The Indian Institute of Management, Indore, may have courted controversies in the recent past, but it has done fairly well academically when compared to other B-Schools in the country.
According to a survey conducted by a management portal, in which except for IIM-B nearly 200 prominent business schools participated, IIM-I has received seventh rank on various parameters. The ranking survey was based on research methodology. Some specific criterion like the number of applications received, number of permanent and visiting faculty, total seats, median domestic salary and percentile cut-off were looked into before finalizing the rankings.
According to rankings, IIM-Ahmedabad tops the list, followed by IIM-Kolkata and IIM Lucknow, respectively, for the next two slots. The other seven B-schools in the top 10 list as per their rankings are - XLRI, NMIMS School of Business Management Mumbai, Faculty of Management Studies (University of Delhi), IIM-Indore, Management Development Institute, Gurgaon, S P Jain Institute of Management & Research Mumbai, and IIM-Kozhikode. Five out of the top 10 B-schools are non-IIMs, a trend that signifies private institutes' strive and urge to attain top slots.
The survey was conducted under the guidance of Padma Shree Bakul Dholakia, former director, IIM- Ahmedabad and R K Shukla, former director, NCAER-Centre for Macro Consumer Research. In the survey, Dholakia has pointed out that ranking a management institute is a difficult task. I hope the ranking would help MBA aspirants and recruiters make the right choice.