Business Schools in India: As reported by MHRD-NIRF rankings 2021, the top business schools in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, and IIM Delhi.
IIM Bangalore has been ranked sixth In the 2021 Asia-Pacific B-Schools ranking by Bloomberg Businessweek.
Indian government releases an annual ranking of top MBA colleges in India under the National Institutional Ranking framework or NIRF. Placements, inclusivity, Graduation outcomes are all elements to contemplate.
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ALSO CHECK: All About MBA: Eligibility | Best Colleges | Job Prospects | FAQs
Top 5 Business Schools in India
Indian Institute of Management (IIM) Ahmedabad
- Location: Vastrapur, Ahmedabad
- Entrance:
CAT and GMAT are the two main exam scores that are accepted here.
Class 10th and 12th scores are considered in this b-school and then the final call is based on one composite score all combined.
The Common Admission Process, or CAP 2022, is the final selection round for MBA admission 2022 in the New IIMs. Personal interview (PI) and writing ability test (WAT) are the two main components of CAP.
- Average Cut-off: 98-99%
- Fees: For candidates opting for SSH (single student housing) student accommodation, the programme fee for the batch 2022–2023 is 30 lakhs.
- Placement: IIM Ahmedabad has gained Rs.0.30 LPA in average salary and lost Rs.14.12 lakhs per annum in the highest placements in 2020.
The highest domestic package: Rs.55.88 LPA
The average domestic package has increased to Rs.26.13 LPA, up from Rs.25.83 LPA last year.
The highest international package is up to the US $118,645 (Rs.1.32 Cr. PA) from the US $117,631 last year.
The average international package has increased from US $80,050 to US $84,200 (Eqv. Rs.61.76 LPA) this year.
Indian Institute of Management (IIM) Bangalore
- Location: Bannerghatta Road, Bangalore
- Entrance:
Students necessitate having a bachelor’s degree with a 50% (minimum) or an equivalent CGPA (45% for candidates who are from SC/ST/PwD category).
Candidates are expected to have appeared in CAT with a minimum score for the consideration of admission.
- Average Cut-off: 99-100%
- Fees: For 2 years, Rs.23,00,000, which includes tuition, library, medical insurance, personal accident insurance, and alumni activities.
- Placement: IIM Bangalore Placement witnessed higher salary packages than last year, with a rise of 10.7% in salary
The average domestic salary has increased from Rs.26.18 LPA last year to Rs.28.98 LPA this year.
The median salary has gone up to Rs.28.60 LPA in 2021 from Rs.25 LPA last year.
ALSO CHECK: CAT 2021 Exam: Eligibility | Dates | Fees | Exam Pattern | FAQs
Indian Institute of Management (IIM) Calcutta
- Location: Joka, Kolkata, West Bengal, India
- Entrance:
Students must have a Bachelor’s Degree with a minimum of 50% or equivalent CGPA
Students who are appearing for the last year examination of the qualifying exam are also can apply for CAT examination 2021 and the admission process for IIMC.
Candidates will be chosen for the Written Ability Test and Personal Interview based on their CAT 2021 score, past academic illumination. Category-based relaxation is available.
- Average Cut off: 98-99%
- Fees: For the academic year 2022-23, the programme fee will be Indian Rs.27,00,000. This amount includes tuition fees and the cost of course materials, books, accommodation, and economy airfare for study tours organised by IIMC.
- Placement: The average remuneration was recorded at INR 26.31 LPA, surpassing last year’s figure of INR 25.05 LPA with a growth of 5%.
An international offer was received with a remuneration of INR 41.29 lacs and was the maximum salary received this year.
The most expensive package is INR 41.29 LPA. The average package cost INR.26.31 LPA INR for the Median Package 24.59 LPA.
Indian Institute of Management (IIM) Kozhikode
- Location: Calicut, Kerala
- Entrance: This process is the same as all IIMs. it works like
The candidate should have completed post-graduation from a recognised university in any discipline with a minimum grade point average.
SC/ST/PWD candidates are allowed a relaxation of 5% on the minimum mandated marks.
A valid CAT, GRE, or GMAT score will be required.
- Average Cut-off: 95-98%
- Fees:
The total programme fee is Rs.10,00,000/-, payable in instalments which include programme delivery, books and instruction materials, simulations, and access to all on-campus facilities such as the library resources.
- Placement:
The highest stipend was pegged at Rs.3.74 lakh
The median stipend was recorded at Rs.2 lakh
An average stipend of Rs.2.57 lakh
Indian Institute of Technology (IIT) Delhi
- Location: New Delhi, Delhi
- Entrance:
For admission 2022, IMI New Delhi will accept XAT 2022 exam scores based on them, along with CAT 2021 and GMAT (not more than three years old) scores.
Past Academic Performance
Diversity is measured across multiple dimensions: work experience, etc.
Final Selection 2022 is based on the Personal Assessment round, which will have components like Essay Writing and Personal Interview.
- Average Cut off: 90-95%
- Placements:
IMI New Delhi has a consistent record of strong placements.
The average salary of the batch stood at Rs.12.77 LPA in placement 2021. The batch size increased to 396 students from 308 students. The average salary of the top 25% of placements for the batch was Rs.15.50 LPA.
The average salary of the top 10% of placements for the batch was Rs.17.32 LPA. The highest salary has gone up to Rs.29.75 LPA in Placement 2021 as compared to Rs.22 LPA last year.
The stipend may vary according to the subject you have chosen to specialise in.
Top 5 Business Schools in India: Frequently Asked Questions (FAQs)
- Which is the best IIM in India?
As per NIRF rankings, IIM Ahmedabad ranks 1st among all the B schools in India.
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- How many IIMs are there in India?
This brings the total number of IIMs to 20. IIM-Jammu is the latest one, starting in 2016.
- Which IIM has the highest package?
IIM Ahmedabad students have the highest domestic salary offered was Rs.55.88 LPA. And the highest international package offered Rs1.32 CPA.