Financial Times MBA Ranking 2024: Top Business Schools in India
The Financial Times released its much-awaited MBA Rankings 2024, listing out the top 100 global business schools. Financial Times uses some of the most extensive criteria to build its list. Coupled with its stringent qualification parameters, schools that appear on this list are amongst the best in the world. For a more detailed breakdown of the ranking parameters, scroll to the end of the blog. To see which Indian BSchools make the cut in this list, read on.
Financial Times MBA Rankings India 2024
Here’s an overview:
| India Rank | Name of The Business School | Global Rank |
| 1 | Indian School of Business | 31 |
| 2 | Indian Institute of Management Ahmedabad | 41 |
| 3 | Indian Institute of Management Bangalore | 47 |
| 4 | Indian Institute of Management Calcutta | 67 |
| 5 | Indian Institute of Management Lucknow | 85 |
| 6 | XLRI — Xavier School of Management | 99 |
The table above provides rankings of business schools in India along with their respective global rankings. The Indian School of Business is leading the list as the top business school in India, holding position # 31 globally. Among other institutes like the Indian Institute of Management, Ahmedabad and Bangalore are ranked 41 and 47 globally, respectively. This list highlights the significance of these institutes not only in India but also on the international stage.
Read More: Top MBA Colleges in India – Complete List of the Best MBA Colleges in India
Financial Times MBA Rankings India: Weighted Salary
The following table is a compilation of the top business schools and their offered weighted salaries. Weighted salaries are calculated on the basis of reported alumni salaries 3 years after the completion of their MBA. The reported salaries are multiplied by the IMF Purchasing Power Parity or PPP rates in Dollar amounts. Sectoral variations are also accounted for to reflect a more accurate representation. Many Indian BSchools have done well in this category, with IIM Ahmedabad leading the pack.
| India Rank | Name of The Business School | Weighted Salary (US$) |
| 1 | Indian Institute of Management Ahmedabad | 194,595 |
| 2 | Indian School of Business | 174,421 |
| 3 | Indian Institute of Management Bangalore | 167,425 |
| 4 | Indian Institute of Management Calcutta | 161,676 |
| 5 | Indian Institute of Management Lucknow | 141,382 |
| 6 | XLRI — Xavier School of Management | 132,534 |
Read More: Top PGDM Colleges in India
Financial Times MBA Rankings India: Value For Money Rank
The Value for Money criteria sheds light on the potential RoI of the MBA degree. Financial Times calculates this by dividing its average alumni salary three years after completion by the MBA’s total cost, including tuition, lost salary, opportunity cost and other expenses. IIM Ahmedabad again leads the pack.
| Name of The Business School | Value For Money Rank |
| Indian Institute of Management Ahmedabad | 29 |
| Indian Institute of Management Calcutta | 36 |
| XLRI — Xavier School of Management | 37 |
| Indian Institute of Management Bangalore | 39 |
| Indian Institute of Management Lucknow | 45 |
| Indian School of Business | 55 |
FT MBA rankings 2024 parameters
The FT MBA rankings are derived from 21 criteria, out of which 8 are alumni-informed. These 8 categories make up 56% of the overall score. 12 other categories are filled with data sourced from the institutes directly, accounting for 34% of the weightage. The remaining 10% is attributed to a derivative measure of research output. Here is a detailed breakdown of all 21 criteria:
- Weighted salary – 16%
- Salary increase – 16%
- Value for money rank – 5%
- Career progress rank – 3%
- Aims achieved – 4%
- Alumni network rank – 4%
- Careers service rank – 3%
- Employed at three months – 2%
- Sector diversity rank – 3%
- Female faculty – 3%
- Female students – 3%
- Women on board – 1%
- International faculty – 3%
- International students – 3%
- International board – 1%
- International mobility rank – 5%
- International course experience rank – 3%
- Faculty with doctorates – 5%
- FT research rank – 10%
- Carbon footprint rank – 4%
- ESG and net zero teaching rank – 3%
Why is it beneficial to stay updated with Financial Times MBA Ranking India?
To secure a seat in the top MBA school, it is really helpful to check the Financial Times MBA Ranking list for various reasons, some of which are mentioned below:
- Program Quality
Rankings help give objectivity to the effectiveness of different schools’ MBA programs in areas such as faculty expertise, career support, and value for money. This supports the decision-making process and helps students find a program that fits their career goals.
- Salary and Career Benefits
The FT MBA ranking shows how salaries increase from different programs according to the school’s ranking and how students’ careers will improve after completing the MBA degree, helping students assess which program offers them the best return on their investment.
- Global Recognition
The business schools included in the list are recognised not only in an Indian ranking system but also among the top schools worldwide. Aspirants can easily compare the given options and choose the one that can boost their career and provide various opportunities in India and globally.
Financial Times updates its ranking every year, helping schools and students monitor progress and examine the difference their target school is making. It is a valuable resource that aims to give you a complete view of how impactful the educational programs are. However, a few factors, like salary increases, carry more weight than others. The rankings should be consumed while keeping the scoring and ranking parameters in mind.