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Top B-Schools in India

The Top management institutes in the country have been divided into seven broad categories. A numerical ranking often does not have a sound scientific basis. The parameters and, more importantly, the weightages given to these tend to be extremely subjective.

A qualitative analysis of a B-school on pre-determined parameters can however give you a more comprehensive picture. These parameters include placement record, quality of faculty members, quality of students, quality of infrastructure, image of the institute, etc. However being based on perspective, the resultant rankings too, are thus subject to many fierce debates. T.I.M.E. has used its extensive student database, years' of experience in the field and a proven methodology to categorize the top institutes.

Methodology

The B-School categorisation process adopted by T.I.M.E. is an elaborate multi-step process where due weightage is given to the statistics available about an institute in the public domain and the opinion of experts at T.I.M.E. That's why, it is a blend of expert opinion and objective data which makes it the most accurate categorisation available. In the first stage, we identify the parameters that influence the rating of a B-School, which are whittled down further on the basis of the relative importance of the parameters identified in the first stage. The parameters used finally are (a) average CTC, (b) cut-off score at the institute, (c) number of applicants, (d) location of the school, (e) age of the institute, (f) quality of alumni, and (g) faculty. These parameters constitute the objective aspect of the categorisation methodology, while the rating given by T.I.M.E. experts to each institute constitutes the subjective aspect. An elaborate scoring system is devised for each of the objective parameters, which is reviewed and modified by an expert panel. The data related to each institute for each of the above parameters is collected and scrutinised for its authenticity. Finally, scores are given to the institutes based on the scoring system according to the authenticated data of the institute.

For each institute included in our list, it is the flagship course of that institute that has been considered for the purpose of the categorization. The only exception to the above are the programs of the IIM's where both the PGP and the Executive programs have been treated on par and given the same status. In some cases specific programs of some top institutes (the MS program of FMS and the HR program of MDI) have been graded at a different level than that of their flagship program. This has been done on account of the popularity of the program and its relative standing against other such programs of other institutes.

As a part of the selection criteria, a number of management institutes also include a minimum percentage of marks to be scored by the students in their graduation for the students to be eligible to apply to such institutes.

Click here to view the graduation percentage requirements of select B-Schools.

CATEGORISATION OF THE TOP B-SCHOOLS IN INDIA

Top B-Schools in the country have been divided into seven broad categories. A numerical ranking often does not have a sound scientific basis. The parameters and, more importantly, the weightage given to these, tend to be extremely subjective. The resultant rankings too, are thus subject to many fierce debates. In this case, T.I.M.E. has used its extensive student database and experience in the field to categorise the Top B-Schools.

Broadly, these categories are meant to aid the students in applying to institutes. Within a category, the institutes are of approximately the same quality. Of course, the categorisation is only indicative and students should make independent inquiries before taking a final decision about which institutes to apply to.

The Top Ten are the so-called 'Ivy-League' institutes like the IIMs and XLRI that every student dreams of securing an admission into. Many of these institutes are comparable with the best in the world. Indeed, some of them regularly feature in the lists released by international business magazines. These institutes invariably have a 100% placement record. Even the not-so-good students at these institutes manage to get very good jobs on account of the 'rub-off' effect of the institute.

The "AAA (Triple A)" & "AA (Double A)" categories of institutes are those that fall into the Top 30. They offer a high quality of education, faculty, and infrastructure facilities. These institutes have a 100% placement record and are considered to be just a notch lower than the 'Ivy-League' schools. A significant number of the top students at these institutes are able to secure placements that are comparable to those offered at the Top 10 institutes. Most students should be more than happy to join these institutes if they are able to get admission.

The "A" and "BBB (Triple B)" category of institutes offers a consistent quality of education in terms of faculty quality and infrastructure facilities even though these may not be comparable to those of the top 30 institutes. These institutes are successful in providing high quality placements to their top students, especially those with good communication skills, but do not have a 100% placement record. A student at one of these institutes would have to work extra-hard to secure a good rank and high marks so as to enhance his/her placement chances.

The "BB (Double B)" and B category institutes are those that are well regarded at the local level. These institutes may not provide too many national-level placement opportunities but are generally successful in providing placements to many of their students with prominent local companies.

WHAT YOU SHOULD DO

The first question that needs to be addressed is "How many B-Schools should I apply to?" While this is not an easy question to answer, it is not a difficult one either. The number of B-Schools that you should apply to depends on a few factors. Let us look at these factors and discuss how you should deal with this question depending on where you stand with regard to each of these factors.

The first factor is your budget. With the application (form) fee for each institute being in the range of Rs.500 to Rs.1600, you may not want to look at more than 10-12 institutes. If you think you can spare more money for applications, this number can go up. But, whatever be the number of institutes you want to apply to, it is always a good practice to select institutes across categories.

The second factor is what you are doing currently. If we look at three different categories of students, this would become clear: (a) in the first category is a student who is pursuing final year of graduation; (b) in the second category is a student who has completed graduation in last academic session, is not pursuing any higher studies, and is not working, and (c) the third category is a student who has completed graduation and is currently working.

In the first case, the student may be very keen on getting into a management institute but he/she can afford to try again next year if he/she does not get into an institute of one's choice. So, he/she may apply rather selectively.

The second category student has to make sure that he/she gets into some institute (a reasonably good one), come what may. So, the number of institutes that he/she has to apply, will be more than in the case of the first category student.

The third category student can really be very, very selective unless he has been working for more than 4-5 years (in which case, he may not want to lose further time in getting into a management institute).

The third factor in deciding the number of institutes to which you should apply to is your expected performance in the entrance exams. Depending on what the expected performance is, you may want to hedge your bets by applying to more institutes – particularly, to institutes across categories that we discussed above.

Now that you have decided on the number of institutes you will apply to, let us see how you will go about deciding the institutes to which you will apply. The cardinal principle is that to safeguard your interests and reduce your risk, you should apply to institutes in at least three different categories. The categories will themselves depend on your position in the Mock CATs that you take.

Apply to B-schools in three ‘Category’:

Around 25% of budget : Better than expected percentile category B-schools

Around 60% of budget : Expected percentile category B-schools

Around 15% of budget (Safety Net) : Lower than expected percentile category B-schools

It is also important to note that the performance in the actual exam is always expected to be better than the performance in Mock CATs. This is because of the fact that generally the serious aspirants take Mock CATs as compared to the large number of students taking the actual exam.

Finally, talk to the faculty members who will guide you in selecting institutes. On the basis of your Mock CAT scores, the faculty member would suggest appropriate institutes for you to apply. In most cases, this personalised approach is the best way to resolve any doubts.

T.I.M.E.'s B-school Ranking

  • Made keeping the interest and needs of students
  • For complete guidance of students
  • Is not biased/influenced
  • Is done on the basis of actual facts & figures
  • Is done taking the actual picture on-ground & discussing with current students/alumni
  • Is not done looking at false claims & statistics made available by some B-schools as a marketing tool
  • Multiple round of checking done at every level to ensure correctness & authenticity of data used for rankings


Methodology

  • Inputs from the B-school's Admissions Committee, Placements Committee & Director of the B-school
  • Inputs from current students/alumni of the B-school
  • Inputs from T.I.M.E. students across the country
  • Discussion among all T.I.M.E. centres
  • Comprehensive review every year
B-School Location
Top 10 category
Faculty of Management Studies (FMS), Delhi New Delhi
Indian Institute of Management Ahmedabad (IIMA) Ahmedabad
Indian Institute of Management Bangalore (IIMB) Bengaluru
Indian Institute of Management Calcutta (IIMC) Kolkata
Indian Institute of Management Indore (IIMI ) Indore
Indian Institute of Management Kozhikode (IIMK) Kozikhode
Indian Institute of Management Lucknow (IIML) Luckhnow
Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai
Management Development Institute (MDI) Gurgaon
Xavier Labour Relations Institute (XLRI) Jamshedpur
AAA category
Indian Institute of Foreign Trade (IIFT) New Delhi
Indian Institute of Management, Raipur Raipur
Indian Institute of Management, Ranchi Ranchi
Indian Institute of Management, Rohtak Rohtak
Indian Institute of Management, Shillong (IIM-S) Shillong (IIM-S)
Shailesh J. Mehta School of Management (SJSOM), Indian Institute of Technology, Bombay (IITB) Mumbai
Narsee Monjee Institute of Management Studies (NMIMS) Mumbai
National Institute of Industrial Engineering (NITIE) Mumbai
S.P. Jain Institute of Management & Research (SPJIMR) Mumbai
Tata Institute of Social Sciences (TISS)(only for those interested in HR) Mumbai
AA category
Indian Institute of Foreign Trade (IIFT) Kolkata
Department of Management Studies (DoMS), Indian Institute of Technology Madras (IITM) Madras
Department of Management Studies, Indian Institute of Technology Delhi (IITD) New Delhi
Institute of Management Technology (IMT) Ghaziabad Ghaziabad
Institute of Rural Management Anand (IRMA) Anand
International Management Institute (IMI), New Delhi New Delhi
Mudra Institute of Communications Ahmedabad (MICA) (only for those interested in Advertising/Marketing) Ahmedabad
Symbiosis Centre for Management and Human Resource Development (SCMHRD) Pune
Symbiosis Institute of Business Management (SIBM) Pune Pune
Xavier Institute of Management Bhubaneswar (XIMB) Bhubaneswar
A category
Bharathidasan Institute of Management (BIM), School of Excellence of Bharthidasan University Trichy
Department of Commerce, Delhi School of Economics, University of Delhi New Delhi
Department of Financial Studies (DFS), University of Delhi, South Campus New Delhi
FORE School of Management New Delhi
Department of Industrial and Management Engineering (IME), Indian Institute of Technology Kanpur Kanpur
Vinod Gupta School of Management (VGSOM), Indian Institute of Technology, Kharagpur Kharagpur
Department of Management Studies (DOMS), Indian Institute of Technology Roorkee Roorkee
K. J. Somaiya Institute of Management Studies and Research (SIMSR) Mumbai
Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) Mumbai
T. A. Pai Management Institute (TAPMI) Manipal
BBB category
Birla Institute of Management Technology (BIMTECH) Noida
Goa Institute of Management (GIM) Goa
Indian Institute of Social Welfare and Business Management (IISWBM) Kolkata
Institute for Financial Management and Research (IFMR) Chennai
Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi
Loyola Institute of Business Administration (LIBA) Chennai
National Institute of Technology Tiruchirappalli (NITT) Trichy
Institute of Management, Nirma University Ahmedabad
NMIMS Bangalore Bangalore
Department of Business Management, Osmania University Hyderabad
Symbiosis Institute of Business Management, Bangalore (SIBM-B) Bangalore
Shri Ram College of Commerce (SRCC) New Delhi
Symbiosis Institute of International Business (SIIB) Pune
University Business School (UBS) Chandigarh
Prin. L. N. Welingkar Institute of Management Development & Research (WE School) Mumbai
BB category
Amrita School of Business Coimbatore
BITS PILANI Pilani
Chetana's R. K. Institute of Management and Research Mumbai
Christ University Institute of Management (CUIM) Bengaluru
Department of Management Sciences (PUMBA), University of Pune Pune
Faculty of Management Studies, Banaras Hindu University (FMS BHU) Varanasi
School of Management Studies, University of Hyderabad Hyderabad
IBS, Hyderabad (Faculty of Management Studies) Hyderabad
Indian Institute of Forest Management (IIFM) Bhopal
Institute of Management Technology (IMT) Nagpur Nagpur
Institute for Technology and Management (ITM) Mumbai
N. L. Dalmia Institute of Management Studies and Research Mumbai
SDM Institute For Management Development (SDMIMD) Mysore
SIES College of Management Studies (SIESCOMS) Mumbai
Symbiosis Centre for Information Technology (SCIT) Pune
Symbiosis Institute of Management Studies (SIMS) Pune
Symbiosis Institute of Operations Management (SIOM) Nashik
Symbiosis Institute of Telecom Management (SITM) Pune
Prin. L. N. Welingkar Institute of Management Development & Research (WE School) Bangalore
Xavier Institute of Management & Entrepreneurship (XIME) Bengaluru
B category
Amity Business School (ABS) New Delhi
B. K. School of Business Management Ahmedabad
Balaji Institute of Modern Management (BIMM) Pune
Department of Management Studies (DOMS), Anna University Chennai Chennai
FOSTIIMA, New Delhi New Delhi
Indira Institute of Management Pune
Institute of Management Development and Research (IMDR) Pune
Institute of Public Enterprise (IPE) Hyderabad
Lala Lajpatrai Institute of Management Mumbai
M. S. Ramaiah Institute of Management Bengaluru
M. S. Ramaiah Institute of Management Bengaluru
MET's Institute of Management, Mumbai Mumbai
MIT School of Management (MIT-SOM) Pune
MNNIT Allahabad Allahabad
National Institute of Bank Management (NIBM) Pune
National Insurance Academy (NIA) Pune
NIT-Calicut Kozhikode
Department of Managament Studies, Pondicherry University Puducherry
PSG Institute of Management Coimbatore
Faculty of Management Studies, R.A. Podar Institute of Management Jaipur
School of Communication & Management Studies (SCMS) Cochin
School of Management Studies (SMS), Cochin University of Science & Technology (CUSAT) Cochin
Thakur Institute of Management Studies & Research Mumbai
Vignana Jyothi Institute of Management Hyderabad
Xavier Institute of Social Service (XISS) Ranchi

Note: In addition to the Top 100 B-Schools in the country, we have also listed other B-Schools across the country in a list below. The colleges listed under this category may be found to be lacking in one or more of a) Infrastructure b) Industry Interface c) Faculty d) Alumni Network e) Curriculum f) Placements. However these colleges are better than the hordes of others which do not feature in our list altogether. You are hence advised to get thorough information about these colleges before taking any decision regarding them. You may visit these colleges, speak with their current students and alumni before deciding on taking admission into any of them.

Other B-Schools category
Asia-Pacific Institute of Management  Delhi
Alliance School of business Bangalore
Army Institute of Management Kolkata
Badruka Institute of Foreign Trade (BIFT) Hyderabad
Bharati Vidya Bhavan's Usha and Lakshmi Mittal Institute of Management Delhi
Bharati Vidyapeeth Deemed University Pune
Bhartiya Vidyapeeth University, Institute of Management and Research Delhi
Birla Institute of Technology, Mesra, Ranchi Ranchi
Dhruva college of management Hyderabad
Fortune Institute of International Business New Delhi
GITAM School of International Business (GSIB) Visakhapatnam
Globsyn Business School Kolkata
ICFAI B-School Ahmedabad
ICFAI B-School, Gurgaon Gurgaon
ICFAI B-School, Mumbai Mumbai
IES Management college and research centre Mumbai
IFIM Business School Bengaluru
Indus Business Academy (IBA), Bangalore Bengaluru
Indian Institute of Tourism & Travel Management Gwalior
Indian School of Mines (ISM) Dhanbad
Kirloskar Institute of Advanced Management Studies (KIAMS) Harihar
MANAGE (For those interested in Agri-Business/Rural Management only) Hyderabad
Master School of Management, Meerut Meerut
New Delhi Institute of Management (NDIM) New Delhi
NIILM Center for Management Studies Greater Noida
NIT Durgapur Durgapur
NIT Suratkal Suratkal
NIT Warangal Warangal
Rajagiri College of Social Sciences (RCSS) Cochin
Sadhana Center for Management and Leadership Develeopment (SCMLD) Pune
Siva Sivani Institute of Management (SSIM) Secunderabad
SSN School of Management & Computer Applications Chennai
St Joseph's College of Business Administration Bangalore
Symbiosis Institute of Media & Communication (SIMC) Pune
Symbiosis school of banking management Pune
University of Petroleum & Energy Studies Dehradun
University School of Management Studies - Indraprastha University, Delhi Delhi
VIT Business School -Vellore Vellore
Vivekanand Education Society's Institute of Management Studies & Research Mumbai
Xavier Institute of Management & Research Mumbai


Disclaimer: The above list has been compiled based on various objective and subjective data/ information gathered by experts at T.I.M.E. The list is meant to serve only as a guidance to students who wish to apply to B-Schools. While the best possible care has been taken by T.I.M.E. in compiling this list, T.I.M.E. is not responsible for the decision(s) taken by any student / parent on the basis of this list. Students are advised to check the credentials of a B-School before taking a decision to apply or to join.

 
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