India's Best B-Schools

The biggest reason for students to opt for MBA after their graduation is that it provides the best possible growth prospects when compared to all the other career paths available. Another big reason is that MBA provides the most recession-proof of careers. Both these reasons to do an MBA are re-confirmed when one looks at campus placements this year across the country.

It is no secret that many of the top graduation schools in the country, like the IITs, have struggled to place their students this year. Along with this, average salaries have also taken a big dip. While a similar situation was also experienced by many b-schools this year, the top b-schools came out with flying colours. Some of the top b-schools, in fact, showed a jump in their average salaries despite the difficult situation faced by other kinds of institutes. While b-schools at lower levels did face the heat and reported a drop in salaries, the picture overall is a lot better at b-schools when compared to institutions of other disciplines. It is also important to note that Summer Internships for the next batch are in full swing and initial reports suggest that they are back on track to showcase yet another good year.

These swings in business cycles and changes in the economic scenario once again prove the power of MBA. However, as is the case always, not all b-schools will be able to deliver the same kind of advantages to their students. Different schools do this at different levels. It is, hence, very important for students to understand the quality of the b-school that they would like to get into.

However, as we keep telling our students repeatedly, salary packages are not the only factor to be used while evaluating b-schools. A host of other parameters must be looked at. Students need to make sure that they pick the right kind of b-school to get the right kind of boost to their budding careers. With over 3000+ b-schools in the country, the MBA scene in India resembles a multi-layered jungle. It has the top b-schools that give a great return to the students for the investment that they make in the form of time and money. At the same time, at the other end of the spectrum, there are many management schools hungry just for the students' money. A wrong step could mean that a rich and rewarding career could be at stake. With T.I.M.E.'s B-School Categorization, you can safely navigate this difficult terrain and reach the first step of a glorious career – the right/dream b-school.

Given the claims made by b-schools about many of the parameters, some genuine and some vastly exaggerated, it is difficult for a student to make the right decision about the quality of the school. Hence it is very important that students understand the key parameters that are to be looked at while evaluating b-schools. Once these are understood, one needs to look at b-schools for their performance on these parameters and arrive at a list of good schools. This is a complex process which requires a lot of information about the schools. One would also need some expert understanding about b-schools so that the data available can be used correctly.

While trying to obtain this information, there is a very high possibility of aspirants falling prey to the false claims that fly around thick and fast on various internet forums and websites. This is where T.I.M.E.'s B-School Categorization comes in handy. With invaluable knowledge built over three decades of experience in guiding students to b-schools, and a large network of centers across the country, T.I.M.E. is in a perfect position to vet the claims of b-schools for their authenticity and ensure that students have the right kind of information about b-schools.

T.I.M.E.'s motto is "we care for your careers". Helping our students build successful careers is what delights us most. Hence, we make it a point to spend the necessary time and resources on preparing T.I.M.E.'s B-School Categorization knowing well that it will help our students make the right choice. T.I.M.E.'s B-School Categorization is the result of extensive research and data collection, monitored by experts with decades of experience in guiding students on MBA admissions. The B-School Categorization, listed after this article, is based on the following parameters.

Parameters

The objective parameters used for T.I.M.E.'s India's Best B-School Categorization process are listed below.

(A) QUALITY OF STUDENTS

The quality of students on campus makes a huge 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 classroom and a 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, the better the quality of peers, the richer is the learning experience. The quality of the selection process (in terms of the percentile/cut off in the written exam, the rigorousness of the evaluation of the GD/Essay-writing/Interview, profile of the students, etc.) adopted by the institute gives one an idea about the quality of the students it admits. In general, the higher the cut-off, the better the quality of the school. Some b-schools give weightage to other parameters such as academics and work experience. Even at these schools, the entrance test percentile values are significantly higher than those of some of the schools which are in the categories immediately below them. Hence, the cut-off becomes a very reliable parameter for judging the quality of b-schools.

At the same time, our experts panel also ensures that schools that give good weightage to other parameters do not lose out because of their relatively lower cut-offs. The necessary expert opinion-based corrections are made to adjust for their lower cut-offs.

(B) PLACEMENTS

Placements are, undoubtedly, one of the key parameters used by most students to evaluate the quality of the b-school they are considering joining. Almost every aspirant 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 prospects it carries.

Many 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 bonus' or ‘variable pay'. 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 with understanding the different industry verticals and the roles on offer.

Additionally, it helps to recognise that not all those companies a business school claims to recruit from their campus will necessarily be present during the final placements. Some 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 of 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 considering 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 a top b-school could offer. Hence, you will 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. It is 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 ‘strong 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 support 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 which, 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, but the image of the school also 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 visit a b-school campus 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. Thus, the impact location has gets 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 despite 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 fee at most b-schools rising sharply, it is necessary to ensure that the return on the fee invested works out to be reasonable. With the fee at some schools at around ₹25–30 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 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. Hence, to ensure a level playing field we have evaluated the top 40 b-schools without the fee parameter. 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 the average salary does. You are advised to keep a careful eye on the return on investment that you would end up getting from some of the lower ranked schools.

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

(1) Infrastructure

An important factor to consider is the availability of necessary infrastructure in terms of state-of-the-art computer labs, high-speed Internet connectivity, a well-stocked library with subscriptions to famous management journals, and classrooms furnished with audio-visual aids. A b-school that does not have these facilities cannot be labelled a top-class institute.

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, several 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.

A fully residential programme at a top b-school fosters all-round development as the period of interaction with peers and faculty is not restricted to the class hours but, in fact, is an ongoing 24/7 process where the scope to learn is multiplied many times over.

(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 engaged 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 advised to go for GMP over SP as the former offers long-term benefits in terms of flexibility.

Our Methodology

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 an institute in the public domain and the opinion 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 comprise (a) placement data (b) cut-off score in entrance test (c) location of the school (d) age of the school (e) programme fee. The rating given by T.I.M.E. experts is based on the brand image of the school, the quality of its alumni base and the strength of its faculty, which together form a subjective part of the process.

Please note that only schools offering full-time two-year programmes, with at least one batch having passed out have been considered for this exercise.

The b-schools (in the list) are divided into seven broad categories:

Top 10 category features world-class institutes, like the IIMs and XLRI, that every student aspires to secure 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-academically-good students at these institutes manage to get good jobs on account of the ‘Brand Value' effect of the institute.

AAA+ & AAA categories of institutes are those that make up the top 30 b-schools in the country, after the Top 10. They offer high quality of education, faculty, and infrastructure facilities. These institutes almost always have a 100% placement record. A good number of the top students at these institutes can secure placements that are comparable to those offered at the Top 10 institutes.

AA & A categories of institutes offer a high and consistent quality of education, faculty, and infrastructure facilities. A good number of students in these schools get placements which are better than the placements of students in the lower half from the schools of categories mentioned above. These institutes are successful in providing high quality placements to their top students, especially to those with good communication skills.

BBB+, BBB, and BB categories of institutes are those that are well regarded by the industry and have been very successful in placing students. Some of these schools have been very strong brands themselves earlier and have been pushed down only because of the addition of multiple IIMs over the years. This shows that most of these still hold their ground fairly successfully and that students can rely on them to get a boost for their career.

B+ and B categories of schools have a good recognition with the industry. 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 companies, local and national.

Apart from all these, we have also listed b-schools under the ‘Others' category, which has institutes that 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. However, we believe these colleges are better than the many colleges that do not feature in our list at all. You are, hence, advised to get thorough information about these institutes before taking any decision regarding them. Talking to the current/ex-students of these schools may help. However, do remember to take their feedback with a pinch of salt, as the students too tend to do their bit to help their alma mater. Do not blindly go by the reviews you find on the internet as they can often be biased either in favour of or against the school. This would mean that the top 60 schools – Top 10, AAA+, AAA, AA and A categories – would be the schools to 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 b-school you get into, your academic performance in the programme plays a very important role in determining the kind of return you get out of your MBA.

It is only natural for all schools to have students who lag behind, resulting in placements that may not be envied by many. Conversely, top performers from lower-categories schools can secure some of the best placements from their campuses, making the most of their MBA experience. In fact, some of these placements could be significantly better than those achieved by less-well performing students in categories above them.

The obvious point that many aspirants do not consider 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 the B–School Categorization help you?

The list of top b-schools is a valuable guide that will help you on two fronts: (a) to pick the right set of b-schools to apply to and (b) to select the right b-school to join for final admission (i.e., from among the 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 around ₹2,000, an optimal number may be 10 to 12 schools. However, it could be slightly higher, based on one's affordability. You are strongly advised to apply to b-schools across categories to ensure that your chance of admission goes up.

Background: What you are doing currently in terms of your education/work 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 employed 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 of work experience 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 must 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 interview, 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.

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 final admissions.

Key notes about T.i.M.E.'s B–School Categorization:

Within each category, the schools are arranged in alphabetical order.

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.

Best Wishes from all of us at T.I.M.E.!

Top Ten

• Faculty of Management Studies (FMS), University of Delhi
• 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)
• Shailesh J. Mehta School of Management (SJMSOM), Indian Institute of Technology Bombay (IITB)
• S. P. Jain Institute of Management & Research (SPJIMR), Mumbai
• XLRI Xavier School of Management (XLRI), Jamshedpur & Delhi

AAA+

• Department of Management Studies, Indian Institute of Technology Delhi (IITD)
• Indian Institute of Foreign Trade (IIFT), New Delhi and Kolkata
• Indian Institute of Management Mumbai (IIM Mumbai)
• Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
• Management Development Institute (MDI), Gurugram
• Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
• Rajiv Gandhi Indian Institute of Management Shillong (RGIIM)
• Symbiosis Centre for Management & Human Resource Development (SCMHRD), Pune
• Symbiosis Institute of Business Management (SIBM), Pune
• Tata Institute of Social Sciences (TISS), Mumbai

AAA

• Department of Industrial and Management Engineering (IME), Indian Institute of Technology Kanpur (IIT-K)
• Department of Management Studies (DOMS), Indian Institute of Science (IISc.) Bengaluru
• Department of Management Studies (DOMS), Indian Institute of Technology Madras (IITM)
• Department of Management Studies (DOMS), Indian Institute of Technology Roorkee (IITR)
• Indian Institute of Management Raipur (IIM-Rai)
• Indian Institute of Management Ranchi (IIM-Ran)
• Indian Institute of Management Rohtak (IIM-Roh)
• Indian Institute of Management Trichy (IIMT)
• Indian Institute of Management Udaipur (IIMU)
• Vinod Gupta School of Management (VGSOM), Indian Institute of Technology Kharagpur (IIT-KGP)

AA

• BITS School of Management (BITSoM), Mumbai
• Department of Business Economics (DBE), South Campus, University of Delhi
• Department of Commerce, Delhi School of Economics (DSE), University of Delhi
• Department of Financial Studies (DFS), South Campus, University of Delhi
• Great Lakes Institute of Management (GLIM), Chennai (PGDM Two-Year Programme)
• Indian Institute of Management Amritsar (IIM–Am)
• Indian Institute of Management Kashipur (IIM-Ka)
• Indian Institute of Management Nagpur (IIMN)
• Indian Institute of Management Sambalpur (IIMS)
• Indian Institute of Management Visakhapatnam (IIMV)
• Institute of Management Technology (IMT), Ghaziabad
• International Management Institute (IMI), New Delhi
• MICA Ahmedabad
• Sydenham Institute of Management Studies and Research and Entrepreneurship Education (SIMSREE), Mumbai
• Xavier Institute of Management (XIM-B), Bhubaneswar

A

• Department of Humanities and Social Sciences, IIT Kharagpur (IIT-KGP)
• FORE School of Management, New Delhi
• Goa Institute of Management (GIM), Sanquelim (Goa)
• Indian Institute of Management Bodh Gaya (IIM-BG)
• Indian Institute of Management Jammu (IIMJ)
• Indian Institute of Management Sirmaur (IIM-S)
• Institute of Rural Management Anand (IRMA)
• Lal Bahadur Shastri Institute of Management (LBSIM), Delhi
• National Institute of Banking and Management (NIBM), Pune
• NMIMS Bengaluru
• Prin. L. N. Welingkar Institute of Management Development & Research (We School), Mumbai
• SDA Bocconi Asia Center, Mumbai
• Symbiosis Institute of Business Management, Bengaluru (SIBM–B)
• T. A. Pai Management Institute (TAPMI), Manipal
• University Business School (UBS), Panjab University, Chandigarh

BBB+

• Bharathidasan Institute of Management (BIM), Trichy
• Birla Institute of Technology & Science (BITS), Pilani
• FOSTIIMA B-School, New Delhi
• Faculty of Management Studies, Banaras Hindu University (BHU), Varanasi
• Nirma University Institute of Management (NIRMA), Ahmedabad
• K J Somaiya Institute of Management, Mumbai
• MANAGE, Hyderabad (only for those interested in Agri-Business/Rural Management)
• NMIMS Hyderabad
• NMIMS Navi Mumbai
• National Institute of Technology Tiruchirappalli (NITT)
• National Insurance Academy (NIA), Pune
• School of Management & Entrepreneurship, IIT Jodhpur
• Sri Ram College of Commerce (SRCC), MBA–GBO, Delhi
• Symbiosis Institute of Digital and Telecom Management (SIDTM), Pune
• Symbiosis Institute of Operations Management (SIOM), Nasik

BBB

• Birla Institute of Management Technology (BIMTECH), Greater Noida
• Delhi School of Management (Delhi Technological University), New Delhi
• Department of Business Management, Osmania University (OU), Hyderabad
• DOMS, IIT Dhanbad (formerly Indian School of Mines)
• Great Lakes Institute of Management (GLIM), Gurugram (PGDM Two–Year Programme)
• Hyderabad Central University (HCU), Hyderabad
• IFMR Graduate School of Business, KREA University, Chennai
• Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata
• IMT Hyderabad
• IMI Kolkata
• Loyola Institute of Business Administration (LIBA), Chennai
• MET's Institute of Management, Mumbai
• SIES College of Management Studies (SIESCOMS), Mumbai
• We School (Welingkar), Bengaluru
• Xavier Institute of Management and Entrepreneurship (XIME), Bengaluru

BB

• Amrita School of Business (ASB), Coimbatore
• Bharati Vidyapeeth University, Institute of Management and Research, Delhi
• Chetna's R. K. Institute of Management Studies & Research, Mumbai
• Christ University Institute of Management (CUIM), Bengaluru
• Department of Commerce and Management Studies, University of Pune (PUMBA), Pune
• ICFAI Business School (IBS), Hyderabad
• ICFAI B–School, Mumbai
• IES Management College and Research Centre, Mumbai
• IMT Nagpur
• IMI Bhubaneswar
• Jagdish Sheth School of Management, Bengaluru
• MDI, Murshidabad
• NMIMS Indore
• National Institute of Technology Calicut (NITC)
• School of Petroleum Management, Pandit Deendayal Petroleum University (PDPU), Gandhinagar
• SDM Institute for Management Development (SDM-IMD), Mysuru
• SOIL Institute of Management, Gurugram
• Symbiosis Center for Information Technology (SCIT), Pune
• Symbiosis Institute of Management Studies (SIMS), Pune
• UBS, Karjat (Mumbai)

B+

• Department of Management Studies, Anna University, Chennai
• DoMS-NALSAR University of Law, Hyderabad
• Indian Institute of Forest Management (IIFM), Bhopal
• Indus Business Academy (IBA), Bengaluru
• Institute of Technology & Management (ITM), Navi Mumbai
• International School of Management Excellence (ISME), Bengaluru
• Jagan Institute of Management Studies (JIMS), New Delhi
• Jaipuria Institute of Management, Jaipur
• Jaipuria Institute of Management, Lucknow
• Lala Lajpat Rai Institute of Management (LLIM), Mumbai
• Motilal Nehru National Institute of Technology (MNNIT), Prayagraj
• N. L. Dalmia Institute of Management Studies & Research (NLDIMSR), Mumbai
• New Delhi Institute of Management (NDIM), New Delhi
• SCMS Cochin School of Business, Kochi
• St Joseph's Institute of Business Administration, Bengaluru
• Symbiosis School of Banking & Finance (SSBF), Pune
• Vivekanand Education Society's Institute of Management Studies & Research, Mumbai
• Xavier Institute of Management & Entrepreneurship (XIME), Chennai
• Xavier Institute of Management & Entrepreneurship (XIME), Kochi
• Xavier Institute of Social Service (XISS), Ranchi

B

• AIMS Institutes (formerly known as Acharya Institute of Management Studies), Bengaluru
• Amity Business School, Noida
• Army Institute of Management, Kolkata
• B. K. School of Professional & Management Studies, Ahmedabad
• Badruka College Post Graduate Center (OU affiliated MBA), Hyderabad
• Balaji Institute of Modern Management (BIMM), Pune
• Bharati Vidyapeeth's Institute of Management Studies & Research, Mumbai
• Bharatiya Vidya Bhavan's Usha & Lakshmi Mittal Institute of Management, New Delhi
• Fortune Institute of International Business, New Delhi
• Globsyn Business School, Kolkata
• ICFAI B–School, Ahmedabad
• ICFAI B–School, Bengaluru
• ICFAI B–School, Gurugram
• ICFAI B–School, Jaipur
• ICFAI B–School, Kolkata
• ICFAI B–School, Pune
• IILM Institute for Business & Management, Gurugram
• IIRM Hyderabad
• Indira Institute of Management, Pune
• Institute of Management Development & Research (IMDR), Pune
• Institute of Public Enterprise (IPE), Hyderabad
• Jaipuria Institute of Management, Noida
• Kirloskar Institute of Advanced Management Studies (KIAMS), Harihar
• MIT World Peace University's Faculty of Management (MIT–WPU), Pune
• National Institute of Technology (NIT) Warangal
• Pondicherry Central University (PCU), Puducherry
• PSG Institute of Management, Coimbatore
• Rajagiri Centre for Business Studies (RCBS), Kochi
• Ramaiah Institute of Management, Bengaluru
• Rizvi Institute of Management Studies & Research (RIMSR), Mumbai
• School of Management (SMS), Cochin University of Science & Technology (CUSAT), Kochi
• Siva Sivani Institute of Management (SSIM), Hyderabad
• SSN School of Management & Computer Applications, Chennai
• St Francis Institute of Management & Research (SFIMAR), Mumbai
• Symbiosis Institute of Business Management (SIBM), Hyderabad
• Symbiosis Institute of Business Management (SIBM), Nagpur
• Symbiosis Institute of Mass Communication (SIMC), Pune
• Thakur Institute of Management Studies & Research (TIMSR), Mumbai
• University of Petroleum & Energy Studies (UPES), Dehradun
• University School of Management Studies (USMS), Guru Gobind Singh Indraprastha University (GGSIPU), New Delhi
• Vaikunth Mehta National Institute of Cooperative Management, Pune
• Vignana Jyothi Institute of Management (VJIM), Hyderabad
• Vishwa Vishwani Institute of Systems & Management, Hyderabad
• VIT Business School, Vellore
• Xavier Institute of Management & Research, Mumbai

Others

• Ajay Kumar Garg Institute of Management, Ghaziabad
• Asia-Pacific Institute of Management, New Delhi
• Birla Global University, 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 Business, Visakhapatnam
• IBMR B–School, Gurugram
• ICFAI B–School, Dehradun
• IIEBM Indus Business School, Pune
• IILM Institute for Higher Education, New Delhi
• Indian Institute of Finance (IIF), New Delhi
• Indian Institute of Tourism & Travel Management (IITTM), Gwalior
• Lovely Professional University (LPU), Phagwara
• Master School of Management, Meerut
• Myra School of Business, Mysuru
• National Institute of Technology (NIT) Durgapur
• National Institute of Technology Karnataka (also known as NIT Surathkal)
• R. A. Podar Institute of Management, Jaipur
• Symbiosis Institute of Computer Studies and Research (SICSR), Pune
• Symbiosis Institute of Health Sciences (SIHS), Pune
• Symbiosis School of Sports Sciences (SSSS), Pune
• Vanguard Business School, Bengaluru
• Xavier Business School (XBS), St Xavier's University, Kolkata