In a world where business acumen is currency, Indian B-Schools have swiftly risen to prominence on the global stage, captivating the attention of aspiring management professionals worldwide. The recently unveiled FT Masters in Management Ranking for 2023 has cast a revealing spotlight on these institutions, illuminating their meteoric ascent and undeniable influence. The Financial Times (FT) Global Masters in Management (MIM) Rankings for 2023, released on September 10, 2023, have ushered in a new era of recognition and achievement for Indian business schools. These rankings serve as a crucial indicator of excellence in management education across the globe.
In this blog, we embark on a journey to dissect the astounding achievements of Indian B-Schools in the latest FT rankings, uncovering the secret ingredients behind their stellar performance. Join us as we navigate through the narrative of Indian B-Schools’ global prominence, a narrative woven with innovation, diversity, and an unwavering commitment to excellence.
The Rise of Indian B-Schools
The FT MIM Rankings 2023 have unveiled a compelling narrative of growth and recognition for Indian business schools. The number of Indian B-schools securing positions in the prestigious top 100 has surged to an impressive eleven, up from just seven in the previous year. This substantial rise underscores the growing competitiveness and global appeal of management education in India.
SPJIMR Mumbai Leads the Pack
Among these Indian institutions, the spotlight shines brightest on the SP Jain Institute of Management & Research (SPJIMR) in Mumbai. SPJIMR has ascended to a coveted global ranking of 40, solidifying its position as the leading Indian B-school offering the MIM program. This achievement not only burnishes SPJIMR’s international reputation but also underscores the excellence of Indian management education.
Notable Indian Institutions
The success story extends beyond SPJIMR, with other prestigious Indian B-schools making their mark on the global stage. Eminent institutions such as the Indian Institutes of Management (IIM) in Ahmedabad, Calcutta, and Lucknow have secured commendable positions, further bolstering India’s footprint in the realm of management education.
Indian Dominance in Weighted Salary
A crowning achievement for Indian B-schools in the FT MIM Rankings 2023 is their dominance in the “weighted salary parameter.” The top four positions globally in this category are held by Indian institutions: IIM Ahmedabad, IIM Calcutta, SPJIMR Mumbai, and IIM Lucknow. These institutions outperform their European counterparts, highlighting the robust career prospects Indian B-schools offer to graduates.
European Dominance and HEC Paris
While Indian B-schools have made significant strides, it is crucial to recognize the broader European dominance in the FT MIM Rankings 2023. HEC Paris has claimed the top spot, ending the University of St Gallen, Switzerland’s 12-year reign. French institutions, including ESCP Business School and Essec Business School, prominently feature in the top rankings.
Global Top 5 in FT MIM Rankings 2023
Here are the top five global B-schools in the FT MIM Rankings 2023:
|B-school||Location||Rank in 2023||Rank in 2022||Rank in 2021|
|University of St Gallen||Switzerland||2||1||1|
|London Business School||UK||3||7||4|
|ESCP Business School||France||4||5||7|
|Essec Business School||France||5||6||6|
Indian B-Schools in the Top 100
The impressive performance of Indian B-schools in the FT MIM Rankings 2023 is further exemplified by the following rankings:
|B-school||Global Rank 2023||India Rank 2023||Global Rank 2022|
|SP Jain Institute of Management & Research (SPJIMR)||40||1||44|
|Indian Institute of Management Ahmedabad||43||2||–|
|Indian Institute of Management Calcutta||60||3||–|
|Indian Institute of Management Lucknow||72||4||64|
|Indian Institute of Management Kozhikode||77||5||–|
|NMIMS Mumbai, School of Business Management||83||6||96|
|International Management Institute New Delhi||84||7||97|
|XLRI — Xavier School of Management||85||8||–|
|Indian Institute of Management Udaipur||88||9||81|
|Institute of Management Technology, Ghaziabad||92||10||–|
|Management Development Institute Gurgaon||93||11||–|
Indian B-Schools Leading in Weighted Salary
In the pivotal “weighted salary” category, Indian B-schools have secured the top positions, outperforming European counterparts:
|B-school||Weighted Salary (US$)||Rank in 2023||Rank in 2022|
|Indian Institute of Management Ahmedabad||1,37,919||43||–|
|Indian Institute of Management Calcutta||1,37,185||60||–|
|SP Jain Institute of Management & Research||1,31,024||40||44|
|Indian Institute of Management Lucknow||1,30,782||72||64|
Our expedition through the labyrinth of the FT Masters in Management Ranking 2023 reveals an indisputable truth: Indian B-Schools have not only embraced the challenges of the global stage but have emerged as flag-bearers of quality education. The FT MIM Rankings 2023 celebrate the exceptional achievements of Indian B-schools, marking their ascent in the global arena. As these institutions continue to excel and gain international recognition, their strategic focus should be on achieving even higher rankings within the top 100 MIM programs worldwide.
This not only enhances their global standing but also fosters valuable international partnerships and increased enrollments. Indian B-schools are on an upward trajectory, and the world is taking notice. The ranking success of Indian B-Schools in the FT Masters in Management Ranking 2023 is a testimony not only to their relentless pursuit of excellence but also to their indelible mark on the international business education landscape.