Three Indian business schools figure in the annual Global MBA Ranking 2016 of the Financial Times. Among the three, Indian Institute of Management-Ahmedabad tops the list and is the 24th best B-school globally, scaling up two positions from its place in the 2015 list.
The Indian School of Business-Hyderabad was ranked 29th in the 2016 list, up four places from its last year’s position. The Indian Institute of Management-Bangalore was ranked 62, rising 20 positions from its place in the 2015 list.
Globally, Fontainebleau-based INSEAD, with its one-year MBA programme, climbed three places up from its 2015 ranking and dislodged Harvard Business School to top the 2016 rankings. It is for the first time that the France-based graduate business school’s one-year MBA programme has topped the list.
Harvard Business School, which was ranked the world’s best for two years in a row, was ranked No. 2 in the 2016 list. The top five include London Business School (3rd), Wharton School of the University of Pennsylvania (4th) and Stanford Graduate School of Business (5th). Unlike INSEAD, the other four schools in the top five offer two-year MBA programmes.
Interestingly, the decade-old one-year full-time residential post-graduate programme in management for executives (PGPX) has been ranked the best in the world in terms of career progress.
Two new B-schools entered the rankings this year, according to the FT report—one of them is School of Business at Renmin University of China, which is ranked 43. Renmin is also among the seven Chinese B-schools ranked in the top 50.
According to an FT analysis of the 2016 rankings, Carroll School of Management at Boston College was the biggest mover in 2016, moving 21 places to 69th rank.
The other interesting trend, according to the FT analysis, is the rise in the proportion of women enrolling in B-schools. “In 2015, 35% of MBA students were women, up from 30% in 2005,” the report said, before adding, “Last year, the proportion of female students topped 40% in 47 schools, a leap in four schools 10 years ago.”
This trend is particularly visible in Chinese schools, where, the analysis said, women accounted for 44% of overall students. Interestingly, at the Renmin University of China School of Business, 59% of the overall students were women.