Top 10 Business Schools in India as per NIRF Ranking: Guide to the Excellence of Management School Education

India has witnessed a significant rise in demand for management education; most business schools, in fact have attained national and international distinction.

The Ministry of Education brings out the National Institutional Ranking Framework (NIRF) every year that features the top-ranked educational institutions in the country for teaching, learning, research, graduation outcomes, and perception.

Top 10 Business Schools in India by NIRF Ranking

  1. Indian Institute of Management (IIM), Ahmedabad

The largest business school in India is without a doubt the greatest business school of the country, IIM Ahmedabad, which topped the NIRF Rankings every year.

-Tuition Fee: 23 lakhs

-Average Placement Package: 33 lakhs per annum

-Specializations: Finance, Marketing, Operations, Strategy, and more.

-NIRF Ranking: 1

  1. Indian Institute of Management (IIM), Bangalore

IIM Bangalore claims a diverse batch, quality output in the field of research, and cordial relations with industry.

It spends highly on entrepreneurship and leadership development and is a hot pick for companies.

-Tuition Fee : ₹23 lakhs

-Average Placement Package : ₹30 lakhs per annum

-Specializations: General Management, Consulting, Strategy, and Finance.

-NIRF Ranking: 2

  1. Indian Institute of Management (IIM), Calcutta

IIM Calcutta is one of the oldest IIMs and holds a stellar reputation in finance and analytics.

The institute’s robust academic structure and global exposure make it one of the most sought-after institutes.

-Fees: ₹22 lakhs  .

-Average Placement Package: ₹29 lakhs per annum  .

-Specializations: Finance, Marketing, Systems, Operations, and Human Resources.

-NIRF Ranking: 3

  1. Indian Institute of Technology (IIT), Delhi

The management program is on technology and innovation in business.

-Tuition Fee: 10.4 lakhs 

-Average Placement Package: 21 lakhs per year 

-Specializations:  Technology Management, Operations, Strategy

-NIRF Ranking: 6

  1. Indian Institute of Management (IIM) at Kozhikode

IIM Kozhikode has acquired the pride of quality education and innovative management practices.

It produces socially responsible leaders and entrepreneurs.

-Tuition: 22.5 lakhs  .

-Average Placement Package: 24.5 lakhs per annum  .

-Specializations: Marketing, Finance, Operations, Strategy, and Entrepreneurship.

-NIRF Ranking: 5

  1. Indian Institute of Management (IIM), Lucknow

IIM Lucknow is an elite B-school, emphasizing academic excellence, leadership, and innovation.

This creates a huge alumni base, and it has always been the producer of some significant influential business leaders.

-Fees: 20.75 lakhs

-Average Placement Package: 26 lakhs per annum

-Specializations: Finance, Marketing, Human Resources, and Strategy

-NIRF Ranking: 8

  1. XLRI – Xavier School of Management, Jamshedpur

XLRI is the top private business school in India, with probably the best Human Resource Development program in the country, with over seven decades of legacy.

-Tuition fee: 23.6 lakhs

- Average Placement Package: 25.8 Lakhs per annum

-Specializations: HR, Marketing, Finance, and Operations.

-NIRF Ranking: 15

  1. Indian Institute of Management (IIM), Indore

With global collaborations and unique pedagogy, IIM Indore has taken onto the expertise in executive education.

 Here, it also provides a five-year Integrated Program in Management (IPM), aside from its flagship MBA.

-Tuition Fees: 22 lakhs

-Average Placement Package: 25 lakhs per annum

-Specializations: Finance, Marketing, Analytics, and Strategy.

-NIRF Ranking: 6

  1. Faculty of Management Studies (FMS), Delhi

FMS Delhi is known for offering the best MBA with a much lower investment than those offered by other top business schools in India.

FMS Delhi’s Return on Investment is unparalleled, and the quality education at such a low fee only makes it an institution preferred by most students.

-Fees: 2 lakhs 

-Average Package: 32.4 lakhs per annum 

-Specializations: Marketing, Finance, Strategy, Operations.

-NIRF Ranking: 100+ 

  1. SP Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR is one of the oldest private B-schools in India with a unique pedagogy, social sensitivity, leadership, and global exposure.

-Fees: ₹ 19 lakhs

-Average Placement Package: ₹ 30.1 lakhs per annum

-Specializations: Finance, Marketing, Operations and Consulting.

-NIRF Ranking: 150+

 Best Specializations of Online MBA

The online MBA has increasingly become an opportunity for working professionals

  1. Finance: MBA in Finance will learn about corporate finance, investment analysis, and financial risk management.
  2. Marketing: This specialisation provides learning to the professionals in strategies for branding, digital marketing, and consumer behavior.
  3. Human Resource Management/HR: It majors on talent management, recruitment strategy, and organizational behavior.
  4. Operations Management: this includes topics like supply chain management, logistics, and process optimization.
  5. Business Analytics: one of the most in-demand specialisations, which teaches a candidate how to do data analysis, predictive modeling, and decision making.
  6. Entrepreneurship: Serves professionals who would like to start up own ventures, emphasizes innovation and business planning.

 Top Online MBA Colleges in India

As more students look for flexibility in study, most of India’s top universities now offer online MBA college in India.

Here’s a list of some of the best options available for working people:

  1. Amity University Online MBA

Amity offers one of the most famous online MBA programs that include an extensive range of specializations.

The course format is especially maintained in tune with working professionals.

-Tuition Fee: 2-3 lakhs 

-Specialization : Finance, Marketing, HR, and International Business.

  1. NMIMS Global Access School for Continuing Education

NMIMS offers a UGC-recognized highly valued online MBA program. It also includes flexible learning options along with weekend classes.

-Tuition Fee: 1.5-2 lakhs

-Specializations: Finance, Marketing, HR, Operations, and Analytics.

  1. Symbiosis Centre for Distance Learning

Symbiosis offers well-structured distance learning programs; its online MBA is one of the most reputed in India.

-Fees: 1.25 lakhs

-Specializations:  Marketing, HR, Finance, and Operations. 

  1. IGNOU MBA

IGNOU, among other cost-effective online MBA programs offered in India, is chosen by working professionals and government employees due to its flexibility.

-Fees: 37,000

-Sectors: Finance, Marketing, Operations, and HR.

Best Business Schools for Online MBA in India

There are several business schools offering online MBA in India, which allows students to study from the comfort of their home. Some of the famous institutes include:

  1. IIM Bangalore - Offers the executive education course in association with edX.
  2. IIM Indore - Offers an online executive MBA that is designed for the working professional.
  3. Great Lakes Institute of Management  - Offers a complete online MBA that comes with two major specialisations – Data Analytics and Business Management.

Conclusion

NIRF ranking brings some of the top 10 business schools to frontline that have always raised the bar in management education.

 An online MBA in India presents itself as an easily accessible, convenient professional development for working professionals to advance career prospects.

it would be helpful if one were to understand the fees of an online MBA in India and specialization available, in addition to the flexibility level in these courses.