European business schools and their US counterparts have fallen victim to a growing number of ever-improving Asian, South American and Australian schools in global rankings as evidenced in the list. This year sees three Chinese schools and one Indian one in the rankings.
The relatively young business school "Indian Business School (ISB)" in Hyderabad was ranked #20. It was set up in 2001 as a private B-school with the blessings of Fortune 500 companies and top Indian organizations. It collaborates with the world's leading business schools like the Kellogg School of Management, the Wharton School and the London Business School. These associate schools actively participate in curriculum design, research, conferences and teaching. According to the school's Deputy Dean Ajit Rangneker, the school is set to increase class size by over 100 students in the next academic year. There is also an anticipation of increased applications from international students. Rangneker estimates around 5% of the students are from abroad.
ISB; the only B-school from India to be ever ranked among the top 20, is not an institution recognized by the All India Council for Technical Education (AICTE), the regulatory body for technical education.
Until now the IIMs were considered most likely to be ranked in such international rank orders."US news" releases its list of top B schools later in the year. This highly regarded ranking list ignores Asian Business schools. Only schools from Europe and North America are ranked. In the Wall Street Journal/Harris Interactive Survey of how recruiters eye International B schools, only schools from Europe, North America and Central America were ranked. (Check the list at "IIMs not eyed by US Recruiters - or are they?")