Saturday, August 28, 2004

The B-school rankings game

The time of the year when the flowers blossom, birds chirp, the time when spring is in the air, has finally come. Incidentally, it is the same time when the bitching about B-school rankings start. The same time when B-schoolers get into the 'My daddy strongest of all' mode.

So many magazines come out with all sorts of ratings leaving everyone perplexed. Aspiring students are left clueless. B-schoolers are in no better position. One magazine says their institute is number 4, and an other equally 'reputed' magazine says their B-school is number 12. Thank God there is no negative ranking! Last year, just the day before my interview, ET rated IIM-I number 5 after IIMs ABCL. An other magazine rated IIM-I 21 the year before. If only B-schools could vault their positions so easily in a year's time! That piece of information only fortified my belief that rankings are as worthy as a piece of crumpled paper in the room corner trashbin.

I was motivated to write about this because I was demotivated by a ranking that came out now. BusinessWorld magazine rated IIM Indore number 28. You heard it right. Twenty eight. As in thirty minus two. Needless to say, all those corner institutes to which you didn't even bother applying are rated in the top-10 list. I was literally thrown out of my chair this time. IIMs LIK didn't find their way into the top-10 list, let alone top-5. All these changes, according to the magazine, have happened in a year. Thank God I didn't follow these ratings then.

Our media committee says that we usually participate only in the BT and ET surveys, and that we didn't even participate in this particular BusinessWorld survey. I'm not trying to defend my institute, but I'm really as cluelessand as helpless as the rest. If there is such a lot of subjectivity in the rating, why at all rate institutes? Do we have anything close to rankings in Engineering colleges? Aren't students and employers inching everytime to Engineering colleges without this information? Isn't 'IIT' a tag to reckon with?

Now, coming to the core issue, what are these ratings all about? and what is the real rating among B-schools in India? Trust me, this is one of the toughest questions to handle. I've never studied in any other B-school other than IIM-I. Is it fair even to try to rate other B-schools? I guess no. I'm enjoying my stay here. I'm really studying a lot. I'm not even sleeping. It's been total fun. But, so does every other B-schooler - or so they claim. Where do we stand in comparison? Only God - and, mind you, NO ONE ELSE - knows.

In all, my take for aspiring students would be: speak to people to whom you are close with. Don't go by magazine ratings. I won't be surprised if IIMA is rated 5 sometime now! Leave the rankings game to magazine wallas and B-schoolers. This bitching is something that's never gonna end.

Addendum: Rumour had it that IIM-I is rated 28, but it was infact IMS Indore that is rated 28. There is no rating mentioned for IIMs LIK coz these instis didn't participate.

6 Comments:

At Sunday, August 29, 2004 10:08:00 AM, Blogger Bhars said...

I share your views - nobody can say 'my bschool is the best' without studying in others. The same here - studying, learning a lot, always wonder if it was at least possible for some other faculty to teach a subject better than mine - the answer always is yes - the prof in the next class does, sometimes.

If this is the case, not sure how some people start boasting theirs are the best and all... either they are overlooking the possibility of existance of improvement or just 'blindly' lifting their bschool banners with zilch objectivity.

I value these rankings as much as you do, inspite of my bshcool being ranked first :)

 
At Sunday, August 29, 2004 12:50:00 PM, Blogger Govar said...

True. One good thing that's happening is, even in these crap ratings, A is number 1. Even B and C shifts often. That means A is really the number 1 anyday. :)

 
At Wednesday, September 01, 2004 8:05:00 PM, Anonymous Anonymous said...

**annoyance alert**
quote - One magazine says their institute is number 4, and an other equally 'reputed' magazine says their B-school is number 12. -unquote

Govar if magazines started having institutions(B-Schools in this case) then one can probably imagine.....

Shouldn't it probably be- A magazine says an X institute......

ps: Proof-reading your entries attracts more visitors!

**annoyance alert ends**

 
At Wednesday, September 01, 2004 11:58:00 PM, Blogger Govar said...

Hey anonymous,

I just quoted an example... just take a look at this:
http://www.mbadreams.com/latest_b-school_rankings.htm
http://economictimes.indiatimes.com/articleshow/567219.cms

Do you find any sort of pattern at all? What wud prospective students do? Thats what I wanted to point out...

 
At Thursday, September 09, 2004 11:33:00 PM, Blogger vicky said...

The Ranking Game....Sirf Bakwaas...Stupido...I knw hazaaar other words to describe it...:-)

 
At Thursday, September 09, 2004 11:47:00 PM, Blogger Govar said...

LOL. true.

 

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