MBA Ranking of 2023

QS (Quacquarelli Symonds) is one of the top Institutional rankings measuring the popularity and performance of universities across the globe.  In its release of World University Rankings for Executive MBA 2023 for the top 194 Business Schools, the Indian Institute of Management, Bangalore has been ranked among the top 50, ISB and IIM Kozhikode have been ranked at 100+ places respectively.

QS World University Rankings cover about 51 subjects to rank the World's Top Universities in the subject areas.  Such rankings enable prospective students to identify and take the right decision for their future studies.  QS World University rankings are awarded based on the following components/attributes for top Universities by subject.  They are:

  • Academic Reputation
  • Employer Reputation
  • International student ratio and International Faculty ratio
  • Research Citations per paper
  • Student/Faculty ratio

Academic Reputation:  This Component/attribute accounts for about 40% of the overall score that considers the teaching and research quality on the survey collators for over 13000 expert opinions.

Employer Reputation:  This is intended to assess the preparedness of the Institute/School to provide competent, innovative, and effective students for their successful careers post-study.

International Student ratio and International Faculty Ratio:  This component is intended to survey on the strengths of the University in providing a multinational environment and global awareness to the students in shaping them to demonstrate a high ability in their international skills developed through experienced International Faculty to shoulder the current challenges in the international job markets.

Research Citations per faculty: This component is intended to measure the research quality of the University with a citation per faculty metric taking the total number of academic citations in Papers submitted by a university in a 5-year period.

Faculty/Student Ratio: This component is intended to carry out a study on the ratio of students/faculty ratio.  A high Faculty/Student ratio reduces the burden of the teaching by the faculty to ensure an enriching experience in learning by the student focussing on the individual’s attention by faculty.

The following table depicts the overall ranking of Indian ‘B’ Schools as per rankings released by QS World Rankings:

University

Rank

Score

Indian Institute of Management (IIM), Bangalore

46

61.6

Indian School of Business

111-120

49.2

Indian Institute of Management (IIM), Kozhikode

170+

28.0

NIRF Rankings of top MBA (‘B’ Schools) in India

NIRF (National Institutional Ranking Framework), a popular Agency approved by the MHRD (Ministry of Human Resource Development) to rank institutions of higher education in India based on 5 (five) Parameters – Teaching, Learning and resources, research and professional practices, graduation outcomes, outreach and inclusivity, and perception.

Over the years, the NIRF ranking has become well-known and extensively accepted, with the growth in participation of Institutes/Colleges in the Survey.  NIRF in their survey covers the following categories for determining the top Universities in India.

  1. Overall Ranking
  2. University Ranking
  3. Engineering Ranking
  4. College Ranking
  5. Management Ranking
  6. Pharmacy Ranking
  7. Law Ranking
  8. Architecture Ranking
  9. Medical Ranking
  10. Dental Ranking
  11. Research Ranking

Based on the above backdrop and parameters, NIRF on 15th July 2022 released Management Rankings 2022.  The key features of the rankings portray no changes with respect to IIMs of Ahmedabad, Bengaluru, and Kolkata, as they retained their place as number 1,2 & 3 respectively.  Another key feature of NIRF Rankings is that they released the top 125 Business Schools across India, against 100 last year.

The top 20 NIRF 2023 Rankings of Management Schools (‘B’ Schools) in India have been provided in the following table, with the rankings of previous years of 2021 and 2020 for comparison.

Name of the ‘B’ School/Institute in India

NIRF 2023 Rank

NIRF 2022 Rank

NIRF 2021 Rank

Indian Institute of Management, Ahmedabad

01

01

01

Indian Institute of Management, Bengaluru

02

02

02

Indian Institute of Management, Kolkata

03

03

03

Indian Institute of Technology, Delhi

04

05

08

Indian Institute of Management, Kozhikode

05

04

06

Indian Institute of Management, Lucknow

06

07

04

Indian Institute of Management, Indore

07

06

07

Xavier Labour Relations Institute (XLRI)

08

08

08

National Institute of Industrial Engineering, Mumbai

09

12

12

Indian Institute of Technology, Chennai

10

13

14

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