In 2023, the prestigious Indian School of Business (ISB) has retained the number one position among the top MBA colleges in India, ISB ranked top in both of the previous years. The top Indian MBA college places 39th overall in the global MBA ranking.
Indian Institutes of Management, including Ahmedabad, Bangalore, Calcutta, Indore, and Lucknow are also included in the Financial Times (FT) Global MBA 2023 ranking. This year, IIM Lucknow appears on the FT ranking for the first time, while IIM Indore returns after not featuring in 2022.
Top colleges for an MBA in India: FT ranking
6. Indian Institute of Management Lucknow | FT rank: 90
The Indian Institute of Management Lucknow features among the FT MBA ranking for the first time in 2023.
Located in Lucknow, Uttar Pradesh, IIM Lucknow is a public business school established by the Government of India in 1984 as the fourth Indian Institute of Management.
IIM Lucknow offers post-graduate diploma, fellowship, and executive programs in management. It has been recognized as an "Institution of Excellence" by the Ministry of Human Resource Development in India. IIM Lucknow offers PGP as its flagship program. For admission to the PGP program, candidates need to clear the CAT exam with a valid score.
5. Indian Institute of Management Indore | FT rank: 89
The Indian Institute of Management Indore rises five places in this year's ranking after finishing 94th in 2021 and failing to rank in 2022.
IIM Indore is located in Indore, Madhya Pradesh. Founded in 1996, the school is recognized for its picturesque campus, faculty expertise, and the largest batch size among all IIMs. For admission to the PGP program, applicants need to clear the CAT with a minimum required percentile in each section and overall. However, overseas candidates can apply with their GMAT scores.
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4. Indian Institute of Management Calcutta | FT rank: 76
The Indian Institute of Management Calcutta has steadily fallen down the ranking in recent years. In 2021, it ranked among the top 50 however it fell to 66th place last year and finishes 76th overall in 2023.
IIM Calcutta is a public business school located in Kolkata, West Bengal. It was the first Indian Institute of Management to be established and was recognized as an Institute of National Importance by the Government of India in 2017. IIMC candidates must have taken the CAT/GMAT and obtained a minimum score percentile to get admission in the college.
IIMC has a dynamic and lively student community. Due to the highly competitive selection process, only the most outstanding students gain admission to IIMC. These students come from diverse academic and professional backgrounds.
3. Indian Institute of Management Bangalore | FT rank: 52
The Indian Institute of Management Bangalore (IIM-B) is up one place in 2023, finishing just outside the top 50 spots. That comes after the school fell substantially from 35th 53rd in the 2022 ranking.
IIM-B is a leading graduate school of management in India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.
Located in India’s high technology capital, Banglore, it is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving the added advantage of integrating classroom knowledge with practical experience.
IIM-B accepts CAT, GMAT, and GRE scores for admissions to its Post Graduate courses. The PGP is the most popular full-fledged two-year degree program offered by the college.
2. Indian Institute of Management Ahmedabad | FT rank: 51
The Indian Institute of Management Ahmedabad (IIM Ahmedabad) has risen up the ranking this year. After placing among the top 50 in 2021, the school fell to 62nd place last year but rises to finish 51st in 2023.
IIM Ahmedabad is a top business school located in Ahmedabad, Gujarat, India. It's one of the top Business Schools in India. As per the NIRF Ranking (released by the Ministry Of Education, GOI), IIM Ahmedabad stands in the number one position among top management colleges in India.
The two-year Post-graduate Program in Management (PGP) is the most popular program offered by the school. Candidates must have a valid CAT or GMAT score to get admitted to the college.
1. Indian School of Business | FT rank: 39
The Indian School of Business has placed among the top 25 business schools in recent memory, though it finished 32nd in 2022. This year, it falls to 39th place overall.
ISB is situated in Hyderabad, it offers a Post Graduate Program In Management alongside other courses. ISB was established in 2001 as a research-driven and world-class business school.
Candidates for ISB should have a valid GMAT/GRE score to get admitted to the prestigious business school. ISB has received accreditation from the Association of MBAs (AMBA), making it the 100th school worldwide to achieve the 'triple crown' of accreditations from AMBA, EQUIS, and AACSB.