National Institutional Ranking Framework is a ranking methodology released annually by the Ministry of Education, Government of India, designed to rank the higher education institutions of India. The vision behind this ranking scheme is, as expressed by the Hon’ble Education Minister, “Knowing the quality, performance and strengths of an academic institution is a right of students and parents”. NIRF launched in November 2015 by the Ministry of Education was used for this edition as well as for the previous eight editions of India Rankings released for the years 2016 to 2023. Below is the list of NIRF’s top 10 management colleges.Indian Institute of Management Ahmedabad: Established in 1961, IIM Ahmedabad is renowned for its rigorous academic curriculum and distinguished faculty. Promoting excellence in scholarship by encouraging high-quality research, distinctive and effective teaching, and meaningful contributions to knowledge creation in a variety of disciplines. The institute offers a variety of management programs and has a strong network of alumni in leadership positions globally. The average salary for the 2023 batch was ₹32.80 lakh per annum (LPA). Click here to know more about IIMA. Indian Institute of Management Bangalore: One of the leading Business schools of India, located in India’s high technology capital, it is also an Institute of National Importance. Founded in 1973, IIM Bangalore is known for its vibrant campus life and emphasis on innovation and entrepreneurship. The institute offers a range of postgraduate and doctoral programs in management. In 2023, the average salary stood at ₹35.31 LPA.Click here to know more about IIM Bangalore. Indian Institute of Management Kozhikode: Established in 1996, IIM Kozhikode is situated in Kerala and is recognized for its picturesque campus and focus on diversity and inclusion. The institute offers a variety of management programs and has seen significant growth over the years. The average salary for the 2023 batch was ₹31.02 LPA.Click here to know more about IIM Kozhikode. Kochi Campus- click hereIndian Institute of Technology Delhi (Department of Management Studies): IIT Delhi's Department of Management Studies offers MBA programs that integrate technology and management. The department benefits from IIT Delhi's strong technical foundation and industry connections. In 2023, the average salary was ₹25.82 LPA.Click here to know more about IIT Delhi. Indian Institute of Management Calcutta: Established in 1961, IIM Calcutta is the first IIM in India and is known for its strong finance and analytics programs. The institute has a rich legacy and a vast alumni network. The average salary for the 2023 batch was ₹35.07 LPA.Click here to know more about IIM Calcutta. Indian Institute of Management Mumbai: Indian Institute of Management (IIM) Mumbai, formerly known as NITIE, is a premier business school specializing in management and operational research. The institute offers top-tier education and industry-relevant programs. In placements, the highest package for 2025 reached ₹54 LPA, with leading recruiters from consulting, IT, and FMCG sectors.Indian Institute of Management Lucknow: Founded in 1984, IIM Lucknow is known for its emphasis on research and development in management studies. The institute offers a range of programs and has a strong placement record. In 2023, the average salary was ₹32.20 LPA.Click here to know more about IIM Lucknow. Indian Institute of Management Indore: Established in 1996, IIM Indore is known for its innovative teaching methods and diverse programs, including a five-year integrated management program. The institute has a sprawling campus and a growing alumni network. The average salary for the 2023 batch was ₹30.21 LPA.Click here to know more about IIM Indore. XLRI Jamshedpur: Founded in 1949, XLRI is one of the oldest management institutes in India, known for its human resources program. The institute emphasizes ethical and value-based education. In 2023, the average salary was ₹32.70 LPA.Click here to know more about XLRI Jamshedpur. Indian Institute of Technology Bombay (Shailesh J. Mehta School of Management): IIT Bombay's management school offers MBA programs that blend management with technology. The institute leverages IIT Bombay's strong engineering departments and industry ties. The average salary for the 2023 batch was ₹28.88 LPA.Click here to know more about IIT Bombay.
