India's Most Preferred B-schools!

In India's largest B-school Rankings initiative ever, as many as 5,410 people voted for the best B-schools all through November and December 2007 and here are the results! Browse through the results across various categories to gain amazing insights into what Indian thinks about Indian business schools.

The PaGaLGuY
B-school Rankings

The Methodology

Welcome to The PaGaLGuY B-school Rankings! As MBA aspirants, MBA students, recruiters, professionals or academicians, a lot of information about business schools reaches us through all that we read, see and hear from the mainstream media, the Internet and people. All of it gets captured in the Perception that we form about business schools.

The PaGaLGuY B-school Rankings takes 76 best known B-schools and compares each one of them to each of the others. The survey breaks down the huge number of comparisons involved and distributes it across hundreds of people. The responses will help us know what India thinks of its business schools.

1. Perception captures everything

"XYZ Business School placed all of its 120 students in top notch companies within 7 hours"

"ABC School of Management was fined by AICTE for irregularities in fee structure"

"Five people from PQR Institute of Business have started their entrepreneurial venture even before graduating"

"A severe ragging case on campus has put MNO Management Institute under fire"

"123 School of Business closed its CAT cut-off at 97 percentile, thus elevating quality of students"

These are only some of the news snippets that stakeholders in the MBA value chain today constantly read and see in the media, share in hundreds of online communities and message boards and hear from their friends and professional networks. There is such an abundance of avenues for information exchange that today's MBA students, MBA aspirants, recruiters, academicians and other stakeholders are a lot more informed about which business school they would prefer for their purpose than they could have been 10 years ago.

All this information adds to perception. Today's MBA stakeholders have strong perceptions about the best known business schools, an important tool when seeking admission to or recruiting from a b-school.

In short, perception captures everything.

2. Survey Methodology: CommunityRank

The PaGaLGuY B-school Rankings ranks 76 best known and most discussed business schools across India and ranks them according to the perception of a large sample size comprizing MBA aspirants, MBA students, recruiters and other stakeholders in the MBA value chain.

We crowdsourced the selection of 76 business schools to the PaGaLGuY MBA community and asked them to list the 76 B-schools they would like to rank. B-schools shortlisted at this stage have now been put to a comparison survey, which you have come here to take.

The comparison survey compares each b-school among the 76 to every other b-school based on perception. The question format of the survey is, "Which one of the following two B-schools do you think is better?". But if every b-school among 76 is to be compared with every other b-school, it would mean a total of 2,850 comparisons. The math is simple and is illustrated below:

Clearly, it is impossible for one single respondent to answer a survey questionnaire with 2,850 questions. So we broke the questionnaire down into 57 randomly generated Chunks of 50 unique questions each (since 50 x 57 = 2,850). Each of these Chunks would be answered by one respondent and when 57 respondents sequentially answer 57 Chunks, one Cycle of 2,850 comparisons would complete. In effect, it takes 57 people to compare each of the 76 business schools with each other. Because no respondent knows which random set of B-schools he or she will get to compare in his questionnaire, there is no way anyone with an intention to influence the rankings can achieve success.

With every batch of 57 respondents, one new cycle of the comparisons would be completed. So when a total of 1,140 respondents have answered the survey, each of the 76 B-schools would have been compared with each other 20 times! The larger the sample size, the more accurate the wisdom of the crowds.

Eventually, the business school that has been rated to be better by most respondents would be ranked 1 and vice versa.

So in Stage 1, we asked members of the PaGaLGuY Community which 76 B-schools they would like to rank. In Stage 2 (current stage), we put the 76 schools shortlisted into a comparison survey. Each time b-school X is voted over b-school Y, X gets an increment of 1 point and Y gets an increment of 0 points. In Stage 3, the 76 B-schools will be ordered in decreasing order of their points, yielding the PaGaLGuY B-school Rankings.

3. What will the PaGaLGuY B-school Rankings indicate?

They will simply indicate what India thinks about its Business Schools.

Are they the most definitive rankings of Indian Business Schools? No. Should they be used to select the b-school of one's choice? To a certain extent. Are they an indicator of the brand image of a business school in the market at large? Yes.

Also see: Future roadmap, where the PaGaLGuY.com B-school Rankings could have done better

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