Top 10 MBA Colleges to look out for in NIRF 2024

The Ministry of Education, Government of India publishes the ranking of institutions based on the National Institutional Ranking Framework (NIRF) every year. NIRF Ranking helps students in navigating their academic journey. Students try to get into the top colleges as these colleges have top-notch faculty, amazing resources, and very good connections with big companies due to which they are not only able to enhance their skills but also open doors to exciting opportunities. These colleges act as a goldmine in their career growth. In this article we are going to look out for the top 10 Management colleges in the upcoming NIRF 2024 Ranking.

Here is a list of top 10 Indian MBA colleges in 2024.

Let’s take an overview of these colleges and understand why they are in the top 10 list.

Indian Institute of Management, Ahmedabad

IIM Ahmedabad, founded in 1961, and is consistently ranked as the best business school of India. IIM Ahmedabad is renowned for its two-year PGP (MBA) program, which accepts applicants via CAT. IIM Ahmedabad campus offers a dynamic learning environment conducive to academic rigor and innovation. IIM Ahmedabad has strong industry connections and global recognition that make it a top choice for aspiring business professionals looking to accelerate their careers. IIM Ahmedabad has a fantastic reputation for placing students in the finance and consulting industries. The top companies like BCG, KPMG, EMAAR used to visit the campus. The average package stood at INR 34.36 LPA and Highest package was INR 1.15 CPA for the 2023 batch.

Indian Institute of Management, Bangalore

IIM Bangalore, founded in 1973 is the 2nd best management institute in India, as per NIRF Ranking 2023. IIM Bangalore ranked 32nd among the Global Top 50 QS World University Ranking by Subject in 2024. IIM Bangalore flagship MBA and EMBA programs was also ranked 47th by the FT Global MBA Rankings 2024. IIM Bangalore is situated in Karnataka, with a lush green 100-acres campus. IIM Bangalore has an amazing sports centre with facilities for badminton, table tennis, basketball, tennis, cricket, soccer, and swimming pool. There's also a gymnasium. 

Students of IIMB gets the opportunity to participate in a Student Exchange Program with colleges in North America, Europe, Asia, Australia, and south America. IIMB is also affiliated with the GNAM, which brings together 32 prestigious business schools from various countries. The only management school in India to be a member of the GNAM is IIMB.

IIM Bangalore average package for the batch stood at INR 35.31 LPA, In this most of the offers were made in the consulting domain. Some of the top recruiters were Adani Group, Paytm, Microsoft, Cogoport, Jio Platform, Accenture, and BCG.

Indian Institute of Management, Calcutta

IIM Calcutta is one of the top business schools and oldest IIMs in the Country. IIM Calcutta has consistently been ranked among the top management institutes in India and has also been ranked among top global business schools by renowned publications like Financial Times and QS World University Rankings.

IIM Calcutta Finance and Control area is known for its coverage of cutting edge topics in accounting and finance. 

The 2-year flagship MBA program of IIM Calcutta, takes admissions based on CAT score followed by GD /PI. IIM Calcutta's two-year fees is INR 27 lakhs. IIM Calcutta's Highest package for the 2024 batch was INR 1.2 Cr.

Top companies visiting the IIM Calcutta campus were Emaar, Avendus, Trident, TVS Capital Funds, Neo Wealth and Asset Management, Aliens Group, etc.

XLRI, Jamshedpur

In 1949, XLRI Jamshedpur was founded in India's Steel City. XLRI Jamshedpur is known for its Human Resource Program (PGDM HRM), Alumni Network, Strong Industry connections and Good ROI. XLRI Jamshedpur is consistently ranked among the Top B-Schools in both India and Globally. The Institute was ranked 9th by NIRF 2023 in the Management category.

XLRI has 2 Campuses, situated in Jamshedpur and Delhi-NCR respectively. The XLRI Delhi-NCR campus spans 36 acres, whilst the XLRI Jamshedpur campus occupies 50 acres.

XLRI takes admissions based on XAT score and GMAT/GRE (for International Candidates) followed by Personal Interview. The highest package for the batch 2024 stood at INR 75 LPA and average package for the batch 2024 stood at INR 29.89 LPA. The top recruiters are Accenture Strategy, Amazon, Bajaj Auto, Boston Consulting Group, HUL.

SP Jain Institute of Management and Research, Mumbai (SPJIMR Mumbai)

SP Jain Institute of Management and Research (SPJIMR) was established in 1981, known for its Culture and Diversity, Abhyudaya Program, Global Exposure and Great ROI. SP Jain was ranked 20th by NIRF 2023 and 40th Globally by FT Masters in Management 2023 ranking. SP Jain is situated in the financial capital of India, Mumbai. SP Jain also has other 3 campuses in Dubai, Singapore, and Sydney.

SP Jain Flagship program is PGDM, takes admission based on CAT / GMAT scores. SP Jain’s average package was recorded at INR 33 LPA and the highest package stood at INR 81 LPA for the 2024 batch.

Indian Institute of Technology, Delhi

Department of Management Studies (DMS) IIT Delhi was ranked 5th by NIRF and 4th by QS World University Ranking for Business and Management Studies under management Category. DMS IIT Delhi is located in Hauz Khas Delhi. DMS IIT Delhi offers PG, Executive, PhD, MDP and Various other courses to students.

DMS IIT Delhi Flagship MBA program takes admission through CAT exam. Students need to have a graduation with 60% aggregate in Engineering/ Technology/ Architecture/ Pharmacy or graduation with 60% aggregate or 6.0 CGPA in any branch of PCM subjects.

The highest and average package for the 2023 batch offered was INR 41.13 LPA and INR 25.82 LPA respectively. The top recruiters are EXL Services, Wipro, Accenture, Capgemini, IDFC, ICICI Bank, GAIL, IBM, Yes Bank, Bain & Company, McKinsey, Deloitte, Infosys, PwC, Adani Group, JSW among others

Indian Institute of Management, Kozhikode

IIM Kozhikode is one of the top management institutes, it was established in 1996, by the Government of India. IIM Kozhikode ranks 3rd by NIRF 2023 and 5th by Indian Institutional Ranking Framework (IIRF) in 2024. IIM Kozhikode is also known as “God’s Own Kampus” because of its Picturesquare beauty. IIM Kozhikode campus is spread across two hills and it comes under one of the most beautiful campuses in the country.

IIM Kozhikode offers admission to its 2-year flagship PGP program, through CAT. IIM Kozhikode average package stood at INR 29.05 LPA during the 2024 placement drive and Highest package stood at 72.02 LPA.

Indian Institute of Management, Lucknow

IIM Lucknow was established in 1984 and is the 4th IIM of India. IIM Lucknow was ranked 6th by NIRF 2023 and IIRF 2024 also ranked it 6th in the Management Category. IIM Lucknow also secured 85th Rank in FT Global MBA 2024 Rankings. IIM Lucknow mentors the newly established IIM Jammu, IIM Rohtak and IIM Kashipur.

IIM Lucknow is known for its Flagship PGP program, admissions are based on CAT Scores followed by WAT + PI. IIM Lucknow average package stood at INR 30 LPA and the highest package offered was INR 1.23 CPA for the batch of 2024. The top recruiters are Apparel Group, Coca Cola, HUL, Amazon, Salesforce, and many more.

National Institute of Industrial Engineering, Mumbai (now IIM Mumbai)

IIM Mumbai which was earlier called National Institute of Industrial Engineering, is located in Powai Mumbai. IIM Mumbai was ranked 7th by NIRF 2023 and 8th by IIRF 2024 in the management category. IIM Mumbai campus is equipped with all the modern facilities, students can spend their leisure time in sports like badminton, table tennis, basketball, volleyball, etc.

IIM Mumbai offers MBA as its flagship program, admissions are done through CAT, followed by GD / PI. IIM Mumbai fees is INR 21 Lakhs for the 2-year program, whereas for the batch 2024, IIM Mumbai average package for top 50% of the batch stood at INR 33.84 LPA and IIM Mumbai highest package offered was INR 54 LPA.

Indian Institute of Technology, Bombay

Shailesh J.Mehta School of Management (SJMSoM) established in 1995, is a management school of IIT Bombay. SJMSoM offers a 2-year flagship MBA program in management as well as Doctoral Programs in Management. NIRF 2023 and IIRF 2024 ranked SJMSoM 10th in Management Category.

IIT Bombay MBA admissions are done on the basis of CAT/GMAT scores. For the 2024 batch the school recorded the average package of INR 28.01 LPA and the highest package increased to INR 72 LPA. This year the school witnessed a wide range of opportunities with multiple recruiters offering roles in diverse sectors such as BFSI, Consulting, E-Commerce/IT, FMCG / FMCD, & Others.