The Indian Institute of Management (IIM), Ahmedabad and IIM, Calcutta, have emerged as the top B-Schools in the country, according to an annual survey conducted by the Mint, in association with MBA Universe.
The survey – which also saw Jamshedpur’s XLRI-Xavier School of Management, IIM-Lucknow, and Mumbai’s SP Jain Institute of Management and Research grab the next three spots – was based on three parameters:-
1. Quality of students admitted (marked out of 300)
2. Teaching and learning processes adopted (marked out of 400)
3. Placement and entrepreneurship results (marked out of 300)
A total score (out of 1000) was calculated for each institute, and the rankings were based on which institute secured the highest total score.
The surveyors say that no perception-based, qualitative survey was undertaken as it lacks transparency. It took into consideration only two-year full-time management courses. It also points at certain key trends in B-schools across the country. For example, the top two schools (IIM-A and IIM-C) are far ahead of any other B-school as well as the next set of IIMs. However, new IIMs like Trichy, Udaipur and Kashipur are rising up the charts.
It also shows that PGDM B-schools are amongst the best in India. In the wake of IIM Bill, concerns have been raised about the PGDM diploma offered by private B-schools. MBA aspirants would do well to note that XLRI (#3), SPJIMR (#5), MDI (#6) and IMI New Delhi (#9) are all offering PGDM program and are at par with top IIMs. Some private B-Schools like NMIMS Mumbai, SIBM Pune and SCMHRD Pune continue to secure top ranks.
The survey says that top schools are flocking for global accreditation to boost their brand image and unlike engineering schools, are also admitting more women off late. It also concludes that a subdued economy in the last few years is affecting the salaries of management graduates.
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