Top MiM Colleges in India – QS and FT MiM rankings
In this article, we have compiled the rankings of MIM Colleges In India from two significant sources: the Financial Times and the QS MBA Rankings. But before we delve into that, we first need to understand the differences between an MBA and a MiM.
In India, the Master in Management (MIM) and the Master of Business Administration (MBA) are often viewed as similar degrees, primarily due to their overlapping focus on business principles and management skills.
Both programs aim to equip students with the knowledge and competencies needed to excel in the corporate world. However, the MIM typically attracts younger graduates or those with less work experience, while the MBA is more suited for individuals with professional backgrounds. Despite these differences, the core curriculum elements, such as finance, marketing, and strategic management, make them comparable in the eyes of many employers and institutions. As a result, both degrees are respected and can lead to promising career opportunities in various fields.
One thing that we’d like to emphasise is that, in India, there is no separate MiM degree. Students with less to no experience are clubbed together in the same MBA or PGDM degree as those with more experience. The QS and FT MiM rankings, therefore, rank only the MBA degrees of Indian colleges, albeit from a different perspective.
Top MIM Colleges in India: Overall (Financial Times 2024 Ranking)
The table is based on information from two surveys: The first is completed by the business schools, and the second is completed by alumni who finished their MiM in 2021.
The Financial Times (FT) typically requires a minimum response rate of 20 percent from alumni, with at least 20 completed surveys from any school wishing to be considered for its ranking. Due to the pandemic, the FT accepted schools with lower response rates this year. Approximately 9,338 alumni completed the survey, resulting in a response rate of about 31 percent. Financial Times places the most weight on categories reported by the alumni survey – as mucha as 56% of the scores are attributed to the alumni survey. For a more detailed outlook on the ranking methodology and the weightage assigned to each criteria for the FT MiM rankings, refer to the list below:
- Weighted salary – 16%
- Salary percentage increase – 10%
- Value for money rank – 6%
- Career progress rank – 6%
- Aims achieved – 5%
- Careers service rank – 4%
- Alumni network rank – 3%
- Employed at three months – 5%
- Female faculty – 5%
- Female students – 5%
- Women on board – 1%
- International faculty – 5%
- International students – 5%
- International board – 1%
- International work mobility rank – 6%
- International course experience rank – 6%
- Faculty with doctorates – 4%
- ESG and net zero teaching rank – 3%
- Carbon footprint rank – 4%
| India Rank | University Name | Global Rank |
| 1 | SP Jain Institute of Management & Research (SPJIMR) | 35 |
| 2 | IIM Ahmedabad | 39 |
| 3 | IIM Bangalore | 41 |
| 4 | IIM Lucknow | 55 |
| 5 | IIM Calcutta | 56 |
| 6 | XLRI Jamshedpur | 65 |
| 7 | IIM Kozhikode | 68 |
| 8 | SCMHRD | 76 |
| 9 | IIM Udaipur | 81 |
| 10 | IIM Indore | 83 |
| 11 | MDI Gurgaon | 85 |
| 12 | IMI Delhi | 86 |
| 13 | NMIMS | 94 |
| 14 | IMT Ghaziabad | 97 |
Top MIM Colleges in India: Career Progress (Financial Times 2024 Ranking)
The career progress rank is determined by how much alumni have advanced in their job roles and the size of the companies they have been working for since completing the course.
The following table showcases Indian universities and their India as well as Global rankings:
| India Rank | University Name | Global Rank ( Career Progress Rank) |
| 1 | SCMHRD | 15 |
| 2 | NMIMS Mumbai, School of Business Management | 18 |
| 3 | XLRI — Xavier School of Management | 19 |
| 4 | Indian Institute of Management Indore | 24 |
| 5 | SP Jain Institute of Management & Research (SPJIMR) | 27 |
| 6 | International Management Institute New Delhi | 31 |
| 7 | Indian Institute of Management Udaipur | 32 |
| 8 | Indian Institute of Management Ahmedabad | 37 |
| 9 | Management Development Institute Gurgaon | 38 |
| 10 | Institute of Management Technology, Ghaziabad | 41 |
| 11 | Indian Institute of Management Lucknow | 42 |
| 12 | Indian Institute of Management Kozhikode | 48 |
| 13 | Indian Institute of Management Calcutta | 63 |
| 14 | Indian Institute of Management Bangalore | 72 |
Read More: Top MBA Colleges in India – Complete List of the Best MBA Colleges in India
Top MIM Colleges in India: Weighted salary (Financial Times 2024 Ranking)
The weighted salary is the average graduate salary three years after course completion, adjusted for salary variations between sectors, in terms of US$ purchasing power parity.
According to the Financial Times, the following are the universities’ names and their respective weighted salaries. The table below provides in-depth details. It showcases how IIMs such as Ahmedabad, Bangalore, and Calcutta, among other institutions, help candidates get suitable salary packages based on their hard work and support from the institute.
| India Rank | University Name | Weighted salary (US$) |
| 1 | Indian Institute of Management Ahmedabad | 156,010 |
| 2 | Indian Institute of Management Bangalore | 152,765 |
| 3 | Indian Institute of Management Calcutta | 144,385 |
| 4 | Indian Institute of Management Lucknow | 137,433 |
| 5 | XLRI- Xavier School of Management | 136,311 |
| 6 | S P Jain Institute of Management & Research (SPJIMR) | 134,029 |
| 7 | Indian Institute of Management Kozhikode | 117,066 |
| 8 | Management Development Institute Gurgaon | 116,598 |
| 9 | Indian Institute of Management Indore | 107,483 |
| 10 | NMIMS Mumbai, School of Business Management | 101,200 |
| 11 | SCMHRD | 93,756 |
| 12 | Indian Institute of Management Udaipur | 90,714 |
| 13 | Institute of Management Technology, Ghaziabad | 83,516 |
| 14 | International Management Institute New Delhi | 74,836 |
Top MIM Colleges in India: Overall (QS Ranking 2025)
The QS rankings are developed using a methodology that takes into account important factors like student experience, university collaborations, research efforts, and faculty qualifications. All the data used comes from high-quality research and innovative analysis methods. These rankings give a thorough assessment of essential aspects of higher education institutions, helping prospective students find the best fit for their educational journey.
The QS MiM rankings place a greater focus on Employability, Value for Money, and Thought Leadership. Here is their score matrix:
- Employability – 35%
- Alumni Outcomes – 15%
- Value for Money – 20%
- Thought Leadership – 20%
- Class & Faculty Diversity – 10%
The following table provides the information on MiM rankings provided by QS:
| India Rank | University Name | Global Rank |
| 1 | Indian Institute of Management Bangalore | 32 |
| 2 | IIM Calcutta | 48 |
| 3 | IIM Ahmedabad | 56 |
| 4 | Indian Institute of Management Lucknow | 111-120 |
| 5 | S. P. Jain Institute Of Management And Research | 141-150 |
| 6 | XLRI- Xavier School of Management | 141-150 |
| 7 | Great Lakes Institute of Management Chennai | 151+ |
| 8 | Indian Institute of Management (IIM) – Kozhikode | 151+ |
| 9 | Indian Institute of Management Indore | 151+ |
| 10 | Indian Institute of Management Udaipur | 151+ |
| 11 | Indian Institute of Management, Rohtak | 151+ |
| 12 | Institute Of Management Technology, Ghaziabad | 151+ |
| 13 | International Management Institute – Delhi | 151+ |
| 14 | International Management Institute- Bhubaneswar | 151+ |
| 15 | T.A.PAI Management Institute | 151+ |
Read More: Top PGDM Colleges in India
Top MIM Colleges in India: Employability (QS Ranking 2025)
The Employability lens in the QS MBA ranking demonstrates Employment Outcomes and related indicators (EO), giving us an impression of how well universities prepare their students for successful careers in the medium and long term. In the short term, QS measures the effectiveness of the program in ensuring graduates find rewarding jobs and contribute significantly to society.
| University Name | Employability |
| IIM Calcutta | 77.8 |
| IIM Bangalore | 76.9 |
| IIM Ahmedabad | 73 |
| IIM Lucknow | 54.7 |
| IIM Kozhikode | 47.5 |
| IIM Indore | 47.5 |
| XLRI- Xavier School of Management | 45.5 |
| S. P. Jain Institute Of Management And Research | 41.7 |
| Indian Institute of Management Udaipur | 43.3 |
| Great Lakes Institute of Management Chennai | 33.4 |
| International Management Institute – Delhi | 32.1 |
| Indian Institute of Management, Rohtak | 31.4 |
| Institute Of Management Technology, Ghaziabad | 31.4 |
| T.A.PAI Management Institute | 33.3 |
| International Management Institute- Bhubaneswar | 30.9 |
Top MIM Colleges in India: Value For Money (QS Ranking 2025)
Value of Money: It is an indicator that measures the value of money by comparing the average salaries students earn 10 years after graduating against the average amount they invested in obtaining their graduation program.
| University Name | Value For Money |
| Indian Institute of Management Bangalore | 60.3 |
| Indian Institute of Management Lucknow | 57.3 |
| IIM Ahmedabad | 51.9 |
| S. P. Jain Institute Of Management And Research | 49 |
| IIM Calcutta | 48.9 |
| XLRI- Xavier School of Management | 48.1 |
| Indian Institute of Management, Rohtak | 37.8 |
| Indian Institute of Management (IIM) – Kozhikode | 36.1 |
| Indian Institute of Management Indore | 35 |
| Institute Of Management Technology, Ghaziabad | 31.5 |
| Great Lakes Institute of Management Chennai | 31 |
| International Management Institute – Delhi | 29.4 |
| Indian Institute of Management Udaipur | 29.2 |
| T.A.PAI Management Institute | 21.3 |
| International Management Institute- Bhubaneswar | 20.3 |
Top MIM Colleges in India: Conclusion
Pursuing a Master of Management (MIM) degree, or as it is known in India, an MBA degree, is a strategic choice for aspiring business leaders. The program offers in-depth exposure to the core aspects of business operations and management. It comprehensively opens doors to various prestigious roles in the corporate world, from Project Managers to CEOs.
With this blog, you’ll be better equipped to figure out the best college for you based on your academic ambitions and career goals.