Top IIM Colleges in India

IIMs are India’s premier Institutes in management studies, offering postgraduate, executive education, certificate, and doctoral programmes for India and international students. The 2-year postgraduate programmes like MBA, Executive MBA, FPM, and PGPM in management studies are flagship programmes for IIMs in India. The best IIMs in India's main objective is to train future managerial professionals by providing knowledge, and skills through teaching, academic discourse, research, and other programmes and workshops related to business and management studies. There are more than 30 specialisations in management studies like Finance, Human Resources, Banking, Travel and Tourism, Agribusiness, construction, Energy, and others. 

The demand for MBA and other management courses gradually increased due to the luring salaries and high-profile jobs. MBA professionals are the highest-paid as engineers by corporate companies. MBA graduates can start their careers as high-profile employees in all industries. To get admission to Top IIMs in India 2023, students have to go through stiff competition. Admissions to the Top 20 IIMs in India 2023 are based on the performance in CAT conducted by IIMs and GMAT conducted by the Graduate Admission Council, CAT is conducted at the national level for admission in IIMs and their affiliated colleges, CAT is also the most accepted admissions test by top B-schools in India and abroad. As many international B Schools ask for GMAT, here in India GMAT accepting IIMs also consider GMAT score for admission for various programmes.

Why PGP or MBA from IIMs

Since their founding, IIMs have been considered as national important and premier institutions by the parliament. IIMs aim to make world-class management professionals in India. Since then IIMs have been considered world-class institutions in Management studies, also known both nationally and internationally for excellence in education, research, innovative business approach, and industrial consultancy. IIMs are autonomous institutions with an academic structure and curriculum designed by the faculty of the institute to enhance the creativity and quality of education in students through conferences, symposia, and workshops organised by the faculty, which attract participation from scholars all over the world.

The list of all IIMs colleges in India is 20 – the first of these to be instituted were at Kolkata- IIM Calcutta, (est. 1961) Ahmedabad - IIM Ahmedabad (estb. 1961), IIM Bangalore (estb. 1971), IIM Lucknow (estb. 1984), IIM Indore (estb. 1996), IIM Kozhikode (estb. 1996), the early IIMs often get placed top 5 IIMs in India topped NIRF IIM Shillong, IIM Ranchi, IIM Raipur, IIM Tiruchirappalli, IIM Rohtak, IIM Visakhapatnam, etc were established later.

How Affordable is a PGP or MBA Programme in IIMs

IIMs are union government-funded institutions, initially they were established by the recommendation of the planning commission to manage massive industrial management and industrial relations in various fields. The government of India funds these national importance universities to make them world-class universities. IIMs are autonomous institutions, so they can have their own fee structure academic curriculum, without government interference even though they are funded by the government. Due to the importance and various reasons, fee structures in IIMs are at mixed levels; most fees in IIMs stand between Rs. 11 lakhs to Rs. 31 lakhs. Students from socially and economically disadvantaged sections are eligible for scholarships and fee reimbursement by the institutions.

The fee structure in IIMs varies from institute to institute and course to course, each specialisation in IIMs may have its fee structure based on the type of facilities offered to the students. Here, we have listed IIMs in India, courses, and fees click on the college link for more details.  

List of All IIMs in India with Course and fees

Eligibility Criteria for Admission in IIMs

The eligibility criteria for various programmes in IIMs are set up by the IIMs under guidelines set by their own with the autonomy granted by Parliament and MHRD, most of the top B-schools in India have their specific eligibility criteria to meet the requirements to provide quality education. From the most followed we have listed general eligibility criteria:-

• Candidates must have a bachelor's degree or equivalent qualification in any discipline from a recognised university or college, recognized by the government of India. 

• Candidates must have completed their graduation with a minimum of 50% or more of aggregate marks, the minimum percentage is lowered for social and physically disadvantaged communities, such as for SC/ST at 45%, and for PWD 40% marks are required.

• No age limit

• Students who are in their final year or waiting for results also can apply, by providing the required documents of their degree and qualification. 

• Must have a valid CAT/GMAT score.

Top IIMs in India-NIRF Ranking 2023

National Institutional Ranking Framework (NIRF) is a body employed by MHRD.  The NIRF framework outlines a methodology to rank educational institutions across the country in various disciplines at a higher level of education. NIRF ranks colleges while considering various parameters such as infrastructure, faculty, placements, labs, research citation, professional practices, graduation outcomes, inclusivity, and others. The best management institutions including management colleges in India get a place at the top list. Interestingly, the early IIMs which were founded before the 2000s have placed in Top 10 IIMs in India, department of management studies in IITs, and few private MBA colleges also get ranked in top 20 MBA colleges in India. Here is the list of top IIMs accepting CAT ranked by NIRF 2023.

List of IIMs in India Rank wise

Admission Process in Top IIMs in India

The admission procedure for top IIMs in India for 2024 will be released after CAT results get released by one of the IIMs that conducts the exam. Most of the top IIMs and their affiliated institutes have their unique pattern in the admission process. Based on previous admission process, here, we have given a general admission process as those follows

• CAT/GMAT Score

• Written Test 

• Group Discussion

• Personal Interview

The seat allotment is given based on performance in above-mentioned rounds, and other factors like 10+2 and Degree marks, work experience, reservation policy, and academic merit can also be considered in the admission process. Seat allotment gets confirmed only after paying the admission fee. 

Top IIMs in India : Placement Wise

Top IIMs maintain academic relationships with several other educational institutes in the world through faculty exchange programs. For encouraging entrepreneurs, IIMs have interactions and co-opting projects with industries and institutions. All IIMs have placement cells that are responsible for teaching, training, and placements. IIM-Calcutta graduates were offered Rs. 1.6 crore  (International) & Rs. 1.0 crore per annum, graduates from IIM-A, IIM-B and other IIMS and IITs offered with good packages. Click on the link for more details about placements and packages in IIMs in India.

List of IIMs in India : Placement wise

FAQs

Question: Which IIM student got the highest package?

Ans: Several students from IIMs offered with good packages IIM-Calcutta students were offered at Rs. 55 LPA(domestic), Rs. 1.6 LPA (International) in 2022.

Question: Which is the best IIM for PGP Executives in India?

Ans: All top IIMs in India are national importance institutions, more or less equally IIM Calcutta, IIM Ahmedabad, IIM Bangalore and other first generation IIMs got top ranks among management course offered colleges in India as per NIRF 2022 Rankings.

Question: Which IIM offers a Management programme at the lowest fee?

Ans: The fees structure for management programmes at IIMs are mostly stands between Rs. 11 lakhs to Rs. 31 lakhs, in most cases, the departments may have their own fee structure based on the programme offered to the students. 

Question: How much score CAT is needed for IIM admission? 

Ans: Candidates must have 85+ percentile as the minimum score; it may be lowered to the socially disadvantaged classes based on vertical and horizontal representations recognised by the government of India. 

Question: How are IITs good for MBA?

Ans: IITs and IIMs are national importance institutions funded by Union governments for innovation and to enhance the quality of education in Technical & Management studies in India with self and sustained knowledge.