NIRF Rankings 2024 for MBA Colleges: Placements, Cutoffs

Top MBA Colleges in India come with a plethora of highly-esteemed programs, famous faculty, and an alumni network that offers rich opportunities within the corporate world. Beginning from globally acclaimed Indian Institutes of Management (IIMs) to private institutes like XLRI and SPJIMR—these B-schools have been firmly placed in the lists of the best, first across India and then throughout Asia.

This is the article for the top 20 B-Schools in India, based on academic excellence, infrastructure, placement records, industry interface, and student experiences. Whether you're a fresh grad looking for ways to enhance your managerial skills or a working professional trying to give impetus to your career, this guide provides ways to understand the immensely competitive landscape that characterizes the premier management institutions in India.

Also Read, Top MBA Colleges In India Based On Placement Reports 2025

NIRF 2024 Rankings MBA

The data used has been from the latest available reports.

Also Read, Top PGDM Colleges In India 2025, Rankings, Placements, Fees

NIRF Rankings 2024 for MBA Colleges

1. IIM A – Indian Institute of Management Ahmedabad

IIM Ahmedabad, ranked 1 in NIRF MBA ranking list 2024, is known for stringent academic programs and world-class faculty. Known as the number one B-school on the Indian subcontinent, unmatched for the holistic learning environment they offer. IIM A is the first among equals when we look at the holy trinity of IIMs. It is often dubbed as 'the mecca of management education.

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

Ranked at 2 in the NIRF 2024 rankings for MBA, IIM Bangalore prides itself on a vibrant academic culture rich with diversity. The institute offers a portfolio of management programs at par with global standards and has a distinct academic focus on research, which further sets this institute as one of the top management institutes in the country.

3. Indian Institute of Management Kozhikode (IIM K)

IIM Kozhikode has been ranked in the 3rd position among all NIRF ranking India B-schools and is known for a cutting-edge curriculum with impactful emphasis on diversity. Put together, along with one of the best MBA colleges to study in 2024, IIM-K does hold a sprawling campus. The institute has been consistently rated as one of the best business schools offering executive education and distance learning programs. Further, considering how fast the institute has risen the ranks, it is a testament to the fact that the management, or rather the administration at IIM K is determined on achieving a lot.

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

Ranked 4th among the top Indian management colleges, IIT Delhi is a reputed institution respected not only in the domain of engineering but also in management education. In fact, its DMS is one of the front-running institutions having a strong research orientation and excellent industrial linkage. IIT Delhi, with its pioneers, stands as one of the best MBA colleges making consistent progress in the year 2024 and has its different unique interdisciplinary programs oriented between technology and management.

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

Having obtained a 5th place in the NIRF top MBA colleges, IIM Calcutta is known for its rich legacy and academic excellence. Renowned for its programs in finance and analytics, IIM-C is internationally reputed with great ties to international universities. It remains among the top B-schools in India that offer holistic programs, which ensure students are able to master leadership roles across sectors. IIM Calcutta is first management college in India to be awarded the "Triple Crown" - AMBA, AACSB and EQUIS - which is no small feat.

6. Indian Institute of Management Mumbai (IIM-M)

The IIM Mumbai secured 6th place in the NIRF ranking list of MBA schools for the year 2024; although it is a relatively new IIM, it quickly asserted itself as a top B-school in India. With a strategic location in the heart of India's financial capital, the institute harnesses the power of industry connections in providing a dynamic learning experience, squarely placing it as a leading B-school in India. Technically speaking, IIM Mumbai is the oldest established IIM in the country.

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

Ranked 7th in the MBA college ranking in India, IIM Lucknow is known for its quality management programs and high placement record. It offers a wide range of MBA specializations and has a good focus on research and entrepreneurship. IIM-L has sprawling campuses and a strong alumni network, which makes IIM-L one of the top B-schools in India. In fact, IIM Lucknow is amongst the best colleges in the country for an MBA in Finance.

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

IIM Indore is ranked 8 on the NIRF 2024 MBA rankings and is renowned for its five-year integrated program in management, or IPM. IIM Indore has a strong focus on academics and therefore, the same has become the culture at the college.

9. XLRI - Jamshedpur

In the NIRF India B-school rankings, XLRI Jamshedpur is the oldest management institute in India known for its forte in ethics and values-based education. It is well known for the HR and industrial relations programs; it also consistently ranks among the top business schools according to NIRF. The HR program offered by XLRI is the best, not just in India but in Asia as well.

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

Ranking 10th in the NIRF top MBA colleges, IIT Bombay's Shailesh J. Mehta School of Management is one of the top B-schools that provides ultra-modern programs incorporating technology usage with management education. Being famous for having various industry connections and for having an entrepreneurial inclination in its educational concepts, IIT - B is a most prestigious college for an MBA, promising future candidates in India.

11. MDI Gurgaon

MDI Gurgaon pronounced to be the 11th-ranked B-school in the country, high in the list of leading B-schools in the country with declared high standards in academics complemented with very high industry interface. It offers a variety of postgraduate and doctoral programs; moreover, it is said to have a very vibrant campus life and is an institute of interest to MBA aspirants.

12. Indian Institute of Management Rohtak (IIM-R)

Ranked 12th in the NIRF India B-school rankings, IIM Rohtak is fast emerging as a center of excellence in management education. With its innovative programs and reputation for focusing on research, IIM-R now pulls traction for MBA aspirants who look for a complete learning experience from a relatively new IIM.

13. Symbiosis Institute of Business Management (SIBM)

SIBM Pune is one of the best private B-schools in India, ranking 13th according to the MBA NIRF 2024 ranking list. Strongly industry-integrated and having great placement statistics, SIBM-P campus is very vibrant due to the large ambit of management specializations it offers.

14. Indian Institute of Management, Raipur (IIM Raipur)

IIM Raipur, currently positioned at the 14th spot in the ranking of MBA colleges in India for 2024, has established its reputation at the speed of light while maintaining strong academic programs. Located in the heart of Chhattisgarh, IIM Raipur is a very dynamic, energetic learning environment focusing on innovation, research, and entrepreneurship, thus emerging as the rising star amongst Indian B-schools.

15. Indian Institute of Foreign Trade (IIFT)

Ranked at the 15th position in the NIRF 2024 MBA rankings, IIFT Delhi is known for international business management education with the right mix of intensity in the curriculum and great industry interface. It ranks on top of the specialized trade and finance program in the country with regard to top management institutes.

16. IIT Madras Department of Management Studies

16th in the NIRF MBA ranking list 2024, focusing on research and innovation in management. The blend of technology and management education prepares the students for senior leadership positions in different sectors. IIT-M is known to produce very rigorous academicians and has a very strong alumni base.

17.IIM Ranchi

IIM Ranchi is known for its emphasis on leadership and entrepreneurship. Being one of the newer ones, it has soon cemented its place as a top B-school not just in India but world over, offering loads of programs that adapt to the business landscape today.

18. IIT Roorkee's Department of Management Studies

Ranked 18th according to the NIRF India B-school rankings, IIT Roorkee's Department of Management Studies has a strong focus on analytical abilities and problem solving. IIT Roorkee offers a very distinct combination of technology and management education; hence, this institute is the most favored of many students as it helps in achieving a top business position.

19. IIT Kharagpur

IIT Kharagpur is known for being a place where the emphasis is laid on strong research and interdisciplinary learning. It has made IIT Kharagpur number 19 in the NIRF MBA ranking list of 2024. From the number of programs blending engineering and managerial education, this is further made to be one of the leading MBA colleges of 2024.

20. S.P. Jain Institute of Management and Research (SPJIMR)

SPJIMR Mumbai, ranked 20th in the country by NIRF India B-school rankings, is acknowledged for its focus on entrepreneurship and innovation. The wide range of management programs, delivered by the institute, caters to the dynamic needs of the global business environment and hence makes it the favorite among MBA aspirants looking for a complete and dynamic learning experience.