5 Indian Colleges Make It To The Top 100 List, ISB on Top: FT Global MBA Ranking
The Global MBA ranking of the Financial Times, which lists the world’s top 100 business schools, is out and the Indian School of Business (ISB) secured 23rd place in 2021. Among the top 100 colleges offering MBA courses, a total of five Indian Colleges were ranked. This includes four Indian Management Institutes (IIMs), i.e. IIM Bangalore (35), IIM Calcutta (44), IIM Ahmedabad (48), and IIM Indore (94).
Though ISB was rated by the FT Global MBA Ranking 2021 as the best Indian B-school, INSEAD, based in France and Singapore, was ranked as the best MBA college in the world. It was followed by the London Business School (UK), Chicago Booth School of Business (US), Iese Business School (Spain), and the Yale School of Management.
Nine out of the top 20 institutions ranked in the FT Global MBA 2021 ranking are from the United States. The FT Global MBA ranking index is drawn up on the basis of wages received by graduates three years after graduation, study standard, value for money, foreign professors, international students, doctoral studies, etc. It focuses on full-time, one-year and two-year MBA programs that enable applicants to be qualified to have previous work experience.
Although IIM Indore first reached the top 100 list, ISB improved four positions and IIM-A climbed 13 positions. But two spots were dropped by IIM Calcutta and eight spots by IIM Bangalore.
The FT index, with organizations scoring it highly, is considered an authoritative indicator of the standard of management studies. Three years after their graduation, the data used for the ranking covers alumni incomes, the number of academic articles written in quality journals, total student retention, and the composition of students and faculty.
INSEAD, based in France and Singapore, topped the rankings this year, led by London Business School and Booth School of Business in Chicago. The data collection was interrupted by the pandemic last year, which led to the cessation of attendance by a number of US colleges, including Harvard, Stanford and Wharton, FT said. It performed well in career development, female student proportion and foreign faculty composition, IIM Calcutta said.
Anju Seth, director, IIM Calcutta, said in an email that, in the aftermath of the pandemic in 2020, the global education market was shaken to the heart. As we realized it had come to a standstill, the physical education delivery paradigm and other countries like ours are still trying to get up on their feet and comfortably bring children back to physical classrooms. In hardship, however, we emerged strongly by adopting a blended paradigm for consistency of learning. Education will be about resilience and non-stop learning in the new standard.
ISB, ranked number one in India and third in Asia, said improvement has continued year-on-year in the weighted wage and job service ranks.
Here is the list of India’s best B-schools-
23rd Rank : Indian Business School
35th Rank: IIM Bangalore
44th Rank : IIM Calcutta
48th Rank: IIM Ahmedabad
94th Rank: IIM Indore
The world’s Top 10 –
1st Rank: INSEAD
2nd Rank: Business School of London
3rd Rank: Chicago University: Booth
4th Rank: Business School of Ise
5th Rank: School of Management at Yale
6th Rank: University of Northwestern: Kellogg University
7th Rank: Ceibs
8th Rank: Paris HEC
9th Rank: University of Duke: Fuqua
10th Rank:: College of Dartmouth: Tuck
IIMA Betters It’s Ranking
In a big leap in its international ranking, the Indian Institute of Management, Ahmedabad (IMA) climbed 13 ranks to get a spot among the top 50 business institutes in the world.
The institute was ranked 48th this time in the Financial Times Global MBA Ranking-2021, from its 61st place in 2020.
There are 100 full-time MBA programs around the world in the FT Global MBA Rank. A total of 143 such institutions took part in the ranking this year. The Indian School of Business (ISB) is ranked 23rd, first among domestic institutes, among other Indian institutes on the top 50 list. It is also India’s first B-School in the top 25 worldwide. It was preceded by the 35th IIM-Bengaluru and the 44th IIM-Calcutta. IIM-Indore, ranked 94th, joined the list for the first time. IIMB slipped from 27th place in 2020 to 35th place in 2021, while IIM-C dropped this year from 42nd to 44th place. For IIM-A, its location was regained. It was ranked 47th in 2019. That fell in 2020 to 61 before rising this time to 48. With this, its average FT rank for three years is at 52. On most of the 20 appraisal metrics, the institute has increased its results. This involve Pay Today, which this year has improved from US $5,524 to US $1,92,390. The career advancement rate of IIMA is at 2, which has increased by 5 ranks, career service rank at 97 up by two ranks, alumni recommended rank at 6 up by 7 ranks, female students at 28, up by five marks, and FT Study rank at 94. Increased by five points.
Indian Rankings In 2020
Four Indian business schools had made it to the Global MBA Rankings list of the Financial Times’ top 100 back in 2020.
These are the Bangalore Indian Institute of Management (IIM-B), the Indian School of Business (ISB), the Calcutta Indian Institute of Management (IIM-C) and the Ahmedabadad Indian Institute of Management (IIM-B) (IIM-A).
From 2019 to the 27th position this year, IIM-B jumped six points. The B-school earned a complete 100 in the category ’employed at three months,’ which means that 100 percent placements are seen by graduates from the one-year full-time MBA program of the institute, the Executive Post Graduate Program in Management (EPGP).
The Indian School of Business, which has seen a decline in its ranking from last year’s 24th position, is ranked 28th.
IIM-C and IIM-A, meanwhile, captured the 42nd and 61st positions, respectively. For IIM-C, this is an upgrade from last year’s 49th place in the list. Again, IIM-A has fallen from the 47th rank it attained in 2019, and is considered one of India’s leading business schools.
Parameters such as salaries today, weighted salary, career development, targets accomplished, percentage of female faculty, percentage of female students and other similar considerations are taken into account in the FT Global Rankings.