IIM Bangalore Ranks 21st Globally as 14 Indian B-Schools Make FT MiM Top 100

Indian management education has strengthened its global footprint, with 14 Indian business schools, including seven Indian Institutes of Management (IIMs), securing places among the world's top 100 in the Financial Times (FT) Masters in Management (MiM) 2026 ranking. IIM Bangalore emerged as India's best-performing institution, climbing to 21st place globally, while four other Indian schools also entered the global top 40.

IIM Bangalore's Post Graduate Programme in Management (PGP) climbed from 28th in 2025 to 21st in 2026, extending its steady rise from 41st in 2024. Director-in-charge U Dinesh Kumar attributed the performance to the institute's focus on curriculum, teaching methods and graduate outcomes, particularly stronger career outcomes for its graduates.

SP Jain Institute of Management & Research (SPJIMR), Mumbai, was India's second-highest-ranked school at 26th, followed by IIM Ahmedabad (27th), XLRI (33rd) and IIM Calcutta (39th). The other Indian institutions in the top 100 were IIM Kozhikode (54th), IIM Indore (62nd), Management Development Institute Gurgaon (67th), IIM Lucknow (72nd), NMIMS Mumbai (73rd), IIM Udaipur (83rd), IMT Ghaziabad (86th), IMI Delhi (90th) and TAPMI Karnataka (98th).

India's representation increased from 11 schools in 2025 to 14 in 2026, with five institutions now placed inside the global top 40. XLRI recorded a particularly notable improvement, climbing to 33rd.

The FT's 2026 ranking evaluates 132 full-time, cohort-based Masters in Management programmes across 19 criteria. The assessment covers career progression, salary growth, value for money, career services, international exposure and mobility, diversity and sustainability. Alumni feedback accounts for 56% of the overall ranking, while school data contributes the remaining 44%. Average salary three years after graduation carries the largest individual weighting at 15%, with salary increase accounting for another 9%.

IIM Ahmedabad recorded a particularly strong salary outcome, with graduates reporting a weighted average salary of $199,706 three years after graduation, according to the ranking data.

Globally, University of St Gallen, Switzerland, retained the top position, followed by Nova School of Business and Economics, Portugal, and Shanghai Jiao Tong University's Antai College of Economics and Management, China.

The latest results highlight the growing international competitiveness of Indian management education, although factors such as fees, curriculum, placements, return on investment, alumni networks and international opportunities remain important considerations for prospective students beyond rankings alone.