The Financial Times MBA rankings haven't been great in the past few years for Indian b-schools. Last year, all of the IIMs slipped out of the top-fifty and some went well into the top-sixties, including IIM Ahmedabad. But that's changed. In the Financial Times MBA rankings of 2023, the IIMs have made-up several positions over last year. What's more, IIM Lucknow has made its debut in the rankings, and IIM Indore has made a fantastic comeback. But what about ISB, which has been slipping in rankings for the past couple of years? Learn more in this breakdown of the FT MBA rankings 2023.
Columbia, INSEAD, IESE top the list, Wharton out of the top hundred | FT MBA rankings 2023
Columbia Business School has emerged as, for the first time ever, the world's leading business school, as per the latest
FT MBA rankings. It's also one of the four M7 b-schools in the top-ten, along with Stanford, Harvard, and Kellogg.
Cornell Johnson was one of the biggest gainers in the FT MBA rankings of 2023, moving up nine places compared to last year. Other big gainers include SDA Bocconi School of Management, and UC Berkley's Haas School of Business, both of which have moved up from the top-fifteen last year to the top-ten this year.
B-schools that lost a huge chunk of places include London Business School (nine places lost), and HEC Paris (eight places lost).
Here's the shocker: Upenn's Wharton School, which has topped the FT rankings eleven times out of twenty five, is now completely out of the top-hundred. The reason? Wharton failed to get the minimum number of alumni responses to its survey.
What else has changed: the Financial Times is now giving significant weight to an institute's carbon footprint, which is now one of the most important evaluation criteria—higher than diversity and international learning exposure. This alteration is somewhat bizarre, given that a b-school's carbon footprint has little to do with the quality of learning and graduation outcomes.
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ISB is India's top b-school but slips in rankings for third year | FT MBA rankings 2023
The Indian School of Business (ISB) has, once again, been ranked as India's top management institute in the FT MBA rankings of 2023. The institute comes in at 39th place, a drop of seven places compared to last year's 32nd, and a drop of sixteen places compared to the year before that.
If this decline continues, there's a good chance of one of the IIMs outranking the institute within a couple of years.
This year, five IIMs feature in the FT MBA rankings, with IIM Lucknow breaking into the top-hundred for the first time. IIM Indore, which made its debut in 2021 (but didn't make it in 2022), makes a comeback by taking the 89th position and significantly improving on its 2021 rankings.
IIMs Ahmedabad and Bangalore have improved their rankings since last year, with the former improving by eleven positions. IIM-B has risen in the rankings by one position, but has still a long way to go before reclaiming its glory of being in the global top-forty like it did in 2021.
With six Indian b-schools in the top-hundred for the first time ever, Indian b-schools are making a stronger mark in the global MBA space. We're hoping to see more Indian b-schools make it to these rankings in the next few years.
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