Fourteen Indian institutions have featured in the QS Global MBA and Business Master’s Rankings 2026, with three of the country’s premier IIMs securing spots in the global top 100. IIM Bangalore leads the pack at 52nd place, climbing one position from last year. IIM Ahmedabad follows at 58th, up two places, while IIM Calcutta has reached 64th, improving by one rank. According to QS, these gains reflect consistently strong performance in employability, return on investment, and thought leadership.
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Quacquarelli Symonds (QS), the higher education analytics firm best known for its annual World University Rankings, evaluated over 390 full-time MBA programmes across 80 countries for this edition. The Global MBA and Business Master’s Rankings are based on indicators including employability, ROI, thought leadership, and diversity, offering insights into the world’s leading study destinations for aspiring business leaders.
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Globally, the United States of America continues to dominate the top tier. The Wharton School at the University of Pennsylvania has been ranked the world’s best MBA programme for the first time since 2020. Harvard Business School follows in second place, while MIT Sloan School of Management has secured the third spot. Last year’s leader, Stanford Graduate School of Business, slipped to fourth due to declines in employability and diversity scores – the rankings showed.
Beyond the top three, IIM Indore has improved into the 151–200 band, while IIM Kozhikode and IIM Udaipur have slipped compared to last year. Here’s the complete list —
Institution | 2026 Rank | 2025 Rank |
IIM Bangalore | 52 | 53 |
IIM Ahmedabad | 58 | =60 |
IIM Calcutta | 64 | 65 |
IIM Indore | 151–200 | 201–250 |
IIM Kozhikode | 201–250 | 151–200 |
IIM Lucknow | 201–250 | 201–250 |
Woxsen School of Business | 201–250 | – |
IIM Udaipur | 251–300 | 201–250 |
XLRI Xavier School of Management | 251–300 | 201–250 |
IIFT Delhi | 301+ | – |
IMT Ghaziabad | 301+ | 251+ |
International Management Institute Kolkata | 301+ | 251+ |
MDI Gurgaon | 301+ | 251+ |
Somaiya Vidyavihar University | 301+ | 251+ |
The top end of the 2026 table remains dominated by US and European business schools. Alongside Wharton, Harvard, and MIT, HEC Paris and London Business School complete the top six. Notably, Oxford’s Said Business School has risen from 19th in the previous year’s list to 12th in 2026 cycle, while IESE Business School in Spain has slipped from 10th to 15th.
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Institution | Country | 2026 Rank | 2025 Rank |
Penn (Wharton) | United States | 1 | 2 |
Harvard Business School | United States | 2 | 3 |
MIT (Sloan) | United States | 3 | 4 |
Stanford GSB | United States | 4 | 1 |
HEC Paris | France | 5 | 6 |
London Business School | United Kingdom | 6 | 5 |
Cambridge (Judge) | United Kingdom | 7 | 7 |
INSEAD | France | 8 | =11 |
Northwestern (Kellogg) | United States | 9 | =11 |
Columbia Business School | United States | 10 | 8 |
IE Business School | Spain | 11 | 9 |
Oxford (Said) | United Kingdom | =12 | 19 |
Yale SOM | United States | =12 | 16 |
UC Berkeley (Haas) | United States | 14 | 13 |
Chicago (Booth) | United States | =15 | 15 |
IESE Business School | Spain | =15 | 10 |
NYU (Stern) | United States | 17 | 17 |
UCLA (Anderson) | United States | 18 | 14 |
Imperial College Business School | United Kingdom | 19 | 18 |
SDA Bocconi | Italy | 20 | 20 |
In the previous year’s list , Stanford had led the global table, followed by Wharton, Harvard, London Business School, and HEC Paris. This year’s reshuffling, particularly Wharton’s return to the top after six years, marks a significant shift in the competitive landscape of global MBAs.
According to QS, the 2026 MBA rankings are based on five key parameters: employability, return on investment, thought leadership, alumni outcomes, and diversity. Each institution’s performance across these metrics is benchmarked globally, with employability and ROI carrying the highest weight. As per this year’s outcomes, Indian institutions, employability and alumni outcomes remain high, though diversity continues to be a challenge when compared to global peers.