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Outlook-ICARE MBA Rankings- What Are The Top Private MBA Institutes?

Soham RoyUpdated On: July 15, 2022 01:28 pm IST

The much anticipated Outlook-ICARE MBA Rankings 2020 have been published. Here are the finest MBA institutions according to the rankings!

Outlook-ICARE MBA Rankings

The prestigious Outlook-ICARE MBA Rankings 2020 have been published on the official Outlook website. The best 150 private MBA colleges of India are listed in the rankings. The survey is a true reflection and an outcome-based evaluation that relies on extensive industry insights and is supported by solid research. With an astounding aggregate score of 87.16, Xavier School of Management (XLRI) Jamshedpur won first place this year.

The second place was secured by the S. P. Jain Institute of Management & Research with an aggregate score of 81.01. It's followed closely by the Management Development Institute, Gurgaon with a score of 79.24 in the third position. The other top-notch MBA institutes in India also found their places in the rankings such as Birla Institute of Technology and Science (BITS) Pilani (at rank 10), Delhi Institute of Advanced Studies (at rank 75), and much more.

Outlook-ICARE MBA Rankings 2020: Methodology

The rankings' aim is to create a comprehensive framework for evaluating colleges in India that offer MBA and comparable management degrees based on employability-oriented criteria which is relevant globally. Faculty-Student Ratio (FSR) also plays an important role here along with Research Productivity & Quality, Gender Diversity, Faculty Experience, Regional Diversity, Median Salary, and much more.

The rankings can be classified under three broad categories:

  • Figures for all parameter heads are given for the top 25 public and top 75 private institutes,
  • Only the total score is given for 76-125 private universities, and
  • The public universities in the range of 26-30 and private universities in the range of 126-150 mostly have similar scores and thus the overall score has been avoided for them. Also, there are institutions for which no scores have been awarded and they are arranged in proper alphabetical order.

Outlook i-Care MBA Rankings 2020: Top MBA Colleges in India

Given below is the list of best MBA colleges in India as per their Outlook MBA rankings 2020.


Name Of The Institutes

FSR, Research Score

Employability & Faculty Quality 

Overall score


XLRI Xavier School of Management, Jamshedpur

100 & 55.09

94.74 & 85.50



S. P. Jain Institute of Management & Research, Mumbai

100 & 53.08

81.63 & 83.01



Management Development Institute, Gurgaon

100 & 49.33

77.81 & 87.30



SVKM's Narsee Monjee Institute of Management Studies, Mumbai

100 & 36.33

78.43 & 81.23



Great Lakes Institute of Management, Chennai

100 & 23.43

79.02 & 80.23



Birla Institute of Technology and Science, Pilani

100 & 8.93

76.56 & 68.76



Xavier Institute of Management Bhubaneswar

60.54 & 2.09

78.70 & 63.75



Birla Institute of Technology, Ranchi

100 & 0.67

61.49 & 44.91



Principal L. N. Welingkar Institute of Management Development & Research, Mumbai

95.17 & 0.18

37.96 & 24.86



Rajagiri Centre For Business Studies, Kochi

96.10 & 0.21

32.04 & 13.39



Thiagarajar School of Management, Madurai

95.89 & 0.40

22.60 & 14.06



JSS Academy of Higher Education & Research, Mysore

86.71 & 0.08

12.10 & 14.18



N. L. Dalmia Institute of Management Studies and Research, Mumbai





The Shanmugha Arts, Science, Technology & Research Academy (SASTRA), Thanjavur





CMR University, Bengaluru





Vignana Jyothi Institute of Management, Hyderabad





GD Goenka University, Gurgaon




126- 150.

NIMS University, Jaipur




126- 150.

Universal Business School, Mumbai




126- 150.

International School of Business and Media (ISB&M), Pune





The Northcap University, Gurgaon





NIIT University, Neemrana





Jaipuria Institute of Management, Indore

100 & 0.18

38.92 & 24.89


Closing Note

When there are hundreds of MBA colleges and MBA programs to choose from and the number is ever-increasing, the Outlook-ICARE MBA Rankings might assist you in deciding the best MBA college to enrol in. Even though there are scores of B-school rankings in India, the ranking's credibility and track record are the most significant factors to consider while seeking accurate advice. For more updates, stay tuned with us!

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