Business Education is made up of business and education. Both are very important as business helps people earn their livelihood and (the right) education paves the way to get into a business.
Business education is only a subset of education as a whole. Considering that business educati6on includes all management-related subjects, a good business school (B-school) is required to cover all the aspects to teach the subjects. About 25 years ago, management courses in India were synonymous with IIMs. But with time, several good business schools have emerged to cater to the growing number of aspirants. These institutes offer innovative courses to satisfy the needs of all sections of students.
Thus, the task of choosing a right B-school is very important for aspiring students. It is very important for students and their parents to check about a management institute on certain parameters. To ease the process of selecting the right institute, digitalLEARNING magazine is going to publish the Top B-school Ranking 2017 for the second time.
In our perception based ranking, over 300 B-schools in the country were ranked on various parameters.The private institutes have been ranked based on analysis of available data. We have provided the list of top national management institutes, top private management institutes in the country and top management institutes in every State. The grading provided to every institute is done as follows:
|AAAA||80-89 percentile||Very Good|
|AAA||60-69 percentile||Above Average|
Students and Admissions: Under the parameter, it has been tried to find out how stringent is the selection process of students to ensure merit and diversity of intake. Tougher entrance process decides the enrollment of better quality of students.
Faculty Profile: In an institute, it is very important to develop an environment for the growth of faculty members. Under the parameter, we have tried to figure out that what measures have been taken by the institute for the training of faculties. It is also very important that how faculties are encouraged to pursue research and participate in seminars and conferences in India and abroad.
Infrastructure: The parameter refers to campus area, built-up area, how well kept the institute’s building is, laboratories, play grounds, IT enabled class rooms, books and journals in the library, electronic databases, hostels, pastoral care etc.
Curriculum: How updated is the curriculum with the best and latest global teaching-learning processes. It is also very important for the teaching-learning process followed by an institute to inculcate the skills which are satisfying the industry demands. Innovation in curriculum and in pedagogy is also an important sub-factor to keep the students ahead in future.
Industry Interaction: The factor rates the industry exposure given to the students by an institute through live projects, partnership with industries, industry visit of the students,internships and guest lectures from industry experts like chairman, board of directors,managing directors, etc.
Alumni Network: Today, alumni relations are an important part of an institution’s advancement activities for many reasons. Alumni generate invaluable word-of-mouth marketing among their social and professional networks. Alumni are great role models for current students and are often well placed to offer practical support to students as they start their careers.
Entrepreneurship: Nurturing an entrepreneurial environment is important for B-schools.It helps students to not only go for a job but to become a job creator. B-schools should emphasise the social benefits of entrepreneurship, from job creation through to innovation and broader economic growth.
Foreign Collaboration: Steps taken by the institute to promote global outlook among faculty and students through exchange programmes for faculty and students and MoUs with globally renowned Business Schools.
Placements: Placements is of the most important parameters to rank a B-school as the good placements shows that how well the students are trained and are in line with the latest industry trends. The parameter involves: The percentage of students of the graduating batch placed, average salary offer to them and type of companies visited the campus for recruiting the students.