The Indian Institute of Management (IIM) in Bengaluru has been declared India’s best business school for Masters students by British daily Financial Times in its annual Masters in Management (MiM) list. IIM (B) was ranked 31 and finished ahead of schools from France, Germany, the United States and the United Kingdom, and Denmark. SP Jain Institute of Management & Research in Mumbai and IIM Lucknow were also ranked at 44 and 64 positions in the list.
“Adding yet another feather to its cap, Indian Institute of Management (Bangalore) has been declared India’s Best B-school in the Financial Times (FT) Masters in Management (MiM) Ranking 2022 announced this morning,” the institute tweeted.
The institution also noted a significant improvement in its ranking this year.
In 2021, IIM (Bangalore) was 47th.
“The school’s global position has also seen a significant leap this year – IIMB is at 31 globally in 2022, up from 47 in 2021. IIMB has topped this year’s FT MiM global ranking on parameters such as faculty with doctorates, graduates’ weighted salary and graduates employed at three months.”
The Financial Times noted the average weighted salary of an IIM (Bangalore) graduate is $US144,178 dollars per annum. Professor Rishikesha T Krishnan, the director, said “We are happy our focus on excellence is being consistently reflected in national and global rankings. IIMB’s leadership position in these rankings play a part in raising the visibility and reputation of the school.”
The University of St Gallen from Switzerland secured the number 1 position, followed by HEC Paris in France.
FT MIM RANKING 2022: Best Indian B-Schools
Rank 31: IIM Bangalore
Rank 44: SPJIMR
Rank 64: IIM Lucknow
Rank 81: IIM Udaipur
Rank 89: IIM Indore
Rank 97: International Management Institute New Delhi
FT MIM RANKING 2022: Top 10 B-Schools in the world
Rank 1: University of St Gallen
Rank 2: HEC Paris
Rank 3: Rotterdam School of Management, Erasmus University
Rank 4: Stockholm School of Economics
Rank 5: ESCP Business School
Rank 6: Essec Business School
Rank 7: London Business School
Rank 8: University College Dublin: Smurfit
Rank 9: EMLyon Business School
Rank 10: ESMT Berlin
16 factors make up the FT MiM rating. Seven criteria—together accounting for 59% of the ranking’s overall weight—are based on alumni replies. Nine additional criteria are calculated using student data and are assigned a weight of 41%.
Value for money, professional advancement, goals attained, career assistance, employability, female students, the participation of women on the Institute’s board, female professors, international mobility, and faculty with doctorates are among the primary indicators taken into account for the rankings.