The Global MBA ranking 2016 has been published by Financial Times on 24 January and three management institutions of India have secured their place among top 100 business schools. The three institutions are; Indian Institute of Management Ahmedabad, Indian School of Business and Indian Institute of Management Bangalore. These three B-schools have been placed at 24, 29 and 62 rank by Financial Times. The ranking of IIM Ahmedabad raised by two places and the institute has secured 24th place for its full-time MBA programmes in Financial Times Global MBA Ranking 2016.
INSEAD moved up three places from its last year ranking and has topped the rankings chart this year. INSEAD has campuses in France, Singapore and Abu Dhabi and is one of the favorite B-school of management aspirants globally.
3 US Institutions have also secured their place in top 5 with Harvard Business School at 2nd rank, University of Pennsylvania : Wharton at 4th rank and Stanford Graduate School of Business at 5th rank. London Business School, UK has been placed at 3rd position for its MBA program by Financial Times.
Financial Times publishes its rankings of B-Schools across the world every year and also uses its own algorithm to place these institutions in the ranking chart. For 2016 rankings, total 159 B-schools participated. Financial Times collects the data from participating institutions and also conducts a survey of alumni who had completed their course from these schools.
Full-time residential PGPX programme of IIM-Ahmedabad has been ranked number one for career progress of its alumni this year. To further boost its international presence, IIM Ahmedabad has been conducting outreach activities in Indonesia, Malaysia and Vietnam to attract more foreign students. Among the Indian Institutions, Indian School of Business has shown immense growth in salary increase. The recorded salary increase for ISB alumni is 142 percent, followed by 96 percent for IIM, Ahmedabad and 84 percent for IIM, Bangalore.
Financial Times also provides data on weighted salary in dollars and IIM-A, ISB and IIM-B have registered $174,274, $138,454 and $137,294 weighted salary respectively. The inclusion of three B-schools of India in top 100 B-schools shows great progress made by these institutions on their own. Recently, IIM Bangalore was ranked as the best B-School of India and Asia-Pacific region by Eduniversal.
For full ranking chart, click here
Credits : With inputs from Financial Times