IIMs are officially amongst the top 20 in the world says Financial Times

The Financial Times Masters in Management Rankings for the year 2015 have been announced and the Indian Institutes of Management (IIMs) is named among the top 20 MBA institutes. IIM’s Ahmedabad, Calcutta and Bangalore have earned the 15^th, 16^th and 26^th positions respectively.

While IIMA has gained a better slot this year (it was at number 16 last year), the overall rankings of IIMC have dropped to 16 from previous year’s 13.

According to The Economic Times report, IIMA was awarded the number one institute in placement – packages offered employment within three months and company internships – among other institutes worldwide.

IIMC, however, gained the first in ‘careers’ rank, ahead of its counterpart at Bangalore and Ahmedabad. The ranks are based on seniority of graduates and size of company.

IIMA director Prof- Ashish Nanda on the occasion said, "Rankings are useful for benchmarking how we are doing compared to peer institutions. We are also committed to increasing the diversity of the IIMA community and have taken specific steps, including introduction of supernumerary seats for international students and revisions to our admissions process towards achieving this objective."