IIM C’s PGP ranked 13th in Financial Times MiM Ranking 2014


Indian Institute of Management, Calcutta’s (IIM C) two-year PGP course has climbed up to the 13th position from that of 19 last year in the Financial Times Master in Management (MiM) ranking 2014. This is the highest ever ranking achieved by IIM C’s PGP programme in the annual global ranking of management courses targeted at fresh graduates.

The FT’s MiM ranking, now in its 10th year, features the top 70 management degrees for students with little or no previous work experience. St Gallen of Switzerland remains in the top slot for the fourth year running, with two Parisian business schools, HEC and Essec, ranked second and third respectively.

According to a press statement issued by the institute, IIM C has been ranked 13 in the 2014 FT MiM ranking, post an impressive debut at 19 in the list of 70 B-schools in 2013. This year, it has improved its position by six places from 2013, for its Post Graduate Program. IIM C is the highest ranked non-European B-school with a prized positioning in the top cluster. With only six non-European schools in the list of top 70, the other Indian school in the ranking is IIM Ahmedabad at 16th place.

A bulk of Indian media is reporting that IIM C has been ranked as the 13th best B-school in the world. That’s not quite right. FT’s MiM ranking recognizes IIM C’s PGP programme as the 13the best MIM programme globally – however this is no way a recognition of IIM C as the 13th best B-School in the world. 

FT does an entirely different ranking of B-Schools called the FT B-School ranking that takes into account the rank of a B-school’s MiM course (in the MiM Ranking), the rank of its MBA course (in the FT Global MBA Ranking) as well as the rank of a B-School’s online and executive courses

A valuable factor in the ranking methodology is Careers Rank under the alumni career progress section of parameters for which the batch of 2011 had been considered. IIM C ranks number one the careers rank signifying that the alumni has registered the best career growth (calculated in terms of seniority and company size and employee strength) over the last three years in comparison to all other participating B-Schools.

Professor Ashok Banerjee, dean, new initiatives and external relations said: “This is a big day for India, its higher education apart from all associated with IIM Calcutta. FT Rankings is considered the gold standard in B-school ranking and we are indeed happy and proud to make such progress in a single year. This is a significant milestone in our globalisation journey along with our recent achievements including the AMBA, AACSB accreditations and the CEMS membership. The rankings will help us network more closely with the top European B-schools.”

FT has devised a concept of clustering. The top 14 schools form the top cluster, with IIM-C belonging in it on rank 13. While 195 points separate the top ranked school from rank number 70, the differences are small within the group. The second cluster includes schools from rank 15-33; IIM-A belongs to this cluster.

Meanwhile, a bulk of Indian media is reporting that IIM C has been ranked as the 13th best B-school in the world. That’s not quite on the mark. FT’s MiM ranking recognizes IIM C’s PGP programme as the 13the best MIM programme globally – however this is no way a recognition of IIM C as the 13th best B-School in the world.

FT does an entirely different ranking of MBA programmes called the FT Global MBA Ranking as well as an annual FT B-School ranking. Top B-Schools are ranked after considering the composite ranks of all programmes run by the B-school such as its MBA programme, MIM programmes and executive (part-time) courses.

IIM C’s one-year MBA (PGPEX) is yet to make its mark on the FT Global MBA ranking – however IIM A’s, ISB’s and IIM B’s one-year MBA programme is ranked on this list.

IIM C, as a B-School too, is yet to be ranked on the FT B-School ranking – in fact no B-school from India finds a place in the FT 2014 B-school Ranking.

The Top MiM courses in the FT 2014 MiM Ranking

Rank in 2014Rank in 2013School nameCountryProgramme nameWeighted salary (US$)Value for money rank
11University of St GallenSwitzerlandMaster of Arts in Strategy and International Management795721
24HEC ParisFranceHEC Master of Science in Management7882528
38Essec Business SchoolFranceMaster of Science in Management7745140
43WHU BeisheimGermanyMaster of Science in Management939485
57CemsSee table noteMasters in International Management634682
610Esade Business SchoolSpainMSc in International Management6564729
72ESCP EuropeFrance, UK, Germany, Spain, ItalyESCP Europe Master in Management6540448
85Rotterdam School of Management, Erasmus UniversityNetherlandsMSc in International Management6769611
95IE Business SchoolSpainMaster in Management7426346
10London Business SchoolUKMasters in Management7041427
119HHL Leipzig Graduate School of ManagementGermanyMaster of Science in Management8523826
1217Università BocconiItalyMaster of Science in International Management6398638
1319Indian Institute of Management, CalcuttaIndiaPost Graduate Programme8308541
14EBS Business SchoolGermanyMaster in Management8173425
1513Grenoble Graduate School of BusinessFranceMaster in International Business5604849
1614Edhec Business SchoolFranceEdhec Master in Management5665154
1618Indian Institute of Management, AhmedabadIndiaPost Graduate Programme in Management9472155
1816Mannheim Business SchoolGermanyMannheim Master in Management780887
1912Imperial College Business SchoolUKMSc Management5403163
2011EMLyon Business SchoolFranceMSc in Management5477161
2124Iéseg School of ManagementFranceMaster of Science in Management4863967
2222WU (Vienna University of Economics and Business)AustriaMaster in International Management5683917
2336ESC RennesFranceMaster in Management4916260
2414City University: CassUKMSc Management5373445
2534Télécom Business SchoolFranceMaster in Management5063323
2627HEC LausanneSwitzerlandMaster of Science in Management5471810
27Audencia NantesFranceMSc in Management Engineering5517433
2829Skema Business SchoolFrance, US, ChinaGlobal Master of science in management4897157
2920Eada Business School BarcelonaSpainMaster in International Management5429044
3026Toulouse Business SchoolFranceMasters in Management4938159
31Warwick Business SchoolUKWarwick MSc in Management5896366
3236ESC MontpellierFranceMaster in Management4429564
3323Stockholm School of EconomicsSwedenMSc International Business584103
3442Antwerp Management SchoolBelgiumMaster of Global Management4507619
3525Kozminski UniversityPolandMaster in Management5662112
3629Vlerick Business SchoolBelgiumMasters in General Management577689
3741Maastricht University School of Business and EconomicsNetherlandsMSc in International Business5687114
3740Copenhagen Business SchoolDenmarkMaster of Science in General Management564706
3931Solvay Brussels School of Economics and ManagementBelgiumMaster in Business Engineering5276615
4039Neoma Business SchoolFranceMaster in Management4916252
4028Louvain School of ManagementBelgiumMaster in Business Engineering4932921
4238Kedge Business SchoolFranceMaster in Management4670858
4333University of Strathclyde Business SchoolUKStrathclyde MBM4179070
4447Shanghai Jiao Tong University: AntaiChinaMaster in management627974
4556University College Dublin: SmurfitIrelandMSc Business5604213
4643Aalto UniversityFinlandMSc in Economics and Business Administration5152916
4749University of Sydney Business SchoolAustraliaMaster of Management5345242
4854Nova School of Business and EconomicsPortugalInternational Masters in Management4256239
49University of British Columbia: SauderCanadaMaster of Management4821230
4952Católica Lisbon School of Business and EconomicsPortugalMaster of Science in Management3906243
5160ICN Business SchoolFranceMaster in Management4404162
5253Tias Business SchoolNetherlandsInternational MSc in Business Administration4791851
5359University of Cologne, Faculty of ManagementGermanyMSc Business Administration6546332
5454IAE Aix-en-Provence, Aix-Marseille University GSMFranceMSc in Management4756222
5546Manchester Business SchoolUKMSc International Businesss and Management4506753
5665St Petersburg State University Graduate School of ManagementRussiaMaster of International Business4002535
5750Durham University Business SchoolUKMSc Management4681736
5851University of Bath School of ManagementUKMSc in Management3690068
5945Bradford University School of ManagementUKMSc Management4078550
6061NHHNorwayMSc in Economics and Business Administration523928
6158Leeds University Business SchoolUKMSc International Business3718569
6267Lancaster University Management SchoolUKMSc Management4050756
6362Politecnico di Milano School of ManagementItalyMaster of Science in Management Engineering4194637
64ESC La RochelleFranceMaster in Management3977065
65Tongji University School of Economics and ManagementChinaMaster in Management3554734
6664Nyenrode Business UniversiteitNetherlandsMaster of Science in Management5486147
6770BI Norwegian Business SchoolNorwayMaster of Science in Business5099831
6869Warsaw School of EconomicsPolandMSc in Management3826020
6966University of Economics, PragueCzech RepublicBusiness Economics and Management3617724
7068Corvinus University of BudapestHungaryMSc in Management and Leadership3964018

For more details visit FT.com

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