The National Institutional Ranking Framework (NIRF) was approved by the MHRD and launched by Honourable Minister of Human Resource Development on 29th September 2015. It is a bodywork which outlines a methodology to rank institutions across the country. The procedure draws from the overall recommendations broad understanding arrived at by a Core Committee set up by MHRD, to identify the broad parameters for ranking various universities and institutions. The parameters broadly cover “Teaching, Learning and Resources,” “Research and Professional Practices,” “Graduation Outcomes,” “Outreach and Inclusivity,” and “Perception”.
Let’s check out the TOP 10 Business Colleges in 2017 enlisted by NIRF:
1. Indian Institute of Management Ahmedabad
IIM A tops the charts with being number 1 in the list of Business Colleges 2017. IIMA was established as an institution that would be managed by a society– the IIMA Society. The Institute was to be run by a Board of Governors, constituted by the IIMA Society. The Board would have representation from all the relevant constituencies so as to reflect the multifarious needs of a developing nation. IIMA was therefore conceived as a Board-managed institution, free from the exclusive control of any one constituency. Every nook and corner of this prime establishment aptly justify its ranking.
- PLACEMENTS: 411
- PACKAGES: INR 2113516
2. Indian Institute of Management Bangalore
Presented to the world in 1973, the Institute has since then built its base of highly accomplished faculty, world-class infrastructure and motivated student body to emerge as one of the esteemed institutes for management education and research, promoting managerial excellence in the country. IIMB’s mission is to ‘build leaders through holistic, transformative and innovative education. IMB is the only Indian business school to feature among the Top 50 B-schools on the Financial Times Executive Education (2015 Rankings).
- PLACEMENTS: 393
- PACKAGES: INR 2000000
3. Indian Institute of Management Calcutta
Over the decades, IIMC has grown into a mature institution with global reputation, imparting high-quality management education. It has been playing a pioneering role in professionalising Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities. Today, the institute serves as an autonomous body, continually evolving to meet its goals in an ever-changing business environment.
- PLACEMENTS: 442
- PACKAGES: INR 3999826
4. Indian Institute of Management Lucknow
The Institute was established in the year 1984. Since then IIML has touched a million lives directly or indirectly through its faculty, alumni and support staff. IIML moulds its students into value-driven leaders, managers and global players. The institute undertakes a diverse range of academic activities aimed at creation, dissemination and application of management knowledge and practice.
- PLACEMENTS: 440
- PACKAGES: INR 1845000
Indian Institute of Management Kozhikode
With its roots dating back to 1996, the Indian Institute of Management Kozhikode (IIMK) was the fifth IIM to be established in the country. The first batch of 42 students was admitted in 1997 and the Institute has since grown tremendously over the years with a current batch strength of 384 odd students, making it the fastest growing management school in the country.
- PLACEMENTS: 360
- PACKAGES: INR 1550000
6. Indian Institute of Technology Delhi
IIT Delhi is placed at sixth ranking and the first position amongst other IITs for management courses. IIT-D glorifies its vision: to contribute to India and the World through excellence in scientific and technical education and research; to serve as a valuable resource for industry and society, and remain a source of pride for all Indians.
- PLACEMENTS: 60
- PACKAGES: INR 1419000
7. Indian Institute of Technology Kharagpur
IIT-K is the second IIT which is enlisted in the list of top Business Schools in 2017 by NIRF. IIT Kharagpur aims to provide broad-based education, helping students hone their professional skills and acquire the best-in-class capabilities in their respective disciplines. It strives hard to imbibe a spirit of entrepreneurship and innovation in its students. With the motto to improve the life of every citizen of the country, IIT-K bags seventh position.
- PLACEMENTS: 102
- PACKAGES: INR 1183000
8. Indian Institute of Technology Roorkee
Third IIT to fall under the category of top 10 Business Schools in 2017 is IIT- R. The Institute ranks amongst the best technological institutions in the world and has contributed to all sectors of technological development. It has also been considered a trendsetter in the area of education and research in the field of science, technology, and engineering.
- PLACEMENTS: 79
- PACKAGES: INR 900000
9. Xavier Labour Relations Institute (XLRI)
XLRI is the only institute that doesn’t flaunt the IIM brand! Over many years XLRI has developed its own identity. The hallmark of this identity is, not to walk on the already carved out paths but to strike new routes; not to benchmark but to be benchmarked, to be second to none but to be the first to respond to the needs of the people and the nation. By taking up the tasks which are bold but necessary which nobody has hitherto taken up. This enterprising and pioneering spirit can be witnessed throughout the history of XLRI.
- PLACEMENTS: 360
- PACKAGES: INR 1800000
10. Indian Institute of Management Indore
IIM-I is the tenth Business School that are successfully providing an outstanding education to its students. IIM Indore offers interdisciplinary learning and research in its academic programmes by providing exposure to a format which integrates data, information, tools and techniques, perspectives and concepts, from various basic disciplines aimed at advancing fundamental understanding to solve real life problems.
- PLACEMENTS: 511
- PACKAGES: INR 1450000
Tip: Don’t work hard, work smart. Study smart and get enrolled in these top 10 Business Schools. Give your management career a rocket- ride to success! Satiate your business craving brain. Let us know your views and queries in the comments.
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