According to the FT Masters in Management Ranking 2022, only two Indian institutions have managed to place themselves among the top 50 business schools worldwide. In the international rankings, Indian Institute of Management, Bangalore is the top business school in the nation, coming in at number 31, while SP Jain Institute of Management & Research (SPJIMR) is placed 44th.

Not in the top 50, however, five other Indian business schools have been able to achieve a rank in the list of top 100 B-schools around the world. In this list after SPJIMR is the Indian Institute of Management Lucknow at 64, IIM Udaipur at 81, IIM Indore at 89, NMIMS Mumbai, School of Business Management at 96th and the International Management Institute New Delhi at 97th rank.

There is a decline in Indian institutes’ ranking this year as in 2021, IIM Ahmedabad had got the fifth position, followed by SPJIMR at 12th, IIM Udaipur at 16th, IIM Bangalore at 23, IIM Lucknow at 40 and IIM Indore at the 53rd rank.

In terms of overall rankings, Switzerland’s University of St Gallen has achieved the top rank, followed by HEC Paris and the Netherlands’ Rotterdam School of Management, Erasmus University at second and third rank respectively.

Sweden’s Stockholm School of Economics and France’s ESCP Business School ranked fourth and fifth in the world rankings this time. The rest of the top 10 had Essec Business School, London Business School, University College Dublin: Smurfit, EMLyon Business School and ESMT Berlin, respectively.

To be eligible for FT rankings, a school should be accredited or have an affiliation with an AACSB or Equis accredited organisation. It should also have a programme that has been running for at least three or four years, and it must have graduated its first class at least three years before the ranking publication date.