Friday, September 24, 2010

IIM-Ahmedabad in top 10 of FT B-school rankings

The Indian Institute of Management, Ahmedabad (IIM-A) has, for the first time, been ranked number eight for its two-year Postgraduate Programme (PGP). According to the latest Financial Times (FT) Business School rankings for its Masters in Management programme 2010, the premier Indian B-school’s MBA programme has been placed among the top 10 in the list of 65 B-schools. This is the first time IIM-A participated in the ranking assessment.

The Icole Supirieure de Commerce de Paris (ECSP Europe) has topped the rankings this year, improving its last year’s second position, while CEMS, The Global Alliance in Management Education, has been ranked number two. The ranking is done based on 28 parameters.

Also, it’s for the first time that an Indian B-school has been ranked among top 10 for its flagship PG programme. Terming it as a step forward for more meaningful global ventures, IIM-A Director Dr. Samir Kumar Barua said the rankings would help in more international collaborations. Barua said: "We have been ranked number eight for our two-year masters programme in management in the category where the candidates pursuing the course need not have any work experience to join the programme. This is the first time we have participated in the FT rankings. To be a part of the assessment, one has to qualify", said Barua.

The IIM-A is the only Indian business school to be accredited by the European Quality Improvement System (EQUIS) and is now eyeing the U.S. equivalent —by the Association to Advance Collegiate Schools of Business. "When we go for any meaningful collaboration, international rankings helps", said Barua.

Interestingly, FT has also come out with a special report on management education in India. Said India online editor of the FT, James Fontanella-Khan, "This is the first time an Indian school has made it to the top 10 in FT’s top management masters league table. This reflects the improving standards of teaching and student placement at Indian business schools".

On the emergence of Indian B-schools in world rankings — ISB, Hyderabad has been ranked among the top 20 by FT for its one-year executive programme couple of years ago — Fontanella-Khan said: "A growing number of IIM students end up working for companies globally. However, more has to be done. Indian schools need to attract more foreign talent and faculty. They have only recently started doing so. This also explains why Indian business schools weren’t in the top ranks before. In an ever more globalised world, you need global approach to education".

Source: The Economic Times, September 24, 2010

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