Top Non-IIM B Schools in India
Explore the top-rated non-IIM business schools in India for 2023. Find the perfect MBA program for your career aspirations and excel in the business world
Explore the top-rated non-IIM business schools in India for 2023. Find the perfect MBA program for your career aspirations and excel in the business world
The Coveted Ring of Trinity: ABC's MBA Call" stands as the aspiration for every Indian MBA seeker. Although the realm of management studies is governed by IIMs, it's essential to note that exceptional education isn't confined solely to these institutes. In this blog we will explore the Top Non-IIM B Schools which are equal to IIM in India.
Did you know that, India boasts several premier colleges recognized for their comparable quality of education to that of IIMs?
The parameters considered when cataloging these institutions encompass:
Admission Cut-offs
Placements
Fee Structure
Faculty Expertise
Influential Alumni Network
Academic Excellence
Following are the compilation of India's top-tier colleges, beyond the realm of IIMs
Accepted Exams: CAT, XAT, GMAT
Offered Courses: PGDM
Fee: ₹17.5 Lakhs
Average Placement: ₹26.36 LPA
Seats Available: 240
Established in 1981, SP Jain Institute of Management & Research (SPJIMR) stands as an independent beacon of education. It claims a prominent position among India's elite B-schools. Spanning 40 acres in the heart of Andheri West, Mumbai, this institution offers a distinguished environment. Aspirants, selected through exams, are categorized based on profiles and profile-cum-ranking, creating two distinct pathways. The curriculum encompasses specialized tracks such as SCM, Operations, Communications, Database Technology, and Finance, fostering a vibrant student community where groups are molded around personality and ranking.
SPJIMR's excellence is mirrored by its impressive array of recruiters, featuring names like Pidilite, BCG, Nivea, Paytm, P&G, American Express, Amazon,Tata Administrative Services, Airtel, Hindustan Unilever, Johnson & Johnson, Deloitte, PwC, Mahindra, McKinsey & Company, Bain & Co., Google, Nestle, Microsoft, Goldman Sachs, EY, Uber, Britannia, Bajaj Auto, Castrol, OYO Rooms, Philips, Aditya Birla Retail Limited, Amway, Sterlite Power, Unacademy, Bajaj Finserv, Duff & Phelps, Reliance Industries Limited, Citibank, and IIFL.
Accepted Exams: XAT, GMAT
Offered Courses: PGDM
Fee: ₹16.8 Lakhs
Average Placement: ₹24.3 LPA
Seats Available: 180
Originally known as Xavier Labour Relations Institute, XLRI was founded in 1949. The institute carries the seal of approval from AICTE and holds accreditations from notable bodies such as NBA, AMBA, and AACSB. Boasting specializations in business administration, human resource management, and general management, XLRI provides students with robust placement support and a global platform. The annual placement season attracts esteemed companies, reaffirming XLRI's reputation in the HRM realm.
Renowned recruiters encompass JP Morgan Chase, TATA Hitachi, TCS, VLCC, ITC, Muthoot Fincorp, Infosys DCG, Dell, ICICI Bank, Trident, Goldman Sachs, Cognizant, Amazon, Axis Bank, L&T ECC, KPMG, Hexaware, HCL, Tech Mahindra, OYO, and Byjus, among others.
Accepted Exams: SNAP
Offered Courses: MBA
Fee: ₹20.5 Lakhs
Average Placement: ₹17.48 LPA
Seats Available: 180
Established in 1978, Symbiosis Pune stands tall among India's premier B-schools. As a privately-owned institution, it extends offerings in MBA and Executive MBA programs. Shortlisted candidates, identified through the SNAP exam, undergo a rigorous selection process involving Group Discussions (GD) and Personal Interviews (PI) for final admissions.
Symbiosis Pune takes pride in its diverse range of specializations, including Marketing, Finance, HR, Operations, Operations Management, and Innovation and Entrepreneurship. Among the notable recruiters that frequent its campus are Accenture, Bajaj Finserv, Google, Shell, Barclays, IDFC Bank, Mahindra Comviva, Mindtree, Reckitt Benckiser, Trafigura Global, Societe Generale, Vodafone, and Walmart.
Accepted Exams: MAH-CET, CAT, CMAT, MAT, ATMA
Offered Courses: MMS
Fee: ₹6 Lakhs
Average Placement: ₹20.13 LPA
Seats Available: 120
Founded in 1995, this institution has nurtured exceptional talents such as Chanda Kochhar, Mani Ratnam, Vinita Bali, Siddharth Roy Kapoor, and numerous others. JBIMS offers focused specializations including Finance, Communications, Operations, Systems, and HR. Among the prominent names that seek JBIMS graduates are J.P. Morgan Chase & Co., Goldman Sachs, McKinsey & Company, Hindustan Unilever, The Boston Consulting Group, ICICI Bank, Godrej Consumer Products, Mahindra Group, TATA Group, and Reliance Industries Limited, among a host of others.
Accepted Exams: IIFT
Offered Courses: MBA
Fee: ₹7.6 Lakhs
Average Placement: ₹18.41 LPA
Seats Available: 420
Established in 1963, IIFT stands as a premier MBA institution in India. Functioning as an autonomous B-school, it was instituted by the Indian Government with the aim of professionalizing the nation's approach to Foreign Trade. In 2002, IIFT earned the status of a deemed university. The institute's flagship program revolves around a specialized focus on International Business, known as MBA-IB.
The selection process at IIFT involves a comprehensive paper-based analysis followed by Group Discussions (GD), Written Ability Test (WAT), and Personal Interviews (PI). Leading companies such as Paytm, Unified Wellness, Polycab, Roland Berger, Aegis Capital, Bata, Axtria, DE Shaw Group, Epik InDiFi, Enhance Group, Export Trading Company, Fermenta Biotech, Field Fresh Foods, Go-MMT, HomeCredit, Lenskart, Rivigo, and Samunnati Finance grace the campus as prominent recruiters.
Accepted Exams: TISS
Offered Courses: MA
Fee: ₹1.05 Lakhs
Average Placement: ₹20.06 LPA
Seats Available: 60
TISS is a university founded by J.R.D. Tata in 1936 concentrated primarily on social sciences. They offer advanced degrees in a variety of fields, including business, labor relations, disaster studies, and gender studies. In addition, they offer HRM and labor relations courses. Swiggy, Amazon, Udaan, Taj Group, Wipro, Dell, Walmart, Deloitte, Lodha Group, Arti Industries, and many more are common employers of TISS graduates.
Accepted Exams: NMAT
Offered Courses: MBA
Fee: ₹18 Lakhs
Average Placement: ₹14.37 LPA
Seats Available: 540
NMIMS is a university located in Vile Parle, Mumbai. It was established in 1981 by Shri Vile Parle Kelavani Mandal and Narsee Monjee Educational Trust. Back then, it was affiliated with Mumbai University. They offer specializations in marketing, finance, logistics, HR, and business analytics. It's recognized by NAAC. Big companies like HDFC Bank, DHL Express, SBI Life Insurance, Aviva India, and more hire from here.
Accepted Exams: XAT, CAT, GMAT
Offered Courses: MBA (Master of Business Administration)
Fee: ₹17.3 Lakhs
Average Placement: ₹14.5 Lakhs Per Annum (LPA)
Seats Available: 480 seats
Founded in 1987, XIMB is distinguished for its proactive involvement in research and development, often collaborating with government departments. The institute is home to the Centre of Excellence in Fiscal Policy and Taxation (CEFT), established by the state government. Focusing on Business Management, XIMB's campus spans 20 acres.
Renowned recruiters, including HCL Technologies, Wipro, IBM, Mindtree, Infosys, Deloitte, UHG, ICICI Bank, PWC, Royal Bank of Scotland, GAIL, Accenture, HSBC, among others, maintain robust connections with XIMB for sourcing top talent.
Accepted Exams: MICAT, CAT, XAT, GMAT
Offered Courses: PGDM/PGDM-C
Fee: ₹20 Lakhs
Average Placement: ₹12.80 LPA
Seats Available: 216
Mudra Institute of Communication, established in 1991, is an independent B-school. It specializes in education related to marketing and communications. MICA offers comprehensive two-year PG diploma courses that cross disciplinary boundaries. The programs include a postgraduate diploma in management and communications, as well as a one-year certificate course in creative communication. Renowned companies like Safari, Amazon, Amul, Deloitte, Amway, Citibank, and many others frequently recruit from MICA.
Accepted Exams: CAT
Offered Courses: MBA (Master of Business Administration)
Fee: Rs ₹8.75 Lakhs
Average Placement: ₹19.06 LPA
Seats Available: 120
SJMSOM, part of IITB, is a national and global business management school. It provides Master of Management (MOM), Ph.D., and recently launched Executive MBA programs in collaboration with Washington University, USA. With a well-structured curriculum, SJMSOM equips students to tackle modern professional challenges. The school offers Marketing, Finance, Consulting, Supply Chain, Operations, and IT specializations. Notable recruiters include PwC, Accenture, Google, Deloitte, Amazon, Axis Bank, JP Morgan Chase, and Tata Global Beverages.
Accepted Exams: CAT
Offered Courses: MBA (Master of Business Administration)
Fee: ₹1.92 Lakhs
Average Placement: ₹25.6 LPA
Seats Available: 287
Regarded as a premier B-School for its exceptional Return on Investment (ROI), FMS holds the distinction of being one of India's oldest institutions, established in 1954 under government ownership. Aspiring candidates aiming for FMS need to initiate the application process by registering and completing the application form, accompanied by a ₹1000 fee. The selection process entails shortlisting via CAT scores, followed by Extempore and GD-PI rounds for final admission decisions.
The institution boasts a prestigious list of recruiters, including esteemed names like Flipkart, Microsoft, Airtel, Capgemini ELITE, Amazon, Shell, American Express, IDBI Bank, JP Morgan Chase, Edelweiss Capital, Axis Bank, India Bulls, SBI Capital Services, Cadbury India Limited, Kellogs, ITC, Maruti Udyog Limited, Nestle, TATA Motors, P&G, Whirlpool, Gillette, GSK, IBM Consulting, Wipro, TCS, and more.
Accepted Exams: CAT
Offered Courses: PGDM
Fee: ₹6.26 Lakhs
Average Placement: ₹15.83 LPA
Seats Available: 540 seats
NITIE, situated in the heart of Mumbai and founded in 1963, stands as one of India's premier B-schools. It offers specialized programs such as PGDIE, PGDIM, PGDISEM, and PGDMM. NITIE draws renowned recruiters like Maruti Suzuki, Rivigo, Yes Bank, Siemens, and ICICI Bank, among others.
Accepted Exams: GMAT
Offered Courses: PGDM
Fee: ₹32.82 Lakhs
Average Placement: ₹21 LPA
Seats Available: 886 seats
Established in 2001, ISB is a renowned private business college. It holds AACSB accreditation and spans a vast 260-acre campus in Hyderabad. The institution boasts a lineup of top recruiters, including ABP News Network Pvt Ltd, Accenture Solutions Pvt Ltd, Amazon, Amway, Aditya Birla Group, Adani Group, Apple South Asia Pte Ltd, Axis Bank, Airtel, Bajaj Finserv, Goldman Sachs, Johnson & Johnson, Citibank N.A., Cognizant, Colgate Palmolive India Limited, Deloitte USI, Flipkart.com, Firstcry.com, Godrej Industries Limited, Google India Pvt Ltd, HDFC Bank, HUL, ICICI Bank, KPMG, and Loreal India Pvt Ltd, to name a few.
Accepted Exams: CAT
Offered Courses: PGPM/PGP-HR/PGP-IM
Fee: ₹19.8 Lakhs
Average Placement: ₹22 LPA
Seats Available: 420
Founded in 1973, MDI is a private business school. The Gurgaon campus occupies 37 acres and offers exceptional facilities. It holds the distinction of being the first B-school with AMBA accreditation. Shortlisted CAT candidates proceed to GD-PI for final selection. MDI Gurgaon attracts renowned recruiters like Deloitte USI, OYO Rooms, KPMG, JP Morgan Chase, Airtel, American Express, Accenture, Infosys, and Bain Capability Centre, among others.
Accepted Exams: CAT/XAT/GMAT
Offered Courses: PGDM
Fee: ₹19 Lakhs
Average Placement: ₹12.5 LPA
Seats Available: 660
IMT Ghaziabad stands as one of India's premier business schools, renowned for its excellence. The institution boasts the prestigious AACSB accreditation, a testament to its high standards. It consistently secures a spot within the top 10 business schools according to reputable ranking bodies like Business Today and CRISIL. IMT Ghaziabad's extensive industry alliances further enhance its standing in the realm of business education.
IMT Ghaziabad offers a range of Post Graduate Diploma in Management (PGDM) programs, including Marketing and Finance, as well as PGDM-Banking, Insurance, and Financial Services (PGDM-BIFS).
Renowned corporate names consistently partner with IMT Ghaziabad for recruitment, reaffirming its reputation. These esteemed recruiters include Deloitte, PwC, Google, L’Oréal, JP Morgan, Britannia, Goldman Sachs, Microsoft, SAP, and Accenture.
Accepted Exams: CAT
Offered Courses: MBA
Fee: ₹11.5 Lakhs
Average Placement: ₹16.29 Lakhs Per Annum (LPA)
Seats Available: 140 seats
VGSom stands as a notable public B-school in West Bengal. It holds the distinction of being the inaugural management college under the umbrella of the Indian Institute of Technology, established in 1993. The school was conceived to nurture managers with profound technical expertise. Following the model of the US Sloan School of Management at the Massachusetts Institute of Technology (MIT), VGSoM was established.
VGSoM offers specialized education in various domains including Sales & Marketing, Operations, Analytics, Consulting, and IT.
Prominent recruiters that engage with VGSoM include HSBC, Trident, Vedanta, Tata Power, IBM, ICICI Bank, JP Morgan, TCS, Wipro, Infosys, Genpact, Axtria, CRISIL, eBay, Accenture, Kotak, Edelweiss, Cluster, and others.
Accepted Exams: CAT (Common Admission Test)
Offered Courses: MBA
Fee: ₹8 Lakhs
Average Placement: ₹12.44 Lakhs Per Annum (LPA)
Seats Available: 68 seats
DoMS at IIT Madras is a standout college in India, though it's not an IIM. It began in 2004 and is on a big 600-acre campus in Chennai. Students can focus on HR, Marketing, or Finance.
Well-known companies like TATA, Infosys, Chalo, and others actively look to hire from DoMS. They come to the college to find new skilled people.
Accepted Exams: CAT (Common Admission Test)
Offered Courses: MBA (Master of Business Administration)
Fee: ₹9.6 Lakhs
Average Placement: ₹18.47 Lakhs Per Annum (LPA)
Seats Available: 115 seats
DMS-IIT Delhi is a renowned business school, sprawling over 320 acres. The MBA programs were launched by the Management Studies Department in 1993, with recognition from UGC and AICTE. Presently, the department offers a two-year full-time MBA, providing both a General track and a specialization in Managing Telecommunications Systems.
The school enjoys attention from top recruiters including Shell, Amazon, Accenture, Capgemini, EY, GAIL, Deloitte, KPMG, IBM, HSBC, HP, IOC, Cognizant, GE, and Wipro, among others.
Accepted Exams: CAT/XAT
Offered Courses: PGDRM (Post Graduate Diploma in Rural Management)
Fee: ₹5.54 Lakhs
Average Placement: ₹12.84 Lakhs Per Annum (LPA)
Seats Available: 180 seats
DMS-IIT Delhi is a renowned business school, sprawling over 320 acres. The MBA programs were launched by the Management Studies Department in 1993, with recognition from UGC and AICTE. Presently, the department offers a two-year full-time MBA, providing both a General track and a specialization in Managing Telecommunications Systems.
The school enjoys attention from top recruiters including Shell, Amazon, Accenture, Capgemini, EY, GAIL, Deloitte, KPMG, IBM, HSBC, HP, IOC, Cognizant, GE, and Wipro, among others.
Programs Available: International Master in Business (IMB), formerly known as PGPB
Tuition Fees: Rs. 18.60 Lakhs Per Annum (LPA)
Average Placement Package: Rs. 12.3 Lakhs Per Annum (LPA)
Seat Capacity: 170 seats
SDA Bocconi Asia Center stands as a prominent institution that extends the renowned SDA Bocconi School of Management from Italy. Notably, the original SDA Bocconi School of Management holds a remarkable position, ranked as the 3rd Business School in Europe by the esteemed Financial Times. It boasts the esteemed Triple Crown Accreditation, encompassing AACSB, AMBA, and EQUIS.
The center closely adheres to a curriculum and international standards akin to its counterparts across the globe. Distinguished recruiters such as H&M, PWC, Ador Group, ICICI Bank, SDF, Bausch & Lomb, KPMG, L&T, Tolaram, Deloitte USI, Ernst and Young, Future Group, Vodafone Idea, and more are actively associated with the institution.
Accepted Exams: CAT, XAT, GMAT
Offered Courses: PGDM
Fee: ₹14.6 Lakhs
Average Placement: ₹11.4 Lakhs Per Annum (LPA)
Seats Available: 420 seats
TAPMI, founded by Shri T.A. Pai in 1980, holds the distinction of being the fifth institution to secure dual accreditation from AACSB (Association to Advance Collegiate Schools of Business) and AMBA (Association of MBAs). The school actively engages in student and faculty exchanges with esteemed institutions like Sheffield Hallam University in the UK, Macquarie University in Australia, and the Asian Institute of Management in Manila.
TAPMI offers specialized tracks in Consulting, Banking and Financial Services, Human Resources, and Marketing. Renowned recruiters such as Accenture, Dell, Amazon, Flipkart, Zoho, Practo, Radio Mirchi, Goldman Sachs, Citi Bank, CRISIL, IBM, Infosys, HDFC, HSBC, Titan, Salesforce, Tata Motors, Volvo, and more, actively seek talent from TAPMI.
FORE School of Management, also referred to as FORE, stands as a non-profit institution situated in South Delhi, India. Its establishment dates back to 1981. FORE is recognized as a notable B-School within the Delhi NCR region and has garnered a national ranking of 43rd according to NIRF.
The institute offers a variety of Management programs, including PGDM, PGDM-IBM (International Business), PGDM-FM (Financial Management), PGDM-BDA (Big Data Analytics), Executive PGDM, and Fellow Program in Management (FPM). Admissions are open to candidates with XAT and GMAT scores, where those with a minimum of 85th percentile and 650 marks in XAT and GMAT, respectively, qualify for applying to the PGDM course. Shortlisted candidates undergo a selection process involving a business awareness quiz, essay writing (WAT)/Extempore/Group Discussion, and personal interview.
FORE also provides three AICTE-approved diploma courses. The institute has achieved notable placements, with the highest recorded salary being 30 LPA. The average salary at FORE sees consistent annual growth. In recent years, FORE School of Management has solidified its position among the premier B-schools in New Delhi.
ITM Business School holds approval from AICTE and boasts campuses in multiple locations: Navi Mumbai (Kharghar), Warangal, Chennai, Vadodara, and Raipur. Established in 1991, the flagship campus of ITM Group is situated in Kharghar (Navi Mumbai), where it has been imparting education for nearly three decades.
Regarded as one of the finest MBA/PGDM colleges in India, ITM Business School has consistently maintained its ranking among the top B-Schools for MBA/PGDM in Mumbai, the western zone, and nationally, spanning several years. It has earned the 15th position among India's leading B-Schools.
The institute offers a two-year PGDM iConnect program featuring a comprehensive curriculum with over 1,000 contact hours. ITM Business School Navi Mumbai has established partnerships with esteemed institutions like Queen Margaret University (UK), EMI Normandie (France), and Groupe ESSCA (France).
The campus is equipped with modern amenities that align with the standards of a world-class educational institution dedicated to business education. With a diverse range of pedagogical, curricular, and extracurricular activities, along with abundant resources, the campus fosters an environment conducive to holistic development for every student.
In conclusion, while the Indian Institutes of Management (IIMs) are undoubtedly prestigious, there are several top non-IIM B-schools in India that offer education and opportunities equal to their IIM counterparts. These institutions have carved a niche for themselves in the world of management education, consistently delivering exceptional quality in terms of faculty, infrastructure, and placement opportunities.ITM Business School holds approval from AICTE and boasts campuses in multiple locations: Navi Mumbai (Kharghar), Warangal, Chennai, Vadodara, and Raipur. Established in 1991, the flagship campus of ITM Group is situated in Kharghar (Navi Mumbai), where it has been imparting education for nearly three decades.
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