28 | Amity University | 58.56 |
| 30 | Amrita Vishwa Vidyapeetham | 57.02 |
| 31 | Great Lakes Institute of Management | 52.62 |
| 32 | Lovely Professional University | 56.44 |
| 33 | Goa Institute of Management | 56.28 |
Top NIRF-Ranked Government MBA Colleges in India
Government colleges are preferable to private colleges since they are less expensive. The alumni networks at government universities are frequently bigger, which is advantageous for networking and job placement. Government institutions frequently have a stronger focus on research, which is advantageous for students who want to work in academics or scientific research. Check Top Government MBA Colleges in India
The following table highlights NIRF-Ranked Government MBA Colleges in India.
| NIRF Ranking 2023 | College Name | NIRF Score |
|---|---|---|
| 1 | Indian Institute of Management Ahmedabad | 83.20 |
| 2 | Indian Institute of Management Bangalore | 80.89 |
| 3 | Indian Institute of Management Kozhikode | 76.48 |
| 4 | Indian Institute of Management Calcutta | 75.53 |
| 5 | Indian Institute of Technology Delhi | 74.14 |
| 6 | Indian Institute of Management Lucknow | 74.11 |
| 7 | National Institute of Industrial Engineering, Mumbai | 71.99 |
| 8 | Indian Institute of Management Indore | 71.95 |
| 9 | Indian Institute of Technology Bombay | 68.11 |
| 10 | Indian Institute of Management Raipur | 66.18 |
NIRF Ranking Methodology 2023
NIRF assigns rankings to schools based on a set of uniform criteria. Prior to the establishment of NIRF, commercial organizations typically ranked higher education institutions.
- With regard to 11 different areas, including overall, university, colleges, engineering, management, pharmacy, law, medical, architecture, dental, and research.
- The ranking, which includes 11 separate categories, is based on a set of uniform criteria. The broad categories of the characteristics include "Teaching Learning and Resources," "Research and Professional Practice," "Graduation Outcomes," "Outreach and Inclusivity," and "Perception."
NIRF Ranking Parameters & Weightage 2023
NIRF ranks Indian universities and colleges according to their performance on five different criteria:
- Teaching, Learning, and Resources (TLR)
- Research and Professional Practice (RP)
- Outreach and Inclusivity (OI)
- Graduation Outcomes (GO)
- Perception (PR)
| NIRF Ranking Parameters & Sub-Parameters | Marks Assigned | Total Marks & Ranking Weightage |
|---|---|---|
| Teaching, Learning and Resources | Total Marks: 100 Ranking Weightage: 0.30 |
|
| Student Strength incl. doctoral students | 20 | |
| Faculty-student ratio | 30 | |
| Combined metric for faculty with PhD | 20 | |
| Financial resources utilization | 30 | |
| Research and Professional Practice | Total Marks: 100 Ranking Weightage: 0.30 |
|
| Combined metric for publications | 35 | |
| Combined metric for quality of publications | 35 | |
| IPR and patents | 15 | |
| Footprint of projects & professional practice (FPPP) | 15 | |
| Graduation Outcome | Total Marks: 100 Ranking Weightage: 0.20 |
|
| Metric for university examinations | 60 | |
| Metric for number of PhD graduated | 40 | |
| Outreach and Inclusivity | Total Marks: 100 Ranking Weightage: 0.10 |
|
| [Region Diversity (RD)] | 30 | |
| Percentage of women | 30 | |
| Economically & socially challenged student | 20 | |
| Facilities for physically challenged students | 20 | |
| Perception | Total Marks: 100 Ranking Weightage: 0.10 |
|
| Peer Perception: (PR) | 100 | |
Top MBA Entrance Exams in India
The most common entrance examinations in India are CAT, MAT, XAT, GMAT, etc. The most significant entrance exam for MBA admission in India is the CAT score. Other MBA entrance tests are typically exclusive to a certain state or institute.
The application deadlines for the MBA entrance exam for the academic year 2023 are listed in the table below.
| Exam Name | Registration Date | Exam Date | Result Date |
|---|---|---|---|
| MAH CET | March 2023 – May 2023 | March 18-19, 2023 | September 2023 |
| ATMA | December 24, 2022 – February 17, 2023 | February 25, 2023 (February session) May 28, 2023 (May session) July 23, 2023 (July session) |
March 2, 2023 (February session) |
| CAT | August 3, 2022 – September 14, 2022 | November 27, 2022 | December 21, 2022 |
| CMAT | December 26, 2022 – February 25, 2023 | March 26, 2023 | April 28, 2023 |
| GMAT | Throughout the year | Throughout the year | Depending on the Exam |
| MAT | PBT Mode: February 14, 2023 (Last Date) CBT 1 Mode: February 21, 2023 (Last Date) CBT 2 Mode: February 27, 2023 (Last Date) |
PBT Mode: February 19, 2023 CBT 1 Mode: February 26, 2023 CBT 2 Mode: March 4, 2023 |
To be Announced |
| NMAT | August 1, 2022 – October 10, 2022 | October 10, 2022 – December 19, 2022 | Within 48 hours of exam delivery |
| SNAP | August 4, 2022 – November 24, 2022 | December 10, 2022 December 18, 2022 December 23, 2022 |
January 10, 2023 |
| XAT | August 10, 2022 – December 12, 2022 | January 8, 2023 | January 28, 2023 |
| CUET PG | March 20, 2023 – April 19, 2023 | June 1 – 10, 2023 | 1st week of July 2023 |
FAQs
Ques. How are MBA college rankings determined by the NIRF?
Ans. The following five factors are used to determine the NIRF rating of MBA colleges:
- Teaching, learning, and resources: This criterion evaluates the standard of the college's instruction, learning, and resources.
- Research and professional practice: This criterion rates the caliber of the college's faculty members and students' professional practice and research.
- Results of graduation: This factor evaluates the employability of college graduates.
- The college's efforts to promote inclusivity and outreach are evaluated by this metric.
- Perception: This variable evaluates how academics and professionals in the sector see the college.
Ques. What prerequisites must a student meet in order to be admitted to MBA programs at NIRF-ranked institutions?
Ans. Different NIRF-ranked colleges have different admissions standards for their MBA degrees. The majority of universities, however, require that applicants have bachelor's degrees with a minimum percentage of 50% along with CAT or GMAT.
Ques. What is the typical cost of an MBA program at universities with the highest NIRF rankings?
Ans. The average annual tuition fee for MBA programs is INR 20 lakhs.
Ques. What are the advantages of attending an MBA college with a high NIRF ranking?
Ans. Studying at an MBA college with a higher NIRF ranking offers several advantages, such as:
- Availability of top-notch faculty and resources
- Strong alumni network,
- Exposure to cutting-edge research, and promising job possibilities
Ques. What is the outreach and inclusivity parameter of NIRF ranking 2023?
Ans. Some of the points are listed below:
- This metric's primary focus is on the proportion of female students and other disadvantaged and minority students in a given institution.
- Economically and socially disadvantaged students: It depends on how many of these students get the institute to pay their entire tuition.
Ques. What is the duration of the MBA programs in these colleges?
Ans. The duration of MBA programs in these colleges is generally two years. However, some colleges may offer executive MBA programs for working professionals, which can have different durations.
Ques. What is the fee structure for MBA programs in these colleges?
Ans. The fee structure for MBA programs in these colleges can vary significantly. It depends on factors such as the institution, program, specialization, and whether the student is from India or abroad. The average fee is INR 20 Lakhs
Ques. Are these colleges internationally recognized?
Ans. Yes, many of these colleges have gained international recognition for their academic excellence, faculty expertise, and alumni network. The IIMs and IITs, in particular, have established a strong global reputation.
Ques. What is the average placement package offered to students of these colleges?
Ans. The average placement packages offered to students of these top MBA colleges can vary each year. However, historically, they have been known to provide attractive placement opportunities with high average salaries ranging from lakhs to crores of Indian Rupees per annum.
Ques. Are these colleges located in specific cities in India?
Ans. Yes, these colleges are spread across various cities in India. For example, IIM Ahmedabad is located in Ahmedabad, IIM Bangalore in Bangalore, IIM Calcutta in Kolkata, and IIM Lucknow in Lucknow. Each college has its unique location and campus facilities.
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| #29 |  IIM Raipur Indian Institute of Management, Raipur Raipur, Chhattisgarh |MHRD, AACSB Approved | ₹ 14,95,000Executive MBA- Total FeesCompare Fees | ₹ 18,15,000Average Package₹ 42,29,000Highest PackageCompare Placement | 4 / 5 Based on 69 User ReviewsBest in Placements | #14th/125 in India  2024   + 5 More |
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