Adding yet another feather to its cap, the Indian Institute of Management, Ahmedabad (IIMA), became the only one from the country to be ranked among top 50 business schools in the first-ever QS (Quacquarelli Symonds) Global MBA Ranking 2018. It has secured the 49thposition for its PGP course. The report was released on Tuesday. IIM Bangalore is placed at 58thposition while Indian School of Business has been ranked 93rd.

Harvard Business School (Boston) tops the list, followed by INSEAD in Singapore, HEC in Paris, Stanford Graduate School of Business and London Business School at the fifth rank. The B-schools were ranked on the basis of three criteria- —employability, entrepreneurship and alumni outcome, and return on investment. The combined score decided the ranking.

Harvard Business School scored 90.7 points while INSEAD scored 90.5 and HEC Paris 89.9. IIMA’s score was 70.5 points and IIM-B’s 50.6 while ISB got 41.3 points. Interestingly, IIMA has been ranked 7th among the top 10 business schools in Asia, Australia and New Zealand. IIMB is placed at 9th and ISB at 12th position. Talking about IIMA’s performance, in-charge director Prof Errol D’Souza said, “The institute focuses on research, consulting for organisations and government, and teaching.

This creates knowledge that is relevant and is brought into the classroom so that students are exposed to contemporary trends and develop skills that are required for them to be contributing members of society.” He added that the effectiveness of this approach by the institute was evident from the big list of IIMA alumni who have made significant contributions in the fields of professional management, government service, entrepreneurship, and the social sector.

He said, “We are grateful for this recognition and will use the opportunity to contemplate on how we can better our approach to education so as to enhance our reputation among academics and employers.”