Leading business schools in India have made significant improvement in their position among the top business schools, thus making them attractive among international employers. Four of them made it to the top ten in the Asia-Pacific region. This ranking appeared in the QS Global 200 Business Schools report. According to the report, the Indian business schools have made significant improvement in terms of international employer opinion. They have moved up the ladder in rankings in the region, in most of the specializations.

IIM’s making significant improvements

Out of 36 business schools from the region that had participated in the ranking, 11 business schools were from Australia, making it the dominating player in terms of the number of institutions in the list. India has made significant improvements in rankings, with a total of six schools making it into the rank list, out of which four of them making it to the top 10.

The four institutions that made it to the top 10 include Indian Institute of Management Ahmadabad, Indian Institute of Management Bangalore, Indian Schools of Business and Indian Institute of Management Kolkata. The IIM A managed to secure 2nd place, IIM B 5th place, ISB 7th place and IIM K 8th place.

The two other Indian Business schools that managed to get into the ranking are S P Jain Institute of Management and Research with 16th position and Indian Institute of Foreign Trade with 21st position. The report has observed that the Indian business schools are making steady improvements in their positions.

In the ranking, INSEAD- Singapore was rated the best and secured the first position in the region.

Ranking based on employer opinion

The rankings which appeared in the QS Global Report gives a comprehensive list of business schools across the world based on inputs given by the employers across the world.

The rise in number of Indian Business schools is a good indication of the improvement in standards of such institutes. This highlights the fact that employers have started to realize the quality of graduates from these institutions. This kind of ranking is definitely going to improve the standard further as these institutions will try hard to maintain the position or to improve the current position. Business schools in India can compare themselves with the top performers in the list and benchmark them on areas which need improvement.

Ranking to help students select the best schools

Another advantage with the ranking is that it will help the students to identify the best colleges in the region. It will act as a reference for the students while choosing the colleges of their liking.

The ranking will make the management education field more competitive as the other colleges in India will compete with those in the list to improve their standards. Placement records is the major factor that attracts students, and so other business schools in India will compare themselves with those in the list to improve their standard and thus get into global rankings by various agencies.

Even though it is good news for the Indian Business Schools, there are issues that need attention. In the case of international enrollment, the Indian business schools are far behind when compared to other business schools in the Asia Pacific region. India has never been considered as a favorable destination by the international students. The important reason for that is the lack of proper infrastructure that supports education. We in India do not have provision to work along with studies for students, limited number of options in terms of subjects, less flexibility in the semester system, exams that test their knowledge rather than the application and the lack of technology in classrooms that can be matched with the developed nations.