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IIM-Calcutta has debuted on the Financial Times ‘Masters in Management’ global rankings for the first time, securing the 19th spot.
IIM-Ahmedabad, on the other hand, slipped by eight ranks, settling at 18. The institution’s flagship two-year post-graduate programme had come in at 10 in 2012.
India now houses two of the top 20 management programmes of the world.
Ashok Banerjee, Dean of New Initiatives and External Relations at IIM-C, feels this recognition will change the notion that India’s reputed institutions can hardly compete across global platforms.
“This ranking will further boost the foundation of IIM-C and help us get better students, faculty and ultimately good placements,” he said.
While faculty, publication, curriculum and courses were evaluated as the primary parameters, internationalisation of courses and alumni feedback were two other areas that were looked into, he added.
IIM-C has topped the ranks in ‘Career’. The Career rank is based on the career status of alumni after three years of graduation, which is measured according to the level of seniority and the size of the company in which they are employed.
In this category, IIM-A came sixth. The B-school was ranked third in the Placement Success rankings. IIM-C, on the other hand, secured the sixth rank.
The weighted salary of an IIM-A graduate is $94,313, down by $6,930 against last year.
The institution has fallen by 31 ranks to 69 when it comes to Value for Money. IIM-C is ranked 68th in Value for Money.
The weighted salary for the Joka campus is $81,650. The salaries are converted to US dollars using purchasing power parity rates supplied by the IMF.
Aims achieved
In Aims Achieved, or the extent to which alumni completed their goals, fell drastically for IIM-A, from 87 per cent to 35 per cent. The percentage loomed at 53 per cent for IIM-C. The two IIM’s programmes beat various prestigious ones run by renowned universities such as London School of Economics and Political Science, Copenhagen Business School and Manchester Business School. The Master of Arts in Strategy and International Management programme of the University of St Gallen, Switzerland, has topped the rankings for the third time in a row. A total of 80 business schools took part in the global rankings. Each school must be internationally accredited and the MBA must have run for at least four consecutive years to be a part of the rankings.
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