The year 2020 is proving to be a watershed in many ways, mostly adverse, for the global economy. Conversely, it will prove to be a great boon for one specific set of people – those that will sit for the Common Admission Test (CAT) in the last week of November 2020.
The global economy has, to everyone’s dismay, shrunk significantly. On the positive side, the global economic recovery is likely to begin in the next six to nine months and probably head back to the pre–COVID levels not later than the second half of 2022. This means that when the MBA Class of 2021–23 graduates in the summer of 2023, the economic environment will be strong and growing, thus creating great employment opportunities for MBA graduates. Having considerably reduced manpower during the current economic downturn, the HR planners at all large corporates would be looking to recruit top b-school management graduates in a big way to support their growth forecasts.
Considering this background, this year’s b-school categorization attains great importance in terms of its utility to you. You must make sure that you pick the right b-school to give the right push to your budding career. With several thousand b-schools in India, the MBA scene is pretty crowded, a situation which can both be rewarding and confusing. On one side, studying at any of India’s top b-schools can give you big returns on your investment of both time and money. On the other side, a wrong choice of b-school could potentially damage a bright career. With several thousand schools around, you may face considerable difficulty in evaluating, applying, and eventually joining one of them. Also, it does not help that these schools make wildly varied and conflicting claims, some genuine and some exaggerated.
In this context, we believe that T.I.M.E.’s B-School Categorization would help you safely navigate this difficult terrain and reach the first step of building a successful and rewarding career – selecting the right b-school. Hence, it is important that you understand the key parameters used by T.I.M.E. to evaluate b-schools. Once these are understood, you need to look at b-schools for their performance on these parameters and arrive at your list of good b-schools. This exercise calls not just for a great deal of authentic information about the schools but also some clear and deep understanding about them so that the data available can be analyzed correctly.
Even as you try to obtain this information, there is a high possibility that you may fall prey to the false claims that fly thick and fast on various fora, including social media. This is where T.I.M.E. comes in. With its immense knowledge of students/b-schools/careers, built over almost three decades and a large network of centers across the country, T.I.M.E. is in a vantage position to evaluate the claims made by b-schools for their authenticity. Our transparent work ensures that you receive the most authentic information about b-schools.
T.I.M.E.’s motto is ‘we care for your career’. We are greatly delighted when our students build successful careers. Our success is a function of the success of our students. We spend considerable time and resources on the b-school categorization exercise as we fully understand how important it is to help you make the right choice in selection of b-schools. With this in mind, T.I.M.E. has been releasing the list of top b-schools for almost two decades now.
As the title suggests, the b-school categorization has b-schools listed across categories. This categorization is the result of months of extensive research and data collection, ably guided by experts with decades of counselling students on MBA admissions. We strongly believe that this categorization will help you greatly in making a long- and short-list of schools you wish to apply for admission. For your information, we are sharing the important parameters and the methodology used by T.I.M.E. to categorize b-schools.
Parameters used for B-School Categorization
(a) Quality of Students
The quality of students on a b-school campus makes a significant difference on account of the interaction that students have with their peers. A significant proportion of the learning at any good b-school happens outside the class and a fairly large part of this comes from peer learning. A great deal of learning at any b-school is on account of group activities such as assignments and projects. Hence, better the peers, richer is the learning experience.
Also, the quality of a b-school’s selection process (in terms of the weightage assigned to the percentiles/cut-off marks in the written exam, the rigorousness of the GD/Essay-writing/Interview process, the strength of the profile of students, etc.) is a great indicator of the quality of the students it admits. ‘Higher the cut-off, better the quality of the b-school’ is a self-explanatory mantra.
Some b-schools give weightage to other parameters like academics and work experience. Even at these schools, the cut-off marks/percentile values in the entrance exams are significantly higher than some of the schools listed in the categories immediately below them. Hence, cut-offs are a reliable parameter to judge the quality of b-schools.
Placements are, undoubtedly, one of the key parameters used by most students to evaluate the quality of the b-school they are considering joining – and rightly so. Almost everyone has a very firm eye on the post-MBA salary they would receive. They are also, quite justifiably, interested in the quality of the job they would land and the future prospects it carries.
A large number of b-schools boast of 100 percent placement record. However, such claims should not be taken at face value, and should be scrutinized closely. While these claims may not be false, they could be cleverly camouflaged by projecting numbers arrived at after ‘requesting some students to drop out of placement process’.
Similarly, sometimes b-schools claim extremely high salaries by adding joining bonuses or variable pays. It would be worthwhile to study these numbers carefully and consider the median salaries (wherever provided) rather than the average salaries (arithmetic mean of all salaries) as they would give a better picture of how most of the batch was placed. Also, a glance at the types of companies visiting the campus would provide an idea of how the business world views the b-school. It also helps in understanding the different industry verticals and roles on offer.
Also, it helps in understanding that all those companies that a b-school claim to be recruiting from their campus need not necessarily be around during the final placements. Some/many of them may be those who boarded students only for summer internships. Some companies may have recruited a few students in the past but may not be visiting those b-schools anymore. However, a b-school may still claim such companies as recruiters. You should, therefore, make the necessary effort to get a clear picture about such claims before making your decision.
It needs a fair amount of due diligence before you can draw any meaningful conclusions about the status of placements at a b-school. It has been noticed that most students, in the excitement of using high average salary (at various schools) as a parameter, miss the average number of offers that each student receives at these schools. This parameter is also important as it indicates the amount of choice a student has in terms of jobs across companies on offer.
Unfortunately, there is no standard reporting structure on placement data that b-schools are required to follow. Such a mandatory standard reporting requirement could put a stop to trickery (resorted to by some b-schools) and would make the placement data fair and reliable. In 2011, IIM Ahmedabad launched the Indian Placement Reporting Standards (IPRS), which, unfortunately but not surprisingly, found little acceptance among b-schools. If you wish to know about the IPRS, visit https://www.iima.ac.in/web/pgp/placements/iprs.
However, it is also important to note that placement numbers reveal only short-term trends. What may get hidden are the long-term benefits that top b-schools could offer. Hence, you could make a big mistake if you consider ‘only’ the placement figures.
(c) Age and Image of the B-School
The reputation of a b-school is reflected in its ‘image’ or ‘brand value’, especially the way it is perceived by the business world and the student community. So, no special emphasis is required to state the importance of the ‘image’ or ‘brand-value’ of the b-school. It is fairly obvious even to a cursory observer of the ‘MBA world’ that the stronger the brand, the better the placements – an immediate, short-term yet meaningful way of assessing the impact of the b-school brand on your post-MBA prospects. Also, it is true that a stronger b-school brand will give a definite push toward a more successful and rewarding career in the long-term.
Hence, the 'brand image' of a b-school as perceived by the business world and the student community should be one of your key considerations while selecting b-schools. It can be said that it is natural for older b-schools to have a better reputation than the ‘younger’ ones; however, it would not be prudent to make such a sweeping generalization. Also, the situation is slightly different when an older, well-established b-school sets up a new campus. In such cases, the ‘parent’ b-school certainly helps the new campus through its formative years. This help may include, but may not be limited to, faculty support, admissions support, and most importantly, placement support.
The long-term advantages of association with a good b-school brand often overhaul the short-term parameters such as ‘salary’. You should understand that the brand value of top b-schools, especially that of the IIMs, has the power to open corporate doors – this would mean gaining access to the right people, and in many cases, would make the difference between a deal and a no-deal, between a job and a no-job. Long after you would pass out of the b-school, you would benefit from the power of its brand image – both in terms of career growth and in everyday professional and personal aspects. Not only students, the image of the school helps in attracting quality teaching faculty as well.
(d) Location of the B-School
Here, location refers to the geographical location of the b-school. The b-school’s location indirectly affects the placements on the campus. Placements are better at b-schools located in places where there is a concentration of business and industry. This is because companies find it much easier to recruit management graduates from b-schools located geographically closer to their own headquarters rather than go to a b-school that is located far away. A better location does a better job at attracting quality teaching faculty for the b-school. Faculty would in general prefer their families to enjoy the comforts that a city/metro would provide over those of a relatively smaller place.
For these reasons, everything else remaining the same, the b-schools in Mumbai, New Delhi, and Bengaluru always score better than the b-schools based in other cities. Chennai, Pune, and Hyderabad make up the next level of cities. The impact that the location has on the b-school becomes more pronounced as you go down the category list.
However, sometimes the b-school’s strong brand value compensates for locational disadvantage. If you look at the new IIMs, you will notice that in spite of the non-metro nature of their locations, these IIMs are able to attract some of the best students and are also able to attract and retain senior academics.
(e) Programme Fee
With the fees at b-schools rising sharply, it is necessary to ensure that the return on the fee being invested does work out to be reasonable. With the fees at some schools at around ₹20 lakh and for several others upwards of ₹10 lakh, fee becomes an especially important factor while evaluating the b-school. It should, however, be said that fee is a non-issue if you make it to one of the best b-schools. Availability of loans to pay for the programme fee at a top b-school is fairly high while your ability to repay the education loan will also be high due to the good placement opportunities.
Banks offer collateral-free education loan to study at top b-schools. Some banks have classified b-schools into categories where the students from the top category b-schools get collateral-free loans at lower interest rates. As one moves down the b-school category rungs, banks may demand a collateral or charge a slightly higher interest rate or resort to doing both. This situation provides a great reason for you to work hard to secure admission to a top b-school.
On the other side, fee becomes an increasingly relevant evaluation parameter as you move down the b-school categories especially since fee does not drop as sharply as average salary does. T.I.M.E.’s B-School Categorization takes special care to budget for the impact of fee in the selection of b-schools.
(f) Other Important Factors to Consider
An important factor to consider is the availability of necessary infrastructure in terms of state-of-the-art computer labs, high-speed Internet connectivity, well-stocked library with subscriptions to management journals, and classrooms furnished with audio-visual aids. A b-school that does not have these facilities cannot be called top class.
If you are looking at joining a lesser known b-school, we suggest that you visit the campus, particularly if you do not know much about it, to gather first-hand information about the facilities available before taking a decision to seek admission.
You should also find information about the b-school’s hostel facility, if available. Sadly, a number of top b-schools, especially in large cities, do not have good hostel facilities. Of course, there are always options like staying as paying guests and tagging with college mates to rent out an accommodation.
The fully residential programmes at top b-schools foster all-round development as the period of interaction with peers and faculty is not just restricted to the class hours but, in fact, is an ongoing 24/7 process where the scope to learn is multiplied many times over.
By the time the MBA batch of 2021–23 starts its classes, we strongly hope that COVID would be a story of the past and that all campus hostels would be fully functional.
(2) Programmes offered by B-Schools
There are two major types of management programmes: General Management Programme (GMP) and Sectoral Programme (Specialization-based programme).
A General Management Programme gives you the flexibility to join any sector and thus offers maximum diversification and placement opportunities as opposed to a Specialization-based Programme. All the IIMs and most of the other top b-schools offer this programme.
However, some b-schools offer programmes catering to a specific sector or specializing in a specific area. IIMA’s FABM (Food and Agri Business Management) programme, IRMA’s flagship Rural/Agri-business Management programme, MICA’s flagship programme in Strategic Marketing and Communication (Advertising), TISS’s MA in HRM, and XLRI’s PGD–HRM are the best in their respective sectors. You should consider these programmes only if you are interested in building a career in these disciplines.
Today, several new kinds of programmes are being offered to cater to specific sectors and needs of the business world. A few prime examples are actuarial science, retail, and insurance. The placement opportunities in these Specialized Programmes are restricted to companies in that sector and as such do not offer the kind of flexibility (in terms of moving between sectors) that a GMP offers. This should not matter much if you are interested in that specific sector, especially as top b-schools attract good recruitment from companies in those sectors.
Many top b-schools offering GMPs have, of late, started offering Specialized Programmes. Though the image of the b-school lends a good amount of credibility to such programmes, one cannot equate them to their GMP and treat them at par, as, in most cases, the credibility is only a rub-off and not a full transfer. Also, as one goes down the b-school list, this rub-off effect diminishes, and one needs to carefully evaluate such Specialized Programmes before applying to them. As a rule of thumb, you would be well advised to go for a GMP over SPs as the former offers long-term benefits in terms of flexibility.
The B-School Categorization process adopted by T.I.M.E. is an elaborate, multi-step process where due weightage is given to the statistics available about the b-school in the public domain and the opinions of experts at T.I.M.E.. This unique blend of expert opinion and objective data makes it the most accurate categorization available. The objective parameters used are: (a) placement data, (b) cut-off scores in entrance tests, (c) location of the b-school, (d) age and image of the b-school, and (e) programme fee. The rating given by T.I.M.E. experts, based on the brand image of the school, its alumni base, and its faculty strength, forms the subjective part of the process.
Please note that only the b-schools offering two-year programmes, with at least one batch of students having passed out, have been considered for this exercise.
The B-Schools in the list below are divided into seven broad categories:
Top 10 category features world-class b-schools, like the IIMs and XLRI, that you and every other MBA aspirant wishes to make it to. Many of these b-schools are comparable with the best in the world. Indeed, some of them regularly feature in the best b-schools lists released by international business magazines. These b-schools invariably have a 100% placement record. Even the not-so-academically-good students at these b-schools manage to get good jobs on account of the ‘rub-off’ effect of the b-school’s reputation.
AAA+ & AAA categories of b-schools fall into the Top 30. They offer high quality of education, have top-notch faculty and good infrastructure facilities. These b-schools have a 100% placement record. A significant number of the top students at these b-schools secure placements comparable to those offered at the Top 10 institutes.
AA & A categories of b-schools offer high and consistent quality of education, faculty, and infrastructure facilities. A good number of students at these schools get placements that are much better than the placements of the lower half of the above categories. These b-schools are successful in providing high quality placements to their top students, especially those with good communication skills.
BBB+, BBB, and BB categories of b-schools are those that are well regarded by the business world and have been remarkably successful in placing students. Some of these schools were very strong brands themselves earlier but have now been pushed down only because of the addition of multiple IIMs over the years. This shows that most of these hold their ground fairly successfully and that students can rely on them to give a boost to their careers.
B+ and B categories of schools have a good recognition within the business world. They may not provide too many national-level placement opportunities but are generally successful in providing placements to many of their students with prominent local and national companies.
Apart from all these, we have also listed b-schools under the ‘Others’ category, which may be found to be lacking in one or more of (a) infrastructure, (b) industry interface, (c) faculty, (d) alumni network, (e) curriculum, and (f) placements. Some of them could also be facing a bit of financial crunch as well due to the COVID crisis. However, we believe these b-schools are better than the hordes of others that do not feature in our list at all. You are hence advised to get thorough information (by visiting the campuses and speaking with past and current students) about these institutes before taking any decision concerning admission.
You must remember that while talking with the current/ex-students of a b-school may help, you should take their feedback with a pinch of salt, as the students generally tend to do their bit to help their alma mater. Also, you should not be influenced by the reviews you find on the Internet as they can be biased towards either extremes.
In short, this would mean that the top 50 schools – listed in Top 10, AAA+, AAA, AA, and A categories – would be the schools to strongly aspire for.
YOUR ACADEMIC PERFORMANCE AT THE B-SCHOOL MAKES ALL THE DIFFERENCE
An extremely important factor that you must keep in mind is that, regardless of the kind of b-school you get into, your academic performance on campus plays a very important role in determining the kind of return you get out of your MBA.
It is only normal for all schools to have students who are laggards and their placements may not be the envy of many. Similarly, the top performers from the schools in the lower categories may bag the best of placements from their campuses and make the most of their MBA stint. Some of these placements could be far better than those secured by less well-performing students in the categories above them.
The obvious point that many miss out on is that the students who work hard during the two years of their MBA certainly do much better than those who do not work hard.
How will this categorization help you?
The list of top b-schools is a valuable guide that will help students on two fronts: (a) To pick the set of b-schools to apply to and (b) To select the b-school to join for final admission (i.e., out of the set of schools that confirmed admissions in case of multiple conversions).
(a) To which/how many b-schools should you apply?
To arrive at the answer to the above question, you should use the following parameters:
Budget: With the cost of application for each institute being in the range of ₹500 to ₹2,500, an optimal number may be 10 to 12 schools. However, it could be slightly higher, if based on one’s affordability. You are strongly advised to apply to b-schools across categories to ensure that your chance of selection goes up.
Background: What you are doing currently in terms of your education/work, etc., matters a lot. A final-year student, for example, can afford to be selective as he/she can make another attempt the next year, while a person who has completed graduation and is not working anywhere will be keener to get into a b-school. A working professional, comfortably placed with two years of work experience, may be selective, while one with 4–5 years under the belt may not want to lose further time and will play it safe by applying to more schools.
AIMCAT Performance: Depending on your AIMCAT performance, you can estimate the possible percentile that you may score in the CAT. You need to apply to b-schools both above and below this expected percentile to cover for any jump/drop in the expected CAT percentile. The categorization in the list will help you compare schools and pick the appropriate ones.
Also, you may want to hedge your risk by applying to more b-schools – particularly, to b-schools across categories. It is a good practice to apply to b-schools in three different categories – 50% of the schools you apply to should be in the category where you are likely to land calls for the second round, 30% of the schools in an aspiration level – typically one level above your expected range, and 20% of the schools you apply to should be in the level below the expected range of score, to safeguard your interests in case of a bad performance.
Here is an illustration for a better understanding: Let us say that you decide to apply to ten b-schools. First, check how you have performed in the AIMCATs and what your percentiles have been. If you are in the 85–90%ile range, you will need to apply to five b-schools from the A category, three from AA and two from BBB.
We strongly advise you to apply to ALL the IIMs while filling in the CAT application form. The time for picking and choosing will come later – once you have landed the selections.
Key notes about T.I.M.E.'s B-School Categorization for 2020:
- The schools are arranged in alphabetical order within each category.
- The list comprises only the two-year programmes offered by b-schools. It does not include the one-year programmes, such as the ones offered at the Indian School of Business (ISB) and the executive programmes offered by the IIMs.
- Faculty of Management Studies (FMS), University of Delhi, Delhi
- Indian Institute of Foreign Trade (IIFT), New Delhi and Kolkata
- Indian Institute of Management Ahmedabad (IIMA)
- Indian Institute of Management Bangalore (IIMB)
- Indian Institute of Management Calcutta (IIMC)
- Indian Institute of Management Indore (IIMI)
- Indian Institute of Management Kozhikode (IIMK)
- Indian Institute of Management Lucknow (IIML)
- S. P. Jain Institute of Management & Research (SPJIMR), Mumbai
- XLRI Xavier School of Management, Jamshedpur
- Department of Management Studies (DOMS), Indian Institute of Science (IISc.) Bangalore
- Department of Management Studies (DMS), Indian Institute of Technology Delhi (IITD)
- Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Management Development Institute (MDI), Gurugram
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- National Institute of Industrial Engineering (NITIE), Mumbai
- Rajiv Gandhi Indian Institute of Management (RGIIM), Shillong
- Shailesh J. Mehta School of Management (SJMSOM), Indian Institute of Technology Bombay (IITB)
- Symbiosis Institute of Business Management (SIBM), Pune
- Tata Institute of Social Sciences (TISS), Mumbai
- Department of Financial Studies (DFS), University of Delhi, South Campus
- Department of Management Studies (DoMS), Indian Institute of Technology Madras (IITM)
- Indian Institute of Management Raipur (IIM Raipur)
- Indian Institute of Management Ranchi (IIM Ranchi)
- Indian Institute of Management Rohtak (IIM Rohtak)
- Indian Institute of Management Trichy ((IIM Trichy)
- Indian Institute of Management Udaipur (IIMU)
- Indian Institute of Management Kashipur (IIM–Ka)
- Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune
- Vinod Gupta School of Management (VGSOM), Indian Institute of Technology Kharagpur (IIT–KGP)
- Department of Business Economics, South Campus, University of Delhi
- Department of Commerce, Delhi School of Economics (DSE), University of Delhi
- Department of Industrial and Management Engineering (IME), Indian Institute of Technology Kanpur (IIT–K)
- Indian Institute of Management Amritsar (IIM Amritsar)
- Indian Institute of Management Nagpur (IIM Nagpur)
- Indian Institute of Management Visakhapatnam (IIMV)
- Institute of Management Technology (IMT), Ghaziabad
- International Management Institute (IMI), New Delhi
- MICA Ahmedabad
- Xavier Institute of Management Bhubaneswar (XIMB)
- Department of Management Studies (DOMS), Indian Institute of Technology Roorkee (IITR)
- FORE School of Management, New Delhi
- Goa Institute of Management (GIM), Goa
- Great Lakes Institute of Management (GLIM), Chennai (PGDM Two–Year Programme)
- Indian Institute of Management Bodh Gaya (IIM–BG)
- Indian Institute of Management Jammu (IIM Jammu)
- Indian Institute of Management Sambalpur (IIM Sambalpur)
- Indian Institute of Management Sirmaur (IIM Sirmaur)
- Institute of Rural Management, Anand (IRMA)
- K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
- Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru
- Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE), Mumbai
- Symbiosis Institute of International Business (SIIB), Pune
- T. A. Pai Management Institute (TAPMI), Manipal
- University Business School (UBS), Punjab University, Chandigarh
- Bharathidasan Institute of Management (BIM), Trichy
- Department of Humanities and Social Sciences, IIT Kharagpur (IIT–KGP)
- Faculty of Management Studies, Banaras Hindu University (FMS BHU)
- Great Lakes Institute of Management (GLIM), Gurgaon
- Institute for Financial Management and Research (IFMR), Chennai
- Lal Bahadur Shastri Institute of Management (LBSIM), Delhi
- Loyola Institute of Business Administration (LIBA), Chennai
- Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
- National Institute of Banking and Management (NIBM), Pune
- Nirma University Institute of Management (NIRMA), Ahmedabad
- Prin. L. N. Welingkar Institute of Management Development & Research (WE School), Mumbai
- SDA BOCCONI Asia Centre, Mumbai
- Shri Ram College of Commerce (SRCC Global Business Operations), Delhi
- Symbiosis Institute of Business Management, Bengaluru (SIBM–B)
- Symbiosis Institute of Operations Management (SIOM), Nasik
- Narsee Monjee Institute of Management Studies (NMIMS), Navi Mumbai
- Bharati Vidyapeeth University, Institute of Management and Research, Delhi
- Birla Institute of Management Technology (BIMTech), Greater NOIDA
- Birla Institute of Technology & Science (BITS), Pilani
- Chetna's R.K. Institute of Management studies & Research, Mumbai
- Christ University Institute of Management (CUIM), Bengaluru
- Delhi School of Management (Delhi Technological University), Delhi
- Department of Business Management, Osmania University (OU), Hyderabad
- Department of Commerce and Management Studies, University of Pune (PUMBA), Pune
- FOSTIIMA B–School, New Delhi
- Hyderabad Central University (HCU), Hyderabad
- ICFAI Business School (IBS), Hyderabad
- Indian Institute of Forest Management (IIFM), Bhopal
- Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata
- Institute of Management Technology (IMT), Hyderabad
- Institute of Management Technology (IMT), Nagpur
- Institute of Technology & Management (ITM), Navi Mumbai
- MANAGE, Hyderabad (only for those interested in Agri–Business/Rural Management)
- MDI Murshidabad
- Narsee Monjee Institute of Management Studies (NMIMS), Indore
- National Institute of Technology Tiruchirappalli (NITT)
- National Insurance Academy (NIA), Pune
- NL Dalmia Institute of Management Studies & Research (NLDIMSR), Mumbai
- Prin. L. N. Welingkar Institute of Management Development & Research (WE School), Bengaluru
- SIES College of Management Studies (SIESCOMS), Mumbai
- Symbiosis Center for Information Technology (SCIT), Pune
- Symbiosis Institute of Digital and Telecom Management (SIDTM), Pune
- Symbiosis Institute of Management Studies (SIMS), Pune
- Xavier Institute of Management & Research, Mumbai
- Xavier Institute of Management and Entrepreneurship (XIME), Bengaluru
- Amrita School of Business (ASB), Coimbatore
- Bharatiya Vidya Bhavan's Usha and Lakshmi Mittal Institute of Management (BULMIM), Delhi
- Department of Management Studies (DOMS), Anna University Chennai
- ICFAI B–School, Mumbai
- Indus Business Academy (IBA), Bengaluru
- International Management Insitute (IMI), Bhubaneswar
- International Management Institute (IMI), Kolkata
- MET Institute of Management, Mumbai
- MIT School of Management, Pune
- National Institute of Technology (NIT), Calicut
- New Delhi Institute of Management (NDIM), New Delhi
- Pondicherry Central University (PCU), Puducherry
- School of Petroleum Management, Pandit Deendayal Petroleum University (PDPU), Gandhinagar, Gujarat
- SDM Institute for Management Development (SDM–IMD), Mysuru
- SSN School of Management & Computer Applications, Chennai
- Symbiosis Institute of Business Management (SIBM), Hyderabad
- Symbiosis School of Banking and Finance, Pune
- Thakur Institute of Management Studies & Research, Mumbai
- Universal Business School (UBS), Mumbai
- University of Petroleum & Energy Studies (UPES), Dehradun
- Amity Business School, Noida
- B. K. School of Business Management, Ahmedabad
- Balaji Institute of Modern Management (BIMM), Pune
- Bharati Vidyapeeth's Institute of Management Studies and Research (IMSR), Mumbai
- Fortune Institute of International Business, New Delhi
- IES Management College and Research Centre,Mumbai
- IFIM Business School, Bengaluru
- IILM Institute for Business and Management, Gurgaon
- IILM Institute for Higher Education, Delhi
- Indian Institute of Finance, New Delhi
- Indira Institute of Management, Pune
- Institute of Management Development and Research (IMDR), Pune
- Institute of Public Enterprise (IPE), Hyderabad
- ISME Bengaluru
- Jagan Institute of Management Studies (JIMS), New Delhi
- Kirloskar Institute of Advanced Management Studies (KIAMS), Harihar
- Lala Lajpatrai Institute of Management, Mumbai
- Motilal Nehru National Institute of Technology (MNNIT), Prayagraj
- National Institute of Technology (NIT), Durgapur
- National Institute of Technology (NIT), Suratkal
- National Institute of Technology (NIT), Warangal
- PSG Institute of Management, Coimbatore
- Rajagiri Centre for Business Studies, Kochi
- Rizvi Institute of Management Studies & Research, Mumbai
- School of Communication & Management Studies (SCMS), Kochi
- School of Management (SMS), Cochin University of Science & Technology, Kochi
- Siva Sivani Institute of Management (SSIM), Hyderabad
- St Francis Institute of Management and Reseach (SFIMR), Mumbai
- Symbiosis Institute Of Computer Studies and Research, Pune
- Symbiosis Institute of Health Sciences (SIHS), Pune
- Symbiosis Institute of Mass Communication (SIMC), Pune
- Vignana Jyothi Institute of Management (VJIM), Hyderabad
- Vivekanand Education Society's Institute of Management Studies & Research, Mumbai
- Xavier Institute of Management and Entrepreneurship (XIME), Kochi
- Xavier Institute of Social Service (XISS), Ranchi
- Acharya Institute of Management Studies, Bangalore
- Army Institute of Management (AIM), Kolkata
- Asia–Pacific Institute of Management, Delhi
- Badruka College – Post Graduate Center (OU-affiliated MBA), Hyderabad
- Birla Global University, Bhubaneshwar (formerly BIMTECH Bhubaneshwar)
- Birla Institute of Technology (BIT), Mesra, Ranchi
- Christ Institute of Management, Ghaziabad
- Christ Institute of Management, Pune
- Dhruva college of Management, Hyderabad
- Gitam School of International Business (GSIB), Visakhapatnam
- Globsyn, Kolkata
- ICFAI B–School, Ahmedabad
- ICFAI B–School, Gurugram
- Indian Institute of Education and Business Management (IIEBM), Pune
- Institute of Insurance and Risk Management (IIRM), Hyderabad
- Indian Institute of Tourism and Travel Management, Gwalior
- Indian School of Mines (ISM), Dhanbad
- Jaipuria Insititute of Management, Jaipur
- Jaipuria Insititute of Management, Lucknow
- Lovely Professional University, Punjab
- Master School of Management, Meerut
- Myra School of Business, Mysuru
- R. A. Podar Institute of Management, Jaipur
- Ramaiah Institute of Management, Bengaluru
- St Joseph's College of Business Administration, Bengaluru
- Symbiosis School of Media and Communication (SSMC), Bengaluru
- Symbiosis School of Sports Sciences (SSSS), Pune
- University School of Management Studies – Indraprastha University, Delhi
- Vanguard Business School, Bengaluru
- Vishwa Vishvani Institute of Systems & Management (VVISM), Hyderabad
- VIT Business School, Vellore
- XIME Chennai