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B Schools Ranking Basics BW-Cosmode Ranking Outlook C-Fore School Ranking Business Today B School Ranking What Students have to Say School Hunting / Placements 2003
JAM's B School ranking analysis 2003-04

BW-Cosmode ranking:
IIM A has scored 272.01 out of 300 under "placements", topping the table acc to BW's ranking. To understand what a score of say, 159.21 by Fore School, Delhi means, I looked up the methodology used at www.comoderesearch.org  BW has given maximum weightage to figures like the Average domestic salary and % of students placed. Foreign placements are given low weightage.

All the scores have been calculated on a relative basis. So a school might score around 160-170 if it placed a mere 50% of its students, and the average domestic salary was Rs 3 lakhs (half of the Rs 6 lakh plus at IIM A/ B), with no foreign placements.

A school might also score 160-170 if 100% of its students were placed but at a lower average salary, say Rs 2 lakhs p.a. (1/3rd of IIMs).

GYAAN
A large no of students at lesser ranked institutes secure jobs through personal contacts or "pull". And the B school will conveniently advertise that X or Y company recruits our students, implying that said company comes for campus placements. Many institutes will simply put up a "list of past recruiters" on its website. Whereas what's important is whether the company visited the campus officially, and in the last 2 years. So if an institute is open and transparent in sharing data of last year's placements take it as a good sign.

Businessworld-Cosmode rankings
Overall Rank Score Placement Rank B-School Placement
1 1 IIM A 272.01
8 2 S.P.Jain 259.29
2 3 IIM B 255.28
7 4 XLRI 254.08
10 5 IIT B SoM 250.32
3 6 IIM C 250.06
4 7 IIM L 248.29
6 8 MDI Gurgaon 233.4
5 9 NITIE 226.31
11 10 IIM K 218.49
23 11 IIM I 216.25
17 12 IRMA, Anand 205.5
18 13 IIFT 202.86
9 14 FMS 200.25    *
33 15 ITM 197.67
15 16 XIM B 191.58
16 17 LBIMS 186.45
12 18 ICFAI 185.06
42 19 Asia Pacific 182.87    **
32 20 IIT Kgp SoM 178.68
26 21 SIBM 178.4
19 22 IMI 178.39
21 23 IMT 177.76
14 24 IIT D DMS 176.23
62 25 Sydenham 174.2
30 26 Welingkar 172.68
41 27 BIM 172.41
31 28 Loyola 169.85
36 29 PSG 167.35
13 30 UBS 166.34
47 31 IIRM 160.46
70 32 NIAEA Hyd 159.31
25 33 Fore 159.21
48 34 Dalmia 157.54
29 35 NIILM 157.2
59 36 Somaiya 156.94
  • * Hard to believe fact # 1. ITM sharing a placement score almost as high as FMS. (ITM received one job offer for Rs 14 lakhs which boosted its placement score. )
  • ** Hard to believe fact # 2. The little known Asia Pacific School of Mgmt, Delhi (otherwise ranked no 42) is ranked no 19 in placements.
  • *** Prominent schools which were ranked below 30 overall such as IIT KGP SOM, Somaiya and Sydenham rate much better in placement.

Questions raised by JAM re: BW - Cosmode survey
1. Sri Sringeri Sharada Institute of Mgmt, Delhi (56) and Dept of Mgmt Studies, University of Kashmir (57) both rank ABOVE Sydenham (62) and Somaiya (59). How should students interpret this result as both Sydenham and Somaiya are among the top few choices of students appearing for CET in Mumbai.

2. Among the top 20 institutes by placement, ITM Mumbai is ranked at no 16, just one rank below the prestigious FMS Delhi. Are the avg salaries of the institutes in the same league?

3. MDI Gurgaon has been ranked no 9 in placements, ahead of FMS (15). IIFT also scores above FMS. Could you provide some data to explain this result?

4. Asia Pacific Institute of Mgmt, Delhi has been ranked no 20 by placement, which is higher than SIBM Pune and IMT Ghaziabad, which again are top choices for students.

5. Certain institutes which one knows must be having extremely low placements like University of Kashmir get a placement score of 132.45 while a Mt. Carmel in Bangalore gets 106.7.

6. How important, in your opinion, is full time faculty as far as students are concerned? The feedback students give is that the visiting faculty is more relevant and provides more value add in teaching.

7. Students often secure their own placements through personal contacts or pull. Would such a placement be considered as a campus placement by you?

Md Sayeed Ahmed,
Associate Consultant at Cosmode Research answers
There are two ways of interpreting the scores. The overall ranking gives a holistic picture of the school, its standing among its peers in relation to parameters such as institutional capabilities, programme delivery, placement and networking.

As a holistic school, Sydenham and Somaiya have lost, but if one looks at their placement performance and some other parameters they are among the top rankings. FMS lost on placement salary, they couldn't give credible data on students’ placement. MDI has gone ahead because of its placement. IIFT has lost because it couldn't give credible data on placement (salary). Two (2) Visiting Faculty is considered equivalent to One (1) teaching faculty in the ranking of Asst. Professor. A Professor gets the highest weightage. JBIMS volunteered not to participate because they have very few full time faculty. NMIMS indicated that they were not participating in any survey this year. ITM Mumbai has done very well on other parameters of placement. It looks like an upcoming school. The salary is around 3.5 lakhs after validation while the FMS salary is around 4.5 lakhs after moderation.

The same is true for Asia Pacific Institute of Management. Although salary is not higher than SIBM Pune or IMT Ghaziabad, it has done well in other parameters of placement. The placement score for University of Kashmir is true (132.45) after moderating salary from Rs 2,80,000 to 2,00,000 and the placement score for Mount Carmel is true (106.7) after moderating salary from Rs 2,50,000 to 87,000. Campus placement is where recruiters comes on campus. It doesn't include off campus placement.
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