NEW DELHI: Four Indian B-Schools have found place among the top 50 management schools in the fresh Financial Times (FT) Global MBA Rankings 2019 released on Monday.
Indian School of Business (ISB) has been ranked the best from India with a global ranking of 24th, followed by Indian Institute of Management (IIM) Bangalore at 33rd place. The other two in the top 50 are IIM-A at 47th and IIM-C at the 49th place. FT Global Ranking considered as one of the top barometers of the quality of B-Schools in the world, takes into account several factors, including salaries earned, employment, research capabilities, alumni recommendation, and value for money among other factors.
Except IIM-A, which slipped 16 ranks in 2019 as against 2018, ISB jumped four places, IIM-B (two) and IIM-C increased its standing 29 places to be in the top 50. Among top 100 B-Schools, though India’s overall does not increase – with four schools, it is as the fifth best country. US has 51 B-Schools, the UK has 11, China six and France five schools in the top 100. Singapore, Australia, Canada and Germany have three each in the top 100 list.
FT Rankings termed IIM-C as the biggest gainer. “Up 29 places from 78th to 49th, IIM Calcutta made the biggest leap this year. Alumni have the ninth largest percentage increase on pre-MBA salaries (139%, up from 117% last year). They are seventh for career progress," the FT said and quoted IIM-C alumni as “great faculty, great peer group, wonderful campus. Humble ways of teaching, yet rich in content that is time relevant and forward looking."
“Several factors have contributed to this improvement in the rankings. With a 187% salary increase of its alumni, ISB is ranked at 3 worldwide on that parameter. At 34% women students, ISB has the largest intake of women students amongst Indian business schools, ISB said in a statement.
“ISB was established with a vision to be a globally top ranked, research driven, management institution. After 12 years of the School’s consistent top performance in the FT Global MBA Rankings 2019 we can be proud of our global positioning as an institute of eminence from India. It is very heartening to see three other prominent business schools from India feature in the Top 100. This goes a long way in helping strengthen the Study in India initiative and help promote India as a destination for high quality management education," said ISB Dean Rajendra Srivastava.