Top 10 Business Schools in India
If you are confused over choosing the best business school for your career growth, then you can regard the business school’s ranking as your deciding factor. Ranking helps you to get deeper insights into the course’s international value in terms of money and industrial visibility.
Here is a list of top 10 business schools in India based on ranking conducted by The National Institutional Ranking framework (NIRF), an authority of government of India by using various parameters like research, professional practice, graduation outcome and teaching and learning process.
IIM-A was established in 1961 by the government of India in coordination with the Harvard business school. It is ranked first internationally by The Financial Times in global MBA Ranking on career progress ahead of world’s other premier business schools like Stanford and Harvard. IIM-A is the pioneer in all streams of management with highly efficient doctoral faculties belonging to different fields like academics, entrepreneurs and theoreticians. The mode of intake is through Common Admission Test (CAT) and Graduate Management Admission Test (GMAT).
IIM-B was founded in 1973. It is consistently ranked as one of the best business schools in India and in the Asia Pacific region. It offers post graduate, part time, international masters programs and specialized executive programs for candidates with minimum four years of experience. The doctoral program offered in IIM-B is ranked within top 50 business schools globally by The Financial Times. The admissions to all programs are through a qualifying CAT score followed by personal interview.
IIM-C was established in 1961. It serves as a autonomous body providing post graduate, executive, doctoral and distance education programs for candidates with a qualified CAT score. It is recognized by global accreditation associations like AACSB, AMBA and EQIS. The institution adorns faculties with rich research experience. IIM-C is considered to be the finest place for finance related management programs across the globe.
IIM-L is an autonomous public business school established in 1984. IIM-L offers fulltime post-graduate diploma, fellowship and international management programs accredited by the global body AMBA. It offers executive programs for managers with work experience of three to five years. It is recognized as an “Institution of Excellence” by India’s Ministry of Human Resource Development. The admission for to all regular programs is through Common Admission Test (CAT), while GMAT score is used for the executive MBA program.
IIM-K is located in Kunnamangalam, a sub-urban area of Kozhikode. It is sixth management school to been initiated in 1997. It is an autonomous body and offers full time academic courses in terms of post-graduation, executive, doctoral and international exchange program. IIM-K is the first of its kind to offer distance learning management courses to working professionals. All admissions to full time courses are finalized by the CAT score and the candidate’s performance in the interview.
IIT-D is a public engineering institution established in 1961. The school of MBA in IIT Delhi provides management courses to aspiring candidates based on a valid CAT score coupled with their performance in personal interview. It is one of the two educational institutes in India that has been listed in Quacquarelli Symonds’ (QS) list of top 200 universities globally in 2015-17. It offers full time, part time and evening courses in all major streams of MBA.
The Vinod Gupta school of Management, IIT Kharagpur (VGSoM), is a public business school located in Kharagpur, West Bengal. It was the first of its kind to institute a business school ahead of the other IITs in 1994. The school offers two-year full time residential post-graduation degrees, three-year MBA for the executives and doctoral programs. VGSoM is considered to be the best business school in India and in the Asia Pacific region.
IITR is a public university located in Roorkee, Uttarakhand. It was established in 1847 in British India by the then lieutenant governor, Sir James Thomason and was given the university status in 1949. It was then converted into an Indian Institute of Technology (IIT) in 2001. IIT Roorkee has a full range of academic departments comprising of all fields of technical and management education. IITR specializes in providing dual specialization in any two streams of management and a sandwich course comprising of a two-year residential MBA program integrated with the engineering course. The entry to admission is strictly through CAT.
Xavier School of Management has the pride of being the oldest business school in India. It was founded in 1949. It specializes in providing full time, part time, general management, executive management programs, and doctoral programs. In recent years it has started to offer virtual interactive learning program and international exchange program. The admission process is done through XLRI’s entrance test XAT (Xavier Aptitude Test) and GMAT.
IIM-I is an autonomous public school Instituted in 1996. IIM-I offers various certification, full time, executive management and doctoral programs. It offers a five-year integrated program in management, it has become an instant hit among young school graduates with a flair for management. The global body Association of MBA (AMBA) has accredited all the courses that is offered. The admission for natives is through CAT and the non-resident Indians are expected to have a minimum GMAT score of 650.
Verdict: Ranking is a part of the business school’s marketing strategy, yet it conveys a lot about your return on investment. A degree in MBA the best investment that you make to your career, so make it wise and earn from your benefits.