How We Did It

The Method­ol­ogy for BT- MDRA Best B- School Rank­ing 2017

Business Today - - CONTENTS - BY TEAM BT

This is the third year that Busi­ness To­day and MDRA are bring­ing out the most ex­haus­tive list of B-schools of­fer­ing full-time man­age­ment cour­ses ( PGDM/MBA), es­tab­lished at least five years ago and with at least three passed-out batches. The sec­ond stage in­volved fine-tun­ing the ob­jec­tive ques­tion­naire to get lat­est in­for­ma­tion from in­sti­tutes on each pa­ram­e­ter/sub-pa­ram­e­ter. It was put on web­sites of MDRA and Busi­ness To­day. More than 2,200 B-schools, ful­fill­ing the cri­te­ria for par­tic­i­pa­tion, were in­formed and re­quested to par­tic­i­pate through emails, tele­phonic calls and ad­ver­tise­ments in the mag­a­zine. The dead­line was clearly men­tioned. In all, 277 in­sti­tutes sub­mit­ted their data within the time­line. Around 30 did not sub­mit their data on time and, hence, were ex­cluded from the process.

After get­ting the data, in the first stage, the de­tails pro­vided by the B-Schools were ex­am­ined through avail­able in­for­ma­tion and MDRA data­base. In the sec­ond stage, MDRA re­searchers con­ducted phys­i­cal ver­i­fi­ca­tion and au­dit to scru­ti­nise the data. They vis­ited close to 60 B-schools. In the last five years, the team has vis­ited more than 350 cam­puses to ver­ify the data/in­for­ma­tion pro­vided by them with the help of orig­i­nal doc­u­ments/in­fra­struc­ture. Some ir­reg­u­lar­i­ties that came up dur­ing the phys­i­cal au­dits were cor­rected in the fi­nal ob­jec­tive data. The scores of the five pa­ram­e­ters were then summed up to get the to­tal ob­jec­tive score of each in­sti­tute.

Like last year, MDRA eval­u­ated B-schools based on cur­rent year data to give stake­hold­ers more re­al­is­tic, up­dated and ac­cu­rate in­for­ma­tion. The fi­nal ranks were as­signed based only on their ob­jec­tive data after var­i­ous lev­els of cross-check­ing and data val­i­da­tion through sources such as in­sti­tutes’ past data, col­lege web­sites, gov­ern­ment data, data with in­ter­na­tional ac­cred­i­ta­tion bod­ies, etc.

The MDRA core team was led by Ab­hishek Agrawal (Ex­ec­u­tive Direc­tor) and in­cluded Ab­nish Jha (Sr. Re­search Man­ager), Preeti Kashyap, As­sis­tant Re­search Ex­ec­u­tive, and Vikas Chauhan (Sr. Re­search Ex­ec­u­tive). ~

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