Business Today-Nielsen Release Rankings of Indian Business Schools
Business Today, together with partner Nielsen, this week released its annual ranking of India’s top management schools, and the government-run Indian Institutes of Management (IIMs) constituted seven of the top 10. Among them, IIM Bangalore displaced IIM Ahmedabad for the first time in eight years to seize the top spot. IIM Calcutta came in at second, and IIM Ahmedabad fell to third place, the first time since 2002 that it hasn’t come in first.
According to the Business Today editors, IIM Bangalore was helped to the top by “its unmasked ambition for growth and an increased thrust on research.”
That IIMs dominated the upper ranks was nothing new. “In the context of business education in India, an MBA degree from an IIM has always been the key to riches, glory and recognition,” read the Business Today article. Other top ranking government schools this year included IIM Indore, IIM Lucknow, IIM Kozhikode and IIM Shillong.
Rounding out the top 10 this year were privately funded Indian Institute of Foreign Trade (IIFT) New Delhi, which catapulted to seventh from its 11th ranking last year, Indian School of Business (ISB) Hyderabad, which dropped one spot to come in at eighth, and FMS Delhi and XLRI Jamshedpur, which tied for 1oth.
The Business Today editors noted that much bigger changes to the rankings could be in store if the Foreign Education Bill, now being considered by India’s parliament, passes. It would allow the entry of foreign universities into India, and already schools like Duke University’s Fuqua School of Business, York University’s Schulich School of Business and Georgia Institute of Technology have expressed interest in setting up campuses in India.
Leading Indian business schools say they will welcome the new schools if they come. “Yes, good institutions are likely to come, and we could all do with some healthy competition,” IIM-Ahmedabad’s Director Samir K. Baura told Business Today.
For the complete Business Today-Nielson rankings, click here.