Top B-schools in India for 2009


One of the popular post on this blog has been the The top 25 Business Schools in India, which I had published back in 2007. As the list has been outdated now, I thought it would be a good time to publish the Top B-School & Professional Colleges in India for 2009.

Unlike the previous list which was released by Outlook, this is a more comprehensive list released by Research organization C fore (Centre for Forecasting & Research). The list is based on 163 B-schools that participated in the survey.

Interesting aspect about this survey is that the data is based primarily on objective data. The survey is also transparent as participants have access to the data of their competitors after the findings are published.

The survey ranks two year full time programmes offered by B-schools in India based on following parameters:

  1. Intellectual capital
  2. Placement performance
  3. Infrastructure and facilities
  4. Industry interface.
  5. International Linkages

These parameters were further divided to obtain granular scores for rankings. You can check out the complete methodology and details here.

It is interesting to see that with the downturn looming large many of the Business Schools were not able to achieve 100% placements and the average salaries compared to previous years dropped by more than 30%.

The downturn took a toll on the Business Schools itself.

  • In 88% of the B-schools surveyed, not a single faculty member was sent to participate in an international conference.
  • In 68% of the schools, the faculty development expenditure did not exceed 10 lakh rupees.
  • In 91% of the schools surveyed, not a single paper has been published in any international journal by their permanent faculty in the last academic year.

(Source: WSJ)

Top Business Schools in India

Institute City Placed Average (Rs. Lakhs P.A)
IIM, Ahmedabad Ahmedabad 100.00 12.17
XLRI, Jamshedpur Jamshedpur 100.00 12.12
FMS, Delhi Delhi 100.00 11.47
Jamna Lal Bajaj Institute of Management Studies Mumbai 100.00 10.72
Shaliesh J Mehta School of Management Mumbai 100.00 10.28
NITIE Mumbai Mumbai 100.00 10.27
NMIMS University Mumbai 100.00 10.20
S P Jain IMR Mumbai 100.00 10.00
MDI, Gurgaon Gurgaon 100.00 9.55
IIM Kozhikode Kozhikode 100.00 9.47
IIM Indore Indore 100.00 9.15
Vinod Gupta School of Management Kharagpur 93.00 8.93
Institute of Management Technology Ghaziabad 92.00 7.78
IIFT Delhi Delhi 100.00 7.55
XIMB, Bhubaneswar Bhubaneswar 100.00 7.30
SYDENHAM Institute of Management Mumbai 100.00 7.05
Bharathidasan Institute of Management Tiruchirappalli 100.00 7.02
Alliance Business School Bangalore 100.00 6.93
LBSIM, Delhi Delhi 100.00 6.57
NILM, New Delhi New Delhi 100.00 6.50
TAPMI Manipal 78.50 6.49
IBS, Mumbai Mumbai 100.00 6.04
K J Somaiya Institute of Management Mumbai 86.00 5.71
Integrated Academy of Management & Technology Ghaziabad 90.00 5.50
BIMM, Pune Pune 100.00 5.50
IMI, Delhi Delhi 95.00 5.44
SIES College of Management Studies Navi Mumbai 90.00 5.25
MANAGE, Hyderabad Hyderabad 100.00 5.20
IMT, Nagpur Nagpur 62.67 5.03
IBS, Hyderabad Hyderabad 71.00 5.00
IFMR Chennai Chennai 100.00 5.00
SDM Institute for Management Mysore 90.00 5.00
Welingkar Institute of Management Mumbai 95.00 5.00
Institute of Management, Nirma University Ahmedabad 100.00 5.00
Amity Business School Noida 90.00 5.00
Indian Institute of Forest Management, Bhopal Bhopal 100.00 4.80
SCMS-Cochin Cochin 80.00 4.70
Christ University Bangalore 100.00 4.70
XIME, Bangalore Bangalore 76.00 4.68
Institute of Rural Management, Anand Anand 100.00 4.64
BIMTECH, Greater Noida Greater Noida 67.50 4.57
Amrita School of Business Coimbatore 82.00 4.50
JIMS, Rohini Delhi 100.00 4.50
Acharya Institute of Management & Sciences Bengaluru 95.00 4.50
ITM, Navi Mumbai Navi Mumbai 100.00 4.36
FOSTIIMA Business School New Delhi 96.00 4.15
IFIM Bangalore Bangalore 53.00 4.12
IPE, Hyderabad Hyderabad 75.00 4.12
RCM, Bhubaneshwar Bhubaneswar 100.00 4.10
IBS Bangalore Bangalore 76.00 4.02
IMS Ghaziabad Ghaziabad 100.00 4.00
Institute of Engineering & Management , Calcutta Calcutta 100.00 4.00
Bharati Vidyapeeth University New Delhi 92.00 4.00
Jaipuria Institute of Management Lucknow 100.00 3.80
Army Institute of Management Kolkata 63.00 3.71
International School of Informatics Management Jaipur 100.00 3.69
JIMS Delhi Kalkaji Delhi 65.00 3.60
IHMR, Jaipur Jaipur 98.00 3.60
Suryadatta Group of Institutes Pune 88.00 3.50
Badruka Hyderabad 62.00 3.50
BITM, Pune Pune 82.00 3.40
PSG Institute of Management Coimbatore 80.00 3.40
Galgotias Business School Greater Noida 100.00 3.25
Lal Bahadur Shastri of Management & Technology Bareilly 100.00 3.25
Lovely Professional University Phagwara 70.00 3.20
Apeejay School of Management Delhi 57.00 3.18
Balaji Institute of Management & HRD Pune 95.00 3.10
BIIB, Pune Pune 70.00 3.08
St. Joseph’s Bangalore 80.00 3.00
Tecnia Institute of Advanced Studies Delhi 55.00 3.00
DMS, ISM University, Dhanbad Dhanbad 45.00 3.00
Jaipuria Institute of Management Jaipur 100.00 2.93
Prestige Institute of Management & Research Indore 100.00 2.92
Institute of Rural Management Jaipur 80.00 2.90
Vaikunth Mehta National Institute of Co-operative Management Pune 100.00 2.88
PCTE, Ludhiana Ludhiana 100.00 2.85
Rajagiri School of Management Kochi 56.00 2.80
Institute of Management Education Sahibabad 80.00 2.63
School of Management, KIIT University Bhubaneswar 73.00 2.61
AICAR Business School Raigad (MS) 74.00 2.57
Invertis Institute of Management Studies Bareilly 90.00 2.57
Gitam Institute of International Business (GITAM University) Visakhapatnam 82.00 2.55
Institute for Technology & Management Bangalore 78.00 2.50
Indian Academy School of Management Studies Bangalore 85.00 2.50
Jaipuria Institute of Management Noida 96.00 2.33
Mount Carmel Institute of Management Bangalore 46.00 2.30
Pioneer Institute of Professional Studies Indore 75.00 2.25
Guru Nanak Institute of Management Delhi 85.00 2.20
GITAM Institute of Management Visakhapatnam 60.00 2.00
Sambhram Academy of Management Studies Bangalore 50.00 2.00
IMS, Dehradun Dehradun 67.00 1.80
Prestige Institute of Management Gwalior Gwalior 100.00 1.80
Skyline Business School Gurgaon 67.00 1.77
Prestige Institute of Management Dewas 51.00 1.45


You can find complete details of Placements here.

Reference: C Fore, WSJ

  1. […] Top B-schools in India for 2009 […]

  2. manpreet gill says

    You will get all top class bussiness schools here

    Best school in Phagwara

  3. akhil says

    I got admission in IPE-hydbd on PGDM-IB .Is tat a good college and wat are the chances of PGDM-IB? pls help me…..

  4. Sumeet says

    GITAM School of International Business Average is 4.5 Lakh p.a.
    Please correct it.

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  6. Azhar Umar says

    Survey is not proper!

  7. sricharan says

    Auroras Business School, popularly known as ABS Hyderabad, is a top-notch Business school in Hyderabad, Andhra Pradesh. ABS has a record of nurturing globally responsible citizens who venture into the world with confidence and a world class degree.

  8. Abhishek Tiwari says

    Where is IIPM in this list ?

  9. Mohit says

    FOSTIIMA Business School
    How come this college ??

  10. Jerrick says

    India is a knowledgeable country which full of Top student and everywhere also is from University student.

  11. sowmya says

    Alliance University was established under the aegis of Alliance Business School,
    by an Act of the Legislature of Karnataka State, India, and is approved and recognized by the University Grants Commission (UGC).
    The School of Business of Alliance University has been ranked consistently among the top B-schools and the first Indian B-school to be accredited by the International Assembly for Collegiate Business Education (IACBE), USA, — a premier international accreditation body for business management programs.

    Alliance University has magnificent infrastructure, comparable to the best in the world, equipped with a state-of-the-art learning center, an excellent library, and campus-wide Wi-Fi connectivity. In addition, the campus provides an excellent quality of life for all its residents, which includes halls of residence, activity center, and a food court built to the highest standards of hygiene.

    The School of Business extends an immersive learning experience through its international student exchange programs, which facilitate acculturation among its students. The School of Business has an active and wide ranging international student exchange programs with a number of accredited universities and business schools across the world. While some are specific agreements in terms of allowing students to complete an internship or a semester and transfer the credits earned, others are generic – allowing for student and faculty exchanges, collaborative research and exchange of curriculum.

    The School of Business of Alliance University offers:

    a. Master of Business Administration (MBA) program is crafted with utmost care and with a blended input from both academics and practitioners; the curriculum of the program is rigorous, contemporary, and forward-looking. The program is designed to equip its graduates with the skills, abilities, and knowledge that will enable them to take up positions of higher responsibility in the corporate world anywhere, or to become entrepreneurs.

    b. Executive Post Graduate Diploma in Management (Executive PGDM) is for working professionals who may not be able to pursue a full-time program in management. Designed on a flexible platform of mixed mode delivery that combines the benefits of classroom interaction with the reach of technology, the part-time program affords an opportunity for working professionals to upgrade their skills and climb up the corporate ladder.

    The School of Business enjoys a high level of recruiter satisfaction from a variety of recruiting partners across many sectors. Top brands and companies consistently recruit from the institute and even visit the School of Business multiple times annually in search of exceptional talent among its graduates.

    Affiliation: Alliance University
    Contact No.: 080 – 26681444, 26684372
    Email: [email protected], [email protected]
    City Campus: 2nd Cross, 36th, Main Dollars Colony BTM 1st Stage, Bangalore – 560 068
    Central Campus: Chikkahagade Cross, Chandapura – Anekal Main Road, Anekal, Bangalore – 562 106

  12. Rugved says

    Well, what about Symbiosis Group of Institutes, Pune? A couple of them – SIBM, SCMHRD are definitely better than a host of colleges mentioned in the list here! Pune University – PUMBA, a low profile but fundamentally good institution also doesn’t find a mention in the rankings

  13. Harneet Kaur says

    Ya some of the colleges provide good placements……

  14. Business Management says

    Thank you this is great info. Infact a great attempt to show the top Business Schools. Really appreciated..

  15. mba in delhi says

    Thanks for the information and the article which you have shared regarding the top b school i really like that effort and with details of the college.

  16. Arpan Kumar Kar says

    First of all, I am happy that my alma mater is in rank 2…
    But this study should have taken IIM-B and IIM-C into consideration too…
    Although am an XLRI grad, personally I would rate them slightly better.

    Also after that should come IIM-L, FMS, MDI, IIM-I, IIM-K, SP Jain, Nitie, Jamnalal Bajaj…n so order…

    problem of these rankings is that the surveys methodologies and samples addressed are questionable…

  17. sanjeev says

    I suspect on the validity of this survey.

    Its really surprising..

    Some colleges that show 100% placement and actually dont have 100% placement.

    Its really funny.

  18. pankaj says

    FMS BHU is missing

  19. himanshu bajpai says

    what about IIPM,DELHI?
    this college has been consistently providing the advertisement in TOI,depecting
    himself among the top 10 b-school in India….i’m facing the dilemma whether to opt for this college or not ? i’m also not sure about its placement record ? is it all fake ?
    Please do help….

    1. Sridhar says

      @ Himanshu
      Im an Alumni of IIPM and I can tell you that it’s definitely not bad but yes it is expensive. Regarding the placements there were many of the top companies that came on campus for hiring and u can get a job in a good co with a decent package from IIPM if you make the best use of the facilities available there. My experience there has been good and it was worth studying there. If u want more details you can mail me.

      1. chetan says

        hi shree, ths is chetan frm nagpur ,as every body i m also in d dilemma wht shld i do for iipm i got selection letter 2day but still confused abt package in iipm delhi and pune,as a being avg.student i dont xpact more but still as it is matter of money v must have to b littile bit conscious. can u plz let me knw abt d packages which they are offering to student fresher as well as experienced one .

        thnk you
        chetan chawhan

      2. priyanka shrivastava says

        myself priyanka shrivastava i had started my mba in august only 4m iipm.can u tell me
        what u doing rite now. how much package u r having & in which company u r

      3. deepak says

        watz ur mail id bro…
        need to talk about IIPM admissions….

        1. CHAITANYA PRAKASH says

          [email protected]..

          excuse me,, i am a b,tech graduate wanted to do mba,, literrally i need job.. so doing mba i got call from iipm banglre , shall i join ,, is it worthy and is it genuine in placement track please guide me,, here is mail id ples do favour,,
          with regards

  20. Sumedh says

    Many of the b-schools don’t participate in such surveys…may be IIM B and C didn’t participate…

  21. Devendra says

    One more things, When you check out the placement document attached you will find that acc to survey FMS delhi charges Rs 1.2 lakhs actually it charges just Rs 10k for 1 year or 20k for 2 years excluding hostel charges :)

  22. Himanshu Sheth says

    I don’t see ISB Hyderabad why is it not listed here ?

    -Himanshu Sheth

    1. Arun Prabhudesai says

      Himanshu, I have attached the methodology document as well as the ranking placement xls. Check it out. Also, Are ISB Hyderabad 2 year courses? I am not sure. The rankings are for those only..

  23. Karan says


    This list needs some big time editing.For the fact IIM Bangalore did not even make it to the list is astonishing.Constantly ranked No.2 IIM B should definitely be well placed in Top 10 atleast.The survey should talk about B-Schools and not the No. of years the course is for hence ISB has to make it to the top of the list.Some not so great institutes have made it to the list.Also Capitation should be also taken into account and marks should be deducted based on it.What is a survey without penetrating the roots and getting proper information about the institutes.

  24. raosar says

    {In 91% of the schools surveyed, not a single paper has been published in any international journal by their permanent faculty in the last academic year.}

    I guess this has nothing to do with the downturn. Moreover this shows the quality of education in our B-Schools. Not only B-Schools if you do a research you will find that not many papers are being published by IIT faculty either. Higher education is in shambles in India.

  25. online comedy show says

    Hey where is IIM Calcutta?
    And IIM Delhi has slipped down

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  26. Pooja Gupta says

    How come none of the Symbiosis MBA colleges made it to this list.

  27. VJ says

    ISB hyderabad missing…:(

    1. Sriram Vadlamani says

      This survey ranks 2 year programmes. ISB Hyderabad offers 1 year program. I also heard that they do not provide their placement and other numbers to these kind of surveys.

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