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India's best B-schools: How the country's MBA education is changing, giving students more options

The MBA platter is transforming, with a vibrant choice of programmes and formats for students to choose from. While each format has its place and utility, their real value will be known only later

B-school rankings

Ranking based on the score obtained out of a total of 1,000

Note: Different weightage has been assigned to each of the five parameters—learning experience, living experience, placement performance, selection process, governance and establishment, and future orientation. The scores of these parameters were then summed up to get the total objective score achieved by each institute. Ranking is based on objective data only. Only those B-schools that submitted their objective data have been ranked. Institutes like IIM Kozhikode, XLRI Xavier School of Management, Jamshedpur, etc., which did not submit their objective data on time or declined to participate, have not been ranked. Only those colleges that fulfilled the following criteria were considered eligible for participation in the ranking: i. Minimum three batches passed out ii. Offering full-time Post Graduate Programme in Management. All scores have been rounded off to one decimal place; this may result in rounding off errors while adding the parameter-wise score. DNP = Did Not Participate


Comparative performance of various institutes based on their overall scores out of a total of 1,000. The higher the score, the higher is the institutes’ corresponding rank

Note: The scores of some institutes are not available as they did not participate in the survey.

B-School Report Card

A snapshot of how individual B-schools have performed over the years




Overall Score (1,000)

Score over the years

Note: The ranks of some institutes are not available as they did not participate in the survey

performance indicators

A snapshot of of the Top 100 B-schools of India over the years

top edtechs offering mba/pgdm

Management programmes offered by Top edtech platforms in India

Note: The edtech companies have been ranked basis their MBA programmes available in India. The edtech companies cannot offer any MBA programme themselves; all MBA programmes are offered jointly by any university/recognised institute. Ranking has been done based on Objective Data (information from secondary sources) + Perceptual Survey

Other mba rankings

Rankings of Executive and 1-year MBA programmes offered by Top B-schools

Note: Executive programme (Online; 9-12 months) for general management were ranked. No specialised executive programmes were considered for ranking; ranking has been done based on Objective Data (information from secondary sources)

Note: MBA programmes for working executives (Offline, 12-18 months) were ranked; ranking is based on Objective and Perceptual survey data. B-Schools that have not submitted their data were ranked on the basis of publicly available data

Career Choices

The average number of students who opted for entrepreneurship and family businesses among the Top 100 Government and Private Colleges, over the years


With significant improvements in the number of data points, the 11th edition of BT-MDRA India’s Best B-schools Survey 2023—and 24th overall—retains the same fundamentals that it started with in 2013. The ranking provides the most credible and exhaustive rankings of India’s Best B-schools based on the most recent data. With the changing needs of time, new rankings have been introduced, such as Top 20 One-year MBAs; Top 10 Edtech platforms providing management courses, and Top 15 Executive Programmes.

As the country’s most scientific and methodical ranking of the best business education programmes—the lists have jointly been prepared by Business Today and market research firm Marketing & Development Research Associates (MDRA).

Abhishaik Aggarwal

Too Many, Yet Too Few

Column by Mdra

Management education is being commoditised at an unprecedented pace. A majority of those who seek admission to management programmes belong to Generation Z and they define career success differently. They look for more flexible, shorter courses that offer tangible skills and personal growth.

By Abhishek Agrawal

Best B-Schools in 2022

Best B-Schools in 2021


  • Data Source
  • MDRA