Financial Times MBA Ranking 2024: ISB tops Indian B-schools, ranks 31st globally

IIM Lucknow's IPMX programme climbs to 85th spot in the rankings

TNN | Posted February 12, 2024 12:50 PM

Financial Times MBA Ranking 2024: ISB tops Indian B-schools, ranks 31st globally

The Indian School of Business (ISB) has outperformed its peers to become the top-ranked Indian business school and 31st globally in the Financial Times (FT) Global MBA Ranking 2024. This is a substantial rise from a global ranking of 39 last year. At the Asia level, the ranking of the school has gone up to fifth, up from the sixth spot last year.  

Second rank in India has been achieved by the Indian Institute of Management (IIM) Ahmedabad, which is at the 41st rank globally, followed by IIM Bangalore at 47, the IIM Calcutta at 67, and IIM Lucknow at 85, and the Xavier School of Management at the 99th rank.

The University of Pennsylvania (Wharton), Insead, and Columbia Business School have been named as the top three business schools globally. 

Significant climbMeanwhile, Indian Institute of Management (IIM) Lucknow’s International Programme in Management for Executives (IPMX) has secured the 85th position globally in the rankings. The feat signifies a significant climb of five ranks from the previous year's standings and positions the Institute as the fourth highest-ranked amongst all Indian Institutes of Management (IIMs) listed in the rankings.

The International Programme in Management for Executives at IIM Lucknow is designed to provide seasoned professionals with a transformative learning experience that combines academic rigor with practical insights. The curriculum is carefully crafted to address the complex challenges and opportunities present in today's global business landscape, equipping participants with the knowledge, skills, and perspectives needed to excel as leaders in their respective fields.

ISB leads globally in salary percentage increase, with post-graduate candidates witnessing a significant 229% jump in compensation before and after the programme. The ranking highlights ISB's strengths across various criteria such as research, alumni network, and career services.  

Quality of researchIn research, one of the major focus areas of the school, ISB is again ranked first in India, with a global position of 52 this time, up from rank 61 last year. This underlines ISB’s continued focus on the quality of research produced by the faculty. A stated mission of the school is to create and disseminate research-based knowledge that influences scholarship, practice, and polity.   

In terms of salary percentage increase, ISB is ranked top globally on this key parameter. FT data says PGP candidates at ISB see a massive 229% rise in salaries, comparing before and after the course.  ISB is also ranked best in India in alumni network and career services; and ranked 8 and 19 globally on these parameters, respectively. 

“The consistent ranking as the top B-school in India in the FT Global MBA Ranking underscores ISB’s commitment to academic rigour, quality research, and unparalleled alumni support and success,” said Ramabhadran Thirumalai, deputy dean, Academic Programmes, ISB. He added, “From leading the world in Salary Percentage Increase to topping the charts in Alumni Network and Career Services, the ranking reaffirms our position as a global leader in management education.”

The Financial Times RankingsThe Financial Times MBA Rankings are recognised worldwide as a benchmark for evaluating the quality and impact of MBA programmes across the globe.