Top B-Schools in India

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Top B-Schools in India

200 offices in 103 cities The Top management institutes in the country have been divided into seven broad categories. A numerical ranking often does not have a sound scientific basis. The parameters and, more importantly, the weightages given to these tend to be extremely subjective. A qualitative analysis of a B-school on pre-determined parameters can however give you a more comprehensive picture. These parameters include placement record, quality of faculty members, quality of students, quality of infrastructure, image of the institute, etc. However being based on perspective, the resultant rankings too, are thus subject to many fierce debates. T .I.M.E. has used its extensive student database, years' of experience in the field and a proven methodology to categorize the top institutes. Methodology The B-School categorisation process adopted by T .I.M.E. is an elaborate multi-step process where due weightage is given to the statistics available about an institute in the public domain and the opinion of experts at T .I.M.E. That's why, it is a blend of expert opinion and objective data which makes it the most accurate categorisation available. In the first stage, we identify the parameters that influence the rating of a B-School, which are whittled down further on the basis of the relative importance of the parameters identified in the first stage. The parameters used finally are (a) average C TC , (b) cut-off score at the institute, (c) number of applicants, (d) location of the school, (e) age of the institute, (f) quality of alumni, and (g) faculty. These parameters constitute the objective aspect of the categorisation methodology, while the rating given by T .I.M.E. experts to each institute constitutes the subjective aspect. An elaborate scoring system is devised for each of the objective parameters, which is reviewed and modified by an expert panel. The data related to each institute for each of the above parameters is collected and scrutinised for its authenticity. Finally, scores are given to the institutes based on the scoring system according to the authenticated data of the institute. For each institute included in our list, it is the flagship course of that institute that has been considered for the purpose of the categorization. The only exception to the above are the programs of the IIM's where both the PGP and the Executive programs have been treated on par and given the same status. In some cases specific programs of some top institutes (the MS program of FMS and the HR program of MDI) have been graded at a different level than that of their flagship program. This has been done on account of the popularity of the program and its relative standing against other such programs of other institutes. As a part of the selection criteria, a number of management institutes also include a minimum percentage of marks to be scored by the students in their graduation for the students to be eligible to apply to such institutes. C lick here to view the graduation percentage requirements of select B-Schools. CATEGORISATION OF THE TOP B-SCHOOLS IN INDIA Top B-Schools in the country have been divided into seven broad categories. A numerical ranking often does not have a sound scientific basis. The parameters and, more importantly, the weightage given to these, tend to be extremely subjective. The resultant rankings too, are thus subject to many fierce debates. In this case, T.I.M.E. has used its extensive student database and experience in the field to categorise the Top B-Schools. Broadly, these categories are meant to aid the students in applying to institutes. Within a category, the institutes are of approximately the same quality. Of course, the categorisation is only indicative and students should make independent inquiries before taking a final decision about which institutes to apply to. The Top Ten are the so-called 'Ivy-League' institutes like the IIMs and XLRI that every student dreams of securing an admission into. Many of these institutes are comparable with the best in the world. Indeed, some of them regularly feature in the lists released by international business magazines. These institutes invariably have a 100% placement record. Even the not-so-good students at these institutes manage to get very good jobs on account of the 'rub-off' effect of the institute. The "AAA (Triple A)" & "AA (Double A)" categories of institutes are those that fall into the Top 30. They offer a high quality of education, faculty, and infrastructure facilities. These institutes have a 100% placement record and are considered to be just a notch lower than the 'Ivy-League' schools. A significant number of the top students at these institutes are able to secure placements that are comparable to those offered at the Top 10 institutes. Most students should be more than happy to join these institutes if they are able to get admission. The "A" and "BBB (Triple B)" category of institutes offers a consistent quality of education in terms of faculty quality and infrastructure facilities even though these may not be comparable to those of the top 30 institutes. These institutes are successful in providing high quality placements to their top students, especially those with good communication skills, but do not have a 100% placement record. A student at one of these institutes would have to work extra-hard to secure a good rank and high marks so as to enhance his/her placement chances. The "BB (Double B)" and B category institutes are those that are well regarded at the local level. These institutes may not provide too many national-level placement opportunities but are generally successful in providing placements to many of their students with prominent local companies. WHAT YOU SHOULD DO The first question that needs to be addressed is "How many B-Schools should I apply to?" While this is not an easy question to answer, it is not a difficult one either. The number of B-Schools that you should apply to depends on a few factors. Let us look at these factors and discuss how you should deal with this question depending on where you stand with regard to each of these factors. The first factor is your budget. With the application (form) fee for each institute being in the range of Rs.500 to Rs.1600, you may not want to look at more than 10-12 institutes. If you think you can spare more money for applications, this number can go up. But, whatever be the number of institutes you want to apply to, it is always a good practice to select institutes across categories. The second factor is what you are doing currently. If we look at three different categories of students, this would become clear: (a) in the first category is a student who is pursuing final year of graduation; (b) in the second category is a student who has completed graduation in last academic session, is not pursuing any higher studies, and is not working, and (c) the third category is a student who has completed graduation and is currently working. In the first case, the student may be very keen on getting into a management institute but he/she can afford to try again next year if he/she does not get into an institute of one's choice. So, he/she may apply rather selectively. The second category student has to make sure that he/she gets into some institute (a reasonably good one), come what may. So, the number of institutes that he/she has to apply, will be more than in the case of the first category student. The third category student can really be very, very selective unless he has been working for more than 4-5 years (in which case, he may not want to lose further time in getting into a management institute). The third factor in deciding the number of institutes to which you should apply to is your expected performance in the entrance exams. Depending on what the expected performance is, you may want to hedge your bets by applying to more institutes –

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particularly, to institutes across categories that we discussed above. Now that you have decided on the number of institutes you will apply to, let us see how you will go about deciding the institutes to which you will apply. The cardinal principle is that to safeguard your interests and reduce your risk, you should apply to institutes in at least three different categories. The categories will themselves depend on your position in the Mock C ATs that you take. Apply to B-schools in three ‘C ategory’: Around 25% of budget : Better than expected percentile category B-schools Around 60% of budget : Expected percentile category B-schools Around 15% of budget (Safety Net) : Lower than expected percentile category B-schools It is also important to note that the performance in the actual exam is always expected to be better than the performance in Mock C ATs. This is because of the fact that generally the serious aspirants take Mock C ATs as compared to the large number of students taking the actual exam. Finally, talk to the faculty members who will guide you in selecting institutes. On the basis of your Mock C AT scores, the faculty member would suggest appropriate institutes for you to apply. In most cases, this personalised approach is the best way to resolve any doubts. Apart from all these, there is the 'Others' category, which has colleges which may be found to be lacking in one or more of a) Infrastructure b) Industry Interface c) Faculty d) Alumni Network e) C urriculum f) Placements. However we feel these colleges are better than the hordes of others which do not feature in our list altogether. You are hence advised to get thorough information about these colleges before taking any decision regarding them. You may visit these colleges, speak with their current students and alumni before deciding on taking admission into any of them. T.I.M.E.'s B-school Ranking Made keeping the interest and needs of students For complete guidance of students Is not biased/influenced Is done on the basis of actual facts & figures Is done taking the actual picture on-ground & discussing with current students/alumni Is not done looking at false claims & statistics made available by some B-schools as a marketing tool Multiple round of checking done at every level to ensure correctness & authenticity of data used for rankings

Methodology Inputs from the B-school's Admissions C ommittee, Placements C ommittee & Director of the B-school Inputs from current students/alumni of the B-school Inputs from T.I.M.E. students across the country Discussion among all T.I.M.E. centres C omprehensive review every year ----B-School Location Top 10 category Faculty of Management Studies (FMS), Delhi New Delhi Indian Institute of Management Ahmedabad (IIMA) Ahmedabad Indian Institute of Management Bangalore (IIMB) Bengaluru Indian Institute of Management C alcutta (IIMC ) Kolkata Indian Institute of Management Indore (IIMI ) Indore Indian Institute of Management Kozhikode (IIMK) Kozikhode Indian Institute of Management Lucknow (IIML) Luckhnow Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai Management Development Institute (MDI) Gurgaon Xavier Labour Relations Institute (XLRI) Jamshedpur AAA category Indian Institute of Foreign Trade (IIFT) New Delhi Indian Institute of Management, Raipur Raipur Indian Institute of Management, Ranchi Ranchi Indian Institute of Management, Rohtak Rohtak Indian Institute of Management, Shillong (IIM-S) Shillong (IIM-S) Shailesh J. Mehta School of Management (SJSOM), Indian Institute of Technology, Bombay (IITB) Mumbai Narsee Monjee Institute of Management Studies (NMIMS) Mumbai National Institute of Industrial Engineering (NITIE) Mumbai S.P. Jain Institute of Management & Research (SPJIMR) Mumbai Tata Institute of Social Sciences (TISS)(only for those interested in HR) Mumbai AA category Indian Institute of Foreign Trade (IIFT) Kolkata Department of Management Studies (DoMS), Indian Institute of Technology Madras (IITM) Madras Department of Management Studies, Indian Institute of Technology Delhi (IITD) New Delhi Institute of Management Technology (IMT) Ghaziabad Ghaziabad Institute of Rural Management Anand (IRMA) Anand International Management Institute (IMI), New Delhi New Delhi Mudra Institute of C ommunications Ahmedabad (MIC A) (only for those interested in Advertising/Marketing) Ahmedabad Symbiosis C entre for Management and Human Resource Development (SC MHRD) Pune Symbiosis Institute of Business Management (SIBM) Pune Pune Xavier Institute of Management Bhubaneswar (XIMB) Bhubaneswar A category Bharathidasan Institute of Management (BIM), School of Excellence of Bharthidasan University Trichy Department of C ommerce, Delhi School of Economics, University of Delhi New Delhi Department of Financial Studies (DFS), University of Delhi, South C ampus New Delhi FORE School of Management New Delhi Department of Industrial and Management Engineering (IME), Indian Institute of Technology Kanpur Kanpur Vinod Gupta School of Management (VGSOM), Indian Institute of Technology, Kharagpur Kharagpur Department of Management Studies (DOMS), Indian Institute of Technology Roorkee Roorkee K. J. Somaiya Institute of Management Studies and Research (SIMSR) Mumbai Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) Mumbai T. A. Pai Management Institute (TAPMI) Manipal BBB category Birla Institute of Management Technology (BIMTEC H) Noida Goa Institute of Management (GIM) Goa Indian Institute of Social Welfare and Business Management (IISWBM) Kolkata Institute for Financial Management and Research (IFMR) C hennai Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi Loyola Institute of Business Administration (LIBA) C hennai

National Institute of Technology Tiruchirappalli (NITT) Institute of Management, Nirma University NMIMS Bangalore Department of Business Management, Osmania University Symbiosis Institute of Business Management, Bangalore (SIBM-B) Shri Ram C ollege of C ommerce (SRC C ) Symbiosis Institute of International Business (SIIB) University Business School (UBS) Prin. L. N. Welingkar Institute of Management Development & Research (WE School) BB category Amrita School of Business BITS PILANI C hetana's R. K. Institute of Management and Research C hrist University Institute of Management (C UIM) Department of Management Sciences (PUMBA), University of Pune Faculty of Management Studies, Banaras Hindu University (FMS BHU) School of Management Studies, University of Hyderabad IBS, Hyderabad (Faculty of Management Studies) Indian Institute of Forest Management (IIFM) Institute of Management Technology (IMT) Nagpur Institute for Technology and Management (ITM) N. L. Dalmia Institute of Management Studies and Research SDM Institute For Management Development (SDMIMD) SIES C ollege of Management Studies (SIESC OMS) Symbiosis C entre for Information Technology (SC IT) Symbiosis Institute of Management Studies (SIMS) Symbiosis Institute of Operations Management (SIOM) Symbiosis Institute of Telecom Management (SITM) Prin. L. N. Welingkar Institute of Management Development & Research (WE School) Xavier Institute of Management & Entrepreneurship (XIME) B category Amity Business School (ABS) B. K. School of Business Management Balaji Institute of Modern Management (BIMM) Department of Management Studies (DOMS), Anna University C hennai FOSTIIMA, New Delhi Indira Institute of Management Institute of Management Development and Research (IMDR) Institute of Public Enterprise (IPE) Lala Lajpatrai Institute of Management M. S. Ramaiah Institute of Management M. S. Ramaiah Institute of Management MET's Institute of Management, Mumbai MIT School of Management (MIT-SOM) MNNIT Allahabad National Institute of Bank Management (NIBM) National Insurance Academy (NIA) NIT-C alicut Department of Managament Studies, Pondicherry University PSG Institute of Management Faculty of Management Studies, R.A. Podar Institute of Management School of C ommunication & Management Studies (SC MS) School of Management Studies (SMS), C ochin University of Science & Technology (C USAT) Thakur Institute of Management Studies & Research Vignana Jyothi Institute of Management Xavier Institute of Social Service (XISS) Other B-Schools category Asia-Pacific Institute of Management Alliance School of business Army Institute of Management Badruka Institute of Foreign Trade (BIFT) Bharati Vidya Bhavan's Usha and Lakshmi Mittal Institute of Management Bharati Vidyapeeth Deemed University Bhartiya Vidyapeeth University, Institute of Management and Research Birla Institute of Technology, Mesra, Ranchi Dhruva college of management Fortune Institute of International Business GITAM School of International Business (GSIB) Globsyn Business School IC FAI B-School IC FAI B-School, Gurgaon IC FAI B-School, Mumbai IES Management college and research centre IFIM Business School Indus Business Academy (IBA), Bangalore Indian Institute of Tourism & Travel Management Indian School of Mines (ISM) Kirloskar Institute of Advanced Management Studies (KIAMS) MANAGE (For those interested in Agri-Business/Rural Management only) Master School of Management, Meerut New Delhi Institute of Management (NDIM) NIILM C enter for Management Studies NIT Durgapur NIT Suratkal NIT Warangal Rajagiri C ollege of Social Sciences (RC SS) Sadhana C enter for Management and Leadership Develeopment (SC MLD) Siva Sivani Institute of Management (SSIM) SSN School of Management & C omputer Applications St Joseph's C ollege of Business Administration Symbiosis Institute of Media & C ommunication (SIMC ) Symbiosis school of banking management University of Petroleum & Energy Studies University School of Management Studies - Indraprastha University, Delhi VIT Business School -Vellore Vivekanand Education Society's Institute of Management Studies & Research

Trichy Ahmedabad Bangalore Hyderabad Bangalore New Delhi Pune C handigarh Mumbai C oimbatore Pilani Mumbai Bengaluru Pune Varanasi Hyderabad Hyderabad Bhopal Nagpur Mumbai Mumbai Mysore Mumbai Pune Pune Nashik Pune Bangalore Bengaluru New Delhi Ahmedabad Pune C hennai New Delhi Pune Pune Hyderabad Mumbai Bengaluru Bengaluru Mumbai Pune Allahabad Pune Pune Kozhikode Puducherry C oimbatore Jaipur C ochin C ochin Mumbai Hyderabad Ranchi Delhi Bangalore Kolkata Hyderabad Delhi Pune Delhi Ranchi Hyderabad New Delhi Visakhapatnam Kolkata Ahmedabad Gurgaon Mumbai Mumbai Bengaluru Bengaluru Gwalior Dhanbad Harihar Hyderabad Meerut New Delhi New Delhi Durgapur Suratkal Warangal C ochin Pune Secunderabad C hennai Bangalore Pune Pune Dehradun Delhi Vellore Mumbai

Xavier Institute of Management & Research

Mumbai

Disclaimer: The above list has be e n com pile d base d on various obje ctive and subje ctive data/ inform ation gathe re d by e x pe rts at T.I.M.E. The list is m e ant to se rve only as a guidance to stude nts who wish to apply to B-Schools. W hile the be st possible care has be e n tak e n by T.I.M.E. in com piling this list, T.I.M.E. is not re sponsible for the de cision(s) tak e n by any stude nt / pare nt on the basis of this list. Stude nts are advise d to che ck the cre de ntials of a B-School be fore tak ing a de cision to apply or to join. * B-schools with atle ast one passe d-out batch have be e n cate gorize d. He nce , the re ce ntly starte d IIMs (IIM R anchi, IIM R ohtak , IIM R aipur, IIM Trichy, IIM Udaipur, IIM Kashipur) have not be e n include d in the cate gorization of B-schools.

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