Having an MBA as part of your Education is a big deal in India. Unlike countries like USA, Canada, UK, parts of Europe and Australia where there are opportunities and high quality courses in a number of academic areas, in India young kids only have a couple of options to establish a successful and respectable career. If you haven't guessed them yet, they include Engineering, Medicine and Business Education.
Talking about Business Education, India would probably be only second to the US in terms of awareness and recognition of the MBA qualification. Hundreds of thousands of students appear for MBA entrance exams to gain admission to some of the top Indian Business Schools every year and only a fraction of those applicants succeed.
Apart from good career prospects an MBA from a prestigious school in India also helps men and women (men in particular) to stand out in the arranged marriage market. So if you know someone who has an MBA from IIM - Ahemdabad and is single and looking , then rest assured that his/her parents are going to play up this fact in their search for a suitable mate.
In such an environment, the ranking of Indian B-Schools is something a lot of MBA aspirants look forward to. I recently came across this article on Learnhub regarding B-school rankings in India.
As reproduced from Learnhub: Top 10 B Schools in India
According to a survey conducted by Business World and Research agency Synovate, IIM Ahmedabad is the No. 1 B-school, while IIM Calcutta is India's No. 2 B-school. Xavier Labour Relations Institute or XLRI is pegged at No. 3; IIM-Kozhikode is ranked at No. 4. NITIE Mumbai is ranked at No. 5.
Business World, a leading business magazine, conducts B-school Rankings every year. In all 111 Institutes were covered in the objective survey, while a total of 50 institutes were covered in 'perceptual survey'. Some of the leading B-schools like IIM Bangalore, IIM Lucknow, BIMTECH (Greater Noida) and a few IIT B-schools did not participate in the ranking exercise.
Some interesting trends came to light during this survey. A lot of B-schools across all tiers have increased student intake - mostly IIMs because they now have to admit underprivileged as part of government quotas. Some other institutes like Indian School of Business, Hyderabad, Great Lakes Institute of Management, Chennai, and SPJIMR have raised intake to account for the growing demand. As student intake increases, so does the infrastructure. IIM-Indore, IIM-Calcutta and IIM-Lucknow are doing it in a big way.
As per the report, some premieres B-schools are opening multiple campuses to cater to the nearly 240,000 students who seek admission into a B-school every year.
This survey also showed us that despite a shortage of faculty, the placement season is picking up.
Top 10 B-schools by Business World (Objective Survey)
1.Indian Institute of Management, Ahmedabad
2. Indian Institute of Management, Calcutta
3. Xavier Labour Relations Institute, Jamshedpur
4. Indian Institute of Management, Kozhikode
5. National Institute of Industrial Engineering, Mumbai
6. Indian Institute of Management, Indore
7. Narsee Monjee Institute of Management Studies, Mumbai
8. Management Development Institute, Gurgaon
9. Indian Institute of Foreign Trade, New Delhi
10.Jamnalal Bajaj Institute of Management Studies, Mumbai
I've been looking at BRIC schools recently - haven't heard of the BusinessWorld rankings before... thanks... will check them out
Jen