The 10th annual Financial Times (FT) 'Masters in Management Ranking' spelled out good news for two premier Indian B-schools - Indian Institute of Management Calcutta (IIM C) and Indian Institute of Management Ahmedabad (IIM A). These two form a part of the elite 'Top 70' list of global B-schools, which comprises only six non-European B schools. IIM C, which debuted at 19th position last year moved up six spots to claim the 13th position this year while IIM A, an old-timer of the list moved up two spots to rank 16 this year.

 The evaluation parameters for the ranking include 'salary', 'value-for-money rank', 'careers rank', 'aims achieved', 'placement success', 'employed at three months', 'female faculty', 'female students', 'international faculty', 'international students', 'international board', 'international mobility rank', 'international course experience rank', 'languages', 'faculty with doctorates', 'maximum course fee', 'course length', 'number of students enrolled', and 'company internships'.

 The two Indian B-schools aced the list on the back of exceptional performance in two important parameters - 'placement success' and 'careers rank'. IIM C and IIM A are ranked second and third positions in this all-crucial parameter, which measures the B-school's ability to place its students in reputed companies. Another feather in the Indian duo's cap is in its 'careers rank', which tracks career growth over the last three years - IIM C is ranked first and IIM A ranked third on this parameter. FT takes seniority, company size and employee strength into consideration to evaluate the parameter, thereby validating career progress of the alumni in a comprehensive manner. 

 The FT rankings are significant to the B-schools as they help them reach out to a global student base, and to network with the best of reputed global B-schools. They also serve as powerful endorsements for the alumni, the faculty and students of the B-schools. The two oldest IIMs, which have been considered dream destinations by MBA aspirants for over five decades in India will increasingly become names to reckon with on a global scale. With such recognition from the likes of FT, the benefits may well spill over to the other top Indian B-schools as the focus shifts to the Indian MBA space.