QS global 2009 Survey

BANGALORE: Employers are making a B-line for IIM-B, as per a survey. The Indian Institute of Management, Bangalore, (IIM-B) is among the top 10 preferred B-schools in the Asia Pacific region. The QS Global top 200 business schools 2009 survey has put IIM-B at sixth position in the region.

IIM-Ahmedabad, IIM-Calcutta and ISB Hyderabad are a close 11, 12 and 13th rank. Many factors went into the survey — quality of students, specialization, success of alumni and activities of alumni network — sources associated with the research told TOI.

The global survey has thrown up interesting trends in gloomy times. Business schools in India are becoming a major focus for employers as the country’s economy demands ever more professional managers. The report lists 200 business schools currently preferred by most international employers for hiring MBA graduates.

The report available with TOI demonstrates that MBA employers around the world are increasingly targeting a broader selection of regionally strong B-schools from which to hire MBA graduates. This trend may be accelerated by the recessionary environment, even as overall MBA hiring numbers fall.

The pressures of globalization mean that beyond the traditional MBA employers, there are growing number of regional MBA employers who may not have the budget to pay the salaries demanded by MBAs from elite schools. As a result, MBAs who are pro-active in their search and flexible in terms of salary expectations are expanding their range of opportunities, even in the time of recession, sources said.

Interestingly, B-schools in the Asia-Pacific region are strengthening their role in the MBA market. “In fact, the number of Asian and Australian schools in the QS global survey has increased from 10 in 2004 to 40 this year — a massive jump reflecting their growing status. It also reflects the importance of Asian recruitment amongst employers.

The Quacquarelli Symonds (QS) is said to be the most exhaustive research on global B-schools. It has won appreciation from the likes of Harvard and Wharton schools.

In the top 30 league is the Delhi University (22nd rank), which figures for the first time, and SP Jain Institute of Management and Research (21 rank). The list consists — 72 schools in North America, 70 in Europe, 40 in Asia Pacific region, 12 in Latin America and 6 in Africa and West Asia.

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FT Global MBA Ranking 2009

1. University of Pennsylvania: Wharton, U.S.A.
2. London Business School, U.K.
3. Harvard Business School, U.S.A.
4. Columbia Business School, U.S.A.
5. Insead, France / Singapore
6. Stanford University GSB, U.S.A
7. IE Business School, Spain
8. Ceibs, China
9. MIT: Sloan, U.S.A.
10. New York University: Stern, U.S.A
11. University of Chicago: Booth, U.S.A
12. Iese Business School, Spain
13. Dartmouth College: Tuck, U.S.A.
14. IMD, Switzerland
15. Indian School of Business, India
16. Hong Kong UST Business School, China
17. University of Cambridge: Judge, U.K
18. Esade Business School, Spain
19. Yale School of Management, U.S.A
20. University of Oxford: Saïd, U.K.
21. Northwestern University: Kellogg, U.S.A
22. Duke University: Fuqua, U.S.A
23. University of Michigan: Ross, U.S.A
24. Emory University: Goizueta, U.S.A
25. Nanyang Business School, Singapore

(Source: Financial Times)

IIM-B ranked as best B-school in Central Asia

BANGALORE: Indian Institute of Management Bangalore (IIM-B) has been ranked as the best business school in Central Asia by a Paris based agency which evaluates B-schools world wide.

The IIMB has been announced as best business school in covering in Central Asia covering Central and South Asia and the Middle-East by Eduniversal said IIMB Director Prof Pankaj Chandra at the 35th foundation day function today. The award would be presented during the Eduniversal World Convention scheduled to be held in Paris on November four and five.

"IIM-B has also been ranked amongst the top 27 business schools in the world from a list of 1,000," he said.

The award recognises the three best institutions within each of the nine Eduniversal geographical zones - Africa, Middle East, Eastern Europe, Western Europe, Latin America, Northern America, Central Asia, Far Eastern Asia and Oceania.

The deans of the 1,000 best B-schools from 153 countries have ranked IIM-B as the best business school in the Central Asia Zone, with a recommendation rate of 398 per thousand, followed by IIM-A (379) and IIM-C (321), classified under "internationally known".

According to IIM-B, Eduniversal selection endorses its international reputation and influence, defined as the capacity of a business school to make a student valuable and thus to improve their employability in domestic and international spheres.

The process of selection involved a global mapping system, meeting the criteria universality and the international reputation of each academic institution.

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Also in DNA

Zee Business conducts first B-School survey on TV

Zee Business, the Hindi business news channel from the house of Zee News Ltd, is conducting a Business School survey, in association with international research firm Synovate.

The survey, claimed to be the first such B-School survey in India by a TV channel, would be a ready reckoner for both aspiring B-School students and recruiters. The survey results will be out by the end of this month.

Talking on the occasion, Barun Das, CEO, Zee News Ltd, said “This is our first initiative to connect with B-schools and the future business professionals.”

The Zee Business B-School survey is currently on and is being currently carried out across the top Indian Cities & towns. A special microsite, www.zeebiz.com/bschool, has also been created for general public to give their opinion on who they feel should be India’s Best B-School.

As top Indian B-schools churn out young managers for a global market- place, the leading management institutes are looking for ways to become more global. The idea is to create managers who are ready for an increasingly flat world.

“The key aspect that will set our survey apart from the many B-school surveys in the country will be our focus on the Global Linkages - be it Global Placements, International Internships or Global Faculty”, says Raktim Das, business head, Zee Business.

“Our methodology is a very robust one. We are polling all the stakeholders of a B-school, comprising MBA wannabes, recruiters, young executives, current MBAs, and management school faculty.” says Samir Ahluwalia, editor, Zee Business.

“We are not trying to quantify parameters that are debatable such as the number of academic papers written by the B-school’s faculty or how many books it has in its library or how big is the campus.” Ahluwalia adds.

The survey is being carried out across the top 10 cities of Delhi, Mumbai, Kolkata, Chennai, Bangalore, Patna, Guwahati, Lucknow, Jaipur and Ahmedabad.

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Business Today-Nielsen B-school Survey 2008

Rank. Institutes

1. IIM-A

2. IIM-B

3. IIM-C

4. SIBM Pune

5. IIM-L

6. XLRI

7. JBIMS Mumbai

8. IIM-I

9. ICFAI Hyderabad

10. FMS Delhi

(Source: Business Today Edition - July 13, 2008)

IIM-A once again: Sunday ET B-School survey

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They are factories producing business leaders of the future. And are going to play a big role in making India, the talent capital of the world. B-schools have always been a hot subject for business publications in the country, but it’s their perceptual value that makes them ‘hot’ amongst the hiring fraternity.

As 2007 draws to a close, Sunday ET commissioned global research major Synovate to identify some of the big B-schools to watch out for in 2008, on the perceptual benchmarks laid down by India Inc. The survey of the top CEO and HR heads had a story to tell. While some IIMs, ISB and the likes of FMS were bunched together as the top choices by the industry, it was interesting to note second rungs making a prominent mark amongst the top 20 B-schools.

And threaten the popularity of some B-schools that have traditionally ruled the chart. Savour this. Symbiosis, Pune and IMI Delhi outscored the likes of XLRI and IIM Lucknow and others like K J Somaiya and S P Jain Institute finding a stronger favour over IIM Kozikode and MDI Gurgaon. This clearly points to the fact that second line of management education is readying itself and will keep big brothers on their toes. However, Big Bs still rule. The IIM-A bags the top slot followed by IIM-B among the top B-schools in the country. And which management institute has the best faculty and is constantly up-grading? It’s IIM-A once again!

IIMs, XLRI, MDI, dominate Business World Top B-schools Survey rankings

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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.

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

Outlook B-School Survey 2007

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Leading news magazine Outlook released its annual B-School survey, conducted by research firm Cfore.

For the first time, the survey has classified B-Schools into four categories: Government/ PSU B-Schools, Private B-Schools, University Departments and Sectoral B-Schools. The Indian Institute of Management, Ahmedabad (IIM-A); XLRI Jamshedpur; Delhi University’s Faculty of Management Studies (FMS); and the Indian Institute of Rural Management (IRMA) have topped respective league tables. The survey notes that while IIMs are still on top, many aggressive private B-schools are fast catching up. Says the Survey, “The most important development has been the initiative of private institutes in critical areas such as research, entrepreneurship and innovation. Although some are still behind the top IIMs in terms of overall scores, non-government schools are catching up fast.”

In the government-assisted B-Schools, IIM-A, IIM-B, IIM-C, IIM-L and Management Development Institute (MDI) Gurgaon have grabbed the first five slots. Mumbai-based NITIE, Delhi-based IIFT, and IIT Mumbai’s SJM-SOM are other B-schools to find place.

It’s in the Top 10 private B-schools table where the competition is intense. XLRI tops the list; Mumbai-based SP Jain Institute of Management and NMIMS are followed by IMT, Ghaziabad and Hydeabad-based ICFAI Business School (IBS). XIM-Bhubaneshwar, IMT Delhi and Symbiosis Pune too find places in this table.

Delhi University’s FMS tops the University Department based B-schools. Mumbai-based Jamna Lal Bajaj Institute of Management (JBIMS) and University Business School (UBS) Chandigarh are the other top B-schools in this category.

The Survey provides rankings to 14 government institutes, 50 private B-schools, 10 University departments, and 7 sectoral B-schools.

While the overall ranking tables are presented by institute classifications, the Survey offers some insights into how top B-schools stack up when compared across the spectrum. IIM-A, IIM-B, IIM-C, XLRI and MDI, for instance, are ranked as top five B-schools on the ‘Industry interface’ parameter. On the important parameter of ‘Placement Performance’, IIM-A, IIM-C, IIM-B, XLRI and IIM-L are ranked on top.

Business Today- AC Nielsen B-school Survey ‘07

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Leading business magazine Business Today has come out with its annual B-school survey – India’s Best B-Schools. The survey is conducted by market research agency AC Nielsen. Survey puts IIM-A, IIM-B and IIM-C in top 3 slots.

IIM-L and IIM-I are stacked at no 5 and no 6 slots. While this may sound predictable, the surprise comes from the strong showing from Mumbai based NMIMS and Hyderabad based ICFAI Business School. NMIMS has moved up the rankings rapidly to get 10th slot. It was pegged at no 17 in last survey. ICFAI Business School moved up by 4 ranks to be pegged at no 9 this year.

In a marked departure from other B-school surveys, the BT-AC Nielsen survey is based on a ‘poll’ of MBA-stakeholder. Says the survey, “We poll all the stakeholders of a B-school, comprising MBA wannabes, recruiters, young executives, current MBAs, and functional heads. Therefore, we don’t try to quantify debatable parameters such as the number of academic papers written by B-school faculty or how many books it has in its library.” Most other B-school surveys are based on data collected on parameters like institute’s infrastructure, intellectual capital and placement records.

Noting that Indian Institute of Management Ahmedabad is a winner by far, survey says, “Broadly speaking, there are two dimensions to IIM-A’s success as a premier B-school. One, the quality of the institute’s faculty and students. Two, the academic freedom the institute has enjoyed over the decades that has led to incredible innovation”.

How can aspiring B-schools move up the pecking order of BT survey? Survey offers some clues: “Apparently, placements, quality of infrastructure, reputation, and specialization. While MBA wannabes put placement and reputation ahead of other factors such as faculty or teaching methodology, the recruiters valued infrastructure, specialization, and teaching methodology, which includes things like faculty-student ratio, counseling and industry exposure.”

Survey is based on Nielsen’s proprietary ‘Winning Brands’ model. This considers eight different attributes- reputation, teaching methodology, infrastructure, placement, admission eligibility, faculty, specialist units, and quality of placements. The survey is based on data collected from 592 respondents in 12 cities.

How top 10 B-schools stack up in BT survey ‘07:
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Source: Business Today, September 23, 2007