IIM Bangalore ranked # 1 B-School in India; among 27 best B-Schools in the world

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Indian Institute of Management Bangalore (IIMB) has been recognized as the # 1 Business School in India, and among the list of 27 global Business Schools identified by Eduniversal, a unit of the French consulting firm SMBG.

The Award, presented at the Eduniversal World Convention at La Sorbonne, Paris, on November 4, 2008, recognizes the 3 best institutions within each of the 9 Eduniversal geographical zones: Africa, Middle East, Eastern Europe, Western Europe, Latin America, Northern America, Central Asia, Far Eastern Asia and Oceania.

Notably, the Deans of the 1000 Best Business Schools from 153 countries have elected IIMB among the Best Business Schools in the Central Asia zone, with a recommendation rate of 398 per thousand, followed by IIM-A (379) and IIM-C (321), classified under “internationally known”.

“We are delighted to receive this recognition as India’s top business school. Eduniversal has developed a unique evaluation methodology; the acknowledgement from an independent international firm is significant for us,” says Professor Pankaj Chandra, Director, IIMB. “We have made several new initiatives, while continuing to strengthen our existing programmes, so that IIMB remains the preferred business school for students with global aspirations.”

The process of the Official Selection involved a global mapping system meeting the criteria of universality and the international reputation of each academic institution. The aim of the Official Selection was not necessarily to include the 1,000 best schools, but the most important 1,000 schools based on a method of quotas, offering business schools the opportunity to measure their performance, evolution and durability both in their zone of influence and internationally.

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First of all, the selection was made by the Eduniversal International Scientific Committee constituted by:

• 9 experts, each recognized both in their academic zone of influence and internationally
  
  
• 1 representative of the Academic Council of the United Nations System (ACUNS)
  
  
• 2 executive members of the consulting firm SMBG

All countries in the world were concerned by this selection: the number of schools per country was weighted by quantitative and qualitative criteria. The first step led to a selection of 1000 Institutions taken out from more than 10 000 Business Schools in the World.

The second step was the classification by Palms, ranked from 1 to 5, awarded on two essential criteria:

• Evaluation of the International Dimension of the schools: their level of state recognition, their international accreditations (AACSB, EQUIS, AMBA…), their presence in most renowned rankings (Financial Times, Shanghai Jiao Tong, Wall Street Journal…), their memberships in international academic associations (EFMD, EMBA, CLADEA, AAPBS…)…
  
  
• The Deans’ vote: each Dean from the universities and schools on the list of 1000 had to vote to recommend the other academic institutions.

Eduniversal’s ambition is to promote students’ mobility all over the world and give better visibility to the best Business Schools from more than 153 countries, and also to encourage all educational actors to share their experience and collaborate in a better way.

[Engg.]

IIM Bangalore

The Indian Institute of Management Bangalore (IIMB) is a centre of excellence in management, recognized as one of the top 100 management schools in the world, with international standards of post-graduate and doctoral level teaching, executive education for senior and middle management, research and consulting. Set up in 1973, the sprawling 100-acre campus is a green oasis situated in south Bangalore, with excellent infrastructure, including the latest ICT and extensive library.