Posted on Monday, September 17, 2018
Indian business schools have performed well in the international ranking. According to the latest Financial Times (FT) Ranking, IIM -Ahmedabad has climbed a few notch in the ranking ladder to emerge as second best B-school in Asia.
The Ranking released recently revealed that three out of top five business schools in Asia are in India. The premier business schools - Indian Institutes of Management (IIMs) have been enlisted in the Top 30 international B-schools.
In Asia, IIM-Ahmedabad has emerged as the second best B-school followed by IIM-Calcutta at third and IIM-Bangalore at fifth position.
Globally, IIM-A is at the 19th spot – an increase of two spots form 21st rank last year. IIM-Calcutta has secured 23rd rank internationally; up from 28th spot in 2018. IIM-Banagalore has sustained its position at 26th spot, in the global best B-schools ranking by the FT.
Elephant versus Dragon
Back home, India still has to fight its immediate neighbour – China – for the top spot in the Asian subcontinent. China has not only secured the spot for best B-school in Asia with its Shanghai Jiao Tong University, it has also outnumbered Indian institutes by listing four institutes in Asia’s top 10 rankings against only three from India. Internationally, as well, China has five B-schools in the global top 100 against only three entries from India.
One of the biggest buzzword in the business industry in India in 2018 was entrepreneurship. However, India’s performance in the entrepreneurship index remained comparatively disappointing.
Only two Indian institutes were mentioned in the Top MBAs for entrepreneurship 2018 by the FT. Among the top 50, IIM-A secured the last spot at 50th position, while Indian School of Business (ISB), Hyderabad secured the 46th rank.
China, yet again outpaced and outnumbered India with three schools among best entrepreneurship B-schools including China Europe International Business School (CEIBS) at 30th, the University of Hong Kong (HKU) at 31st and HKUST Business School at 36th spot, respectively. The United States continues to lead with 17 B schools, which are the maximum in the index, with Stanford Graduate School of Business, securing the top position.
In terms of best courses, ISB-Hyderabad, which is a relatively young institute has surpassed the IIMs. It has come out as the best in India in MBA education, by securing 28th rank in the Global MBA Ranking 2018. The three IIMs, on the other handhave achieved laurels for its PG Management courses. ISB was also the only Indian institute in top 50 B-schools of the world in MBA for women at 26th spot
The top-ranked programme in the world was MA (Strategy and International Management) from the University of St Gallen, USA, followed by HEC Paris’s MSc (Management).China’s Shanghai Jiao Tong University was acknowledged for the Masters of Management Science and Engineering programme.
Some of the unique programmes in Business mentioned in the FT’s top 100 rankings were Master Applied Economic Science: Business Economics by the University of Antwerp, Belgium, International Master in Business and Organisation by the University of Ljubljana Faculty of Economics, Slovenia, MSc in Business Analysis and Strategic Management nu Alliance Manchester Business School, UK and Master in Global Entrepreneurship Management by IQS/FJU/USF by Spain/Taiwan/US.
Globally, University of St Gallen - Switzerland Cems was the top-ranked B-school followed by HEC Paris and London Business School respectively, according to the Master in Management Ranking 2018 by the Financial Times.
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