Graduation courses in India are good but surely not the very best in the world, and we all had a doubt about that. But PG courses, especially in Management, are top-notch and the IIMs lead the pack in it. As of now, there are 13 IIMs and IIM Ahmedabad still holds the pride of place. And this news just cemented the faith we have in our IIMs.
The 2013 Financial Times masters in management (MiM) ranking features the top 70 programmes for students with little or no previous work experience. European business schools continue to dominate but this ninth edition includes our desi IIM Ahmedabad (Post Graduate Programme in Management course) at number 18 and IIM Calcutta (Post Graduate Programme course) at number 19, bang behind Ahmedabad!
IIM-Ahmedabad is a regular participant in the survey but for Calcutta, it is the first time. It would swell anyone’s heart with pride to know the potential we possess: a first timer B-School cracking the top 20 ranking list of a prestigious global survey!!! What is also heartening to know is that the average of rank over 3 years for IIM Ahmedabad is an esteemed 12!
Compared to the previous 3-year MIM Ranking, IIM-A has moved up 4 places. Of the 70 business schools ranked, both of our IIMs hold the pride of place in providing employment: these two are among the only six B-schools out of 70 whose most recent batch students were 100% employed within 3 months of passing out.
Also, IIM-C has secured the #1 position in the Careers rank, i.e. status of the alumni three years after graduation where progress is measured according to the seniority and the size of the company they are employed in.
The University of St Gallen in Switzerland is top for the third year running. It is first for value for money and aims achieved, second for the effectiveness of its career service and fifth for salary. Its cohort is one of the most internationally diverse, and the school is in the top 10 for student mobility and international exposure. The esteemed London School of Economics and Political Science is at number 20.
In a press release, IIM-C acknowledged how global tie-ups helped it achieve this ranking: “IIM Calcutta’s vast intellectual capital, impeccable placement history and the success of its alumni base made this international recognition possible. Our engagement with CEMS (Centre of Excellence for Management Studies), the Global Alliance in Management Education, paved the way for our participation in the FT rankings survey. Our association with CEMS has given a tremendous impetus to our journey for Internationalization. With our accreditation with AACSB expected shortly, and various other initiatives in the areas of internationalization, entrepreneurship and sustainability taking shape, we are looking forward to performing even better in the coming years.”
The methodology: alumni responses inform six criteria, from “salary today” to “placement success” inclusive, plus “international mobility”, that together account for 55 per cent of the ranking’s weight.
With lots of hopes to find more Indian B-Schools in the 2014 list as well!