NIRF Ranking: As our annual ritual of madness over NIRF Rankings subsides from a severe stage to less-intense stage for the current year, we dig more into the method to the madness. Starting with our favorite aspect – The ‘Graduation Outcome’ (GO) Scores as we believe that the ‘Graduation Outcome’ parameter in the NIRF Rankings, may have more significance than the overall rankings. For the MBA aspirants while shortlisting management institutes this can be more relevant compared to the overall NIRF score. We wrote about it last year (find below the report which has been updated with this year’s NIRF 2023 – Graduation Outcomes (GO) scores) and attempt to bring in clarity for students aspiring for MBA.

Why are we harping on ‘Graduation Outcome’ Scores ?

First, the two components in the ‘Graduation Outcomes’ (GO) section – The Combined metric for Placement and Higher Studies (GPH) and Median Salary (GMS) – apparently are supposed to reflect placement status of the institute. One of the key components students look for during MBA admissions.
Secondly, once again in the NIRF Rankings we find certain anomalies in the overall rankings which can mislead any aspiring MBA student.

Consider these samples below :

Some of the popular B Schools like – LBSIM Delhi (Avg CTC Rs. 12.2 LPA); LIBA Chennai (Avg CTC Rs. 10 LPA approx); XIME Bangalore (Avg CTC Rs. 10 LPA); IMT Nagpur (Avg CTC Rs. 10.8 LPA ); XISS (Avg CTC Rs. 9.4 LPA); SIMSREE (Avg CTC Rs. 12.9 LPA for 2022 batch) are not listed in the top 100 rankings.

(It’s worth mentioning here that a total of 776 institutes participated in ‘Management Institute Ranking’, process of NIRF but just 125 Institutes were ranked. Out of which only 100 Institutes had the data displayed.)

Lovely Professional University, Chandigarh University is ranked ahead (32, 36 respectively) of IMT Ghaziabad (38, Avg CTC Rs. 17.3 LPA), IIM Nagpur (43, Avg CTC Rs. 16.5 LPA), IIM Jammu (41, Avg CTC Rs.16.43 LPA ), TAPMI (42, Avg CTC Rs.14.6 LPA) and K J Somaiya (45, Avg CTC Rs. 13.79 LPA).
Koneru Lakshmaiah Education Foundation University (K L College of Engineering) is ranked (52) ahead of Institute of Rural Management Anand – IRMA (54, Rs. 15.5 LPA) and Indian Institute of Management (IIM) Bodh Gaya (53, Rs. 16 LPA).
IIM Sirmaur is ranked at the bottom of the list (98, Rs. 14.45 LPA) while Siksha O Anusdhan ranked at (57)
Kalinga Institute of Industrial Technology (59) while FORE School of Management at 63, 14.5 LPA
Saveetha Institute of Medical and Technical Sciences ranked (71) while IFMR GSB, Krea University at (74, Rs. 13.5 LPA).

Now once we compare the overall ranks with the GO ranks, the real picture evolves. Sanity prevails, it seems.

Examples below :

SPJIMR : overall rank is 20, GO rank is 4 and tops in private B Schools
MDI Gurgaon : overall rank 13, GO rank is 8, 3rd in private B Schools
XIMB : overall rank 46, GO rank 14, 6th in private B Schools
IMI Delhi : 34 / 18 / 7
FORE School : 63 / 22 / 8
IFMR GSB, Krea Univ : 74 / 31 / 11

Find top 50 ranks – Overall scores Vs GO scores for All B Schools and Private B Schools (in yellow), at a glance in the table below.

Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
1	Indian Institute of Management Ahmedabad	Ahmedabad	83.2	99.14	1
2	Indian Institute of Management Bangalore	Bengaluru	80.89	99.11	2
3	Indian Institute of Management Calcutta	Kolkata	75.53	99.03	4
4	S.P. Jain Institute of Management & Research	Mumbai	60.91	98.64	20	1	4
5	XLRI-Xavier School of Management	Jamshedpur	70.75	98.07	9	2	1
6	National Institute of Industrial Engineering, Mumbai (NITIE)	Mumbai	71.99	97.79	7
7	Indian Institute of Management Lucknow	Lucknow	74.11	96.86	6
8	Management Development Institute (MDI)	Gurugram	64.88	95.98	13	3	2
9	Indian Institute of Management Kozhikode	Kozhikode	76.48	94.92	3
10	Symbiosis Institute of Business Management	Pune	62.74	94.37	17	4	3
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
11	Indian Institute of Management Shillong	Shillong	59.12	93.6	26
12	Indian Institute of Management Indore	Indore	71.95	92.84	8
13	SVKM`s Narsee Monjee Institute of Management Studies	Mumbai	60.84	92.06	21	5	5
14	XIM University	Bhubaneswar	52.09	91.4	46	6	19
15	Indian Institute of Management Raipur	Raipur	66.18	90.78	11
16	Indian Institute of Management Ranchi	Ranchi	59.99	90.1	24
17	Indian Institute of Management Rohtak	Rohtak	65.88	89.28	12
18	International Management Institute	New Delhi	56.05	88.12	34	7	11
19	Indian Institute of Management Kashipur	Kashipur	61.07	88.09	19
20	Indian Institute of Management Udaipur	Udaipur	62.78	87.99	16
21	Indian Institute of Management Tiruchirappalli	Tiruchirappalli	60.83	87.97	22
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
22	Fore School of Management	New Delhi	49.85	87.38	63	8	30
23	Institute of Rural Management Anand	Anand	51.19	86.81	54	9	24
25	MICA	Ahmedabad	55.47	86.7	37	10	26
26	Indian Institute of Technology Delhi	New Delhi	74.14	86.62	5
27	Indian Institute of Management	Nagpur	53.41	86.31	43
28	Indian Institute of Foreign Trade (IIFT)	New Delhi	58.6	86.17	27
28	Indian Institute of Management Visakhapatnam	Visakhapatnam	57.57	85.84	29
29	Indian Institute of Management Bodh Gaya	Gaya	51.28	85.46	53
30	Indian Institute of Management Jammu (IIMJ)	Jammu	54.17	85.4	41
31	Krea University	Sri City, Chittoor	48	85.21	74	11	38
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
32	Goa Institute of Management	Sanquelim	56.28	84.66	33	12	10
33	Indian Institute of Technology Kanpur	Kanpur	60.63	84.44	23
34	National Institute of Bank Management	Pune	47.08	84.08	76	13	39
35	Indian Institute of Management	Sirmaur	43.26	83.47	98
36	K J Somaiya Institute of Management Studies and Research	Mumbai Suburban	52.14	83.15	45	14	18
37	T. A. Pai Management Institute Manipal	Manipal	53.48	82.54	42	15	17
38	Bharathidasan Institute of Management	Tiruchirappalli	45.59	82.5	86	16	46
39	Indian Institute of Management, Amritsar	Amritsar	51.3	82.47	51
40	Indian Institute of Technology Kharagpur	Kharagpur	63.92	82.27	14
41	Indian Institute of Technology Bombay	Mumbai	68.11	82.11	10
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
42	Birla Institute of Management Technology	Greater Noida	51.74	81.64	48	17	19
43	Indian Institute of Technology Madras	Chennai	62.83	81.14	15
44	Great Lakes Institute of Management	Chennai	56.62	80.93	31	18	8
45	Principal L N Welingkar Institute of Management Development and Research	Mumbai	48.21	80.76	73	19	37
46	Nirma University	Ahmedabad	50.04	80.74	61	20	28
47	Banaras Hindu University	Varanasi	51.07	80.43	56
48	Jagan Institute of Management Studies	Delhi	45.54	79.48	88	21	48
49	Institute of Management Technology, Ghaziabad	Ghaziabad	55.26	79.33	38	22	14
50	New Delhi Institute Of Management	Delhi	42.61	78.97	99	23	54
51	Jamia Millia Islamia,New Delhi	New Delhi	59.78	78.87	25
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
52	Indian Institute of Management Sambalpur	Sambalpur	50.9	78.38	58
53	International Management Institute	Bhubaneswar	49.3	77.35	67	24	33
54	Jaipuria Institute of Management	Noida	51.81	77.15	47	25	20
55	PSG College of Technology	Coimbatore	45.44	76.7	89	26	49
56	Babasheb Bhimrao Ambedkar University	Lucknow	46.61	76.62	78
57	International Management Institute	Kolkata	48.43	76.32	70	27	34
58	Jaipuria Institute of Management	Jaipur	46.15	76.25	80	28	41
59	Jaipuria Institute of Management	Lucknow	44.22	76.06	92	29	52
60	Institute of Management Technology	Hyderabad	45.78	76	84	30	44
61	ICFAI Foundation for Higher Education, Hyderabad	Hyderabad	54.29	75.32	40	31	15
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
62	Amrita Vishwa Vidyapeetham	Coimbatore	57.02	73.01	30	32	9
63	Great Lakes Institute of Management,Gurgaon	Haryana	49.95	72.99	62	33	29
64	Pandit Deendayal Energy University	Gandhinagar	43.92	72.42	94	34	53
65	National Institute of Technology Tiruchirappalli	Tiruchirappalli	56.01	72.35	35
66	Guru Gobind Singh Indraprastha University	New Delhi	49.71	72.04	66
67	Indian Institute of Technology Roorkee	Roorkee	62.14	72.01	18
68	Chandigarh University	Mohali	55.98	70.59	36	35	12
79	Panjab University	Chandigarh	46.05	69.86	82
70	Rajagiri Business School	Cochin	46.03	69.53	83	36	43
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
71	National Institute of Agricultural Extension Management	Hyderabad	43.47	68.92	97
72	Tezpur University	Tezpur	44.01	68.77	93
73	Atal Bihari Vajpayee Indian Institute of Information Technology and Management	Gwalior	49.13	68.53	68
74	Christ University	Bengaluru	50.69	68.49	60	37	27
75	Siksha `O` Anusandhan	Bhubaneswar	51.03	68.41	57	38	25
76	Aligarh Muslim University	Aligarh	51.18	68.15	55
77	Jamia Hamdard	New Delhi	43.74	67.72	96
78	Amity University Haryana, Gurgaon	Gurugram	46.07	67.61	81	39	42
79	Jain university,Bangalore	Bengaluru	45.63	67.31	85	40	45
80	BML Munjal University	Gurgaon	48.27	67.25	72	41	36
81	Saveetha Institute of Medical and Technical Sciences	Chennai	48.34	66.09	71	42	35
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
82	National Institute of Technology Calicut	Kozhikode	47.99	64.33	75
83	Guru Jambheshwar University of Science and Technology	Hisar	42.13	64.25	100	43	55
84	Galgotias University	Gautam Budh Nagar	44.3	64.16	91	44	51
85	UPES	Dehradun	54.83	63.68	39	45	14
86	Manipal University Jaipur	Jaipur	46.23	62.42	79	46	40
87	Birla Institute of Technology	Ranchi	46.96	62.13	77	47	22
88	Anna University	Chennai	51.67	61.62	49
89	Alliance University	Bengaluru	45.55	61.29	87	48	47
90	Amity University	Gautam Budh Nagar	58.56	61.28	28	49	7
91	Graphic Era University	Dehradun	49.77	58.94	65	50	52
92	Lovely Professional University	Phagwara	56.44	58.89	32	51	9
Rank as per GO Score - All B Schools	College Names	Campus	Overall Score	GO Score	Overall NIRF Rank	Rank as per GO - Pvt B Schools	Overall NIRF Rank - Pvt. B Schools
93	Malaviya National Institute of Technology	Jaipur	48.98	58.88	69
94	Visvesvaraya Technological University	Belgaum	43.84	58.58	95
95	Thiagarajar School of Management	Madurai	44.79	57.17	90	52	50
96	Thapar Institute of Engineering and Technology (Deemed-to-be-university)	Patiala	51.67	56.69	49	53	22
97	Kalinga Institute of Industrial Technology	Bhubaneswar	50.78	54.21	59	54	26
98	Chitkara University	Rajpura	49.8	53.67	64	55	31
99	Indian Institute of Technology (Indian School of Mines)	Dhanbad	52.64	51.9	44
100	Koneru Lakshmaiah Education Foundation University (K L College of Engineering)	Vaddeswaram	51.29	48.6	52	56	23

We also mapped the top 30 B Schools based on GO score with placement data i.e Average CTC of the batch passing out in 2023 (or last available placement data) to confirm if GO scores are relevant to placements.
Find the updated Table with 2 years GO scores and the Average CTC they offer in the updated content.