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.
This has affected the weighted salary parameters which account for 20 per cent of the ranking criteria." With respect to weighted average salary, an IIM-A student is paid an annual $157,459 (86 per cent increase on the last year) while his ISB counterpart is drawing $117,308 (130 per cent rise). The student of IIM-B is paid a weighted salary of $125,249 a year. The ranking is based on two surveys of the business schools and their alumni who graduated in 2010.