The Post-Graduate Programme in Management (PGP) by the Indian School of Business (ISB), Hyderabad, has been ranked 13th in a list of 100 top B-schools in the world, says a business school ranking from the Financial Times of London.
According to the Global MBA Rankings 2011, released today, the Post Graduate Programme in Management for Executives (PGPX) delivered by the Indian Institute of Management Ahmedabad (IIM-A) was placed 11th. This is the first time IIM-A has been included in the ranking.
ISB maintained a place in the top 20 list for the fourth year. In 2008, when the institute entered the global rankings, it was rated 20th, followed by 15th in 2009, and 12th last year. This year, ISB also recorded the highest percentage increase in salaries among all the 100 schools.
“ISB entered the global rankings in 2008. The consistent ranking reflects our commitment to provide a world-class experience to all stakeholders,” ISB Dean Ajit Rangnekar said.
Chairman Rajat Gupta said ISB was committed to grooming leadership and had established new paradigms for management education in India.
ISB, has been in existence for 10 years and pioneered the one-year management programme format in India, targeted at experienced professionals. The class strength grew from 126 in 2001 to 570 in 2011. In 2008, it became the youngest institution globally and the first Indian institution to be ranked among the top 20 global MBA programmes in the world. It is also the largest provider of executive education in India.
For IIM-A, an important component of being eligible for this ranking is that three batches of students should have passed out of a B-school to qualify for this particular ranking.
Shailesh Gandhi, professor and chairperson of the PGPX programme of IIM-A, said: “This ranking proves we are moving into the international league. ISB always had the advantage of a substantial international faculty component, which IIM-A has not had. Another important feature for the ranking is the substantial work experience of the students and this speaks highly of our batch profile. Most of the students of this batch are about 32-33 years and have an average work experience of 11 years. This comparative advantage that was garnered by the institute will simply add on the strength of its students work profile before they joined the PGPX programme.”
In September 2010, IIM-A had been ranked eighth for its two-year postgraduate programme in management (PGP) in the Financial Times Masters in Management 2010 ranking from among 71 programmes.