The years 2008 and 2009 made business schools extremely vulnerable to the same market forces that they had been training managers to deal with. In many ways, the PaGaLGuY B-school Rankings 2010 mirror the performances of b-schools during the economic recession of 2008-09.

The Regional Rankings for each city portray the preferences of candidates familiar with the colleges. In that sense, these are the most preferred regional-level b-schools for each of the featured cities – Mumbai, Jaipur, Chennai and Hyderabad.

A step by step description of how this rankings came by.

In the last five years, India has seen widespread experimentation with the MBA degree – from sectoral MBAs to executive courses and distance programs over videoconferencing – both government and private business schools have tried to push the limits of how management education is delivered. But all this is a bubble waiting to explode at the end of which only four main models of MBA would remain, says Prof Bala V Balachandran, JL Kellogg Distinguished Professor of Accounting and Information Management at Kellogg School of Management, Illinois and the Founder of Chennai's Great Lakes Institute of Management.

A women-only IIM would ensure equitable management education to women, make for research opportunities on leadership issues faced by women and be a good proposition to recruiters who increasingly prefer women over men for competitive jobs, argues Prof Ganesh Prabhu, Professor of Strategy at IIM Bangalore.

By continuing with slot placement processes, business schools are doing more harm than good to their students' careers and keeping them from finding 'that one' job, writes Allwin Agnel, CEO of PaGaLGuY.com and Wharton alumnus of 2008.

Behind the glossy prospectus of any reputed and self-respecting business school are years of struggle and coordinated effort to get things right on multiple fronts – faculty, placements, adhering to complex regulations, credibility, research and much more. But in the midst of this, it's easy to succumb to market pressures and lose sight of the original vision of the school. Mr IV Ranga Rao, Executive Director of the Jindal Global Business School and former Admission Director of ISB, Hyderabad narrates what it is like to start a new private business school in today's age, and what challenges new b-schools have to face in order to attain a reputable status among both students and recruiters.

Immediately after an MBA from Oxford University's Said Business School, Dhruv Lakra started a courier company that only employs deaf boys and girls. In a passionate column, he argues that social entrepreneurship has been undersold to Indian MBA students and b-schools need to do more in order to produce leaders in the social and nonprofit sectors.

Ever wondered why you cannot differentiate between any two Indian business schools except by their rank and placement salary figures? It is because b-schools do a shoddy job of telling their own story to the outside world. Ankush Trakru, an alumnus of FMS, Delhi and a Manager at Tata Administrative Services dissects all that is wrong with how Indian b-schools brand themselves.