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Five Indian business schools including four Indian Institutes of Management (IIMs) have found a place in the top 100 schools in Financial Times’ Global MBA Ranking 2021.

According to the rankings released on Monday, Indian School of Business (ISB) has been ranked 23 in the world, IIM Bangalore 35, IIM Calcutta and IIM Ahmedabad 44 and 48, and IIM Indore 94.

While IIM Indore entered the top 100 list for the first time, ISB improved four positions and IIM-A climbed 13 places. But IIM Calcutta dropped two spots and IIM Bangalore dropped eight spots.

The FT ranking is considered an authoritative yardstick of the quality of management studies, with businesses rating it highly. Data used for the ranking includes alumni salaries three years after they graduated, the number of research papers published in quality journals, overall satisfaction of students, and the diversity of students and faculty.

This year, INSEAD, based in France and Singapore, topped the ranking, followed by London Business School and Chicago: Booth School of Business. Data gathering was disrupted last year by the pandemic, which led a number of US schools including Harvard, Stanford and Wharton to suspend participation, FT said.

IIM Calcutta said it performed well in career progress, female student percentage and international makeup of faculty.

“The global education sector was shocked to the core in the wake of the pandemic in 2020. The physical education delivery model as we knew it came to a standstill and most countries like ours are still struggling to get back on their feet and bring students back to physical classrooms safely. However, we emerged strongly in adversity by introducing a blended model for learning continuity. Education in the new normal will be about resilience and non-stop learning," Anju Seth, director, IIM Calcutta, said by email.

ISB, which was ranked number one in India and third in Asia, said it continued to progress in the weighted salary and career service rank year on year.

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