There are no real surprises in the recently published ‘India’s Top B-schools’ survey, conducted by a leading business magazine Business World (BW).
The BW survey, published in issue dated December 24 - 2007, puts Indian Institute of Management Ahmedabad at the top of the league tables. Apart from IIM-A, there are three other IIMs that make it to the Top 10 table.
Widely regarded as leading private B-schools, Xavier’s Labour Relations Institute (XLRI), Management Development Institute (MDI), Faculty of Management Studies (FMS) Delhi, Mumbai based SP Jain Institute of Management & Research all make it to the Top 10 table. National Institute of Industrial Engineering, Mumbai is perhaps the only real surprise in the Top 10 list. IIM Bangalore did not offer complete details and was hence not ranked, says the survey.
Indian Institute of Foreign Trade, Narsee Monjee Institute of Management Studies, Mumbai and Institute of Management Technology, Ghaziabad are some other B-schools that have done well on the survey.
Amongst the B-schools that have moved up rapidly on the survey rankings, when compared to last survey in 2005, include Bangalore based Alliance Business Academy and Chennai based Loyola Institute of Business Management. Alliance Business Academy is ranked at # 15 and Loyola Institute is ranked at # 20.
Business World Survey 2007: Top B-schools league table
# 1 Indian Institute of Management, Ahmedabad
# 2 Indian Institute of Management, Kolkata
# 3 Xavier Labour Relations Institute, Jamshedpur
# 4 Indian Institute of Management, Kozhikode
# 5 Management Development Institute, Gurgaon
# 6 Faculty of Management Studies, Delhi
# 7 Indian Institute of Management, Lucknow
# 8 National Institute of Industrial Engineering, Mumbai
# 9 SP Jain Institute of Management & Research, Mumbai
# 10 Indian Institute of Management, Indore
# 11 Indian Institute of Foreign Trade, Delhi
# 12 Narsee Monjee Institute of Management Studies, Mumbai
# 13 Institute of Management Technology, Ghaziabad
# 14 Xavier Institute of Management, Bhubneshwar
# 15 Alliance Business Academy, Bangalore
Source: Business World, Dec 24, 2008
The Business World survey was done is conjunction with research agency Gfk- Mode. The survey contacted 202 B-schools of which ninety six B-schools participated by answering the questionnaire. Notably, the survey back checked all data with a ‘facility audit’. Says Business World survey, “BW has followed the facility audit methodology. All these B-schools were visited and 2000 students were interviewed to verify the information.” Taking about parameters used in the survey, BW says, “The scoring was done on five parameters, each with different weights.” The survey also included feedback from recruiters.
Parameters and their weightages for BW are: Living Experience (campus infrastructure) 150; Learning experience (qualification and experience of faculty) 300; Placement experience (placement performance and salaries) 250; Return on Investment (salaries received in comparison to the cost of the programme) 200; International exposure (tie-ups with foreign campuses and exchange programme) 100. Weightages were allocated from a total of 1000.
According to BW, some of B-schools that did not participate in the survey include Jamnalal Bajaj School of Management, Institute of Rural Management Anand and Department of Management Studies, IIT Delhi.
This survey completes that 2007 B-school survey reports. As reported on this management portal earlier, several media rankings have been released in past few months. Prominent media rankings include Outlook, Business India and Business Today.
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