Research organisation Cfore conducted the survey to rank top B-schools in India based on their performance in year 2005-06. The methodology and parameters for evaluation were reviewed by a committee consisting of representatives from industry and academia.
The B-schools were segmented into three categories, viz government-aided autonomous, private and university departments, and the ranks were based on objective data and the satisfaction survey score of recruiters. The survey was open to all B-schools, and a questionnaire designed for the survey was available for downloads from the website, www.indiabschools.com. Invitations were sent to 950 B-schools. In all, 208 schools responded. The validation was carried out by a special team which cross-checked the data by asking for documents like appointment letters, balance sheets and annual report. The veracity of information was also checked by the ‘mystery shopping’ method.
The scores were obtained by evaluating B-schools against the following five broad parameters: intellectual capital, placement performance, infrastructure and facilities, industry interface and international linkages. These were divided into sub-parameters as shown in the tables. Marks were alloted against a particular sub parameter by normalising them against the topper. For example, if the marks for median salary was 70 and the highest median salary offered at any institute irrespective of the category was Rs 9 lakh per annum, then the marks allotted to an institute whose median salary was Rs 3 lakh per annum was 23.3 (3/9x70).
The satisfaction survey of recruiters was conducted online at indiabschools.com. The 685 participating recruiters were asked to rate the graduates of the B-schools they were familiar with against six parameters, namely effectiveness in application of knowledge of subject/skills, analytical skills, communication and presentation skills, creativity, proactive attitude and ability to work in teams. The detailed methodology is available atwww.indiabschools.com.