There are an uncountable number of B-schools in India. Institutes are judged for various reasons and parameters to draw an overall ranking in comparison to other colleges of the same genre. IIMs definitely take a lead from other B-schools. But there are other B-schools as well which offer quality education and have better ROI as compared to few IIMs. Let us discuss more about this in detail.

Top 5 B-Schools in India

Let us discuss today a bit more about the top B-schools in India. The list has been taken from NIRF 2021 Ranking that was released a few days back. The list of top MBA colleges in India is given below:

#1 Indian Institute of Management, Ahmedabad (IIM-A)

  • IIM-A ranks #1 in the list announced by NIRF ranking 2021 for Management Colleges
  • IIMA has been rated as the top B school of India in the NIRF consecutively for the last 2 years
  • The most popular course (PGP – 2 years regular MBA) fee is around Rs.23 Lacs (for batch – 2021-23) which includes tuition fee of Rs.16.99 Lacs and few other expenses.
  • Several Need-Based scholarships programs are available for eligible students. The scholarship amount is decided on the basis of several criteria such as annual gross family income, ownership of assets, and the number of dependents in the family. The applications for these scholarships are invited every year in the month of July/August. Many commercial banks and financial institutions provide educational loans to students.
  • For the batch of 2018-20, the placement statistics is as follows:
    • A total of 388 candidates got placed (100% placement)
    • International placements – 19
    • Domestic placements – 369
    • Highest Domestic package – Rs.55.88 LPA
    • Highest International package – US $180,645

#2 Indian Institute of Management, Bangalore (IIM-B)

  • IIM-B ranks #2 in the list announced by NIRF ranking 2021 for Management Colleges
  • The flagship course offered by IIM-B is PGP (2-year regular MBA) fee is around Rs.23 Lacs (for batch – 2020-22) which covers Tuition, Library, Internet, Case Permission Royalty, Course Material, Hostel Room Rent and Service Charge, Medical Insurance, Personal Accident Insurance and Alumni Activity.
  • All PGP students whose family income is less than Rs.8 LPA are eligible to apply for scholarships offered by IIM-B
  • Students are eligible for Need-Based scholarships and Merit-Based Scholarships. The details are given here
  • For the batch of 2019-21, the placement statistics is mentioned below:
    • A total of 440 students got placed (100% placement)
    • 120 companies participated in the placement drive
    • International placements – 8
    • Domestic Placements – 432
    • Average salary of batch – Rs.28.98 LPA
    • Median salary of batch – Rs.28.60 LPA

#3 Indian Institute of Management, Calcutta (IIM-C)

  • IIM-C ranks #3 in the list announced by NIRF ranking 2021 for Management Colleges
  • The program fee for 2-year full time regular MBA from IIM-C for the batch 2021-23 is around Rs.22-23 Lacs
  • There are several scholarships available for the eligible students on the basis of Need-Based and Merit-Based
  • For the batch of 2019-21, the placement statistics is given below:
    • A total of 444 students got placed (100% placement)
    • 148 recruiters took part in the placements this year
    • Highest offers were seen from Consulting domain with close to 40% offers within same domain

#4 Indian Institute of Management, Kozhikode (IIM-K)

  • IIM-K ranks #4 in the list announced by NIRF ranking 2021 for Management Colleges
  • The program fee for 2-year PGP is Rs.20.50 Lacs
  • IIM-K offers several Need-Based and Merit-Based scholarships for eligible students
  • For the batch of 2019-21, the placement statistics is mentioned below:
    • A total of 459 students got placed (100% placement)
    • Highest domestic package – Rs.46.88 LPA
    • Average domestic package – Rs.22.53 LPA
    • 137 recruiters took part in the placements this year
    • Consulting domain saw majority of placements for the year with highest CTC of Rs.44.87 LPA and average CTC of Rs.24.44 LPA

#5 Indian Institute of Technology, Delhi (IIT-Delhi)

  • IIT-Delhi ranks #5 in the list announced by NIRF ranking 2021 for Management Colleges
  • The program fee for 2-year regular full-timeMBA is Rs.9.60 Lacs
  • Students can get scholarships through various state and central government scholarships schemes for higher education
  • The placement statistics for the batch 2021-23 is given below:
    • The batch witnesses 100% placement
    • Highest package – Rs.33.80 LPA
    • Average package – Rs.18.50 LPA
    • 48% of the batch was from Information Technology background
    • 29.7% students got placed in Sales and Marketing domain

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