List of Top IIMs in India 2024: Check Rankings, Courses, Fees, Placement Details
The top IIMs in India include IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, and IIM Lucknow. These prestigious institutions are world-famous for management education, pedagogy, infrastructure, and placements. Let’s explore the list of top IIMs in India 2024 along with their important details.
The top IIMs in India are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, and IIM Lucknow. Currently, there are a total of 21 IIMs in India, each having its benefits. From a higher return on investment (ROI) to excellent faculty and from impressive infrastructure to exceptional placement offers, IIMs have so much to offer. However, getting admission here requires an individual to put in his blood, sweat, and tears. Not only do they have to score 99-100 percentile in the CAT exam, but also go through a rigorous selection process. If you are an MBA aspirant targeting these institutes, explore the list of best IIMs in India along with the IIM rankings, courses offered, fees, placements, and much more!
Also Read: List of IIIT Colleges in India 2024
Top IIMs in India 2024: Highlights
The IIM colleges in India have been at the forefront of management education in India for decades. Before we move on to more detailed information about them, let's take a look at the major highlights below:
There are a total of 21 IIM campuses around India with IIM Mumbai being the most recent institute to have been added to the list.
Out of the 21 IIMs, 7 feature on the top 10 list of best management institutes according to the NIRF-MHRD ranking.
IIM Ahmedabad, IIM Calcutta, and IIM Bangalore are considered to be among the top 50 management institutes across the world.
Apart from full-time PGP courses, the IIM colleges in India also offer Executive, certificate, and part-time courses in management.
For admission to PGP courses at IIMs in India, the CAT exam is conducted every year by one of the IIMs on a rotational basis.
Also Read:
List of IIM Colleges in India 2024 Based on NIRF Ranking
At present, there are 21 total IIM in India that are functional. Each IIM in India offers a variety of courses to students and follows a rigorous admission process. Check the list of the top IIMs with the IIM rankings of NIRF 2023, 2022 and 2021.
IIM in India | Year of Est. | NIRF Ranking 2023 | NIRF Ranking 2022 | NIRF Ranking 2021 |
1961 | 1 | 1 | 1 | |
1973 | 2 | 2 | 2 | |
1961 | 4 | 3 | 3 | |
1984 | 6 | 6 | 7 | |
1996 | 8 | 7 | 6 | |
1996 | 3 | 5 | 4 | |
2011 | 16 | 22 | 18 | |
2011 | 22 | 18 | 17 | |
2010 | 11 | 14 | 15 | |
2010 | 12 | 16 | 28 | |
2007 | 26 | 26 | 23 | |
2011 | 19 | 23 | 33 | |
2010 | 24 | 15 | 21 | |
2015 | 43 | 43 | 40 | |
2015 | 53 | 73 | NA | |
2015 | 98 | 69 | NA | |
2015 | 51 | 55 | 67 | |
2016 | 41 | 36 | NA | |
2015 | 58 | 66 | 61 | |
2015 | 29 | 33 | NA | |
IIM Mumbai (Formerly NITIE) | 1963 | 7 | 9 | 12 |
Also Read: IIM Cutoff 2023
Top IIM Colleges in India Based on FT Global Rankings 2024
The Financial Times Global MBA Rankings are a highly respected and widely accepted standard for assessing the quality and influence of MBA programs worldwide. These rankings provide an in-depth analysis of the top business schools across the globe, based on a variety of criteria such as research output, career progress, and diversity. Check out the list of top IIMs in India featured on the Financial Times Global MBA Ranking 2024.
Name of the IIM | India Rank | Global Rank |
IIM Ahmedabad | 2 | 41 |
IIM Bangalore | 3 | 47 |
IIM Calcutta | 4 | 67 |
IIM Lucknow | 5 | 85 |
Also Read: Tier 1 Colleges in India 2024
Top IIMs in India 2024: Course Fees, Seats, & Placements
IIM full form is the Indian Institute of Management, the most renowned chain of institutes for management in India. Aspirants who want to pursue an MBA/PGP program can find the IIM rankings along with their seat intake, course fees, and placement statistics below.
IIM Ahmedabad
Out of the total IIM in India, IIM-A or IIM Ahmedabad is the top-ranked institute and is often considered the best IIM in India. According to NIRF rankings 2023 for MBA, it has got the number 1 spot.
Course | Seats | Course Fees | Placement |
PGP in Management | 385 | INR 24.61 Lakh |
|
IIM Bangalore
Indian Institute of Management (IIM) Bangalore has been ranked among the top 50 management institutes in India. It is often considered to be the top IIM in India by many experts. It is ranked second among management institutes by NIRF Rankings 2023.
Course | Seats | Course Fees | Placement |
| 565 | INR 24.50 Lakh |
|
IIM Calcutta
Indian Institute of Management (IIM) has been ranked on spot fourth as per the MHRD-NIRF Rankings 2023. It is one of the best, and also the oldest IIM in India.
Course | Seats | Course Fees | Placement |
Post Graduate Diploma in Management (PGP-PGDM) | 462 | INR 27 Lakh |
|
IIM Kozhikode
Indian Institute of Management (IIM) Kozhikode has been ranked 3rd in the MHRD-NIRF Ranking 2023 and offers various PGP, EPGP, and Fellow programs and is one of the best out of the total IIM in India.
Course | Seats | Course Fees | Placement |
| 525 | INR 20.50 Lakh |
|
IIM Indore
Indian Institute of Management (IIM) has been ranked 8th as per the MHRD-NIRF Rankings 2023. It is known for its best infrastructure, RIO, and quality education out of the total IIM in India.
Course | Seats | Course Fees | Placement |
| 450+150 | INR 21.14 Lakh |
|
IIM Lucknow
Indian Institute of Management (IIM) Lucknow offers several PGP, EPGP, and Fellow programs and has ranked 6th in the MHRD-NIRF Ranking 2023 and is an ideal choice out of the total IIM in India.
Courses | Seats | Course Fees | Placement |
| 490 | INR 20.70 Lakh |
|
IIM Trichy
IIM Trichy offers PGPM and FMP programs and has been ranked 22nd in the MHRD-NIRF ranking 2023. It is often ranked at the top among the total IIM in India.
Courses | Seats | Course Fees | Placement |
| 210 | INR 21 Lakh |
|
IIM Udaipur
Indian Institute of Management (IIM) Udaipur offers entrepreneurship, Executive, and fellow programs and has been ranked 16th as per the MHRD-NIRF Rankings 2023. It is one of the best institutes out of the total IIM in India.
Courses | Seats | Course Fees | Placement |
| 150 | INR 19.00 Lakh | Highest CTC: INR 32.21 LPA Average CTC: INR 21.29 LPA |
IIM Ranchi
IIM Ranchi offers PGDM in Human Resource Management, General Management, FPM, and Executive programs. It has been ranked 24 in the MHRD-NIRF ranking for 2023 and is a popular institute among the total IIM in India.
Courses | Seats | Course Fees | Placement |
| 210+150 | INR 17.50 Lakh |
|
IIM Shillong
IIM Shillong offers PGP, PGPX, and FPM programs. As per the NIRF IIM rankings 2023, it has been ranked 26.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 180 | INR 17.50 Lakh | Highest CTC: INR 71.30 LPA Average CTC: INR 26.96 LPA |
IIM Rohtak
Indian Institute of Management (IIM) Rohtak offers various Executive, Doctoral, and Diploma programs. It has been ranked 12 in the NIRF IIM rankings in 2023 and is a sought-after institute among the total IIM in India.
Courses | Seats | Course Fees | Placement |
| 240+60 | INR 17.60 Lakh | Highest CTC: INR 36 LPA Average CTC: INR 18.73 LPA |
IIM Bodh Gaya
IIM Bodh Gaya was established in 2015 and is one of the newest IIMs in India:
Courses | Seats | Course Fees | Placement |
| 120 | INR 15.50 Lakh |
|
IIM Kashipur
IIM Kashipur offers flagship PGP and FPM programs and has been ranked 19 in the NIRF rankings 2023.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 210 | INR 17.30 Lakh | Highest CTC: INR 37 LPA Average CTC: INR 18.1 LPA |
IIM Amritsar
Indian Institute of Management (IIM) Amritsar has been ranked 51 in the NIRF rankings 2023 and offers only the PGP program.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 240 | INR 16.00 Lakh |
|
IIM Visakhapatnam
IIM Vishakhapatnam offers PGP, PGCEP, and FPM and is one of the most popular IIMs among the total IIM in India.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 120 | INR 17.58 Lakh |
|
IIM Raipur
Indian Institute of Management (IIM) Raipur has been ranked 11 in the NIRF ranking 2023 and offers PGP, FPM, and EFPM programs.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme (PGP) | 210 | INR 16.10 Lakh |
|
IIM Nagpur
IIM Nagpur only offers a PGP program and has been ranked 43 in the NIRF rankings 2023.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 240 | INR 18 lakh | Highest CTC: INR 64.00 LPA Average CTC: INR 16.74 LPA |
IIM Jammu
IIM Jammu is one of the newly established institutes that offers PGP and FPM along with some open programs in Executive Education.
Courses | Seats | Course Fees | Placement |
| 120 | INR 17.15 Lakh |
|
IIM Sambalpur
IIM Sambalpur offers PGP, executive, fellow, and flagship programs.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP) | 120 | INR 13.08 Lakh |
|
IIM Sirmaur
IIM Sirmaur only offers a PGP program and was established in 2015.
Courses | Seats | Course Fees | Placement |
Post Graduate Programme in Management (PGP in Management) | 170 | INR 15.75 Lakh |
|
IIM Mumbai
Indian Institute of Management (IIM) Mumbai was previously known as the National Institute of Industrial Engineering (NITIE) and was established in 1963.
Courses | Seats | Course Fees | Placement |
Master of Business Administration (MBA) | 550 | INR 14.64 Lakh |
|
Note: Aspirants must note that seat availability, course fees, NIRF ranking, and Placement packages at top IIMs in India are subject to change. Every year's figures are changed.
Which is the Best IIM in India?
All of the top IIMs in India out of the 21 IIMs are excellent institutes for pursuing management studies. However, if candidates wish to know which is the best IIM, they will also have to know that this is a subjective question since everyone’s opinion is different. For instance, IIM Calcutta is considered the best because of its top-class alumni network, its credibility, etc. However, as per NIRF ranking 2023, IIM Ahmedabad has always been the top-ranked IIM and also the top-ranked management institute in India. IIM Ahmedabad, along with IIM Calcutta and IIM Bangalore are the only triple-accredited management institutes that are ranked among the top MBA colleges in the world.
IIM MBA Eligibility Criteria
IIMs are among the top-rated business schools in the country, offering a range of management programs to aspiring students. However, the eligibility criteria for admission to IIMs vary depending on the course you wish to apply for. Here are the basic requirements for admission to IIM MBA/PGP courses:
- You must hold a bachelor's degree in any stream from a recognized university. The degree should be of a minimum of three years' duration. If you have completed a professional degree like CA/ICWA/CS, you can also apply for the MBA program.
- You must have obtained a minimum of 50% aggregate marks or equivalent CGPA in your graduation. However, if you belong to the SC, ST, or PwD/DA categories, you can apply with a minimum of 45% aggregate marks.
- If you are in the final year of your bachelor's degree/equivalent qualification exam or awaiting your results, you are also eligible to apply for IIM MBA admission through the CAT exam.
It is essential to note that meeting these eligibility criteria does not guarantee admission to IIMs. You must also clear the CAT exam conducted by the IIMs to be considered for admission. The CAT exam assesses your aptitude and problem-solving skills and consists of three sections - Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Aptitude.
Also Read: IIM Selection Criteria 2024-26
IIM Admission Process
The Indian Institutes of Management have an elaborate admission process to select candidates for their flagship management programs every year. The IIM admission process is conducted through the CAT exam which is conducted by one of the IIMs every year on a rotational basis. Take a look at the IIM admissions process explained in detail below.
Applying & Qualifying for CAT
The first step in the IIM admission process is applying for the CAT exam. While filling out the CAT application form, choose the preferred IIMs you wish to take admission to. Perform well in the exam so that you can meet the required CAT cutoff set by your preferred IIMs, to get selected for the next round of the IIM admission process.
Appearing for GD/PI/WAT Rounds
Next, you'll be called for Group Discussions, Personal Interviews, and Written Ability Tests based on your CAT score, academic record, work experience (if applicable), etc. Perform well in all these selection rounds to secure admission to your choice of management courses offered at IIMs.
Final Selection Based on Composite Score
After the GD/PI/WAT rounds of the IIM admission process, a final composite score is created for each candidate based on which they are offered admission to the flagship management programs at IIM colleges in India. The factors taken into consideration for the final composite score calculation are:
Composite Score Parameters | Weightage |
CAT Scores | 25% |
Group Discussion (GD)/ Personal Interview (PI) | 30% |
Written Ability Test (WAT) | 10% |
Class 10 Academic Records | 10% |
Class 12 Marks Academic Records | 5% |
Graduation Academic Records | 10% |
Weighted Work Experience | 10% |
Total | 100% |
Also Read: Distance MBA from IIMs
Not all courses offered at top IIMs in India are for regular graduates. Many IIMs out of the total IIMs in India also offer part-time courses catered to working individuals who wish to add an IIM degree to their portfolio but can’t afford to quit their jobs in pursuit of a managerial degree.
So, if you are keen to make it to the IIM colleges in India, a six-month preparation time for CAT is ideal. Not only will you have to clear the CAT exam with a good percentile, but you will also need to excel in the other stages of admissions based on the CAT exam at the Indian Institutes of Management.
Related Links:
If you have any queries regarding admissions and entrance exams, you can post your questions on the Q&A Section. For admission-related assistance, fill out our Common Application Form. Stay tuned with us for more updates related to MBA colleges and admission in India.
Get Help From Our Expert Counsellors
FAQs
Which is the worst IIM in India?
The worst IIM in India based on NIRF ranking 2023 is IIM Sirmaur. IIM Sirmaur was ranked 98th by NIRF among management institutes across India. Although IIM Sirmaur ranks very low among other B-schools, it is still a good place to pursue an MBA degree in comparison to other Tier 2 or Tier 3 colleges.
What are baby IIMs?
Baby IIMs are IIM colleges that are relatively newer as compared to other IIM campuses which have been offering top-notch management education for quite a long time. The baby IIMs include IIM Amritsar, IIM Bodh Gaya, IIM Kashipur, IIM Trichy, IIM Nagpur, IIM Sambalpur, IIM Sirmaur, IIM Visakhapatnam and IIM Jammu. The admission process for baby IIMs is also different from other IIMs since baby IIMs participate in the Common Admission Process.
Which IIM is the toughest?
The toughest IIM to secure admission at is IIM Ahmedabad, followed by IIM Calcutta then Bangalore and Lucknow. Since IIM Ahmedabad is widely considered the best management institute in India and has been ranked number one among B-schools, the level of competition for admission at IIM Ahmedabad is tremendous. This has led to the selection process for IIM Ahmedabad’s PGP course becoming extremely tough to only let the best candidates pursue their management courses.
Which IIM has the lowest fees?
Out of all the 21 IIMs, IIM Sambalpur has the lowest course fees for its PGP management program. The total course fees for IIM Sambalpur is INR 13.04 lakhs. Typically, the IIM MBA course fees range from 17 lakhs to 20 lakhs for other campuses. Aspirants must however check the official website of all the IIMs to check any changes in the Course fee structure before applying for admission.
Can I get into IIM with poor academics?
Yes, candidates with poor academic records also have a fair chance of securing admission into IIMs. Many aspirants wish to know how to get admission into IIM with weak academics, the answer to that is compensating for weak academic credentials with other areas. If a candidate has not performed well in their Class 10, 12, or Bachelor’s degree course, they must make up for the same with extracurricular activities, skills, achievements, etc. in order to secure admission to IIMs.
Is IIM better than IIT?
Yes, IIMs are better than IITs in terms of management education. Both IIMs and IITs are top tier colleges in their own right, however, the Indian Institutes of Management are Tier-1 colleges that provide flagship management programs to aspirants. Colleges like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta are renowned for their quality of education not just in India but across the world.
Is it hard to get into IIMs?
Yes, it is hard to get into IIMs and pursue the flagship programs in management offered by the institutes. Due to the enormous demand for admission at IIMs, the standard that aspirants must meet to be selected for admission is sky-high at IIMs. It is not uncommon for many students to feel stressed under the admission requirements for IIMs. The institutes only accept the cream of the nation, while ensuring their endurance towards educational excellence.
What are the top three IIMs in India?
The top three IIMs in India are IIM Ahmedabad, IIM Bangalore, and IIM Kozhikode. The three institutes have been ranked by the NIRF 2023 as the top three IIM colleges in India. IIM Ahmedabad has been ranked as the best IIM in India, followed by Bangalore and Kozhikode.
Which are the top 5 IIMs?
The top 5 IIMs as per NIRF ranking 2023 are:
- IIM Ahmedabad
- IIM Bangalore
- IIM Kozhikode
- IIM Calcutta, and
- IIM Lucknow.
Are IIMs public or private?
The IIMs are public institutions under the control of the central government of India. The Ministry of Education is the governing department of these institutes. While the administrative decisions of each of the institutes have been left to themselves, the overall structure and functioning cannot falter or abhor the department’s design.