The Indian School of Business (ISB) has secured seventh position globally in the Forbes Best Business Schools-2019 rankings announced on Wednesday, said the B-School.
The ISB is the top-ranked B-School from Asia among those surveyed. It is the first time that the school has participated in Forbes rankings.
A release from the ISB said the Forbes Best Business Schools rankings are announced every two years and schools are ranked solely on their ‘5-year MBA gain’. It represents the net cumulative amount the typical alumni would have earned after five years by getting their MBA versus staying in their pre-MBA career.
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This year, Forbes looked at more than 100 schools and surveyed 17,500 alumni regarding their pre and post-MBA compensation, career choice, and location. They did not consider the schools where alumni had a negative ROI after five years.
Forbes compared the alumni earnings in their first five years out of business school to their opportunity cost of doing an MBA.
Their survey measured total compensation, including salary, bonuses, and exercised stock options. Based on their analysis, they concluded that a typical student’s salary would have risen half as fast as their post-MBA salary increase. The Post Graduate Programme in Management (PGP) of ISB is currently ranked 24 worldwide as per the Financial Times Global MBA Rankings-2019.
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Global recognition
ISB Dean Rajendra Srivastava said it was a pleasure to see ISB’s PGP gaining more and more recognition globally. “These rankings speak of the value that ISB’s MBA brings to the table for both our students and the corporate world. It bears testimony to our students’ competency, teachings of our world-class faculty, the satisfaction of our alumni as well as the confidence of our recruiters.”