On the reasoning that 70 percent of the country’s 3,452 B-schools are privately promoted, the IIMs, which routinely top all B-school surveys and the small minority of other government B-schools have been eliminated from this year’s private B-schools league tables: Summiya Yasmeen The Xavier School of Management, Jamshedpur (formerly XLRI) followed by Mumbai’s S.P. Jain Institute of Management & Research and Narsee Monjee Institute of Management Studies (NMIMS) are India’s top three private business management institutes, according to the latest EW India Private B-schools Rankings 2016. A specially constituted sample database of 1,197 respondents comprising 542 faculty members, 522 final year management students and 133 industry representatives evaluated 500 privately-promoted B-schools on nine parameters of academic excellence — faculty competence, faculty welfare and development, research orientation, pedagogic systems and processes, industry interaction, placements, infrastructure and facilities, value for money and quality of alumni. This pan-India survey was conducted early this year by 40 field researchers of the well-reputed Delhi-based market research and opinion polls company Centre for Forecasting and Research Pvt. Ltd (C fore, estb.2000). For this year’s survey of B-schools, all government-promoted business management institutes including the Indian Institutes of Management (IIMs) are excluded on the reasoning that they routinely top all B-school surveys, and the fact that the 19 IIMs together admit only 3,635 of the 210,000 students who write its annual Common Admission Test (CAT). EducationWorld’s last survey of B-schools conducted in 2013 had also excluded the IIMs for the same reason. Taking this reasoning a step further, since over 70 percent of the country’s 3,452 B-schools are privately promoted and managed, your editors decided to also eliminate the small minority of other non-IIM B-schools promoted by Central and state governments from the ambit of the survey. But bearing in mind that a great majority of private B-schools are nothing to write home about in terms of competent faculty, contemporary curriculums, pedagogies and processes, we took the decision to rate and rank only the 50 best among them. “We shortlisted 500 private B-schools offering the two-year MBA programme for this year’s survey. This means that highly-fancied B-schools such as the Indian School of Business which offer one-year programmes have been excluded. Respondents were asked to assess the shortlisted B-schools on a ten point scale against the nine parameters of academic excellence. The scores awarded by respondents under each parameter were multiplied by ten and totaled. Ratings awarded by faculty/students to their own institutes were invalidated and B-schools not known to at least 25 respondents were eliminated from the rankings,” says Premchand Palety, promoter chief executive of C fore explaining the painstaking effort invested in ranking India’s pre-eminent private B-schools. With the premier Indian School of Business, Hyderabad — ranked #1 in EW’s 2013 league table of best non-IIM B-schools and ranked among the world’s Top 20 B-schools by the Financial Times, London — eliminated from the survey, the Xavier School of Management (XSM), Jamshedpur, ranked #2 in 2013, has claimed first rank in the EW Top 50 Private…
