The 2017 Financial Times Global MBA ranking was released on January 30, 2017. This year 4 Indian Business Schools have been listed in the World’s 100 best Full Time MBA Programme List.
- The Four Schools listed includes: Indian School of Business (ISB), Indian Institute of Management Ahmedabad (IIMA), Indian Institute of Management Bangalore (IIMB) and Indian Institute of Management Calcutta (IIMC)
- Among the Indian B-Schools, Indian School of Business (ISB) stood first with a global ranking of 27 which is up by 2 positions compared to last year’s ranking.
- The top position was secured by INSEAD for the second consecutive year.
Important Highlights of the Ranking
Out of the 4 listed Indian B-Schools, only 3 made it to top 50. Indian institute of Management (IIM) Ahmedabad was placed at 29th position which is 5 positions lower than in 2016 which was 24th.
- IIM Bangalore stood at 49th position, up from previous year’s 62nd rank.
- For the first time IIM Calcutta has made it to the top 100 best B-Schools Ranking. It was placed at 95th position.
Top Five B-Schools
|2||Stanford Graduate School of Business|
|3||University of Pennsylvania, (Wharton/US)|
|4||Harvard Business School|
|5||University Cambridge Judge Business School|
The ranking is based upon surveys of the business schools and their 9000 graduates who completed their MBA in 2013. The ranking takes into consideration the career progression of alumni, the school’s idea generation and the diversity of students and faculty.The ranking was based on 20 criteria.
About FT Global MBA Ranking 2017
The FT Global MBA ranking is a relative listing in which top B-Schools of the world are ranked against each other by calculating a Z-score for each criterion. The Z-score is a statistic that shows where a score lies in relation to the mean.
- These scores are then weighted based upon the criteria mentioned in the ranking key and added together for a final score.
- After removing the schools that did not meet the required response rate from the alumni survey is eliminated and a fresh series of calculations are made using all remaining schools.
- The school at the bottom is removed and a second version is calculated and so on until we reach the top 100. The top 100 schools are ranked accordingly to produce the list.
- The Financial Times began ranking full-time MBA programs in 1999.
- The top Business School for 17 continuous year in the ranking was dominated by the likes of Wharton, Harvard, Stanford and home town favorite London Business School.