Kartikay Sharma
Content Creator
IIMs are considered as the most renowned management institutions in India. The IIM network, which was founded in 1961, now consists of 21 branches located all over India, providing top-notch management studies and job opportunities. IIM-Ahmedabad, IIM-Bangalore, IIM-Calcutta and IIM-Kozhikode have retained their positions as the top-rated IIMs in India i n the NIRF rankings 2025. Renowned for their superior academics, faculty expertise, industry relations, and placements, IIMs are still the top option for those pursuing an MBA degree. But getting an admission in any of the IIMs is tough and a decent CAT score is required. This article features the complete list of Indian IIMs including their rankings, fees, admissions and more.
Indian Institutes of Management, commonly referred to as IIMs, are renowned for being the best institutions of management in India because of the excellence they have exhibited in academics and the placements record. The IIMs have different campuses located across India offering various master’s, executive, and PhD programs geared towards grooming individuals in terms of leadership in business management. Before examining specific ranking information about each IIM, below is a brief overview of the best IIMs in India.
Particulars | Details |
Total Number of IIMs in India | 21 |
Latest IIM | IIM Mumbai |
Top Ranked IIMs | IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode |
Ranking Recognition | 7 IIMs feature among India's top 10 management institutes as per NIRF |
Popular Programmes | MBA/PGP, Executive MBA, Certificate Courses, Fellow Programmes |
Admission Process | CAT Exam followed by WAT/GD-PI rounds |
Average MBA Fees | INR 20–25 Lakh (Top IIMs) |
CAT Cut-off Range | Generally 98–99+ Percentile for top IIMs |
Major Specialisations | Finance, Marketing, HRM, Operations, IT, Analytics, Healthcare, Agribusiness |
Placement Highlights | Highest packages often exceed INR 1 Crore; strong domestic and international placements |
Global Recognition | Leading IIMs are ranked among the world's top management institutes |
Career Opportunities | Consulting, Finance, Product Management, Marketing, Analytics, General Management |
The rankings of IIMs generally depend upon the NIRF rankings released annually by the Ministry of Education. IIM Ahmedabad has retained its status as the best among all IIMs in the country, being ranked first for three consecutive years now. Other best IIMs in the country are IIM Bangalore, IIM Kozhikode, and IIM Calcutta. Here is a list of top-ranked IIMs in the country based on their NIRF rankings of 2025 (2026 rankings have not been released):
Name of IIM | NIRF Ranking 2025 |
IIM Ahmedabad | 1 |
IIM Bangalore | 2 |
IIM Kozhikode | 3 |
IIM Lucknow | 5 |
IIM Mumbai | 6 |
IIM Calcutta | 7 |
IIM Indore | 8 |
IIM Raipur | 15 |
IIM Trichy | 16 |
IIM Ranchi | 18 |
IIM Rohtak | 19 |
IIM Udaipur | 21 |
IIM Kashipur | 23 |
IIM Nagpur | 25 |
IIM Visakhapatnam | 29 |
IIM Bodh Gaya | 31 |
IIM Sambalpur | 34 |
IIM Jammu | 35 |
IIM Shillong | 38 |
IIM Sirmaur | 51 |
The National Institutional Ranking Framework (NIRF) releases ranking every year to rate the management institutes in India through various factors such as faculty strength, research publications, alumni placement, and industrial relevance. For years, some of the most successful IIMs include Ahmedabad, Bangalore, Calcutta, and Kozhikode, which regularly get high ranks due to their excellence in academics and placements. The following table shows the ranking of the top 10 IIMs in India during 2024, 2023, and 2022.
Name of IIM | Year of Est. | NIRF Ranking 2024 | NIRF Ranking 2023 | NIRF Ranking 2022 |
IIM Ahmedabad | 1961 | 1 | 1 | 1 |
IIM Bangalore | 1973 | 2 | 2 | 2 |
IIM Kozhikode | 1996 | 3 | 3 | 5 |
IIM Lucknow | 1963 | 6 | 6 | 6 |
IIM Mumbai | 1984 | 7 | 7 | 9 |
IIM Calcutta | 1996 | 8 | 4 | 3 |
IIM Indore | 2010 | 12 | 8 | 7 |
IIM Raipur | 2010 | 14 | 11 | 14 |
IIM Ranchi | 2010 | 17 | 24 | 15 |
IIM Trichy | 2010 | 27 | 22 | 18 |
Return on Investment (ROI) is an important factor for MBA aspirants when choosing a management institute. It helps compare the cost of pursuing an MBA with the placement opportunities and salary packages offered after graduation. While some IIMs have higher fee structures, their strong placement records often result in excellent career outcomes. The table below highlights the top 10 IIMs in India based on ROI, considering factors such as MBA fees, average placement packages, and overall career prospects.
Rank (ROI) | IIM | Approx Total Fees (₹ Lakhs) | Avg CTC (₹ LPA) | ROI Ratio (CTC ÷ Fees) | Key Strength |
1 | IIM Ahmedabad | 25 | 35–38 | 1.5 | Best consulting roles, global reputation |
2 | IIM Bangalore | 25 | 34–36 | 1.4–1.5 | Strong in consulting & product roles |
3 | IIM Calcutta | 25 | 35–37 | 1.5 | Finance & trading dominance |
4 | IIM Lucknow | 21 | 30–32 | 1.4–1.5 | Balanced roles across domains |
5 | IIM Kozhikode | 22 | 30–31 | 1.3–1.4 | Analytics & consulting growth |
6 | IIM Indore | 21 | 27–30 | 1.3–1.4 | Strong corporate roles |
7 | IIM Shillong | 19 | 26–28 | 1.3–1.4 | Sustainability & niche roles |
8 | IIM Udaipur | 20 | 20–22 | 1.0–1.1 | Rapidly rising B-school |
9 | IIM Trichy | 19 | 19–21 | 1.0–1.1 | Good for operations & analytics |
10 | IIM Raipur | 18 | 18–20 | 1.0–1.1 | Emerging roles & decent ROI |
The Financial Times releases Global Rankings of MBA colleges all around the globe every year. It is well known that the FT Global Ranking provides a benchmark to identify the top-class universities providing high-quality MBA courses and other related features. FT Global Rankings 2025 have recently been published. The following table gives a list of IIM colleges in India included in the ranking:
Name of the IIM | FT Global Rank |
IIM Ahmedabad | 31 |
IIM Bangalore | 57 |
IIM Calcutta | 61 |
IIM Indore | 69 |
IIM Lucknow | 71 |
IIM Kozhikode | 86 |
The full form of IIM is Indian Institute of Management, which is the highest-ranked chain of management institutions in India. In case you are considering doing an MBA or PGP course, here is a summary of IIM rankings, admission criteria, fees, and placements that will help you:
Name of the Institute | Seats | Courses Offered | Course Fees | 2025 Placement Record | Expected CAT 2026 Cutoff |
IIM Ahmedabad | 408 | Post Graduate Programme in Management (PGP), Fellow Programme in Management (FPM), Executive Post Graduate Programme in Management (EPGP) / PGPX, Armed Forces Programme in Business Management (AFP), ePost Graduate Programme (ePGP), Post Graduate Programme in Food and Agri-business Management (PGP-FABM), Faculty Development Programme (FDP) | PGP: INR 26 Lakh | Highest CTC: INR 1.46 crore per annum; Average CTC: INR 34.45 LPA | 94–100 Percentile |
IIM Bangalore | 530 | Post Graduate Programme in Management (PGP), Fellow Programme in Management (FPM), Executive Post Graduate Programme in Management (EPGP) / PGPX, Post-Graduate Programme in Public Policy and Management (PGPPM), Post-Graduate Programme in Enterprise Management (PGPEM) | PGP: INR 33.71 Lakh | Highest CTC: INR 1.15 crore per annum; Average CTC: INR 35.3 LPA | 94–100 Percentile |
IIM Calcutta | 480 | Post Graduate Programme in Management (PGP), Fellow Programme in Management (FPM), Post Graduate Programme in Management for Executives (PGPEX), PGPEX-VLM, CEMS MIM: Master's in International Management, Post Graduate Diploma in Business Analytics (PGDBA) | PGP: INR 33.5 Lakh | Highest CTC: INR 1.15 crore per annum; Average CTC: INR 35.07 LPA | 94–100 Percentile |
IIM Lucknow | 566 | Post Graduate Programme in Management (PGP), PGP in Agribusiness Management, PGP in Sustainable Management, Executive Fellow Programme in Management (EFPM), Fellow Programme in Management (FPM), Post-Graduate Programme for Working Executives (WPM), IPMX | PGP: INR 19.25 Lakh | Highest CTC: INR 65 LPA; Average CTC: INR 30 LPA | 91–99.5 Percentile |
IIM Indore | 487 | Post Graduate Programme in Management (PGP), Integrated Programme in Management (IPM), Post Graduate Programme in Human Resource Management (PGP-HRM), Executive Post Graduate Programme in Management (EPGP), Fellow Programme in Management (FPM), PGPMX (Mumbai) | PGP: INR 17.30 Lakh | Highest CTC: INR 1.14 crore per annum; Average CTC: INR 30.21 LPA | 91–99.5 Percentile |
IIM Kozhikode | 484 | Post Graduate Programme in Management (PGP), Management Development Programme (MDP), Faculty Development Programme (FDP), Executive Post Graduate Programme in Management (EPGP), Post Graduate Programme in Business Leadership (PGP-BL), Fellow Programme in Management (FPM) | PGP: INR 22.5 Lakh | Highest CTC: INR 67.02 LPA; Average CTC: INR 31.02 LPA | 91–99.5 Percentile |
IIM Amritsar | 334 | Post Graduate Programme in Management (PGP) | INR 10.75 Lakh | Highest CTC: INR 36.25 LPA; Average CTC: INR 16.51 LPA | 95+ Percentile |
IIM Nagpur | 267 | Post Graduate Programme in Management (PGP) | INR 21.5 Lakh | Highest CTC: INR 64 LPA; Average CTC: INR 16.74 LPA | 95+ Percentile |
IIM Trichy | 378 | Post Graduate Programme in Management (PGPM), Post Graduate Programme in Business Management (PGPBM), Fellow Programme in Management (FPM) | INR 19.5 Lakh | Highest CTC: INR 41.61 LPA; Average CTC: INR 20.55 LPA | 95+ Percentile |
IIM Ranchi | 246 | Post Graduate Diploma in Management, Post Graduate Diploma in Human Resource Management, Post Graduate Programme in Enterprise Management, Integrated Programme in Management, Fellow Programme in Management (FPM), Post Graduate Programme for Executives (PGEXP), Post-Graduate Programme in Enterprise Management (PGPEM), Certificate Program in General Management (CPGM) | PGP: INR 19.2 Lakh | Highest CTC: INR 67 LPA; Average CTC: INR 35.5 LPA | 95+ Percentile |
All the IIMs located in India are outstanding organizations for studying management. W hen it comes to picking the best one among all the IIMs, it is necessary to understand that the choice will vary depending on what a person values and his or her perspective. For instance, IIM Calcutta is considered an organization with great connections and good standing in society, whereas IIM Bangalore is famous due to its leadership and consulting services. Regardless, as far as the ranking of IIMs is concerned, according to the official list provided by IIMs, IIM Ahmedabad has been occupying first place for quite a long time. Therefore, it can be argued that IIM Ahmedabad is the best IIM and the most prestigious management organization not only in India but around the world.
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