MBA Recruiters Pass Unique Verdict on India's Business Schools
| August 19,2010 05:14 pm IST
Indian business schools are stepping up to the plate, according to some of the world's biggest recruiters of MBA graduates, an exclusive report says. The QS Global 100 Top Business Schools Report 2007, released this month, provides exclusive feedback from 489 prestigious international MBA recruiters on the world's best business schools.
The recruiters, from dozens of different services and industries, include such names as Accenture, Goldman Sachs, Johnson & Johnson and Bank of America. These are the blue-chip companies setting the standards they expect from the world's business schools, and which provide the yard-stick against which others are measured.
The report shows that India's business schools are achieving greater recognition amongst the international business community. The 'ABC' of Institutes of International Management at Ahmedabad (12th in Asia Pacific), Bangalore (9th) and Calcutta (17th) all featured strongly in the report with IIM Bangalore cementing its place in the Top 10 of Asia Pacific Business Schools for the second year running. A strong placing by the Indian School of Business (20th) also ensured that India had a strong presence in the report.
As the 'War for Talent' rages on, a business school's reputation, amongst the world's recruiters and MBA candidates, is of paramount importance both to business schools and the people who hope to attend them. For the best students, attending a school at the highest echelon of the industry, means those with access to the world's largest MBA recruiters, has never been more important. The success of Indian schools in this kind of survey is great news for the country's many thousands of MBA aspirants as well as international students who wish to study overseas in places like India.
The report is totally unique in that it ranks the most popular schools by region and discipline. As well as the strong regional showing by Indian business schools, they also featured particularly strongly in the International Management and Finance disciplines. Indian schools did not perform quite so well in other fields such as Marketing and Entrepreneurship, however. Although competing with some of the top US and European schools, this may be a concern to the Deans of India's biggest MBA providers.
Biren Patel, Regional Director of QS, says, "Overall, I think this report is an endorsement that Indian business schools are really getting their act together and are doing things right. It shows that global recruiters, not just local ones, are lookingclosely at Indian schools and graduates of those MBA programmes, and are seeing the quality and value of the education those schools provide."
Human Resources decision-makers have the most objective and informed opinions as to which are the 'best' business schools, and this makes them ideal candidates to respond to such a survey. Nunzio Quacquarelli, Managing Director of QS and author of the report, says, "When HR managers choose from which business schools to recruit, they will draw from a wide range of information sources, evaluate their experience of MBA alumni currently working at the firm and canvass their opinions, assess the quality and efficiency of schools' career services and the reputation of the school, globally and locally, look beyond rankings and examine the facilities, the course content and the quality of students."
QS also offers a unique personalised ranking system called QS Search & Scorecard (www.topmba.com/scorecard) which allows MBA aspirants to select business schools according to their own preferred criteria, such as Return on Investment, School Specialization and Budget.