Top 10 Ranked Business Schools in India

With the Indian economy back on track and the global business environment looking positive, the competition for seats in top B-schools gets tough. Enlisted below are the top ten B-schools in India

According to Central Statistical Organisation, India’s gross domestic product grew at 8 per cent during the financial year 2009-10. This is brilliant piece of news for MBA aspirants as economy brews up to scale new heights and the demand soars for executives who can figure out and manage emerging business models.

The morbid days when top CEOs were laid off and many desperate executives ended their lives across the world had left a scar on the psyche of those aspiring to become managers. However, the new enthusiasm in the economic environment is fuelling young minds to enter the B-schools and foray into the corporate world.

In addition, B-schools are fast adopting themselves to the changing work environment in terms of curriculum and pedagogy. As the second-rung business schools struggle to make their students employable, the top management schools of India equip students with skills that help them take on (delete) any challenge with supreme confidence. This is evident from the fact that MNCs are hopping back to Indian schools to absorb the talented kids in their organisation.

Here is a list of the top 10 Indian B-schools as per the survey done by Business Today.

Read about the next top 20 b-schools here

1. IIM-Ahmedabad: This Indian Institute of Management Ahmedabad is considered the best amongst all the IIMs. It is ranked as the toughest management school to get through. It is a dream business school for students from all across the world aspiring to get an MBA degree. The institute was created in 1961 with the help of the Government of Gujarat and the Government of India. It is known for its rigorous two-year full time MBA program that focuses on creating leadership and managerial skills in the students.
2. IIM-Bangalore: Situated in the country’s high technology capital, the Indian Institute of Management Bangalore is a hub for innovative activities. With its collaboration with the corporate world and top academic institutes, IIM Bangalore strives to create highly qualified managers. The extent of industry exposure provided to the students here adds to their confidence level.
3. IIM-Calcutta: The first Indian Institute of Management to be set up in India in the year 1961 was IIM-C. It is an entirely autonomous institute that provides a number of Doctoral and Post Graduate programs. Along with the management programs, you can also study some of the Executive training programs too.
4. FMS Delhi: The Faculty of Management remains the only business school of the University of Delhi since its inception. It made its modest start in 1954 with three-year part-time post graduate management program. The past years have seen a momentous growth, and the institute has moulded itself as one of the leading management institutes in the country. FMS has various collaborative arrangements and exchange programs with leading business houses. It has a track record of 100% placement for its students in a company of their choice.
5. IIM-Lucknow: Founded in 1984 by the Indian Government, the Indian Institute of Management Lucknow is amongst the top five MBA colleges of India. IIM Lucknow aims to be a socially conscious, global and integrated management school – both at national and international level.
6. XLRI-Jamshedpur: Established in 1949, the XLR Institute is situated in Jamshedpur. It offers a full-time program in Business Management, Personnel Management and Industrial Relations, doctoral programs and many other executive education programs. To be a part of this prestigious college, aspirants have to clear its entrance test known as XAT.
7. ISB-Hyderabad: The concept of the Indian School of Business came into existence in 1995. Situated in the capital of Andhra Pradesh, it offers a variety of MBA programs. These include post graduate program, post- doctoral program and executive education programs. It is one of the top 15 business schools in India, owing to its high-class infrastructure, excellent faculty and intensive use of technology for imparting education.
8. IIM-Indore: Established in 1998, the IIM Indore is situated in Madhya Pradesh and is the sixth institute in the IIM family. The idea of this institute was conceived by Arjun Singh, who was then Human Resource Development minister. The admission to the institute takes place through the Common Admission Test (CAT).
9. LIBA-Chennai: The Loyola Institute of Business Administration was established in 1979 in Chennai and is among the top MBA colleges in India. The institute offers full time as well as part time programs. The part time programs have been approved by the All India Council for Technical Education (AICTE).
10. ICFAI-Hyderabad: The Indian Business School, Hyderabad was founded in 1995 as an addition to the IBS family. Since its inception it has come out as a highly recognized business school and is ranked among the best management institutes in India. It is known for its reputed faculty, outstanding infrastructure and exceptional intellectual resources.

   Read about the next top 20 b-schools here