The Indian B-Schools are yet to make a huge splash in the global arena but it has been a slow improvement with IIM Bangalore making an appearance now in the top 100. Premier B-schools Indian Institute of Management Ahmadabad (IIMA) and Indian School of Business (ISB), Hyderabad which have already appeared before have slipped from their current positions to lower ranks in the Financial Times (London) Global MBA Ranking 2014.
It was mentioned that for the first time, Indian Institute of Management Bangalore (IIMB) has found a place on the chart at 68th position. With this, it has become third such Indian institution to have figured in top 100 management schools globally. According to Global MBA Ranking-2014 by FT, rankings of IIMA and ISB slipped to 30 and 36, respectively, from their last year's positions of 26 and 34 respectively. Harvard Business School, Stanford Graduate School of Business and London Business School occupied first, second and third positions, respectively in this year's ranking.
According to reports, ISB had slipped 14 points to rank 34 last year as against 20th position a year before. Similarly, IIMA had slipped 15 places at 26th rank from 11th position in 2012. In 2011, IIMA ranked 11th and ISB 13.
It was also reported that n the recent years, a key factor affecting Indian schools has been the weakening of the rupee and its corresponding impact on the PPP (Purchasing power parity) exchange. This has affected the weighted salary parameters which accounts for 20 per cent of the ranking criteria. It seems Indian schools have been disproportionately impacted by this, relative to schools from other countries, according to B-school officials.
Source: The Economic Times