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Which B-school? Which Ranking?

 

MBAUniverse.com published its annual B School Ranking 2013.Top 90 B schools including IIMs, XLRI, FMS-Delhi, JBIMS, SPJIMR, MDI, NMIMS University and IMT participated and got ranked in the survey. Other reputed publications like Business Today, Business World, The Week and Outlook have also published their respective B school rankings for 2012.

 

To help MBA aspirant compare B-schools across these rankings, MBAUniverse.com has prepared a combined ranking comparison table. The table (below) compares a particular B-school across five key rankings. This will help aspirants select the right B-school for MBA admission 2013.

 

 

 


Name of the B School
MBAUniverse
2012
Business Today 2012
Business World 2012
The Week 2012
OUTLOOK
2012
INDIAN INSTITUTE OF MANAGEMENT, AHMEDABAD
1
1
1
2
1
INDIAN INSTITUTE OF MANAGEMENT, CALCUTTA
2
2
2
4
3
INDIAN INSTITUTE OF MANAGEMENT, LUCKNOW
3
NA
NA
9
NA
XAVIER LABOUR RELATIONS INSTITUTE SCHOOL OF
BUSINESS & HUMAN RESOURCES (XLRI), JAMSHEDPUR
4
4
3
5
4
NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES (NMIMS), MUMBAI
5
7
7
15
13
FACULTY OF MANAGEMENT STUDIES (FMS), UNIVERSITY OF DELHI, DELHI
6
3
5
14
5
INDIAN INSTITUTE OF MANAGEMENT, INDORE
7
6
NA
10
7
MANAGEMENT DEVELOPMENT INSTITUTE (MDI), GURGAON
8
8
14
12
NA
S P JAIN INSTITUTE OF MANAGEMENT & RESEARCH (SPJIMR), MUMBAI
9
10
4
6
8
INDIAN INSTITUTE OF MANAGEMENT, KOZHIKODE
10
9
8
7
6
JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES
(JBIMS), UNIVERSITY OF MUMBAI, MUMBAI
11
11
21
8
NA
DEPARTMENT OF MANAGEMENT STUDIES (IIT DELHI), NEW DELHI
12
19
18
22
19
INDIAN INSTITUTE OF FOREIGN TRADE (IIFT), NEW DELHI
13
24
11
11
9
NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING (NITIE), MUMBAI
14
15
6
17
10
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT), GHAZIABAD
15
13
9
13
11
INTERNATIONAL MANAGEMENT INSTITUTE (IMI), NEW DELHI
16
35
16
27
14
XAVIER INSTITUTE OF MANAGEMENT, BHUBANESWAR (XIMB)
17
17
10
21
12
BIMTECH, GREATER NOIDA
18
23
NA
NA
NA
T. A. PAI MANAGEMENT INSTITUTE (TAPMI), MANIPAL, KARNATAKA
19
45
27
18
18
SYDENHAM INSTITUTE OF MANAGEMENT STUDIES AND
RESEARCH AND ENTREPRENEURSHIP EDUCATION (SIMSREE), MUMBAI
20
73
NA
19
25
K J SOMAIYA INSTITUTE OF MANAGEMENT STUDIES & RESEARCH, MUMBAI
21
40
15
28
17
MHRM DEPT OF HUMANITIES AND SOCIAL SCIENCES, IIT KGP , KHARAGPUR
22
NA
NA
NA
NA
FORE SCHOOL OF MANAGEMENT, NEW DELHI
23
NA
NA
52
33
PRIN L.N WELINGKAR INSTITUTE OF MANAGEMENT
DEVELOPMENT & RESEARCH, MUMBAI
24
21
28
32
26
LOYOLA INSTITUTE OF BUSINESS ADMINISTRATION (LIBA), CHENNAI
25
27
30
34
NA
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT), NAGPUR
26
31
35
NA
NA
BHARATHIDASAN INSTITUTE OF MANAGEMENT, TIRUCHIRAPALLI
27
96
68
55
23
NATIONAL INSTITUTE OF TECHNOLOGY KARNATAKA, MANGALORE
28
NA
NA
NA
NA
INSTITUTE FOR TECHNOLOGY & MANAGEMENT (ITM), MUMBAI
29
29
45
NA
45
DEPARTMENT OF MANAGEMENT STUDIES,
NATIONAL INSTITUTE OF TECHNOLOGY, TIRUCHIRAPPALLI
30
NA
74
78
34
IFIM BUSINESS SCHOOL, BANGALORE
31
52
43
76
38
XAVIER INSTITUTE OF MANAGEMENT & ENTREPRENEURSHIP
(XIME), BANGALORE
32
25
40
40
46
INTERNATIONAL SCHOOL OF BUSINESS & MEDIA (ISB&M), PUNE
33
NA
NA
66
NA
BALAJI INSTITUTE OF MODERN MANAGEMENT [BIMM], PUNE
34
61
106
NA
28
EMPI BUSINESS SCHOOL, NEW DELHI
35
NA
NA
NA
NA
NATIONAL INSTITUTE OF AGRICULTURAL EXTENSION MANAGEMENT
(MANAGE), HYDERABAD
36
NA
46
NA
24
ACHARYA INSTITUTE OF MANAGEMENT & SCIENCES (AIMS) ,BANGALORE
37
44
17
NA
57
PSG INSTITUTE OF MANAGEMENT, COIMBATORE
38
121
25
20
49
IBS, MUMBAI
39
46
NA
46
NA
INDUS BUSINESS ACADEMY, BANGALORE
40
84
90
61
75
DEPARTMENT OF MANAGEMENT STUDIES, INDIAN SCHOOL OF MINES, DHANBAD
41
NA
NA
NA
NA
SIES COLLEGE OF MANAGEMENT STUDIES
42
NA
83
NA
54
NIILM - CENTER FOR MANAGEMENT STUDIES, GREATER NOIDA
43
106
32
NA
67
MIT SCHOOL OF BUSINESS
44
85
NA
NA
NA
KIIT SCHOOL OF MANAGEMENT, KIIT UNIVERSITY, BHUBANESWAR
45
89
NA
NA
52
LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT (LBSIM), NEW DELHI
46
38
64
NA
32
M.S. RAMAIAH INSTITUTE OF MANAGEMENT
47
NA
NA
70
63
FORTUNE INSTITUTE OF INTERNATIONAL BUSINESS, NEW DELHI
48
42
100
48
NA
S D M INSTITUTE FOR MANAGEMENT DEVELOPMENT, MYSORE
49
NA
NA
59
NA
SCHOOL OF COMMUNICATION AND MANAGEMENT STUDIES (SCMS), COCHIN
50
NA
77
56
47
VIT BUSINESS SCHOOL ,VIT UNIVERSITY VELLORE TAMILNADU
51
NA
NA
NA
NA
SIVA SIVANI INSTITUTE OF MANAGEMENT, SECUNDERABAD
52
NA
72
54
NA
JAIPURIA INSTITUTE OF MANAGEMENT, NOIDA
53
NA
NA
60
NA
BHARATI VIDYA PEETHS INSTITUTE OF MANAGEMENT
STUDIES AND RESEARCH MUMBAI
54
NA
NA
NA
NA
INSTITUTE OF MANAGEMENT AND ENTREPRENUERSHIP
DEVELOPMENT BHARATI VIDYAPEETH PUNE
55
NA
NA
NA
43
BALAJI INSTITUTE OF TELECOM & MANAGEMENT (BITM), PUNE
56
50
NA
75
NA
THIAGARAJAR SCHOOL OF MANAGEMENT, MADURAI
57
NA
NA
NA
NA
SRM SCHOOL OF MANAGEMENT CHENNAI
58
NA
NA
NA
70
SRI SHARDA INSTITUTE OF INDIAN MANAGEMENT AND RESEARCH, DELHI
59
NA
NA
57
NA
SYMBIOSIS INSTITUTE OF COMPUTER STUDIES AND RESEARCH, PUNE
60
NA
NA
NA
NA
BALAJI INSTITUTE OF INTERNATIONAL BUSINESS (BIIB), PUNE
61
NA
NA
NA
NA
GL BAJAJ INSTITUTE OF MANAGEMENT & RESEARCH, NOIDA
62
81
37
NA
NA
SURYADATTA EDUCATION FOUNDATIONS SIBMT| SIMMC, PUNE
63
92
70
87
NA
ACCURATE INSTITUTE OF MANAGEMENT AND TECHNOLOGY,
GREATER NOIDA
64
NA
53
NA
NA
XAVIER INSTITUTE OF SOCIAL SERVICES, RANCHI
65
60
89
NA
51
APEEJAY SCHOOL OF MANAGEMENT, NEW DELHI
66
NA
NA
NA
71
INSTITUTE OF MANAGEMENT STUDIES, GHAZIABAD
67
54
59
NA
NA
INSTITUTE OF PUBLIC ENTERPRISE, HYDERABAD
68
NA
85
35
35
SCHOOL OF MANAGEMENT SCIENCES, VARANASI
69
NA
NA
NA
NA
RAMAIAH INSTITUTE OF MANAGEMENT STUDIES, BANGALORE
70
69
NA
NA
NA
ATAL BIHARI VAJPAYEE INDIAN INSTITUTE OF INFORMATION TECHNOLOGY & MANAGEMENT, GWALIOR
71
NA
NA
NA
NA
FOUNDATION FOR LIBERAL AND MANAGEMENT EDUCATION (FLAME), PUNE
72
NA
NA
NA
NA
INDIRA INSTITUTE OF MANAGEMENT, PUNE
73
NA
NA
NA
NA
VIGNANA JYOTHI INSTITUTE OF MANAGEMENT (VJIM), HYDERABAD
74
NA
NA
NA
NA
MIT SCHOOL OF TELECOM MANAGEMENT, PUNE
75
NA
NA
NA
NA
VISHWA VISHWANI INSTITUTE OF SYSTEMS & MANAGEMENT, HYDERABAD
76
NA
NA
NA
NA
BLS INSTITUTE OF MANAGEMENT, GHAZIABAD
77
NA
NA
NA
NA
INDIAN INSTITUTE OF COST AND MANAGEMENT STUDIES & RESEARCH
(INDSEARCH), PUNE
78
NA
NA
NA
NA
INDIAN INSTITUTE OF COST AND MANAGEMENT
STUDIES & RESEARCH (INDSEARCH)
79
NA
NA
NA
NA
DHRUVA COLLEGE OF MANAGEMENT ( DCM), HYDERABAD
80
95
92
77
NA
INSTITUTE FOR TECHNOLOGY & MANAGEMENT (ITM), WARANGAL
81
NA
NA
NA
NA
AMRUT MODY SCHOOL OF MANAGEMENT, AHEMDABAD
82
NA
NA
NA
NA
JAGAN INSTITUTE OF MANAGEMENT STUDIES, DELHI
83
55
67
47
62
RV INSTITUTE OF MANAGEMENT, BANGALORE
84
NA
NA
NA
NA
IBS GURGAON
85
93
NA
NA
NA
INSTITUTE OF MANAGEMENT STUDIES, DEHRADUN
86
NA
NA
NA
NA
INSTITUTE FOR TECHNOLOGY & MANAGEMENT CHENNAI
87
51
NA
73
NA
88
94
NA
NA
NA
89
77
NA
NA
NA
90
NA
NA
NA
NA
 
 
Other Notable B Schools which are not part of MBAUniverse.com Rankings 2013
 
INDIAN INSTITUTE OF MANAGEMENT, BANGALORE
NA
5
NA
3
2
SHAILESH J. MEHTA (IIT BOMBAY), MUMBAI
NA
18
13
24
16
SCMHRD, PUNE
NA
20
NA
33
15
INSTITUTE OF RURAL MANAGEMENT ANAND (IRMA), GUJRAT
NA
22
41
31
22
INSTITUTE OF MANAGEMENT, NIRMA UNIVERSITY, AHMEDABAD
NA
30
29
43
30
GREAT LAKES, CHENNAI
NA
NA
21
26
NA
DOMS- IIT MADRAS
NA
26
33
44
20
GOA INSTITUTE OF MANAGEMENT (GIM), GOA
NA
28
NA
NA
21
IBS HYDERABAD
NA
16
NA
36
NA
CHRIST UNIVERSITY, BANGALORE
NA
37
NA
30
NA
AMRITA SCHOOL OF BUSINESS, COIMBATORE
NA
41
NA
38
NA
AMITY BUSINESS SCHOOL, NOIDA
NA
34
26
29
41
JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW
NA
NA
44
84
50
ASIA PACIFIC, NEW DELHI
NA
NA
NA
62
66
GITAM INSTITUTE OF MANAGEMENT, VISHAKHAPATNAM
NA
76
55
42
44
GALGOTIAS BUSINESS SCHOOL, GREATER NOIDA
NA
82
78
63
NA
FMS, BHU
NA
NA
NA
41
37
RAJAGIRI CENTRE FOR BUSINESS STUDIES, COCHIN
NA
NA
52
51
61
IFMR, CHENNAI
NA
91
63
NA
39
SDM- IMD, MYSORE
NA
86
NA
NA
56
ISM Dhanbad
NA
66
NA
NA
36
PRESTIGE, INDORE
NA
99
34
53
48

 

B-school Ranking Methodologies

 

The obvious question is – why are these rankings different? The reason is that different methodologies that assign different weightages to key factors like placements, size and quality of faculty and quality of students are followed for deduction.

 

The summary of the ranking methodologies will give you a better idea.

 

Each ranking is different from the other as various methodologies have been resorted to arrive at the conclusions. Different methods assign different weightages to key factors determining the final ranking. Another big factor for difference is that some surveys (like the one conducted by MBAUniverse.com) are based only on ‘hard data', provided by B-schools through a structured questionnaire, while other rankings include results of ‘perception' surveys that they conduct among recruiters and students.

 

However, the validity and usefulness of perception surveys can be questioned since selecting a B-school is not like choosing a commodity, where brand awareness & brand positioning tilt the balance in favour of a particular product.

 

This analytic and in-depth comparative study will surely help aspirants take a call regarding rankings of institutions and which B school to choose. However, the final decision rests with individual candidate.

 

MBAUniverse.com Ranking 2012

 

For arriving at the rankings, MBAUniverse.com gathered hard data from more than 100 B schools through a 16-page questionnaire. MBAUniverse.com Rankings are based on latest student, faculty and placements data from B schools. All questions were pertaining to current batch admitted in June/July 2012.

 

Overall Rankings (which indicate relative quality of B schools) are calculated on basis of three broad parameters & their respective weightages:

 

a) Input scores (30%); b) Process scores (39%); and c) Output scores (31%).

 

No perception data is used for arriving at MBAUniverse.com rankings.

 

Input Scores are based on following sub-parameters:

 

-- Number of applications per seat
-- Quality of student intake, as determined by the candidate's academic history and entrance exam cut-off scores
-- Percentage of students admitted with professional degrees (like CA/Medicine/Engineering)
-- Work experience of students admitted

 

Process Scores are based on following sub-parameters:

 

-- Size & quality of full time faculty: Quality of faculty is judged on percentage of faculty with a PhD & their teaching experience
-- Size and quality of visiting faculty
-- Industry exposure: Based on quantity and quality of industry speakers visiting campus
-- Physical Infrastructure: Residential campus (that promotes holistic learning) is given higher weightage than non-residential.

 

Output Scores are based on following sub-parameters:

 

-- Placements performance: As measured by percentage of students placed and their Median salary.
-- Academic output: As determined by the number of Research Papers, Consultancy assignments, and MDP's

 

Business Today, October 28, 2012 issue

 

According to Business Today, 205 B schools participated in the ranking process. They were divided into 10 panels. Each panel with an average of 20 B schools had 120 respondents, which is called the “base”, all of whom naturally rated the schools they were aware of. B schools rated by 40 or more respondents (one third of the sample) were assigned a weight of 1, so their perception scores were multiplied by 1. B schools rated by 30 to 39 respondents were given a weight of 0.9, so their perception scores were multiplied by 0.9, deflating their total score by a small margin. For 20 to 29 respondents, the weight was 0.8; and for B-schools that were rated by fewer than 20 respondents, the weight was 0.7.

 

This year, Business Today carried a factual and perception based survey and combined the results. Both surveys had similar parameters and sub parameters. The factual questionnaire was sent to 1, 832 B schools, of which 205 sent the data. Then, a perception survey of these 205 B schools was carried out among teachers, students, recruiters and young executives. The perception scores were then adjusted for awareness.

 

Business World, 25 June, 2012 issue

 

This ranking comprises an objective, data based survey, and a perceptual survey of various stakeholders in the management education system. The surveys were carried out starting March 2012 and, as such, the academic year 2010-2011.

 

Objective Survey: A structured questionnaire was emailed to 450+ B-schools across India. Out of them, 147 responded with filled-in questionnaires and supporting documents. The information provided was thoroughly checked for accuracy and further validated from secondary sources and included for the survey. Finally, 144 institutes were ranked; data (IIM Bangalore and JIF Kolkata) and third (IIPM Delhi) withdrew.

 

Perceptual Survey: A structured questionnaire was administered for the perceptual survey amongst the academic community: faculty members, recruiters and industry experts, MBA aspirants, existing B school Students and parents of students. A total of 1,204 respondents were interviewed across 11 cities: Delhi, Lucknow, Kolkata, Patna, Mumbai, Pune, Indore, Ahmedabad, Bangalore, Chennai and Hyderabad. The respondents were asked to rate the institutes they were familiar with on six parameters based on their perception: infrastructure facilities (accommodation, recreational activities, IT Infrastructure); pedagogy (curriculum and student evaluation mechanism); admission procedure; industrial visits and corporate visitors conducting seminars and classes; and, intellectual capital (quality of faculty and students).

 

The Week, November 4, 2012 issue

 

The methodology consisted of a combination of information collected from B schools, HR managers, current students and aspiring students, and the analysis of this information. About 700 B schools participated in the survey.

 

The rating score was made on four dimension-input value, value added, learning ambience and brand value.

 

Input Value: The parameters considered to asses input value were the entrance test, students with experience, international and out of state students and scholarships offered.

 

Value added: The professionals and academics engaged by the schools add value to the students. The attributes considered included international linkages, industry visits by students, visits by professionals, faculty profile and strength, teaching methods and the frequency of curriculum revision.

 

Learning ambience: The attributes included infrastructure, IT and library facilities, industry-student interaction, conferences and student bodies.

 

Brand Value: The attributes included tie-ups with foreign universities, types of management related courses offered, management/executive development courses offered, campus placements average salary and minimum salary and the recruiters.

 

Dimension weights

Input value: .25

Value added: .34

Learning ambience: .15

Brand value: .26

 

Outlook, October 1, 2012 issue

 

The methodology of this survey involved all the stakeholders-B-schools, recruiters, faculty and students. First, a comprehensive list of B-schools who offer two-year full-time management courses and are recognized by a government body (AICTE/NAAC/AIU), are at least five years old and have at least three passed out batches.

 

The list of parameters and sub-parameters was kept the same as last year's to have consistency and comparability. As many as 187 colleges from across India provided their objective data. Data from 10 colleges was received too late and was not included.

 

Simultaneously, perceptual questionnaires were designed and face-to-face interviews conducted with 753 key stakeholders. MDRA investigators visited 12 cities (Delhi-NCR, Mumbai, Chennai, Calcutta, Bangalore, Pune, Hyderabad, Jaipur, Ahmedabad, Lucknow, Bhubaneswar and Ranchi-covering three key cities from each zone). The respondents comprised 194 final year MBA/PGDM students ,252 experienced faculty members and 307 seasoned professionals/recruiters-the unique point here being that their perception was based on their experience and not just on secondary information.

 

The second phase involved verification and audit of objective data provided by the B schools. Initially, all information was carefully examined by checking through past data. Thereafter, 21 of the institutes were visited for physical audit of the data to verify their authenticity. Colleges that provided suspicious data were removed from the ranking exercise at that stage.

 

The marks in the five parameters of the objective phase were then added to get the total objective score. The perceptual ranking was arrived at by allotting weightage of 50 per cent each. This total score was used to assign the final rankings.

Source: Respective magazines.