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India's best b-schools of 2013; IIM-A retains top slot

Last updated on: October 14, 2013 10:10 IST

India's best b-schools of 2013; IIM-A retains top slot

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Business Today in partnership with MDRA (external link) has released the results of the top 100 business schools in India. These are the top ten.

Leading magazine Business Today has released its annual survey of the country's top 100 business schools for the year 2013.

Organised in partnership with Marketing and Development Research Associates, the announcement comes just a week ahead of the commencement of the Common Admission Test -- a prerequisite for admission to the 13 IIMs and other leading business schools in the country.

Some of the parameters considered for ranking the schools include learning and living experience at the institute, selection process, placement performance and future orientation.

Besides the objective and perceptive survey findings, what makes the the list unique this year is that they have added the finding of an "experiential survey" of alumni to give an inside view of how market trends have affected the positioning of these schools.

213 B-schools participated in the survey, leading schools like the Indian Institute of Management, Bangalore (IIM-B), and IIM, Lucknow (IIM-L) chose to stay away from the rankings.

At the same time, institutes like the Indian School of Business or ISB, Hyderabad and Great Lakes Institute of Management, Chennai were not considered for the rankings because each of them offer programmes that are of less than two years duration.

So which b-schools did make the cut? 

Please click NEXT to know the top 10 business schools in India as per Business Today’s findings...


Image: India's best b-schools of 2013


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10.International Management Institute, Delhi

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The International Management Institute, Delhi is ranked at Number 10 this year.

Judging by last year's parameters which included only the objective and perceptive scores, the institute was ranked at number 35.

But taking into consideration, the experiential scores, the IMI is ranked among the top ten schools to pursue a management degree in.

The private business school was started in the year 1981 in collaboration with International Management Institute, Geneva.

Besides the regular part-time degree and executive programmes, it also offers an intensive Fellow Programme in Management for research enthusiasts.


Image: International Management Institute, Delhi
Photographs: Courtesy International Management Institute, Delhi

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9. Indian Institute of Foreign Trade, Delhi

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At number nine is the Indian Institute of Foreign Trade, Delhi. The autonomous public business school was ranked at Number 24 last year.

The IIFT was started in 1963 by the Government of India with the aim of professionalising the study of foreign trade management thus enabling better trade relations with neighbouring nations.

Admission to programmes at IIFT is subject to the student's performance in the IIFT entrance exam.

It has a residential campus in Kolkata as well.


Image: Indian Institute of Foreign Trade, Delhi
Photographs: Courtesy Indian Institute of Foreign Trade, Delhi

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8. Management Development Institute, Gurgaon

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Staying put at the eighth place is the Management Development Institute, Gurgaon.

It was established in the year 1973 in partnership with several leading global institutions like the World Bank and International Labour Organisation among others.

Today, MDI is counted among the most prestigious management colleges in Northern India.


Image: Management Development Institute, Gurgaon
Photographs: Wikimedia Commons

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7. SP Jain Institute of Management and Research, Mumbai

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Next at number seven, you have the SP Jain Institute of Management and Research, Mumbai.

The autonomous institution was established in 1981 and was inaugurated at the hands of late British prime minister Margaret Thatcher.

SPJIMR is among the few Indian management institutions to have international branches in Singapore, Dubai and Sydney.


Image: SP Jain Institute of Management and Research
Photographs: Wikimedia Commons

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6. Indian Institute of Management Indore

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The Indian Institute of Management Indore has slipped down two places from its last year's rankings; it is ranked sixth this year.

Established in the year 1998, the public institute is known to have the largest campus in the country among all the IIMs -- an area of 193 acres.

It is one of the few institutes that offer IPM -- a five-year integrated programme in management.

According to the official website, it currently caters to 450 Two Year Full Time MBA (PGP), 60 One Year Full Time MBA (EPGP), 25 PhD and 120 IPM students.


Image: Indian Institute of Management Indore
Photographs: Wikimedia Commons

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5. Indian Institute of Management Kozhikode

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Rounding off the top five business schools in the country is the Indian Institute of Management Kozhikode. It was ranked at Number Nine last year.

Established in the year 1996, IIM-Kozhikode boasts of being the first Asian institute to offer a distance learning programme in management for working executives.

Recently, it added one more feather to its cap by admitting more than 50 percent women students into its various management programmes for the academic year 2013-15.


Image: Indian Institute of Management Kozhikode
Photographs: Wikimedia Commons

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4. Faculty of Management Studies, Delhi

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At number four is the Faculty of Management Studies, Delhi. Last year, it was ranked at Number Three.

Established in 1954, the FMS is the first business school in India to have started the full time MBA programme.

It is also the least expensive of all public institutions to study management.

The annual tuition fee for an MBA programme at the FMS, irrespective of what specialisation you pursue is Rs 10,480.


Image: Faculty of Management Studies, Delhi
Photographs: QuintEssence/Wikimedia Commons

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3. Xavier Labour Relations Institute, Jamshedpur

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The Xavier Labour Relations Institute, Jamshedpur has eventually made it to the Top Three this year. It was ranked fourth last year.

Established in the year 1949, it is one of the oldest institutes imparting professional management education to students.

Admission to XLRI is based on performance in the Xavier Aptitude Test (XAT).

As of 2012, it has 420 post graduate students across various disciplines studying at the institute.


Image: Xavier Labour Relations Institute, Jamshedpur
Photographs: Courtesy Xavier Labour Relations Institute, Jamshedpur

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2. Indian Institute of Management Calcutta

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In second place is the Indian Institute of Management Calcutta.

Established in 1961, admission to the institute is based on performance in CAT and GMAT.

As of 2012, 462 post graduate students study at this institute.


Image: Indian Institute of Management Calcutta
Photographs: Lakeside Lens Lovers/Wikimedia Commons

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1. Indian Institute of Management Ahmedabad

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The best business school in India according to Business Today is the Indian Institute of Management Ahmedabad. It retained its top spot from last year and dominated rankings across all parameters considered for the survey -- learning and living experience, selection process, placement performance and future orientation.

Established on December 16, 1961, IIM-A regularly tops various surveys around the world. As of 2013, 364 post graduate diploma aspirants, 45 PGP (Agri Business Management) professionals and 85 executive trainee professionals study at the institute.


Image: Indian Institute of Management Ahmedabad
Photographs: Courtesy IIM-Ahmedabad/Facebook

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