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
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.
A snapshot of how individual B-schools have performed over the years
Note: The ranks of some institutes are not available as they did not participate in the survey
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
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
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).
A comprehensive list of B-schools offering full-time, classroom management programmes (PGDM/MBA), and established at least five years ago with a minimum of three graduated batches was prepared. The objective questionnaire was fine-tuned to obtain the latest and most relevant information based on the latest data of 127 attributes, to provide a realistic, updated and accurate picture. More than 2,500 B-schools fulfilling the qualification criteria were contacted, clearly mentioning the deadline and that there was no participation fee. Of these, 273 submitted the data within the timeline, and 272 of them were ranked as one did not fulfill the eligibility criteria.
After collecting the objective data, the four steps of data cleaning, logical checks and validation, back-checks, and audits were conducted. In the first stage, every aspect of the details provided by the B-schools was examined carefully through publicly available information and MDRA’s database. In the second stage, verification and audits of the participating B-schools were conducted by MDRA researchers to ensure accuracy and correctness of the data submitted.
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.
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