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April 13, 2009

IIM-B catapulted itself to 6th rank in job market

Bangalore: Employers are making a beeline for IIM-B, as per global survey 2009. The Indian Institute of Management, Bangalore, (IIM-B) has registered itself among the top 10 preferred B-schools in the Asia Pacific region. The QS Global top 200 business schools 2009 survey has put IIM-B at sixth position in the region.

IIM-Ahmedabad, IIM-Calcutta and ISB Hyderabad are at 11, 12 and 13th rank respectively. Many factors were considered in which four major areas are — quality of students, specialization, success of alumni and activities of alumni network.

The global survey has shown up interesting trends in gloomy times. Business schools in India are becoming a hub for employers as the country's economic demand for professional managers has been increasing despite the recession. The report lists 200 business schools currently preferred by most international employers for hiring MBA graduates.

The report says that MBA employers around the world are targeting a broader selection of regionally strong B-schools from which to hire MBA graduates. This trend may be accelerated by the recessionary environment, even as overall MBA hiring numbers fall.

The pressure of globalization means that beyond the traditional MBA employers, there are growing number of regional MBA employers who may not have the budget to pay the salaries demanded by MBAs from elite schools. As a result, MBAs who are pro-active in their search and flexible in terms of salary expectations are expanding their horizon even in the time of recession, pointed out the survey.

Interestingly, B-schools in the Asia-Pacific region are stamping their authority in the MBA market. "In fact, the number of Asian and Australian schools in the QS global survey has increased from 10 in 2004 to 40 this year — a massive jump reflecting their growing status. It also reflects the importance of Asian recruitment amongst employers.

The Quacquarelli Symonds (QS) has the reputation to be the most exhaustive research on global B-schools. Its effort has been appreciated by Harvard and Wharton schools.

In the top 30 league, the Delhi University (22nd rank) figures for the first time and SP Jain Institute of Management and Research (21 rank). The list consists — 72 schools in North America, 70 in Europe, 40 in Asia Pacific region, 12 in Latin America and 6 in Africa and West Asia. source:

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