B School Rankings in
Anyone who aspires to be an MBA, must have searched the net for B-School rankings. Even those who have no direct interest in B Schools, browse through the newspaper and magazines reports and special features for rankings and placement figures. And the media helps by creating a hype, by projecting the placement figures which are always scaling up. One fine morning, the headline is: ISB graduate gets 1 Crore as starting salary! The nation wonders, and boys can see something in the eyes of their fathers. Expectations rise.
B School rankings have not always been controversial. The controversies started when the B Schools starting pushing their brands and marketed themselves in all possible ways. They consistently objected in the rankings where they were ranked lower than their immediate competitors. There has been some undercurrents, that some rankings are fixed.
MBA coaching institutes play a major role in shaping public opinion. Lately, the coaching institutes have gone quality conscious, they won’t put any one up or down because that affects their credibility. TIME [Link] is one such institute offering preparatory classes for CAT and other management entrance exams. TIME had come out with a new concept: they won’t rank the institutes, but they will categorize them. Here is the ranking according to TIME: [Link]
The Top 90 management institutes in the country have been divided into five broad categories. A numerical ranking often does not have a sound scientific basis. The parameters and, more importantly, the weightages given to these tend to be extremely subjective.
A qualitative analysis of a B-school on pre-determined parameters can however give you a more comprehensive picture. These parameters include placements track records, quality of faculty members, quality of students, quality of infrastructure, image of the institute, etc. However being based on perspective, the resultant rankings too, are thus subject to many fierce debates. T.I.M.E. has used its extensive student database and years’ of experience in the field to categorise the top 90 institutes.
Given below is the categorisation of the Top B-Schools. Please note that within each category, the B-Schools are listed in alphabetical order – there is no ranking or grading WITHIN each category.
For each institute included in our list, it is the flagship course of that institute that has been considered for the purpose of the categorization. For example, while the IIMs have different programmes, it is the PGP programme that has been considered for including the IIMs in the top 10.
As a part of the selection criteria, a number of management institutes also include a minimum percentage of marks to be scored by the students in their graduation for the students to be eligible to apply to such institutes.
Broadly, these categories are meant to aid the students in applying to institutes. Within a category, the institutes are of approximately the same quality. Of course, the categorisation is only indicative and students should make independent inquiries before taking a final decision about which institutes to apply to.
The Top 10 are the so-called ‘Ivy-League’ institutes that every student dreams of getting an admission into. Many of these institutes are comparable with the best in the world. Indeed, some of them regularly feature in the lists released by international business magazines. These institutes invariably have a 100% placement record. Even the not-so-good students at these institutes manage to get very good jobs on account of the rub-off effect of the institute.
The “A+” & “A” categories of institutes are those that fall into the Top 35. They offer a high quality of education in terms of faculty quality and infrastructure facilities. These institutes usually have a 100% placement record. Only the poor performers at these institutes may have some difficulties regarding placements. Some of the top students at these institutes should be able to secure placements that are comparable to those offered at the Top 10 institutes. Most students should be more than happy to join these institutes if they are able to get admission.
The “B+” category of institutes offers a consistent quality of education in terms of faculty quality and infrastructure facilities even though these may not be comparable to those of the top institutes. These institutes are successful in providing placements to their top students, especially those with good communication skills, but do not have a 100% placement record. A student at one of these institutes would have to work extra-hard to secure a good rank and high marks so as to enhance his placement chances.
The “B” category of institutes are those that are well regarded at a local level. These institutes may not provide too many national level placement opportunities but are generally successful in providing placements to many of their students with prominent local companies.
“TOP TEN” Category (in alphabetical order) –
1. Faculty of Management Studies (FMS),
2. Indian Institute of Management (IIM), Ahmedabad
3. Indian Institute of Management (IIM),
4. Indian Institute of Management (IIM),
5. Indian Institute of Management (IIM),
6. Indian Institute of Management (IIM),
7. Indian Institute of Management (IIM),
9. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai
10. Xavier Labour Relations Institute (XLRI),
“A+” Category (in alphabetical order)
1. Indian Institute of Foreign Trade (IIFT),
2. Indian Institute of Technology (IIT),
3. Management Development Institute (MDI), Gurgaon
4. Mudra Institute of Communication, Ahmedabad (MICA) (for Marketing/Advertising)
5. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
7. S.P. Jain Institute of Management and Research (SPJIMR), Mumbai
9. Symbiosis Institute of Business Management (SIBM), Pune
10. Tata Institute of Social Sciences (TISS), Mumbai
“A” Category (in alphabetical order)
1. Bharathidasan Institute of Management (BIM), Trichy
3. Goa Institute of Management (GIM),
4. Indian Institute of Science (IISc.),
5. Indian Institute of Technology (IIT), Kharagpur
6. Indian Institute of Technology (IIT),
8. Institute of Rural Management , Anand (IRMA) (for Rural Management)
9. International Management Institute (IMI),
10. K.J. Somaiya Institute of Management Studies, Mumbai
11. Sydenham Institute of Management Studies and Research and
Entrepreneurship Education, Mumbai
12. Symbiosis Centre for Management and Human Resources Development (SCMHRD), Pune
13. T. A. Pai Management Institute (TAPMI), Manipal
15. Xavier Institute of Management (XIM),
“B+” Category (in alphabetical order)
1. Amrita Institute of Management (AIM),
2. Birla Institute of Management Technology, NOIDA
3. Chetna’s R. K. Institute of Management Studies and Research, Mumbai
4. Department of Commerce and Management Studies,
5. Department of Financial Studies,
6. Great Lakes Institute of Management , Chennai (One year Course)
11. Indian Institute of Foreign Trade (IIFT), Kolkata Campus
12. Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata
13. Indian Institute of Technology (IIT),
14. Institute for Financial Management and Research, (IFMR) Chennai
16. Institute of Technology & Management (ITM), Mumbai
17. Kirloskar Institute of Advanced Management Studies (KIAMS), Harihar, Karnataka
18. Lal Bahadur Shastri Institute of Management,
19. Loyola Institute of Business Administration (LIBA), Chennai
21. Nirma University Institute of Management, Ahmedabad
22. S.P. Jain Institute of Management and Research (SPJIMR),
23. SDM Institute for Management Development,
24. Symbiosis Institute of International Business (SIIB), Pune
25. Welingkar Institute of Management, Mumbai
“B” Category (in alphabetical order)
3. Bharatiya Vidyapeeth, Pune
4. Birla Institute of Technology, Mesra,
5. B. K. School of Business Management, Ahmedabad
8. Faculty of Management Studies, BHU,
10. Indian Institute of Forest Management (IIFM),
11. Indian Institute of Planning & Management,
14. Institute of Technology & Management (ITM),
15. Institute of Technology & Management (ITM), Chennai
16. MBE Program of the
19. PSG Institute of Management,
20. R A Podar Institute of Management, Jaipur
21. School of Communication & Management Studies (SCMS),
23. Siva Sivani Institute of Management (SSIM),
24. Sri Ram College of Commerce, MBA-GPO,
26. Symbiosis Institute of Management Studies (SIMS), Pune
27. Symbiosis Institute of Telecom Management (SITM), Pune
28. Xavier Institute of Management and Entrepreneurship (XIME),
29. Xavier Institute of Social Sciences (XISS),
30. Xavier Vignana Jyothi Institute of Management (XVJIM),
But there are some who would love number game. Many institutes, magazines and newspapers come out with numbered rankings.
With the popularization of internet, a new medium has come up: internet based preparation aids. These websites make use of all the features of the internet. UrPercentile [Link] is a very good site. It is based on the power of Yahoo Groups [Link]. Here, members get daily practice assignments, which they have to solve and send the answers to the group. Next day, the solutions will come. In case of any doubts, the moderators and other members of the yahoo group will help the person. It is a strong network. It is promoted by the MBAs from IIMs and other top institutes.
Let us see the B School rankings provided by UrPercentile. [Link]
1. Indian Institute of Management (IIM), Ahmedabad
2. Indian Institute of Management (IIM),
3. Indian Institute of Management (IIM),
4. Indian Institute of Management (IIM),
5. Xavier Labour Relations Institute (XLRI),
6. Faculty of Management Studies (FMS),
8. S.P. Jain Institute of Management and Research (SPJIMR), Mumbai
9. Indian Institute of Management (IIM),
10. Indian Institute of Foreign Trade (IIFT),
11. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
12. Management Development Institute (MDI), Gurgaon
13. Institute of Rural Management , Anand (IRMA) (for Rural Management)
15. Indian Institute of Management (IIM),
16. Xavier Institute of Management (XIM),
17. VGSOM, IIT Kharagpur
19. SJMSOM, IIT Mumbai
21. IIT Roorkee
23. Fore School of management,
24. Tata Institute of Social Sciences, Mumbai
The complete ranking list up to All India Rank 101 is available at their site at the link mentioned [Link].
There are several rankings available and many of them are not fair. If you personally ask me, I would recommend these two, because I know both of these personally. I believe both rankings are fair. The differences between these two rankings, if any, are because they are prepared by two different sets of junta. TIME ranking is based on the experience of the institute’s faculty and feedback of the students selected from the past from the institute. And the Ur Percentile ranking has been prepared by the moderators, who are MBAs themselves, and know the inner world, something beyond the hype.
[Mumbai, 11 July 2007]