CNBC TV18 Business school Ratings: After IIMs, Who?

But which are the non-IIMs B-schools that are high on academic excellence and perceptions of MBA community and Recruiters. Here is a report on the non-IIMs B-schools that stand for excellence in management education in India.   

Xavier's Labour Relations Institute, Jampshedpur (XLRI); Management Development Institute, Gurgaon (MDI); Faculty of Management Studies, Delhi (FMS); and Indian School of Business, Hyderabad (ISB) dominate the non-IIMs B-school rankings.   

India's leading business news channel CNBC TV18, along with India's leading management portal MBAUniverse.com and global research agency TNS, had announced the rankings on November 8, 2008. In a first of its kind research and analysis, the 'A of B Ranking' survey looks at three different viewpoints to present the complete 360 degree picture on which are India's leading B-schools. While rigorous data-driven analysis uses information and data provided directly by IIMs and other 90+ B-schools, perception poll on MBAUniverse.com brings perspectives from the MBA students, aspirants and alumni; and, recruiter's poll on Jobstreet.com bares the mind of HR community.    

According to the analysis of quantitative data on non-IIM B-schools, while MDI Gurgaon is the # 1 B-school outside the IIM pedigree, XLRI Jamshedpur is ranked at # 2. Mumbai based SP Jain Institute is ranked at # 3, and International Management Institute Delhi is pegged at # 4. Sailesh J Mehta School of Management of IIT Bombay makes its presence felt at # 5 slot.  Refer table below for list of top 10 non-IIMs B-schools.

The data from IIMs and other 90+ B-schools was analyzed by global research agency TNS to prepare a Quantitative Ranking of India's Top B-schools.

How does the management community view the top B-schools other than IIMs? Since beliefs and perceptions of management community matter, student's poll data on India's Top B-schools was analyzed as well. Over 5,000 stakeholders participated in this poll on MBAUniverse.com. The perception data was also analyzed by TNS. The data analysis offers a lot of interesting trends.

XLRI is ranked as the top B-school, after IIM A, IIM B and IIM C, by management community. FMS Delhi and ISB Hyderabad are ranked at # 2 and # 3 respectively. SP Jain Institute of Management and Research is at # 4 and Delhi based specialized institute Indian Institute of Foreign Trade (IIFT) is raked at # 5. Refer table below for list of top 10 non-IIMs B-schools.

Finally, let us look at what are India's top Recruiters are thinking. XLRI, ISB and FMS Delhi are the favorite B-schools of recruiters on our survey as they take top 3 slots on the Employer's Perception ranking. This part of the survey was supported by job portal Jobstreet.com.

Note: For Quantitative Survey, more than 90 leading B-schools including IIM A, IIM B, IIM C, IIM L, IIM I, FMS Delhi, XLRI, MDI, JBIMS, IIT B SJMSOM  participated in the survey. Key B-schools that did not participate in the Quantitative Survey are: Department of Management Studies, Pune; Fore School of Management, Delhi; ICFAI Business School, Hyderabad; IIM Kozhikode; Indian School of Business, Hyderabad; Mudra Institute of Communication, Ahmedabad; SCMHRD, Pune and Tata Institute of Social Sciences, Mumbai.

The Quantitative Survey sought detailed inputs from Directors and Deans on three key parameters via a 30+ pages rigorous questionnaire: a) quality of talent admitted to a B-school, b) quality of academic inputs, pedagogical tools and industry exposure during two years MBA programme, and c) Quality of career & placements received by students at the end of the course. Academicians across India's leading 90 B-schools provided weightage score to these parameters, which were then used for final analysis.

The Perception Poll enable students, aspirants, alumni and recruiters to share their views on Top B-schools, Best B-schools by specialization and many other important parameters.  

CNBC TV18 is India's No.1 business medium and the undisputed leader in business news. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond.

MBAUniverse.com is India's leading management portal, reaching out to over 300,000 management students, young executives, HR managers and academicians. In a short span of 18 months, it has gained thought-leadership by partnering with knowledge organizations like CII, FICCI, IIMs, IITs and others.

TNS is the world's largest Custom Market Research company. It provides marketing information delivered by Global Industry Sector expert consultants, innovative research expertise, in 80 countries worldwide.