Survey Methodology Overview

How we arrived at the MBAUniverse.com B-school Rankings 2013

-- Under the guidance of our advisors Dr Bakul Dholakia, former director, IIM Ahmedabad, and Dr Rajesh Shukla, noted economist and former director of NCAER, the MBAUniverse.com Intelligence Unit framed the survey methodology, collected and analyzed the data.

-- For arriving at the rankings, we invited 200+ B-schools to share their data through a 20-page questionnaire. All prominent B-schools participated in the survey.

-- Only AICTE-recognized B-schools, offering full-time 2-year MBA programs were invited to participate. In case of B-schools run by private universities, the UGC recognition was the criterion.

-- In a few exceptional cases, MBAUniverse.com resorted to the Right to Information (RTI) Act to ensure that B-schools share required data.

-- MBAUniverse.com Rankings are based on the latest student, faculty and placements data. All questions were pertaining to the current batch admitted in June/July 2012.

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

a) Input scores (23%); b) Process scores (48%); and c) Output scores (29%).

-- To help student community make better sense of our ranking, we have published key data points for each of the Top 25 B-schools.

- NO PERCEPTION DATA IS USED FOR ARRIVING AT MBAUniverse.com Rankings.


Input scores are based on following key sub-parameters:

-- Number of applications received
-- Quality of student intake via entrance exam cut-off scores
-- Percentage of students admitted with professional degrees (like CA/CS/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, and industry experience where applicable.
-- 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 MDPs
Please refer to our detailed research methodology note (below) for more details.

Compare B-schools on the basis of zones and cities

     Filter by Zone     North     East     West     South     All
      Filter by City     Delhi     Mumbai     Kolkata     Chennai     Pune
    Bangalore     Gurgaon     Noida     Ghaziabad    

Compare B-schools according to Ranking, Students, Faculty, Infrastructure and more

Overall Ranking:

Overall
Rank
Institute Name
Location
Scaled Score*
(Max -1000)
1
Ahmedabad
1000
2
Kolkata
949
3
Lucknow
923
4
Jamshedpur
864
5
Mumbai
817
6
Delhi
811
7
Indore
807
8
Gurgaon
781
9
Mumbai
766
10
Calicut / Kozhikode
748
11
Mumbai
712
12
Delhi
678
13
Delhi
671
14
Mumbai
653
15
Ghaziabad
643
16
Delhi / NCR
630
17
Bhubaneswar
601
18
Delhi / NCR
534
19
Bengaluru / Bangalore
532
20
Mumbai
500
21
Mumbai
493
22
West Bengal - Other
449
23
Delhi
448
24
Mumbai
421
25
Chennai
401
26
Nagpur
390
27
Trichy
373
28
Karnataka - Other
362
29
Mumbai
358
30
Trichy
350
31
Bengaluru / Bangalore
338
32
Bengaluru / Bangalore
325
33
Pune
307
34
Pune
304
35
Delhi / NCR
301
36
Hyderabad / Secunderabad
287
37
Bengaluru / Bangalore
287
38
Coimbatore
287
39
Mumbai
276
40
Assam - Other
271
41
Dhanbad
270
42
Mumbai
268
43
Noida
265
44
Pune
265
45
Bhubaneswar
265
46
Delhi
260
47
Bengaluru / Bangalore
257
48
Delhi
254
49
Mysoru / Mysore
252
50
Cochin / Ernakulam / Kochi
251
51
Vellore
248
52
Hyderabad
246
53
Noida
245
54
Mumbai
245
55
Pune
241
56
Pune
241
57
Madurai
237
58
Chennai
237
59
Delhi
234
60
Pune
234
61
Pune
232
62
Pune
231
63
Pune
231
64
Noida
231
65
Ranchi
227
66
Delhi / NCR
225
67
Ghaziabad
217
68
Hyderabad / Secunderabad
215
69
Varanasi / Banaras
213
70
Bengaluru / Bangalore
213
71
Gwalior
213
72
Pune
209
73
Pune
205
74
Hyderabad
198
75
Pune
195
76
Hyderabad / Secunderabad
195
77
Ghaziabad
195
78
Pune
186
79
Pune
180
80
Hyderabad / Secunderabad
177
81
Warangal
169
82
Ahmedabad
158
83
Delhi / NCR
120
84
Bengaluru / Bangalore
102
85
Gurgaon
90
86
Dehradun
89
87
Chennai
35
88
Bengaluru / Bangalore
27
89
Ahmedabad
20
90
Lucknow
0
 
* These Score are Scaled Scores, where the highest scoring B-school has maximum 1000 score, and the lowest scoring B-school has 0 score.
For Comparative B school Ranking Analysis Click Here.
Overall Input Ranking:
Overall
Rank
Institute Name
Location
Input Rank
1
Ahmedabad
1
2
Kolkata
2
3
Lucknow
4
4
Jamshedpur
8
5
Mumbai
6
6
Delhi
5
7
Indore
10
8
Gurgaon
13
9
Mumbai
11
10
Calicut / Kozhikode
9
11
Mumbai
17
12
Delhi
7
13
Delhi
14
14
Mumbai
3
15
Ghaziabad
12
16
Delhi / NCR
23
17
Bhubaneswar
19
18
Delhi / NCR
29
19
Bengaluru / Bangalore
15
20
Mumbai
25
21
Mumbai
22
22
West Bengal - Other
16
23
Delhi
26
24
Mumbai
21
25
Chennai
27
26
Nagpur
24
27
Trichy
18
28
Karnataka - Other
28
29
Mumbai
35
30
Trichy
20
31
Bengaluru / Bangalore
32
32
Bengaluru / Bangalore
31
33
Pune
47
34
Pune
33
35
Delhi / NCR
57
36
Hyderabad / Secunderabad
50
37
Bengaluru / Bangalore
45
38
Coimbatore
46
39
Mumbai
62
40
Assam - Other
41
41
Dhanbad
66
42
Mumbai
30
43
Noida
44
44
Pune
43
45
Bhubaneswar
51
46
Delhi
34
47
Bengaluru / Bangalore
56
48
Delhi
37
49
Mysoru / Mysore
40
50
Cochin / Ernakulam / Kochi
72
51
Vellore
38
52
Hyderabad
53
53
Noida
81
54
Mumbai
58
55
Pune
83
56
Pune
39
57
Madurai
86
58
Chennai
65
59
Delhi
52
60
Pune
36
61
Pune
59
62
Pune
48
63
Pune
64
64
Noida
42
65
Ranchi
73
66
Delhi / NCR
55
67
Ghaziabad
77
68
Hyderabad / Secunderabad
54
69
Varanasi / Banaras
79
70
Bengaluru / Bangalore
60
71
Gwalior
75
72
Pune
49
73
Pune
68
74
Hyderabad
67
75
Pune
78
76
Hyderabad / Secunderabad
85
77
Ghaziabad
71
78
Pune
84
79
Pune
74
80
Hyderabad / Secunderabad
87
81
Warangal
82
82
Ahmedabad
76
83
Delhi / NCR
61
84
Bengaluru / Bangalore
80
85
Gurgaon
69
86
Dehradun
89
87
Chennai
70
88
Bengaluru / Bangalore
88
89
Ahmedabad
63
90
Lucknow
90
 
Overall Process Ranking:
Overall Rank
Institute Name
Location
Process Rank
1
Ahmedabad
1
0
2
Kolkata
2
0
3
Lucknow
3
0
4
Jamshedpur
5
0
5
Mumbai
4
0
6
Delhi
10
0
7
Indore
7
0
8
Gurgaon
6
0
9
Mumbai
14
0
10
Calicut / Kozhikode
9
0
11
Mumbai
17
0
12
Delhi
18
0
13
Delhi
8
0
14
Mumbai
13
0
15
Ghaziabad
12
0
16
Delhi / NCR
11
0
17
Bhubaneswar
19
0
18
Delhi / NCR
16
0
19
Bengaluru / Bangalore
20
0
20
Mumbai
21
0
21
Mumbai
15
0
22
West Bengal - Other
27
0
23
Delhi
26
0
24
Mumbai
24
0
25
Chennai
35
0
26
Nagpur
23
0
27
Trichy
59
0
28
Karnataka - Other
52
0
29
Mumbai
22
0
30
Trichy
50
0
31
Bengaluru / Bangalore
25
0
32
Bengaluru / Bangalore
53
0
33
Pune
30
0
34
Pune
33
0
35
Delhi / NCR
43
0
36
Hyderabad / Secunderabad
56
0
37
Bengaluru / Bangalore
37
0
38
Coimbatore
39
0
39
Mumbai
44
0
40
Assam - Other
54
0
41
Dhanbad
34
0
42
Mumbai
51
0
43
Noida
71
0
44
Pune
41
0
45
Bhubaneswar
57
0
46
Delhi
42
0
47
Bengaluru / Bangalore
66
0
48
Delhi
74
0
49
Mysoru / Mysore
77
0
50
Cochin / Ernakulam / Kochi
29
0
51
Vellore
36
0
52
Hyderabad
55
0
53
Noida
38
0
54
Mumbai
47
0
55
Pune
32
0
56
Pune
61
0
57
Madurai
40
0
58
Chennai
31
0
59
Delhi
48
0
60
Pune
63
0
61
Pune
64
0
62
Pune
58
0
63
Pune
65
0
64
Noida
46
0
65
Ranchi
28
0
66
Delhi / NCR
60
0
67
Ghaziabad
62
0
68
Hyderabad / Secunderabad
79
0
69
Varanasi / Banaras
68
0
70
Bengaluru / Bangalore
60
0
71
Gwalior
67
0
72
Pune
82
0
73
Pune
45
0
74
Hyderabad
70
0
75
Pune
78
0
76
Hyderabad / Secunderabad
73
0
77
Ghaziabad
72
0
78
Pune
49
0
79
Pune
80
0
80
Hyderabad / Secunderabad
75
0
81
Warangal
81
0
82
Ahmedabad
83
0
83
Delhi / NCR
86
0
84
Bengaluru / Bangalore
84
0
85
Gurgaon
87
0
86
Dehradun
76
0
87
Chennai
89
0
88
Bengaluru / Bangalore
88
0
89
Ahmedabad
90
0
90
Lucknow
85
0
 
Overall Output Ranking:
Overall Rank
Institute Name
Location
Out put Rank
1
Ahmedabad
1
0
2
Kolkata
2
0
3
Lucknow
3
0
4
Jamshedpur
7
0
5
Mumbai
11
0
6
Delhi
9
0
7
Indore
10
0
8
Gurgaon
6
0
9
Mumbai
5
0
10
Calicut / Kozhikode
8
0
11
Mumbai
4
0
12
Delhi
14
0
13
Delhi
13
0
14
Mumbai
15
0
15
Ghaziabad
23
0
16
Delhi / NCR
17
0
17
Bhubaneswar
16
0
18
Delhi / NCR
20
0
19
Bengaluru / Bangalore
24
0
20
Mumbai
12
0
21
Mumbai
41
0
22
West Bengal - Other
29
0
23
Delhi
18
0
24
Mumbai
28
0
25
Chennai
19
0
26
Nagpur
30
0
27
Trichy
22
0
28
Karnataka - Other
21
0
29
Mumbai
40
0
30
Trichy
32
0
31
Bengaluru / Bangalore
83
0
32
Bengaluru / Bangalore
54
0
33
Pune
36
0
34
Pune
37
0
35
Delhi / NCR
25
0
36
Hyderabad / Secunderabad
26
0
37
Bengaluru / Bangalore
42
0
38
Coimbatore
46
0
39
Mumbai
31
0
40
Assam - Other
70
0
41
Dhanbad
75
0
42
Mumbai
59
0
43
Noida
27
0
44
Pune
72
0
45
Bhubaneswar
33
0
46
Delhi
51
0
47
Bengaluru / Bangalore
62
0
48
Delhi
47
0
49
Mysoru / Mysore
34
0
50
Cochin / Ernakulam / Kochi
71
0
51
Vellore
63
0
52
Hyderabad
73
0
53
Noida
48
0
54
Mumbai
60
0
55
Pune
52
0
56
Pune
69
0
57
Madurai
68
0
58
Chennai
87
0
59
Delhi
66
0
60
Pune
78
0
61
Pune
76
0
62
Pune
74
0
63
Pune
77
0
64
Noida
58
0
65
Ranchi
89
0
66
Delhi / NCR
61
0
67
Ghaziabad
43
0
68
Hyderabad / Secunderabad
53
0
69
Varanasi / Banaras
44
0
70
Bengaluru / Bangalore
65
0
71
Gwalior
50
0
72
Pune
81
0
73
Pune
84
0
74
Hyderabad
80
0
75
Pune
56
0
76
Hyderabad / Secunderabad
38
0
77
Ghaziabad
55
0
78
Pune
85
0
79
Pune
79
0
80
Hyderabad / Secunderabad
49
0
81
Warangal
64
0
82
Ahmedabad
82
0
83
Delhi / NCR
35
0
84
Bengaluru / Bangalore
88
0
85
Gurgaon
39
0
86
Dehradun
86
0
87
Chennai
67
0
88
Bengaluru / Bangalore
45
0
89
Ahmedabad
57
0
90
Lucknow
90
0
.
Advisory Body

Dr. Bakul Dholakia
Former Director, Indian Institute of Management - Ahmedabad and Padma Shri awardee

Dr. Bakul Dholakia is currently an advisor to the Adani Group. Prior to joining Adani Group, he was director of IIM Ahmedabad. He has 40 years of professional experience including 34 years at IIM Ahmedabad. In 2007, Dr. Dholakia was awarded Padma Shri in recognition of his distinguished services in the field of education.

Dr. Dholakia occupied the Reserve Bank of India Chair from 1992 to 1999, served as the dean from 1998 to 2001 and as the director of the Institute from 2002 to 2007. Dr. Dholakia has been a major motivator and a guiding force behind numerous initiatives & expansion of activities at IIMA. His vision and strategic leadership have contributed to IIMA's enhanced international image and global recognition. He is widely recognized for his contribution to management education in India.


Dr. Rajesh Shukla

Former director, NCAER Center for Macro Consumer Research

Dr. Shukla is one of India's leading authorities on research for public policy and consumer behaviour. He has authored seven books, more than 25 research reports, a number of research papers and popular articles. Some of his distinctive publications include – ‘First India Science Report’ (released by Prime Minister Dr. Manmohan Singh) and ‘How India Earns, Spends and Saves’ (released by Sri Montek Singh Ahluwalia). He is a regular speaker at London School of Economics (LSE).


.
Survey Methodology Overview
MBAUniverse.com B-school Survey 2013

Research Methodology Note

November 27, 2012


Any research output is as credible as the methodology and data behind it. Understanding that a very large number of candidates will base their critical decision with respect to selection of B-school for taking admission on MBAUniverse.com B school rankings, we were very sensitive towards both the aspects: methodology and data.

We started the 3nd annual MBAUniverse.com B-school Survey 2013 by seeking guidance and inputs from our distinguished advisory body consisting of Dr. Dholakia and Dr. Shukla. Our advisory body formulated the overall context & mission for the survey to create a highly credible B-school ranking that helps three key stakeholders: MBA students (current and prospective), recruiters and B-schools. The MBAUniverse.com Intelligence Unit conducted the data collection and analysis under the guidance of Dr. Shukla.

RESEARCH METHODOLOGY:

The most critical aspect of any methodology is that the same should be based on data and hard evidence and should be devoid of any kind of subjectivity. As ranking B-schools involves quantifying a lot of qualitative information, it is very important to ensure that any subjectivity or bias is not allowed to creep in.

Across all phases of the project, adequate precaution was taken to ensure that the ranks are based on data, and not merely perceptions.

Step 1: Generation of parameters

The parameters that make a good B-school should be decided by the key stakeholders of this eco-system and can’t be left at the mercy of the intellect of the researcher or on-desk research. One of the common problems of the research has been that those doing research believe that they “know” the parameters – which, data suggests, is almost always incorrect. Keeping this in mind, we conducted an extensive survey wherein an exhaustive (laundry) list of all parameters that the stakeholders believe make a good B-school was drawn. The next obvious challenge was to reduce this list to ensure that co-related parameters were taken care of. However, this by itself is a mathematically tedious process!

Step 2: Selecting the most important parameters

Having identified the attributes, a Principal Component Analysis was used to reduce this list to most important components that explain maximum variance.

Step 3: Arriving at weights of parameters

The regression technique was used to arrive at weights of these parameters based on last year's data. Since the context is dynamic and things could have changed from the last year, all B-school directors were asked to state the weights to all parameters as well.

The weights arrived at, based on the regression of last year's data, were further fine tuned based on the stated weights of B-school academic leaders, giving equal weight to all of them at every level. Not surprisingly, minor aberrations were found in the two and data suggests that these were because of the dynamism of context (change in preference over previous years).

As a result of this step, we were able to arrive at final weights of various parameters.

So, data suggested that the final rank was a function of Input, Output and Process (IOP) parameters. It may be noted that MBAUniverse.com was the first one to use this methodology, which is clear from the published material available in public domain for over one year now. Not surprisingly, in 2011 & 2012, other publications and ranking organizations tried to copy this methodology.

The mathematical equation at the macro level was found to be:
Final Score^ (F) = f [Input Score^ (I), Process Score^ (P), Output Score^ (O)] ,
Mathematical relation being found to be:
F = (0.23*I) + (0.48*P) + (0.29*O)
Where:
Input Score^ (I) = f [Number of applications per seat (n), Quality of intake as determined by the candidate's academic history and entrance exam cut-off scores (q), % of candidates with professional degrees (p), cumulative past work experience of last year's class (e)] 1
Process Score^ = f [Faculty (f) 2 , Infrastructure (i) 3 ]
Output Score = f [Output of students as determined by their placement data (s) 4 , Academic Output as determined by the number of Research Papers, Consultancy assignments, and MDP's (a) 5 ]

 


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In depth Analysis of Top 20 B-schools
MBAUniverse.com is committed to help MBA aspirants take correct admission decisions by providing authentic information. To offer total transparency and better understanding of our survey, we are sharing important data points used to analyse and rank top 20 B-schools. As you can see from the table below, a B-school may perform very well on a parameter (say number of faculty), but its overall ranking maybe lower because it fails to perform as well on other parameters (CAT cut-off or placements). High relative performance in all three parameters -- quality of input (students), process (faculty & academic infra) and output (placements) makes a holistic B-school.
Rank
Institute Name
No. of Application received (2012-13)
Permanent Faculty
Visiting Faculty
Total Seats (2012-13)
Median Domestic Salary (Rs. Lakh)
Cut-off_CAT*
Cut-off_Other Exams*
1
INDIAN INSTITUTE OF MANAGEMENT - AHMEDABAD
173886

85
73
381
14**
99
NA
2
INDIAN INSTITUTE OF MANAGEMENT - CALCUTTA
200,000
92
99
462
18
99
NA
3
INDIAN INSTITUTE OF MANAGEMENT - LUCKNOW
204345
79
148
407
15.5
90
NA
4
XLRI JAMSHEDPUR
55749
66
15
240
15.5
NA
92 - XAT
5
NARSEE MONJEE INSTITUTE OF MANAGEMENT STUDIES, MUMBAI
56099
76
68
338
12
NA
93- NMAT
6
FACULTY OF MANAGEMENT STUDIES (FMS),DELHI
45618
33
18
226
16.34
99
NA
7
INDIAN INSTITUTE OF MANAGEMENT, INDORE
166457
43
39
453
12.5
90
NA
8
MANAGEMENT DEVELOPMENT INSTITUTE - GURGAON
17120
72
26
239
13.65
99
NA
9
S P JAIN INSTITUTE OF MANAGEMENT & RESEARCH, MUMBAI
16354
64
65
228
15.2
92
92 - XAT
10
INDIAN INSTITUTE OF MANAGEMENT, KOZHIKODE
178579
59
23
356
12.37
75
NA
11
JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES,MUMBAI
100000
5
89
120
14.9
100
99.86 - MAH CET
12
DEPARTMENT OF MANAGEMENT STUDIES (IIT DELHI), NEW DELHI
2500
14
13
46
12.5
99
NA
13
INDIAN INSTITUTE OF FOREIGN TRADE (IIFT), NEW DELHI
45000
50
27
204
10.2
NA
97.40 - IIFT
14
NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING, MUMBAI
8420
44
13
216
10
98
NA
15
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT), GHAZIABAD
16000
63
58
448
7.8
92
92 - XAT
16
INTERNATIONAL MANAGEMENT INSTITUTE (IMI), NEW DELHI
9998
63
29
179
8.9
90
NA
17
XAVIER INSTITUTE OF MANAGEMENT, BHUBANESWAR
17007
52
21
180
10.83
94
94 - XAT
18
BIMTECH, GREATER NOIDA
9719
76
43
180
6.8
85
85 - XAT
19
T. A. Pai Management Institute (TAPMI), Manipal
5600
39
35
302
8
86
86 - XAT
20
SIMSREE, MUMBAI
45,000
14
67
180
9.46
NA
95 - MAH CET
 

* NA stands for Not Applicable

**According to IIM A IPRS (http://www.iimahd.ernet.in/iprs/gallery/IIMA_IPRS_PGP_Finals_2012.pdf)


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