ISB rises in FT Global MBA Ranking-2017; IIM Calcutta makes debut

Premier B-schools Indian School of Business (ISB) and Indian Institute of Management - Bangalore (IIM-B) have improved their position while the Indian Institute of Management - Ahmedabad has slipped in the Financial Times (London) Global MBA Ranking-2017.

Indian Institute of Management-Kolkata for the first time secured a place in the FT Global Ranking with 95th position.

ISB which was in the 29th position last year climbed to 27th this year. IIM-B (EPGP) shot to 49th position from 62 last year. IIM-A on the other hand slipped to 29th rank from last year's 24th, FT said on its website.

INSEAD is at the top of 2017 Financial Times Global MBA Ranking of the best 100 programmes.

For the second year INSEAD, the multi-campus international business school, has taken the number one spot, after claiming it for the first time last year.

"The ranking is based on surveys of the business schools and their graduates of 2013. MBAs are assessed according to the career progression of alumni, the school's idea generation and the diversity of students and faculty," FT said.

The ranking uses data collected from the schools and the 9,000 alumni who completed a full-time MBA at them in 2013 --- a response rate of 41 per cent, it further said.

A total of 156 schools took part in the 2017 edition of this ranking.

Ranking methodology:

The FT Global MBA ranking is a relative listing based on 20 different criteria.

The ranking is based on a survey that involves 9000 alumni of the participating colleges, who graduated three years before, so the programmes must be four year old.

The survey requires response from at least 20 percent of the total number of alumni to reply to the survey.

According to FT ranking methodology, alumni responses cover eight criteria that contribute 59 per cent to the survey. Eleven criteria are calculated from school data, accounting for 31 per cent. The school data includes, diversity of staff, board members, students by gender, nationality and the MBA’s international reach etc.

The remaining criterion, the research rank, counts for 10 per cent. Auditing giant-KPMG audits a number of business schools every year.

The alumni criteria includes average income three years after graduation and salary increase compared with pre-MBA salary, both weighted at 20 per cent.