The Financial Times (FT) Global MBA Ranking 2024, which was published on February 12, ranked the Indian School of Business (ISB) as the top management school in India, marking a recent victory for the country’s educational system. The institute moved up from last year’s 39th place to the 31st spot overall in 2024.
Not far behind, the Indian Institute of Management (IIM) Ahmedabad took second place in the country’s rankings, rising to an impressive 41st place worldwide. IIM Bangalore and IIM Calcutta both placed 47th and 67th, respectively, demonstrating their prominence in the world ranking. Meanwhile, IIM Lucknow came in at 85th place, and XLRI, the Xavier School of Management, at 99th place in the rankings.
FT Global MBA Rankings 2024: List of Indian Business Schools
– IIM Ahmedabad was one of four out of the top 20 business schools with the highest weighted alumni salaries from outside the United States.
– IIM Ahmedabad was ranked first for career advancement, which was determined by an increase in responsibility in alumni’s roles in employment and the size of organisations.
– IIM Calcutta was ranked first in terms of the number of month-long exchanges and internships completed by the most recent graduating class.
– India School of Business (ISB) was ranked first in terms of highest salary increases from the time alumni started their MBA to three years after they finished it.
The University of Pennsylvania at Wharton topped the global rankings and returned to its previous ranking as the top MBA programme in the world in 2024. France’s Insead came in second, followed by Columbia Business School and Italy’s SDA Bocconi School of Management in third, and Spain’s IESE Business School in fifth. It’s interesting to note that the Harvard Business School, an Ivy League institution, came in at number eleven worldwide.
FT Global MBA Rankings 2024: Top 10 MBA Schools
1 — University of Pennsylvania, Wharton
2 — Insead
3 — Columbia Business School; SDA Bocconi School of Management
5 — IESE Business School
6 — Northwestern University, Kellogg School of Management; MIT, Sloan
8 — London Business School
9 — Cornell University, Johnson
10 — University of Chicago, Booth
The assessment considered factors such as money, alumni study goals met, gender and international diversity, academic research quality, school environmental policies, and salary and pay increases. The Financial Times MBA ranking’s survey data was analysed by renowned audit and advisory firm KPMG, which offered insights. Using performance as a basis, the evaluation divided business schools into four groups. Schools achieving higher cohort averages are classified as Tier I and II, whereas schools achieving lower cohort averages are classified as Tier III and IV.
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