Top 20 B-Schools in India - Based on Salary

In our newest series of articles, we will publish a list of top-20 B-schools in India, based on many important parameters. In the first article of this series, we are listing the top-20 B-Schools in India, based on Salary.


Several factors go in before making a decision on a b-school destination. Some of the important ones are placement record, graduating salary, class-composition, diversity, faculty quality, b-school infrastructure, program reputation and alumni strength – just to name a few.  However, of all these factors, the most commonly sought after data is the placement record.


No wonder, then, that many b-schools claim to have successfully completed 100% placement!  That makes for a beautiful catch-phrase.  However, it would be a mistake to take all such claims at the face value.


Latest data by All India Council for Technical Education (AICTE) – a major statutory body that accredits postgraduate management education in India, shows that only 36% of the enrolled students for the class of 2017 could be placed.  Although, this data is only for the AICTE approved b-schools, a similar story will emerge for non-affiliated b-schools too, unless they are the top B-schools.


With this background in mind, we are launching a series of articles, showcasing the “Top 20 B-Schools in India”.  


The first one among the series is “Top-20 B-Schools in India based on the Average Graduating Salary (2017)”.




B-School Name

Average Salary (LPA)

Median Salary (LPA)

Highest Salary (LPA)

1 Indian Institute of Management, IIM Ahmedabad 22.14 21 48
2 Indian School of Business (ISB), Hyderabad & Mohali 21.78 20.35 -
3 Indian Institute of Management, IIM Bangalore 21.03 20 -
- Indian Institute of Management, IIM Calcutta - 20 70
- Indian Institute of Management, IIM Lucknow - - -
4 SP Jain Institute of Management & Research (SPJIMR), Mumbai 20.9 - 39.5
5 Faculty of Management Studies (FMS), New Delhi 20.5 20 66
6 XLRI - Xavier School of Management, Jamshedpur 19.21 19 -
7 Management Development Institute (MDI), Gurgaon 18.95 - 32.1
8 Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai 18.76 17 34.3
9 Indian Institute of Foreign Trade (IIFT), New Delhi 18.41 - 26
10 Narsee Monjee Institute of Management Studies (NMIMS), Mumbai 17.58 - 34.11
11 Tata Institute of Social Sciences (TISS), Mumbai 17.4 18 27.5
12 IIT Kharagpur, IIM Calcutta and ISI Kolkata 17.14 - 20.14
13 Indian Institute of Management, IIM Kozhikode 17.1 15.5 37
14 Shailesh J. Mehta School of Management (SJMSOM), IIT Mumbai 16.5 - 27.5
15 Indian Institute of Science (IISc), Bangalore 16.1 14 29.77
16 National Institute of Industrial Engineering (NITIE), Mumbai 15.82 15 37
17 Indian Institute of Management, IIM Indore 15.67 - 32
18 Symbiosis Institute of Business Management (SIBM), Pune 15.02 12.5 28
19 Indian Institute of Management, IIM Ranchi 14.8 - 25.5
20 Department of Management Studies, IIT Delhi 14.71 - 21



IIM Calcutta, and IIM Lucknow did not report an average graduating salary. However, they are too important b-schools to ignore from this list.