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Survey: India's top B-Schools
IT all began with the shortlisting of 136 institutions, identified from the last five years’ rankings conducted by four magazines. We wrote to each B-School, requesting them to participate in our review and ranking exercise.
56 institutions expressed interest in participating in the survey. Two institutions allowed us to review them, but explicitly refused to participate in the rankings (MICA, TISS). We did rank them based on available data, since we believed the students must know where they stand.
METHODOLOGY BEHIND THE RANKING
The process was two-fold. We visited each institute, with an express intention to review* the campus, the kind of facilities available, the resources, faculty etc, and also to check/ verify the avaiable data. We interacted with the head of the institution, faculty, staff and the students out of the 54 institutions we visited, 12 institutions did not provide data, so they were left out of the rankings.
We also have attempted to rank the top 12 institutions based on their annual reports, mandatory disclosures, and in some cases, publically available data. We also weeded out or normalised unsubstantiated claims made by some institutes by veryfying them with the data submitted to relevant authorities like AICTE, UGC and the Ministry of HRD. Data found incommensurate with the supporting documents was suitably corrected.
The data finally gathered was processed on the basis of the following criteria. Each data set has been normalised in relation to either the student body or with the core faculty. The data has been evaluated on the basis of three parameters namely Input, Process and Output, with weights for component parameters as given. The formulae used for normalisation, as well as individual scores would be shared with each of the participating institution in the coming months.
*In-depth reviews of each school is available in the February edition of Careers360 magazine, which has already hit the magazine stands in your city.
WATCH VIDEO: B Mahesh Sarma, Editor-Careers360, on why ISB deserved top spot
50 BEST B-SCHOOLS
The top 50 B-Schools list is a result of analysing 136 B-Schools that we shortlisted from the B-School rankings done by four magazines over the past 5 yearsRankInstitutionLocationInput(205)Process(210)Output(330)Total(745)1Hyderabad183.61198.90312.11694.62Ahmedabad182.88180.58285.23648.73Bangalore181.87175.38277.50634.84Kolkata165.27170.45268.39604.15Jamshedpur164.29169.54266.94600.86Gurgaon165.64152.50274.56592.77Mumbai139.83175.85273.36589.08Delhi148.56165.81259.67574.09Ghaziabad165.88143.04251.81560.710Kozhikode168.78146.04233.07547.911Mumbai157.47117.27272.18546.912Indore171.19137.27220.52529.013Bhubaneswar139.24128.20212.02479.514New Delhi131.77138.18207.75477.715Ahmedabad132.0297.37230.99460.416Chennai120.55107.76228.81457.117Mumbai91.4594.00255.00440.518New Delhi136.73123.28176.81436.819Hyderabad153.26137.66144.02434.920Ahmedabad139.49111.65170.05421.221Manipal145.51100.17174.67420.422Chennai121.68118.68178.89419.223Chennai143.79102.84138.29384.924Mumbai84.2095.00199.75379.025Pune85.90115.57172.76374.226Mumbai114.04110.25149.30373.627Bangalore123.6197.52151.46372.628Coimbatore146.06104.02120.38370.529Coimbatore106.13108.73153.33368.230Allahabad129.7795.45138.66363.931Hyderabad110.21112.84136.30359.432Bangalore129.06110.69115.97355.733Cochin122.75101.58128.28352.634Noida108.06109.41119.03336.535Bangalore84.2886.97161.79333.036Navi Mumbai100.71101.66126.20328.637Bhubaneswar124.98107.9389.86322.838Ranchi92.1168.90153.83314.838Pune112.2279.08123.30314.640Mumbai103.1087.81111.23302.141Bangalore99.5474.00127.80301.341New Delhi82.6282.57136.11301.343Coimbatore98.0782.5094.43275.044Mumbai93.4387.3693.25274.045Pune76.42101.9187.54265.946Chennai81.9884.7795.28262.047Pune87.3975.8096.32259.548Ranchi81.5363.45110.37255.449Gurgaon74.0082.3190.10246.450Pune82.0071.8675.56229.4
* These two colleges participated in the survey process, but not in the ranking process
ALSO: VIEW COMPLETE LISTING OF INSTITUTES WHICH SHOULD HAVE BEEN THERE
THE 50 institutes ranked in the Careers360 survey are by no means the complete list of say, the best 5% of the 2000 odd B-Schools in the country. We had identified nearly 86 more schools, that when normalised over five years, could occupy the same slot. And some of them like IIM Lucknow, SP Jain, NMIMS, GIM, SIBM, SCMHRD, KJ Somaiya, all the Departments of Management Studies at IITs, would have qualified to be the top 50 list.
But unfortunately most of the these colleges refused to participate in the survey. Some like NMIMS, SIBM and SCMHRD, did allow us to review their campus., but for reasons best known to themselves did not provide us the data. And for most of these colleges we also could not gather sufficient information from the public domain. However, we believe that non-submission to our ranking scrutiny doesn’t alone take them out of the consideration set for students and hence have listed them them out. Hopefully, next year this list will be shorter.
BEST B-SCOOLS - ZONE WISE
Best in NorthRankInstitutionLocation1Gurgaon2Delhi3Ghaziabad4New Delhi5New Delhi6Allahabad7Noida8New Delhi9GurgaonBest in EASTRankInstitutionLocation1Kolkata2Jamshedpur3Bhubaneswar4Bhubaneswar5Ranchi6RanchiBest in SOUTHRankInstitutionLocation1Hyderabad2Bangalore3Kozhikode4Chennai5Hyderabad6Manipal7Chennai8Chennai9Bangalore10Coimbatore11Coimbatore12Hyderabad13Bangalore14Cochin15Bangalore16Bangalore17Coimbatore18ChennaiBest in WESTRankInstitutionLocation1Ahmedabad2Mumbai3Mumbai4Indore5Ahmedabad6Mumbai7Ahmedabad8Mumbai9Pune10Mumbai11Navi Mumbai12Pune13Mumbai14Mumbai15Pune16Pune17Pune
THE WAY FORWARD
For us at Careers360, this first attempt at examining the B-Schools was a lesson in so many ways. The first realisation was, the most important component that adds value to a student; the process that is undergone during the two years he or she spends in a B-School is not captured adequately by any survey, including ours. Even in terms of our existing methodology, the kind of parameters that we have used to assess the process, like guest lectures, learning methodologies, course contents, faculty participation etc., are at the best only proxies for understanding learning. What we would like work on is to develop metrics that would enable us to capture the value addition process.
An ideal way to do so would be to begin assessing the course design and delivery process of a B-School. We have gathered substantial data during the current year in terms of existing curriculum, which we intend examining in a continuum over the coming years so that we would be able to indicate to the readers, what is changing in the curriculum and what is not.
The second area we would like to focus on is, design a separate metric for corporates to evaluate a B-School. The idea is to work with HR executives to understand how they evaluate the job-readiness of an individual and then incorporate the same rubrics in our methodology.
The third major area we would like to work on is to initiate some work on examining the long-term value addition that a B-School education imparts by surveying alumni performance over a longer period of time in association with the B-Schools.
However much we have tried, we are very clear that the ranking that we have produced would invariably not make all the stakeholders happy, and deserving schools might have been treated less than deservingly. In a lot of cases, lack of data from even participating schools had precipitated matters. But equally we could also be at fault. If a participating college finds any thing amiss, we would only be too glad to correct ourselves.
Lastly, to our readers, please take all the rankings with a pinch of salt. The differential weights always determine differential outputs. Frankly, we have attempted to mirror your objectives as much as possible.
The B-School survey research team was lead by Dr Nimesh Chandra. Nitin Jindal handled the statistical processes, and partly contributed to the reviews. Urmila Rao, Pooja Mishra and Shiphony Pavithran contributed to the research and reviews.