5 B-Schools That Were Unfairly Ranked in NIRF 2024: Parameters, Placement, Salary
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5 B-Schools That Were Unfairly Ranked in NIRF 2024: Parameters, Placement, Salary

Team Careers360Updated on 27 Aug 2024, 05:56 PM IST

The NIRF rankings have long been a benchmark for MBA aspirants in India, guiding them toward choosing the right B-school. However, the 2024 rankings have sparked significant debate due to surprising placements that raise questions about the methodology. Many well-regarded institutions have been overshadowed by lesser-known private colleges, despite stronger credentials in parameters like placements, salary packages, academic excellence, and industry connections. Here, we explore five B-schools that, based on their performance and reputation, deserve higher recognition in the NIRF 2024 rankings but seem to have been unfairly placed.

5 B-Schools That Were Unfairly Ranked in NIRF 2024: Parameters, Placement, Salary
5 B-Schools That Were Unfairly Ranked in NIRF 2024: Parameters, Placement, Salary

5 B-Schools That Were Unfairly Ranked in NIRF 2024

The NIRF ranking, introduced by the Government of India, is a significant step toward systematically evaluating Indian institutions based on various parameters.

NIRF MBA Ranking 2024: Parameters

Parameters

Ranking Weight

Teaching, Learning & Resources (TLR)

30%

Research and Professional Practice (RP)

30%

Graduation Outcomes (GO)

20%

Outreach and Inclusivity (OI)

10%

Perception (PR)

10%

NIRF Management Ranking 2024: Year-Wise Rank Difference

Unfairly Ranked Colleges in NIRF 2024

NIRF 2024

Rank Difference

NIRF 2023

IMI Delhi

40

-6

34

TAPMI, Manipal

58

-16

42

KREA University

99

-25

74

K J Somaiya, Mumbai

63

-18

45

BIMTECH, Greater Noida

64

-16

48

Placement details of MBA colleges that were unfairly ranked in the NIRF 2024

Unfairly Ranked MBA Colleges in NIRF 2024

Placement Percentage

Median Salary

IMI Delhi

100%

16,33,000

TAPMI, Manipal

100%

13,50,000

KREA University

100%

13,10,000

K J Somaiya, Mumbai

99%

11,00,000

BIMTECH, Greater Noida

100%

11,00,000

International Management Institute, Delhi

IMI New Delhi was established in 1981 and is India's first corporate sponsored business school. IMI Delhi offers admission in PGDM, PGDM (HRM), PGDM (B&FS), PGDM Online, 18th Month PGDM, and Fellow Program in Management (FPM).

NIRF 2024 Parameters

TLR (100)

RPC (100)

GO (100)

OI (100)

Perception (100)

72.25

26.29

87.23

69.58

9.12

T. A. Pai Management Institute (TAPMI)

TAPMI was established as Manipal Institute of Management in 1980. It is the fifth institute in India to have dual accreditations (AMBA & AACSB). In 1981, it was renamed to T.A. Pai Management Institute in honour of our founder. TAPMI offers full-time programmes in MBA, MBA (BKFS), MBA (HRM), MBA (Marketing), MBA (IB).

NIRF 2024 Parameters

TLR (100)

RPC (100)

GO (100)

OI (100)

Perception (100)

60.10

25.90

81.91

70.48

15.51

KREA University

KREA was established in 1970 as a not-for-profit society, the Institute for Financial Management and Research (IFMR). KREA Univesity offers full-time management programmes MBA, Integrated MBA, and Executive MBA.

NIRF 2024 Parameters

TLR (100)

RPC (100)

GO (100)

OI (100)

Perception (100)

69.73

2.22

64.61

73.15

9.98

K. J. Somaiya Institute of Management, Mumbai

Somaiya Vidyavihar was established by Padmabhushan Late Shri K J Somaiya in 1959. The institute offers admission in MBA, MBA in Working Executives, MBA in Healthcare Management, MBA in Sports Management, and Executive MBA.

NIRF 2024 Parameters

TLR (100)

RPC (100)

GO (100)

OI (100)

Perception (100)

68.84

23.02

72.59

66.72

9.12

Birla Institute of Management Technology, Greater Noida

BIMTECH was established in 1988 under the Birla Academy of Arts and Culture, and supported by the Birla Group of Companies. The institute offers full-time programmes in PGDM, PGDM (IB), PGDM (IBM), PGDM (RM), and PGDM Online.

NIRF 2024 Parameters

TLR (100)

RPC (100)

GO (100)

OI (100)

Perception (100)

67.23

18.69

80.54

65.89

9.55

Conclusion

NIRF's rankings do not do justice to MBA rankings and should not become a consideration factor while selecting or targeting B-schools. The factors included do not specify the points an aspirant would need to evaluate their results.

There are differences not only in MBA colleges but also in undergraduate colleges. To make the right decision, one should check factors like placements, alumni networks, company visits and roles offered, ROI, brand value, and batch size.

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Questions related to IMI Delhi

On Question asked by student community

Have a question related to IMI Delhi ?

Hello there,

With a 70 percentile it is not easy to make it in the IMT Hyderabad because the cutoff usually reaches 85-90+ for general category, even IMT Nagpur has low chances since the cutoff usually reaches 75-85. However, IMI Kolkata, is your safe option, since the cutoff is around

Hello,

IMT Nagpur is generally better than IMI Kolkata in terms of brand value, alumni network, and corporate connections. IMT Nagpur has a higher average placement package (~9 LPA vs ~7 LPA at IMI Kolkata) and better faculty. however, IMI Kolkata is good for finance- related roles, so choose based

Hello Varun,

Based on your CAT raw score and profile, here's a breakdown of your potential calls and your chances for different institutes:

1. GIM Goa, GLIM Chennai, IMT Ghaziabad, IMI Delhi:

  • GIM Goa : With a score of 55, GIM typically looks for candidates with a higher percentile. However,

Hii,

If banking, finance, and insurance are of interest to you, pick GIM Goa (BFSI); it has a strong brand and excellent industry connections.
If you enjoy managing factories, supply chains, or logistics, SIOM Nashik (Operations) is the best option. It's a specialized field with excellent operations.
Overall, IMI Bhubaneswar

Hello,

Generally, many institutes have a residential requirement, especially for full-time programs, to foster a conducive learning environment and promote holistic development among students. However, since your home is just 15 minutes from the campus, you may want to inquire directly. Mostly they'll agree with you as it is not