SPJain and IIMA in world’s best colleges list

The ‘Economist’ 13th edition of top MBA schools from across the globe features the Indian Institute of Management, Ahmedabad and the S P Jain School of Global Management. American business institutions, however, dominate the rankings. Chicago Booth School ranks at the pole position, followed by Virginia Darden (No. 3 last year), Dartmouth’s Tuck School of Business, a place down from last year’s second rank. Harvard has moved up two notches from last year’s sixth position. In the top 10, two non-American schools figure, HEC, Paris, at No. 5 and Insead, Paris, climbing up from 18th position last time to eighth place in this edition. The Indian Institute of Management, Ahmedabad, is at the 60th place and the Singapore campus of the S P Jain School of Global Management is at the 95th spot. Nitish Jain, president of the SP Jain School of Global Management, said, “When the school was first ranked internationally around five years ago, it came as a surprise to many, as the school was not well-known in India or abroad. Now, five years of consistent rankings have placed it among the best business schools in the world. It is humbling and electrifying. We have reimagined business education and this is what produces graduates that are much sought after by the industry. The rankings indicate that the new model really works.” Each year, the newspaper asks students why they decided to pursue an MBA. Their ranking weights data according to what they say, which is important. The four categories covered are: opening new career opportunities (35% weighting), personal development and educational experience (35%), increasing salary (20%) and the potential to network (10%).