Finally an Indian B-School finds itself among the Top 20 B-schools of the world. [That too in a ranking released by the reputed financial newspaper "The Financial Times"]. Surprising News - it was ISB and not IIM - Ahmedabad that finds itself in the elite list. Indian School of Business surely deserves accolades for putting Indian education sector on the global map. In doing so, ISB has provided right wing politicians an example to point out how seemingly impossible task by the government becomes possible with a few committed individuals.One thing that caught my attention, when i read the news in The Hindu, is the length to which the Deputy Dean of ISB, Mr. Ajit Rangnekar went to point out that there could be no comparisons between Indian School of Business and IIMs since they were in different market segment. But still all the management institutes (IIMs & ISB) approach the same group of corporates for recruitment... And this ranking will surely sky rocket its brand among the key decision makers in the corporate world.
P.S: On reading the rankings in FT, I was just a little bit curious. on.. How the weighted salary of ISB is the highest in the world, even higher than Harvard Business School? If anyone knows the answer, please inform me.
5 comments:
For ur q reg the weighted avg sal...
the calculate the fig by looking at alumni salaries over the past 2 years as well, where the data is available. Given that ISB's avg intl sal is $139000 approx, the weighted number makes sense...
that is, assuming $ 139000 is correct. im sure it isnt...
@ Srivats,
that is what.. how it could be true da machan???... no way..
in order to compare the salaries of schools in different countries, you first need to bring it to the same level so that you can make an apples to apples comparison. hence FT uses PPP to make this comparison. you take the average salary of alumni (only the batch that passed out 3 years back, i.e the class of 2004).
hmmm .. I wonder if PPP would make an apples to apples comparison or further distort the comparison ... an Indian might prefer Rs. X/3 to X$, but can the same be said about non - Indians .... If we are talking about international schools then PPP calibration shouldnt come into the picture ... My company pays a discomfort allowance for the same job in India, how is that accounted for? ... This way ISB ranks 20th worldwide, but only for Indians, for non - Indians it would be lower ...
@ anonymous,
Yeah!.. I too agree that there should be better mechanisms to compare different B-Schools..
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