Year after year, Indian Institute of Management Ahmedabad (or IIM-A) made it to the top in Indian rankings of its B-schools. IIM Ahmedabad is one of the oldest business schools in India and is nationally as well as internationally well recognized. However, this year, two other schools kicked the renowned school from the top spot.
The Business Today-Nielsen ranking of India’s Best B-schools gave the top spot this year to another school within the group of government-run institutions that operate under the abbreviation: IIM Bangalore came first, IIM Calcutta grabbed second place. IIM Ahmedabad is on third position. It is the first time in eight years that IIM Ahmedabad has not ranked first.
Apart from the top three spots, other IIMs also achieved high rankings with IIM Indore, IIM Lucknow, IIM Kozhikode and IIM Shillong ranking within the first ten spots. IIM Bangalore has achieved the high result because of "its unmasked ambition for growth and an increased thrust on research," according to the article in Business Today that accompanied the ranking.
So far foreign universities were not allowed to offer business education to Indian students within the country. However, a change of law is in close reach with The Foreign Education Bill. As soon as the bill is approved by Parliament, it will allow the entry of foreign universities and other education providers into India, causing another potential reshuffle of rankings.
Schools like Duke University's Fuqua School of Business, York University's Schulich School of Business and Georgia Institute of Technology have expressed their interest to enter the country. The Schulich School of Business is already working on a new campus in Hyderabad in the continent’s south. Schulich plans to offer its two-year MBA as well as executive education programmes. The business school wants to start with 120 students in September 2013.
Apart from the current rankings, another topic in India is under scrutiny and that’s the MBA entrance tests. There is a strong tendency at the moment to consolidate available tests to one Single Entrance Test comparable to the GMAT that the Western World has used for years now.