FT Masters in Management Global Rankings did a ranking survey of management colleges and has credited the Indian Institute of Management (IIM) Calcutta as the best B-school from Asia. The pioneer school of management has been given a rank 13 in the 2014 Financial Times Master in Management (MiM) ranking, improving by six places from 2013, for its widely acclaimed post graduate program.
The parameters for ranking calculations were salary, value-for-money rank, careers rank, aims achieved, placement success, employed at three months, female faculty, female students, international faculty, international students, international board, international mobility rank, international course experience rank, languages, faculty with doctorates, maximum course fee (local currency), course length (months), number of students enrolled 2013-14, and company internships.
The institute emerged as the highest ranked non-European B-school. In the list of top 70, there exists only six non-European schools, the other Indian school in the ranking is IIM Ahmedabad on rank 16. IIM Calcutta has also been credited with first rank for being the best management institute globally for study in economics.
"FT Rankings is considered the gold standard in B-School ranking and we be indeed happy and proud to make such progress in a single year. This is a significant milestone in our globalisation journey along with our recent achievements including the AMBA, AACSB accreditations and the CEMS membership," as quoted by Professor Ashok Banerjee, dean of IIM's New Initiatives and External Relations from a newspaper report. He also said that the rankings will help them network more closely with the top European B-schools.