IIRF Ranking 2024: Top 10 Private Business Schools in India to look out for

Feb 5, 2024



IIRF Business School Ranking 2024: The Indian Institutional Ranking Framework (IIRF) has released the rankings of business schools in country for the year 2024. Out of the over 300 management institutes that were evaluated, 50 government and 160 private management institutes have been ranked, according to the list.
The IIRF takes into account several categories for determining the overall ranking of government or private institutions.The evaluation consists of seven key parameters: placement performance, teaching learning resources and pedagogy, research, industry income and integration, placement strategy and support, future orientation, and external perception and international outlook (EPIO).
Here are 10 private B-schools in India that a management aspirant should look out for.
Rank 1: XLRI-Xavier Labour Relations Institute, Jamshedpur
XLRI, one of India’s oldest and most prestigious business schools, located in the steel city, is well-known for its dedication to business excellence and quality education. As a signatory to the PRME (Principles for Responsible Management Education), XLRI participates in a variety of social initiatives that prioritise sustainability. The institute provides a two-year MBA programme (including PGDBM and PGDHRM), a 15-month General Management Programme, and a doctoral fellowship programme (FPM). XLRI also offers short-term management development programmes and virtual programmes.
External Perception and International Outlook (EPIO) – 127.14
Rank 2: MDI-Management Development Institute, Gurgaon
Management Development Institute (MDI) is regarded as one of India’s leading business schools, attracting talent from all over the country due to its emphasis on providing high-quality professional education.
The institute stays true to its vision and upholds an educational standard that aligns with its objectives with its range of offerings, which include the Post Graduate Diploma in Management and specialised programmes.
External Perception and International Outlook (EPIO) – 121.42
Rank 3: SPJIMR-S P Jain Institute of Management & Research, Mumbai
The S P Jain Institute of Management and Research (SPJIMR) at Bharatiya Vidya Bhavan is a distinguished establishment that is well-known for its steadfast dedication to providing top-notch education. Reliably ranking in the top ten management institutes in India, SPJIMR, which is associated with Bharatiya Vidya Bhavan, functions independently and exhibits entrepreneurial agility in its methodology.
External Perception and International Outlook (EPIO) – 120.99
Rank 4: SIBM-Symbiosis Institute of Business Management, Pune
Established in 1978 as an integral part of Symbiosis International (Deemed) University, SIBM Pune is a distinguished business school in India. Recognized for exceptional faculty, course facilities, societal contributions, and notable rankings, it has earned a ‘Gold’ Star from QS Star University Rating 2018.
External Perception and International Outlook (EPIO) – 122.57
Rank 5: SCMHRD-Symbiosis Centre For Management & Human Resource Development, Pune
SCMHRD is renowned for cultivating skilled professionals in HR, Marketing, Finance, Operations, Infrastructure Development, Management, and Business Analytics. Emphasizing experiential and practical learning, the institute offers programs like MBA, MBA (IDM), MBA (BA), and MBA (Executive).
External Perception and International Outlook (EPIO) – 121.14
Rank 6: XIMB-Xavier Institute of Management, XIM University, Bhubaneswar
XIMB distinguishes itself by prioritizing inclusive growth and holistic student development. Engaging in regular research collaborations with state government departments, it operates as the Centre of Excellence in Fiscal Policy and Taxation (CEFT).
External Perception and International Outlook (EPIO) – 123.99
Rank 7: NMIMS School of Business Management, Mumbai
NMIMS, a premier business school in India, is a leading Deemed University situated in Maharashtra’s capital. With campuses in Shirpur, Bangalore, Hyderabad, Indore, and Navi Mumbai, NMIMS is recognized for its excellence in business education.
External Perception and International Outlook (EPIO) – 124.28
Rank 8: IMI-International Management Institute, New Delhi
Founded by corporate leader Sanjiv Goenka, IMI New Delhi offers postgraduate diplomas in management, including specializations in Human Resource Management (PGDM-HRM) and Banking and Financial Services (PGDM-B&FS).
External Perception and International Outlook (EPIO) – 128.85
Rank 9: MICA-Mudra Institute of Communications, Ahmedabad
MICA specializes in postgraduate certificate programs in strategic communication and marketing, available as residential or online courses. The institute also provides a doctoral-level fellow program.
External Perception and International Outlook (EPIO) – 122.14
Rank 10: IMT-Institute of Management Technology, Ghaziabad
IMT Ghaziabad, among the top private business schools, holds AICTE approval and offers postgraduate diploma and executive education programs in management.
External Perception and International Outlook (EPIO) – 122.85
What is the The IIRF rankings’ External Perception & International Outlook (EPIO)?
The EPIO ranks makes measure evaluates how well-regarded educational institutions—particularly business schools—are on a national and international level. It takes into account things like the standing of the industry, the accomplishments of former students, academic prestige, worldwide connections, faculty diversity, student reach, and international recognition. An impressive alumni record, strong industry standing, and widespread recognition are all indicated by a high EPIO score.



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