Top NIRF Ranked MBA Colleges in India Based on 2024 Rankings

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

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.

Top NIRF-Ranked 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
Check the List of MBA Colleges in Top Cities in India
Mumbai Pune
Ahmedabad Bangalore
Delhi NCR Hyderabad
Indore Jaipur
Kolkata Chennai

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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Found 1173 colleges
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CD RankCollegesCourse FeesPlacementUser ReviewsRanking
#1

IIT Madras - Indian Institute of Technology - [IITM], Chennai

Chennai, Tamil Nadu |AICTE Approved
2,09,550BE/B.Tech- 1st Year FeesCompare Fees₹ 21,48,000Average Package₹ 1,98,00,000Highest PackageCompare Placement
8.5 / 10
Based on 333 User
Reviews
Best in Social Life
#1th/200 in India 2023
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#2

IIMA - Indian Institute of Management, Ahmedabad

Ahmedabad, Gujarat |UGC Approved
25,00,000MBA/PGDM- Total FeesCompare Fees₹ 34,36,000Average Package₹ 1,15,00,000Highest Package100% PlacementCompare Placement
9.1 / 10
Based on 51 User
Reviews
Best in Placements
#1th/125 in India 2023
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#3

IIM Bangalore - Indian Institute of Management, Bangalore

Bangalore, Karnataka |AICTE, UGC Approved
24,50,000MBA/PGDM- Total FeesCompare Fees₹ 35,31,000Average Package₹ 1,15,00,000Highest Package100% PlacementCompare Placement
9.2 / 10
Based on 75 User
Reviews
Best in Infrastructure
#2th/125 in India 2023
agency logoagency logoagency logo+ 7 More
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#4

IIMC - Indian Institute of Management, Kolkata

Kolkata, West Bengal |UGC Approved
25,00,000PG Diploma in Management- Total FeesCompare Fees₹ 35,07,000Average Package₹ 1,20,00,000Highest Package100% PlacementCompare Placement
8.8 / 10
Based on 85 User
Reviews
Best in Placements
#4th/125 in India 2023
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#5
1,90,300ME/M.Tech- 1st Year FeesCompare Fees₹ 25,82,000Average Package₹ 2,00,00,000Highest PackageCompare Placement
8.7 / 10
Based on 520 User
Reviews
Best in Social Life
#3th/200 in India 2023
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#6

XLRI, Jamshedpur

Jamshedpur, Jharkhand |AICTE, NBA, AACSB, AMBA Approved
24,20,000MBA/PGDM- Total FeesCompare Fees₹ 32,70,000Average Package₹ 1,10,00,000Highest PackageCompare Placement
8.8 / 10
Based on 73 User
Reviews
Best in Placements
#9th/125 in India 2023
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#7

IIT Bombay - Indian Institute of Technology - [IITB], Mumbai

Mumbai, Maharashtra |AICTE, UGC Approved
2,30,550BE/B.Tech- 1st Year FeesCompare Fees₹ 21,82,000Average Package₹ 3,67,00,000Highest PackageCompare Placement
8.8 / 10
Based on 314 User
Reviews
Best in Social Life
#4th/200 in India 2023
agency logoagency logoagency logo+ 10 More
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#8

FMS Delhi Faculty of Management Studies, New Delhi

New Delhi, Delhi NCR |AICTE Approved
1,00,000MBA/PGDM- 1st Year FeesCompare Fees₹ 34,10,000Average Package₹ 1,23,00,000Highest PackageCompare Placement
7.8 / 10
Based on 125 User
Reviews
Best in Placements
#35th/75 in India 2019
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#9

SP Jain [SPJIMR], Mumbai

Mumbai, Maharashtra |AICTE, NBA, AACSB, AMBA Approved
24,00,000MBA/PGDM- Total FeesCompare Fees₹ 33,00,000Average Package₹ 81,00,000Highest PackageCompare Placement
8.4 / 10
Based on 43 User
Reviews
Best in Placements
#20th/125 in India 2023
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#10

IIT Kharagpur - Indian Institute of Technology - [IITKGP], Kharagpur

Kharagpur, West Bengal |AICTE, UGC, NBA Approved
27,650ME/M.Tech- 1st Year FeesCompare Fees₹ 2,60,00,000Highest PackageCompare Placement
8.7 / 10
Based on 623 User
Reviews
Best in Infrastructure
#7th/200 in India 2023
agency logoagency logoagency logo+ 9 More
#11

IIML - Indian Institute of Management, Lucknow

Lucknow, Uttar Pradesh |UGC, AACSB, AMBA Approved
14,30,000MBA/PGDM- Total FeesCompare Fees₹ 28,40,000Average Package₹ 1,00,00,000Highest Package100% PlacementCompare Placement
8.5 / 10
Based on 82 User
Reviews
Best in Academics
#6th/125 in India 2023
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#12

IIT Kanpur - Indian Institute of Technology - [IITK], Kanpur

Kanpur, Uttar Pradesh |UGC Approved
2,29,200BE/B.Tech- 1st Year FeesCompare Fees₹ 1,90,00,000Highest PackageCompare Placement
8.8 / 10
Based on 399 User
Reviews
Best in Infrastructure
#5th/200 in India 2023
agency logoagency logoagency logo+ 11 More
#13

IIMI - Indian Institute of Management, Indore

Indore, Madhya Pradesh |AACSB, AMBA Approved
21,17,158MBA/PGDM- Total FeesCompare Fees₹ 25,68,000Average Package₹ 1,00,00,000Highest PackageCompare Placement
8.7 / 10
Based on 77 User
Reviews
Best in Infrastructure
#8th/125 in India 2023
agency logoagency logoagency logo+ 7 More
#14

IIMK - Indian Institute of Management, Kozhikode

Kozhikode, Kerala |AACSB, AMBA Approved
14,70,000Executive MBA- Total FeesCompare Fees₹ 31,02,000Average Package₹ 67,02,000Highest PackageCompare Placement
8.5 / 10
Based on 39 User
Reviews
Best in Infrastructure
#3th/125 in India 2023
agency logoagency logoagency logo+ 7 More
#15

IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee

Roorkee, Uttarakhand |AICTE, UGC Approved