The Indian School of Business (ISB) has now surpassed the Indian Institute of Management Bangalore (IIMB) to become the top-ranked Business school in India. The latest Financial Times (FT) Global MBA Ranking was released recently. According to the list, ISB of Hyderabad grabbed the 23rd position while IIMB ranked 35th.
The FT Global MBA Ranking gives a list of top 100 institutes that provide MBA programmes. These institutes are difficult to crack and ask for compulsory experience certificates. Both full time one year and two-year courses are available in these institutes.
Last year, ISB ranked 28th and IIMB grabbed the 27th spot being one spot higher than the Hyderabad institute. Speaking of the top three spots, it was Insead, France and Singapore based institute that came in on first position. In second place was the UK's London Business School and to grab the third position was the University of Chicago's Booth School of Business. For the fourth position it was a tie between IESE Business School in Spain and the Yale School of Management based in the US.
While ISB of Hyderabad grabbed the 23rd position, IIMB ranked 35th. But there were other India based institutes that also made it in the top 100 list. IIM Calcutta ranked 44th, IIM Ahmedabad came at 48th and IIM Indore is on the 94th position. It is an improvement for IIM Calcutta and IIM Ahmedabad but for IIM Indore it was the first time in the list.
There are various categories and criteria based on which these colleges are ranked. The major categories being faculty, fees, career boost, education board, salary increase, value for money, etc.
The FT ranking this time even considered the COVID-19 pandemic and how the colleges coped with it. Many institutes made a shift to virtual teaching and other such methods. The ranking considered the fact that these institutes might have had less number of joiners due to the lockdown.