The Financial Times revealed the Top MBA colleges of 2023, and there have been quite a few changes since last year. The MBA college ranking by the financial times magazine is based on various factors such as salary increase, career progress, value for money, alumni network etc.
There has been a change at the top since last year with Columbia Business School taking over the first position from Wharton, followed by INSEAD and IESE in second and third respectively.
It has been a big year for Indian Business education, with 2 new B-schools debuting in the FT rankings for the first time, taking the total number of Indian colleges in the list from 4 last year to 6 this time around.
Top 10 MBA colleges in 2023 –
|Rank||Name of the Institute||Salary (in USD)|
|1||Columbia Business School||226,359|
|3||IESE Business School||181,270|
|4||Harvard Business School||235,019|
|5||Stanford Graduate School of Business||248,669|
|6||SDA Bocconi School of Management||192,815|
|7||University of California at Berkeley: Haas||213,321|
|9||Northwestern University, Kellogg School of Management||209,337|
|10||Yale School of Management||196,659|
ISB vs IIM:
IIM Indore and IIM Lucknow are the new entrants ranking #89 and #91 respectively. ISB retained the top spot among Indian b-schools at #39 with IIM Ahmedabad at #51, IIM Bombay at #52 and IIM Calcutta at #76, making ISB, the only Indian school to crack the top 50 along with being the only private institute from the country to feature in the FT rankings.
India MBA College rankings –
|Indian School of Business||39|
|Indian Institute of Management, Ahmedabad||51|
|Indian Institute of Management, Bombay||52|
|Indian Institute of Management, Calcutta||76|
|Indian Institute of Management, Indore||89|
|Indian Institute of Management, Lucknow||91|
Let’s take a closer look at the Indian Colleges on the list –
The Indian School of Business
The Indian School of Business has been the best-performing Indian B-school for the last couple of years and it is understandable why that is the case.
The Indian School of Business (ISB) has traversed an inspiring journey to become one of the leading B-schools in India. Established in 2001, by a group of visionary entrepreneurs and academics, ISB emerged as a unique institution, breaking the conventional mold of business education in the country. by a group of visionary entrepreneurs and academics.
The college has played a huge role in the introduction of the 1 year MBA program, the diverse pool of experienced candidates it brings in every year, academic partnerships with leading colleges like Kellogg and Wharton, and rising placements and packages, which have always helped place it at the top in a relatively short time of 20 years.
Be on the lookout for the new deadlines for this year’s intake of ISB as they are due to begin shortly, if you are planning to pursue MBA.
This doesn’t take anything away from the IIMs of the country which have consistently raised the bar in terms of business education in the country and have played a huge role in attracting foreign investment and attention to the country. They have also been one of the first colleges to encourage the concept of case-based learning which has proved hugely beneficial in giving real-life insights to the students.
Future of Business Education in India
The standard of business education in India has significantly improved over the past five years. Perceiving the developing significance of encouraging business pioneers, instructive organizations in the nation have taken significant steps in improving their projects and foundation.
Business colleges have zeroed in on improving faculty qualifications, curriculum design, and teaching methods to provide a more practical and industry-relevant education. Quality of India’s business education has also improved as a result of the rise in partnerships and international collaborations with prestigious business schools, giving students access to global networks and perspectives.
India has emerged as a promising destination for aspirant business professionals as a result of this concerted effort to raise the standard of business education. The addition of IIM Indore and Lucknow showcases the collective push for quality education in the country and hopefully, we can see more colleges on the list and fighting further upfront.