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Last Updated on September 9, 2024 by Prof. SK Agarwal

Financial Times Masters in Management 2024 Rankings Announced: Fourteen Indian B-schools Ranked; SPJIMR Ranked No 1 in India; Check Complete List & Rankings

Financial Times (FT) Masters in Management 2024 ranking are out! A record number of 14 Indian B-schools have featured in this prestigious global ranking. SPJIMR Mumbai is ranked as India’s #1 business school and #35 globally in the FT MiM ranking 2024. IIM Ahmedabad and IIM Bangalore were ranked #39 and #41 respectively.

Financial Times Masters in Management 2024 Rankings Announced: Fourteen Indian B-schools Ranked; SPJIMR Ranked No 1 in India; Check Complete List & Rankings

It must be noted here that FT MiM Ranking ranks Masters or MBA equivalent programmes which require limited or no work experience. Hence, the flagship MBA or PGDM programs from leading Indian B-schools are ranked. For instance, IIMA’s 2 year PGP (MBA) and SPJIMR PGDM programs are ranked. The ranking is based on 19 criteria and has a high weightage on salaries and placements. Alumni responses are used for eight criteria that together contribute 56 per cent of the ranking’s total weight. The remaining 11 criteria are calculated from school data and account for 44 per cent of the weight. Check details below. 

Let’s look at the Top 10 MIM Programs in the world as per FT MiM ranking 2024. 

FT MiM Ranking 2024: Top 10 MIM Programs in the World

St Gallen has returned to the top spot in FT Ranking, the 13th time the Swiss school has been number one. INSEAD is the highest new entrant, straight into third place. Shanghai’s Antai is the highest ranked school outside Europe. 

Global Rank
B-school
1
University of St Gallen, Switzerland
2
HEC Paris, France
3
Insead, Franc
4
Edhec Business School, France
5
Shanghai Jiao Tong University: Antai, China
6
ESCP Business School, France
7
London Business School, UK
8
EMLyon Business School, France
9
Nova School of Business and Economics, Portugal
10
Essec Business School, France

Source: FT MiM Ranking 2024

Now let’s look at the Indian B-schools who have been ranked in the FT MiM ranking 2024. 

FT MiM Ranking 2024: Fourteen Indian B-schools Ranked

Global Rank
India Rank
B-school
35
1
39
2
41
3
55
4
56
5
65
6
68
7
76
8
81
9
83
10
85
11
86
12
94
13
97
14

Source: FT MiM Ranking 2024

On being recognised as India’s top business school, Dr. Varun Nagaraj, Dean, SPJIMR, said, “This recognition reflects our commitment to creating a positive impact on business and society by advancing ‘wise innovation’.”

FT MiM Ranking 2024 Methodology
This is the 20th edition of the FT Masters in Management (MiM) ranking. A total of 141 MiM programmes took part in the ranking process in 2024. Only AACSB or EQUIS accredited Business schools were ranked. 

Weights for ranking criteria

Criteria
Weightage
Weighted salary
16 %
Salary percentage increase 
10 %
Value for money rank
6%
Career progress rank
6%
Aims achieved
5%
Careers service rank
4%
Alumni network rank 
3%
Employed at three months 
5%
Female faculty
5%
Female students
5%
Women on board
1%
International faculty
5%
International students 
5%
International board
1%
International work mobility rank
6%
Faculty with doctorates
4%
ESG and net zero teaching rank
3%
Carbon footprint rank 
4%
International course experience rank6%

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