Kerala Shines in NIRF Management Rankings: IIM Kozhikode Secures 3rd Rank

The Ministry of Education unveiled the 2024 edition of the National Institutional Ranking Framework (NIRF), marking the ninth year of this comprehensive assessment. The NIRF evaluates higher education institutions across India based on five key parameters: Teaching, Learning, and Resources (TLR); Research and Professional Practices (RPC); Graduation Outcomes (GO); Outreach and Inclusivity (OI); and Perception (PER). In the Management category, the Indian Institute of Management Ahmedabad (IIM Ahmedabad) took the top spot for this year. However, Kerala has made its presence known in the realm of management education, with four institutions from the state securing a place among the top management institutes.

Let’s delve into the list of Kerala’s top management institutes as per the NIRF 2024 rankings:

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Indian Institute of Management Kozhikode (IIMK)

: Securing a commendable 3rd rank, IIMK boasts a score of 77.90. The fee for the full MBA program at IIMK is approximately Rs. 20 lakh.
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National Institute of Technology Calicut (NIT Calicut)

: Ranked 76th with a score of 47.55, NIT Calicut offers an MBA program with an approximate fee of Rs. 1.5 lakh for the first year.
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Cochin University of Science and Technology (CUSAT)

: CUSAT secured the 81st rank with a score of 47.08. The approximate fee for the first year of the MBA program at CUSAT is Rs. 70,000.
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Rajagiri Business School

: Claiming the 93rd position with a score of 44.33, Rajagiri Business School charges an approximate fee of Rs. 4.3 lakh for the first year of its PGDM program.

Why Kerala is Emerging as a Hub for Management Education

The inclusion of four institutes from Kerala in the NIRF Management category 2024 signifies the state’s rising prominence in management education. Students have a wide range of options to choose from, based on their preferences and aspirations.

Placement Records: A Glimpse into Success

To understand the value proposition of these institutions, let’s examine the placement records of IIM Kozhikode and NIT Calicut, as per the NIRF Ranking 2024 data:

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IIM Kozhikode

: In the academic year 2022-23, a total of 559 students graduated from the PG (2 Years Program) within the stipulated timeframe. The median salary for these graduates was a remarkable Rs. 27 lakh.
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NIT Calicut

: For the academic year 2022-23, 41 students graduated from the PG (2 Years Program). Of these, 39 students were placed, with a median salary of Rs. 8.03 lakh. One student pursued higher studies.

The Appeal of Management Courses

Management courses, especially MBA programs, are highly sought after for various reasons, including:

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Lucrative Career Opportunities

: Management degrees are widely recognized as gateways to high-paying jobs across sectors such as finance, consulting, marketing, and more.
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Entrepreneurial Goals

: For aspiring entrepreneurs, management courses provide the essential skills and knowledge to establish and manage successful businesses. These programs equip individuals with insights into business strategy, leadership, innovation, and other crucial aspects of entrepreneurship.
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Career Growth

: Management courses offer a comprehensive skill set, including leadership, strategic thinking, problem-solving, and communication, which are invaluable for career advancement. For individuals already in the workforce, pursuing a management degree can lead to promotions, enhanced responsibilities, and greater career prospects.

Note:

The fees mentioned above are approximate and subject to change. For accurate and updated information, students are advised to visit the official websites of the respective institutions.