The Economist MBA Ranking 2022: India’s top institutions have fallen in their ranking in The Economist MBA Rankings 2022. According to The Economist’s MBA Rankings list, IIM-Ahmedabad has dropped 48 places to 99th position and ISB has fallen to 75th position with 31 scores. In 2019, IIM-Ahmedabad was the top participating organization from India, ranking 75th.
Both institutes have been placed in the top 100 in the world by The Economist magazine for the second year in a row. According to a report on indianexpress.comthis drastic drop is due to the participation of US business schools this year.
Professor Ramabhadran Thirumalai, deputy dean of academic programs at ISB, told IE that many top schools, including Harvard, Wharton, Kellog and Stanford, did not participate last year. This year not only did they participate but also achieved the top rank and as a result most of the institutes have been pushed down including ISB. The average salary growth of the students has increased continuously over the past three years. so it is a fact that the market approves our science projects and graduates,” said Thirumalai.
This year, the 2nd-3rd of the 50 ranks have been secured by US business schools. Last year most institutes did not participate in the rankings because of the problem with the ranking methodology used by The Economist.
This year, the full-time MBA program at Harvard Business School ranks first, 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 are not ranked on different parameters. For example, the institutes were ranked last year according to personality development and professional experience, faculty-student ratio and student-faculty diversity. However, the ranking does not give them a grade for these parameters.
The rankings of the institutes this year are based on School data (80 percent) and student surveys (20 percent). School data includes average GMAT scores and alumni salaries.
Top-10 B Schools According to The Economist’s 2022 Full-Time MBA Ranking
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