FT Masters in Management Rankings 2024: 14 Indian institutes secure spots on the global list, check full list here
The FT has stated that to qualify for the rankings, business schools must offer full-time, cohort-based programs accredited by AACSB or Equis, designed for students with limited or no work experience.The rankings focus on general management programs rather than specialized ones.
SP Jain Institute of Management and Reseatch (SPJIMR) has clinched the 35th rank in the list followed by Indian Institute of Management Ahmedabad at 39th position and Indian Institute of Bangalore at 41st. Checkthe detailed list of the Indian institutes that have made their way to the FT rankings 2024.
FT Rankings 2024 vs 2023: A comparative analysis
In 2023, a total of 11 Indian institutes featured in the Financial Times (FT) rankings. This year, that number has risen to 14, reflecting a significant progress. New Indian entrants to the FT 2024 list include the Indian Institute of Management (IIM) Indore, Symbiosis Centre for Management and Human Resource Development (SCMHRD), and IIM Bangalore.
SP Jain Institute of Management & Research (SPJIMR) made an impressive leap from 40th place last year to 35th in 2024. IIM Ahmedabad moved up from 43rd to 39th, while IIM Calcutta improved from 60th to 56th. IIM Lucknow showed a remarkable jump from 72nd to 55th. IIM Kozhikode rose from 77th to 68th. XLRI- Xavier School of Management demonstrated notable growth, climbing from 85th to 65th while IIM Udaipur improved from 88th to 81st. Management Development Institute (MDI) Gurgaon also climbed up the ladder rising from 93rd to 85th.
However, some institutions saw a drop in their rankings too in 2024. NMIMS Mumbai, School of Business Management, slipped from 83rd to 94th, and the International Management Institute (IMI) New Delhi moved from 84th to 86th. On the other hand, Institute of Management Technology (IMT) Ghaziabad experienced a decline, dropping from 92nd to 97th this year.
FT Rankings 2024: A look at the parameters used
The ranking parameters used by FT have been highlighted here along with the weightage of each.
- Weighted salary (16%): Average salary three years post-graduation, adjusted for sector and purchasing power parity.
- Salary increase (10%): Alumni salary growth since course completion, based on both absolute and relative increases.
- Value for money (6%): Current alumni salaries versus tuition and costs.
- Career progress (6%): Changes in seniority and company size post-graduation.
- Aims achieved (5%): Alumni who met their master’s goals.
- Careers service (4%): Alumni-rated support for recruitment.
- Alumni network (3%): Alumni-rated network effectiveness for career growth, start-ups, and events.
- Employment at three months (5%): Percentage of graduates employed within three months.
- Female faculty and students (5% each): Proportion of female faculty and students.
- Women on board (1%): Percentage of women on the school’s advisory board.
- International faculty and students (5% each): Diversity by citizenship, with faculty and students working or studying outside their home countries.
- International board (1%): Percentage of board members from outside the school’s location.
- Work mobility (6%): Alumni job relocations post-graduation.
- International course experience (6%): Graduates who completed exchanges or internships abroad for at least a month.
- Faculty with PhDs (4%): Proportion of faculty with doctorates.
- ESG & net zero teaching (3%): Core teaching on ethics, sustainability, and climate solutions, rated by alumni.
- Carbon footprint (4%): Based on net zero target year and the presence of carbon audit reports, with extra credit for those covering Scope 3 emissions.
