The PaGaLGuY.com Business School Rankings

[Apurv]

Originally Posted by useles_crapstr

well,i liked the idea behind the survey,but i feel people's perceptions will only matter when they know something about the institutes they are voting for.i know this has been talked about a lot already,but i personally felt like a complete dodo,coz i hadn't even heard of half the institutes listed.perhaps others will be better informed than i was,but i still feel that people should only be asked to rank the schools they have some idea about,else people will just randomly click on whichever option they like.ofcourse,maybe that will cancel out over a sufficiently large sample,but still,why not give people the power to choose which schools they want to rank?

A very valid point! And this is our take on it:

The fact that you do not know about a business school forms part of your individual perception.

Scenario 1

Let's take two schools: A and X. Let's assume you are familiar about school A but have no idea where or what X is about. Given a narrow choice tomorrow between choosing A over X for studying your MBA, you would most likely go ahead with taking admission into A rather than X. This decision is = your preference, which is what we're capturing here.

Let's say that X is really a really good school and you just happen to be ignorant about it, don't worry. The sample size is so large that the informed crowd will even it out.

Scenario 2

You're asked to choose between school X and school Y, both of whom you have never heard of and it is likely that you'll make a random choice there. But no worries, because the sample size we are looking at is so large and representative across regions, that it will get evened out.

Mathematically, say if people randomly choose unknown school X over unknown school Y, there would be an equal number of clueless people who would choose Y over X as randomly. The net comparison between them would thus be zero. However, people who live in the vicinity of X or Y and know about these schools who will make conscious and informed decisions between X and Y, which will reflect in the rankings and make it valid.

Scenario 3

You are asked to choose between school P, which is a niche MBA school (like MICA, IIFM, IIFT) and school Q, which is a general MBA school. You would go for the school that fits in with your career goals or has a better brand name. Since the survey is based on individual preferences, the fact that someone chose a niche school over a general MBA school or vice versa would get evened out over the large sample size. The final result would tell you where niche schools stand in comparison with general schools in the MBA industry.

The second argument here is a little more subjective and a startling fact. Take a look at the placements of some top schools in the International Business/Foreign Trade niche, or even the Communications niche. The roles offered in these schools during placements are not vastly different from what is being offered to general MBA... marketing, brand management, business development, etc. Even Agri-Business Management students are appearing for online startup summer internships! The patterns are very scattered. So while there is a slight difference in the course content at niche schools, their graduates are largely doing the same jobs as general MBAs. So there is no drastic effect of niche schools YET so as to accord them a separate category, unless one wants to do it just for the heck of it.

Cheers,

[StupiDeity]

Hello All

Thanks for all the feedback on the survey system. As Allwin has pointed out, the system will keep evolving over time to better reflect this feedback.

I've seen two posts which had problems about redirection. This is probably because of the URL. I noticed that both the people having this issue had the following URL posted in their browser:
http://rankings.pagalguy.com/survey.php

This is incorrect. It is probably the result of directly copy-pasting the URL or if you got it from someone else. You HAVE to go through the system from beginning till end to get it right.

The right URL will look something like this:
http://rankings.pagalguy.com/survey.php?r=[x]
[x] being your region

So people give it a shot again. And remember, taking a survey never killed anyone.

Cheerios!

[useles_crapstr]

in reply to apurv's post-quite correct.just one more thing.while releasing the final rankings,will it be based solely on the perceptions,or will other factors like faculty strength,placement record,etc also be considered?i know this is a perception based ranking,but considering people may well choose one school over another based on these ranks,shouldn't an attempt be made to take all possible parameters into account?

[Apurv]

Originally Posted by useles_crapstr

in reply to apurv's post-quite correct.just one more thing.while releasing the final rankings,will it be based solely on the perceptions,or will other factors like faculty strength,placement record,etc also be considered?i know this is a perception based ranking,but considering people may well choose one school over another based on these ranks,shouldn't an attempt be made to take all possible parameters into account?

Hey again. The answer to your question lies in this post - http://www.pagalguy.com/forum/887973-post20.html

Cheers

[useles_crapstr]

Originally Posted by Apurv

Hey again. The answer to your question lies in this post - http://www.pagalguy.com/forum/887973-post20.html

Cheers

ok,thanks.looking forward to the results of the survey.

[kitchu83]

Great Work !!! Kudos to the team !!!

I noticed that there were many b-schools which didn't have enogh comparisons. I noticed some b-school names just once. Shouldn't we have a level playing field ?

KK

[y2kcooldudes]

I don't understand how you can compare b schools like IIFM, Bhopal with ICAFI, Hyderabad or TISS with SITM. They all have different pedagogy. For example IMDR, Pune which is in a different space of Management education which believes in delivering Management fundamentals with concrete knowledge and you have ABS, Noida, ICAFI or Welinkars who believe in commercialization of management education. When B schools are operating poles apart, how can you compare them? However I appreciate this attempt which is much transparent and corruption free. Hope rankings will not bring illusion in people's mind.

[shweta.sahu]

n u have missed many imp b schools like NITIE, SP jain etc...dont thy deserve 2 b in the list?

[nikhilkulk]

Originally Posted by shweta.sahu

n u have missed many imp b schools like NITIE, SP jain etc...dont thy deserve 2 b in the list?

They are all part of the rankings. They may not have been part of the survey that you took but they are indeed included.

[capreal26]

Originally Posted by pagalguy

But we are absolutely doing that. In our current process, every IIM is being compared to every IIM and every school out there. So why should one redo the process again? Wouldn't it be redundant?

What I meant was the current methodology assumes that perception ratings are uniformly spread across 76 institutes, whereas they are not. for eg, if perception could vary on a scale of 1-10 then imo when you look at the distribution of scores from Rank 1 to Rank 76 it could look something like as follows -

9.92 [Rank 1], 9.85, 9.84, 9.83, 9.81, 9.75, 9.73, 9.70, ......, 8.60, 8.55, 8.50, 8.45, 8.40,.... 6.5, 6.4, 6.3 .... 3.4, 3.1, 2.9 [Rank 76]

So, my hypothesis is - scores would be tightly packed in the top 15-20. But the current survey compares each college against each other college same number of times (which is once in 1 round of polling). So, if we think that the above hypothesis is true, we should have more number of comparisons of colleges amongst themselves in top quartile.

Now that I think about it, you actually dont need a different set of polling. Looks like we already have many respondents. Which means that we would have say 20 rounds of polling (1400 odd respondents). What can be done is take the results of first 10 rounds. Score colleges according to that. Then take the remaining 10 rounds & only use the answers of questions which compare colleges in top 15-20 out of 76. For the second 10 rounds, discard the responses which compare colleges in top 15-20 to 20+. Essence being that you dont need 20 rounds to separate rank 4 from rank 40 but you cerainly need 20 rounds to separate rank 4 from rank 5.

What say.

Originally Posted by pagalguy

This would be just the begining and the insights might stun people. We are seeing major trends and also we are now getting to see first hand the elasticity between different schools which is something no one could have measured before

Whoa, elasticity between schools.. looks like microeconomics lectures @W are kicking in big time