Top 10 Best Management Institutes in India

Management education is one of the most sought-after fields of study in India. Every year, lakhs of aspirants apply for various entrance exams to get admission into the prestigious management institutes of the country. These institutes offer quality education, excellent faculty, industry exposure, and placement opportunities to their students.

But which are the best management institutes in India? How do they rank among each other? What are their admission criteria, fees, courses, and placements? These are some of the questions that many candidates have in mind while choosing a management institute for their higher studies.

To help you with your decision, we have compiled a list of the top 10 management institutes in India based on various ranking sources such as NIRF (National Institutional Ranking Framework), Times of India, and Careers360. We have also provided some brief information about each institute, along with their official websites for more details.

Go Through Top 10 Management Institutes:

1. Indian Institute of Management Ahmedabad (IIM-A)

IIM Ahmedabad is the top-ranked management institute in India according to NIRF 2023 rankings, with a score of 83.69 out of 100. It is also ranked first by Times of India and Careers360. Established in 1961, IIM Ahmedabad is one of the oldest and most prestigious IIMs in the country. It offers various postgraduate, doctoral, and executive programs in management, such as PGP, PGPX, ePGP, FPM, eFPM, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience, and personal interviews.

IIM Ahmedabad has a sprawling campus of 106 acres, with state-of-the-art facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a strong alumni network of over 33,000 members across the world. Some of the notable alumni include Raghuram Rajan (former RBI governor), K.V. Kamath (former president of BRICS bank), Harsha Bhogle (cricket commentator), Chetan Bhagat (author), etc.

The average placement package at IIM Ahmedabad for the batch of 2020-22 was Rs. 26.13 lakhs per annum (LPA), with the highest domestic package being Rs. 55.88 LPA and the highest international package being USD 200,000 per annum (PPA). The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iima.ac.in/

2. Indian Institute of Management Bangalore (IIM-B)

IIM Bangalore is the second-ranked management institute in India according to NIRF 2023 rankings, with a score of 83.48 out of 100. It is also ranked second by Times of India and Careers360. Established in 1973, IIM Bangalore is one of the leading IIMs in the country. It offers various postgraduate, doctoral, and executive programs in management, such as PGP, PGPEM, PGPPM, EPGP, FPM, FPMEP etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience and personal interviews.

IIM Bangalore has a lush green campus of 100 acres, with modern facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a vibrant alumni network of over 25, 000 members across the world. Some of the notable alumni include Kiran Mazumdar-Shaw (founder of Biocon), Prakash Padukone (former badminton player), Nandan Nilekani (co-founder of Infosys), Indra Nooyi (former CEO of PepsiCo), etc.

The average placement package at IIM Bangalore for the batch of 2020-22 was Rs. 28.98 LPA, with the highest domestic package being Rs. 62 LPA and the highest international package being USD 113, 000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iimb.ac.in/

3. Indian Institute of Management Calcutta (IIM-C)

IIM Calcutta is the third-ranked management institute in India according to NIRF 2023 rankings, with a score of 80.04 out of 100. It is also ranked third by Times of India and Careers360. Established in 1961, IIM Calcutta is the first IIM in the country and the only one to be accredited by AACSB, AMBA and EQUIS. It offers various postgraduate, doctoral and executive programs in management, such as PGP, PGPEX, PGDBA, FPM, EFPM, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience and personal interviews.

IIM Calcutta has a scenic campus of 135 acres, with world-class facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a distinguished alumni network of over 23, 000 members across the world. Some of the notable alumni include Sunil Mittal (founder of Bharti Airtel), Arun Jaitley (former finance minister), Deep Kalra (founder of MakeMyTrip), Rajat Gupta (former managing director of McKinsey & Company), etc.

The average placement package at IIM Calcutta for the batch of 2020-22 was Rs. 29.66 LPA, with the highest domestic package being Rs. 80 LPA and the highest international package being USD 194, 000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iimcal.ac.in/

4. Indian Institute of Management Kozhikode (IIM-K)

IIM Kozhikode is the fourth-ranked management institute in India according to NIRF 2023 rankings, with a score of 73.34 out of 100. It is also ranked fourth by Times of India and ninth by Careers360. Established in 1996, IIM Kozhikode is one of the newer IIMs in the country. It offers various postgraduate, doctoral, and executive programs in management, such as PGP, PGP-BL, PGP-F, PGP-LSM, EPGP, FPM, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience, and personal interviews.

IIM Kozhikode has a picturesque campus of 112.5 acres, with state-of-the-art facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a dynamic alumni network of over 10,000 members across the world. Some of the notable alumni include Shashi Tharoor (politician), Ritesh Agarwal (founder of OYO), Anjali Bansal (founder of Avaana Capital), etc.

The average placement package at IIM Kozhikode for the batch of 2020-22 was Rs. 23.08 LPA, with the highest domestic package being Rs. 58.36 LPA and the highest international package being USD 153,568 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iimk.ac.in/

5. Indian Institute of Technology Delhi (IIT-D)

IIT Delhi is the fifth-ranked management institute in India according to NIRF 2023 rankings, with a score of 72.15 out of 100. It is also ranked fifth by Times of India and fourth by Careers360. Established in 1961, IIT Delhi is one of the premier engineering institutes in the country. It also offers various postgraduate and doctoral programs in management through its Department of Management Studies (DMS), such as MBA, MBA-Telecom, EMBA, PhD, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience, and personal interviews.

IIT Delhi has a sprawling campus of 320 acres, with cutting-edge facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a stellar alumni network of over 60,000 members across the world. Some of the notable alumni include Sundar Pichai (CEO of Google), Arvind Kejriwal (chief minister of Delhi), Raghuram Rajan (former RBI governor), Binny Bansal (co-founder of Flipkart), etc.

The average placement package at IIT Delhi for the batch of 2020-22 was Rs. 18.47 LPA, with the highest domestic package being Rs. 33 LPA and the highest international package being USD 150,000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://dms.iitd.ac.in/

6. Indian Institute of Management Indore (IIM-I)

IIM Indore is the sixth-ranked management institute in India according to NIRF 2023 rankings, with a score of 71.10 out of 100. It is also ranked seventh by Times of India and fifth by Careers360. Established in 1996, IIM Indore is one of the newer IIMs in the country. It offers various postgraduate, doctoral, and executive programs in management, such as PGP, IPM, EPGP, FPM, FPM Industry, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience, and personal interviews.

IIM Indore has a beautiful campus of 193 acres, with contemporary facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a vibrant alumni network of over 8,000 members across the world. Some of the notable alumni include Prashant Kishor (political strategist), Ravi Dubey (actor), Nidhi Razdan (journalist), etc.

The average placement package at IIM Indore for the batch of 2020-22 was Rs. 23.6 LPA, with the highest domestic package being Rs. 56.8 LPA and the highest international package being USD 109,666 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iimidr.ac.in/

7. Indian Institute of Management Lucknow (IIM-L)

IIM Lucknow is the seventh-ranked management institute in India according to NIRF 2023 rankings, with a score of 71.02 out of 100. It is also ranked sixth by Times of India and eighth by Careers360. Established in 1984, IIM Lucknow is one of the older IIMs in the country. It offers various postgraduate, doctoral, and executive programs in management, such as PGP, PGP-ABM, PGP-SM, IPMX, WMPX, FPM, EFPM, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience and personal interviews.

IIM Lucknow has a serene campus of 200 acres, with excellent facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a diverse alumni network of over 12, 000 members across the world. Some of the notable alumni include Ajit Mohan (vice president and managing director of Facebook India), Rana Kapoor (founder of Yes Bank), Rajdeep Sardesai (journalist), etc.

The average placement package at IIM Lucknow for the batch of 2020-22 was Rs. 24.25 LPA, with the highest domestic package being Rs. 51 LPA and the highest international package being USD 150, 000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.iiml.ac.in/

8. Xavier Labour Relations Institute (XLRI)

XLRI is the eighth-ranked management institute in India according to NIRF 2023 rankings, with a score of 69.93 out of 100. It is also ranked second by Times of India and tenth by Careers360. Established in 1949, XLRI is one of the oldest and most reputed private management institutes in the country. It offers various postgraduate and doctoral programs in management, such as PGDM, PGDHRM, PGDBM, FPM, EFPM, etc. The admission to these programs is based on XAT/GMAT scores, academic performance, work experience and personal interviews.

XLRI has a sprawling campus of 50 acres, with modern facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a distinguished alumni network of over 17, 000 members across the world. Some of the notable alumni include Leena Nair (CHRO of Unilever), Krishnakumar Natarajan (co-founder and chairman of Mindtree), B.Muthuraman (former vice chairman of Tata Steel), etc.

The average placement package at XLRI for the batch of 2020-22 was Rs. 25.08 LPA, with the highest domestic package being Rs. 50 LPA and the highest international package being USD 150, 000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.xlri.ac.in/

9. Indian Institute of Technology Kharagpur (IIT-KGP)

IIT Kharagpur is the ninth-ranked management institute in India according to NIRF 2023 rankings, with a score of 69.50 out of 100. It is also ranked fifth by Times of India and sixth by Careers360. Established in 1951, IIT Kharagpur is one of the premier engineering institutes in the country. It also offers various postgraduate and doctoral programs in management through its Vinod Gupta School of Management (VGSoM), such as MBA, EMBA, PhD, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience, and personal interviews.

IIT Kharagpur has a vast campus of 2100 acres, with cutting-edge facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a stellar alumni network of over 70,000 members across the world. Some of the notable alumni include Sundar Pichai (CEO of Google), Arvind Kejriwal (chief minister of Delhi), Raghuram Rajan (former RBI governor), Binny Bansal (co-founder of Flipkart), etc.

The average placement package at IIT Kharagpur for the batch of 2020-22 was Rs. 18.42 LPA, with the highest domestic package being Rs. 35 LPA and the highest international package being USD 140,000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.som.iitkgp.ac.in/

10. Indian Institute of Technology Bombay (IIT-B)

IIT Bombay is the tenth-ranked management institute in India according to NIRF 2023 rankings, with a score of 68.08 out of 100. It is also ranked fourth by Times of India and seventh by Careers360. Established in 1958, IIT Bombay is one of the premier engineering institutes in the country. It also offers various postgraduate and doctoral programs in management through its Shailesh J. Mehta School of Management (SJMSOM), such as MBA, EMBA, PhD, etc. The admission to these programs is based on CAT/GMAT/GRE scores, academic performance, work experience and personal interviews.

IIT Bombay has a scenic campus of 550 acres, with state-of-the-art facilities such as classrooms, library, auditorium, hostel, sports complex, etc. It also has a distinguished alumni network of over 60, 000 members across the world. Some of the notable alumni include Nandan Nilekani (co-founder of Infosys), Rajat Gupta (former managing director of McKinsey & Company), Ravi Subramanian (author), etc.

The average placement package at IIT Bombay for the batch of 2020-22 was Rs. 21.96 LPA, with the highest domestic package being Rs. 32.4 LPA and the highest international package being USD 133, 000 PPA. The top recruiters included Amazon, McKinsey & Company, Boston Consulting Group, Bain & Company, Accenture Strategy, etc.

Website: https://www.som.iitb.ac.in/

Conclusion:

These are the top 10 management institutes in India based on various ranking sources such as NIRF, Times of India, and Careers360. These institutes offer quality education, excellent faculty, industry exposure, and placement opportunities to their students. They also have a strong reputation and recognition in the national and international arena.

If you are planning to pursue management education in India, you should consider applying to these institutes based on your eligibility, preference, and career goals. However, you should also do your own research and analysis before making a final decision.

FAQs

Q1. What are the common entrance exams for admission to management institutes in India?

A1. The common entrance exams for admission to management institutes in India are CAT (Common Admission Test), GMAT (Graduate Management Admission Test), GRE (Graduate Record Examination), XAT (Xavier Aptitude Test), etc.

Q2. What are the factors that affect the ranking of management institutes in India?

A2. The factors that affect the ranking of management institutes in India are teaching and learning resources, research and professional practice, graduation outcomes, outreach and inclusivity, perception, etc.

Q3. What are the benefits of studying management in India?

A3. The benefits of studying management in India are:

• You can get access to quality education at affordable fees compared to other countries.
• You can learn from some of the best faculty members and industry experts in the field of management.
• You can get exposure to diverse cultures and perspectives that can enhance your global outlook and skills.
• You can get ample opportunities for networking and career growth with some of the top companies