IIM-C now considered as Masters in Management (MiM) by Financial Times (FT)
Recently, a survey had been conducted by the FT Masters in Management Global Rankings where they credited Indian Institute of Management at Calcutta (IIM-C) as the best b-school in Asia. Interestingly, IIM-Calcutta is the pioneer school of management. It has also been credited with first rank for being the best management institute globally for study in economics. For its well acclaimed post graduate program, the Institute this year has been recognized at rank 13th of the 2014 Financial Times Master in Management (MiM) ranking leaping by six places from 2013.
How they determined the rank-
Rankings are calculated on the basis of several parameters. Some of them are as follows-
- value-for-money rank,
- careers rank,
- aims achieved,
- placement success,
- employed at three months,
- female faculty,
- female students,
- international faculty,
- international students,
- international board,
- international mobility rank,
- international course experience rank,
- faculty with doctorates,
- maximum course fee (local currency),
- course length (months),
- number of students enrolled 2013-14
- company internships.
The institute emerged as the highest ranked non-European B-school. In the list of top 70, there exists only six non-European schools, the other Indian school in the ranking is IIM Ahmedabad on rank 16.
Professor Ashok Banerjee on this says that as per him FT Ranking system is considered as gold standard in ranking of B-schools and he feels very happy and proud indeed to see the institute make such a progress in a single year. Not only this, the status is a significant milestone for them in their globalization journey along with other recent achievements like the AMBA, AACS and the CEMS membership. Ashok Banerjee is the dean of IIM’s new initiatives and external relations. The rankings will be helpful to them for other global relations. It will help them to network further closely with the European B-schools.