An MBA/PGDM  degree opens up a world of opportunities to excel professionally. An MBA degree gives numerous opportunities and specializations to choose from and achieve in-depth knowledge in a particular area. With over 30+ specializations offered by higher education institutions in India, one must understand their options well in order to make the correct choice. MBA program required students to pick an elective course in certain domains such as Marketing, Finance, Human Resources, etc. By the end of the course, the student is awarded an MBA with a specialization in that particular domain. Some of the common MBA Specializations are in Finance, Human Resources Management, Information Technology, Logistics Management, Marketing Management, Business Management, Rural Management, Event Management, etc.

The Functional Heads (for IT/HR/Finance/Marketing/Production) of the companies listed in the ET 500 list were asked to rank the B-schools in order of preference for recruitment, taking factors into consideration like readiness for professionalism, corporate life, technical knowledge, etc. A total of 253 responses across the 5 functional areas with 38 Finance Heads, 31 IT Heads, 97 HR Heads, 34 Production Heads, and 52 Manufacturing Heads were achieved. In this article, find the list of top 30 ET ranking business schools with details.

Ranking of MBA Colleges in India by Economic Times List

The table below lists the top 30 Business schools to consider for an MBA degree which will hold a lot of value and get the students ready to solidify their skills.

ET Ranking 2020 B-School Name
1 Indian Institute of Management, [IIM] Ahmedabad
2 XLRI-Xavier School of Management
3 Indian Institute of Management, [IIM] Bangalore
4 Symbiosis Institute of Business Management, [SIBM] 
5 Indian Institute of Management, [IIM] Calcutta
6 Narsee Monjee Institute of Management Studies, [NMIMS]
7 Institute of Management Technology, [IMT] Ghaziabad
8 Indian Institute of Management, [IIM] Lucknow
9 Management Development Institute, [MDI] Gurgaon
10 Jamnalal Bajaj Institute of Management Studies, [JBIMS] Mumbai
11 Indian Institute of Management, [IIM] Kozhikode
12 Indian School of Business, [ISB] Hyderabad
13 SP Jain Institute of Management and Research, [SPJIMR]
14 Amity Business School, [ABS] Noida
15 Faculty of Management Studies, [FMS] Delhi
16 Welingkar Institute of Management Mumbai
17 Xavier Institute of Management, [XIM] 
18 Indian Institute of Management, [IIM] Indore
19 Tata Institute of Social Sciences, [TISS] Mumbai
20 ICFAI Business School, [IBS]
21 Symbiosis Centre for Management and HR Development Pune
22 Department of Management Studies, [DMS] IIT Delhi
23 Indian Institute of Foreign Trade, [IIFT] Delhi
24 National Institute of Industrial Engineering, [NIIE] Mumbai
25 Symbiosis Institute of Management Studies, Pune

The top 10 Economic Times MBA Colleges are discussed in detail below. Find information regarding the same by clicking on the links provided.

1. IIM Ahmedabad

Indian Institute of Management, [IIM] Ahmedabad was established in late 1961 with the help of combined efforts by Dr. Vikram Sarabhai, Ravi J. Matthai, and Kasturbhai Lalbhai. IIM A has a number 1 rank in the ET Ranking 2020 and has been India’s top 1 university for the longest time. IIM Ahmedabad courses offered are Executive MBA and PGP. The admissions are done on the basis of IIM Ahmedabad cutoffs are based on the category of students. The general category percentile cutoff is around 80% with a relaxation of 10-15% for the SC/ST/OBC.

2. XLRI-Xavier School of Management

Xavier Labour Relation Institute located in Jamshedpur and established in 1949 ranks 2nd in the ET Ranking 2020 among prestigious business schools. The university has been known as the most common choice for MBA aspirants for a long time. It provides a 100% placement guarantee as well as enables students to step into the business world fully prepared. The courses offered at the university are Executive Diploma, Post Graduate Certificate,  Fellowship Programme, and Post Graduate Diploma In Management.

3. IM Bangalore

Indian Institute of Management, [IIM] Bangalore was established in 1973 and is one of the top universities in Asia. It is ranked 3rd in the ET 2020 ranking. It is accredited by the EQUIS, a reputed international accreditation body. IIM Bangalore has partnerships with many leading organizations for women entrepreneurship as well as various non-profit incubations.  IIM Bangalore admissions are based on CAT/GMAT scores. IIM Bangalore cutoff criteria range from 90 -75 percentile based on the category of students.

4. Symbiosis Institute of Business Management, [SIBM]

Among the top private MBA colleges in India, Symbiosis Institute of Business Management is a very well known private institute located in Pune with a good reputation when it comes to quality education. SIBM is a constituent of Symbiosis International University and was established in 1978. The university is known to promote creativity and entrepreneurship in students. Approved by the University Grant Commission, It is accredited by National Assessment and Accreditation Council as 'A' Grade. The ET Ranking 2020 positions this business school on 4th among many other renowned universities. The courses offered include the Master of Business Administration [MBA], Post Graduate Certificate, and Postgraduate Diploma.

5. Indian Institute of Management, [IIM] Calcutta

IIM Calcutta was established in 1961 in partnership with the West Bengal Government and the Alfred P. Sloan School of Management [MIT], the Ford Foundation, and the Indian industry. It is ranked 5th in the ET 2020 ranking. IIM Calcutta is well-known for its finance-related courses and is known to be one of the best B-schools in the world for finance. IIM Calcutta courses offer Executive programs, PG Diploma as well as an MBA program. The top Business School’s cutoffs set on the basis of different programs offered ranging from 70 to 90 percentile.

6. Narsee Monjee Institute of Management Studies, [NMIMS]

NMIMS is one of the country’s well-known universities in Mumbai offering courses in various fields. It is a Deemed-to-be-University offering postgraduate programs for 35 years. Established in 1981, the university is UGC, AICTE, COA, BCI, PCI, and NIRF approved. It is also accredited by NBA and NAAC-A. It ranks in the 6th position in the ET 2020 ranking among top universities and business schools. NMIMS offers 2 years of full-time master’s courses which include Masters of Business Administration [MBA], Executive MBA [EMBA], Post Graduate Certificate in Business Management [PGBM], and Post Graduate Certificate Programme in Management [PGCPM]. 

7. Institute of Management Technology, [IMT] Ghaziabad

The Institute of Management Technology, Ghaziabad is an autonomous institution that was established in the year 1980. It is one of India’s premier institutes. It has been ranked 7th in the ET 2020 ranking as one of India’s best B-Schools. The Institute of Management Technology also has its campus at Nagpur, Dubai, and Hyderabad. The college focuses on student development through experimental learning. It also encourages student exchange wherein the student can go to one of the 59 countries with which IMT has a partnership. The college currently has 4 courses namely the PGDM part-time, Executive PGDM, full-time PGDM, and the PGDM Dual country program (DCP). 

8. IIM Lucknow

Indian Institute of Management, [IIM] Lucknow was established in 1984 and had fully integrated into top Global Management School delivering quality education. IIM Lucknow has been ranked 8th position in the latest ET ranking 2020. The courses offered by IIM Lucknow include Executive MBA, MBA, PGP, and PGD. The admission process is done online by filling the form and eligible students should qualify with the cutoff set which is 70 to 90 percentile based on the category of students. 

9. Management Development Institute, [MDI]

Established in the year 1973 as an autonomous institute and located in Gurugram, Management Development Institute offers various courses in Management. Ranking on 9th by ET Ranking, It is one of the pioneers in providing high-quality education in the field of Management studies. MDI is one of the top B-Schools offering PG programs of Management accredited by the All India Council for Technical Education. It is also awarded an 'A' grade by the National Board of Accreditation and by the South Asian Quality Standards [SAQS] and by the Association of MBAs [AMBA]. The courses offered by MDI are Fellowship Programme, National Management Programme, Post Graduate Diploma In Management [PGDM] {Executive}, Post Graduate Programme, and Post Graduate Programme in Management [PGPM].

10. Jamnalal Bajaj Institute of Management Studies, [JBIMS] Mumbai

Jamnalal Bajaj Institute of Management Studies, [JBIMS] Mumbai, was established in the year 1965. Its parent institution is the University of Mumbai. It is ranked 10th in the ET 2020 ranking. The Institute is approved by the All India Council for Technical Education [AICTE]. Over the years, it has received various awards for providing quality education. The university offers courses like MMS, MSc in Finance, Masters in marketing, information and human resource, Doctoral programs.

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