B School Ranking 2012

Youth Inc Research, Aggreates and Ranks the Best Business Schools in the World

Welcome to the Youth Incorporated, DNA and Rediff.com Global Business School Rankings 2012. In attempt to identify, gauge and classify the best business schools in the world that provide not just quality education but also an overall satisfying experience, we present to you the fruits of our research: the top 100 schools for an MBA (full-time), the top 50 for degrees in Finance, Management and Marketing, and the top 50 schools for an online MBA. In a throwback to the Global University Rankings we did last year, the first two top schools here – Harvard and Stanford – are verily the same as in our last effort, proving that these schools are truly the best at everything they do. Running down the list, there are both familiar and new names, indicating a rise in the number of premier B-schools in the world. Some are surprise inclusions in terms of their higher ranking and some are shockers because of their lower ranking. But what is most telling in our research is that sole business institutions are now no more the hallowed temples for an MBA; multi-programme universities are fast becoming the chosen destinations for students.

A new player (at least in developing countries) in the realm of business education is the online MBA. Given the pressures of a professional life and the need to constantly update one’s knowledge and skills, MBA programmes have begun being conducted 100% online and are gaining popularity. However, the leaders in this initiative are not the old guard but the relatively younger schools. Read more on our analysis of an online MBA degree on pages 24 and 25.
What sets apart these rankings is that credence has been given to responses from the institutions, the students, alumni and recruiters, giving our data the depth of multiple perspectives. While they were quizzed on the usual value for money and programme quality concerns, students also had to give their feedback on the diversity in their classrooms, career services available to them and exchange programmes in their schools. We also relied heavily on recruiter satisfaction to see how the institutes stacked up in the real world.

The India Story
One Indian institute has made it to the top 10 and four in the top 100, but let us not feel self-congratulatory yet. Let us instead ask, “Why only four?” China has five schools in the top 100, one more than us, but let’s take a closer look at them: Peking University (rank 45), for instance, reported that the percentage of Western students studying in their full-time Beijing International MBA programme increased from 5 per cent in 2006 to 35 per cent in 2011. On graduating, their students were offered jobs from over 250 companies as diverse as JP Morgan, Apple and Louis Vuitton. As for their faculty, they have more than 40 professors from North America and Europe. This throws light on some problems plaguing Indian B-schools. We do not have a diverse, international student body or faculty, perhaps because we still place emphasis on rote learning when the rest of the world does not. Where are our non-IIMs? The IIMs alone cannot be serious competition to the likes of Harvard and LBS. Other Indian B-schools must be raised to that standard. India is a great place to study, but it needs a lot of work to be recognised as such internationally.

Top 100 MBA

Rank	Name of Institution	Country	Score
1	Harvard University	USA	100
2	Stanford University	USA	99.8
3	University of Pennsylvania	USA	99.5
4	Columbia University	USA	99.2
5	London Business School	UK	99
6	INSEAD	France	98.6
7	IE Business School	Spain	98.5
8	MIT	USA	98
9	University of Chicago	USA	97.5
10	IIM Ahmedabad	India	97.3
11	Northwestern University	USA	97
12	University of California at Berkeley	USA	96.9
13	New York University	USA	96.8
14	Dartmouth College	USA	96.6
15	Hong Kong UST	China	96
16	Indian School of Business	India	95
17	IIM Calcutta	India	94
18	IMD	Switzerland	93
19	Duke University	USA	92
20	Yale University	USA	91
21	Cambridge University	UK	90.8
22	Oxford University	UK	90.5
23	Cornell University	USA	90
24	HEC Paris	France	89
25	National University Singapore	Singapore	88
26	University of Manchester	UK	87.4
27	University of Virginia	USA	87
28	IESE	Spain	86.7
29	Australian Graduate School of Management	Australia	86.3
30	CEIBS	China	86
31	University of Hong Kong	China	85
32	ESADE	Spain	84.8
33	Nanyang Technological University	Singapore	84.4
34	Imperial College	UK	84
35	Carnegie Mellon University	USA	83
36	Chinese University of Hong Kong	China	82
37	University of Melbourne	Australia	81
38	University of Michigan Ann Arbor	USA	80
39	Georgetown University	USA	79.5
40	SDA Bocconi	Italy	79
41	University of Toronto	Canada	78.4
42	McGill University	Canada	78
43	Rotterdam School of Management	Netherlands	77.8
44	University of Cape Town	South Africa	77.5
45	Peking University	China	77
46	Rice University	USA	76.5
47	University of California at Los Angeles	USA	76.3
48	Emory University	USA	76
49	Penn State University (Smeal)	USA	75.8
50	Indiana University (Kelley)	USA	75.2
51	York University	Canada	75
52	University of Western Ontario	Canada	74.6
53	University of Southern California	USA	74.5
54	Washington University (Olin)	USA	74
55	University of Rochester (Simon)	USA	73.8
56	University of Washington (Foster)	USA	73.3
57	Purdue University	USA	73
58	Texas A&M University (Mays)	USA	72.9
59	City University London	UK	72.8
60	University of Texas at Austin	USA	72.5
61	Cranfield University	UK	72
62	University of North Carolina (Kenan-Flagler)	USA	71.7
63	Ohio State University (Fisher)	USA	71.3
64	Boston University	USA	71
65	Vlerick Business School	Belgium	70.5
66	University of Minnesota (Carlson)	USA	70
67	Boston College	USA	69
68	Incae Business School	Costa Rica	68.8
69	University of British Columbia	Canada	68.5
70	Queens University	Canada	68
71	Coppead	Brazil	67
72	Pontificia Universidad Catolica de Chile	Chile	66.7
73	University of Edinburgh	UK	66.3
74	Business School Sao Paulo	Brazil	66
75	Mannheim Business School	Germany	65.7
76	Macquarie Graduate School of Management	Australia	65.2
77	SP Jain Institute of Management	India	65
78	Michigan State University (Broad)	USA	64.9
79	Copenhagen Business School	Denmark	64.3
80	University of Alberta	Canada	64
81	American University in Cairo	Egypt	63
82	Universidad de Chile	Chile	62.7
83	University of South Carolina	USA	62.4
84	University of Miami	USA	62.1
85	IPADE	Mexico	62
86	University of Notre Dame	USA	61.5
87	Babson College	USA	61.3
88	University of California Irvine	USA	61
89	Brigham Young University	USA	60
90	Thunderbird School of Global Management	USA	59
91	Georgia Institute of Technology	USA	58
92	Lancaster University	UK	57
93	George Washington University	USA	56.9
94	University of Warwick	UK	56.4
95	Bond University	Australia	56
96	Queensland Institute of Tech	Australia	55.8
97	Southern Methodist University	USA	55.3
98	Wake Forest University	USA	55
99	University of Pittsburg	USA	54.5
100	University of St.Gallen	Switzerland	54

Top MBA Distribution

Top US B-Schools

Rank	Name of Institution	Country
1	Harvard University	USA
2	Stanford University	USA
3	University of Pennsylvania	USA
4	Columbia University	USA
5	MIT	USA
6	University of Chicago	USA
7	Northwestern University	USA
8	University of California at Berkeley	USA
9	New York University	USA
10	Dartmouth College	USA

Top European B-Schools

Rank	Name of Institution	Country
1	INSEAD	France
2	IE Business School	Spain
3	IMD	Switzerland
4	HEC Paris	France
5	IESE	Spain
6	ESADE	Spain
7	SDA Bocconi	Italy
8	Rotterdam School of Management	Netherlands
9	Vlerick Business School	Belgium
10	Mannheim Business School	Germany

Top UK B-Schools

Rank	Name of Institution	Country
1	London Business School	UK
2	Cambridge University	UK
3	Oxford University	UK
4	University of Manchester	UK
5	Imperial College	UK
6	City University London	UK
7	Cranfield University	UK
8	University of Edinburgh	UK
9	Lancaster University	UK
10	University of Warwick	UK

Top Asian B-Schools

Rank	Name of Institution	Country
1	IIM Ahmedabad	India
2	Hong Kong UST	China
3	Indian School of Business	India
4	IIM Calcutta	India
5	National University Singapore	Singapore
6	CEIBS	China
7	University of Hong Kong	China
8	Nanyang Technological University	Singapore
9	CUHK	China
10	Peking University	China

Top Canadian B-Schools

Rank	Name of Institution	Country
1	University of Toronto	Canada
2	McGill University	Canada
3	York University	Canada
4	University of Western Ontario	Canada
5	University of British Columbia	Canada
6	Queens University	Canada
7	University of Alberta	Canada

Top Australian B-Schools

Rank	Name of Institution	Country
1	Australian Graduate School of Management	Australia
2	University of Melbourne	Australia
3	Macquarie Graduate School of Management	Australia
4	Bond University	Australia
5	Queensland Institute of Tech	Australia

MBA Goes Online

There has been a drastic increase in the number of students opting for online courses in recent times. According to Ambient Insight, the global e-learning market is said to reach a whopping Rs.2.5 lakh crore (about US$47.2 billion) by 2014. Most prospective B-school students hesitate to commit to a two-year programme due to lack of funds, lack of time and preference for work experience. These students are choosing online MBA programs over conventional courses to meet their requirements.

What it Involves
Pursuing an online MBA degree allows you to receive your study material from an international, local or well known university without leaving your computer.
You can contact your professors and other students through web chat sessions, Skype calls and so on.
Some institutes also arrange discussion meetings of students from one particular location. Assessments are carried out through periodic online examinations and tests.

The Options
Online MBA programmes: These are taught entirely online and the student need not visit the university for any purpose.
Combination MBA programmes:In these programmes, the learning is divided into online sessions as well as classroom sessions.

The Benefits
The biggest pro of pursuing an online MBA is that it allows you the flexibility of working while studying. Therefore, both your practical and theoretical knowledge witness a simultaneous increase. There is also the significant advantage of making money while you study. Another valuable benefit is that you can implement your learning in your professional life instantly, giving you immediate gratification. There is also the added advantage of owning a global degree, without the extra expenditure. An online MBA is also a viable option for students who want to escape the pressures of competitive exams as it is easier to gain admission for an online course.

The Drawbacks
The most obvious drawback of the online MBA is the lack of human connect. There is no interaction with fellow students and immediate guidance from professors. There are many other benefits that online MBA students can’t enjoy, such as industry visits and networking with important people from the industry. Also, an online programme is suited only for people who are disciplined and selfmotivated as classroom pressures are not present in such an education.

Bottom Line
If you have an online MBA degree and are competing with someone with a campus degree, you might probably be the second choice for the job. However, if you have both work experience and an online degree, your chances will improve significantly.
Online MBAs are thus more suited for people who have attained posts they don’t want to give up, but are still keen on updating their knowledge and
keeping up with developments.
Most importantly, one needs to ensure that the college offering the online MBA is recognised by national accrediting bodies (these differ from country to country). Double and triple check the college’s affiliation.

Top 50 Online MBA

Rank	Name of Institution	Country	Score
1	IE Business School	USA	100
2	University of Florida	USA	99.5
3	Arizona State University	UK	99
4	Imperial College	USA	98.7
5	Babson College	USA	98
6	Drexel University	USA	97
7	George Washington University	USA	96
8	Indiana University Bloomington	USA	95
9	Thunderbird School of Global Management	USA	94
10	Northeastern University	USA	93
11	Syracuse University	USA	92
12	Temple University	USA	91
13	Penn State University	USA	90
14	North Carolina State University	USA	89
15	University of North Carolina Chapel Hill	USA	88
16	University of Strathclyde	UK	87
17	University of Warwick	UK	86
18	University of London (Royal Holloway)	UK	85
19	University of Edinburgh	UK	84
20	Suffolk University	USA	83
21	Virginia Tech	USA	82
22	University of Michigan Dearbon	USA	81
23	Pace University	USA	80
24	Florida State University	USA	79
25	University of Derby	UK	78
26	Hofstra University	USA	77
27	Florida International University	USA	76
28	Auburn University	USA	75
29	University of Aston	UK	74
30	University of Nebraska Lincoln	USA	73
31	University of Texas Dallas	USA	72
32	University of Liverpoo	UK	71
33	University of Leicester	UK	70
34	Walden University	USA	69
35	Deakin University	Australia	68
36	SBS Business School	Switzerland	67
37	James Madison University	USA	66
38	University of Maryland UC	USA	65
39	Robert Gordon University	UK	64
40	Curtin University	Australia	63
41	Ball State University	USA	62
42	University of Massachusetts – Amherst	USA	61
43	University of Memphis	USA	60
44	Portland State University	USA	59
45	Rowan University	USA	58
46	Kennesaw State University	USA	57
47	Educatis	Switzerland	56
48	Oxford Brookes University	UK	55
49	EUDE	Spain	54
50	Athabasca University	Canada	53

Top 50 Finance

Rank	Name of Institution	Country	Score
1	London Business School	UK	100
2	Princeton University	USA	99.8
3	IE Business School	Spain	99.3
4	MIT	USA	99
5	London School of Economic	UK	98.7
6	ESSEC Business School	France	98
7	HEC Paris	France	97
8	Oxford University	UK	96.6
9	ESCP Europe	Europe	96
10	University of Texas at Austin	USA	95.5
11	Texas A&M University	USA	95
12	Peking University	China	94
13	Grenoble School of Business	France	93
14	Imperial College	UK	92
15	EDHEC Business School	France	91
16	Boston College	USA	90
17	University of St.Gallen	Switzerland	89
18	University of Warwick	UK	88
19	Purdue University	USA	87.5
20	Vanderbilt University	USA	87
21	EMLYON Business School	France	86
22	City University	UK	85
23	Cranfield University	UK	84
24	Washington University St Louis	USA	83
25	University of Illinois UC	USA	82
26	Stockholm School of Economics	Sweden	81
27	University of Rochester	USA	80
28	University of Maryland College Park	USA	79
29	Rotterdam School of Management	Netherlands	78
30	George Washington University	USA	77
31	EADA	Spain	76
32	Nova School of Business & Eco	Portugal	75
33	Michigan State University	USA	74.5
34	Ohio State University	USA	74
35	University of Bath	UK	73
36	University of Manchester	UK	72
37	University of Reading	UK	71
38	Università Bocconi	Italy	70
39	Vlerick Business School	Belgium	69
40	University of Arizona	USA	68
41	University of Florida	USA	67
42	University of Utah	USA	66
43	Lancaster University	UK	65
44	University College Dublin	Ireland	64
45	Northeastern University	USA	63
46	University of Nottingham	UK	62
47	University of Strathclyde	UK	61
48	Villanova University	USA	60
49	Tulane University	USA	59.5
50	University of Colorado Denver	USA	59

Top 50 Marketing

Rank	Name of Institution	Country	Score
1	New York University	USA	100
2	Northwestern University	USA	99
3	Columbia University	USA	98.7
4	Johns Hopkins University	USA	98.4
5	University of Bath	UK	98
6	University of Melbourne	Australia	97.6
7	ESCP Europe	Europe	97.3
8	University of Manchester	UK	97
9	Erasmus University Rotterdam	Netherlands	96
10	Copenhagen Business School	Denmark	95.7
11	HEC Paris	France	95
12	EADA	Spain	94.7
13	Griffith University	Australia	94
14	City University of Hong Kong	China	93
15	ESSEC Business School	France	92
16	Cranfield University	UK	91
17	Texas A&M University	USA	90
18	Imperial College	UK	89
19	BI Norwegian Business School	Norway	88
20	Vlerick Management School	Belgium	87
21	City University London	UK	86
22	ESADE	Spain	85.6
23	EBS Business School	Germany	85
24	SKEMA Business School	France	84
25	Maastricht University	Netherlands	83
26	Clemson University	USA	82
27	Lancaster University	UK	80
28	Monash University	Australia	80
29	Aalto University	Finland	79
30	University of Strathclyde	UK	78
31	University of Newcastle	Australia	77
32	University of Nottingham	UK	76
33	ISCTE Business School	Portugal	75
34	King’s College London	UK	74
35	Stockholm University	Sweden	73
36	University of Cincinnati	USA	72
37	Fordham University	USA	71
38	Bentley University	USA	70
39	University College Dublin	Ireland	69
40	University of Edinburgh	UK	68
41	Brunel University	UK	67
42	University of Glasgow	UK	66
43	University of Stirling	UK	65
44	University of Kent	UK	64
45	University of Aston	UK	63
46	University of Sydney	Australia	62
47	University of Leeds	UK	61
48	Florida State University	USA	60
49	University of Reading	UK	59
50	Coventry University	UK	58

Top 50 Management

Rank	Name of Institution	Country	Score
1	London School of Economics	UK	100
2	IE Business School	Spain	99
3	MIT	USA	98
4	ESCP Europe	Europe	97.5
5	HEC Paris	France	97.2
6	Rotterdam School of Management	Netherlands	97
7	EMLYON Business School	France	96
8	Mannheim Business School	Germany	95
9	Imperial College	UK	94
10	ESSEC Business School	France	93
11	HHL Leipzig Graduate School	Germany	92
12	ESADE	Spain	91.5
13	Edhec Business School	France	91
14	Grenoble Graduate SOB	World	90
15	University of St.Gallen	Switzerland	89
16	City University London	UK	88.7
17	Università Bocconi	Italy	88.3
18	Thunderbird School of Global Management	USA	88
19	Vlerick Business School	Belgium	87
20	Duke University	USA	86
21	Bordeaux University	France	85
22	Maastricht University	Netherlands	84
23	Copenhagen Business School	Denmark	83
24	IAG-Louvain	Belgium	82
25	University College London	UK	81
26	University of Warwick	UK	80
27	HEC Montreal	Canada	79
28	Brunel University	UK	78
29	University of Bath	UK	77
30	Télécom Business School	France	76
31	Norwegian School of Economics	Norway	75
32	Lancaster University	UK	74
33	University of Strathclyde	UK	73
34	Politecnico di Milano	Italy	72
35	University of Economics	Czech Rep	71
36	University of Cologne	Germany	70
37	University of Edinburgh	UK	69
38	Warsaw School of Management	Poland	68
39	Aston University	UK	67
40	University of Reading	UK	66
41	University of Leeds	UK	65
42	BI Norwegian Business School	Norway	64
43	Catholic University of Portugal	Portugal	63
44	Nyenrode Business Universiteit	Netherlands	62
45	Antwerp Management School	Belgium	61
46	Shanghai Jiao Tong University	China	60
47	Aarhus University	Denmark	59
48	University of Nottingham	UK	58
49	Robert Gordon University	UK	57
50	Bradford University	UK	56

Diversity of Students

Rank	Name of Institution	Country
1	Columbia University	USA
2	IE Business School	Spain
3	Harvard University	USA
4	Stanford University	USA
5	MIT	USA
6	University of Virginia	USA
7	Cornell University	USA
8	HEC Paris	France
9	University of Chicago	USA
10	New York University	USA

Diversity of Faculty

Rank	Name of Institution	Country
1	New York University	USA
2	Harvard University	USA
3	MIT	USA
4	Northwestern University	USA
5	Dartmouth College	USA
6	London Business School	UK
7	Duke University	USA
8	Cambridge University	UK
9	INSEAD	France
10	University of Hong Kong	China

Value for Money

Rank	Name of Institution	Country
1	IIM Ahmedabad	India
2	IIM Calcutta	India
3	Indian School of Business	India
4	National University Singapore	Singapore
5	University of Melbourne	Australia
6	McGill University	Canada
7	University of Toronto	Canada
8	University of Hong Kong	China
9	Duke University	USA
10	Carnegie Mellon University	USA

I Feel that My Education at the Institute was Worth the Money I Spent
60 per cent of B-school alumni said their expensive degree was not worth the money. The conclusion we can draw is that as employees in the real world, these business graduates would have become disappointed with the gap that exists between the idealistic atmosphere of the classroom and the gritty actuality of the real world. This is a clarion call to B-schools to make their curriculum more rooted in reality.

Career Services

Rank	Name of Institution	Country
1	IIM Ahmedabad	India
2	Stanford University	USA
3	University of Pennsylvania	USA
4	Northwestern University	USA
5	Dartmouth College	USA
6	University of Chicago	USA
7	University of Virginia	USA
8	National University Singapore	Singapore
9	Columbia University	USA
10	Cornell University	USA

Exchange Programmes

Rank	Name of Institution	Country
1	London Business School	UK
2	INSEAD	France
3	IE Business School	Spain
4	Columbia University	USA
5	Cornell University	USA
6	IIM Ahmedabad	India
7	Duke University	USA
8	New York University	USA
9	HEC Paris	France
10	Indian School of Business	India

The Teaching Faculty at My Institution are Very Receptive to Discussions, Questions and New Ideas
60 per cent of surveyed students said their professors encourage active participation in the classroom, making the teaching sessions more interactive, rather than a one-way monologue. This is a hallmark of quality teaching as the faculty understands and accepts that learning is not limited to just the textbook and the professor and that innovation springs forth from everywhere.

My Instituion Provides Very Good Campus Support Including Housing
A question that split the students right down the middle, 50 per cent of them said their institute takes good care of them on campus and the other 50 per cent disagreed. What we understand is that those students who wanted assistance approached the support services and came away satisfied. And those who did not require any help did not approach the support service cell and probably responded negatively.

Innovation of Programmes

Rank	Name of Institution	Country
1	IE Business School	Spain
2	University of Pennsylvania	USA
3	Northwestern University	USA
4	University of Chicago	USA
5	University of Virginia	USA
6	INSEAD	France
7	London Business School	UK
8	University of Michigan Ann Arbor	USA
9	Carnegie Mellon University	USA
10	HEC Paris	France

Innovation of Teaching Methodologies

Rank	Name of Institution	Country
1	Stanford University	USA
2	Harvard University	USA
3	Columbia University	USA
4	INSEAD	France
5	University of Michigan Ann Arbor	USA
6	Carnegie Mellon University	USA
7	New York University	USA
8	MIT	USA
9	University of Chicago	USA
10	IE Business School	Spain

Campus Support

Rank	Name of Institution	Country
1	Stanford University	USA
2	Harvard University	USA
3	University of Pennsylvania	USA
4	University of Virginia	USA
5	University of Chicago	USA
6	National University Singapore	Singapore
7	University of Michigan Ann Arbor	USA
8	MIT	USA
9	McGill University	Canada
10	IESE	Spain

Student Satisfaction

Rank	Name of Institution	Country
1	Columbia University	USA
2	New York University	USA
3	Harvard University	USA
4	University of Pennsylvania	USA
5	Stanford University	USA
6	Northwestern University	USA
7	University of Chicago	USA
8	University of Virginia	USA
9	London Business School	UK
10	INSEAD	France

Recruiter Satisfaction

Rank	Name of Institution	Country
1	Harvard University	USA
2	Stanford University	USA
3	Dartmouth College	USA
4	IIM Ahmedabad	INDIA
5	University of Pennsylvania	USA
6	Columbia University	USA
7	London Business School	UK
8	Cornell University	USA
9	INSEAD	France
10	IE Business School	Spain

Alumni Satisfaction

Rank	Name of Institution	Country
1	Columbia University	USA
2	Cornell University	USA
3	University of Pennsylvania	USA
4	Harvard University	USA
5	Stanford University	USA
6	University of Chicago	USA
7	Northwestern University	USA
8	London Business School	UK
9	IESE	Spain
10	INSEAD	France

Extracurrcular Activities

Rank	Name of Institution	Country
1	University of Chicago	USA
2	University of Michigan Ann Arbor	USA
3	University of Virginia	USA
4	Northwestern University	USA
5	Stanford University	USA
6	Harvard University	USA
7	MIT	USA
8	University of California at Berkeley	USA
9	Dartmouth College	USA
10	Duke University	USA

Ranking Methodology

How did We Choose Institutes?

We chose 700 institutes across the world after having discussions with students, recruiters and faculty. We also consulted professional organizations such as AMBA, EQUIS and AACSB. Youth Inc’s Research Unit (YRU) also studied domestic rankings in various countries to find the best institutes.
All the institutes were sent identical surveys. We then contacted current students, alumni, as well as local and international recruiters and gathered specific information about the institutes.

Factors Considered
1. Recruiter perception – Identical surveys were sent to recruiters worldwide. The recruiters were asked to rate the institutes that they were most likely to recruit from. The recruiters were also asked to rate the students they have recruited from specific business schools on several criteria including leadership potential and strategic thinking.

2. Diversity of students – The institutes were asked to report the total number of students on campus and what percentage of the students were international and speak two or more languages. Gender diversity of the students was also considered.

3. Diversity of faculty – The institutes were asked to report the total number of faculty on campus and what percentage of the faculty was international, hold doctorate degrees and accredited with their own publishing material. Gender diversity of the faculty was also considered.

4. Programme innovation – We considered the different ways to construct degree programmes as well as the choice students have in terms of selecting electives.

5. Innovation in teaching methodologies – Institutes were asked to select different teaching methodologies that we considered innovative. Some of these included company visits, dual or multiple majors and course collaborations between different departments at the institute. Our list was selected after surveying students across different campuses worldwide.

6. Value for money – We considered students’ and alumni’s opinions on whether a particular school was perceived as ‘value for money’. We also asked institutes to state the percentage of students who received some sort of funding from the
institutes.

7. Campus support – We asked the institutes, current students and alumni to select the different types of assistance provided by the student office or a similar body on campus. Our list was selected after surveying students across different campuses worldwide.

8. Career service – We asked the institutes, current students and alumni about the availability and functioning of a career service cell and how active such a service was for the students. We also considered what percentage of students were actually placed through the institute’s career service cell, how long it look for such placements and what the average starting salaries were.

9. Exchange programmes – Institutes were asked to report the percentage of students that opted for exchange programmes. We also considered the exchange students present on the institute’s campus.

10. Student satisfaction – Current students and alumni were asked to rate their institutes on various factors including career services, attitude of staff and professors, location and course content.

Actual Methodology
We sent invitations to 700 institutes. Institutes were provided a password using which they could send us their completed survey online. They were asked to answer questions relating to full-time faculty, career services,
student and programme information and all the factors listed above.
We contacted current students and alumni of the institutes and asked them to rate specific statements which were pertaining to the factors we considered in this ranking. Many institutes preferred to send the survey links to their students and alumni directly.
Over 8000 recruiters were sent emails with a survey. The recruiter list was prepared from the responses of the institutes and also included internationally well known recruiters. The recruiters were asked to enlist institutes that they were likely to recruit from.
Each factor was made up of a set of questions. The total percentage attributed to that factor was based on the average score of the responses multiplied by the assigned weightage. We then totalled the score from all factors and sorted the scores from highest to lowest. The school(s) with the highest score was ranked first.

Not Just Numbers!
After we received the total computed scores for the institutes, we subjectively analysed the data provided by the institutes, current students, alumni and recruiters. If we found discrepancies in the satisfaction scores and the subjective descriptions, we omitted the data.

Institutes that did not Fill Out the Survey Reports in Time
Out of 700 institutes that were contacted, 120 institutes did not complete the survey on time or did not respond. We used publicly available information on the institutes to include them in our ranking. We also contacted current students, alumni and recruiters of these institutes and compared the data we received with the data from institutes that did participate.

Special Notes
Masters in Finance – The programs include the pre-experience as well as the post-experience Masters programmes. The ranking also includes the programmes which are recently established.
Masters in Management – Certain Masters in Management programmes with specialisations are also included in the ranking.
Masters in Marketing – Combination courses of marketing with communication and other fields are also included in the ranking.
Online MBA – Certain factors such as campus support and exchange programmes were omitted in the factors considered for the ranking.

INFORMATION INFORMATION INFORMATION REPORTED BY REPORTED REPORTED BY THE SCHOOL BY CURRENT ALUMNI STUDENTS Diversity of 2% 2% 2% Students Diversity of 2% 2% 2% Faculty Innovation of 2% 2% 2% Programs Innovation 2% 2% 2% in Teaching Methodologies Value for Money Campus 2% 2% 2% Support Career 4% 4% 4% Service Exchange 2% 2% 2% Programs Student 2% 2% 2% Satisfaction 20% 20% 20%

Information Reported by Recruiters

Recall of institute where to recruit from	10%
Likelihood of recruiting from same institute again	10%
Overall satisfaction with students recruited	10%
Satisfaction with institute career cell	10%
	40%

We contacted current students, alumni and local and international recruiters to gather specific information about the institutes.

Volume 2 Issue 5