Ajay Shah´s blog http://ajayshahblog.blogspot.com/2008/01/major-achievement-in-higher-education.html#links (one of my favourite Indian blogs ..ranks also quite high for all conomics related blogs world wide) mentioned about ISB being ranked 20th in the list of best management institutions by Financial Times for the year 2008( http://rankings.ft.com/global-mba-rankings ). Well, Mr.Shah you are correct in assuming that this one of the highest ranking an Indian institution has had. in my previous blogs I had covered a number of them of such ranking in various fields. Congrats ISB for making into the ranks!!!
What is surprising is that ISB never figured in any earlier lists. In fact the only management institution that appeared in any list is IIM Ahmedabad that was ranked 92 in the list in the best MBA schools as rated by Economist Intelligence Unit which is a sister company of the magazine Economist (http://mba.eiu.com/index.asp?layout=2002rankings&rank_category_id=20000002®ion_id=&x=22&y=10). Earlier I always suspected that there is a problem in the ranking methodology. EIU has published its ranking methodology also http://mba.eiu.com/site_info.asp?info_name=wmba_rank_method. Yet, maybe Indian institutes are not responding properly or something of that sort. I grew up with idea that IIMs and IITs are the greatest and makes it difficult to accept otherwise. But their consistent non-appearance in any world wide list made me wonder that the Western style of Education evaluation does not suit these institutions. In management institution lists I could not find any other chinese university or institution. But that excuse was blown away in this list because IIM A comes after Shanghai based CEIBS at 90 and Chinese University of Hong Kong at 91. It is not that I am putting down the Chinese Management Institutes. But I always presumed that China was more Eastern and less Western than India in management. I still believe it being so no matter what the different list say. I firmly believe that standard management courses have to be supplemented with some cultural differentiation for managers to excel in China while such special classes are not really required for India.
In any case , I am glad that we have a name that can be quoted as a premier world class institution and hope they can also make it into the next EIU Management Institution rankings.
