Jayein toh Jayein kahaan 2021: Top MBA Colleges
A student seeking my advice on which Top MBA Colleges 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 15 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 as location plays an important role in determining placements. Going forward, with WFH and virtual offices the importance of location will reduce but at present it is an important parameter especially for Cluster 5 and 6 institutes. 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 120 Top MBA Colleges 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 (Clusters 1 – 6) and within a cluster they are further segregated into three sub-clusters (A, B and C). Cluster 1 has the most preferred institutes and Cluster 6 has (relatively) the less preferred institutes as compared to the first five clusters. Similarly, within each cluster subcluster A is the most preferred and C less preferred than subcluster A or B.
The reason why subclusters have been introduced is that when 2 or more institutes are very close to each other, the choice of institute has to be on parameters that are individual specific. For example: a campus might be important for some students while fee might be important for some other student.
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 programs (if not institutes) that I would have missed out due to lack of awareness.
It is worth noting that Institutes in the first few clusters have been ranked based on a few more parameters.
Undoubtedly, like every year IIM Ahmedabad, Bengaluru and Calcutta acquire the top three positions in best B-schools’ preference list. With excellent placement record, great reputation and endless opportunities these institutes stand as crème de la crème institutes.
FMS Delhi, IIM Lucknow and XLRI are all equally good and one can choose any of these based on one’s specific requirements. If you are a candidate with over 3 years work-experience then you should be looking at ISB Hyderabad which offers a one-year course and accepts GMAT score for admission.
FMS DU, TISS and JBIMS stand out in terms of excellent “value for money” institutes due to their very low fee and excellent placements however the 85% reservation for Maharashtra pushes JBIMS lower in my order of preference.
TISS is a little lower in the list but that’s mostly because it is a specialized program. A general management program is generally 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 a particular stream (in this case HR) then it would rank higher for you. For e.g. if you are looking for a specialization in HR then XLRI and TISS would be your preferences.
|CLUSTER – 1|
|1||1A||Indian Institute of Management (IIM-A)||Ahmedabad||PGP|
|2||1A||Indian Institute of Management (IIM-B)||Bengaluru||PGP|
|3||1A||Indian Institute of Management (IIM-C)||Kolkata||PGDM|
|4||1B||Indian Institute of Management (IIM-L)||Lucknow||PGPM|
|5||1B||Faculty of Management Studies (FMS) – DU||New Delhi||MBA|
|6||1B||Indian School of Business (ISB)||Hyderabad||PGP|
|7||1B||Xavier Labour Research Institute (XLRI)||Jamshedpur||HRM|
|8||1B||Xavier Labour Research Institute (XLRI)||Jamshedpur||BM|
|9||1B||Tata Institute of Social Sciences (TISS)||Mumbai||MA HRM LR|
|10||1B||Jamnalal Bajaj Institute of Management Studies (JBIMS)||Mumbai||MMS|
|11||1C||SP Jain Institute of Management & Research (SPJIMR)||Mumbai||PGDM|
|12||1C||Indian Institute of Management (IIM-K)||Kozhikode||PGP|
|14||1C||Indian Institute of Management (IIM-I)||Indore||PGPM|
|11||1C||Management Development Institute (MDI)||Gurgaon||PGPM|
|15||1C||Indian Institute of Foreign Trade (IIFT)||New Delhi||MBA|
|16||1C||Xavier Labour Research Institute (XLRI)||NCR||MBA|
Watch Video to Know more about Top MBA Colleges in Cluster 1:
Many other IIMs and non-IIM colleges are part of cluster 2. This cluster shows that some non-IIMs make their mark as better B-schools than most of the IIM colleges in terms of growth, learning and placements. IIFT Kolkata is listed in cluster 2A above many other older and more established institutes because it has a common placement process with IIFT Delhi and hence there is no disparity among the two institutes. Similarly, 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.
Three well known technical institutes (IIT Bombay/Delhi and NITIE) make their presence felt in this cluster, all three are well known MBA in Operations/Systems/Analytics.
The IB programs of MDI Gurgaon is in this cluster and not in Cluster 1 due to cost considerations.
The new IIMs feature at the bottom of 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 and Trichy have done exceedingly well in the last couple of years in building their reputation as a good B-school among the new IIMs, also these three institutes are now comparable to NMIMS Mumbai and SIBM Pune. While NMIMS Mumbai could be preferred for Finance, SIBM Pune could be looked up for Marketing and HR.
|CLUSTER – 2|
|17||2A||Indian Institute of Management (IIM-L)||Lucknow||PGP ABM|
|18||2A||Indian Institute of Foreign Trade (IIFT)||Kolkata||MBA|
|19||2A||Indian Institute of Technology Bombay – SJSOM||Mumbai||M. Management|
|20||2A||National Institute of Industrial Engineering (NITIE)||Mumbai||PGDIM|
|21||2A||Indian Institute of Management Shillong||Shillong||PGPM|
|22||2B||Indian Institute of Management (IIM-A)||Ahmedabad||PGP FABM|
|23||2B||Indian Institute of Technology Delhi – DMS||New Delhi||MBA|
|24||2B||Management Development Institute (MDI)||Gurgaon||PGPM HRM|
|25||2B||Management Development Institute (MDI)||Gurgaon||PGPM IM|
|26||2C||National Institute of Industrial Engineering (NITIE)||Mumbai||PGDISEM|
|27||2C||Symbiosis Institute of Business Management (SIBM)||Pune||MBA|
|28||2C||Indian Institute of Management Ranchi||Ranchi||PGDM|
|29||2C||Indian Institute of Management Trichy||Tiruchirapalli||PGPM|
|30||2C||Indian Institute of Management Udaipur||Udaipur||PGP|
|31||2C||Narsee Monjee Institute of Management Studies (NMIMS)||Mumbai||Core|
Watch Video to Know more about Top MBA Colleges in Cluster 2:
B-schools such as MICA and IRMA that offer specialized programs find their spot in this cluster. It must be understood that in their specialization, these two B-schools are the among best in the country. For example, MICA is regarded as one of the topmost B-schools in country for its Marketing and Advertising program.
Two old established good institutes in this cluster are XIMB and IMT Ghaziabad, both provide excellent placement opportunities.
For candidates with over 2 years of work experience Great Lakes Chennai 1 year program (PGPM) can be considered over others despite a lack of AICTE recognition as it has excellent placements due to industry recognition.
In this cluster the IITs can be preferred over the others due to their low fee and good placements especially if you are interested in specializing in operations/systems/analytics.
|CLUSTER – 3|
|32||3A||Symbiosis Centre for Management and HRD (SCMHRD)||Pune||MBA|
|33||3A||Indian Institute of Management Raipur||Raipur||PGP|
|34||3A||Indian Institute of Management Kashipur||Kashipur||PGP|
|35||3A||Indian Institute of Management Rohtak||Rohtak||PGP|
|36||3B||Indian Institute of Technology Kharagpur – VGSOM||Kharagpur||MBA|
|37||3B||Mudra Institute of Communications Ahmedabad (MICA)||Ahmedabad||PGDM-C|
|38||3B||Xavier Institute of Management (XIMB)||Bhubaneswar||MBA BM|
|39||3B||Xavier Labour Research Institute (XLRI)||Jamshedpur||Global MBA|
|40||3C||Indian Institute of Management Ranchi||Ranchi||PGDHRM|
|41||3C||Institute of Management Technology (IMT)||Ghaziabad||PGDM|
|42||3C||International Management Institute (IMI)||New Delhi||PGDM|
|43||3C||Institute of Rural Management (IRMA)||Anand||PGPRM|
|44||3C||Sydenham Institute of Management Studies (SIMSREE)||Mumbai||PGDBM|
|45||3C||Great Lakes Institute of Management (GLIM)||Chennai||PGPM – 1 year|
|46||3C||Indian Institute of Technology Madras – DMS||Chennai||MBA|
Watch Video to Know more about Top MBA Colleges in Cluster 3 :
Highlights of this cluster are the old established institutes (TAPMI, GIM, KJ Somaiya, BIM Trichy etc) which are well known regionally and the latest IIMs like Vizag, Nagpur and others.
This cluster also has specialized programs of some of the top MBA institutes (PGDISEM of NITIE, MSc Finance of JBIMS, HR programs of NMIMS and XIMB etc.) and the value for money MBA programs of Delhi University (MFC, MHROD, MBE).
|CLUSTER – 4|
|47||4A||T A Pai Management Institute (TAPMI)||Manipal||PGDM|
|48||4A||Indian Institute of Management (IIM-V)||Vishakhapatnam||PGP|
|49||4A||Indian Institute of Management (IIM-N)||Nagpur||PGP|
|50||4A||Jamnalal Bajaj Institute of Management Studies||Mumbai||MSc Finance|
|51||4A||National Institute of Industrial Engineering (NITIE)||Mumbai||PGDISEM|
|52||4A||Indian Institute of Science (IISc)||Bengaluru||M.Mmgt (Tech Mgmt)|
|53||4A||Indian Institute of Management (IIM-Amritsar)||Amritsar||PGP|
|54||4A||Indian Institute of Technology Kanpur – DMS||Kanpur||MBA|
|55||4A||Narsee Monjee Institute of Management Studies||Mumbai||MBA HR|
|56||4A||Master of Finance & Control (MFC), DU||New Delhi||MBA Fin|
|57||4A||Xavier Institute of Management (XIMB)||Bhubaneswar||MBA HRM|
|58||4B||Master of HR and Organisational Development, DSE, Delhi Univ.||New Delhi||MHROD|
|59||4B||Indian Institute of Management (IIM-Bodh Gaya)||Bodh Gaya||PGP|
|60||4B||Indian Institute of Management (IIM-J)||Jammu||PGP|
|61||4B||Indian Institute of Technology Roorkee – DMS||Roorkee||MBA|
|62||4B||Goa Institute of Management (GIM)||Goa||PGDM|
|63||4B||Symbiosis Institute of International Business (SIIB)||Pune||MBA IB|
|64||4B||K J Somaiya Institute of Management Studies & Research (SIMSR)||Mumbai||PGDM, IB, FM, Retail|
|65||4B||Bharathidasan Institute of Management (BIM)||Tiruchirapalli||MBA|
|66||4B||BITS Pilani, Department of Management||Pilani||MBA|
|67||4B||Indian Institute of Management (IIM-S)||Sirmaur||PGP|
|68||4C||Indian Institute of Management (IIM-L)||Greater Noida||PGP SM|
|69||4C||Indian Institute of Management (IIM-Sambalpur)||Sambalpur||PGP|
|70||4C||Department of Business Economics, Delhi University||New Delhi||BE|
|71||4C||Loyola Institute of Business Administration (LIBA)||Chennai||PGDM|
|72||4C||FORE School of Management||New Delhi||PGDM, IB|
Watch Video to Know more about Top MBA Colleges in Cluster 4:
Cluster 5 and 6:
If you have not made it to any institute upto Cluster 4 and CAT/XAT retake is not an option or you think that in a retake you will not be able improve your score significantly then it is the Cluster 5 and 6 institutes that you are looking at. The institutes included in these two clusters provide good education and decent career opportunities, obviously the role profiles and salary levels will be lower than what would be available in a higher cluster institute.
|CLUSTER – 5|
|73||5A||Delhi School of Management – Delhi Technological University (DTU)||New Delhi||MBA|
|74||5A||Nirma University – Institute of Management (IMNU)||Ahmedabad||MBA|
|75||5A||Narsee Monjee Institute of Management Studies (NMIMS)||Bengaluru||PGDM|
|76||5B||Lal Bahadur Shastri Institute of Management (LBS)||New Delhi||PGDM, Finance|
|77||5B||Institute of Financial Management & Research (IFMR)||Chennai||PGDM, PGDM-WE|
|78||5B||Symbiosis Institute of Business Management (SIBM)||Bengaluru||MBA|
|79||5B||Symbiosis Institute of Operations Management (SIOM)||Nasik||MBA Ops|
|80||5B||International Management Institute (IMI)||New Delhi||PGDHRM|
|81||5B||Symbiosis Institute of Telecom Management (SITM)||Pune||MBA|
|82||5B||Symbiosis Institute of Management Studies (SIMS)||Pune||MBA|
|83||5B||Symbiosis Institute of Mass Communication (SIMC)||Pune||MBA CM|
|84||5C||Great Lakes Institute of Management (GLIM)||Chennai||PGDM|
|85||5C||TAPMI School of Business, Manipal University||Jaipur||MBA|
|86||5C||Great Lakes Institute of Management (GLIM)||Gurgaon||PGPM 1 year|
|87||5C||International Management Institute (IMI)||Kolkata||PGDM|
|88||5C||Institute of Management Technology (IMT)||New Delhi||DCP|
|89||5C||International Management Institute (IMI)||New Delhi||PGDM BFS|
|90||5C||SOIL Institute of Management||Gurgaon||MBA|
|91||5C||National Institute of Bank Management||Pune||PGDM B & FS|
|92||5C||Welingkar Institute of Management||Mumbai||MMS, PGDM|
|93||5C||Management Development Institute (MDI)||Murshidabad||PGP|
|94||5C||Birla Institute of Management Technology (BIM Tech)||Greater Noida||PGDM, IB|
|95||5C||Shri Ram College of Commerce (SRCC GBO), Delhi Univ.||New Delhi||GBO|
|CLUSTER – 6|
|96||6A||International School of Business & Media||Pune||PGDM|
|97||6A||Xavier Institute of Management & Entrepreneurship (XIME)||Bengaluru||PGDM|
|98||6A||Narsee Monjee Institute of Management Studies (NMIMS)||Hyderabad||PGDM|
|99||6A||Symbiosis Institute of International Business (SIIB)||Pune||MBA AB, MBA E&E|
|100||6A||Symbiosis Centre for Management and HRD (SCMHRD)||Pune||MBA-IM|
|101||6A||Symbiosis Center for Information Technology||Pune||MBA-ITBM|
|102||6A||Institute of Management Technology (IMT)||Hyderabad||PGDM|
|103||6A||Great Lakes Institute of Management (GLIM)||Gurgaon||PGPME|
|104||6B||Indian Institute of Forest Management (IIFM)||Bhopal||PGDFM|
|105||6B||Faculty of Management Studies, BHU (FMS BHU)||Varanasi||MBA MBA IB|
|106||6B||SDM Institute for Management Development (SDMIMD)||Mysore||PGDM|
|107||6B||Institute of Management and Technology IMT – Nagpur||Nagpur||PGDM|
|108||6B||ICFAI Business School||Hyderabad||MBA/PGPM|
|109||6B||Xavier Institute of Social Service (XISS)||Ranchi||HR|
|110||6B||NL Dalmia Institute of Management Studies and Research||Mumbai||PGDM|
|111||6C||University Business School (UBS)||Chandigarh||MBA|
|112||6C||Symbiosis Institute of Business Management- Hyderabad||Hyderabad||MBA|
|113||6C||BML Munjal University||Gurgaon||MBA|
|114||6C||Symbiosis Institute of Computer Studies and Research (SICSR)||Pune||MBA-IT|
|115||6C||Xavier Institute of Management (XIMB)||Bhubaneswar||MBA – Rural Mgmt|
|116||6C||Xavier Institute of Social Service (XISS)||Ranchi||Marketing & Finance|
|117||6C||Kirloskar Institute of Advanced Management Studies||Harihar and Pune||PGDM|
|118||6C||Xavier Institute of Management & Entrepreneurship (XIME)||Kochi||PGDM|
|119||6C||Symbiosis Institute of Health Services (SIHS)||Pune||MBA|
|120||6C||Symbiosis Institute of Banking and Finance (SSBF)||Pune||MBA BF, PGDBF|
All the best