CNBC-TV18 unveils 'India's Best B-Schools 2012'

IIM-A maintains leadership, IIM-B closing in; average salaries see a 20% rise in top b-schools

January 12, 2012:

As 1.85 lac students in India await their fate with the CAT results, India's No. 1 English business news channel*, CNBC-TV18 released the latest edition of its annual B-School rankings study, 'India's Best B-Schools 2012' today. The 4^th edition of the ranking covers 145 B-Schools, 235 recruiters and 217 faculty members, across a dual methodology, making it one of India's leading and most comprehensive rankings for management education. (*Source: TAM, Market: All India, TG: CS AB Males 25+, Time Period: wk 1 – 53 2011, All Days, 0600-2400 hrs)

CNBC-TV18's India's Best B-Schools 2012

Note: ISB, Hyderabad & SIBM, Pune did not participate in the data survey

For full ranking details and methodology, log onto www.cnbc-tv18.com/bestbschools

Rise of IIM-Bangalore

IIM Ahmedabad led the rankings and continues to be the benchmark for MBA education in India. However, IIM Bangalore is running very close driven by its improved performance in areas such as industry interface & international linkages. IIM's continued their pre-eminence amongst management schools, with as many as six out of the top 10 B-schools being an IIM.

Placements

BFSI, IT, Consulting & FMCG continue to be favorite haunts for India's top b-school graduates as they accounted for almost 70% of B-School recruiters. In terms of average salaries, India's top b-schools saw an average increase of approximately 20%. However, amongst the lower ranked schools, there were considerable challenges in terms of intake as well as salary increases and placements.

At IIM-A, the maximum salary offered for an Indian job was Rs 37 lacs per annum and for a foreign posting was US $ 139.64 thousand per annum. The average and median salary figures were 16.36 lacs per annum and 15.15 lacs per annum respectively. About 14 percent of the graduates were posted abroad. As is known, IIM-A has recently introduced the 'cohort' based placement system, wherein companies that offer similar roles, profiles, salaries, locations etc would visit campus together at a particular time basis batch preferences.

Greater impetus for research and entrepreneurship

IIM-A led the pack in terms of research, with a large number of publications by its faculty members in leading A grade journals. On the whole, there has been an improvement in research published by leading b-schools in the country, as compared to last year.

In almost all top B-Schools there are now various programmes to promote entrepreneurship. In about 15 top Schools, business incubators are active. Ever since its inception, the incubation centre at IIM A has worked with over 55 aspiring enterprises out of which close to 45 are still operating and leveraging their expertise, whereas the incubation centre at IIM-B has launched 45 projects so far.

These rankings were developed using a detailed dual methodology which surveyed key stakeholders in management education including B-School institutions, faculty and recruiters. This in-depth methodology, comprised of an extensive data based quantitative survey as well as perception based inputs, making 'CNBC-TV18's India's Best B-Schools 2012', one of India's leading and most comprehensive B-School rankings. For the 2012 rankings, CNBC-TV18 partnered with the premier market research and consulting firm Centre for Forecasting & Research (C-fore). For full ranking details and methodology, log onto
www.cnbc-tv18.com/bestbschools

Speaking on the rankings and B-schools in India Premchand Palety, Chief Executive, C-fore said “Like last year this year again we evaluated B-Schools on six broad and 54 sub parameters. In majority of the areas the performance of the top ranking B-Schools have improved compared to last year. However, things are not that rosy when we look at the lower end of the spectrum which comprises of most of the 4000 plus B-Schools. Most of them are struggling to get students and also recruiters.”

Speaking on 2012 edition of the rankings Suresh Venkat, Editor-Special Projects, CNBC-TV18 said “These rankings are an attempt to provide insights which can help students make effective decisions on their B-School journey, as they navigate an increasingly complex set of choices today and an extremely competitive environment. Over the years, through our comprehensive B-School study, we've tried to address various stakeholders in management education and ensure India's future business leaders have a helpful guide when making a critical career choice”

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