According to the recently released global MBA rankings of Financial Times, the Indian Institute of Management-Ahmedabad at number 11 and Indian School of Business, Hyderabad at number 20 are the only two schools that find a place in the top 100.
Leading economic daily Financial Times recently announced the global MBA rankings for the year 2012.
While Stanford Graduate School of Business, USA leads the rankings closely followed by Harvard Business School and Wharton School of Business (both American schools) at second and third positions, the Indian Institute of Management- Ahmedabad and Indian School of Business, Hyderabad are the only two Indian business schools to have made it to the top 100 list.
While IIM-A has maintained its position at number 11, vis-a-vis its three-year average rank, ISB has dropped five places to rank at number 20 (External link to FT's Global MBA Rankings 2012).
The criterion for participation of schools in the FT rankings was that the school must be internationally accredited and the programme must have run for at least four consecutive years. This year, 150 business schools took part in the programme.
To evaluate the rankings, two online surveys were used to collect the required data. The first was filled by the schools, and the second by alumni who graduated in 2008.
Schools were judged on 20 parameters like average alumni salary, quality of faculty, research facilities at the institute and more.
Click Next to know the Financial Times' top 20 global MBA schools of 2012
Click here for Rediff Realtime News on Global MBA Rankings 2012
1. Stanford Graduate School of Business, US
Leading the rankings is Stanford Graduate School of Business, United States of America.
Established in 1925, the school annually enrolls 799 MBAs, 57 Sloan Fellows and101 residential PhDs besides catering to2000 odd executives.
Billionnaires Vinod Khosla, co-founder, Sun Microsystems, and Mukesh Ambani, chairman/managing director, Reliance Industries Limited (who later dropped out) are among noted Stanford alumni.
2. Harvard Business School, USA
On second place is Harvard Business School, USA.
Established in 1908 as the business school of the Harvard University with 59 students under its toll, the HBS has grown to be one of the top business schools in the world today.
It offers extensive full-time MBA, doctoral and executive education programmes and caters to 1100 students annually.
It owns and operates the prestigious Harvard Business School Publishing, which publishes the monthly Harvard Business Review among other corporate and business resources.3. Wharton School, USA
On third position is Wharton School, USA
Established in 1881, the Wharton School, better known as the business school of the University of Pennsylvania, was the world's first collegiate business school and the first business school in the United States.
It enrolls over 2300 undergraduates and 1700 postgraduates annually and has an impressive student faculty ratio of 17:1.
4. London Business School, UK
On fourth position is London Business School, United Kingdom.
Established in 1964 as the London Graduate School of Business, the LBS is the international business school of the University of London.
The LBS offers postgraduate programmes in finance and management, in addition to flagship MBA and EMBA programmes, the Sloan Fellowship Program for experienced business executives, PhD, as well as non-masters programmes for business executives.
It has an annual enrollment of 2000 students.
Kumar Birla, chairman, Aditya Birla Group is an LBS alumnus.5. Columbia Business School, USA
On fifth place is Columbia Business School, USA
Established in 1916, as the business school of Columbia University, the CBS is known for its close ties to Wall Street.
The school is affiliated with 13 Nobel prize winners in Economics which include current professors Robert Mundell, Joseph Stiglitz and Edmund Phelps.
6 INSEAD, France / Singapore
On sixth place is INSEAD.
Established in 1957, it has three campuses – France, Singapore and Abu Dhabi, besides a research centre in Israel.
Students pursuing MBA and PhD at the institute stand the chance to study in any or all the three continents—Europe, Asia and Middle East (through a multi-campus structure, an alliance with the Wharton School of the University of Pennsylvania and a student exchange programme with the Kellogg School of Management.7. MIT Sloan School of Management, USA
On seventh place is MIT Sloan School of Management.
Established in 1914, the school emphasises on innovation and invention in management and finance theories taught to students.
It offers undergraduate, postgraduate, doctoral as well as non-degree executive programmes to students.
8. IE Business School, Spain
On eighth place is IE Business School, Spain
Established in 1973, this school was ranked third worldwide by the Forbes for its MBA programmes.
It enrolls about 7500 students annually of which approximately 1,900 are international students from 88 countries.9. IESE Business School, Spain
On ninth place is IESE Business School, Spain.
Established in 18958, the Institute of Higher Business Studies is the graduate business school of the University of Navarra.
It has three campuses -- Barcelona, Madrid, and New York City and enrolls well over 1000 students across its undergraduate and post graduate programmes in management and business operations every year.
10. Hong Kong USAT Business School, Hongkong
On tenth place is the Hong Kong University of Science and Technology (HKUSAT) Business School, Hongkong.
Established in 1991, the HKUSAT B-school is the first business school in the region to be accredited by both the USA-based Association to Advance Collegiate Schools of Business (AACSB International) and European Quality Improvement System (EQUIS).11. Indian Institute of Management-Ahmedabad, India
On eleventh place is Indian Institute of Management-Ahmedabad, India.
Established in 1961, the institute has been providing the best of faculty members in the field of management in the country and has been consistently ranked among the leading schools in the country.
It has a 100-acre campus and enrolls about 800 full time students and 1,500 executives across 300 courses.
12. Booth School of Business, USA
On twelfth place is Booth School of Business, Chicago, USA.
Established in 1898, as the business school of the University of Chicago, the Booth School is the second-oldest school in the USA and the first ones to offer executive MBA and doctoral programmes in the country.
With faculty strength of 177, the university offers programmes like full-time MBA, executive MBA, part-time MBA, and non-degree executive education.13. IMD, Switzerland
On thirteenth place is IMD, Switzerland.
The IMD school of business was established in the year 1990 through a merger by International Management Institute (Geneva) (IMI), established in 1946 by Alcan, and Institut pour l'Etude des Methodes de Direction de l'Entreprise (IMEDE) Lausanne.
IMD offers two programmes, namely degree programmes like the MBA and the EMBA programmes and the executive education programmes for senior working professionals.
14. Haas school of Business, USA
On fourteenth place is Haas school of Business, USA.
The school was established in the year 1898 as the College of Commerce of the University of California.
It offers undergraduate and post graduate programmes besides full-time and part-time programmes in management.15. Fuqua School of Business, USA
On fifteenth place is Fuqua School of Business, USA.
Established in 1969, the business school of the Duke University enrolls over 1500 postgraduates every year across its MBA programmes.
16. Kellogg School of Management, USA
On sixteenth place is the Kellogg School of Management, USA.
The school was established in 1908 under the Northwestern University to offer a part-time evening programme to management and business aspirants.
Today, it caters to over 1100 students across full-time, part-time, and executive programmes, alongside partnership programmes with schools in China, India, Hong Kong, Israel, Germany, Canada, and Thailand.17. Stern School of Business, USA
On seventeenth place is Stern School of Business, USA
Established in 1900, as the business school of the New York University, Stern offers comprehensive programmes like undergraduate BS, full-time MBA, Langone part-time MBA, executive MBA and PhD programmes.
18. HEC Management School, France
On eighteenth place is HEC Management School, Paris
The school was started in 2005 as the business school of the University of Liege.
Today it caters to 2500 students annually across undergraduate and post graduate programmes.19. Tuck School of Business, USA
On nineteenth position is Tuck School of Business, USA
The Tuck School of Business was started in 1900 as the business school of Dartmouth College.
Interestingly, unlike other universities, Tuck offers only full-time MBAs apart from a plethora of executive education programmes as well as the Tuck Business Bridge programme for undergraduates.
20. Indian School of Business, India
On twentieth position is Indian School of Business, Hyderabad.
Founded in the year 1996, ISB, Hyderabad is associated with leading international business schools like the London Business School, MIT Sloan and Fletcher School.
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