5. IIM Lucknow

IIM-L may not have the appeal of the A, B, and C of IIMs, but when it comes to teaching management, it does as well as any of its iconic peers. But its biggest USP is its integration with business. Apart from consultancy, IIM-L offers one of the best management development programmes (MDPs) because of its close links with industry. The picture shows the multicultural composition of the IIM-L campus, with students from diverse cultures and countries exchanging notes between classes.