The top Indian institutes have dropped in The Economist MBA Rankings 2022. According to The Economist’s MBA Rankings, IIM-Ahmedabad has dropped 48 places to rank 99, while ISB has dropped 31 positions to rank 75. In 2019, IIM-Ahmedabad was the main participating organisation from India, ranking 75th.
Both Institutes have been positioned among the world’s top 100 by The Economist magazine for the second year in a row. According to a report, this drastic drop is because of the participation of the US business schools this year.
Professor Ramabhadran Thirumalai, deputy dean of academic programmes at ISB, stated that many top-ranking schools including Harvard, Wharton, Kellog, and Stanford did not participate last year. This year they did not only participate but also secured top rank and consequently, most institutes have been pushed down, including ISB.
This year, 2nd-3rd of the 50 ranks have been secured by American business schools. Last year, most of the institutes did not participate in the rankings due to the issue with the ranking methodology used by The Economist.
This year, the full-time MBA program at Harvard Business School is in first place, followed by the Kellogg School of Management at Northwestern University and the Wharton School at the University of Pennsylvania in second and third place, separately.
Both institutes have not been ranked on various parameters. For example, , the institutes were ranked last year based on personality development, professional experience, the faculty-student ratio, and the diversity of the students and faculty. They are not graded in relation to these criteria, though, according to the ranking table.
This year, the rankings of the institutes have been given on the basis of School data (80 per cent) and student surveys (20 per cent). School data comprises average GMAT Scores and salaries of alumni.
Top-10 B-schools as per The Economist MBA Rankings 2022
1. Harvard Business School
2. University of Pennsylvania – Wharton School
3. Northwestern University – Kellogg School of Management
4. Columbia Business School
5. Massachusetts Institute of Technology – MIT Sloan School of Management
6. Duke University – Fuqua School of Business
7. HEC Paris Business School
8. Stanford University – Graduate School of Business
9. University of Chicago – Booth School of Business
10. University of Michigan – Stephen M. Ross School of Business