India's premiere institute IIM-Ahmedabad has added one more jewel to its crown and has been ranked as the business school offering best career progress across the world, in a recent ranking of global business schools by UK-based newspaper The Financial Times.
The newspaper calculated career progress according to changes in the level of seniority and the size of company alumni are working in now, compared with before their MBA.
IIM-A has also notched up two levels in the FT's overall ranking as compared to last year and now stands at the 24th position.
Graduate business school INSEAD with campuses in Singapore and France has topped the overall list, marking the first time that a 'one-year' MBA has led the FT's global ranking.
Last year's topper Harvard Business School has come in second and London Business School has been positioned third.
But what's noteworthy is that IIM-A is ahead of several ivy league schools like Columbia Business School, Cornell University, Harvard Business School and Yale School of Management when it comes to career progress of its alumni and offers a salary percentage increase of 96 per cent.
Other B-schools with good career progress rankings are Stanford Graduate School of Business (second) and Renmin University of China School of Business (third).
Besides IIM-A, two other Indian B-schools - India School of Business and IIM-Bangalore - have appeared in the list.
While ISB has secured 29th position this year, up four ranks from last year's 33, IIM-B is positioned at 62nd rank, up 20 ranks from last year's 82.
In FT's global MBA ranking for 2016, a total of 157 schools took part, all of which are internationally accredited and meet strict entry criteria, the newspaper informed. The FT ranking used data collected from both the schools and the 9,800 alumni who completed a full--time MBA in 2012, to form the final list.