Important Facts
College Vidya Team Sep 9, 2024 83.7K Reads
The Indian Institutes of Management or IIMs are institutions of national importance that offer a number of business and managerial courses to students at UG, PG, executive and doctoral levels. The IIMs are government institutes that are recognised across the globe for their premier management education, stellar faculty and guest faculty and industrial connections.
This blog lists all the IIMs of India ranked as per the latest management institutions rankings by NIRF released in 2024. The latest rankings of the IIMs in India have been formulated on the basis of a number of factors including their courses, the number of students enrolled at various levels of education, the number of doctoral fellows enrolled, the course facilities, curriculum, faculty profile, placements, etc. at these institutions.
Continue reading to find more about such essential details at the top IIMs of India.
The first IIMs were established in India by Pandit Jawaharlal Nehru in the early 1960s and have since been regarded as some of the nation’s most elite business schools. As of 2024, there are a total of 20 IIM campuses established in various cities of the nation.
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The first wave of establishment of the IIMs was during the 1960s to 1990s, with IIM Ahmedabad and IIM Calcutta being the first campuses to be established in 1961. During the 1960s to 1990s, a total of six campuses were established in India, which include:
IIM Ahmedabad |
IIM Bangalore |
IIM Kozhikode |
IIM Calcutta |
IIM Lucknow |
IIM Indore |
The second wave of establishment of IIMs in India was during the period from 2007-2011, when 7 more campuses were established in India:
IIM Shillong |
IIM Ranchi |
IIM Kashipur |
IIM Raipur |
IIM Rohtak |
IIM Udaipur |
IIM Tiruchirappalli |
The latest wave of establishment of IIMs was from 2015-2016 when the Government of India established 6 more IIMs in India, which included:
IIM Amritsar |
IIM Nagpur |
IIM Sirmaur |
IIM Bodh Gaya |
IIM Sambalpur |
IIM Jammu |
IIM Visakhapatnam |
These institutions are the youngest IIMs of India, providing holistic management education with innovative learning facilities.
The Indian Institutes of Management are central institutions of higher education for management and business studies that are currently included in the list of institutions of national importance in India. Not only are IIMs among the top business schools in India but are also internationally recognized as being leading B-schools of the globe.
The premier institutional ranking body of India, the NIRF, releases a comprehensively created list of the top HEIs of India each year, and the list being based on a number of crucial criteria for ranking, gives a credible ranking of the eminent institutions of India.
Given below is a ranking of all the IIMs of India on the basis of the NIRF 2024 rankings. The following ranks were awarded to the institutions in the Management Category.
IIM College |
Year of Establishment |
NIRF Rank 2024 |
Indian Institute of Management, Ahmedabad (IIM-A) |
1961 |
1 |
Indian Institute of Management, Bangalore (IIM-B) |
1973 |
2 |
Indian Institute of Management, Kozhikode (IIM-K) |
1996 |
3 |
Indian Institute of Management, Calcutta (IIMCal) |
1961 |
5 |
Indian Institute of Management Mumbai |
1963 |
6 |
Indian Institute of Management Lucknow |
1984 |
7 |
Indian Institute of Management Indore |
1996 |
8 |
Indian Institute of Management Rohtak |
2009 |
12 |
Indian Institute of Management Raipur |
2010 |
14 |
Indian Institute of Management Udaipur |
2011 |
22 |
Indian Institute of Management Kashipur |
2011 |
23 |
2007 |
24 |
|
2015 |
26 |
|
Indian Institute of Management Tiruchirappalli |
2011 |
27 |
Indian Institute of Management (IIM) Nagpur |
2015 |
31 |
Indian Institute of Management Bodh Gaya |
2015 |
33 |
Indian Institute of Management Jammu (IIMJ) |
2016 |
42 |
Indian Institute of Management Amritsar |
2015 |
47 |
Indian Institute of Management Sambalpur |
2015 |
50 |
Provided below are key details of the top 10 IIMs in India as ranked by the NIRF in the 2024 Management category.
Indian Institute of Management, Ahmedabad, or the prestigiously known IIM-A, is a name in management education regarded as highly in the international circles as it is in India. The nation’s top-ranked business school, it was established by the Government of India in 1961 as part of the initiative to provide elite managerial and business education to students. IIM-A offers postgraduate and doctoral programs in addition to certification courses, executive courses etc. The PGPM at IIM-A is its flagship program. The institute has amenities for providing online courses to students who are unable to take up a regular degree. It has been ranked by the NIRF as number 1 management institution of India.
Find a summary of IIM Ahmedabad details below.
Year of Establishment |
1961 |
College Accreditations |
NIRF (Rank 1 in Management Category), EQUIS |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
IIM Bangalore was established in 1973 during the first wave of establishment of IIMs by the Government of India and it is the second top management institution of the country as of 2024 NIRF rankings. IIM-B offers PG degree courses, including its flagship course-PGPM, in addition to doctoral courses, pre-doctoral courses, fellowships and short-term and long-term certification courses. Online programs are also offered by IIM Bangalore that can be taken up by students in the hybrid and fully remote modes. IIM-B has provisions for scholarships and financial aid for needy students to enable a larger number of students to take the course up.
Find more details about IIM-B below.
Year of Establishment |
1973 |
College Accreditations |
NIRF (Rank 2 in Management Category), EQUIS |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
The Indian Institute of Management Kozhikode is a first generation IIM in Kerala that was established in 1996 and is the third best management institution of India. It has been accredited by the AACSB, EQUIS and is also a member of the AMBA. The programs offered at IIM-K include the flagship course-PGPM, a number of PG programs in domains related to finance, liberal studies, business leadership, management development programs etc. A number of PG degrees, certifications, executive courses as well as doctoral degrees and fellowships can be taken up from IIM-K in both the online and physical modes. IIM-K also has a prominent research focus, encouraging students to indulge in innovation. The institute also provides scholarships and financial aid to students.
Find further details about IIM-K below.
Year of Establishment |
1996 |
College Accreditations |
NIRF (Rank 3 in Management Category 2022), EQUIS, AACSB, AMBA |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
Along with IIM-A, the Indian Institute of Management Calcutta (IIMCal) was one of the first IIMs to be established in India in 1961. IIM-Cal is the fifth top management institution of India as ranked by the NIRF in 2024. It offers various courses pertaining to management such as MBA, Executive MBA, PG programs, development programs for managers, faculty etc. The institute, in addition to a stellar faculty profile and alumni, also has state of the art pedagogical tools and infrastructure. It offers courses in both the offline, regular modes and online modes. Students can take up executive programs and certifications from IIMCal. There are facilities for scholarships and financial support for fee payment as well.
Enlisted below are a few key details about education at IIMCal.
Year of Establishment |
1961 |
College Accreditations |
NIRF (Rank 4 in Management Category), AACSB |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
Established in the capital of Uttar Pradesh in 1984, IIML is a well-regarded management institution and the seventh top b-school of India as per NIRF rankings of the “Management” category of 2024. It is also accredited by the AACSB and is a member of AMBA. It offers postgraduate courses, including its flagship course–the PGPM along with fellowship and executive courses. In addition to providing rigorous training and managerial education to students, IIM-L is also well-known for its placement services that allow students to seek job positions in well-regarded firms and companies, with scope for career development.
Find further details about IIM Lucknow.
Year of Establishment |
1984 |
College Accreditations |
NIRF (Rank 6 in Management Category 2022), AACSB, AMBA |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
IIM Indore is another first generation IIM that was established in 1996 in Madhya Pradesh. Its major accreditations include those like AACSB approval, EQUIS recognition and the AMBA membership. It is India’s 8th top management institution based on NIRF rankings of 2024. The various courses available at IIM Indore include PG degree courses (including the PGPM course which is its flagship program), five-year integrated program in management, executive courses, development programs and fellow programs. IIM Indore also offers online certification courses to students through online learning platforms. Scholarships and facilities for financial aid are also extended by IIM Indore to enable larger managerial aspirants to pursue the course of their choice.
Find key details about the courses and education at IIM Indore given below.
Year of Establishment |
1996 |
College Accreditations |
NIRF (Rank 8 in Management Category 2022), AACSB, AMBA, EQUIS |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
The Indian Institute of Management Raipur is a second-generation IIM established in 2010 by the Government of India in Chhattisgarh. IIM Raipur is approved by the AICTE for offering professional and technical courses. The major courses offered at IIMR include a PGP in management, executive PGP, executive courses in HRM, digital health etc. IIMR is renowned for its executive courses, and it has started extending its educational services to the online learning domain as well to enable students to pursue the courses remotely. Scholarships and financial aid is also available for students to support the financial expenses of their education.
Find further details about IIM Raipur summarised below.
Year of Establishment |
2010 |
College Accreditations |
AICTE, NIRF Rank 14 in Management Category (2024) etc. |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
Established in 2009, IIM Rohtak has emerged as one of the most prestigious IIM colleges to take up a management course from. It is ranked as the 12th top business school of India by the NIRF (2024) and is also a member of the prestigious AMBA. IIM Rohtak mainly offers students with PG programs in the form of certifications, degrees etc., executive courses, five year integrated courses, development programs for managers and a doctoral program in management. Online courses through MOOC platforms are also available to be pursued from IIM Rohtak. The institute has a wide industrial network for providing opportunities for professional exposure, training as well as placements after course completion.
Further details about IIM Rohtak have been listed here.
Year of Establishment |
2009 |
College Accreditations |
NIRF Rank 12 in Management Category (2024), AMBA |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
IIM Udaipur was established in 2011 in Rajasthan as part of the second generation of IIMs in India. It has emerged as one of India's best IIMs, both for its academic rigor and industrial connections. It has been accredited by the prestigious international statutory- the AACSB and has been ranked by the NIRF in the top 22 management institutions of India as of 2024. The courses offered at IIM Udaipur include postgraduate degrees, executive courses, PG diplomas, summer programs, advanced PG programs as well as doctoral degrees. Additionally, online courses are also available at IIM Udaipur for students to take up virtually.
Find further details about IIM Udaipur given here.
Year of Establishment |
2011 |
College Accreditations |
AACSB, NIRF Rank 22 in Management Category (2024) |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
IIM Kashipur has been ranked among the top 23 business schools in India by the NIRF in 2024, and it is an AACSB-accredited institution. It was established in 2011 in Uttarakhand as a part of the second wave of establishment of IIMs in the nation. The offered courses in IIM Kashipur include an MBA program, an executive MBA and a Ph.D course. The industrial connect of IIM Kashipur is quite vast, which provides excellent placement opportunities to students in addition to ample industrial exposure. Online learning courses are also offered by the institute to enable a larger number of aspirants to pursue a management course from an IIM.
Given below are further details about IIM Kashipur.
Year of Establishment |
2011 |
College Accreditations |
NIRF Rank 23 in Management Category (2024), AACSB |
Courses Offered |
|
Online Courses |
Available |
Scholarships & Financial Aid |
Available |
Over two lakhs students appear for the Common Admission Test or CAT each year to seek admissions in the top IIMs. The IIMs are unanimously agreed upon as being the premier line of B-schools in India for managerial and business studies.
But what makes IIMs distinguished from the rest of the management institutions and business schools of India? Here are a few of the top factors that distinguish the IIMs as the premier management institutions of India.
The IIMs were among the first business schools to be established in India, and if their history of successful ventures of innovation and success stories of alumni are artefacts to go by, then the IIMs have a historical legacy in providing elite education in management, business administration and other business studies. The first IIMs to be established in India were IIM Ahmedabad and IIM Calcutta, in 1961, on the basis of the then Planning Commission of India. Since then, 18 other campuses have been established in various cities of the nation to extend the same educational support to a larger number of managerial aspirants.
So taking up a course from an IIM enables you to study at historically eminent institutions and associate with the prestigious name of an IIM.
The IIMs are institutions affiliated to the central government of India, and are well-renowned and accredited. Thus, any qualification from an IIM is not only completely reliable and credible but also regarded as highly prestigious, providing the necessary impetus to one's career.
If the IIMs are the nation's most eminent business schools, it is because one of the central features of these institutions- a rigorous, comprehensive and all-round educational exposure. Education at an IIM enables a student to learn from multiple sources, including self-direction and hands-on learning and practical exposure, enabling students to develop their professional proficiency while developing a strong academic foundation of management.
The faculty teaching the courses at IIMs includes the top management experts of India and abroad, subject matter experts and professionals with ample industrial experience in management. Studying in IIM gives a student the opportunity to interact with such minds in the profession and get guided and mentored by them. Such an opportunity opens up endless avenues of educational, research and professional ventures, which can be fundamental in carving out a successful career in management.
IIMs have a legacy of developing successful and eminent leaders and managers, and being a student of an IIM provides the opportunity of networking with the alumni of the institution as well as becoming a member of this much coveted and prestigious group. The alumni status of an IIM can be crucial and helpful in paving the path to a successful managerial career. Moreover, being a member of the IIM alumni allows the graduate to effectively network with fellow IIM graduates and explore diverse career domains.
As already discussed, the all-round academic exposure, rigorous industrial training, faculty mentorship and alumni status of being an IIM graduate can be quite facilitating in exploring diverse managerial domains and getting placed at fairly compensated job roles. An IIM qualification can help a management professional escalate from an entry or middle level job to a top managerial position. Thus one of the major impetus for taking up a course from an IIM is the impact it creates on your portfolio and career in management.
Since IIMs are India’s most well-regarded institutions for management education, IIM alumni get a notable advantage in terms of career development and compensation. Graduates from IIM can explore career opportunities in middle to top managerial positions with fairly high compensation. On an average, IIM graduates, especially at the PG level, can commonly secure entry-level positions as highly paid as INR 20 LPA to INR 30 LPA. With such lucrative packages and perks that an IIM graduate can secure, the career advantage of pursuing a course from IIM is unparalleled.
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Thus, IIMs are the nation’s most prestigious and well-known business schools which offer a rigorous managerial education to students. Based on the rankings of NIRF in the management category (2024), students can make the right choice about the IIM course and campus to pursue it. Various IIM campuses have various key strength arenas as well as unique academic offerings ranging from research and innovation to entrepreneurship. A student taking up a course from an IIM can explore career opportunities in top companies and enterprises.
As per the NIRF rankings of 2024 in the “Management” category, IIM Ahmedabad is the best in India.
Based upon the latest statistics about average placement CTCs, IIM Ahmedabad, IIM Bangalore and IIM Calcutta offer the best placement services in India.
The average cost of pursuing an MBA/PGDM/PGPM program (equivalent courses) from an IIM in India ranges from INR 12,00,000 to INR 25,00,000 for the full course.
The executive courses including degrees, diplomas and certifications at IIM Ahmedabad, IIM Kozhikode, IIM Bangalore and IIM Calcutta are quite well-known for their executive courses.
IIM Ahmedabad and IIM Bangalore are the best colleges for MBA in India as per the NIRF rankings of 2024 in Management category.
There are 20 IIM campuses in India, all of which have been ranked among the top 100 management institutions of India by the NIRF as of 2024. IIM Ahmedabad has rank 1 in the NIRF rankings list. Six out of the top ten management institutions of India as per NIRF (2024) include IIMs.
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