Three Indian Institutes of Management (IIMs) have secured a place each in the top 50 ranking of the recently released QS Rankings for management institutions. IIM Bangalore, Ahmedabad and Calcutta have ranked bagged 22, 23 and 46 spot respectively for their Masters in management programme category.

QS, for the first time has released rankings for management institutions, ranking them under various heads — Global MBA, Masters in Finance, Masters in Management and Masters in Business Analytics. In the Global MBA rankings, IIM Ahmedabad, IIM Bangalore and Indian School of Business are among the 100 best institutes in the world.

Harvard Business School is named the world's best provider for MBA while two French institutions, INSEAD and HEC Paris, were ranked and third position respectively.

A separate comparison for Asian institutes has also been compiled where IIM Ahmedabad tops the chart, ranking at number 7, IIM Bangalore and Indian School of Business are at number 9 and 12 respectively.

"It is a great news for Indians that three of their IIMs have been ranked among the best 50 in the world for their Masters in Management Programme. We have used some unique indicators for this particular exercise. Our focus has been on finding out what is making students more employable. We received more than 40,000 responses asking for which employers recruit for masters and which recruit for MBAs and on the basis of their response we have been able to come up with different rankings," Simona Bizzozero Director of Communications for QS told DNA over phone from London.

"We also tracked alumni of some of the best institutions to access the kind of position they are in. We tracked more than 49,000 alumni as a part of our exercise. The other factor that we looked at while deciding on the rankings was how long does it take for a student to pay back his investment. When it comes to MBAs, it takes almost 51 months to have real return on investment considering the time spent on work," she added.

After releasing University rankings under a single umbrella, QS is now focusing on special disciplines, to start with they have released rankings for management institutions. "When students look at a university's rankings, they want to know about programme, which is why we are now focusing on discipline specific rankings. In future we will take it to STEM subjects also, but to start with we have released management rankings," she added.