With best IIM at 78th, The Economist 2011 MBA rankings expose Indian hype… 4 Aussie MBAs, several from UK, US and even an institution each from Spain, Italy, Korea and Singapore run past us… Wake up India!

14 Oct 2011

With IIM Ahmedabad at 78th rank in THE ECONOMIST, India needs to stop entertaining itself that we host world’s best educational institutions. Leave alone our bias for IITs and IIMs, overall Indian education is no-where world-class. Sorry! If I hurt your ego but all rankings point to the same: THES, QS, Shanghai and now The Economist… They are not Australian rankings but all indicate that several Aussie education providers rank higher than Indian best in all the rankings as shown in an earlier blog by me. NOW, there are four Aussie MBAs that surpass IIMA as per The Economist.

The Economist 2011 ranking of MBAs is on this link.

2011 Full time MBA ranking

Rank	Business School	Country
1	Dartmouth College – Tuck School of Business	United States
2	Chicago, University of – Booth School of Business	United States
3	IMD – International Institute for Management Development	Switzerland
4	Virginia, University of – Darden Graduate School of Business Administration	United States
5	Harvard Business School	United States
6	California at Berkely, University of – Haas School of Business	United States
7	Columbia Business School	United States
8	Stanford Graduate School of Business	United States
9	York University – Schulich School of Business	Canada
10	IESE Business School – University of Navarra	Spain
11	Massachusetts Institute of Technology – MIT Sloan School of Management	United States
12	New York University – Leonard N Stern School of Business	United States
13	London Business School	United Kingdom
14	HEC School of Management, Paris	France
15	Pennsylvania, University of – Wharton School	United States
16	Carnegie Mellon University – The Tepper School of Business	United States
17	ESADE Business School	Spain
18	Northwestern University – Kellogg School of Management	United States
19	INSEAD	France
20	Duke University – Fuqua School of Business	United States
21	Bath, University of – School of Management	United Kingdom
22	Southern California, University of – Marshall School of Business	United States
23	Cranfield School of Management	United Kingdom
24	IE Business School	Spain
25	Cornell University – Samuel Curtis Johnson Graduate School of Management	United States
26	Yale School of Management	United States
27	UCLA Anderson School of Management	United States
28	Emory University – Goizueta Business School	United States
29	Hult International Business School	United States
30	Michigan, University of – Stephen M. Ross School of Business	United States
31	Texas at Austin, University of – McCombs School of Business	United States
32	Melbourne Business School – University of Melbourne	Australia
33	Cambridge, University of – Judge Business School	United Kingdom
34	Vanderbilt University – Owen Graduate School of Management	United States
35	Washington, University of–Foster School of Business	United States
36	Hong Kong, University of – Faculty of Business and Economics	Hong Kong
37	City University – Cass Business School	United Kingdom
38	University College Dublin – Michael Smurfit Graduate School of Business	Ireland
39	Indiana University – Kelley School of Business	United States
40	Notre Dame, University of – Mendoza College of Business	United States
41	Vlerick Leuven Gent Management School	Belgium
42	Mannheim Business School	Germany
43	EMLYON	France
44	Georgetown University – Robert Emmett McDonough School of Business	United States
45	Wisconsin School of Business	United States
46	Queensland, University of – Business School	Australia
47	North Carolina at Chapel Hill, University of – Kenan-Flagler Business School	United States
48	Wake Forest University Schools of Business	United States
49	Boston University School of Management	United States
50	Pennsylvania State University – Smeal College of Business	United States
51	Ohio State University – Fisher College of Business	United States
52	Maryland, University of – Robert H Smith School of Business	United States
53	Rice University – Jesse H Jones Graduate School of Business	Spain
54	EDHEC Business School	France
55	Warwick Business School	United Kingdom
56	Washington University in St Louis – Olin Business School	United States
57	Henley Business School	United Kingdom
58	Curtin Graduate School of Business	Australia
59	Iowa, University of – Henry B Tippie School of Management	United States
60	Oxford, University of – Saïd Business School	United Kingdom
61	California at Davis, University of- Graduate School of Management	United States
62	Hong Kong University of Science and Technology – School of Business and Management	Hong Kong
63	Grenoble Graduate School of Business	France
64	McGill University – Desautels Faculty of Management	Canada
65	Minnesota, University of – Carlson School of Management	United States
66	SDA Bocconi School of Management	Italy
67	Rotterdam School of Management, Erasmus University	Netherlands
68	George Washington University School of Business	United States
69	Nanyang Business School – Nanyang Technological University	Singapore
70	Birmingham, University of – Birmingham Business School	United Kingdom
71	Strathclyde, University of – Business School	United Kingdom
72	Ashridge	United Kingdom
73	Macquarie Graduate School of Management	Australia
74	Audencia Nantes School of Management	France
75	Durham Business School	United Kingdom
76	Yonsei University School of Business	Republic of Korea
77	Aston Business School	United Kingdom
78	Indian Institute of Management – Ahmedabad	India
79	Southern Methodist University – Cox School of Business	United States
80	Concordia University – John Molson School of Business	Canada
81	Calgary, University of – Haskayne School of Business	Canada
82	British Columbia, University of – Sauder School of Business	Canada
83	Copenhagen Business School	Denmark
84	University of Edinburgh Business School	United Kingdom
85	Purdue University – Krannert Graduate School of Management	United States
86	National University of Singapore – The NUS Business School	Singapore
87	Thunderbird School of Global Management	United States
88	Chinese University of Hong Kong	Hong Kong
89	Temple University – Fox School of Business	United States
90	Georgia, University of – Terry College of Business	United States
91	China Europe International Business School (CEIBS)	China
92	Brandeis International Business School	United States
93	Tilburg University – TiasNimbas Business School	Netherlands
94	Nottingham University Business School	United Kingdom
95	EADA	Spain
96	HEC Montréal	Canada
97	Florida, University of – Hough Graduate School of Business	United States
98	Pittsburgh, University of – Katz Graduate School of Business	United States
99	South Carolina, University of – Moore School of Business	United States
100	Lancaster University Management School	United Kingdom
101	ENPC School of International Management	France
101	Leeds University Business School	United Kingdom
101	Wits Business School – University of the Witwatersand	South Africa
101	Glasgow, University of – Business School	United Kingdom
101	Arizona, University of – Eller College of Management	United States
101	Miami, University of – School of Business Administration	United States
101	American University – Kogod School of Business	United States
101	Case Western Reserve University – Weatherhead School of Management	United States
101	Newcastle University Business School	United Kingdom
101	Rochester, University of – William E Simon Graduate School of Business	United States
101	Sheffield University Management School	United Kingdom
101	Southampton, University of – School of Management	United Kingdom
101	Asian Institute of Management	Phillipines

4 responses

Victor Rao

14 Oct 2011

Hi Ravi,

I have personally seen the lack of professionalism at an institute like IIT Kharagpur, it was embarassing to say the least, as I had taken a group of VCs and Pro VCs from the sterling group of Universities from the UK (this was while I was with the British Council in Kolkata) and I wondered if this was the state of affairs here what would it be elsewhere.

The comparative rankings should open the eyes of all Indian students who sometimes asks us why should we study abroad, don’t we have excellent institutions like the IITs and the IIMs in India? Your blog should comprehensively expose their fallacy. In fact many who ask this kind of question would never ever make it the IITs or IIMs! These guys should also come to know where our IITs and IIMs stand in the world arena and if that is their position I shudder to think what is the state of other Indian institutions, especially the private ones who are out to make money as their first objective.

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1. Ravi Lochan Singh
  
  14 Oct 2011
  
  I agree with you Victor… “These guys should also come to know where our IITs and IIMs stand in the world arena and if that is their position I shudder to think what is the state of other Indian institutions, especially the private ones who are out to make money as their first objective.”
  
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samantak

14 Oct 2011

the problem here is ravi that these rankings are actually based on a wide variety of things like infrastructure ,quality of teaching , employment placements etc .. IIT and IIM are way ahead of all others specially in ther selection criteria but lack the resources and funding that other american and australian universities enjoy and hence this ranking

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1. Ravi Lochan Singh
  
  15 Oct 2011
  
  I would like to believe that “IITs and IIMs are way ahead of others in selection criteria”. However now this is also being debated. What these institutions admit are those who have been synced to the entry exams thanks to the coaching institutes who actually take away the real schooling from the students. I am talking more for the IIT here and this argument is further supported by what Narayan Murthy stated some days ago… The quality of students at IITs has been falling. Now let me turn to IIMs. They do admit some of the finest Indian students but then do they really teach an MBA… Around the world the best of MBA programs focus also on work-experience that an applicant had and most require a minimum of 3 years experience (average of 5-7 years) topping an above average academic background. Now tell me, won’t such make better middle managers as compared to academic wiz-kids who may join the IIMs. Further, the profile of the professors at most IIMs is largely academic and those who do come with some industry experience are only a small proportion… There is more to be done in India… Those who do not want to be engineers get forced to take engineerings… Our Bachelors degrees are not really job-focussed and hence employability is low for non-engineers… Our MBAs are largely academic and focus on fresh graduates… There is more to be done in India before we can call ourselves world-class. We are only India-class and India-ready…
  
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