Getting into a top MBA Colleges in India is a dream of every aspirant. Top 10 MBA Colleges in India like IIM Ahmedabad, XLRI and ISB are at par with World’s best MBA programs. These best MBA colleges in India are a great platform for preparing future CEOs and Entrepreneurs.
But which are the top MBA Colleges in India! How can one identify best MBA Colleges in India? MBAUniverse.com MBA Ranking is the best list of top MBA Colleges in India. This MBA colleges ranking of India is highly respected for its credibility and scientific analysis.
MBAUniverse.com Rankings 2016-17
MBAUniverse.com, India’s No 1 Portal, with guidance from India’s most respected management experts, has been conducting MBAUniverse.com Rankings for last seven years. Following are the highlights from its latest 2016-17 rankings.
IIM Calcutta has emerged as the new No 1 B-school in Rankings 2016-17, edging out IIM Ahmedabad and IIM Bangalore. IIM Calcutta is the only Indian B-school that has earned all the top three Global Accreditations – AACSB, EQUIS and AMBA. XLRI, MDI and SPJIMR are Top 3 non-IIM B-schools on the rankings. The Ranking uses a comprehensive 360 degree evaluation framework built around three criteria: Input, Process and Output. In line with changing trends towards mission-alignment and globalization, this year onwards, Ranking gives explicit weightage to Top 3 International Accreditations – AACSB, EQUIS and AMBA.
The Ranking was conducted in guidance of an eminent advisory body that is chaired by Dr Bakul Dholakia, Former Director, IIM Ahmedabad & Former Director General, IMI New Delhi. Speaking on the Rankings, Dr Dholakia said, “B-school Rankings serve a useful purpose of evaluating hundreds of institutions on key parameters for the benefit of student community, recruiters and other stake holders. I am pleased to say that Hindu BusinessLine-MBAUniverse.com Rankings have been doing a good job over the last 7 years. This year’s Rankings 2016-17, which I have chaired, make a sincere effort to identity the Best B-schools.”
The Hindu BusinessLine-MBAUniverse.com B-school Ranking 2016-17, Analysis, Research Methodology follows. Click on B-school name to read more about them, and to ask your admission query.
- Indepth Analysis of India’s Top 10 MBA Colleges
- Comprehensive list of best MBA colleges in India including IIMs, PGDM, IIT B-schools, University MBA
Ranking Hindu BusinessLines-MBAUniverse.com Business School Ranking for 2016-17:
Ranking is conducted under the supervision of an eminent Advisory Committee, chaired by one of India's most distinguished management academics - Dr Bakul Dholakia, Former Director, IIM Ahmedabad & Former Director General, IMI New Delhi is the Advisory Body Chairman for Rankings 2017.
Commenting on this Ranking, Dr Dholakia said, “B-school Rankings serve a useful purpose of evaluating hundreds of institutions on key parameters for the benefit of student community, recruiters and other stakeholders. However, the credibility of methodology, data verification and analysis assumes critical significance in any ranking exercise. Viewed from this angle, it’s evident that all rankings are not equal in terms of the credibility! In this context, I am pleased to say that Hindu BusinessLine-MBAUniverse.com Rankings have been doing a good job over the last 7 years. This year’s Rankings 2016-17, which I have chaired, make a sincere effort to identity the Best B-schools.”
- Conducted under the guidance of Ranking Advisory Committee comprising of distinguished management academics and researchers.
- Comprehensive 360 degree Rankings created based on three criteria: Input (Applications & Student selection), Process (Academic rigor based on curriculum, research, faculty quality), Output (Quality of Placements, Entrepreneurship initiatives).
- Follows a completely data-driven methodology. No ‘perception survey’ data is used. By comparison, almost media rankings give 50% weightage to perception survey data.
- Ranking Methodology based on advanced statistical techniques and procedures of data validation and estimation, like Factor Analysis and Principal Component Analysis.
- In line with changing trends, this year onwards, Ranking gives weightage to Top 3 International Accreditations – AACSB, EQUIS and AMBA.
- High reach & impact with The Hindu and MBAUniverse.com partnership. More than 2.0 Lakhs students and parents reached.
Research Methodology Overview
Research methodology for the Ranking had five key steps:
Step 1: Advisory Body Guidance on Ranking Approach & Key Parmeters
Step 2: Development of Questionnaire
Step 3: Data Collection & Verification
Step 4: Statistical Analysis
Step 5: Release of Rankings
Step 1: Advisory Body Guidance
Based on previous ranking experience, a draft questionnaire was developed with covered all key evaluation points of a B-school under three broad heads – Input, Process & Output. This questionnaire was shared with Advisory Committee and their feedback was sought.
‘Input’: Key Data Points Included
Quality of Students who are admitted has a major impact on academic engagement and outcomes. Quality of Students is measured on many dimensions, including:
- Past Academic Credentials
- Work-experience gained
- CAT or other National entrance-exam test scores
‘Process’: Key Data Points Included
Academic Resources available and Academic Processes adopted at a B-school determine the Outcomes. This is measured on many dimensions, including:
- Faculty Profile
- Curriculum coverage & Pedagogy
- Research Quality as measured by Journal Publications
- Accreditation earned from top 3 Accreditation bodies - AACSB, EQUIS, AMBA
‘Student Outcomes’: Key Data Points covered
Ranking measured Outcomes/Output on two broad parameters:
- Placements – Salary Indicators
- Entrepreneurship Initiatives taken
Step 2: Development of Questionnaire 2016
Advisory Committee reviewed the questionnaire and recommended changes. The same, as outlined below, were included and final questionnaire was sent to the Advisory Committee, which was approved after review.
Step 3: Data collection & Verification
Ranking questionnaire was released to 200 B-schools all over India. Only the B-schools that meet following criteria were allowed to participate in Rankings:
- Offer a 2-year full time MBA/PGDM program
- Program is officially approved by MHRD/UGC/AICTE
- Have graduated atleast 5 batches
- Head of Institution has endorsed all data submitted, and is willing to provide proper authentication of data
A team of researchers verified data in the questionnaire with AICTE/UGC Disclosures on their official websites. Where ever any discrepancy was found, clarifications/additional inputs were sought from the head of the institution. More than 20 B-schools were asked for these clarifications. More than twenty five B-schools that didn’t meet the criteria or where data was not found to be consistent were dropped from the survey.
Step 4: Statistical Analysis
Statistical analysis, using advanced statistical techniques and procedures of data validation and estimation, was conducted under the leadership of Dr Rajesh Shukla, one of India’s best known market research gurus.
Dr Shukla along with his team, comprising of Mr Bijay Chauhan and Ms Pooja Sharma, lead the research and analysis of the MBAUniverse B-school ranking survey data. Advanced statistical techniques and procedures of data validation and estimation, like Factor Analysis and Principal Component Analysis, were used to identify indicators and its standardization, giving weights and finally aggregation to generate relative ranking of covered B-schools of India.
Dr Rajesh Shukla is a well known Market Research Guru and Former Director of NCAER Center Macro Consumer Research. He has been India’s leading and highly respected voice in the arena of profiling and conceptualizing India’s changing consumer landscape, executed over 30 landmark primary data based national studies for Goverment of India (GOI), NCAER and corporate bodies. He is currently the Managing Director & CEO of People Research on India's Consumer Economy (PRICE), a not-for-profit research think-tank.
Step 5: Release of Report
Ranking and analysis was shared with the Ranking Advisory Committee. Their queries and clarifications were answered by Ranking Research team. After receiving approval of Advisory Body, Rankings are being published by The Hindu BusinessLine and MBAUniverse.com.
We are very thankful to our distinguished advisory body for their guidance.