India Today Conducted A Survey On Best Business Schools

India Today's Business Today had recently conducted a survey on finding out the Best Business Schools across India. A web portal MBA Universe.com and Assessment company Merit Trac, revealed that most of the MBA Graduates in India are unemployed.

The survey had covered around 2264 MBA students from 29 cities found that among the top 25 business schools, the remaining provided only 21% of their Graduates with a Job. The employability of MBA graduates from schools ranked between 26 and 100 was actually worse in 2012 which has only 21%, where as in 2007 it was 25% (Previous survey).

According to the sources, the number of MBA seats in the country has gone up from just under 95,000 to 350,000 in the same time period. The quantity of seats has increased for about 30% at annual growth. However, the quality of the education has not kept itself behind, instead suffers from the same malaise as much of India's higher education sector.

While supply has risen to meet the fast growing demand, lack of quality control has meant India has thousands of youngsters hold a degree. According to the Survey the IIM Ahmedabad holds first place, IIM Calcutta and FMS Delhi holds second and third place . Other B Schools include XLRI Jamshedpur, IIM Bangalore, IIM Indore, NMIMS Mumbai, MDI Gurgaon, IIM Kozhikode and SPJIMR Mumbai holds the next place simultaneously.

Here is a small comparison between rankings of 2012 and 2011.

Name Of The Institute	2012 Rankings	2011 Rankings
IIM Ahmedabad	1	3
IIM Calcutta	2	2
FMS Delhi	3	10
XLRI Jamshedpur	4	10
IIM Bangalore	5	1
IIM Indore	6	4
NMIMS Mumbai	7	16
MDI Gurgaon	8	27
IIM Kozhikode	9	6
SPJIMR Mumbai	10	15

How are these B-schools Ranked?
These b schools are being varied based on the Factual and Perceptual surveys. In A Perception survey, respondents are asked which institute they "perceive" as the best. Later these perceptions are converted into scores, and added to get the overall score.

In a Factual survey, a questionnaire is sent to institutes seeking data on faculty, facilities, placement records, salaries, fees and other parameters. Scores are awarded based on the data, which are added to get the overall scores.

What Business Today has done? Business Today has conducted a factual survey, followed by a perceptual survey. These scores of both factual and perceptual surveys were added to get the overall ranking.