Friday, October 19, 2007

Business India Rankings 2007: IIMs occupy top slots; ISB, XLRI and MDI shine

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After Outlook and Business Today magazines, its now turn of Business India to publish its B-School Rankings.
In the issue dated October 21, 2007 titled ‘India’s Best B-schools 2007’, Business India has ranked three IIMs in the top three slots. Not surprisingly, while IIM-A is on the top of the rankings, IIM-B and IIM-C occupy the #2 and #3 ranks respectively. Indian School of Business, Hyderabad is ranked at #4.

The survey ranks institutes into a total of 10 categories: Top 20, and then nine grades A++, A+, A, B++, B+, B, C++, C+ and C. The survey is based on evaluation of parameters like ‘intellectual capital’, ‘learning ambience’, ‘corporate networking’ and ‘brand value’. This is the eight such ranking by Business India and was led by Mr A. Thothathri Raman.

Several other prominent B-schools occupy places in the Top 20 list. XLRI Jamshedpur is ranked at #6, MDI Gurgaon is ranked at #7 and ICFAI Business School, Hyderabad is ranked at #8. (See table below)

The survey is upbeat about Indian management education. Writes Business India, “If there was a B-school index, it would be giving the Sensex a good run for its money. The stockmarket isn’t the only money machine to make crorepatis out of middle-class people. Indian B-schools are churning their fair share too.”

While the list of top 20 B-schools and A++ B-schools, which includes 21 other schools, is in sync with management experts, interestingly only one B-school from IITs makes the cut. SJMSOM of IIT Mumbai is included as A++ B-school while IISc Bangalore, IIT Kanpur, IIT Kharagpur, IIT Delhi, IIT Madras, and IIT Roorkee also offer Programmes in Management. Similarly many specialized institutes like MICA, Ahmedabad and IRMA, Anand don’t feature in top 41 institutes.

Apart from the Rankings, the issue covers management education trends in great detail. Several features like ‘Red Hot and Rising’, ‘Great Show, but more to do’, ‘Time to reform AICTE’ and ‘Wooing the campus’ offer interesting reading. The issue also features columns by several academicians including: Dr Bala Balachandran of JL Kellogg School of Management; Dr BS Sahay, Director, IMT; Dr C S Venkata Ratnam, Director, IMI; AK Sengupta, Director, SIES, Navi Mumbai.

Business India B-school Ranking 2007

Rank. Institute

1. IIM Ahmedabad
2. IIM Bangalore
3. IIM Calcutta
4. Indian School of Business Hyderabad
5. IIM Lucknow
6. XLRI Jamshedpur
7. MDI Gurgaon
8. ICFAI Business School Hyderabad
9. SP Jain Inst. of Management Mumbai
10. IMT Ghaziabad
11. Faculty of Management Studies Delhi
12. NITIE Mumbai
13. NMIMS University Mumbai
14. International Management Institute Delhi
15. Jamnalal Bajaj Inst. of Management Mumbai
16. Xavier Institute of Management Bhubaneswar
17. Indian Institute of Foreign Trade New Delhi
18. SCMHRD Pune
19. Welingkar Institute Mumbai
20. LBSIM New Delhi

Source: Business India, October 21, 2007

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