Economist ranks IMD, IESE, Chicago GSB top global MBAs; IIM-A ranked global No 2 on new career opportunities

The Economists Which MBA? ranking puts IMD - International Institute for Management Development, IESE Business School - University of Navarra and Chicago, University of - Graduate School of Business as the top three MBA programmes. Indian Institute of Management Ahmedabad is the only Indian institute to find a mention in this ranking, with its MBA programme ranked at 91 globally. Commendably, its programme is ranked as second best programme on institute which opens new career opportunities. The ranking was released on September 30.

The Economist ranking of full-time MBA programmes was based on an initial selection of 133 leading business schools around the world. All 133 schools were invited to take part in our two-stage survey, which requires input from schools and the students/alumni of each school.

Stanford Graduate School of Business, Dartmouth College--Tuck School of Business, California at Berkeley, University of--Haas School of Business are ranked as # 4, # 5, and # 6 on the global rankings.
Economist Which MBA 2009 Global Top 10 B-schools

School
Rank (out of 100)
IMD - International Institute for Management Development

1
IESE Business School - Unriversity of Navarra

2
Chicago, University of - Graduate School of Business

3
Stanford Graduate School of Business

4
Dartmouth College--Tuck School of Business

5
California at Berkeley, University of--Haas School of Business

6
Cambridge, University of - Judge Business School

7
New York University - Leonard N Stern School of Business

8
London Business School

9
IE Business School

10
On one of the parameters in the survey B-school programme which opens new career opportunity, IIM-A has been ranked amongst the top global B-schools like Chicago Graduate School of Business, HKUST Hong Kong, Hass School of Business of California University.

Economist Which MBA 2009: Top B-schools on New Career Opportunities

School
Rank (out of 100)
Chicago, University of - Graduate School of Business

1
Indian Institute of Management - Ahmedabad

2
Hong Kong University of Science and Technology -- School of Business and Management

3
California at Berkeley, University of--Haas School of Business

4
New York University - Leonard N Stern School of Business

5
Talking about the rationale for the ranking, Economist says, The reason we rank schools is straightforward: students demand it. If you are to pay tens of thousands of dollars for your tuition, it is only natural to seek some impartial judgement on the quality of the schools you are considering. Business schools themselves are slowly coming around to the idea of rankings too. It is fair to say that at first they were antipathetic to themafter all, no one really likes to be graded by outsidersbut now many recognise rankings as a legitimate tool for prospective students.

Addressing the question of how Economist ranking are different from many other rankings by publications like BusinessWeek and Financial Times, it said, The ethos behind our ranking is simple. For well over a decade the Economist Intelligence Unit has been surveying students about why they decided to take an MBA. Four factors consistently emerge: to open new career opportunities and/or further current career; personal development and educational experience; to increase salary; the potential to network. These are the basis of our ranking. The Economist Intelligence Unit ranks full-time programmes on their ability to deliver to students the things that they themselves cite as most important.

Who does IIM-A figure in the list of top Asian B-schools? IIM-A is ranked as 10th best in Asia and Australia region. Hong Kong and Australian B-schools dominate the list. Hong Kong University of Science and Technology -- School of Business and Management is ranked as # 1 B-school while Melbourne, University of - Melbourne Business School and Monash UniversityGraduate School of Business are at #2 and #3 slots.

Economist Which MBA 2009: Top B-schools in Asia and Australia

School
Rank (out of 100)

Hong Kong University of Science and Technology -- School of Business and Management
11

Melbourne, University of - Melbourne Business School
26

Monash UniversityGraduate School of Business
47

Macquarie Graduate School of Management
57

Hong Kong, University of School of Business
58

Chinese University of Hong Kong
73

Nanyang Technological University - Nanyang Business Schoo
81

International University of Japan - Graduate School of International Management
82

National University of Singapore--The NUS Business School
89

Indian Institute of Management - Ahmedabad
91

Curtin University Graduate School of Business
94

Commenting on the Asia and Australia region, Economist said, The MBA market in Asia is growing in terms of both size and, among the top schools at least, quality. Heavy investment in programmes is bringing the levels up to western standards something that could not have been claimed a few years ago. However, the increasing interest in Asian business education is a boon and a potential stumbling block. The sheer number of programmes that are setting up, particularly in China but also in India, could see resources stretched in the coming years. In particular, there is a concern about whether there are enough top-quality faculty to service such a large number of schools.