Posts Tagged ‘B-schools’

Indian Institute of Management, Ahmedabad has yet another feather in its colorful cap. It has been ranked 8th in the Financial Times Masters in Management 2010 ranking from 65 B-schools which participated in the ranking process. IIM-A secured the rank for its two-year Post Graduate Program (PGP).

IIM-A had participated for the first time in this assessment and secured a rank among the top 10 B-schools of the World. What comes as a bigger achievement is that it is for the first time that any Indian B-school has appeared in this list. This has paved a way for the Indian Institute on the Global Map of Management Education.

Established in 2005, the Financial Times Ranking aims to give a thorough assessment of the programs submitted by business schools worldwide. It also looks at the schools and its alumni by themselves. The competition is among the programs in General Management for students with no prior work experience (pre-experience Masters Degrees). The ranking is done on the basis of 28 different parameters. These include alumni career progress, school diversity, international experience & research, additional notes (fee, length, number enrolled, relevant degree, internship) and weighted salary.

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.
On this achievement, the Director of IIM-A, Dr Samir Kumar Barua termed it as a step forward for more meaningful global ventures. Further, he also informed that to be a part of the FT assessment, institutes needed to qualify for it first. The IIM-A is the only Indian business school to be accredited by the European Quality Improvement System (EQUIS) and is now eyeing to be assessed by the US equivalent – The Association to Advance Collegiate Schools of Business.

Interestingly, FT has also come out with a special report on Management Education in India.”This ranking reflects the improving standards of teaching and student placement at Indian business schools” said India online editor of the FT, James Fontanella Khan. However, he added that “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.”

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