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NIRF 2025 MBA Rankings: How Relevant Are They for B-School Choice?

Aug 14, 2024 | 3 minutes |

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The NIRF 2025 rankings are out and seeing the ranking of MBA colleges and institutions in India we are left with a question- Are the NIRF rankings still relevant? Many MBA aspiring candidates look up to the NIRF rankings to target certain B-schools and add them to their dream colleges list. But is it worth choosing IIT-Delhi MBA over IIM-Calcutta? One of the holy trinity colleges with IIM-Ahmedabad and IIM-bangalore. Let's review the latest NIRF rankings to identify the top MBA programs in India. 

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NIRF 2024 Rankings: Top 20 MBA Institutions in India
Institute Name Overall Score NIRF Ranking 2024
IIM Ahmedabad 83.32 1
IIM Bangalore 81.16 2
IIM Kozhikode 77.9 3
IIT Delhi 76.25 4
IIM Calcutta 75.07 5
IIM Mumbai (NITIE) 74.73 7
IIM Lucknow 74.43 6
IIM Indore 73.53 8
XLRI Jamshedpur 68.13 9
IIT Bombay 67.16 10
MDI Gurgaon 66.85 11
IIM Rohtak 66.49 12
SIBM Pune 65.13 13
IIM Raipur 64.4 14
IIFT Delhi 62.36 15
IIT Madras 62.83 16
IIM Ranchi 61.27 17
IIT Roorkee 61.21 18
IIT Kharagpur 61.03 19
SPJIMR 60.97 20

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What are the Parameters NIRF Uses to Rank MBA Colleges?
Parameters Ranking Weight Total Marks
Teaching, Learning & Resources (TLR) 30% 100
Research and Professional Practice (RP) 30% 100
Graduation Outcomes (GO) 20% 100
Outreach and Inclusivity (OI) 10% 100
Perception (PR) 10% 100

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The Fundamental Problem With MBA Rankings

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Research is the only factor that helped IIT-Delhi rank better than IIM-Calcutta- a massive difference of 30.3 marks in the parameter having the highest weightage. IIT-Delhi’s Median Package is 24.45 LPA, almost 38% less than IIM-Calcutta (33.67 LPA). Similarly IIM-Kozhikode scores better than IIM-C due to OI and Research. The ranking does not cater to FMS-Delhi and ranks schools like Jamia and Amity in the top 30. Conclusion NIRF’s rankings do not do justice to MBA rankings and they should not become a factor to consider while selecting or targeting B-Schools. The factors included do not address the points necessary for an aspirant to evaluate his or her decisions. The differences exist not only among MBA colleges but also among undergraduate colleges. One should check factors like placements, alumni networks, company visits and offered roles, ROI, brand value, and batch size to make the correct decision. 

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