PGPX can only qualify in FT Rankings when at least three batches have graduated. Right now, their second batch is graduating and third batch will start in April 2008.
I am copy-pasting below a link related to PGPX 2nd batch placements. Really impressive --- I think no program globally has managed to get such placements in its second year.
IIM-A`s executive batch gets CEO, COO offers
The third batch starting in April has 10 years of average experience in diverse industries like Mgt. Consulting/Banking/Manufacturing/Retail/IT Consulting/Automotive etc., approx 730 average in GMAT, about half of the class are people from India and the other half Indians from US/UK/Australia/Japan etc.
My belief is PGPX will start participating in global rankings from 2010 and based on everything I know they will be ahead of ISB.
akshra_fate Saysu r right even i felt that.. at least PGPX could have qualified..i would like to know more on this if you can discuss it..
True in the past, not anymore... what I'm really surprised about in this flamewar across a lot of different threads is that no one has talked about the fact that IIMA has a program called PGPX that is meant for those with 7+ years of experience.
Personally, since I'll qualify for this experience threshold by the time the next round of applications roll around, PGPX is the course I'm hoping to get through.
JAt the same time, however, I find it surprising that you have asked for people to take a look at the methodology and yet not analyzed it yourself. Understanding the methodology is very different from analyzing it to draw some conclusions about validity. Visit this blog to get some guidance on the areas where the methodology could use some improvement.
Let me wear a Suit. Please! necromonger @ INSEAD MBA Blog: Financial Times FT MBA Rankings 2008 - Analysis and Review Part I
indianMBA2008 SaysSecondly, IIMA and IIMC have become more truly global in a sense by emulating other institutions by introducing both a "freshers" MBA program (PGP) and one for experienced candidates (PGPX/PGPEX).
indianMBA2008 SaysI remember reading an interview mbauniverse.com had held with the FT rankings head, where they said that PGPX did not qualify for the rankings because it's not been around for 4 years yet. If they were eligible to take part, their average salary of 22L would have converted to $240K. Do you really think that's a valid number? I suspect the only reason why the $169K salary figure for ISB was allowed to stand is because it wasn't drastically outside the salary range of other institutes.
Finally, in the same interview, the FT rankings head said that IIMA's PGP program would qualify for another ranking they have - the Master of Management ranking which is for programs with a high percentage of students without experience.
I think ISB's a great institute that has done a lot in a very short time. But get to #20 in the world? Not quite yet.
mbabuster SaysISB deserves to be ahead of IIMA just based on the fact that IIMA takes freshers.
The true mark of a person's maturity is not to shoot off one's mouth at something, but to understand and investigate it before stating your opinion. Do you think that FT is like some Rag Newspaper where you can plant your story for a few lacs?
My suggestion to people is to go to the Financial times website and read more about the test. Understand the methodology before trashing something.
It is quite obvious that the FT people have normalized salaries across the world (i.e. adjusted for purchasing power parity) in order to make an "apples" to "apples" comparison.
Heck, the avg salary last year at ISB was around 16 lacs, so it is plain obvious that they have taken $1=Rs 8 or 10 as the PPP conversion rate.
So folks...... understand the mechanics behind a story before trashing it completely.
End of the day, it should be a proud day for us all that an Indian Institute has made such a debut in Global rankings.
Other than this, there are factors such as extremely high GMAT scores. ISB's avg GMAT acceptance is way better tahn most top B-Schools. A healthy male:female student ratio given its based out of India. A 100% placement record that most international B-schools fail to acheive.
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