The Indian Institute of Management Bangalore has, for the second consecutive year, been recognised as the number one business school in India, part of the Central Asia region, as per the 2009 worldwide business school ranking by Eduniversal, a unit of French consulting firm SMBG.
In the Eduniversal Palmes 2009, IIMB has been awarded '5 Palmes', the highest recognition under the evaluation, accorded to "Universal Business Schools with major international influence".
The Award effectively positions IIMB among the 100 best business schools worldwide, an IIMB release said.
Notably, the Deans of the 1000 best business schools from 153 countries have voted for IIMB with a recommendation rate of 395 per thousand, followed by IIM Ahmedabad (345).
The Eduniversal Palmes uses a comprehensive methodology that takes into account all the aspects of a business schools' influence on three different levels.
"We are delighted to once again receive this recognition as India's top management school", said IIMB Director Pankaj Chandra. "We are making several efforts to enhance the quality of learning and impact of our research so that IIMB remains the preferred management school for students with global aspirations".
The process of the Eduniversal Official Selection involves a global mapping system meeting the criteria of universality and the international reputation of each academic institution.
The purpose of the 'Palmes' is to compare objectively a school of a given country or continent to another one.