ISB is the first business school from India to have found a place in the FT rankings. None from the premier Indian B-schools from the Indian Institute of Management stable has ever made it to this list, which has ranked ISB as 20th best globally.
While the average student experience at ISB is 5 years, the IIMs have students with a lesser experience, as such, the two are non-comparable, ISB Dean M Rammohan Rao said in a statement.
We wish to see many more Indian B-schools follow the trend and reach where we are today, or even ahead of us, he added.
ISB has affiliations with three of the worlds renowned business schools - Kellogg School of Management, The Wharton School and London Business School, and 5 per cent of its total student intake consists of international students.
Experts agreed that management education in India has come a long way since where it was a decade back and the future seems promising.
We are proud to have played a part in positioning India on the global map of business education. The FT ranking raises the bar even higher for ISB, and we are equipped to meet future expectations, ISB Deputy Dean Ajit Rangnekar said.
The FT ranking was calculated on the basis of 20 criteria covering specifics like career progress of graduates, diversity of MBA experience, international mobility of alumni, ideas generation and research.
In the top 20 rankings, US based B-schools had the maximum presence at nine, followed by UK with three. China, Spain and France each were represented with two B-schools, followed by India and Switzerland with one each.
University of Pennsylvanias Wharton topped the list, while London Business School and Columbia Business School took the second and third spot respectively.
Other B-schools in the top 20 list included Stanford University GSB (4), Harvard Business School (5), Insead (6), MIT Sloan (7), IE Business School (8), University of Chicago GSB (9), University of Cambridge: Judge (10), Ceibs (11), Iese Business School (11), New York University: Stern (13), IMD (14), Darmouth College: Tuck (15), Yale School of Management (16), Hong Konk UST Business School (17), HEC Paris (18) and University of Oxford: Said (19).