With the economy well on the path to recovery after a serious drop in 2020, B-school campuses across the country had kept their fingers crossed, hoping for placements to go well. Their hopes, have not been belied. Many schools, almost all of them from among the top rungs, have reported a healthy improvement in their placement figures. Our optimistic predictions last year that that the batch of 2021-23 will be ideally placed to cash in on the upswing of the economy seem to be on track. With this serving as a huge boost, B-school aspirants this year would be keen to get into the best B-school possible. Given this scenario, this year’s B-school categorisation comes in at just the right time to guide students and help them pick the right kind of B-school.
The number of B-schools in the country currently stands at well over 3000. Such a huge number immediately brings a question into the minds of MBA aspirants – which of these 3000+ schools are worth aspiring for?
The questions to ask are:
a. which of these schools should I apply to?
b. if I am able to get admission into some of these schools, which of them should I join?
These are very valid and important questions for which one doesn't find an easy answer. The answer actually depends on three key parameters - the aspirant's ability (both academic and aptitude based), background (both academic and financial), and his/her broad career objectives. As the answer may be different for different individuals, MBA aspirants would have to look at the possible set of “good” schools to begin with and then apply his/her individual conditions onto this set to pick out the schools that best fit their requirements. One should not blindly go by what others/friends are doing, as their conditions, as discussed above, could be different from one’s own.
This, however, is no easy task, given the multitude of claims by B-schools and, in some cases, their alumni. These claims should not be taken on face value and should be vetted as much as possible before using them to take a decision. Do note that this is to be done not only for the schools in the lower rungs of the B-school hierarchy but also for those at the top to ensure that we do not fall prey to the false notion that the better schools at the top can be trusted blindly. Add to all this, the hugely unreliable info that gets thrown at us on social media, we have a dangerous mix that could lead to serious selection errors.
Amidst all this, it is also very important that students understand the key parameters that are to be looked at while evaluating of 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 after having some understanding about the veracity of the claims made by the B-school. This is a complex process which needs 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.
With the intention of helping the students make the right choice without going through this complex process mentioned above and without getting trapped by the false claims, T.I.M.E. has been releasing the list of top B-Schools every year for the last many years.
This list has B-schools in various categories and would aid the B-School selection process of students enormously. The list is made after months of extensive research and data collection and is monitored by experts who have close to three decades of experience in guiding students on MBA admissions.
This article is to make you aware of the various parameters that should be looked at while selecting a B-School and to introduce you to the T.I.M.E.'s list of Top B-Schools in India.
(a) How is the list arrived at?
In the B-school categorisation process, T.I.M.E uses the strength of its country wide network of experts who have been guiding and mentoring students day-in-day-out for years. The B-School categorization process followed 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 the experts at T.I.M.E.. This blend of expert opinion and objective data is what makes it the most accurate categorisation available. The parameters used are (a) placement data; (b) cut-off score in entrance exam (c) location of the school, (d) age of the institute, and (e) fee charged. While these parameters constitute the objective aspect of the categorisation methodology, the rating given by T.I.M.E. experts considering the brand value of the B-school constitutes the subjective aspect. An elaborate scoring system is devised for each of the objective parameters, which is reviewed 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 assigned to the institutes based on the scoring system according to the authenticated data of the institutes.
Please note that only schools offering a two-year programme, with at least one graduate batch, have been considered for this exercise.
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.
The thought process behind the objective parameters that we use for our categorisation process is explained below:
The career opportunities that an MBA provides in the short/long term, the unparalleled speed of growth that it offers and the variety of roles that one can get into are among the main reasons why one should aim to do an MBA. Salaries are only a concomitant factor and should not be the sole reason for one to get into an MBA program. However, as the other parameters can only be visualised and objectively measured much later after one has graduated out of his/her MBA program, salaries at the time of campus placements are used as an indirect measure to gauge them.
The advantage with salary figures is that they are broadly objective – one can lay a finger on them and come to a general understanding about the quality of placements in a B-school. They are also very important, considering the fact that students at B-schools invest two valuable years of their life into MBA along with a considerable financial investment in the form of fees. To expect a commensurate return out of this heavy investment is, but natural. The salary figures hence reflect the quality of this return. It is no surprise that placement figures are almost always a very important parameter in the minds of most students when the decide which B-School to join.
Many B-schools resort to statistical and various other kinds of gimmickry while reporting salary figures. While some schools may not release any data about placements, some list only the names of companies that visited them for placements and do not reveal any details on the placement packages. Some carry historic data of the names of companies to create an impression as if all of them have visited them for the recent round of placements. While inflating the placement figures happens very often, adding joining bonuses or variable pay into the reported packages happens frequently too. Most schools do not reveal the percentage/number of students who were not placed. Many schools cite the names of a select few students who may have got above-average packages to impress their audience. The devil, here, is in the details – what percentage of the batch got the kind of packages being boasted of? The list of issues, as one can see, is fairly long. One needs to exercise extreme caution while trying to understanding the placements of B-schools.
Unfortunately, there is no standard reporting structure on placement data that B-schools are required to follow. Any such requirement could have put a stop to such trickery as mentioned above and would have made the picture on placements crystal clear to anybody who wants to understand it. IIM Ahmedabad has taken the initiative to put in place a set of reporting standards for b-schools called IPRS (Indian Placement Reporting Standards). This very laudable initiative, launched a decade ago, in 2011, has, unfortunately but not surprisingly, found little traction among the Indian B-schools. Sadly, some top-rung B-schools that had embraced the reporting standards initially, have now stopped following them.
We at T.I.M.E., love the transparency that a standard like IPRS can bring into the system, particularly when the standard makes it mandatory for the B-schools to have their placement reports audited by a 3rd party. As one of the very few companies in the world which get their results audited by a 3rd party before going to town with them, we understand the kind of honesty and effort that goes into ensuring the quality of such an audit. We, hence, as a part of the categorisation exercise, give positive credit to those schools that accept IPRS and report their placements accordingly.
You can know more about the IPRS here http://www.iimahd.ernet.in/iprs/index.php
Another aspect to keep in mind is that many schools do not announce their placement details regularly. This, we believe, happens when schools do not want to make public a drop in placement performance. This factor is taken note of seriously by us, during our categorization exercise.
(ii) Cut-off score in entrance test
Good students of a B-school help its brand get stronger and the B-school's brand value in-turn helps the students move ahead faster in their career. To ensure that this symbiotic relationship continues, it is only quite natural for B-schools to want to select only the best of the students who apply to it while students want to get into only the best B-schools.
It is also very important to note that the quality of students directly impacts the quality of learning in a B-school as a very significant amount of peer-learning happens at B-schools.
Cutoff percentile, is therefore a very strong indicator of the quality of the students at a B-school. Higher the figure, better will be the quality of the students at the B-school.
Some B-schools give significant weightage for other parameters like academics and work experience. Even at these schools, the entrance test percentile values are, in general, significantly higher than those of some of the schools which are in the categories immediately below them.
Fee is not a direct indicator of the quality of a school. One should not rate a school high just on its fee nor should one trash a school solely because of it. Many top schools charge a very high fee of around 19-20 lakh and a few top schools also charge a much lower fee of around 1-3 lakhs. So, fee cannot be an independent parameter to evaluate B-schools. It should be used in conjunction with the placements and the brand-value of the B-school.
The RoI (Return on Investment) needs to be considered very carefully, particularly when the fee level goes up. This would mean that, unless the student gets a salary package of a certain value, the investment in fee may not make much financial sense. RoI becomes a very crucial factor as one moves down the list of B-school categorisation, particularly outside the schools in the top three or four categories.
(iv) Location of the b-school
What has been said about fee not being a straight-forward parameter to handle also applies here to a large extent. There could be an excellent school in a relatively inferior location or vice versa. However, do keep in mind that location plays a fairly important role in attracting faculty and industry (for placements) to the campus.
However, the brand strength of an institute can counter the effect of location to a fairly significant extent. A good brand can attract faculty and industry even to a relatively less popular location.
This is the primary reason why the new IIMs, despite their so called “remote' locations have been able to command respect from both the academia and the industry in a very short span of time. But, as one moves down the list, particularly outside the top-50, the brand strength wanes and the influence of location starts picking up.
(v) Other factors
Quality of faculty and Quality of Infrastructure are also important factors to be looked at while evaluating a b-school. Enough care needs to be taken while reading into these data points, as some things are not quite as straightforward as on expects them to be.
Claims like number of PhDs, visiting faculty, etc. cannot be taken at face value as some of the names quoted may not be actually teaching regularly at those schools.
Number of full-time professors vs part-timers can also be a misleading data point and neither a high nor a low number here indicates superior/inferior teaching.
One may be tempted to consider lack of infrastructure as a severe handicap. However, it is to be noted that some of the new B-schools which have a good parent brand have been able to overcome this issue and perform successfully. The new IIMs (Ranchi/Raipur/Rohtak/Udaipur/Kashipur/Trichy), IIFT Kolkata are cases in point. One should not over-estimate the importance of infrastructure while selecting a B-School – what really matters is quality of learning.
(b) What our B-School list contains and what it doesn't
We consider only those schools that offer two-year MBA/PGDM programmes for our list. We bring any eligible schools into our consideration set only after they have completed two years of operation, which would mean that their first batch would have completed its tenure at these schools. That is because only then would we be able to assess the school in all the parameters that we consider for our categorisation.
The list only considers the flagship program of the schools. For example, for a school like IIM Ranchi, the flagship PGP is considered. While PGP-HR may not to be considered to be at par with the flagship PGP, it benefits significantly from the rub-off it gets from the PGP program. Hence, the non-flagship programs of all B-Schools need to be evaluated keeping such factors in mind. The brand value of the parent brand is an important factor to be kept in mind.
The B-Schools in the list below are divided into seven broad categories:
Top 10 category features world-class institutes, like the IIMs and XLRI that every student aspires to get 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 ‘rub-off’ effect of the institute.
AAA+ & AAA categories of institutes are those that fall into the Top 30. They offer high quality of education, faculty, and infrastructure facilities. These institutes have a 100% placement record. 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.
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 much better than the placements of the lower half of students from the categories above. These institutes are successful in providing high quality placements to their top students, especially those with good communication skills.
BBB+, BBB and BB categories of institutes are those that are generally well regarded by the industry and have been 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 have held their ground fairly successfully and that students should be able to rely on them to get a boost for their career.
B+ and B categories of schools have a fairly 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 some prominent companies, both 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 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 regarding them.
This would mean that the schools from the top categories – Top 10, AAA+, AAA, AA and A categories – would be the schools to aspire for.
How will this categorization help you?
The first question you should address is, ‘How many B-Schools should I apply to?’. The answer to this will depend on a few factors.
The first factor is your budget. With the cost of application for each institute being in the range of 1000 to 2500, you may not want to look at more than 8 or 9 institutes. But, whatever be the number of institutes you wish to apply to, it is always a good practice to select institutes across categories.
The second factor is what you are doing currently:
(a) Pursuing final year of graduation: In this case, you may be very keen on getting into a B-School but can afford to try again next year if you do not get into an institute of your choice. So, you may be able to afford to apply rather selectively. However, do keep in mind that applying widely is normally a good idea.
(b) Completed graduation in the last academic session, not pursuing any higher studies, and not working either: In this case make sure that you get into some institute (a reasonably good one). So, the number of institutes that you have to apply, will be higher than in the case of the first category.
(c) Completed graduation and currently working: You can be fairly selective unless you have been working for more than 4-5 years in which case, you 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 performance in the entrance exams. Depending on your performance, you may want to hedge your risk by applying to more institutes – particularly, to institutes across categories that we discussed above.
Once you decide on the number of institutes you will apply to, let us look at how you will go about deciding the types of such institutes. Here, the cardinal principle is that in order to safeguard your interests and reduce your risk, you should apply to institutes in at least three different tiers.
Let’s say that you have decided to apply to seven institutes. First, check how you have performed in your AIMCATs and what your percentile score has been like.
Let us say that you are in the 85-90 percentile range, then, apart from the IIMs (all of which you can apply to in the same form while registering for CAT), you will need to apply to a couple of institutes that have a cut-off higher than 90 percentile and to a couple of them with a cut-off of lower that 85 percentile. This will account for cases where you may get a better percentile than expected or lower percentile than expected. You will be able to save yourself from problems of two kinds - you meet the cut-offs of some better schools but did not apply to them, or a case where your percentile will not make you eligible to the schools that you have applied, as it is lower than expected.
You could also look at schools from one category above and a one category below the category that you expect yourself to land in. However, please note that not all schools in a category have similar cut-offs. So, do check the cut-offs of individual schools in the categories above and below your category while deciding on the schools to apply.
Also, if you are interested in specific specialisations, you may want to apply to some of the sectoral institutes, like IISc or TISS.
Finally, it is always a good idea to apply to as many institutes as possible, based on one’s affordability, to maximise one’s chances of making it to a B-School as one is never sure as to what criteria each institute would follow to shortlist and admit students.
Key points to note:
i) As one moves lower, from the BBB+ towards the B and Others categories, one has to pay increasing attention to the RoI factor - a combination of the Fee and Placement statistics.
ii) B-schools that may suit a person may not suit another. This is because of differences in aspirations, abilities, financial conditions etc. The set of schools satisfying all these constraints will hence be more or less unique to a person.
iii) Do not go by the placement figures alone and be wary of the claims by b-schools.
iv) The position of a school within a category is determined by a combination of factors, not a single factor. You will find schools doing better on any particular factor in a category below. However, when all the factors are looked at together, the schools in the higher category is better overall, than the school in the category below.
v) Within a category, the schools are listed only alphabetically and no in-category ranking is done. Doing individual rankings for schools is not objectively possible and is also not totally fair to the B-schools. We arrive at category sizes keeping in mind that the schools in a category should broadly be equally recommendable. You would observe that the grouping categories do not have uniformity with regards to the number of B-schools per category. This was done to ensure homogeneity (placements, cut-offs, brand value et al) amongst the B-schools within a category. If one wants to choose between schools within a category, a further study on the individual parameters for those schools should be taken up.
T.I.M.E.'S B-SCHOOL CATEGORISATION – 2021
- Faculty of Management Studies (FMS), University of Delhi, Delhi
- Indian Institute of Management, Ahmedabad (IIM-A)
- Indian Institute of Management, Bangalore (IIM-B)
- Indian Institute of Management, Calcutta (IIM-C)
- Indian Institute of Management, Indore (IIM-I)
- Indian Institute of Management, Kozhikode (IIM-K)
- Indian Institute of Management, Lucknow (IIM-L)
- S. P. Jain Institute of Management & Research (SPJIMR), Mumbai
- Shailesh J. Mehta School of Management (SJSOM), Indian Institute of Technology, Bombay (IITB)
- Xavier Labour Relations Institute (XLRI), Jamshedpur
- Department of Management Studies (DOMS), Indian Institute of Science (IISc.) Bangalore
- Department of Management Studies (DMS), Indian Institute of Technology Delhi (IITD)
- Indian Institute of Foreign Trade (IIFT), New Delhi and Kolkata
- Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
- Management Development Institute (MDI), Gurugram
- National Institute of Industrial Engineering (NITIE), Mumbai
- Rajiv Gandhi Indian Institute of Management (RGIIM), Shillong
- Symbiosis Institute of Business Management (SIBM), Pune
- Tata Institute of Social Sciences (TISS), Mumbai
- Vinod Gupta School of Management (VGSOM), Indian Institute of Technology, Kharagpur
- 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 Ranchi
- Indian Institute of Management Trichy
- Indian Institute of Management Kashipur
- Indian Institute of Management Raipur
- Indian Institute of Management Rohtak
- Indian Institute of Management Udaipur
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune
- 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)
- Department of Management Studies (DOMS), Indian Institute of Technology Roorkee
- 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
- Institute of Rural Management (IRMA), Anand
- International Management Institute (IMI), New Delhi
- Mudra Institute of Communication (MICA), Ahmedabad
- Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Mumbai
- Symbiosis Institute of International Business (SIIB), Pune
- T. A. Pai Management Institute (TAPMI), Manipal
- Xavier Institute of Management (XIM-B), Bhubaneswar
- Faculty of Management Studies, Banaras Hindu University (FMS BHU)
- 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 Jammu (IIM Jammu)
- Indian Institute of Management Bodh Gaya (IIM–BG)
- Indian Institute of Management Sambalpur (IIM Sambalpur)
- Indian Institute of Management Sirmaur (IIM Sirmaur)
- K. J. Somaiya Institute of Management Studies and Research (SIMSR), Mumbai
- Lal Bahadur Shastri Institute of Management, Delhi
- Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru
- National Institute of Banking and Management, (NIBM), Pune
- Sri Ram College of Commerce, MBA-GBO, Delhi
- Symbiosis Institute of Business Management, Bengaluru (SIBM-B)
- University Business School (UBS), Punjab University, Chandigarh
- Bharathidasan Institute of Management (BIM), Trichy
- Birla Institute of Management Technology, Greater NOIDA
- Birla Institute of Technology & Science(BITS), Pilani
- Christ University Institute of Management (CUIM), Bangalore
- Department of Humanities and Social Sciences, IIT Kharagpur
- Great Lakes Institute of Management, Gurgaon (PGDM Two-Year Programme)
- IFMR Graduate school of business KREA University
- Loyola Institute of Business Administration (LIBA), Chennai
- MANAGE, Hyderabad (only for those interested in Agri-Business/Rural Management)
- Narsee Monjee Institute of Management Studies (NMIMS), Hyderabad
- Narsee Monjee Institute of Management Studies (NMIMS), Navi Mumbai
- Nirma University Institute of Management (NIRMA), Ahmedabad
- Prin. L. N. Welingkar Institute of Management Development & Research (WE School), Mumbai
- SDA BOCCONI ASIA CENTER, Mumbai
- Symbiosis Institute of Operations Management (SIOM), Nasik
- Department of Business Management, Osmania University (OU), Hyderabad
- FOSTIIMA B–School, New Delhi
- Hyderabad Central University (HCU), Hyderabad
- Indian Institute of Forest Management (IIFM), Bhopal
- Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata
- Management Development Institute (MDI), Murshidabad
- Narsee Monjee Institute of Management Studies (NMIMS), Indore
- National Institute of Technology Tiruchirappalli (NITT)
- National Insurance Academy, Pune
- NL Dalmia Institute of Management Studies & Research(NLDIMSR), Mumbai
- SIES College of Management Studies (SIESCOMS), Mumbai
- Symbiosis Institute of Digital and Telecom Management (SIDTM), Pune
- Symbiosis Institute of Management Studies (SIMS), Pune
- Welingkar Institute of Management, Bengaluru
- Xavier Institute of Management and Entrepreneurship (XIME), Bengaluru
- Bharati Vidyapeeth University, Institute of Management and Research, Delhi
- Chetna's R.K. Institute of Management studies & Research, Mumbai
- Delhi School of Management (Delhi Technological University), Delhi
- Department of Commerce and Management Studies, University of Pune (PUMBA), Pune
- ICFAI B-School, Mumbai
- ICFAI Business School (IBS), Hyderabad
- Institute of Management Technology (IMT), Hyderabad
- Institute of Management Technology (IMT), Nagpur
- Institute of Technology & Management (ITM), Navi Mumbai
- International Management Institute (IMI), Kolkata
- METs Institute of Management, Mumbai
- National Institute of Technology (NIT), Calicut
- New Delhi Institute of Management, New Delhi
- School of Petroleum Management, Pandit Deendayal Petroleum University, Gandhinagar Gujarat
- Symbiosis Center for Information Technology (SCIT), Pune
- Amity Business School, Noida
- Amrita School of Business (ASB), Coimbatore
- Balaji Institute of Modern Management, Pune
- Bharati Vidyapeeth's Institute of Management Studies and Research, Mumbai
- Department of Management Studies (DOMS), Anna University Chennai
- IES Management college and research centre,Mumbai
- Indus Business Academy, Bangalore
- Institute of Public Enterprise (IPE), Hyderabad
- International Management Insitute (IMI), Bhubaneswar
- Jagan Institute of Management Studies, New Delhi
- Jagdish Sheth School of Management ( formerly IFIM Business School, Bengaluru)
- Rajagiri Centre for business studies, Cochin
- School of Communication & Management Studies (SCMS), Cochin
- SDM Institute for Management Development (SDM-IMD), Mysore
- SSN School of Management & Computer Applications, Chennai
- Symbiosis Institute of Business Management (SIBM), Hyderabad
- Symbiosis school of banking and finance, Pune
- Universal Business school , Mumbai
- University of Petroleum & Energy Studies, Dehradun
- Xavier Institute of Management & Research, Mumbai
- Asia-Pacific Institute of Management, Delhi
- B.K. School of Business Management, Ahmedabad
- Bharatiya Vidya Bhavans Usha and Lakshmi Mittal Institute of Management, Delhi
- Department of Management Studies, Indian institute of Technology (IIT), Dhanbad
- Fortune Institute of International Business, New Delhi
- Gitam School of International Business ( GSIB ), Visakhapatnam
- 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
- ISME Bangalore
- Kirloskar Institute of Advanced Management Studies (KIAMS), Harihar
- Lala Lajpatrai Institute of Management, Mumbai
- MIT School of Management, Pune
- Motilal Nehru National Institute of Technology (MNNIT), Allahabad
- National Institute of Technology (NIT), Durgapur
- National Institute of Technology (NIT), Suratkal
- National Institute of Technology (NIT), Warangal
- Pondicherry Central University (PCU), Puducherry
- PSG Institute of Management, Coimbatore
- Rizvi Institute of Management Studies & Research, Mumbai
- School of Management(SMS), Cochin University of Science & Technology, Cochin
- Siva Sivani Institute of Management, Hyderabad
- St. Francis Institute Of Management And Reseach (SFIMR), Mumbai
- Symbiosis Institute Of Computer Studies and Research, Pune
- Symbiosis Institute of Health Sciences, Pune
- Symbiosis Institute of Mass Communication (SIMC), Pune
- Thakur Institute of Management Studies & Research, Mumbai
- University School of Management Studies - Indraprastha University, Delhi
- Vignana Jyothi Institute of Management, Hyderabad
- Vishwavishvani institute of systems & management, 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
- XIME Chennai
- Acharya Institute of Management Studies, Bangalore
- Army Institute of Management (AIM), Kolkata
- 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
- Globsyn, Kolkata
- IBS Hyderabad off campus at Bangalore
- ICFAI B–School, Ahmedabad
- ICFAI B–School, Gurugram
- ICFAI Business School (IBS), Dehradun
- ICFAI Business School (IBS), Jaipur
- ICFAI Business School (IBS), Kolkata
- ICFAI Business School (IBS), Pune
- IIEBM Pune
- IILM Institute for Business and Management- Gurgaon
- IIRM Hyderabad
- Indian Institute of Tourism and Travel Management, Gwalior
- Jaipuria insititute of management Jaipur
- Jaipuria insititute of management Lucknow
- Lovely Professional University, Punjab
- Master School of Management, Meerut
- Myra School of Business, Mysore
- R A Podar Institute of Management, Jaipur
- Ramaiah Institute of Management, Bengaluru
- St Josephs College of Business Administration, Bengaluru
- Symbiosis School of Media and Communication, Bangalore
- Symbiosis School of Sports Sciences, Pune
- Vanguard Business School, Bengaluru
- VIT Business School - Vellore