The Indian Institute of Management Bangalore, IIM Bangalore ranked 21st in the Financial Times (FT) Masters in Management, MiM 2026 ranking. Moving up from 28th in 2025 and 41st in 2024. Several other top Indian management institutes also claimed strong positions among the top 100 business schools across the world. IIM Kozhikode ranked 54th, IIM Indore secured the 62nd position, and Management Development Institute (MDI) Gurgaon stood at 67th. IIM Lucknow was ranked 72nd, followed by NMIMS Mumbai at 73rd, IIM Udaipur at 83rd, IMI Delhi at 90th and TA Pai Management Institute at 98th.
Indian Business Schools Perform Strongly
S.P. Jain Institute of Management and Research, SPJIMR ranked 26th globally, followed closely by IIM Ahmedabad at 27th place. XLRI secured the 33rd position, while IIM Calcutta came in at 39th. Check out the following table for the major highlights of the 2026 global rankings for top Indian business schools:
|
Institute |
|---|
2026 Global Rank
IIM Bangalore
21st
SPJIMR
26th
IIM Ahmedabad
27th
XLRI
33rd
IIM Calcutta
39th
IIM Kozhikode
54th
IIM Indore
62nd
MDI Gurgaon
67th
IIM Lucknow
72nd
NMIMS Mumbai
73rd
IIM Udaipur
83rd
IMI Delhi
90th
TA Pai Management Institute
98th
Compared to the 2025 rankings, most Indian institutes showed their progress. Last year, IIM Ahmedabad was placed at 34th, SPJIMR at 35th, and IIM Calcutta at 41st. XLRI stood at 58th, IIM Lucknow at 57th, IIM Kozhikode at 69th, MDI Gurgaon at 72nd, IIM Indore at 81st, IIM Udaipur at 98th, and IMI Delhi at 99th. This rise across rankings highlights the growing global reputation of Indian management education.
Global Leaders and Ranking Factors
At the international level, the University of St Gallen in Switzerland retained the number one rank in the FT MiM 2026 list. Nova School of Business and Economics in Portugal took second place, while Shanghai Jiao Tong University's Antai College of Economics and Management in China stood at third position. The Financial Times evaluates business schools on several important metrics, including post-graduation career opportunities, salary growth, value for money, student diversity, international exposure, and sustainability initiatives.

