IIM-Ahmedabad among top 10 B-schools globally

It’s a mix bag for the country’s premier management institute, the Indian Institute of Management, Ahmedabad (IIMA).

The institute has made it to the list of top ten B-schools in Financial Times rankings–Master of Management–2012. The institute is the only Indian B-school in the list.

However, it has slipped three places to 10 this year after it had secured 7th rank in 2011 and 8th in 2010 — the year in which it made its debut in the FT rankings.

An official communiqué from the institute suggests that the FT report ranks the top 70 programmes in general management that do not require students to have prior work experience for admission to the masters programme (pre-experience Masters Degrees).

The IIMA was ranked on the basis of its flagship course- Post Graduate Programme in Management also known as PGP. With the three years’ average ranking, the IIMA is ranked at 8th position in 2012 ranking.

University of St Gallen from Switzerland was ranked first for its Master in Arts Strategy and International Management followed by ESPC Europe at second position and CEMS for its Master in International Management programme at third position.

They were followed by HEC Paris in France for HEC master of science in management at fourth position and Essec Business School in France at fifth position for its Master of Science in Management programme.

According to FT’s website where table of current ranking is uploaded, ranking weightage was given to salary in US dollars, value for money rank, career rank, aims achieved and placement success rate. In fact, the FT ranking has kept IIMA at first position as far as Placement Success Rank is concerned while the institute has got 5th position in career rank.  

Reacting to FT report, Samir Barua, director IIMA said, “We are indeed pleased that despite a significantly increased batch size, the PGP has yet again ranked in the top ten among comparable programmes in management globally.”