Two Indian universities have made it to the Top 20 business schools in the world.
Every year, the Youth Incorporated magazine, Education Times and Rediff.com announce the annual Global Business School Rankings.
The Global Business School Rankings 2015 is based on responses received from the institutes themselves, current students enrolled in the institutes, alumni and feedback from recruiters.
For the survey, 1,550 institutes were considered and contacted.
All the answers were ranked and tabulated based on several criteria including recruiter perception, student diversity, diversity of faculty, innovation of programmes and value for money, among other things.
The ranking covers the top 100 institutes in the world to pursue a full-time MBA programme.
What's different this year
Harvard University, Stanford University and University of Pennsylvania had consecutively secured the top three spots in 2013 and 2014.
The 2015 rankings however, has seen a change -- Stanford University has replaced the University of Pennsylvania at number two.
Standing tall at number one is Harvard University with a perfect score of 100; Stanford University came in second with an almost perfect score of 99.9 followed by University of Pennsylvania with 99.8.
A significant change was seen in the rankings of universities launched recently and also universities who have been in lower ranking spots.
Lancaster University went from its 92nd rank in 2014 to 100 this year.
The University of British Columbia jumped from 67 last year to 54 this year.
The top 20 spots however, continue to be governed by universities in the USA, UK, China, France, Spain, Switzerland and India.
Where India stands
The IIM Ahmedabad and IIM Calcutta stayed in ranks 20 and 21 respectively, from 2012 to 2014.
This year, however, they made their way up to number 17 and 20 respectively.
The SP Jain Institute of Management has been seeing a rise in rank in each consecutive year.
From its 2013 rank of 61, it went to 59 in 2014. It has risen to 56 this year.
The Indian School of Business was ranked 23 in 2013 and 2014. This year however, it rose to number 22.
While four of India’s top Institutes -- IIM Ahmedabad, IIM Calcutta, Indian School of Business and SP Jain Institute of Management have been making appearances year after year, there has been no new Indian entrant in the list so far.
Take a look at the Top 100 MBA schools as per Global Business School Rankings 2015.
Lead image used for representational purposes only. Image: Daderot/Wikimedia Commons