India’s Most Desirable Business Schools – InsideIIM User Rankings

So, after 5 years of swatting away requests for a ranking from our users, we have finally given in. We did a simple thing. We asked our users – only those registered as CAT/MBA Aspirants on the platform to tell us how desirable each of the 48 of India’s top business schools is on a scale of 1 to 100.

(The only other piece on Business Schools Rankings was done by us 5 and half years ago here. Interesting how things have changed since then.)

So, what is this list?

It is the degree of desirability InsideIIM’s users attach to each business school. This is purely based on how badly they want to join each school in relation to others. This ranking is NOT a comment on placements, academics, research or the quality of professors at a business school. Clearly, this ranking ONLY reflects the brand each of the schools in this list of 48 has created for themselves in the mind of an Aspirant who will join b-schools in 2018.

The ranking below will tell you how India’s brightest students are likely to make decisions when choosing business schools to join. Please note that there are issues such as fees, location, batch size, domain specialisations, etc. which are taken into account when a student makes a decision. Hence, it is not necessary that everyone follows this ranking when finally accepting admission. Not everyone will get calls from all of the schools listed here. Even after getting interview calls, they will get final admissions only from some. The actual decision making is a lot more complex but our list will give Directors, Admissions Chairpersons, Student Media Committees plenty to think about in terms of how their brand is perceived. MBA Aspirants will also know where other top students are likely to join.

Please note Current Students at Business Schools and or Alumni have had no say in this list directly. They may have influenced Aspirants but the votes were given only by MBA Aspirants. In order to prevent media committees and admissions teams to game this survey, we conducted the survey in stealth mode.

Here’s the list!

*Baby IIMs include – IIM Nagpur, IIM Jammu, IIM Sirmaur, IIM Sambalpur, IIM Amritsar, IIM Visakhapatnam, and IIM Bodh Gaya

Here’s a consolidated list of the aforementioned schools with their fees, gender diversity data, and their batch size.

Ranks B-School Name Mean Score Type Zone Fees Gender Diversity(% of women) Batch Size
1 IIM Ahmedabad 93.33 Government West ₹1,878,000 30.39% 441
2 IIM Calcutta 90.54 Government East ₹1,900,000 31.30% 460
3 IIM Bangalore 89.74 Government South ₹1,870,000 28.15% 405
4 FMS Delhi 87.15 Government North ₹20,960 18.89% 217
5 XLRI Jamshedpur 85.98 Private/Trust East ₹2,000,000 27.47% 364
6 IIM Lucknow 83.44 Government North ₹1,406,000 30.09% 462
7 ISB Hyderabad 78.3 Private/Trust South ₹3,027,475 31% 905
8 IIM Kozhikode 77.87 Government South ₹1,600,000 28.88% 374
9 IIM Indore 75.42 Government West ₹1,300,000 39.45% 545
10 IIFT Delhi 74.9 Government North ₹1,570,000 32.34% 167
11 SPJIMR Mumbai 73.99 Private/Trust West ₹1,460,000 41.32% 242
12 JBIMS Mumbai 73.76 Private/Trust West ₹210,000 12.23% 139
13 MDI Gurgaon 70.24 Private/Trust North ₹1,886,000 NA NA
14 IIM Shillong 64.52 Government East ₹800,000 12.36% 178
15 NITIE Mumbai 62.68 Government West ₹626,500 NA NA
16 SJMSoM IIT Bombay 60.52 Government West ₹899,504 46.02% 113
17 TISS Mumbai 57.86 Private/Trust West ₹238,600 32.84% 67
18 NMIMS Mumbai 57.81 Private/Trust West ₹1,800,000 32.57% 697
19 IIFT Kolkata 57.17 Government East ₹16,25,000 NA NA
20 IIM Ranchi 56.8 Government East NA 35.63% 247
21 DoMS IIT Delhi 56.55 Government North NA NA NA
22 SIBM Pune 56.22 Private/Trust West ₹1,825,000 NA NA
23 IIM Rohtak 56.03 Government North ₹1,050,000 9.54% 262
24 IIM Trichy 55.64 Government South ₹13,20,000 13.41% 179
25 IIM Udaipur 55.55 Government North ₹1,072,700 23.61% 233
26 IIM Raipur 54.15 Government East ₹1,232,200 NA NA
27 IIM Kashipur 51.99 Government North ₹6,29,210 NA NA
28 VGSoM IIT Kharagpur 51.94 Government East 731,330 NA NA
29 MICA Ahmedabad 51.83 Private/Trust West ₹1,350,000 46.67% 180
30 DoMS IIT Madras 50.06 Government South ₹3,00,000 NA NA
31 SCMHRD Pune 49.02 Private/Trust West ₹1,545,000 41.41% 227
32 XIM Bhubaneshwar 48.91 Private/Trust East ₹1,540,000 NA NA
33 IMT Ghaziabad 48.17 Private/Trust North ₹1,650,000 33.33% 543
34 Baby IIMs* 47.96 Government Multiple ₹1,000,000 NA NA
41 K.J.Somaiya 43.92 Private/Trust West ₹800,000 41.11% 360
42 Great Lakes Institute of Management 40.48 Private/Trust South ₹1,046,000 NA NA
43 IMI Delhi 39.95 Private/Trust North 1,541,000 NA NA
44 TAPMI Manipal 39.62 Private/Trust South ₹1,400,000 NA NA
45 SDA Bocconi Asia Center 35.47 Private/Trust West ₹2,050,000 38.10% 84
46 IFMR Chennai 34.66 Private/Trust South ₹1,200,000 NA NA
47 Welingkar Mumbai 34.2 Private/Trust West ₹860,000 NA NA
48 SOIL Gurgaon 30.81 Private/Trust North ₹1,463,817 NA NA

The above list looks at the desirability quotient of 48 Business Schools in India.

This is an Aspirant’s perspective. It has always been an important question for us at InsideIIM – to decode how Aspirant’s decide which schools to join. We believe a large part of the rankings above can be ascribed to the kind of stories and communication that comes out of a business school. There are also clear indicators around fees, batch size and ‘perception’ of placements.

IIM Ahmedabad leads the pack. No other school has yet managed to create the kind of brand IIM A has. But there are more interesting questions that one can explore. K before I? SPJIMR before JBIMS? New IIMs after NMIMS Mumbai and TISS Mumbai?  And here’s what we think…

  1. IIM Calcutta before IIM Bangalore : This could be because of the selection criteria. IIM Bangalore insists on Work Experience. Check here. Whereas, IIM Calcutta doesn’t even consider Graduation scores and percentages of an applicant. Fresher and performed poorly in graduation? IIM Calcutta (Selection Criteria) is the b-school for you. Most numbers of aspirants fall into this category. There is also a significant case for an extremely well connected IIM C alumni body that helps create a brand for the business school globally.
  2. What about ISB? : A lot of ISB alumni claim that it is not fair to compare ISB with the other business schools in India because they are 1 year and that you need at least 2 years work experience. However, the fact is that most MBA aspirants and most recruiters do compare ISB with other business schools in India. This is reflected in the way students apply as well as how recruiters structure their MBA hire programmes. And hence the 900 plus batch size along with the large fee (even after accounting for the saving of 1 year) makes it a little less desirable to join ISB than it used to be in the mid-2000s.
  3. FMS Delhi at 4 : FMS’ desirability is higher than XLRI and IIM L, I, K. We believe this ranking is particularly because of the ROI factor! For about INR 20,000, you get an MBA Degree and high-quality placements at FMS Delhi. No wonder the Selection Criteria didn’t hamper the desirability quotient of the b-school!
  4.   IIM Kozhikode before IIM Indore : Two words – Batch Size. IIM Indore’s batch size has made a serious dent to its desirability quotient. With IPM students included, this year the batch size was more than 540 students!
  5. SPJIMR before JBIMS : Both the colleges are excellent in their own way. And SPJIMR Mumbai is marginally ranked higher by the aspirants in comparison to JBIMS Mumbai. Could this be because of the fact that SPJIMR does profile-based calls as well? Is it also because you have a better chance to get into SPJIMR Mumbai as more seats are available for open category candidates and candidates from outside Maharashtra?
  6. New IIMs after TISS Mumbai and NMIMS Mumbai : Perhaps brand tag of IIM isn’t everything. And MBA aspirants are wise to this. Both TISS and NMIMS have their own exams, also, the fees for NMIMS is much more than that of the New IIMs. Despite these possibly limiting factors, aspirants perceive New IIMs slightly undesirable compared to the TISS and NMIMS Mumbai. TISS, of course, has the ROI factor + small batch size factor to its advantage too. Plus, it’s considered to be the second best college when it comes to HR specialisation.

Now let’s look at this list in another way. Let’s dissect it based on whether it is a Government owned Institute or a Privately owned Institute.

Rankings – Private/Trust Owned Business Schools

B-School Name Mean Score Type Zone Fees Gender Diversity Batch Size
XLRI Jamshedpur 85.98 Private/Trust East ₹2,000,000 27.47% 364
ISB Hyderabad 78.3 Private/Trust South ₹3,027,475 NA NA
SPJIMR Mumbai 73.99 Private/Trust West ₹1,460,000 41.32% 242
JBIMS Mumbai 73.76 Private/Trust West ₹210,000 12.23% 139
MDI Gurgaon 70.24 Private/Trust North ₹1,886,000 NA NA
TISS Mumbai 57.86 Private/Trust West ₹238,600 32.84% 67
NMIMS Mumbai 57.81 Private/Trust West ₹1,800,000 32.57% 697
SIBM Pune 56.22 Private/Trust West ₹1,825,000 NA NA
MICA Ahmedabad 51.83 Private/Trust West ₹1,350,000 46.67% 180
SCMHRD Pune 49.02 Private/Trust West ₹1,545,000 41.41% 227
XIM Bhubaneshwar 48.91 Private/Trust East ₹1,540,000 NA NA
IMT Ghaziabad 48.17 Private/Trust North ₹1,650,000 33.33% 543
K.J.Somaiya 43.92 Private/Trust West ₹800,000 41.11% 360
Great Lakes Institute of Management 40.48 Private/Trust South ₹1,046,000 NA NA
IMI Delhi 39.95 Private/Trust North 1,541,000 NA NA
TAPMI Manipal 39.62 Private/Trust South ₹1,400,000 NA NA
SDA Bocconi Asia Center 35.47 Private/Trust West ₹2,050,000 38.10% 84
IFMR Chennai 34.66 Private/Trust South ₹1,200,000 NA NA
Welingkar Mumbai 34.2 Private/Trust West ₹860,000 NA NA
SOIL Gurgaon 30.81 Private/Trust North 1,463,817 NA NA

In this case, it’s clearly XLRI Jamshedpur that is leading. XLRI Jamshedpur has one of the best programs for HR in the country and an equally good program for BM. But it’s interesting to note that NMIMS Mumbai’s Batch Size of almost 700 students does not affect it’s desirability quotient in a major way!

It is interesting to note that most InsideIIM Users would opt for XLRI over ISB. We have already explored the possible reasons above.

Rankings – Government Business Schools

B-School Name Mean Score Type Zone Fees Gender Diversity Batch Size
IIM Ahmedabad 93.33 Government West ₹1,878,000 30.39% 441
IIM Calcutta 90.54 Government East ₹1,900,000 31.30% 460
IIM Bangalore 89.74 Government South ₹1,870,000 28.15% 405
FMS Delhi 87.15 Government North ₹20,960 18.89% 217
IIM Lucknow 83.44 Government North ₹1,406,000 30.09% 462
IIM Kozhikode 77.87 Government South ₹1,600,000 28.88% 374
IIM Indore 75.42 Government West ₹1,300,000 39.45% 545
IIFT Delhi 74.9 Government North ₹1,570,000 32.34% 167
IIM Shillong 64.52 Government East ₹800,000 12.36% 178
NITIE Mumbai 62.68 Government West ₹626,500 NA NA
SJMSoM IIT Bombay 60.52 Government West ₹899,504 46.02% 113
IIFT Kolkata 57.17 Government East ₹16,25,000 NA NA
IIM Ranchi 56.8 Government East NA 35.63% 247
DoMS IIT Delhi 56.55 Government North NA NA NA
IIM Rohtak 56.03 Government North ₹1,050,000 9.54% 262
IIM Trichy 55.64 Government South ₹13,20,000 13.41% 179
IIM Udaipur 55.55 Government North ₹1,072,700 23.61% 233
IIM Raipur 54.15 Government East ₹1,232,200 NA NA
IIM Kashipur 51.99 Government North ₹6,29,210 NA NA
VGSoM IIT Kharagpur 51.94 Government East 731,330 NA NA
DoMS IIT Madras 50.06 Government South ~3,00,000 NA NA
Baby IIMs* 47.96 Government Multiple ₹1,000,000 NA NA

The fact that certain IITs offering MBA programs are ranked higher than newer IIMs is quite interesting. NITIE Mumbai has a better desirability quotient than all New and Baby IIMs. Clearly, Baby IIMs at the bottom of the pile tells you that they haven’t made a very good first impression and the stories trickling in from across the New IIM campuses don’t sound very promising.

We now look at the list Geographical Zone wise.

 

Rankings – East India

B-School Name Mean Score Type Zone Fees Gender Diversity Batch Size
IIM Calcutta 90.54 Government East ₹1,900,000 31.30% 460
XLRI Jamshedpur 85.98 Private/Trust East ₹2,000,000 27.47% 364
IIM Shillong 64.52 Government East ₹800,000 12.36% 178
IIFT Kolkata 57.17 Government East ₹16,25,000 NA NA
IIM Ranchi 56.8 Government East NA 35.63% 247
IIM Raipur 54.15 Government East ₹1,232,200 NA NA
VGSoM IIT Kharagpur 51.94 Government East 731,330 NA NA
XIM Bhubaneshwar 48.91 Private/Trust East ₹1,540,000 NA NA

 

Rankings – North India

FMS Delhi 87.15 Government North ₹20,960 18.89% 217
IIM Lucknow 83.44 Government North ₹1,406,000 30.09% 462
IIFT Delhi 74.9 Government North ₹1,570,000 32.34% 167
MDI Gurgaon 70.24 Private/Trust North ₹1,886,000 NA NA
DoMS IIT Delhi 56.55 Government North NA NA NA
IIM Rohtak 56.03 Government North ₹1,050,000 9.54% 262
IIM Udaipur 55.55 Government North ₹1,072,700 23.61% 233
IIM Kashipur 51.99 Government North ₹6,29,210 NA NA
IMT Ghaziabad 48.17 Private/Trust North ₹1,650,000 33.33% 543
IMI Delhi 39.95 Private/Trust North 1,541,000 NA NA
SOIL Gurgaon 30.81 Private/Trust North 1,463,817 NA NA

Rankings – South India

IIM Bangalore 89.74 Government South ₹1,870,000 28.15% 405
ISB Hyderabad 78.3 Private/Trust South ₹3,027,475 NA NA
IIM Kozhikode 77.87 Government South ₹1,600,000 28.88% 374
IIM Trichy 55.64 Government South ₹13,20,000 13.41% 179
DoMS IIT Madras 50.06 Government South ~3,00,000 NA NA
Great Lakes Institute of Management 40.48 Private/Trust South ₹1,046,000 NA NA
TAPMI Manipal 39.62 Private/Trust South ₹1,400,000 NA NA
IFMR Chennai 34.66 Private/Trust South ₹1,200,000 NA NA

Rankings – West India

IIM Ahmedabad 93.33 Government West ₹1,878,000 30.39% 441
IIM Indore 75.42 Government West ₹1,300,000 39.45% 545
SPJIMR Mumbai 73.99 Private/Trust West ₹1,460,000 41.32% 242
JBIMS Mumbai 73.76 Private/Trust West ₹210,000 12.23% 139
NITIE Mumbai 62.68 Government West ₹626,500 NA NA
SJMSoM IIT Bombay 60.52 Government West ₹899,504 46.02% 113
TISS Mumbai 57.86 Private/Trust West ₹238,600 32.84% 67
NMIMS Mumbai 57.81 Private/Trust West ₹1,800,000 32.57% 697
SIBM Pune 56.22 Private/Trust West ₹1,825,000 NA NA
MICA Ahmedabad 51.83 Private/Trust West ₹1,350,000 46.67% 180
SCMHRD Pune 49.02 Private/Trust West ₹1,545,000 41.41% 227
K.J.Somaiya 43.92 Private/Trust West ₹800,000 41.11% 360
SDA Bocconi Asia Center 35.47 Private/Trust West ₹2,050,000 38.10% 84
Welingkar Mumbai 34.2 Private/Trust West ₹8,60,000 NA NA

 

Please Note: This desirability quotient is based on the perception of InsideIIM users and what they think of these b-schools.

 

P.S: XLRI Jamshedpur, IFMR Chennai, SDA Bocconi Asia Center, MICA Ahmedabad, SPJIMR Mumbai are Business School Partners At InsideIIM.

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Comments

5 comments

Retro

Useless report – I doubt your kind of desirability report has any use in today’s world – I wonder what your stealth mode process was- who were your strength candidates – I can make a survey tomorrow and come up with an entirely different result. Stop copying what pagalguy did years ago and failed already. A sample of candidates who use your website are bound to be influenced by what narrative you try to protray and when they end up voting they mirror the same narrative they see on your website. Learn proper sampling techniques from the textbooks you had in your Bschool and then attempt anything like this even if you still wish to. I am sure no one is anyways taking this seriously out of the meager few who even visit your website.