Excellent or poor? Here’s how to read the ratings of business schools

The methodology for the Business Standard B-School Survey uses a combination of self-audit by the institutes and an external rating by industry.

The final ranking of the business schools that have participated this year has been obtained by arriving at a weighted composite score comprising the audit index and the perception index.

The audit index is calculated on the basis of a self-audit (with suitable back-checks) by the B-schools on six different parameters. The perception index is a weighted score arrived at by merging ratings obtained from the industry — alumni and HR professionals. Each parameter has been assigned a different weight based on the directions of an expert committee.

The final scores are used to classify business schools in different categories. The categorisation has been done after analysing the distribution of the final scores and the inflection points on this distribution curve.

After the categorisation, percentile scores have been calculated for each parameter. Business schools in each category have been placed in an alphabetical order.

That is why, in the Super League 1, Faculty of Management Studies, Delhi, is on top and XLRI, Jamshedpur, is at the bottom although on the basis of the overall score, it could be the other way round. This is true for each category.

We introduced the additional “top” lists in 2018. The colleges in each list are, again, listed alphabetically.

The scores given in the table represent the percentile scores for all the six parameters of the audit module and the perception module. No mathematical operations like addition or subtraction can be done on these scores. Also, the percentile scores do not follow a decreasing pattern as we go down the list.

So schools with a score of 90 can be in Super League 2 as well as in A1.

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