To arrive at a CLUSTER BASED grouping of leading Business Schools in India,in addition to Careers360 ranking we began by tabulating the B-School ranking of four magazines namely Business India (BI), Business Today (BT), Business World (BW) and Outlook (OL) for the period 2005 to 2010. While BT and OL 2009 rankings are perception-based; BI, BW and OL (2005-10) rank on the basis of objective parameters. A total of 190 schools constituted the universe.

From this set we short-listed those who appeared at least thrice in one or the multiple rankings, including Careers360. We eliminated institutions that were not ranked at all by any objective criterion (a threshold of A and above was maintained in case of BI ranking). By this methodology we short-listed 173 B-Schools. Another 17 schools, which appeared in universe, but did meet the criterion partially, were also included since we felt these institutions do have the potential to be in the Top-100 list. These institutions were then classified based on the following approximation into eight major groupings.  

 

 

Rankings and their corresponding levels
Magazine	Top	Tier 1	Tier 2	Tier 3
Business India	1 – 15	16 – 50	51 – 75	76 – 125
Business World	1 – 15	16 – 30	31 – 60	61 – 100
Business Today	1 – 7	8 – 20	21 – 30	—
Careers360	1 – 10	11 – 25	26 – 40	41— 50
Outlook	1 – 15	16 – 30	31 – 50	51 – 75