The Indian Institute of Management (IIM) Ahmedabad is one among a group of elite global schools and the only Indian institution recognised in this category in the latest QS world rankings of top 200 business schools internationally. Three schools – the Indian Institutes of Management in Bangalore and Kolkata and the Indian School of Business in Hyderabad – made it to the emerging global category, the second bracket of established though less brand name institutions.

The survey was based on  responses from more than 25,000 employers recruiting B-school graduates. According to the survey, Indian MBA candidates are the world’s most academically distinguished. Students at Indian Institute of Management, Bangalore (780) and Indian Institute of Management, Ahmedabad (767) have the highest average GMAT scores in the world. IIM-B students are ahead of the leading US institution Stanford and INSEAD in Europe. The average GMAT score of Stanford is 730 and INSEAD is at 704.

"It is the testimony to high quality talent that our country has. It is no surprise that Indian students have outscored others from across the globe. What is needed now is the establishment of premier institutes like Harvard and Stanford in India as well, so that these young minds could express their intelligence in best possible manner. This is possible only when full autonomy is provided to the universities," said T V Mohandas Pai, chairman, Manipal Global Education Services.

The colleges were also judged on different subjects under their programme. In corporate social responsibility, IIM-B ranked 21 among the top 50 business colleges across the globe, whereas IIM-A grabbed 19th rank. When it comes to emphasis on start-ups and small businesses to kick-start private sector growth (entrepreneurship), IIM-B ranked 25 and IIM-A ranked 17. Under innovation, IIM-B was placed at 17th with a score of 90.6, whereas IIM-A ranked 13, with a score of 97.4 out of 100.