The Indian Institutes of Management (IIMs) are the top management schools in India, known for their high-quality education and global reputation. They are regularly ranked by trusted platforms like the NIRF (National Institutional Ranking Framework), India Today, Business Today, and Financial Times. The Government of India has also recognized IIMs as Institutions of National Importance.

In the NIRF Rankings 2024, IIM Ahmedabad kept its No. 1 position, followed by IIM Bangalore and IIM Calcutta. These rankings show the strength of their education, placement records, and facilities. For example, IIM Ahmedabad achieved an impressive average package of INR 30 LPA for its students.

Growth of the IIM Network

India has 21 IIMs offering programs like MBA, PGP, PGDM, Executive MBA, and research fellowships. The first IIMs, IIM Ahmedabad and IIM Calcutta were established in 1961, followed by IIM Bangalore in 1973. Between 2008 and 2016, 14 new IIMs were set up, expanding student opportunities. In 2023, IIM Mumbai became the newest IIM, formerly known as NITIE Mumbai.

Key Updates for 2024

• IIM Ahmedabad ranked No. 1 in the NIRF Rankings 2024.
• IIM Raipur moved to Rank 11, improving from Rank 14 in 2022.
• New IIMs like IIM Udaipur and IIM Kashipur are becoming popular for their innovative courses and good placements.

The IIMs continue to provide excellent education and prepare students for success in the business world.

Table of Contents

• Top IIM Colleges in India: Highlights 2024
• IIM Colleges in India with NIRF Ranking 2024
• Top IIM Colleges in India with FT Global Rankings 2024
• Top IIM Colleges in India: Admissions 2024
• Top IIM Colleges in India: Fees, Admission, Seat Intake, Eligibility, Entrance Exams
• Top IIM Colleges in India: Fees vs Salary
• Highest Salary Offered by Top IIMs in India
• Cost of Pursuing MBA at Top IIMs in India
• Specializations Offered by Top IIM Colleges in India
• Top IIMs in India: Cutoff 2024

Top IIM Colleges in India: Highlights 2024

Three main criteria determine admission to IIMs: CAT scores, Written Ability Tests (WAT) or Group Discussions (GD), and Personal Interviews (PI), along with academic performance. These processes start after the announcement of CAT results. Candidates meeting the required CAT cut-off are invited to the next round, which includes WAT and PI. The final selection is based on a comprehensive evaluation of the candidate’s profile, including their CAT score, academic achievements, work experience, category, and WAT/PI performance.

Explore key highlights of the top IIMs in India below:

IIM Colleges in India with NIRF Ranking 2024

The National Institutional Ranking Framework (NIRF), developed by the Ministry of Education, evaluates and ranks the top 100 institutions in India across various academic disciplines. The rankings are determined based on five key factors: Teaching, Learning, and Resources; Research and Professional Practice; Graduation Outcomes; Outreach and Inclusivity; and Peer Perception.]

Explore the key highlights of the leading IIMs in India:

Top IIM Colleges in India with FT Global Rankings 2024

The Financial Times Global MBA Rankings serve as a respected standard worldwide, providing insights into the quality, reputation, and career impact of MBA programs. Several top management schools from India have earned their place in the prestigious FT Global MBA Rankings 2024. Below is the list of the four Indian business schools featured in these rankings:

Top IIM Colleges in India: Admissions 2024

Eligibility Criteria for IIMs in India:

The eligibility requirements for IIMs differ depending on the course. Below are the basic eligibility criteria for the top IIM colleges in India:

• Educational Qualification: A minimum of 50% aggregate marks or equivalent CGPA in graduation (45% for candidates from SC, ST, and PWD/DA categories).
• Final Year Candidates: Those appearing for the final year of their bachelor’s degree or awaiting their results are also eligible to apply.
• Entrance Exams: Admission to these institutes typically involves entrance exams like the Common Admission Test (CAT).

Top IIM Colleges in India: Fees, Admission, Seat Intake, Eligibility, Entrance Exams

Below is a list of the top 10 IIMs in India, along with their total tuition fees:

Top IIM Colleges in India: Fees vs Salary

Return on Investment (ROI) refers to the financial returns students receive in exchange for the substantial investment they make in their education at a college or institute. When comparing different institutions, the ROI factor can be a crucial deciding factor.

The table below highlights the top 6 IIMs in India along with their total tuition fees and average annual placement packages:

Highest Salary Offered by Top IIMs in India

The IIMs attract top multinational and indigenous companies for their final placement process. Companies from various sectors, including Manufacturing, IT, BFSI, Consulting, FinTech, Mining, Retail, and FMCG, visit the campuses to recruit MBA graduates. Below is a table showcasing the top recruiters at the top IIMs in India along with their annual average package:

Cost of Pursuing MBA at Top IIMs in India

Pursuing an MBA from the IIMs can be quite expensive, with course fees ranging from INR 10 lakh to INR 25 lakh. Among the IIMs, IIM Sambalpur has the lowest total course fee at INR 10.50 lakh, while IIM Bangalore has the highest total course fee of INR 24.50 lakh. Below is a breakdown of the fee structures for some of the top IIMs in India

Specializations Offered by Top IIM Colleges in India

In India, the MBA degree offers a wide range of specializations. Below is a detailed overview of the top specializations available at the leading IIMs across the country:

Top IIMs in India: Cutoff 2024

Here are the estimated CAT 2024 cut-off percentiles for General category students for admission to the top 20 IIMs. These cut-offs represent the minimum percentiles required for candidates to be shortlisted for the interview round. It’s important to note that the cut-offs for the General category tend to be high each year, usually ranging between 90 to 100 percentiles. However, there is significant relaxation in the minimum percentile required for reserved category students.

Conclusion

The IIMs continue to set benchmarks in management education. Whether you’re aiming for leadership roles in finance, consulting, or technology, an MBA from IIM equips you with the skills and networks to excel. With top-notch rankings, competitive admission processes, and lucrative placements, IIMs remain the dream destination for MBA aspirants.

To prepare effectively, visit Mocktests for free CAT mock tests, and explore Guide Me Education Services LLP for comprehensive resources, tips, and guidance to help you secure your place in one of India’s most prestigious institutions!