NIRF Rankings 2024: Top 10 Best Management School in India

Union Education Minister Dharmendra Pradhan released the National Institutional Ranking Framework (NIRF) 2024 rankings at Bharat Mandapam in Delhi on Monday, August 12. The Indian Institute of Management (IIM) in Ahmedabad was once again ranked as India's best business school. IIT Delhi, IIM Bangalore, IIM Kozhikode, and IIM Calcutta came after IIM Ahmedabad.

With a record 10,885 schools submitting for this year's ranking, it is clear that since its introduction in 2015, competition and participation among India's educational institutions have significantly increased.

IIM-Mumbai was ranked sixth in NIRF Ranking 2024, after IIM-Lucknow, IIM-Indore, Xavier School of Management-Jamshedpur, and IIT-Bombay.

Dharmendra Pradhan, UGC Chairman Mamidala Jagadesh Kumar, and BJP MP Sukanta Majumdar, the Union Minister of State for Education, Government of India, were among the guests at the event on Monday.

What is the NIRF Ranking?

Image Source: Twitter

The Minister of Human Resource Development introduced the National Institutional Ranking Framework (NIRF) on September 29, 2015, after its approval by the Ministry of Health and Welfare. This framework provides a national ranking approach for institutions.

The thirteen groups that comprise the higher education establishments are as follows: universities, colleges, research institutions, medical, engineering, management, law, pharmacy, dentistry, agricultural and related industries, and innovation.

Three new categories—Open Universities, Skill Universities, and State-funded government universities—were added to the NIRF Ranking for 2024. According to AICTE Chair Anil Sahasrabudhe, the NIRF rankings would incorporate Sustainability Rankings starting in the next year.

Historical Ranking Trends (2020-2024)

Year	Rank 1	Rank 2	Rank 3	Rank 4	Rank 5
2024	IIM Ahmedabad	IIM Bangalore	IIM Kozhikode	IIT Delhi	IIM Calcutta
2023	IIM Ahmedabad	IIM Bangalore	IIM Kozhikode	IIM Calcutta	IIT Delhi
2022	IIM Ahmedabad	IIM Bangalore	IIM Calcutta	IIT Delhi	IIM Kozhikode
2021	IIM Ahmedabad	IIM Bangalore	IIM Calcutta	IIM Kozhikode	IIT Delhi
2020	IIM Ahmedabad	IIM Bangalore	IIM Calcutta	IIM Lucknow	IIT Kharagpur

Image Source: Twitter

1. Indian Institute of Management Ahmedabad (IIMA)

Location: Ahmedabad, Gujarat
Highlights: IIMA is renowned for its rigorous academic programs, distinguished faculty, and state-of-the-art infrastructure. It is a leader in management education, research, and consulting, offering a range of programs that cater to aspiring business leaders and professionals.

2. Indian Institute of Management Bangalore (IIMB)

Location: Bangalore, Karnataka
Highlights: IIMB is known for its strong industry connections, innovative curriculum, and vibrant campus life. The institute emphasizes entrepreneurship and research, making it a hub for budding entrepreneurs and scholars.

3. Indian Institute of Management Kozhikode (IIMK)

Location: Kozhikode, Kerala
Highlights: IIMK offers a diverse and inclusive learning environment, focusing on global perspectives in management education. It has a reputation for academic excellence and fostering a culture of continuous learning and innovation.

4. Indian Institute of Technology Delhi (IITD)

Location: New Delhi, Delhi
Highlights: IIT Delhi’s Department of Management Studies combines engineering and management education, providing a multidisciplinary approach. The institute is recognized for its research output and strong industry partnerships.

5. Indian Institute of Management Calcutta (IIMC)

Location: Kolkata, West Bengal
Highlights: As one of the oldest IIMs, IIMC boasts a rich legacy of producing influential business leaders. The institute offers comprehensive management programs and has a robust alumni network that spans the globe.

6. Indian Institute of Management Mumbai (IIMM)

Location: Mumbai, Maharashtra
Highlights: IIMM has rapidly ascended the rankings due to its strategic location and excellent industry connections. The institute offers specialized management programs that cater to the needs of the dynamic business environment.

7. Indian Institute of Management Lucknow (IIML)

Location: Lucknow, Uttar Pradesh
Highlights: IIML is celebrated for its balanced approach to management education, combining theoretical knowledge with practical application. Its unique rural immersion programs offer students insights into the rural economy and development.

8. Indian Institute of Management Indore (IIMI)

Location: Indore, Madhya Pradesh
Highlights: IIMI focuses on entrepreneurial skills and innovative learning. The institute emphasizes social responsibility and ethical business practices, preparing students to become responsible leaders.

9. XLRI - Xavier School of Management

Location: Jamshedpur, Jharkhand
Highlights: XLRI is one of the oldest management schools in India, known for its values-based education. The institute offers diverse programs, including Human Resource Management and Business Management, and is respected for its ethical and inclusive approach.

10. Indian Institute of Technology Bombay (IITB)

Location: Mumbai, Maharashtra
Highlights: The Shailesh J. Mehta School of Management at IIT Bombay is recognized for its research and industry collaborations. The institute provides a multidisciplinary approach to management education, blending technology and business.

Also Read: Satellite-based toll collection system: 5 countries that use satellite-based toll system