Faculty and management from some of the best B-schools in India, apart from the illustrious IIMs, believe that in spite of being subjected to an academic competition with the premier government-backed institutions without being afforded any handouts or subsidies, they have succeeded in slowly closing the gap that was once a gulf in class between them and the IIMs.
Here is a list of the top 30 non-IIM B-schools in India.
Indian School of Business (ISB), Hyderabad:
Located on a sprawling 260-acre campus in Gachibowli, the Indian School of Business stands tall in the middle of verdant surroundings. Founded by the senior executives of McKinsey and Company for catering to the need of a world-class business institute in Asia, ISB boasts an excellent placement record and has constantly been featured in the top 20 global business schools.
XLRI, formerly the Xavier Labor Relations Institute, regularly features among the top 5 B-schools in the country. The London Business School has recognized this institute for its business acumen while their HR course has been branded the best in the Asia-Pacific.
SP Jain Institute of Management and Research (SPJIMR):
SPJIMR, a part of the Bharatiya Vidya Bhavan group of institutions ranks as one of the premier business institutes in the country. Ever since its inauguration in 1981, it has gained constant recognition as one of the top 10 B-schools in the country.
National Institute of Industrial Engineering (NITIE):
NITIE was promoted in 1963 by the Government of India for the creation of skilled professionals. Though it initially had knowledge centers in Delhi, Hyderabad, and Chennai, today it operates out of its Mumbai campus. It is considered to be at par with the IIMS.
Management Development Institute (MDI), Gurgaon:
The Management Development Institute was founded in Gurgaon in 1973 in collaboration with a number of global institutions such as ILO, UNDP, and UNIDO. It is a deemed university and has the right to award doctorates. Numerous education surveys have ranked it as one of the leading B-schools in the country.
Faculty of Management Studies (FMS), Delhi:
FMS in Delhi was founded in the year 1954 and falls under the administration of University of Delhi. It is one of the oldest business schools in the country. FMS also has one of the lowest fees in the country and is regarded as the institute that gives you the best return-on-investment.
Indian Institute of Foreign Trade (IIFT), Delhi:
IIFT in New Delhi was established by the Government of India as an autonomous institute that would help professionalize the foreign trade management in the country and groom experts to analyze and disseminate business data. It has undertaken path breaking research studies over the years with global institutions such as World Bank and WTO.
Institute of Management Technology (IMT), Ghaziabad:
Industrialist was the founder of IMT Ghaziabad in 1980. The educational programs offered by this institute are recognized by the All India Council for Technical Education (AICTE) and Ministry for Human Resource Development, India. It has three other campuses in Hyderabad, Nagpur, and Dubai.
International Management Institute (IMI), New Delhi:
International Management Institute in New Delhi was founded in collaboration with IMI Geneva in 1981 and is one of only five B-schools in the country to be recognized by the Association of MBAs (AMBA). The institute follows international standard of curricula for its programs and regularly features among the top management institutes in the country.
Narsee Monjee Institute of Management Studies (NMIMS):
A private business school that was promoted in 1981 with donation from Narsee Monjee Educational Trust, the institute has been recognized for its contribution towards academics and industry. With campuses in Mumbai, Hyderabad, and Bangalore, it is one of the top-ranked B-schools in India.
Shailesh J Mehta School of Management (SJMSOM), IIT Mumbai:
A constituent institute of IIT Bombay, this institute was established in an aim to promote interdisciplinary learning. It strives to develop professionals who manage various business activities in a dynamic environment where technology is a valuable strategic component and holds the key to success.
Xavier Institute of Management (XIM), Bhubaneshwar:
XIM owes its origin to a social contact between the Orissa Jesuit Society (OJS) and the Orissa Government. Ever since it was born in 1987, the institute has focused on rigorous and quality education, innovation, technology, and academic infrastructure. It aims to continue being the difference to numerous bright minds in the country by offering organizational development and technology-based education.
Department of Management Studies, IIT Delhi:
The management school of IIT Delhi offers two-year full time MBA program and is ranked one of the best B-schools in the country. It has undertaken numerous consultancy projects on behalf of various government departments. The institute offers a comprehensive placement plan for those pursuing their business studies from there.
TA Pai Management Institute, Manipal:
Popularly known as TAPMI, this institute is a prominent B-school in the south Indian state of Karnataka. It was established in 1980 and started offering a two-year fully residential PGDM program in 1984. A separate PGDM Healthcare program has also been started since 2010.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The institute was established in 1965 by the University of Bombay and is supported by the Graduate School of Business, Stanford University. Its objective was to be the pioneer for postgraduate management education in India. The institute ranks among the top 25 business schools in the Asia Pacific.
Symbiosis Institute of Business Management (SIBM), Pune:
SIBM was the first postgraduate institute for business management studies in Pune when it opened in 1978. Today, it is one of the most respected B-schools in the country. SIBM regularly features among the top 25 institutes for business studies in the country.
Institute for Financial Management and Research (IFMR), Chennai:
Promoted as a non-profit organization by a number of major industrial groups IFMR- established in 1970- is recognized by the Department of Scientific and Industrial Research as a social science institute. Graduates from the institute are assured of placement in leading companies with promising career opportunities.
Vinod Gupta School of Management (VGSoM), IIT Kharagpur:
Founded in the year 1993, VGSoM was the first management school to be established within the IIT system. The institute regularly plays host to Management Development Programs and Seminars that cater to the needs of various industries. The prestigious Wall Street journal ranks it as one of the top B-schools in the country.
Alliance Business School, Bangalore:
A private business institute first established in 1996, Alliance School of Business has collaborative arrangements with numerous international universities. There are plenty of study abroad opportunities for the graduates in countries such as France, Germany, Russia, UK, and USA. It offers placement in a number of reputed companies every year.
Birla Institute of Management Technology (BIMTECH), Greater Noida:
A fully residential MBA institute in Greater Noida, BIMTECH offers a highly conducive environment for academics. Not only are there students from all over India, the institute is also a preferred destination for many foreign students as well. It has a long standing belief of preparing global managers with cross-cultural training and this philosophy has now been adopted by business institutes around the world.
Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune:
Established in the year 1993, SCMHRD is a premier institute that specializes in producing quality talent in the fields of infrastructure management, operations, finance, and marketing. Their MBA program is one of the most prestigious ones in the country. The institute also aims to equip students with the latest technical knowhow apart from developing their intellectual capabilities.
FORE School of Management, New Delhi:
FORE, or the Foundation for Organizational Research and Education was established in 1981 as a non-profit institution. It offers a curriculum that is focused on grooming multiple skills in the candidates. The institute has successfully maintained a 100 percent placement record for its students who get job offers in some of the best companies in the country.
KJ Somaiya Institute of Management, Mumbai:
The institute was founded in 1981 with the objective of providing state-of-the-art education in the area of management. With a faculty-student ratio of 1:15, the institute has an ambience that fosters learning and development. It has regularly received A+ accreditation and ranking among the top B-schools in the country. The institute also boasts a remarkable placement record.
PSG Institute of Management, Coimbatore:
Founded in 1995, the PSG Institute of Management in Coimbatore offers Management PG Diploma and Doctoral programs in part-time as well as full-time courses. The courses are affiliated to Anna University in Chennai. It offers placement in reputed companies in India.
Bharathidasan Institute of Management (BIM), Tiruchirapalli:
Established in the year 1984, BIM in Trichy is a self-financed institute affiliated to the Bharathidasan University. It has a partnership with BHEL and is housed on the premises of this Indian PSU company. The institute offers AICTE approved full-time MBA, executive education, and doctoral programs, and boasts a hundred percent placement record.
Kirloskar Institute of Advanced Management Studies (KIAMS):
The Kirloskar group of companies is one of the largest industrial conglomerates in the country, and has been growing and enriching lives for over a century. KIAMS opened as a knowledge hub and training institute in 1991 and in 1995, opened its doors to management studies for all. The institute has campuses in Harihar and Pune.
Institute of Management, NIRMA University:
Founded in the year 1996, the Institute of Management aims to promote excellence in the field of management studies. A two-year full-time MBA course is the flagship program of this institute. It aims to prepare students for meeting the various challenges of a rapidly developing corporate world. This reputed B-school also has a good placement record.
SCMS Cochin School of Business:
It was in the year 1976 that SCMS first blossomed as a temple of learning for students around the country. The institute boasts a unique legacy wherein it supports and develops individuals and their aspirations with a focus on contributing to the general wealth of knowledge in the world. With a diverse student culture at its core, the institute is unlike any other in the country. A good record of placements makes it one of the better management institutes in India.
Goa Institute of Management:
Established in the year 1993, Goa Institute of Management is a premier business institute in the tiny state of Goa. It is an autonomous institute offering various programs in the field of management with all courses offered by the AICTE.
JK Business School, Delhi:
At a time when the corporate world is rapidly changing under the pressure of globalization, JK Business School strives to equip future managers with the necessary skills to meet the demands of an emerging market. The institute boasts a strong faculty base from premier Indian and International institutes who have had considerable exposure to the industry. JK Business School also has an impressive placement record.