IIM Bangalore among world's top 25 B-schools

The Indian Institute of Management Bangalore (IIM-B) has been ranked 24th while IIM-Ahmedabad ranked 55th in a worldwide survey of 'Universal Business Schools with major international influence'.

The results of the annual survey 'Eduniversal Worldwide Business Schools Ranking 2010' conducted by French consulting firm SMBG amongst deans of 1000 business schools were officially announced in Prague at the third Eduniversal world convention, IIM-B said in a statement.

"This is the third consecutive annual recognition of IIM-B as the number one business school in India," it said.

The institute has been awarded '5 Palmes', given to the top 100 business schools. The ranking positions IIM-B in the top 25 amongst 100 best business schools worldwide. Notably, only two Indian B-Schools feature in the Top 100.

"The ranking by Eduniversal positions IIM-B in the first quartile of the 100 best business schools worldwide. This acknowledgment from an independent international firm consolidates our status as a leading international management school," Professor Pankaj Chandra, Director (IIM-B) said.

"Over the past year we have made significant enhancements to faculties, curriculum and infrastructure. We have obtained EQUIS accreditation and are taking steps to further diversify our courses so that we continue to remain the business school preferred by post-graduate and doctoral students throughout the Asian region," he said.

The ranking uses a comprehensive methodology that takes into account all the aspects of a business schools' influence on three different levels: international recognition through accreditations, memberships and international, regional and local rankings; international awareness through votes of the 1,000 deans and suggestions from members of the international scientific committee appointed by Eduniversal.