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MBA Rank of Ranks 2018: Student Quality Rankings

Every year, various print media, online media and ranking agencies rate or rank MBA programs of different B- Schools. Occasionally, each of these rankings differs so vastly from the others that it leaves the readers reeling in confusion. This ranking trend started in the US, way back in the 1980s with the Financial Times, Wall Street Journal and Businessweek coming out with exclusive lists to help management students and aspirants figure out the most suitable MBA programme and B- Schools for themselves. This trend was quickly adopted by the Indian publication houses to help students and aspirants identify the best management courses and B- schools in India. All of these publication houses stand by the accuracy of the data used and regard their rankings list as the most accurate and authentic. However, the problem arises when these ranking agencies rank some of the B- Schools so distinctly that the reader is thrown off- center as the standard deviation between two or more rankings of a B- School is sometimes enormous.

Career2NextOrbit team did a thorough research to find out the root cause of this issue. To understand the cause, we examined the various ranking databases. The findings from our research were astounding as most of these ranking agencies had overlooked a very important factor which alone can make or break the deal for any B- School. All of these agencies had considered a different number of parameters to prepare their list of best B- Schools but what stood out most during our study was the fact that some of them had completely ignored to consider Student Quality as a parameter while assembling their rankings list. The sources (Business World, Outlook, NHRDN and Business Today rankings) provided this parameter, which we have used for the secondary data collection to prepare our conclusive rankings list.

The biggest chunk of MBA experience and learning provided by a particular B-School depends on the quality of students who have passed out from that B-School making up the Alumni Base and the students that you will meet and work with during your MBA on a daily basis, working in group projects, assignments and case studies together. The diverse academic backgrounds and work experience profiles of the students in your batch will ultimately lead to a good peer to peer learning within the batch. Therefore a batch full of quality students is really an important factor to look in a B-School and also an important parameter to decide its overall ranking.

Hope this comprehensive list will help our readers make judicious decisions.

 

Table 1: Top 10 B-Schools making up the Top Tier 

College Rank of Ranks Business Today Business World Outlook NHRDN S.D.
Indian Institute Of Management Bangalore 1   1   2 0.71
Indian Institute Of Management Ahmedabad 2 4 1 1 1 1.50
Indian Institute Of Management Calcutta 3 3 2 2 2 0.50
Faculty Of Management Studies, University Of Delhi,Delhi 4 1 2 4 3 1.29
Indian Institute Of Management Lucknow 5   3   4 0.71
XLRI-Xavier School Of Management, Jamshedpur 6 7 3 3 4 1.89
Rajiv Gandhi Indian Institute Of Management Shillong 7 2 10 11   4.93
SPJIMR, Mumbai 8 14 4 8 6 4.32
TISS, Mumbai 8       8  
Jamnalal Bajaj Institute Of Management Studies, Mumbai 8 10 6     2.83
Management Development Institute, Gurgaon 9 19 4 6 5 7.05
Indian Institute Of Management Raipur 10   9      

 

Table 2: Contains the list of colleges falling under the category of Tier 1 B- Schools

College Rank of Ranks Business Today Business World Outlook NHRDN S.D.
Indian Institute Of Management, Trichy 11 13 9   7 3.06
Symbiosis Institute Of Business Management, Pune 11 9   11 9 1.15
Indian Institute Of Management Udaipur 12 12 8     2.83
Indian Institute Of Management Kozhikode 13 24 5 7 8 8.76
Indian Institute Of Management Ranchi 14   15   8 4.95
Department Of Management Studies, IIT Delhi 15 9 15 13   3.06
Indian Institute Of Management Kashipur 16 11 19   8 5.69
Indian Institute Of Management Indore 17 33 7 5 6 13.52
International Management Institute, Delhi 18 20   10 9 6.08
Fore School Of Management, Delhi 19   16   10 4.24
Narsee Monjee Institute Of Management Studies, Mumbai 20 28 6 14 8 9.93
Xavier Institute Of Management(XIMB), Bhubneswar 20     19 9 7.07
Vinod Gupta School Of Management Studies, IIT Kharagpur 21 15 14 22 8 5.74
Institute Of Management Technology, Ghaziabad 22 18 9 25 8 8.04
Institute Of Management Technology, Nagpur 22   17   13 2.83
National Institute Of Industrial Engineering, Mumbai 23 8 9 30   12.42
Indian Institute Of Management Rohtak 24   16      
N L Dalmia Institute Of Management Studies And Research, Mumbai 24     16    
Department of Management Studies, IIT Madras 25     18    
Lal Bahadur Shastri Institute Of Management, Delhi 25 29 11   14 9.64

 

In Table 3, the list contains the rest of the MBA colleges:

College Rank of Ranks Business Today Business World Outlook NHRDN S.D.
Sydenham Simsree, Mumbai 26 18   27 11 8.02
Xavier Institute Of Social Service, Ranchi 27 19     19 0.00
KJ Somaiya Institute Of Management Studies & Research, Mumbai 28 27 15 26 12 7.62
Birla Institute Of Management Technology, Greater Noida 28 29 19   12 8.54
Shailesh J Mehta School Of Management, IIT Bombay 29 38 13 24 6 13.96
Ta Pai Management Institute, Manipal 29 42 14 9 16 14.80
Great Lakes Institute Of Management, Chennai 30 21        
Manipal Academy Of Higher Education, Manipal 30     21    
SCMHRD, Pune 31 49 19 12 7 18.82
National Instute Of Agricultural Extension Management, Hyderabad 32 22        
New Delhi Institute Of Management, Delhi 33   27   19 5.66
JIMS Kalkaji, Delhi 33   26   20 4.24
Balaji Institute Of Modern Management, Pune 34 5 23 45 22 16.40
Goa Institute Of Management, Goa 35 43 20 23 10 13.83
University Business School, Punjab University, Chandigarh 36   12 37   17.68
Shri Dharmasthala Manjunatheshwara Institute, Mysore 36   25   24 0.71
Jindal Global Business School, Sonipat 37   25      
Nirma University, Ahmedabad 38 25 19 42 15 11.90
Institute Of Management Studies, Ghaziabad 39 32 30 15   9.29
Fortune Institute Of International Business, Delhi 40   28   25 2.12
Institute For Financial Management And Research, Sri City 41 45 17   18 15.89
Symbiosis Institute Of Business Management, Bengaluru 42   29 28   0.71
Prin LN Welingkar Institute Of Management, Mumbai 43   28 38 22 8.08
Indian Institute Of Social Welfare And Business Management, Kolkata 44   18 41   16.26
SIES School Of Management Studies, Mumbai 45   21 39   12.73
Bharti Vidyapeeth Deemed University, New Delhi 45 30        
International Management Institute, Bhubaneswar 46 45 24   23 12.42
DMS, NIT Tiruchirapalli 47     31    
IILM Graduate School Of Management, Greater Noida 47 41 28   24 8.89
Amity Business School, Noida 48 36 26 43 20 10.24
Jagan Institute Of Management Studies, Rohini, Delhi 49 40 20 34   10.26
Indian Institute Of Forest Management, Bhopal 50 31   47 17 15.01
Loyola Institute Of Business Administration, Chennai 51 23 23 52   16.74
Rajagiri Centre For Business Studies, Cochin 52 35 21 46   12.53
Indian Institute Of Management Nagpur 52 34        
Jaipuria Institute Of Management, Noida 53 64 33 22 19 20.57
Jaipuria Institute Of Management, Lucknow 54 36   48 20 14.05
Institute Of Management Technology, Hyderabad 54 32 22 50   14.19
Institute Of Rural Management, Anand 55 53   20   23.33
ITM Business School, Navi Mumbai 56 50 26 36   12.06
Institute Of Public Enterprise, Hyderabad 57 47 22 44   13.65
Xavier Institute Of Management And Entrepreneurship, Bangalore 57 54 30 29   14.15
Indus Business Academy(IBA), Bangalore 57 48 33 32   8.96
Symbiosis Institute Of Telecom Management, Pune 58 52     26 18.38
Institute Of Finance And International Management, Bangalore 59 58 23 53 23 18.87
Symbiosis Institute Of Operations Management, Nashik 60 56 30 33   14.22
Symbiosis Institute Of International Business, Pune 61     40    
Ms Ramaiah Institute Of Management, Bangalore 62 39 28 54   13.05
PSG Institute Of Management, Coimbatore 63 55 26     20.51
Department Of Business Economics, University Of Delhi, Delhi 64 25   57   22.63
PES University, Bangalore 65 51 31     14.14
SCMS Cochin School Of Business, Cochin 66 63 27 35   18.90
KIIT School Of Management, Bhubaneswar 67 62 32 55 21 19.23
Vignana Jyothi Institute Of Management (VJIM), Hyderabad 68   29 58   20.51
Indian School Of Business & Media, Pune 69 61 28     23.33
Indian Institute Of Technology, Indian School Of Mines Dhanbad 70 44 35 56   10.54
Motilal Nehru National Institute Of Technology Allahabad 71 46        
VIT Business School, Vellore 72 65 24 51   20.84
Kumaraguru College Of Technology, Coimbatore 73 59 34 49   12.58
Institute Of Business Management And Research, IPS Academy, Indore 74 60        
SRM Institute Of Science And Technology, Chennai 75 66        

*Parameters taken = Outook: Personality Development, Business Today: Intake Quality, Business World: Admission process, NHRDN: Student Quality

 

One can rightly point out that the colleges having high Standard Deviation (S.D.) of the rankings have either participated in lesser rankings or some of the parameters selected for calculating the overall rank may not have been taken into consideration properly. The S.D. cannot be calculated for the colleges that didn't participate in atleast 2 rankings.


All the Best in the search for your perfect B-School!


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