On January 31st, 2011, FT.com released their 2011 Global MBA Rankings (Read Here). IIMA made its debut in these rankings at #11. This is the best ever debut, but more on that later.
When an iconic business school that has, over the last five decades, defined its contribution to the society through leaders who have led big changes in the Indian and international arena debuts on the MBA ranking scales in this manner, there is a lot of surprise. Why? Because owing to technicalities in ranking processes of international MBA billboards, Indian Institute of Management Ahmedabad never qualified for the rankings before. For the record, no other IIM has qualified, so far.
There is no doubt that MBA rankings recognize the School and not just the Programme. Because the school is what makes the ecosystem for learning; made possible by best in class faculty who do top of the line research, and using tools and pedagogy honed over years of research and student feedback, enable learning in their unique ways. Alumni of the institute keep the flag flying high and attract larger numbers of aspirants to the school. The students thrive in this environment and later as alumni themselves, through their real contributions and progression in their careers carry forward the alma mater’s glory and contribute to it.
In the context of rankings the change began when IIMA started to redefine the IIMA class, in more ways than one, with the PGPX programme. (Read about PGPX here) PGPX, the 1-year full time residential programme, attracts applicants with substantial work experience. A PGPX student, on an average, has 10 years of work experience, before he or she joins the full time residential programme. Additionally, international experience is recommended, though not mandatory. Now, the international MBA programmes in other countries, typically, admit students having about 4-5 years of work experience. Over the last couple of decades, while the IIMs have seen large growth in student numbers for the PGP batches (the 2-year full time residential programme), the classes continue to have substantial number of students with nil or minimal (by international standards) prior work experience. This constitution is what prevented IIMA from getting qualified for the MBA school rankings, all these years. The much needed, much deserved recognition in the world of MBA schools was left much awaited for IIMA.
At IIMA, FT.com ranking was sought since the qualification criteria were met in 2009, when the third batch of PGPX graduated. Now, FT.com ranking process includes a mandatory survey of graduates who have been working for 3 years after completing the programme. But that requirement changed when FT.com clarified that they needed the 4th batch out before IIMA could qualify. Therefore, the evaluation of the IIMA for the ranking was made possible only in 2010.
The debut of IIMA at #11 is the ‘best ever debut’ (Read the release here) and it is no simple achievement for a business school from India to do this. Right behind IIMA, on the FT.com rankings is Indian School of Business (ISB, Hyderabad, India). They were quick to clarify in their press release (Read ISB's press release here) that it was the PGPX programme that qualified for these rankings. They have enough reason to make this clarification.
But, as should be well understood, the ranking belongs to the entire Faculty, the Alumni, the managers and administrators and students of IIMA who’ve made possible the millions of aspects that go into building an iconic institution. A great way to begin a year when IIMA celebrates its Golden Jubilee!
