Indian Institute of Management, Ahmedabad (IIM-A), and Indian School of Business (ISB), Hyderabad, have slipped to lower ranks in the Financial Times (London) Global MBA Ranking-2014.
For the first time, Indian Institute of Management Bangalore (IIM-B) has found a place at 68th position. It has become the third such Indian institution to have figured on the top-100 management schools list.
According to the list released on Monday, the rankings of IIM-A and ISB slipped to 30 and 36, respectively, from a year ago's 26 and 34, respectively. ISB had slipped 14 points to rank 34 last year against 20th position a year ago. IIM-A had slipped 15 places at 26th rank from 11th position in 2012. In 2011, IIM-A ranked 11th and ISB 13th. An ISB official said ISB was the youngest institution to find a place in the rankings in 2008. "In the recent years, a key factor affecting Indian schools has been the weakening of the rupee and its corresponding impact on the purchasing power parity exchange.