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.
The NIRF ranking, introduced by the Government of India, is a significant step toward systematically evaluating Indian institutions based on various 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% |
Unfairly Ranked Colleges in NIRF 2024 | NIRF 2024 | Rank Difference | NIRF 2023 |
IMI Delhi | 40 | -6 | 34 |
58 | -16 | 42 | |
KREA University | 99 | -25 | 74 |
K J Somaiya, Mumbai | 63 | -18 | 45 |
64 | -16 | 48 |
Unfairly Ranked MBA Colleges in NIRF 2024 | Placement Percentage | Median Salary |
100% | 16,33,000 | |
TAPMI, Manipal | 100% | 13,50,000 |
100% | 13,10,000 | |
99% | 11,00,000 | |
BIMTECH, Greater Noida | 100% | 11,00,000 |
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).
TLR (100) | RPC (100) | GO (100) | OI (100) | Perception (100) |
72.25 | 26.29 | 87.23 | 69.58 | 9.12 |
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).
TLR (100) | RPC (100) | GO (100) | OI (100) | Perception (100) |
60.10 | 25.90 | 81.91 | 70.48 | 15.51 |
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.
TLR (100) | RPC (100) | GO (100) | OI (100) | Perception (100) |
69.73 | 2.22 | 64.61 | 73.15 | 9.98 |
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.
TLR (100) | RPC (100) | GO (100) | OI (100) | Perception (100) |
68.84 | 23.02 | 72.59 | 66.72 | 9.12 |
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.
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.
On Question asked by student community
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 on your specialization preference.
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:
Overall, you can expect a call from institutes that weigh work experience and academic performance heavily, but you should also be prepared for lower-tier institutes in terms of CAT score cutoffs. Ensure you target institutes that match your profile for better chances.
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
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 (PGDM) is respectable, but not as good as SIOM or GIM.
GIM Goa (BFSI) is the best choice overall because of its superior brand, placements, and potential for expansion.
SIOM Nashik is the best for operations only.
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 worth for your to stay in campus. So connect with them they'll surely agree on this.
Hope this helps you,
Thank you
https://www.careers360.com/colleges/international-management-institute-kolkata
Dear aspirant,
I would be judging these two institutes on the basis of placements.
So, IMT nagpur has a very strong placement cell. All the training and placement related stuff is handled by the placement team. The students are trained through various training programmes to enhance their communication skills.
Students are placed across various sectors such as BFSI ,IT and ITES , service , hospitality, e-commerce ,consulting ,power , manufacturing, FMCG and retail and many more.
Whereas imi new dehli does not have strong grip in its placements.
To get complete information you can check out the link given below-
https://www.careers360.com/colleges/institute-of-management-technology-nagpur
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