B School Ranking 2012

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Youth Inc Research, Aggreates and  Ranks the Best Business Schools in the World

Welcome to the Youth Incorporated, DNA and Rediff.com Global Business School Rankings 2012. In attempt to  identify, gauge and classify the best  business schools in the world that  provide not just quality education but  also an overall satisfying experience,  we present to you the fruits of our  research: the top 100 schools for  an MBA (full-time), the top 50 for  degrees in Finance, Management and  Marketing, and the top 50 schools for  an online MBA. In a throwback to  the Global University Rankings we  did last year, the first two top schools  here – Harvard and Stanford – are  verily the same as in our last effort,  proving that these schools are truly the  best at everything they do. Running  down the list, there are both familiar and new names, indicating a rise in the number of premier B-schools in the  world. Some are surprise inclusions  in terms of their higher ranking and some are shockers because of their lower ranking. But what is most telling in our research is that sole  business institutions are now no more the hallowed temples for an MBA; multi-programme universities are fast becoming the chosen destinations for students.

A new player (at least in  developing countries) in the realm  of business education is the online  MBA. Given the pressures of a  professional life and the need to constantly update one’s knowledge  and skills, MBA programmes have  begun being conducted 100% online and are gaining popularity. However, the leaders in this initiative are not the old guard but the relatively  younger schools. Read more on our  analysis of an online MBA degree on pages 24 and 25.
What sets apart these rankings is that credence has been given to responses from the institutions, the students, alumni and recruiters, giving our data the depth of multiple perspectives. While they were quizzed on the usual value for money  and programme quality concerns, students also had to give their  feedback on the diversity in their classrooms, career services available to them and exchange programmes in their schools. We also relied heavily on recruiter satisfaction to see how the institutes stacked up in the real world.

The India Story
One Indian institute has made it to the top 10 and four in the top 100, but let  us not feel self-congratulatory yet. Let us instead ask, “Why only four?” China has five schools in the top 100, one more than us, but let’s take a closer look at them: Peking University (rank 45), for instance, reported that the percentage of Western students studying in their full-time Beijing International MBA  programme increased from 5 per cent in 2006 to 35 per cent in 2011. On  graduating, their students were offered jobs from over 250 companies as diverse as JP Morgan, Apple and Louis Vuitton. As for their faculty, they have more than 40 professors from North America and Europe. This throws light on some problems plaguing Indian B-schools. We do not have a diverse, international student body or faculty, perhaps because we still place emphasis on rote learning when the rest of the world does not. Where are our non-IIMs? The IIMs alone cannot be serious competition to the likes of Harvard and LBS. Other Indian B-schools must be raised to that standard. India is a great place to study, but it needs a lot of work to be recognised as such internationally.

 

 

 

 

 

 

 

 

Top 100 MBA

Rank Name of Institution Country Score
1 Harvard University USA 100
2 Stanford University USA 99.8
3 University of Pennsylvania USA 99.5
4 Columbia University USA 99.2
5 London Business School UK 99
6 INSEAD France 98.6
7 IE Business School Spain 98.5
8 MIT USA 98
9 University of Chicago USA 97.5
10 IIM Ahmedabad India 97.3
11 Northwestern University USA 97
12 University of California at Berkeley USA 96.9
13 New York University USA 96.8
14 Dartmouth College USA 96.6
15 Hong Kong UST China 96
16 Indian School of Business India 95
17 IIM Calcutta India 94
18 IMD Switzerland 93
19 Duke University USA 92
20 Yale University USA 91
21 Cambridge University UK 90.8
22 Oxford University UK 90.5
23 Cornell University USA 90
24 HEC Paris France 89
25 National University Singapore Singapore 88
26 University of Manchester UK 87.4
27 University of Virginia USA 87
28 IESE Spain 86.7
29 Australian Graduate School of Management Australia 86.3
30 CEIBS China 86
31 University of Hong Kong China 85
32 ESADE Spain 84.8
33 Nanyang Technological University Singapore 84.4
34 Imperial College UK 84
35 Carnegie Mellon University USA 83
36 Chinese University of Hong Kong China 82
37 University of Melbourne Australia 81
38 University of Michigan Ann Arbor USA 80
39 Georgetown University USA 79.5
40 SDA Bocconi Italy 79
41 University of Toronto Canada 78.4
42 McGill University Canada 78
43 Rotterdam School of Management Netherlands 77.8
44 University of Cape Town South Africa 77.5
45 Peking University China 77
46 Rice University USA 76.5
47 University of California at Los Angeles USA 76.3
48 Emory University USA 76
49 Penn State University (Smeal) USA 75.8
50 Indiana University (Kelley) USA 75.2
51 York University Canada 75
52 University of Western Ontario Canada 74.6
53 University of Southern California USA 74.5
54 Washington University (Olin) USA 74
55 University of Rochester (Simon) USA 73.8
56 University of Washington (Foster) USA 73.3
57 Purdue University USA 73
58 Texas A&M University (Mays) USA 72.9
59 City University London UK 72.8
60 University of Texas at Austin USA 72.5
61 Cranfield University UK 72
62 University of North Carolina (Kenan-Flagler) USA 71.7
63 Ohio State University (Fisher) USA 71.3
64 Boston University USA 71
65 Vlerick Business School Belgium 70.5
66 University of Minnesota (Carlson) USA 70
67 Boston College USA 69
68 Incae Business School Costa Rica 68.8
69 University of British Columbia Canada 68.5
70 Queens University Canada 68
71 Coppead Brazil 67
72 Pontificia Universidad Catolica de Chile Chile 66.7
73 University of Edinburgh UK 66.3
74 Business School Sao Paulo Brazil 66
75 Mannheim Business School Germany 65.7
76 Macquarie Graduate School of Management Australia 65.2
77 SP Jain Institute of Management India 65
78 Michigan State University (Broad) USA 64.9
79 Copenhagen Business School Denmark 64.3
80 University of Alberta Canada 64
81 American University in Cairo Egypt 63
82 Universidad de Chile Chile 62.7
83 University of South Carolina USA 62.4
84 University of Miami USA 62.1
85 IPADE Mexico 62
86 University of Notre Dame USA 61.5
87 Babson College USA 61.3
88 University of California Irvine USA 61
89 Brigham Young University USA 60
90 Thunderbird School of Global Management USA 59
91 Georgia Institute of Technology USA 58
92 Lancaster University UK 57
93 George Washington University USA 56.9
94 University of Warwick UK 56.4
95 Bond University Australia 56
96 Queensland Institute of Tech Australia 55.8
97 Southern Methodist University USA 55.3
98 Wake Forest  University USA 55
99 University of Pittsburg USA 54.5
100 University of St.Gallen Switzerland 54

 

 

 

 

 

 

 

Top MBA Distribution

Top US B-Schools

Rank Name of Institution Country
1 Harvard University USA
2 Stanford University USA
3 University of Pennsylvania USA
4 Columbia University USA
5 MIT USA
6 University of Chicago USA
7 Northwestern University USA
8 University of California at Berkeley USA
9 New York University USA
10 Dartmouth College USA

 

 

 

 

 

 

 

Top European B-Schools

Rank Name of Institution Country
1 INSEAD France
2 IE Business School Spain
3 IMD Switzerland
4 HEC Paris France
5 IESE Spain
6 ESADE Spain
7 SDA Bocconi Italy
8 Rotterdam School of Management Netherlands
9 Vlerick Business School Belgium
10 Mannheim Business School Germany

 

 

 

 

 

 

 

Top UK B-Schools

Rank Name of Institution Country
1 London Business School UK
2 Cambridge University UK
3 Oxford University UK
4 University of Manchester UK
5 Imperial College UK
6 City University London UK
7 Cranfield University UK
8 University of Edinburgh UK
9 Lancaster University UK
10 University of Warwick UK

 

 

 

 

 

 

 

Top Asian B-Schools

Rank Name of Institution Country
1 IIM Ahmedabad India
2 Hong Kong UST China
3 Indian School of Business India
4 IIM Calcutta India
5 National University Singapore Singapore
6 CEIBS China
7 University of Hong Kong China
8 Nanyang Technological University Singapore
9 CUHK China
10 Peking University China

 

 

 

 

 

 

Top Canadian B-Schools

Rank Name of Institution Country
1 University of Toronto Canada
2 McGill University Canada
3 York University Canada
4 University of Western Ontario Canada
5 University of British Columbia Canada
6 Queens University Canada
7 University of Alberta Canada

 

 

 

 

 

Top Australian B-Schools

Rank Name of Institution Country
1 Australian Graduate School of Management Australia
2 University of Melbourne Australia
3 Macquarie Graduate School of Management Australia
4 Bond University Australia
5 Queensland Institute of Tech Australia

 

 

 

 

 

 

 

 

 

MBA Goes  Online

There has been a drastic increase in the number of students opting for online courses in recent times. According to Ambient Insight, the global e-learning market is said to reach a whopping Rs.2.5 lakh crore (about US$47.2 billion) by 2014. Most prospective B-school students hesitate to commit to a two-year programme due to lack of funds, lack of time and preference for work experience. These students are choosing online MBA programs over conventional courses to meet their requirements.

What it Involves
Pursuing an online MBA degree allows you to receive your study material from an international, local or well known university without leaving your computer.
You can contact your professors and other students through web chat sessions, Skype calls and so on.
Some institutes also arrange discussion meetings of students from one particular location. Assessments are carried out through periodic online examinations and tests.

The Options
Online MBA programmes: These are taught entirely online and the student need not visit the university for any purpose.
Combination MBA programmes:In these programmes, the learning is divided into online sessions as well as classroom sessions.

The Benefits
The biggest pro of pursuing an online  MBA is that it allows you the flexibility of working while studying. Therefore, both your practical and theoretical knowledge witness a simultaneous increase. There is also the significant advantage of making money while you study. Another valuable benefit is that you can implement your learning in your professional life instantly, giving you immediate gratification. There is also the added advantage of owning a global degree, without the extra expenditure. An online MBA is also a viable option for students who want to escape the pressures of competitive exams as it is easier to gain admission for an online course.

The Drawbacks
The most obvious drawback of the online MBA is the lack of human connect. There is no interaction with fellow students and immediate guidance from professors. There are many other benefits that online MBA students can’t enjoy, such as industry visits and networking with important people from the industry. Also, an online programme is suited only for people who are disciplined and selfmotivated as classroom pressures are not present in such an education.

Bottom Line
If you have an online MBA degree and are competing with someone with a campus degree, you might probably be the second choice for the job. However, if you have both work experience and an online degree, your chances will improve significantly.
Online MBAs are thus more suited for people who have attained posts they don’t want to give up, but are still keen on updating their knowledge and
keeping up with developments.
Most importantly, one needs to ensure that the college offering the online MBA is recognised by national accrediting bodies (these differ from country to country). Double and triple check the college’s affiliation.

Top 50 Online MBA

Rank Name of Institution Country Score
1 IE Business School USA 100
2 University of Florida USA 99.5
3 Arizona State University UK 99
4 Imperial College USA 98.7
5 Babson College USA 98
6 Drexel University USA 97
7 George Washington University USA 96
8 Indiana University Bloomington USA 95
9 Thunderbird School of Global Management USA 94
10 Northeastern University USA 93
11 Syracuse University USA 92
12 Temple University USA 91
13 Penn State University USA 90
14 North Carolina State University USA 89
15 University of North Carolina Chapel Hill USA 88
16 University of Strathclyde UK 87
17 University of Warwick UK 86
18 University of London (Royal Holloway) UK 85
19 University of Edinburgh UK 84
20 Suffolk University USA 83
21 Virginia Tech USA 82
22 University of Michigan Dearbon USA 81
23 Pace University USA 80
24 Florida State University USA 79
25 University of Derby UK 78
26 Hofstra University USA 77
27 Florida International University USA 76
28 Auburn University USA 75
29 University of Aston UK 74
30 University of Nebraska Lincoln USA 73
31 University of Texas Dallas USA 72
32 University of Liverpoo UK 71
33 University of Leicester UK 70
34 Walden University USA 69
35 Deakin University Australia 68
36 SBS Business School Switzerland 67
37 James Madison University USA 66
38 University of Maryland UC USA 65
39 Robert Gordon University UK 64
40 Curtin University Australia 63
41 Ball State University USA 62
42 University of Massachusetts – Amherst USA 61
43 University of Memphis USA 60
44 Portland State University USA 59
45 Rowan University USA 58
46 Kennesaw State University USA 57
47 Educatis Switzerland 56
48 Oxford Brookes University UK 55
49 EUDE Spain 54
50 Athabasca University Canada 53

 

 

 

 

 

 

 

 

 

Top 50 Finance

Rank Name of Institution Country Score
1 London Business School UK 100
2 Princeton University USA 99.8
3 IE Business School Spain 99.3
4 MIT USA 99
5 London School of Economic UK 98.7
6 ESSEC Business School France 98
7 HEC Paris France 97
8 Oxford University UK 96.6
9 ESCP Europe Europe 96
10 University of Texas at Austin USA 95.5
11  Texas A&M University USA 95
12 Peking University China 94
13 Grenoble School of Business France 93
14 Imperial College UK 92
15 EDHEC Business School France 91
16 Boston College USA 90
17 University of St.Gallen Switzerland 89
18 University of Warwick UK 88
19 Purdue University USA 87.5
20 Vanderbilt University USA 87
21 EMLYON Business School France 86
22 City University UK 85
23 Cranfield University UK 84
24 Washington University St Louis USA 83
25 University of Illinois UC USA 82
26 Stockholm School of Economics Sweden 81
27 University of Rochester USA 80
28 University of Maryland College Park USA 79
29 Rotterdam School of Management Netherlands 78
30 George Washington University USA 77
31 EADA Spain 76
32 Nova School of Business & Eco Portugal 75
33 Michigan State University USA 74.5
34 Ohio State University USA 74
35 University of Bath UK 73
36 University of Manchester UK 72
37 University of Reading UK 71
38 Università Bocconi Italy 70
39 Vlerick Business School Belgium 69
40 University of Arizona USA 68
41 University of Florida USA 67
42 University of Utah USA 66
43 Lancaster University UK 65
44 University College Dublin Ireland 64
45 Northeastern University USA 63
46 University of Nottingham UK 62
47 University of Strathclyde UK 61
48 Villanova University USA 60
49 Tulane University USA 59.5
50 University of Colorado Denver USA 59

 

 

 

 

 

 

 

 

Top 50 Marketing

Rank Name of Institution Country Score
1 New York University USA 100
2 Northwestern University USA 99
3 Columbia University USA 98.7
4 Johns Hopkins University USA 98.4
5 University of Bath UK 98
6 University of Melbourne Australia 97.6
7 ESCP Europe Europe 97.3
8 University of Manchester UK 97
9 Erasmus University Rotterdam Netherlands 96
10 Copenhagen Business School Denmark 95.7
11 HEC Paris France 95
12 EADA Spain 94.7
13 Griffith University Australia 94
14 City University of Hong Kong China 93
15 ESSEC Business School France 92
16 Cranfield University UK 91
17 Texas A&M University USA 90
18 Imperial College UK 89
19 BI Norwegian Business School Norway 88
20 Vlerick Management School Belgium 87
21 City University London UK 86
22 ESADE Spain 85.6
23 EBS Business School Germany 85
24 SKEMA Business School France 84
25 Maastricht University Netherlands 83
26 Clemson University USA 82
27 Lancaster University UK 80
28 Monash University Australia 80
29 Aalto University Finland 79
30 University of Strathclyde UK 78
31 University of Newcastle Australia 77
32 University of Nottingham UK 76
33 ISCTE Business School Portugal 75
34 King’s College London UK 74
35 Stockholm University Sweden 73
36 University of Cincinnati USA 72
37 Fordham University USA 71
38 Bentley University USA 70
39 University College Dublin Ireland 69
40 University of Edinburgh UK 68
41 Brunel University UK 67
42 University of Glasgow UK 66
43 University of Stirling UK 65
44 University of Kent UK 64
45 University of Aston UK 63
46 University of Sydney Australia 62
47 University of Leeds UK 61
48 Florida State University USA 60
49 University of Reading UK 59
50 Coventry University UK 58

 

 

 

 

 

 

 

 

 

Top 50 Management

Rank Name of Institution Country Score
1 London School of Economics UK 100
2 IE Business School Spain 99
3 MIT USA 98
4 ESCP Europe Europe 97.5
5 HEC Paris France 97.2
6 Rotterdam School of Management Netherlands 97
7 EMLYON Business School France 96
8 Mannheim Business School Germany 95
9 Imperial College UK 94
10 ESSEC Business School France 93
11 HHL Leipzig Graduate School Germany 92
12 ESADE Spain 91.5
13 Edhec Business School France 91
14 Grenoble Graduate SOB World 90
15 University of St.Gallen Switzerland 89
16 City University London UK 88.7
17 Università Bocconi Italy 88.3
18 Thunderbird School of Global Management USA 88
19 Vlerick Business School Belgium 87
20 Duke University USA 86
21 Bordeaux University France 85
22 Maastricht University Netherlands 84
23 Copenhagen Business School Denmark 83
24 IAG-Louvain Belgium 82
25 University College London UK 81
26 University of Warwick UK 80
27 HEC Montreal Canada 79
28 Brunel University UK 78
29 University of Bath UK 77
30 Télécom Business School France 76
31 Norwegian School of Economics Norway 75
32 Lancaster University UK 74
33 University of Strathclyde UK 73
34 Politecnico di Milano Italy 72
35 University of Economics Czech Rep 71
36 University of Cologne Germany 70
37 University of Edinburgh UK 69
38 Warsaw School of Management Poland 68
39 Aston University UK 67
40 University of Reading UK 66
41 University of Leeds UK 65
42 BI Norwegian Business School Norway 64
43 Catholic University of Portugal Portugal 63
44 Nyenrode Business Universiteit Netherlands 62
45 Antwerp Management School Belgium 61
46 Shanghai Jiao Tong University China 60
47 Aarhus University Denmark 59
48 University of Nottingham UK 58
49 Robert Gordon University UK 57
50 Bradford University UK 56

 

Diversity of Students

Rank Name of Institution Country
1 Columbia University USA
2 IE Business School Spain
3 Harvard University USA
4 Stanford University USA
5 MIT USA
6 University of Virginia USA
7 Cornell University USA
8 HEC Paris France
9 University of Chicago USA
10 New York University USA

 

Diversity of Faculty

Rank Name of Institution Country
1 New York University USA
2 Harvard University USA
3 MIT USA
4 Northwestern University USA
5 Dartmouth College USA
6 London Business School UK
7 Duke University USA
8 Cambridge University UK
9 INSEAD France
10 University of Hong Kong China

 

Value for Money

Rank Name of Institution Country
1 IIM Ahmedabad India
2 IIM Calcutta India
3 Indian School of Business India
4 National University Singapore Singapore
5 University of Melbourne Australia
6 McGill University Canada
7 University of Toronto Canada
8 University of Hong Kong China
9 Duke University USA
10 Carnegie Mellon University USA

 

I Feel that My Education at the Institute was Worth the Money I Spent
60 per cent of B-school alumni said their expensive degree was not worth the money. The conclusion we can draw is that as employees in the real world, these business graduates would have become disappointed with the gap that exists between the idealistic atmosphere of the classroom and the gritty actuality of the real world. This is a clarion call to B-schools to make their curriculum more rooted in reality.

 

Career Services

Rank Name of Institution Country
1 IIM Ahmedabad India
2 Stanford University USA
3 University of Pennsylvania USA
4 Northwestern University USA
5 Dartmouth College USA
6 University of Chicago USA
7 University of Virginia USA
8 National University Singapore Singapore
9 Columbia University USA
10 Cornell University USA

 

Exchange Programmes

Rank Name of Institution Country
1 London Business School UK
2 INSEAD France
3 IE Business School Spain
4 Columbia University USA
5 Cornell University USA
6 IIM Ahmedabad India
7 Duke University USA
8 New York University USA
9 HEC Paris France
10 Indian School of Business India

 

The Teaching Faculty at My Institution are Very Receptive to Discussions, Questions and New Ideas
60 per cent of surveyed students said their professors encourage active participation in the classroom, making the teaching sessions more interactive, rather than a one-way monologue. This is a hallmark of quality teaching as the faculty understands and accepts that learning is not limited to just the textbook and the professor and that innovation springs forth from everywhere.

My Instituion Provides Very Good Campus Support Including Housing
A question that split the students right down the middle, 50 per cent of them said their institute takes good care of them on campus and the other 50 per cent disagreed. What we understand is that those students who wanted assistance approached the support services and came away satisfied. And those who did not require any help did not approach the support service cell and probably responded negatively.

Innovation of Programmes

Rank Name of Institution Country
1 IE Business School Spain
2 University of Pennsylvania USA
3 Northwestern University USA
4 University of Chicago USA
5 University of Virginia USA
6 INSEAD France
7 London Business School UK
8 University of Michigan Ann Arbor USA
9 Carnegie Mellon University USA
10 HEC Paris France

 

Innovation of Teaching Methodologies

Rank Name of Institution Country
1 Stanford University USA
2 Harvard University USA
3 Columbia University USA
4 INSEAD France
5 University of Michigan Ann Arbor USA
6 Carnegie Mellon University USA
7 New York University USA
8 MIT USA
9 University of Chicago USA
10 IE Business School Spain

 

Campus Support

Rank Name of Institution Country
1 Stanford University USA
2 Harvard University USA
3 University of Pennsylvania USA
4 University of Virginia USA
5 University of Chicago USA
6 National University Singapore Singapore
7 University of Michigan Ann Arbor USA
8 MIT USA
9 McGill University Canada
10 IESE Spain

 

Student Satisfaction

Rank Name of Institution Country
1 Columbia University USA
2 New York University USA
3 Harvard University USA
4 University of Pennsylvania USA
5 Stanford University USA
6 Northwestern University USA
7 University of Chicago USA
8 University of Virginia USA
9 London Business School UK
10 INSEAD France

 

Recruiter Satisfaction

Rank Name of Institution Country
1 Harvard University USA
2 Stanford University USA
3 Dartmouth College USA
4 IIM Ahmedabad INDIA
5 University of Pennsylvania USA
6 Columbia University USA
7 London Business School UK
8 Cornell University USA
9 INSEAD France
10 IE Business School Spain

 

Alumni Satisfaction

Rank Name of Institution Country
1 Columbia University USA
2 Cornell University USA
3 University of Pennsylvania USA
4 Harvard University USA
5 Stanford University USA
6 University of Chicago USA
7 Northwestern University USA
8 London Business School UK
9 IESE Spain
10 INSEAD France

 

Extracurrcular Activities

Rank Name of Institution Country
1 University of Chicago USA
2 University of Michigan Ann Arbor USA
3 University of Virginia USA
4 Northwestern University USA
5 Stanford University USA
6 Harvard University USA
7 MIT USA
8 University of California at Berkeley USA
9 Dartmouth College USA
10 Duke University USA

 

 

 

 

 

 

Ranking Methodology

How did We Choose Institutes?

We chose 700 institutes across the world after having discussions with students, recruiters and faculty. We also consulted professional organizations such as AMBA, EQUIS and AACSB. Youth Inc’s Research Unit (YRU) also studied domestic rankings in various countries to find the best institutes.
All the institutes were sent identical surveys. We then contacted current students, alumni, as well as local and international recruiters and gathered specific information about the institutes.

Factors Considered
1. Recruiter perception – Identical surveys were sent to recruiters worldwide. The recruiters were asked to rate the institutes that they were most likely to recruit from. The recruiters were also asked to rate the students they have recruited from specific business schools on several criteria including leadership potential and strategic thinking.

2. Diversity of students – The institutes were asked to report the total number of students on campus and what percentage of the students were international and speak two or more languages. Gender diversity of the students was also considered.

3. Diversity of faculty – The institutes were asked to report the total number of faculty on campus and what percentage of the faculty was international, hold doctorate degrees and accredited with their own publishing material. Gender diversity of the faculty was also considered.

4. Programme innovation – We considered the different ways to construct degree programmes as well as the choice students have in terms of selecting electives.

5. Innovation in teaching methodologies – Institutes were asked to select different teaching methodologies that we considered innovative. Some of these included company visits, dual or multiple majors and course collaborations between different departments at the institute. Our list was selected after surveying students across different campuses worldwide.

6. Value for money – We considered students’ and alumni’s opinions on whether a particular school was perceived as ‘value for money’. We also asked institutes to state the percentage of students who received some sort of funding from the
institutes.

7. Campus support – We asked the institutes, current students and alumni to select the different types of assistance provided by the student office or a similar body on campus. Our list was selected after surveying students across different campuses worldwide.

8. Career service – We asked the institutes, current students and alumni about the availability and functioning of a career service cell and how active such a service was for the students. We also considered what percentage of students were actually placed through the institute’s career service cell, how long it look for such placements and what the average starting salaries were.

9. Exchange programmes – Institutes were asked to report the percentage of students that opted for exchange programmes. We also considered the exchange students present on the institute’s campus.

10. Student satisfaction – Current students and alumni were asked to rate their institutes on various factors including career services, attitude of staff and professors, location and course content.

Actual Methodology
We sent invitations to 700 institutes. Institutes were provided a password using which they could send us their completed survey online. They were asked to answer questions relating to full-time faculty, career services,
student and programme information and all the factors listed above.
We contacted current students and alumni of the institutes and asked them to rate specific statements which were pertaining to the factors we considered in this ranking. Many institutes preferred to send the survey links to their students and alumni directly.
Over 8000 recruiters were sent emails with a survey. The recruiter list was prepared from the responses of the institutes and also included internationally well known recruiters. The recruiters were asked to enlist institutes that they were likely to recruit from.
Each factor was made up of a set of questions. The total percentage attributed to that factor was based on the average score of the responses multiplied by the assigned weightage. We then totalled the score from all factors and sorted the scores from highest to lowest. The school(s) with the highest score was ranked first.

Not Just Numbers!
After we received the total computed scores for the institutes, we subjectively analysed the data provided by the institutes, current students, alumni and recruiters. If we found discrepancies in the satisfaction scores and the subjective descriptions, we omitted the data.

Institutes that did not Fill Out the Survey Reports in Time
Out of 700 institutes that were contacted, 120 institutes did not complete the survey on time or did not respond. We used publicly available information on the institutes to include them in our ranking. We also contacted current students, alumni and recruiters of these institutes and compared the data we received with the data from institutes that did participate.

Special Notes
Masters in Finance – The programs include the pre-experience as well as the post-experience Masters programmes. The ranking also includes the programmes which are recently established.
Masters in Management – Certain Masters in Management programmes with specialisations are also included in the ranking.
Masters in Marketing – Combination courses of marketing with communication and other fields are also included in the ranking.
Online MBA – Certain factors such as campus support and exchange programmes were omitted in the factors considered for the ranking.

 

INFORMATION INFORMATION INFORMATION
REPORTED BY REPORTED REPORTED BY
THE SCHOOL BY CURRENT ALUMNI
STUDENTS
Diversity of 2% 2% 2%
Students
Diversity of 2% 2% 2%
Faculty
Innovation of 2% 2% 2%
Programs
Innovation 2% 2% 2%
in Teaching
Methodologies
Value for Money
Campus 2% 2% 2%
Support
Career 4% 4% 4%
Service
Exchange 2% 2% 2%
Programs
Student 2% 2% 2%
Satisfaction
20% 20% 20%

 

 

Information Reported by Recruiters

Recall of institute where to recruit from 10%
Likelihood of recruiting from same institute again 10%
Overall satisfaction with students recruited 10%
Satisfaction with institute career cell 10%
40%

 

We contacted current students, alumni and local and international recruiters to gather specific information about the institutes.

Volume 2 Issue 5

20 COMMENTS

    • It was high time that a reliable source actually created rankings. the only rankings we see our the sad Indian business schools all the time.

  1. Slowly Indian schools are making it big! Now we have 4 top ones here – IIM-A, ISB, IIM-K and SP Jain. I am not sure if SP Jain even should be included in these rankings as its more of a local school located in Mumbai.

      • Yes but its a newer school and doesnt have that kind of reputation as the IIMs. If SP Jain is included, then what about IMT, FMS and others in the North of India? Why only a Mumbai college?

        • It has got nothing to do with SP Jain being in Mumbai. As far as being new goes, ISB is the newest in the list from India. Being old or new doesn’t really make a difference, nor has it got anything to do with which part of India the B-School is located in. For example, both MIT and Harvard are both in Boston and in the top 10 here.

  2. I saw the article in the DNA newspaper this morning. Everyone seems to be excited about Indian schools finally being ranked globally! Well done guys!

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