The Hyderabad-based Indian School of Business (ISB) and Indian Institute of Management, Ahmedabad, ( IIM-A) have both, slipped in the Global Top MBA Rankings 2013 released by Financial Times, London.
While ISB has slipped 14 notches to rank at 34th position this year against 20th last year, IIM Ahmedabad has slipped 15 places to rank at 26 from 11 position in 2012.
In 2011, IIM-A ranked 11th and ISB ranked 13. IIM-A debuted in 2011 last year, with its one-year post graduate programme for executives (PGPX).
IIM-A’s weighted salary stood at $171,188 up, 110% whereas ISB's weighted salary stood at $123,470, up 152%.
ISB and IIM-A are the only Indian business schools featured on the FT rankings, as B-Schools which participate in the rankings must be internationally accredited and the management programme must have run for at least four consecutive years.
The annual MBA ranking, in its 15th edition saw Harvard Business School return to the top spot, after eight years. The survey ranks top 100 business schools from across the world, based on audited data from the B-schools and their alumni who graduated in 2009.