Mumbai: Clearing the CAT is the first big challenge for any MBA aspirant, then comes search for a premiere business school. It is always a tough exercise to select which premier institution is the best for one. CNBC-TV18 just made it easy for the aspirant. Its exclusive study on B-School rankings, covering 145 B-Schools, 235 recruiters and 217 faculty members, is there to help him. The study was released today.
The fourth edition of the annual study called ‘India’s Best B-Schools 2012′ adopts 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)
Weaving a bright career. Reuters
The CNBC-TV18 exclusive survey placed IIM Ahmedabad at the top but said, “… IIM Bangalore is running very close driven by its improved performance in areas such as industry interface and international linkages”.
IIMs dominated the rankings by capturing six spots out of the top 10.
The country’s top B-school graduates prefer BFSI, IT, Consulting and FMCG sectors for jobs as they accounted for almost 70 percent of recruiters, the study said.
“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,” the report said.
On salaries, the study found that for IIM-A graduates the “maximum salary offered for an Indian job was Rs 37 lacs per annum and for a foreign posting was $ 139.64 thousand per annum”.
While 14 percent of the graduates were posted abroad, the average and median salary figures were Rs 16.36 lacs per annum and Rs 15.15 lacs per annum respectively.
The Ahmedabad-based institute also fared well in research as many faculties published articles in leading A grade journals.
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 most of the 4,000 plus B-Schools. Most of them are struggling to get students and also recruiters.”
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.”
Read CNBC-TV18 release below: