Posted by fmba
on Aug 30, 2011 in B-Schools India
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IIM Bangalore was named the number one school in the country, making it to the top slot for the first time since 2002
It comes as no surprise that the majority of India's top management schools are the government-run Indian Institutes of Management (IIMs). But which of the elite IIMs is the best? For most of the last decade, it has been IIM Ahmedabad, one of the oldest and best-known management schools in the country, but this year there has been a shakeup, according to the Business Today-Nielsen ranking of India's Best B-schools
In the latest ranking, IIM Bangalore was named the number one school in the country, making it to the top slot for the first time since 2002. In second place is IIM Calcutta, followed by IIM Ahmedabad. It is the first time in eight years that IIM-Ahmedabad has not held the top slot, the editors said.
The IIMs make up seven of the top ten business schools in the rankings, including IIM Indore, IIM Lucknow, and IIM Shillong. "In the context of business education in India, an MBA degree from an IIM has always been the key to riches, glory and recognition," according to the Business Times' article revealing the rankings.
The privately funded Indian School of Business (ISB) Hyderabad holds the eighth spot in the ranking, dropping one spot from last year. FMS Delhi and XLRI Jamshedpur both share the tenth spot.
IIM Bangalore has made its way to the number one position because of "its unmasked ambition for growth and an increased thrust on research," according to the ranking editors' note.